Home' Moorabool Matters : Moorabool Matters October 2009 Contents MOORABOOL MATTERS - COMMUNITY NEWSLETTER OCTOBER 2009 03
Under the Local Government Act 1989 (the Act), Council is required
to prepare and adopt an annual budget for each financial year. The
budget is required to include certain information about the rates and
charges that Council intends to levy as well as a range of other
information required by the Local Government (Finance and
Reporting) Regulations 2004 (the Regulations) which suppor t the Act.
The Annual Budget has been developed within an overall planning
framework which guides Council through the Council Plan and
Annual Budget. Council then demonstrates its achievements and
accountability through publication of an Annual Repor t including the
repor ting of the operations of Council and Audited Performance and
In preparing the 2009/10 Budget, a number of external influences
have been taken into consideration, because they are likely to impact
significantly on the ser vices delivered by Council in the budget
period. These include:
• Consumer Price Index (CPI) increases on goods and ser vices of
around 3.0 percent per annum;
• Increasing expectations within the community.
As well as external influences, there were also a number of internal
influences arising from the 2008/09 year which have had a significant
impact on the setting of the Budget for 2009/10. These include:
• The need to enhance ser vice deliver y, systems development
and strategic capacity;
• A desire to reduce Council's underlying operating deficit over
the next five years; and
• A need to focus on the level of funds provided for renewal
and maintenance of existing assets.
The summar y as detailed provides key information about the rate
increase, operating result, ser vice levels, cash and investments, capital
works, financial position, financial sustainability and key strategic
activities of Council.
Rates & Charges - rates increased by 2.5 percent for the 2009/10
year, raising total rates and charges of $19.316 million, including $0.07
million generated from supplementar y rates. The increase will go
towards maintaining ser vice levels and provide additional funds for
Council's Capital Improvement Program. The rate increase for the
2008/09 year was 7.6 percent.
Operating Result - the operating result for the 2009/10 year is a
deficit of $0.460 million, which is a decrease of $2.957 million over
the expected result for 2008/09. The underlying result, which
excludes contributed assets, is a deficit of $1.560 million which is a
decrease of $3.523 million over the expected result for 2008/09.
Ser vices - the net cost of ser vices delivered to the community for the
2009/10 year is expected to be $16.020 million which is an increase
of $1.501 million over 2008/09. For the 2009/10 year, ser vice levels
have been maintained and a number of new initiatives proposed. The
projected net cost for the 2008/09 year is $14.579 million.
Cash and Investments - decreased by $1.403 million during the year
to $3.862 million as at 30 June 2010. Cash and investments
were $5.265 million as at 30 June 2009.
Continued page 4
Picture: Community projects such
as the Paddock Creek playground
in Gordon will be funded in the
Links Archive December 2009 Moorabool Matters August 2009 Navigation Previous Page Next Page