Fit for the Future - Shellharbour Council's financial management gets stamp of approval

6/07/2018
 
Minister for Local Government, The Honourable Gabrielle Upton MP, today announced that Shellharbour City Council has exceeded all of the NSW Government’s financial benchmarks, formally demonstrating that it is financially sustainable.

The assessment, known as ‘Fit for the Future’, is designed to strengthen the system of local government across the State to ensure that Councils are able to deliver quality services and infrastructure to their communities.

Shellharbour City Council’s assessment was made based on its strategies, financial plan and other available data up until 2021-22.

Shellharbour Mayor Marianne Saliba said she was extremely happy with the result, but not surprised.

“This is a great result for our city and it reaffirms the integrity of Council’s strategies and long-term financial plan,” Cr Saliba said.

“This assessment demonstrates the leadership of the elected Council, the professionalism and financial acumen of our staff, and the strategic delivery of services and infrastructure to our community.”

“This also means Council is now eligible to get highly competitive loans from the NSW Treasury Corporation (TCorp). This could assist Council to provide more new and upgraded infrastructure at extremely low rates.”

Details of the process, results, and council summaries, will be published on the Office of Local Government’s website.

Media enquiries: Kelli Wells 0448 361 008.