Explanation of Variances Pro Forma

Explanation of variances – pro forma

Name: Silton Parish Meeting

County area: North Dorset District Council

 

Please provide full explanations, including numerical values, for the following:

  • variances of more than 15% between totals for individual boxes (except variances of less than £200);
  • a breakdown of approved reserves if the total reserves (Box 7) figure is more than twice the annual precept/rates & levies value (Box 2).

 

Section 2 2016/17

£

2017/18

£

Variance

£

Variance

%

Detailed explanation of variance (with amounts £)
Box 2

Precept or Rates and Levies

 

 

£2400 £2600 £200 +8% Agreed at Parish Meeting on 10 May 2016 to increase precept by £200 per year.

 

 

Box 3

Total other receipts

 

 

 

£1479

 

£1107 £372 -25% 1. Income from Beacon Party in 2016-17, £800.50 a one-off source of income.

2. Reduction of fees from recreation field £205, offset by increase in fees from allotments, £224.

Box 4

Staff costs

 

£0

 

 

£0     No staff costs

 

Box 5

Loan interest/ capital repayments

 

£0

 

 

£0     No loan interest or capital repayments

 

Box 6

All other payments

 

 

 

£8759

 

 

£2723 £6036 -69% 1. Purchase of shelter in recreation field in 2016-17 £5,100.

2. Expenditure on Beacon Party, a one-off cost of £844.52

3. Repair of footpath £278.16 in 2016-17 a one off cost.

Box 9

Total fixed assets & long term investments & assets

£5,100

 

 

£5,101 £1    

 

 

Box 10

Total borrowings

 

 

 

£0 £0     No borrowings

 

Explanation for ‘high’ reserves

 

 

 

Box 7 is more than twice Box 2 because the authority held the following breakdown of reserves at the year end:

Not Applicable