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City of Bunbury

Integrated Financial Plan - Part A

Financial Years:

Tuesday, 16 May, 2017

2017-18 to 2031-32

Provides a summary of the key elements of the Integrated Financial Plan

including an Executive Summary, Financial Overview,

Workforce Plan, and Asset Management Plan

Integrated Financial Plan 2017-18 to 2031-32

BACKGROUND

Our Planning Framework 8

Consultation and Engagement 8

Vision, Mission and Core Values 9

Context and Key Statistics 9

Our Core Services, Processes and Service Delivery 10

Strategic Planning Relationship 10

Table of Contents

WORKFORCE PLAN

Workforce Plan Strategies 47

Corporate Structure 48

Purpose of the Plan 3

Executive Summary 3

Key Projects 4

FINANCIAL OVERVIEW

Financial and Budget Type Summary 12

Key Assumptions, Sustainability Measures and Financial Indicators 14

Statutory Statements 24

Base Operating 31

Reserves 33

ASSET MANAGEMENT PLAN

Asset Management Plan Assumptions and Ratios 49

Asset Management Plan comparison to Integrated Financial Plan 52

Capital Expenditure by Asset Class 57

SCENARIO MODELLING and SENSITIVITY ANALYSIS

Scenario Models 42

Scenario Graphs and Analysis 43

RISK MANAGEMENT PLAN

Risk Management Overview 40

Risk Consequences Likelihood Matrix 41

Glossary of Terms 89

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Purpose of the Plan

The City of Bunbury's Integrated Financial Plan is aligned to our Strategic Community Plan and details

what the Council proposes to do over the next fifteen (15) years to ensure the City's financial viability.

Information contained in our Asset Management Plan and Workforce Plan has informed the

Integrated Financial Plan, which will form the basis for the preparation of our Annual Budget.

The Integrated Financial Plan is a dynamic document that analyses financial trends over a fifteen (15)

year period, based on a range of decisions and assumptions which provide the City with information

to assess resourcing requirements to achieve its strategic objectives and ensure its future financial

viability.

The Integrated Financial Plan covers the period 2017-18 to 2031-32. The plan is based on a high level

of detail in the first four (4) years underpinned by a number of assumptions and resolutions of Council.

The remaining years are shown with indicative forecasts.

It is important to note that the Integrated Financial Plan will be reviewed on an annual basis, in line

with the budget process, for each ensuing financial year. This will ensure that the projects included

reflect current Council priorities and anticipated funding availability.

Gary Brennan

Mayor

Andrew Brien

Chief Executive Officer

Executive Summary

The Integrated Financial Plan (IFP) provides the Bunbury community a plan to deliver the vision, goals and

objectives of the Strategic Community Plan. It incorporates the requirements of the ‘Integrated Planning

and Reporting Framework’ for local governments to have a Corporate Business Plan for the next four years

and also a long term financial plan which covers the next fifteen years.

The IFP demonstrates Council’s financial capacity to deliver services, provide facilities and manage assets

that will sustain the Bunbury community into the future.

Due to the comprehensive information provided, the IFP is divided into three sections. Part A provides a

summary of the key elements of the IFP including financial analysis and an overview of both the City’s

Work Force Plan and Asset Management Plan. Part B highlights the first four years (2017/18 to 2020/21)

under the Corporate Business Plan detailing core operations, and operating and capital projects in relation

to Council’s goals and objectives. Part C details the fifteen year long term financial plan (2017/18 to

2031/32).

Key projects contained within the fifteen years of the IFP, shown on pages 4, 5 and 6, include:

· Renewal of infrastructure assets including: roads, paths and drainage

· Renewal or refurbish of community, sport and leisure buildings

· New multi-sports pavilions

· Construction of a new depot

· Construction of a multi-purpose cultural centre

· Construction of a Lotteries House

· Design and implementation of Leschenault Inlet Master Plan Precinct 3 - City Square

Based on previous Council resolutions and agreed key assumptions, the IFP is fully funded. The City’s own

source of funds includes rates, fees and charges and reserve funds. It is also is dependent on external

sources of funds including State Government and Federal Government Grants, contributions and loan

borrowings.

Key financial assumptions underpinning the IFP, shown on page 14, include:

· Existing service levels will be reviewed with a view to improve in the long term

· Rate increases are limited to 4.5% each year. This comprises a 3.5% general rate increase and an

additional 1% raised specifically for the development of infrastructure for the next 4 years.

· New loan borrowings of $3M in 2017-18 and $1M in both 2018-19 and 2019-20 are required. Total loan borrowing will peak at $17.1M in 2017-18 and reduce to nil by 2029-30. No other loan funds are proposed at this stage.

· Annual operating deficit forecast of $5.0M in 2016-17 will reduce to $0.4M in 2022-23. From 2023

-24 the City has an operating surplus.

Capital expenditure included in the IFP is guided by the Asset Management Plan’s focus on asset renewal

to maintain the community assets to an acceptable condition. While the funding gap between what needs

to be spent on asset renewal, and the funding capacity of the City, is not able to be addressed

immediately, the funding gap does reduce over the life of the IFP. The commitment to reduce the asset

renewal gap is demonstrated by allocating $164M (72%) of the $228M total capital expenditure to capital

renewal.

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Key Projects

The following key projects are projected to be delivered through to 2031/32:

Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast

2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27 2027-28 2028-29 2029-30 2030-31 2031-32

Forecast

Capital - Renewal

PR-3665 Koombana Bridge (Bridge 1319) general maintenance

400,000

PR-3694 Renew Parade Road

105,000 120,000 135,000

PR-4015 Improve City's Landscaping, Parks, Gardens and Entry Statements

325,000 325,000 325,000 325,000 325,000

PR-1225 Reconstruct roundabout Strickland Street / King Road, East Bunbury

350,000

PR-1301 Replace playground equipment 2017/18

138,500

PR-4053 Renew pump station, Stubbs Close

750,000

PR-2385 Renew foreshore marine walls - Leschenault Inlet

800,000 800,000 800,000

PR-1385 Replace volunteer/staff facilities, animal hospital, toilets, feed store and preparation area at Bunbury Wildlife Park

214,000

PR-1184 Reseal Spencer Street, South Bunbury (Beach Road to Clarke Street)

180,000

PR-4273 Re-construct pavement Halifax Drive (Monkhouse Street to Shanahan Road), Bunbury

280,000

PR-3748 Ocean Beach Sewerage Pit and Pumps

110,000

PR-3999 Renew South West Sports Centre (SWSC) aquatic tiling

600,000

PR-1111 Reseal Picton Road, East Bunbury

300,000

PR-1204 Reconstruct section and improve drainage Columba St, South Bunbury

200,000

PR-3684 Reseal Acacia St, Pickersgill St, Simpson Ave, Sherry St, Swansen Pl and Macnish Cl

514,000

PR-1112 Reseal and repair pavement Sandridge Road, East Bunbury (King Rd to Eelup RAB)

300,000 300,000

PR-4051 Renew pavement and drainage, and re-seal Victoria Street

1,000,000

PR-3983 IFP - Renewal Roads as per AMP

1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000

PR-1122 IFP - Reseal roads projects (yet to be determined) for Roads to Recovery

408,000 408,000 408,000 408,000 408,000 408,000 408,000 408,000 408,000 408,000 408,000

PR-2403 Replace Forrest Park Pavilion

1,000,000

PR-2402 Replace or refurbish Eastman Pavilion at Recreation Ground Bunbury

625,000

PR-4001 Renew Ned Myles Pavilion, Hay Park

300,000

PR-3450 Refurbishment / replacement of seating at the Bunbury Regional Entertainment Centre

300,000

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Key Projects



2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27 2027-28 2028-29 2029-30 2030-31 2031-32

Forecast

Capital - Renewal

PR-2408 Replace athletics track surface

1,000,000

PR-4000 Renew Kit Keddie Pavilion, Hay Park

500,000

Capital - Upgrade

PR-2421 Construct stormwater quality and capacity improvements - Horseshoe Catchment East Bunbury (Design PR-1931)

19,525 1,481,095

PR-4112 Upgrade facilities to meet the goal of becoming the Most Accessible Regional City in Australia by 2020

100,000 100,000 100,000

PR-1205 Upgrade intersection of Parade Rd and Knight St, South Bunbury to a roundabout

450,000

PR-2634 Implement Big Swamp Masterplan

200,000 100,000

PR-4027 Upgrade Hay Park North Sewerage Infrastructure - Stage 2

120,000

PR-3901 Improve Parade Road bus stop

204,000

PR-1103 Realign and widen Ocean Drive, South Bunbury (Hastie St to Hudson Rd)

750,000 750,000 750,000 750,000

PR-3404 Refurbish community buildings

235,000 250,000

PR-1109 Upgrade street lighting on Sandridge Road, East Bunbury (Picton/King to Blair)

210,000

PR-3449 Construct Forrest Avenue and Blair Street intersection slip lane

750,000

PR-1207 Improve intersection capacity and layout, Scott St / Ocean Dve, Bunbury

300,000 300,000

PR-1188 Reconstruct, widen and improve drainage on Estuary Drive, Pelican Point (St Andrews to Railway crossing)

750,000 750,000

PR-4029 Upgrade lighting to Hay Park South, Soccer Premier Pitch

200,000

PR-1229 Install 4-way traffic control system at Blair St and Strickland St intersection

60,000 300,000

PR-1201 Modify intersection geometry and install traffic control signals at South West Highway / Dodson Road

750,000 750,000

PR-3998 Renew South West Sports Centre (SWSC) aquatic changeroom amenities

300,000

PR-1106 Upgrade street lighting on Blair Street, Carey Park (Clarke St to Forrest Ave)

150,000

PR-1222 Construct roundabout for intersection of Vittoria Road and Woodley Road, Glen Iris (Design PR-1221)

300,000 300,000

PR-2371 Modify intersection Haley Street, Prinsep Street and Carmody Street, Bunbury (Design PR-1091)

600,000 600,000

PR-3984 IFP - Upgrade Roads as per AMP

300,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000 1,550,000

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Key Projects



2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27 2027-28 2028-29 2029-30 2030-31 2031-32

Forecast

Capital - Upgrade

PR-3670 Upgrade Spencer Street, Stirling Street & Arthur Street (dedicated turning lanes)

450,000 750,000

PR-1261 Upgrade streetscape Victoria Street (Carey Street to Wollaston)

550,000

PR-1263 Upgrade paving Stephen St (Victoria St to Arthur St)

250,000

PR-1187 Widen and improve alignment of Adam Road, South Bunbury

400,000

PR-1895 Construct roundabout Vittoria Road and Erica Entrance, Glen Iris (Design PR-1234)

600,000

PR-3664 Upgrade and widen King Road (Stage 1 - Strickland St to Herbert Rd, Stage 2 - Herbert Rd to Austral Pde)

450,000 550,000

PR-3720 Hands Memorial Oval Master Plan Stage 2

500,000 500,000 500,000

Capital - New (Expansion)

PR-3887 Construct Community Fishing & Crabbing Platform Jetty Road Koombana Bay

208,000

PR-4145 Expand and upgrade Koombana Bay Foreshore

4,738,934 8,035,700

PR-1248 Construct new depot building to replace existing depot (Design PR-1246)

2,000,000 3,000,000

PR-4272 Culvert and Backfill 5 Mile Brook, Hay Park Community Hall

205,500

PR-1252 Redevelop Stirling Street Arts Centre

3,000,000 3,000,000

PR-1484 Expand cycleways 2017/18 to 2019/20 (implement Bunbury Bike Plan)

200,000 200,000 200,000

PR-3395 Provide lighting to Hay Park South, Rugby Premier Pitch

200,000

PR-2790 Undertake design and assessment for the implementation of Leschenault Inlet Master Plan (LIMP) Precinct 3 - City Square

250,000 10,980,196

PR-2392 Construct multisport pavilion, Hay Park (North)

2,000,000

PR-1809 Construct multisport netball and athletics pavilion - Hay Park (Central)

2,000,000

PR-1856 Install ablution facility (toilet block or Exeloo) in Elliot Street, Bunbury

300,000

PR-3455 Construct a Lotteries House

7,500,000

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Background

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Our Planning Framework

Council's strategic management planning documents include:

> Strategic Community Plan

> Integrated Financial Plan (incorporating the Corporate Business Plan and Long Term Financial Plan)

> Asset Management Plan

> Workforce Plan

The accompanying diagram depicts our strategic planning and performance management framework, and

describes the linkages between all relevant planning documents.

Consultation and Engagement

"Bunbury 2030 - Your City, Your Say" was part of a collaborative community engagement and planning initiative

that underpinned the development of our Strategic Community Plan, Corporate Business Plan, and Long Term

Financial Plan. This process has helped shape the future of Bunbury and surrounding communities as they

approach what is anticipated to be a continuing period of growth.

Residents of the City were asked to imagine what the places they live in could look like in the future and what

people want in their communities.

The Council conducted an extensive community engagement process and a series of workshops with the

outcomes of these workshops combined with previous planning studies forming the basis for the development of

strategic objectives and actions outlined in Councils strategic planning documents.

The region is poised for significant growth in the coming decades and the Council and its community partners are

committed to ensuring that consultation and engagement is a vibrant and successful process.

"Bunbury 2030 - Your City, Your Say" was about responding to growth opportunities in a positive manner and

connecting the region's proud past with its future.

Ongoing workshops will be undertaken during the life of our Strategic Community Plan to ensure continuing

input from all stakeholders.

"The future is not some place we are going to,

but one we are creating"- John H. Schaar

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Vision

Bunbury will continue to be recognised as the capital City of the South West region, with a strong and diverse

economy offering a safe, friendly and vibrant lifestyle within an attractive natural and built environment.

Mission

We will engage with the community to ensure we provide services and facilities that improve the quality of life of

our residents and visitors.

Core Values

We will act in accordance with the following values in all of our decisions and actions:

● Leadership - empowering people to take responsibility for what they do and to strive to set an

example for others to follow

● Integrity - establishing trust through openness and honesty

● Accountability - for our actions and performance

● Respect - for others by listening, understanding and responding appropriately

● Innovation - continually improving our services and processes through creative and

progressive thinking and action

● Teamwork - communicating and working cooperatively for the mutual benefit of all

Context and Key Statistics

The City of Bunbury is located in the South West of Western Australia about 180 kilometres south of Perth.

It is one of the fastest-growing regional cities in Australia and has been dubbed the second capital city of

Western Australia by successive State Premiers.

Bunbury’s population is estimated at almost 32,000, and this continues to grow steadily at an annual rate of

2%. The Bunbury Geographe region includes the City of Bunbury and Shires of Harvey, Dardanup, Capel,

Collie and Donnybrook-Balingup and has a population of approximately 96,000 residents. The South West

region, to which Bunbury acts as a hub, has a total population of 130,000.

Whilst the influx of population into the South West region presents new opportunities for development, it

also creates an increasingly competitive land market. This sees community expectations raised and further

demands placed on infrastructure and service provision.

The City is proactively pursuing strategies which strengthen its role and identity as a regional capital and

enhance its image and linkages within national and international arenas.

The quality of life in Bunbury is by far one of its biggest attractions, offering residents a variety of facilities,

schools, shops, pubs and beaches, which are all within easy reach.

The City of Bunbury will continue to develop, grow and improve thanks to these qualities and the massive

potential for investment and growth in our region.

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Service Delivery

It is proposed that existing service levels will be reviewed for all operational activities in the short term, however

the strategic objectives contained in our Strategic Community Plan aspire to setting appropriate levels of service

in the longer term whilst moving toward achieving annual operating surpluses each year to fund the provision of

new and replacement infrastructure.

Service levels will be reviewed on an ongoing basis and the impact of ongoing growth will be monitored and

assessed.

Strategic Planning relationship with the Integrated Financial Plan

The City of Bunbury has prepared its Strategic Community Plan and Integrated Financial Plan using the following

five goals:

Community and CultureEnhancing community well-being and quality of life for the people who live and work in Bunbury.

Transport and InfrastructurePlan and facilitate effective and efficient infrastructure and transport networks to meet the current and

future needs of our community.

Natural and Built EnvironmentGuide development and land use to ensure that future generations enjoy a sustainable city and a genuinely

desirable lifestyle.

Regional EconomyThe key elements that will ensure the future sustainability of Bunbury are a strong economic base that

reflects competitive advantages and key emerging and developing industry sectors. Economic growth will

be achieved through realising opportunities and actively promoting what the City has to offer.

CorporatePlanning and delivering on our Vision is a shared responsibility that will be achieved through the

development of relationships and partnerships with all stakeholders.

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Financial Overview

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ForecastForecastForecastForecastForecastForecastDraft Budget ForecastForecast

2024-252023-242022-232021-222020-212019-202018-192016-17 2017-18

ForecastFinancial Summary

Forecast Forecast Forecast Forecast ForecastForecast

2026-27 2026-27 2027-28 2028-29 2029-30 2030-31 2031-32

Revenue

35,651,231 37,268,319 38,263,164 39,204,238 40,169,803 40,725,632 41,253,842 41,789,751 42,333,487 43,385,698Rates 42,855,988 43,922,726 44,467,190 45,019,202 45,578,881 46,146,347

14,133,726 14,153,202 14,147,202 14,147,202 14,147,202 14,147,202 14,147,202 14,147,202 14,147,202 14,147,202Fees and Charges 14,147,202 14,147,202 14,147,202 14,147,202 14,147,202 14,147,202

2,315,469 2,168,473 2,095,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473Grants and Subsidies - Operating 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473

1,167,059 704,907 691,459 686,016 730,916 675,601 670,060 664,285 654,268 626,779Contributions, Reimbursements and Donations 627,349 627,687 628,943 630,212 631,494 632,790

1,058,718 782,421 782,421 782,421 782,421 782,421 782,421 782,421 782,421 782,421Interest Received 782,421 782,421 782,421 782,421 782,421 782,421

374,735 356,671 356,671 356,671 356,671 356,671 356,671 356,671 356,671 356,671Other Revenue 356,671 356,671 356,671 356,671 356,671 356,671

54,700,938 55,433,993 56,336,390 57,177,021 58,187,486 58,688,000 59,210,669 59,740,803 60,274,522 61,299,24460,770,104 61,837,180 62,382,900 62,936,181 63,497,142 64,065,904

Less Expenditure

)(25,087,053 )(25,654,391 )(25,712,372 )(25,719,372 )(25,712,372 )(25,722,372 )(25,712,372 )(25,712,895 )(25,712,372 )(25,712,372Employee Costs )(25,722,372 )(25,722,372 )(25,712,372 )(25,722,372 )(25,712,372 )(25,722,372

)(14,905,674 )(14,982,680 )(14,664,610 )(15,148,174 )(14,779,022 )(14,724,878 )(15,079,039 )(14,789,296 )(14,825,671 )(14,753,111Materials and Contracts )(15,457,421 )(14,977,431 )(15,413,961 )(15,101,151 )(15,367,941 )(15,785,731

)(747,420 )(766,108 )(768,023 )(768,023 )(768,023 )(768,023 )(768,023 )(768,023 )(768,023 )(768,023Insurance )(768,023 )(768,023 )(768,023 )(768,023 )(768,023 )(768,023

)(812,278 )(806,812 )(826,715 )(750,990 )(680,310 )(573,415 )(392,905 )(345,067 )(248,046 )(118,230Interest Expense )(174,274 )(66,699 )(26,890 )(4,199

)(2,940,482 )(2,927,284 )(2,957,447 )(2,981,127 )(3,005,120 )(3,029,432 )(3,054,072 )(3,079,045 )(3,104,356 )(3,156,020Utilities )(3,130,010 )(3,182,383 )(3,209,104 )(3,236,194 )(3,263,654 )(3,291,499

)(3,582,123 )(2,223,843 )(2,001,876 )(1,970,301 )(1,868,725 )(1,837,149 )(1,792,573 )(1,760,997 )(1,719,601 )(1,682,843Other Expense )(1,687,843 )(1,687,843 )(1,682,843 )(1,687,843 )(1,682,843 )(1,682,843

)(48,075,030 )(47,361,118 )(46,931,043 )(47,337,987 )(46,813,572 )(46,655,269 )(46,798,984 )(46,455,323 )(46,378,069 )(46,190,599)(46,939,943 )(46,404,751 )(46,813,193 )(46,519,782 )(46,794,833 )(47,250,468

Net Revenue (Expenditure) 6,625,908 8,072,875 9,405,347 9,839,034 11,373,914 12,032,731 12,411,685 13,285,480 13,896,453 13,830,161 15,108,645 15,432,429 15,569,707 16,416,399 16,702,309 16,815,436

Capital Revenue

138,934Interest Received on Capital Grants

925,835 304,443 519,446 528,138 419,911 383,993 207,321 532,446 511,240 250,050Proceeds on Disposal of Assets 477,411 235,323 546,446 518,738 391,111 562,077

10,258,909 11,582,770 )(396,163 )(2,292,300 )(2,579,598 )(885,567 )(1,336,827 )(1,567,546 )(2,770,365 )(2,297,066Transfers from Restricted Cash )(1,538,743 )(1,510,025 )(1,461,486 )(2,365,274 )(1,557,615 )(3,113,831

192,261 197,691 149,261 144,179 149,418 154,848 160,476 166,310 172,357 9,499Loan Repayments - Self Supporting 47,774

11,603,582 4,918,100 4,596,333 3,747,333 13,844,862 3,332,666 1,743,333 918,000 418,000 618,000Grants and Contributions - Development of Assets 1,158,000 418,000 1,018,000 928,000 4,568,000 7,918,000

2,305,520 3,000,000 1,000,000 1,000,000Proceeds from New Loans

25,425,041 20,003,004 5,868,877 3,127,350 11,834,593 2,985,940 774,303 49,210 )(1,668,768 )(1,419,517144,442 )(856,702 102,960 )(918,536 3,401,496 5,366,246

Capital Expenditure

)(31,614,386 )(26,149,040 )(13,069,289 )(10,673,844 )(20,996,262 )(12,750,375 )(10,938,374 )(11,240,829 )(10,512,384 )(12,580,471Acquisition and Renewal of Assets )(13,065,485 )(13,870,264 )(15,204,226 )(15,522,386 )(20,134,961 )(22,119,733

)(2,230,770 )(2,300,521 )(2,416,920 )(2,334,721 )(2,226,305 )(2,318,814 )(2,415,638 )(2,144,825 )(1,658,449 )(1,073,015Principal Repayment of Loans )(1,103,373 )(827,371 )(496,551 )(118,740

)(33,845,156 )(28,449,561 )(15,486,209 )(13,008,565 )(23,222,567 )(15,069,189 )(13,354,012 )(13,385,654 )(12,170,833 )(13,653,486)(14,168,858 )(14,697,635 )(15,700,777 )(15,641,126 )(20,134,961 )(22,119,733

Movement in Non-Current Assets and Liabilities

62,100 62,100 62,100 62,100 62,100 62,100 62,100 62,100 62,100 62,100Adjust Non Current Provisions and Accruals 62,100 62,100 62,100 62,100 62,100 62,100

62,100 62,100 62,100 62,100 62,100 62,100 62,100 62,100 62,100 62,10062,100 62,100 62,100 62,100 62,100 62,100

ADD

Estimated Surplus (Deficit) July 1 Brought Forward

Estimated Surplus (Deficit) June 30 Carried Forward

LESS

2,321,428 589,321

277,739

277,739

127,854

127,854

147,773 195,813 207,395 101,471 112,607 231,559 99,404 197,146 137,338 171,328 121,10990,165 245,158

147,773 195,813 207,395 101,471 112,607 231,559 99,404 197,146 137,338 171,328 90,165 121,109

589,321

35,651,231 37,268,319 39,204,238 40,169,803 40,725,632 41,253,842 41,789,751 42,333,48738,263,164Amount required to be raised from rates 42,855,988 43,385,698 43,922,726 44,467,190 45,019,202 45,578,881 46,146,347

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2016-17Budget Type Summary

2017-18 2018-19 2019-20 2020-21

Draft Budget Forecast Forecast ForecastForecast ForecastForecastForecastForecastForecastForecastForecastForecastForecastForecastForecast

2021-22 2022-23 2023-24 2024-25 2025-26 2026-27 2027-28 2028-29 2029-30 2030-31 2031-32

Base Operating

54,079,963 55,221,993 56,208,390 57,144,021 58,655,000Income 64,032,90463,464,14262,903,18162,349,90061,804,18061,266,24460,737,10460,241,52259,707,80359,177,66958,104,486

)(54,491,072 )(56,557,671 )(57,254,296 )(57,341,290 )(58,027,824Expenditure )(61,564,282)(61,046,849)(59,761,231)(59,672,040)(59,364,519)(59,103,217)(58,893,284)(58,546,893)(58,307,326)(58,064,999)(57,799,540

)(411,109 )(1,335,678 )(1,045,906 )(197,269 627,176 2,468,6222,417,2933,141,9502,677,8602,439,6612,163,0271,843,8201,694,6291,400,4771,112,670304,946

Operating Projects

620,975 212,000 128,000 33,000 33,000Income 33,00033,00033,00033,00033,00033,00033,00033,00033,00033,00083,000

)(4,720,702 )(2,504,993 )(1,730,115 )(2,153,696 )(1,332,314Expenditure )(1,588,118)(1,175,118)(1,175,118)(1,496,118)(1,157,118)(943,118)(1,693,118)(1,161,876)(1,209,272)(1,545,528)(1,444,105

)(4,099,727 )(2,292,993 )(1,602,115 )(2,120,696 )(1,299,314 )(1,555,118)(1,142,118)(1,142,118)(1,463,118)(1,124,118)(910,118)(1,660,118)(1,128,876)(1,176,272)(1,512,528)(1,361,105

Capital Projects - Income

12,648,351 5,222,543 5,115,779 4,275,471 3,716,659Income 8,480,0774,959,1111,446,7381,564,446653,323868,0501,635,411929,2401,450,4461,950,65414,264,773

20,000Expenditure

12,668,351 5,222,543 5,115,779 4,275,471 3,716,659 8,480,0774,959,1111,446,7381,564,446653,323868,0501,635,411929,2401,450,4461,950,65414,264,773

Capital Projects - New

)(20,480,012 )(15,609,800 )(4,194,906 )(1,208,000 )(608,000Expenditure )(7,925,000)(8,075,000)(455,000)(2,475,000)(425,000)(575,000)(2,425,000)(639,295)(670,000)(668,000)(11,588,196

)(20,480,012 )(15,609,800 )(4,194,906 )(1,208,000 )(608,000 )(7,925,000)(8,075,000)(455,000)(2,475,000)(425,000)(575,000)(2,425,000)(639,295)(670,000)(668,000)(11,588,196

Capital Projects - Renewal

)(4,812,941 )(6,562,345 )(7,069,383 )(5,288,844 )(8,572,375Expenditure )(12,504,733)(10,369,961)(13,377,386)(11,249,226)(11,250,264)(9,665,471)(9,540,485)(8,047,089)(8,416,329)(7,033,574)(5,868,066

)(4,812,941 )(6,562,345 )(7,069,383 )(5,288,844 )(8,572,375 )(12,504,733)(10,369,961)(13,377,386)(11,249,226)(11,250,264)(9,665,471)(9,540,485)(8,047,089)(8,416,329)(7,033,574)(5,868,066

Capital Projects - Upgrade

)(6,321,433 )(3,976,895 )(1,805,000 )(4,177,000 )(3,570,000Expenditure )(1,690,000)(1,690,000)(1,690,000)(1,480,000)(2,195,000)(2,340,000)(1,100,000)(1,826,000)(2,154,500)(3,236,800)(3,540,000

)(6,321,433 )(3,976,895 )(1,805,000 )(4,177,000 )(3,570,000 )(1,690,000)(1,690,000)(1,690,000)(1,480,000)(2,195,000)(2,340,000)(1,100,000)(1,826,000)(2,154,500)(3,236,800)(3,540,000

Capital Projects - Asset Disposal

)(898,964Expenditure

)(898,964

Total )(24,355,835 )(24,555,168 )(10,601,531 )(8,716,338 )(9,705,854 )(12,726,152)(13,900,675)(12,075,816)(12,425,038)(11,901,398)(10,459,512)(11,246,372)(9,017,391)(9,566,178)(9,387,578)(7,787,648

Summary

Operating

Income

Expenditure

Operating Surplus (Deficit)

Capital

Income

Expenditure

Capital Surplus (Deficit)

54,700,938

)(59,211,774

)(4,510,836

)(59,062,664

55,433,993

12,648,351

)(3,628,671

)(32,513,350 )(26,149,040

5,222,543

56,336,390 57,177,021

)(58,984,411 )(59,494,986

)(2,648,021 )(2,317,965

5,115,779 4,275,471

)(13,069,289 )(10,673,844

)(19,844,999 )(7,953,510)(20,926,497 )(6,398,373

58,688,000

)(59,243,645

)(1,056,159

14,264,773

)(20,996,262

)(6,731,489

)(12,750,375 )(10,938,374 )(11,240,829 )(10,512,384 )(13,065,485 )(12,580,471 )(13,870,264 )(15,204,226 )(15,522,386 )(20,134,961 )(22,119,733

3,716,659 1,950,654 1,450,446 929,240 1,635,411 868,050 653,323 1,564,446 1,446,738 4,959,111 8,480,077

)(9,033,716 )(8,987,720 )(9,790,383 )(9,583,144 )(11,430,074 )(11,712,421 )(13,216,941 )(13,639,780 )(14,075,648 )(15,175,850 )(13,639,656

58,688,000 59,210,669 59,740,803 60,274,522 60,770,104 61,299,244 61,837,180 62,382,900 62,936,181 63,497,142 64,065,904

)(59,360,138 )(59,610,527 )(59,516,598 )(59,708,769 )(60,586,402 )(60,046,335 )(60,521,637 )(61,168,158 )(60,936,349 )(62,221,967 )(63,152,400

)(672,138 )(399,858 224,205 565,753 183,702 1,252,909 1,315,543 1,214,742 1,999,832 1,275,175 913,504

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Key Assumptions Underpinning the Integrated Financial Plan (IFP)

The forecasts contained in the Integrated Financial Plan are based on a number of assumptions and strategies including those adopted in the previous IFP and are used to effectively forecast the long term planning requirements of Council. These

assumptions and strategies are based on current economic conditions and should economic conditions alter, these assumptions and strategies will be reviewed as part of the annual budget process to take into account community affordability. It is

recognised that community affordability will fluctuate over time and it will be necessary to review these assumptions and strategies on an annual basis. The key assumptions and strategies are:

Income

• Annual general rate revenue (exclusive of natural growth) has been projected to increase by 3.5% for the life of the plan.

• An additional 1.0% rate increase will be raised in 2017-18, and for the next 3 years, to be used specifically for infrastructure development. This strategy commenced in 2016/17 and the funds will be held in the Infrastructure Development

Reserve until required. (Note: the additional 1% for infrastructure development may be suspended pending community affordability).

• In 2017-18, approximately $725,000 additional rates will be raised to fund infrastructure development projects. By the end of 2020-21, an additional $1.9M p.a. will be available for infrastructure development and will continue in each

subsequent year.

• The rate base will increase by an average of 0.3% per annum through anticipated growth in new development based on current development projections.

• Fees and charges will increase, on average, by 1.5% (Note: some charges are regulatory and not controlled by Council).

• Waste charges will be raised under the provisions of the WARR Act for residential and non-residential waste services. Any operating surplus from residential waste services is transferred to the Waste Minimisation and Recycling Reserve,

while surplus from non-residential waste services will be used for infrastructure development.

• Annual waste collection charges for refuse, recycling or organic bins to increase by CPI i.e. 1.75% in 2017-18.

• Interest rates for invested funds will be 2.5% per annum over the life of the plan.

• No increase in general purpose grants.

Expenditure

• No additional staff are proposed for the next fifteen (15) years and any growth in services will be covered through the use of flexible staffing models, improved efficiencies or through the use of external service providers.

• Staff costs will increase by approximately 2.5% in nominal terms per annum.

• Interest rates for new borrowings will be 4.0% per annum over the life of the plan, inclusive of the Government Guarantee Fee.

• Material and Contracts operating expenditure will increase by 1.75% p.a. where unavoidable.

• Utility expenses will increase, with electricity costs increasing by 3.0% p.a., water rates and consumption by 4.5%, and gas charges by 1.75%.

• Insurance costs will increase by 2.5% p.a.

• Depreciation is based on current depreciation rates and asset condition ratings. However a current review of these depreciation rates and condition ratings may have a significant impact on future year depreciation expenses.

• The impact of new and upgrade capital projects on operating expenditure (i.e. increased: maintenance, repairs, insurance, utilities etc.) of 2.0% (increasing to 3% from 2021-22) of capital expenditure and has been included in the IFP to

recognise whole-of-life costs.

Other

• Base operating forecasts for the 2016-17 financial year have been used as the starting point for preparation of the plan. All future years are presented in 2017-18 values.

• Existing service levels will be reviewed with a view to improve services in the long-term.

• Annual operating deficit forecast of $3.5M in 2017-18 will reduce to $0.4M in 2022-23. From 2023-24 the City will have an operating surplus.

• CPI of 1.75% has been used for 2017-18, 2.25% for 2018-19 and 2.50% for all future years (Note: CPI is based on the forecasts contained in the 2016-17 WA State Government Budget).

• Cash reserves will increase from $12.1M in 2016-17 to $34.4M in 2031-32.

• New loan borrowings of $3M in 2017-18 and $1M in both 2018-19 and 2019-20 are included in the IFP. No other loan funds are proposed at this stage.

• Debt levels will peak in 2017-18 at $17.1M and reduce to nil by 2029-30.

• Proceeds from land sales (excluding joint venture land) will be either transferred to a Cash-Backed Reserve Fund for future capital work projects or used for debt reduction.

• Rationalise where practical, and subject to community consultation, the current assets deemed no longer required over time. The intention is to remove assets to reduce maintenance and replacement costs.

Measuring Sustainability

Several statutory financial indicators have been prescribed in the Local Government (Financial Management) Regulations 2011 to measure the financial sustainability of local governments.

The Integrated Financial Plan has been assessed against the following measures:

Statutory Financial Indicators Ratio Standards as determined Other Financial Indicators

by Local Government

* Annual Operating Surplus (Deficit) $000's

* Current Ratio Greater than 1.00 * Loan Liability

* Asset Sustainability Ratio Greater than 0.90 * Annual Capital Expenditure

* Debt Service Cover Ratio Greater than 2.00 * Cash and Cash Equivalents

* Operating Surplus Ratio Greater than 0.01 * Asset Consumption Ratio

* Own Source Revenue Coverage Ratio Greater than 0.90 * Asset Renewal Ratio

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Definition

Operating revenue minus operating expense, divided by own source operating

revenue.

Interpretation

15% or greater indicates the Council is achieving a strong operating surplus

which will enable future improvements in service delivery and support asset

management.

Lower than 0% indicates the Council is generating insufficient revenue to sustain

existing levels of service and adequately maintain its assets.

Comment

A positive trend is achieved, but due to an operating deficit in the first six (6)

years of the IFP, it is not until 2023-24 that a basic standard result is realised.

Definition

Own source operating revenue divided by operating expense.

Interpretation

Measures Council's ability to cover operating expenses from own source

revenue; the higher the ratio, the more self-reliant the Council is.

90% or greater represents low risk

60% or lower represents high risk

Comment

The City is in a strong position with its own source revenue and achieves an

advanced ratio (ie: low risk) result over the IFP.

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Definition

Annual operating surplus (before interest and depreciation) divided by principal

and interest.

Interpretation

This ratio measures a Council's ability to service debt.



Council's Integrated Financial Plan forecasts total loan borrowings to reduce to

nil by 2029-30.

Comment

As the City reduces its debt, the ratio continues to improve from a basic

standard to an advanced standard. By 2029-30 the City has no debt.

Definition

Current assets minus restricted assets, divided by, current liabilities minus

liabilities associated with restricted assets.

Interpretation

A ratio of greater than 1.0 means that a local government has sufficient assets

that can be converted into cash to meet its immediate cash commitments.

Comment

The current ratio improves over the IFP and meets the basic standard until an

advanced standard is achieved in 2024-25. The Actual result includes cash

carried forward for uncompleted projects, budgeted in the next financial year,

which improves the current ratio.

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Definition

Depreciated replacement cost of assets divided by current replacement cost of

depreciable assets.

Interpretation

Measures the extent to which depreciable assets have been consumed by

comparing their written down value to their replacement cost.

60% or greater indicates the Council is investing in asset renewal.

50% or less indicates the Council is having difficulty undertaking a sustained

capital renewal program.

Comment

Assets are maintained at an advanced standard over the life of the IFP.

Definition

Capital renewal and replacement expenditure divided by depreciation expense.

Interpretation

Measures the extent to which assets are being renewed or replaced compared

to the amount consumed (depreciation).

110% or greater indicates that the Council is investing in asset renewal to the

degree that offsets the current consumption of its assets.

90% or less indicates that the Council is failing to allocate sufficient funds for

asset renewal.

Comment

The ratio indicates that the City needs to allocate more capital expenditure on

asset renewal. This trend is supported by the Asset Management Plan Funding

Gap shown on pages 52 - 56.

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Definition

Net present value (NPV) of planned capital works over ten (10) years, divided by

net present value (NPV) of required capital renewals over ten (10) years.

Interpretation

Measures the extent to which assets are being renewed compared to the

amount consumed (depreciation).



75% or less indicates that the Council is failing to allocate sufficient funds to

asset renewal.

Comment

The amount of asset renewal (as a 10 year average) continues to improve over

the IFP. Due to the ratio being based on a 10 year average the ratio can only be

calculated to 2022-23.

Operating surplus (deficit) measures the financial sustainability of the Council

and is determined by operating revenue less operating expenditure (excludes

non-operating income and expenditure such as capital grants and

contributions).

A surplus indicates that Council has sufficient funds to meet its asset

management obligations and has the capacity to repay loan borrowings without

impacting its long term financial stability.

A deficit indicates that the Council is generating insufficient funds for asset

renewal and the repayment of its debt obligations.

Comment

The operating result continues to improve over the life of the IFP and achieves

an operating surplus in 2023-24.

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Base operating income includes rate income, grants and subsidies,

contributions, reimbursements and donations, fees and charges, interest

received and other revenue.

Non-operating income is excluded from this total.

Comment

Annual operating income continues to increase over the IFP.

Annual operating expenditure includes employee costs, materials and contracts,

utilities, insurance, depreciation, interest on loan borrowings and other

expenses.

Comment

Operating expenditure increases only slightly over the IFP when CPI increases

are excluded. CPI is excluded to show only real increases in expenditure.

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Annual expenses for materials and contracts.

Comment

Materials and contract expenditure varies only marginally over the IFP due to

one-off operating projects. CPI increases have been excluded.

Annual operating expenses for depreciation.

Comment

Depreciation continues to increase as new assets are completed as budgeted in

the IFP.

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Operating expenditure employee costs excludes salaries and wages allocated to

capital works, but includes one-off operating project employee costs.

Comment

No additional staff are proposed for the next fifteen (15) years and any growth

in services will be covered through the use of flexible staffing models,

improved efficiencies or through the use of external service providers.

Staff costs will increase by approximately 2.50%, in nominal terms, per annum.

Therefore, assuming CPI of 1.75% for 2017-18, 2.25% for 2018-19 and 2.50% for

all future years, the increase in staff costs of 2.50% is offset by CPI increases as

the employee costs only show real increases excluding CPI.

Excluding CPI increases from 2017-18 results in a flat-line trend over the IFP.

Capital expenditure on capital new (expansion), capital renewal and capital

upgrade projects.

Comment

Capital expenditure varies from year to year and is subject to the availability of

grant funds.

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Definition

General purpose commercial, industrial and residential rate revenue received.

Interpretation

A steady increase in this measure indicates strong economic growth and a

commitment to a sustainable Council.

Comment

Annual general rate revenue (exclusive of natural growth) has been projected to

increase by 3.5% for the life of the plan.

An additional 1.0% rate increase will be raised in 2017-18, and for the next 3

years, to be used specifically for infrastructure development. This strategy

commenced in 2016-17 and the funds will be held in the Infrastructure

Development Reserve until required.

In 2017-18, approximately $725,000 additional rates will be raised to fund

infrastructure development projects. By the end of 2020-21, an additional

$1.9M p.a. will be available for infrastructure development and will continue in

each subsequent year.

The rate base will increase by an average of 0.3% per annum through

anticipated growth in new development based on current projections.

Includes unrestricted and restricted cash balances.

Comment

Steady growth in cash is predicted over the IFP particularly for cash in Reserve

Funds which are held for specific purposes (refer pages 33 - 39.)

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Total current and non-current liabilities, including self-supporting loans.

Comment

The IFP includes borrowing $3.0M in 2017-18 and $1.0M in both

2018-19 and 2019-20. No further loans are proposed at this stage.

The City is debt free by 2029-30.

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Statement of

Comprehensive Income

Draft Budget Forecast Forecast Forecast Forecast Forecast Forecast Forecast ForecastForecast Forecast Forecast Forecast Forecast Forecast Forecast

2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27 2027-28 2028-29 2029-30 2030-31 2031-32

Operating Income

Rates

35,451,956Rates General Inc 37,050,004 38,060,839 38,981,309 39,940,255 40,522,246 41,083,141 41,616,134 42,156,901 42,705,568 43,232,782 43,767,269 44,309,146 44,858,526 45,415,525 45,980,262

43,869Rates Specified Area Inc 45,843 46,874 47,811 48,767 49,255 49,748 50,245 50,747 51,254 51,767 52,285 52,808 53,336 53,869 54,408

155,406Rates Interim Inc 172,472 155,451 175,118 180,781 154,131 120,953 123,372 125,839 99,166 101,149 103,172 105,236 107,340 109,487 111,677

35,651,231 37,268,319 38,263,164 39,204,238 40,169,803 40,725,632 41,253,842 41,789,751 42,333,487 42,855,988 43,385,698 43,922,726 44,467,190 45,019,202 45,578,881 46,146,347

Operating Grants and Subsidies

2,315,469Operating Grant Inc 2,168,473 2,095,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473

2,315,469 2,168,473 2,095,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473

Contributions, Reimbursements and Donations

309,749Contribution Inc 134,488 129,488 129,488 179,488 129,488 129,488 129,488 125,488 103,488 103,488 103,488 103,488 103,488 103,488 103,488

854,560Reimbursement Inc 567,669 559,221 553,778 548,678 543,363 537,822 532,047 526,030 521,111 520,541 521,449 522,705 523,974 525,256 526,552

2,750Donation Inc 2,750 2,750 2,750 2,750 2,750 2,750 2,750 2,750 2,750 2,750 2,750 2,750 2,750 2,750 2,750

1,167,059 704,907 691,459 686,016 730,916 675,601 670,060 664,285 654,268 627,349 626,779 627,687 628,943 630,212 631,494 632,790

Fees and Charges

5,692,850Waste Collection Charge Inc 5,738,997 5,738,997 5,738,997 5,738,997 5,738,997 5,738,997 5,738,997 5,738,997 5,738,997 5,738,997 5,738,997 5,738,997 5,738,997 5,738,997 5,738,997

1,694,773Parking Fee Inc 1,744,712 1,744,712 1,744,712 1,744,712 1,744,712 1,744,712 1,744,712 1,744,712 1,744,712 1,744,712 1,744,712 1,744,712 1,744,712 1,744,712 1,744,712

897,773Property Lease and Rental Fee Inc 891,504 891,504 891,504 891,504 891,504 891,504 891,504 891,504 891,504 891,504 891,504 891,504 891,504 891,504 891,504

48,875General Hire Fee Inc 51,690 51,690 51,690 51,690 51,690 51,690 51,690 51,690 51,690 51,690 51,690 51,690 51,690 51,690 51,690

441,452Fine and Penalty Fee Inc 300,393 300,393 300,393 300,393 300,393 300,393 300,393 300,393 300,393 300,393 300,393 300,393 300,393 300,393 300,393

458,237Building and Planning Fee Inc 522,255 522,255 522,255 522,255 522,255 522,255 522,255 522,255 522,255 522,255 522,255 522,255 522,255 522,255 522,255

143,730Rating Fee Inc 137,025 137,025 137,025 137,025 137,025 137,025 137,025 137,025 137,025 137,025 137,025 137,025 137,025 137,025 137,025

3,104,602Sports Facility Fee Inc 3,077,077 3,077,077 3,077,077 3,077,077 3,077,077 3,077,077 3,077,077 3,077,077 3,077,077 3,077,077 3,077,077 3,077,077 3,077,077 3,077,077 3,077,077

1,651,434Miscellaneous Fee and Charge Inc 1,689,549 1,683,549 1,683,549 1,683,549 1,683,549 1,683,549 1,683,549 1,683,549 1,683,549 1,683,549 1,683,549 1,683,549 1,683,549 1,683,549 1,683,549

14,133,726 14,153,202 14,147,202 14,147,202 14,147,202 14,147,202 14,147,202 14,147,202 14,147,202 14,147,202 14,147,202 14,147,202 14,147,202 14,147,202 14,147,202 14,147,202

Interest Received

670,672Cash and Investment Interest Inc 461,766 461,766 461,766 461,766 461,766 461,766 461,766 461,766 461,766 461,766 461,766 461,766 461,766 461,766 461,766

388,046Rates Debtor Interest Inc 320,655 320,655 320,655 320,655 320,655 320,655 320,655 320,655 320,655 320,655 320,655 320,655 320,655 320,655 320,655

1,058,718 782,421 782,421 782,421 782,421 782,421 782,421 782,421 782,421 782,421 782,421 782,421 782,421 782,421 782,421 782,421

Other Revenue

374,735Miscellaneous Inc 356,671 356,671 356,671 356,671 356,671 356,671 356,671 356,671 356,671 356,671 356,671 356,671 356,671 356,671 356,671

374,735 356,671 356,671 356,671 356,671 356,671 356,671 356,671 356,671 356,671 356,671 356,671 356,671 356,671 356,671 356,671

54,700,938Total Operating Income 55,433,993 56,336,390 57,177,021 58,187,486 58,688,000 59,210,669 59,740,803 60,274,522 60,770,104 61,299,244 61,837,180 62,382,900 62,936,181 63,497,142 64,065,904

of 90


Statement of



2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27 2027-28 2028-29 2029-30 2030-31 2031-32

Operating Expenditure

Employee Costs

)(21,299,726Salary Exp )(21,824,163 )(21,872,565 )(21,879,565 )(21,872,565 )(21,882,565 )(21,872,565 )(21,873,088 )(21,872,565 )(21,882,565 )(21,872,565 )(21,882,565 )(21,872,565 )(21,882,565 )(21,872,565 )(21,882,565

)(512,107Salary Accruals Exp )(524,909 )(526,220 )(526,220 )(526,220 )(526,220 )(526,220 )(526,220 )(526,220 )(526,220 )(526,220 )(526,220 )(526,220 )(526,220 )(526,220 )(526,220

)(3,275,220Other Employee Related Exp )(3,305,319 )(3,313,587 )(3,313,587 )(3,313,587 )(3,313,587 )(3,313,587 )(3,313,587 )(3,313,587 )(3,313,587 )(3,313,587 )(3,313,587 )(3,313,587 )(3,313,587 )(3,313,587 )(3,313,587

)(25,087,053 )(25,654,391 )(25,712,372 )(25,719,372 )(25,712,372 )(25,722,372 )(25,712,372 )(25,712,895 )(25,712,372 )(25,722,372 )(25,712,372 )(25,722,372 )(25,712,372 )(25,722,372 )(25,712,372 )(25,722,372

Material and Contracts

)(3,183,466Material Exp )(3,475,055 )(3,705,366 )(3,733,774 )(3,978,637 )(4,013,708 )(4,048,579 )(4,074,516 )(4,105,891 )(4,184,641 )(4,215,331 )(4,240,651 )(4,323,181 )(4,346,371 )(4,598,161 )(4,612,951

)(520,380Fuel Exp )(666,514 )(666,514 )(666,514 )(666,514 )(666,514 )(666,514 )(666,514 )(666,514 )(666,514 )(666,514 )(666,514 )(666,514 )(666,514 )(666,514 )(666,514

)(66,620Contract Employment Exp )(66,620 )(66,620 )(66,620 )(66,620 )(66,620 )(66,620 )(66,620 )(66,620 )(66,620 )(66,620 )(66,620 )(66,620 )(66,620 )(66,620 )(66,620

)(1,741,088Consultants Exp )(1,268,957 )(1,045,957 )(1,445,957 )(1,062,957 )(700,957 )(1,130,957 )(768,957 )(793,957 )(1,312,957 )(701,957 )(700,957 )(1,240,957 )(808,957 )(843,957 )(1,212,957

)(7,974,839Contractors Exp )(8,037,970 )(7,712,589 )(7,767,745 )(7,548,730 )(7,821,515 )(7,710,805 )(7,757,125 )(7,737,125 )(7,771,125 )(7,647,125 )(7,847,125 )(7,661,125 )(7,757,125 )(7,737,125 )(7,771,125

)(1,002,422Software License or Maintenance Exp )(994,889 )(994,889 )(994,889 )(982,889 )(982,889 )(982,889 )(982,889 )(982,889 )(982,889 )(982,889 )(982,889 )(982,889 )(982,889 )(982,889 )(982,889

)(272,612Equipment Lease or Hire Exp )(331,397 )(331,397 )(331,397 )(331,397 )(331,397 )(331,397 )(331,397 )(331,397 )(331,397 )(331,397 )(331,397 )(331,397 )(331,397 )(331,397 )(331,397

)(144,247Bank Fee and Charges Exp )(141,278 )(141,278 )(141,278 )(141,278 )(141,278 )(141,278 )(141,278 )(141,278 )(141,278 )(141,278 )(141,278 )(141,278 )(141,278 )(141,278 )(141,278

)(14,905,674 )(14,982,680 )(14,664,610 )(15,148,174 )(14,779,022 )(14,724,878 )(15,079,039 )(14,789,296 )(14,825,671 )(15,457,421 )(14,753,111 )(14,977,431 )(15,413,961 )(15,101,151 )(15,367,941 )(15,785,731

Insurance

)(747,420Insurance Exp )(766,108 )(768,023 )(768,023 )(768,023 )(768,023 )(768,023 )(768,023 )(768,023 )(768,023 )(768,023 )(768,023 )(768,023 )(768,023 )(768,023 )(768,023

)(747,420 )(766,108 )(768,023 )(768,023 )(768,023 )(768,023 )(768,023 )(768,023 )(768,023 )(768,023 )(768,023 )(768,023 )(768,023 )(768,023 )(768,023 )(768,023

Interest Expense

)(806,403Interest Loan Borrowings Exp )(801,004 )(821,426 )(745,856 )(675,986 )(569,802 )(390,037 )(342,971 )(246,581 )(173,268 )(117,550 )(66,315 )(26,735 )(4,199

)(5,875Interest Accrual Exp )(5,808 )(5,289 )(5,134 )(4,324 )(3,613 )(2,868 )(2,096 )(1,465 )(1,006 )(680 )(384 )(155

)(812,278 )(806,812 )(826,715 )(750,990 )(680,310 )(573,415 )(392,905 )(345,067 )(248,046 )(174,274 )(118,230 )(66,699 )(26,890 )(4,199

Utilities

)(2,037,972Electricity Exp )(1,992,111 )(2,007,857 )(2,018,432 )(2,029,058 )(2,039,739 )(2,050,471 )(2,061,257 )(2,072,098 )(2,082,994 )(2,093,945 )(2,104,950 )(2,116,010 )(2,127,123 )(2,138,292 )(2,149,515

)(564,990Water Exp )(590,415 )(603,697 )(615,772 )(628,087 )(640,646 )(653,460 )(666,530 )(679,861 )(693,459 )(707,332 )(721,481 )(735,909 )(750,629 )(765,638 )(780,952

)(289,270Gas Exp )(294,335 )(294,335 )(294,335 )(294,335 )(294,335 )(294,335 )(294,335 )(294,335 )(294,335 )(294,335 )(294,335 )(294,335 )(294,335 )(294,335 )(294,335

)(48,250Sewerage Exp )(50,423 )(51,558 )(52,588 )(53,640 )(54,712 )(55,806 )(56,923 )(58,062 )(59,222 )(60,408 )(61,617 )(62,850 )(64,107 )(65,389 )(66,697

)(2,940,482 )(2,927,284 )(2,957,447 )(2,981,127 )(3,005,120 )(3,029,432 )(3,054,072 )(3,079,045 )(3,104,356 )(3,130,010 )(3,156,020 )(3,182,383 )(3,209,104 )(3,236,194 )(3,263,654 )(3,291,499

Depreciation

)(2,824,202Depreciation Building Exp )(2,914,535 )(2,965,236 )(2,971,628 )(2,974,732 )(2,982,053 )(2,988,481 )(2,997,948 )(3,005,269 )(3,045,123 )(3,063,885 )(3,083,362 )(3,130,723 )(3,170,649 )(3,196,560 )(3,335,442

Depreciation Civil Infrastructure Exp )(603,493 )(591,567 )(576,089 )(562,271 )(552,528 )(548,070 )(537,111 )(527,542 )(515,024 )(523,762 )(526,188 )(528,762 )(525,849 )(519,697 )(525,208

)(2,654,696Depreciation Roads Exp )(2,371,810 )(2,405,556 )(2,454,034 )(2,507,415 )(2,564,009 )(2,599,939 )(2,619,289 )(2,584,768 )(2,655,143 )(2,673,625 )(2,684,843 )(2,676,273 )(2,688,599 )(2,716,905 )(2,754,778

)(979,665Depreciation Pathways Exp )(885,138 )(889,825 )(819,905 )(821,131 )(797,970 )(805,501 )(807,508 )(798,750 )(828,497 )(839,774 )(857,663 )(864,794 )(864,342 )(882,351 )(899,117

