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Hurstville City Council releases its draft Financial Statements

Posted 23 September 2010 by (Hurstville News)

The statements include a $7.02 million operating surplus.

Mayor of Hurstville, Cr Philip Sansom said he was pleased that Council is once again operating in the black.

“This is a great result for Council,” he said.

“Last year, due to the global financial crisis, Council’s structured investments were impacted upon.

“I’m delighted that 12 months down the track, Council has turned this deficit around to record a $808,000 cash surplus.”

Mayor Sansom said that Council worked diligently to return to a strong financial position without any cuts to day-to-day services.

“The community continued to receive high level services which they richly deserve and expect,” he said.

“During this time, Council completed a number of major projects including Kingsgrove Community Centre and upgrade to Penshurst Commercial Centre.

“Additionally, Council also commenced work on the new Hurstville Transport Interchange and second pedestrian access to Hurstville railway station.”

Mayor Sansom said all of the projects greatly benefitted the community and improved the amenity of the local government area.

“Council is committed to maintaining and improving the City of Hurstville for residents of all ages,” he said.


Media contact:
Tanya Abraham
Manager Public Relations and Events
9330 6008 or 0411 748 953