Cambridge United chairman Dave Doggett has said his side are not the "big spenders" of the Conference Premier.
Boss Richard Money made 12 signings over the summer and the U's are still undefeated and top of the league.
"The football budget is no bigger than last year," Doggett told BBC Radio Cambridgeshire.
"It's quite amusing all these other clubs, managers and directors saying we're the big spenders. Actually, Richard has spent very wisely."
The U's finished 14th last season after cutting the wage bill and
But Money was overhauling his squad almost as soon as the season had finished, and brought in names such as Adam Cunnington - the league's second-highest scorer last term - from Tamworth and Grimsby defender Ian Miller.
The result has been emphatic, with Cambridge winning eight of their opening 12 games and creating a five-point lead at the top of the table.
That has created an upsurge in attendances, with crowds at the Abbey Stadium more than 20% higher than this time last season, and 3,740 coming to watch last Tuesday's win over Nuneaton.
"We budgeted for a loss anyway, but a smaller loss than previous years," said Doggett.
"So the money will help bridge that gap.
"If the team does need strengthening, then hopefully we will be able to do it. But at the moment Richard isn't knocking on the door saying 'I want more players'."