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||2014/2015£||2015/2016£||Variance£||Variance%||Detailed explanation of variance(with amounts £)
|7,284||3,334||(3,950)||74.4%||There is a decrease in the receipts this year as, unlike last year, we did not receive any S106 monies.|
Loan interest/capital repayments
Fixed assets & long term assets
|Explanation for “high” reserves||Box 7 is more than twice Box 2 because …..