"As a Council, we took appropriate action and implemented a zero overall rates increase in the 2020-21 financial year's Budget," Cr Slade said.

"We also reminded the community of the rates payment agreements that Council offers, enabling people to enter into payment commitments that best suit their circumstances."

Council reported total Income of $68.5m during the 2019/20 financial year (operating Income of $62.4m capital Income of $ 6.1m) and significant contributors to Council's revenue stream were: Rates and utility charges $43.4m Operational grants and subsidies $10.8m Fees and charges $ 2.5m.

Total operating expenditure amounted to $63.8m which $14.8m went to salaries, Materials and Services cost $33.2m Finance costs $ 1.5m and Depreciation $13.9m.

Council also incurred $17.4m in capital expenditure including upgrades to Buildings/Other Structures ($3.5m), upgrades to Parks and Reserves ($2.6m), Water and Sewer infrastructure works ($1.0m) and Roads and Bridges Improvements ($8.5m).

At June 30, 2020 Total Assets were $476.4m Total Liabilities were $ 33.1m leaving a Total Community Equity $443.3m which represents an increase to community equity of $2.5m over the prior year.

The report revealed the council had concessions for the Laura Johnson Home, the Christian Outreach Centre, Good Shepherd Parish and the Cootharinga Society of North Queensland while it had given out $85,000 in community grants and $7000 in RADF grants in the financial years.

In achievements the mayor said Council secured $3.756 million from the Queensland Government to go with a Council contribution of $1.355 million to upgrade the Family Fun Precinct with new shade structures, security upgrades, re-surfacing and irrigation upgrades, new play equipment and exercise equipment and an upgrade to the Aquatic Centre.

There is also $895,000 state funding for the Gallipoli Park Pump Track.

"The development is anticipated to feature a pump track on the southern section of Gallipoli Park, complemented by other structures including a multi-use court, physical exercise/activity zone, shade structures, and extra seating," the mayor said in the report.

New Mount Isa City Council CEO David Keenan said the city remained in a solid financial position, meeting the key financial ratios determined by the Queensland Audit Office.

"Over the past twelve months Council officers have been refining the budget process and it is likely that there will be more scrutiny applied to all aspects of financial management in the short, medium and long term," Mr Keenan said,

"Council has continued to deliver quality capital works, with many of these works receiving funding from the other two levels of government, meaning that rate payers funds are being matched wherever possible.

"The completion of the Isa Street Bridge was one of the largest capital works projects undertaken by Council and was delivered on time and on budget. Involving more than $7 million dollars, 30,490 hours of construction and more than 39 contractors."

The report also listed the salaries of elected officials in 2019-2020 with expenses and reimbursements in brackets

Apr-Jun 2020 Mayor Cr Danielle Slade $24,998 ($101)

Deputy Mayor Cr Phil Barwick $80,400 ($1098)

Apr-Jun 2020 Councillor Kim Coghlan $12,374 ($101)

Councillor George Fortune $67,000

Councillor Paul Stretton $67,000

Councillor Peta MacRae $67,000 ($1,375)

Councillor Mick Tully $67,000

Jul-Mar Mayor Joyce McCulloch $137,322 ($11,446)

Jul-Mar Councillor Jean Ferris $54,110

Executive salaries are not listed but the CEO is in the band of $200,000-$300,000 while executive directors are in the band of $100,000-$200,000.

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