The Director of Finance presented a report updating the projected budgets for the years 2011 to 2014 and 2014-15 in line with the decision of HM Treasury to undertake a four year Spending Review.

Resolved: That

(1)  it be noted that budget savings are proposed elsewhere on this agenda for 2010-11;

(2)  as an additional response to the projected budget shortfall, the Director of Finance co-ordinate a review of existing contracts to identify and achieve any opportunities which are in the financial interests of the Council; and

(3)  the Administration has made a strong commitment to public engagement and consultation and the outcome of this process informs the decisions on further efficiencies and savings from 2011.