The financial year for Wing Parish Council begins on 1 April and ends on 31 March.
Parish Councils do not receive a direct grant from Government.
The main source of income for the Parish Council is raised by the levy of a Precept and is collected through the Council Tax.
In determining the Precept for any given financial year, Wing Parish Council must calculate the aggregate of:
The Precept for 2019-20 is £101,920.00.
Like all local authorities, Wing Parish Council must manage their activities within budget and prepare accounting statements and a governance statement for each financial year, which must be independently externally audited.