Restricted fund crisis fixed
It was a moment to celebrate, said Administrator Rik Hart. He was talking about the Investment Report for November 2021 which showed that Central Coast Council had enough money in…
defecit
Council’s deficit has grown under administration
Central Coast Council’s financial year 2020-2021 saw an operating deficit before capital grants and contributions of -$91.6M. The operating deficit including capital grants and contributions for the 2020- 2021 financial…
Deficit $28M less than last financial year
The 2020-2021 financial year was much less catastrophic for Central Coast Council than anticipated when Councillors were suspended last October, according to the draft financial report presented at the August…
How big will council’s deficit turn out to be?
Obviously the Council needs to be sacked, especially if in coming weeks people find out the actual debt is closer to $300M than $100M. The true liability amount will be…
Council defends its case in a 16-page submission to Minister
Central Coast Council is forging ahead with financial recovery and will lodge a submission with the Office of Local Government on why councillors should not be suspended and replaced with…
Not clear whether chief executive was fully advised of financial crisis
It is not clear whether chief executive Mr Gary Murphy was made aware of the extent of the council’s financial crisis by staff before the notice of motion was submitted…
Departure should have raised questions
Forum – During the tenure of the Administrator, the Forum page was full of demands that a representative Council be put in place to reflect the will of ratepayers and…
Amazed at such a massive deficit
Forum – It’s beyond belief how Central Coast Council has amassed such a massive deficit of about $89M in such a short time that they have been in office. (Chronicle,…