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Consultation has concluded. Thanks to everyone who contributed
The 2020-2021 Audited Financial Statements details a year of increased income and expenditure as Council delivered an unprecedented capital works program and grant funded disaster recovery works.
The Financial Statements show $76.7M in income, including grants and other contributions, and $69.9M in expenses resulting in a surplus of $6.8M.
When excluding funding received for capital grants, Council recorded a deficit of $4.9M.
The deficit of $4.9M, after excluding capital grant funding, demonstrates Council continues to secure and utilise grant and external funding for use on capital renewal projects, instead of self-funding this activity.
“The aim of Council’s Financial Sustainability Plan and current discussions with the community about service delivery is to continue to implement a solid financial management framework to reduce the deficit and Council’s reliance on external funding, while ensuring our infrastructure remains in good condition and the appropriate services are delivered to the community,” said Matthew Hyde, CEO Snowy Valleys Council.
“There is still work to do, however the improvement of $576,000 against our original budgeted deficit signals the organisation’s commitment to achieving efficiencies.”
We invite you to make a submission regarding the Financial Statements using the feedback form below:
Submissions close at 5pm on Thursday 28 October 2021.
Important information regarding your submission
Written submissions may be attached to the public report that is submitted to Council, unless you explicitly request you do not wish this to occur. They are subject to the Government Information (Public Access) Act 2009 and the Privacy and Personal Information Protection Act (PIPPA).
The 2020-2021 Audited Financial Statements details a year of increased income and expenditure as Council delivered an unprecedented capital works program and grant funded disaster recovery works.
The Financial Statements show $76.7M in income, including grants and other contributions, and $69.9M in expenses resulting in a surplus of $6.8M.
When excluding funding received for capital grants, Council recorded a deficit of $4.9M.
The deficit of $4.9M, after excluding capital grant funding, demonstrates Council continues to secure and utilise grant and external funding for use on capital renewal projects, instead of self-funding this activity.
“The aim of Council’s Financial Sustainability Plan and current discussions with the community about service delivery is to continue to implement a solid financial management framework to reduce the deficit and Council’s reliance on external funding, while ensuring our infrastructure remains in good condition and the appropriate services are delivered to the community,” said Matthew Hyde, CEO Snowy Valleys Council.
“There is still work to do, however the improvement of $576,000 against our original budgeted deficit signals the organisation’s commitment to achieving efficiencies.”
We invite you to make a submission regarding the Financial Statements using the feedback form below:
Submissions close at 5pm on Thursday 28 October 2021.
Important information regarding your submission
Written submissions may be attached to the public report that is submitted to Council, unless you explicitly request you do not wish this to occur. They are subject to the Government Information (Public Access) Act 2009 and the Privacy and Personal Information Protection Act (PIPPA).
