Copy of 21-Explanation-of-Variances-2022-23 completed
Explanation of variances – pro forma
Name of smaller authority: The Leigh Parish Council
County area (local councils and parish meetings 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);
• New from 2020/21 onwards: variances of £100,000 or more require explanation regardless of the % variation year on year;
• 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).”
2021/22 2022/23 Variance Variance Explanation Required? Automatic responses trigger below based on figures input, DO NOT OVERWRITE THESE BOXES Explanation from smaller authority (must include narrative and supporting figures)
£ £ £ %
1 Balances Brought Forward 10,267 35,349 Explanation of % variance from PY opening balance not required – Balance brought forward agrees
2 Precept or Rates and Levies 4,672 4,910 238 5.09% NO
3 Total Other Receipts 26,265 28,642 2,377 9.05% NO
4 Staff Costs 2,494 2,528 34 1.36% NO
5 Loan Interest/Capital Repayment 0 0 0 0.00% NO
6 All Other Payments 3,361 6,516 3,155 93.87% YES Varriance due to projects to spend CIL monies received -3,155 on a Jubilee event for parish
7 Balances Carried Forward 35,349 59,857 VARIANCE EXPLANATION NOT REQUIRED
YES EXPLANATION REQUIRED ON RESERVES TAB AS TO WHY CARRY FORWARD RESERVES ARE GREATER THAN TWICE INCOME FROM LOCAL TAXATION/LEVIES reserve 1 -24877 CIL money received in this year plans as yet agreed. Reserve 2 -1000 is earmarked for a tree to commenorate coronation. Reserve 3 – Cil Money from previous years a list of projects has been drawn up and will require payment in 2023-24. 4000 general reerve
8 Total Cash and Short Term Investments 0 0 VARIANCE EXPLANATION NOT REQUIRED
9 Total Fixed Assets plus Other Long Term Investments and Assets 0 0 0 0.00% NO
10 Total Borrowings 0 0 0 0.00% NO
Rounding errors of up to £2 are tolerable
Variances of £200 or less are tolerable
BOX 10 VARIANCE EXPLANATION NOT REQUIRED IF CHANGE CAN BE EXPLAINED BY BOX 5 (CAPITAL PLUS INTEREST PAYMENT)