INDIGO Council has delivered an operating surplus of $3.8 million for the 2012-13 financial year.
And on a cash basis, it ended the year with $6.8 million in cash and investments — about $4.3 million more than forecast in the budget.
Its capital works budget came in at $6.89 million, far less than the $10.6 million intended.
The figures form part of the council’s annual report, tabled at the council’s meeting this week.
The financial statements show the council managed to retain a surplus, though lower than the $7.19 million delivered in 2011-12.
About $12 million was collected in rates, $757,000 in fees and fines, and $4.5 million in capital grants.
But the report states that the capital works delivery program was much lower than previous years “almost entirely” due to delays with the new council offices projects at Beechworth and Yackandandah.Funds intended for roads and open space were also diverted to help pay an extra $370,000 to the defined benefits superannuation fund shortfall that many councils across Victoria inherited earlier this year.
The full annual report can be viewed online at indigoshire.vic.gov.au.