Richie Foran insists Inverness chairman Kenny Cameron has given him the cash he needs to bring success back to the Highlands.
The Irishman has taken over at Caley Thistle from John Hughes, who quit last month after his budget frustrations boiled over.
Hughes led the club to their first ever major trophy last year but decided to walk away just 12 months after that maiden Scottish Cup triumph when Aberdeen priced him out of a move for striker Myles Storey.
But 36-year-old Foran is adamant he can make the money he is being given go a long way as he prepares for his first season in management.
Speaking as he was officially unveiled a month after his appointment, the former club skipper said: "I know there was a lot of talk on the budget but I'm delighted with it.
"It can be a successful budget and I'm sure I'm going to make that happen as well."
But the former Southend and Motherwell frontman will have to stretch his resources far after losing 10 members of the squad which finished seventh last term.
So far, only striker Scott Boden from Newport County and former QPR youngster Jake Mulraney have arrived as reinforcements but Foran is determined to get value for money.
The new manager - who has penned a four-year deal - said: "For me, management is all about recruitment. It is the most important aspect of my job. You have to bring in the right players. Do that and that's half your job done.
"I'm delighted with what we have so far and we want to add to it again. We're looking to progress the club as much as we can. It's about better training facilities, better kit, better everything.
"We're going to improve the place and we're going to do it together - me, the chairman, the board. We'll do it as one."
Foran hopes to bring in four more signings before the Ladbrokes Premiership gets under way but says he will not rush into panic buys.
"We've got some offers out there and I'm actually quite excited about those players so hopefully we get some positive feedback," he explained.
"But I'm going to take my time - it won't be done quickly.
"You've got a lot of homework to do on these players - not only the quality of their play but you also have to look into how personally they are going to fit into my dressing room.
"We have a fantastic spirit in there and I want to keep it that way. The players coming in will have to fit into that."
The Dubliner admits he has not spoken to Hughes since his departure but insists he will not go short on advice from the managerial fraternity as he looks to shape his coaching style.
"I haven't spoken to him but I have had a few messages from other managers," said Foran, who has hung up his boots to concentrate on his dugout prospects. "One I got from an ex-manager said, 'Welcome to the asylum'. That put a smile on my face."
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