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Positive Trend for Council

Nearly two months into the financial year, and the Warrumbungle Shire Council operational budget is on track.  Following an operating surplus of nearly $6.5 million for the 2015/16 financial year, the Warrumbungle Executive team are pleased with the positive trend experienced over the past four years.


In tandem with a rising trend in capital expenditure on infrastructure projects across the Warrumbungle shire, General Manager Steve Loane commends the combined efforts of staff in achieving this result.


“All Council staff should take credit for the services and works provided to the community in recent times,” announced Mr Loane to staff following the August Council meeting.  “The excess of $6 million in accrued operating surplus is the most outstanding result this Council has ever seen, and in combination with the planned $15.8 million capital works program over the past 12 months, reflects the team effort of staff.”


“Council has also maintained a cash balance at the bank of $15.7 million without drawing on savings, whilst providing budgeted services as detailed in the annual Delivery Program and Operational Plan, more commonly known as the budget.


“It is anticipated Council will be able to move considerable savings to bank reserves for the first time in many years.”


The 2015/16 capital program equates to $1,652 expended per Warrumbungle shire resident, and averages at $1,277 per annum over the past four years.


“It is pleasing to see the positive trend of capital expenditure, funded largely through grant programs from the state and federal government on infrastructure projects such as roads, bridges and town water security.


“None of this would have been possible without the concerted efforts of all staff, and during the August Council meeting, Councillors were unanimous in congratulating staff on their efforts for such an outstanding result.”


The 2012/13 to 2015/16 End of Term Report for Warrumbungle Shire Council was presented at the August Council meeting, and will be available to the community following the 10 September local government election, as dictated by the Office of Local Government.  The Report lists the achievements of the current term of Council over the past four years.


Last Updated: 29 Aug 2016