A report by the Director of Finance updated Members on the projected budgets for 2011-12 and 2012-13 taking into account the Spending Review presented on 20 October 2010 and the provisional Local Government Finance Settlement.

Councillor S Holbrook reminded the Cabinet that when it had last met on 9 December the Local Government Settlement had not been announced.  It had therefore taken pre-emptive action in advance of the settlement.  Consequently, it had a surplus but would still need to be cautious.

RESOLVED:

That the budget projections be kept under review.