Reserve Funds - Use for Another Purpose and Change of Purpose

Published: Tuesday, 7 April 2020 at 11:15:00 AM

Reserve Funds - Use for Another Purpose and Change of Purpose

Notice is hereby given that, in accordance with Section 6.11(2) of the Local Government Act 1995, the Shire of Plantagenet intends to use money in reserve accounts for a purpose different to that intended.

The Council undertook a formal review of its reserve funds at its meeting held on 24 March 2020. It was resolved as follows:

That the balance of the Plantagenet Medical Centre Reserve be transferred to the Mount Barker Memorial Swimming Pool Revitalisation Reserve to enable progress on the re-development of the Mount Barker Memorial Swimming Pool. It is intended to take out a loan to fund the extension of the Medical Centre so those funds can be re-deployed.

The purpose of the Drainage and Water Management Reserve will be expanded to include major drainage works and projects identified in the Shire of Plantagenet Water Strategy 2020. Further, the purpose of the Major Projects and Renewals Reserve will be expanded to include concept planning and working drawings for projects, to be determined by the Council.

 

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