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) the overall net estimated surplus of £5.582m on the Collection Fund as at 31 March 2023, including a surplus of £0.522m on Council Tax (Harrow share £0.421m) and a surplus of £5.060m on Business Rates (Harrow share £1.518m), be noted; and
(2) Harrow’s share of £1.939m be agreed and transferred to the General Fund in 2023-24.
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, which formed a major part of the annual budget review process.
Report author: Director of Finance
Publication date: 09/12/2022
Date of decision: 08/12/2022
Decided at meeting: 08/12/2022 - Cabinet
Effective from: 17/12/2022