Key financial documents relating to the year ending 31 March 2020:
Budget for 2019-20
Key financial documents relating to the year ending 31 March 2019:
PLEASE NOTE THAT THE ACCOUNTING STATEMENTS ARE AS YET UNAUDITED.
Internal auditor's report
Year-end bank reconciliation
Explanation of significant variances
Expenditure sums in excess of £500
Annual return documents relating to previous years can be obtained from the Town Council offices.
Our financial year runs from 1 April to 31 March. We agree an annual budget in January each year and also decide how much the annual Precept* should be set at. We submit our annual accounts in the form of an Annual Governance and Accountability Return (AGAR) to the external auditor.
* The Town Council is empowered to raise money for its activities through a tax (the Precept) on the Town's residents which is collected on their behalf by The Borough Council of King's Lynn and West Norfolk, as an addition to the Borough and County Council Tax. This is then paid to the Town Council in two equal instalments.