Decision details

MINIMUM REVENUE POSITION (MRP) STATEMENT

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

To approve the statutory Minimum Revenue Provision Statement (MRP).

 

Decision:

THAT the Minimum Revenue Provision Statement for 2008/09 be approved.

 

Reasons for the decision:

To comply with the Local Authority (Capital Financing and Accounting) (England) (Amendment) Regulations.

Alternative options considered:

6                    The Council could opt to adopt Option 2 for Supported Borrowing, but this would incur an extra £122,000 per annum.

7                    The Council could adopt Option 4 for Prudential Borrowing, although this would be a change in current practice for no perceived benefit.

 

Wards Affected: (All Wards);

Publication date: 02/06/2008

Date of decision: 29/05/2008