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.
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 2020/21 is £511,118 which amounts to a Band D rate of £88.02. The rest of the Council’s income is from rental income, grants, bank interest and sponsorship.
You can view a statement on the increase in the 2020 precept here: Statement on 2020 Precept
How the Precept was calculated:
|Projected Bank Balance 31/03/2020||332,936||(a)|
|Net Budget Expenditure (d-e)||430,540||(f)|
|Precept Required (f-c)||511,118|
You can view the agreed 2020/21 budget here: 2020/21 Budget
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.