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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);
• variances of £100,000 or more require explanation regardless of the % variation year on year;
• New from 2025/26 onwards: variances of £500,000 or more in Box 3 require explanation regardless of the % variation year on year for smaller authorities with income and/or expenditure exceeding £6,500,000
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2024/252025/26VarianceVarianceExplanation 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 Forward6,0408,379Explanation of % variance from PY opening balance not required - Balance brought forward agrees
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2 Precept or Rates and Levies5,4006,5001,10020.37%YES INCREASE AGREED NOVEMBER 24, AS THE EXPENDITURE BUDGET HAD INCREASED
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3 Total Other Receipts5,0575,3072504.94%NO
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4 Staff Costs1,8712,0101397.43%NO
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5 Loan Interest/Capital Repayment0000.00%NO
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6 All Other Payments6,24712,7356,488103.86%YES INCLUDES £6240.00 KERBING FROM 24/25 BUDGET, WORK CARRIED OUT OCT 25
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7 Balances Carried Forward
8,3795,441VARIANCE EXPLANATION NOT REQUIRED
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8 Total Cash and Short Term Investments8,3795,441VARIANCE EXPLANATION NOT REQUIRED
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9 Total Fixed Assets plus Other Long Term Investments and Assets23,74524,8121,0674.49%NO
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10 Total Borrowings000.00%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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