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. 

RESOLVED: That

(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.