FINANCE AND RATES

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The Boards agree the estimates and set the rate in January each year for the financial year commencing on 1st April in accordance with the Land Drainage Act 1991.  All occupiers of agricultural land and/or buildings within the district are legally obliged to pay drainage rates and the local councils pay special levies to the Boards in respect of domestic and commercial properties.  The Boards hold cash reserves to enable them to respond to a heavy rainfall/flood event; the level of reserves recommended by the Auditor is 30% of net operating costs.