First Quarter Budget Review for the 2022-2023 financial year
The First Quarter Budget Review for the 2022-2023 financial year was endorsed at today’s open Council meeting at Town Hall.
The Budget Review saw Council revise its initial operating surplus of $0.05 million to an increased projection of $0.23 million. Additionally, council’s 2022-2023 capital program projection was increased by $3.26 million to $38.82 million.
Key projects that were added to council’s capital program included:
- Additional funding from Reconstruction of Essential Public Asset project (REPA) - $327,000
- Gympie Southside Sewer Network Expansion Project Stage 8, 9 and 10 - $1.5 million
- Gympie Civic Centre Upgrade - $2.2 million
- Projects funded under the Local Roads and Community Infrastructure Program (LRCI) - $1.6 million
- Additional Heavy Plant - $735,000 Key projects that were removed from council’s capital program include:
- Smith’s Bridge Replacement at Woolooga - $500,000
- Intersection Upgrades at Station Road, Tozer Street, Chapple Street, Lady Mary Terrace - $2.6 million
- North Deep Creek Road Improvements - $644,000
- Future Sporting Fields - $775,000
- QRA funding for generators at the Pavilion, Civic Centre, and Water Treatment Plant - $965,000
- New Gympie Waste Transfer Station Facility at Laurenceson Road - $3.3Million
Gympie Regional Council Mayor Glen Hartwig says due to the significant wet weather events our region has faced this year, it is critical that we focus our priorities and finances on rebuilding our region. “The Gympie region has been decimated by three significant wet weather events this year, one of which was the biggest in living memory, and early estimates indicate we are expecting a damage bill of over $100 million. “To ensure that we deliver on our promise to rebuild our vital road network and infrastructure for residents, we have had to make the difficult decision to put certain major projects on hold for the time being to help cover the cost the floods have caused. “Like any budget, we will revisit it again in February 2023 to monitor these projections and make adjustments where needed”, he said.
To view today’s Council Ordinary Meeting live stream, visit https://www.youtube.com/channel/UC__ziFr39ChNAOyaB4M7yng