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2019-11-18 General Committee Agenda
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AGENDA
General Committee
Meeting
Monday, 18 November 2019
commencing at 10am
Council Chambers, 9 Pelican Street, Tewantin
Committee: Crs Frank Wilkie (Chair), Jess Glasgow, Ingrid Jackson,
Joe Jurisevic, Frank Pardon, Brian Stockwell, Tony Wellington
“Noosa Shire – different by nature”
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Section 2
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
TABLE OF CONTENTS
ITEM PAGE
ATTENDANCE & APOLOGIES -
PRESENTATIONS -
DEPUTATIONS -
ITEMS REFERRED FROM PLANNING & ENVIRONMENT COMMITTEE 2
1 NOOSA BIOSECURITY PLAN 2020
(Planning & Environment Committee Agenda, 12 November 2019, Item 3, Page 14)
Reason for referral – for a further report)
2 OPW17/0150.01 - PLANNING & ENVIRONMENT COURT APPEAL NO D186 OF 2019 -
REFUSAL OF APPLICATION FOR OPERATIONAL WORKS - PRESCRIBED TIDAL
WORKS - EXTENSION TO EXISTING JETTY AT 180 GYMPIE TERRACE, NOOSAVILLE
(Planning & Environment Committee Agenda, 12 November 2019, Item 6, Page 29)
Reason for referral – for further consideration)
ITEMS REFERRED FROM SERVICES & ORGANISATION COMMITTEE 2
3 DRAFT NOOSA DISTRICT SPORTS COMPLEX AND COOROY SPORTS COMPLEX
MASTER PLANS
(Services & Organisation Committee Agenda, 12 November 2019, Item 8, Page 22)
Reason for referral – for further consideration)
4 NOOSA HEADS LIONS PARK - GO NOOSA PARKING 2019-20
(Services & Organisation Committee Agenda, 12 November 2019, Item 9, Page 29)
Reason for referral – for further consideration)
5 1819T085 - CONSTRUCTION OF HILTON TERRACE AND ERNEST STREET,
TEWANTIN: INTERSECTION AND CORRIDOR UPGRADE
(Services & Organisation Committee Agenda, 12 November 2019, Item 10, Page 34)
Reason for referral – Significance of the issue)
6 NOOSA COUNCIL 2018-19 ANNUAL REPORT
(Services & Organisation Committee Agenda, 12 November 2019, Item 11, Page 50)
Reason for referral – Significance of the issue)
REPORTS DIRECT TO GENERAL COMMITTEE 3
7 FURTHER REPORT - NOOSA BIOSECURITY PLAN 2020 3
8 GO NOOSA – ROUTE 065 SHUTTLE BUS LOOP SERVICE 5
9 BUDGET REVIEW 2 (BR2) FOR THE 2019/20 FINANCIAL YEAR 9
10 FINANCIAL PERFORMANCE REPORT - OCTOBER 2019 27
CLOSED SESSION -
Page 2 of 38
Section 3
GENERAL COMMITTEE MEETING REPORT 18 NOVEMBER 2019
REPORTS DIRECT TO GENERAL COMMITTEE
7 FURTHER REPORT - NOOSA BIOSECURITY PLAN 2020
Author Principal Environment Officer, Peter Milne
Environment and Sustainable Development Department
Index ECM/ Pest Management
Attachments 1. Draft Noosa Biosecurity Plan 2020 (with tracked changes)
(55 page attachment provided separately to this agenda)
EXECUTIVE SUMMARY
Not Applicable.
RECOMMENDATION
That Council note the report by the Principal Environment Officer to the Planning and Environment
Committee Meeting dated 12 November 2019 and the Further Report to the General Committee
Meeting dated 18 November 2019 and resolve to commence public consultation on the Draft
Noosa Biosecurity Plan provided at Attachment 1, from 25 November until 23 December 2019.
REPORT
A report on the Draft Noosa Biosecurity Plan was presented to the Planning and Environment
Committee on the 12 November 2019. At this meeting, Councillors requested a further report be
presented to the General Committee on 18 November 2019 with additional information.
A revised draft of the Noosa Biosecurity Plan 2020 is presented here with additional information;
A clear reference to the monitoring and evaluation targets of the Noosa Environment
Strategy, how they have informed the Noosa Biosecurity Plan and how they will be used to
monitor the Plan’s success.
Inclusion of Noosa Environment Strategy actions, where appropriate to biosecurity matters,
and clearer timing/prioritisation of actions identified as part of the Noosa Biosecurity Plan,
where appropriate.
