Issue - meetings

To receive a report on the Council’s 3 year Financial Strategy.

The Committee received the Financial Planning – Budget Scrutiny report and noted the tabled advance questions and answers.  Gerald Almeroth, London Borough of Haringey’s Chief Financial Officer (CFO), introduced the report which detailed projects and business planning for the three year planning period.  Mr Almeroth highlighted the savings targets of 10% over 3 years from 2010/11 which would need to be made by conducting reviews of how services were delivered, teaming up with other boroughs and reducing back-office costs.

In response to comments that the current system of resource allocation understated Haringey’s needs, Committee Members requested that part of their annual Finance Training included working through the possibility of discussing the future levels of Government funding and the impact on Haringey.

RESOLVED

i.          That the budget scrutiny and associated timetable for the coming months, as set out in the report, be agreed.

ii.         That any further issues in respect of the financial strategy for the Cabinet be considered in the budget setting process.