Issue - meetings

As part of the Council Tax setting process for 2016/2017 the Council is required to estimate the amount of any surplus or deficit on the Collection Fund as at 31 March 2016. This must be done by 15 January 2016 in relation to Council Tax, and this report asks Members to approve the estimated balance for both Council Tax and Business Rates (NNDR).

(i)         that agreement be given to the estimated Collection Fund balance relating to Council Tax at 31 March 2016 as a surplus of £3.2m.  (Brent’s share being £2.503m);

(ii)        that the current estimated balance relating to NNDR at 31 March 2016 as zero (no surplus or deficit) be noted;

(iii)       that approval be given to delegate to the Chief Finance Officer authority to amend these figures, should material new information, such as debt collection performance, come to light in the intervening period.

The report from the Chief Finance Officer requested the Cabinet to approve the estimated balance of any surplus or deficit on the Collection Fund as at 31 March 2016 for both the Council Tax and Business Rates (NNDR).

Councillor Pavey (Deputy Leader) was pleased to report that for Council Tax, continued effective collection of amounts due to the council meant it was possible to return £2.503m as a one-off contribution to support the 2016/17 budget.

RESOLVED:

(i)         that agreement be given to the estimated Collection Fund balance relating to Council Tax at 31 March 2016 as a surplus of £3.2m.  (Brent’s share being £2.503m);

(ii)        that the current estimated balance relating to NNDR at 31 March 2016 as zero (no surplus or deficit) be noted;

(iii)       that approval be given to delegate to the Chief Finance Officer authority to amend these figures, should material new information, such as debt collection performance, come to light in the intervening period.