News

Number crunching for the CHRC

The Central Highlands Regional Council will review its expenses to get the council budget back to surplus.
The Central Highlands Regional Council will review its expenses to get the council budget back to surplus. Jay Cronan

THE Central Highlands Council is confident it can bounce back in to the black from a $16 million deficit by the end of June.

Financial services manager Adam Scott defended the council's overall position as "very safe" as new councillor, Emerald accountant Peter Maundrell, called for full transparency of all the council's fiscal dealings to be disclosed in future department reports.

"We need to know what makes up the nuts and bolts of any financial statements before we can make informed decisions," Cr Maundrell said.

"Forgive me for being a green councillor but we need more detailed analysis."

Cr Maundrell highlighted the council carrying an $8m debt on Shepton Quarry as the reason for wanting to see a profit-and-loss breakdown and analysis of all business units, as well as a list and depreciation breakdown of all council assets.

He asked to see a list of council-employed contractors to see "what… and how much was spent".

Councillor Paul Bell said local government traditionally had a "soft hand" when it came to its business dealings as opposed to operating in "snappy commercial" mode.

Mr Scott said the deficit reflected the difference between expenditure on flood-related road works and the return of revenue from the Queensland Reconstruction Authority.

Payments of $5.4m in May and $28.4m in June are expected from the QRA.

The total cost of the 2010/11 flood event is now $103m, with about $40mi spent on contract labour.

"A deficit of $16m, which is much improved from previous months, will decrease as we start to collect that Queensland Reconstruction Authority funding," Mr Scott said.

With total assets now topping the $1 billion mark, the council had a high level of liquidity in its financial position.

"Council is well able to service its current trade debts as and when they fall due seven times, reflecting that council's overall position is healthy," Mr Scott said.

Cr Maundrell's requests at the first official meeting of the new-look council elicited this response from Mayor Peter Maguire:

"You're at a bit of an advantage to us mere mortals - that's why we've got an audit committee and you're on it."

At its next meeting, councillors will have to decide if they approve borrowings to fund a new $30million water treatment plant on Emerald's southside, to deal with the population surge.


Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Prepare now for flying fox migration

Little red flying foxes naturally migrate through Isaac from August to January and are known to establish temporary camps.

Take the time now to prepare for flying fox migration.

Melting pot of cultural styles

ENJOY: The Multicultural Festival promises  fine food and performances.

Multicultural festival promises a feast for the senses.

New aquatic centre taking shape

SPLASHING OUT: Central Highlands Mayor Kerry Hayes, CEO Scott Mason, Deputy Mayor Gail Godwin-Smith and councillor Charlie Brimblecombe inspect the rammed earth walls at the Blackwater Aquatic Centre site.

Construction on the Blackwater Aquatic Centre is progressing well.

Latest deals and offers

Court to decide on Carmichael mine challenge

A LEGAL challenge to the proposed Carmichael coal mine will be delivered in the Federal Court today.

Forensic teams investigate serious Cap Hwy crash

One of the vehicles involved in a two-car crash on the Capricorn Hwy about 4.30am today.

UPDATE 2.35PM: Serious-crash patients to be treated at Rockhampton

Prepare now for flying fox migration

Little red flying foxes naturally migrate through Isaac from August to January and are known to establish temporary camps.

Take the time now to prepare for flying fox migration.

Melting pot of cultural styles

ENJOY: The Multicultural Festival promises  fine food and performances.

Multicultural festival promises a feast for the senses.

UPDATE: Man charged with endangering children in Gympie

The man and two children were travelling in this vehicle.

The two children were missing from Emerald

New aquatic centre taking shape

SPLASHING OUT: Central Highlands Mayor Kerry Hayes, CEO Scott Mason, Deputy Mayor Gail Godwin-Smith and councillor Charlie Brimblecombe inspect the rammed earth walls at the Blackwater Aquatic Centre site.

Construction on the Blackwater Aquatic Centre is progressing well.

Die-hard fan's 34 magic Gympie Muster years

STICK AROUND FOR A BEER: Mal Williams has been at every Gympie Muster for 34 years.

Mal Williams has only missed one Muster in 35 years - the first one

Diva's sister on soliciting charge

FILE - In this May 14, 2016 file photo, Mariah Carey attends the 27th Annual GLAAD Media Awards, in New York. Carey will appear on the Oct. 5 episode of the Fox series, \"Empire,\" the network confirmed Monday at a TV critics bi-annual press tour. (Photo by Charles Sykes/Invision/AP, File)

Mariah Carey's sister has been arrested on charges of prostitution.

Tom Cruise private jets his gym kit around the world

Tom Cruise

Tom Cruise charters private to take his gym kit around the world

Movie behind Depp and Heard split to be released

Soon you'll be able to see the movie that ended the marriage

Bindi's boyfriend helps release huge croc

Chandler (far right) helped the jump team.

Chandler Powell helps catch Duncan the croc

Mick Jagger to pay £2.5m to the woman carrying his baby

Mick Jagger is reportedly paying millions to pregnant ballerina

Navy man Keller ready to marry a perfect stranger

Former Navy engineer Keller is a participant in season three of Married At First Sight.

Tattoos are just the surface of Married At First Sight groom.

REVEALED: Pat Rafter's $18m Coast house on the market

Check out the photos of the Coast's most expensive property for sale

The "correction we had to have" in Gladstone's rentals

UPWARD MARCH: The rental vacancy rate in Gladstone has improved for the first time in more than a year, providing a confidence boost in the market.

Vacancy rates improve with signs that things are getting betterF

ISLAND FOR SALE: Cheap Fraser Coast island drops price again

Suna Island in the Great Sandy Strait will be auctioned by Ray White Hervey Bay on Saturday morning.

This is the cheapest island you will find for sale in Australia

How a family home can fit on a 250sq m block

This is what you can build on 250m2.

Here's the floor plan of a home built on 250sq m

$100m plan for Curtis Island 'world class' luxury resort

$100 million resort: Top views at Turtle Street at Curtis Island.

"At the moment we think it meets all the town planning approvals.”

Noosa mayor on "red alert" over planning court decision

Mayor Tony Wellington hands down his first budget.

Mayor upset at lack of say about look and feel of Noosa