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 2015.

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 approves:-

(1)     the budget increase at paragraph 3.2 of the report by £585,060 to £7,503,340;

(2)     the budget movements at paragraph 3.10 of the report of £262,430 which overall have nil effect on the budget which are in accordance with the Council’s financial regulations; and

(3)     the allocation from the one-off fund at paragraph 6.5 of the report of £44,269.