Moonee Valley Council capital works in danger from COVID-19 revenue loss
Moonee Valley Council’s revenue and capital works program have been decimated by the disastrous coronavirus pandemic – with many projects delayed and restricted.
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Capital works projects will be put on the backburner in Moonee Valley next financial year due to the coronavirus pandemic.
The council is projecting a loss of $6.4 million of revenue due to Victoria’s ongoing lockdown for the for 2020/21 financial year.
The figure is based on an assumption council services will not fully resume until January 2021.
However, the council is also projecting a reduction in operating expenses of $4.4 million, which will partially offset the revenue decrease.
The capital works program for 2020/21 has been revised down to account for the change in revenue and to allow projects to be delivered with restrictions in place.
Capital works projects that were identified as no longer feasible for this financial year have been deferred to a later year in the long-term capital works program.
The council did not answer the Leader questions on which specific projects had been revised down or impacted.
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The council’s chief officer Bryan Lancaster said like many other municipalities, Moonee Valley was not immune to the impacts of the coronavirus.
“Despite the challenges, we’re still delivering services to our residents and a shortfall in revenue won’t impact our commitment to do so,” he said.