Finance



Latest News
GREEN LIGHT FOR ASHINGTON JUNIOR PARKRUN AS COUNCIL DELIVERS START-UP FUNDING

Ashington Town Council is delighted to confirm that it has approved funding of £4,300 towards the establishment of a junior parkrun in Ashington — a free, weekly, volunteer-led 2km run for children aged 4 to 14.

The decision, made unanimously by the Council’s Finance & General Services Committee, means the full £4,800 start-up cost is now in place, with the Council having already committed £500 earlier in the year. Councillors were united in their enthusiasm for the project, describing it as a lasting investment in the health and happiness of the town’s young people, following recommendation by the Council’s Youth Advosiry Committee.


Click to Read More

Budget And Expenditure 2023/24

Ashington Town Council pays for services and responsibilities through their budget. This is made up, in the main, from the precept paid by the council taxpayers of Ashington, in addition to a small income from allotments, the reclaim of VAT, grants and any balances from the previous year.

The Town Council begins the process of setting its budget in November, a draft is presented to a January budget meeting and at this time the budget is set, and the precept demand agreed.  The precept demand is the money collected by Northumberland County Council, from the council taxpayers of Ashington, on behalf of Ashington Town Council.  The Town Council receives this money in 2 instalments over the financial year.

As well as budgeted spending, the Town Council does hold money in a contingency heading, to cope in the event of the unknown.  Additionally, it is the Council’s aim to increase its Asset Reserve Fund to ensure its assets are properly maintained and developed in the future. We have an agreed Asset Reserve Fund for this purpose.

Local Councils have few Statutory Duties but many Specific Powers.  Statutory Duties set out what a council MUST do, mostly because of having the power to raise a precept or more specific legislative requirements as a public body.  Legislation permits, but does not impose, a greater range of specific powers and allows local councils the freedom to choose the discretionary services they wish to exercise.

Ashington Town Council does not have a statutory duty to carry out many of the activities supported by its Budget (other than the ‘duty’ to provide allotments), however the Town Council does have the ‘power’ to spend money as detailed in the ‘Powers and Duties’ list decreed by Government.

Every item of expenditure authorised by the council must be supported by a statutory power of expenditure.  Each month a payment schedule is produced and presented to the Finance and General Services Committee which details the relevant power.  The payment schedule for each month is available to view, along with the updated Budget & Expenditure.

If you have any questions about the financial governance of the council, our budget, or specific spending throughout the year, please feel free to contact us.
 

Schedule of Accounts
JANUARY


Archived Budget & Expenditure







Finance



Latest News
GREEN LIGHT FOR ASHINGTON JUNIOR PARKRUN AS COUNCIL DELIVERS START-UP FUNDING

Ashington Town Council is delighted to confirm that it has approved funding of £4,300 towards the establishment of a junior parkrun in Ashington — a free, weekly, volunteer-led 2km run for children aged 4 to 14.

The decision, made unanimously by the Council’s Finance & General Services Committee, means the full £4,800 start-up cost is now in place, with the Council having already committed £500 earlier in the year. Councillors were united in their enthusiasm for the project, describing it as a lasting investment in the health and happiness of the town’s young people, following recommendation by the Council’s Youth Advosiry Committee.


Click to Read More








© Ashington Town Council. All rights reserved | Website by Widescope – Town & Parish council website design support