Your Councillors

 

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%