Issue - meetings

Prudential Code Report

 

 

Meeting: 04/02/2014 - Executive (Item 20)

20 The Prudential Code for Capital Finance in Local Authorities (incorporating the Annual Statement of Minimum Revenue Position) pdf icon PDF 72 KB

To consider the report of the Assistant Director Finance.

 

Scrutiny Committee – Resources considered the report at its meeting on 29 January 2013 and its comments will be reported.

Additional documents:

Decision:

Agreed

 

 

That it is recommended to Council to adopt the:-

 

(1)          Prudential Indicators set out in Appendix A–C; and

 

(2)          Annual Statement of Minimum Revenue Provision for the Council.

 

 

Reason for Decision:

 

 

As set out in the report.

 

 

Minutes:

The report of the Assistant Director Finance was submitted setting out the proposed 2014/15 prudential indicators for capital finance for adoption by the Council and setting the annual statement for Minimum Revenue Provision (MRP). The report set out the maximum that the Section151 Officer was allowed to borrow to cover the Operational Boundary and day to day Cashflow needs of the Council.

 

Scrutiny Committee – Resources considered the report at its meeting on 22 January 2014 and the support and comments of the Members were noted.

 

RECOMMENDED to Council to adopt the:-

 

(1)          Prudential Indicators set out in Appendix A–C; and

 

(2)          Annual Statement of Minimum Revenue Provision for the Council.

 

Meeting: 22/01/2014 - Scrutiny Committee - Resources (Item 10)

10 The Prudential Code for Capital Finance in Local Authorities (Incorporating the Annual Statement of Minimum Revenue Provision) pdf icon PDF 71 KB

To consider the report of the Assistant Director Finance.

Additional documents:

Minutes:

The Assistant Director Finance presented a report, which set out the proposed 2014/15 prudential indicators for capital finance for adoption by the Council, and to set the annual statement of Minimum Revenue Provision (MRP).  The prudential indicators covering a period of the next three years was set out in Appendices A to C.  The report also confirmed that the requirement to produce an annual strategy of minimum revenue provision for repayment of debt, had been met.

 

Scrutiny Committee - Resources noted the report and recommended that Executive approve the adoption by Full Council, of the following:-

 

(1)     Prudential Indicators set out in Appendices A – C of the report; and

 

(2)     Annual Statement of Minimum Revenue Provision for the City Council.