Caerphilly County Borough Council has been keeping a close eye on the purse strings and delivered well within budget during 2013/14 thanks to a prudent approach to financial management.
A report was presented to a meeting of the authority’s Cabinet this week providing a detailed breakdown of the provisional outturn for each of the council’s main service areas.
The overall result showed that the council achieved a total under spend of £9.6m (excluding housing and schools) for 2013/14.
Cllr Keith Reynolds, Leader of Council said: “We performed well against our budget targets last year and our prudent approach is clearly paying dividends. We will continue with this approach as we tackle the tough financial challenges that lie ahead.”
“I would like to thank staff across the authority for helping to effectively manage departmental budgets and for finding ways to do ‘more for less’ when delivering services within the community,” he added.
Managers have been anticipating the significant savings that are required over the coming years and have curtailed spending to support the council’s Medium Term Financial Plan.
This sensible approach has resulted in an overall under spend that is higher than would normally be expected at the end of a financial year.