Finance
Annual Precept (2024 - 2025)
Every year in December, 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 portion of your Council Tax bill which is raised by Eastleigh Borough Council, to fund the services that the Parish Council supplies.
Fair Oak & Horton Heath Parish Council does not receive funding from Central Government, nor does it receive any rates from local businesses. For 2024/25, the precept is £503 338.00 with £117.20 per Band D property. This is a 6.2% increase from the previous year, resulting in a weekly increase of 13p per week per Band D property.
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 quarterly. View the latest report. (1 June-30 September 2024)
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 the Full Council.
View the current Parish Council Financial Regulations 2024. (review July 2025)
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 the Full Council.
View the current Parish Council Financial Management Risk Assessment 2024/25 (review July 2025)
All signatures have been redacted from the Annual Governance and Accountability Return in accordance with the Parish Council GDPR Policy. If you want to view the unredacted document you may do so as detailed in our current Publication Scheme. (review July 2025)
Audit Period 1 April 2023 - 31 March 2024
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 2023/2024
Full Accounts Report
View the Final Accounts Report and Asset Register for 2023/24
Audit Timetable
View the Audit Timetable for 2023/24
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 2023/24
Notice of Conclusion of External Audit
View the Conclusion of External Audit & Public Notice 2023/24
Please refer to our Past Reports Page to view records for financial year 1 April 2023 - 31 March 2024 and the previous 5 years.