Decision details

Collection Fund Outturn 2019/20

Decision Maker: Cabinet, Corporate Overview and Scrutiny Committee

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Decisions:

Consideration was given to a report of the Chief Finance Officer reporting the Collection Fund outturn position for 2019/20.  Members were informed there was a surplus of £0.932m, comprising:

·         £1.869m surplus relating to Business Rates;

·         £0.937m deficit relating to Council Tax.

The Council’s share of the 2019/20 Collection Fund outturn surplus was £1.057m.

 

Alternatives considered

Not reporting on financial performance puts at risk the achievement of the Council’s Medium Term Financial Plan. Effective budget management was critical to ensuring financial resources are spent in line with the budget and were targeted towards the Council’s priorities. Monitoring enabled the early identification of variations against the plan and facilitated timely corrective action.

 

RESOLVED

That the 2019/20 Collection Fund outturn position be noted.

 

Reason for resolution

The Collection Fund outturn report for 2018/19 was presented to Cabinet for noting as part of the budget monitoring process.

Report author: Rose Bennett

Publication date: 22/06/2020

Date of decision: 26/05/2020

Decided at meeting: 26/05/2020 - Cabinet

Accompanying Documents: