News

Tough decisions ahead as council reins in deficit

Lismore City Council Chambers.
Lismore City Council Chambers.

LISMORE City Council has registered a $10.4 million deficit in it's 2012 Financial Report, which was adopted by councillors at Tuesday night's extraordinary meeting, after a briefing by a representative of council's auditing firm Thomas Noble and Russell.

Council will now face some tough decisions as it attempts to reign in a consistent run of deficits, said council finance manager Rino Santin.

A Zero Based Budget review beginning in July 2013 will look at how to reduce Council's costs without compromising its core committments to services and public works.

"Put simply, we have to best match the cost of works and services to the funding available, or look at other ways to deliver community expectations. This very question will be asked through the 'Imagine Lismore' process as it's not an easy one to answer," said Mr Santin.

A consistent 'on paper' cost hitting council is its estimated $23 million in annual asset depreciation - roughly 2.3% of council's infrastructure asset pool, currently valued at just over $1 billion.

Council is unable to fully fund this expense, leaving a gap between the necessary maintenance of its infrastructure assets - at least 60% of which are roads - and the actual maintenance performed.

Proper asset management has been identified as the biggest challenge now facing local government, and finding the funds to cover ongoing infrastructure maintenance costs will become a core priority of future council budgets.

Mr Santin estimated signficant costs have built up from this not being addressed over time.

"Our assessment of the situation is that it's a situation which LCC cannot adequately address by itself - the amount required … certainly is in the tens of millions of dollars," said Mr Santin.

Council will now look to the results of the Imagine Lismore project to ensure its ongoing expenditures are in line with community expectations of council, and look for areas where it can potentially save.

"It comes back to service levels - if people say the current service levels are satisfactory, then the reality is, that backlog disappears."

"It's a harsh reality, but in order to balance the books Council will have to make some hard decisions."

Topics:  audit lismore city council



How to do Eat Street the right way

EVERYTHING you need to know to get the most out of your Eat Street experience and to avoid a food coma when you’re only one stall deep.

Don’t go chasing waterfalls…find them on these drives!

The Scenic Rim is just one place nearby that you'll love.

BRISBANE isn’t all bright lights and city slickers.

Science Festival seriously awesome

Don't miss the World Science Festival Brisbane!

CALLING everyone who wants to see something totally cool.

Drink where the cool kids do this summer

There are a bunch of new bars open in Brisbane, make sure you're there!

CHECK out these new funky bars.

Discover Brisbane’s laneway gems

Brisbane's laneways will surprise you.

NOT all of Brisbane City is as it seems…

Top five things to experience this summer in Brisbane

Tangalooma is amazing if you're keen for a dive, kayak or swim.

THIS summer get out and explore your capital city.

Your boots are made for walking these tours

Brisbane Greeters tours are a great way to learn the local history of the city.

YOU don’t need a bike or bus for a seriously good tour of Brisbane.

Prime Tweed site sells at auction

SOLD: The old Rivers commercial retail building at 79-81 Wharf St sold at auction for $2.475 million recently.

Tweed development site sold at auction for $2.475 million

The magnificence of Fingal's sunrise

SPECTACULAR: The sun rising over Fingal Head Lighthouse.

Behind the Lens: sunrise at Fingal Head lighthouse

Local Partners

Convoy to go ahead amid protests by conservationists

POTTSVILLE residents will push ahead with their plan to stage a community march in support of a Men's Shed


REVIEW: Under the Gun doco looks at right to bear arms

ARMED: A still from the 2016 documentary film Under the Gun by Stephanie Soechtig.

An in-depth look into America's gun culture.

Messing with your head

MIND BLOWN: What could be weirder than the realisation that we have another completely separate brain and nervous system than the one originating in our heads?

Fascinating connection between your gut and your brain

Neil Finn to headline Bluesfest

Neil Finn, of Crowded House fame, will play in Byron Bay with his wife Sharon and their band The Pyjama Club on June 11.

DON'T dream, it's not over, Neil Finn to hit the stage

Buderim dad rejects gay son's emotional plea for second time

Bride and Prejudice: Son’s emotional plea rejected again by unmoved father

What's on the big screen this week

Ewan McGregor and Jonny Lee Miller in a scene from the movie T2: Trainspotting.

This week's new releases offer plenty of variety for movie buffs.

REVIEW: Under the Gun doco looks at right to bear arms

ARMED: A still from the 2016 documentary film Under the Gun by Stephanie Soechtig.

An in-depth look into America's gun culture.

Hodges proud to be part of first channel dedicated to NRL

Justin Hodges is gearing up for his new gig on Fox League.

Footy star hopes to provide a voice for players on new NRL channel

Furious Price wants to quit I'm a Celeb after clash with Keira

Steve Price has threatened to quit the jungle.

Will camp ration clash with Keira cause Steve to call it quits?

Novel with lots of heart

The romance in A Quiet Kind of Thunder was only one of the joys of the book.

Book proves to be a gem with layers

New festival joins Quiksilver Pro party

Australian rockers the Rubens will headline the inaugural Cooly Beachfest at Queen Elizabeth Park, Coolangatta on March 18

Cooly Beachfest 2017 officially takes off

Prime Tweed site sells at auction

SOLD: The old Rivers commercial retail building at 79-81 Wharf St sold at auction for $2.475 million recently.

Tweed development site sold at auction for $2.475 million

$140k damage: landlord says property trashed, contaminated

He had what he calls "the tenants from hell"

Top 6 infrastructure projects in the Tweed for 2017

The Gold Coast Airport is getting an upgrade.

Find out what's going in the Tweed.

Submarine, buses and 3000 tyres removed in $100K clean up

The list of things removed from this property is beyond astonishing

Waterfront luxury in Tweed

14 The Mainbrace, Tweed Heads

Check out house of the week.

Ready to SELL your property?

Post Your Ad Here!