A REVIEW of the 2018/19 Annual Budget has revealed Douglas Shire Council is in a stronger financial position than first anticipated.

Successful grant funding applications and subsidies has increased operating revenue by $479,000 since the budget was adopted.

 

Douglas Shire Mayor Julia Leu and CEO Mark Stoermer sign off on the 2017-18 Annual Financial Statements

 

More than $1.5 million worth of projects, featuring a Teamsters Park Masterplan and street lighting on Opal St in Port Douglas, have also been added to the 2018/19 capital works program.

Douglas Shire Council Mayor Julia Leu said the revised budget confirmed the organisation was well on track for financial sustainability in the 2019/2020 year.

“Council continues to drive a strong culture of prudent financial management while delivering key projects and upholding a high level of service to the community,” she said.

“Financial sustainability is this Council’s top priority so future generations can enjoy the benefits of a strong and capable Douglas Shire.”

A change in operating expenditure has accounted for Council’s contribution to the Mossman Mill, Daintree Ferry Traffic Analysis and new grants.