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APPENDIX B<br />
Prudential Indicators – As at 30 September 2011<br />
Note Prudential Indicator 2011/12<br />
Indicator<br />
Quarter 2<br />
Actual<br />
1. Mid Year Capital Financing<br />
6,653 6,653<br />
Requirement £’000<br />
Gross Borrowing £’000 13,741 13,746<br />
Investments £’000 -20,000 -23,765<br />
2. Net Borrowing £’000 -6,259 -10,019<br />
3. Authorised Limit for External Debt 23,000 23,000<br />
£’000<br />
4. Operational Boundary for External 19,000 19,000<br />
Debt £’000<br />
5. Limit of fixed interest rates based on 100% 100%<br />
net debt %<br />
5. Limit of variable interest rates based 30% 0%<br />
on net debt %<br />
6. Principal sums invested for over 364<br />
days<br />
1 to 2 Years £’000 20,000 0<br />
2 to 3 Years £’000 15,000 0<br />
3 to 4 Years £’000 5,000 0<br />
4 to 5 Years £’000 5,000 0<br />
7. Maturity Structure of external debt<br />
borrowing limits<br />
Under 12 Months % 20% 0.04%<br />
1 Year to 2 Years % 20% 0.05%<br />
2 Years to 5 Years % 50% 0<br />
5 Years to 10 Years % 90% 74.19%<br />
10 Years to 15 Years % 90% 0<br />
15 Years and above % 75% 25.72%<br />
Notes to the Prudential Indicators<br />
1. Capital Financing Requirement – this is a measure of the <strong>Council</strong>’s<br />
underlying need to borrow long term to fund its capital projects. The<br />
information in the table shows a need to borrow £6,653k at 30 September.<br />
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