Darran Valley Precept Decisions

2025

During the pandemic Darran Valley Community Council accumulated some un-used
income as there was no summer scheme, meeting expenses or OAP trips etc. Council
hasn’t raised it precept since 2020 (5 years) due to the unused pandemic income, and
the impact of the cost of living crisis on local residents.
Over the last few years Council has enhanced it children’s summer and Christmas
activities to support the local community, and there is possibility Deri library will be
closing, resulting in an asset transfer to Darran Valley Community Council. This would
result in a significant shortfall and therefore council have no option but to raise its
precept from £12,980 to £17,000 during the 2025-26 financial year. This was
calculated as follows:
• Income including wind turbine, vat refund, money left over from last financial
year and current precept =£16,980.
• Expenditure outlined about = £33,980.04.
• Income minus expenditure = -£17,000.04.
• Increase to £17,000. This would roughly equate to an average monthly
increase of £5.40 per household (based on band D).

2024

Council will not be increasing its precept in 2022 – this will remain at £12,980.

2023

Council will not be increasing its precept in 2022 – this will remain at £12,980.

2022

Council will not be increasing its precept in 2022 – this will remain at £12,980.

2021

Council will not be increasing its precept in 2021 – this will remain at £12,980.

Council understand the financial impacts of the Covid-19 pandemic on local communities.

2020

Council had to make the decision to increase it’s Precept by 4.01% to £12,980.   This small increase is derived chiefly from Council’s setting of a draft budget on January 23rd. After a number of years without increase, Council has eaten into its previously healthy carry forward position through a combination of inflationary increases in costs to Council, coupled with Council extending its expenditure to include additional outlay ie the summer scheme. Previous years having been funded by granting from the Big Lottery and High Sheriffs fund (Gwent). Without increasing the precept, Council runs the risk of moving nearer to a zero/deficit position.