Further information and action around the potential impacts of climate change on biosecurity
threats within the Noosa Shire.
Further discussion and relevant action supporting continued exploration of alternative
technologies and techniques for management of biosecurity threats in Noosa.
Previous Council Consideration
Nil
Finance & Risk
As per report to Planning and Environment Committee 12 November 2019.
Consultation
External Consultation - Community & Stakeholder
As per report to Planning and Environment Committee 12 November 2019.
Internal Consultation
As per report to Planning and Environment Committee 12 November 2019.
Page 3 of 38
Section 4
GENERAL COMMITTEE MEETING REPORT 18 NOVEMBER 2019
Departments/Sections Consulted:
Chief Executive Officer x Community Services Corporate Services
Executive Officer Director Director
Executive Support Community Development Financial Services
Community Facilities ICT
Libraries & Galleries Procurement & Fleet
x Local Laws Property
Waste & Environmental Health Revenue Services
Executive Services x Environment & Sustainable Development x Infrastructure Services
Director x Director Director
Community Engagement Building & Plumbing Services Asset Management
Customer Service x Development Assessment Buildings and Facilities
Governance Economic Development x Civil Operations
People and Culture x Environmental Services Disaster Management
Strategic Land Use Planning Infrastructure Planning,
Design and Delivery
Page 4 of 38
Section 5
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
8 GO NOOSA – ROUTE 065 SHUTTLE BUS LOOP SERVICE
Author Project Officer, Jo Ferris
Infrastructure Services Department
Index ECM/ Subject/Transport Policy
ECM/project & Contract/Transport Strategy/General
Attachments Nil
EXECUTIVE SUMMARY
Nil
RECOMMENDATION
That Council note the report by the Project Officer to the General Committee Meeting dated 18
November, 2019 and accept the revised TransLink quote in the sum of $116,000 to operate Route
065 Shuttle Bus Loop service.
REPORT
The purpose of this report is to provide an update on the revised quote from TransLink to operate
Route 065 shuttle bus loop service.
1. Route 065 Shuttle Bus Loop Service
Page 5 of 38
Section 6
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
It is proposed to operate a shuttle bus loop service from 14 December 2019 – 27 January 2020
(every day including all public holidays except 25 Dec). The shuttle would operate on a 15 minute
frequency 7am-7pm and every 30 minutes from 7pm-10pm.
The shuttle would travel in a clockwise direction to make use of the bus queue jump on Noosa
Parade. The shuttle would service Hastings Street, Noosa Drive, Weyba Rd, and Noosa Pde,
stopping at TransLink stops as requested and at temporary bus stops located outside the Noosa
AFL grounds and opposite The J. Both the Noosa AFL grounds and The J car park would be key
Park & Ride locations totalling 500 car parks.
2. Revised TransLink quote
One of the risks identified in the report to the Services & Organisation Committee Meeting dated 8
October 2019, titled Peak Period Traffic Management Plan 2019/2020, was that the exact shuttle
bus cost may be higher than reported. TransLink have recently advised that upon obtaining
detailed quotes from both Sunbus & Buslink the quote for the Route 065 shuttle bus loop service
has increased.
Current Shuttle Budget Allocation $65,000
TransLink Quotes Amount
Original TransLink quote $ 65,000
Revised TransLink quote $116,000
The reasons for the price increase:
Sunbus would need to utlise casual and permanent drivers during their holidays and rostered
days off to accommodate the service. Sunbus would be required to pay penalty and public
holiday rates to staff.
The Buslink depot is closed over the school holidays and would need to be re-opened, in
addition all of the Buslink drivers are on casual rates.
Additional quotes have been sought from local bus operators and they are within the range of the
Peak Period Traffic Management Plan 2019/2020 shuttle bus budget allocation. The local bus
operator options include either a 1 x 24-seater bus with a trailer or a 1 x 57-seater bus with a trailer.
Bulky goods e.g. surfboards, esky etc. would be required to go in the trailer.
However none of these buses will be Disability Discrimination Act (DDA) compliant or low floor.
Using one of these operators would also require a Transport Operations (Passenger Act) Act 1994,
section 43 agreement with the Department of Transport and Main Roads which will require time to
negotiate.
TransLink have advised that they do not have an existing relationship with the local operators and
as such may be required to undertake due diligence before allowing them to operate a public
passenger service.
3. Branding
TransLink have advised that the shuttle bus could be wrapped in Go Noosa branding but it is
unlikely that the wrapped bus would be able to remain dedicated to the 065 service as it’s
operationally difficult to achieve. In addition it must comply with the Vehicle Appearance Policy e.g.
TransLink livery must be visible.
The local bus operator’s buses could be wrapped in Go Noosa branding and would be dedicated
to the 065 service.
Page 6 of 38
Section 7
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
Previous Council Consideration
Ordinary Meeting Minutes, 17 October 2019, Item 3, Page 7
That Council note the report by the Project Manager and Project Officer – Transport Innovation to
the Services & Organisation Committee Meeting dated 8 October 2019 regarding the Peak Period
Traffic Management Plan 2019/2020 and:
A. Approve the use of free holiday buses for TransLink Routes 626, 627, 628, 629 and 632 from
the 14 December 2019 to the 27 January 2020 and the 4 April 2020 to the 19 April 2020;
B. Approve the use of a bus service 064 between Peregian Beach and Noosa Heads from the
14 December 2019 to the 27 January 2020 and the 4 April 2020 to the 19 April 2020;
C. Approve the trial of a Noosa branded Park & Ride shuttle bus loop servicing Weyba Road,
Noosa Parade, Hastings Street and Noosa Drive from the 14 December 2019 to the 27
January 2020; ORDINARY MEETING MINUTES 17 OCTOBER 2019 Page 8 of 16
D. Approve the trial of temporary bus queue jumps east bound on Noosa Parade, and north
bound on Noosa Drive from the 26 December 2019 to the 5 January 2020;
E. Approve the use of free services on the Boreen Point - Tewantin Flexilink and Council Cabs
from the 26 December 2019 to the 5 January 2020;
F. Approve the use of an Information Management System at key entry points to Noosa from
the 14 December 2019 to the 27 January 2020 and the 4 April 2020 to the 19 April 2020 for
the purpose of informing motorists of car parking availability;
G. Approve the use of traffic control in the Hastings Street precinct and surrounding areas to
prioritise bus and pedestrian movements from the 14 December 2019 to the 27 January 2020
and the 4 April 2020 to the 19 April 2020;
H. Approve the use of wayfinding in the Hastings Street and Noosa Junction precincts from the
14 December 2019 to the 27 January 2020 and the 4 April 2020 to the 19 April 2020; and
I. Approve the temporary conversion of 8 parallel car parks on the southern side of Hastings
Street from the Hastings Street roundabout to 28 Hastings St for other uses including, loading
bays and increased footpath, from 14 December 2019 to 27 January 2020 and from 4 April
2020 to 19 April 2020.
Finance
Based on the potential revenue from paid parking at Noosa Heads Lions Park the additional
TransLink costs to operate Route 065 could be covered.
The total average daily income from the Noosa Heads Lions Park paid parking in 2018/19 was
$5000 a day with 40% of that revenue going to the Tewantin-Noosa Lions Club.
Noosa Heads Lions Park - revenue Amount
Go Noosa Xmas 2018/19 – Council’s 60% share of paid parking (Park operation $80,000
26/28 days)
Potential revenue to Council from Go Noosa Xmas 2019/20 – (Based on park $60,000
operational for 20/26 days & existing split of 60% to Noosa Council & 40% to
Lions Club)
Shortfall from existing budget for Shuttle $51,000
In addition there is $30,350 contingency for Go Noosa – Xmas 2019/20, however this is for the
entire Christmas program.
Page 7 of 38
Section 8
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
Risks & Opportunities
TransLink operated service:
Opportunities Risk
DDA compliant buses Go Noosa branded bus not guaranteed to
stay on Route 065
Low floor buses - easy to access for prams
Faster boarding of bulky goods (surfboard, esky,
etc.) than loading/unloading in a trailer
Local Bus operator 24 Seater
Opportunities Risk
Trial a smaller style bus as community feedback Smaller bus - people may be left waiting
is that the TransLink buses are big and bulky
Go Noosa branded bus to stay on route 065 Time taken to load/unload bulky items from
trailer
Not low floor or DDA compliant
Time constraints to implement a Section 24
Agreement with DTMR
One bus
Local Bus operator 57 Seater:
Opportunities Risk
Transport more people (equivalent to a Time taken to load/unload bulky items from
TransLink bus) trailer
Go Noosa branded bus to stay on route 065 Not low floor or DDA compliant
Time constraints to implement a Section 24
Agreement with DTMR
There is an overall risk that income from the Noosa Heads Lions Park paid parking is not realised
due to wet weather (park does not operate).
