Burdekin Shire Council 2019/20 Budget – At a Glance

BURDEKIN SHIRE COUNCIL 2019/20 BUDGET – AT A GLANCE

Burdekin Shire Council today handed down its budget for the 2019/2020 financial year. Snapshot of budget is attached for your information.

Have highlighted a number of relevant points from full budget document.

• Category A – Residential general rate cents in the dollar has increased from $0.01478 to $0.01645 an increase of 11.30%
• Category D – Sugar Cane general rate cents in the dollar has decreased from $0.03984 to $0.03700 a decrease of 7.13%
• Estimated Operating Surplus for 2018/2019 year – $2,782,963 (98.28% above original budget)
• Estimated Net Result for 2018/2019 year – $5,643,529 (24.06% above original budget)
• Projected Operating Surplus for 2019/2020 year – $422,515
• Projected Net Result for 2019/2020 year – $6,298,123
• Interest on outstanding rates and charges – 9% compound interest charged on daily rests
• Ratepayers who meet the criteria for financial hardship and satisfactorily complete a mutually agreed payment plan will be eligible for reimbursement of 50% of interest charges.

Les Elphinstone
Manager / Company Secretary