Significant Variances

GREAT AND LITTLE EVERSDEN PARISH COUNCIL

EXPLANATION OF VARIANCES

The “Practitioners” Guide provides guidance on explaining significant variances. Please provide explanations for the following:

  • variances of more than 15% between totals for individual boxes (except variances of less than £200)
  • if the total reserves (Box7) figure is more than twice the annual precept value (Box 2).

 

Section 1 2015/2016£ 2016/2017£ Variance£ Variance% Detailed explanation of variance(with amounts £) 
Box 2
Precept
26,458 26,924 466 1.76%
Box 3
Other receipts
3,334 5,239 1,905 57.14% The increase was due to the receipt of £4673.19 in S106 money.
Box 4
Staff costs
1,222 1,613 391 31.99%  The Parish Council received a large number of Planning Applications during 2016/2017 resulting in an increased number of meetings to Clerk.
Box 5
Loan interest/capital repayments
0 0 0 o
Box 6
Other payments
18,002 20,908 2,906 16.14%  The Parish Council purchased their own Speedwatch equipment and undertook training which accounts for the increase in payments.
Box 9
Fixed assets & long term assets
444,639 444,639 0 0
Box 10Borrowings  0  0  0
Explanation for “high” reserves Box 7 is more than twice Box 2 because ….. 

 


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