Dawlish Town Council Approves Budget for 2024/25

Dawlish Town Council has approved its Income & Expenditure (I&E) budget for the financial year 2024/25.

The comprehensive budget, including earmarked reserves and proposed fees and charges, was adopted following meticulous consideration by the Budget Task and Finish Group, with the Council’s Finance & General Purposes Committee recommending the proposed budget to Town Council for approval.

Purpose and Background

The primary purpose of this budget is to ensure the Town Council meets its objectives, maintains service levels, and ensures financial resilience for the organisation in the longer-term. The budget was carefully crafted by the Budget Task & Finish Group, which met multiple times from November 2023 to December 2023. The Finance & General Purposes Committee, in its meeting on 18 January 2024, recommended the adoption of the proposed I&E budget, fees and charges, and the Precept to the Town Council for adoption at its meeting on 24 January 2024.

Financial Landscape and Considerations

The Council’s budget is financed through a combination of trading income, service fees, charges, and the precept. Notably, the precept is the most local element of the Council Tax, contributing approximately 5% to the total household council tax bill. There are 5,879.2 Band D equivalent properties (occupied properties for which council tax can be charged) for 2024/25, an increase of 77.6 properties on the previous year.

Despite external challenges, including the continuation of the cost-of-living crisis, and inflationary pressures, Dawlish Town Council remains committed to providing essential services and supporting the community.  With a small increase of £8.53 per year, or 71p per month for a Band D property, the budget addresses various priorities, including climate emergency initiatives, infrastructure development, and community events.

Positive Impact on Residents

The recommended I&E budget for 2024/25 remains sensitive to the financial challenges faced by residents. The proposed fees and charges are reasonable and align with the Council’s commitment to fair and equitable financial practices, and are reviewed annually.

Comparatively, other town councils in the region are planning similar or higher increases for the coming fiscal year. Dawlish Town Council’s proactive approach ensures it continues to deliver quality services while being mindful of the economic landscape.

Community Focus and Investment

The budget places a strong emphasis on community welfare, with allocations for essential renovations to The Manor House community centre, climate change initiatives, and support for local organisations through an increased grant scheme. The Council anticipates having a general reserve of approximately £350,000, allowing flexibility in responding to unforeseen challenges.

Conclusion

Dawlish Town Council’s approved budget for 2024/25 reflects a forward-thinking and responsible approach to financial management, whilst remaining focussed on community well-being, infrastructure development, and environmental sustainability.

Mayor of Dawlish, Councillor Rosie Dawson said: “The staff and Councillor team have worked over the past two months to ensure that the budget for 2024/25 is community wellbeing focussed; mindful of the financial challenges faced by residents whilst also responsible to the obligations of local government, and acknowledging the Council is itself not immune from inflationary increases.  A balance has been achieved which allows for another progressive and positive year in Dawlish.”

Residents are reminded that for those struggling with the cost-of-living crisis, help and advice is available.