)(1,139,294Depreciation Stormwater Exp )(1,036,207 )(1,040,184 )(1,039,902 )(1,045,020 )(1,046,314 )(1,049,719 )(1,054,947 )(1,151,660 )(1,068,454 )(1,080,040 )(1,090,228 )(1,053,910 )(925,882 )(936,133 )(945,008

)(438,519Depreciation Open Space Exp )(457,142 )(481,705 )(452,691 )(483,040 )(496,994 )(423,134 )(423,358 )(425,702 )(484,922 )(497,784 )(516,003 )(523,764 )(533,133 )(1,275,980 )(1,288,480

)(270,858Depreciation Marine Exp )(262,286 )(273,532 )(234,185 )(235,238 )(233,872 )(234,746 )(236,278 )(233,692 )(239,999 )(220,060 )(198,733 )(197,316 )(195,162 )(197,330 )(198,580

)(351,371Depreciation Other Infrastructure Exp )(439,269 )(451,484 )(456,524 )(464,379 )(461,312 )(468,546 )(470,687 )(463,698 )(451,453 )(457,037 )(476,464 )(471,432 )(454,781 )(466,842 )(479,345

)(1,162,865Depreciation Plant and Vehicle Exp )(1,312,534 )(1,495,914 )(1,647,452 )(1,793,051 )(1,970,885 )(2,056,646 )(2,234,013 )(2,376,133 )(2,548,038 )(2,650,505 )(2,774,421 )(2,958,102 )(3,070,867 )(3,192,521 )(3,399,041

)(974,932Depreciation Equipment Exp )(1,066,710 )(1,094,131 )(1,130,705 )(1,160,496 )(1,208,071 )(1,238,159 )(1,271,464 )(1,345,204 )(1,378,879 )(1,410,353 )(1,459,007 )(1,491,231 )(1,520,217 )(1,567,808 )(1,595,093

)(123,738Depreciation Furniture and Fittings Exp )(131,818 )(138,952 )(142,910 )(146,620 )(148,449 )(150,433 )(154,719 )(158,518 )(165,325 )(167,443 )(172,613 )(175,375 )(177,852 )(179,793 )(180,626

)(216,604Depreciation Other Asset Exp )(220,604 )(225,282 )(230,974 )(236,680 )(242,412 )(248,169 )(253,953 )(259,764 )(265,602 )(271,468 )(277,361 )(283,283 )(289,234 )(295,214 )(301,214

)(11,136,744 )(11,701,546 )(12,053,368 )(12,156,999 )(12,430,073 )(12,704,869 )(12,811,543 )(13,061,275 )(13,330,700 )(13,646,459 )(13,855,736 )(14,116,886 )(14,354,965 )(14,416,567 )(15,427,134 )(15,901,932

Other Expense

)(2,486,384Contrib, Donation and Sponsorship Exp )(1,185,371 )(968,404 )(931,829 )(835,253 )(798,677 )(762,101 )(725,525 )(689,129 )(652,371 )(652,371 )(652,371 )(652,371 )(652,371 )(652,371 )(652,371

)(514,320Elected Member Exp )(514,320 )(514,320 )(514,320 )(514,320 )(514,320 )(514,320 )(514,320 )(514,320 )(514,320 )(514,320 )(514,320 )(514,320 )(514,320 )(514,320 )(514,320

)(45,061Taxation and Levy Exp )(31,300 )(31,300 )(31,300 )(31,300 )(31,300 )(31,300 )(31,300 )(31,300 )(31,300 )(31,300 )(31,300 )(31,300 )(31,300 )(31,300 )(31,300

)(2,850Miscellaneous Non Cash Exp )(2,850 )(2,850 )(2,850 )(2,850 )(2,850 )(2,850 )(2,850 )(2,850 )(2,850 )(2,850 )(2,850 )(2,850 )(2,850 )(2,850 )(2,850

)(533,508Miscellaneous Exp )(490,002 )(485,002 )(490,002 )(485,002 )(490,002 )(482,002 )(487,002 )(482,002 )(487,002 )(482,002 )(487,002 )(482,002 )(487,002 )(482,002 )(482,002

)(3,582,123 )(2,223,843 )(2,001,876 )(1,970,301 )(1,868,725 )(1,837,149 )(1,792,573 )(1,760,997 )(1,719,601 )(1,687,843 )(1,682,843 )(1,687,843 )(1,682,843 )(1,687,843 )(1,682,843 )(1,682,843

)(59,211,774Total Operating Expenditure )(59,062,664 )(58,984,411 )(59,494,986 )(59,243,645 )(59,360,138 )(59,610,527 )(59,516,598 )(59,708,769 )(60,586,402 )(60,046,335 )(60,521,637 )(61,168,158 )(60,936,349 )(62,221,967 )(63,152,400

OPERATING SURPLUS (DEFICIT) )(4,510,836 )(3,628,671 )(2,648,021 )(2,317,965 )(1,056,159 )(672,138 )(399,858 224,205 565,753 183,702 1,252,909 1,315,543 1,214,742 1,999,832 1,275,175 913,504

of 90


Statement of



2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27 2027-28 2028-29 2029-30 2030-31 2031-32

Non-Operating Income and Expenditure

Grants and Contributions for the Development of Assets

11,603,582Capital Grant Subsidy and Contrib Inc 4,918,100 4,596,333 3,747,333 13,844,862 3,332,666 1,743,333 918,000 418,000 1,158,000 618,000 418,000 1,018,000 928,000 4,568,000 7,918,000

192,261Self Supporting Loans Inc 197,691 149,261 144,179 149,418 154,848 160,476 166,310 172,357 47,774 9,499

)(192,261Self Supporting Loans - Debtors )(197,691 )(149,261 )(144,179 )(149,418 )(154,848 )(160,476 )(166,310 )(172,357 )(47,774 )(9,499

11,603,582 4,918,100 4,596,333 3,747,333 13,844,862 3,332,666 1,743,333 918,000 418,000 1,158,000 618,000 418,000 1,018,000 928,000 4,568,000 7,918,000

Sale or Disposal of Assets

496,885Proceeds Land Disposal

428,950Proceeds Plant and Vehicle Disposals 304,443 519,446 528,138 419,911 383,993 207,321 532,446 511,240 477,411 250,050 235,323 546,446 518,738 391,111 562,077

)(25,500Value of Land Disposed

)(733,319Value of Plant and Vehicles Disposed

)(140,145Value of Equipment Disposed

26,871 304,443 519,446 528,138 419,911 383,993 207,321 532,446 511,240 477,411 250,050 235,323 546,446 518,738 391,111 562,077

Interest on Capital Grants

138,934Interest on Capital Grants

138,934

11,769,387Total Non-Operating Income and Expenditure 5,222,543 5,115,779 4,275,471 14,264,773 3,716,659 1,950,654 1,450,446 929,240 1,635,411 868,050 653,323 1,564,446 1,446,738 4,959,111 8,480,077

TOTAL COMPREHENSIVE INCOME 7,258,551 2,467,758 1,957,506 13,208,614 3,044,521 1,550,796 1,674,651 1,494,993 1,819,1131,593,872 2,120,959 1,968,866 2,779,188 3,446,570 6,234,286 9,393,581

of 90


2016-17

Statement of

Financial Position

Forecast

2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26

Draft Budget Forecast Forecast ForecastForecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast

2026-27 2027-28 2028-29 2029-30 2030-31 2031-32

Current Assets

Cash Unrestricted 6,604,357 6,755,584 7,069,819 7,553,858 8,066,018 8,541,720 8,899,916 9,375,172 9,958,244 10,290,209 10,852,071 11,256,383 11,754,493 12,137,451 12,632,515 13,220,684

Cash Restricted 20,876,746 9,293,976 9,690,139 11,982,439 14,562,037 15,447,604 16,784,431 18,351,977 21,122,342 22,661,085 24,958,151 26,468,176 27,929,662 30,294,936 31,852,551 34,966,382

Trade and Other Receivables 2,687,146 2,687,146 2,687,146 2,687,146 2,687,146 2,687,146 2,687,146 2,687,146 2,687,146 2,687,146 2,687,146 2,687,146 2,687,146 2,687,146 2,687,146 2,687,146

Inventories 52,290 52,290 52,290 52,290 52,290 52,290 52,290 52,290 52,290 52,290 52,290 52,290 52,290 52,290 52,290 52,290

30,220,539 18,788,996 19,499,394 22,275,733 25,367,491 26,728,760 28,423,783 30,466,585 33,820,022 35,690,730 38,549,658 40,463,995 42,423,591 45,171,823 47,224,502 50,926,502

Current Liabilities

Trade and Other Payables )(4,634,289 )(4,634,289 )(4,634,289 )(4,634,289 )(4,634,289 )(4,634,289 )(4,634,289 )(4,634,289 )(4,634,289 )(4,634,289 )(4,634,289 )(4,634,289 )(4,634,289 )(4,634,289 )(4,634,289 )(4,634,289

Current Provisions )(3,912,847 )(4,375,656 )(4,839,776 )(5,303,896 )(5,768,016 )(6,232,136 )(6,696,256 )(7,160,376 )(7,624,496 )(8,088,616 )(8,552,736 )(9,016,856 )(9,480,976 )(9,945,096 )(10,409,216 )(10,873,336

Current Loan Liability )(2,297,329 )(2,416,920 )(2,334,721 )(2,226,305 )(2,318,814 )(2,415,638 )(2,144,825 )(1,658,449 )(1,103,373 )(1,073,015 )(827,371 )(496,550 )(118,739 0 0 0

)(10,844,465 )(11,426,865 )(11,808,786 )(12,164,490 )(12,721,119 )(13,282,063 )(13,475,370 )(13,453,114 )(13,362,158 )(13,795,920 )(14,014,396 )(14,147,695 )(14,234,004 )(14,579,385 )(15,043,505 )(15,507,625

Non Current Assets

Non Current Receivables 1,689,055 1,491,364 1,342,103 1,197,924 1,048,506 893,658 733,182 566,872 394,515 346,741 337,242 337,242 337,242 337,242 337,242 337,242

Property Plant and Equipment 240,264,570 234,618,369 228,698,854 222,575,185 216,263,606 209,711,736 203,029,848 196,117,751 188,972,863 181,569,896 174,006,242 166,239,478 158,200,764 149,971,945 141,540,049 132,728,633

Infrastructure 299,288,608 293,233,263 287,099,410 281,066,080 274,947,586 268,794,587 262,664,932 256,515,754 250,329,942 244,086,450 237,794,368 231,444,246 225,127,995 218,940,247 211,945,009 204,854,493

Work in Progress 34,835,847 60,984,887 74,054,176 84,728,020 105,724,282 118,474,657 129,413,031 140,653,860 151,166,244 164,231,729 176,812,200 190,682,464 205,886,690 221,409,076 241,544,037 263,663,770

576,078,079 590,327,882 591,194,542 589,567,208 597,983,979 597,874,637 595,840,992 593,854,236 590,863,563 590,234,815 588,950,051 588,703,429 589,552,690 590,658,509 595,366,336 601,584,137

Non Current Liabilities

Non Current Payables )(16,034 )(16,034 )(16,034 )(16,034 )(16,034 )(16,034 )(16,034 )(16,034 )(16,034 )(16,034 )(16,034 )(16,034 )(16,034 )(16,034 )(16,034 )(16,034

Non Current Provisions )(489,969 )(552,069 )(614,169 )(676,269 )(738,369 )(800,469 )(862,569 )(924,669 )(986,769 )(1,048,869 )(1,110,969 )(1,173,069 )(1,235,169 )(1,297,269 )(1,359,369 )(1,421,469

Non Current Loan Liabilities )(14,137,913 )(14,717,801 )(13,383,080 )(12,156,775 )(9,837,961 )(7,422,323 )(5,277,498 )(3,619,049 )(2,515,676 )(1,442,661 )(615,290 )(118,740 0 0 0 0

)(14,643,915 )(15,285,903 )(14,013,282 )(12,849,077 )(10,592,363 )(8,238,825 )(6,156,100 )(4,559,751 )(3,518,478 )(2,507,563 )(1,742,292 )(1,307,842 )(1,251,202 )(1,313,302 )(1,375,402 )(1,437,502

Equity

Retained Surplus )(240,549,545 )(245,690,487 )(247,599,264 )(247,264,470 )(257,893,486 )(260,052,440 )(260,266,409 )(260,373,514 )(259,098,142 )(259,378,512 )(259,202,405 )(259,661,246 )(260,978,948 )(262,060,244 )(266,736,915 )(273,016,665

Reserves - Cash Backed )(12,654,200 )(9,107,130 )(9,666,111 )(11,958,411 )(14,538,009 )(15,423,576 )(16,760,403 )(18,327,949 )(21,098,314 )(22,637,057 )(24,934,123 )(26,444,148 )(27,905,634 )(30,270,908 )(31,828,523 )(34,942,354

Reserves - Asset Revaluation )(327,606,494 )(327,606,494 )(327,606,494 )(327,606,494 )(327,606,494 )(327,606,494 )(327,606,494 )(327,606,494 )(327,606,494 )(327,606,494 )(327,606,494 )(327,606,494 )(327,606,494 )(327,606,494 )(327,606,494 )(327,606,494

)(580,810,238 )(582,404,110 )(584,871,868 )(586,829,374 )(600,037,988 )(603,082,509 )(604,633,305 )(606,307,956 )(607,802,949 )(609,622,062 )(611,743,021 )(613,711,887 )(616,491,075 )(619,937,645 )(626,171,931 )(635,565,512

of 90


Statement of

Cash Flows 2017-182016-17 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26

Forecast Draft Budget Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast ForecastForecastForecastForecastForecastForecast

2026-27 2027-28 2028-29 2029-30 2030-31 2031-32

CASH FLOWS FROM OPERATING ACTIVITIES

RECEIPTSRates 35,651,231 37,268,319 38,263,164 39,204,238 40,169,803 40,725,632 41,253,842 41,789,751 42,333,487 42,855,988 43,385,698 43,922,726 44,467,190 45,019,202 45,578,881 46,146,347

Operating Grants and Subsidies 2,315,469 2,168,473 2,095,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473

Contributions Reimbursements and Donations 1,167,059 704,907 691,459 686,016 730,916 675,601 670,060 664,285 654,268 627,349 626,779 627,687 628,943 630,212 631,494 632,790

Fees and Charges 14,133,726 14,153,202 14,147,202 14,147,202 14,147,202 14,147,202 14,147,202 14,147,202 14,147,202 14,147,202 14,147,202 14,147,202 14,147,202 14,147,202 14,147,202 14,147,202

Interest Earnings 1,058,718 782,421 782,421 782,421 782,421 782,421 782,421 782,421 782,421 782,421 782,421 782,421 782,421 782,421 782,421 782,421

Other Revenue 374,735 356,671 356,671 356,671 356,671 356,671 356,671 356,671 356,671 356,671 356,671 356,671 356,671 356,671 356,671 356,671

54,700,938 55,433,993 56,336,390 57,177,021 58,187,486 58,688,000 59,210,669 59,740,803 60,274,522 60,770,104 61,299,244 61,837,180 62,382,900 62,936,181 63,497,142 64,065,904

PAYMENTSEmployee Costs (Operating Only) )(24,574,946 )(25,129,482 )(25,186,152 )(25,193,152 )(25,186,152 )(25,196,152 )(25,186,152 )(25,186,675 )(25,186,152 )(25,196,152 )(25,186,152 )(25,196,152 )(25,186,152 )(25,196,152 )(25,186,152 )(25,196,152

Materials and Contracts )(14,905,674 )(14,982,680 )(14,664,610 )(15,148,174 )(14,779,022 )(14,724,878 )(15,079,039 )(14,789,296 )(14,825,671 )(15,457,421 )(14,753,111 )(14,977,431 )(15,413,961 )(15,101,151 )(15,367,941 )(15,785,731

Insurance )(747,420 )(766,108 )(768,023 )(768,023 )(768,023 )(768,023 )(768,023 )(768,023 )(768,023 )(768,023 )(768,023 )(768,023 )(768,023 )(768,023 )(768,023 )(768,023

Interest Expense )(812,278 )(806,812 )(826,715 )(750,990 )(680,310 )(573,415 )(392,905 )(345,067 )(248,046 )(174,274 )(118,230 )(66,699 )(26,890 )(4,199

Utilities )(2,940,482 )(2,927,284 )(2,957,447 )(2,981,127 )(3,005,120 )(3,029,432 )(3,054,072 )(3,079,045 )(3,104,356 )(3,130,010 )(3,156,020 )(3,182,383 )(3,209,104 )(3,236,194 )(3,263,654 )(3,291,499

Other Expenses )(3,582,123 )(2,223,843 )(2,001,876 )(1,970,301 )(1,868,725 )(1,837,149 )(1,792,573 )(1,760,997 )(1,719,601 )(1,687,843 )(1,682,843 )(1,687,843 )(1,682,843 )(1,687,843 )(1,682,843 )(1,682,843

)(47,562,923 )(46,836,209 )(46,404,823 )(46,811,767 )(46,287,352 )(46,129,049 )(46,272,764 )(45,929,103 )(45,851,849 )(46,413,723 )(45,664,379 )(45,878,531 )(46,286,973 )(45,993,562 )(46,268,613 )(46,724,248

7,138,015 8,597,784 9,931,567 10,365,254 11,900,134 12,558,951 12,937,905 13,811,700 14,422,673 14,356,381CASH FLOWS FROM OPERATING ACTIVITIES 15,634,865 15,958,649 16,095,927 16,942,619 17,228,529 17,341,656

CASH FLOWS FROM INVESTING ACTIVITIES

CAPITAL RECEIPTSGrants and Contributions for the Development

of Assets

11,603,582 4,918,100 4,596,333 3,747,333 13,844,862 3,332,666 1,743,333 918,000 418,000 1,158,000 618,000 418,000 1,018,000 928,000 4,568,000 7,918,000

Interest Earnings on Capital Grants and

Contributions

138,934

Proceeds from the Sale Plant and Vehicles 925,835 304,443 519,446 528,138 419,911 383,993 207,321 532,446 511,240 477,411 250,050 235,323 546,446 518,738 391,111 562,077

12,668,351 5,222,543 5,115,779 4,275,471 14,264,773 3,716,659 1,950,654 1,450,446 929,240 1,635,411 868,050 653,323 1,564,446 1,446,738 4,959,111 8,480,077

CAPITAL PAYMENTSAcquisition of Assets )(31,614,386 )(26,149,040 )(13,069,289 )(10,673,844 )(20,996,262 )(12,750,375 )(10,938,374 )(11,240,829 )(10,512,384 )(13,065,485 )(12,580,471 )(13,870,264 )(15,204,226 )(15,522,386 )(20,134,961 )(22,119,733

)(31,614,386 )(26,149,040 )(13,069,289 )(10,673,844 )(20,996,262 )(12,750,375 )(10,938,374 )(11,240,829 )(10,512,384 )(13,065,485 )(12,580,471 )(13,870,264 )(15,204,226 )(15,522,386 )(20,134,961 )(22,119,733

)(18,946,035 )(20,926,497 )(7,953,510 )(6,398,373 )(6,731,489 )(9,033,716 )(8,987,720 )(9,790,383 )(9,583,144 )(11,430,074CASH FLOWS FROM INVESTING ACTIVITIES )(11,712,421 )(13,216,941 )(13,639,780 )(14,075,648 )(15,175,850 )(13,639,656

CASH FLOWS FROM FINANCING ACTIVITIESProceeds from New Debentures 2,305,520 3,000,000 1,000,000 1,000,000

Proceeds from Self Supporting Loans 192,261 197,691 149,261 144,179 149,418 154,848 160,476 166,310 172,357 47,774 9,499

Repayment of Debentures )(2,230,770 )(2,300,521 )(2,416,920 )(2,334,721 )(2,226,305 )(2,318,814 )(2,415,638 )(2,144,825 )(1,658,449 )(1,103,373 )(1,073,015 )(827,371 )(496,551 )(118,740

267,011 897,170 )(1,267,659 )(1,190,542 )(2,076,887 )(2,163,966 )(2,255,162 )(1,978,515 )(1,486,092 )(1,055,599 )(1,063,516 )(827,371 )(496,551 )(118,740

267,011 897,170 )(1,267,659 )(1,190,542 )(2,076,887 )(2,163,966 )(2,255,162 )(1,978,515 )(1,486,092 )(1,055,599CASH FLOWS FROM FINANCING ACTIVITIES )(1,063,516 )(827,371 )(496,551 )(118,740

NET INCREASE (DECREASE) IN CASH HELDCash Movement )(11,541,009 )(11,431,543 710,398 2,776,339 3,091,758 1,361,269 1,695,023 2,042,802 3,353,437 1,870,708 2,858,928 1,914,337 1,959,596 2,748,232 2,052,679 3,702,000

Cash at the beginning of the year

Cash increase (decrease)

Cash at the end of the year

39,022,113

)(11,541,009 )(11,431,543

16,049,561

16,049,561

710,398

27,481,104

27,481,104

16,759,959

16,759,959

2,776,339 3,091,758

19,536,298

19,536,298

22,628,056

22,628,056

1,361,269 2,042,8021,695,023 3,353,437 1,870,708

23,989,325

23,989,325

25,684,348

25,684,348

27,727,150

27,727,150

31,080,587

31,080,587

32,951,295

2,858,928 1,914,337 1,959,596 2,748,232 2,052,679 3,702,000

32,951,295 35,810,223 37,724,560 39,684,156 42,432,388 44,485,067

35,810,223 37,724,560 39,684,156 42,432,388 44,485,067 48,187,067

of 90


Rate Setting

Statement 2016-17

Forecast Draft Budget

2017-18 2018-19

Forecast Forecast

2019-20 2020-21

Forecast Forecast

2021-22 2022-23

Forecast Forecast

2023-24 2024-25

Forecast Forecast

2025-26 2026-27

Forecast Forecast

2027-28 2028-29

Forecast Forecast

2029-30 2030-31

Forecast Forecast

2031-32

Revenue (Excl Rates)

Rates - Specified Area 43,869 45,843 46,874 47,811 48,767 49,255 49,748 50,245 50,747 51,254 54,40853,86953,33652,80852,28551,767

Grants and Subsidies - Operating 2,315,469 2,168,473 2,095,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,4732,000,4732,000,4732,000,4732,000,4732,000,473

Fees and Charges 14,133,726 14,153,202 14,147,202 14,147,202 14,147,202 14,147,202 14,147,202 14,147,202 14,147,202 14,147,202 14,147,20214,147,20214,147,20214,147,20214,147,20214,147,202

Contributions, Reimbursements and Donation 1,167,059 704,907 691,459 686,016 730,916 675,601 670,060 664,285 654,268 627,349 632,790631,494630,212628,943627,687626,779

Interest Received 1,058,718 782,421 782,421 782,421 782,421 782,421 782,421 782,421 782,421 782,421 782,421782,421782,421782,421782,421782,421

Other Revenue 374,735 356,671 356,671 356,671 356,671 356,671 356,671 356,671 356,671 356,671 356,671356,671356,671356,671356,671356,671

17,973,96517,972,13017,970,31517,968,51817,966,73917,965,31317,965,37017,991,78218,001,29718,006,57518,011,62318,066,45018,020,59418,120,10018,211,51719,093,576

Less Expenditure

Employee Costs )(25,087,053 )(25,654,391 )(25,712,372 )(25,719,372 )(25,712,372 )(25,722,372 )(25,712,372 )(25,712,895 )(25,712,372 )(25,722,372 )(25,722,372)(25,712,372)(25,722,372)(25,712,372)(25,722,372)(25,712,372

Materials and Contracts )(14,905,674 )(14,982,680 )(14,664,610 )(15,148,174 )(14,779,022 )(14,724,878 )(15,079,039 )(14,789,296 )(14,825,671 )(15,457,421 )(15,785,731)(15,367,941)(15,101,151)(15,413,961)(14,977,431)(14,753,111

Insurance )(747,420 )(766,108 )(768,023 )(768,023 )(768,023 )(768,023 )(768,023 )(768,023 )(768,023 )(768,023 )(768,023)(768,023)(768,023)(768,023)(768,023)(768,023

Interest Expense )(812,278 )(806,812 )(826,715 )(750,990 )(680,310 )(573,415 )(392,905 )(345,067 )(248,046 )(174,274 )(4,199)(26,890)(66,699)(118,230

Utilities )(2,940,482 )(2,927,284 )(2,957,447 )(2,981,127 )(3,005,120 )(3,029,432 )(3,054,072 )(3,079,045 )(3,104,356 )(3,130,010 )(3,291,499)(3,263,654)(3,236,194)(3,209,104)(3,182,383)(3,156,020

Depreciation )(11,136,744 )(11,701,546 )(12,053,368 )(12,156,999 )(12,430,073 )(12,704,869 )(12,811,543 )(13,061,275 )(13,330,700 )(13,646,459 )(15,901,932)(15,427,134)(14,416,567)(14,354,965)(14,116,886)(13,855,736

Other Expense )(3,582,123 )(2,223,843 )(2,001,876 )(1,970,301 )(1,868,725 )(1,837,149 )(1,792,573 )(1,760,997 )(1,719,601 )(1,687,843 )(1,682,843)(1,682,843)(1,687,843)(1,682,843)(1,687,843)(1,682,843

)(63,152,400)(62,221,967)(60,936,349)(61,168,158)(60,521,637)(60,046,335)(60,586,402)(59,708,769)(59,516,598)(59,610,527)(59,360,138)(59,243,645)(59,494,986)(58,984,411)(59,062,664)(59,211,774

Net Result Excluding Rates )(45,178,435)(44,249,837)(42,966,034)(43,199,640)(42,554,898)(42,081,022)(42,621,032)(41,716,987)(41,515,301)(41,603,952)(41,348,515)(41,177,195)(41,474,392)(40,864,311)(40,851,147)(40,118,198

Non Cash Expenditure and RevenueDepreciation 15,901,93215,427,13414,416,56714,354,96514,116,88613,855,73613,646,45913,330,70013,061,27512,811,54312,704,86912,430,07312,156,99912,053,36811,701,54611,136,744

New Self Supporting Loans )(80,000

Movement in Non-Current Assets and Liabilities

Provisions and Accruals 62,100 62,100 62,100 62,100 62,100 62,100 62,100 62,100 62,100 62,100 62,10062,10062,10062,10062,10062,100

62,10062,10062,10062,10062,10062,10062,10062,10062,10062,10062,10062,10062,10062,10062,10062,100

Capital Revenue

Grants and Contributions for the Development of

Assets

11,603,582 4,918,100 4,596,333 3,747,333 13,844,862 3,332,666 1,743,333 918,000 418,000 1,158,000 7,918,0004,568,000928,0001,018,000418,000618,000

Interest Received on Capital Grants 138,934

Proceeds on Disposal of Assets 925,835 304,443 519,446 528,138 419,911 383,993 207,321 532,446 511,240 477,411 562,077391,111518,738546,446235,323250,050

