Council one of the most financially sound in Queensland
GYMPIE Regional Council gave itself a hearty pat on the back yesterday in endorsing its annual general report, which concluded the local authority was one of the most financially sound in Queensland.
With more than $1.13 billion in assets and a workforce of 477 with an annual salary and wages bill of more than $23 million, the council emerged from the last financial year with an operating surplus of almost $10 million - $5.6 million higher than 2011-2012.
As the councillor responsible for governance and financial management, Deputy Mayor Tony Perrett said the report debunked the myth being circulated that rates would automatically rise to meet the cost of the council's $3.5 million input to the flood levee.
"That could not be further from the truth," he said.
"This council is in a very, very strong position.
"(The report shows Gympie) as a low financial risk in comparison to other similar sized councils. In addition, the financial sustainability ratios (operating surplus ratio, asset sutainability ratio and net financial liabilities ratios) indicate council's current and future years well within the parameters set.
"Council revenue: total income for the 2012-13 financial year was $107 million, with $96 million from opertaions and $11 million from capital sources.
"Council's capital value at June 2013 was $1.02 billion, compared to $918 million at June 2012, with further increases over the next 10 years."
Who got paid what in 2012-2013
CEO Bernard Smith
(a package worth somewhere between) $200,000-$299,000
Chief engineer Bob Fredman
Directors (Craig Young, Craig Manson, Mike Hartley, Dimitri Scordalides) and two other middle managers
Mayor Ron Dyne
Deputy Mayor Tony Perrett
All other councillors