Falkirk Council have uncovered a multi-million pound 'bonus' - after discovering their expenditure last year was nearly £7 million under budget.
Chief finance officer Amanda Templeman told members of Falkirk Council' s executive on Tuesday that while the final accounts have yet to be completed, the net expenditure at March 31, 2022 is forecast to be £387 million - £6.7 million below the resources available.
That is good news for the council as it had agreed when setting its budget in February to use £5 million worth of reserves to balance the books. The forecast reserves position - expected to be around £7.5 million by the end of the year - is now £11.5 million.
