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Finance Department
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Note:
You must have Microsoft Excel 5 or newer in order to view
Budget Documents. |
Our departmental WebPages aim to inform the
public about the Council’s finances. Please come on in and
explore our site!
The Finance Department is responsible for
generating adequate and predictable levels of funding to finance the
Parish Council’s services and operations. Our objective is to
implement appropriate accounting and financial management procedures
that ensure standardized, transparent and effective
management of the Council’s financial affairs.
Our webpages begin with an outline of the
Budget Process, and include further explanation of some
Financial Terms. We welcome the public to peruse our Draft
Recurrent Budget, and the Financing Plan 2002-2003.
Finally, we offer a list of Council Assets.
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note: for all fees, only cash or manager's
(certified) cheques are acceptable. Personal cheques and
foreign currency are not accepted, and there are no facilities
for debit or credit cards. Please make out all cheques
to 'Saint James Parish Council'.
For cheque collection, ID is required. Acceptable
forms are a passport, Driver's License or National ID
card. |
Local governments regularly prepare two types
of budgets: a recurrent budget and a capital budget.
As part of the Council’s drive to involve citizens, the recurrent
budget process will include input from members of the public from a
series of meetings conducted each November.
What is the Recurrent Budget?
The operations budget is revenue and
expenditure for the coming year, covering administration costs
(salaries).
What is the capital budget?
The capital budget is the 3-year long-range plan of
all capital expenditures during the following three years, including
the following:
o
acquisition of land
o
construction of buildings
o
construction of roads & minor water supplies
o
purchase of major equipment
The capital budget shows how the expenditures
are to be financed and any resulting operations costs/savings
expected.
Recurrent Budget Process
September
The Ministry puts out a budget call to all
Parish Councils. All chief officers prepare a detailed estimate of
the requirements of their respective departments for the forthcoming
financial year by the 1st day of October.
October
The Director of Finance analyzes expenditure
patterns in the previous year, then prepares a draft budget for the
next year which takes into consideration the inflation rate.
The Mayor and Secretary / Manager review the
draft budget.
November
Recurrent budget meetings are held with the
public. Community members are provided with an opportunity to
receive clarification or provide feedback to the Parish Council.
Finance Committee reviews and approves draft budget.
The budget is submitted to the Ministry by
December 1st.
December
The Ministry considers submissions from all
parishes in the national budget debate.
January to May
By May, the Ministry delivers the final budget
with amendments to the parishes. This Ministry-approved
version becomes the working budget for the Parish.
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