Skip Navigation Links.
Collapse Issue 505:<br />19 Oct 2020<br />_____________Issue 505:
19 Oct 2020
Council seeks $100M loan 'to maintain liquidity'
Government won't 'bail out' Council, says Crouch
Not clear whether Murphy was advised of financial crisis
West Ward councillor response to council financial crisis
Collapse  NEWS NEWS
Heritage ferry has its engine replaced
Peninsula has highest numbers of elderly,
Wheelchair converted to multi-purpose cart
Provisional driver charged following Pearl Beach crash
Elections to be held for Ettalong Diggers
Alcohol-free zones are re-established
Construction certificate issued for three units
Application to renovate Booker Bay marina
New proposal received for Ettalong site
Water mostly good for swimming, says council report
Path to be built at Pearl Beach?
Application for two-lot subdivision
Bridge club to seek review of community centre use
Umina to host women's network meeting
Ride to Work Day ride
Raffle held in lieu of Opera in the Arboretum
Rotary club plans to start dementia cafe
Rotary members celebrate hat day
High tea at the arboretum
Raffle raises almost $3000 for Pearl Beach hall
Club hears about Grandparents Raising Grandchildren
Almost no rain falls
Beachgoers deserve to feel safe
Inconvenient track work
Fake traffic studies for development applications?
Coronavirus prevention more luck than good practice
No reason why bridge ritual should not continue
Getting rid of states has complications
Infectious visitors 'no risk', says health chief
Meditation group to raise funds for Lifeline
Hospital encourages traditional mental health therapies
Grant improves the walk to podiatry service
Eczema sufferer takes advantage of telehealth
Donations received for children's charity
Collapse  ARTS ARTS
Folk club to hold first live concert since restrictions
Koala painting donated to arboretum
Art trail was 'well received'
Art gallery returns to regular hours
College delivered football course online
Breakfast club to run four days a week
Band practice resumes
Mobile dental clinic expected at Ettalong next month
Jemma Smith to compete with Newport
Plans for 'spot' skatepark in Woy Woy or Ettalong
Lachlan helps save Port Jackson sharks
Umina United takes over-45s title
Teeball and modball players wanted
Veteran Pairs bowls finals
Disabled Surfers cancel December event

Not clear whether Murphy was advised of financial crisis

It is not clear whether chief executive Mr Gary Murphy was made aware of the extent of the council's financial crisis by staff before the notice of motion was submitted for the agenda for last Monday's meeting.

Mr Murphy is currently on leave and did not attend the Monday, October 12, council meeting.

The extent of the cashflow issues before Central Coast Council remains under investigation and has not been quantified for the public to make its own assessments.

An audit and risk committee did not uncover the problem, nor did the NSW Audit Office when it audited the 2018-19 books.

The 2019-20 budget was adopted by councillors without advice from staff that any cashflow problems were imminent.

The true cost of sacking the old councils and merging them into Central Coast Council has never been disclosed but has been estimated at up to $150 million.

Cost shifting from NSW Government to the Council has been estimated at another $45 million per year.

Council has had to cover the costs of the latest erosion works at Wamberal and The Entrance North, for instance, and it is understood the NSW Government now requires Council to submit a funding application to recover those costs.

Central Coast Council also extended its rates deadline by a month to assist the community with the financial impacts of the Covid-19 pandemic, which means receipts for rates would've caused some cashflow constraints in September-October but this should be short-term.

A New Year's Day bushfire and flooding in the northern parts of the Central Coast Local Government Area were also unexpected imposts that have had an impact on the Council's budget.

Mr Murphy appointed insolvency experts to appraise the impact Covid-19 would have on the Council's bottom line in March, foreseeing the hit Council could take on fees, charges and rates.

The operational plan got cut back, due dates for rates were changed and those in arrears were excused from paying penalties - all at a significant cost to Council's bottom like.

Local government employees were excluded from JobKeeper so Central Coast Council has had to keep footing its full wages bill even though its incomings were impacted by Covid 19.

The company consulted to deal with Covid-19 may have uncovered other issues and told the chief executive he needed to act.

An extraordinary general meeting of Central Coast Council will be held tonight, October 19, to deal with matters deferred from last week's agenda.

Skip Navigation Links.

Skip Navigation Links.
     Phone 4325 7369     Email us. Copyright © 2020 The Peninsula's Own News Service Inc    PO Box 1056 Gosford NSW 2250