Geldeston Parish Council

Financial Information

The Council Tax Precept

The precept is the parish council’s share of the council tax. The precept demand goes to the billing authority, the District Council, which collects the tax for the Parish Council. The 'Precept' is converted into an amount per Council Tax Band that is added onto the Council Tax bill. Income and expenditure for the next financial year are calculated in the form of estimates.

Parish and town councils can apply for other funding such as grant and funding awards, but they do not receive funds direct from central government as principal authorities do.

Parish Council Finances

The Council financial year runs from 1 April to 31 March. The annual budget is agreed by Council in January and this informs how much the annual Precept is set for.

Council submits annual accounts in the form of an Annual Governance and Accountability Return (AGAR) to the external auditor, PKF Littlejohn LLP, 15 Westferry Circus, London, E14 4HD.

All the Councils finances and procedures are fully audited annually by an external party.