The projected total revenue of $7,902,000 and total expenditure of $7,862,000 for the 2012/13 financial year. The budget includes capital expenditure of $669,100 for the year. Depreciation expense in financial year 2012/13 is expected to be approximately $1.4 million.
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The Minister for the Environment, Robyn Parker, has awarded $1.5m million to the Board for continuation of the island's weed eradication program. The three year funding agreement through the NSW Environmental Trust will give the eradication program a huge boost and create major employment opportunities on the island.
Regulated routes are generally those routes linked to Sydney (Kingsford Smith) Airport which have fewer than 50,000 passengers annually. Currently there are 14 regulated routes and the licence period for these services expires in March 2013. The new licences will start in March 2013.
Construction works on the new LHI Powerhouse have continued over recent months with the new building on schedule for completion in Mid June.
The project was approved with 15 conditions.
Given the significant capital investment required to implement the Road Map the LHIB Administration has developed a funding strategy based on utilising a combination of NSW Treasury Loans, seeking NSW Government Capital Works funding and electricty tariffs.
The group discussed a range of options to increase participation such as more sporting events and social competitions.
The program, being run by Sharon Chapman with the support of the NSW TAFE Outreach program provides participants with new computing skills such as emailing and web browsing.
The forum, which will be held from 30 April to 4 May 2012, will bring together small island communities from around Australia and internationally to discuss common challenges in terms of their economic, social and environmental futures.
The second tracking map has now been received and the juvenile turtle appears to be travelling well and has been transmitting data for 38 days.