Mid Suffolk District Council have shown cabinet members at the Council that they are projecting to end the year with a surplus of £843k despite extra pressure from the coronavirus pandemic.
Going into the 20/21 budget, the Council says that they have endured £800k, reduced income amounting to approximately £1.3m, with the total financial impact of Covid totalling about £2.3m.
The Government will cover 92.5% of the costs, with the Council only having to cover £175k of the total.
Mid Suffolk District Council have said that savings to their existing budget as well as staff vacancies, meant that despite the virus, they would still be able to finish the year in the black.
Cllr John Whitehead, Conservative cabinet member for finances, said: “Some of the early projections I saw were frankly alarming. Still now we can only make best estimates.
“We have collated and fed information back to central government and they in their turn have used that to generate generous financial recompense and assistance schemes.”
Mr Whitehead added: “We do pride ourselves on our careful financial management and we keep an eagle eye on our expenditure.
“Mid Suffolk is forecasting a surplus for the year of £848,000 and that’s a very healthy surplus indeed in these Covid-ravaged times.”
Mid Suffolk District Council have shown cabinet members at the Council that they are projecting to end the year with a surplus of £843k despite extra pressure from the coronavirus pandemic.
Going into the 20/21 budget, the Council says that they have endured £800k, reduced income amounting to approximately £1.3m, with the total financial impact of Covid totalling about £2.3m.
The Government will cover 92.5% of the costs, with the Council only having to cover £175k of the total.
Mid Suffolk District Council have said that savings to their existing budget as well as staff vacancies, meant that despite the virus, they would still be able to finish the year in the black.
Cllr John Whitehead, Conservative cabinet member for finances, said: “Some of the early projections I saw were frankly alarming. Still now we can only make best estimates.
“We have collated and fed information back to central government and they in their turn have used that to generate generous financial recompense and assistance schemes.”
Mr Whitehead added: “We do pride ourselves on our careful financial management and we keep an eagle eye on our expenditure.
“Mid Suffolk is forecasting a surplus for the year of £848,000 and that’s a very healthy surplus indeed in these Covid-ravaged times.”
