THE BENEFITS OF GOOD FINANCIAL MANAGEMENT – 22/11/2018

As part of our ongoing commitment to financial management, Council’s budget is reviewed twice each year and is also independently audited by external accountants.


The comprehensive audit, recently completed, found the City’s internal processes, procedures and financial reporting framework were highly effective, with only minor opportunities for improvement.


Our budget review was also recently completed and through a rigorous budget assessment process, nearly $1.5m in savings were identified.  This is great news because it means Council can redirect those funds to new projects and extend our current programs and services.


Through our annual Community Safety Survey, we know community safety is a priority.  A portion of the savings will therefore be used to extend the City’s solar walkway lighting program, install security screens at Frank Butler Community Centre and establish a subsidy scheme for CCTV cameras and sensor lighting for residents’ homes.


Community projects and events will also benefit from the saved funds, with vibrant new artwork at the Dampier skate park, a new shed for the Nickol Bay Bushfire Brigade and carpark works to be completed at the Karratha Leisureplex.


We have identified funds to investigate development of Karratha Back Beach and to begin detailed design of the new Dampier Marina.


Council also allocated money to extend the kerb and footpath maintenance program and to celebrate Karratha’s 50th birthday next year.


The amendments to Council’s budget will not affect Council’s bottom line, with a modest surplus forecast for the financial year.


And it is fantastic that we continue to identify savings and efficiencies which allow us to give more bang for our rate-payers’ bucks.

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