Budget and Finance
Sutton Cheney Parish Council is open and transparent about the way it manages its finances. The Council’s finances are regularly monitored by the Parish Clerk and approved at Council meetings. Additional scrutiny is given annually by appointing an external auditor who assesses the Council’s compliance with relevant legislation.
Council Income and the Precept
After agreeing its budget in January, the Council demands annual sum of money collected with the Council Tax by Hinckley and Bosworth Borough Council. The Parish Council receives the majority of its income through the precept.
Other income received by the Parish Council is from rent from allotment plots as well as grants for specific projects. We also receive income through VAT reclaims and bank interest.
The Council Budget
Sutton Cheney Parish Council has a statutory duty to prepare an annual budget. A well planned budget is an essential tool for controlling the Council’s finances as it provides the Council with the confidence to ensure that sufficient income is available throughout the year to pay for expenditure for services or the capital for planned projects. The budget process:
- Results in the council setting the precept for the following year
- Gives the clerk overall authority to make spending commitments in line with the decisions of the council
- Enables progress monitoring during the year by comparing actual spending against planned spending. By monitoring our spending against the budget plan, we can control our finances during the course of the financial year.
Sutton Cheney Parish Council Budget for 2020/21
For the agreed budget for this financial year, please see:
Monthly Financial Statements - 2020/2021
Previous Financial Statements
2019 - 2020
2018 - 2019
2017 - 2018