Issue - meetings
Estimated Collection Fund Outturn For 2023/2024
Meeting: 21/02/2024 - Cabinet (Item 114)
114 Estimated Collection Fund Outturn For 2023/2024 
PDF 364 KB
Lead Member – Councillor Gwilym Butler – Portfolio Holder for Finance, Corporate Resources and Communities
Report of James Walton – Executive Director of Resources
Decision:
RESOLVED:
That Cabinet:
i) Noted the overall Collection Fund estimated deficit of £6.285m for the year ending 31st March 2024, comprised of an estimated deficit of £1.016m for Council Tax and an estimated deficit of £5.269m for Non-Domestic Rates (NDR), and the reasons for this.
ii) Noted the distribution of the Collection Fund estimated deficit for Council Tax and NDR to the major/relevant precepting authorities and the Secretary of State.
iii) Noted Shropshire Council’s share of the overall estimated deficit of £3.612m, comprised of an estimated deficit of £0.835m for Council Tax and an estimated deficit of £2.777m for NDR.
iv) Noted the inclusion of Shropshire Council’s share of the overall estimated deficit for Council Tax and NDR in the 2024/25 budget
Minutes:
The Portfolio Holder for Finance, Corporate Resources and Communities presented the report which set out the projected outturn as deficits for Council Tax and Non-Domestic Rates (NDR) for the year ending 31st March 2024, and how they affect the budget for 2024/25.
RESOLVED:
That Cabinet:
i) Noted the overall Collection Fund estimated deficit of £6.285m for the year ending 31st March 2024, comprised of an estimated deficit of £1.016m for Council Tax and an estimated deficit of £5.269m for Non-Domestic Rates (NDR), and the reasons for this.
ii) Noted the distribution of the Collection Fund estimated deficit for Council Tax and NDR to the major/relevant precepting authorities and the Secretary of State.
iii) Noted Shropshire Council’s share of the overall estimated deficit of £3.612m, comprised of an estimated deficit of £0.835m for Council Tax and an estimated deficit of £2.777m for NDR.
iv) Noted the inclusion of Shropshire Council’s share of the overall estimated deficit for Council Tax and NDR in the 2024/25 budget