Quarterly review shows Council commitment to Capital Works program
Published on 16 November 2018
The Quarterly Budget Review, to be presented at this month’s ordinary general meeting in Yarrawonga on 28 November, shows Moira Shire Council is committed to implement a $21 million Capital Works program, the largest in Council’s history.
General Manager Corporate and Chief Financial Officer Simon Rennie said over the next four year’s Council has further budgeted $71.2 million in capital works.
“There have been some concerns noted by members of the community about our cash reserves, and Council has committed the vast majority of these funds to the implementation of various projects, which can be found in the Strategic Resource Plan,” Mr Rennie said.
“It should be noted that the revenue stream in the profit and loss statement contains state and federal grants.
“Many times these funds are received in advance of the specific projects they have been allocated for; the expenditure for these projects can be found in our Capital Works budget on our website.
“Despite the constrained rate capping environment of 2.25%, this fiscally responsible budget supports the timely delivery of our Council Plan priorities – a great place to live; a thriving local economy; a clean green environment; and a well run council.”