The work of the Parish Council is financed by the precept, which is part of the Council Tax levied each year on all residential properties. The tax year runs from April to March, and the budget and precept for the following year is agreed by a full meeting of the parish council, usually in December.
The precept for 2024-25 has been set at £130,992.
Each year the Parish Council is legally required to submit a Governance and Accountability Return (AGAR), to make its accounting records for the previous financial year available for 30 days for inspection by any interested person, and to have an external audit of the accounts.
When qualifying housing development takes place in the parish the Parish Council receives Community Infrastructure Levy (CIL) funding. A report has to be submitted annually to Somerset Council.
