Maidstone Borough Council
Policy & Resources Committee
18 January 2017
Appendix III
Collection Fund 2016/17 - Council Tax Adjustment
Demands on the fund |
£ |
Approx % |
Maidstone Borough Council budget requirement |
15,581,938 |
16.39% |
Kent County Council (including adult social care charge) |
66,341,367 |
69.80% |
Kent Police Authority |
8,904,640 |
9.37% |
Kent and Medway Towns Fire Authourity |
4,213,829 |
4.43% |
Council Tax requirement |
95,041,774 |
100.00% |
Debit raised Charges raised |
114,679,096 |
Less Disabled Relief |
-80,032 |
Discounts |
-16,181,462 |
Other reductions & exemptions |
-2,578,651 |
|
95,838,951 |
Less Provision for bad and doubtful debts |
958,390 |
Projected Council Tax Income |
94,880,561 |
Projected deficit for the year -161,213
Utilisation of fund balance |
£ |
Actual Surplus at 31 March 2016 |
1,764,204 |
Less anticipated surplus (2015-16 Estimate) |
1,016,915 |
Add Projected Deficit 2016-17 |
747,289 -161,213 |
Projected Surplus at 31 March 2015 |
586,076 |
|
Distribution of surplus |
96,174 |
16.41% |
Maidstone Borough Council |
||
Kent County Council |
408,962 |
69.78% |
Kent Police Authority |
54,973 |
9.38% |
Kent and Medway Towns Fire Authority |
26,021 |
4.44% |
Total projected Surplus share as at 31 March 2016 |
586,130 |
100.00% |
|