OBERON Council has forecast a net operating surplus of $1763 for the next financial year in its draft 2019-20 budget that has now been placed on public exhibition.
Residents have until June 19 to provide feedback on council's draft 2019-20 operational plan, draft long-term financial plan, draft 2019-20 revenue policy, the building asset management plan and workforce management plan.
Council has scheduled an extraordinary meeting on June 25 to finalise and adopt the new plans.
Oberon rates will rise by seven per cent in 2019-20 after council applied to the Independent Pricing and Regulator Tribunal (IPART)back in 2014 for a Special Rate Variation (SRV).
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IPART approved a cumulative rate increase of 34.35 per cent over five years, culminating in the 2019-20 budget.
The SRV continues to be used on the eight priority roads for which the funding was approved: Dog Rocks, Lowes Mount, Hazelgrove, Beaconsfield, Sewells Creek, Campbells River, Burraga and Abercrombie Roads.
The seven per cent rate rise for Oberon residents next year will comprise the 2.7 per rate peg set by the NSW Government and a 4.3 per cent SRV.
The budget papers also showed that Oberon Council received additional unexpected grant income to the tune of $1,253,889 from the NSW Government in the 2018-19 financial year.
Meanwhile, a series of community meetings have been scheduled to discuss the operational plan.
They will be held on:
- Monday, June 3: Oberon Bob Hooper Community Centre, 2.30pm.
- Monday, June 3: Black Springs Community Hall, 7pm.
- Tuesday, June 4: Burraga Sport and Recreation Club, 7pm.
- Thursday, June 6: Oberon Bob Hooper Community Centre, 7pm.
The draft 2019-20 operational plan has a total income forecast of $16,952,730 with a net operating surplus of $1763 after continuing operations and capital expenditure.