Our financial year runs from 1 April to 31 March. We agree on an annual budget in January each year and also decide how much the annual Precept* should be set at. We submit our annual accounts in the form of an Annual Governance and Accountability Return (AGAR) to the external auditor.
* The Town Council is empowered to raise money for its activities through a tax (the Precept) on the Town’s residents which is collected on their behalf by Broadland District Council, as an addition to the District and County Council Tax. This is then paid to the Town Council in two equal installments.
Key financial documents relating to the year ending 31 March 2019:
Conclusion of external audit notice
Exercise of electors’ rights
Summary of electors’ rights
Annual Governance and Accountability Return 2018-19
Internal auditor’s report
Year-end bank reconciliation
Explanation of significant variances
Expenditure sums in excess of £500