Agenda item

Efficiency and Sustainability Plan - Implementation

Report of the Chamberlain.

Minutes:

The Sub-Committee received a report of the Chamberlain outlining the next steps to be taken regarding the implementation of the Efficiency and Sustainability Plan.

 

The Chamberlain advised that the plan needed to be viewed in the context of the overall Medium Term Financial Strategy: namely to have a five year plan with sufficient cashable savings to present a balanced budget for all four funds. To assist with this context and messaging, the set of core messages on the City of London Corporation’s Finances had been reviewed and updated.

 

The Chamberlain reported that the principles of how the Peer Review programme was anticipated to work had been agreed with the Chief Officer Summit Group, however the actual approach adopted would be revised in-light of experience gained from the first pilot review. Chief Officers would be invited to suggest key focus areas and approximate timing for a Peer Review of their Department so that a full programme could be developed.

 

A Member suggested that the reviews should avoid looking at each department individually and aim to be more thematic and cross-cutting so as to be more strategically focussed. It was further suggested that consideration be given to the communicating of the core messages to members during the member Induction programme.

 

In response to questions the Chamberlain explained that the reviews would be kept relatively light touch and draw on models/approaches developed elsewhere. Each review would seek to identify and utilise an external expert reference point to help shape the key lines of enquiry. He explained that this process would assist with embedding the principle of continuous improvement across the organisation.

 

The Head of Corporate Performance and Strategy also reported that the Corporate Strategy Network was about to be launched, the purpose of which was to provide support for the Chief Officers leading on strategic workstreams and linking to the development of the new corporate plan and revised business plans.

 

RESOLVED – That the core messages on the City of London Corporation Finances and the timetable and approach for implementing the Efficiency and Sustainability Plan be noted.

 

 

 

 

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