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 | 2018/2019£ | 2019/2020£ | Variance£ | Variance% | Detailed explanation of variance(with amounts £)
|
| Balances Bought Forward | 42,879 | 43,438 | 559 | 1.3% | |
| Precept or Rates and Levies | 26,458 | 28,000 | 1,542 | 5.8% | |
| Total Other Receipts | 23,211 | 4,829 | 18,328 | 79% | Last year we purchased 3 new pieces of recreation equipment. |
| Staff Costs | 1,870 | 1,549 | 321 | 17.16% | Decrease due to no travelling time required by Clerk due to Coronavirus. |
| Loan Interest/Capital Repayments | 0 | 0 | 0 | ||
| All Other Payments | 43,438 | 23,268 | 20,170 | 46.43% | Less Expenditure this year. |
| Balances Carried Forward | 43,438 | 51,450.01 | |||
| Total Cash and Short Term Investments | 43,438 | 51,540.01 | |||
| Total Fixed Assets | 444,639 | 575,650 | 131,011 | 29.46% | Revaluation of Village Hall following insurance renewal. |
| Total Borrowings | 0 | 0 |
