Issue - meetings

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

Meeting: 08/12/2022 - Cabinet (Item 78)

78 Estimated Surplus / (Deficit) on the Collection Fund 2022-2023 pdf icon PDF 162 KB

Report of the Director of Finance and Assurance.

Additional documents:

Minutes:

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.