Issue - decisions

Minimum Revenue Provision - 2015/16 Policy

16/04/2015 - Minimum Revenue Provision - 2015/16 Policy

              (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.