Proceeds from New Debentures 2,385,520 3,000,000 1,000,000 1,000,000

Transfers from Restricted Cash 10,258,909 11,582,770 )(396,163 )(2,292,300 )(2,579,598 )(885,567 )(1,336,827 )(1,567,546 )(2,770,365 )(1,538,743 )(3,113,831)(1,557,615)(2,365,274)(1,461,486)(1,510,025)(2,297,066

Loan Repayments - Self Supporting 192,261 197,691 149,261 144,179 149,418 154,848 160,476 166,310 172,357 47,774 9,499

5,366,2463,401,496)(918,536102,960)(856,702)(1,419,517144,442)(1,668,76849,210774,3032,985,94011,834,5933,127,3505,868,87720,003,00425,505,041

Capital Expenditure

Acquisition of Assets - Employee Costs )(129,142 )(4,128 )(2,500 )(2,500 )(2,500 )(2,500 )(2,500 )(25,287 )(2,500 )(2,500 )(2,500)(2,500)(2,500)(2,500)(2,500)(2,500

Acquisition of Assets - Material and Contracts )(31,389,624 )(26,143,151 )(13,064,289 )(10,668,844 )(20,991,262 )(12,745,375 )(10,933,374 )(11,200,065 )(10,507,384 )(13,060,485 )(22,114,733)(20,129,961)(15,517,386)(15,199,226)(13,865,264)(12,575,471

Acquisition of Assets - Cost Allocations )(95,620 )(1,761 )(2,500 )(2,500 )(2,500 )(2,500 )(2,500 )(15,477 )(2,500 )(2,500 )(2,500)(2,500)(2,500)(2,500)(2,500)(2,500

Repayment of Debentures )(2,230,770 )(2,300,521 )(2,416,920 )(2,334,721 )(2,226,305 )(2,318,814 )(2,415,638 )(2,144,825 )(1,658,449 )(1,103,373 )(118,740)(496,551)(827,371)(1,073,015

)(22,119,733)(20,134,961)(15,641,126)(15,700,777)(14,697,635)(13,653,486)(14,168,858)(12,170,833)(13,385,654)(13,354,012)(15,069,189)(23,222,567)(13,008,565)(15,486,209)(28,449,561)(33,845,156

121,109

245,158121,109

90,165171,328

90,165171,328

137,338197,146

137,338197,146

99,404231,559

99,404231,559

112,607101,471

112,607101,471

207,395195,813

207,395195,813

147,773127,854

147,773127,854

277,739589,321

277,739589,321Estimated Surplus (Deficit) June 30

Carried Forward

LESS

Estimated Surplus (Deficit) July 1

Brought Forward

ADD 2,321,428

46,091,93945,525,01244,965,86644,414,38243,870,44143,333,93142,804,73442,282,74041,739,50641,204,09440,676,37740,121,03639,156,42738,216,29037,222,47635,607,362Amount required to be raised from rates

)(46,091,939)(45,525,012)(44,965,866)(44,414,382)(43,870,441)(43,333,931)(42,804,734)(42,282,740)(41,739,506)(41,204,094)(40,676,377)(40,121,036)(39,156,427)(38,216,290)(37,222,476)(35,607,362Estimated rate revenue

of 90


2016-17

Statement of

Net Current AssetsForecast

2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26

Draft Budget Forecast Forecast ForecastForecast Forecast Forecast Forecast Forecast ForecastForecastForecastForecastForecastForecast

2026-27 2027-28 2028-29 2029-30 2030-31 2031-32

Current Assets

6,604,357 6,755,584 7,069,819 7,553,858 8,066,018 8,541,720 8,899,916 9,375,172 9,958,244 10,290,209Cash Unrestricted 10,852,071 11,256,383 11,754,493 12,137,451 12,632,515 13,220,684

20,876,746 9,293,976 9,690,139 11,982,439 14,562,037 15,447,604 16,784,431 18,351,977 21,122,342 22,661,085Cash Restricted 24,958,151 26,468,176 27,929,662 30,294,936 31,852,551 34,966,382

2,687,146 2,687,146 2,687,146 2,687,146 2,687,146 2,687,146 2,687,146 2,687,146 2,687,146 2,687,146Trade and Other Receivables 2,687,146 2,687,146 2,687,146 2,687,146 2,687,146 2,687,146

52,290 52,290 52,290 52,290 52,290 52,290 52,290 52,290 52,290 52,290Inventories 52,290 52,290 52,290 52,290 52,290 52,290

30,220,539 18,788,996 19,499,394 22,275,733 25,367,491 26,728,760 28,423,783 30,466,585 33,820,022 35,690,730 38,549,658 40,463,995 42,423,591 45,171,823 47,224,502 50,926,502

Current Liabilities

)(4,634,289 )(4,634,289 )(4,634,289 )(4,634,289 )(4,634,289 )(4,634,289 )(4,634,289 )(4,634,289 )(4,634,289 )(4,634,289Trade and Other Payables )(4,634,289 )(4,634,289 )(4,634,289 )(4,634,289 )(4,634,289 )(4,634,289

)(3,912,847 )(4,375,656 )(4,839,776 )(5,303,896 )(5,768,016 )(6,232,136 )(6,696,256 )(7,160,376 )(7,624,496 )(8,088,616Provisions )(8,552,736 )(9,016,856 )(9,480,976 )(9,945,096 )(10,409,216 )(10,873,336

)(8,547,135 )(9,009,944 )(9,474,064 )(9,938,184 )(10,402,304 )(10,866,424 )(11,330,544 )(11,794,664 )(12,258,784 )(12,722,904 )(13,187,024 )(13,651,144 )(14,115,264 )(14,579,384 )(15,043,504 )(15,507,624

NET CURRENT ASSETS 21,673,404 9,779,052 10,025,330 12,337,549 14,965,187 15,862,336 17,093,239 18,671,921 21,561,238 22,967,826 25,362,634 26,812,851 28,308,327 30,592,439 32,180,998 35,418,878

Less

Cash - Restricted

Receivables

)(20,876,746 )(9,293,976 )(9,690,139 )(11,982,439 )(14,562,037 )(15,447,604 )(16,784,431 )(18,351,977 )(21,122,342 )(22,661,085 )(24,958,151 )(26,468,176 )(27,929,662 )(30,294,936 )(31,852,551 )(34,966,382

)(207,337 )(207,337 )(207,337 )(207,337 )(207,337 )(207,337 )(207,337 )(207,337 )(207,337 )(207,337 )(207,337 )(207,337 )(207,337 )(207,337 )(207,337 )(207,337

NET CURRENT ASSET POSITION 589,321 277,739 127,854 147,773 195,813 207,395 101,471 112,607 231,559 99,404 197,146 137,338 171,328 90,166 121,110 245,159

of 90


Base Operating

Income and ExpenditureDraft Budget Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast ForecastForecast Forecast Forecast Forecast Forecast Forecast

2031-322030-312029-302028-292027-282026-272025-262024-252023-242022-232021-222020-212019-202018-192017-182016-17

Operating IncomeRates

35,451,956Rates General Inc 37,050,004 38,060,839 38,981,309 39,940,255 40,522,246 41,083,141 41,616,134 42,156,901 42,705,568 43,232,782 43,767,269 44,309,146 44,858,526 45,415,525 45,980,262

43,869Rates Specified Area Inc 45,843 46,874 47,811 48,767 49,255 49,748 50,245 50,747 51,254 51,767 52,285 52,808 53,336 53,869 54,408

155,406Rates Interim Inc 172,472 155,451 175,118 180,781 154,131 120,953 123,372 125,839 99,166 101,149 103,172 105,236 107,340 109,487 111,677

35,651,231 37,268,319 38,263,164 39,204,238 40,169,803 40,725,632 41,253,842 41,789,751 42,333,487 42,855,988 43,385,698 43,922,726 44,467,190 45,019,202 45,578,881 46,146,347

Operating Grants and Subsidies

2,010,473Operating Grant Inc 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473

2,010,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473 2,000,473

Contributions, Reimbursements and Donations

102,676Contribution Inc 96,488 96,488 96,488 96,488 96,488 96,488 96,488 92,488 70,488 70,488 70,488 70,488 70,488 70,488 70,488

754,560Reimbursement Inc 567,669 559,221 553,778 548,678 543,363 537,822 532,047 526,030 521,111 520,541 521,449 522,705 523,974 525,256 526,552

2,750Donation Inc 2,750 2,750 2,750 2,750 2,750 2,750 2,750 2,750 2,750 2,750 2,750 2,750 2,750 2,750 2,750

859,986 666,907 658,459 653,016 647,916 642,601 637,060 631,285 621,268 594,349 593,779 594,687 595,943 597,212 598,494 599,790

Fees and Charges

5,692,850Waste Collection Charge Inc 5,738,997 5,738,997 5,738,997 5,738,997 5,738,997 5,738,997 5,738,997 5,738,997 5,738,997 5,738,997 5,738,997 5,738,997 5,738,997 5,738,997 5,738,997

1,694,773Parking Fee Inc 1,744,712 1,744,712 1,744,712 1,744,712 1,744,712 1,744,712 1,744,712 1,744,712 1,744,712 1,744,712 1,744,712 1,744,712 1,744,712 1,744,712 1,744,712

897,773Property Lease and Rental Fee Inc 891,504 891,504 891,504 891,504 891,504 891,504 891,504 891,504 891,504 891,504 891,504 891,504 891,504 891,504 891,504

48,875General Hire Fee Inc 51,690 51,690 51,690 51,690 51,690 51,690 51,690 51,690 51,690 51,690 51,690 51,690 51,690 51,690 51,690

441,452Fine and Penalty Fee Inc 300,393 300,393 300,393 300,393 300,393 300,393 300,393 300,393 300,393 300,393 300,393 300,393 300,393 300,393 300,393

458,237Building and Planning Fee Inc 522,255 522,255 522,255 522,255 522,255 522,255 522,255 522,255 522,255 522,255 522,255 522,255 522,255 522,255 522,255

143,730Rating Fee Inc 137,025 137,025 137,025 137,025 137,025 137,025 137,025 137,025 137,025 137,025 137,025 137,025 137,025 137,025 137,025

3,104,602Sports Facility Fee Inc 3,077,077 3,077,077 3,077,077 3,077,077 3,077,077 3,077,077 3,077,077 3,077,077 3,077,077 3,077,077 3,077,077 3,077,077 3,077,077 3,077,077 3,077,077

1,651,434Miscellaneous Fee and Charge Inc 1,683,549 1,683,549 1,683,549 1,683,549 1,683,549 1,683,549 1,683,549 1,683,549 1,683,549 1,683,549 1,683,549 1,683,549 1,683,549 1,683,549 1,683,549

14,133,726 14,147,202 14,147,202 14,147,202 14,147,202 14,147,202 14,147,202 14,147,202 14,147,202 14,147,202 14,147,202 14,147,202 14,147,202 14,147,202 14,147,202 14,147,202

Interest Received

661,766Cash and Investment Interest Inc 461,766 461,766 461,766 461,766 461,766 461,766 461,766 461,766 461,766 461,766 461,766 461,766 461,766 461,766 461,766

388,046Rates Debtor Interest Inc 320,655 320,655 320,655 320,655 320,655 320,655 320,655 320,655 320,655 320,655 320,655 320,655 320,655 320,655 320,655

1,049,812 782,421 782,421 782,421 782,421 782,421 782,421 782,421 782,421 782,421 782,421 782,421 782,421 782,421 782,421 782,421

Other Revenue

374,735Miscellaneous Inc 356,671 356,671 356,671 356,671 356,671 356,671 356,671 356,671 356,671 356,671 356,671 356,671 356,671 356,671 356,671

374,735 356,671 356,671 356,671 356,671 356,671 356,671 356,671 356,671 356,671 356,671 356,671 356,671 356,671 356,671 356,671

54,079,963Total 55,221,993 56,208,390 57,144,021 58,104,486 58,655,000 59,177,669 59,707,803 60,241,522 60,737,104 61,266,244 61,804,180 62,349,900 62,903,181 63,464,142 64,032,904

of 90


Base Operating

Income and ExpenditureDraft Budget Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast ForecastForecast Forecast Forecast Forecast Forecast Forecast

2031-322030-312029-302028-292027-282026-272025-262024-252023-242022-232021-222020-212019-202018-192017-182016-17

Operating ExpenditureEmployee Costs

21,097,168Salary Exp 21,817,163 21,872,565 21,872,565 21,872,565 21,872,565 21,872,565 21,863,088 21,872,565 21,872,565 21,872,565 21,872,565 21,872,565 21,872,565 21,872,565 21,872,565

512,107Salary Accruals Exp 524,909 526,220 526,220 526,220 526,220 526,220 526,220 526,220 526,220 526,220 526,220 526,220 526,220 526,220 526,220

3,272,303Other Employee Related Exp 3,305,319 3,313,587 3,313,587 3,313,587 3,313,587 3,313,587 3,313,587 3,313,587 3,313,587 3,313,587 3,313,587 3,313,587 3,313,587 3,313,587 3,313,587

24,881,578 25,647,391 25,712,372 25,712,372 25,712,372 25,712,372 25,712,372 25,702,895 25,712,372 25,712,372 25,712,372 25,712,372 25,712,372 25,712,372 25,712,372 25,712,372

Materials and Contracts

3,046,720Material Exp 3,465,305 3,693,146 3,728,554 3,972,417 4,008,488 4,043,359 4,068,296 4,100,671 4,179,421 4,210,111 4,235,431 4,317,961 4,341,151 4,592,941 4,607,731

520,380Fuel Exp 666,514 666,514 666,514 666,514 666,514 666,514 666,514 666,514 666,514 666,514 666,514 666,514 666,514 666,514 666,514

66,620Contract Employment Exp 66,620 66,620 66,620 66,620 66,620 66,620 66,620 66,620 66,620 66,620 66,620 66,620 66,620 66,620 66,620

656,890Consultants Exp 693,957 693,957 693,957 693,957 693,957 693,957 693,957 693,957 693,957 693,957 693,957 693,957 693,957 693,957 693,957

7,131,573Contractors Exp 7,224,625 7,224,625 7,224,625 7,224,625 7,224,625 7,276,125 7,276,125 7,276,125 7,276,125 7,276,125 7,276,125 7,276,125 7,276,125 7,276,125 7,276,125

990,722Software License or Maintenance Exp 994,889 994,889 994,889 982,889 982,889 982,889 982,889 982,889 982,889 982,889 982,889 982,889 982,889 982,889 982,889

264,212Equipment Lease or Hire Exp 331,397 331,397 331,397 331,397 331,397 331,397 331,397 331,397 331,397 331,397 331,397 331,397 331,397 331,397 331,397

144,247Bank Fee and Charges Exp 141,278 141,278 141,278 141,278 141,278 141,278 141,278 141,278 141,278 141,278 141,278 141,278 141,278 141,278 141,278

12,821,364 13,584,585 13,812,426 13,847,834 14,079,697 14,115,768 14,202,139 14,227,076 14,259,451 14,338,201 14,368,891 14,394,211 14,476,741 14,499,931 14,751,721 14,766,511

Insurance

747,420Insurance Exp 766,108 768,023 768,023 768,023 768,023 768,023 768,023 768,023 768,023 768,023 768,023 768,023 768,023 768,023 768,023

747,420 766,108 768,023 768,023 768,023 768,023 768,023 768,023 768,023 768,023 768,023 768,023 768,023 768,023 768,023 768,023

Interest Expense

806,403Interest Loan Borrowings Exp 801,004 821,426 745,856 675,986 569,802 390,037 342,971 246,581 173,268 117,550 66,315 26,735 4,199

5,875Interest Accrual Exp 5,808 5,289 5,134 4,324 3,613 2,868 2,096 1,465 1,006 680 384 155

812,278 806,812 826,715 750,990 680,310 573,415 392,905 345,067 248,046 174,274 118,230 66,699 26,890 4,199

Utilities

2,037,972Electricity Exp 1,992,111 2,007,857 2,018,432 2,029,058 2,039,739 2,050,471 2,061,257 2,072,098 2,082,994 2,093,945 2,104,950 2,116,010 2,127,123 2,138,292 2,149,515

564,990Water Exp 590,415 603,697 615,772 628,087 640,646 653,460 666,530 679,861 693,459 707,332 721,481 735,909 750,629 765,638 780,952

289,270Gas Exp 294,335 294,335 294,335 294,335 294,335 294,335 294,335 294,335 294,335 294,335 294,335 294,335 294,335 294,335 294,335

48,250Sewerage Exp 50,423 51,558 52,588 53,640 54,712 55,806 56,923 58,062 59,222 60,408 61,617 62,850 64,107 65,389 66,697

2,940,482 2,927,284 2,957,447 2,981,127 3,005,120 3,029,432 3,054,072 3,079,045 3,104,356 3,130,010 3,156,020 3,182,383 3,209,104 3,236,194 3,263,654 3,291,499

Depreciation

2,824,202Depreciation Building Exp 2,914,535 2,965,236 2,971,628 2,974,732 2,982,053 2,988,481 2,997,948 3,005,269 3,045,123 3,063,885 3,083,362 3,130,723 3,170,649 3,196,560 3,335,442

Depreciation Civil Infrastructure Exp 603,493 591,567 576,089 562,271 552,528 548,070 537,111 527,542 515,024 523,762 526,188 528,762 525,849 519,697 525,208

2,654,696Depreciation Roads Exp 2,371,810 2,405,556 2,454,034 2,507,415 2,564,009 2,599,939 2,619,289 2,584,768 2,655,143 2,673,625 2,684,843 2,676,273 2,688,599 2,716,905 2,754,778

979,665Depreciation Pathways Exp 885,138 889,825 819,905 821,131 797,970 805,501 807,508 798,750 828,497 839,774 857,663 864,794 864,342 882,351 899,117

1,139,294Depreciation Stormwater Exp 1,036,207 1,040,184 1,039,902 1,045,020 1,046,314 1,049,719 1,054,947 1,151,660 1,068,454 1,080,040 1,090,228 1,053,910 925,882 936,133 945,008

438,519Depreciation Open Space Exp 457,142 481,705 452,691 483,040 496,994 423,134 423,358 425,702 484,922 497,784 516,003 523,764 533,133 1,275,980 1,288,480

270,858Depreciation Marine Exp 262,286 273,532 234,185 235,238 233,872 234,746 236,278 233,692 239,999 220,060 198,733 197,316 195,162 197,330 198,580

351,371Depreciation Other Infrastructure Exp 439,269 451,484 456,524 464,379 461,312 468,546 470,687 463,698 451,453 457,037 476,464 471,432 454,781 466,842 479,345

1,162,865Depreciation Plant and Vehicle Exp 1,312,534 1,495,914 1,647,452 1,793,051 1,970,885 2,056,646 2,234,013 2,376,133 2,548,038 2,650,505 2,774,421 2,958,102 3,070,867 3,192,521 3,399,041

974,932Depreciation Equipment Exp 1,066,710 1,094,131 1,130,705 1,160,496 1,208,071 1,238,159 1,271,464 1,345,204 1,378,879 1,410,353 1,459,007 1,491,231 1,520,217 1,567,808 1,595,093

123,738Depreciation Furniture and Fittings Exp 131,818 138,952 142,910 146,620 148,449 150,433 154,719 158,518 165,325 167,443 172,613 175,375 177,852 179,793 180,626

216,604Depreciation Other Asset Exp 220,604 225,282 230,974 236,680 242,412 248,169 253,953 259,764 265,602 271,468 277,361 283,283 289,234 295,214 301,214

11,136,744 11,701,546 12,053,368 12,156,999 12,430,073 12,704,869 12,811,543 13,061,275 13,330,700 13,646,459 13,855,736 14,116,886 14,354,965 14,416,567 15,427,134 15,901,932

Other Expense

98,473Contrib, Donation and Sponsorship Exp 98,473 98,473 98,473 98,473 98,473 98,473 98,473 98,473 98,473 98,473 98,473 98,473 98,473 98,473 98,473

514,320Elected Member Exp 514,320 514,320 514,320 514,320 514,320 514,320 514,320 514,320 514,320 514,320 514,320 514,320 514,320 514,320 514,320

45,061Taxation and Levy Exp 31,300 31,300 31,300 31,300 31,300 31,300 31,300 31,300 31,300 31,300 31,300 31,300 31,300 31,300 31,300

2,850Miscellaneous Non Cash Exp 2,850 2,850 2,850 2,850 2,850 2,850 2,850 2,850 2,850 2,850 2,850 2,850 2,850 2,850 2,850

490,502Miscellaneous Exp 477,002 477,002 477,002 477,002 477,002 477,002 477,002 477,002 477,002 477,002 477,002 477,002 477,002 477,002 477,002

1,151,206 1,123,945 1,123,945 1,123,945 1,123,945 1,123,945 1,123,945 1,123,945 1,123,945 1,123,945 1,123,945 1,123,945 1,123,945 1,123,945 1,123,945 1,123,945

54,491,072Total 56,557,671 57,254,296 57,341,290 57,799,540 58,027,824 58,064,999 58,307,326 58,546,893 58,893,284 59,103,217 59,364,519 59,672,040 59,761,231 61,046,849 61,564,282

Base Operating Surplus (Deficit) )(411,109 )(1,335,678 )(1,045,906 )(197,269 304,946 627,176 1,112,670 1,400,477 1,694,629 1,843,820 2,163,027 2,468,6222,417,2933,141,9502,677,8602,439,661

of 90


Cash Backed ReservesForecast Draft Budget

2017-18

Opening

Balance 2016-17

Forecast2018-19 2019-20 2020-21

ForecastForecastForecastForecastForecastForecastForecastForecastForecastForecastForecastForecastForecast

2021-22 2022-23 2023-24 2024-25 2027-28 2028-292025-26 2026-27 2029-30 2030-31 2031-32

ACDI Equipment Replacement Program

Purpose: For the purchase and upgrade of equipment used by Australian Centre for Digital Innovation

Opening Balance 669,195587,895 587,895 751,622 834,049 916,476 998,903 1,081,330 1,163,757 1,246,184 1,328,611 1,411,038 1,493,465 1,575,892 1,658,319 1,740,746 1,823,173

Transfers to Reserves (Based on Operating

Surplus)

81,300 82,427 82,427 82,427 82,427 82,427 82,427 82,427 82,427 82,427 82,427 82,427 82,427 82,427 82,427 82,427

Transfers to Reserves (Specified Amount)

Transfers from Reserves (Operating and Capital

Projects)

Transfers from Reserves (Loan Principal and

Interest Repayments)

Closing Balance 669,195 751,622 834,049 916,476 998,903 1,081,330 1,163,757 1,246,184 1,328,611 1,411,038 1,493,465 1,575,892 1,658,319 1,740,746 1,823,173 1,905,600

Airport Reserve

Purpose: To receipt funds from airport leases for the future provision of asset management and expansion projects at the airport

Opening Balance 031,178 31,178 69,441 134,039 190,700 284,529 78,533 172,717 267,088 361,652 485,438 609,224 733,010 856,796 980,582 1,104,368


Surplus)

123,786 123,786 123,786 123,786 123,786 123,786 123,786 123,786 123,786 123,786 123,786 123,786 123,786 123,786 123,786 123,786



Projects)

)(108,463 )(23,900 )(28,900 )(37,000 )(300,000



)(46,501 )(30,445 )(30,288 )(30,125 )(29,957 )(29,782 )(29,602 )(29,415 )(29,222

Closing Balance 0 69,441 134,039 190,700 284,529 78,533 172,717 267,088 361,652 485,438 609,224 733,010 856,796 980,582 1,104,368 1,228,154

Asset Management and Renewal

Purpose: To provide funding for future asset management/renewal programs/projects

Opening Balance 3,475,5024,447,972 4,447,972 486,104 371,104 771,104 1,371,104 1,621,104 2,121,104 2,221,104 1,921,104 2,321,104 2,471,104 2,671,104 2,821,104 3,121,104 3,971,104


Surplus)

600,000 100,000 100,000 400,000 600,000 250,000 500,000 100,000 100,000 400,000 150,000 200,000 200,000 300,000 850,000 100,000

Transfers to Reserves (Specified Amount) 84,848


Projects)

)(1,657,318 )(3,089,398 )(215,000 )(400,000 )(50,000



Closing Balance 3,475,502 486,104 371,104 771,104 1,371,104 1,621,104 2,121,104 2,221,104 1,921,104 2,321,104 2,471,104 2,671,104 2,821,104 3,121,104 3,971,104 4,071,104

Building Restoration and Maintenance

Purpose: For the purchase and upgrade of Council Buildings

Opening Balance 353,180238,254 238,254 353,180 353,180 353,180 353,180 353,180 353,180 353,180 353,180 353,180 353,180 353,180 353,180 353,180 353,180


Surplus)

Transfers to Reserves (Specified Amount) 219,000


Projects)

)(104,074



Closing Balance 353,180 353,180 353,180 353,180 353,180 353,180 353,180 353,180 353,180 353,180 353,180 353,180 353,180 353,180 353,180 353,180

of 90



2017-18

Opening

Balance 2016-17

Forecast2018-19 2019-20 2020-21


2021-22 2022-23 2023-24 2024-25 2027-28 2028-292025-26 2026-27 2029-30 2030-31 2031-32

Bunbury Museum and Heritage Centre Reserve

Purpose: To provide funding for the Museum

Opening Balance 11,64262,438 62,438 11,642 11,642 11,642 11,642 11,642 11,642 11,642 11,642 11,642 11,642 11,642 11,642 11,642 11,642


Surplus)



Projects)

)(50,796



Closing Balance 11,642 11,642 11,642 11,642 11,642 11,642 11,642 11,642 11,642 11,642 11,642 11,642 11,642 11,642 11,642 11,642

Canal Management

Purpose: To receipt specified area rating from the Pelican Point Canal Development to provide for the ongoing management and maintenance of the Canal residential and commercial area

Opening Balance 456,015444,146 444,146 501,858 548,732 596,543 645,310 694,565 744,313 794,558 845,305 896,559 948,326 1,000,611 1,053,419 1,106,725 1,160,594


Surplus)

43,869 45,843 46,874 47,811 48,767 49,255 49,748 50,245 50,747 51,254 51,767 52,285 52,808 53,306 53,869 54,408



Projects)

)(32,000



Closing Balance 456,015 501,858 548,732 596,543 645,310 694,565 744,313 794,558 845,305 896,559 948,326 1,000,611 1,053,419 1,106,725 1,160,594 1,215,002

City Arts Collection

Purpose: For the purchase and upgrade of Council's Art Collection

Opening Balance 38,98438,984 38,984 38,984 38,984 38,984 38,984 38,984 38,984 38,984 38,984 38,984 38,984 38,984 38,984 38,984 38,984


Surplus)



Projects)



Closing Balance 38,984 38,984 38,984 38,984 38,984 38,984 38,984 38,984 38,984 38,984 38,984 38,984 38,984 38,984 38,984 38,984

City of Bunbury General Parking

Purpose: To fund Council's general parking motor vehicle parking requirements within the City of Bunbury

Opening Balance 1,681,5252,083,926 2,083,926 2,233,804 2,778,186 3,402,577 4,198,688 4,604,967 4,534,627 5,368,160 5,886,660 6,720,127 7,428,561 7,946,962 8,780,330 9,613,665 10,131,966


