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Regulation 16
1. For each year a billing authority which is required to keep a BID Revenue Account (“the account”) shall carry to the credit of the account amounts equal to the items listed in this Part of this Schedule.
Sums receivable for the year under sections 43 of the 2003 Act and paragraph 3 of Schedule 2 to the 2009 Act.
Sums receivable by the authority for the year in respect of services or facilities provided by it (excluding contributions made by it to the BRS-BID under section 43(2)(a) of the 2003 Act) under the BRS-BID arrangements.
The following, namely—
(a)any sums debited to the account for a previous year under sub-paragraph (a) of item 3 of Part 2 of this Schedule which have been recovered by the authority during the year; and
(b)any amount by which, in the opinion of the authority, any provision debited to the account for a previous year under sub-paragraph (b) of that item should be reduced.
Any credit balance shown in the account for the previous year.
2. For each year a billing authority 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.
The cost to the authority for the year in respect of collecting the BRS-BID levy.
The expenditure of the authority for the year in respect of the BRS-BID arrangements (including sums paid to a third party to undertake the works or services under the BRS-BID arrangements).
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 authority, 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.
Any debit balance shown in the account for the previous year.