A FURTHER £14 million will have to be slashed from Warrington Borough Council's budget for next year.
This is on top of £23 million cuts made in the current year, according to the council's draft statement of accounts for 2011/12.
The draft statement will now be inspected by the Audit Commission before September 30, when the accounts can be formally published.
Council chief finance officer Lynton Green said: "We are pleased to present a positive statement of accounts particularly in light of the number of financial challenges we have faced this year.
"We needed to deliver nearly £23m of savings during 2011/12, and this has been achieved with a minimal impact on front line services across Warrington."
He said the council had managed to save £300k during the year, which will be used to assist with any future funding issues.
Mr Green added: "2012/13 will also be a challenging year with the council needing to find another £14m of cuts to meet the government's austerity measures, however, I am confident we have the processes in place to ensure this is delivered in line with the budget approved by the council on March 3," he added.
Cllr Russ Bowden (pictured), the council's executive member for Corporate Resources and Assignments, said: "The budget for 2011/2012 was the most challenging we have ever faced and included confirmation of a 28 per cent reduction in funding and grants from the Coalition Government over the next four years.
"With all of this in mind, to achieve our savings target for this year is a momentous achievement.  It demonstrates our resolve to reviewing and redesigning our services, driving out inefficiencies and ensuring the best deal in our procurement activities.  This allows us to continue providing the key services that our residents rely on."
He acknowledged the impact on staff and services, but said the council was committed to safeguarding frontline services as far as possible. It was important the council remained financially stable and exploited investment opportunities that would bring employment and growth in the town.
 The statement of accounts can be viewed at www.warrington.gov.uk/home/your_council/Budget_and_spending/statement_of_accounts/
Paper copies can also be viewed from July 17 to August 13 between 9-5pm at Quattro/New Town House, Buttermarket Street, Warrington, WA1 1NU.