Earl Shilton Town Council’s ultimate aim is to be transparent in all its financial activities. We are required to adhere to Financial Regulations which are reviewed annually by Council and based on nationally agreed guidelines issued by Government. Our Financial Regulations can be found here: Financial Regulations .
Annual budgets (The Precept) are discussed at committee level and approved at a Full Council meeting ideally in January for the following financial year. Note: the Borough Council Finance Dept do not usually notify town and parish councils of the 'taxbase' figure until late December. The taxbase figure is key to calculating the overall Town Council Precept as it shows the number of new homes paying council tax. The budget/precept is designed to enable Earl Shilton Town Council to deliver its services which centre around our Parks and Cemetery.
Our funding comes mainly from an amount called the precept that is charged on council taxpayers in the Town. A precept demand is submitted to Government via Hinckley and Bosworth Borough Council, following the setting of the budget by a voted resolution of members of the Town Council, in January each year.
For the financial year 2019/20 the precept is £271,579 and the cost of services to a normal Band D property in Earl Shilton is £86.19p per year.
Details of our 2019/20 precept, showing previous years for comparison, can be found here: Precept Financial Year 2019/20.
For more information on any finance related matter please contact Mark Jackson, Responsible Finance Officer, by email vide firstname.lastname@example.org
Earl Shilton Town Council’s accounts are audited by an internal auditor. The end of year accounts – called the Annual Return – are submitted to the external auditors.
The audited annual return for the Financial year 2016/17 can be downloaded here.
Earl Shilton Town Council following the meeting of Full Council on 12 June 2018 have submitted their Annual Governance & Accountability Return (AGAR) 2017/18 Part 3 to External Auditors PKF Littlejohn LLP today 13 June 2018.
Commensurate with the production and submission of the 2017/18 AGAR will be the statutory explicit 'Notice of Public Rights & Publication of Unaudited Accounts' The announcement will be made on 14 June 2018 on both this website as a 'news item' on the home page, on the Office Noticeboard 21, Wood St and the Public Library Noticeboard, Wood St. Accounts will be available as per this statutory notice from 18 June 2018 to 27 July 2018.
The AGAR can be viewed here: AGAR.
Notice of Conclusion of External Audit for the Financial Year ended 31 Mar 18 and associated AGAR documents may be downloaded for free here.
Ongoing cumulative Income and Expenditure against precept budget
As part of our commitment to provide financial transparency, Earl Shilton Town Council publishes all income and expenditure by Cost Centre and Account Code.