Decision Maker: Cabinet
Decision status: For Determination
Is Key decision?: Yes
Is subject to call in?: No
The subject of the decision:
This report provided an update on the revenue budget position of the Council and the reserve funds at the end of September 2018.
Alternative options considered:
The reason for the decision:
To comply with S25 of the Local Government Act 2003 regarding setting a balanced budget and monitoring the financial position throughout the year.
That Cabinet approves and recommends to Council that:-
(1) the budget remains at £8,096,170 as detailed in paragraph 3.2 of the report;
(2) the allocation from the One-Off fund at paragraph 6.7 of the report of £35,770; and
(3) the allocation of £1,500 from the Economic Development Fund at paragraph 6.3 and to note the remaining balance at paragraph 6.4 of the report is £580,199.
Reason Key: Expenditure > £50,000;
Wards Affected: (All Wards);
Other reasons / organisations consulted
Contact: Louise Branford-White, Director of Finance (s151 Officer) Email: firstname.lastname@example.org.
Report author: Louise Branford-White
Publication date: 05/12/2018
Date of decision: 04/12/2018
Decided at meeting: 04/12/2018 - Cabinet