Buncrana Town Council's finances are moving in the right direction, according to Mayor Cllr Nicholas Crossan.
Cllr Crossan was speaking after the council approved a draft unaudited financial statement for 2011, showing that while the council did have a deficit of €335,000 last year, it fell for the third year in a row,
The council had budgeted for expenditure of €3.34 million, and spent just over €3.6 million.
Town Clerk Seamus Canning told members that matching higher than expected government grants accounts for much of the overspend.
Cllr Nicholas Crossan says the deficit is coming down each year, and the fact that the council actually returned a small revenue surplus shows the care it is taking with its finances.....