Loading
Executive Board. The Cabinet makes most of the council's decisions.
Revision of 2023/24 Minimum Revenue Provision (MRP) Policy
RESOLVED – That Council be recommend to approve the revisions to the MRP Policy as: (i) Option 3 (Asset Life Annuity Method) to be used for calculating MRP on Council Fund outstanding supported and unsupported borrowing as at 31 March 2023. This represents a change from Option 3 (Asset Life Straight Line Method) as approved by Council on 15 February 2023. (ii) Option 3 (Asset Life Straight Line Method 50 years) to be used for calculating HRA MRP on outstanding unsupported borrowing incurred prior to 1 April 2021 as at 31 March 2023. This represents a change from Option 3 (Asset Life Straight…
Council. Full Council sets the budget and council tax and approves major plans.
Revision of 2023/24 Minimum Revenue Provision (MRP) Policy
RESOLVED – (i) That Option 3 (Asset Life Annuity Method) be used for calculating MRP on Council Fund outstanding supported and unsupported borrowing as at 31 March 2023. This represents a change from Option 3 (Asset Life Straight Line Method) as approved by Council on 15 February 2023. (ii) That Option 3 (Asset Life Straight Line Method 50 years) be used for calculating HRA MRP on outstanding unsupported borrowing incurred prior to 1 April 2021 as at 31 March 2023. This represents a change from Option 3 (Asset Life Straight Line Method 25 years) as approved by Council on 15 February 2023. (…
Items are linked when their titles share most of their words and they fall within 18 months of each other. Councils don't number reports across meetings, so a few links may be wrong, and a step may be missing if its title changed a lot. Each step links to the meeting, where the council's own papers are.