Issue - decisions

Corporate Capital Programme 2019/2020

20/02/2019 - Corporate Capital Programme 2019/2020 - 2021/22

The Executive RECOMMENDED to the Council that:

 

(i)              the new capital bids for £2.348m for 2019/20, as set out in Annex A to the agenda report, be approved and be incorporated into the Capital Programme;

 

(ii)             The Prudential Indicators summarised below and explained in Annex C of the agenda report, including the MRP statement, for 2019/20 to 2021/22 in accordance with the requirements of the Chartered Institute of Public Finance and Accountancy’s (CIPFA) Prudential Code for Capital Finance in Local Authorities 2011 be approved.

 

 

Prudential Indicator

2019/20

Estimated

£m

2020/21

Estimated

£m

2021/22

Estimated

£m

Capital Expenditure

2.348

0.64

0.6

Capital Financing Requirement

183

181

179

Ratio of net financing costs to net revenue stream

12.36%

11.65%

11.44%

Financing Costs

1.342

1.306

 

1.306

Operational Boundary

185

185

185

Authorised Limit

190

190

190

 

The Executive RESOLVED to note:

 

(i)              that the Capital Financing Requirement for this Council as at 31 March 2020 is estimated to be £183m and as such a Minimum Revenue Payment of £2.014m is required

 

(ii)             the provisional Capital Programme for 2019/20 to 2021/22; and

 

(iii)            The available capital receipts forecast shown in Annex C of the agenda report.