CHESHIRE East Council produced its best ever financial performance for the year 2013/14 and was one of the financially strongest local authorities in the country, according to a recent audit report.
Based on an assessment of economy, efficiency and effectiveness, auditors Grant Thornton have given the Council an unqualified Value for Money report and said the Council is to be commended for its improved arrangements for the Year 2013/14.
The independent auditors highlighted in their report that Cheshire East was in a strong financial position and was better placed than many local authorities around the country.
The Authority produced its best ever performance for the Year 2013/14, eliminating an £11.1m budget deficit, reduced borrowing by £6m, increased its reserves by £13.2m and also made a surplus of £0.9m.
The report by Grant Thornton stated: “Our work highlights that the Council managed its finances effectively for 2013/14 within its revenue budget of £260m.
“Based on our review of the Council’s arrangements to secure economy, efficiency and effectiveness in its use of resources, we propose to give an unqualified Value for Money conclusion.”
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