Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Salford City Council - Record of Decision
I, Councillor Bill Hinds, Lead member for Finance and Support Services, in exercise of the powers contained within the Council Constitution, do hereby approve that a £0.963m surplus be declared as the estimated Collection Fund balance as at 31st March 2020 in respect of council tax.
The Collection Fund regulations require a local authority to estimate the balance on its Collection Fund as at 31st March each year by 15th January and to notify each precepting authority. Any such balance is to be distributed to/borne by the council and the Greater Manchester Combined Authority (GMCA in relation to their police, fire and rescue and general mayoral functions) in proportion to the value of their respective demand and precept.
Assessment of Risk: Low – the Collection Fund is closely monitored during the year and will be reviewed at outturn 2019/20. Any actual surplus or deficit at that stage will be factored in to future estimated balance calculations.
The source of funding is: a £0.963m surplus declared as the fund balance means that distributions will be made to the council’s General Fund and GMCA in relation to their police, fire and rescue and general mayoral responsibilities in 2020/21.
Financial Advice obtained: the report is produced by the corporate accountancy team.
Procurement Advice obtained: n/a
The following documents have been used to assist the decision process.
Various reports and papers including council tax system reports and the Local Authorities (Funds) (England) Regulations 1992.
This decision is not subject to consideration by another Lead Member.
FOR DEMOCRATIC SERVICES USE ONLY
This decision was published on 6th January 2020.
Publication date: 06/01/2020
Date of decision: 06/01/2020
Decided at meeting: 06/01/2020 - Lead Member for Finance and Support Services Briefing
Effective from: 14/01/2020