The Council’s Annual Report 2011-12 was received by councillors last week.
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Financial Position |
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Assets |
$1.31B |
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Liabilities |
$3.37M |
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Net debt |
$7.9M |
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Financial Performance |
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Income |
$5.1M+ |
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Expenditure |
$1.6M+ |
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Operational Performance |
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80% of performances targets achieved or extremely close to being achieved. |
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Resident Satisfaction Level |
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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.