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Tel: 01455 699618

Email: osbastonpc@gmail.com

Osbaston Parish Council

Managing Finances at Osbaston Parish Council


Osbaston Parish Council is committed to openness and transparency in managing its finances. Financial matters are regularly monitored by the Parish Clerk and reviewed at Council meetings. To ensure compliance with legislation, the Council also appoints an internal auditor annually to provide additional scrutiny.

Council Income and the Precept

 

Each January, the Council agrees on its budget and demands a precept to Hinckley and Bosworth Borough Council. This precept forms the majority of the Council's income and is collected as part of the Council Tax. The precept is the difference between the council's estimated income and its anticipated spending. Additional income comes in the form of grants for specific projects, VAT reclaims, and bank interest.

The Council Budget


Under the Local Government Finance Act 1992, Osbaston Parish Council must prepare an annual budget. A carefully planned budget is crucial for managing the Council’s finances effectively, ensuring that sufficient income is available throughout the year to fund services and projects. This budget also helps determine the annual precept which is the difference between the council's estimated income and its anticipated spending.

To view the adopted budget for this financial year, please click here - Osbaston Parish Council - Agreed Budget 2024–2025

Budget Monitoring

The budget monitoring sheet is prepared and present to Council to provide a clear and concise overview of the Council's financial activity throughout the financial year. It is designed to assist in tracking actual expenditure and income against the agreed budget, ensuring transparency and effective financial management.

Regular monitoring of this document allows the Council to make well-informed decisions, identify potential savings or overspending, and uphold accountability to the community it serves.

 

Budget Monitoring Sheet 2024-25- End of Q3

Financial Statements - 2024 - 2025

 

File NameLast ModifiedFile Size
1 Financial Statement March 2024 April 24.pdf21 January 2025560kB
2 Financial Statement May 2024 Aug 2024.pdf21 January 2025571kB
3 Financial Statement September 2024 November 24.pdf21 January 2025568kB

Financial Statements - 2023 - 2024

 

File NameLast ModifiedFile Size
1 Financial Statement March 2023 April 2023.pdf21 January 2025561kB
2 Financial Statement April 2023 August 2023.pdf21 January 2025556kB
3 Financial Statement September 2023 November 2023.pdf21 January 2025562kB
4 Financial Statement December 2023 February 2024.pdf21 January 2025565kB

Financial Statements - 2022 - 2023

 

File NameLast ModifiedFile Size
1 Financial Statement March 2022 April 2022.pdf21 January 2025582kB
2 Financial Statement May 2022 June 2022.pdf21 January 2025579kB
3 Financial Statement July 2022 August 2022.pdf21 January 2025560kB
4 Financial Statement September 2022 November 2022.pdf21 January 2025548kB
5 Financial Statement December 2022 February 2023.pdf21 January 2025559kB

Financial Statements - 2021 - 2022

 

File NameLast ModifiedFile Size
1 Financial Statement April 2021 May 2021.pdf21 January 2025566kB
2 Financial Statement June 2021 August 2021.pdf21 January 2025590kB
3 Financial Statement September 2021 November 2021.pdf21 January 2025570kB
4 Financial Statement December 2021 February 2022.pdf21 January 2025569kB
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