Lead Member – Councillor Malcolm Pate – Leader of the Council and Portfolio Holder for Strategy, Financial Strategy, Budget and Business Plan

Report of the Head of Finance, Governance and Assurance (Section 151 Officer)

Contact: James Walton  Tel: 01743 255001

            RESOLVED:

i)             That the overall Collection Fund estimated surplus of £6.109m be noted for the year ending 31^st March 2017, comprised of an estimated surplus of £2.669m for Council Tax and an estimated surplus of £3.440m for Non-Domestic Rates (NDR).

ii)            That the distribution of the Collection Fund estimated surplus for Council Tax and NDR to the major / relevant precepting authorities and the Secretary of State, be noted.

iii)           That Shropshire Council’s share of the overall estimated deficit of £4.162m, comprised of an estimated surplus of £2.183m for Council Tax and an estimated deficit of £1.979m for NDR, be noted.

iv)           That the inclusion of Shropshire Council’s share of the overall estimated deficit in the 2017/18 budget be noted.

The Leader and Portfolio Holder for Strategy, Financial Strategy, Budget and Business Plan presented a report from the Head of Finance, Governance and Assurance [s151 Officer] on estimated Collection Fund surpluses/deficits for 2016/17 for Council Tax and NDR for the year ending 31 March 2017.

In answer to a Member’s query, the Head of Finance, Governance and Assurance [s151 Officer] explained that the Council’s percentage collection rate could change from year to year and the fund dropped to zero to start afresh in the next financial year.

RESOLVED:

i)             That the overall Collection Fund estimated surplus of £6.109m be noted for the year ending 31^st March 2017, comprised of an estimated surplus of £2.669m for Council Tax and an estimated surplus of £3.440m for Non-Domestic Rates (NDR).

ii)            That the distribution of the Collection Fund estimated surplus for Council Tax and NDR to the major / relevant precepting authorities and the Secretary of State, be noted.

iii)           That Shropshire Council’s share of the overall estimated deficit of £4.162m, comprised of an estimated surplus of £2.183m for Council Tax and an estimated deficit of £1.979m for NDR, be noted.

iv)           That the inclusion of Shropshire Council’s share of the overall estimated deficit in the 2017/18 budget be noted.