Financial information

 

Parish Councils are legally obliged to produce monthly financial reports. These are checked at each Parish Council and signed by the Chair and Clerk.

At the end of each financial quarter, any variances to budget and expenditure over £100 (for smaller parishes) must be reported.

The Parish Council produces an end-of-year financial statement for the Annual Parish meeting which is held in May. This shows the breakdown of expenditure and income.

The Annual Return (AGAR) is the formal accounting document for each financial year. This must be checked by an internal auditor then filed with a government appointed external auditor. Parishioners have a right to inspect the Annual Return for a short period prescribed by the external auditor before it is filed.

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