Noosa gets the thumbs up from state’s auditors

Published:

Noosa Council has received another clean bill of health from the State’s auditors.

The Queensland Audit Office has advised it will issue Council an unmodified audit opinion.

Mayor Tony Wellington said the tick of approval shows council’s ongoing commitment to prudent financial management.

“This is yet more tangible evidence of a well-managed, financially sound council that is keeping rate rises low while providing appropriate levels of service to our community,” he said.

“There are always a number of council detractors that falsely suggest we are in financial trouble. However, we have not delivered a financial deficit since de-amalgamation, our cash and cash equivalents remain higher than our total debt and we have even managed to pay down $10 million from our inherited high interest rate loans.” Cr Wellington said.

The report identified Council had a strong capital structure and was in a good position to obtain funding for future capital projects. Council’s average asset sustainability ratio was within the range set by the Queensland Audit Office.

Director of Corporate Services Michael Shave said the audit result was a testament to the commitment of council staff.

“We are continuing to deliver key projects for the community through a balanced, responsible approach,” he said.

“The QAO declared our financial sustainability assessment as low risk, which is a sound result and a significant achievement for council,” he said.

Cr Wellington said good financial governance remains a top priority.

“We want our future generations to enjoy the benefits of a strong, sustainable Noosa and this audit review shows we are in an excellent financial position to deliver that result.”

 
Community Money & Finance Noosa Council Political
Social:   

Noosa Council : View Full Profile
9 Pelican Street, Tewantin
07 5329 6500
Noosa Council
Showing 10+ recent articles for this business
Independent review gives oyster restoration project a tick of approval 25 September 2020 | An independent scientific review has given Council’s oyster ecosystem restoration project a thumbs-up, suggesting only minor improvements to monitoring and evaluation methods. More information...
Last chance to help guide Budget review 22 September 2020 | THERE'S still time to take a quick survey to help shape council's budget review during the current COVID-19 pandemic. More information...
Extra temporary parking to boost holiday trade 17 September 2020 | Council will offer paid parking at Noosa Heads Lions Park from September 19 to October 5 for the September school holidays. More information...
Landmark conservation project on track 17 September 2020 | The Yurol-Ringtail Conservation Project is on track to become one of Noosa’s most significant environmental initiatives. More information...
Traffic flows over Orealla Cres Bridge 14 September 2020 | Orealla Crescent Bridge on David Low Way has re-opened to traffic. More information...
Have a say on Budget spending and services 03 September 2020 | RESIDENTS are being asked to help shape the current budget funding priorities and how they want to be consulted on future budgets. More information...
Community event to commemorate Peregian bushfires anniversary 01 September 2020 | One year on from the Peregian bushfires, residents are invited to a community event on Saturday 12 September at Peregian Beach Community House to come together and reflect on the past 12 months. More information...
Green light for Shire Business Centre development 01 September 2020 | Noosa Council has reached an agreement with Stockwell Developments to enable the first step of the Shire Business Centre to proceed. More information...
Events capped to reduce risk of Noosa COVID-19 outbreak 31 August 2020 | A cap of 500 people will apply to major events held on public land in Noosa, at least until February, as Council looks to protect the community from COVID-19 outbreaks. More information...
Council to consider approach to large events amid COVID-19 pandemic 26 August 2020 | Council will meet on Monday to consider how best to balance requests for large events while keeping the community safe from COVID-19. More information...


comments powered by Disqus

All articles submitted by third parties or written by My Sunshine Coast come under our Disclaimer / Terms of Service