OCT
22
Transparency Code for smaller authorities

From 1 April 2015 smaller authorities with annual turnover below £25,000 will be subject to the requirements of a new Transparency Code.

The Transparency Code for smaller authorities was issued as recommended practice in December 2014 and following legislation became mandatory on 1 April 2015. The Code requires the following information, relating to the authority and the previous financial year, to be published annually:
· all items of expenditure above £100;
· end of year accounts, annual governance statement, and internal audit report (as contained in the annual return). The end of year accounts are accompanied by:
* a copy of the bank reconciliation for the relevant financial year;
* an explanation of any significant variances (e.g. more than 10-15%, in line with proper practices) in the statement of accounts for the relevant year and previous year; and
* an explanation of any differences between ‘balances carried forward’ and ‘total cash and short term investments’, if applicable.
* a list of councillor or member responsibilities; and
* details of public land and building assets owned by the smaller authority (except internal drainage boards and charter trustees).

The Code also requires the following information to be published more frequently than once annually:
* The draft minutes from all formal meetings (i.e. full council or board, committee and sub-committee meetings) should be published not later than one month after the meeting has taken place.
* Meeting agendas and associated meeting papers should be published not later than three clear days before the meeting is taking place.

Bank Reconciliation
Financial record 2016 - 2017
Explanation of variations from last year
Annual Governance Statement

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