Agenda item

a)  That the Council’s current projected Revenue Budget for 2012/13 to 2015/16 be noted.

b)  That updated assumptions underlying the Medium Term Financial Plan and the potential additional impact relating to the Chancellors Autumn budget statement be noted.

c)  That the overarching savings strategy and targets as set out on Appendix A to the report be approved and that additional proposals be further developed to meet remaining budget deficit.

d)  That the specific proposals set out in section 5.11 of the report be agreed and that officers be requested to implement them with immediate effect where possible.

The Cabinet was advised that the latest projections of the Council’s Revenue and Capital Budget for the period 2012/13 to 2015/16.  The report outlined the main assumptions driving the Council’s Medium Term Financial Plan and the strategy to address all known current requirements across the medium term.  The report proposed a strategy for securing saving requirements whilst maintaining the focus on protection for front line services, wherever possible.

The Director of Community and Wellbeing outlines the proposals for new services relating to services within the Community and Wellbeing Directorate which were detailed in the report.  The savings accounted to £680k in year one and £1.38million in the second year.  The Director advised that the savings were dependant on statutory consultations.  In answer to a question, the Director gave details of the timetable for the retendering of Supporting People Commissioned Services.

Resolved -

a)  That the Council’s current projected Revenue Budget for 2012/13 to 2015/16 be noted.

b)  That updated assumptions underlying the Medium Term Financial Plan and the potential additional impact relating to the Chancellors Autumn budget statement be noted.

c)  That the overarching savings strategy and targets as set out on Appendix A to the report be approved and that additional proposals be further developed to meet remaining budget deficit.

d)  That the specific proposals set out in section 5.11 of the report be agreed and that officers be requested to implement them with immediate effect where possible. (Taken with urgency).