The Director of Finance reported that at its meeting on 5 November 2009, the Cabinet (minute 186 refers) approved a projected procurement savings target of £682,000 for 2010/2011 for those areas of expenditure that involved corporate contracts. He reported upon progress towards achieving the savings target and other procurement initiatives that had a direct impact on service departments. He also outlined possible procurement efficiencies for 2011-2012 and commented that the Cabinet on 9 December 2010 (minute 252 refers) agreed to include procurement savings of £2m in the budget for 2011/2012.

Resolved –

(1)  That the procurement efficiencies delivered in 2010/2011 be noted.

(2)  That the inclusion of procurement savings of £2m in the budget for 2011/2012 be noted