Council Makes Significant Cut To This Year’s Budget But Next Year Could Be Tougher

town hall 4The Council has managed to reduce it’s predicted overspend this financial year to just £16,000.

Earlier in the year, councillors were told that the Authority was facing a shortfall of £608,000 for 2013/14, which would need to be found from reserves.

Head of Finance Iain McCulloch said that if the Council continued to spend at this rate, the reserves would be wiped out by March 2016.

Some of the biggest reductions have come from the Community Services Committee, who wiped £224,000 of their costs, and Children and Young People’s Committee who reduced their budget by £161,000.

But at Friday’s Policy and Resources Committee, Chair of Council Amanda Martin said she wouldn’t want anyone to feel complacent just because the costs are coming down.

She said this was the “easier year” to find savings and these would need to be repeated.

Most of the reductions this year have come thorough removing budget errors, contingencies and not filling vacant posts.

Next year’s budget still shows a significant shortfall of around £430,000.

Iain said this would be addressed between now and February and department heads would need to come up with “credible plans” for their future budgets.



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