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 2016/2017 2017/2018 Variance£ Variance% Detailed explanation of variance(with amounts £) 
Box 2
Precept
26,924 26,458 -466 1.73%
Box 3
Other receipts
5,239 602 5,227 89.67% The decrease was due to the fact we received no S106 monies in this financial year.
Box 4
Staff costs
1,613 1,417 -142 8.8%
Box 5
Loan interest/capital repayments
0 0 0 o
Box 6
Other payments
20,908 21,531 623 2.98%
Box 9
Fixed assets & long term assets
444,639 444,639 0 0
Box 10Borrowings  0  0  0 0
Explanation for “high” reserves Box 7 is more than twice Box 2 because …..

 


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