Decision details

Note the estimated surplus on Collection Fund and agree the amount to be transferred to the General Fund

RESOLVED:  That

(1)               an estimated surplus of £2,095,937 on the Collection Fund as at 31 March 2014 of which £1,676,274 was the Harrow share be noted;

(2)               an amount of £1,676,274 be transferred to the General Fund in 2014/15.

Reason for Decision:  To be informed of the Council’s statutory obligation to make an estimate of the surplus or deficit on the Collection Fund by 15 January 2014.  Approval to the recommendations set out was a major part of the annual budget review process.

Alternative Options Considered and Rejected:  None.

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