This report provides an update on the revenue budget position of the Council and the reserve funds at the end of June 2022.

In accepting the recommendations, Cabinet will approve and recommend to Council that the budget remains at £11,366,370 as detailed in paragraph 3.2 of the report for 2022/23; Cabinet will approve that £200,000 of the Quarter 1 underspend is transferred to the Local Government Reorganisation Reserve as detailed in paragraph 3.2 of the report; and the departmental budget movements as detailed within paragraph 3.6 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 June 2022.

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:-

(1)       that £200,000 of the Quarter 1 underspend is transferred to the Local Government Reorganisation Reserve as detailed in paragraph 3.2 of the report; and

(2)       the department budget movements as detailed within paragraph 3.6 of the report.