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