30 June 2010>
"Caerphilly county borough council is better placed to face the tough financial challenges that lie ahead as a result of its 2009-10 financial performance." That is the clear message from Deputy Leader Councillor Colin Mann who is responsible for overseeing the authority's finances.
A report was considered at a meeting of cabinet this week (Tuesday 29th June) detailing the council's performance against the budget for the financial year 2009/10. The figures show that the council managed to stay within budget, despite facing a range of financial pressures during the year.
Cllr Mann, cabinet member for finance, resources and sustainability said, "Our careful budget planning over the last few years has ensured the council is in a stronger position to face the inevitable financial difficulties ahead. We are better placed to tackle these challenges and it is important to note that the actual outturn position is largely in line with previous forecasts, so it is clear that our ongoing financial management is proving to be effective."
He also praised managers across the authority for delivering key services within approved budgets and is confident that this prudent approach can continue.
"However, we cannot afford to be complacent as I'm sure the financial situation will get much worse before it gets better. We will need to make some tough decisions about the way we continue to deliver services with very limited resources. Our priority is to ensure that, as far as possible, residents receive the quality services that they have come to expect with the least amount of disruption," he added.
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