Finance

Frome Town Council is open and transparent in all its financial activities and ensures financial management is adequate, effective and has a sound system of internal control. The foundation to achieve this is our Financial Regulations which are reviewed each year. In addition, our expenditure decision making adheres to certain ethical and connected party choices laid out in our Ethical decision Matrix and our Connected Party Declaration form.

The annual budget for the following year is discussed by Councillors and receives final approval at the January council meeting.  After expenditure is agreed and any expected income deducted, it leaves a balance required for the council to provide its services and deliver its Strategic Plan. The balance required is called the ‘Precept’.

The ‘Precept’ is the part of your Council Tax bill that comes to Frome Town Council (for Band D properties in 2019/20 – £154.46). All the Council tax is collected by Mendip District Council and is then distributed between Avon and Somerset Police, Devon and Somerset Fire and Rescue, Somerset County Council, Mendip District Council and Frome Town Council.

For the financial year 2019/2020 Frome Town Council’s ‘Precept’ is £1,343,371. The size of your property determines how much Council Tax you pay. Properties are put into one of eight bands, A being the lowest, and H the highest, with Band D being the average. In 2019/2020 Frome Town Council’s proportion of the whole Council Tax bill for a Band D property is £154.46. This is a slight increase on last year of 7p per week/30p per month.

Details of our 2019/2020 budget can be found here: Frome Town Council 2019/20 Budget

The council receives assurance from Internal (quarterly) and External (annual) auditors that they are carrying out their duties responsibly and that appropriate accounting records have been kept.

The Notice of Conclusion of Audit of the Annual Governance & Accountability Return 2018-19 received from external auditors PKF Littlejohn on 20th August 2019 is available here.

Below are a list of the Internal Auditors quarterly reports:

Internal Auditor 2018-19 Year End March 19

Internal Auditors letter October 18 – January 19

Internal Auditors letter July 18 – September 18

Internal Auditors letter April 18- June 18

February – March 18 included in the Annual Return 31 March 2018

Internal Auditors letter November 17 – January 18

Internal Auditors letter August 17 – October 17

In order to achieve the aim of being open and transparent, to allow residents to see what the council spends its money on, details of payments over £500 to suppliers each month can be found here:

August to September 2019

June to July 2019

May 2019

February 2019 to April 2019

December 2018 to January 2019

October to November 2018

August to September 2018

July 2018

April to June 2018

February to March 2018

October 2017 to January 2018

August to September 2017

For more information on any finance related matters please contact:

Sarah Williams, Responsible Finance Officer – email: swilliams@frometowncouncil.gov.uk or
Hannah Paniccia, Finance Administrator – email: hpaniccia@frometowncouncil.gov.uk.