Agenda item

The Board considered a report of the Assistant Chief Executive that provided an update on the progress made at the end of December 2015 on the delivery of the 2015/16 Medium Term Financial Plan (MTFP5) (for copy see file of minutes).

The Head of Policy and Communications reported that the MTFP5 was agreed by Council in February 2015 and for 2015/16 the savings target was just over £16m. This forms part of the overall savings target for the period from 2011/12 to 2019/20 of around £257m.

By the end of December 2015 over 90% of the savings target for MTFP5 had been met with £14.6m of savings having been achieved which amounts to the total savings delivered since April 2011 to over £151m with £1.7m left to achieve by the end of the year.

Resolved:

That the information contained in the report and the progress made in delivering the MTFP5 be noted.