The Council financial year runs from 1st April to 31st March. Council agree an annual budget each year and decide how much the annual Precept should be set at.
An annual audit is carried out by an external auditor, PFK Littlejohn, in the form of an Annual Governance and Accountability Return (AGAR). This is in addition to an annual internal audit.
Financial Documents for Year ending 31st March 20201
Financial Documents for Year ending 31st March 2020
Financial Documents for Year ending 31st March 2019
Policies and Procedures
The Parish Council maintains a set of policies and procedures to help it carry out its duties effectively and to comply with regulations.
The Council Tax Precept
The precept is the parish council’s share of the council tax. The precept demand goes to the billing authority, Breckland District Council, which collects the tax for the Parish Council. The 'Precept' is converted into an amount per Council Tax Band that is added onto the Council Tax bill.
Income and expenditure for the next financial year are calculated in the form of estimates.
Parish and town councils can apply for other funding such as grant and funding awards, but they do not receive funds direct from central government as principal authorities do.