Issue - decisions

Calculation of Business Rates 2023/24, Council Tax Base for 2023/24 and the projected Collection Funded Surplus / Deficit for 2022/23

 

 

07/12/2022 - Calculation of Business Rates 2023/24, Council Tax Base for 2023/24 and the projected Collection Funded Surplus / Deficit for 2022/23

The Cabinet:

 

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 2023/24 of 40,534.4.

 

1.2.         Noted the estimated Council Tax Collection fund Surplus of (£516,000) and the estimated Business Rates Collection Fund Surplus of (£606,000) for 2022/23.

 

1.3.         Delegated authority to the Cabinet Member for Finance & Commissioning and the Chief Financial Officer (Section 151) to:

 

·       Complete and certify the NNDR1 for 2023/24 on behalf of the Council.

 

·       Update the Council Taxbase for 2023/24 and Collection Fund projections for 2022/23 in the event of changes to guidance or the need for significant changes to underlying assumptions.