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Mid-year review demonstrates sound financial positionLatrobe City Council approved the 2005/06 mid-year budget review at its council meeting on Monday evening, with council reinforcing its initial budget with minor amendments. By Latrobe City Council - 23rd February 2006 - Back to News Latrobe City’s chief executive officer, Paul Buckley, said the review clearly demonstrated council's strong financial position, due to prudent financial management.
"The key financial indicators and ratios continue to be well within government guidelines and there have been no significant variances experienced in the first half of 2005/06," Mr Buckley said.
"The sound financial position has resulted in council being able to allocate some additional finances, such as to enable additional car parking, landscaping and safety works at the Traralgon Sports Stadium, the access for all abilities toilets at Moe Apex Park, and an upgrade to the Ted Summerton Reserve in Moe where additional lighting will be installed.
"The organisation has tracked extremely well during the financial year to date. Everything is on course for council to meet its projected financial goals.
"The sound financial position of council will provide a strong foundation for council to continue to contribute to the vision of Latrobe City and the community," Mr Buckley added.
Source: www.gippsland.com Published by: news@gippsland.com
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