THAT:

(a)          the projected overspend of £3.9m for 2013/14 and the potential impact on reserves and the 2014/15 budget, be noted; and

(b)          the continuing action by Directors to identify further financial savings to mitigate the impact, be supported; 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