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.