Issue - meetings
Collection Fund Surplus/Deficit at 31 March 2014
Meeting: 09/12/2013 - Executive (Item 15)
15 Collection Fund Report 
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As part of the Council Tax setting process for 2014/2015 the Council is required to estimate the amount of any surplus or deficit on the Collection Fund as at 31 March 2014. This must be done by 15 January 2014 and this report asks Members to approve the estimated balance.
Decision:
(i) that the estimated Collection Fund balance relating to Council Tax at 31 March 2014 as a surplus of £3.2m be agreed;
(ii) that the estimated Collection Fund balance relating to NNDR at 31 March 2014 as zero (no surplus or deficit) be agreed;
(iii) that authority be delegated to Chief Finance Officer to amend these figures should material new information, such as debt collection performance, come to light in the intervening period.
Minutes:
As part of the Council Tax setting process for 2014/2015 the council is required to estimate the amount of any surplus or deficit on the Collection Fund as at 31 March 2014. This must be done by 15 January 2014 and this report asked members to approve the estimated balance.
Councillor R Moher (Lead Member, Resources) drew attention to the consistent effective collection of amounts due to the council and that it was now possible to return the benefits of this as a one-off contribution to support the 2014/15 budget. Councillor Moher referred to a new requirement to make a similar calculation of surplus or deficit for NNDR following changes to business rates (NNDR) legislation.
RESOLVED:
(i) that the estimated Collection Fund balance relating to Council Tax at 31 March 2014 as a surplus of £3.2m be agreed;
(ii) that the estimated Collection Fund balance relating to NNDR at 31 March 2014 as zero (no surplus or deficit) be agreed;
(iii) that authority be delegated to Chief Finance Officer to amend these figures should material new information, such as debt collection performance, come to light in the intervening period.