Our Finances - what we spend and how we spend it Our Finances - what we spend and how we spend it

Budget 2013-2014

The 2013-14 Budget was adopted by Council on 31 July 2013 and is valued at $255.8m. It provides the Council team with an extensive list of projects, programs and services to undertake in this financial year.

Designed to provide a clear picture of Maranoa Regional Council's financial situation, the budget papers and statements are prepared in accordance with the Local Government Act 2009 and the Local Government (Finance, Plans and Reporting) Regulation 2010.

Revenue Policy

The purpose of Council's Revenue Policy is to identify the planning framework within which Council operates and to set out the principles used by Council for:

  • Making of rates and charges;
  • Levying of rates;
  • Recovery of rates; and
  • Concessions for rates and charges.

This Revenue Policy will be interest to ratepayers, federal and state departments, community groups and other interested parties seeking to understand the revenue policies and practices of Council.

Borrowing Policy

The purpose of Council's Borrowing Policy is:

  • To ensure that borrowings will only be used to finance capital works that will provide services now and into the future.
  • To ensure that there will be no borrowings used to finance recurrent expenditure.
  • Identify new borrowings.
  • The time over which it is planned to repay existing and proposed borrowings to ensure the sound management of any Council debt.

Investment Policy

The objectives of Council's Investment Policy is to:

  • Invest Council funds not immediately required for financial commitments.
  • Maximise earnings from authorised investments of cash reserves after assessing counterparty, market and liquidity risks.
  • Actively manage the net debt position with core surplus funds.
  • Ensure that appropriate records are kept and that adequate internal controls are in place to safeguard public monies.

Purchasing Policy

The purpose of Council's Purchasing Policy is to:

  • Facilitate the procurement of goods and services for Council in the most timely and cost effective manner.
  • Ensure that all procurement activities are within Council's legal and statutory obligations; and
  • Ensure that all procurement activities are carried out in a professional manner and that all Council officers responsible for purchasing goods and services have a clear understanding of the procurement process as well as to their meaning and intent.

Competition Policy

Council has adopted the Competition Policy 2010-11 in relation to the application of the Code of Competitive Conduct to its business activities. Current business acitivities of Council include:- Plant; Water; Sewerage; Gas; Roads; Other Roads; Garbage Collection and Disposal; Saleyards; and Airport.

Community Grants and Assistance Policy

Maranoa Regional Council receives a range of requests for fianncial support and assistance from community organisations and individuals to assist with the development of sports, arts, heritage, recreation or other community activities within the Maranoa Regional Council area. The Community Grants and Assistance Policy coordinates Council's response to the range of requests for financial support it receives and ensures that the decisions to provide this support are based on objective criteria and a consistent application of these procedures.