This report provides an update on the revenue budget position of the Council and the reserve funds at the end of September 2014.

In accepting the recommendation, Cabinet will approve and recommend to Council the budget surplus of £1,178 as set out at paragraph 3.2 of the report and the return of funds to the One-Off Fund of £84,640 as set out at paragraph 6.4 of the report.

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 2014.

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 that Council:-

(1)     approves the budget surplus of £1,178 as set out at paragraph 3.2 of the report; and

(2)     approves the allocation of funds to the One-Off Fund as set out at paragraph 6.4 of the report of £6,360.