Financial Information
The conduct of the Parish Council’s financial affairs is governed by our Financial Regulations.
These Cover:
Role and responsibilities of the Parish Clerk as Responsible Financial Officer (RFO)
Annual Budgets
Budgetary Control
Accounting and Audit
Banking Arrangements and Procedures
Payment of Accounts
Payment of Salaries
VAT returns
Reviewing tenders
Monitoring income
Investments and Loans
Ordering Procedures
Insurance
Guidance on Reserves
Periodic Revision of Financial Regulations
Managing grant funding.
The precept is set by the Parish Council but collected from residents through council tax payments from Reigate and Banstead Borough Council.
Councillors agreed to increase the precept for 2025/26 to £48,997.20 to cover all the costs for running the Parish Council which have increased.
This means a Band D average house hold pays £33.06 which is £0.96 per annum increase compared to the previous financial year. This is an 5% precept increase but our reserves are allocated for specific purposes.
The Parish Council has lots of plans for the environment, village hall, recreation, health and wellbeing and long-term plans for a parish centre. We need to keep high reserves for planning and aviation matters as we continue to protect our villages.
Each year the Parish Council sets an approved budget and this is closely monitored throughout the year.
The Parish Council receives Community Infrastructure Levy (CIL) funding from new residential and retail development in the parish. Click on link below to review how we have spent the funding received to date: -
