Issue - meetings

The purpose of the report is to seek approval for:

1.         the 2018/19 council tax base which, under the provisions of the Local Government Finance Act 1992, the Council is required to determine prior to approval of the Council’s budget for 2018/19; and

2.         the business rate forecast process for 2018/19 which, under the provisions of the Local Government Finance Act 2012 forms a major element of Waverley’s estimated core funding for its General Fund Budget.

Recommendation

It is recommended that

1.         the council tax base for Waverley be approved for the year 2018/19, as shown in Annexe 1; and

2.         the business rate estimates for 2018/19 be approved, as set out in the table in paragraph 4. and that authority be delegated to the Strategic Director for Finance and Resources, in conjunction with the Finance Portfolio Holder, to make any final changes necessary before the NNDR1 return is submitted to the Government on 31 January 2018.

RESOLVED that

1.         the council tax base for Waverley be approved for the year 2018/19, as shown in Annexe 1 to the report; and

2.         the business rate estimates for 2018/19 be approved, as set out in the table in paragraph 4, and that authority be delegated to the Strategic Director for Finance and Resources, in conjunction with the Finance Portfolio Holder, to make any final changes necessary before the NNDR1 return is submitted to the Government on 31 January 2018.

[Reason: to approve the council tax base and business rates estimates].