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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 audited annual returns for 2012 - 2018

Annual return for 2017/18 and notice of conclusion of audit

The annual return for 2017/18 has been agreed by the Council and has been audited. The notice of  conclusion of audit was received in October 2018. 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." 

Click on the documents below to access the audited annual returns for the previous five years.  Annual return for 2017-18 The audit of the Annual return for 2017/18 takes place during Summer 2018. The notice of Conclusion of Audit and the Auditors Certificate will be included here once received. Click below for the unaudited Accounting Statements, a copy of the Council's Annual Governance...
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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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