{"id":248663,"date":"2019-11-19T15:40:36","date_gmt":"2019-11-19T05:40:36","guid":{"rendered":"https:\/\/southburnett.com.au\/news2\/?p=248663"},"modified":"2020-07-14T12:37:28","modified_gmt":"2020-07-14T02:37:28","slug":"council-debt-cut-by-5-5m","status":"publish","type":"post","link":"https:\/\/southburnett.com.au\/news2\/2019\/11\/19\/council-debt-cut-by-5-5m\/","title":{"rendered":"Council Debt Cut By $5.5m"},"content":{"rendered":"<figure id=\"attachment_248669\" aria-describedby=\"caption-attachment-248669\" style=\"width: 740px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" class=\"wp-image-248669\" src=\"https:\/\/southburnett.com.au\/news2\/wp-content\/uploads\/2019\/11\/20191119annualreport.jpg\" alt=\"\" width=\"740\" height=\"460\" srcset=\"https:\/\/southburnett.com.au\/news2\/wp-content\/uploads\/2019\/11\/20191119annualreport.jpg 620w, https:\/\/southburnett.com.au\/news2\/wp-content\/uploads\/2019\/11\/20191119annualreport-300x186.jpg 300w, https:\/\/southburnett.com.au\/news2\/wp-content\/uploads\/2019\/11\/20191119annualreport-263x163.jpg 263w, https:\/\/southburnett.com.au\/news2\/wp-content\/uploads\/2019\/11\/20191119annualreport-340x211.jpg 340w, https:\/\/southburnett.com.au\/news2\/wp-content\/uploads\/2019\/11\/20191119annualreport-269x167.jpg 269w, https:\/\/southburnett.com.au\/news2\/wp-content\/uploads\/2019\/11\/20191119annualreport-285x177.jpg 285w\" sizes=\"(max-width: 740px) 100vw, 740px\" \/><figcaption id=\"caption-attachment-248669\" class=\"wp-caption-text\">The South Burnett Regional Council&#8217;s latest Annual Report notes that total debt fell by $5.5 million in 2018-19, while cash reserves rose by $17 million (Photo: SBRC)<\/figcaption><\/figure>\n<p><strong>November 11, 2019<\/strong><\/p>\n<p>South Burnett Regional Council reduced its debt by $5.5 million and increased its cash reserves to $48 million in 2018-19.<\/p>\n<p>The figures are included in Council&#8217;s annual report, released recently.<\/p>\n<p><strong>The Council says its main achievements during 2018-2019 were:<\/strong><\/p>\n<ul>\n<li>Reducing debt by $5.5 million (from $44.9 million to $39.4 million)<\/li>\n<\/ul>\n<ul>\n<li>Increasing cash reserves by $17 million (from $31 million to $48 million)<\/li>\n<\/ul>\n<ul>\n<li>Significant improvements to the region&#8217;s road network<\/li>\n<\/ul>\n<ul>\n<li>Introducing a Hardship Policy to assist ratepayers struggling with Council debts<\/li>\n<\/ul>\n<ul>\n<li>Using Works For Queensland grants to attend to outstanding capital works projects<\/li>\n<\/ul>\n<ul>\n<li>Continuing work on revitalising town CBD areas<\/li>\n<\/ul>\n<ul>\n<li>Ongoing cost reduction efforts across all areas of Council operations<\/li>\n<\/ul>\n<p><strong>The main threats it forecast were:<\/strong><\/p>\n<ul>\n<li>Cost blow-outs in running the region&#8217;s swimming pools and housing dogs and cats, which were well above CPI<\/li>\n<\/ul>\n<ul>\n<li>Ongoing increases in the costs of materials and services<\/li>\n<\/ul>\n<ul>\n<li>The Federal Government&#8217;s reluctance to restore Financial Assistance Grants for Councils to previous levels<\/li>\n<\/ul>\n<p><strong>By law, all Queensland Councils are obliged to produce an Annual Report shortly after the end of each financial year.<\/strong><\/p>\n<p>The report is then vetted by the Department of Local Government to ensure it complies with State guidelines, and approval to release it is usually given in late October or early November.<\/p>\n<p>The South Burnett document was formally adopted at a special meeting on November 6.<\/p>\n<p>The report covers the Council\u2019s major achievements in 2018-19 and records how well &#8211; or otherwise &#8211; the Council is meeting its performance targets and long-term goals.<\/p>\n<p>The Annual Report also provides financial data which outlines where the Council\u2019s money came from and how it was spent.<\/p>\n<p>Hard copies of the Annual Report are available for viewing at Council\u2019s Customer Service Centres and local libraries, and can be purchased for a fee.<\/p>\n<p>An electronic copy of the 2018-19 Annual Report is also available at no charge on Council\u2019s <a href=\"http:\/\/www.southburnett.qld.gov.au\/annual-report\" target=\"_blank\" rel=\"noopener\"><b>website<\/b><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>South Burnett Regional Council reduced its debt by $5.5 million and increased its cash reserves to $48 million in 2018-19.<\/p>\n","protected":false},"author":3,"featured_media":248669,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[22,3],"tags":[1131],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.11 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Council Debt Cut By $5.5m - southburnett.com.au<\/title>\n<meta name=\"description\" content=\"South Burnett Regional Council reduced its debt by $5.5 million and increased its cash reserves to $48 million in 2018-19.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/southburnett.com.au\/news2\/2019\/11\/19\/council-debt-cut-by-5-5m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Council Debt Cut By $5.5m - southburnett.com.au\" \/>\n<meta property=\"og:description\" content=\"South Burnett Regional Council reduced its debt by $5.5 million and increased its cash reserves to $48 million in 2018-19.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/southburnett.com.au\/news2\/2019\/11\/19\/council-debt-cut-by-5-5m\/\" \/>\n<meta property=\"og:site_name\" content=\"southburnett.com.au\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-19T05:40:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-07-14T02:37:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/southburnett.com.au\/news2\/wp-content\/uploads\/2019\/11\/20191119annualreport.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"620\" \/>\n\t<meta property=\"og:image:height\" content=\"385\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Dafyd Martindale\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dafyd Martindale\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/southburnett.com.au\/news2\/2019\/11\/19\/council-debt-cut-by-5-5m\/\",\"url\":\"https:\/\/southburnett.com.au\/news2\/2019\/11\/19\/council-debt-cut-by-5-5m\/\",\"name\":\"Council Debt Cut By $5.5m - southburnett.com.au\",\"isPartOf\":{\"@id\":\"https:\/\/southburnett.com.au\/news2\/#website\"},\"datePublished\":\"2019-11-19T05:40:36+00:00\",\"dateModified\":\"2020-07-14T02:37:28+00:00\",\"author\":{\"@id\":\"https:\/\/southburnett.com.au\/news2\/#\/schema\/person\/fe1462de610cb7aeff2e2962d60f4188\"},\"description\":\"South Burnett Regional Council reduced its debt by $5.5 million and increased its cash reserves to $48 million in 2018-19.\",\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/southburnett.com.au\/news2\/2019\/11\/19\/council-debt-cut-by-5-5m\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/southburnett.com.au\/news2\/#website\",\"url\":\"https:\/\/southburnett.com.au\/news2\/\",\"name\":\"southburnett.com.au\",\"description\":\"Kingaroy and South Burnett News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/southburnett.com.au\/news2\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-AU\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/southburnett.com.au\/news2\/#\/schema\/person\/fe1462de610cb7aeff2e2962d60f4188\",\"name\":\"Dafyd Martindale\",\"url\":\"https:\/\/southburnett.com.au\/news2\/author\/dafyd\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Council Debt Cut By $5.5m - southburnett.com.au","description":"South Burnett Regional Council reduced its debt by $5.5 million and increased its cash reserves to $48 million in 2018-19.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/southburnett.com.au\/news2\/2019\/11\/19\/council-debt-cut-by-5-5m\/","og_locale":"en_US","og_type":"article","og_title":"Council Debt Cut By $5.5m - southburnett.com.au","og_description":"South Burnett Regional Council reduced its debt by $5.5 million and increased its cash reserves to $48 million in 2018-19.","og_url":"https:\/\/southburnett.com.au\/news2\/2019\/11\/19\/council-debt-cut-by-5-5m\/","og_site_name":"southburnett.com.au","article_published_time":"2019-11-19T05:40:36+00:00","article_modified_time":"2020-07-14T02:37:28+00:00","og_image":[{"width":620,"height":385,"url":"https:\/\/southburnett.com.au\/news2\/wp-content\/uploads\/2019\/11\/20191119annualreport.jpg","type":"image\/jpeg"}],"author":"Dafyd Martindale","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Dafyd Martindale","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/southburnett.com.au\/news2\/2019\/11\/19\/council-debt-cut-by-5-5m\/","url":"https:\/\/southburnett.com.au\/news2\/2019\/11\/19\/council-debt-cut-by-5-5m\/","name":"Council Debt Cut By $5.5m - southburnett.com.au","isPartOf":{"@id":"https:\/\/southburnett.com.au\/news2\/#website"},"datePublished":"2019-11-19T05:40:36+00:00","dateModified":"2020-07-14T02:37:28+00:00","author":{"@id":"https:\/\/southburnett.com.au\/news2\/#\/schema\/person\/fe1462de610cb7aeff2e2962d60f4188"},"description":"South Burnett Regional Council reduced its debt by $5.5 million and increased its cash reserves to $48 million in 2018-19.","inLanguage":"en-AU","potentialAction":[{"@type":"ReadAction","target":["https:\/\/southburnett.com.au\/news2\/2019\/11\/19\/council-debt-cut-by-5-5m\/"]}]},{"@type":"WebSite","@id":"https:\/\/southburnett.com.au\/news2\/#website","url":"https:\/\/southburnett.com.au\/news2\/","name":"southburnett.com.au","description":"Kingaroy and South Burnett News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/southburnett.com.au\/news2\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-AU"},{"@type":"Person","@id":"https:\/\/southburnett.com.au\/news2\/#\/schema\/person\/fe1462de610cb7aeff2e2962d60f4188","name":"Dafyd Martindale","url":"https:\/\/southburnett.com.au\/news2\/author\/dafyd\/"}]}},"_links":{"self":[{"href":"https:\/\/southburnett.com.au\/news2\/wp-json\/wp\/v2\/posts\/248663"}],"collection":[{"href":"https:\/\/southburnett.com.au\/news2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/southburnett.com.au\/news2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/southburnett.com.au\/news2\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/southburnett.com.au\/news2\/wp-json\/wp\/v2\/comments?post=248663"}],"version-history":[{"count":11,"href":"https:\/\/southburnett.com.au\/news2\/wp-json\/wp\/v2\/posts\/248663\/revisions"}],"predecessor-version":[{"id":264514,"href":"https:\/\/southburnett.com.au\/news2\/wp-json\/wp\/v2\/posts\/248663\/revisions\/264514"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/southburnett.com.au\/news2\/wp-json\/wp\/v2\/media\/248669"}],"wp:attachment":[{"href":"https:\/\/southburnett.com.au\/news2\/wp-json\/wp\/v2\/media?parent=248663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/southburnett.com.au\/news2\/wp-json\/wp\/v2\/categories?post=248663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/southburnett.com.au\/news2\/wp-json\/wp\/v2\/tags?post=248663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}