PERTH City Council last week approved a $79.6 million budget for the 2002-03 year, an increase of about $4 million spent on the previous financial year.
PERTH City Council last week approved a $79.6 million budget for the 2002-03 year, an increase of about $4 million spent on the previous financial year. The surplus, meanwhile, is expected to slip back to just $63,392, from $3.4 million estimated for the 2001-02 year.
Less than half the money collected by the council stems from rates. The largest contribution comes in the form of the $36 million collected in fees and charges.
Major expenditure outlays for the year include $2 million toward the Concert Hall refurbishment and $750,000 for the Perth Town Hall restoration.
Upgrading of parks and reserves are expected o increase from $1.2 million in 2001-02 to more than $12 million in the current financial year.
An additional $160,000 has been allocated for Christmas decorations, after $61,000 was spent on the decorations last year.
The council is expected to collect around $5,000 in fines for abandoned vehicles while it has budgeted an additional $10,000 to a total of $71,000 for the removal of abandoned vehicles.
Treasury deficit
STATE Treasury reported a net operating deficit of $40 million for the general government sector in January, according to its monthly report. This follows a $100 million surplus in December 2001.
The deficit came despite a revenue stream of $1 billion, up $92 million on the previous month. The cumulative net operating surplus for the first seven months of 2001-02 totalled $359 million on total revenue of $6.7 billion.
General revenue increased largely as a result of a $186 million increase in Federal grants, due mainly to the timing of non-government schools and local government funding.
Water restrictions during January was a significant factor contributing to the $53 million decrease in revenue from public corporations.
Youth award
YOUNG WA entrepreneurs are being invited to submit their business plans to the Australian Junior Chamber.
The AJC wants the business plans for its Entrepreneurs in Action program, which offers two prizes of $US5,000 for the best business plan from an entrepreneur aged under 40.
The prize money is available for two categories: “Business”, for a for-profit business plan; and “Social entrepreneur”, for a not-for-profit business plan.
Entries close on August 31.
About 40 Australian entrepreneurs will be travelling to the US for the presentations ceremonies in Las Vegas on November 24 to 28.
The AJC is offering to help entrants prepare their business plans for the award.
For more information visit www.juniorchamber.org and click on the News and Info icon.
Less than half the money collected by the council stems from rates. The largest contribution comes in the form of the $36 million collected in fees and charges.
Major expenditure outlays for the year include $2 million toward the Concert Hall refurbishment and $750,000 for the Perth Town Hall restoration.
Upgrading of parks and reserves are expected o increase from $1.2 million in 2001-02 to more than $12 million in the current financial year.
An additional $160,000 has been allocated for Christmas decorations, after $61,000 was spent on the decorations last year.
The council is expected to collect around $5,000 in fines for abandoned vehicles while it has budgeted an additional $10,000 to a total of $71,000 for the removal of abandoned vehicles.
Treasury deficit
STATE Treasury reported a net operating deficit of $40 million for the general government sector in January, according to its monthly report. This follows a $100 million surplus in December 2001.
The deficit came despite a revenue stream of $1 billion, up $92 million on the previous month. The cumulative net operating surplus for the first seven months of 2001-02 totalled $359 million on total revenue of $6.7 billion.
General revenue increased largely as a result of a $186 million increase in Federal grants, due mainly to the timing of non-government schools and local government funding.
Water restrictions during January was a significant factor contributing to the $53 million decrease in revenue from public corporations.
Youth award
YOUNG WA entrepreneurs are being invited to submit their business plans to the Australian Junior Chamber.
The AJC wants the business plans for its Entrepreneurs in Action program, which offers two prizes of $US5,000 for the best business plan from an entrepreneur aged under 40.
The prize money is available for two categories: “Business”, for a for-profit business plan; and “Social entrepreneur”, for a not-for-profit business plan.
Entries close on August 31.
About 40 Australian entrepreneurs will be travelling to the US for the presentations ceremonies in Las Vegas on November 24 to 28.
The AJC is offering to help entrants prepare their business plans for the award.
For more information visit www.juniorchamber.org and click on the News and Info icon.
