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 to a zero increase  on the council tax for the financial year 2021/22 keeping the total cost of £70.87 for the year (based on Council Tax Band D rates).

For the financial year 2021/22 the total precept is £601,608.

An information sheet based on figures from 2022/23  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 2020-21 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.

Town Council Budget 2022-23

Town Council Budget 2021-22

Town Council Budget 2020-21

Town Council Budget 2019-20

Financial Forecast 2016 – 2020

A financial forecast for Felixstowe Town Council has been approved and can be found  here, this covers the Business Plan period of 2016-2020.  The Financial Forecast is  linked to the Business Plan found here  and references the corresponding actions found in the Action Plan , at Appendix 1 of the Business Plan.

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.

April 2022 – March 2023 April 2021 – March 2022
April 2022 April 2021
Finance Report Expenditure over £500 Finance Report Expenditure over £500
May 2022 May 2021
Finance Report Expenditure over £500 Finance Report Expenditure over £500
June 2022 June 2021
Finance Report Expenditure over £500 Finance Report Expenditure over £500
July 2022 July 2021
Finance Report Expenditure over £500 Finance Report Expenditure over £500
August 2022 August 2021
Finance Report Expenditure over £500 Finance Report Expenditure over £500
September 2022 September 2021
Finance Report Expenditure over £500 Finance Report Expenditure over £500
October 2022 October 2021
Finance Report Expenditure over £500 Finance Report Expenditure over £500
November 2022 November 2021
Finance Report Expenditure over £500 Finance Report Expenditure over £500
December 2022 December 2021
Finance Report Expenditure over £500 Finance Report Expenditure over £500
January 2023 January 2022
Finance Report Expenditure over £500) Finance Report Expenditure over £500
February 2023 February 2022
Finance Report Expenditure over £500) Finance Report Expenditure over £500
March 2023 March 2022
Finance Report Expenditure over £500 Finance Report Expenditure over £500
PREVIOUS YEARS
April 2020 – March 2021
April 2019 – March 2020
April 2018 – March 2019
April 2017 – March 2018
April 2016 – March 2017
April 2015 – March 2016

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 2020-21 was completed on 11 September 2021.

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 addition, there were no other matters affecting their opinion that required the issue of a report or the further attention of the Council.

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 Conclusion of Audit for 2020/21 Here.   

The Balance sheet for the year 2020/21 can be found here and the previous year 2019/20  here.

A copy of  previous years Annual Return and Audit Report is also available by request.

Annual Governance Statement and Certificate 2020-21

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.