The Parish Council Financial Regulations govern the financial management of the Council and provide procedural guidance for members and officers. Financial regulations must be observed in conjunction with the Council's Standing Orders and individual financial regulations in relation to contracts.
The Parish Council finances its activities from part of the council tax paid by households in the parish. Winscombe and Sandford Parish Council has set its precept (the amount of money it raises from council tax payers) for the current financial year (April 2021 to March 2022) at £155,000. The precept amounts to around £73.33 per year for a Band D household.