Despite another year of economic uncertainty, ongoing supply chain challenges and labour shortages, Toowoomba Regional Council maintained its focus on delivering services for residents across the 2022/23 financial year.
Council’s 2022/23 Annual Report, which was adopted at today’s (Tuesday, October 24, 2023) October Ordinary Meeting of Council, also reported Council’s progress against the objectives listed in its Corporate Plan 2019-2024.
Toowoomba Region Mayor and Finance and Business Strategy Committee chair Cr Geoff McDonald today thanked fellow Councillors, Council’s executive leadership team and staff across all operational areas for their efforts across another challenging year.
Mayor McDonald said it was especially pleasing to highlight Council’s disciplined financial management had resulted in the Queensland Treasury Corporation (QTC) maintaining its verdict of a ‘Sound’ credit rating with a ‘Neutral’ outlook.
“Council closed out the 2022/23 financial year, with less than a 1% variance on our revised capital expenditure budget,” Mayor McDonald said.
“Given the current economic environment and the way prices have fluctuated so much over the past couple of years, this was an excellent result from our staff.
