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APPENDIX
B
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MAIDSTONE BOROUGH COUNCIL
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POLICY AND RESOURCES COMMITTEE
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ESTIMATED
BUSINESS RATES INCOME 2015/16
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£
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Central
Government
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29,262,538
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Maidstone
Borough Council
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23,410,030
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Kent
County Council
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5,267,257
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Kent Fire
Authority
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585,251
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Total
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58,525,075
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ESTIMATED
SURPLUS/(DEFICIT) AT 31 MARCH 2016
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£
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Opening
balance (at 31/3/15)
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612,939
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Gross
rates payable in respect of 2015/16
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67,863,614
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Transitional
relief
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0
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Transitional
protection
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26,520
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Mandatory
reliefs
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-8,280,620
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Discretionary
reliefs
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-1,143,241
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- Total
charges
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-58,940,076
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Projected
surplus for the year
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139,136
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Utilisation of
fund balance
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£
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Actual surplus at 31
March 2015
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612,939
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Less anticipated
surplus - (2014/15 Estimate)
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71,089
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541,850
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Add Projected
Surplus/deficit 2015/16
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139,136
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Projected Surplus at
31 March 2016
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680,986
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Distribution
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£
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%
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Central
Government
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340,493
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50
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Maidstone
Borough Council
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272,394
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40
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Kent
County Council
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61,289
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9
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Kent
Fire Authority
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6,810
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1
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Total
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680,986
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100
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