Collection Fund 2016/17 - Business Rates Adjustment
|
Estimated non-domestic rates income 2016/17 |
£ |
|
Central Government |
30,073,473 |
|
Maidstone Borough Council |
24,058,778 |
|
Kent County Council |
5,413,225 |
|
Kent Fire Authority |
601,469 |
|
Total |
60,146,945 |
|
Estimated surplus / deficit at 31 March 2017 |
£ |
|
Opening balance |
612,939 |
|
Gross rates payable in respect of 2016/17 |
69,232,734 |
|
Less: Mandatory reliefs |
-7,493,090 |
|
Discretionary reliefs |
-207,501 |
|
Total charges |
-58,330,195 |
Projected surplus for the year 3,814,887
|
Utilisation of fund balance |
£ |
|
Actual deficit at 31 March 2016 |
-6,994,971 |
|
Less anticipated surplus |
2,536,732 |
|
Add projected surplus 2016/17 |
-9,531,703
3,814,887 |
|
Projected deficit at 31 March 2017 |
-5,716,816 |
|
|
|
Distribution |
£ |
|
|
Central Government |
-2,858,408 |
50% |
|
Maidstone Borough Council |
-2,286,726 |
40% |
|
Kent County Council |
-514,513 |
9% |
|
Kent Fire Authority |
-57,168 |
1% |
|
Total |
-5,716,816 |
100% |
|
|
||