24 July 2009>
Caerphilly county borough council is delivering key frontline services to the community within budget, a financial report has revealed.
A recent statement of accounts for 2008/09, which was presented to a meeting of full council, showed that the authority had actually under spent by £660,000 which represents 0.22% of the net revenue budget.
Deputy leader of council and cabinet member for resources, Cllr Colin Mann, welcomed the news, "This report clearly demonstrates that we have steered the council though the recent economic turbulence using sound financial management, while protecting frontline services to the public. This healthy balance sheet shows that our prudent fiscal management, together with our ongoing drive to identify savings and cut waste, is leading to positive results."
"This reflects the council's aims to maintain a sound overall financial position which allows our departments to provide residents with appropriate service delivery arrangements," he added.
Local authorities are responsible for managing major budgets and deliver a range of services including education, housing, public protection, highways and social services. Caerphilly council serves a population of over 171,000 people and manages a budget totalling over £300million.
"We have faced a number of challenges recently including the Icelandic bank crisis as well as other ongoing pressures such as equal pay and job evaluation, but we are committed to ensuring our residents receive top quality services, while demonstrating good value for money and this report shows we are achieving this," added Cllr Mann.
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