THAT: 

(a)       Cabinet noted the projected overspend of £3.3m for 2013/14, an improvement on the August position of £0.6m, the potential impact on reserves and the 2014/15 budget;

(b)      Cabinet supports the continuing action by Directors to identify further financial savings to mitigate the impact; and

(c)       Directors and financial resources are focussed on identifying savings for the remainder of 2013/14 and future savings for 2014/15 to 2016/17.