Finance & Audits

Parish Budget & Precept

Each year Old Basing and Lychpit Parish Council calculates how much money it requires to provide its services or achieve any planned projects. This sum, called the Precept, is collected by Basingstoke & Deane Borough Council on behalf of the Parish Council as part of a household's council tax.

Old Basing & Lychpit Parish Council does not receive any money from central government or Hampshire County Council, nor does it receive any financial support from local business rates which are collected by the borough council. Details of the amounts charged for your band are shown on your Council tax bill.

To review a summary of the calculations which have been used for the Parish Council's Precept for the next year (2025/26), view the file here (38KB, PDF).

Why might the parish precept amount charged on a council tax bill have increased/lowered even though there has been no actual change in the parish precept?

Even if a Parish Council requests the same financial precept for a future financial year, due to changes in the number of Band D equivalent properties in the Parish, the individual precept against each property may change. This can result in the individual precept rising or falling by a small percentage even when the parish precept as a whole has not changed.

Annual Returns & Governance

As a local resident, you have legal rights to inspect, ask questions about and challenge items in your Council's accounts. For more information, the National Audit Office has published a guide, view the guide here (291KB, PDF).

2024/25