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London Boroughs (Funds)

Volume 113: debated on Monday 30 March 1987

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asked the Secretary of State for the Environment (1) what payments from the former Greater London council and London residuary body funds,

GLC revenue balances to be distributed by 31 March 1987As per cent, of budgeted total revenue expenditure in 1986–87Capital receipts arising in 1986–87As per cent, of net capital expenditure forecast for 1986–87
Inner London
Camden2,335,6441·62,002,0002·7
Greenwich2,845,4552·61,241,0005·3
Hackney2,475,2821·82,184,0004·0
Hammersmith and Fulham1,985,2322·61,119,0005·1
Islington2,176,2462·12,014,0004·2
Kensington and Chelsea1,791,9833·6921,0004·9
Lambeth3,216,9451·92,464,0003·3
Lewisham3,057,5462·41,612,0007·3
Southwark2,840,1852·12,197,0004·7
Tower Hamlets1,904,8741·51,154,0002·9
Wandsworth3,402,6893·81,274,0004·0
Westminster2,397,5592·51,001,0004·3
Outer London
Barking and Dagenham1,968,1062·8286,00013·0
Barnet3,928,3083·1476,00013·9
Bexley2,877,0713·1343,0002·6
Brent3,357,9001·81,589,0003·2
Bromley3,930,9433·4462,0004·6
Croydon4,200,9983·0582,0003·2
Ealing3,803,1612·6920,0003·1
Enfield3,468,5572·8470,0001·9
Haringey2,635,9981·61,850,0006·1
Harrow2,693,1232·9383,0001·6
Havering3,157,6643·2361,00021·2
Hillingdon3,058,8642·9516,0009·4
Hounslow2,605,6992·3659,0006·1
Kingston-upon-Thames1,766,5533·1167,0001·6
Merton2,160,4383·0334,0003·3
Newham2,758,5101·71,532,0004·3
Redbridge2,963,7753·1395,0003·2

including capital transfer, he estimates will be paid to each London borough; what he expects to be the due date for payment; what percentage this represents of each borough's 1986–87 budget; and if he will make a statement;

(2) what payments have been made to each London borough so far of balances of the former Greater London council and London residuary body; when and how much was paid; what percentage this represents of each borough's 1986–87 budget; and if he will make a statement.

The London residuary body is distributing two kinds of cash to rating authorities in Greater London: the closing revenue balances of the Greater London council, and capital receipts accruing to the LRB, in each case after deducting amounts required for the LRB's own purposes.The precise method and timing of distribution of revenue balances is a matter for LRB, which estimates that it will distribute £89 million by 31 March 1987. The amounts to be distributed to each London borough are shown, and expressed as a percentage of the recipient council's budgeted total revenue expenditure for 1986–87.Capital moneys arising in 1986–87 must, so far as possible, be distributed by 31 March 1987, with final adjustments before 30 June 1987, in accordance with the Local Government Reorganisation (Capital Money) (Greater London) Order 1987 (SI No. 118). The LRB estimates that the total amount to be distributed in respect of 1986–87 will be £31·7 million. The provisional sums receivable by each rating authority are shown, arid expressed as a percentage of the authority's net capital expenditure forecast for 1986–87 as shown on its capital estimates and commitments return.

GLC revenue balances to be distributed by 31 March 1987

As per cent, of budgeted total revenue expenditure in 1986–87

Capital receipts arising in 1986–87

As per cent, of net capital expenditure forecast for 1986–87

Richmond-upon-Thames2,115,6483·1322,0004·8
Sutton2,234,2093·2228,0002·0
Waltham Forest2,833,5982·2615,0004·4

In addition, the LRB has forecast that a further £40 million of revenue balances and £109·7 million of capital receipts will be distributed to rating authorities in 1987–88.