04/08/2021 | Press release | Distributed by Public on 04/07/2021 18:51
Cumberland City Council has released an updated economic statement revealing progress in performance to restore its financial situation.
Education and Care services, senior's living units, swim centres and other assets like the Holroyd Centre and the Auburn Golf Course will be further explored in the mid-term for long-term economic viability, as Council work to sustain a surplus.
'I'm pleased with how far we have come after our known financial challenges in 2020. Council has achieved a total of $3.4 million in savings for six months, as a result of employee cost savings and COVID-19 related reduction of function and events,' General Manager of Cumberland City Council, Hamish McNulty said.
'We will continue to focus on our 'back to the basics' approach to ensure resources are spent on Council services that benefit the community. This includes, capital works projects, investment in infrastructure and essential services.
While these initial results are promising, these measures on their own are not enough to ensure Council's long-term financial sustainability,' Hamish McNulty said.
Council's Economic and Fiscal Update shows much work remains to be done to review the organisation holistically to ensure all services offered are for the betterment of the community and achieves the highest return on investment for ratepayers.
Read the Economic Statement February 2021 here: