Issue - meetings

Cabinet considered the report of the Cabinet Member for Performance and Resources noting note year-end forecasts, and progress made against agreed savings targets for the 3^rd quarter ended 31^st December 2016.

Cabinet considered the report of the Cabinet Member for Performance and Resources noting note year-end forecasts, and progress made against agreed savings targets for the 3^rd quarter ended 31^st December 2016.

Councillor Norman highlighted key areas of the report and explained that the proposed transfer of £100,000 to the Business Rates Reserve was to protect the Council against further reduction in central government formula grant.

Cabinet Members acknowledged the challenges within their individual portfolios and welcomed the implementation of the Together Gloucester Organisational Change that would result in efficiencies and further savings.  

RESOLVED:

1.    The savings achieved in year to date total £446k with a further £283k in progress.

2.    The forecast year end position is currently for a reduction to the Council’s General Fund balance of £109k, an improvement of £23k since Quarter 2.

3.    The deficit position includes a proposed transfer to the Business Rates Reserve of £100k.

4.    The details of specific budgetary issues identified by officers and the actions being taken to address those issues

5.    The current level of Capital expenditure as shown on Appendix 2.