Eastbourne Borough Council has achieved an under-spend of £190,000 in the annual budget without any reductions in frontline services.
The announcement follows the earlier decision this year by Eastbourne Borough Council not to increase council tax.
Councillors welcomed the figures at a meeting of Cabinet on Wednesday (May 14) night.
The surplus will be added to council reserves and earmarked for future investment in the town.
Cabinet Councillor Gill Mattock, Portfolio Holder for Finance, said, “Considering the funding challenges we are managing, this is an outstanding achievement and further evidence of the council’s prudent financial management.”
Cabinet also received a quarterly performance management report showing that 16 priority projects are on target.
Most notably, the vacancy rates in town centre business rates remain below the national average, there has been a decline in Job Seekers Allowance claimants and the number of theatre visitors and conference delegates is greater than expected.
The council has also scored its best ever result in managing benefit claims. On average, claims are being processed in 20 days and changes in circumstances in five days.
Councillor Mattock added, “The council has been transformed in recent years with the leanest processes and latest agile working technology characterising everything we do. While there is no room for complacency I’m absolutely clear that the radical changes we’ve driven through across the authority will continue to pay dividends for many years to come.”
Other council performance highlights include more affordable homes than predicted with 69 private homes brought back into use following action to tackle urgent housing need and an increase in young people participating in sport in Eastbourne.