RESOLVED:

That Members:

·       Noted the overall Collection Fund estimated surplus of £6.841m for the year ending 31st March 2023, comprised of an estimated surplus of £2.836m for Council Tax and an estimated surplus of £4.005m for Non-Domestic Rates (NDR).

·       Noted the estimated surplus/deficit incorporates the final year of the three year phasing of the 2020/21 in year deficit.

·       Noted the distribution of the Collection Fund estimated surplus for Council Tax and NDR to the major/relevant precepting authorities and the Secretary of State.

·       Noted Shropshire Council’s share of the overall estimated surplus of £4.313m, comprised of an estimated surplus of £2.331m for Council Tax and an estimated surplus of £1.982m for NDR, and how this will be applied to improve the council’s overall financial sustainability and resilience.

·       Noted the inclusion of Shropshire Council’s share of the overall estimated surplus for Council Tax and NDR in the 2023/24 budget.