In December of each year, the Finance Committee of the Parish Council drafts a proposal for the following year’s budget. Once the projected expenses are deducted from the projected income, a shortfall will be left. The money required to cover this shortfall is known as the Precept and, in January of each year, the Parish Council applies to the District Council for this money. It is the Precept that forms part of your Council Tax bill. The Precept is paid in 2 equal installments – in April and September. To view the last 3 years’ budgets, please follow the link – Budget tracker.
The accounts are audited each year by an internal examiner and then by external auditors BDO LLP, based in Southampton. The year runs until the 31st March each year and the Parish Council produces an Annual Statement for auditing. Following the introduction of the Transparency Code in April 2016, the following links will take you to entries showing the Annual Income & Expenses, the Annual Accounts Statement, the Annual Governance Statement, the list of expenses in excess of £100 and the bank reconciliation for each year.