Issue - meetings

Report of Chief Finance Officer

Lead Cabinet member: Councillor Stephen Holt

(Key decision):

(1) To agree the provisional Council Tax Base of 34,754.0 for 2022/23.

(2) To agree that the Chief Finance Officer, in consultation with the Portfolio Holder for Finance, determine the final amounts for the Council Tax Base for 2022/23.

(3) To agree that the Chief Finance Officer, in consultation with the Portfolio Holder for Finance, determine net yield from Business Rate income for 2022/23.

The Cabinet considered the report of the Chief Finance Officer, asking them to approve the Council Tax Base and net yield from Business Rate Income for 2022/23, in accordance with the Local Government Finance Act 1992.

In presenting the report, the Chief Finance Officer reported a correction to paragraph 4.3 of the report that should read:

“The current level of Council Tax collection for mid-year is forecast to show an in-year surplus balance of £0.996m at the end of 2021/22. However, a current collection rate of 96.52% is considered as high for 2022/23 and therefore the rate has been reduced to 96.06%.”

The Chief Finance Officer added that this was necessary as the Council was anticipating a difficult financial environment, following the withdrawal of several Government support packages and therefore the Council was taking the appropriate prudent action. The revised wording was unanimously accepted by Cabinet.

Resolved (Key decision):

(1) To agree the provisional Council Tax Base of 34,754.0 for 2022/23.

(2) To agree that the Chief Finance Officer, in consultation with the Portfolio Holder for Finance, determine the final amounts for the Council Tax Base for 2022/23.

(3) To agree that the Chief Finance Officer, in consultation with the Portfolio Holder for Finance, determine net yield from Business Rate income for 2022/23.

Reason for decisions:

Cabinet is required to approve the Tax Base which will be used for the purposes of calculating the 2022/23 Council Tax.