Agenda item

RECOMMENDED TO COUNCIL:

(i)             that the revised Policy for the Council’s 2015/16 Minimum Revenue Position (MRP) now submitted be approved noting that the MRP for 2016/17 was agreed by Cabinet as part of approving the overall 2016/17 Treasury Management Strategy; and

(ii)          that the Council review MRP on an annual basis to take account of the Council’s changing requirements, particularly in relation to its financial position.

Moved by Councillor Gardiner – Seconded by Councillor Franklin; and

RESOLVED:

(i)            that the revised Policy for the Council’s 2015/16 Minimum Revenue Position (MRP) now submitted be approved noting that the MRP for 2016/17 was agreed by Cabinet as part of approving the overall 2016/17 Treasury Management Strategy; and

(ii)          that the Council review the MRP on an annual basis to take account of the Council’s changing requirements, particularly in relation to its financial position.