Issue - meetings
The Prudential Code for Capital Finance in Local Authorities - Prudential Indicators 2013/14
Meeting: 06/03/2014 - Council (Item 95)
PDF 111 KBReport of the Head of Corporate Finance and ICT
Minutes:
Further to Minute No. 101 of the Cabinet meeting held on 27 February 2014, the Council considered the report of the Head of Corporate Finance and ICT on proposals to establish the Prudential Indicators required under the Prudential Code for Capital Finance in Local Authorities. This would enable the Council to effectively manage its Capital Finance Activities and comply with the Chartered Institute of Public Finance and Accountancy Prudential Code for Capital Finance in Local Authorities.
It was moved by Councillor P. Dowd, seconded by Councillor Maher and
RESOLVED: That:
(1) the Prudential Indicators as detailed in the report, and summarised in Annex A, be approved as the basis for compliance with The Prudential Code for Capital Finance in Local Authorities;
(2) approval be given to the amendment of relevant Prudential Indicators in the event that any unsupported borrowing is approved, as part of the 2014/15 Revenue Budget;
(3) it be noted that estimates of capital expenditure referred to in paragraph 2.2 of the report may change as grant allocations are received; and
(4) the Head of Corporate Finance and ICT be granted delegated authority to manage the Authorised Limit and Operational Boundary for external debt as detailed in Section 5 of the report.
Meeting: 28/02/2013 - Council (Item 98)
Report of the Head of Corporate Finance and ICT
Minutes:
Further to Minute No. 110 of the Cabinet meeting held on 14 February 2013, the Council considered the report of the Head of Corporate Finance and ICT on proposals to establish the Prudential Indicators required under the Prudential Code of Capital Finance in Local Authorities. This would enable the Council to effectively manage its Capital Finance Activities and comply with the Chartered Institute of Public Finance and Accountancy Prudential Code of Capital Finance in Local Authorities.
It was moved by Councillor P. Dowd, seconded by Councillor Maher and
RESOLVED: That:
(1) the Prudential Indicators as detailed in the report, and summarised in Annex A, be approved as the basis for compliance with The Prudential Code for Capital Finance in Local Authorities;
(2) approval be given the given to the amendment of relevant Prudential Indicators in the event that any unsupported borrowing is approved, as part of the 2013/14 Revenue Budget;
(3) it be noted that estimates of capital expenditure referred to in Paragraph 2.2 of the report, may change as grant allocations are received; and
(4) the Head of Corporate Finance and ICT be granted delegated authority to manage the authorised Limit and Operational Boundary for external debt as detailed in Section 5 of the report.