Finance

Budget

The budget is an essential tool for controlling the Council’s finances. The budget provides us with the confidence to ensure sufficient income is available throughout the year to pay for any services and expenditure for any planned projects. By checking our spending against the budget plan, the council controls its finances during the course of the financial year and makes progress towards what we wish to achieve.

What is the precept?

The Parish Council has to apply to Swindon Borough Council each year for its Precept.

The Precept is the money which is given to the Parish Council to run all Council business. A percentage of the council tax which is paid by residents is based upon the amount of Precept requested by the Parish Council.

What other income is received?

The other income received by the Parish Council is from Roundabout Advertising Income, any grants received for specific projects, and bank interest.

What does the Council spend its money on?

From all income received, the Parish Council then has to pay for things like insurance, maintenance, playparks, grass cutting for all open spaces, parish maintenance, play areas, emptying of the litter and dog bins, audit fees and staff salaries. With any money left over which the Parish Council can accrue, this will then be spent on costs associated with other projects being undertaken.

When is the budget approved?

The Parish Council approves the budget at its meeting in January of each year, below is the most recent budget signed off by the Parish Council – 16th January 2024.

Budget 2024_2025

Procurement Information

The Parish Council is required to publish details of every invitation to tender for contracts to provide goods and/or services with a value that exceeds £25,000. Publish details of any contract, commissioned activity, purchase order, framework agreement and any other legally enforceable agreement with a value that exceeds £25,000.

Contract Specification Summaries

The Parish Council are internally and externally audited yearly, the auditors being used for 2023-2024 are Fair Account and PKF Littlejohn.

Year End 31st March 2024

RFO-Declaration-2023-2024

Year End 31st March 2023