Decision details

2019/20 Q3 Revenue Monitoring Report

Decision Maker: Cabinet

Decision status: Recommendations Approved

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 December 2019.


Alternative options considered:




The reason for the decision:


It was a legal requirement under S25 of the Local Government Act 2003 to set a balanced budget and monitor the financial position throughout the year.


The Decision:


That Cabinet approves and recommends to Council:-


(1)     that the budget remains at £9,085,870 as detailed in paragraph 3.2 of the report;


(2)     the transfer of funds detailed in paragraph 7.5 of the report from the Council Tax Payers’ Reserve of £150,000 to the One Off fund in paragraph 7.6 of the report;


(3)     the total movement of the Economic Development Fund of £193,404 at paragraph 7.3 of the report to be returned and to note that the Economic Development Fund remaining balance to be allocated at paragraph 7.4 of the report is £654,033;


(4)     the allocation from the One Off Fund at paragraph 7.6 of the report of £321,924; and


(5)     to approve the waiver as detailed in paragraph 8.2 of the report.

Reason Key: Expenditure > £50,000;

Wards Affected: All Wards;

Other reasons / organisations consulted




Contact: Louise Branford-White, Director of Finance (s151 Officer) Email:

Report author: Louise Branford-White

Publication date: 12/02/2020

Date of decision: 11/02/2020

Decided at meeting: 11/02/2020 - Cabinet

Accompanying Documents: