Decision details

To update the position on the achievement of Revenue budget savings for 2013/14, and to determine actions to be taken. It is essential for financial planning that the Council achieves its agreed targets. Where there is an expectation that a saving will not be achieved, it is essential that that compensatory action is taken to ensure the Council is not adversely affected financially.

The Cabinet considered the report of the Head of Corporate Finance and ICT which provided details of the progress made on the achievement of the approved budget savings for 2013 – 2015.

Decision Made:

That:

(1)       the progress to date on the acheivement of the approved budget savings be noted; and

(2)       it be noted that earmarked reserves would be utilised in 2013/14 should other savings not be achieved elsewhere in the budget to bridge the current gap set out in the report.

Reasons for Decision:

To ensure the Cabinet are informed of the latest position on the achievement of savings for the current financial year and to facilitate the achievement of the savings targets for 2013 - 2015.

Alternative Options Considered and Rejected:

None