AQW 7392/17-22


Mr Andrew Muir
Alliance Party
North Down


Tabled Date: 22/09/2020
Answered On Date: 28/09/2020
Priority Written: Yes


Question:
To ask the Minister of Finance to detail the current forecast variance between Estimated Penny Product and Actual Penny Product for 2020/21 for each district Council area.


Answer:
The table below shows the forecast 2020/21 rate revenue for each District Council based on rating data as at 31st August 2020, the rate revenue paid based on the estimated process and the difference (ie the finalisation). Where the forecast rate revenue is higher than the estimate, a positive finalisation is forecast; similarly, where the estimate is higher than the forecast rate revenue raised, a negative finalisation is forecast.
The forecast rate revenue figures are subject to change throughout the remainder of the 2020/21 rating year as gross income from rate assessments and the various rating losses move, and as such the finalisation can change in a positive or negative way. Land & Property Services officials monitor the figures and provide monthly updates to Council Finance Officers, together with a suite of management information to assist them with their budgetary planning process.
District council
Forecast Rate Revenue
(£)
Rate Revenue Paid based on EPP (£)
Finalisation (£)
Antrim & Newtownabbey
49,362,274
48,813,291
548,983
Ards and North Down
52,202,956
51,972,826
230,130
Armagh, Banbridge & Craigavon
68,017,912
67,010,379
1,007,533
Belfast
161,798,309
162,028,158
(229,849)
Causeway Coast & Glens
47,639,042
46,890,320
748,722
Derry & Strabane
58,128,349
57,847,334
281,015
Fermanagh & Omagh
36,489,642
36,097,855
391,787
Lisburn & Castlereagh
48,708,366
48,682,118
26,248
Mid & East Antrim
49,766,791
49,721,379
45,412
Mid Ulster
38,538,341
37,514,591
1,023,750
Newry Mourne & Down
56,986,289
56,346,735
639,554
Total
667,639,377
662, 924,986
4,714,391