Issue - meetings
Minimum Revenue Position 2009
Meeting: 08/12/2009 - Executive (Item 147)
147 Annual Statement of Minimum Revenue Provision 
PDF 60 KB
To consider the report of the Head of Treasury Services.
Scrutiny Committee – Resources considered the report at their meeting on 25 November 2009 and their comments will be reported.
(Report circulated)
Decision:
The report of the Head of Treasury Services was submitted, seeking approval to the Annual Statement of Minimum Revenue Provision for the Council as required by the Local Authorities (Capital Finance and Accounting) (England) (Amendment) Regulations 2008.
Scrutiny Committee – Resources considered the report at their meeting of 25 November 2009, and their comments and support were noted.
Executive recommended that the Annual Statement of Minimum Revenue Provision for the Council be approved.
Minutes:
The report of the Head of Treasury Services was submitted, seeking approval to the Annual Statement of Minimum Revenue Provision for the Council as required by the Local Authorities (Capital Finance and Accounting) (England) (Amendment) Regulations 2008.
Scrutiny Committee – Resources considered the report at their meeting of 25 November 2009, and their comments and support were noted.
RECOMMENDED that the Annual Statement of Minimum Revenue Provision for the Council be approved.
(Report circulated)
Meeting: 25/11/2009 - Scrutiny Committee - Resources (Item 69)
69 Annual Statement of Minimum Revenue Position PDF 60 KB
To consider the report of the Head of Treasury Services – report circulated
Minutes:
The Head of Treasury Services presented a report on the Annual Statement of Minimum Revenue Provision for the Council. The Council had not made a Statement before as it had been debt-free last year and did not believe that it was necessary. However it had since been clarified that all Authorities were required to make a Statement regardless of whether they had debt.
The Head of Treasury Services outlined the Minimum Revenue Provisions (MRP) options and in respect of 2008/09 and 2009/10, the Council would match borrowing against specific capital investment and adopt the Asset Life (Equal Instalment) Method for MRP.
In response to a Member, the Head of Treasury Services confirmed that it was intended to use the same option each year.
The Scrutiny Committee - Resources supported the report and recommended approval by Executive of the Annual Statement of Minimum Revenue Provision.
(Report circulated)