Salisbury City Council reports strong year-end financial position

Tuesday, 27 May 2025 14:22

Salisbury City Council has announced its year-end financial outturn for 2024/25, revealing a positive and stable financial position that reflects prudent financial management throughout the year.

Contrary to the position of some other local councils in the UK, Salisbury City Council, despite a challenging economic environment, has delivered a surplus of £1,012,524.

The Council says this is due to cost-effective service delivery and income generation, as well as Community Infrastructure Levy receipts and capital receipts.

This is in stark contrast to local authorities such as Birmingham, Nottingham and Woking who declared themselves bankrupt two years ago. Likewise, the Local Government Authority says 1 in 4 local councils are 'likely to need emergency government support'.

Of the Council's total surplus, £654,818 originated from income-generating activities such as bank interest and treasury management returns, parking income and Guildhall hires.

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.

In the 2024/25 year, £639,959 was invested in capital schemes, including repairs to the Crematorium roof, the Broken Bridges nature reserve, and Rowbarrow green space improvements.

Leader of the Council, Cllr Sam Charleston, said, “Officers and councillors have worked hard over the past year to put our house in order. This new administration looks forward to addressing the challenges of our city from a place of financial responsibility.”

To view the full 2024/25 year-end financial reports, please visit the Salisbury City Council website here.