Decision details

The Cabinet considered the forecast Collection Fund outturn position for 2017/18, the setting of the Council Tax Base for 2018/19 and providing a forecast for Business Rates income for 2018/19 and then agreed that

·         a forecast Collection Fund deficit of £1.941m in 2017/18 relating to a

Council Tax surplus of £1.287m and Business Rates deficit of £3.228m be declared;

·         the 2018/19 Council Tax Taxbase for budget setting purposes of 93,361.2 Band D equivalent properties be approved;

·         the 2018/19 forecast for Business Rates income of £83.135m be provisionally approved; and

·         the use of the Collection Fund 2016/17 growth funds and 2017/18 forecast position declared to support the Council’s MTFP and to increase the Council’s Capital Programme Investment Reserve as part of the Reserves Policy be approved.

(2) The decision to vary the Business Rates forecast presented in Table 6 be delegated to the Borough Treasurer in consultation with the Cabinet Member for Reform and Governance.

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