Agenda item

Report of the Head of Finance / Acting CFO and S151 Officer

Report of the Interim Finance Manager

In accordance with Rule 18.3.2 of Part 4 of the Constitution, as required by Regulation 4 and Part 3 of Schedule 2 of the Local Authorities (Standing Orders) (England) Regulations 2001 (as amended), the names of the Members who cast a vote for the motion or against the motion or who abstain from voting will be recorded for this item of business and will be recorded in the minutes of the meeting’s proceedings.

The Council gave consideration to the report (as set out at pages 12 -17 of the agenda reports pack), which asked it to set and approve the Council Tax rates for the Borough for 2024/25.

The recommendations were moved en bloc by Councillor I K Ridley, seconded by Councillor F S Broadley and

RESOLVED THAT:

A.        Under powers delegated to the Chief Financial Officer, the Council has calculated the amount of £18,367.98 as its Council Tax base for the financial year 2024/25 in accordance with the Local Authorities (Calculation of Council Tax Base) (England) Regulations 2012 be noted;

B.        It be noted that the Council Tax requirement for the Council’s own purposes for 2024/25 is £4,666,27;

C.        The following amounts be calculated by the Council for the year 2024/25 in accordance with sections 30 to 36 of the Local Government Finance Act 1992 (as amended):

(i)       £40,841,345 being the aggregate of the amounts which the Council estimates for the items set out in section 31A(2) of the Act;

(ii)      £36,175,069 being the aggregate of the amounts which the Council estimates for the items set out in section 31A(3) of the Act;

(iii)    £4,666,276 being the amount by which the aggregate at C(i) above exceeds the aggregate at C(ii) above, calculated by the Council, in accordance with section 31 A (4) of the Act, as its Council Tax Requirement for the year;

(iv)    £254.04 being the amount at C(iii) divided by the amount at A above, calculated by the Council, in accordance with section 3 B of the Act, as the basic amount of its Council Tax for the year; and

(v)      Valuation Bands 2024/25 Being the amounts given by multiplying the amount at C(iv) 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 amount to be taken into account for the year in respect of categories of dwellings listed in different valuation bands.

D.        It is noted that for the year 2024/25, the Police and Crime Commissioner for Leicester/shire, and the Leicester/shire and Rutland Combined Fire Authority have stated the following amounts in precepts issued to the Council, in accordance with section 40 of the Local Government Finance Act 1992, for each of the categories shown below and that Leicestershire County Council have indicated that their provisional precept will be confirmed on 21 February 2024.

Precepting Authorities - Valuation Bands 2024/25

E.            Having calculated the aggregate in each case of the amounts at C(v) and D above, the Council, in accordance with section 30(2) of the Local Government Finance Act 1992, set the following amounts as the amounts of Council Tax for the year 2024/25 for each of the categories of dwellings shown below.

Valuation Bands

In accordance with Rule 18.3.2 of Part 4 of the Constitution, as required by Regulation 4 and Part 3 of Schedule 2 of the Local Authorities (Standing Orders) (England) Regulations 2001 (as amended), the names of the Members who casted a vote for the motion or against the motion or who abstained from voting were recorded as follows:

Councillor R E R Morris left the meeting at 7:20 pm and did not return.