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.
RESOLVED: That
(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: Strategic 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
Accompanying Documents: