Original Title: Explanation of Variances
Document Content: Explanation of variances 2022/23 – pro forma Name of smaller authority: Insert figures from Section 2 of the AGAR in all Blue highlighted boxes Now, 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 £500); • variances of more than £100,000 must be explained even where this constitutes less than 15%; • a breakdown of approved reserves on the next tab if the total reserves (Box 7) figure is more than twice the annual precept value (Box 2). Please ensure variance explanations are quantified to reduce the variance excluding stated items below the 15% / £500 / £100,000 threshold
| 2023 | 2022 | Variance | Variance | Explanation Required? | DO NOT OVERWRITE THE BOXES HIGHLIGHTED IN RED/GREEN | Explanation (must include narrative and supporting figures) | ||||||||||||||||
| £ | £ | £ | % | Is > 15% | Is > £100,000 | |||||||||||||||||
| 1 Balances Brought Forward | 39509 | 33136 | Explanation of % variance from PY opening balance not required – Balance brought forward does not agree | |||||||||||||||||||
| 2 Precept or Rates and Levies | 20616 | 20212 | -404 | 0.01959642995731471 | NO | NO | ||||||||||||||||
| 3 Total Other Receipts | 29051 | 5621 | -23430 | 0.8065126845891708 | 1 | 1 | YES | NO | CIC Land lease (£120) buildingno longer there, Interest reserve accout £130 donation boxes Car park donation boxes (£1210), donation CGP Trust Fund £2295 for purchase of a Defib, VAT reclaim £734. Misc receipts diff btw 2021/22 and 22/23 £21602 (Grant to undertake resurfacing of entrance to Whicham Old School Car Park £20500) Total £23431 | |||||||||||||
| 4 Staff Costs | 3030 | 2490 | -540 | 0.1782178217821782 | 1 | 1 | YES | NO | An clerical error was made in in the 2021/22 staff cost figures. A figure of £2450 was recorded due to an adding error occurred when actual staff costs were £2490 This was not identified in last years figures as an explanation of variances was not required for either staff costs or other payments. £40 For the 2022/23 staff costs National Pay increase for 2021/22 and 22/23 and back pay plus Additional 17 hours work undertaken (overtime) Total £500 | |||||||||||||
| 5 Loan Interest/Capital Repayment | NO | NO | ||||||||||||||||||||
| 6 All Other Payments | 49166 | 16970 | -32196 | 0.6548427775291868 | 1 | 1 | YES | NO | 2021/22 adjustment down from 17010 to 16970 as there was a £40 error in staff costs (see above). Differences between 2021/22 & 2022/23 Council expenses (£2970) in previous year there had been legal fees, Insurance £46, CALC subs £9. SLCC membership (£1) Courses (£20), Web site costs (£29), Donations (£81), Glass cutting Play area £17, Grass cutting other areas £195. General Maintenance £59, Play area inspection £4. Play area maintenance £237 Planters maint £11. Misc Purchases £2735 (Jubilee gas burner, Solar street light, coronation mugs) Whicham Old School car park resurfacing of entrance road way £27084 (grant of £20500 received balance taken from reserves) Footpath light maint £11, Toilets – labour costs £25, repairs £374 consumables (£333) Utilities £587. Silecroft beach car park repairs £475 Projects £3648 (Replacement of fencing). Defib costs £115 Total differences £32198 | |||||||||||||
| 7 Balances Carried Forward | 36980 | 39509 | 2529 | 0.068388318009735 | 1 | NO | NO | |||||||||||||||
| 8 Total Cash and Short Term Investments | 36980 | 39509 | 2529 | 0.068388318009735 | 1 | NO | NO | |||||||||||||||
| 9 Total Fixed Assets plus Other Long Term Investments and Assets | 72713 | 70680 | -2033 | 0.027959237000261303 | 1 | NO | NO | |||||||||||||||
| 10 Total Borrowings | NO | NO | ||||||||||||||||||||
| Excessive Reserves Ratio | 1.7937524253007373 | 1.954729863447457 | ||||||||||||||||||||