Content

Salford
City Council - Record of Decision
 
I,
Councillor Jack Youd, Lead Member for Finance, Support
Services and Industrial
Relations, in exercise of the powers contained within the Council
Constitution, do
hereby:
 
Approve
that a surplus of £3.402m be declared as the estimated
Collection Fund balance as at
31st March 2024 in respect of Council Tax.
 
The reasons are: 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.
 
Options considered and rejected: Other
estimated balances based on a variety of collection rates modelled
to assess the likely impacts on the Collection Fund balance.
 
Assessment of
Risk:Low – the
Collection Fund is closely monitored during the year and will be
reviewed at outturn 2023/24. Any actual surplus or deficit at that
stage will be factored into future estimated balance
calculations.
 
The source of funding
is: A £3.402m 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 2024/25.
 
Legal Advice
obtained:Jeanette Williams, Principal Solicitor
Regulation 10(1) of the Local
Authorities (Funds) (England) Regulations 1992 provides that a
billing authority shall estimate whether there is a surplus or
deficit in its collection fund for the preceding financial year,
and if so, the amount of that surplus or deficit in January every
year.
Under Regulation 11, any
surplus or deficit estimated by a billing authority shall
be shared among, or be borne between,
that authority and its relevant major precepting
authorities.
A billing authority shall within 7 working days of
the day on which a billing authority makes an estimate under
regulation 10(1) inform its relevant major precepting authorities
of the amount of any surplus or deficit and the amount equal to so
much of any such surplus or deficit as, that billing authority
calculates to be each relevant major precepting authority’s
share or the amount which must be borne by each such
authority.
 
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.
 
Contact
Officer: David Eden           
Tel No. 793 3228 e-mail: david.eden@salford.gov.uk
 
This decision is not subject to
consideration by another Lead Member.
 
The appropriate scrutiny panel to call-in
the decision is the Overview
and Scrutiny Board.
 

 
Signed: Councillor Jack Youd                                   
Dated:
5th January 2024
Lead Member for Finance, Support Services and Industrial
Relations
 

 
This decision was published on
5th January 2024.
 
This decision will come into force at
4.00 p.m. on 12th January 2024, unless it is called-in in accordance with the
decision-making process rules.