Easton

Parish Council - Suffolk

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Finance

Parish expenditure is funded by the precept received from Suffolk Coastal District Council annually.  The Parish Council sets its budget in November and a precept request is agreed in January.  Precepts are funded from Council Tax, the amounts requested by Parish Councils affects the Council Tax base.

Finances are reviewed at each ordinary meeting. The Financial Statements demonstrates expenditure, expenditure due, and receipts. Expenditure against the budget is also monitored.

At each financial year end the Parish Council is duty bound to initiate an Internal Audit and submit its accounts for External Audit.  The findings of the Internal Audit support the information required for thesubsequent External Audit.