Finance

Finance
The Precept

The accounting year of all councils starts on 1st April and finishes on 31st March. Local councils levy an annual precept charge, which is collected by the District Council. The precept helps run the services provided by the Parish Council.

 

Financial Regulations - Reviewed and adopted 22 March 2022 

5 Year Forecast

Financial Regulations

2019/2020 Regular payments to suppliers and for what service

1st Quarter payments in the absence of meetings due to COVID19

End of audit notice 2019/20

Electors rights notice 2020/21

Annual Governance and Accountability Return 2020/21

External auditors conclusion of audit for 2020-2021

Annual Governance and Accountability Return 2021/22

External auditors conclusion of audit for 2021 - 2022

The Council Tax Precept

 

The precept is the parish council’s share of the council tax.  The precept demand goes to the billing authority, South Norfolk 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.