Financial Information

Annual Returns

Daventry Town Council is required, in accordance with the Accounts and Audit Regulations, to complete an Annual Return setting out Accounting Statements and an Annual Governance Statement for each financial year. These statements and their supporting documentation are audited by the Council's Internal Auditor and an External Auditor.

Annual Return 2018/19

The Annual Return, as published is yet to be reviewed by the appointed auditor, and may be subject to change.

Annual Return 2017-18

Annual Return 2016-17

Precept

The Precept is that element of your Council Tax that is paid to Daventry Town Council. Each year, the Council draws up budgets and calculates how much money it needs for the next Financial Year. These are then submitted to Daventry District Council.

For the Council Year 2019/2020

Daventry residents contributed, on average, £1.26 per week.

Precept and Budget details can be seen in the documents below

Additional details of Daventry Town Council's budget for the financial year 2019/20 are available from the office.

Members Allowances and Expenses

Daventry Town Council has voted against awarding allowances to its members, but members are reimbursed expenditure incurred whilst on Council business.

The Mayor receives an annual allowance of £3000 to facilitate Mayoral/Civic duties.

Community Infrastructure Levy

Daventry District Council (DDC – the Charging Authority) introduced it's CIL charging schedule on the 1st September 2015. Regulation 62A of the Community Infrastructure Regulations 2010 (as amended) (CIL Regulations) requires the Daventry Town Council produce an annual report for each financial year setting out the amount of CIL receipts received: spending of CIL receipts; and the amount of CIL retained by the Council for future spend.

Financial Risk Assesments

Risk is the threat that an event or action will adversely affect an organisations ability to achieve its objectives and to successfully execute its strategies. Risk management is the process by which risks are identified, evaluated and controlled. It is a key element of the framework of governance together with community focus, structures and processes, standards of conduct and service delivery arrangements.

This document has been produced to enable the Town Council to assess the risks that it faces and satisfy itself that it has taken adequate steps to minimise them. The Council is aware although some risks can never be eliminated fully, it has in place a strategy that provides a structured, systematic and focused approach to managing risk which:

  • Identifies the key risks facing the Council
  • Identifies what the risk may be
  • Identifies the level of risk
  • Evaluates the management and control of the risk and records findings
  • Reviews, assesses and revises procedures if required.

Community Grants

Daventry Town Council work in partnership with key local organisations to support some key community services:

  • Police - CCTV for crime prevention and community safety
  • DACT - Daventry Town Dial-A-Ride
  • Daventry District Council - Community Allotments
  • Daventry Community Association - Community Building/Hall

Daventry Town Council also awards grants of up to £1000 to voluntary organisations established for the benefit of the Daventry community.

If you are a local voluntary organisation, email: administrator@daventrytowncouncil.gov.uk or pop into the town council offices and pick up an application form.

Financial Regulations

Expenditure over £250

Pay Multiples

The Council is required by the Government's Transparency Code (2015) to publish its Pay Multiple. This is the ratio of the taxable earnings of the highest paid officer in relation to the median taxable earnings of all staff.

The Pay Multiple for Daventry Town Council as at 31st March 2019 is 1.57:1

There are no officers employed by Daventry Town Council whose taxable salary is in excess of £50,000 therefore no additional information on salaries is required under the Code.