The CEC is funded from a rate levy of five per cent over 12 years. Council’s success in gaining grant funding has ensured that the CEC now represents excellent value for ratepayers. Highlights include the following.
- An additional $250,000 in rate income has been obtained compared to the original proposal because of higher than expected property values.
- Total rate income is expected to be $7.113 million over the life of the CEC.
- To date, Council has obtained $2.35 million in grant funds, adding value to CEC projects, expanding environmental outcomes and saving money for other projects.
- The scope of CEC projects has increased by 33 per cent and funds received from grants to date have exceeded funds obtained from ratepayers.
- CEC works will be undertaken over seven years, while the levy will operate for 12 years. Over the total life of the CEC, grant funds will still account for at least 35 per cent of total income.
- Loan borrowings of $3.8 million will assist to complete the program of works within the anticipated time, meet grant deadlines and create economies of scale by having project staff on board at the one time.
- The CEC is reviewed financially every three months. It is independently audited every year and a report is submitted to the State Minister for Local Government annually.
CEC Project Team
Drawing together a team of multi disciplinary, innovative professionals, who firmly believe working in partnership with the community is the key component for successful environmental outcomes, has been the linchpin to Mosman’s CEC Project. In addition to the community, the team works closely with other strategic partners leading to the acquisition of vital extra grants funding.
For further information about Mosman’s CEC projects telephone (02) 9978 4000 or email environment@mosman.nsw.gov.au.
