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APPENDIX B

MAIDSTONE BOROUGH COUNCIL

POLICY AND RESOURCES COMMITTEE

ESTIMATED BUSINESS RATES INCOME 2015/16

Central Government

29,262,538

Maidstone Borough Council

23,410,030

Kent County Council

5,267,257

Kent Fire Authority

585,251

Total

58,525,075

ESTIMATED SURPLUS/(DEFICIT) AT 31 MARCH 2016

Opening balance (at 31/3/15)

612,939

Gross rates payable in respect of 2015/16

67,863,614

Transitional relief

0

Transitional protection

26,520

Mandatory reliefs

-8,280,620

Discretionary reliefs

-1,143,241

- Total charges

-58,940,076

Projected surplus for the year

139,136

Utilisation of fund balance

 

Actual surplus at 31 March 2015

612,939

Less anticipated surplus - (2014/15 Estimate)

71,089

 

541,850

Add Projected Surplus/deficit 2015/16

139,136

 

Projected Surplus at 31 March 2016

 

680,986

Distribution

%

Central Government

340,493

50

Maidstone Borough Council

272,394

40

Kent County Council

61,289

9

Kent Fire Authority

6,810

1

Total

680,986

100