Budget Monitoring Reports
The Council’s financial year starts on 1 April and finishes on 31 March. It approves its budget for the medium term (three years) and sets the council tax for the coming financial year each February. It prepares final accounts for each financial year by the end of June.
Sound financial management requires the Council to track, between setting the budget and preparing the final accounts, how it is doing against the budgets it has set. This is achieved by preparing budget monitoring reports.