The Cabinet considered the report of the Head of Corporate Finance and ICT which provided an update on the latest assumptions contained in the Medium Term Financial Plan 2012/13 to 2014/15 and highlighted the potential budget gaps for that period.
RESOLVED: That
(1) the projected assumptions in the Medium Term Financial Plan be approved; and
(2) it be noted that the potential budget shortfalls within the Medium Term Financial Plan are as follows:-
£m
2012/13 20.05
2013/14 27.65
2014/15 38.55