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Finance

Chard Town Council as a public body is responsible for its own finances. It is required to make arrangements for the proper administration of its financial affairs and to ensure that one of its officers has this responsibility. The officer whose job it is to oversee the finances of the Council is referred to as the Responsible Financial Officer (RFO).  Chard Town Council has combined the role of RFO with that of the Town Clerk.

The Council must work within a legal framework that is specified within the Accounts and Audit Regulations and it must ensure that its business is conducted in accordance with the law and proper standards.

Good governance, accountability and transparency are essential and a cornerstone to improving public services. The Council must ensure that public money is safeguarded, properly accounted for and used economically, efficiently and effectively.

Grant Thornton are the Council’s appointed External Auditors with effect from the 2012/2013 audit for a fixed five year period. The Audit Commission will continue to monitor the performance of the external auditors assessing the quality of their work and ensuring they carry it out in compliance with their statutory obligations.

Chard Town Council is also required to appoint an Internal Auditor who will monitor and review the arrangements in place to ensure the proper conduct and effectiveness of its financial affairs. The Council must have an adequate system of internal control and risk management. This review is an integral part of continually improving governance and accountability.

The Council is required to publicly report the outcome of the review of its accounts and also to make its accounting statements and other documents available for public inspection.

If you would like more information about the Council’s financial responsibilities please contact us on 01460 239567.

Annual Return

Every smaller authority in England with an annual turnover of £6.5 million or less must complete an annual return at the end of each financial year in accordance with proper practices summarising its activities. Please click on the link below to view ...
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Budget

The precept for the year 2016/17 was set at £515,341 equating to a local parish precepting charge of £124.04 for Band D properties.   In addition to this SSDC awarded £49,650 as part of the Precept Support Grant, a transitional arrangement th...
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Grants

Community Development Fund Chard Town Council is committed to encouraging community development and aims to work closely with organisations and groups by financially supporting projects that benefit local residents. The Council has a duty to ensure...
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