Finances
The Parish Council's financial transactions are governed by a set of financial regulations which are reviewed annually.
A budgetary control statement is presented to every Committee meeting and a financial report is presented monthly (to every full Parish Council meeting) setting out all income and expenditure for the preceding month, bank account balances, debts outstanding and cheques and payments for ratification/authorisation.
Audit
An internal auditor is appointed on an annual basis by full Parish Council and an internal audit is carried out at least twice a year. A review of the adequacy of the internal audit arrangements is undertaken annually and a scoping document is issued to the appointed internal auditor and confirmation of his/her continuing independence is obtained. Both internal and external auditor reports are presented to full Parish Council and actioned as appropriate.
The Audit Commission has been appointed as the Parish Council's external auditors and can be reached at the following address:
Limited Assurance Audit Manager
Audit Commission
Second Floor
Midland House
Notte Street
Plymouth
Devon
PL1 2EJ
Annual Return
At the end of the financial year, the Parish Council completes an Annual Return which consists of:
Section 1 : A Statement of Accounts setting out the financial position of the Parish Council and its income and expenditure for that year.
Section 2 : An annual Governance Statement confirming that the Parish Council has a sound system of internal control.
Section 3 : The External Auditor's certificate and opinion.
Section 4 : The Internal Auditor's annual report.
A copy of the latest audited and signed off Annual Return can be obtained by clicking on the following link:
Precept
In November of each year, revised estimates for the current financial year and estimates for the next financial year are compiled based on detailed calculations for each expenditure and income head. An annual precept and Council Tax is calculated based on these estimates and considered and discussed by Finance and Greens Committee before being agreed by full Parish Council. A copy of the latest estimate summary and Council Tax calculation can be obtained by clicking on the following links:
