Parramatta. Council surplus

Parramatta City Council showed an operating surplus of $4.743 million, in the 2008/09 financial year. “This is noteworthy because we started the year under considerable financial pressure, with a strong expectation of a significant operating loss,” said CEO, Dr Robert Lang. The primary reasons for the surplus increase were a focus on containing costs, the receipt of additional grants and better than expected returns on investments, in the final quarter.