Statement on Central Coast Council
Shelley Hancock – Minister for Local Government
Tuesday, 6 October 2020
Central Coast Council has today advised the Office of Local Government (OLG) that it is in a “serious financial situation and faces an immediate and serious liquidity issue”.
I have instructed the OLG to appoint an independent financial expert and a Human Resources adviser to ascertain Council’s true financial position and identify options to address the issues as quickly as possible.
OLG has already held discussions with the Council’s CEO and senior staff and will continue to closely monitor the Council to ensure its ongoing sustainability.
The Council’s audited annual financial statements are due to be formally lodged with the OLG by November 30. The audit will be conducted by the NSW Auditor-General.
MEDIA: Nicholas Story | 0438 255 020
| PDF Version | Ministerial Media Release – 6 October 2020 |