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 December 2021.
Alternative options considered:
The reason for the decision:
It was a legal requirement under S25 of the Local Government Act 2003 to set a balanced budget and monitor the financial position throughout the year.
That Cabinet approves and recommends to Council that the budget remains at £10,351,080 as detailed in paragraph 3.2 of the report for 2021/22.