The Cabinet:
i. Agrees the involvement of the Council in the procurement and implementation of a new Financial Management System in partnership with its strategic partners, Cambridge City Council and South Cambridgeshire District Council.
ii. Approves the release of up to £258,667 to finance the £192,000 capital acquisition and implementation costs and £66,667 first year revenue costs from the Special Earmarked Reserve.
iii. Delegates final approval, subject to a 10% contingency, to the Head of Resources in consultation with the Executive Portfolio Holder for Resources for the release of the reserve to finance the project.