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Policies & Procedures

Explanation of variances – pro forma

Name of smaller authority: Great Gonerby Parish Council
County area (local councils andL pinacrisohl nmsehetiirnegs only):
Insert figures from Section 2 of the AGAR in all Blue highlighted boxes
Next, please provide full explanations, including numerical values, for the following that will be flagged
in the green boxes where relevant:
• variances of more than 15% between totals for individual boxes (except variances of less than £200);
• a breakdown of approved reserves on the next tab if the total reserves (Box 7) figure is more than twice the
annual precept/rates & levies value (Box 2).
2018/19 2019/20 Variance Variance
£ £ £ %
1 Balances Brought Forward
47,910 41,785
2 Precept or Rates and Levies
23,728 28,836 5,108 21.53%
3 Total Other Receipts 7,073 4,444 -2,629 37.17%
4 Staff Costs
11,510 6,614 -4,896 42.54%
5 Loan Interest/Capital Repayment 9,848 9,848 0 0.00%
6 All Other Payments
16,568 11,653 -4,915 29.67%
7 Balances Carried Forward 40,785 46,950
8 Total Cash and Short Term Investments 40,785 39,429
9 Total Fixed Assets plus Other Long Term Investments an1d4 A8,s7s2e1ts 152,655 3,934 2.65%
10 Total Borrowings 163,396 158,103 -5,293 3.24%
Rounding errors of up to £2 are tolerable
Explanation
Required?
Automatic responses trigger below based on figures
input, DO NOT OVERWRITE THESE BOXES
Explanation of % variance from PY opening balance
not required - Balance brought forward does not
agree, query this
YES Replaced fence at £5500.
YES Burial income increased during 2019/20 £3780.
YES
The previous year made provison for a one off
payment to the retiring clerk of £4,180.
NO
YES
Verge cutting £1954.47 + VAT less £1039.37
allowance received received from LCC
CCTV cameras at hill top cemetery £1000
renovations to high street £1760, 230, 130, 440, 5300,
1526
VARIANCE EXPLANATION NOT REQUIRED
NO
VARIANCE EXPLANATION NOT REQUIRED
NO
NO
Explanation from smaller authority (must include narrative and supporting figures)
Variances of £200 or less are tolerable
BOX 10 VARIANCE EXPLANATION NOT REQUIRED IF CHANGE CAN BE EXPLAINED BY
CAN BE EXPLAINED BY BOX 5 (CAPITAL PLUS INTEREST PAYMENT)

Explanation for ‘high’ reserves
(Please complete the highlighted boxes.)
Box 7 is more than twice Box 2 because the authority held the following breakdown of reserves at the year end:
£ £ £
Earmarked reserves:
Reserve 1
Reserve 2
Reserve 3
Reserve 4
Reserve 5
Reserve 6
Reserve 7
0
General reserve
0
Total reserves (must agree to Box 7) 0

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