The 2015/16 budget projects total expenditure of $220.4 million, including a capital works program of $58.4 million. It shows that our financial position is sound, with a projected surplus before capital grants and contributions of $13.6 million.
| Restricted: |
|
| Gain on Sale of Kiah Site |
$9,073,000 |
| Kimbriki Environmental Enterprises – Non-controlling Interests (Manly, Mosman and Pittwater Councils) |
$1,642,000 |
| Domestic Waste Management Charges |
$702,000 |
| Interest – s94 and s94A Contributions |
$599,000 |
| Total |
$12,017,000 |
| Unrestricted: |
|
| Available for Working Capital |
$1,620,000 |
| Total |
$13,637,000 |
The Budget 2015/16 and the Long Term Financial Plan 2015-2025 is reviewed by Council’s auditors, Hill Rogers Spencer Steer. Hill Rogers Spencer Steer has provided an
Independent Assurance Report dated 25 May 2015.
Council has continued to pursue operational efficiencies with minimal impact on existing service levels or the high quality delivery of services to our community.
As noted, some $58.4 million will be spent this year on capital works. This includes investing nearly $23.9 million in asset renewal to improve the overall condition of our assets, thereby reducing ongoing operational costs associated with asset repair and maintenance.