MPC Accounts & Budgets
The Parish Council accounts are entered on a fully authorised software package, specifically aimed at Parish Councils, and this is maintained by the Parish Clerk acting as the Responsible Financial Officer. A breakdown of the monthly income and expenditure together the monthly bank reconciliation is provide to Councillors at the Full Council meeting or as soon after as possible. Expenditure over £100 must be made available for parishioners to view (Transparency Details - Marden Parish Council - Marden Parish Council, Marden, Tonbridge (mardenkent-pc.gov.uk)).
The Parish Council has two accounts for the day to day income and expenditure (reserve accounts) with Nat West and Unity Bank. It also has one account for capital expenditure (Santander).
The Finance Committee of Marden Parish Council meets quarterly (unless an urgent item is requiring decision/recommendation).
Quarter 1: Cllrs meet in July to review the first Quarter's Income and Expenditure & Budget
Quarter 2: Cllrs meet in October/November to review the second Quarter's Income and Expenditure & Budget and to start looking at the draft budget for the following financial year
Quarter 3: Cllrs meet in January to review the third Quarter's Income and Expenditure & Budget and proposing to Full Council the recommendation for the budget and precept for the following financial year.
Quarter 4/End of Year: Cllrs meet in April to finalise the previous year's Income and Expenditure and agree figures to be presented to Full Council and completion of the External Audit (AGAR).
Cllrs also discuss the Four Year Financial Business Plan, Policies and Risk Assessments at these meetings.