Home > Parish Council > Council Finances

Council Finances

In producing its accounts, the parish council has a duty to publish information to comply with the Transparency Code for Smaller Authorities 2014 and the Accounts and Audit Regulations 2015.  and the

finances

2020-2021

At its meeting of 6 May 2021, Lindsey Parish Council will be expected to declare itself eligible to consider itself as an exempt authority and will sign the Certificate of Exemption thereby exempting it from a limited assurance review.

As the Parish Council is a smaller authority, it is eligible to exempt itself from having a limited assurance review of its accounts as conducted by an (appointed) external auditor. There is no change to the requirement for all smaller authorities to complete and approve the the Annual Governance and Accountability Return (AGAR), and to provide for public rights and the Parish Council as an exempt authority must meet a number of specified criteria to enable it to only submit a copy of its exemption certificate to the appointed external auditor.

In accordance with the Accounts and Audit Regulations 2015, the Local Audit (Smaller Authorities) Regulations 2015 and the Transparency Code for Smaller Authorities there is a requirement to publish a number of documents on a public website - all of which are available to download direct from this website:

Certificate of Exemption Annual Governance Statements from AGAR
Accounting Statements from AGAR Annual Internal Audit Report from AGAR
Annual Internal Audit Report 2020-2021 Asset Register for 2020-2021
Accounts for the period ending 31 March 2021 Notes to the Accounts for the period ending 31 March 2021
Analysis of variances for year 2020-2021

Bank reconciliation for year ending 31 March 2021

In accordance with The Local Audit and Accountability Act 2014 and the Accounts and Audit Regulations 2015 the accounting records for the financial year ending 31 March 2021 (which includes all books, deeds, contracts, bills, vouchers, receipts and other documents relating to those records) must be available for inspection by any person interested, during a period of 30 working days set by the smaller authority and included the first 10 working days of July. Once the period has been set by the Responsible Financial Officer for Lindsey for inspection for the year ending 31 March 2021 this will be advertised via this website. Please revisit this page after 6 May 2021.

For a copy of the detailed guide produced by the National Audit Office 'Local authority accounts: a guide to your rights' please click here to download the guide. 

2019-2020

Due to COVID-19, the National Association of Local Councils (NALC) engaged with the government around local council audit time frames for audit for the year 2019-2020. Final regulations were published on 7 April and will come into force on 30 April. These extend the statutory audit deadlines for 2019/20. For the year 2019-2020, Council had a duty to comply with The Accounts and Audit (Coronavirus) (Amendment) Regulations 2020 as well as the legislation listed at the beginning of this section.

Statutory dates that have been amended are:

  • The publication date for final, audited, accounts for local councils will move from 30 September to 30 November 2020
  • To give local councils more flexibility, the requirement for the public inspection period to include the first 10 working days of July has been removed. Instead, local councils must commence the public inspection period on or before the first working day of September 2020

This means that draft accounts must be approved by 31 August 2020 at the latest or maybe approved earlier where possible.

Authorities must publish the dates of their public inspection period this year, and the government recommends that they provide public notice on their websites (where available) when the public inspection period would usually commence, explaining why they are departing from normal practice for 2020. 

At the meeting of 21 May 2020 , Lindsey Parish Council declared itself eligible to consider itself as an exempt authority. Arrangements will made for the Certificate of Exemption to be signed thereby exempting it from a limited assurance review.

As in the previous year,  the Parish Council, as a smaller authority is eligible to exempt itself from having a limited assurance review of its accounts as conducted by an (appointed) external auditor. There is no change to the requirement for all smaller authorities to complete and approve an Annual Return, now known as the Annual Governance and Accountability Return (AGAR), and to provide for public rights and the Parish Council as an exempt authority must meet a number of specified criteria to enable it to only submit a copy of its exemption certificate to the appointed external auditor.

