Agenda item

Council assembly is asked to note the 2011/12 outturn report on debt, investments and prudential indicators.

(See pages 55 – 65 of the main agenda)

This report was considered after the guillotine had fallen, therefore in accordance with council assembly procedure rule 1.12 (3) & (4), the report was afforded up to a maximum of 15 minutes.

In accordance with council assembly procedure rule 2.11 (2), the Mayor formally moved the report.

Following debate (Councillors Toby Eckersley and Richard Livingstone), the recommendations contained within the report were put to the vote and declared to be carried.

RESOLVED:

1.  That the 2011/12 outturn report on debt, investments and prudential indicators be noted.

2.  That the £100m debt refinancing carried out between March and April 2012 and the disaggregation of the long term debt outstanding at 1 April 2012 between the housing revenue account and the general fund, as set out in paragraph 18 of the report, be noted.