Decision details

Purpose of Report

To inform members of the estimated balance for the Council Tax element of the Collection Fund and the surplus or deficit to be declared for 2015/16.

Decision

That the action of the Assistant Director of Resources (Business Development & Finance) in declaring a Council Tax surplus of £879,300 be confirmed.

Alternative Options Considered and Rejected

None.

Reason for Decision

The Council was required to declare any surplus or deficit during January of each financial year and, once approved, had an obligation to notify its major precepting authorities of their share of the estimated surplus or deficit. The Council would declare a surplus on Council Tax of £879,300 for the financial year 2015/16. A report on the estimated balance on the Collection Fund for National Non-Domestic Rates (NNDR) would be reported to the Executive on 25 January 2016 alongside the estimated NNDR base ahead of the submission of the NNDR 1 return by 31 January 2016.