THE latest City of Rockingham Budget from September was carried by absolute majority by Council at its October meeting.
The City of Rockingham has three reviews a year to check its performance against the annual budget.
Variations from the budget are reported to the council for review.
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READ NOWThe September 2017 Budget Review includes details of transactions during the July 2017- September 2017 period and adjustments required to the annual budget.
The City’s financial services department found the City had a closing surplus of $193,344.
But financial services manager Vanisha Govender noted in her report to Council that the figure was subject to change: “However this is subject to changes required to the opening surplus as a result of the annual audit process, which is in the process of being finalised.”
A financial audit for the City is currently under way.
Major changes requested for the September review included the opening balance, expected to be $39.42 million.
The opening balance includes $21.7 million for carried forward funds from the previous financial year due to works in progress, along with $5.3 million for restricted grants and $3.2 million restricted funds for Bert England Lodge.
The review also found that operating expenditure was up by $1.6 million, whereas revenue was down by $1.7 million.
The main driver behind operating expenditure was kerbing, drainage and paving.
The full September 2017 Budget Review is available at the City of Rockingham’s website or at the administration building.
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