Coun­cil counts the cost of TC Deb­bie

Whitsunday Times - - NEWS - Sharon Small­wood sharon.small­wood@ whit­sun­day­times.com.au

THE Air­lie Beach Lagoon is ex­pected to cost about $400,000 to fix and it’s money the local coun­cil hasn’t bud­geted for.

In fact how much Cy­clone Deb­bie was go­ing to cost, how much would be cov­ered by in­surance and Na­tional Dis­as­ter Re­lief and Re­cov­ery Ar­range­ments pay­outs and what the short­falls would be was a topic for de­lib­er­a­tion at coun­cil’s reg­u­lar meet­ing last week.

Chief Fi­nan­cial Of­fi­cer Matthew McGoldrick ex­plained “some of our as­sets are not go­ing to get cov­ered… so coun­cil needs some funds from some­where”.

Mr McGoldrick’s an­swer was to cre­ate a cap­i­tal works restoration re­serve com­pris­ing $5 mil­lion from rev­enue pre­vi­ously set aside for cap­i­tal works in the 2016/17 bud­get, op­er­a­tional sav­ings of $1.3 mil­lion and $3.9 mil­lion trans­ferred from “other re­serves”.

He ex­plained that with­out these types of funds at their dis­posal there were cur­rently ur­gent projects

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