Issue - meetings

Purpose of Report

To inform the Executive of the estimated balance for the Council Tax element of the Collection Fund and the surplus or deficit to be declared for 2020/21.

Decision

That the action of the Chief Finance Officer to declare a Council Tax deficit of £1,105,616 be confirmed.

Alternative Options Considered and Rejected

None.

Reason for Decision

Prior to setting the Council Tax for 2021/22 the City Council was required to estimate whether there was to be surplus or deficit on the Council Tax element of the collection fund for the current financial year 2020/21.

The Council would declare a deficit on Council Tax of £1,105,616 for the financial year 2020/21, with the City Council’s share being £165,680.