SALISBURY City Council’s year-end financial outturn for 2024/25 has been revealed.
A total surplus of £1,012,524 was delivered after a balanced budget was set, which the council said is due to cost-effective service delivery and income generation, as well as Community Infrastructure Levy receipts from developers and capital receipts.
The council said this reflects a “positive and stable” financial position that reflects prudent financial management throughout the year in the face of a challenging economic environment.
Leader of the council, councillor Sam Charleston, said: “Officers and councillors have worked hard over the past year to put our house in order.
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“This new administration looks forward to addressing the challenges of our city from a place of financial responsibility.”
Of the total surplus, £654,818 originated from income-generating activities such as bank interest and treasury management returns, parking income and Guildhall hires.
A spokesperson for the council said: “The £1.012m is credited to the council’s reserves at year-end, significantly strengthening its financial position, improving resilience for future challenges, which now sits at £1.692m compared to £400,332 at the end of the 2023/24 financial year.”
To view the full 2024/25 year-end financial reports, visit the Salisbury City Council website.
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