{"id":306296,"date":"2021-09-23T18:22:26","date_gmt":"2021-09-23T08:22:26","guid":{"rendered":"https:\/\/southburnett.com.au\/news2\/?p=306296"},"modified":"2021-09-23T18:22:26","modified_gmt":"2021-09-23T08:22:26","slug":"council-deficit-3-4m-below-forecast","status":"publish","type":"post","link":"https:\/\/southburnett.com.au\/news2\/2021\/09\/23\/council-deficit-3-4m-below-forecast\/","title":{"rendered":"Council Deficit $3.4m Below Forecast"},"content":{"rendered":"
\"\"
Mayor Brett Otto announced on Thursday the South Burnett Regional Council’s deficit for 2020-21 appeared likely to be much lower than expected, and had come about without any cuts to services or staff<\/figcaption><\/figure>\n

September 23, 2021<\/strong><\/p>\n

South Burnett Regional Council’s deficit for 2020-21 is expected to be $3.4 million lower than originally forecast.<\/p>\n

On Thursday, Mayor Brett Otto said auditors finalising accounts for the annual report are expected to announce Council had a $1.153 million deficit last financial year, not the $4.56 million deficit forecast.<\/p>\n

The Mayor said the difference was made by savings in employee costs and the costs of materials and services.<\/p>\n

The Council also had revenue increases from building and development projects across the region, as well as growth in the number of rateable properties.<\/p>\n

Mayor Otto said the strong financial performance had allowed Council to hand down a zero per cent general rate rise last year and a 1 per cent increase this year.<\/strong><\/p>\n

He said Council had also continued to pay down debt – which stood at $33.8 million in August – and had cash holdings of $42.62 million.<\/p>\n

The Mayor said he was proud this result was able to be accomplished without reducing Council services or staff.<\/p>\n

However, he would continue to look for better ways to deliver services as Council “pursued a return to surplus”.<\/p>\n

One recent improvement, he said, was a reduction of Council’s “white fleet” from 113 to 90 vehicles.<\/p>\n

This move was expected to save more than $500,000 during the next year.<\/p>\n","protected":false},"excerpt":{"rendered":"

South Burnett Regional Council’s deficit for 2020-21 is expected to be $3.4 million lower than originally forecast.<\/p>\n","protected":false},"author":3,"featured_media":306297,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[22,3],"tags":[1131],"yoast_head":"\nCouncil Deficit $3.4m Below Forecast - southburnett.com.au<\/title>\n<meta name=\"description\" content=\"South Burnett Regional Council's deficit for 2020-21 is expected to be $3.4 million lower than originally forecast.\" \/>\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\/2021\/09\/23\/council-deficit-3-4m-below-forecast\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Council Deficit $3.4m Below Forecast - southburnett.com.au\" \/>\n<meta property=\"og:description\" content=\"South Burnett Regional Council's deficit for 2020-21 is expected to be $3.4 million lower than originally forecast.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/southburnett.com.au\/news2\/2021\/09\/23\/council-deficit-3-4m-below-forecast\/\" \/>\n<meta property=\"og:site_name\" content=\"southburnett.com.au\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-23T08:22:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/southburnett.com.au\/news2\/wp-content\/uploads\/2021\/09\/20210923otto.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"740\" \/>\n\t<meta property=\"og:image:height\" content=\"460\" \/>\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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/southburnett.com.au\/news2\/2021\/09\/23\/council-deficit-3-4m-below-forecast\/\",\"url\":\"https:\/\/southburnett.com.au\/news2\/2021\/09\/23\/council-deficit-3-4m-below-forecast\/\",\"name\":\"Council Deficit $3.4m Below Forecast - 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