Issue - items at meetings - Value for Money - Phase 2 Update

Report of the Director of Finance & Resources (copy attached).

1.       That the continued progress of the Value for Money Programme into phase two be noted.

35.1    The Cabinet Member considered a report of the Director of Finances & Resources concerning the Value for Money, which updated the Cabinet Member on the council’s phase 2 programme for ensuring value for money across all of its services (for copy see minute book).

35.2    The Assistant Director, Financial Services, noted that there were many initiatives progressing together and that it was important that they continued to run in parallel in order to achieve a better outcome.

35.3    The Opposition Spokesperson referred to the estimated savings indicated in paragraph 3.3.3 of the report. He noted the current difficult financial times and felt that any meaningful savings would have to be properly assessed in due course.

35.4    RESOLVED - That the continued progress of the Value for Money Programme into phase two be noted.

35.5    The Cabinet Member indicated that today’s meeting was the last of the Finance Cabinet Member meetings and that, from now on, all finance matters would be considered at the meetings of the Cabinet. The Head of Law clarified that there was a further Finance Cabinet Member Meeting scheduled for March 2010 before its taken over by Cabinet.