Issue - meetings
Collection Fund Surplus/Deficit at 31 March 2011
Meeting: 13/12/2010 - Executive (Item 12)
12 Collection Fund Surplus/Deficit at 31 March 2011 
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As part of the Council Tax setting process for 2011/2012 the Council is required to estimate the amount of any surplus or deficit on the Collection Fund as at 31 March 2011. This must be done by the 15 January 2011 and this report asks Members to approve the balance projected.
Decision:
that approval be given to the calculation of the estimated Collection Fund balance as at the 31 March 2011 as a deficit of £1.3million.
Minutes:
As part of the Council Tax setting process for 2011/2012 the Council is required to estimate the amount of any surplus or deficit on the Collection Fund as at 31 March 2011. This must be done by the 15 January 2011 and this report asks Members to approve the balance projected. Councillor Butt (Lead Member, Resources) in introducing the report from the Director of Finance and Corporate Services referred to the total arrears as at 31 March 2010 and bad debt provision which had given rise to a shortfall of £7.25m as at 31 March 2010 and he recommended Council Tax bills for 2011/2012 include an element of approximately £10.34 at Band D to meet Brent’s share of this deficit.
RESOLVED:-
that approval be given to the calculation of the estimated Collection Fund balance as at the 31 March 2011 as a deficit of £1.3million.