Explanation of variances, year ending 31 March 2018

Explanation of variances
— pro forma
Name of smaller authority:
County area (local councils and parish meetings only:
Helmdon Parish Council
Please provide full explanations, including numerical values, for the following:
e variances of more than 15% between totals for individual boxes (except variances of less than
£200); e abreakdown 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 16142 17074 932 6%
Levies
Box 3 The Council received £2786 in grant
Total other funding this year compared to £1150
receipts 2666 4621 1955 73% received in 2016/17.
The Council received an income from the allotments of £240 this year compared to £110 in 2016/17 due to an increase in rent and full occupancy.
The Council received a £1533.99
VAT reclaim, which was for both
2016/17 and 2017/18 financial years.
Box 5
Loan interest/ NIL NIL NIL NIL
capital repayments
Box 9
Total fixed assets & 97212 98885 1673 2%
long term investments
& assets
Box 10
Total borrowings NIL NIL NIL NIL
Explanation for ‘high’ N/A
reserves