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.