A $400,000 reduction in insurance costs has highlighted how the City of Bunbury is striving to identify savings across the organisation while also getting the best value for services in a competitive marketplace.
Bunbury City Council last night agreed to reviewed insurance services that will cost $414,000 less in premiums than it paid in 2016-17, which Mayor Gary Brennan said was a significant saving.
“Our staff have identified a saving that will have a tangible impact on the City’s finances going forward,” Mr Brennan said.
“It is just one of many examples where our staff have been able to bring about cost reductions in recent months. Another illustration of this is our fuel costs, which are expected to be $146,000 under the estimated spending in this area for 2016-17.”
The City’s financial position continues on a strong path with income $887,000 greater than the year-to-date budgeted figures.
Mr Brennan said a focus on productivity and staff identifying savings continued to play a major role in keeping the City on the right financial track.
The identified savings come as Council last night adopted its fees and charges for 2017-18 with the overall increase kept to just 1.3 per cent.
“Keeping this figure as low as possible is very pleasing, as are a number of initiatives that give our community more choice when it comes to such things as memberships at the South West Sports Centre, street trading licences and even mobile bin cleaning,” Mr Brennan said.
“Many of our services will not experience a price rise at all, such as waste charges, the hiring of spaces at Bunbury Regional Art Galleries and also charges relating to the use of some public sporting facilities.”
Council is also well into its Budget process for the 2017-18 financial year, with its adoption to take place in July.