Kiama Council today received the finalised variation to its Performance Improvement Order (PIO) from the NSW Minister for Local Government Hon Ron Hoenig MP.
The variation to the PIO will be discussed at an Extraordinary Council Meeting this Monday (27 May).
The varied PIO requires Council to take a number of actions over the next three years to improve its operating performance.
These include:
- Implementing a new Strategic Finance and Governance Improvement Plan, to include a three-year financial strategy.
- Reviewing the timing of service reviews and revenue opportunities to assist moving the surplus budgets.
- Continue to investigate and pursue opportunities from property holdings and investments.
The varied PIO will be discussed at an Extraordinary Council Meeting this Monday (27 May):
https://www.kiama.nsw.gov.au/meetings
CEO Jane Stroud said preparation of the Strategic Finance and Government Improvement Plan had commenced.
"This is a reasonable and well-thought- out intervention by the NSW Government. We simply need to fix our structural deficit and live within our means," Ms Stroud said.
"The PIO gives a strong mandate to making difficult decisions and binds this Council and the next incoming Council after elections."
"Our latest budget and long-term financial plan are both based on the parameters of the PIO, including delivering a balanced budget."
"The next step is to provide a finalised Strategic Finance and Government Improvement Plan to Councillors for endorsement at their meeting in June."
Council is required to provide bi-monthly progress reports on the latest PIO to councillors and the NSW Government.
