Issue - meetings

To report the estimated balance for the Council Tax element of the Collection Fund and the surplus or deficit to be declared for 2019/20.

Decision

That the action of the Chief Finance Officer in declaring a Council Tax surplus of £382,814 be approved.

None.

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

The Council would therefore declare a surplus on Council Tax of £382,814 for the financial year 2019/20.

The main reasons for the surplus were noted as being a higher than anticipated collection rate for the financial year together with a lower rate of write-offs than had originally been estimated.