Issue - meetings

Report of the Head of Corporate Finance and ICT

Further to Minute No. 109 of the Cabinet meeting held on 16 February 2012, 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 approval be given to:

(1)       the Prudential Indicators detailed in the report and summarised in Annex A, as the basis for compliance with The Prudential Code for Capital Finance in Local Authorities;

(2)       the amendment of relevant Prudential Indicators in the event that any unsupported borrowing is approved as part of the 2012/13 Revenue Budget; and

(3)            delegated authority being granted to the Head of Corporate Finance and ICT to manage the Authorised Limit and Operational Boundary for external debt as detailed in Section 5 of the report.

Report of the Head of Corporate Finance and ICT

The Cabinet 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.

RESOLVED:

That the Council be recommended to give approval to:

(1)       the Prudential Indicators details in the report, and summarised in Annex A, as the basis for compliance with The Prudential Code for Capital Finance in Local Authorities;

(2)       the amendment of relevant Prudential Indicators in the event that any unsupported borrowing is approved as part of the 2012/13 Revenue Budget; and

(3)            delegated authority being granted to the Head of Corporate Finance and ICT to manage the authorised Limit and Operational Boundary for external debt as detailed in Section 5 of the report.

Report of the Chief Executive and Section 151 Officer

Further to Minute No. 237 of the Cabinet meeting held on 3 March 2011, the Council considered the report of the Chief Executive and Section 151 Officer 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.

At its meeting held earlier that day, the Cabinet had considered the report and endorsed the recommendations set out in the report.

It was moved by Councillor Robertson, seconded by Councillor Brodie-Browne and

RESOLVED:

That approval be given to:

(1)       the Prudential Indicators detailed in the report, and summarised in Annex A, as the basis for compliance with The Prudential Code for Capital Finance in Local Authorities;

(2)       the amendment of relevant Prudential Indicators in the event that any unsupported borrowing is approved as part of the 2011/12 Revenue Budget; and

(3)            delegated authority being granted to the Head of Corporate Finance and ICT to manage the authorised Limit and Operational Boundary for external debt as detailed in Section 5 of the report.

Report of the Chief Executive and Section 151 Officer

The Cabinet considered the report of the Chief Executive and Section 151 Officer 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.

RESOLVED:  

That the Council be recommended to give approval to:

(1)      the Prudential Indicators details in the report, and summarised in Annex A, as the basis for compliance with The Prudential Code for Capital Finance in Local Authorities;

(2)      the amendment of relevant Prudential Indicators in the event that any unsupported borrowing is approved as part of the 2011/12 Revenue Budget; and

(3)      delegated authority being granted to the Head of Corporate Finance and ICT to manage the authorised Limit and Operational Boundary for external debt as detailed in Section 5 of the report.

Report of the Acting Finance and Information Services Director

The Council considered the report of the Acting Finance and Information Services Director 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.

At its meeting held earlier that day, the Cabinet had considered the report and endorsed the recommendations set out in the report.

It was moved by Councillor Robertson, seconded by Councillor Brodie-Browne and

RESOLVED:

That approval be given to:

(1)       the Prudential Indicators detailed in the report, and summarised in Annex A, as the basis for compliance with The Prudential Code for Capital Finance in Local Authorities;

(2)       the amendment of relevant Prudential Indicators in the event that any unsupported borrowing is approved as part of the 2010/11 Revenue Budget; and

(3)            delegated authority being granted to the Acting Finance and Information Services Director to manage the authorised Limit and Operational Boundary for external debt as detailed in Section 5 of the report.

Report of the Acting Finance and Information Services Director

The Cabinet considered the report of the Acting Finance and Information Services Director 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.

RESOLVED:  

That the Council be recommended to give approval to:

(1)       the Prudential Indicators detailed in the report, and summarised in Annex A, as the basis for compliance with The Prudential Code for Capital Finance in Local Authorities;

(2)       the amendment of relevant Prudential Indicators in the event that any unsupported borrowing is approved as part of the 2010/11 Revenue Budget; and

(3)            delegated authority being granted to the Acting Finance and Information Services Director to manage the authorised Limit and Operational Boundary for external debt as detailed in Section 5 of the report.

Report of the Finance and Information Services Director

The Council considered the report of the Finance and Information Services Director 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.

At its meeting held earlier that day, the Cabinet had considered the report and endorsed the recommendations set out in the report.

It was moved by Councillor Robertson, seconded by Councillr Brodie-Browne and

RESOLVED:

That approval be given to:

(1)       the Prudential Indicators detailed in the report, and summarised in Annex A, as the basis for compliance with The Prudential Code for Capital Finance in Local Authorities;

(2)       the amendment of relevant Prudential Indicators in the event that any unsupported borrowing is approved as part of the 2009/10 Revenue Budget; and

(3)            delegated authority being granted to the Finance and Information Services Director to manage the authorised Limit and Operational Boundary for external debt as detailed in Section 5 of the report.

Report of the Finance and Information Services Director

The Cabinet considered the report of the Finance Director 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.

This was a Key Decision and had been included in the Council’s Forward Plan of Key Decisions.

RESOLVED:

That the Council be recommended to give approval to:

(1)       the Prudential Indicators detailed in the report, and summarised in Annex A, as the basis for compliance with The Prudential Code for Capital Finance in Local Authorities;

(2)       the amendment of relevant Prudential Indicators in the event that any unsupported borrowing is approved as part of the 2009/10 Revenue Budget; and

(3)            delegated authority being granted to the Finance Director to manage the authorised Limit and Operational Boundary for external debt as detailed in Section 5 of the report.