Budget 2017-18

At a Council Meeting on Tuesday 27 June 2017, Indigo Shire Council adopted the Budget for the 2017-18 financial year.

Budget 2017-18

The adoption of Council’s Budget for 2017-18 sets in place the framework to deliver the key projects and initiatives contained within the Council Plan.

In summary, the 2017-18 Budget details:

  • Total income of $30.249 million
  • Rates increasing by 2% to a total of $15.540 million
  • Total expenses of $30.069 million
  • Total capital works of $8.22 million
  • Cash at the end of 2017-18 of $3.077 million
  • No new borrowings
  • Total borrowings at the end of 2017-18 of $2.994 million (down from $3.518 million in 2016-17)

Councillors’ set parameters for the 2017-18 Budget of:

  • Operating expenses increase to be maintained below the Ministers capped rate
  • Service levels are to be maintained at 2016-17 levels
  • New borrowings only considered for long-term infrastructure projects
  • Maintenance of Council’s funding levels for the Capital Works Program
  • Cash to be retained at the current or higher level

Projects to be completed in the next financial year include:

  • The commencement of a 2-year project to build the Beechworth to Yackandandah and Osbornes Flat rail trail. This is a $6 million component of the North East Victorian Cycle Optimisation Project, an important priority of the Ovens-Murray Regional Partnership that comprises Indigo Shire and six other regional Councils. This project will provide increased visitation and economic growth for Indigo Shire, and is joint-funded by the State Government as part of their recent $12 million announcement, with a $1 million contribution from Indigo Shire over two years.
  • Funding continues in this budget for the $1.84 million Rutherglen Economic Revitalisation Project, following a successful application for $900,000 in the Federal Government’s National Stronger Regions Fund.
  • Wahgunyah to Lake Moodemere trail construction - $200,000
  • Solar facilities at Yackandandah and Beechworth pools - $100,000
  • Yackandandah skate park - $255,000
  • Gravel road resheeting program across the shire - $600,000
  • Drainage improvements in Chiltern (Brown St, Oxford St, Martin Park) - $180,000
  • Reconstruction of Huon-Kiewa Road - $74,000
  • Various building work involving:
    • External painting of Wooragee Hall - $9,000
    • Ceiling and cenotaph improvements at Tangambalanga Coulston Park Football Club Rooms/ Hall - $33,000
    • Re-roofing the Rutherglen Youth Centre and Community Radio Room - $40,000
    • Improved disability access, toilet facilities, car park at Beechworth Senior Citizens clubrooms - $35,000
    • Damp proofing, façade painting, sliding door access to Beechworth old Council Chambers, hall complex - $140,000
  • Barnawartha Stanley St footpath at school crossing - $40,000
  • Upriver Rd/Gooramadda Rd safety improvements - $74,000
  • Sealed road extension to Palmerston St, Barnawartha - $38,000

The budget recognises Council’s strong application to the Federal Government’s Building Better Regions Fund for continuation of the Chiltern Place Making project. This project includes a number of important elements to support the growth of Chiltern;

  • Town centre activation including Martins Lane
  • Enhanced town entry
  • Children’s Hub
  • Industrial estate

These project will rely on funding commitments from the Federal and State Governments in addition to Council funds. Advocacy continues on this important project and we hope to hear a positive funding result in the near future.

Copies of the adopted Budget are available for inspection at Council's Service Centres at Beechworth, Chiltern, Rutherglen and Yackandandah during office hours.

For further information on the Budget contact Indigo Shire Council on 03 5728 8000 or 1300 365 003.

 Downloads

2017-18 Adopted Budget PDF Version (1.57MB PDF 90 A4 pages)

5 Year Capital Works Program (34KB PDF 2 A3 pages)

 

Budget_Income_2017-18.png

Above: 2017-18 Budget Income is $30.249 million, with the above chart identifying the allocation of income across the various operating income categories.

 Budgeted_Expenses_2017-18.png

Above: 2017-18 Budget Expense is $30.069 million, with the above chart identifying the allocation of expense across the various operating expenditure categories.  

Last updated: 30 June 2017