Coun­cil­lors give tick to bud­get re­view

Southern Telegraph - - News -

The Oc­to­ber, 2018 Bud­get Re­view was adopted by the City of Rock­ing­ham coun­cil last Tues­day, with the re­view high­light­ing how op­er­at­ing ex­pen­di­ture and op­er­at­ing rev­enue had de­creased by $1.87 mil­lion and $2.84 mil­lion, re­spec­tively.

Ac­cord­ing to the re­view, the de­cline in op­er­at­ing rev­enue was be­cause of pre­pay­ment of the Fi­nan­cial As­sis­tance Grants 2018/19 grant in­come of $2.43 mil­lion, which was paid in ad­vance in June.

Op­er­at­ing ex­pen­di­ture de­creased, mainly be­cause of re­duc­tion in the govern­ment refuse dis­posal levy be­cause of low an­tic­i­pated ton­nage at land­fill.

Mean­while, non-op­er­at­ing ex­pen­di­ture and non­op­er­at­ing rev­enue has in­creased by $4.02 mil­lion and $292,000 re­spec­tively.

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