Decision details

To note information about the Collection fund for the period 2017-18.

1.       That the payments to the precepting authorities of their share of the Council Tax surplus in equal instalments be approved.

      The estimated outturn in 2017-2018 is a cumulative surplus of £882,000. Based on their proportion of the 2017-2018 council tax bill, as approved by Council in March 2017 the amounts are as follows:

•     City of Wolverhampton Council £790,000

•     West Midlands Police £62,000

•     West Midlands Fire Service £30,000

2.       That the payments to central government and the precepting authority of their share of the Business Rates, also referred to as Non-Domestic Rates (NDR), deficit in equal instalments be approved.

The estimated outturn in 2017-2018 is a cumulative deficit of £1.7 million; this is as a result of a cumulative deficit totalling £5.3 million brought forward from 2016-2017 and an estimated surplus in 2017-2018 totalling £3.6 million. As prescribed by legislation the amounts are as follows:

•     City of Wolverhampton Council £936,000 surplus

•     Central Government £2.7 million deficit

•     West Midlands Fire Service £17,000 deficit

3.       That authority be delegated to the Cabinet Member for Resources, in consultation with the Director of Finance, to confirm any final changes to the forecast outturn reflecting any further information received ahead of the statutory deadline of 31 January 2018.