Territory Stories

Alice Springs Town Council 2003/2004 Annual Report



Alice Springs Town Council 2003/2004 Annual Report

Other title

Annual report 2003/2004; Alice Springs Town Council annual report


Alice Springs Town Council


E-Publications; E-Books; PublicationNT; Annual Report




Made available via the Publications (Legal Deposit) Act 2004 (NT).




Alice Springs (N.T.). Council -- Periodicals; Local government -- Northern Territory -- Alice Springs -- Periodicals

Publisher name

Alice Springs Town Council

Place of publication

Alice Springs


Annual Report



File type


Copyright owner

Alice Springs Town Council

Parent handle


Citation address


Page content

Alice Springs Town Council 2004/2005 Annual Report Page 29 Financial Snapshot Council finished the financial year in excellent shape. The cash position of Council was adequate to cover all reasonable liabilities and to fund significant reserves. The Reserves are: $000 Infrastructure Reserve 7,370 Sports Facility Reserve 524 Developer Contributions 255 Swimming Pool Development Reserve 38 Unexpended Grants Reserve 1,195 Waste Management Reserve 250 Total Reserves 9,632 A major building project to redevelop the Civic Centre commenced on 1 September 2004 using the significant funds in the Infrastructure Reserve and a commercial loan of $5 million. This project will provide Council with modern facilities from which to service the community and provide the community with a larger Garden Room, other meeting facilities, new public toilets and added parking for use in the CBD. The operating deficit for the year was evidence of Council delivery of local government services to the community of Alice Springs in line with the published Business Plan. Council has maintained its commitment to the following community programs: Roads resurfacing & maintenance Footpaths Cycle paths Landscaping Shade structures Council community facilities upgrades Council plant & vehicle replacement The only funds carried forward for spending into 2005/2006 were tied grants funds for specific projects and the major portion of these were for projects such as the Todd River Walks (to construct walking paths along the Todd River). The operating deficit was over $1 million larger than in the previous year due to increased depreciation as a result of a revaluation of Councils assets 1 July 2004. This increase in depreciation is an indication that more funds are required in the future for the replacement of the municipality infrastructure assets. Fi n an ci al