Female accountant enters numbers from calculator into computer

Mid Suffolk District Council project £800k budget surplus

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.”

PSE Mag

PSE February/ March 2024

Digital Infrastructure - the key to shaping the future of our rural communities

Dive into our latest edition for February/March!

 

Videos...

View all videos
Online Conference

Presenting

2024 Online Conferences

In partnership with our community of public sector leaders responsible for procurement and strategy across local authorities and the wider public sector, we’ve devised a collaborative calendar of conferences and events for leaders of industry to listen, learn and collaborate through engaging and immersive conversation.

All our conferences are CPD accredited, which means you can gain points to advance your career by attending our online conferences. Also, the contents are available on demand so you can re-watch at your convenience.

Public Sector Executive Podcast

Ep 51. Diversity, equality and representation with Stuart Love, Chief Executive of Westminster City Council

It is the role of local government leaders to make the decisions that will best deliver for the communities that they represent. That much is obvious.
 

How can they do this, however, if they are not accurately representative of those very communities?
 

Great strides have been made in ensuring that everyone, regardless of their ethnicity, race, gender, or social class is represented in some way within local government. Chief Executive of Westminster City Council Stuart Love joins host Dan Benn to talk about why this work is important, the different work that is being done in Westminster, and how his background influences his stance on equality and diversity.

More articles...

View all