Purpose

Ceisio cymeradwyaeth ar gyfer adolygiad i'r Polisi DIA ar gyfer 2023/24To seek approval for a revision to the MRP Policy for 2023/24

Content

RESOLVED –

 

(i)         That Option 3 (Asset Life Annuity
Method) be used for calculating MRP on Council Fund outstanding supported and
unsupported borrowing as at 31 March 2023. This represents a change from Option
3 (Asset Life Straight Line Method) as approved by Council on 15 February 2023.

 

(ii)       That Option 3 (Asset Life Straight Line
Method 50 years) be used for calculating HRA MRP on outstanding unsupported
borrowing incurred prior to 1 April 2021 as at 31 March 2023. This represents a
change from Option 3 (Asset Life Straight Line Method 25 years) as approved by
Council on 15 February 2023.

 

(iii)      That for Invest to Save loans, Option 3
(Asset Life Annuity Method) be used for calculating MRP. This is a change from
the previous MRP Policy whereby MRP on Invest to Save
loans was determined by the actual loan repayments.

 

Reason for decisions

 

To enable the Council to make a prudent provision for
the repayment of debt.