These changes which relate to external grant revenue and transfers between operational and capital projects will be brought to council during Thursday's meeting.

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The adjustments were made by the City of Launceston chief officer during May, 2022.

The operations will increase from $17,609,000 to $17,784,000 and capital will increase from $47,811,000 to $47,986,000 with a deficit of $7,035,000.

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Further adjustments have been made which do not require a council vote, including $50,000 to a basketball half court for Coronation Park.

Other changes include a decrease in operations expenditure of $175,359 and an increase to funded expenditure of $175,359.

The money will be taken out of the following projects, first the flood defence infrastructure works will have $25,949 transferred from its budget to operations and the Glenwood road safety improvements budget will have $47,186 transferred to operations.

Several areas will have their budgets altered to have funds transferred to capital.

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The Invermay levee had a significant risk discovered which required immediate attention and due to the unexpected works $181,765 needed to be transferred for an emergency storm water management project for Ellison Street and Corin Street stormwater projects.

Operations to capital transfer totals $248,494 which included almost $60,000 for six cross lifts, which will come from the road surfaces bridge and road maintenance budget.

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Two items were needed for the Planetarium and Queen Victorian Museum and Art Gallery for safety issues.

A Planetarium Zeiss projector lift needs $3634 from the Planetarium operation budget and QVMAG need a glass carrying trolley which will see $3630 from the Art Gallery maintenance fund.

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