Council could invest further £9m

Russell Steele • Published 1 Feb 2012 08:56 3 Comments

INVERCLYDE Council announced this morning that it could be set to invest an additional £9 million as part of its forthcoming budget.

It says additional cash is available due to 'ongoing prudent financial management and efficiencies being achieved earlier than anticipated'.

Audit Scotland recently praised the local authority for its financial strategy, saying it was an example of good practice for other councils.

The surplus will be invested in a series of one-off projects to be agreed at a special full council meeting next Thursday.

Management have put forward a number of recommendations - including £3million for capital projects, £1 million for the refurbishment of the Watt Complex in Greenock and £300,000 extra towards the building of a new Inverkip Community facility.

Councillors will be told the council has a 'head start' in addressing the significant financial pressure it will face over the next two-year budget covering the period 2013-15, and that the strategy of setting two-year budgets has proved 'successful in terms of both financial and workforce planning'.

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This article appeared in Greenock Telegraph 01 Feb 12

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• 

  askelvis
  456 posts
  Feb 1, 13:32
  Report comment

  Great now get the roads fixed please. Not asking much just get them sorted.
  
  Recommend?   Yes 7     No 0

• 

  ******
  Feb 1, 16:06
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  This comment has been removed by a moderator

• 

  suizie
  23 posts
  Feb 1, 23:16
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  Pity they can't invest the same in people that are I'll through no FAULT of their OWN !!
  
  Recommend?   Yes 0     No 0

• 

  news007
  31 posts
  Feb 2, 22:17
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  just take the cash set it on fire be about the same as its spending plan you can see the first class managment structure at inverclyde council at work again got there finger on the pulse ahead of the rest no wait thats me dreaming because its not this crowd anyone know when the for sale signs go up on iverclyde maybe mister trumphet might buy it turn it into a theme park
  
  Recommend?   Yes 0     No 0

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