The Finance Committee

The Finance Committee has 4 members including the RFO.

Membership is decided at the Annual Parish Council Meeting each year. 

The Committee is empowered to: 

• Propose the annual Precept to full Council, having considered any proposals put forward by other committees or Working Parties
• To draft tender documents (following the Policy for Appointment and Management of Contractors and the Financial Regulations) and present to full Council
• Undertake an annual review of effectiveness of internal controls
• Consider how to increase the Council’s income, including an annual review of all rents to be complete by the time of setting the Precept for the next year
• Investigate alternative funding sources such as grants
• Keep under review value for money in all areas of the Council’s spend and make recommendations to Council about necessary changes
• Review according to the schedule those policies and procedures delegated to the committee by the full Council
• Review according to the schedule the risk register, financial risk assessments and any non-financial risk assessments delegated to it by full Council
• Review in conjunction with the Clerk the council’s insurance arrangements, ensuring that the property and risks are adequately insured
• Review the Asset Register annually to ensure it is kept up-to-date
• Keep the Council’s governance arrangements under review to ensure it continues to follow good practice.