Council celebrates $8m surplus success
TWEED Shire Council marked the end of the current electoral term on a high this week, posting an $8 million surplus for the past financial year.
Outgoing councillors gathered for their last meeting of the current term on Thursday to discuss final agenda items.
While there was heated debate over the Pottsville Men's Shed and other agenda items, the five attending councillors congratulated staff for all their hard work.
After failing the NSW Government's Fit for the Future plan in 2015, the council's latest budget revealed an $8 million surplus.
Tweed Shire Council's manager of financial services Michael Chorlton said the council's current financial position was the best he'd seen in his 30 years of local government.
"The surplus represents council being able to pay for all of its operations and funding the renewal of its assets," Mr Chorlton said.
As the council gears up for another four years, Mr Chorlton said the newly elected councillors would still have to exercise financial discipline to maintain the Fit for the Future benchmarks.
Retiring councillor Phil Youngblutt did not attend due to ill health.
See more on the Men's Shed debate in Wednesday's edition.
