Wollondilly Council Hot Topic - Public Q&A

Wollondilly Council Hot Topic - Public Q&A Supporting Wollondilly citizens on matters concerning Wollondilly Council decisions and activities

This page is to support open discussion on matters important to our community, At all times posts are to be respectful and not contain crude language or vicious attacks on people - otherwise your content won't be posted here

23/04/2025
Council finances at risk and more borrowings planned!NSW Audit on 2024 financial year has found Wollondilly Council has ...
20/04/2025

Council finances at risk and more borrowings planned!
NSW Audit on 2024 financial year has found Wollondilly Council has not met the performance benchmark for liquidity. The financial sustainability benchmark for liquidity is cash to meet > 3 months expenses. Yet in the Council's 2024 Annual Report they stated they were above the benchmark of 6+months (Council must have made an accounting error).
Anyway the life goes on - hopefully without a rate increase!
Despite this bad news the CEO at the next Council meeting (29 April) has a confidential report requesting Council borrow an undisclosed amount for an undisclosed reason claiming confidentiality due to commercial advantage to who they will do business with.

Here's what the NSW Audit found on Council's liquidity (see the attached image from their report).
AT 30 June 2024, we calculated whether councils’ available cash and investments (not subject to external restrictions) were sufficient to meet three months of general fund expenses (excluding depreciation and borrowing costs). The tables below list the most and least liquid councils based on this calculation.

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