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Mitchell Shire Council deficit in the red

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The North Central Review
The North Central Reviewhttps://ncreview.com.au/
The North Central Review is an independently owned newspaper publishing company based in Kilmore that is responsible for publishing two community newspapers each week, covering communities within the Mitchell Shire

Mitchell Shire Council is looking at a $2.13 million deficit according to the third quarter financial report presented to the May council meeting.

The report highlighted that the deficit has been adjusted from $2.36 million predicted in the second quarter review. The report’s author described the variance of $226,000 as ‘favourable’.

During discussion on the report, Councillor David Lowe described the situation as ‘slightly better’.

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“The result could be better. And then again it could be a whole lot worse,” Mr Lowe added.

The report identified several factors that impacted the third quarter result including increased operating grants of $3.13 million, linked to grant funding relating to natural disasters and an increase in rates and charges of $545,000, mainly due to increased supplementary rates.

The report also highlighted an increase in employee costs of $1.10 million.

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