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Explanation of Variances 2023-24

Explanation of Variances

Explanation of Variances 2023-24 Downloadable PDF

Name of smaller authority:Belstone Parish Council
County area (local councils and parish meetings only):Devon County Council

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).

2022/232023/24VarianceVarianceExplanation Required?
1 Balances Brought Forward2,7193,277Explanation of % variance from PY opening balance not required – Balance brought forward agrees
2 Precept or Rates and Levies3,4083,500922.70%NO
3 Total Other Receipts52893240476.52%YES – £185 HMRC Tax Refund for Clerk’s tax not due last year, £610 Donations from local businesses to cover village car park repairs.
4 Staff Costs2,3482,228-1205.11%NO
5 Loan Interest/ Capital Repayment0000.00%NO
6 All Other Payments1,0301,65762760.87%YES – £611.11 Car Park Repairs
7 Balances Carried Forward3,2773,824NO
8 Total Cash and Short Term Investments3,2773,824NO
9 Total Fixed Assets plus Other Long Term Investments and Assets3,8173,81700.00%NO
10 Total Borrowings0000.00%NO