The 2015/16 financial year saw Council achieve another unqualified audit opinion (4th unqualified audit consecutively). Council has for the first time met all 3 measures of financial sustainability. It was a great achievement for Council to finally achieve the operating surplus ratio for the first time ever.
Sound financial practices underpin the foundations of the way Council conducts business. Council manages its financial affairs in accordance with the Local Government Act 2009 (Qld) and the Regulations made under that Act. Council will maintain a capability to perform all necessary functions to properly collect funds owed to it, to pay monies owed to employees and suppliers and to maintain proper accounting records of all financial transactions undertaken by Council.
Council prepares its annual financial statements in accordance with statutory requirements and to a standard that meets requirements for Council to receive an unqualified audit report at the end of the financial year.
Councillors do not have any discretionary funds at their disposal.