Confidence in the accuracy of forecast budget savings at Shropshire Council is “significantly higher” than 12 months ago, councillors have been told.
The authority managed to reign in a predicted £14million overspend to finish the last financial year around £8m over budget, against a backdrop of around £42m worth of ongoing savings achieved in the period.
“£30m went into general reserves for the future, and the council has had to use most of those reserves in order to deliver the balanced budget,” he said.“The council is at risk, great risk – later on today we’ve got an agenda item which is already predicting overspends this year that we’re not going to be able to make.
“Nevertheless given all of those pressures that we had in year which we’ve talked about in detail at scrutiny, given the savings we’ve had to deliver, the fact that we had at the start of the year a reasonable if not high level of general fund balance means that we could contain that.
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