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Fighting fund from sale proceeds

Cr Geoff Wise argued the money should be set aside as “rainy day” funding for unforeseen or significant community projects, rather than used to cover day-to-day operational expenses.
Peter Bannan

A PROPOSAL to quarantine proceeds from asset sales into a separate interest-bearing “fighting fund” has been adopted by Murray River Council, despite concerns from council staff about long-term financial management. Councillor Geoff Wise successfully moved a motion directing that all funds from the sale of unwanted or redundant assets be placed into a separate account […]

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