Council triples surplus
RICHMOND Valley Council has achieved a $1.7 million surplus in the final quarter of the 2012/13 financial year, more than three times its prediction of $415,000.
Much of the surplus has since been injected into five project funds, including $300,000 for the Evans Head Memorial Aerodrome and $250,000 for town entry signs.
Taking those extra expenditures items into result, Council's official surplus documented at last week's council meeting was just over $600,000.
Richmond Valley Shire general manager John Walker attributed $1.4 million of the savings to redundancies in office staff, to create a "leaner management structure".
He said Councils' employment priorities needed to refocus on operational staff and flagged a recruitment drive of outdoor positions with the goal of shifting outsourced projects contracts "in-house".
Richmond Valley Council has also achieved a surplus in its cash bal- ances, from a predicted $8 million deficit to a $460,000 surplus, although much of this was due to a $5 million reduction in capital works.
Council is now planning a full reassessment of its capital works program as part of its upcoming quarterly budget review.
With the $5 million in works now being carried forward to 2013/14, it is understood some projects will be postponed for future years so there is no change to the overall budget position.