Updated financial reports for Sandgate Parish Council for February 2022, and the financial year 2021-22 to date.
Payment and Receipts Summary
Summary-of-receipts-and-payment-Feb-2022Receipts in Month
Receipts-for-Feb-2022Payments in Month
payments-list-for-Feb-2022Reserve Balances
Reserves-list-Feb-2022VAT Summary
VAT-summary-Feb-2022Bank Reconciliation
Bank-rec-Feb-2022Previous Sandgate Parish Council Resources Committee Agendas, Minutes and Financial Reports.
Sandgate Parish Council uses (the excellent) Scribe Accounts to manage our Council accounts and generate reports.
Sandgate Parish Council’s finances are governed by our Financial Regulations and Standing Orders, and every Town and Parish Council has similar rules. Because those rules govern our financial management, we can only amend or vary them by a Council resolution.
The Council’s Standing Orders require quarterly reporting of receipts, payments and balances. For instance, they say at 17.c:
The Responsible Financial Officer shall supply to each councillor as soon as practicable after 30 June, 30 September and 31 December in each year a statement to summarise:
i. the council’s receipts and payments for each quarter;
ii. the council’s aggregate receipts and payments for the year to date;
iii. the balances held at the end of the quarter being reported
and which includes a comparison with the budget for the financial year and highlights any actual or potential overspends.
We are seeking from 2022 to publish our reports update monthly to exceed that requirement. Consequently we will consider the reports at the next Parish Council Resources Committee meeting.