Added Value
10.41 Kent County Council is adding a substantial amount of investment from its own resources and from external contributions (primarily from developers) to add to the LTP investment in two principal ways:-
- By taking up the full borrowing allocations indicated by the Government in the planning guideline figures. KCC is bearing the cost of this borrowing despite being classified as a "floor" authority (i.e. one for which borrowing is financially unsupported by Government for the medium term).
- By adding its own revenue, Prudential borrowing amounts, developer contributions and income from sales of land and property. This is shown in Table 10.3 below.
|
2006/7 |
2007/8 |
2008/9 |
2009-12 |
Total |
|
|---|---|---|---|---|---|
|
Prudential Borrowing |
6,350 |
5,535 |
2,665 |
3,000 |
17,550 |
|
External Funding |
8,394 |
1,650 |
4,100 |
14,144 |
|
|
Capital Receipts |
1,304 |
5,592 |
500 |
1,826 |
|
|
Revenue Funding |
1,811 |
356 |
2,167 |
||
|
Total |
17,859 |
13,133 |
3,165 |
7,100 |
35,687 |