PART 2Debits to the Account
2. For each year a district council which is required to keep a BID Revenue Account (“the account”) shall carry to the debit of the account amounts equal to the items listed in this Part of this Schedule.
Item 1: BID cost of collection
The cost to the council for the year in respect of collecting the BID levy.
Item 2: BID expenditure
The expenditure of the council for the year in respect of the BID arrangements (including sums paid to a third party to undertake the works or services under the BID arrangements).
Item 3: provision for bad or doubtful debts
The following, namely—
(a)any sums credited to the account for the year or any previous year under item 1 or 2 of Part 1 of this Schedule which, in the opinion of the council, are bad debts which should be written off; and
(b)any provision for doubtful debts which, in their opinion, should be made in respect of sums so credited.
Item 4: debit balance from previous year
Any debit balance shown in the account for the previous year.