Council Adopts 2021-2022 Annual Report

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Published
18th November 2022

Livingstone Shire residents can see for themselves exactly what Council has delivered in the past financial year thanks to the 2021-2022 Annual Report.

The report, adopted at the ordinary council meeting on Tuesday, 15 November, strongly supports the tenets of Council’s Community Plan, which encourages growth while maintaining Livingstone’s environmental credentials and ensuring liveability is at the forefront of all decision-making.

Mayor Andy Ireland said in a year that has seen cost of living expenses rise dramatically, sound financial management has seen the organisation balance the needs of the community with the long-term sustainability of the organisation.

“The Annual Report gives us an opportunity to reflect on the past year and the achievements we accomplished in this time, as well as provide the community with an update on our financial position and achievements pertaining to our Operational Plan,” Mayor Ireland said.

“This year, a significant majority of identified programmes, activities or targets were either delivered or on track for delivery.

“Although Council is constantly challenged in a financial sense, we are well placed to provide the necessary financial resources to address the land use, natural resource, environmental, economic and social challenges associated with the developing growth across the shire.

“Council continues to pay down the debt levels and as at June 30th the debt level was at approximately $60 million.

“Detailed information on Council operations is included in the report and I thoroughly recommend community members reading it to remain well informed of Council activities.”

The report is available on Council’s website, Annual Reports page at www.livingstone.qld.gov.au/

The 2021-22 financial results headlines:

  • Operating surplus of $1.962 million
  • Increase in cash balances of $98.651 million
  • Reduction of total borrowings to $59.958 million
  • Investment in infrastructure of $29m
  • Total assets are $1.2b, with PPE valued at $1.09b
  • Achieved operating surplus ratio (1.9%) and net financial liabilities ratio (-3.0%)