Archived decisions

Summary of Prudential Indicators

2004/05

2005/06

2006/07

2007/08

2008/09

Actual

Estimate

Estimate

Estimate

Estimate

Prudential indicators for capital expenditure

Capital expenditure

£m

208.4

186.4

175.3

168.4

152.6

Capital financing requirement

£m

510.4

548.1

579.0

598.8

635.5

Prudential indicators for affordability

Ratio of financing costs to net revenue stream

%

2.79

3.60

7.73

7.91

7.87

Incremental impact of capital programme on council tax

£

n/a

n/a

5.57

16.91

9.10

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

380.3

n/a

n/a

n/a

n/a

Authorised limits

£m

n/a

550.0

580.0

600.0

640.0

Operational boundaries

£m

n/a

450.0

490.0

510.0

550.0

External debt limits adjusted for transferred services

Actual external debt

£m

n/a

n/a

n/a

n/a

n/a

Authorised limits

£m

n/a

501.2

535.2

557.3

599.2

Operational boundaries

£m

n/a

401.2

445.2

467.3

509.2

Prudential indicators for Treasury Management

Adoption of CIPFA Code of Practice

Agreed by the Cabinet in February 2003

Upper limits - fixed rates

£m

n/a

260.0

280.0

320.0

360.0

Upper limits - variable rates

£m

n/a

345.0

350.0

370.0

420.0

Maturity structure of fixed-rate debt

Upper limits

Under 12 months

%

n/a

18

n/a

n/a

n/a

12 to 24 months

%

n/a

18

n/a

n/a

n/a

24 months to 5 years

%

n/a

19

n/a

n/a

n/a

5 years to 10 years

%

n/a

26

n/a

n/a

n/a

10 years and beyond

%

n/a

79

n/a

n/a

n/a

Lower limits

Under 12 months

%

n/a

0

n/a

n/a

n/a

12 to 24 months

%

n/a

2

n/a

n/a

n/a

24 months to 5 years

%

n/a

4

n/a

n/a

n/a

5 years to 10 years

%

n/a

11

n/a

n/a

n/a

10 years and beyond

%

n/a

64

n/a

n/a

n/a

Total sums invested for more than 364 days

£m

n/a

Nil

Nil

Nil

Nil