Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
To agree the Councils collection fund position and to allow the appropriate transfers to the general or collection fund to clear surplus or deficit.
(1) an overall net estimated deficit of (£29.569m) on the Collection Fund as at 31 March 2021, including a surplus of £7,000 on Council Tax (Harrow share –£6k and a deficit of (£29.576m) on Business Rates (Harrow share (£8.873m), be noted;
(2) Harrow’s share of (£8.867m) and its transfer to the General Fund in 2021-22, be agreed.
Reason for Decision: To report on the Council’s statutory obligation to estimate the surplus or (deficit) on the Collection Fund for the year end as 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: 18/12/2020
Date of decision: 17/12/2020
Decided at meeting: 17/12/2020 - Cabinet
Effective from: 30/12/2020