Financial Information

 

Cockshutt cum Petton Parish Council aims to give value for money as it raises and spends money for the benefit of the local community.  It makes it clear where the money goes and is accountable for sound financial management.

Parish Councils that spends taxpayers’ money has a duty to do so lawfully and must be confident that whenever it spends any money

  • it has the legal power (it is not acting beyond its powers)
  • it follows lawful procedures
  • it does not take unnecessary risks
  • transactions are transparent
  • councillors conform to standards in public decision making.

There is legislation that provides a detailed framework that Parish Councils must follow.  Parish Councils must take responsibility for

  • appointing an appropriate officer to manage its finances
  • following lawful and proper financial procedures
  • deciding how much precept (the amount of money Shropshire Council collects on behalf of the Parish Council) to ask for from the council tax
  • establishing sound internal control (audit) systems
  • setting up its own financial regulations
  • formally accepting the end of year accounts
  • submitting what is required to the external auditor
  • publishing the accounts and the results of audit

 

Monitoring and control

At every Council meeting the Budget is monitored and explanations for any amounts under or over expenditure are discussed.  Also, expenditure can only be approved at full Council meetings.  The Council’s finances are audited annually both internally (an independent official nominated by the Council) and externally (by auditors appointed by the Government’s Audit Commission).

Year Ending March 2018

Budget

 

Year Ending March 2017

Conclusion of Audit Notice 2017

External Audit – if you wish to inspect the original document please contact the Clerk

Audit Notice

Summary of Electors’ Rights

Governance Statement – if you wish to inspect the original document please contact the Clerk

Accounting Statements  – if you wish to inspect the original document please contact the Clerk

Bank Reconciliation

Explanation of Significant Variances

Payments Made

Internal Audit Report

Budget

Asset Register

Year Ending March 2016

Conclusion of Audit Notice 2016

External Audit  – if you wish to inspect the original document please contact the Clerk

Audit Notice

Summary of Electors’ Rights

Governance Statement  – if you wish to inspect the original document please contact the Clerk

Accounting Statements  – if you wish to inspect the original document please contact the Clerk

Bank Reconciliation

Explanation of Significant Variances

Payments Made

Internal Audit Report

Budget

Asset Register

 

Year Ending March 2015

Conclusion of Audit Notice 2015

Accounting Statement

Governance Statement

External Audit Report

Internal Audit Report

Bank Reconciliation

Explanation of Significant Variances

Payments Made

Budget

Asset Register 2015

 

Year Ending March 2014

Annual Return 2014

Internal Audit Report

Bank Reconciliation

Explanation of Significant Variances

Payments Made

Asset Register 2014

 

 

The following document details contracts awarded

Contracts Awarded November 2016

 

The following document details grants awarded and received

Grants Awarded and Received December 2014

 

The following documents have been approved by the Parish Council

Financial Regulations May 2017

Community Grant Policy 2017

Risk Management Scheme 2017

Statement of Internal Control 2017