Peter Hendy calls it a boost, Bega Valley council calls it a shortfall

Council’s  chief financial officer Lucas Scarpin is running a ruler over council’s books to assess how best to  accommodate the shortfall.

Council’s chief financial officer Lucas Scarpin is running a ruler over council’s books to assess how best to accommodate the shortfall.

Coalition member for Eden-Monaro Peter Hendy claims councils in his electorate will benefit from a boost  with the receipt of the Financial Assistance Grant (FAG). While this may be true  for some local government areas it is not so for the Bega Valley Shire.  

“Councils in the Electorate of Eden-Monaro will receive a total of $32,679,929 million this financial year,” Dr Hendy said.

 “The Coalition Government is committed to supporting local communities to deliver the services and facilities they need."

The BVSC will receive $6,771,796 but that does not gladden council's heart.

Council's chief financial officer Lucas Scarpin  said: “A reduction in the draft allocation of Financial Assistance Grant funding from the Office of Local Government will result in a $196,000 budgetary shortfall.

“This has council’s estimated 2015 FAG revenue falling from $6.923m to $6.727m. When broken down the shortfall represents $133,000 in general funding and $63,000 in local roads funding.

“We are assessing the situation and options of how to absorb the shortfall will be presented in September’s Quarterly Budget Review Statement,” Mr Scarpin said.

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