“The section 114 notice was issued on 2 February 2018. And now, almost exactly two years on from this date, we are pleased to be publishing a financial monitoring report which forecasts an underspend at year-end.
“This is an achievement to be proud of and is evidence of the hard work that has taken place throughout the organisation over the past two years to stabilise our financial position.
“This hard work is still continuing as we remain cautious and fully committed to robust financial monitoring, whilst also developing services so that they are more sustainable. This is demonstrated throughout our budget proposals for 2020/2021 which lays the groundwork for a transition into two new unitary authorities next year.”