Close off Rate/Valuation Book

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  • #19087
    Tracey Walker
    Participant

      Sutherland Shire

      Hi All,

      We do part year rating here at Wollongong based on date of registration in the past we have closed of supplementary levies from mid May and have provided notices to the ratepayer with a due date of 31 May which they subsequently paid without question.

      This year I have been having the discussion with my Finance Manager about closing the supplementary
      processing off at the end of April, which will then allow me to issues notices with payment due date of 31 May inline with legislation.

      I have been asked to confirm what everyone else does, so when do you close off your rate/valuation book and why?

      Regards

      #19092
      Andrew Butcher
      Keymaster

        Hi Tracey

        30 June is the last day of any processing for us EOY roll then levy on 1 July.

        Saves a lot of accrual journals.

        If you are talking supplementary close off we will finish part-year valuation changes at the end of April but continue with other changes (non-rateable or category) until the week Council adopts rates.

        Hope this is helpful.

        Regards,

        Andrew

        #19091
        Ken Bakon
        Participant

          Tracey,
          Gotta love the term “rate/valuation book” – I am imagining a giant hard-cover journal contraption…. “1970’s style.
          We at CBC and formerly at BCC have always aligned our supps with our instalment issue dates so that the due dates for the supps (like the moons) align. Therefore no supp levies after end of April>

          #19090
          Michael Cherry
          Participant

            Newcastle City

            Hey Tracey – Newcastle is like Campbelltown – we finish issuing supp notices as at end of April. But process the odd exemption request/category change until the week prior to the Making of the Rate Report to Council is compliled in mid-June.

            Cheers
            Mick

            #19089
            Cherie Muir
            Participant

              Shoalhaven

              Hi Trace, Randwick the same … no more supps after 31 March (issuing last supp notices in April for plans registered prior to 1 April …. We used to rate from date rego but aligned to quarterly billing a couple years ago.
              Cherie

              #19088
              Simone Fisher
              Participant

                Wollondilly

                Hi Tracey, we don’t process any supps after the end of April to align with 31 May due date.
                Simone

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