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 2016.

Alternative options considered:

None.

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.

THE DECISION:

That Cabinet approves and recommends to Council that:-

(1)     the budget increase at paragraph 3.2 of the report in Quarter 2 of £33,860 which results in a budget of £7,604,990 be approved; and

(2)     the allocation from the One-Off Fund at paragraph 6.6 of the report of £45,855 be approved.

None

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