Issue - meetings

As detailed in the recommendation.

Councillor Johnson introduced the item and explained that under the Prudential Code for Capital Finance in Local Authorities (the Prudential Code), as updated in 2017, Councils were required to set a range of Prudential Indicators for 2021/22 compared with the estimates set for:

·         Prudential Indicators for Prudence

·         Prudential Indicators for Affordability

The Strategic Finance Manager explained that the framework established by the Prudential Code was intended to support local strategic planning, local asset management planning and robust option appraisal.  The objectives of the Code were to ensure, within a clear framework, that the capital investment plans of local authorities were affordable, prudent and sustainable, and that treasury management decisions were taken in accordance with good professional practice.

RESOLVED:

That the report be approved.