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 2014/2015£ 2015/2016£ Variance£ Variance% Detailed explanation of variance(with amounts £)

 

Box 2
Precept
26,458 26,458 0 0
Box 3
Other receipts
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.
Box 4
Staff costs
1,349 1,222 (127) 9.87%
Box 5
Loan interest/capital repayments
0 0 0 o
Box 6
Other payments
17,550 18,002 452 2.54%
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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