In last week’s South Gippsland Sentinel-Times, Cr Les Larke, Bunurong Ward stated “It has become apparent since the new council assumed office, that council has incurred operating deficits as follows:
• Year ended June 30 2015 $1.98 million
• Year ended June 30 2016 $5.29 million
• Year ended June 30 2017 also projected to be in deficit.”
Mr Larke does not state where these numbers come from!
The Audited Financial Statements from the Bass Coast Shire Council tells us that:
• For the year ending June 30 2014 a surplus of $2.389 million
• For the year ending June 30 2015 a surplus of $6.793 million
• For the year ending June 30 2016 a deficit of $1.225 million
These are huge discrepancies that Mr Larke needs to explain why and if he can’t explain he should resign from the council.
The people of Bass Coast deserve better that this!
At June 30, 2016 the Bass Coast had a cash and cash equivalents of $26.342 million, 2015 $24.320 million and 2014 $17.076 million.
At June 30, 2016, Bass Coast had equity of $576,795 million, 2015 $577,881 million and 2014 $530,525 million.
Anybody to suggest that the Bass Coast is in financial difficulty is just plain wrong.
I have suggested that the councillors call for a 12 month rolling cash flow forecast that reveals monthly income and expenses and forecast monthly closing cash and cash equivalent balance. I have also suggested that the councillors call for the Council’s borrowing capacity.
The Bass Coast needs to grow because if you don’t grow you wither and die.
Think the City of Bass Coast and how we are going to get there.
Frank W Schooneveldt, Wonthaggi.