The Town Council is required to make arrangements for the proper administration of its financial affairs and to ensure that one officer is responsible for the administration of those affairs. This requirement is detailed in the Local Government Act 1972 (s.151). At Knowsley Town Council, the Clerk holds the post of “responsible financial officer”. This arrangement is similar to that in most town and parish councils.
The Town Council is responsible for ensuring that its financial management is both adequate and effective. This process of management includes a sound system of internal control that includes arrangements for the management of risk. The Town Council conducts an annual review of the effectiveness of internal control and this document is available for public scrutiny.
The Town Council maintains accounts and supporting records in accordance with the appropriate legislation and national guidelines. These accounts are available for public scrutiny.
The Town Council’s financial year runs from 1 April to 31 March. A budget is set for the financial year and regular reports are submitted to Town Council meetings in order that councillors can scrutinise the Town Council’s financial position. These reports are available for public scrutiny.
At the end of the financial year, a Statement of Accounts is produced for consideration by councillors. Following this consideration, the Statement of Accounts and supporting documentation are sent to the nationally selected auditors for analysis. This documentation is referred to as the “Annual Return” and the Town Council’s auditors are selected by Government. The Annual Return is also subject to public scrutiny.
The Town Council prides itself on prudent and efficient financial management. This has enabled the Town Council to keep fees and charges down and administer a concessionary scheme for local groups. In addition, efficient management of financial resources has enabled the Town Council to undertake an ongoing programme of refurbishment at its three indoor facilities in addition to improvements in public open spaces.
The healthy Council financial situation is based upon cheques and balances
On the 18th May 2023, Knowsley Town Council approved Section 1 (Annual Governance Statement) of the Annual Return for the Year Ended 31 March 2023 and approved Section 2 (Accounting Statement) of the Annual Return for the Year Ended 31 March 2023. Please see attached for External Auditor Report and Certificate 2022/23 Section 1 - Annual Governance Statement 2022/23 Section 2 Accounting Statements... read more »
Here you will find authorised expenditure by Knowsley Town Council. PUBLIC NOTICE KNOWSLEY TOWN COUNCIL Report of the Independent Remuneration Panel (2023) Knowsley Town Council has received a copy of the report of the Independent Remuneration Panel in respect of the payment of Parish Basic Allowance and Chairman’s Allowance. The Panel noted that... read more »
Knowsley Town Council’s General Purposes and Community Grants Committee met on 9 November 2022. The Committee carried out a review of the Fees and Charges for the hire of Knowsley Town Council facilities for the year. The Town Council is committed to providing affordable facilities for the benefit of the residents of the township and therefore resolved to continue with... read more »
The Statement Of Accounts is a statutory document that the Town Council needs to complete in accordance with Government imposed deadlines. The Statement Of Accounts is produced on an annual basis and is usually considered by the Town Council at either its May or June Meetings. read more »
Town Council Precept 3% Raise In the Town Council Precept in 2023/2024 Knowsley Town Council – Financial Information. Knowsley Town Council leases several public open spaces from Knowsley Metropolitan Borough Council and is responsible for the repair and maintenance of a children’s play area and a Multi-Use Games Area (MUGA) situated in Knowsley Recreation... read more »