When the varied financial position of Central Queensland Local Government was put under the microscope of the Auditor-General, Rockhampton and Central Highlands councils were revealed as the only financially stable entities.
The analysis by Auditor-General Brendan Worrell found one-third of Queensland councils were at “high risk” of not being financially sustainable and 70 per cent spent more than they earned in 2020.
The report ranked councils financial sustainability measures and risk.
Gladstone, Livingstone and Woorabinda councils were all found to have average asset sustainability ratios less than 50 per cent, considered to be high-risk.
In his report into the audit, Mr Worrell studied the finances of 77 Queensland councils, highlighting the impact the COVID pandemic had on council finances.
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