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.
The 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.