Surplus)

744,917 735,763 734,129 734,097 734,065 734,033 734,001 733,968 733,935 733,902 733,869 733,836 733,803 733,770 733,736 733,702

Transfers to Reserves (Specified Amount) 65,195 124,565 124,565 124,565 124,565 124,565 124,565 124,565 124,565 124,565 124,565 124,565 124,565 124,565 124,565 124,565


Projects)

)(994,304 )(90,000 )(119,000 )(40,000 )(25,000 )(415,000 )(891,800 )(25,000 )(340,000 )(25,000 )(150,000 )(340,000 )(25,000 )(25,000 )(340,000 )(25,000



)(218,209 )(218,049 )(195,312 )(194,271 )(37,519 )(37,319 )(37,106

Closing Balance 1,681,525 2,233,804 2,778,186 3,402,577 4,198,688 4,604,967 4,534,627 5,368,160 5,886,660 6,720,127 7,428,561 7,946,962 8,780,330 9,613,665 10,131,966 10,965,233

of 90



2017-18

Opening

Balance 2016-17

Forecast2018-19 2019-20 2020-21


2021-22 2022-23 2023-24 2024-25 2027-28 2028-292025-26 2026-27 2029-30 2030-31 2031-32

College Grove Subdivision Amended Joint Venture Reserve

Purpose: To provide funding for the development of land relating to the amended College Grove joint venture

Opening Balance 42,19232,818 32,818 71,566 100,940 130,314 159,688 189,062 218,436 247,810 277,184 306,558 335,932 365,306 394,680 424,054 453,428


Surplus)

29,374 29,374 29,374 29,374 29,374 29,374 29,374 29,374 29,374 29,374 29,374 29,374 29,374 29,374 29,374 29,374



Projects)

)(20,000



Closing Balance 42,192 71,566 100,940 130,314 159,688 189,062 218,436 247,810 277,184 306,558 335,932 365,306 394,680 424,054 453,428 482,802

Depot Construction

Purpose: To receipt funds received from Council's associated land sales raised for the purpose of constructing a new depot

Opening Balance 120,0001,585,182 1,585,182 120,000 120,000 120,000 120,000 120,000 120,000 120,000 120,000 120,000 120,000 120,000 120,000 120,000 120,000


Surplus)

120,000



Projects)

)(1,585,182



Closing Balance 120,000 120,000 120,000 120,000 120,000 120,000 120,000 120,000 120,000 120,000 120,000 120,000 120,000 120,000 120,000 120,000

Disaster Relief Fund

Purpose: To provide relief of personal hardship and distress arising from natural disasters

Opening Balance 100,000100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000


Surplus)



Projects)

)(20,000 )(20,000 )(20,000 )(20,000 )(20,000 )(20,000 )(20,000 )(20,000 )(20,000 )(20,000 )(20,000 )(20,000 )(20,000 )(20,000 )(20,000 )(20,000



Closing Balance 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000

Dual Use Path Upgrade Contributions

Purpose: To receipt funds received from Council's subdivision conditions for the future provision of dual use path improvements and path management measures to benefit path infrastructure

Opening Balance 59,74659,746 59,746 59,746 59,746 59,746 59,746 59,746 59,746 59,746 59,746 59,746 59,746 59,746 59,746 59,746 59,746


Surplus)



Projects)



Closing Balance 59,746 59,746 59,746 59,746 59,746 59,746 59,746 59,746 59,746 59,746 59,746 59,746 59,746 59,746 59,746 59,746

of 90



2017-18

Opening

Balance 2016-17

Forecast2018-19 2019-20 2020-21


2021-22 2022-23 2023-24 2024-25 2027-28 2028-292025-26 2026-27 2029-30 2030-31 2031-32

Employee Entitlements and Insurance Reserve

Purpose: To provide future funds for employee related entitlements and insurance liabilities

Opening Balance 840,981764,562 764,562 833,981 830,981 830,981 830,981 830,981 830,981 830,981 830,981 830,981 830,981 830,981 830,981 830,981 830,981


Surplus)

90,419



Projects)

)(14,000 )(7,000 )(3,000



Closing Balance 840,981 833,981 830,981 830,981 830,981 830,981 830,981 830,981 830,981 830,981 830,981 830,981 830,981 830,981 830,981 830,981

Environmental

Purpose: For the future provision of environmental management and associated projects

Opening Balance 118,957195,057 195,057 69,857 98,757 115,757 165,757 215,757 265,757 315,757 365,757 415,757 465,757 515,757 565,757 615,757 665,757


Surplus)



Projects)

)(100,000 )(73,000



Closing Balance 118,957 69,857 98,757 115,757 165,757 215,757 265,757 315,757 365,757 415,757 465,757 515,757 565,757 615,757 665,757 715,757

Hay Park Regional Athletics Track

Purpose: To retain funds for the future replacement of the regional athletics track

Opening Balance 370,665300,665 300,665 440,665 510,665 580,665 650,665 720,665 790,665 860,665 930,665 665 70,665 140,665 210,665 280,665 350,665


Surplus)



Projects)

)(1,000,000



Closing Balance 370,665 440,665 510,665 580,665 650,665 720,665 790,665 860,665 930,665 665 70,665 140,665 210,665 280,665 350,665 420,665

Heritage Building Maintenance

Purpose: Income received from the lease or rental of heritage buildings to be set aside for the maintenance of heritage buildings

Opening Balance 27,50027,500 27,500 27,500 27,500 27,500 27,500 27,500 27,500 27,500 27,500 27,500 27,500 27,500 27,500 27,500 27,500


Surplus)



Projects)



Closing Balance 27,500 27,500 27,500 27,500 27,500 27,500 27,500 27,500 27,500 27,500 27,500 27,500 27,500 27,500 27,500 27,500

of 90



2017-18

Opening

Balance 2016-17

Forecast2018-19 2019-20 2020-21


2021-22 2022-23 2023-24 2024-25 2027-28 2028-292025-26 2026-27 2029-30 2030-31 2031-32

Infrastructure Development

Purpose: To receipt funds specifically raised from the annual rates levied for the development of infrastructure

Opening Balance 105,0530 0 80,073 125,701 1,111,142 1,745,986 2,140,830 2,334,007 2,668,851 4,563,695 5,658,539 6,353,383 6,748,227 6,893,071 7,087,915 6,782,759


Surplus)

Transfers to Reserves (Specified Amount) 354,520 725,020 1,105,628 1,495,441 1,894,844 1,894,844 1,894,844 1,894,844 1,894,844 1,894,844 1,894,844 1,894,844 1,894,844 1,894,844 1,894,844 1,894,844


Projects)

)(249,467 )(750,000 )(1,060,000 )(510,000 )(1,260,000 )(1,500,000 )(1,701,667 )(1,560,000 )(800,000 )(1,200,000 )(1,500,000 )(1,750,000 )(1,700,000 )(2,200,000



Closing Balance 105,053 80,073 125,701 1,111,142 1,745,986 2,140,830 2,334,007 2,668,851 4,563,695 5,658,539 6,353,383 6,748,227 6,893,071 7,087,915 6,782,759 8,677,603

Land Subdivision and Development

Purpose: To provide funding for land subdivision development

Opening Balance 340,723340,723 340,723 340,723 340,723 340,723 340,723 340,723 340,723 340,723 340,723 340,723 340,723 340,723 340,723 340,723 340,723


Surplus)



Projects)



Closing Balance 340,723 340,723 340,723 340,723 340,723 340,723 340,723 340,723 340,723 340,723 340,723 340,723 340,723 340,723 340,723 340,723

Local Planning Policy Framework

Purpose: To provide funding for Local Planning Policy Framework

Opening Balance 100,00050,000 50,000 150,000 138,000 103,000 2,000 52,000 102,000 91,000 101,000 1,000 51,000 101,000 91,000 101,000 1,000


Surplus)

15,000 60,000 60,000



Projects)

)(62,000 )(100,000 )(151,000 )(61,000 )(100,000 )(150,000 )(60,000 )(100,000 )(150,000



Closing Balance 100,000 150,000 138,000 103,000 2,000 52,000 102,000 91,000 101,000 1,000 51,000 101,000 91,000 101,000 1,000 51,000

Meat Inspection

Purpose: To make funds available to enable the monitoring of annual meat inspection income and expenditure to ensure as far as possible the service is carried out on a self balancing basis

Opening Balance 90,70773,983 73,983 105,546 119,728 133,910 148,092 162,274 176,456 190,638 204,820 219,002 233,184 247,366 261,548 275,730 289,912


Surplus)

16,724 14,839 14,182 14,182 14,182 14,182 14,182 14,182 14,182 14,182 14,182 14,182 14,182 14,182 14,182 14,182



Projects)



Closing Balance 90,707 105,546 119,728 133,910 148,092 162,274 176,456 190,638 204,820 219,002 233,184 247,366 261,548 275,730 289,912 304,094

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2017-18

Opening

Balance 2016-17

Forecast2018-19 2019-20 2020-21


2021-22 2022-23 2023-24 2024-25 2027-28 2028-292025-26 2026-27 2029-30 2030-31 2031-32

Plant and Equipment

Purpose: To provide for the purchase of plant and equipment, including office furniture, office equipment, computer hardware and software

Opening Balance 323,327323,327 323,327 323,327 323,327 73,327 73,327 73,327 73,327 73,327 73,327 73,327 73,327 73,327 73,327 73,327 73,327


Surplus)



Projects)

)(250,000



Closing Balance 323,327 323,327 323,327 73,327 73,327 73,327 73,327 73,327 73,327 73,327 73,327 73,327 73,327 73,327 73,327 73,327

Public Art Reserve

Purpose: To provide funding for the installation of artworks in public spaces

Opening Balance 135,333135,333 135,333 135,333 135,333 135,333 135,333 135,333 135,333 135,333 135,333 135,333 135,333 135,333 135,333 135,333 135,333


Surplus)



Projects)



Closing Balance 135,333 135,333 135,333 135,333 135,333 135,333 135,333 135,333 135,333 135,333 135,333 135,333 135,333 135,333 135,333 135,333

Refuse Collection and Waste Minimisation

Purpose: To receipt any annual surplus from Council's waste collection / minimisation program to provide future funding for Council's sanitation program

Opening Balance 2,402,2413,544,134 3,544,134 1,069,446 832,062 1,082,075 1,343,139 1,038,341 1,312,416 1,231,986 1,487,713 1,377,122 1,649,374 1,574,100 1,494,797 2,098,817 2,269,649


Surplus)

780,092 721,487 717,478 717,446 717,413 717,380 717,347 717,314 717,281 717,248 717,214 717,180 717,146 717,112 717,078 717,044



Projects)

)(1,921,985 )(2,054,282 )(954,862 )(467,433 )(456,349 )(1,022,178 )(443,272 )(797,744 )(461,554 )(827,839 )(444,962 )(792,454 )(796,449 )(113,092 )(546,246 )(905,501



Closing Balance 2,402,241 1,069,446 832,062 1,082,075 1,343,139 1,038,341 1,312,416 1,231,986 1,487,713 1,377,122 1,649,374 1,574,100 1,494,797 2,098,817 2,269,649 2,081,192

Regional Museum

Purpose: To fund Council's contribution toward the establishment of a regional museum

Opening Balance 03,442 3,442 0 0 0 0 0 0 0 0 0 0 0 0 0 0


Surplus)



Projects)

)(3,442



Closing Balance 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

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2017-18

Opening

Balance 2016-17

Forecast2018-19 2019-20 2020-21


2021-22 2022-23 2023-24 2024-25 2027-28 2028-292025-26 2026-27 2029-30 2030-31 2031-32

Road Upgrade Contributions

Purpose: To receipt funds received from Council's subdivision conditions for the future provision of road improvements and traffic management measures to benefit road infrastructure

Opening Balance 153,730153,730 153,730 153,730 153,730 153,730 153,730 153,730 153,730 153,730 153,730 153,730 153,730 153,730 153,730 153,730 153,730


Surplus)



Projects)



Closing Balance 153,730 153,730 153,730 153,730 153,730 153,730 153,730 153,730 153,730 153,730 153,730 153,730 153,730 153,730 153,730 153,730

Town Planning Act Section 20A

Purpose: To receipt income from the sale of Town Planning Act Section 20A Public Open Space Reserves to fund other public open space developments in accordance with the Town Planning Act

Opening Balance 456,222456,222 456,222 456,222 456,222 456,222 456,222 456,222 456,222 456,222 456,222 456,222 456,222 456,222 456,222 456,222 456,222


Surplus)



Projects)



Closing Balance 456,222 456,222 456,222 456,222 456,222 456,222 456,222 456,222 456,222 456,222 456,222 456,222 456,222 456,222 456,222 456,222

Town Planning Scheme Land Acquisition and Compensation

Purpose: For land acquisitions and compensation payable in respect to the implementation of Council's Town Planning schemes

Opening Balance 122,780135,000 135,000 122,780 122,780 122,780 122,780 122,780 122,780 122,780 122,780 122,780 122,780 122,780 122,780 122,780 122,780


Surplus)



Projects)

)(12,220



Closing Balance 122,780 122,780 122,780 122,780 122,780 122,780 122,780 122,780 122,780 122,780 122,780 122,780 122,780 122,780 122,780 122,780

Withers

Purpose: To provide funding for the implementation of the Withers Action Plan

Opening Balance 58,000315,379 315,379 0 0 0 0 0 0 0 0 0 0 0 0 0 0


Surplus)



Projects)

)(257,379 )(58,000



Closing Balance 58,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

9,107,130 9,666,111 11,958,411 14,538,009Total - Cash Backed Reserves 12,654,200 15,423,576 16,760,403 18,327,949 21,098,314 22,637,057 24,934,123 26,444,148 27,905,634 30,270,908 31,828,523 34,942,354

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Risk Management Outline

The City of Bunbury recognises that risk management is an integral part of the planning, management and decision-making processes that need to be considered and addressed by everyone. The City is committed to ensuring that the

effective management of risks remains central to all its operations while delivering a wide and diverse range of services to residents and visitors.

The City has developed a risk framework that is based on the AS/NZS ISO 31000:2009 principles, whilst also being specific and fit for purpose.

The Framework provides for:

• Identification, recognition and description of risks that provide opportunity or threaten the delivery of services;

• Analysis to establish an understanding of the sources, causes and consequences of risks should they occur;

• Identification, creation and review of controls and their ongoing effectiveness;

• Evaluation of risks to assist in sound and accountable decision-making;

• Processes to be reviewed to ensure new information is gathered, latest changes and trends are identified, successes and failures are recorded, lessons are learned, changes in internal and external context are detected and

emerging risks are captured.

The Chief Executive Officer conducts a review of the City’s risk management systems, internal control and legislative compliance and reports on its effectiveness and appropriateness to the Audit Committee and Council every quarter.

The City of Bunbury Risk Management Framework is supported by a Council Policy and Corporate Guideline.

All staff have a responsibility to understand and adhere to the Risk Management Policy, Corporate Guideline and related procedures. Where required, staff undertake risk assessments for all proposed projects in consultation with their

Team Leaders, Managers and Directors. Staff are expected to apply sound operational risk management practices within the work environment.

The City provides risk management operational training to Directors, Managers, Team Leaders and senior officers.

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Category / Rating Insignificant (1) Minor (2) Moderate (3) Significant (4) Severe (5)

*

Governance

/ Legal

Minor breach of regulation, legislation, policy, or

process requiring approval or variance

Contract – no effect on contract performance

Breach of regulation, legislation, policy, process or

legislative requirement requiring attention with

minimal damage control

Contract – communication between both parties

exposing minor concern with supply of goods /

services and rectification

Breach of regulation or legislation requiring internal

investigation, treatment or moderate damage

control

Contract – ongoing contractual issues which may

become a substantial breach

Breach of regulation or legislation resulting in

external investigation or third party actions

resulting in tangible loss and some damage to

reputation

Contract – termination of contract for default by

either party

Breach of regulation or legislation resulting in

external investigation or third party actions

resulting in substantial tangible loss and damage to

reputation

Contract – claim for damages or loss of profit /

reputation as a result of termination

*

Service Delivery

/ Interruption

Negligible impact on the effectiveness of the City's

processes and / or any backlog cleared in < 2 hours

Brief disruption of important service area,

noticeable effect to non-crucial service area and /

or backlog cleared in 3 hours – 1 day

Major effect to an important service area for a

short period, brief impact on multiple areas and / or

backlog cleared within 1 day – 2 weeks

Complete loss of an important service area for a

short period and / or issue resolved within 3 – 4

weeks

Major loss including several important areas of

service and / or for a protracted period >4 weeks

*Reputation

/ Publicity

Minor unsubstantiated publicity or damage to

reputation to a small audience, complaint from

individual / small group – gossip, limited social

media exposure

Minor damage to reputation to a small audience,

complaint from a large group of people –

mainstream media, social media seen by local

community

Damage to reputation to a specific audience, may

not have significant long-term or community effects

– state-wide mainstream media, social media item

taken up by people outside City

Local publicity of a major and persistent nature,

affecting the perception / standing with the

community – Australia-wide mainstream media,

social media taken up by large number of people

outside City

Substantial damage to public confidence leading to

sustained compromise in the achievement of

objectives, public embarrassment, high widespread

multiple news profile, likely to lead to dismissal of

Council / Councillors, or staff – World-wide

mainstream media, widespread social media item

taken up by vast numbers of people outside City

Environment

Negligible impacts affecting one site; disturbance to

individual native plants

Potential breach of state environmental law –

negotiated / no management of issue

Localised impacts; resolvable; small scale clearing of

bushland; small scale discharge of pollutants to

waters (10's to 100's of L)

Breach of state environmental law – no litigation,

warning issued by state, negotiated management of

issue

Localised impacts; general resolvable; significant

discharge of pollutants to waterways (1,000's of L);

clearing of 10's of hectares of bushland

Breach of state environmental law – litigation

Widespread and / or acute impacts; may or may not

be entirely resolvable; significant impact on listed

threatened species; clearing of a large amount of

bushland (100's of hectares)

Breach of federal environmental law - litigation

without jail time for perpetrator

Widespread and / or acute impacts; not resolvable;

highly significant impact on listed threatened

species

Breach of federal environmental law - litigation with

jail time for perpetrator

Assets

Damage where repairs are required however facility

/ infrastructure / network / hardware is still

operational

Minor loss / damage, repairs required

<2% of asset value

Short to medium term loss of key assets,

infrastructure and / or IT network / hardware

2% – 5% of asset value

Widespread, short to medium term loss of key

assets, infrastructure and / or IT network /

hardware

5% – 15% of asset value

Widespread, long-term loss of substantial key

assets, infrastructure and / or IT network /

hardware

>15% of asset value

Financial

Less than $10,000

Project deviation <2% from budget

$10,000 – $50,000

Project deviation 2% – 5% from budget

$50,000 – $1M

Project deviation 5% – 14% from budget

$1M – $5M

Project deviation 15% – 20%

Greater than $5M

Health

/ Social Impact

Minor injuries, no impact on society

Full recovery 1 – 3 days

First aid treatment only, some individuals could be

impacted either positively or negatively

Full recovery 1 – 3 weeks

Doctor or hospital treatment, various individuals

could be impacted either positively or negatively

Full recovery 1 – 6 months

Extensive injuries or disabilities; pockets of the

community could be impacted either positively or

negatively

Partial / full recovery 6 – 12 months

Death or permanent disabilities; the whole

community could be impacted either positive or

negatively

Timeframe

Has it

happened at

COB in the

last 5 years?

Has it

happened at other

organisations in the last

5 years?

expected to occur in

most circumstances or

occurs regularly –

multiple times per year

regularly

regularly or multiple

times at other

organisations

Medium High High Extreme Extreme

happens fairly regularly,

probably occurs once

every year

several timesonce at multiple

organisationsLow Medium High High Extreme

occurs occasionally

or may occur

every 3 years

a few timesmultiple times at one

other organisationLow Medium Medium High High

occurs infrequently or is

not likely to occur –

maybe once

in 10 years

onceonce at one other

organisationLow Low Medium Medium High

only occurs in

exceptional

circumstances, once in

11 years or greater

never never Low Low Low Low Medium

CONSEQUENCES LIKELIHOOD MATRIX

Timeframes and Corporate History

RISK RATING

Use this matrix for all risk management (this

includes decision-making at all levels, projects

and planning activities).

For further guidance or assistance with your risk

management activities, please contact the

Governance Team.

More information on how to perform a risk

assessment may be found in the Risk

Management Guidelines (available from the

Governance Team and on the intranet).

When considering risks, here are some ideas to

get you started:

# Financial Loss

# Breaches of legislation / regulations

# Damage to the environment

# Reduction in service quality or loss of a service

# Damage to Council assets or private property

# Inefficiencies and / or waste resources

# Litigation

# Loss of reputation / community dissatisfaction

# Inability to attract / retain qualified staff

Guidance

Likelihood

ALMOST

CERTAIN

(5)

LIKELY

(4)

POSSIBLE

(3)

UNLIKELY

(2)

RARE

(1)

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Scenario Modelling and Sensitivity Analysis

Council’s 15-year Integrated Financial Plan is based on a range of assumptions including anticipated inflation on revenues and expenditures, ongoing external funding sources, interest rates and loan borrowing requirements, levels of

service, and improvements in asset management and renewal. Whilst some of these assumptions would have a relatively minor impact if they were to change, variations in other assumptions have the potential to significantly impact

future financial plans.

Scenario modelling and sensitivity analysis has been undertaken to establish the level of flexibility in the Integrated Financial Plan when subjected to both beneficial and/or negative variations to our baseline assumptions.

Six scenarios were developed and modelled - with variations to the key price drivers of CPI estimates and annual rate increases - to determine the capacity of the City to meet community expectations, maintain appropriate levels of

service, and to deliver its planned works program and improvements to asset management and renewal.

The scenarios developed were;

1. Baseline - Current Model

o based on existing key assumptions (as adopted by Council in the 2015-16 to 2030-31 Integrated Financial Plan); a 3.50% per annum rate increase, an additional 1.00% rate increase for five (5) years (from 2016-17 to 2020

-21) specifically for infrastructure development, and CPI rates as forecast in the 2016-17 WA State Government Budget

2. Scenario A - Lower Annual Rate Increases

o based on Council adopting a rate increase of 1.50% for the first two (2) years, 2.50% for next two (2) years, then 3.50% for the rest of the plan; all other key assumptions remain the same (ie: additional 1% rate increase

for infrastructure development, and CPI rates as forecast by the State Government)

3. Scenario B - Higher Annual Rate Increases

o based on Council adopting a rate increase of 4.50% for the first three (3) years, then 3.50% for the rest of the plan; all other key assumptions remain the same

4. Scenario C - Extending the 1% rate increase for Infrastructure Development

o based on Council adopting to extend the additional 1% rate increase for infrastructure development for a further five (5) years (2021-22 to 2025-26), whilst all other key assumptions remain the same (ie: 3.50% per

annum rate increase and CPI rates as forecast by the State Government)

5. Scenario D - Lower CPI Rate Increases

o based on CPI rates remaining low at 1.75% for the first two (2) years, increasing to 2.25% for the next two (2) years, then 2.50% for the rest of the plan; all other key assumptions remain the same

6. Scenario E - Lower Increases on both Annual Rates and CPI Rate

o based on a combination of Scenario A and D; Council adopting a rate increase of 1.50% for the first two (2) years, 2.50% for next two (2) years, then 3.50% for the rest of the plan; CPI rates remaining low at 1.75% for the

first two (2) years, increasing to 2.25% for the next two (2) years, then 2.50% for the rest of the plan; all other key assumptions remain the same

The results of this modelling (shown in the following graphs) were evaluated to ascertain the effect these variations have on Council’s net operating result and our ability to improve the asset renewal funding gap.

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Comment

Rate revenue will be better than the Current Model if there were

a higher annual rate increase, an extension of the 1% for

Infrastructure Development, or lower CPI.

Lower rate increases result in a worse result than the Current

Model.

Higher annual rates result in an additional $17M over the life of

the plan; and the extension of the 1% for Infrastructure

Development for a further five (5) years, provides an extra

$19.6M over the IFP.

Comment

The effect of higher or lower rate increases can be clearly shown

in this graph.

Higher rate increases result in the City achieving an operating

surplus sooner, while any rate decrease prolongs the operating

deficit.

Changes in CPI have little effect.

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Definition

Operating revenue minus operating expense, divided by own

source operating revenue.

Interpretation

15% or greater indicates the Council is achieving a strong

operating surplus which will enable future improvements in

service delivery and support asset management.

Lower than 0% indicates the Council is generating insufficient

revenue to sustain existing levels of service and adequately

maintain its assets.

Comment

Even with the higher rate increases, the City only achieves a basic

standard.

Definition

Own source operating revenue divided by operating expense.

Interpretation

Measures Council's ability to cover operating expenses from own

source revenue; the higher the ration, the more self-reliant the

Council is.



Comment

No significant changes in this ratio is noted from the difference

models used.

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Definition

Capital renewal and replacement expenditure divided by

depreciation expense.

Interpretation

Measures the extent to which assets are being renewed or

replaced compared to the amount consumed (depreciation).

110% or greater indicates that the Council is investing in asset

renewal to the degree that offsets current asset consumption.

90% or less indicates that the Council is failing to allocate

sufficient funds for asset renewal.

Comment

The ability to allocate additional funds into capital renewal from

high rate increases significantly improves this ratio - especially

under the 'Extend 1% Rate Increase for Infrastructure' model.

Conversely, lower rate increases negatively effect the ratio.

Definition

Net present value (NPV) of planned capital works over ten (10)

years, divided by net present value (NPV) of required capital

renewals over ten (10) years.

Interpretation

Measures the extent to which assets are being renewed

compared to the amount consumed (depreciation).

95% or greater indicates that the Council is investing in asset

renewal to the degree that offsets the current consumption of its

assets.

75% or less indicates that the Council is failing to allocate

sufficient funds to asset renewal

Comment

Please refer to comments in the 'Asset Sustainability Ratio' above.

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Interpretation

The Asset Renewal Funding Gap is the difference between what is

planned to be spent on asset renewal, over the fifteen (15) years

of the IFP, and what needs to be spent.

Comment

The Asset Renewal Funding Gap is significantly closed with the

extension of the additional 1% for Infrastructure Development for

a further five (5) years. Improvements can also be seen if high

rate increases are imposed.

Lower rate increases, on the other hand, significantly

increases the Asset Renewal Funding Gap.

Lower CPI has minimal impact.

