Thomas O Reilly, Sinn Fein. A LOCAL authority which borrowed £1.5 million from Fermanagh and Omagh District Council is scheduled to repay the funds on March 31, it has been confirmed. As the meeting to strike the rate for the coming financial year approaches, at least one councillor will be pleased, having previously remarked £1.5 million would be useful to “for instance, subsidise our rates this year”. Last week, members were provided with the Council’s financial position at the end of the third quarter of the financial year, which indicates a budget surplus of £3.7 million and reserves including a combined total of £6 million loaned out to other councils.