Club financial update

THE Millicent and District Community Club is one of three deputations that will be up for discussion at tonight’s monthly Wattle Range Council meeting.

Community club management committee chair Matt Hann and Quentin Pietsch will outline a financial update on the repayments of its community loan to council, currently around $194,000.

Council first struck a community loan with the club in 1997, with the $400,000 loan expected to be paid out in the 2017/18 financial year.

The loan has been refinanced on two occasions, first in 2002 for $504,313 and secondly in 2016 for $366,479.

Following the last revision, the expected date to pay

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