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

The Cabinet Member Resources presented the report which sought the approval of the Minimum Revenue Provision Statement for 2008/09 in order to formally comply with the Local Authority (Capital Financing and Accounting) (England) (Amendment) Regulations. Cabinet was advised that whilst the new rules came into effect from the 2007/08 financial year, the Council was, in effect, already following these requirements and demonstrating good practice.

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