The financial year for the Parish Council is between 1st April and 31st March. The budget is set in December and precept agreed for the following financial year. The Council's accounts are audited twice, once by an internal auditor and then by a Government appointed external auditor.
The financial regulations govern the conduct of financial management by the Council. They ensure that the Parish Council has an adequate and effective financial system of control, and demonstrate how the Council meets its responsibilities in the exercise of its functions.