This report provided an update on the revenue budget position of the Council at the end of September 2021.

In accepting the recommendations, Cabinet will approves that the budget remains at £10,351,080 as detailed in paragraph 3.3 of the report for 2021/22 and will approve and recommend the creation of a specific earmarked reserve of £500,000 to meet any potential costs from local government reorganisation as set out in paragraph 3.9 of the report.

The subject of the decision:

This report provides an update on the revenue budget position of the Council at the end of September 2021.

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:

(1)       The Cabinet approves that the budget remains at £10,351,080 as detailed in paragraph 3.3 of the report for 2021/22.

(2)       The Cabinet approves and recommends to Council the creation of a specific earmarked reserve of £500,000 to meet any potential costs from local government reorganisation as set out in paragraph 3.9 of the report.