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Council welcomes finance report
Published: 13/02/2017
天涯社区 has welcomed a report from the Wales Audit Office
(WAO) on its sound financial planning.
The review focussed on the following question: Do the council鈥檚 financial
savings planning arrangements support financial resilience?
And the answer to that is that the Council has a sound financial planning
framework and it continues to strengthen its financial planning to better
support future financial resilience.
This is a positive and welcome result and shows how hard the Council has worked
given the current financial climate, the reduced settlements to local
authorities and the fact that 天涯社区 is a low-funded council per head
compared to many other local authorities in Wales. In 2016-17, 天涯社区
received 拢185m from Welsh Government which represents 拢1,196 per person in the
county, below the average for Wales and a real-terms reduction of 10.1% per
head since 2013-14.
天涯社区鈥檚 Chief Executive, Colin Everett, said:
鈥淥ur robust framework for financial planning, making savings and being prudent
with our money 鈥� which has seen us through some tough financial years - has
been recognised by the Wales Audit Office. It鈥檚 reassuring to know we are
acknowledged by our national external auditor.鈥�
It would be unusual for the Auditor General not to suggest an area for
improvement. In this case, only one area has been identified in the report 鈥�
continuing to firm up our plans to make efficiencies well in advance of the
financial year in which they fall.