2025 / 2026 FINANCIAL SUMMARY
This page gives details of the financial transactions of the council over the financial year running from April 2025 - March 2026
The first document is the ratified (agreed by council) budget for the year. This is set in January each year and forms the basis for spending and income for the year. This is reviewed regularly as more information is known.
The second set of documents include the Annual Returns, audits and information about your rights to ask questions or look over the books. These are all about LAST years finances (April 2024 - March 2025) and will be included once they are agreed and ratified by council and / or auditors.
The final set of documents details the large amounts that the council spends each month (anything over £500). Some information is gathered into larger sums (things like wages, tax, pensions) so that personal information isn't shared, but if there are questions, please do get in touch with us. Again, these will be updated as and when they are agreed.
Click the button below to see the agreed budget for 2025/2026
Alongside the budget information, we also share details of the 'precept' - this is the amount collected via Council Tax that goes towards the costs of running Woughton Community Council and the services that are provided.
THE AGREED PRECEPT FOR 2025/26 IS £885,385
This is an increase of 9.2% with a Band D charge of £344.07
This increase reflects the challenging position that the council faces, especially as a local council that provides high levels of services and therefore, significant staffing costs. This includes the increase in Employers National Insurance levels and the reduction in the support grant that has supported the parish, as a result of the unfair taxation system.
We bring income in from a variety of sources, including the precept – this is an amount that is part of Council Tax that provides income towards the services we provide. For information about the precept, you can visit the Milton Keynes Council website HERE.
We will also publish details of our spending each month (in line with the law), give updates as we develop the budget for next year and details of the budget consultation, once we start that.
Documents are shown here for the 2025/2026 financial year (which runs from April– March each year). Older finances can be seen by calling into the Office (Woughton Community Council Hub, Garraways, Coffee Hall) or by clicking on the 'previous years' tab on the menu above.