Issue - meetings

Calculation and Setting of the Council Tax Base 2004/05

 

 

Meeting: 03/03/2004 - Assembly (Item 110)

110 Report of the Director of Finance: Council Budget and setting of the Council Tax 2004 / 2005 pdf icon PDF 86 KB

Additional documents:

Minutes:

Received the report of the Director of Finance advising on the Council’s budget position and Council Tax for 2004 / 2005, the adoption of a medium Term Financial Strategy and a Capital Programme.

 

Agreed:

 

A  The Budget 2004 / 2005

 

1.  That it be noted that at its meeting on 13 January 2004 the Executive calculated the amount of 51,055.3 as its Council Tax Base for the year 2004 / 2005 in accordance with Regulation 3 of the Local Authorities (Calculation of Council Tax Base) Regulations 1992 made under Section 33(5) of the Local Government Finance Act 1992.

 

2.  That the following amounts be now calculated by the Council for the year 2004/2005 in accordance with Sections 32 to 36 of the Local Government and Finance Act 1992:

 

(a)

£463,630,617

being the aggregate of the amounts which the Council estimates for the items set out in Section 32(2) (a) to (e) of the Act.

 

 

 

(b)

£243,462,617

being the aggregate of the amounts which the Council estimates for the items set out in Section 32(3)(a) to (c) of the Act.

 

 

 

(c)

£220,168,000

being the amount by which the aggregate at 2(a) above exceeds the aggregate at 2(b) above, calculated by the Council, in accordance with Section 32(4) of the Act, as its budget requirement for the year.

 

 

 

(d)

£175,817,282

 

being the aggregate of the sums which the Council estimates will be payable for the year into its General Fund in respect of redistributed non?domestic rates, revenue support grant reduced by the amount of the sums which the Council estimates will be transferred in the year from its General Fund to its Collection Fund in accordance with Section 97(3) of the Local Government Finance Act 1988 and further increased by the amount of any sum which the Council estimates will be transferred from its Collection Fund to its General Fund pursuant to the directions under Section 98(4) of the Local Government Finance Act 1988 made on the 7th February 1994.

 

 

 

(e)

£868.68

being the amount at 2(c) above less the amount at 2(d) above, all divided by the amount at 1 above, calculated by the Council, in accordance with Section 33(1) of the Act, as the basic amount of its Council Tax for the year.

 

(f)  Valuation Bands

 

A

B

C

D

E

F

G

H

£

£

£

£

£

£

£

£

 

 

 

 

 

 

 

 

579.12

675.64

772.16

868.68

1,061.72

1,254.76

1,447.80

1,737.36

 

being the amounts given by multiplying the amount at 2(e) above by the number which, in the proportion set out in Section 5(1) of the Act, is applicable to dwellings listed in a particular valuation band divided by the number which in that proportion is applicable to dwellings listed in valuation Band 'D' calculated by the Council, in accordance with Section 36(1) of the Act, as the amounts to be taken into account for the year in respect of categories of dwellings listed in different valuation bands.

 

3.  That it be noted that for the year 2004 /  ...  view the full minutes text for item 110

Meeting: 13/01/2004 - Cabinet (Item 254)

254 * 2004 / 2005 Council Tax Base pdf icon PDF 107 KB

Minutes:

Received a report setting out the calculation of the Council Tax Base for 2004 / 2005.  The report also set out information on new powers available to the Council to reduce discounts for second homes and long-term empty property, and to award locally determined discounts.

 

Agreed, in order to comply with statute and assist in the calculation of the Authority’s Council Tax for 2004 / 2005:

  1. That the report on the calculation of the Council’s Tax Base for 2004 / 2005 be approved and that, pursuant to the report and in accordance with the Local Authorities (Calculation of Tax Base) Regulations 1992, the amount calculated by the London Borough of Barking and Dagenham Council as its Tax Base for the year 2004 / 2005 shall be 51,055.3 Band ‘D’ properties;
  1. That the discounts for second homes or long-term empty properties are not reduced for 2004 / 2005; and
  1. To recommend to the Assembly that locally determined discounts should not be awarded for 2004/2005.