Finance
Annual Precept
Every year in February, Fair Oak & Horton Heath Parish Council agrees on its budget and sets its ‘precept’ for the forthcoming year at a meeting of the Full Council. The precept is the Council Tax which is raised and spent by Eastleigh Borough Council to fund the services it provides. Fair Oak & Horton Heath Parish Council does not receive funding from Central Government, nor does it receive any rates from local businesses. For 2023/24, the precept is £49 5019.00 with £110.36 per Band D property. This is a 3.5% increase from the previous year, resulting in a weekly increase of a 7p per week per Band D property.
Financial Regulations
Financial Regulations set out the framework within which the Parish Council ensures responsible and sustainable management of the Council's finances.
These regulations are reviewed annually by the Finance Committee. Any amendments or variations to the Regulations can only be resolved by Full Council.
View the latest Parish Council Financial Regulations 2022.
Financial Management Risk Assessment
This document has been produced to enable the Parish Council to assess the risks it faces and satisfy itself that it has taken adequate steps to minimise and mitigate them.
Based on this recorded assessment, the Parish Council will take all practical and necessary steps to reduce or eliminate the risks, insofar as is practicably possible.
These regulations are reviewed annually by the Finance Committee. Any amendments or variations to the Regulations can only be resolved by Full Council.
View the latest Parish Council Financial Management Risk Assessment 2022/23
Annual Return
Each year the Parish Council is required to complete and submit an Annual Governance and Accountability Return to its External Auditor. The public have a right to view the Unaudited Submission of the Annual Accounts as well as the Completed Audited Accounts. Please see below for relevant links to 'Notice of public rights and publication of unaudited Annual Governance and Accountability Return' and the 'Notice of Conclusion of Audit below for the access dates.
Internal Audit Report
View the Internal Audit Report 2021/2022
Full Accounts Report for 2021/22 and Asset Register 2021/22
View the Full Accounts Report and Asset Register for 2021/22
Notice of Conclusion of External Audit
View the Conclusion of External Audit & Public Notice 2021/2022
Notice of public rights and publication of unaudited Annual Governance and Accountability Return
View the Notice of Public Rights and the Unaudited Annual Governance & Accountability Return 2021/22.
Payments Over £500
The Local Government Transparency Code (May 2016) recommended that each Town and Parish Council publish information relating to items of expenditure exceeding £500 on a quarterly basis. View the latest report.
All signatures have been redacted from Annual Governance and Accountability Return in accordance with the Parish Council GDPR Policy. If you would like to view the unredacted document you may do so as detailed in our Publication Scheme.
Please refer to our Past Reports page to view records from the last 5 years.