Decision details

MINIMUM REVENUE PROVISION POLICY STATEMENT - REVISION

Decision Maker: Cabinet

Decision status: Recommendations approved

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

To approve the revision to the minimum revenue policy statement.

Decisions:

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: