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Local Government Victoria

Victoria City Council Budget Report 2018-19

Contents Page

Mayor and CEO’s Introduction 3

Budget reports1. Link to the Council Plan 42. Services and service performance indicators 63. Financial statements 114. Notes to the financial statements 185. Financial performance indicators 33

Disclaimer

The information contained in this document is for general guidance only. It is not professional advice and should not be used, relied upon or treated as a substitute for specific professional advice. Given the changing nature of laws, rules and regulations, and the inherent hazards of electronic communication, there may be delays, omissions or inaccuracies in information contained in this document.

The model budget, including financial statements, has been prepared in accordance with the requirements of the Local Government Act 1989 and the Local Government (Planning and Reporting) Regulations 2014. While we have made every effort to ensure that the information contained in this document has been accurate and

complies with relevant Victorian legislation, each Council remains responsible to ensure that the budget they prepare is compliant with all statutory requirements.

Mayor and CEO’s Introduction

Provide a summary and overview of the budget, linking key initiatives to the strategic objectives of the Council. Refer to guidance document for an example disclosure.

Victorian City Council Model Budget – 2018/19Local Government Victoria 4

G1

1. Link to the Council Plan

This section describes how the Annual Budget links to the achievement of the Council Plan within an overall planning and reporting framework. This framework guides the Council in identifying community needs and aspirations over the long term, medium term (Council Plan) and short term (Annual Budget) and then holding itself accountable (Annual Report).

1.1 Planning and accountability framework

The Strategic Resource Plan, part of and prepared in conjunction with the Council Plan, is a rolling four-year plan that outlines the financial and non-financial resources that Council requires to achieve the strategic objectives described in the Council Plan. The Annual Budget is framed within the Strategic Resource Plan, considering the services and initiatives which contribute to achieving the strategic objectives specified in the Council Plan. The diagram below depicts the planning and accountability framework that applies to local government in Victoria.

Source: Department of Environment, Land, Water and Planning

In addition to the above, Council has a long term plan which articulates a community vision, mission and values. The Council Plan is prepared with reference to Council's long term Community Plan.

The timing of each component of the planning framework is critical to the successful achievement of the planned outcomes.


G2

G3

1.2 Our purpose

Our visionInsert vision statement

Our missionInsert mission statement

Our valuesInsert organisational values

1.3 Strategic objectives

Insert introduction to Council’s Strategic Objectives

Strategic Objective Description

1. Strategic Objective Description

2. Strategic Objective Description


G4

G5

2. Services and initiatives and service performance outcome indicators

This section provides a description of the services and initiatives to be funded in the Budget for the 2018/19 year and how these will contribute to achieving the strategic objectives outlined in the Council Plan. It also describes several initiatives and service performance outcome indicators for key areas of Council’s operations. Council is required by legislation to identify major initiatives, initiatives and service performance outcome indicators in the Budget and report against them in their Annual Report to support transparency and accountability. The relationship between these accountability requirements in the Council Plan, the Budget and the Annual Report is shown below.

Source: Department of Environment, Land, Water and Planning

2.1 Strategic Objective 1

Insert introduction on how council will be able to achieve <Strategic Objective 1>.

Services

Service area Description of services provided2016/17 Actual$'000

2017/18Forecast

$'000

2018/19Budget $'000

Service area Describe the services to be provided (Add quantum of services delivered i.e. measures of activity e.g. number of school crossings)

Exp $’000 $’000 $’000Rev $’000 $’000 $’000NET $’000 $’000 $’000


Exp $’000 $’000 $’000Rev $’000 $’000 $’000NET $’000 $’000 $’000


G6

G6

Major Initiatives1) List Council initiatives to achieve the Strategic Objective2) List Council initiatives to achieve the Strategic Objective

Other Initiatives

3) List Council initiatives to achieve the Strategic Objective4) List Council initiatives to achieve the Strategic Objective

Service Performance Outcome Indicators

Service Indicator 2016/17Actual

2017/18Forecast

2018/19Budget

Governance* Satisfaction 0 0 0

*refer to table at end of section 2.2 for information on the calculation of Service Performance Outcome Indicators.


G6

G7

2.2 Strategic Objective 2

Insert introduction on how council will be able to achieve <Strategic Objective 2>.

Services

Service area Description of services provided2016/17

Actual $'000

2017/18Forecast

$'000

2018/19Budget

$'000Service area Describe the services to be

provided (Add quantum of services delivered i.e. measures of activity e.g. number of school crossings)

Exp $’000 $’000 $’000Rev $’000 $’000 $’000NET $’000 $’000 $’000


Exp $’000 $’000 $’000Rev $’000 $’000 $’000NET $’000 $’000 $’000

Major Initiatives


Other Initiatives



Service Indicator 2016/17Actual

2017/18Forecast

2018/19Budget

Statutory planning Decision making 0 0 0


G6

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G7


Service Indicator Performance Measure ComputationGovernance Satisfaction Satisfaction with Council decisions

(Community satisfaction rating out of 100 with how Council has performed in making decisions in the interests of the community)

Community satisfaction rating out of 100 with how Council has performed in making decisions in the interests of the community

Statutory planning Decision making Council planning decisions upheld at VCAT(Percentage of planning application decisions subject to review by VCAT and that were not set aside)

[Number of VCAT decisions that did not set aside Council’s decision in relation to a planning application / Number of VCAT decisions in relation to planning applications] x100

Roads Satisfaction Satisfaction with sealed local roads(Community satisfaction rating out of 100 with how Council has performed on the condition of sealed local roads)

Community satisfaction rating out of 100 with how Council has performed on the condition of sealed local roads.

Libraries Participation Active library members(Percentage of the municipal population that are active library members)

[Number of active library members / municipal population] x100

Waste collection Waste diversion Kerbside collection waste diverted from landfill(Percentage of garbage, recyclables and green organics collected from kerbside bins that is diverted from landfill)

[Weight of recyclables and green organics collected from kerbside bins / Weight of garbage, recyclables and green organics collected from kerbside bins] x100

Aquatic Facilities Utilisation Utilisation of aquatic facilities(Number of visits to aquatic facilities per head of municipal population)

Number of visits to aquatic facilities / Municipal population

Animal Management

Health and safety Animal management prosecutions(Number of successful animal management prosecutions)

Number of successful animal management prosecutions

Food safety Health and safety Critical and major non-compliance outcome notifications(Percentage of critical and major non-compliance outcome notifications that are followed up by Council)

[Number of critical non-compliance outcome notifications and major non-compliance outcome notifications about a food premises followed up / Number of critical non-compliance outcome notifications and major non-compliance outcome notifications about food premises] x100

Maternal and Child Health

Participation Participation in the MCH service(Percentage of children enrolled who participate in the MCH service)

Participation in MCH service by Aboriginal children(Percentage of Aboriginal children enrolled who participate in the MCH service)

[Number of children who attend the MCH service at least once (in the year) / Number of children enrolled in the MCH service] x100

[Number of Aboriginal children who attend the MCH service at least once (in the year) / Number of Aboriginal children enrolled in the MCH service] x100


2.3 Reconciliation with budgeted operating result

Net Cost Expenditure RevenueStrategic Objectives (Revenue)$’000 $’000 $’000

Strategic Objectives 1 0 0 0



Total 0 0 0

Expenses added in:Depreciation 0

Finance costs 0

Others 0

Deficit before funding sources 0Funding sources added in:Rates & charges revenue 0

Waste charge revenue 0

Total funding sources 0Operating surplus for the year 0LessCapital grants 0

Capital contributions 0

Underlying surplus 0LessAdditional rates funded Capex beyond depreciation 0

Loan principal repayments 0

Transfer from reserves to operating budget 0

Transfer to reserves from operating budget 0

(Surplus) / Deficit funds 0


G8

3. Financial statements

This section presents information in regard to the Financial Statements and Statement of Human Resources. The budget information for the year 2018/19 has been supplemented with projections to 2021/22 extracted from the Strategic Resource Plan.

This section includes the following financial statements prepared in accordance with the Local Government Act 1989 and the Local Government (Planning and Reporting) Regulations 2014.

Comprehensive Income StatementBalance SheetStatement of Changes in EquityStatement of Cash FlowsStatement of Capital WorksStatement of Human Resources


Comprehensive Income Statement For the four years ending 30 June 2022

Forecast Actual Budget Strategic Resource Plan

Projections2017/18 2018/19 2019/20 2020/21 2021/22

NOTES $’000 $’000 $’000 $’000 $’000

Income Rates and charges 4.1.1 0 0 0 0 0Statutory fees and fines 4.1.2 0 0 0 0 0User fees 4..1.3 0 0 0 0 0Grants – operating 4.1.4 0 0 0 0 0Grants - capital 4.1.4 0 0 0 0 0Contributions - monetary 4.1.5 0 0 0 0 0Contributions – non-monetary 4.1.5 0 0 0 0 0Net gain/(loss) on disposal of property, infrastructure, plant and equipment

0 0 0 0 0

Fair value adjustments for investment property

0 0 0 0 0

Share of net profits/(losses) of associates and joint ventures

0 0 0 0 0

Other income 4.1.6 0 0 0 0 0Total income 0 0 0 0 0 Expenses Employee costs 4.1.7 0 0 0 0 0Materials and services 4.1.8 0 0 0 0 0Depreciation and amortisation 4.1.9 0 0 0 0 0Bad and doubtful debts 0 0 0 0 0Borrowing costs 0 0 0 0 0Other expenses 4.1.10 0 0 0 0 0Total expenses 0 0 0 0 0 Surplus/(deficit) for the year 0 0 0 0 0 Other comprehensive income Items that will not be reclassified to surplus or deficit in future periods

Net asset revaluation increment /(decrement)

0 0 0 0 0

Share of other comprehensive income of associates and joint ventures

0 0 0 0 0

Items that may be reclassified to surplus or deficit in future periods(detail as appropriate)

0 0 0 0 0

Total comprehensive result 0 0 0 0 0


G9

Balance Sheet For the four years ending 30 June 2022

Forecast Actual Budget Strategic Resource Plan

Projections2017/18 2018/19 2019/20 2020/21 2021/22

NOTES $’000 $’000 $’000 $’000 $’000Assets Current assets Cash and cash equivalents 0 0 0 0 0Trade and other receivables 0 0 0 0 0Other financial assets 0 0 0 0 0Inventories 0 0 0 0 0Non-current assets classified as held for sale

0 0 0 0 0

Other assets 0 0 0 0 0Total current assets 4.2.1 0 0 0 0 0 Non-current assets Trade and other receivables 0 0 0 0 0Other financial assets 0 0 0 0 0Investments in associates, joint arrangements and subsidiaries

0 0 0 0 0

Property, infrastructure, plant & equipment

0 0 0 0 0

Investment property 0 0 0 0 0Intangible assets 0 0 0 0 0Total non-current assets 4.2.1 0 0 0 0 0Total assets 0 0 0 0 0 Liabilities Current liabilities Trade and other payables 0 0 0 0 0Trust funds and deposits 0 0 0 0 0Provisions 0 0 0 0 0Interest-bearing liabilities 4.2.3 0 0 0 0 0Total current liabilities 4.2.2 0 0 0 0 0 Non-current liabilities Provisions 0 0 0 0 0Interest-bearing liabilities 4.2.3 0 0 0 0 0Total non-current liabilities 4.2.2 0 0 0 0 0Total liabilities 0 0 0 0 0Net assets 0 0 0 0 0

Equity Accumulated surplus 0 0 0 0 0Reserves 0 0 0 0 0Total equity 0 0 0 0 0


G9

Statement of Changes in Equity For the four years ending 30 June 2022

Total Accumulated

SurplusRevaluation

ReserveOther

Reserves NOTES $’000 $’000 $’000 $’0002018 Forecast Actual Balance at beginning of the financial year 0 0 0 0Surplus/(deficit) for the year 0 0 0 0Net asset revaluation increment/(decrement) 0 0 0 0Transfers to other reserves 0 0 0 0Transfers from other reserves 0 0 0 0Balance at end of the financial year 0 0 0 0

2019 Budget Balance at beginning of the financial year 0 0 0 0Surplus/(deficit) for the year 0 0 0 0Net asset revaluation increment/(decrement) 0 0 0 0Transfers to other reserves 4.3.1 0 0 0 0Transfers from other reserves 4.3.1 0 0 0 0Balance at end of the financial year 4.3.2 0 0 0 0 2020 Balance at beginning of the financial year 0 0 0 0Surplus/(deficit) for the year 0 0 0 0Net asset revaluation increment/(decrement) 0 0 0 0Transfers to other reserves 0 0 0 0Transfers from other reserves 0 0 0 0Balance at end of the financial year 0 0 0 0 2021 Balance at beginning of the financial year 0 0 0 0Surplus/(deficit) for the year 0 0 0 0Net asset revaluation increment/(decrement) 0 0 0 0Transfers to other reserves 0 0 0 0Transfers from other reserves 0 0 0 0Balance at end of the financial year 0 0 0 0 2022 Balance at beginning of the financial year 0 0 0 0Surplus/(deficit) for the year 0 0 0 0Net asset revaluation increment/(decrement) 0 0 0 0Transfers to other reserves 0 0 0 0Transfers from other reserves 0 0 0 0Balance at end of the financial year 0 0 0 0


G9

Statement of Cash FlowsFor the four years ending 30 June 2022

Forecast Actual Budget

Strategic Resource PlanProjections

2017/18 2018/19 2019/20 2020/21 2021/22$’000 $’000 $’000 $’000 $’000

Inflows Inflows Inflows Inflows InflowsNOTES (Outflows) (Outflows) (Outflows) (Outflows) (Outflows)

Cash flows from operating activities Rates and charges 0 0 0 0 0Statutory fees and fines 0 0 0 0 0User fees 0 0 0 0 0Grants – operating 0 0 0 0 0Grants - capital 0 0 0 0 0Contributions - monetary 0 0 0 0 0Interest received 0 0 0 0 0Dividends received 0 0 0 0 0Trust funds and deposits taken 0 0 0 0 0Other receipts 0 0 0 0 0Net GST refund / payment 0 0 0 0 0Employee costs 0 0 0 0 0Materials and services 0 0 0 0 0Trust funds and deposits repaid 0 0 0 0 0Other payments 0 0 0 0 0Net cash provided by/(used in) operating activities

4.4.1 0 0 0 0 0

Cash flows from investing activities 0 0 0Payments for property, infrastructure, plant and equipment

0 0 0 0 0

Proceeds from sale of property, infrastructure, plant and equipment

0 0 0 0 0

Payments for investments 0 0 0 0 0Proceeds from sale of investments 0 0 0 0 0Loans and advances made 0 0 0 0 0Payments of loans and advances 0 0 0 0 0Net cash provided by/ (used in) investing activities

4.4.20

0 0 0 0

Cash flows from financing activities Finance costs 0 0 0 0 0Proceeds from borrowings 0 0 0 0 0Repayment of borrowings 0 0 0 0 0Net cash provided by/(used in) financing activities

4.4.3 0 0 0 0 0

Net increase/(decrease) in cash & cash equivalents

0 0 0 0 0

Cash and cash equivalents at the beginning of the financial year

0 0 0 0 0

Cash and cash equivalents at the end of the financial year

0 0 0 0 0


G9

Statement of Capital Works For the four years ending 30 June 2022 Forecast

Actual BudgetStrategic Resource Plan

Projections 2017/18 2018/19 2019/20 2020/21 2021/22 NOTES $’000 $’000 $’000 $’000 $’000Property Land 0 0 0 0 0Land improvements 0 0 0 0 0Total land 0 0 0 0 0Buildings 0 0 0 0 0Heritage buildings 0 0 0 0 0Building improvements 0 0 0 0 0Leasehold improvements 0 0 0 0 0Total buildings 0 0 0 0 0Total property 0 0 0 0 0Plant and equipment Heritage plant and equipment 0 0 0 0 0Plant, machinery and equipment 0 0 0 0 0Fixtures, fittings and furniture 0 0 0 0 0Computers and telecommunications 0 0 0 0 0Library books 0 0 0 0 0Total plant and equipment 0 0 0 0 0Infrastructure Roads 0 0 0 0 0Bridges 0 0 0 0 0Footpaths and cycleways 0 0 0 0 0Drainage 0 0 0 0 0Recreational, leisure and community facilities

0 0 0 0 0

Waste management 0 0 0 0 0Parks, open space and streetscapes 0 0 0 0 0Aerodromes 0 0 0 0 0Off street car parks 0 0 0 0 0Other infrastructure 0 0 0 0 0Total infrastructure 0 0 0 0 0Total capital works expenditure 4.5.1 0 0 0 0 0 Expenditure types represented by: New asset expenditure 0 0 0 0 0Asset renewal expenditure 0 0 0 0 0Asset expansion expenditure 0 0 0 0 0Asset upgrade expenditure 0 0 0 0 0Total capital works expenditure 4.5.1 0 0 0 0 0

Funding sources represented by:Grants 0 0 0 0 0Contributions 0 0 0 0 0Council cash 0 0 0 0 0Borrowings 0 0 0 0 0Total capital works expenditure 4.5.1 0 0 0 0 0


G9

Statement of Human Resources For the four years ending 30 June 2022

Forecast Actual Budget

Strategic Resource PlanProjections

2017/18 2018/19 2019/20 2020/21 2021/22$’000 $’000 $’000 $’000 $’000

Staff expenditure Employee costs - operating 0 0 0 0 0Employee costs - capital 0 0 0 0 0Total staff expenditure 0 0 0 0 0 FTE FTE FTE FTE FTEStaff numbers Employees 0 0 0 0 0Total staff numbers 0 0 0 0 0

A summary of human resources expenditure categorised according to the organisational structure of Council is included below:

Budget2018/19

$’000

Comprises

Department

Permanent Casual

$’000

Temporary

$’000Full time Part Time

$’000 $’000Asset Management 0 0 0 0 0City Services 0 0 0 0 0Community Services 0 0 0 0 0Corporate Services 0 0 0 0 0Culture and Leisure 0 0 0 0 0Environment and Amenity 0 0 0 0 0Strategy and Governance 0 0 0 0 0Total permanent staff expenditure 0 0 0 0 0Casuals, temporary and other expenditure 0Capitalised Labour costs 0Total expenditure 0

A summary of the number of full time equivalent (FTE) Council staff in relation to the above expenditure is included below:

DepartmentBudget2018/19

FTE

ComprisesPermanent

Casual TemporaryFull time Part Time

Asset Management 0 0 0 0 0City Services 0 0 0 0 0Community Services 0 0 0 0 0Corporate Services 0 0 0 0 0Culture and Leisure 0 0 0 0 0Environment and Amenity 0 0 0 0 0Strategy and Governance 0 0 0 0 0Total permanent staff 0 0 0 0 0Casuals, temporary and other expenditure 0Capitalised Labour costs 0Total staff 0


G10

4. Notes to the financial statements

This section presents detailed information on material components of the financial statements. Council needs to assess which components are material, considering the dollar amounts and nature of these components.

4.1 Comprehensive Income Statement

4.1.1 Rates and charges

Rates and charges are required by the Act and the Regulations to be disclosed in Council’s annual budget.

In developing the Strategic Resource Plan, rates and charges were identified as an important source of revenue. Planning for future rate increases has therefore been an important component of the Strategic Resource Planning process. The Fair Go Rates System (FGRS) sets out the maximum amount councils may increase rates in a year. For 2018/19 the FGRS cap has been set at 2.25%. The cap applies to both general rates and municipal charges and is calculated on the basis of council’s average rates and charges.

The level of required rates and charges has been considered in this context, with reference to Council's other sources of income and the planned expenditure on services and works to be undertaken for the community.

To achieve these objectives while maintaining service levels and a strong capital expenditure program, the average general rate and the municipal charge will increase by 2.25% in line with the rate cap.

<Insert other rate increases as applicable>.

This will raise total rates and charges for 2018/19 to <insert $ amount>.

4.1.1(a) The reconciliation of the total rates and charges to the Comprehensive Income Statement is as follows:

Forecast Actual

2017/18Budget2018/19 Change

$’000 $’000 $’000 %General rates* 0 0 0 0.0%Municipal charge* 0 0 0 0.0%Waste management charge 0 0 0 0.0%Service rates and charges 0 0 0 0.0%Special rates and charges 0 0 0 0.0%Supplementary rates and rate adjustments 0 0 0 0.0%Interest on rates and charges 0 0 0 0.0%Revenue in lieu of rates 0 0 0 0.0%Total rates and charges 0 0 0 0.0%

*These items are subject to the rate cap established under the FGRS.

4.1.1(b) The rate in the dollar to be levied as general rates under Section 158 of the Act for each type or class of land compared with the previous financial year

Type or class of land 2017/18 2018/19 Changecents/$CIV* cents/$CIV*General rate for rateable residential properties 0.000000 0.000000 0.0%General rate for rateable commercial properties 0.000000 0.000000 0.0%


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General rate for rateable industrial properties 0.000000 0.000000 0.0%

(* Use CIV or NAV depending on the valuation basis used by the Council)

4.1.1(c) The estimated total amount to be raised by general rates in relation to each type or class of land, and the estimated total amount to be raised by general rates, compared with the previous financial year

Type or class of land 2017/18 2018/19 Change$’000 $’000 $’000 %

Residential 0 0 0 0.0%Commercial 0 0 0 0.0%Industrial 0 0 0 0.0%Total amount to be raised by general rates 0 0 0 0.0%

4.1.1(d) The number of assessments in relation to each type or class of land, and the total number of assessments, compared with the previous financial year.

Type or class of land 2017/18 2018/19 ChangeNumber Number $’000 %

Residential 0 0 0 0.0%Commercial 0 0 0 0.0%Industrial 0 0 0 0.0%Total number of assessments 0 0 0 0.0%

4.1.1(e) The basis of valuation to be used is the*

(*use Capital Improved Value (CIV) or Net Annual Value (NAV) depending on which is applicable to Council).

4.1.1(f) The estimated total value of each type or class of land, and the estimated total value of land, compared with the previous financial year

Type or class of land 2017/18 2018/19 Change$’000 $’000 $’000 %

Residential 0 0 0 0.0%Commercial 0 0 0 0.0%Industrial 0 0 0 0.0%Total value of land 0 0 0 0.0%

4.1.1(g) The municipal charge under Section 159 of the Act compared with the previous financial year

Type of Charge

Per Rateable Property

Per Rateable Property Change

2017/18 2018/19$ $ $ %

Municipal 0 0 0 0.0%

4.1.1(h) The estimated total amount to be raised by municipal charges compared with the previous financial year

Type of Charge 2017/18 2018/19 Change$ $ $ %

Municipal 0 0 0 0.0%


4.1.1(i) The rate or unit amount to be levied for each type of service rate or charge under Section 162 of the Act compared with the previous financial year

Per Rateable

PropertyPer Rateable

Property Change Type of Charge 2017/18 2018/19

$ $ $ %List service rate/charge 0 0 0 0.0%List service rate/charge 0 0 0 0.0%Total 0 0 0 0.0%

4.1.1(j) The estimated total amount to be raised by each type of service rate or charge, and the estimated total amount to be raised by service rates and charges, compared with the previous financial year

Type of Charge 2017/18 2018/19 Change$ $ $ %

List service rate/charge 0 0 0 0.0%List service rate/charge 0 0 0 0.0%Total 0 0 0 0.0%

4.1.1(k) The estimated total amount to be raised by all rates and charges compared with the previous financial year

2017/18 2018/19 Change$’000 $’000 $’000 %

List service rate/charge 0 0 0 0.0%List service rate/charge 0 0 0 0.0%List service rate/charge 0 0 0 0.0%List service rate/charge 0 0 0 0.0%List service rate/charge 0 0 0 0.0%Total Rates and charges 0 0 0 0.0%

4.1.1(l) Fair Go Rates System Compliance

Victorian City Council is fully compliant with the State Government’s Fair Go Rates System.

2017/18 2018/19Total Rates $ $Number of rateable properties xxx xxxBase Average Rate $ $Maximum Rate Increase (set by the State Government) 2.00% 2.25%Capped Average Rate $ $Maximum General Rates and Municipal Charges Revenue $ $Budgeted General Rates and Municipal Charges Revenue $ $

4.1.1(m) Any significant changes that may affect the estimated amounts to be raised by rates and charges

There are no known significant changes which may affect the estimated amounts to be raised by rates and charges. However, the total amount to be raised by rates and charges may be affected by:

The making of supplementary valuations (2018/19: estimated $xxxx and 2017/18: $xxxx) The variation of returned levels of value (e.g. valuation appeals) Changes of use of land such that rateable land becomes non-rateable land and vice versa Changes of use of land such that residential land becomes business land and vice versa.

4.1.1(n) Differential rates


Refer to better practice guide for details on disclosing differential rates.

4.1.2 Statutory fees and fines

Forecast Actual


$’000 $’000 $’000 %Infringements and costs 0 0 0 0.0%Court recoveries 0 0 0 0.0%Town planning fees 0 0 0 0.0%List other components - agree to Model Accounts

0 0 0 0.0%

Total statutory fees and fines 0 0 0 0.0%

<Add comments here>

4.1.3 User fees

Forecast Actual


$’000 $’000 $’000 %Aged and health services 0 0 0.0%Leisure centre and recreation 0 0 0.0%Child care/children's programs 0 0 0.0%List other components - agree to Model Accounts

0 0 0.0%

Total user fees 0 0 0.0%

<Add comments here>


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4.1.4 Grants

Grants are required by the Act and the Regulations to be disclosed in Council’s annual budget.

Forecast Actual


$’000 $’000 $’000 %Grants were received in respect of the following:Summary of grantsCommonwealth funded grants 0 0 0 0%State funded grants 0 0 0 0%Total grants received 0 0 0 0%

(a) Operating Grants

Recurrent - Commonwealth Government Financial Assistance Grants 0 0 0 0%Family day care 0 0 0 0%General home care 0 0 0 0%Add additional grants by type as appropriate 0 0 0 0%Recurrent - State GovernmentPrimary care partnerships 0 0 0 0%Aged care 0 0 0 0%School crossing supervisors 0 0 0 0%Libraries 0 0 0 0%Maternal and child health 0 0 0 0%Recreation 0 0 0 0%Community safety 0 0 0 0%Add additional grants by type as appropriate 0 0 0 0%Total recurrent operating grants 0 0 0 0%

Non-recurrent - Commonwealth GovernmentDrainage maintenance 0 0 0 0%Environmental planning 0 0 0 0%Non-recurrent - State GovernmentCommunity health 0 0 0 0%Family and children 0 0 0 0%Total non-recurrent operating grants 0 0 0 0%

Total operating grants 0 0 0 0%

(b) Capital Grants

Recurrent - Commonwealth Government Roads to recovery 0 0 0 0%Add additional grants by type as appropriate 0 0 0 0%Recurrent - State GovernmentAdd additional grants by type as appropriate 0 0 0 0%Total recurrent capital grants 0 0 0 0%

Non-recurrent - Commonwealth GovernmentBuildings 0 0 0 0%Plant, machinery and equipment 0 0 0 0%Drainage 0 0 0 0%Add additional grants by type as appropriate 0 0 0 0%Non-recurrent - State GovernmentBuildings 0 0 0 0%Add additional grants by type as appropriate 0 0 0 0%Total non-recurrent capital grants 0 0 0 0%

Total capital grants 0 0 0 0%Total Grants 0 0 0 0%

Insert commentaries on operating grants – e.g. sources and use of funds and projected level in the next financial year.Insert commentaries on capital grants – e.g. sources and use of funds and projected level in the next financial year.


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4.1.5 Contributions

Forecast Actual


$’000 $’000 $’000 %Monetary 0 0 0.0%Non-monetary 0 0 0.0%Total contributions 0 0 0.0%

<Add comments here. Revise the table as appropriate>

4.1.6 Other income

Forecast Actual


$’000 $’000 $’000 %Interest 0 0 0 0.0%Dividends 0 0 0 0.0%Investment property rental 0 0 0 0.0%List other components - agree to Model Accounts

0 0 0 0.0%

Total other income 0 0 0 0.0%

<Add comments here>

4.1.7 Employee costs

Forecast Actual


$’000 $’000 $’000 %Wages and salaries 0 0 0 0.0%WorkCover 0 0 0 0.0%Superannuation 0 0 0 0.0%List other components - agree to Model Accounts

0 0 0 0.0%

Total employee costs 0 0 0 0.0%

<Add comments here>


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4.1.8 Materials and services

Forecast Actual


$’000 $’000 $’000 %Contract payments 0 0 0 0.0%Building maintenance 0 0 0 0.0%General maintenance 0 0 0 0.0%List other components - agree to Model Accounts

0 0 0 0.0%

Total materials and services 0 0 0 0.0%

<Add comments here>

4.1.9 Depreciation and amortisation

Forecast Actual


$’000 $’000 $’000 %Property 0 0 0 0.0%Plant & equipment 0 0 0 0.0%Infrastructure 0 0 0 0.0%List other components - agree to Model Accounts

0 0 0 0.0%

Total depreciation and amortisation 0 0 0 0.0%

<Add comments here>

4.1.10 Other expenses

Add additional tables for each material components of the Comprehensive Income Statement.

Forecast Actual


$’000 $’000 $’000 %List the other components 0 0 0 0.0%List the other components 0 0 0 0.0%List the other components 0 0 0 0.0%List the other components - agree to Model Accounts

0 0 0 0.0%

Total other expenses 0 0 0 0.0%

<Add comments here>


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4.2 Balance Sheet

4.2.1 Assets

<Add relevant comments here>

4.2.2 Liabilities

<Add relevant comments here>

4.2.3 Borrowings

The table below shows information on borrowings specifically required by the Regulations.

2017/18 2018/19$ $

Amount borrowed as at 30 June of the prior year 0 0Amount proposed to be borrowed 0 0Amount projected to be redeemed 0 0Amount of borrowings as at 30 June 0 0


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4.3 Statement of changes in Equity

4.3.1 Reserves

<Add comments detailing movements to and from reserves. If not clearly apparent, comments should explain the purpose of the reserve >

4.3.2 Equity

<Add any relevant comments here>


4.4 Statement of Cash Flows

4.4.1 Net cash flows provided by/(used in) operating activities

<Add comments here>

4.4.2 Net cash flows provided by/(used in) investing activities

<Add comments here>

4.4.3 Net cash flows provided by/(used in) financing activities

<Add comments here>


4.5 Capital works program

This section presents a listing of the capital works projects that will be undertaken for the 2018/19 year, classified by expenditure type and funding source. Works are also disclosed as current budget or carried forward from prior year.

4.5.1 Summary

Forecast Actual


$’000 $’000 $’000 %Property 0 0 0 0.0%Plant and equipment 0 0 0 0.0%Infrastructure 0 0 0 0.0%Total 0 0 0 0.0%

<Add comments here>

Project Cost

Asset expenditure types Summary of Funding SourcesNew Renewal Upgrade Expansion Grants Contributions Council Cash Borrowings

$’000 $’000 $’000 $’000 $’000 $’000 $’000 $'000 $'000

Property 0 0 0 0 0 0 0 0 0Plant and equipment 0 0 0 0 0 0 0 0 0Infrastructure 0 0 0 0 0 0 0 0 0Total 0 0 0 0 0 0 0 0 0

<Add comments here>

Victorian City Council Model Budget – 2018/2019Local Government Victoria

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4.5.2 Current Budget

Project Cost

Asset expenditure types Summary of Funding sourcesCapital Works Area New Renewal Upgrade Expansion Grants Contributions Council Cash Borrowings

$’000 $’000 $’000 $’000 $’000 $’000 $’000 $'000 $'000PROPERTY

LandInsert detailed list 0 0 0 0 0 0 0 0 0Land ImprovementsInsert detailed list 0 0 0 0 0 0 0 0 0Buildings Insert detailed list 0 0 0 0 0 0 0 0 0Building ImprovementsInsert detailed list 0 0 0 0 0 0 0 0 0Leasehold ImprovementsInsert detailed list 0 0 0 0 0 0 0 0 0Heritage buildingsInsert detailed list 0 0 0 0 0 0 0 0 0TOTAL PROPERTY 0 0 0 0 0 0 0 0 0

PLANT AND EQUIPMENT

Plant, Machinery and EquipmentInsert detailed list 0 0 0 0 0 0 0 0 0Fixtures, Fittings and FurnitureInsert detailed list 0 0 0 0 0 0 0 0 0Computers and TelecommunicationsInsert detailed list 0 0 0 0 0 0 0 0 0Heritage Plant and EquipmentInsert detailed list 0 0 0 0 0 0 0 0 0Library booksInsert detailed list 0 0 0 0 0 0 0 0 0TOTAL PLANT AND EQUIPMENT 0 0 0 0 0 0 0 0 0


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Project Cost


$’000 $’000 $’000 $’000 $’000 $’000 $’000 $'000 $'000

INFRASTRUCTURE

RoadsInsert detailed list 0 0 0 0 0 0 0 0 0BridgesInsert detailed list 0 0 0 0 0 0 0 0 0Footpaths and CyclewaysInsert detailed list 0 0 0 0 0 0 0 0 0DrainageInsert detailed list 0 0 0 0 0 0 0 0 0Recreational, Leisure & Community FacilitiesInsert detailed list 0 0 0 0 0 0 0 0 0Waste ManagementInsert detailed list 0 0 0 0 0 0 0 0 0Parks, Open Space and StreetscapesInsert detailed list 0 0 0 0 0 0 0 0 0AerodromesInsert detailed list 0 0 0 0 0 0 0 0 0Off Street Car ParksInsert detailed list 0 0 0 0 0 0 0 0 0Other InfrastructureInsert detailed list 0 0 0 0 0 0 0 0 0TOTAL INFRASTRUCTURE 0 0 0 0 0 0 0 0 0

TOTAL CAPITAL WORKS 0 0 0 0 0 0 0 0 0


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4.5.3 Works carried forward from the 2017/18 year

Project Cost


$’000 $’000 $’000 $’000 $’000 $’000 $’000 $'000 $'000PROPERTY

LandInsert detailed list 0 0 0 0 0 0 0 0 0Land ImprovementsInsert detailed list 0 0 0 0 0 0 0 0 0Buildings Insert detailed list 0 0 0 0 0 0 0 0 0Building ImprovementsInsert detailed list 0 0 0 0 0 0 0 0 0Leasehold ImprovementsInsert detailed list 0 0 0 0 0 0 0 0 0Heritage buildingsInsert detailed list 0 0 0 0 0 0 0 0 0TOTAL PROPERTY 0 0 0 0 0 0 0 0 0

PLANT AND EQUIPMENT

Plant, Machinery and EquipmentInsert detailed list 0 0 0 0 0 0 0 0 0Fixtures, Fittings and FurnitureInsert detailed list 0 0 0 0 0 0 0 0 0Computers and TelecommunicationsInsert detailed list 0 0 0 0 0 0 0 0 0Heritage Plant and EquipmentInsert detailed list 0 0 0 0 0 0 0 0 0Library booksInsert detailed list 0 0 0 0 0 0 0 0 0TOTAL PLANT AND EQUIPMENT 0 0 0 0 0 0 0 0 0


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Project Cost


$’000 $’000 $’000 $’000 $’000 $’000 $’000 $'000 $'000

INFRASTRUCTURE

RoadsInsert detailed list 0 0 0 0 0 0 0 0 0BridgesInsert detailed list 0 0 0 0 0 0 0 0 0Footpaths and CyclewaysInsert detailed list 0 0 0 0 0 0 0 0 0DrainageInsert detailed list 0 0 0 0 0 0 0 0 0Recreational, Leisure & Community FacilitiesInsert detailed list 0 0 0 0 0 0 0 0 0Waste ManagementInsert detailed list 0 0 0 0 0 0 0 0 0Parks, Open Space and StreetscapesInsert detailed list 0 0 0 0 0 0 0 0 0AerodromesInsert detailed list 0 0 0 0 0 0 0 0 0Off Street Car ParksInsert detailed list 0 0 0 0 0 0 0 0 0Other InfrastructureInsert detailed list 0 0 0 0 0 0 0 0 0TOTAL INFRASTRUCTURE 0 0 0 0 0 0 0 0 0

TOTAL CARRIED FORWARD CAPITAL WORKS 2017/18 0 0 0 0 0 0 0 0 0


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5. Financial performance indicators

The following table highlights Council’s current and projected performance across a range of key financial performance indicators. These indicators provide a useful analysis of Council’s financial position and performance and should be interpreted in the context of the organisation’s objectives.

Indicator Measure

Not

es Actual Forecast Budget Strategic Resource Plan Projections Trend

2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 +/o/-Operating position Adjusted underlying result Adjusted underlying surplus (deficit) / Adjusted

underlying revenue1 % % % % % % +

LiquidityWorking Capital

Current assets / current liabilities 2 % % % % % % o

Unrestricted cashUnrestricted cash / current liabilities 3 % % % % % % o

ObligationsLoans and borrowings Interest bearing loans and borrowings / rate

revenue4 % % % % % % +

Loans and borrowings Interest and principal repayments on interest bearing loans and borrowings / rate revenue

% % % % % % +

Indebtedness Non-current liabilities / own source revenue % % % % % % +

Asset renewal Asset renewal expenses / Asset depreciation 5 % % % % % % -

StabilityRates concentration Rate revenue / adjusted underlying revenue 6 % % % % % % -

Rates effort Rate revenue / CIV of rateable properties in the municipality

% % % % % % o


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Indicator Measure

Not

es Actual Forecast Budget Strategic Resource Plan Projections Trend

2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 +/o/-EfficiencyExpenditure level Total expenses/ no. of property assessments $000 $000 $000 $000 $000 $000 +

Revenue level Residential rate revenue / no. of residential property assessments

$000 $000 $000 $000 $000 $000 +

Workforce turnover No. of permanent staff resignations & terminations / average no. of permanent staff for the financial year

% % % % % % +

Key to Forecast Trend:+ Forecasts improvement in Council's financial performance/financial position indicatoro Forecasts that Council's financial performance/financial position indicator will be steady - Forecasts deterioration in Council's financial performance/financial position indicator

Notes to indicators

1. Adjusted underlying result<add commentaries as appropriate>

2. Working Capital<add commentaries as appropriate>

3. Unrestricted Cash<add commentaries as appropriate>

4. Debt compared to rates<add commentaries as appropriate>

5. Asset renewal<add commentaries as appropriate>

6. Rates concentration<add commentaries as appropriate>


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