What assurance can the Convener give that the Council’s current level of
indebtedness is reasonable and manageable?
Council sets its capital expenditure plans in accordance with the prudential
code, a framework introduced by CIPFA in 2004-05. The objectives of the
prudential code are to provide a framework for local authority capital finance
that will ensure for individual local authorities that:
- capital expenditure plans are affordable;
- all external borrowing and other long-term liabilities are within prudent andsustainable levels; and
- treasury management decisions are taken in accordance with professionalgood practice.
Why am I not reassured ?