Decision details

Seek approval for Harrow’s share of surplus/ deficit to be transferred to the General Fund 2016-17.

RESOLVED:  That

(1)          an overall net estimated surplus of £2.679m on the Collection Fund, which included a surplus of £5.304m on Council Tax (Harrow share £4.281m) and deficit of £2.625m on Business Rates (Harrow share £0.787m) as at 31 March 2016, be noted; 

(2)          Harrow’s share of £3.5m be agreed and this be transferred to the General Fund in 2016-17.

Reason for Decision:  To adhere to the Council’s statutory obligation to estimate the surplus or deficit on the Collection Fund for the year end and as 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.