Ballina cash reserve concerns
BALLINA Shire Council says its general fund is "vulnerable" and that it will have less cash and be forced to rely on more loans into the future.
The council is currently preparing its budget for the next financial year and has acknowledged that the state of the general fund would be an "issue" in the next few years.
"Cash reserves have reduced, borrowings are on the rise and the operating result is forecast to trend further negative in 2011/12," a finance committee report states.
Meanwhile rates are due to increase by 5.7% in the next financial year.
An increase of 6% has already been approved for the 2013/14 year.