Issue - meetings

Report of Director of Finance and Support (Copy herewith)

Cabinet recommended to Council that they approve:

The prudential indicators required under the CIPFA Prudential Code for Capital Finance in Local Authorities (2011 edition) as set out at paragraph 3.2.3 of the Cabinet report.

That authority be delegated to the Section 151 Officer to make adjustments between the “borrowing” and “other long term liabilities” categories within the overall total of the indicators for the operational boundary and the authorised limit for external debt set out at paragraphs 3.2.3 (g) and (h) of the Cabinet report.

Councillor Botwood, as the relevant Cabinet Member submitted a report and it was noted that the prudential indicators for capital finance had been set within the CIPFA code of practice.

RESOLVED:

That Council approve the following:

1.      The prudential indicators required under the CIPFA Prudential Code for Capital Finance in Local Authorities (2011 edition) as set out at paragraph 3.2.3 of the Cabinet report.

2. That authority be delegated to the Section 151 Officer to make adjustments between the “borrowing” and “other long term liabilities” categories within the overall total of the indicators for the operational boundary and the authorised limit for external debt set out at paragraphs 3.2.3 (g) and (h) of the Cabinet report.