The Director of Finance presented the projected budget for 2010/2011, which would be the final year of the Comprehensive Spending Review (CSR) 2007. He outlined variations identified and outlined other developments which were likely to impact on the financial position of the authority in 2010/2011.

The gap between projected expenditure and anticipated resources was £10.9m and would need to be bridged by a combination of savings and/or increased Council Tax. He set out the efficiency plan targets and commented that he had assumed an annual Council Tax increase of 4%.

Resolved – That the projected budget for 2010-11 be updated and reported regularly to the Cabinet.