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ITEM CG10 - ANNEX 4

CORPORATE GOVERNANCE SCRUTINY COMMITTEE – 27 JULY 2006

EFFICIENCY SAVINGS

Principles

1. Where existing plans for expenditure across the directorate exceeds the budget agreed, the difference becomes a series of targets related to efficiency savings, savings from improved procurement and income generation.
2. Where existing expenditure plans equal the budget allocated, a further series of ‘tests’ will be applied by Finance and Procurement to ensure maximum advantage is being taken of procurement and income generating possibilities. These could also lead to a series of budget targets being established. The ‘tests’ will be applied through the ‘star chamber exercises.
3. Directorate budgets will also include targets to satisfy the Annual Efficiency Savings Statement. In many cases the targets established above, will satisfy AES requirements.
4. Once agreed directorates will cascade budgets and targets down to Cost Centre Managers.

David Lines, Nicola Brattle, Sue Hunt,
Business Development

October 2005

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