You are here

Home » Parish Council

Finances

Budget

Flaunden Parish Council sets its own budget annually in December for the following financial year. This is done by estimating expenditure including major projects, upgrading existing facilities, ongoing maintenance etc. This is then compared with likely income including the annual precept and grants from County and Borough Councils.

Precept

Before setting the budget Councillors determine the precept for the following year, taking into account outside factors such as the rate of inflation, cost of living and the economic climate. Once this has been done priorities are agreed and the budget set.

Expenditure

Expenditure is reviewed regularly by Council and compared with the Budget Forecast.

Audit

Expenditure is recorded and monitored monthly by the Responsible Finance Officer.   It is audited annually by a company nominated as External Auditors by the Audit Commission for Local Councils in England. In addition to this an Internal Auditor is appointed from outside the village to audit the Parish Council accounts and systems before they are sent to the External Auditor.

 

Financial Information

 

The Annual Governance Statement and Accounting Statements for the year ended 31 March 2017 have been submitted to the external auditors BDO LLP.  Until the auditor's approval is received, these statements are subject to change.  Local electors and their representatives have rights to question the auditor and review the books and papers; full details of these rights appear in the notice below.

 

Notice of Public Rights - Accounts and Audit Regulations 2015.pdf

Annual Governance Statement 2016-17.pdf

Accounting Statement with RFO Certificate for publication.pdf

Payments & Receipts List ye 31 March 2017.pdf

 

Previous Years

2015-16

Annual Return ye 31 March 2016.pdf

Annual Return ye 31 March 2015.pdf

Accounts ye 31 March 15 with Bank Reconciliation.pdf