Decision details
Minimum Revenue Provision - 2015/16 Policy
Decision Maker: Flintshire County Council
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
To present to Council the recommendations of
the Cabinet in relation to the setting of a prudent Minimum Revenue
Provision (MRP) for the repayment of debt.
Decision:
(a) That the County Council accept the recommendations of the Cabinet, being that:-
- Option 1 (Regulatory Method) be used for the calculation of the Minimum Revenue Provision in 2015/16 for all capital expenditure funded from supported borrowing
- Option 3 (Asset Life Method) be used for the calculation of the Minimum Revenue Provision in 2015/16 for all capital expenditure funded from unsupported (prudential) borrowing
(b) That the County Council accept the recommendations of the Cabinet for the HRA, being that:
- Option 2 (Capital Financing Requirement Method) be used for the calculation of the HRA’s Minimum Revenue Provision in 2015/16 for all HRA capital expenditure funded by debt.
Report author: Andrew Elford
Publication date: 16/04/2015
Date of decision: 17/02/2015
Decided at meeting: 17/02/2015 - Flintshire County Council
Accompanying Documents:
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