Council shaves £17.5m off budget deficit
- Published
Spending restrictions have helped to cut a council's expected deficit by almost two thirds, after service commitments were put on hold.
Warwickshire County Council had reported a near £27m gap between its budget and projected costs in September, but this figure has now reduced to less than £9.5m.
Financial reports show £13.5m is expected to be saved through tighter controls on managing staff and savings on catering, hospitality, training and development and attending conferences.
Some spending commitments have been put on hold, with £100,000 also saved on speeding and road and school safety.
Other areas of underspend include a forecast of £500,000 "largely due to delaying and stopping some activities" in economy and skills, and a reduced spending of £158,000 in public health.
The local authority had budgeted £401m for delivering day-to-day services and it now expects to spend an extra £41.6m, which is £5.4m less than what it was expected to be two months ago.
The financial projections and work to manage the council’s finances will be discussed by the cabinet on Thursday.
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