Council Finance
The majority of the Town Council’s income comes from the precept, which is collected by East Suffolk Council as part of the council tax. The Council receives no funding from local business rates nor funding directly from central government.
Felixstowe Town Council voted for a 5.54% increase cost to Band D Equivalent Council Tax Payers for the financial year 2024/25, increasing the total cost of £74.80 for the year.
For the financial year 2024/25 the total precept is £664,727.
An information sheet based on figures from 2023/24 showing just how Felixstowe Town Council uses its portion of the local council tax is available here: Where does the Council Tax Go?
Community Infrastructure Levy (CIL):
The Town Council receives a portion of CIL receipts from East Suffolk Council. In accordance with CIL Regulation 62a, the Town Council publishes a report (no later than 31 December annually) on CIL receipts received, details of any CIL expenditure and the total CIL balance held following the reported year. You can view the 2023-24 CIL Annual Report HERE
The Council also receives some income from the services it provides such as the allotments, cemetery, Town Hall and Walton Community Hall as well as any sponsorship it receives for Felixstowe in Flower or other events or projects. For more information on Council’s services click here.
Council’s annual budget gives an estimated detail of income and expenditure for the year and can be seen here. Management of Council’s income and expenditure is delivered through its various Committees, monitored by the Finance & Governance Committee and Council.
Audits
Council submits an Annual Return to its External Auditor each year. Notice has been given that the external audit of the accounts of Felixstowe Town Council for the year 2023-24 was completed on 28 September 2024.
The Council’s external auditors, PKF Littlejohn LLP, have expressed the view that, on the basis of the ire review of Sections 1 and 2 of the Annual Governance and Accountability Return (AGAR), in their opinion, the information is in accordance with proper practices and no matters have come to their attention giving cause for concern that relevant legislation and regulatory requirements have not been met.
In accordance with the Local Audit and Accountability Act 2014 Sections 25, 26 and 27
The Accounts and Audit Regulations 2015 (SI 2015/234) and The Accounts and Audit (Coronavirus) (Amendment) Regulations 2020 (SI 2020/404) the Annual Governance & Accountability Return is available for inspection by local electors and have been published below. See Notice of Completion of Audit 2023-24 here.
The Notice of Publication of the unaudited accounts for the year 2023/24 can be found HERE
The unaudited Annual Governance Statement and Accounability Return for the year ending 31 March 2024 can be found here: HERE
The Balance Sheet for the Year 2023/24 can be found HERE, and for the previous year 2022/23 HERE.
A copy of previous years Annual Return and Audit Report is also available by request.
Annual Governance Statement and Certificate 2023-24
In addition to the annual External Audit, Council commissions a half yearly Internal Audit. Internal Audit reports are published below and reported to the next available Finance & General Purposes Committee.
Previous Year
Interim Internal Audit 2023-24
Internal Audit Year End 2022-23
Interim Internal Audit 2022-23
Internal Audit Year End 2021-22
Interim Internal Audit 2021-22
Interim Internal Audit Report 2020-21
Interim Internal Audit Report 2019-20
Year End Internal Audit Report 2018-19
Monthly Financial Reports.
Every month, Council publishes a report of its income and expenditure against budget as well as details of all expenditure over £500.
| PREVIOUS YEARS |
| April 2022 – March 2023 |
| April 2021 – March 2022 |
| April 2020 – March 2021 |
| April 2019 – March 2020 |
| April 2018 – March 2019 |
| April 2017 – March 2018 |
Members Allowances and Expenses