Decision details

Estimated Surplus / (Deficit) on the Collection Fund 2022-2023

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To agree the Councils collection fund position and to allow the appropriate transfers to the general or collection fund to clear surplus or deficit.

Decisions:

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: 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: