74 Council tax calculations by billing authorities in England
Localism Act 2011 (2011 c 20) | Legislation

74  Council tax calculations by billing authorities in England

Before section 32 of the Local Government Finance Act 1992 insert—

“31A Calculation of council tax requirement by authorities in England

(1)     In relation to each financial year a billing authority in England must make the calculations required by this section.

(2)     The authority must calculate the aggregate of—

(a)     the expenditure which the authority estimates it will incur in the year in performing its functions and will charge to a revenue account, other than a BID Revenue Account, for the year in accordance with proper practices,

(b)     such allowance as the authority estimates will be appropriate for contingencies in relation to amounts to be charged or credited to a revenue account for the year in accordance with proper practices,

(c)     the financial reserves which the authority estimates it will be appropriate to raise in the year for meeting its estimated future expenditure,

(d)     such financial reserves as are sufficient to meet so much of the amount estimated by the authority to be a revenue account deficit for any earlier financial year as has not already been provided for,

(e)     any amounts which it estimates will be transferred in the year

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