Council Finances

The council recognises that there is a balance between providing quality services and ensuring that the foundation for everything that is undertaken is based on sound finances. In particular there is recognition that wherever possible any increase in the precept should reflect general increases in the cost of living.

External Audit 2019/20

The Council reviewed and approved the annual accounts for the 2019/20 financial year at the Full Council meeting on 22nd June 2020.

 

Members of the public have the right to inspect the Council's accounting and audit information, as detailed below. Please note that the Accounting Statements published below (Annual Governance & Accountability Return Section 2) are unaudited and may be subject to change following the external audit.

Rochelle Halliday, Responsible Financial Officer / Town Clerk

 

Notice of Public Rights & Guidance Notes

Annual Governance & Accountability Return 2019/20 - Annual Internal Audit Report, Section 1 - Annual Governance Statement & Section 2 - Accounting Statements

 

External Audit 2018/19

The Council approved its annual accounts for 2018/19 at the Full Council meeting on 17th June 2019. Members of the public have the right to inspect the Council's accounts and audit information as detailed below. The external audit process has been completed and the public have the right to inspect the audit documents. Please see the Notice of Conclusion of Audit below for more details.

 

Notice of Conclusion of Audit 2018-19

Notice of Public Rights & Guidance Notes 

Annual Governance Statement 2018/19 - Section 1

Accounting Statements 2018/19 - Section 2

Annual Internal Audit Report 2018/19

 

External Audit 2017/18

Our External Audit for 17/18 has been concluded. The public have the right to inspect documents relating to the audit.

Audit Notice

Audit return 2017/18

Unaudited accounts 17/18

Conclusion of Audit Notice 2017/18

 

Council Budget

 

2020/21 Financial Year

2019/20 Financial Year

2018/19 Financial Year

 

Asset Register

Year ending 2018/19


Our underlying principles in managing our finances over the next year will be:

1. Unallocated reserves of between 10 –15% of expenditure will be maintained to cover any unforeseen/unexpected costs

2. Allocate £87,000 to capital projects, including £50,000 to refurbish the Monteagle Community Hall.

3. To ensure that any services taken on or developed will have a cost neutral impact on the budget unless the Town Council decides to employ a higher standard of service.

4. The Town Council will investigate alternative sources of fundraising.

 

Parish Basic Allowance

The current Members annual allowance is £541.80, which is paid monthly, through the Town Council's payroll system and is subject to tax.

Councillors currently claiming the allowance in 19/20 are:

Cllr Adrian Collett

Cllr Gerry Crisp

Cllr Mark Griffin

Cllr Bob Harward

Cllr Robert McSorley