In summary, it can be seen that;

o Scenario A (Lower Annual Rate Increases) has a detrimental effect on Council’s net operating deficit (compared to the baseline scenario) and severely influences Council’s ability to maintain service levels. It would also

significantly impacts the asset renewal funding gap, increasing this shortfall from $37.8M to $61.5M.

o Scenario B (Higher Annual Rate Increases) assists in reducing Council’s net operating deficit, and generates additional revenue which, if applied to asset management and renewal, would reduce our asset funding gap

from $37.8M to $20.8M.

o Scenario C (Extending additional 1% rate increase for Infrastructure Development) also reduces Council’s net operating deficit, generating an additional $19.6M ( over the life of the plan) specifically for the

Infrastructure Development Reserve. Utilising this additional reserve funding would significantly improve Council’s asset renewal funding gap, reducing the shortfall from $37.8M to just over $1.6M.

o Scenario D (Lower CPI Rate Increases) confirms that although low CPI rates would moderately increase rate revenue received, this would have minimal effect on Council’s net operating deficit when compared to the

baseline scenario.

o Scenario E (Lower Increases for both Annual Rates and CPI Rate) has a detrimental effect on Council’s net operating deficit, severely influences Council’s ability to maintain service levels, and negatively impacts the asset

renewal funding gap, increasing the gap from $37.8M to $56.7M.

The analysis of these scenarios supports the Council in making informed decisions regarding future financial plans.

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Workforce Planning Strategies

The Workforce Plan has been developed to ensure that the City is well placed in terms of human resourcing requirements to enable the effective delivery of services, whist meeting community expectations. The Plan aims to deliver

outcomes in a manner consistent with the values of the Council and are in line with the adopted Strategic Community Plan. The Workforce Plan also helps to ensure that the City has the right people in the right place to build a

resilient and sustainable organisation.

The City of Bunbury aims to establish and maintain a professional approach that:

- Aligns the Workforce Plan strategies with the established strategic direction of the City

- Aspires to our position as a leader in local government and an employer of choice

- Incorporates the best practices of Human Resource Management for all employees and managers

- Ensures staff have a quality work life and contribute to the development of the organisation

- Builds a safety culture dedicated to employee 'wellness' and the prevention of injuries/ill health to all employees and volunteers

- Maintains a minimum permanent workforce to ensure effective service delivery

The City of Bunbury recognises the importance of the contribution of individuals and the consequent obligations to provide a safe, supportive and stimulating work environment for all its employees. The Council is faced with many

and varied challenges and some of these can be appropriately planned for, others can't be planned for.

The City's Workforce Plan supports the achievement of objectives in the "Strategic Community Plan: Bunbury 2030" by focussing attention on the important people issues within the Council. The plan will provide a strategic approach,

which supports managers and employees to effectively utilise the Council's human talent to achieve the goals of Council.

Employment costs at the City of Bunbury account for around half of the Council's operating budget. A strategic approach to the management of human resources at the City of Bunbury is critical. The Council's future success depends

on the skills, energy and commitment of its employees. The Council must attract, develop and retain employees by providing a working environment that will enable employees to maximise their contribution to the achievement of

the Council's Core Values, Mission and Vision.

The City of Bunbury recognises the importance of the contribution of individuals and the consequent obligations to provide a safe, supportive and stimulating work environment for all its employees. These issues will fundamentally

drive the Human Resource function and will provide the focus for the Workforce Plan.

The Council is faced with many and varied challenges and whilst some of these can be appropriately planned for in terms of workforce planning, there are some unknowns which cannot. In looking at the external environment in which

local government in Western Australia operates at present, there are ongoing uncertainties which create concern for staff. It is envisaged that the longer term planning for the City and the structuring of the Workforce Plan around the

community aspirations will assist in retaining our workforce.

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Workforce Planning Strategies - continued

Key environmental trends impacting the City of Bunbury's workforce needs include:

- Increasing demand and community expectations for service delivery by government agencies, especially within local government

- Ageing communities and the related change in service demands

- Service provision impacts of providing infrastructure/services as the regional hub for the South West

- Resourcing and financial constraints requiring Councils to find alternative revenue streams

The Workforce plan is based on delivering current levels of service and the projects identified in the Integrated Financial Plan. In order to develop a long term financial plan, there is a need to make a number of assumptions and the

maintenance of staffing number is one of these.

The current Workforce Plan has a total of 295 full-time equivalents and this is expected to vary between 290 - 300 over the life of the plan. Therefore for forecasting purposes, the plan is based on a full-time equivalent of 295, noting

that this will vary year on year, based on the final inclusion of projects and services in the annual budget process. There is flexibility within the workforce plan to allow for use of full-time, part-time, contract and temporary staff to

deliver projects over the life of the Integrated Financial Plan.

Continued review of staff roles and a focus on ensuring optimum operational efficiencies and productivity will facilitate this going forward. The plan proposes building our leadership capability and putting in place a robust staff

development program so that we have the necessary skills to deliver the required level of service now and into the future.

Corporate Structure

Chief Executive Officer

Office of the CEO Corporate & Community Services Works & ServicesFinance Arts and Culture Assets and Projects

Governance Community and Library Services Building and Trades

Major Projects and Property Information, Communication and Technology

Planning, Development & Regulatory Services Community Law, Safety and Emergency Management, and

Environmental Health

Sustainability, Planning and Development Services Engineering, Transport and Traffic Management

Organisational Development and Human Resources Sport and Recreation Landscaping and Open Space

Tourism and Events Waste Operations

This structure has been developed to guide flexibility in service delivery, whilst maintaining what has been identified as the core services and activities of Council.

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Asset Management

Council has adopted a strategic approach to asset management and has developed an asset management plan that will be continually reviewed and updated. The Asset Management Plan (AMP) will assist Council in predicting

infrastructure consumption and asset renewal needs, as well as identifying the additional expenditure required to renew or preserve current assets (renewal gap). This renewal gap will be addressed in future revisions of the

Integrated Financial Plan (IFP) and will be the focus of future budgets.

Funding for the renewal of assets will need to be increased to ensure sustainability. The continued allocation of funding towards the renewal of assets and funding for maintenance and upgrades will result in positive community

outcomes.

New asset acquisitions will be funded from external grants, loan borrowings, cash reserves and future operating surpluses.

Assumptions and General Information regarding the Asset Management Plan

General information applying to all asset classes

* The funding gap information provided within the AMP continues to be refined using additional data collected in the interim period.

* The bulk of the work undertaken to date has focused on the City’s infrastructure assets which represent the bulk of City’s asset risk and associated renewal funding requirements.

* All AMP targets provided are based on information available to date. Further improvements to the data relating to City assets (data knowledge and associated funding model predictions) will result in changes to

the gap analysis funding requirements.

* The AMP Funding Target represents the recommended renewal funding requirements derived from the City’s AMP. Values are based on the City’s current asset portfolio and levels of service; noting that any

future changes will affect the predicted levels of funding required.

* All Capital Expenditure totals are gross and do not include any grant or other project related income.

* Renewal forecasting is based on current asset condition and current replacement cost. To meet the requirements of changes to depreciation, future renewal forecasting and depreciation will include both asset

useful life and asset condition.

* Renewal Calculation - all ‘upgrade’ projects include a renewal component; this has been estimated at 80% of the project value as an average value across all asset classes.

* Unless otherwise stated below, AMP target expenditure is based on ‘normalised’ values and current predicted useful lives and incorporates condition inspection where completed.

Asset Specific Information by asset class

* Buildings The AMP target is based on current depreciation. The City is undertaking a detailed fair value and renewal valuation on City owned buildings during 2015-16 in accordance with the

Integrated Planning Framework reporting requirements. This will provide more accurate funding information which will be used in future revisions. In addition, work will be completed

during the current financial year to develop a 10-year forward works programme for the City’s major buildings, whilst at the same time building ownership and associated asset management

responsibilities are being reviewed for some buildings currently listed on the City’s asset register, to develop a consistent approach to the management and ownership of public buildings.

Note; new building capital expenditure represents 46% of all budgeted new capital expenditure for the forecast period.

* Furniture & Fittings This is a minor asset class which requires further data interrogation, which will be undertaken in future years. The AMP funding gap target is based on 2014-15 depreciation for the current

asset class inventory.

* Plant & Vehicles The current AMP target is based on current asset class data. The City is currently undertaking a review of its plant and vehicle requirements which will result in changes to future renewal

funding requirements. The AMP target will be updated when this review has been completed and implementation of any changes commenced.

* Equipment This is a minor asset class which requires further data interrogation, which will be undertaken in future years. The AMP funding gap target is based on 2014-15 depreciation for the current


* IT Equipment This is a minor asset class which requires further data interrogation, which will be undertaken in future years. The AMP funding gap target is based on 2014-15 depreciation for the current

asset class inventory. In addition, the City is undertaking a review of the way it manages its IT delivery and associated assets, which may result in future changes to renewal funding

requirements. Any changes will be reflected in future versions of the IFP. Note; depreciation excludes software.

* Parking Equipment This is a minor asset class which requires further data interrogation, which will be undertaken in future years. The AMP funding gap target is based on 2014-15 depreciation for the current


* Arts & Culture This is a minor asset class which requires further data interrogation, which will be undertaken in future years. The AMP funding gap target is based on 2014-15 depreciation for the current

asset class inventory and excludes the Library digital laser screen.

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Assumptions and General Information regarding the Asset Management Plan

* Other Assets This class has been established to include the Leschenault Inlet Masterplan (LIMP) Precinct 4 project within the IFP. This project will include new, upgrade and renewal project components

across multiple asset classes. At this point in time, the project funding has not been finalised, nor has it been developed to a detailed project scope level. This project represents 24% of all

budgeted new capital expenditure.

* Bridges Renewal projects have been identified for specific bridges and reflect the cumulative AMP target expenditure requirements.

* Bus Shelters The bus shelter replacement programme is developed in conjunction with the Public Transport Authority (PTA), and may not be reflective of renewal projections based solely on asset data,

as passenger usage data is also included in the development of the programme.

* Lighting AMP funding target provides for replacement of City owned lighting. This includes street lighting owned by the City, pathway lighting, sportsground lighting, security, airport, playground,

and information bay lighting.

* Marine Increased expenditure in the years 2018 to 2020, where the AMP funding gap has closed significantly, reflects the positive asset renewal performance for this asset class over the period.

* Open Space Increased expenditure in the years 2017 to 2021 reflects the positive asset renewal performance for this asset class over the period.

* Pathways AMP expenditure targets provide for replacement of pathway assets. Council has also resolved to expand the City's path network by one kilometre per annum.

* Refuse AMP expenditure targets include renewal funding for City owned refuse assets, including bin surrounds, and is based on annual requirements that result in flattened and consistent annual

expenditure for the plan period.

* Roads AMP expenditure targets include renewal funding requirements for road seal, surface and pavement only. The totals have been flattened over the period to provide consistent annual

expenditure for renewal projects. Backlog works are also included within the target.

* Signs AMP funding target provides for replacement of street name and non regulatory signs including advisory, tourist, information and parking signs.

* Stormwater AMP expenditure targets are based on current known data collected and extrapolated to 100% to cover all stormwater assets. The target also incorporates an upgrade component to ensure

an increase in stormwater management capacity.

* Structures AMP expenditure target provides for replacement of barriers, guardrails, shelters/shade sails, boardwalks, lookouts, stairways/steps, fences, flag poles, walls and retaining walls, entry

statements, sporting structures, and public art.

Definition

Depreciated replacement cost of assets divided by current replacement cost of

depreciable assets.

Interpretation

Measures the extent to which depreciable assets have been consumed by

comparing their written down value to their replacement cost.

60% or greater indicates the Council is investing in asset renewal.

50% or less indicates the Council is having difficulty undertaking a sustained

capital renewal program.

Comment

Assets are maintained at an advanced standard over the life of the IFP.

Asset Management Ratios

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Definition

Net present value (NPV) of planned capital works over ten (10) years, divided by

net present value (NPV) of required capital renewals over ten (10) years.

Interpretation

Measures the extent to which assets are being renewed compared to the

amount consumed (depreciation).



75% or less indicates that the Council is failing to allocate sufficient funds to

asset renewal.

Comment

The amount of asset renewal (as a 10 year average) continues to improve over

the IFP. Due to the ratio being based on a 10 year average the ratio can only be

calculated to 2022-23.

Asset Management Ratios

Definition

Capital renewal and replacement expenditure divided by depreciation expense.

Interpretation

Measures the extent to which assets are being renewed or replaced compared

to the amount consumed (depreciation).



90% or less indicates that the Council is failing to allocate sufficient funds for

asset renewal.

Comment

The ratio indicates that the City needs to allocate more capital expenditure on

asset renewal. This trend is supported by the Asset Management Plan Funding

Gap shown on pages 52 - 56.

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Capital Expenditure by Asset Class - Summary Draft Budget Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast TOTAL

Asset Management Plan Gap Analysis 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27 2027-28 2028-29 2029-30 2030-31 2031-32 Over 15 Yrs

Arts and Culture

Capital - New (Expansion) 15,000 15,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 290,000

Capital - Renewal 10,000 16,779 16,920 17,061 17,317 17,577 17,840 18,108 18,380 18,655 18,935 19,219 19,507 19,800 20,000 266,098

Capital - Upgrade - - - - - - - - - - - - - - - -

Total 25,000 31,779 36,920 37,061 37,317 37,577 37,840 38,108 38,380 38,655 38,935 39,219 39,507 39,800 40,000 556,098

Renewal Calculation

Capital - Renewal 100% 10,000 16,779 16,920 17,061 17,317 17,577 17,840 18,108 18,380 18,655 18,935 19,219 19,507 19,800 20,000 266,098

Capital - Upgrade 80% - - - - - - - - - - - - - - - -

Total Renewal Expenditure 10,000 16,779 16,920 17,061 17,317 17,577 17,840 18,108 18,380 18,655 18,935 19,219 19,507 19,800 20,000 266,098

Asset Management Plan (AMP) Target 17,854 17,854 17,854 17,854 17,854 17,854 17,854 17,854 17,854 17,854 17,854 17,854 17,854 17,854 17,854 267,810

AMP Funding Gap (7,854) (1,075) (934) (793) (537) (277) (14) 254 526 801 1,081 1,365 1,653 1,946 2,146 (1,712)

Bridges

Capital - New (Expansion) - - - - - - - - - - - - - - - -

Capital - Renewal - 400,000 - - 20,000 - - 25,000 - - 75,000 85,000 - 30,000 - 635,000

Capital - Upgrade - - - - - - - - - - - - - - - -

Total - 400,000 - - 20,000 - - 25,000 - - 75,000 85,000 - 30,000 - 635,000

Renewal Calculation

Capital - Renewal 100% - 400,000 - - 20,000 - - 25,000 - - 75,000 85,000 - 30,000 - 635,000

Capital - Upgrade 80% - - - - - - - - - - - - - - - -

Total Renewal Expenditure - 400,000 - - 20,000 - - 25,000 - - 75,000 85,000 - 30,000 - 635,000


AMP Funding Gap (401,050) 398,250 (2,550) (3,300) 15,900 (4,850) (6,050) 17,075 (10,850) (14,850) 55,600 61,650 (24,440) 5,010 (24,990) 60,555

Buildings

Capital - New (Expansion) 6,000,000 3,000,000 200,000 - - - - - 2,000,000 - - 2,000,000 30,000 300,000 7,500,000 21,030,000

Capital - Renewal 415,541 665,148 50,000 50,000 1,000,000 875,000 1,300,000 1,000,000 1,550,000 2,000,000 2,100,000 2,000,000 5,500,000 3,000,000 4,400,000 25,905,689

Capital - Upgrade 182,000 355,000 370,000 320,000 20,000 20,000 20,000 20,000 20,000 520,000 520,000 520,000 20,000 20,000 20,000 2,947,000

Total 6,597,541 4,020,148 620,000 370,000 1,020,000 895,000 1,320,000 1,020,000 3,570,000 2,520,000 2,620,000 4,520,000 5,550,000 3,320,000 11,920,000 49,882,689

Renewal Calculation

Capital - Renewal 100% 415,541 665,148 50,000 50,000 1,000,000 875,000 1,300,000 1,000,000 1,550,000 2,000,000 2,100,000 2,000,000 5,500,000 3,000,000 4,400,000 25,905,689

Capital - Upgrade 80% 145,600 284,000 296,000 256,000 16,000 16,000 16,000 16,000 16,000 416,000 416,000 416,000 16,000 16,000 16,000 2,357,600

Total Renewal Expenditure 561,141 949,148 346,000 306,000 1,016,000 891,000 1,316,000 1,016,000 1,566,000 2,416,000 2,516,000 2,416,000 5,516,000 3,016,000 4,416,000 28,263,289

Asset Management Plan (AMP) Target 2,532,664 2,532,664 2,532,664 2,532,664 2,532,664 2,532,664 2,532,664 2,532,664 2,532,664 2,532,664 2,532,664 2,532,664 2,532,664 2,532,664 2,532,664 37,989,960

AMP Funding Gap (1,971,523) (1,583,516) (2,186,664) (2,226,664) (1,516,664) (1,641,664) (1,216,664) (1,516,664) (966,664) (116,664) (16,664) (116,664) 2,983,336 483,336 1,883,336 (9,726,671)

Bus Shelters


Capital - Renewal 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 300,000

Capital - Upgrade - - - - - - - - - - - - - - - -

Total 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 300,000

Renewal Calculation

Capital - Renewal 100% 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 300,000

Capital - Upgrade 80% - - - - - - - - - - - - - - - -



AMP Funding Gap 7,900 5,375 3,280 715 (3,200) (8,150) (13,625) (17,385) (20,070) (23,750) (30,700) (40,200) (49,520) (53,470) (53,470) (296,270)

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Equipment

Capital - New (Expansion) 778,600 193,000 233,000 233,000 233,000 233,000 233,000 264,295 100,000 100,000 100,000 100,000 100,000 100,000 100,000 3,100,895

Capital - Renewal 144,750 62,875 10,225 30,080 7,235 33,645 72,270 36,750 76,710 50,290 20,185 59,290 20,420 7,430 - 632,155

Capital - Upgrade 19,800 - - - - - - - - - - - - - - 19,800

Total 943,150 255,875 243,225 263,080 240,235 266,645 305,270 301,045 176,710 150,290 120,185 159,290 120,420 107,430 100,000 3,752,850

Renewal Calculation

Capital - Renewal 100% 144,750 62,875 10,225 30,080 7,235 33,645 72,270 36,750 76,710 50,290 20,185 59,290 20,420 7,430 - 632,155

Capital - Upgrade 80% 15,840 - - - - - - - - - - - - - - 15,840

Total Renewal Expenditure 160,590 62,875 10,225 30,080 7,235 33,645 72,270 36,750 76,710 50,290 20,185 59,290 20,420 7,430 - 647,995

Asset Management Plan (AMP) Target 265,785 265,785 265,785 265,785 265,785 265,785 265,785 265,785 265,785 265,785 265,785 265,785 265,785 265,785 265,785 3,986,775

AMP Funding Gap (105,195) (202,910) (255,560) (235,705) (258,550) (232,140) (193,515) (229,035) (189,075) (215,495) (245,600) (206,495) (245,365) (258,355) (265,785) (3,338,780)

IT Equipment


Capital - Renewal 388,000 90,000 145,000 85,000 85,000 385,000 125,000 85,000 85,000 85,000 385,000 125,000 85,000 85,000 85,000 2,323,000

Capital - Upgrade 45,000 - - - - - - - - - - - - - - 45,000

Total 433,000 90,000 145,000 85,000 85,000 385,000 125,000 85,000 85,000 85,000 385,000 125,000 85,000 85,000 85,000 2,368,000

Renewal Calculation

Capital - Renewal 100% 388,000 90,000 145,000 85,000 85,000 385,000 125,000 85,000 85,000 85,000 385,000 125,000 85,000 85,000 85,000 2,323,000

Capital - Upgrade 80% 36,000 - - - - - - - - - - - - - - 36,000

Total Renewal Expenditure 424,000 90,000 145,000 85,000 85,000 385,000 125,000 85,000 85,000 85,000 385,000 125,000 85,000 85,000 85,000 2,359,000


AMP Funding Gap 45,283 (288,717) (233,717) (293,717) (293,717) 6,283 (253,717) (293,717) (293,717) (293,717) 6,283 (253,717) (293,717) (293,717) (293,717) (3,321,755)

Parking Equipment


Capital - Renewal - 15,000 15,000 - 315,000 - - 315,000 - - 315,000 - - 315,000 - 1,290,000

Capital - Upgrade - - - - - - - - - - - - - - - -

Total - 15,000 15,000 - 315,000 - - 315,000 - - 315,000 - - 315,000 - 1,290,000

Renewal Calculation

Capital - Renewal 100% - 15,000 15,000 - 315,000 - - 315,000 - - 315,000 - - 315,000 - 1,290,000

Capital - Upgrade 80% - - - - - - - - - - - - - - - -

Total Renewal Expenditure - 15,000 15,000 - 315,000 - - 315,000 - - 315,000 - - 315,000 - 1,290,000


AMP Funding Gap (127,244) (112,244) (112,244) (127,244) 187,756 (127,244) (127,244) 187,756 (127,244) (127,244) 187,756 (127,244) (127,244) 187,756 (127,244) (618,660)

Furniture and Fittings


Capital - Renewal 97,000 85,640 47,515 44,535 21,960 23,815 51,455 45,610 81,710 25,430 62,065 33,155 29,740 23,300 10,000 682,930

Capital - Upgrade - - - - - - - - - - - - - - - -

Total 97,000 85,640 47,515 44,535 21,960 23,815 51,455 45,610 81,710 25,430 62,065 33,155 29,740 23,300 10,000 682,930

Renewal Calculation

Capital - Renewal 100% 97,000 85,640 47,515 44,535 21,960 23,815 51,455 45,610 81,710 25,430 62,065 33,155 29,740 23,300 10,000 682,930

Capital - Upgrade 80% - - - - - - - - - - - - - - - -



AMP Funding Gap 44,954 33,594 (4,531) (7,511) (30,086) (28,231) (591) (6,436) 29,664 (26,616) 10,019 (18,891) (22,306) (28,746) (42,046) (97,760)

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Lighting


Capital - Renewal - - - - - - - - - 180,000 600,000 600,000 620,000 - - 2,000,000

Capital - Upgrade - 210,000 - 150,000 - - - - - - - - - - - 360,000

Total 20,000 230,000 20,000 170,000 70,000 20,000 20,000 20,000 20,000 200,000 620,000 620,000 640,000 20,000 20,000 2,710,000

Renewal Calculation

Capital - Renewal 100% - - - - - - - - - 180,000 600,000 600,000 620,000 - - 2,000,000

Capital - Upgrade 80% - 168,000 - 120,000 - - - - - - - - - - - 288,000

Total Renewal Expenditure - 168,000 - 120,000 - - - - - 180,000 600,000 600,000 620,000 - - 2,288,000


AMP Funding Gap (207,645) (62,300) (250,730) (146,875) (277,225) (278,525) (272,865) (262,380) (253,000) (65,550) 358,255 361,450 383,550 (233,530) (233,530) (1,440,900)

Marine

Capital - New (Expansion) - 347,906 - - - - - - - - - - - - - 347,906

Capital - Renewal 800,000 845,000 800,000 45,000 - 145,000 100,000 145,000 100,000 145,000 100,000 145,000 100,000 145,000 100,000 3,715,000

Capital - Upgrade - - - - - - - - - - - - - - - -

Total 800,000 1,192,906 800,000 45,000 - 145,000 100,000 145,000 100,000 145,000 100,000 145,000 100,000 145,000 100,000 4,062,906

Renewal Calculation

Capital - Renewal 100% 800,000 845,000 800,000 45,000 - 145,000 100,000 145,000 100,000 145,000 100,000 145,000 100,000 145,000 100,000 3,715,000

Capital - Upgrade 80% - - - - - - - - - - - - - - - -

Total Renewal Expenditure 800,000 845,000 800,000 45,000 - 145,000 100,000 145,000 100,000 145,000 100,000 145,000 100,000 145,000 100,000 3,715,000


AMP Funding Gap 453,275 524,350 546,725 (126,400) (100,290) 92,900 69,225 116,000 51,605 56,005 (56,175) (101,150) (254,100) (323,000) (368,000) 580,970

Open Space

Capital - New (Expansion) 225,500 - - - - - - - - - - - - 7,300,000 - 7,525,500

Capital - Renewal 673,500 530,000 704,500 730,000 510,000 360,000 486,000 386,000 1,394,000 250,000 524,000 250,000 350,000 260,000 250,000 7,658,000

Capital - Upgrade 320,000 100,000 212,000 - - - - - - - - - - - - 632,000

Total 1,219,000 630,000 916,500 730,000 510,000 360,000 486,000 386,000 1,394,000 250,000 524,000 250,000 350,000 7,560,000 250,000 15,815,500

Renewal Calculation

Capital - Renewal 100% 673,500 530,000 704,500 730,000 510,000 360,000 486,000 386,000 1,394,000 250,000 524,000 250,000 350,000 260,000 250,000 7,658,000

Capital - Upgrade 80% 256,000 80,000 169,600 - - - - - - - - - - - - 505,600

Total Renewal Expenditure 929,500 610,000 874,100 730,000 510,000 360,000 486,000 386,000 1,394,000 250,000 524,000 250,000 350,000 260,000 250,000 8,163,600


AMP Funding Gap 685,020 262,905 407,635 137,275 (201,185) (438,375) (348,890) (422,145) 658,840 (392,780) (52,720) (304,790) (236,410) (392,665) (402,665) (1,040,950)

Pathways

Capital - New (Expansion) 200,000 460,000 460,000 260,000 260,000 260,000 292,000 260,000 260,000 260,000 260,000 260,000 260,000 260,000 260,000 4,272,000

Capital - Renewal 215,000 100,000 200,000 477,000 400,000 500,000 425,000 500,000 750,000 860,000 1,325,000 1,490,000 1,400,000 1,450,000 1,500,000 11,592,000

Capital - Upgrade 200,000 - - - - 800,000 20,000 150,000 - 150,000 175,000 - - - - 1,495,000

Total 615,000 560,000 660,000 737,000 660,000 1,560,000 737,000 910,000 1,010,000 1,270,000 1,760,000 1,750,000 1,660,000 1,710,000 1,760,000 17,359,000

Renewal Calculation

Capital - Renewal 100% 215,000 100,000 200,000 477,000 400,000 500,000 425,000 500,000 750,000 860,000 1,325,000 1,490,000 1,400,000 1,450,000 1,500,000 11,592,000

Capital - Upgrade 80% 160,000 - - - - 640,000 16,000 120,000 - 120,000 140,000 - - - - 1,196,000

Total Renewal Expenditure 375,000 100,000 200,000 477,000 400,000 1,140,000 441,000 620,000 750,000 980,000 1,465,000 1,490,000 1,400,000 1,450,000 1,500,000 12,788,000

Asset Management Plan (AMP) Target 253,860 263,550 343,650 485,170 681,080 899,120 1,109,890 1,274,375 1,383,240 1,433,355 1,455,440 1,475,250 1,505,590 1,538,025 1,538,025 15,639,620

AMP Funding Gap 121,140 (163,550) (143,650) (8,170) (281,080) 240,880 (668,890) (654,375) (633,240) (453,355) 9,560 14,750 (105,590) (88,025) (38,025) (2,851,620)

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Plant and Vehicles


Capital - Renewal 1,796,746 2,201,441 1,819,184 1,747,890 2,134,863 1,029,537 2,129,264 1,706,121 2,063,685 1,230,096 1,487,579 2,205,062 1,353,719 1,460,431 2,479,233 26,844,851

