AHEAD OF BUD­GET

Port Douglas & Mossman Gazette - - NEWS -

The lat­est Fi­nan­cial Re­port shows Coun­cil’s 2015/16 Bud­get re­mains on track to out­per­form fore­cast pro­jec­tions, ac­cord­ing to the DSC chief ex­ec­u­tive’s re­port tabled at this week’s meet­ing. Oper­at­ing rev­enue for the pe­riod ended 29 Fe­bru­ary 2016 de­tails oper­at­ing rev­enue cur­rently ex­ceed­ing bud­get ex­pec­ta­tions by $651,000. Oper­at­ing ex­pen­di­ture is well un­der bud­get and the oper­at­ing sur­plus is cur­rently $7.6 mil­lion com­pared to a bud­geted sur­plus of $4.8 mil­lion. Most cat­e­gories of year-to-date oper­at­ing rev­enue are ahead of bud­get, with net rates and util­ity charges $137,000 ahead, mostly due to greater than an­tic­i­pated rev­enue as a re­sult of growth. Fees and charges are $379,000 ahead of bud­get, due to ferry fares ($203,000), build­ing and prop­erty-re­lated fees ($71,000) and li­cences and other fees ($105,000).

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