The Business Improvement Districts (Wales) Regulations 2005 No. 1312 (W. 94)

SCHEDULE 3 THE KEEPING OF THE BID REVENUE ACCOUNT

PART 2 Debits to the Account

2.  For each year a billing authority which is required to keep a BID Revenue Account (“the account”) must 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 authority for the year in respect of collecting the BID levy.

Item 2: BID expenditure

• 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).

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 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.

Item 4: debit balance from previous year

• Any debit balance shown in the account for the previous year.