Collection Fund 2014/15
Decision Maker: Cabinet
Decision status: For Determination
Is Key decision?: Yes
Is subject to call in?: Yes
Fund position along with distribution of any surplus / deficit to preceptors
Councillor Phil Davies introduced a report by the Acting Section 151 Officer that estimated the Collection Fund position for the year ending 31 March 2015. The Cabinet noted that a decision on the distribution of any Collection Fund surplus had to be notified to the precepting bodies by 22 January 2015.
(1) the declaration of an estimated £4.389 million surplus balance position for the Council Tax proportion of the Collection Fund for the year ending 31 March 2015 be notified to the precepting bodies;
(2) the declaration of the 2014/15 NNDR surplus/deficit position and 2015/16 initial forecast be made by the Leader in conjunction with the Acting Section 151 Officer on, or before, 31 January 2015; and
(3) the Council’s share of this ‘one-off’ distribution of £3.728 million be transferred to the Remodelling/Restructuring Reserve.
Report author: Tom Sault
Publication date: 22/01/2015
Date of decision: 15/01/2015
Decided at meeting: 15/01/2015 - Cabinet
Effective from: 30/01/2015