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 first Notice of Public Rights for the provisional Annual Governance & Accountability Return for 2018/19 is published here following approval at the Council meeting on 15th May 2019.
The audited accounts and the second Notice of Public Rights are expected to be published from August/September 2019 subject to return dates by the External Auditors.
Below are a list of the Internal Auditors quarterly reports:
February – March 18 included in the Annual Return 31 March 2018
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:
For more information on any finance related matters please contact: