The Parish Council income comes from:
The precept set by the Parish Council which is an additional amount added to the council tax for each household and collected on the Parish Council’s behalf by Cornwall Council.
- A Council Tax Support Grant set by Cornwall Council
- A Local Maintenance Partnership (LMP) grant from Cornwall Council for the maintenance of footpaths and bridleways
- A portion of the Community Infrastructure Levy (CIL) paid to Cornwall Council by developers on new developments within the parish. See https://www.cornwall.gov.uk/media/40812137/cil-guidance-for-town-and-parish-councils-final.pdf for details of how the CIL funds parish councils.
The Parish Council sets a budget in December for the following year.
The main items of expenditure are the staff costs for the Parish Clerk, the contracts for footpath and bridleway maintenance, the costs for new assets (e.g., a bus shelter), the maintenance and repair of existing assets, and any grants to parish community organisations.
All expenditure is authorised in the monthly minutes of Council meetings and audited. In addition, there is expenditure on items such as:
- The provision of Parish Christmas trees
- Notice Boards
The Parish Council accounts are audited internally twice a year by appointed councillors.
The audited accounts are then submitted to an external audit made by the Audit Commission and signed off by their appointed auditor.