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South Muskham and Little Carlton Parish Council is funded by an annual payment or precept from Nottinghamshire County Council. The Parish Council must prepare a budget each year which will cover all necessary expenditure and ask the County Council for this money in the form of the precept. This precept is collected by the County Council via the Council Tax and is paid to the parish council in two six-monthly sums.

Under the Transparency Code 2015 the Parish Council is required to publish certain information regarding the Council's finances.  The documents relating to the last financial year 2020/21 can be viewed using the links below.