Appendix H Table 1 Target Savings

	24/25 Target £	25/26 Target £	26/27 Target £	27/28Target £
Business Improvements*	85,000	300,000	360,000	415,000
Green Initiatives	50,000	100,000	150,000	500,000
Procurement Savings	100,000	25,000	25,000	25,000
Cashable Savings	120,000	240,000	360,000	480,000
Total	355,000	665,000	895,000	1,420,000

*Requested from finance definition of business improvements and cashable savings as currently not clear what is meant by business improvements.

Table 2 Savings Q1

	24/25 Target £	Q1 Actual £	Q2	Q3	Q4
Business Improvements	85,000	12,500	12,500	12,500	12,500	Through automation saving salary costs (£50k) on 2 posts and will be an ongoing saving
Green Initiatives	50,000	0				Sustainability Officers have been tasked with pulling something together on this but note our energy use has increased this last year.
Procurement Savings	100,000	60,000				£60k pa to 2028 from insurance contract.
Cashable Savings	120,000	40,500	15,000		100,000 [SM1]	£25k Royal Mail recharges and ongoing savings of £8kp.a. £7k p.a saving on FOI module. £500 saving on switching cybersecurity training to Boxphish. Q2 saving of £15k on mobile monthly charging plan
Total	355,000	150,500

To note only planned procurements known to date that may save money

Procurement -

Security Keyholding checking with Neighbourhood Services the budget and plan (Target is around 5%)
Windows cleaning – savings to be achieved via delivery by Spelthorne direct—identify how much we can achieve, plus this can be done in-house- to bring under one provider- Spelthorne Direct— ( negotiations underway to understand how much we can save from this project)

Also the Cleaning contract- savings of £33,600 already achieved based on available budget and current contract value after the procurement exercise have already been counted by finance in 23/25 budgets so no longer available for this exercise.

Currently anticipate an outturn of £265,500 a £90k shortfall for 2024-25 against the £355k target cashable savings.