Kingscote Parish Council is classed as a 'smaller authority. because its annual income or expenditure is less than £25,000 per annum.  The classification as a 'smaller authority' imposes a series of requirements upon the parish council.

The first of these is the Annual Governance and Accountability Review (AGAR).  This includes an independent external audit of the council's procedures and way of working.  It also includes a review of the accounts.

The publication of the council's AGAR documentation along with other documentation such as details of bank reconcilation and Notice of Electors Rights is covered by the second set of regulations; The Local Government Transparency Code - 2015