Issue - meetings

Cabinet AGREED to delegate authority to the Leader and the Chief Executive, in consultation with the Finance and Staffing and Sustainability, Procurement and Efficiency Portfolio Holders, for submitting the total net value of ongoing cash-releasing value for money gains achieved since the start of the 2008/09 financial year.

Other Options Considered: None considered.

Reason For Decision: Guidance from the Department for Communities and Local Government is that the Leader of the Council, the Chief Executive and the Chief Finance Officer (Section 151 Officer) should certify and approve the NI 179 (value for money gains) calculation. 

Cabinet AGREED to delegate authority to the Leader and the Chief Executive, in consultation with the Finance and Staffing and Sustainability, Procurement and Efficiency Portfolio Holders, for submitting the total net value of ongoing cash-releasing value for money gains achieved since the start of the 2008/09 financial year. 

The Finance and Staffing Portfolio Holder explained that the actual NI 179 value-for-money gains demonstrated that the Council had surpassed the 3% target: adding the savings made over and above the same target set under the Gershon regime from 2004-07, the Council had made a total of £1.2 million savings, far exceeding the NI requirement.

Cabinet AGREED to delegate authority to the Leader and the Chief Executive, in consultation with the Finance and Staffing and Sustainability, Procurement and Efficiency Portfolio Holders, for submitting the total net value of ongoing cash-releasing value for money gains achieved since the start of the 2008/09 financial year.