Coliban outlines plans for new financial year

COLIBAN Water is committed to providing a collaborated and transparent service to the community, corporation chairman Andrew Cairns says.   

More than 25 people attended an annual public meeting at the La Trobe University Visual Arts Centre on Thursday to hear about the corporation's plans for the new financial year.

Mr Cairns said the corporation was working to improve its sustainability and had been successful in reducing its operation costs on a year-to-year basis.

"We want to understand what the prioristations are at a local level. We want to make sure we understand what is important," he said. 

"But we're also realistic about our capability. We can't do everything at once but we are working our way through the major issues as we go through a transformation period. 

"And that transformation period will get us to the point where it's important to have a sustainable water authority to underwrite the investments and considerations you do in your home, your business or within your community."

Coliban Water has a capital investment capacity of $47 million for the 2014/2015 financial year, with $47 million of the budget allocated to the Harcourt Rural Modernisation Project. 

Residential urban water and waste water charges had an overall average price rise of 4.6 per cent, 1.7 per cent above the consumer price index, while rural water charges had an increase of 2.9 per cent, the CPI only. 

The operating budget for the 2014/15 financial year has a total revenue stream of $117.2 million. 

Managing director Jeff Rigby said the corporation had gone through two major reshuffles, with a decision made by the Essential Services Commission in 2013 and an efficiency initiative Fairer Water Bills. 

Victorian Environmental Water Holder chair Denis Flett was a guest speaker. 

For more information visit, www,colibanwater.com.au 

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