This report provides and update on the revenue budget position of the Council and the reserve funds at the end of September 2016.

In accepting the recommendations, Cabinet will approve and recommend to Council that the budget increase at paragraph 3.2 in Quarter 2 of £33,860 which results in a budget of £7,604,990 and the allocation from the one-off fund at paragraph 6.6 of £45,855.

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.