Port St Mary Rate Increase set at 1.5%

 

The Board of Port St Mary Commissioners present their  Rates statement for the coming financial year 2022/2023

RATE INCREASE SET AT 1.5%

 The Board of Port St Mary Commissioners have agreed a rate increase for the coming 2022/23 year of 1.5%, which equates to 354p (previously 349p).

The Board has again worked hard to minimise the impact on rates for Port St Mary residents.  With early discussions starting in September 2021 and taking into account the projects to be faced in the coming year, the Board are pleased to be able to keep the rate as low as possible during what has been another difficult period for many financially. The Board will continue to scrutinise expenditure and apply sound financial planning to their decisions. The Board have identified several areas in which savings can be made and will continue to seek further savings where possible.

There are several budget increases from external sources which are beyond the control of the Board:

  • The percentage increase in Government salaries for the coming year is unknown at this time;
  • A 16.32% increase in contributions to the Southern Civic Amenity Site (due to investment in the current site and an increase in waste costs);
  • Disposal costs at the Energy From Waste Plant are due to rise by 1.95% in April;
  • The Southern Swimming Pool contribution has also increased by 140%, an uplift of £5,053 from £3,609.
  • The latest available CPI rate stands at 6% (calculated as at December 2021).

A street light replacement scheme is ongoing pending the outcome of a recent audit by Manx Utilities of the street lights and their condition. It is proposed that at least 10 street lights per year will be replaced on a rolling basis and these costs have been included in the budget, along with costs for unforeseen replacements.

The Board intend to carry out several projects throughout the coming financial year, including resurfacing the boat park, replacing flooring at the playpark, maintenance on garages owned and let out by the Commissioners and further investment in festive lights throughout the village.

The Board anticipates that cost saving measures and careful scrutiny of expenditure will allow them to deliver a balanced budget for the forthcoming year.

 

Bernadette Williams MBE

Chair

 

26th January 2022

 

The table below sets out our predicted income and expenditure for the 2022/23 financial year;

 

 

Income £ %
Rates 495,497 73%
Search Fees 7,269 1%
Admin tfrd from housing 36,666 5%
SSHJB admin 46,942 7%
MCHC 6,135 1%
Incidentals 699 0%
Lettings 53,480 8%
Commercial Refuse 34,281 5%
Memorial seats 1,800 0%
  682,769 100%
 

Expenditure

 

£

 

%

Salaries -256,477 38%
Office Expenses -28,776 4%
Professional Fees -35,602 5%
Election Expenses -4,187 1%
Bank Charges -3,500 1%
Travel Exp & Staff Training -8,215 1%
Attendance Allowances -3,570 1%
Civic Events, Advertising & Donations -10,918 2%
Vehicles -35,435 5%
Commissioners Buildings -45,514 6%
Refuse Costs -91,747 13%
SRC Contribution -48,187 7%
Street Lighting -17,771 3%
Street Cleaning & conveniences -25,679 4%
Parks, Leisure & Public Areas -26,153 4%
Public Amenities -28,106 4%
Happy Valley repairs -9,032 1%
  -678,869 100%
Predicted 22/23 surplus 3,900  

 

Professional Fees includes audit, accountancy, consulting & legal fees. Commissioners Buildings includes town hall costs, insurance and stores expenses. Refuse Costs includes tipping costs at the EFW & the current refuse contract.

Public Amenities includes swimming pool contribution, playground maintenance and beach cleaning.

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