Land charges financial statement

Under Section 9 the Local Authorities (England) (Charges for Property Searches) Regulations 2008, Taunton Deane Borough Council is required to publish the total income and costs for the previous financial year.

2016-2017 financial year

Number of Searches

Fees and charges 2017-2018

The Council has used the following estimates of costs to calculate the Local Land Charges fees for the financial year 1 April 2017 to 31 March 2018.

Expenditure

Budgeted expenditure and recharges for the 2017-2018 financial year is £219,250.00             

Income

Budgeted income from Land Charges fees for the 2017-2018 financial year is £212,036.89

Searches

Search volumes have been forecast by taking actual search numbers for the previous 12 months and adjusted to produce a 12-month base data to forecast activity for the 2017-2018 financial year.

The authority has undertaken a time recording exercise for each employee engaged in the discharge of its property search functions.  It can demonstrate the cost of the service and the charges made for services in accordance with the regulations.

The fee/cost provision is continually monitored to ensure that the authority achieves a break even position as required by the regulations.