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FINANCE

Annual Precept

Every year in January, The Ivers Parish Council agrees its budget and sets its ‘precept’ for the forthcoming year at a meeting of the Full Council. The precept is the element of the Council Tax which is raised and spent by The Ivers Parish Council to fund the services it provides. As a Parish Council, The Ivers Parish Council does not receive any funding from Central Government, nor does it receive any rates from local businesses.

Annual Return

Each year the Council is required to complete and submit to its External Auditor, an Annual Governance and Accountability Return. Once the return has been approved by the External Auditor, it is published on the Council’s website. Please see the links below for previous years’ Annual Governance and Accountability Returns:

The Annual Return 2023/24 includes the Annual Governance Statement and Accounting Statements which have been subject to both Internal and External Audit.  The Internal Audit was performed by IAC Audit & Consultancy Ltd and the External Audit was performed by Kevin Rose ACMA. The External Auditor’s Report and Certificate form part of the Annual Return.

Notice of Conclusion of Audit

The Notice of Conclusion of Audit for the year ended 31 March 2023.

Payments over £500

The Local Government Transparency Code (May 2016) holds that it is recommended practice for parish and town councils to publish information relating to individual items of expenditure exceeding £500 on a quarterly basis. This information will be published following the end of each quarter, a maximum of one month after the quarter to which it relates.

The 2021/22 quarterly statements of individual items of expenditure which exceeded £500.

The 2022/23 quarterly statements of individual items of expenditure which exceeded £500.

The 2023/24 quarterly statements of individual items of expenditure which exceeded £500.

Community Infrastructure Levy

The Community Infrastructure Levy (CIL) is a charge which can be levied by local authorities on new developments in their constituencies to help them deliver the infrastructure provision needed to support these areas. In accordance with Regulations 59A and 59B of the Community Infrastructure Levy (Amendment) (England) (No. 2) Regulations 2019, Buckinghamshire Council, as the local authority, must pay 15% of the levy collected to the relevant parish council.

The Ivers Parish Council must use the receipts passed to it by Buckinghamshire Council to support the development of the parish council’s area by funding the provision, improvement, replacement, operation or maintenance of infrastructure. Regulation 121B requires a parish council to prepare an annual report for any financial year in which it receives CIL receipts. The CIL report for 2023/24. 

For all finance queries please contact us by email: office@iversparishcouncil.gov.uk  Tel: 01753655331