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Explanation of variances – pro forma
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Name of smaller authority:
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County area (local councils and parish meetings only):
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Insert figures from Section 2 of the AGAR in all Blue highlighted boxes
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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).
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2022/232023/24VarianceVarianceExplanation Required?Automatic responses trigger below based on figures input, DO NOT OVERWRITE THESE BOXESExplanation from smaller authority (must include narrative and supporting figures)
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£££%
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1 Balances Brought Forward11,5414,244Explanation of % variance from PY opening balance not required - Balance brought forward agrees
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2 Precept or Rates and Levies4,0005,4001,40035.00%YESIncrease of precept by £1400
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3 Total Other Receipts4,6466,1481,50232.32%YESDonation from solar fund of £4750 to St John the Baptist Church Abthorpe for renovation, table and chairs
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4 Staff Costs1,6711,8001297.69%NO
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5 Loan Interest/Capital Repayment0000.00%NO
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6 All Other Payments14,2727,951-6,32144.29%YESVillage green project, Donation of £4750 from Solar Fund for Abthope Church renovations
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7 Balances Carried Forward
4,2446,040VARIANCE EXPLANATION NOT REQUIRED
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NO
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8 Total Cash and Short Term Investments11,5416,040VARIANCE EXPLANATION NOT REQUIRED
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9 Total Fixed Assets plus Other Long Term Investments and Assets20,33221,7921,4607.18%NO
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10 Total Borrowings0000.00%NO
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Rounding errors of up to £2 are tolerable
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Variances of £200 or less are tolerable
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BOX 10 VARIANCE EXPLANATION NOT REQUIRED IF CHANGE CAN BE EXPLAINED BY BOX 5 (CAPITAL PLUS INTEREST PAYMENT)
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