Agenda item

Purpose of Report

In light of the report on the Medium-Term Financial Strategy, as detailed at Minute 86, to consider the City Council’s council tax requirement, together with the requirements of the County Council and the Police and Crime Commissioner for Lincolnshire and to allow the Executive to make a formal recommendation to Council for the overall levels of council tax for 2023/24.

Decision

That the following recommendations be made to the Council:

(1)          That the recommendation of the Executive on 3 January 2023 be accepted that the Council Tax Base for 2023/24, as calculated in accordance with The Local Authorities (Calculation of Council tax Base) (England) Regulations 2012,to be £25,249.48.

(2)         That the following amounts be calculated for the year 2023/24 in accordance with Sections 31 to 36 of the Local Government Finance Act 1992:

(a)  £119,284,490 being the aggregate of the amounts which the Council estimated for the items set out in Section 31A(2) of the Act taking into account all precepts issued to it by Parish Councils.

(b)  £111,728,580 being the aggregate of the amounts which the Council estimated for the items set out in Section 31A(3) of the Act.

(c)  £7,555,910 being the amount by which the aggregate at 2(a) above exceeded the aggregate at 2(b) above, calculated by the Council in accordance with Section 31A(4) of the Act as its Council Tax requirement for the year. (Item R in the formula in Section 31A (4) of the Act).

(d)  £299.25 being the amount at 2(c) above (Item R), all divided by Item T (1 above), calculated by the Council, in accordance with Section 31B(1) of the Act, as the basic amount of its Council Tax for the year (including Parish precepts).

(e)  £0 being the aggregate amount of all special items (Parish precepts) referred to in Section 34(1) of the Act.

(f)  £299.25 being the amount at 2(c) above less the amount at 2(e) 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.

(g)  City of Lincoln Council

                        being the amounts given by multiplying the amount at 2(f) above by the number which, in proportion set out in Section 5(1) of the Act, was applicable to dwellings listed in a particular band divided by the number which in proportion was 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 for the year in respect of categories of dwellings listed in different bands.

(3)          That it be noted that for the year 2023/24 Lincolnshire County Council had stated the following amounts in precepts issued to the Council, in accordance with the dwelling bandings shown below:

            Lincolnshire County Council

(4)         That it be noted that for the year 2023/24 Police & Crime Commissioner Lincolnshire had provisionally stated the following amounts in precepts issued to the Council, in accordance with the dwelling bandings shown below:

            Police & Crime Commissioner Lincolnshire

(5)         That having calculated the aggregate in each case of the amounts at 2(g), 3 and 4 above, the Council, in accordance with Section 30(2) of the Local Government Finance Act 1992, hereby set the following as the amounts of Council Tax for the year 2023/24 in accordance with the dwelling bandings shown below:

            Total Council Tax Charge 2023/24

Alternative Options Considered and Rejected

None.

Reasons for the Decision

The net General Fund Budget requirement as set out in the Medium Term Financial Strategy report totalled £14,402,660, which included a contribution to balances of £191,110. For 2023/24 a council tax increase of 2.91% had been applied. The council tax requirement for 2023/24 was £7,555,910. By reference to the Band D level, the 2023/24 council tax would rise by £8.46 to £299.25 per annum.

The requirements of Lincolnshire County Council and the Lincolnshire Police and Crime Commissioner were detailed in the report.