Issue - meetings
Collection fund surplus
Meeting: 12/12/2016 - Cabinet (Item 10)
10 Collection Fund Report PDF 113 KB
This report outlines that the Council is required to estimate the amount of any surplus or deficit on the Collection Fund as at 31 March 2017 and how it is shared amongst the constituent precepting bodies and Central Government. This must be done by 15 January 2017 in relation to Council Tax, and this report asks the Cabinet to approve the estimated balance for Council Tax and Business Rates (NNDR).
Decision:
RESOLVED:-
i. Cabinet agreed the estimated Collection Fund balance relating to Council Tax at 31 March 2017 as a surplus of £2.796m. (Brent’s share being £2.253m)
ii. Cabinet noted the current estimated balance relating to NNDR at 31 March 2017 as zero (no surplus or deficit).
iii. Cabinet delegated to the Chief Finance Officer authority to amend these figures, should material new information, such as significant changes in debt collection performance or business rates appeals, come to light before the legal deadline of 15 January 2017.
Minutes:
Councillor McLennan (Deputy Leader of the Council) introduced the report which outlined the Council’s estimated rate of Council Tax collection and estimated balance for Council Tax and Business Rates (National Non-Domestic Rates – NNDR). It was noted that due to continued improvements in Council Tax collection, some of the estimates on the rates of the collection made by Officers in previous years had been exceeded.
RESOLVED that:
(i) The estimated Collection Fund balance relating to Council Tax on 31 March 2017 as a surplus of £2.796million (Brent’s share being £2.253million) be agreed;
(ii) The current estimated balance relating to National Non-Domestic Rates (NNDR) as zero (no surplus or deficit) be noted; and
(iii) The Chief Finance Officer be delegated authority by Cabinet to amend these figures, should new material information, such as significant changes in debt collection performance or business rates appeals, come to light before the legal deadline of 15 January 2017.