Statement of Accounts 2015/16
5.1 The Council’s principal loan debt at 31 March 2016 was £266.3m. It is the Council’s strategy to maintain the level of external borrowing in line with the Capital Financing Requirement. A PWLB loan of £10m was taken out during the year together with the loan of £146.3m to finance the HRA Subsidy exit agreement (see note 9.1). ................
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