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.