WHITSUNDAY Regional Council is belatedly now publishing the March Qld treasury advice, have shown numbers that are again totally inconsistent with the latest financials. Rather than be concerned about trashing local reputations (that's already happened!), this should have been released at that time.
Whilst an incomplete (and incorrect) financial forecast is again clearly in evidence to make conclusions of the sort made, we now find that overspends had occurred with water and sewerage plants of ~&10m more. These have never been disclosed over the last months and the concern is with the recent loss of now new executives, the overspend may have gone further pear shaped, like the financial reports.
Furthermore this confidential report now reveals the 2012 NDRRA program had already been curtailed from $85 to $48m (loss of $38m of available grants), and by deduction, a December 2012 prepayment of ~$18m had also been added to the June 2012 $30m.
Both these missing "financial pearls" explains a lot of the gaps in the gyrating Monthly reports. As I remarked in my discussions with the CEO and Councillor Wilcox on Friday, less confidentiality and more accurate monthly financial reports to the public, will go a long way to correcting the WRC credibility gap.
Consequently I gave Scott 16 draft questions with the supporting evidence (which Scott has now copied to all Councillors), and recommendations to consider.
Past poor decisions, letting go key financial and engineering expertise during the middle of a $200-$300m capital works program (that the community asked for), cannot be undone.
But actions by WRC now, can still arrest what is clearly approaching more than double the overspend of the $21m disclosed in March and causing the emotion we saw last week.
It is now in the hands of WRC, to stop my letters! John W Barnes BOWEN