Issue - meetings

The report of the Executive Manager – Finance and Corporate Services is attached.

The Portfolio Holder for Finance presented the report of the Executive Manager – Finance and Corporate Services that set out the statutory Council Tax Resolution for 2019/20. It was noted that the resolution was a statutory requirement for billing authorities to approve prior to the billing and collection of Council Tax for the forthcoming financial year. Councillor Moore informed Council that Council Tax for a Band D property in Rushcliffe had been set for £137.79 for the coming year, the lowest Council Tax in Nottinghamshire and one of the lowest in the East Midlands.

The resolution consolidated the precepts of Nottinghamshire County Council, Nottinghamshire Police and Crime Commissioner, Nottinghamshire Fire Authority, Rushcliffe Borough Council and individual Town and Parish Councils. The recommendations were seconded by Councillor Edyvean.

It was RESOLVED that it be noted that the Council calculated the following amounts for the year 2019/20 in accordance with the Local Government Finance Act 1992 as amended (the “Act”);

a) Rushcliffe Borough Council’s Council Tax Base for 2019/20 has been calculated as 43,178.5 [Item T in the formula in Section 31B of the Local Government finance Act 1992 as amended by Section 74 of the Localism Act 2011 (the “Act”)]

b) For dwellings in those parts of the Borough to which a Parish Precept relates as detailed in Appendix Ai

c) The Council Tax requirement for the Council’s own purposes for 2019/20 (excluding Parish Precepts) is £5,949,566

d) That the following amounts be now calculated by the Council for the year 2019/20 in accordance with Sections 31 to 36 of the Local Government Finance Act 1992 as amended by Section 74 of the Localism Act 2011

i. £36,682,812 being the aggregate of the amounts which the Council estimates for the items set out in Section 31 A (2)(a) to (f) of the Act taking into account all precepts issued to it by Parish Councils. (Gross expenditure, parish and special expenses, any contingencies, any provisions for reserves)

ii. £27,870,800 being the aggregate of the amounts which the Council estimates for the items set out in Section (A) (3) (a) to (d) of the Act. (Gross income, any use of reserves)

iii. £8,812,012 being the amount by which the aggregate at (d)(i) above exceeds the aggregate of (d) (ii) above, calculated by the Council, in accordance with Section31A (4) of the Act, as its Council Tax Requirement. [Item R in the formula in Section 31B of the Act] (Expenditure less income)

iv. £204.08 being the amount at (d) (iii) above [Item R], all divided by Item T (a) above, calculated by the Council, in accordance with Section 31B (1) of the Act, as the basic amount of its council tax for the year (including parish precepts and special expenses)

v. £2,862,412 being the aggregate amount of the Parish Precepts and Special Expenses referred to in Section 34 (3) of the Act. (Total amount of parish precepts as per Appendix Ai)

vi. £137.79 being the amount at (d) (iii) above less  ...  view the full minutes text for item 47