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Council s huge turnaround in financial fortunes

Council’s ‘huge turnaround’ in financial fortunes Close up of Australian money, twenty and fifty dollar notes and gold and silver coins scattered on pile. News 15th Dec 2020 12:00 AM Premium Content Subscriber only LISMORE City Council has pulled a financial rabbit out of its hat substantially reducing its net operating loss, before grants and developer contributions, from more than $8 million the previous year to a little over $600,000 this year. It’s an amazing reversal of fortunes given that revenue was down due to COVID-19 and the fire at the Lismore recycling and recovery centre. Deputy Mayor Neil Marks described it as a “huge turnaround”.

Council s huge turnaround in financial fortunes | Ballina Shire Advocate

Council’s ‘huge turnaround’ in financial fortunes Close up of Australian money, twenty and fifty dollar notes and gold and silver coins scattered on pile. News 15th Dec 2020 12:00 AM Premium Content Subscriber only LISMORE City Council has pulled a financial rabbit out of its hat substantially reducing its net operating loss, before grants and developer contributions, from more than $8 million the previous year to a little over $600,000 this year. It’s an amazing reversal of fortunes given that revenue was down due to COVID-19 and the fire at the Lismore recycling and recovery centre. Deputy Mayor Neil Marks described it as a “huge turnaround”.

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