Better business reduces budget deficit
24 May 2013
Next Tuesday 28 May Council will receive the quarterly performance report which measures how the yearly budget is travelling against forecast figures and this quarter sees a $393,000 improvement which will reduce the projected deficit for the 2012/2013 financial year.
Whilst this is not a material improvement it means Council has been able to reduce the deficit. Council has to undertake significant reform if it is to get back into surplus. This has been proposed in the 2013-2017 draft Delivery Plan which outlines the necessary initiatives which include budget cuts. The draft Plan is currently on public exhibition and will go to Council on the 18 June 2013.
City Assets Director and Chief Financial Officer STEVE EDMONDS says improving return from commercial businesses is just one strategy essential to securing Council’s long term financial position.
Additional strategies implemented in September last year are making an impact with almost $230,000 in improved recovery strategies and higher investment returns. These better than anticipated results have been marginally offset by a slow down in income from development assessments and lower than anticipated income from swimming pools.
The strategies include an increased focus on sales of redundant or underutilised assets and Council will also consider two reports at Tuesday’s meeting aimed decreasing asset holdings.
“Council officers are recommending the demolition and sale of the former TPI House at 231 King Street, Newcastle as well as the sale of two vacant lots of operational land, 29 and 31 Laman Street, Newcastle.”
“The land in Laman Street was purchased in the ‘70s for possible road extensions, however these plans have not come to fruition so there is no need to continue holding the land.”
“Across Civic Park on the corner of Auckland and King Streets is TPI House which has termite damage and is no longer safe for occupation. The proposal for the site is to demolish the building and amend the land boundary to allow for future road widening or extension of the width of the pathway.”
Council will consider these items at the Ordinary Council Meeting on Tuesday 28 May at 5.30pm. Meetings are held in the Council Chamber, 2nd floor, Newcastle City Hall.
Read the meeting agenda for Tuesday 28 May.
- The Power and The Passion - 24 May 2013
On Saturday, 25 May the Civic Theatre will be transported to another time when the James Valentine Quartet presents The Power and The Passion a collection of instrumental versions of classic Australian pub rock songs.
- Newcastle in 90 seconds - 24 May 2013
Do you think you can capture everything that makes Newcastle Newcastle, in a 90 second short film? Then grab you camera and start filming.
- Sea creatures of the Anthropocene at Museum - 22 May 2013
Fascinating sea creatures made by Museum visitors out of colourful pieces of marine debris are now on display at Newcastle Museum.
- Council update 21 May - 21 May 2013
Following is a summary of the Council meeting of 21 May 2013. Note: It is not a record of resolutions.
- Newcastle Steering Group established for AFC Asian Cup - 20 May 2013
AFC Asian Cup Australia 2015 and The City of Newcastle have established a Newcastle Steering Group to drive activities in the city in the lead-up to the international event.
- Newcastle joins world library - 17 May 2013
Fifty books from Newcastle libraries are ready to join the world library and we need volunteers to take them on holidays…and leave them behind.
- Night time economy for discussion - 13 May 2013
How we live, work and play during the night time is the focus of a new discussion paper released today, Monday 13 May, on Newcastle’s night time economy.
- The Force: 150 Years of NSW Police - 09 May 2013
From bobbies to blue heelers: new exhibition uncovers the little-known stories behind the Force,
- Newcastle 2036, forecast data now available - 09 May 2013
Want to know what Newcastle people will be doing 20 years from now? Find out with the click of a button with new population forecasting data, forecast.id, now available on The City of Newcastle’s website.
- Lower Hunter discussion paper - 03 May 2013
Minister for Planning and Infrastructure, Brad Hazzard has extended the consultation period for the Lower Hunter discussion paper until 31 May 2013.
- Service in the spotlight at City Expo - 02 May 2013
Community, councillors and council staff will come together on Saturday 11 May for the City Expo being held at Newcastle Museum from 10.30am to 1.30pm.
- World War Two Battle of the Coral Sea commemoration - 02 May 2013
The contribution of an RAAF Catalina flying boat to the World War II Battle of the Coral Sea will be the focus of this year’s commemoration service being held at 11am this Sunday, 5 May, at the Cenotaph in Civic Park.
- Draft budget ready for comment - 30 Apr 2013
The City of Newcastle has tonight, Tuesday 30 April, agreed to place the draft delivery plan and budget for the next 12 months on public exhibition for feedback from the community.
- Council update - 30 April - 30 Apr 2013
Following is a summary of the Council meeting of 18 April 2013. Note: It is not a record of resolutions.
- A Knight's Tale - 29 Apr 2013
Newcastle Knights player Korbin Sims will tantalise tiny tots with tales of adventure and action at Newcastle Museum’s Tuesday Tales book reading on Tuesday 30 April.
- Budget blueprint to be debated - 26 Apr 2013
There are few surprises in The City of Newcastle’s blueprint for the next financial year with the recently adopted principles providing the groundwork for a responsible budget and works program for the next 12 months.
- Volunteers to repair tree vandalism - 25 Apr 2013
A volunteer planting day at Blamey Avenue Park this Friday 26 April will be a positive end to what started as a low act of environmental vandalism at the front door of our most popular bushland area, Blackbutt Reserve.
- Museum Field of Remembrance swells with community support - 22 Apr 2013
Over 750 crosses marked with the names of service men and women, along with around 1000 red poppies, will carpet Newcastle Museum’s lawn in a Field of Remembrance this ANZAC Day.
- Fresh façades for city centre - 22 Apr 2013
Hunter Street is set for a facelift thanks to an innovative new grants program jointly funded by The City of Newcastle and Newcastle Now.
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