Agenda item 4 - MTFS (Final) Cab 070213 , item 9. PDF 1 MB

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Appendix A EXISTING PORTFOLIO PROJECTED FORWARD External Borrowing: Fixed Rate – PWLB Fixed Rate – Market Variable Rate – PWLB Variable Rate – Market Current Portfolio £m 272.251 41.050 15.000 - Average Rate % 5.465 4.317 0.580 31 Mar 13 Estimate £m 272.251 41.050 15.000 - 31 Mar 14 Estimate £m 267.388 41.050 15.000 - 31 Mar 15 Estimate £m 262.525 41.050 15.000 - 31 Mar 16 Estimate £m 257.662 41.050 15.000 - Total External 328.301 5.104 328.301 323.438 318.575 313.712 Borrowings Other long-term liabilities 22.373 - 22.373 21.941 21.479 20.942 Total Gross External 350.674 - 350.674 345.379 340.054 334.654 Debt* Investments: Managed in-house - Short Term Deposits and monies on call and Money Market Funds - Long term investments (Over 12 months) 195.932 - 0.65 195.932 - 191.069 - 186.206 - 181.343 - Managed externally 20.130 0.74 20.174 20.323 20.474 20.625 Total Investments* 216.062 - 216.106 211.392 206.680 201.968 Net Debt (134.612) - (134.568) (133.987) (133.374) (132.686) *note that the Council has the following predicted liability for internal borrowing. This is not shown in the table above as this is reducing our current external debt, but also reducing the amount available for investment, therefore the net position is as shown above. Current Portfolio £m 31 Mar 13 Estimate £m 31 Mar 14 Estimate £m 31 Mar 15 Estimate £m 31 Mar 16 Estimate £m Total Internal Borrowing 50.596 50.596 35.520 21.239 7.726 83
Prudential Indicators 2013/14 – 2015/16 Appendix B 1. Background: There is a requirement under the Local Government Act 2003 for local authorities to have regard to CIPFA’s Prudential Code for Capital Finance in Local Authorities (the “CIPFA Prudential Code”) when setting and reviewing their Prudential Indicators. 2. Gross Debt and the Capital Financing Requirement: 2.1 This is a key indicator of prudence. In order to ensure that over the medium term net borrowing will only be for a capital purpose, the Council should ensure that the net external borrowing does not, except in the short term, exceed the total of the capital financing requirement in the preceding year plus the estimates of any additional increases to the capital financing requirement for the current and next two financial years. 2.2 If in any of these years there is a reduction in the capital financing requirement, this reduction is ignored in estimating the cumulative increase in the capital financing requirement which is used for comparison with gross external debt. 2.3 The Strategic Finance Director reports that the Council had no difficulty meeting this requirement in 2012/13, nor are there any difficulties envisaged for future years. This view takes into account current commitments, existing plans and the proposals from the approved budget. 3. Estimates of Capital Expenditure: 3.1 This indicator is set to ensure that capital expenditure remains within sustainable limits and, in particular, to consider the impact on Council Tax. The table below shows the estimates of capital expenditure. 2012/13 Approved £m 2012/13 Revised £m 2013/14 Estimate £m 2014/15 Estimate £m 2015/16 Estimate £m Capital Expenditure 75.845 60.472 78.619 58.750 46.733 3.2 Capital expenditure is expected to be financed as follows: Capital Financing 2012/13 Approved £m 2012/13 Revised £m 2013/14 Estimate £m 2014/15 Estimate £m 2015/16 Estimate £m Capital receipts 0.000 0.100 4.435 3.087 0.000 Government Grants 48.761 40.364 58.138 47.095 38.513 Revenue contributions 3.500 14.593 7.448 7.908 8.198 Capital Contributions 8.279 5.415 8.598 0.660 0.022 Capital Reserve 13.902 0.000 0.000 0.000 0.000 Total Financing 74.442 60.472 78.619 58.750 46.733 Supported borrowing 0.000 0.000 0.000 0.000 0.000 Unsupported borrowing 1.403 0.000 0.000 0.000 0.000 Total Funding 1.403 0.000 0.000 0.000 0.000 Total Financing and Funding 75.845 60.472 78.619 58.750 46.733 84
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Gloucestershire County Council Medi
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7 The capital budget strategy refle
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This will then provide a further £
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The draft budget was also considere
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for non Academy Schools. These amou
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• Providing the basics - In the c
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(1) The budget provides for contrac
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Any increase in a school’s depriv
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In the future there is a risk that
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40 Council’s financial standing a
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2014/15 2015/16 £m £m Budget 420.
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Entry’ approval had been given, w
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escheduling, and investments. • P
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ANNEX 1.1 : COMMISSIONING INTENTION
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Delivering Change Achieving improve
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Currently an estimated 38,000 older
Page 33 and 34: ANNEX 1.3: COMMISSIONING INTENTIONS
Page 35 and 36: Looking Forward Some of the changes
Page 37 and 38: Source LGA: From transition to tran
Page 39 and 40: The Council is ideally placed to ta
Page 50 and 51: Proposed Cost Increases 2013/14 - A
Page 52 and 53: Proposed Cost Reductions 2013/14 -
Page 54 and 55: Proposed cost reductions as part of
Page 56 and 57: Annex 4 Proposed Cost Reductions 20
Page 58 and 59: Forward Planning 2013/14 to 2015/16
Page 60 and 61: Revenue Outturn 2012/13 : Forecast
Page 62 and 63: • The Learning Disabilities Exter
Page 64 and 65: • Young people’s support: an un
Page 66 and 67: Reserve movements Balance at 31st M
Page 68 and 69: Academies. Such adjustments will be
Page 70 and 71: Scheme Name Actual Actual Forecast
Page 72 and 73: Annex 9 Capital Programme Prior Yea
Page 74 and 75: Scheme Name Prior Years 2011/12 £'
Page 76 and 77: Capital Programme Forecast - Decemb
Page 78 and 79: 1. Background 1.1 The Chartered Ins
Page 80 and 81: 5.3 Total borrowing requirement at
Page 82 and 83: 7.8 Council’s Banker - The Counci
Page 86 and 87: 4. Ratio of Financing Costs to Net
Page 88 and 89: 9. Adoption of the CIPFA Treasury M
Page 90 and 91: Arlingclose’s Economic and Intere
Page 92 and 93: Specified Investments Appendix D Sp
Page 94 and 95: Councils Bank Account The Council b
Page 96 and 97: Notes: • This list could change i
Page 98 and 99: 3. The Local Authority Mortgage Sch
Page 100 and 101: ANNEX 11 RISK MANAGEMENT STRATEGY 2
Page 102 and 103: Risk Management Policy Statement Gl
Page 104 and 105: What are our Strategic Risk Managem
Page 106 and 107: Appendix 1 - Risk Management Accoun
Page 108 and 109: Staff/Other Stakeholders ‣ Mainta
Page 110: i http://www.dh.gov.uk/prod_consum_
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Agenda item 4 - MTFS (Final) Cab 070213 , item 9. PDF 1 MB

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