FINANCE & AUDIT 

Council Meetings are held on the last Wednesday of every month, starting at 6.30pm unless otherwise state below at Malton Town Council, The Wesley Centre, 10-12 Saville Street, Malton YO17 7LL 
 
 
Income & Expenditure Reports  
Council Precept  
The Precept is that element of your Council Tax that is paid to Malton Town Council. The Council's finances are regularly reviewed and form part of the agenda of every council meeting. At the end of the financial year the Council prepares the Annual Return which is audited by an internal auditor and a government appointed external auditor. The Annual Return can be downloaded above along with the Finance Reports. The Council prepares a yearly budget on which the precept is based. The budget can be downloaded below.  
 
The Local Audit and Accountability Act 2014 sets out the new audit framework for local public authorities. The Transparency Code requires smaller authorities to publish: 
 
All items of expenditure above £100 
End of year accounts 
Annual governance statement 
Internal audit report 
List of councillor or member responsibilities 
The details of public land and building assets 
Minutes, agendas and meeting papers of formal meetings. 
 
If an elector has a question or objection about a council external audit, he/she must contact the relevant audit appointing body who will then assign an auditor to deal with their question or objection. 
 
Every year, the Town Council draws up budgets and calculates how much money it needs for the next Financial Year. These are usually finalised at the December Council meeting and then submitted to Ryedale District Council. Ryedale District Council co-ordinates the other demands from North Yorkshire County Council, the Police and themselves and come up with the rate to be paid from 1st April of that year. 
 
Budget 
 
Financial Documents 
 
Terms of Reference 
 
 
 
 
 
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