2017/18 BUDGET AND EXPENDITURE

The Town Council pays for services and responsibilities through their budget.  This is made up, in the main, from the precept paid by the council tax-payers of Prudhoe, in addition to income from sponsorship and events, burial fees, the reclaim of VAT, grants and any balances from the previous year.

A summary of the 2017/18 Budget is shown below; the pie-chart offers a helpful illustration as to where money is expected to be spent:

(click on the image to open in PDF format)

Please note that the budget has changed slightly since it was set on 25th January 2017.  A more detailed statement is shown below:

(click on the image to open in PDF format)

COMPARING 2017/18 WITH 2016/17

You can also see how this year's budget compares to spending last year in the graph below:

(click on the image to open in PDF format)


Below you can view the Budget and Expenditure spreadsheet as a working document; this is updated regularly and uploaded monthly.

BUDGET & EXPENDITURE 2017/18 (this will be uploaded when spending progresses)

SPENDING

The council must publish details of each individual item of expenditure that exceeds £500.  The council publish all accounts on a monthly basis and the details can be found below:

APRIL              MAY               JUNE               JULY

SEPTEMBER   OCTOBER     NOVEMBER    DECEMBER

JANUARY        FEBRUARY    MARCH

 

EXTERNAL AUDIT - ANNUAL GOVERNANCE AND AUDIT REVIEW

It is usual for the Town Council to have its end of year audit signed off by 30th September, this year, due to there being a newly appointed external auditor, this has not been possible and at the moment we have a limited assurance review.  As soon as available we will update the website with a fully completed review.

The External Auditor is:

PKF Littlejohn LLP

1 Westferry Circus

Canary Wharf

London

E14 4HD

www.pkf-littlejohn.com

The council completes an external audit each year, in June, for the previous year.  In simple terms this looks at movements of money from one year to another, balances carried forward and assets.  Additionally, any significant changes in spending have to be explained.  You can download all reports relating to both the internal and the external audit below:

2017/18 Annual Governance and Annual Review, section 1 and 2

2017/18 AGAR Section 3 - Limited Assurance Review

Annual Internal Audit Report 2017/18

Summary of Variances 2017/18

ASSETS REGISTER 2018

 

 

58 Front Street The Spetchells Centre Prudhoe Northumberland NE42 5AA Tel: (01661) 835487 email: prudhoetc@hotmail.com
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