All Town and Parish Councils are funded by the Precept. This is added to the IW Council Council Tax demand and is collected by them.
The precept for 2015/16 for Gurnard was £50,478.
The precept for 2016/17 for Gurnard was £56,445
To see how the precept is spent Click here
The precept is calculated to cover the agreed budget.
Budget against expenditure
As you can see the predicted budget is larger than the precept as the Parish Council will use some of their reserves from previous years to complete the Neighbourhood Plan.