Council Minutes - Town of Cambridge
Council Minutes - Town of Cambridge
Council Minutes - Town of Cambridge
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COUNCIL MINUTES<br />
TUESDAY 28 AUGUST 2012<br />
POLICY/STATUTORY IMPLICATIONS:<br />
The Local Government (Financial Management) Regulations 1996, in particular Regulation<br />
34, expands on this requirement to include a monthly financial report to be prepared<br />
identifying significant variations between actual and budget. This report complies with this<br />
requirement.<br />
FINANCIAL IMPLICATIONS:<br />
The budget outlines the financial plans for the <strong>Town</strong> over the next twelve months. The<br />
budget contains estimated revenue and expenditure and once adopted is monitored<br />
throughout the year.<br />
STRATEGIC DIRECTION:<br />
The management <strong>of</strong> budgeted funds is consistent with the Strategic Plan’s goal <strong>of</strong> financial<br />
sustainability, by ensuring our expenditure is matched by our revenue.<br />
COMMUNITY CONSULTATION:<br />
This matter has been assessed under the Community Consultation Matrix Consultation<br />
Level – Inform - To provide the public with balanced and objective information to assist them<br />
in understanding the problem, alternatives, and/or solutions.<br />
ATTACHMENTS:<br />
1. Rate Setting Statement<br />
2. Carried Forward Works Schedule<br />
COUNCIL DECISION:<br />
(COMMITTEE AND ADMINISTRATION RECOMMENDATION)<br />
Moved by Cr Langer, seconded by Cr Walker<br />
That:-<br />
(i) the closing funds carried forward from the financial year ending 30 June 2012,<br />
into the 2012/2013 budget, be amended from $4,594,500 to $4,373,600 and the<br />
carried forward works schedule, contained in the 2012/2013 budget be amended<br />
in accordance with the following table:<br />
H:\CEO\GOV\COUNCIL MINUTES\12 MINUTES\AUGUST 2012\C CR.DOCX 194
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