Issue - meetings

Purpose of Report

To consider the estimated balance for the Council Tax element of the Collection Fund and the surplus or deficit to be declared for 2017/18.

Decision

That the action of the Chief Finance Officer in declaring a Council Tax surplus of £188,270 be confirmed.

Alternative Options Considered and Rejected

None.

Reason for Decision

Prior to the setting of Council Tax for 2018/19, the City Council was required to estimate whether there would be a surplus or deficit on the Council Tax element of the Collection Fund for the current financial year 2017/18.

It was noted that the Chief Finance Officer would declare a surplus on Council Tax of £188,270 for the financial year 2017/18.