ALVELEY AND ROMSLEY PARISH COUNCIL
COUNCIL MEETING 5th Novemebr 2024
FINANCIAL REPORT
This report provides the customary summary of the Council's financial position on its current account and details of transactions that took place during the period 1/10/2024 to 31/10/2024.	
It also advises members of the annual pay award that has been agreed for local government and the effect of that on the hourly rate paid to the Clerk. A decision is required regarding that new hourly rate.
							    
Transactions during 1/10/24 to 31/10/24
Opening Balance as at 30th September 2024 			112,307.91
Income
3/10	CCLA Interest on deposit account	      		387.97
Expenditure
1/10	DD Stock n Lock storage					 62.90
3/10	S Burton Pound and Bank				460.00
7/10	S Burton Churchyard					600.00
15/10	S Kerry salary						912.80
15/10	A Preece Internal Audit fee				200.00
24/10	DD HMRC (NI/PAYE)					843.15
29/10	DD Stock n Lock storage					 62.90
31/10	Unity Trust bank service charge				   5.40		

Closing balance as at 31st October 2024	                                     109,509.73	
Total movement on account  				        (2,798.18)

Annual Pay Award
The National Joint Council for Local Government Services has announced an agreeement on rates of pay applicabale from 1st April 2024 to 31st March 2025. The effect on Spinal Column Point 16, which is the fixed rate for the Parish Clerk, is to incease the hourly rate from 16.30 to 16.93 per hour.
Taken over a full year, from 1st April 2024 this will increase pay by 63 pence x 70 hours per month x 12 months, an annual adjustment of £529.20.
Members are requested to decide how to respond to this information.

Steve Kerry
Parish Clerk