The management of the Parish Council’s finances is guided by the Audit Commission Act 1998 and the Accounts and Audit Regulations issued from time to time under the Act. The Act requires local councils, i.e. Town and Parish Councils, to prepare accounts annually which are then subject to an external audit.
The Parish Council’s decisions on Financial matters are governed by the Parish Council’s Financial Regulations.
The main source of Inkberrow Parish Council’s income comes from the ‘Precept’, which Wychavon District Council, as the billing authority, collects from each household through the annual Council Tax bill.