RESOLVED: That
(1) an overall net estimated deficit of £21.069m on the Collection Fund as at 31 March 2022, including a deficit of £421k on Council Tax (Harrow share –£343k and a deficit of £20.648m on Business Rates (Harrow share (£6.194m), be noted; and
(2) Harrow’s share of £6.537m be agreed and transferred to the General Fund in 2022-23.
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. Approval to the recommendations set out was 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.