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BUDGET AND ACCOUNTS

A FINANCIAL REPORT is presented to the Parish Council each month. Parish councillors receive a monthly breakdown of all income (receipts) together with details of the expenditure (payments) and expenses; and a copy of the review of spending against the Parish Council’s agreed budget. This provides councillors with an assurance that their spending plans are proceeding as hoped, or with information about areas where spending is higher or lower than anticipated. The agreed budget figures showing how the Parish Council will utilise the budget for the next financial year which runs from 1st April 2021 are attached below. ScottishPower Renewables pays money [£9,701 in 2020] into a wind turbine fund managed by the council and distributed for local projects and regeneration (community benefits). All parish councillors in Lynemouth are unpaid and no remuneration is received by any of the members, who give their time freely in an effort to contribute to the well-being of their community.

BUDGET 2021/2022
BUDGET 2021/2022
APPROVED ON 2ND DECEMBER 2020
EXTERNAL AUDITOR REPORT
EXTERNAL AUDITOR REPORT
The external audit for the year ended 31st March 2020 was completed on 19th November 2020 and a copy of the Notice of conclusion of audit was published on the website and posted in the main notice board in line with the statutory requirements. On the basis of the auditor's review of the Annual Governance and Accountability Return (AGAR), the information in the AGAR was in accordance with proper practices and there were no matters giving cause for concern regarding relevant legislation and regulatory requirements. There were no other matters to draw to the attention of the council.

PARISH PRECEPT FROZEN FOR 2021/2022
THE PARISH COUNCIL'S RESOURCES are wholly derived from public funds, i.e. the tax levied from residents (the precept) and councillors considered what the financial needs will be for the financial year 2021/2022 and decided that the current tax levied from residents (the precept) shall remain £31,000 this year to maintain the plan of community priorities and to develop several future projects to improve the village. Members did not wish to put an additional burden on local people and this actually means a saving for residents.

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