Capital - Upgrade - - - - - - - - - - - - - - - -

Total 1,796,746 2,201,441 1,819,184 1,747,890 2,134,863 1,029,537 2,129,264 1,706,121 2,063,685 1,230,096 1,487,579 2,205,062 1,353,719 1,460,431 2,479,233 26,844,851

Renewal Calculation

Capital - Renewal 100% 1,796,746 2,201,441 1,819,184 1,747,890 2,134,863 1,029,537 2,129,264 1,706,121 2,063,685 1,230,096 1,487,579 2,205,062 1,353,719 1,460,431 2,479,233 26,844,851

Capital - Upgrade 80% - - - - - - - - - - - - - - - -

Total Renewal Expenditure 1,796,746 2,201,441 1,819,184 1,747,890 2,134,863 1,029,537 2,129,264 1,706,121 2,063,685 1,230,096 1,487,579 2,205,062 1,353,719 1,460,431 2,479,233 26,844,851


AMP Funding Gap (266,504) 86,441 (295,816) (340,060) 65,563 (1,037,213) 38,614 (404,479) (62,415) (880,004) (599,071) 153,562 (713,031) (626,569) 392,233 (4,488,749)

Refuse


Capital - Renewal 84,500 84,500 87,500 87,500 89,000 89,000 90,500 90,500 92,000 92,000 93,500 93,500 95,000 95,000 96,500 1,360,500

Capital - Upgrade - - - - - - - - - - - - - - - -

Total 84,500 84,500 87,500 87,500 89,000 89,000 90,500 90,500 92,000 92,000 93,500 93,500 95,000 95,000 96,500 1,360,500

Renewal Calculation

Capital - Renewal 100% 84,500 84,500 87,500 87,500 89,000 89,000 90,500 90,500 92,000 92,000 93,500 93,500 95,000 95,000 96,500 1,360,500

Capital - Upgrade 80% - - - - - - - - - - - - - - - -

Total Renewal Expenditure 84,500 84,500 87,500 87,500 89,000 89,000 90,500 90,500 92,000 92,000 93,500 93,500 95,000 95,000 96,500 1,360,500


AMP Funding Gap - - - - - - - - - - - - - - - -

Roads

Capital - New (Expansion) - 79,000 - - - - - - - 100,000 - - - - - 179,000

Capital - Renewal 1,070,000 1,682,000 924,000 1,808,000 2,281,000 1,804,000 1,608,000 1,608,000 1,408,000 1,408,000 1,408,000 1,408,000 1,408,000 1,408,000 1,408,000 22,641,000

Capital - Upgrade 1,729,000 1,140,000 3,595,000 3,070,000 3,550,000 2,416,800 1,920,000 1,656,000 1,080,000 1,670,000 1,500,000 960,000 1,670,000 1,670,000 1,670,000 29,296,800

Total 2,799,000 2,901,000 4,519,000 4,878,000 5,831,000 4,220,800 3,528,000 3,264,000 2,488,000 3,178,000 2,908,000 2,368,000 3,078,000 3,078,000 3,078,000 52,116,800

Renewal Calculation

Capital - Renewal 100% 1,070,000 1,682,000 924,000 1,808,000 2,281,000 1,804,000 1,608,000 1,608,000 1,408,000 1,408,000 1,408,000 1,408,000 1,408,000 1,408,000 1,408,000 22,641,000

Capital - Upgrade 80% 1,383,200 912,000 2,876,000 2,456,000 2,840,000 1,933,440 1,536,000 1,324,800 864,000 1,336,000 1,200,000 768,000 1,336,000 1,336,000 1,336,000 23,437,440



AMP Funding Gap (1,496,925) (981,000) 454,000 313,900 971,000 687,440 (706,000) (767,300) (1,688,000) (1,036,000) (1,082,100) (1,664,500) (516,250) (758,500) (758,500) (9,028,735)

Signs


Capital - Renewal 20,000 - 20,000 10,000 20,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 80,000 80,000 830,000

Capital - Upgrade - - - - - - - - - - - - - - - -

Total 20,000 - 20,000 10,000 20,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 80,000 80,000 830,000

Renewal Calculation

Capital - Renewal 100% 20,000 - 20,000 10,000 20,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 80,000 80,000 830,000

Capital - Upgrade 80% - - - - - - - - - - - - - - - -

Total Renewal Expenditure 20,000 - 20,000 10,000 20,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 80,000 80,000 830,000


AMP Funding Gap 3,380 (19,060) (3,545) (19,690) (19,240) 22,205 4,975 (13,050) (26,950) (30,985) (23,080) (6,180) 13,005 33,305 33,305 (51,605)

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Stormwater

Capital - New (Expansion) 220,000 - - - - - - - - - - - - - - 220,000

Capital - Renewal 775,000 240,000 375,000 695,000 1,325,000 1,275,000 1,875,000 1,845,000 1,775,000 2,025,000 1,775,000 1,895,000 1,775,000 1,775,000 1,775,000 21,200,000

Capital - Upgrade 1,481,095 - - - - - 194,500 - - - - - - - - 1,675,595

Total 2,476,095 240,000 375,000 695,000 1,325,000 1,275,000 2,069,500 1,845,000 1,775,000 2,025,000 1,775,000 1,895,000 1,775,000 1,775,000 1,775,000 23,095,595

Renewal Calculation

Capital - Renewal 100% 775,000 240,000 375,000 695,000 1,325,000 1,275,000 1,875,000 1,845,000 1,775,000 2,025,000 1,775,000 1,895,000 1,775,000 1,775,000 1,775,000 21,200,000

Capital - Upgrade 80% 1,184,876 - - - - - 155,600 - - - - - - - - 1,340,476

Total Renewal Expenditure 1,959,876 240,000 375,000 695,000 1,325,000 1,275,000 2,030,600 1,845,000 1,775,000 2,025,000 1,775,000 1,895,000 1,775,000 1,775,000 1,775,000 22,540,476

Asset Management Plan (AMP) Target 760,000 1,250,000 1,175,000 1,380,000 1,840,000 1,975,000 1,845,000 1,975,000 1,875,000 1,990,000 1,640,000 1,575,000 1,435,000 1,355,000 1,355,000 23,425,000

AMP Funding Gap 1,199,876 (1,010,000) (800,000) (685,000) (515,000) (700,000) 185,600 (130,000) (100,000) 35,000 135,000 320,000 340,000 420,000 420,000 (884,524)

Structures


Capital - Renewal 52,308 31,000 54,000 21,000 326,000 401,000 41,000 146,000 51,000 1,201,000 866,000 746,000 526,000 196,000 281,000 4,939,308

Capital - Upgrade - - - - - - - - - - - - - - - -

Total 87,308 111,000 79,000 96,000 351,000 536,000 146,000 221,000 76,000 1,276,000 891,000 821,000 551,000 271,000 306,000 5,819,308

Renewal Calculation

Capital - Renewal 100% 52,308 31,000 54,000 21,000 326,000 401,000 41,000 146,000 51,000 1,201,000 866,000 746,000 526,000 196,000 281,000 4,939,308

Capital - Upgrade 80% - - - - - - - - - - - - - - - -

Total Renewal Expenditure 52,308 31,000 54,000 21,000 326,000 401,000 41,000 146,000 51,000 1,201,000 866,000 746,000 526,000 196,000 281,000 4,939,308


AMP Funding Gap (533,307) (650,050) (436,180) (321,155) 67,550 174,240 (187,515) (95,640) (222,470) 889,990 516,625 371,950 155,710 (136,265) (51,265) (457,782)

Multiple Asset Classes

Capital - New (Expansion) 8,115,700 - 250,000 10,980,196 - - - - - - - - - - - 19,345,896

Capital - Renewal - - - - - - - - - - - - - - - -

Capital - Upgrade - - - - - - - - - - - - - - - -

Total 8,115,700 - 250,000 10,980,196 - - - - - - - - - - - 19,345,896

Renewal Calculation

Capital - Renewal 100% - - - - - - - - - - - - - - - -

Capital - Upgrade 80% - - - - - - - - - - - - - - - -

Total Renewal Expenditure - - - - - - - - - - - - - - - -

Asset Management Plan (AMP) Target - - - - - - - - - - - - - - - -

AMP Funding Gap - - - - - - - - - - - - - - - -

ALL ASSET CLASSES

Capital - New (Expansion) 15,609,800 4,194,906 1,208,000 11,588,196 608,000 668,000 670,000 639,295 2,425,000 575,000 425,000 2,475,000 455,000 8,075,000 7,925,000 57,541,197

Capital - Renewal 6,562,345 7,069,383 5,288,844 5,868,066 8,572,375 7,033,574 8,416,329 8,047,089 9,540,485 9,665,471 11,250,264 11,249,226 13,377,386 10,369,961 12,504,733 134,815,531

Capital - Upgrade 3,976,895 1,805,000 4,177,000 3,540,000 3,570,000 3,236,800 2,154,500 1,826,000 1,100,000 2,340,000 2,195,000 1,480,000 1,690,000 1,690,000 1,690,000 36,471,195

Total 26,149,040 13,069,289 10,673,844 20,996,262 12,750,375 10,938,374 11,240,829 10,512,384 13,065,485 12,580,471 13,870,264 15,204,226 15,522,386 20,134,961 22,119,733 228,827,923

Renewal Calculation

Capital - Renewal 100% 6,562,345 7,069,383 5,288,844 5,868,066 8,572,375 7,033,574 8,416,329 8,047,089 9,540,485 9,665,471 11,250,264 11,249,226 13,377,386 10,369,961 12,504,733 134,815,531

Capital - Upgrade 80% 3,181,516 1,444,000 3,341,600 2,832,000 2,856,000 2,589,440 1,723,600 1,460,800 880,000 1,872,000 1,756,000 1,184,000 1,352,000 1,352,000 1,352,000 29,176,956



AMP Funding Gap (2,556,419) (3,763,507) (3,314,481) (4,090,394) (2,189,005) (3,272,721) (3,697,166) (4,491,521) (3,853,060) (2,695,214) (825,931) (1,555,104) 1,289,281 (2,061,489) 71,783 (37,004,948)

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Capital Expenditure by Asset Class Draft Budget Forecast2017-18 2018-19

Forecast Forecast2019-20 2020-21






Forecast2031-32

Capital - New (Expansion) ARTS AND CULTURE

PR-3189 Purchase artworks for the City Art Collection 2017/18

15,000


15,000


20,000


20,000

PR-3192 IFP - Purchase artworks for the City Art Collection

20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000

Total - Capital - New (Expansion) 15,000 15,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000

Capital - Renewal ARTS AND CULTURE

PR-1734 Replace Christmas street decorations 2017/18

10,000


16,779


16,920


17,061

PR-1773 IFP - Replace Christmas street decorations

17,317 17,577 17,840 18,108 18,380 18,655 18,935 19,219 19,507 19,800 20,000

Total - Capital - Renewal 10,000 16,779 16,920 17,061 17,317 17,577 17,840 18,108 18,380 18,655 18,935 19,219 19,507 19,800 20,000

ARTS AND CULTURE 25,000 31,779 36,920 37,061 37,317 37,577 37,840 38,108 38,380 38,655 38,935 39,219 39,507 39,800 40,000TOTAL

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Forecast2031-32

Capital - Renewal BRIDGES

PR-3665 Koombana Bridge (Bridge 1319) general maintenance

400,000

PR-4052 IFP - Replace footbridges

20,000 25,000 75,000 85,000 30,000

Total - Capital - Renewal 400,000 20,000 25,000 75,000 85,000 30,000

BRIDGES 400,000 20,000 25,000 75,000 85,000 30,000TOTAL

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Forecast2031-32

Capital - New (Expansion) BUILDINGS

PR-1248 Construct new depot building to replace existing depot (Design PR-1246)

3,000,000

PR-1252 Redevelop Stirling Street Arts Centre

3,000,000 3,000,000

PR-3395 Provide lighting to Hay Park South, Rugby Premier Pitch

200,000

PR-2392 Construct multisport pavilion, Hay Park (North)

2,000,000

PR-1809 Construct multisport netball and athletics pavilion - Hay Park (Central)

2,000,000

PR-1443 Construct dragon boat storage shed

30,000

PR-1856 Install ablution facility (toilet block or Exeloo) in Elliot Street, Bunbury

300,000

PR-3455 Construct a Lotteries House

7,500,000

Total - Capital - New (Expansion) 6,000,000 3,000,000 200,000 2,000,000 2,000,000 30,000 300,000 7,500,000

Capital - Renewal BUILDINGS

PR-3701 Carry out replacement to air-conditioning units South West Sports Centre (SWSC)

37,000 50,000 50,000

PR-1385 Replace volunteer/staff facilities, animal hospital, toilets, feed store and preparation area at Bunbury Wildlife Park

214,000

PR-4024 Renew South West Sports Centre (SWSC) Building Management System

30,000

PR-4244 Replace South West Sports Centre (SWSC) cold water copper mains

24,541

PR-3748 Ocean Beach Sewerage Pit and Pumps

110,000

PR-3747 Carry out replacement of strip-lights in old section of Bunbury Regional Entertainment Centre (BREC)

40,000

PR-3999 Renew South West Sports Centre (SWSC) aquatic tiling

600,000

PR-4240 South West Sports Centre (SWSC) Basketball Court Roof Tek-screws renewal

12,148

PR-4291 Replace City Library Book Returns Chute

13,000

PR-2403 Replace Forrest Park Pavilion

1,000,000

PR-3414 IFP - Renew or refurbish community, corporate, sport and leisure buildings as per AMP

250,000 1,000,000 1,000,000 1,250,000 2,000,000 2,000,000 2,000,000 5,500,000 3,000,000 3,900,000

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Forecast2031-32

Capital - Renewal BUILDINGS

PR-2402 Replace or refurbish Eastman Pavilion at Recreation Ground Bunbury

625,000

PR-4001 Renew Ned Myles Pavilion, Hay Park

300,000

PR-3450 Refurbishment / replacement of seating at the Bunbury Regional Entertainment Centre

300,000

PR-3764 Redevelopment of Bunbury Regional Art Gallery (BRAG) foyer to provide appropriate levels of customer service, security and amenity

100,000

PR-4000 Renew Kit Keddie Pavilion, Hay Park

500,000

Total - Capital - Renewal 415,541 665,148 50,000 50,000 1,000,000 875,000 1,300,000 1,000,000 1,550,000 2,000,000 2,100,000 2,000,000 5,500,000 3,000,000 4,400,000

Capital - Upgrade BUILDINGS

PR-4112 Upgrade facilities to meet the goal of becoming the Most Accessible Regional City in Australia by 2020

100,000 100,000 100,000

PR-3820 Support the Stirling Street Arts Centre for 2017/18

20,000

PR-4279 Upgrade CCTV and Security at South West Sports Centre (SWSC)

62,000

PR-3404 Refurbish community buildings

235,000 250,000


20,000


20,000

PR-3998 Renew South West Sports Centre (SWSC) aquatic changeroom amenities

300,000


20,000

PR-3927 IFP - Support the Stirling Street Arts Centre

20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000

PR-3720 Hands Memorial Oval Master Plan Stage 2

500,000 500,000 500,000

Total - Capital - Upgrade 182,000 355,000 370,000 320,000 20,000 20,000 20,000 20,000 20,000 520,000 520,000 520,000 20,000 20,000 20,000

BUILDINGS 6,597,541 4,020,148 620,000 370,000 1,020,000 895,000 1,320,000 1,020,000 3,570,000 2,520,000 2,620,000 4,520,000 5,550,000 3,320,000 11,920,000TOTAL

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Forecast2031-32

Capital - Renewal BUS SHELTERS

PR-1128 Contributions to bus stops, bus shelters and public transport - road network expansion 2017/18

20,000


20,000


20,000


20,000

PR-1131 IFP - Contributions to bus stops, bus shelters and public transport - road network expansion

20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000


BUS SHELTERS 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000TOTAL

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Forecast2031-32

Capital - New (Expansion) EQUIPMENT

PR-4316 Construct new playground within Koombana Bay Foreshore

503,600

PR-3818 Support Bunbury Regional Entertainment Centre (BREC) through the purchase of equipment 2017/18

132,000

PR-4287 Install CCTV System Bunbury Museum and Heritage Centre

10,000

PR-4307 Install ground mount solar system at South West Sports Centre (SWSC)

133,000 133,000 133,000 133,000 133,000 133,000 133,000 22,000


60,000


100,000


100,000

PR-3921 IFP - Support Bunbury Regional Entertainment Centre (BREC) through the purchase of equipment

100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000

PR-1418 Procure and install Radio Frequency Identification (RFID) and self loans technology at Bunbury and Withers Libraries

142,295


Capital - Renewal EQUIPMENT

PR-4087 Renew South West Sports Centre (SWSC) childcare and administration equipment 2017/18

1,440

PR-4092 Renew South West Sports Centre (SWSC) cafe equipment 2017/18

5,305

PR-4096 Renew South West Sports Centre (SWSC) electrical equipment 2017/18

8,270

PR-4100 Renew South West Sports Centre (SWSC) aquatics equipment 2017/18

2,735

PR-4276 Renew Pool Blankets (SWSC)

127,000

PR-4011 Purchase replacement media and communications camera

3,000

PR-4072 Renew South West Sports Centre (SWSC) stadium equipment 2018/19

11,910

PR-4075 Renew South West Sports Centre (SWSC) fitness and gym electrical equipment 2018/19

11,830


1,475


3,060

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Forecast2031-32

Capital - Renewal EQUIPMENT


31,600


1,915

PR-4093 Renew South West Sports Centre (SWSC) cafe equipment 2019/20

3,380


4,930


3,190


16,620


10,270

PR-4073 IFP - Renew South West Sports Centre (SWSC) stadium equipment

3,225 17,590 15,980 1,650

PR-4090 IFP - Renew South West Sports Centre (SWSC) childcare and administration equipment

1,610 11,315 11,860 11,550 1,610 12,960 1,925 1,030 14,160 2,100

PR-4094 IFP - Renew South West Sports Centre (SWSC) cafe equipment

9,220 4,430 3,360 11,070 3,560 4,410

PR-4098 IFP - Renew South West Sports Centre (SWSC) electrical equipment

1,300 6,740 8,820 4,420 10,560 12,250 2,070 1,210 2,240

PR-4103 IFP - Renew South West Sports Centre (SWSC) aquatics equipment

1,100 6,370 29,570 20,780 71,740 15,700 2,450 35,800 5,050 1,440

Total - Capital - Renewal 144,750 62,875 10,225 30,080 7,235 33,645 72,270 36,750 76,710 50,290 20,185 59,290 20,420 7,430

Capital - Upgrade EQUIPMENT

PR-4282 Upgrade and expand Bunbury Regional Art Gallery (BRAG) CCTV System

15,000

PR-4283 Upgrade environmental monitoring meter at Bunbury Regional Art Gallery (BRAG)

2,500

PR-4284 Upgrade exhibition equipment at Bunbury Regional Art Gallery (BRAG)

2,300

Total - Capital - Upgrade 19,800

EQUIPMENT 943,150 255,875 243,225 263,080 240,235 266,645 305,270 301,045 176,710 150,290 120,185 159,290 120,420 107,430 100,000TOTAL

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Forecast2031-32

Capital - Renewal IT EQUIPMENT

PR-2245 Asset Replacement - Fixed and mobile phones and devices 2017/18

15,000

PR-3564 Asset Replacement - Centralised Server and Storage Infrastructure

300,000

PR-3758 Asset Replacement - Personal Computers 2017/18

13,000

PR-3932 Asset Replacement - Virtual Desktop thin client hardware 2017/18

30,000

PR-3562 Asset Replacement - Corporate Printers and Photocopiers 2017/18

30,000


15,000


15,000


30,000


30,000


15,000


30,000


30,000


10,000

PR-3981 Renew CCTV equipment for 2019/20

60,000


30,000


15,000


30,000


10,000

PR-2248 IFP - Asset Replacement - Fixed and mobile phones and devices

15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000

PR-3937 IFP - Asset Replacement - Virtual Desktop thin client hardware

30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000

PR-3941 IFP - Asset Replacement - Corporate Printers and Photocopiers

30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000

PR-3943 IFP - Asset Replacement - Personal Computers

10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000

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Forecast2031-32

Capital - Renewal IT EQUIPMENT

PR-4311 IFP - Asset Replacement - Centralised Server and Storage Infrastructure

300,000 300,000

PR-4312 IFP - Replace Council Chambers Audio Visual and Streaming Equipment

40,000 40,000


Capital - Upgrade IT EQUIPMENT

PR-4021 Upgrade South West Sports Centre (SWSC) leisure facility software

25,000

PR-4025 Upgrade South West Sports Centre (SWSC) access control devices

20,000

Total - Capital - Upgrade 45,000

IT EQUIPMENT 433,000 90,000 145,000 85,000 85,000 385,000 125,000 85,000 85,000 85,000 385,000 125,000 85,000 85,000 85,000TOTAL

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Forecast2031-32

Capital - Renewal PARKING EQUIPMENT

PR-2106 Replace infringement issuing devices 2017/18

15,000

PR-4212 Replace infringement issuing devices 2019/20

15,000

PR-2108 IFP - Replace infringement issuing devices

15,000 15,000 15,000 15,000

PR-3375 IFP - Replace existing parking ticket machines

300,000 300,000 300,000 300,000

Total - Capital - Renewal 15,000 15,000 315,000 315,000 315,000 315,000

PARKING EQUIPMENT 15,000 15,000 315,000 315,000 315,000 315,000TOTAL

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Forecast2031-32

Capital - Renewal FURNITURE AND FITTINGS

PR-4019 Renew South West Sports Centre (SWSC) carpet 2016/17 to 2019/20

10,000 10,000 10,000

PR-2175 Replace office cabinets, desks and chairs 2017/18

5,000

PR-2195 Replace office equipment 2017/18

5,000

PR-2611 Replace café furniture at Bunbury Wildlife Park

12,000

PR-4028 Renew South West Sports Centre (SWSC) lockers

20,000

PR-4280 Replace Dive Blocks at South West Sports Centre (SWSC)

25,000

PR-4305 Replace Gallery Track Lighting - Bunbury Regional Art Gallery (BRAG)

20,000


5,000


5,000

PR-4022 Renew South West Sports Centre (SWSC) customer service desk

30,000

PR-4069 Renew South West Sports Centre (SWSC) furnishings 2018/19

6,640

PR-4285 Renew exhibition furniture at Bunbury Regional Art Gallery (BRAG)

5,000 5,000 5,000

PR-4293 Replace Public Seating - Bunbury City Library

24,000


5,000


5,000


19,415

PR-4084 Renew South West Sports Centre (SWSC) fittings 2019/20

3,100


5,000


5,000

PR-4208 Renew South West Sports Centre (SWSC) fittings 2020/21

22,880


6,655

PR-2178 IFP - Replace office cabinets, desks and chairs

5,000 5,000 20,000 5,000 5,000 5,000 20,000 5,000 5,000 5,000 5,000

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Forecast2031-32

Capital - Renewal FURNITURE AND FITTINGS

PR-2198 IFP - Replace office equipment

5,000 5,000 20,000 5,000 5,000 5,000 20,000 5,000 5,000 5,000 5,000

PR-4020 IFP - Renew South West Sports Centre (SWSC) carpet

10,000 33,000 44,000 11,000 11,000 11,000

PR-4071 IFP - Renew South West Sports Centre (SWSC) furnishings

7,760 3,815 9,965 2,610 16,960 2,770 6,275 10,615 13,990 5,280

PR-4085 IFP - Renew South West Sports Centre (SWSC) fittings

4,200 1,490 10,750 1,660 4,790 1,540 5,750 8,020


FURNITURE AND FITTINGS 97,000 85,640 47,515 44,535 21,960 23,815 51,455 45,610 81,710 25,430 62,065 33,155 29,740 23,300 10,000TOTAL

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Forecast2031-32

Capital - New (Expansion) LIGHTING

PR-1148 Install hotspot street lighting 2017/18

20,000


20,000


20,000


20,000

PR-1151 IFP - Install hotspot street lighting

20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000

PR-1539 Deliver the Solar Park Lighting Program

50,000


Capital - Renewal LIGHTING

PR-4114 IFP - Replace Street Lighting

180,000 600,000 600,000 620,000

Total - Capital - Renewal 180,000 600,000 600,000 620,000

Capital - Upgrade LIGHTING

PR-1109 Upgrade street lighting on Sandridge Road, East Bunbury (Picton/King to Blair)

210,000

PR-1106 Upgrade street lighting on Blair Street, Carey Park (Clarke St to Forrest Ave)

150,000

Total - Capital - Upgrade 210,000 150,000

LIGHTING 20,000 230,000 20,000 170,000 70,000 20,000 20,000 20,000 20,000 200,000 620,000 620,000 640,000 20,000 20,000TOTAL

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Forecast2031-32

Capital - New (Expansion) MARINE

PR-3887 Construct Community Fishing & Crabbing Platform Jetty Road Koombana Bay

208,000

PR-3898 Construct heritage interpretation, Bunbury Timber Jetty

139,906

Total - Capital - New (Expansion) 347,906

Capital - Renewal MARINE

PR-2385 Renew foreshore marine walls - Leschenault Inlet

800,000 800,000 800,000

PR-2384 Repair jetty piles 2018/19

45,000

PR-4230 Repair jetty piles 2020/21

45,000

PR-2388 IFP - Repair jetty piles

45,000 45,000 45,000 45,000 45,000

PR-2390 IFP - Rehabilitate foreshore marine walls

100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000


MARINE 800,000 1,192,906 800,000 45,000 145,000 100,000 145,000 100,000 145,000 100,000 145,000 100,000 145,000 100,000TOTAL

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Forecast2031-32

Capital - New (Expansion) OPEN SPACE

PR-4242 Construct enclosure for new native and iconic Australian species Bunbury Wildlife Park

20,000

PR-4272 Culvert and Backfill 5 Mile Brook, Hay Park Community Hall

205,500

PR-1883 Install infrastructure (pipes/irrigation) for Bunbury waste water recycling project (Design PR-1065)

7,300,000

Total - Capital - New (Expansion) 225,500 7,300,000

Capital - Renewal OPEN SPACE

PR-4015 Improve City's Landscaping, Parks, Gardens and Entry Statements

325,000 325,000 325,000 325,000


138,500

PR-1500 Replace barbecues 2017/18

10,000

PR-1506 Replace bore pumps 2017/18

50,000

PR-1517 Replace automatic reticulation systems 2017/18

50,000

PR-1543 Renew landscaping and irrigation systems at Boulters Heights

50,000

PR-2360 Install drinking fountains in parks and on cycleways 2017/18

10,000

PR-4059 Renew open space furniture and equipment 2017/18

40,000


10,000


50,000


35,000

PR-1535 Renew landscaping and irrigation systems at Bunbury Wildlife Park

50,000


10,000


50,000


124,500


10,000

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Forecast2031-32

Capital - Renewal OPEN SPACE


85,000


50,000


10,000

PR-4038 Staged replacement of boundary fence surrounding Bunbury Wildlife Park

10,000 10,000 10,000 10,000 10,000 10,000


90,000

PR-1537 Renew landscaping and irrigation systems at ANZAC Park

100,000

PR-4122 Replace turf and practice cricket wickets at Hay Park

40,000


10,000


10,000


50,000


100,000


85,000

PR-1495 IFP - Replace playground equipment

100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000

PR-1509 IFP - Replace bore pumps

80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000

PR-1538 Renew landscaping and irrigation systems for Back Beach (Stage 3)

