Glen Innes Severn Council Under Scrutiny Over $5 Million Overdraft
A $5 million overdraft facility taken out by Glen Innes Severn Council has drawn criticism from some councillors, who have raised concerns over transparency and compliance with local government procedures. At a council meeting on Thursday, 24 April, General Manager Bernard Smith defended the facility, which was extended by the National Australia Bank in 2024. Mr Smith said the overdraft had been established to manage cash flow while the Council awaited reimbursement for already completed and paid-for grant-funded projects. "Importantly, the facility hasn't been drawn down," Mr Smith told councillors during the meeting. Although Council already had an existing $200,000…
