Finance
Annual Budget
The Parish Council produces a budget annually.
Each year, at the January meeting, the budget for the upcoming financial year is reviewed and approved by Full Council. A precept requirement is then sent to the District Council to enable them to collect this money, from residents, through Council Tax.
The budget is reviewed regularly throughout the year, and following year-end (March 31st), a full report is given to the Parish Council, by the Responsible Financial Officer - who is also the Parish Manager. The report is usually presented at the June meeting, along with the audit and governance paperwork, to be signed off before it is sent to the External Auditor.
Please click on the Budget Requirement link below for a breakdown of the coming year's budget, this also contains previous year's budgets, too.
Annual Returns
Ellistown & Battleflat Parish Council is required, in accordance with the Accounts and Audit Regulations, to complete an Annual Return setting out Accounting Statements and an Annual Governance Statement for each financial year. These statements and their supporting documentation are audited by the Council's Internal Auditor and an External Auditor.
Financial Risk Assessments
Risk is the threat that an event or action will adversely affect an organisation's ability to achieve its objectives and to successfully execute its strategies. Risk management is the process by which risks are identified, evaluated and controlled. It is a key element of the framework of governance together with community focus, structures and processes, standards of conduct and service delivery arrangements.
This document has been produced to enable the Parish Council to assess the risks that it faces and satisfy itself that it has taken adequate steps to minimise them. The Council is aware although some risks can never be eliminated fully, it has in place a strategy that provides a structured, systematic and focused approach to managing risk which:
- Identifies the key risks facing the Council
- Identifies what the risk may be
- Identifies the level of risk
- Evaluates the management and control of the risk and records findings
- Reviews, assesses and revises procedures if required.
Risk Assessment 2022-23 (Word Document, 35 Kb)
Risk Assessment
Financial Regulations
Financial Regulations 2019 (Word Document, 789 Kb)
Financial regulations are a legal requirement for all Parish Councils and set the foundations upon how the council manages their finances. The current Financial Regulations were adopted in 2019.
Reviewed annually and amended accordingly, if required.
Internal Control Policy - Current (Word Document, 16 Kb)
An Internal Control Policy for financial procedures outlines the way in which the council manages its finances. It is a legal requirement for a council to have certain procedures and policies in place but it also ensures the council has a robust and effective way of managing their exposure to risk, corruption and fraud.
Reviewed annually and amended accordingly, if required.