Agenda item

Revised Policy Statement on Minimum Revenue Provision (MRP) for 2025/26

Committee is asked to:

1.    Consider and agree the proposed new MRP Policy Statement for 2025/26; and

2.    Recommend that Council approve the proposed new MRP Policy Statement for 2025/26 (set out in Appendix A).

Decision:

The Committee resolved to:

 

1.     Consider and agree the proposed new MRP Policy Statement for 2025/26; and

 

2.     Recommend that Council approve the proposed new MRP Policy Statement for 2025/26 as set out in Appendix A of the report.

Minutes:

The Committee considered a proposed new Minimum Revenue Provision (MRP) policy statement for 2025/26. The policy met requirements set by the Council’s external auditors, commissioners, and Department for Levelling Up, Housing and Communities (now Ministry for Housing, Communities and Local Government), and was a legal requirement under the current statutory directions.

 

The Committee acknowledged the requirement to adopt the new MRP policy statement, and expressed concern over the impact this would have on the Budget. The Committee noted the collective impact of the finance reports for consideration at the meeting.

 

Councillor Clarke requested a recorded vote.

 

For

Councillors Bateson, Beecher, Button, Doran, Geach, Gibson, Grant, Nichols, Sexton, Williams – 10 votes

Against

Councillors Boughtflower, Clarke, Lee – 3 votes

Abstain

Councillor Mooney – 1 vote

 

The Committee resolved to:

 

1.    Consider and agree the proposed new MRP Policy Statement for 2025/26; and

 

2.    Recommend that Council approve the proposed new MRP Policy Statement for 2025/26 as set out in Appendix A of the report.

Supporting documents: