PARISH COUNCIL FINANCE
PAYMENTS & RECEIPTS ACCOUNT to 31st MARCH 2017
PARISH BUDGET & PROJECTIONS
At their meeting in January 2017 the Parish Council will determine the amount of the village precept for the coming fiscal, 2017/18. To assist them in their task, budget projections and previous actuals have been produced and are shown in the table below. Next year will see a significant increase in expenditure with the recruitment of a new clerk who will need to be employed at the going rate, and also a number of services and tasks being devolved from the principal authority that will need to be carried out and paid for at local (Parish Council) level. For some time now Litton Cheney's precept has been considerably lower than other communities of a similar size, and whilst there is a need to raise the precept for the coming year, it is believed it will still represent realistic value for the service received.
Litton Cheney Parish Council 2014/2015 2015/2016 2016/2017 2017/2018 Income +100% Actual Actual Projected Projected Precept £3,500.00 £3,600.00 £3,600.00 £7,200.00 Grant £98.00 £74.00 £49.00 £25.00 Interest £1.01 £1.01 £1.00 £1.00 VAT Refunds £303.65 £234.65 £240.00 £260.00 Allotments Joining Fees £30.00 £30.00 £30.00 £30.00 Annual Fees £115.00 £115.00 £115.00 £115.00 Capital Expenditure Donations £831.00 £111.64 £0.00 £0.00 Donations £60.00 £0.00 £0.00 £0.00 Budget Income £4,938.66 £4,166.30 £4,035.00 £7,631.00 Budget Expenditure £3,219.26 £4,655.39 £4,785.48 £7,499.00 Balance at hand £1,719.40 -£489.09 -£750.48 £132.00 Balance C/Fwd £5,951.09 £5,462.00 £4,711.52 £4,843.52
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FOR YOUR EASE OF REFERENCE - THE TRANSPARENCY CODE
Annual Return & Governance Statement  End of Year Accounts Internal Audit External Audit Annual publication no later than 1 July in the year immediately following the accounting year to which it relates.   Publish signed statement of accounts according to the format included in the Annual Return form. It should be accompanied by: a. copy of the bank reconciliation for the relevant financial year, b. an explanation of any significant variances (e.g. more than 10-15 percent) in the statement of accounts for the relevant and previous year, c. an explanation of any differences between ‘balances carried forward’ and ‘total cash and short term investments’, if applicable.  May of each year post Annual Meeting   Post External Audit - September Website All items of expenditure above £100 Annual publication no later than 1 July in the year immediately following the accounting year to which it relates.Publish details of each individual item of expenditure Copies of all books, deeds, contracts, bills, vouchers, receipts and other related documents do not need to be published but should remain available for inspection. For each individual item of expenditure the following information must be published: a. date the expenditure was incurred, b. summary of the purpose of the expenditure, c. amount d. Value Added Tax that cannot be recovered.  In Minutes of bi-monthly meetings Village Website Books etc. with Parish Clerk Minutes Minutes Minutes All VAT is generally recoverable List of Councillors or Member Responsibilities Annual publication of councillor or member responsibilities within 14 days of the Annual Meeting in May immediately following the accounting year to which it relates, including: a. names of all councillors or members, b. committee or board membership and function (if Chairman or Vice-Chairman), c. representation on external local public bodies (if nominated to represent the authority or board). May of each year Website Model Publications Scheme   Location of Public Land and Building Assets Annual publication no later than 1 July in the year immediately following the accounting year to which it relates. Parish councils are to publish details of all public land and building assets - either in its full asset and liabilities register or as a village inventory.  The following information must be published: a. description (what it is, including size/acreage), b. location (address or description of location), c. owner / custodian, e.g. the authority manages the land or asset on behalf of a local charity. d. date of acquisition (if known), e. cost of acquisition (or proxy value), f. present use. April each year, following Inventory Review Village Inventory and Website Minutes, Agendas and Papers of Formal Meetings Publication of draft minutes from all formal meetings not later than one month after the meeting has taken place. Publication of meeting agendas and associated meeting papers not later than three clear days before the meeting to which they relate is taking place As directed  Website & Main Village Notice Board Information Title Information which should be published Date Published Location
INTRODUCTION
By browsing this section of the Parish Council's space on the village website you will find various references to financial and accounting documents that are used to indicate “the state of the nation”. Many of these documents are produced at the behest of the Transparency Code created by the Department for Communities and Local Government and are intended to give local residents sufficient access to information that relates to how the Parish Council is handling public funds. In addition to what is available on this website, information can be found on notice boards including previous meeting minutes and by contacting the Parish Clerk (see home page for contact details). Documents can be made available on request – there is sometimes a charge for this service. If you cannot find the information you require do not hestitate in contacting the Clerk who will be pleased to help.
Dorset Litton Cheney
in the Bride Valley
Audit Return 2016-17 Bank Reconciliation 2016-17 Finance Archive Annual Returns 2016-17 Payments & Receipts 2016-17 Budget Projections  2017-18 Transparency Code