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Finance

Financial planning is essential for achieving our priorities in a cost effective and efficient way and we are committed to continuing to provide quality services that are valued by residents despite the challenging economic climate.

Budget

We estimate we will need to save £100m between 2011 and 2018. Having made good progress in the early years, the Medium Term Financial Plan is now focussed on delivering a further £53m of savings between 2014 and 2018.

You can download our draft medium term financial plan 2014-18 and update (pdf) and you can comment on the document by contacting our financial management team.

We carry out equality impact assessments to demonstrate that we have paid 'due regard' to eliminating discrimination, promoting equality and fostering good relations in all aspects of our work. These documents are updated to identify any further potential impacts that proposals included in our medium term financial plan may have on diverse or more vulnerable groups within our communities. View our impact assessments.

Fees and charges from April 2014

We charge a fee to cover the cost of some of our services and administrative processes or because we have a legal obligation to charge for processing the information you provide. Download our fees and charges (pdf).

Fraud

In the public sector, fraud diverts valuable resources away from those who need them most, our customers.  It is estimated that fraud costs the public sector in the United Kingdom £20.3 billion a year.

Counter fraud is the action we take to reduce the likelihood of fraud or irregularity occurring, and reducing the impact of that fraud or irregularity, should it happen. We have a zero-tolerance approach towards fraud and irregularity and we are doing more to deter it. Our aim is to improve the integration of fraud prevention and detection into the culture of the council, our partnerships, contracts and the civic sector.

We also ensure that adequate and effective measures are put in place to correct any identified fraud or irregularity.

To find out more download a copy of our counter-fraud strategy (pdf) and prosecution policy (pdf).

Examples of the types of fraud we investigate include:

  • benefit fraud (for example where a customer is receiving other benefits or tax credits; a customer is receiving other income; a customer has started work or has not notified us in regards to a change to their earnings; or a customer states they are living alone but have an undisclosed partner living with them)
  • business rates (for example falsely claiming relief; failure to declare occupancy of a property; falsely claiming insolvency status)
  • social care (including direct payments)
  • false insurance claims
  • disabled parking concessions (blue badges)
  • economic and third sector fraud (the false payment of grants, loans or financial support by local government to private individuals, companies, charities and non-government organisations)

If you suspect that any type of fraud is being committed against the council please contact us by completing our online form or emailing fraud@n-somerset.gov.uk

You can report fraud to us anonymously by calling 01275 884 283.

Banking arrangements

Following a tendering process, Barclays Bank will be providing banking arrangements for us from 1 April 2014. Find out about the change of banking arrangements and if this will affect the way you pay us.

Inspection of accounts

Download our statement of accounts 2013-2014 (pdf). For more information about inspecting our accounts, the audit process and to view our previous statements of accounts, read our statement of accounts FAQs.

Over £250-spend reports

To improve openness and transparency in public spending, we publish details of items that we spend over £250 on. View over £250 spend reports.

For more information contact our financial management team.