Decision Maker: Cabinet
Decision status: Recommendations approved
Is Key decision?: Yes
Is subject to call in?: No
To approve the revision to the minimum revenue policy statement.
RESOLVED: That, in respect of Capital Expenditure incurred before 1 April 2008, the Minimum Revenue Provision Policy be revised to read:
For capital expenditure incurred before 1 April 2008 or which in the future would be Supported Capital Expenditure, the Minimum Revenue Provision Policy be the equal annual reduction of 2% of the outstanding debt at 1 April 2015 for the subsequent 50 years.
Publication date: 02/07/2016
Date of decision: 25/02/2016
Decided at meeting: 25/02/2016 - Council
Accompanying Documents: