Council finances tighten before budget
COUNCIL finances will be tight in the coming months, with some areas of expenditure exceeding the year-to-date estimate.
In a financial report presented to the council at a meeting last week it was revealed that spending on materials and services was $2.1million (15.1%) over the year-to-date estimate.
The report, which was compiled on April 20, also showed that operating expenditure was $1.1million over.
Employee costs, on the other hand, were down 5.4% or $1.2million.
The council's finance manager, James Ovenstone, said it was not a bad report for the council.
"The council is travelling steady at current but it will be tight in the last few months of the financial year," he said.
Capital works expenditure sat at $11.9million at the end of April, with $1.9million of commitments bringing the total figure to $13.8 million or 80.3% of the capital works budget of $17.3million, he said.
Southern Downs Regional Council director of business and community services David Tuxford said the council was pleased staff wages were under budget by 5.4% and noted that it was also great to see more than 80% of the capital works budget had been spent on improving the region's infrastructure.
"Council are carefully monitoring the amount spent on contracts and materials," he said.
"Additionally the council is ensuring that it recovers all monies it is owed by various parties."
Concern was raised by Deputy Mayor Ross Bartley about meeting the deadline for the sealing of Roach St, but assurances have been made by the CEO there were no changes.