Intention to Borrow Funds

Published: Wednesday, 25 March 2020 at 10:36:20 AM

In accordance with section 6.20 of the Local Government Act 1995 notice is hereby given that Council intend to borrow $1,000,000 for the purposes of combatting the COVID-19 pandemic.

 

The intended purposes of borrowing the funds is in relation to mitigating the effects of COVID-19 and include but are not limited to;

 

  • Additional unbudgeted employee costs, including, potentially the need to recruit additional permanent or temporary/casual employees to undertake additional functions, to cover for current employees on extended sick leave or carer’s leave due to COVID-19
  • Additional insurance expenditure due to COVID-19
  • Additional equipment costs to ensure the Shire can respond to a variety of issues and scenarios
  • Potential need to support ongoing community services, functions and facilities
  • Stockpiling larger quantities of goods than normally would be required
  • Provision of generators and fuel tanks for operations
  • Provision of additional funding to ST JOHN’s for integrated medical services

 

Submissions on the intention to borrow the funds should be addressed to the Chief Executive Officer and submitted to the Shire by 4pm Thursday 30th April 2020.

James Trail

Chief Executive Officer

25 March 2020

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