West Berkshire Council has recorded an overspend of just £7,487 for the 2016/17 financial year, despite forecasts that the deficit would be more than £750,000.
The final figure represents 0.006 per cent of the total £116.8million annual budget, which will be funded from the council’s reserves.
However, just three months before the end of the financial year the forecast overspend had been put at £758,000.
The change in fortunes has come from a £333,000 reduction in the adult social care forecast overspend, a £257,000 reduction in education and a £139,000 reduction in children and family services.
It comes after the council had to make £13.9m of savings in 2016/17 because some of its Government funding was withdrawn.
The overspend is due to be discussed tonight when the council’s executive committee meets.
A pre-meeting report states: “The final outturn of a £7k overspend and delivering 95 per cent of the savings programme was an excellent result.
“The council has made significant investment into identified pressure points as part of the 2017/18 budget process.”