Prudential and Treasury indicators
The CIPFA Prudential Code for Capital Finance in Local Authorities ( The Prudential Code) was introduced following the Local Government Finance Act (Northern Ireland) 2011. It details a number of measures/limits/parameters (Prudential Indicators) that are required to be set each financial year. The approval of these Prudential Indicators will ensure that the Council complies with the relevant legislation and is acting prudently and that its capital expenditure proposals are affordable. This report presents for approval the Prudential Indicators required to be set by the Council to comply with the code.