Report shows healthy Council finances
Last updated | 14/04/2008
The Council’s final revenue budget monitoring report for the financial year 2007/8
will be considered by a meeting of the Strategic Policy and Resources Committee on Wednesday 16 April.
Councillor Ian Miller, Leader of the Council, said that the report showed the Council is in a very healthy financial position.
"This is the final report to come before Perth and Kinross Council prior to the completion of our year end accounts for the financial year,” Councillor Miller explained.
“It shows that our General Fund based on expenditure to January 2008 is in the black to the tune of £5,990,000. This has been achieved by rigorous and prudent management of our budgets throughout the financial year.
“We have worked extremely hard to maximise our revenues. For example we are the third best mainland Council in terms of collection rates for council tax and by careful management of our financial lending and borrowing we have achieved savings of more than £2.493 million.
“It is important to note that during the financial year we have also made provision to meet increasing costs in areas such as construction inflation and energy price rises. We have also built into our financial budgets major financial commitments such as the cost of single status and our huge Investment in Learning project.
“This favourable financial outcome has allowed us to invest new resources into various sections of the Council's budgets in the coming three years. Most notable of these is a commitment to invest a further £2.25 million in the continuing improvement and redesign of home care services for vulnerable and elderly residents, allowing them to continue to live safely in their own homes. In addition to this we are investing an additional £3.9 million on average every year for the next three years in waste management. This has only been possible because of our good management of our resources.
“I am proud of the ways in which this Council is making best use of its available finances. We are committed to improving our services at the same time as ensuring sound financial management of our resources.”
