Issue - meetings
The Prudential Code for Capital Finance in Local Authorities (Incorporating the Annual Statement of Minimum Revenue Provision)
Meeting: 09/02/2021 - Executive (Item 16)
PDF 257 KBTo consider the report of the Director Finance.
Additional documents:
Decision:
Agreed:
RECOMMENDED that Council adopt:-
(1) the Prudential Indicators set out in Appendix A-C of the report presented to the meeting; and
(2) the Annual Statement of Minimum Revenue Provision for the Council.
Reason for Decision: As set out in the report.
Minutes:
The Executive received the report on the proposed 2021/22 prudential indicators for capital finance for adoption by the Council and to set the annual statement of Minimum Revenue Provision (MRP), which would be incorporated within the Budget Book for approval at the full Council meeting as per the statutory requirement.
Particular reference was made to the three key indicators of the capital financing requirement, the operational boundary and the authorised limit. It was noted that debt was repaid on an annuity basis.
RECOMMENDED that Council adopt:-
(1) the Prudential Indicators set out in Appendix A-C of the report presented to the meeting; and
(2) the Annual Statement of Minimum Revenue Provision for the Council.