Financial Information

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 2020/2021

With the successful completion of the transfer of Daventry Market and Welton Road Cemetery from Daventry District Council (DDC) to Daventry Town Council (DTC), DTC have reviewed their budget which has resulted in an increase to the precept for the next financial year, which will mean an additional 7p per week, to the town council's part of council tax for a band D home.

DTC have been working with DDC to secure ownership, management and maintenance at a local level of other key assets and services. The cost of these services has been included within Daventry District Council's "Daventry Town Special Expenses" budget.

Precept and Budget details can be seen in the documents below

Additional details of Daventry Town Council's budget for the financial year 2020/21 are available from the office.

Prior Years Budget and Precept

Details of prior years Budget and Precept

Annual Governance and Accountability 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 2019-2020

The Council's External Auditor is PKF Littlejohn.

Email: sba@pkf-littlejohn.com

Postal Address:

PKF Littlejohn LLP, 1 Westferry Circus, Canary Wharf, LONDON , E14 4HD

Prior Annual Returns

Details of prior years Annual Governance and Accountability Returns.

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.

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.

Financial Regulations

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 and would like more information, please email: rfo@daventrytowncouncil.gov.uk or pop into the town council offices and pick up an application form.

Further information on grants can be found here. Community Grants

Community Infrastructure Levy

Details of Community Infrastructure Levy received and or spent by Daventry Town Council.

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 for the given year (including base salary, variable pay, bonuses, allowances and cash value of an benefits-in-kind) 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 2020 is 1.7:1

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.