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Decision details

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Estimated Surplus/ (Deficit) on the Collection Fund 2019/20

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To agree the Council’s Collection Fund position and to allow the appropriate transfers to the general or collection fund to clear surplus or deficit.

Decisions:

RESOLVED:  That

 

(1)          an overall net estimated surplus of £2.638m on the Collection Fund as at 31 March 2020, which included a surplus of £2.510m on Council Tax (Harrow share £2.059m) and a surplus of £0.128m on Business Rates (Harrow share £0.61m) be noted; 

 

(2)          Harrow’s share of £2.120m be agreed and this be transferred to the General Fund in 2020-21.

 

Reason for Decision:  To report to Cabinet on the Council’s statutory obligation to estimate the surplus or (deficit) on the Collection Fund for the year end.  Approval to the recommendations set out is a major part of the annual budget review process.

 

Alternative Options Considered and Rejected:  As set out in the report.

 

Conflict of Interest relating to the matter declared by Cabinet Member/Dispensation Granted:  None.

Report author: Charlie Stewart

Publication date: 10/01/2020

Date of decision: 09/01/2020

Decided at meeting: 09/01/2020 - Cabinet

Effective from: 18/01/2020

Accompanying Documents: