Issue - meetings
Calculation of Business Rates 2021/22, Council Tax Base for 2021/22 and the projected Collection Funded Surplus/Deficit for 2020/21
Meeting: 01/12/2020 - Cabinet (Item 4.)
Calculation of Business Rates 2021/22, Council Tax Base for 2021/22 and the projected Collection Fund Surplus/Deficit for 2020/21
1.1 Approved in accordance with the relevant legislation and regulations, the Council Taxbase (Band D residential properties) for Lichfield District for the financial year 2021/22 of 38,891.4.
1.2 Noted the estimated Council Tax Collection fund Deficit of £1,322,000 and the estimated Business Rates Collection Fund Deficit of £14,627,000 for 2020/21.
1.3 Delegated authority to the Cabinet Member for Finance, Procurement, Customer Services and Revenues & Benefits and the Chief Financial Officer (Section 151) to:
· Complete and certify the NNDR1 for 2021/22 on behalf of the Council.
· Update the Council Taxbase for 2021/22 and Collection Fund projections for 2020/21 in the event of changes to guidance or the need for significant changes to underlying assumptions.