Council?s clean bill of health
By SALLY GORDON
CLARENCE Valley Council's budget is in a healthy state.
Councillors were given the good news at an extraordinary meeting yesterday.
North Coast accounting practice WHK Rutherfords yesterday handed down council's end of financial year 2004/05 audited results.
WHK Rutherfords principal Andrew Hayes said the council was financially sound and comparable to councils of similar size.
"Most of the key performance indicators show that council is comparable with both regional councils and state averages," Mr Hayes said.
"Collectively, all those financial indicators together, with the level of available cash, would indicate council is in a sound position."
Council's financial position was analysed across a number of categories, including the organisation's working fund.
"The working fund funds the day-to-day operations of council and is used for any emergencies ... we're running a council here that spends in excess of $1 million a week so you need a reasonable level of working funds to operate the council efficiently," Mr Hayes said.
Council director of corporate services Ross Bryant said council's sound financial position was a strong platform for future budgets.
"I believe the position the council is in at the moment is a very good basis on which to go forward," he said.
"The development of the budget for 06/07 is progressing and has to be dealt with on it mer- its."