A. Summary of Prudential Indicators

2006/07

2007/08

2008/09

2009/10

2010/11

Actual

Estimate

Estimate

Estimate

Estimate

Prudential indicators for capital expenditure

Capital expenditure

£m

173.2

192.2

196.8

170.0

159.9

Capital financing requirement

£m

574.2

587.5

615.4

619.0

637.9

Prudential indicators for affordability

Ratio of financing costs to net revenue stream

%

5.98

6.32

6.75

7.01

6.65

Incremental impact of capital programme on council tax

£

n/a

n/a

5.85

12.62

9.64

Prudential indicators for prudence

Medium-term borrowing not to exceed capital financing requirement

County Treasurer will ensure this is not breached

Prudential indicators for external debt

Actual external debt

£m

393.4

n/a

n/a

n/a

n/a

Authorised limits

£m

580.0

590.0

620.0

620.0

640.0

Operational boundaries

£m

490.0

480.0

510.0

510.0

530.0

Prudential indicators for Treasury Management

Adoption of CIPFA Code of Practice

Agreed by the Cabinet in February 2003

Upper limits - fixed rates

£m

246.0

290.0

300.0

330.0

360.0

Upper limits - variable rates

£m

239.0

350.0

370.0

380.0

390.0

Maturity structure of fixed-rate debt

Upper limits

Under 12 months

%

n/a

8

10

10

10

12 to 24 months

%

n/a

17

10

10

10

24 months to 5 years

%

n/a

20

20

20

20

5 years to 10 years

%

n/a

28

40

40

40

10 years and beyond

%

n/a

79

90

90

90

Lower limits

Under 12 months

%

n/a

0

0

0

0

12 to 24 months

%

n/a

1

0

0

0

24 months to 5 years

%

n/a

4

0

0

0

5 years to 10 years

%

n/a

12

10

10

10

10 years and beyond

%

n/a

63

60

60

60

Total sums invested for more than 364 days

£m

Nil

Nil

Nil

Nil

Nil

B. Financial Health Indicators

2006/07

2007/08

2008/09

2009/10

2010/11

Actual

Estimate

Estimate

Estimate

Estimate

Variance from budget

Net service spending

%

-0.3

-0.2

+/-1

+/-1

+/-1

Overall spending met from formula grant, council tax and balances

%

-1.1

-0.8

+/-2

+/-2

+/-2

Balances as a % of budget requirement

%

2.9

2.4

2.3

2.3

2.3

Capital programme management

Carry forward of schemes

%

26.7

20.0

20.0

20.0

20.0

Actual capital expenditure compared with estimate

%

-9.9

+/-10.0

+/-10.0

+/-10.0

+/-10.0

Actual capital receipts and third party contributions compared with estimate

%

-12.7

+/-10.0

+/-10.0

+/-10.0

+/-10.0

Income collection

% of outstanding debt more than 12 months old

%

17.1

17.5

17.5

17.5

17.5

% of outstanding debt more than 6 months old

%

n/a

20.0

20.0

20.0

20.0

% of outstanding debt under 60 days old

%

n/a

60.0

60.0

60.0

60.0

% of debt written off to debt raised

%

0.2

<1.0

<1.0

<1.0

<1.0