Oswestry Rural Parish Council aims to give value for money as it raises and spends money for the benefit of the local community.  It makes it clear where the money goes and is accountable for sound financial management.

Parish Councils that spend taxpayers’ money have a duty to do so lawfully and must be confident that whenever it spends any money

  • it has the legal power; it is not acting ultra vires (beyond its powers)
  • it follows lawful procedures
  • it does not take unnecessary risks
  • transactions are transparent
  • councillors conform to standards in public decision making.

There is legislation that provides a detailed framework that Parish Councils must follow.  Parish Councils must take responsibility for

  • appointing an appropriate officer to manage its finances
  • following lawful and proper financial procedures
  • deciding how much precept (the amount of money Shropshire Council collects on behalf of the Parish Council) to ask for from the council tax
  • establishing sound internal control (audit) systems
  • setting up its own financial regulations
  • formally accepting the end of year accounts
  • submitting what is required to the external auditor
  • publishing the accounts and the results of audit

The Council’s finances are governed by its Financial Regulations.

The Council must manage its finances in accordance with legislation and guidance can be found in these two publications:

the_good_councillors_guide_to_finance_and_transparency_2017

governance_and_accountability_for_smaller_authorities_in_england_2018_sections_1-5

Monitoring and control

At every Council meeting the Budget is monitored and explanations for any amounts under or over expenditure are discussed.  Also, expenditure can only be approved at full Council meetings.  The Council’s finances are audited annually both internally (an independent official nominated by the Council) and externally (by auditors appointed by the Government’s Audit Commission).

Income and Expenditure

I & E March 2019


BUDGET INFORMATION

Year ending March 2020

This is the Approved BUDGET for 2019-2020

Year ending March 2019

Budget 2018/19


AUDIT INFORMATION

Year Ending March 2018

Annual Return Notice 2018

Audit Notice

Summary of Electors’ Rights

Annual Governance and Accountability Return 2017/18 Part 3 (including Internal Audit Report) – please note the Accounting Statement is unaudited by the External Auditors

Bank Reconciliation

Explanation of Significant Variances

Payments Made

Asset Register

Budget 2017/18

Year Ending March 2017

Notice of Conclusion of Audit

External Audit Report  – if you wish to inspect the original document please contact the Clerk

Audit Notice

Summary of Electors Rights

 Governance Statement  – if you wish to inspect the original document please contact the Clerk

Accounting Statement  – if you wish to inspect the original document please contact the Clerk

Bank Reconciliation

Explanation of Significant Variances

Payments Made

Internal Audit Report

Asset Register

Budget 2016/2017

Year Ending March 2016

Notice of Conclusion of Audit

External Auditor Certificate and Report  – if you wish to inspect the original document please contact the Clerk

Audit Notice

Summary of Electors Rights

Governance Statement  – if you wish to inspect the original document please contact the Clerk

Accounting Statement   – if you wish to inspect the original document please contact the Clerk

Bank Reconciliation

Explanation of Significant Variances

Payments Made

Internal Audit Report

Asset Register

Year Ending March 2015

Annual Return Notice

Accounting Statement  – if you wish to inspect the original document please contact the Clerk

Annual Governance Statement  – if you wish to inspect the original document please contact the Clerk

External Audit Report  – if you wish to inspect the original document please contact the Clerk

Neighbourhood Fund Annual Monitoring Report


GRANTS

Grants are awarded in accordance with our Community Grant Policy

All applicants must complete our Community Grant Application Form

Grants March 2018


CONTRACTS

The following document details contracts awarded

Contracts Awarded March 2016


OTHER INFORMATION

Financial Regulations May 2018

Risk Management Scheme 2018

Statement of Internal Control Year Ending March 2018