Crevillent town hall has €5.3million surplus

CREVILLENT Town Hall closed 2010 with a surplus of more than €5.3million. This is in stark contrast to the fate of the majority of municipalities in the Alicante Province, and indeed the rest of Spain, who are in debt.

“We have been able to achieve this through good management and control of the budget,” said Mayor Cesar Augusto Asencio. Crevillent Town Hall ensure that their suppliers are “paid within 36-days, which contributes to maintaining local employment.”

Out of €20million worth of invoices, just a little more than €7,600 has not been paid as they are under consideration due to errors. A surplus has been set aside for the payment of these bills should they be deemed correct.

Other than that, there are no overdue bills to be paid, unlike other municipalities. Elche and Elda Town Hall’s registered an €11million and €3.8million debt at the end of 2010.

Meanwhile, Guardamar del Segura Town Hall could be left without electricity if they do not reduce their debt to Iberdrola.