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


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

Accompanying Documents: