VARIANCE ANALYSIS FOR CORSCOMBE, HALSTOCK AND DISTRICT PARISH COUNCIL 2020/21
Original Revised Estimated
Actual Budget Budget Budget Actual
2018/19 2019/20 2019/20 2020/21 2020/21 Explanation for significant variance
Balance b/fwd       11,388          11,621 17763 17,763     25,875
INCOME
Precept           17,500                18,000 18000 18500       18,500
Local Support Grant                        –                             –                    –
VAT Refund                   1,025 610 1000               348 less recoverable expenditure in 19/20 than budgetted
Clerks Locum Work                        –                             –                    –
Grants                        –                             –                    –
Donations and Sponsorship                       650 672 600               600
TOTAL           17,500                19,675 19282 20100       19,448
EXPENDITURE
Clerk’s Pay/expenses              4,834                   5,134 5,148 5,525          4,896 corrected accounting treatment of working at home allowance
Office Expenses                  311                       300 300 300               780 corrected accounting treatment of working at home allowance
Insurance                  550                       600 544 582               558
DAPTC sub                  429                       450 443 450               452
Audit fees                  193                       200 168 177               297 extra internal audit work required at the end of the year
Training/seminars                     95                       350 200 300               265
Hire of village halls                     81                       205 205 205                  30 impact of Covid restrictions
Grants S137              1,256                   1,600 1,600 1600          1,158 fewer applications
Asset maintenance/Playground Maintenance              1,669                   2,000 1,600 2000          1,186 temporarily decreased maintenance requirement
Asset purchase                        –                       500 0 500               132
Other assets                        –                             –
Capital financing              1,554                   1,554                  1,554               1,554          1,554
Devolved services                        –                   4,750                  4,750               4,850          3,186 temporarily decreased maintenance requirement
Elections
VAT input tax                  154                   1,040                  1,000 1,000               742
Total           11,126                18,683 17,512 19043       15,236
Balance c/fwd       17,763                12,613 19533 18,820 30,087