Financial Regulations 2024

Horsforth Town Council receives the majority of its income through the precept; an annual sum of money collected with the Council Tax by Leeds City Council.

At the Full Council meeting held on 25th January 2024, the Town Council agreed to request a precept of £144,900 and the band D charge increased to £19.33. This equated to an increase of 20p per month per Band D property.

The budget for 2024-2025, was agreed at the meeting in January 2024 and can be found using the link below.

Budget 2024-2025

Budget and Precept Report 

A Fixed Asset Register has four main purposes:

• It forms a basis for completion of box 9 in the ‘Annual Return.’
• It forms a basis for decisions on risk and insurance issues.
• It provides information on the age and potential lifespan of certain items.
• It provides assurance of the continued existence of Council’s property.

The Register is adopted by the Council at the end of each Municipal Year but is a working document over the following Municipal Year, during which Council Officers will update and amend details as necessary.

The values indicated in the asset register will inform the ‘total fixed assets’ section of the Annual Return with the exception of assets held on trust.

Once recorded on the asset register, the value of assets must not change from year to year until disposal. Concepts of depreciation and impairment adjustments are not appropriate for local councils (Governance and Accountability for Local Councils: A Practitioner’s Guide (England) 2014, para. 3.69).

Horsforth Town Council provides a schedule of payments at the Full Council and Finance & General Purposes Committee meetings, as a supporting document of the agenda. Once approved, the schedule of payments is published below. This exceeds the minimum requirement of the Data Transparency Code to publish expenditure items over £500 on a quarterly basis.

23.03.2023   09.03.2023 

26.01.2023   12.01.2023 

24.11.2022    10.11.2022