Moira Shire Council has recorded a budget deficit of $4.8 million for the past financial year.
On Thursday, October 10, Moira Shire Council administrators passed a motion to certify the council’s 2023-24 financial report and performance statement for the financial year ending June 30, 2024.
Put forward by Administrator Suzanna Sheed, the motion was seconded by Chair Administrator Graeme Emonson.
Dr Emonson said the council had a financial challenge that needed to be addressed to position it favourably by 2027-28.
“As I said, the accounts do foreshadow that we do have ongoing financial pressures. I’m really pleased the organisation has embraced the strategy to place us into a financially sustainable position over the next four years,” he said.
“While we are seeing an underspend on our major projects this current year, we are certainly expecting that with the new arrangements and new directions from project management, we will see a catch-up on the capital expenditure in 2024-25.
Moira Shire Council manager of finance Beau Mittner said the shortfall was due to timing differences in the receipt of the Commonwealth Government’s Financial Assistance Grant, which was not received until July this year.
Mr Mittner also said there had been delays in obtaining funding approval for externally funded flood recovery works, including those related to the delayed work on Stage 1 of the Numurkah Flood Mitigation Project.
Grand opening
The Cricketers Family Hotel’s official grand reopening celebration is being held on Saturday, November 2.
The new owners took over earlier this year and the pub has been open since July, but with the bistro now in full swing the time is right to mark the occasion with a ‘Party at the Pub’.
See the full details on the hotel’s social media pages.