Finance

The Town Council is open and transparent about the way it manages its finances. This page contains information on the way the Council protects its finances and what it has spent money on.

The Council’s finances are monitored on a day to day basis by the Responsible Financial Officer (Town Clerk). The Finance Committee take an oversight role for the Council budgets whilst each committee also monitors its own income and expenditure.

The Finance Committee also appoints an internal audit working group which assess the internal controls of the Council once a quarter; this covers things such as ensuring payments made have been signed off by the Council. The Council appoints an internal auditor who assesses the Council’s compliance with relevant legislation and a further audit is carried out by an external auditor appointed independently of the council.

Precept

The Town Council receives the majority of its income through the precept; an annual sum of money collected with the Council Tax by Cheshire East Council. The precept, set by the Town Council in January, for 2017/18 is £286,020  which amounts to a Band D rate of £49.84. The rest of the Council’s income is from rental income (60 King St and the Market), grants, bank interest and sponsorship.

How the Precept was calculated:

Projected Bank Balance 31/03/2017 318,533 (a)
2017 Reserves 274,992 (b)
Surplus (a-b) 43,541 (c)
Budget Expenditure 516,034 (d)
Budget Income 186,473 (e)
Net Budget Expenditure (d-e) 329,561 (f)
Precept Required (f-c) 286,020

You can view the agreed 2017/18 budget here: 2017/18 Budget

Financial Reports
The Income and Expenditure Reports show the income and expenditure accounts for the Council broken down by Committee with detail for the cost centres and cost codes.

The Council routinely publishes an updated list of all Council payments for the financial year. You can request payment lists for previous years by contacting the Town Clerk.

2016-17 Payments List

Income & Expenditure Report

Annual Audit
The Town Council prepares an Annual Accounting statement which is externally audited. This summarises the Council’s income and expenditure for the year and includes statements from the Council’s internal auditor.

2015/16 Annual Audit

2014/15 Annual Audit

2013/14 Annual Audit