SHIRE OF GOOMALLING NOTES TO AND FORMING PART OF THE BUDGET FOR THE YEAR ENDED 30 JUNE 2018
9. CASH BACKED RESERVES (Continued)
In accordance with council resolutions in relation to each reserve account, the purpose for which the reserves are set aside are as follows:
Reserve nameAnticipated date of usePurpose of the reserve
Long Service LeaveongoingTo be used to fund Long Service Leave Requirements
Mortlock LodgeongoingTo be used for maintenance and improvements to the Mortlock Retirements Units
Plant ReplacementongoingTo be used for the future replacement of plant
Staff HousingongoingTo be used for the maintenance, upgrading and construction of new housing for Council employees or public rental housing
Aged Care ReserveongoingTo be utilised to provide of the needs of the aged.
Vehicle ReserveongoingTo be used for the purchase of motor vehicles and utilities if at a future date Council ceases to lease the same
Sewerage ReserveongoingTo be used to maintain and upgrade the sewerage scheme in the Goomalling Town site
Community Bus ReserveongoingTo be used to purchase a new Community Bus when the time arises
Lcdc ReserveongoingTo be used to fund Landcare Activities
S/Pool Revitalisation Reserve30/06/2018To be used to fund Revitalisation of the Swimming Pool
Emergency Fund ReserveongoingTo be used to fund any catastrophic emergency event with the Shire of Goomalling
S&R Co-Ordinator Al & Lsl ReseongoingTo be used to fund the S&R Coordinators annual and long service leave