It follows an inspection by the HM Inspectorate of Constabulary.
The report says the police have successfully reduced their spending and are planning well for the financial challenges to come.
The inspectors were also impressed with their plans for a strategic alliance with the neighbouring Dorset force.
Raw sewage pours into landmark Devon river
Storm overflows gush into waterway for 40 per cent of year
Work underway to return shingle to East Devon beach
Bulldozer in action for Storm Goretti clean up
Car park fees increase at Devon beauty spot
Northam Burrows season ticket to rise
Tank shell shut downs recycling centre
No one was hurt
Exeter's Royal Clarence hotel to be restored
'Progress is moving fast'
