Lead Member – Mr Mike Owen, Portfolio Holder for Finance, Resources and Support.

Report of the Head of Finance, Governance and Assurance (Section 151 Officer) is to follow.

Contact – James Walton (01743 255011)

(a)  That it be noted that the overall Collection Fund estimated surplus of £3,154,626 for the year ending 31st March 2015, comprised of an estimated surplus of £5,060,852 for Council Tax and an estimated deficit of £1,906,226 for Non-Domestic Rates (NDR).

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

(c)  That it be noted that Shropshire Council’s share of the overall estimated surplus of £3,204,413, comprised of an estimated surplus of £4,138,464 for Council Tax and an estimated deficit of £934,051 for NDR.

(d)  That the inclusion of Shropshire Council’s share of the overall estimated surplus in the 2015/16 budget be noted.

93.1    The Portfolio Holder for Finance, Resources and Support presented a report by the Head of Finance, Governance and Assurance – copy attached to the signed minutes – on the estimated Collection Fund surpluses/deficits for 2014/2015, calculated as at the end of 15^th January 2015 for Council Tax and as at 31^st January 2015 for Non-Domestic Rates, for the year ending 31^st March 2015.  The report also determined the respective shares of the estimated surpluses/deficits notifiable to the major precepting authorities.

93.2    RESOLVED:

(a)  That it be noted that the overall Collection Fund estimated surplus of £3,154,626 for the year ending 31st March 2015, comprised of an estimated surplus of £5,060,852 for Council Tax and an estimated deficit of £1,906,226 for Non-Domestic Rates (NDR).

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

(c)  That it be noted that Shropshire Council’s share of the overall estimated surplus of £3,204,413, comprised of an estimated surplus of £4,138,464 for Council Tax and an estimated deficit of £934,051 for NDR.

(d)  That the inclusion of Shropshire Council’s share of the overall estimated surplus in the 2015/16 budget be noted.