Cabinet received a report which formed part of the preparation for setting the Council’s budget. It needed to be considered so that figures for the tax base, the Collection Fund and the amount of business rates to be collected could be used in setting the Council Tax and business rate Income and could be notified to other affected authorities.
Cabinet considered the report and RESOLVED to:
1. Endorse the calculation of the Council Tax Base for 2014/15 at a level of 51,054.03 Band D equivalent properties;
2. Note the estimated position on the Collection Fund balances as at 31st March 2014 of:
Council Tax £0
Business Rates £2,204,026 Surplus
3. Delegate to the Executive Director Resources responsibility for approving and returning the final NNDR1 return to the Secretary of State by 31st January 2014 to include any further revision to the business rates surplus 2013/14 and Business Rate income 2014/15.
Decision type: Key
Reason Key: Significantly affecting two or more electoral wards;
Decision status: Recommendations Approved
Notice of proposed decision first published: 13/12/2013
Decision due: 20 Jan 2014 by Cabinet
Lead member: Cabinet Member for Resources
Lead director: Executive Director Corporate Services
Department: Corporate Services
Contact: Steven Pilsworth, Service Director Financial Services 01733 384564 Email: Steven.Pilsworth@peterborough.gov.uk Tel: 01733 384564.
Consultation process
Relevant internal and external stakeholders.
Relevant Scrutiny Committee: Sustainable Growth and Environment Capital
Meeting Open to Public: Yes