The funding for Parish Councils is allocated by the District Council and is taken from the council tax; this is called the Annual Precept.
Income and Expenditure for the next financial year are calculated from estimates, agreed expenditure and current contracts and inflation. This is added to the local council tax and paid to the parish in 2 installments.
This money is to fund the spending of the Parish Council on local amenities and activities without having to seek permission from any other authority. Budgetary control and accounts are presented to the parish at its annual open parish meeting.