WELLINGTON Shire Council has recorded a $20.8 million operating surplus for the previous financial year.
Council’s interim result shows its surplus for 2017-18 was $8.26 million more than forecast in the budget last year.
Council income was $101.5 million ($10.5 million more than budgeted), with expenditure $80.5 million ($2.3 million lower).
Councillor Allan Hall said rates and charges were $4.1 million more than budgeted, “driven by the increased level of domestic and industrial development”.
“We received some $6.9 million in grant income this year, which is an allocation of grants income in advance,” he said.
“Whilst expenditure reports an unfavourable variance, this is predominately driven by increased appreciation, which does not affect cash availability.”
Capital grants were $5.76 million lower than budgeted because grants expected for the West Sale Airport runway extension, Rosedale Rehabilitation Project and Roads to Recovery projects will now be received this financial year.
Council delivered $30.5 million in capital works last financial year.
However, $16 million in works were not completed, mainly due to projects being delayed because of extended consultation with the community or authorities, and contractor unavailability.
The final full year financial report will be presented to council later this year.
Council’s performance report for June showed it received funding from the Latrobe Valley Authority to upgrade main oval lighting at the Gordon Street Recreation Reserve, Heyfield.
Detailed design is nearing completion for upgrades at the Sale Tennis Club, and beginning for the Cameron Sporting Complex, Maffra.
Funding applications have been submitted to Sports and Recreation Victoria for the redevelopment of change rooms at Stephenson Park, Sale, and resurfacing of tennis courts at Pine Lodge, Stratford.