200,000 50,000

PR-2363 IFP - Install drinking fountains in parks and on cycleways

10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000

PR-3974 IFP - Replace automatic reticulation systems

50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000

PR-3975 IFP - Replace barbecues

10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000

PR-4061 IFP - Renew open space furniture and equipment

50,000 50,000 100,000 144,000 148,000 100,000 10,000

PR-4065 IFP - Replace irrigation systems

126,000 126,000 126,000

PR-2408 Replace athletics track surface

1,000,000

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Total - Capital - Renewal 673,500 530,000 704,500 730,000 510,000 360,000 486,000 386,000 1,394,000 250,000 524,000 250,000 350,000 260,000 250,000









Forecast2031-32

Capital - Upgrade OPEN SPACE

PR-2634 Implement Big Swamp Masterplan

200,000 100,000

PR-4027 Upgrade Hay Park North Sewerage Infrastructure - Stage 2

120,000

PR-2604 Upgrade landscaping and reticulation in main walkthrough aviary at Bunbury Wildlife Park

12,000

PR-4029 Upgrade lighting to Hay Park South, Soccer Premier Pitch

200,000

Total - Capital - Upgrade 320,000 100,000 212,000

OPEN SPACE 1,219,000 630,000 916,500 730,000 510,000 360,000 486,000 386,000 1,394,000 250,000 524,000 250,000 350,000 7,560,000 250,000TOTAL

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Forecast2031-32

Capital - New (Expansion) PATHWAYS

PR-1484 Expand cycleways 2017/18 to 2019/20 (implement Bunbury Bike Plan)

200,000 200,000 200,000

PR-1304 Expand path network 2018/19

260,000


260,000


260,000

PR-1487 IFP - Expand cycleways (implement Bunbury Bike Plan)

100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000

PR-1869 IFP - Expand path network

160,000 160,000 150,000 160,000 160,000 160,000 160,000 160,000 160,000 160,000 160,000

PR-3434 Construct new Footpath at Bob Howell's Playground

42,000


Capital - Renewal PATHWAYS

PR-1473 Renew and Upgrade Paths 2017/18

215,000


100,000


200,000

PR-4221 Renew and upgrade paths 2020/21

477,000

PR-1844 IFP - Renew and Upgrade Paths as per AMP

400,000 400,000 425,000 500,000 750,000 860,000 1,325,000 1,490,000 1,400,000 1,450,000 1,500,000

PR-4043 Renew footpath and paving at Graham Bricknell Sound Shell

100,000

Total - Capital - Renewal 215,000 100,000 200,000 477,000 400,000 500,000 425,000 500,000 750,000 860,000 1,325,000 1,490,000 1,400,000 1,450,000 1,500,000

Capital - Upgrade PATHWAYS

PR-1267 Upgrade streetscape Wellington St (Victoria St to Haley St)

100,000

PR-1268 Upgrade paving Symmons St (Ocean Dr to Blair St)

100,000

PR-1261 Upgrade streetscape Victoria Street (Carey Street to Wollaston)

550,000

PR-1263 Upgrade paving Stephen St (Victoria St to Arthur St)

250,000

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Forecast2031-32

Capital - Upgrade PATHWAYS

PR-3200 Relocate kerbing to provide safer footpath facilities - Stingray Pass

20,000

PR-1276 Upgrade paving Carey St (Ocean Dr to Blair St)

150,000

PR-1274 Upgrade streetscape Wittenoom St (Stirling St to Carey St)

150,000

PR-1264 Upgrade paving Wellington St (Victoria St to Haley St)

175,000

Total - Capital - Upgrade 200,000 800,000 20,000 150,000 150,000 175,000

PATHWAYS 615,000 560,000 660,000 737,000 660,000 1,560,000 737,000 910,000 1,010,000 1,270,000 1,760,000 1,750,000 1,660,000 1,710,000 1,760,000TOTAL

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Forecast2031-32

Capital - Renewal PLANT AND VEHICLES

PR-1903 Replace waste vehicles and plant 2017/18

1,118,782

PR-2279 Replace corporate vehicles 2017/18

129,766

PR-2289 Replace corporate heavy plant 2017/18

428,018

PR-2306 Replace corporate minor plant 2017/18

30,000

PR-4105 Renew South West Sports Centre (SWSC) plant and machinery 2017/18

90,180


1,034,756


527,783


561,372


30,000


47,530


455,168


772,768


536,488


30,000


24,760


435,649


545,292


50,000


517,149


199,800

PR-1905 IFP - Replace waste vehicles and plant

1,088,178 403,272 864,638 446,289 866,639 401,962 810,954 860,343 44,327 527,046 933,801

PR-2282 IFP - Replace corporate vehicles

201,199 129,766 527,783 815,236 517,149 177,063 129,766 527,783 815,236 561,454 559,654

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Forecast2031-32

Capital - Renewal PLANT AND VEHICLES

PR-2292 IFP - Replace corporate heavy plant

795,486 404,069 643,773 231,496 530,037 573,381 369,249 705,256 401,806 247,931 935,778

PR-2309 IFP - Replace corporate minor plant

50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000

PR-4108 IFP - Renew South West Sports Centre (SWSC) plant and machinery

42,430 43,070 163,100 99,860 27,690 127,610 61,680 42,350 74,000

Total - Capital - Renewal 1,796,746 2,201,441 1,819,184 1,747,890 2,134,863 1,029,537 2,129,264 1,706,121 2,063,685 1,230,096 1,487,579 2,205,062 1,353,719 1,460,431 2,479,233

PLANT AND VEHICLES 1,796,746 2,201,441 1,819,184 1,747,890 2,134,863 1,029,537 2,129,264 1,706,121 2,063,685 1,230,096 1,487,579 2,205,062 1,353,719 1,460,431 2,479,233TOTAL

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Forecast2031-32

Capital - Renewal REFUSE

PR-1657 Replace bins - Annual bin replacement program 2017/18

42,500

PR-1670 Renew bin enclosures 2017/18

20,000

PR-2374 Renew 1,100 litre skip bins 2017/18

22,000


42,500


22,000


20,000


43,500


24,000


20,000


20,000


43,500


24,000

PR-1661 IFP - Replace bins - Annual bin replacement program

45,000 45,000 46,500 46,500 48,000 48,000 49,500 49,500 51,000 51,000 52,500

PR-1678 IFP - Renew 1,100 litre skip bins

24,000 24,000 24,000 24,000 24,000 24,000 24,000 24,000 24,000 24,000 24,000

PR-3930 IFP - Renew bin enclosures

20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000


REFUSE 84,500 84,500 87,500 87,500 89,000 89,000 90,500 90,500 92,000 92,000 93,500 93,500 95,000 95,000 96,500TOTAL

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Forecast2031-32

Capital - New (Expansion) ROADS

PR-3834 Construct carpark Venezia Boulevard and San Marco Promenade, Pelican Point

79,000

PR-1226 Extend Brashaw St East Bunbury

100,000

Total - Capital - New (Expansion) 79,000 100,000

Capital - Renewal ROADS

PR-3694 Renew Parade Road

120,000 135,000

PR-1184 Reseal Spencer Street, South Bunbury (Beach Road to Clarke Street)

180,000

PR-1225 Reconstruct roundabout Strickland Street / King Road, East Bunbury

350,000

PR-4273 Re-construct pavement Halifax Drive (Monkhouse Street to Shanahan Road), Bunbury

280,000

PR-4278 Reseal Soccer Club carpark (SWSC)

140,000

PR-1111 Reseal Picton Road, East Bunbury

300,000

PR-1185 Reseal and widen Washington Avenue, Usher

60,000

PR-1204 Reconstruct section and improve drainage Columba St, South Bunbury

200,000

PR-3682 Reseal Hayward Street (Ocean Dve to Jarvis St)

171,000

PR-3683 Reseal Upper Esplanade

137,000

PR-3684 Reseal Acacia St, Pickersgill St, Simpson Ave, Sherry St, Swansen Pl and Macnish Cl

514,000

PR-4113 Reseal Ocean Drive

45,000

PR-4277 Reseal Hockey Club Carpark (SWSC)

120,000

PR-1110 Reseal Old Coast Road, Pelican Point (Hamilton Rd to Australind Bypass)

210,000

PR-1112 Reseal and repair pavement Sandridge Road, East Bunbury (King Rd to Eelup RAB)

300,000 300,000

PR-3448 Asphalt reseal and replace kerbing in Kimber Street

169,000

PR-3728 Asphalt overlay and rekerbing to Hales Street

77,000

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Forecast2031-32

Capital - Renewal ROADS

PR-3736 Reseal and replace kerbing in Doolan Street

81,000

PR-3737 Asphalt reseal and replace kerbing in Charterhouse Street

87,000

PR-1224 Reconstruct and widen Vittoria Road, Glen Iris

100,000 100,000

PR-4051 Renew pavement and drainage, and re-seal Victoria Street

1,000,000

PR-4222 Reseal roads projects (yet to be determined) for Roads to Recovery 2020/21

408,000

PR-1122 IFP - Reseal roads projects (yet to be determined) for Roads to Recovery

408,000 408,000 408,000 408,000 408,000 408,000 408,000 408,000 408,000 408,000 408,000

PR-2100 Reseal Zoe St car park

75,000

PR-3714 Reseal and rekerb St Pauls Place and St Marks Place

98,000

PR-3950 Reseal Airport bitumen taxiways and runways 2021/22

600,000

PR-3983 IFP - Renewal Roads as per AMP

1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000

PR-3741 Widen Parade Road (Crampton Avenue)

396,000

PR-3710 Reconstruct Nuytsia Avenue

200,000 200,000

Total - Capital - Renewal 1,070,000 1,682,000 924,000 1,808,000 2,281,000 1,804,000 1,608,000 1,608,000 1,408,000 1,408,000 1,408,000 1,408,000 1,408,000 1,408,000 1,408,000

Capital - Upgrade ROADS

PR-1103 Realign and widen Ocean Drive, South Bunbury (Hastie St to Hudson Rd)

750,000 750,000 750,000 750,000

PR-1205 Upgrade intersection of Parade Rd and Knight St, South Bunbury to a roundabout

450,000

PR-1240 Install traffic management devices LATM 2017/18

40,000

PR-1817 Install pedestrian refuges Spencer Street (Beach Rd to Clarke St)

135,000

PR-3901 Improve Parade Road bus stop

204,000

PR-4281 Upgrade Spencer Street and Cornwall Street Intersection

150,000

PR-1211 Improvement of Albert Road and Blair Street intersection, Bunbury

200,000

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Forecast2031-32



40,000

PR-3671 Extend left hand turning pocket, Sandridge Road into King Road

150,000

PR-1140 Intersection and crash prevention treatments 2019/20

65,000

PR-1188 Reconstruct, widen and improve drainage on Estuary Drive, Pelican Point (St Andrews to Railway crossing)

750,000 750,000

PR-1207 Improve intersection capacity and layout, Scott St / Ocean Dve, Bunbury

300,000 300,000

PR-1212 Improve traffic configuration Blair St, Bussell Hwy, Timperley Dve and Spencer St, South Bunbury

60,000 600,000

PR-1214 Upgrade kerb and profile of Victoria St (Elliot St to Clifton St)

200,000

PR-1216 Upgrade intersection of Parade Rd and Westwood St, Withers (Withers Action Plan)

150,000

PR-1221 Design roundabout for intersection of Vittoria Rd and Woodley Rd, Glen Iris (Construct PR-1222)

10,000

PR-1223 Upgrade intersection visibility Forrest Avenue and Doris Street, South Bunbury

200,000


40,000

PR-3449 Construct Forrest Avenue and Blair Street intersection slip lane

750,000

PR-3577 Widen Albert Road (to Hayes Street)

20,000 40,000

PR-3700 Reseal and upgrade Harris Road including drainage

300,000

PR-1201 Modify intersection geometry and install traffic control signals at South West Highway / Dodson Road

750,000 750,000

PR-1222 Construct roundabout for intersection of Vittoria Road and Woodley Road, Glen Iris (Design PR-1221)

300,000 300,000

PR-1229 Install 4-way traffic control system at Blair St and Strickland St intersection

60,000 300,000


40,000

PR-4229 Intersection and crash prevention treatments 2020/21

80,000

PR-1141 IFP - Intersection and crash prevention treatments

80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000

PR-1235 Install traffic calming devices Hastie St, South Bunbury

80,000

PR-1243 IFP - Install traffic management devices LATM

40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000

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Forecast2031-32


PR-2371 Modify intersection Haley Street, Prinsep Street and Carmody Street, Bunbury (Design PR-1091)

600,000 600,000

PR-3579 Widen and renew footpath Strickland Street and George Street (corner)

50,000

PR-3670 Upgrade Spencer Street, Stirling Street & Arthur Street (dedicated turning lanes)

450,000 750,000

PR-3984 IFP - Upgrade Roads as per AMP

300,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000 800,000 1,550,000

PR-1230 Improve intersection layout Washington Ave and Nalbarra Dve, Usher

80,000

PR-2088 Construct additional on street parking (Edward St)

500,000

PR-2656 Undertake Hay Park Development Plan - Angle parking on Rotary Drive to service hockey fields

366,800

PR-1187 Widen and improve alignment of Adam Road, South Bunbury

400,000

PR-1895 Construct roundabout Vittoria Road and Erica Entrance, Glen Iris (Design PR-1234)

600,000

PR-1189 Relocate utilities and improve intersection geometry - Underwood St, Carey Park, Kinkella Dve intersection

300,000

PR-1228 Upgrade kerb, profile and median Victoria St Bunbury (Between Carey & Clifton Sts)

436,000

PR-1215 Upgrade kerb and profile of Victoria St (between Stephen and Stirling Sts)

100,000

PR-1233 Install traffic control signals intersection of Hennessey Rd and Sandridge Rd, East Bunbury

60,000 300,000

PR-3664 Upgrade and widen King Road (Stage 1 - Strickland St to Herbert Rd, Stage 2 - Herbert Rd to Austral Pde)

450,000 550,000

PR-1234 Design roundabout Vittoria Rd and Erica Ent Glen Iris (Construct PR-1895)

30,000

PR-1099 Duplicate carriageway on Old Coast Rd Pelican Point

40,000 750,000 750,000

Total - Capital - Upgrade 1,729,000 1,140,000 3,595,000 3,070,000 3,550,000 2,416,800 1,920,000 1,656,000 1,080,000 1,670,000 1,500,000 960,000 1,670,000 1,670,000 1,670,000

ROADS 2,799,000 2,901,000 4,519,000 4,878,000 5,831,000 4,220,800 3,528,000 3,264,000 2,488,000 3,178,000 2,908,000 2,368,000 3,078,000 3,078,000 3,078,000TOTAL

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Forecast2031-32

Capital - Renewal SIGNS

PR-1166 Replace signs 2017/18

20,000


20,000


10,000

PR-1169 IFP - Replace signs

20,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 80,000 80,000


SIGNS 20,000 20,000 10,000 20,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 80,000 80,000TOTAL

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Forecast2031-32

Capital - New (Expansion) STORMWATER

PR-2652 Replace drainage - Strickland St to Tim Shaw Park, East Bunbury

220,000

Total - Capital - New (Expansion) 220,000

Capital - Renewal STORMWATER

PR-3976 Replace SCADA equipment 2017/18

25,000

PR-4053 Renew pump station, Stubbs Close

750,000

PR-2638 Renew, resleeve and improve drainage network 2018/19

100,000


20,000

PR-4054 Replace pump station generator and renew electrical cabinet / distribution board shed, Willow Drive

120,000


300,000


25,000

PR-4055 Replace pump station generator, West Road

50,000


170,000

PR-4226 Renew stormwater infrastructure 2020/21

500,000


25,000

PR-2648 IFP - Renew, resleeve and improve drainage network

800,000 750,000 750,000 750,000 750,000 750,000 750,000 750,000 750,000 750,000 750,000

PR-3408 IFP - Renew stormwater infrastructure as per AMP

500,000 500,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000

PR-3979 IFP - Replace SCADA equipment

25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000

PR-3175 Rehabilitate Five Mile Brook

100,000 70,000

PR-2651 Resleeve main drain - Clifton St

250,000

PR-4056 Replace pumps, Queens Gardens pump station

120,000

Total - Capital - Renewal 775,000 240,000 375,000 695,000 1,325,000 1,275,000 1,875,000 1,845,000 1,775,000 2,025,000 1,775,000 1,895,000 1,775,000 1,775,000 1,775,000

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Forecast2031-32

PR-2421 Construct stormwater quality and capacity improvements - Horseshoe Catchment East Bunbury (Design PR-1931)

1,481,095

PR-2650 Upgrade Dunstan St compensation basin

194,500

Total - Capital - Upgrade 1,481,095 194,500

STORMWATER 2,476,095 240,000 375,000 695,000 1,325,000 1,275,000 2,069,500 1,845,000 1,775,000 2,025,000 1,775,000 1,895,000 1,775,000 1,775,000 1,775,000TOTAL

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Capital - Upgrade STORMWATER









Forecast2031-32

Capital - New (Expansion) STRUCTURES

PR-1363 Install hand washing basins for patrons at Bunbury Wildlife Park

5,000 5,000

PR-2354 Design and develop new reptile exhibit at Bunbury Wildlife Park

5,000

PR-3816 Purchase of new Public Art 2017/18

25,000

PR-3557 Install Shade Sails in Public Open Space 2018/19

50,000


25,000


25,000


25,000


50,000

PR-3904 IFP - Purchase of new Public Art

25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000

PR-3980 IFP - Install Shade Sails in Public Open Space

50,000 50,000 50,000 50,000 50,000

PR-3227 Install Bunbury Hockey Perimeter Fencing

50,000

PR-4109 Install new seating area at Bunbury Wildlife Park

10,000

PR-2107 Construct permanent fixed concrete (or similar) ramp allowing access from Surf Life Saving Club

80,000


Capital - Renewal STRUCTURES

PR-3551 Replace timber shelters

22,308 11,000 11,000

PR-2608 Refurbish enclosures at the Bunbury Wildlife Park as per ongoing program of renewal

10,000 10,000 10,000

PR-3365 Replace fencing at Bunbury Airport 2017/18

20,000

PR-4045 Replace boardwalks and lookouts 2018/19

10,000

PR-4041 Renew timber gazebos at the Bunbury Wildlife Park

8,000

PR-4048 Replace guard rails / retaining walls 2019/20

25,000

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Forecast2031-32

Capital - Renewal STRUCTURES

PR-4215 Replace timber shelters 2020/21

11,000

PR-4216 Replace boardwalks and lookouts 2020/21

10,000

PR-3367 IFP - Replace fencing at Bunbury Airport

20,000 20,000 20,000 20,000 20,000 20,000

PR-4046 IFP - Replace boardwalks and lookouts

275,000 365,000 10,000 190,000 710,000 735,000 385,000 170,000 250,000

PR-4049 IFP - Replace guard rails / retaining walls

25,000

PR-4050 IFP - Replace timber shelters

11,000 11,000 11,000 11,000 11,000 11,000 11,000 11,000 11,000 11,000 11,000

PR-4057 IFP - Replace crash barriers

5,000 15,000

PR-4066 IFP - Replace fences and gates

70,000 90,000

PR-4110 Replace Bunbury Wildlife Park bird aviaries

20,000 20,000 20,000

PR-3532 Re-net the main walk through aviary at the Bunbury Wildlife Park

60,000

PR-3771 Replace southern carpark retaining wall, Bunbury Library, Parkfield Street

1,000,000

PR-1341 Replace perimeter fencing at Payne Park

125,000

Total - Capital - Renewal 52,308 31,000 54,000 21,000 326,000 401,000 41,000 146,000 51,000 1,201,000 866,000 746,000 526,000 196,000 281,000

STRUCTURES 87,308 111,000 79,000 96,000 351,000 536,000 146,000 221,000 76,000 1,276,000 891,000 821,000 551,000 271,000 306,000TOTAL

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Forecast2031-32

Capital - New (Expansion) MULTIPLE ASSET CLASSES

PR-4145 Expand and upgrade Koombana Bay Foreshore

8,035,700


80,000

PR-2790 Undertake design and assessment for the implementation of Leschenault Inlet Master Plan (LIMP) Precinct 3 - City Square

250,000 10,980,196

Total - Capital - New (Expansion) 8,115,700 250,000 10,980,196

MULTIPLE ASSET CLASSES 8,115,700 250,000 10,980,196TOTAL

Total Expenditure: Capital - New (Expansion)

Total Expenditure: Capital - Renewal

Total Expenditure: Capital - Upgrade

$15,609,800

$6,562,345

$3,976,895

$7,069,383

$4,194,906

$1,805,000

$1,208,000 $11,588,196 $608,000 $668,000 $670,000 $639,295 $2,425,000 $575,000 $425,000 $2,475,000 $455,000 $8,075,000 $7,925,000

$5,288,844 $5,868,066 $8,572,375 $7,033,574 $8,416,329 $8,047,089 $9,540,485 $9,665,471 $11,250,264 $11,249,226 $13,377,386 $10,369,961 $12,504,733

$4,177,000 $3,540,000 $3,570,000 $3,236,800 $2,154,500 $1,826,000 $1,100,000 $2,340,000 $2,195,000 $1,480,000 $1,690,000 $1,690,000 $1,690,000

TOTAL EXPENDITURE ON ALL ASSET CLASSES $26,149,040 $13,069,289 $10,673,844 $20,996,262 $12,750,375 $10,938,374 $11,240,829 $10,512,384 $13,065,485 $12,580,471 $13,870,264 $15,204,226 $15,522,386 $20,134,961 $22,119,733

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Annual Budget A statutory requirement outlining the year’s financial estimates for Council’s core operating services and projects to be delivered. The budget is based on the adopted Integrated Financial Plan.

Asset Management Plan A “whole of life” plan for the appropriate acquisition, maintenance, renewal, replacement and disposal of assets that balances aspirations with affordability.

AssumptionsIt is impossible to predict all future events; therefore assumptions must be made regarding future operational and economic conditions and events. Assumptions are an important aspect of planning and budgeting as they are

based on variable factors.

Asset Renewal Funding Gap The asset renewal funding gap is the difference between what is planned and what needs to be spent to maintain, upgrade and renew assets in the condition expected by the community.

Base OperatingIncorporates all the day-to-day costs of running the core services of Council. Base operating revenue is the income generated from rates, fees and charges, interest received, and grants and contributions not linked to a project.

Base operating expenditure is the employee costs, materials and contracts, insurances, interest paid, depreciation and other miscellaneous expense items.

Capital - New Capital expenditure incurred in the expansion or creation of a new asset that did not exist before.

Capital - Renewal Asset Renewal is the replacement or refurbishment of an existing asset (or component) with a new asset (or component) capable of delivering the same level of service as the existing asset.

Capital - Upgrade Asset Upgrade is capital works carried out on an existing asset to provide a higher level of service.

Cash - Unrestricted Cash that is not tied to a particular use and can be used for any purpose.

Cash - Restricted Cash that has an external or internal restriction placed upon it, e.g. by regulation, funding body or set aside in a reserve for a specific purpose. It is not available for any other use.

Consumer Price Index (CPI) The increase in the general price of goods and services in an economy over time.

Corporate Business Plan Details the services and projects the City will deliver over the next four-years in line with the Strategic Community Plans’ key priority areas and objectives.

Deficit Where expenditure is greater than income the result is a deficit.

Depreciation Depreciation is recognising the decline in value of an asset over the estimated useful life, to take account of normal use, obsolescence or time. Note: This is a non-cash expense.

Employee CostsAll costs associate with the employment of a person such as salaries, wages, allowances, superannuation, employment expenses, relocation expenses, worker’s compensation insurance, training costs, safety expenses, medical

examinations, fringe benefit tax, etc.

GLOSSARY OF TERMS

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GLOSSARY OF TERMS

Equity Equity is the net worth of a local government measured as the difference between the total assets and total liabilities as reported in the Statement of Financial Position.

Financial Statements:

Statement of Comprehensive Income A Statement that shows the extent to which operating expenditure was recovered from revenues during the financial year. It also identifies the costs of goods and services provided during a reporting period.

Statement of Financial Position Previously known as a Balance Sheet. Reports the assets, liabilities and equity of the local government as at a particular date. Provides a ‘snap-shot’ of the overall financial position of the Council.

Statement of Cash Flows A statement that shows how changes in a local government’s expenses and income affect cash; and breaks the analysis down to operating, investing and financing activities.

Rate Setting Statement A statement that details budgeted expenditure and revenue and shows how much rate revenue is required to cover the budget deficit.

InfrastructureInfrastructure assets are physical assets intended to serve the community over a long time frame and maintained indefinitely by the continuing replacement and refurbishment of its components so that service level standards

are met. This includes the major asset classes such as roads, drains, bridges, footpaths, and public buildings.

Integrated Financial Plan (IFP)

The Integrated Financial Plan (IFP) provides the Bunbury community a plan to deliver the vision, goals and objectives of the Strategic Community Plan. It incorporates the requirements of the ‘Integrated Planning and Reporting

Framework’ for local governments to have a Corporate Business Plan for the next four years and also a long term financial plan which covers the next fifteen years. The IFP demonstrates Council’s financial capacity to deliver

services, provide facilities and manage assets that will sustain the Bunbury community into the future.

Projects (Operating or Capital)Identified projects (either operating or capital) that are additional expenditure to the base (core) expenditure budget. As this expenditure is not required for day-to-day operations the expenditure is considered discretionary and

is subject to available funds and competition from other projects.

Reserves - Cashed Backed An account established for the purpose of setting aside money for a specific purpose to be used in a future period.

Scenario Modelling Preparation of forecasts or estimates in the Integrated Financial Plan on optimistic, conservative and worst-case scenarios to understand the impact of variations in factors or assumptions.

Sensitivity Analysis Determines those factors or assumptions that if varied have greater impacts on the Integrated Financial Plan.

Strategic Community PlanThe Strategic Community Plan is the Council’s principal strategic and planning document. It is the guiding document for the Integrated Financial Plan. Community engagement to determine the vision and priorities is central to

the Plan.

Source of FundsShows how the council is going to pay for the expenditure. The source of funds available for council’s operations and projects include: Unrestricted cash, reserve funds, loan borrowings, grants, contributions and disposal of

assets.

Surplus If the anticipated revenue exceeds its proposed spending for the year the budget is in a surplus for the year.

Work Force Plan A continuous process (not a one-off activity) of shaping the workforce to ensure that it is capable of delivering organisational objectives now and in the future.

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