Issue - meetings
Estimated Collection Fund Outturn 2017/2018
Meeting: 14/02/2018 - Cabinet (Item 153)
153 Estimated Collection Fund Outturn 2017/2018 
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Lead Member – Councillor David Minnery – Portfolio Holder for Finance
Report of the Head of Finance, Governance and Assurance [s151 Officer]
Contact: James Walton Tel: 01743 255001
Decision:
RESOLVED:
i. That the overall Collection Fund estimated deficit of £2.712m for the year ending 31st March 2018, comprised of an estimated surplus of £2.784m for Council Tax and an estimated deficit of £5.496m for Non-Domestic Rates (NDR), be noted.
ii. That the distribution of the Collection Fund estimated surplus for Council Tax and deficit for 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 £0.130m, comprised of an estimated surplus of £2.293m for Council Tax and an estimated deficit of £2.423m for NDR, be noted.
iv. That the inclusion of Shropshire Council’s share of the overall estimated deficit in the 2018/19 budget be noted.
Minutes:
The Portfolio Holder for Finance presented a report from the Head of Finance, Governance and Assurance [s151 Officer] detailing the estimated Collection Fund surpluses/deficits for 2017/18, calculated as at 15 January 2018 for Council Tax and as at 31 January 2018 for Non-Domestic Rates, for the year ending 31 March 2018.
RESOLVED:
i. That the overall Collection Fund estimated deficit of £2.712m for the year ending 31st March 2018, comprised of an estimated surplus of £2.784m for Council Tax and an estimated deficit of £5.496m for Non-Domestic Rates (NDR), be noted.
ii. That the distribution of the Collection Fund estimated surplus for Council Tax and deficit for 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 £0.130m, comprised of an estimated surplus of £2.293m for Council Tax and an estimated deficit of £2.423m for NDR, be noted.
iv. That the inclusion of Shropshire Council’s share of the overall estimated deficit in the 2018/19 budget be noted.