PAPER B


B - 1


RYDE TOWN COUNCIL OFFICER REPORT



Committee:


Finance and Community Resources


Date:


15/06/2021


Title of Report:


Explanation for Restated Figures


Report from:


Tara Bloomfield


Context:


As above


Report Author:


Tara Bloomfield



The AGAR for 2020/21 was approved, published on the Parish Council website, and submitted to the External Auditor.


However, during the 2021/22 financial year it was discovered that the bank reconciliation completed at the end of 2020/21 was not fully reconciled to the accounting system, with payments missing and transactions cashed/uncashed incorrectly.


The result of this was a decrease in the reserves total of £27,701 (£521,565 down to

£493,864),


The effect on the AGAR is as follows:



Original (£)

Restated (£)

Movement (£)

1. Balances B/F

463,167

463,167


2. Precept or Rates & Levies


1,123,605


1,123,605


3. Total other receipts

405,747

405,747


4. Staff Costs

412,970

412,970


5. Loan Interest/capital repayments

0

0


6. All other payments

1,057,984

1,085,685

27,701

7. Balances C/f

521,565

493,864

-27,701

8. Total value of cash investments


417,437


417,437


9. Total fixed assets plus long-term investments and assets


448,929


448,929


10. Total borrowings

286,000

286,000




Amended box 7 to 8 Reconciliation