The report of the Director of Finance and Investment gave the Collection Fund position along with distribution of any surplus / deficit to preceptors.

Resolved -

(1)  That the declaration of an estimated £1.70 million surplus balance position for the Council Tax proportion of the Collection Fund for the year ending 31 March 2018 be notified to the precepting bodies. Wirral’s share is £1.45 million.

(2)  That the declaration of the 2017/18 National Non-Domestic Rates (Business Rates) surplus/deficit position and 2018/19 initial forecast be made by the Cabinet Member for Finance & Income Generation in conjunction with the Director of Finance & Investment (Section 151 Officer) on, or before, 31 January 2018.

(3)  That any Council share of the ‘one-off’ distribution from the Collection Fund, currently estimated as surplus regarding Council Tax be added to the General Fund balances for use in supporting the General Fund budget.

(4)  That any surplus or deficit position arising from the estimated NNDR position as at 31 January 2018 be reflected in the 2018/19 budget and General Fund balances.