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