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Sunday, November 17, 2019

Radstock Town CouncilWelcome to Our Website

Accounts and finance

Accounts and finance

The Town Council aims to be transparent and open in all its dealings and transactions.

This page will provide you with important information about the Council's finances. For futher information click below;

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Accounts

The Council produces statements of accounts each year which are published here.

For futher information, click below

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Audit

The Town Council is regularly audited by both a Council appointed auditor and an external auditor, appointed by the Audit Commission.

The Annual Return and audit reports can be found by clicking below

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CIL Funding

The Community Infrastructure Levy (CIL) is a charge that local authorities can set on new development in order to raise funds to help fund the infrastructure, facilities and services - such as schools or transport improvements - which are needed to support new homes and businesses in the areas.

For more information click below:

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Precept

Each year the Town Council calculates the money it needs to provide its services. Then it deducts the income it expects to receive from fees and charges such as rents and grants.  This leaves the required amount to spend on services and any capital projects which are planned for the year ahead.

The precept is the amount it levies on the Unitary Council (Bath and NE Somerset Council).  It is collected by them as a proportion of the total Council Tax paid by Radstock households. 

For futher information click below:

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Financial regulations

The Council has to comply with the law in administering its finances. The ‘rules’ which are officially called Financial Regulations are available to download. They are subject to regular review.

Finance Regulations - Adopted 18 January 2016