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He said: "The vast majority of our reserves are already committed within the medium term financial strategy such as to meet redundancy costs from the VR/ER (voluntary redundancy and early retirement) programme.
Recommendations to abolish the rate of timeand-a-third paid for overtime and replace it with a standard hourly payment were not taken up, according to the medium term financial strategy published by South Wales Police in 2012.
Calderdale Council has published its medium term financial strategy to 2015/16 and the coalition administration says it wants to work with councillors of all parties to set forthcoming budgets.
As previously announced, John Dixon joined the Board as Finance Director on 5 December 2005 and is assisting in drawing up a medium term financial strategy.
A row broke out between Coun Mick Henry leader of the Labour controlled council and Liberal Democrat opposition Coun Ron Beadle over the medium term financial strategy for the next three years.
In stark terms our Medium Term Financial Strategy is projecting a shortfall of up to pounds 7.
According to the Medium Term Financial Strategy (FSBR, 1994-95 page 15) 'it is the role of monetary policy to deliver low inflation'.
He added that the council's Medium Term Financial Strategy seemed to focus too much on 'what could not be done, rather than what could be.