The Balranald Shire Council has reported a positive operating result of $1.7m for the year ended 30th June 2022 and has set aside over $1.8m for the replacement and upgrades to plant and equipment to deliver road and works upgrades for the community.
In referring the draft Annual Statements for audit, the Administrator Mike Colreavy praised the efforts of the staff and contractors engaged to complete the Statements, which not only indicated a good result, but were ready for audit well ahead on past years.
‘’I will be reporting to the Office of Local Government that Council has made significant progress on addressing the perilous financial position that existed in the past and this result signifies a turning point on delivering a sound financial basis for the future.” He said.
The council has set aside cash reserves of just over $1.5m for future Infrastructure development and an additional $400k for improvements at the caravan park as well as significant funding for future upgrades to water, sewerage and waste facilities.
“It has been a tough few years, sorting out the problems of the past and I thank the staff and the community for their perseverance. Having the end of year result available much earlier than in the past, will enable the Council to focus on backlogs and delivering more on community expectations.” Mike said.
Mike Colreavy
Administrator
