Murrindindi Shire Council looks likely to lose about quarter of a million dollars in this financial year.

The Council’s inability to produce its promised surplus was revealed in papers delivered at last week’s Shire meeting held at Alexandra.

Council’s expected deficit for the 2018-18 year is now $233,376.

Councillors last year announced in the Shire’s original budget that they expected a nominal $1534 surplus.

Total expenses for the 12 months have blown out by $1.5 million to $35,965,236.

Expected annual revenue for the year is $35,508,015.

Murrindindi Council has overspent on its materials and services by almost $2 million. The original budgeted amount was.$9,798,106. The revised budget amount is $11,545,557.

“The $14.37 million operating result for the December 2018 quarter is $239,776 or 2per cent unfavourable to the year to date budget,” said last week’s report to Councillors.

“Trade and Other Receivables shows an unfavourable year to date variance of $571,303. This is predominately due to Rate Debtor collections which are tracking under budget,” the report says.