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 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 the budget remains at £11,366,370 as detailed in paragraph 3.3 of the report for 2022/23;

(2)    that any overspend in 2022/23 is financed by an increase in the Transfer from Reserves as detailed in paragraph 3.4 of the report; and

(3)    the departmental budget movements as detailed in paragraph 3.8 of the report.