Finance

The Town Council aims to be transparent and open in all its dealings and transactions.  This page will provide you with important information about the Council's finances.

Each year the Town Council calculates the money it needs to raise to provide its services.  Then it deducts the income which it expects to receive from fees and charges such as the hire of sports facilities, rents, agency work on behalf of the County Council etc to leave the amount it requires to spend on the services and any capital projects which are planned for the year ahead.

This sum, called the precept, is the amount it levies on the District Council and which is collected by them as a proportion of the total Council Tax paid by Frome households.  For the current financial year 2012/2013 the precept is £964,609. 

Frome Town Council is regularly audited and as reports are received from the Auditors, we will post the details here.

The Town Council also has to declare all its expenditure equal to and over £500, please click here to see these details.

Please click here to view the Town Council's budgeted expenditure for 2011/2012 and 2012/2013.