Introduction

Under Section 9 of this Regulation, the Council is required to publish the total income and costs for the previous financial year.

Financial year 2020 - 2021

Actual expenditure:

• Somerset West and Taunton – £241,180

Actual income received:

• Somerset West and Taunton – £311,899

Number of official searches:

• Somerset West and Taunton – 4,017

Local land charges – fees and charges 2021 - 202

The Council has used the following estimates to calculate the Local Land Charges fees for the financial year 1 April 2021 to 31 March 2022.

Expenditure:

• Budgeted expenditure – £231,828

Income:

• Budgeted income from Land Charges fees – £290,000

Number of searches

Search volumes have been forecast by taking actual search numbers for the previous twelve months and adjusted to produce a twelve-month base data to forecast activity for the 2021-2022 financial year.

Number of official Searches – 3,635

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.