Agenda item

*RESOLVED –

That the estimated deficit on the Council Tax Collection Fund of £704,062 for the financial year 2020/21 be agreed and allocated to the major precepting authorities as detailed in Appendix A of the officer’s report.

REASON FOR DECISION

To fulfil a statutory requirement and to feed into the budget setting process for 2021/22.

The Acting Chief Finance Officer presented the Collection Fund revised estimates for 2020/21 which predicted an estimated deficit of £704,062 on the Council Tax elements of the Collection Fund.

The report noted that the deficit would usually be recovered in the following financial year (2021/22) from all precepting authorities. However, due to the Covid19 pandemic, billing authorities were being allowed to spread the deficit over the next three financial years from 2021/22 to 2023/24. Therefore £260,830 would be recovered in 2021/22 and £221,616 in each of 2022/23 and 2023/24.

*RESOLVED –

That the estimated deficit on the Council Tax Collection Fund of £704,062 for the financial year 2020/21 be agreed and allocated to the major precepting authorities as detailed in Appendix A of the officer’s report.

REASON FOR DECISION

To fulfil a statutory requirement and to feed into the budget setting process for 2021/22.