Estimate of year end position together with the distribution of any projected surplus or the recovery of any projected deficit

A report by the Deputy Chief Executive/Director of Finance estimated the Collection Fund position for the year ending 31 March 2012 which had to be notified to the precepting authorities by 22 January 2012.  It was noted that based upon the 2011/12 precepts and taking the factors set out in the report into account the Collection Fund balance for the year ending 31 March 2012 was estimated to be a surplus of £1.7 million.  The Deputy Chief Executive/Director of Finance also provided an oral report setting out comparisons with the other Merseyside Authorities.

RESOLVED: That

(1)  the declaration of an estimated surplus position for the Collection Fund for the year ending 31 March 2012 be noted and that this be distributed to the precepting authorities; and

(2)  the Council Tax Collection Team be congratulated be thanked for its hard work in helping to achieve the surplus.