KINGSTON Council has had to find an extra $3.1 million to fund projects from its 2022/2023 budget.
Around $16 million is needed to fund works that have carried over from 2022/2023 to 2023/2024, although most of that can be covered by an underspend on projects.
A report prepared by Kingston Council officers read that council spent $69.1 million of its planned $80.1 million capital works budget. The $10.9 million in unspent capital funds, paired with $2 million in grant revenue, will make up $12.9 million of the carryover budget.
At their most recent public meeting, Kingston councillors approved the carryover budget, The $3.1 million will be funded using a $1.5 million 2022/23 surplus, $1.2 million from its reserves, and $400,000 from a newly created capital reserve.
The funding will be used on works at Peter Scullin Reserve. Money is also being spent on the Mentone Foreshore precinct, foreshore infrastructure renewals, and Don Tatnell site management.
First published in the Chelsea Mordialloc Mentone News – 4 October 2023
