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Bega Valley Council reported a $9.9M operating deficit in 2024–25 due to accounting changes, not cash loss, as reserves grew to $160.2M.
Bega Valley Shire Council reported a $9.9 million operating deficit for 2024–25, far exceeding the projected $3.2 million surplus, due to non-cash accounting adjustments including asset write-offs and higher depreciation.
Officials stressed the shortfall was not a cash loss, as reserves rose by $20.4 million to $160.2 million.
The council is advancing a draft 10-year recreation strategy to guide future maintenance and upgrades of parks, pools, and sports facilities, with public feedback accepted until November 12, 2025.
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Bega Valley Council reportó un déficit operativo de $9.9M en 202425 debido a cambios en la contabilidad, no a pérdidas en efectivo, ya que las reservas crecieron a $160.2M.