The Council’s Annual Report 2011-12 was received by councillors last week.
|
Financial Position |
|
|
Assets |
$1.31B |
|
Liabilities |
$3.37M |
|
Net debt |
$7.9M |
|
Financial Performance |
|
|
Income |
$5.1M+ |
|
Expenditure |
$1.6M+ |
|
Operational Performance |
|
80% of performances targets achieved or extremely close to being achieved. |
|
Resident Satisfaction Level |
|
74% satisfied with service and performance of Council. |
“We’ve taken a very careful approach, conscious of the economic downturn, and while some progress on some projects has been slower than originally expected, the Council is in a very good position to face the financial challenges of the next 12 months,” says Mayor Alistair Sowman.