Executive Summary:
Minimum Revenue Provision (MRP) is the annual revenue provision that authorities have to make in respect of debt and credit liabilities.
The requirement to make MRP has existed since 1990.
A report is necessary to seek approval from the PCC as to the annual MRP strategy.
The MRP strategy complements the wider financial picture which aims to provide transparency on the cost to the PCC of taking on new borrowing, therefore linking into the PCC’s prudential indicators and the overall management of the PCC’s assets.
Decision 12-2013: Minimum Revenue Provision 2013/14 (application, 790kB)