Issue - meetings
Projected Collection Fund Adjustment Account 2015/16
Meeting: 16/12/2015 - Policy and Resources Committee (Item 126)
Additional documents:
- Appendix A - Council Tax adjustment 2015/16, item 126
PDF 41 KB
View as HTML (126/2) 33 KB
- Appendix B - Business Rates 2015/16, item 126
PDF 39 KB
View as HTML (126/3) 40 KB
Decision:
That:
1) The Committee agrees the
Council Tax projection of £1.017m (Maidstone’s share
£0.169m) as detailed in the report of the Head of Finance and
Resources and as a result agree the distribution of the surplus set
out in paragraph 3.7 of the report; and
2) The Committee also agrees the Business Rate projection of £0.681m (Maidstone’s share £0.272m) as detailed in the report of the Head of Finance and Resources and as a result agrees the distribution of the surplus set out in paragraph 3.13 of the report.
Minutes:
Members considered the
report of the Head of Finance and Resources which detailed the
projected balance on the Collection Fund as at
31 March 2016 from Council Tax Collection and Business Rate
Retention.
Members noted that there was a predicted surplus of £300,272
on income anticipated for the end of 2015/16 financial
year. It was also estimated that there
would be a net surplus on the Collection Fund of
£1,016,915.
RESOLVED: That:
1) The Committee agrees the
Council Tax projection of £1.017m (Maidstone’s share
£0.169m) as detailed in the report of the Head of Finance and
Resources and as a result agree the distribution of the surplus set
out in paragraph 3.7 of the report; and
2) The Committee also agrees the Business Rate projection of £0.681m (Maidstone’s share £0.272m) as detailed in the report of the Head of Finance and Resources and as a result agrees the distribution of the surplus set out in paragraph 3.13 of the report.
Voting: For: 14 Against: 0 Abstentions: 0
Councillor Sargeant arrived at 6.45 p.m. during the debate of this item and therefore could not participate or vote.