The Council’s principal source of income comes from the “Precept” which it levies on the County Council each year. In November, the Council prepares a budget for the forthcoming financial year (1st April – 31st March). It then decides on an amount (the Precept) which is calculated to cover planned and expected expenditure. The County Council is subsequently notified of the amount. The precept is then collected via the Council Tax. Other sources of income in the form of various grants are obtained to cover the costs of special projects.
Financial Regulations - adopted by the Parish Council on 13 May 2020.
These Financial Regulations govern the conduct of financial management by the Council and may only be amended or varied by resolution of the Council. It is the duty of the Council to review the Financial Regulations of the Council from time to time.
The Clerk has been appointed as the Responsible Financial Officer to administer the Council’s financial affairs in accordance with proper practices.
The Parish Council must deal with its accounts in accordance with Local Audit and Accountability Act 2014, the Accounts and Audit Regulations 2015 and the NAO’s Code of Audit Practice 2015.
Each year, Smaller Authorities are required to conduct a review of the effectiveness of the systems of internal and prepare an Annual Governance and Accountability Return (AGAR) following the guidance in Governance and Accountability for Smaller Authorities - a Practitioners' Guide to Proper Practices.
The appointed external auditor is:
PKF Littlejohn LLP (Ref: SBA Team)
1 Westferry Circus
YEAR END 31 MARCH 2020
Audit Conclusion 2019/20 (to follow)
YEAR END 31 MARCH 2019