Finance

Nailstone parish council forecasts how much money it is going to need the following year in November. This figure is then submitted to Hinckley and Bosworth Borough council. They then divided by the number of properties in the parish that fall into Band D Council Tax bands. This figure is adjusted to take account of such things as exempt properties and planned new houses to get the precept each Council Tax payer in the parish will contribute. It is paid to the parish council in two instalments, April and September.