The Annual Governance and Accountability Return Part 2 is completed by Local Councils where the higher or gross income or gross expenditure was £25,000 or less, that meet the qualifying criteria and that wish to certify themselves as exempt from a limited assurance review.
Under the Transparency Code for Smaller Authorities, Parish Councils with an annual turnover not exceeding £25,000 should publish no later than 1 July in the year immediately following the accounting year to which it relates:
- All items of expenditure over £100 (The Parish Council has elected to publish all expenditure)
- Annual Governance and Accountability Return 2018/19
- Bank reconciliation
- Explanation of any significant variances
- Location of public land and building assets (asset register)