How Local Council finance works

The Parish Council is primarily funded through a levy on the council tax applied by Peterborough City Council. This levy is called the 'precept'.

Every year the Council has to budget its costs for the following year, and from that budget request an appropriate precept from Peterborough City Council.

In England and Wales the council tax paid by all households is made up of several elements to pay for services provided by county council, district council (in Peterborough these are combined in the city council), police, etc. The precept is the element charged by your local or parish council and is collected on its behalf as part of the overall council tax demand.

Please see the budget/precept for 2024/25 agreed by the Parish Council at their meeting on 7/11/23.

 Budget and precept details 24/25

 

 

Local Council account auditing

Soon after 31 March each year, the previous year’s accounts must be prepared and submitted for audit. A detailed inspection is carried out by an Internal Auditor. The Annual Return, a summary of key figures compared with the previous year, is then submitted for an External Audit carried out on behalf of the Audit Commission.

The name and address of the External Auditor is PKF Littlejohn LLP, 15 Westferry Circus, Canary Wharf, London E14 4HD