The Parish Council’s finances are guided by the Local Audit and Accountability Act 2014 and the Accounts and Audit Regulations issued periodically under the Act.
The Act introduced a Transparency Code for parish councils with an annual turnover of less than £25,000.
The South Lenches Parish Council currently falls into this category whereby the Council are obliged to publish certain information on its website annually i.e.
- a list of all payments made during the year of more than £100
- a list of land owned by the Council
- details on the form of accounts and how and when they must be approved and published and
- details of how taxpayers can view the accounts and exercise their rights in relation to the accounts
South Lenches Parish Council provides a summary of its receipts and payments schedule at their bi-monthly meetings which is appended to the minutes.
The main source of income to the Parish Council is via the precept, which is a demand on Wychavon District Council, as the billing authority , to collect a specific amount from each council tax payer in the parish.
The Parish Council has regulations and policies in place related to Financial matters.
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