Establishment of a new reserve account and to change the use of other reserves funds to fund this new reserve.

Published on Wednesday, 1 February 2023 at 11:53:34 AM

Local public notice is hereby given for an establishment of a new reserve account and to change the use of other reserves funds to fund this new reserve.

Reserve Accounts 2022/2023

In accordance with Section 6.11. of the Local Government Act 1995 – Reserve Accounts

(1) Subject to subsection (5), where a local government wishes to set aside money for use for a purpose in a future financial year, it is to establish and maintain a reserve account for each such purpose

 (2) Subject to subsection (3), before a local government — (a) changes* the purpose of a reserve account; or (b) uses* the money in a reserve account for another purpose, it must give one month’s local public notice of the proposed change of purpose or proposed use.

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At a Special Meeting held on the 31^st January 2023, it was decided that Council:

1. Establish a new reserve account as follows:

1. Change the use of the money in various reserve accounts by approving the following transfers from the reserves to the Norseman IGA and Norseman Post Office Agency Reserve:

Peter Fitchat

Chief Executive Officer

1^st February 2023

The CEO will give effect of this notice 1 month from which this notice is dated.