FINANCIAL REPORT

LIPSHUTZ: ‘excellent result’. Said that Delahunty had asked that the reports be more ‘intensive’ and they’ve now included a few additional items as a result. “Council has got a work strategy’; capital works is ‘slightly behind forecast’ and they’ll catch up by the ‘end of the year’. “Council liquidity is tracking well’ and although council has to be ‘careful’ all is going well.

DELAHUNTY: ‘great’ that there is more detail in the report and ‘helps us do our job’ so that councillors can get a ‘greater picture of the finances’. There are 1.3 billion dollars of assets so the ‘big picture’ is needed. ‘Peter’ is right about cash flow in that ‘there is a definite need for caution’. ‘Our position is strong, the balance sheet position is strong’ and GESAC is ‘an absolute standout’ and because membership is growing ‘we may not see a dip’.

LOBO: said the report ‘really shows the financial strength of this council’ and not the things ‘that come on Glen Eira Debates’. There are ‘doubting Thomases’ writing ‘day in and day out’ and they write and ‘hide’ under the ‘name of anonymity’. Said that if people really believe that ‘there is a problem put your name and address’. Went on to say that being ‘negative will not keep you in good health’ because ‘negativity doesn’t give good health of mind and body’. Concluded with the hope that ‘you can take a new leaf from this’ as well as ‘stop your Glen Eira Debates’.

MOTION PUT: carried unanimously

COMMENT

  • Caution has been urged month after month yet Lipshutz still refers to  $600,000 as ‘little’!
  • No real explanation of why capital works and other projects are so far behind schedule? It couldn’t be anything with ‘saving money’ and managing the cash flow, could it?
  • We note that $529,000 is now to be returned to the government as a result of the decision on Boyd Park water harvesting. Another ‘cash flow’ problem?
  • Previously Hyams saw no problem in calling certain councillors to account when their comments were totally irrelevant to the item under discussion. We wonder why this was not done in the case of Lobo’s comments? There was a 5 second statement about the financial report and the remainder of his ‘speech’ addressed ourselves. We are indeed flattered by the attention.