Friday, June 18, 2021

The freedom of the press still furnishes that check upon government which no constitution has ever been able to provide – Chicago Tribune.

Tags Review of Councils' Financial Sustainability

Tag: Review of Councils' Financial Sustainability

Doing a better job of managing a shoe-string budget

MacDonnell Shire has already started work on responding to the recently released Review of Councils' Financial Sustainability.

A financial audit committee has been established, says CEO Diane Hood (pictured left), to sort out the weaknesses in the council's financial management. The committee is meeting monthly, looking at how their income and expenditure statements are stacking up against the budget, and at their cash flow position.

If a service has been started, yet the grant funding for it has not been received, council can respond in a timely fashion, ie remind the funding body that it needs to pay up!

Ms Hood says two things in particular have contributed to the inconsistencies in council's financial records pointed out by the review. One is that the shires are only four years old and the "clean-up" of the transfer of assets from the old community councils has still not been finalised. Another is that council was not doing a good job in allocating costs to the specific service delivered. Doing this properly allows managers to see that one service is not "cross-subsidising" another, to set priorities and to be sure they are not over-spending. KIERAN FINNANE reports.

- Advertisment -

Most Read

SA motor sport mates rally around driver in Finke fatal

By OSCAR PERRI The shocking death of a spectator at Tatts Finke Desert race last weekend has seen heartfelt sorrow from the off-road racing fraternity...

Slow bureaucracy denies seniors $500 recognition

By ERWIN CHLANDA Applicants under the NT Government's $500 a year NT Seniors Recognition scheme need to cope with conditions that are arbitrary and unnecessarily...

A letter, a house and the gallery

By ERWIN CHLANDA The chairman of the Alice Springs native title organisation Lhere Artepe (LA), Shane Lindner, is playing a role in events referred to...

Visa right step to deal with farm labour shortage

LETTER TO THE EDITOR NT Farmers Association welcomes the government’s commitment to introduce an agricultural visa which will allow people from ASEAN countries to work...