Playgrounds and skate facilities in Swansea are to receive a £2.4 million boost.
The council has already committed £2 million to improving playgrounds but its leader, Cllr Rob Stewart, said a further £1.9 million would now be allocated.
And £500,000 will go towards the city's existing skate facilities and potentially developing new ones.
The money is part of a £5 million investment in a recovery fund set up by the council to help Swansea get back on its feet after the Covid crisis.
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The £5 million announcement was made at a meeting of full council on November 4.
Playgrounds and play parks which will benefit include ones in Bonymaen, Blaenymaes, Ynystawe, Penlan, Townhill, Gendros, Dunvant, Brynmill, Dunvant, West Cross and Mumbles.
The £20 million recovery fund, boosted by a healthy council balance sheet, was launched earlier in the year.
Chief finance officer Ben Smith told councillors at the meeting that the authority was still "in a very, very good place in the short term", although he said he had longer-term concerns.
Inflation has been rising and many experts expect interest rates to rise.
Cllr Stewart said the finance team had locked in nearly £200 million of council borrowing at interest rates of between 1.91% and 1.96% for 50 years.
Lower interest rates such as these means lower repayment costs, which frees up money for day-to-day spending.
The Swansea Labour leader said the interest rate for all the council's historic and current borrowing combined was now down to just under 4% - a development he said would be seen in the future as "a very smart and very clever strategy".
Cllr Stewart said this meant the authority could build new schools and big city centre developments it was leading on "with confidence".
Opposition leader Cllr Chris Holley said he welcomed the sound financial situation but suggested that Cllr Stewart had been lucky due to ongoing, historically low interest rates.
Cllr Stewart conceded there was a certain amount of luck involved, but added that the administration had also had to deal with years of central Government spending cuts, Brexit and the Covid pandemic.
A report before full council said the authority's total external borrowing had climbed to £565 million as of March 31 this year. Financing charges were just over £27 million in 2020-21.
Later in the meeting, Cllr Wendy Fitzgerald referenced the playground upgrades, saying the one for her Penllergaer ward had been delayed.
She said she had discovered this was because the new rubber surface was coming from South Africa, and wanted to know if the council had looked at the costs and environmental implications of this.
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