For the first time, in a long time, Wingecarribee Council has recorded financial losses.
The 2020/21 annual financial statements show a deficit of more than $700,000 and the General Fund also reported a deficit of $4.3 million.
Below are a number of factors which havelead to this:
* Cattle put through at the Southern Regional Livestock Exchange down due to COVID ($446k)
* Tulip Time revenue down due to COVID ($400k)
* Unplanned terminations & redundancies ($893k)
* Refunding fees received from Welcome Centre ($121k)
* Independent Reviews and Audits ($115k)
* Workers compensation insurance premium increases (by $500k to $1.9 mill).
Image: Wingecarribee Council