Baw Baw's mid-year budget review endorsed
Baw Baw News By William PJ Kulich // 14:06, Tuesday 24 March 2015
BAW Baw’s finances are in good shape, according to the mid-year budget review 2014/15 endorsed by councillors at their 10 March meeting.
First published in the 13 March edition of the Warragul & Baw Baw Citizen.
A report to councillors, who noted the review at this week’s council meeting, said the budget surplus had seen a $1.507 million increase when compared to the adopted budget.
The year-end forecast for 2014/15 “is expected to result in a surplus of $23.034 million.”
But the figures aren’t as simple as that, according to Warragul ward councillor Joe Gauci.
“It looks like we’re miles in front, but there’s a lot of carry-over,” he said.
“We’re fairly well on track.”
Cr Gauci said the review had been through the council’s external audit committee.
“They’re very happy with how the council’s carrying on,” he said.
He noted there were many budget reviews throughout the year, and the mid-year review was “basically a snapshot in time, as of the 31 December.”
“We’re basically right on track as to where we should be,” he said.
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