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Town Council Finance

Abingdon-on-Thames Town Council has responsibility for a range of services carried out for the benefit of the community. The services are described in more detail in the Town Council Services section of this website. The financial objective is to operate these services in an economic and efficient manner so as to ensure they are operating at the lowest sensible cost whilst being effective, and to raise an increasing amount of revenue from sources other than Council Tax, making reasonable charges for services where appropriate.

From September each year work is carried out to identify the issues that are likely to face the Town Council in the coming financial year and a budget setting process takes place. Estimates are prepared by the spending Committees and then considered by the Finance & General Purposes Committee which takes in to account spending priorities and the financing of the budget. A major part of budget setting is to consider the appropriate level of Council Tax for the tax payers of Abingdon; to balance the need to provide sufficient resources in order to deliver excellent services against the wish to keep demands on the Council Tax payer as reasonable as possible.

At the end of the budget setting process the Town Council sets a precept, which is the amount of money that is required from the Council Tax in order to provide the planned services.Capital expenditure for new or improved facilities is funded via the precept, earmarked reserves and grants. 

During the year, all budgets are carefully monitored, with regular financial reports submitted to each spending committee. Internal audit helps to identify areas for improvement in efficiency and are carried out independently,  to ensure impartiality is achieved in accordance with Corporate Governance requirements. The function is independent of the Responsible Financial Officer and is undertaken by Mr Stuart Pollard of Auditing Solutions, Chippenham, Wiltshire.

Annual accounts are produced and approved by members usually in June following the end of the financial year. The Town Council is designated a "smaller relevant body" under the Accounts and Audit (England) Regulations 2011 and produces an annual return accordingly. Click here to see the 2012-13, 2013-14, 2014-15 and 2015-16 audited annual returns.

Annual return for 2015/16 and notice of conclusion of audit

The annual return  for 2015/16 has been agreed by the Council and  has been audited. The notice of  conclusion of audit was received on 26th September 2016. Please click below for details. 

The auditor concluded that "the information in the annual return is in accordance with proper practices and no matters have come to our attention giving cause for concern that relevant legislation and regulatory requirements have not been met." There were no other matters not affecting the audit opinion which the auditors wished to draw to the attention of the Council.

Annual return for 2016/17

The annual return for 2016/17 was agreed by the Council at its meeting on 28th June 2017. It is available for inspection, together with the supporting documentation, from Friday 30th June to Thursday 10th August 2017 at the Council's offices at Roysse Court. Please telephone 01235 522642 or e-mail finance@abingdon.gov.uk if you wish to make an appointment to do so. The Council has also agreed the unaudited financial statements for 2016/17. Please click on the downloads at the foot of this page for relevant documents.

Abingdon-on-Thames Town Council has responsibility for a range of services carried out for the benefit of the community. The services are described in more detail in the Town Council Services section of this website. The financial objective is to operate these services in an economic and efficient manner so as to ensure they are operating at the lowest sensible cost whilst being effective, and to...
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Click on the documents below to access the 2012-13, 2013-14 , 2014-15 and 2015-16 audited annual returns. Annual return for 2016-17 The Annual return for 2016/17 have been agreed by the Council and are currently subject to audit. Click below for the unaudited Accounting Statements, a copy of the Council's Annual Governance Statement and a statement detailing the public's rights in relation to...
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