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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 BID levy.
The expenditure of the authority 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).
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.
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