2026 / 2027 FINANCIAL SUMMARY
This page gives details of the financial transactions and transparency information of the council over the financial year running from April 2026 - March 2027
The first document is the ratified (agreed by council) budget for the year. This is set in January each year and forms the basis for spending and income for the year. This is reviewed regularly as more information is known.
The second set of documents include the Annual Returns, audits and information about your rights to ask questions or look over the books. These are all about LAST years finances (April 2025 - March 2026) and will be included once they are agreed and ratified by council and / or auditors.
The third set of documents details the large amounts that the council spends each month (anything over £500). Some information is gathered into larger sums (things like wages, tax, pensions) so that personal information isn't shared, but if there are questions, please do get in touch with us. Again, these will be updated as and when they are agreed.
The final set of documents lays out information that helps ensure transparency - a list of contracts that we hold, details of employees that earn above a certain threshold and other relevant information.
Click the button below to see the agreed budget for 2026/2027
Alongside the budget information, we also share details of the 'precept' - this is the amount collected via Council Tax that goes towards the costs of running Woughton Community Council and the services that are provided.
THE AGREED PRECEPT FOR 2026/27 IS £977,319
This is an increase of 7% with a Band D charge of £368.15
This increase reflects the demands on the council services, the priorities identified by the council budget setting process and the increased risks associated with high inflation and the impending loss of grant funding (due to the unfair council tax system). It should be noted that whilst the Band D charge is noted above, almost 97% of properties within the parish are Band A or Band B, meaning the actual charge is lower.
We bring income in from a variety of sources, including the precept – this is an amount that is part of Council Tax that provides income towards the services we provide. For information about the precept, you can visit the Milton Keynes Council website HERE.
We will also publish details of our spending each month (in line with the law), give updates as we develop the budget for next year and details of the budget consultation, once we start that.
Documents are shown here for the 2025/2026 financial year (which runs from April– March each year). Older finances can be seen by calling into the Office (Woughton Community Council Hub, Garraways, Coffee Hall) or by clicking on the 'previous years' tab on the menu above.
NOTIFICATIONS AND REPORTS
PAYMENTS OF OVER £500
TRANSPARENCY INFORMATION
There are key pieces of information that we publish to provide information to our residents and others, regarding how we spend money and with whom (our contracts), details of our officers pay rates (annonymised), land ownership and information relating to councillor allowances (the amount that is paid to all elected (not co-opted) members each year).
This is part of the councils approach to transparency - ensuring that the work that we do is open and clear.