In accordance with the Accounts and Audit Regulations 2015, the Local Audit (Smaller Authorities) Regulations 2015 and the Transparency Code for Smaller Authorities there is a requirement to publish a number of documents on a public website - all of which are available to download direct from this website:

Certificate of Exemption Annual Governance Statements from AGAR
Accounting Statements from AGAR Annual Internal Audit Report from AGAR
Annual Internal Audit Report 2019-2020 Asset Register for 2019-2020
 Accounts for the period ending 31 March 2020 Notes to the Accounts for the period ending 31 March 2020
Analysis of variances for year 2019-2020

Bank reconciliation for year ending 31 March 2020

In accordance with The Accounts and Audit (Coronavirus) (Amendment) Regulations 2020 the accounting records for the financial year ending 31 March 2020, (which includes all books, deeds, contracts, bills, vouchers, receipts and other documents relating to those records) will be made available for inspection by any person interested, during a period of 30 working days set by the smaller authority. To give local councils more flexibility, the requirement for the public inspection period to include the first 10 working days of July has been removed. Instead, local councils must commence the public inspection period on or before the first working day of September 2020. The period set by the Responsible Financial Officer for Lindsey for inspection for the year ending 31 March 2020 will cover the period Monday 15 June 2020 to Friday 24 July 2020 inclusive.

For full details of the dates set for Lindsey please use this link to download the details which will also include an article on: Local Authority Accounts: A Summary of Your Rights. For a copy of the detailed guide produced by the National Audit Office 'Local authority accounts: a guide to your rights' please click here to download the guide. 

2018-2019

At its meeting of 15 May 2019, Lindsey Parish Council declared itself eligible to consider itself as an exempt authority and signed the Certificate of Exemption thereby exempting it from a limited assurance review.

As in the previous year,  the Parish Council, as a smaller authority is eligible to exempt itself from having a limited assurance review of its accounts as conducted by an (appointed) external auditor. There is no change to the requirement for all smaller authorities to complete and approve an Annual Return, now known as the Annual Governance and Accountability Return (AGAR), and to provide for public rights and the Parish Council as an exempt authority must meet a number of specified criteria to enable it to only submit a copy of its exemption certificate to the appointed external auditor.

In accordance with the Accounts and Audit Regulations 2015, the Local Audit (Smaller Authorities) Regulations 2015 and the Transparency Code for Smaller Authorities there is a requirement to publish a number of documents on a public website - all of which are available to download direct from this website:

Certificate of Exemption, page 3 of the AGAR Report Annual Internal Audit Report 2017/18, page 4 of the AGAR Report

Section 1 – Annual Governance Statement 2018/19, page 5 of the AGAR Report

Section 2 – Accounting Statements 2018/19, page 6 of the AGAR Report

Analysis of variances for year 2018-2019

Bank reconciliation for year ending 31 March 2019

Annual Internal Report for 2018 - 2019

Notice of the period for the exercise of public rights and other information required by Regulation 15 (2), Accounts and Audit Regulations 2015.

In accordance with The Local Audit and Accountability Act 2014 and the Accounts and Audit Regulations 2015 the accounting records for the financial year ending 31 March 2019, (which includes all books, deeds, contracts, bills, vouchers, receipts and other documents relating to those records) were made available for inspection by any person interested, during a period of 30 working days set by the smaller authority and included the first 10 working days of July. The period set by the Responsible Financial Officer for Lindsey for inspection for the year ending 31 March 2019 covered the period 17 June to 26 July 2019 inclusive.

For a copy of the detailed guide produced by the National Audit Office 'Local authority accounts: a guide to your rights' please click here to download the guide. 

General Financial Information:

Every item of expenditure incurred by the Parish Council is listed within the minutes of the parish council's meetings. For full details on a bi-monthly basis, please see the page entitled PAST MINUTES. A full summary, on an annual basis, of all expenditure incurred exceeding £100 can be found under the File below entitled ACCOUNTS. 

All items of expenditure for past audited years are summarized within the Annual Accounts for each relevant year. A copy of the Audited Accounts, Annual Accounting Statements along with Notes to the Accounts, Bank Reconciliation for the Past Year, can be found in the Documents for each relevant year. 

Financial information for each relevant year in the form of FINANCIAL REPORTS and BUDGET TO ACTUAL STATEMENTS can also be found in the Document entitled ACCOUNTS.

Liabilities and AssetsFor information the Parish Council's Asset Register is also available to view and can be found in the Document entitled FINANCIAL RISK. On an Annual Basis the Parish Council carries out a Risk Assessment for all risks to which the Council are exposed. Details of the Risk Assessments carried out can be found under the File entitled FINANCIAL RISK.

 

BudgetThe Budget for the previous, current and next year can be found in the Document entitled BUDGET.

The Document detailing the current year's budget including information on receipts and payments and showing how the precept was calculated can be found in the Document entitled BUDGET.