The Cabinet
agreed to:
a)
Approve the savings and cuts
listed in Appendix A (£4.4M) to be used as a contribution towards our 2024/25 financial
deficit, and commission the Departments to move forward to implement the plans
taking note of the issues highlighted in the report.
b)
Set a balanced budget in
2024/25, to approve the value of the cuts and savings listed in Appendix B
(£0.8M) and note that further steps will be required before a final decision
can be reached to implement them, as outlined in 2.13, and use reserves to
bridge the savings that could not be realised in 24/25.
c)
Make provision of £0.52M to
meet the risk level involved in realising this cuts plan.
d)
Delegate the right to the
Chief Executive, in consultation with the Leader of the Council and the Cabinet
Member for Finance, to make adjustments to this Savings Plan as the maturity of
the schemes listed in Appendix A and B develops, within the financial totals.