Consultation
External Consultation - Community & Stakeholder
Nil
Internal Consultation
Nil
Departments/Sections Consulted:
x Chief Executive Officer Community Services Corporate Services
Executive Officer Director Director
Executive Support Community Development Financial Services
Community Facilities ICT
Libraries & Galleries Procurement & Fleet
Local Laws Property
Waste & Environmental Health Revenue Services
Executive Services Environment & Sustainable Development x Infrastructure Services
Director Director X Director
Community Engagement Building & Plumbing Services Asset Management
Customer Service Development Assessment Buildings and Facilities
Governance Economic Development Civil Operations
People and Culture Environmental Services Disaster Management
Strategic Land Use Planning X Infrastructure Planning,
Design and Delivery
Page 8 of 38
Section 9
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
9 BUDGET REVIEW 2 (BR2) FOR THE 2019/20 FINANCIAL YEAR
Author Manager Financial Services, Trent Grauf
Corporate Services Department
Index ECM / Subject / 7.23 – 2019-2020 Budget
Attachments 1. Proposed Operating Budget Submissions
2. Proposed Capital Budget Submissions
3. Revised Capital Program
4. Revised Statement of Income and Expenditure
5. Revised Budget Financial Statements
EXECUTIVE SUMMARY
The Local Government Act 2009 and Local Government Regulation 2012 require Council to
undertake regular reviews of the adopted budget to ensure it remains reflective of planned activities
to be funded through the financial year. This second budget review for the 2019/20 financial year
(BR2) incorporates any new or emergent actions arising from Council resolution, Executive Team
or Capital Works Executive Committee action, reallocation of funds or realised revenue variance
since the adoption of the current BR1 budget in August 2019.
In summary the budget review is proposing a marginal decrease of $5k to Council’s operating
position resulting in a revised operating surplus of $24k. The revised capital expenditure program
remains at $30.9 million.
Item Current Budget Proposed Revised Budget
(BR1) Adjustments (BR2)
($’000) ($’000) ($’000)
Operating Revenue $99,870 ($36) $99,833
Operating Expenditure $99,841 ($32) $99,809
Operating Result $29 ($5) $24
Capital Grants and Contributions Revenue $6,184 ($673) $5,511
Capital Works Expenditure $30,880 ($7) $30,873
RECOMMENDATION
That Council note the report by the Manager Financial Services to the General Committee Meeting
dated 18 November 2019 and approve the proposed changes to the budget for the 2019/20
financial year as outlined in the revised Budget Financial Statements attached to the report.
REPORT
Section 170(3) of the Local Government Regulation 2012 allows Council, by resolution, to amend
the budget at any time before the end of the financial year. Consequently, formal budget reviews
are scheduled to occur during August, November and April using the latest financial information
available as the basis to revise the budget forecast.
The key criteria for budget reviews include:
1. Council must maintain an operating surplus in the original budget year and ensure financial
sustainability targets continue to be met.
2. The eligible capital or operating project must be delivery-ready with a commitment to
complete the project during the year.
Page 9 of 38
Section 10
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
3. Capital submissions will be reviewed and authorised by the Capital Works Executive group
before inclusion as a budget review submission, where the group will consider justification
for the request, deliverability, as well as organisational and community priorities before
endorsing any capital works.
4. All operating and capital submissions for additional spend, reallocation of savings or
additional revenue will be confirmed by the Executive Team based on business risk
assessment.
The revised statement of comprehensive income, included as Attachment 4, identifies the financial
statement line items that have been affected by the proposed budget adjustments. The budget
financial statements, included in Attachment 5, also identify the impact of the proposed budget
adjustments to Council’s financial sustainability indicators.
1. Proposed Operating Budget Adjustments
The proposed operational budget adjustments will result in a $5k decrease to the operating surplus.
The following table summarises the 8 operational submissions by department and branch, with a
detailed list contained in Attachment 1. The financial statements in Attachments 4 and 5 outline
the revised budget position as a result of these carryovers.
Department Branch Expenses Revenue Total
Community Services Community Development 5,000 -21,000 -16,000
Community Facilities -196,943 194,191 -2,751
Libraries and Galleries 20,990 -9,990 11,000
Community Services Total -170,953 163,201 -7,751
Environment and Sustainable Economic Development 4,000 4,000
Development
Environmental Services 11,365 11,365
Environment and Sustainable 15,365 15,365
Development Total
Infrastructure Services Council Buildings and -25,300 -25,300
Facilities
Disaster Management -22,300 -22,300
Infrastructure Services Total - -47,600 -47,600
Executive Services Governance 44,550 44,550
Executive Services Total 44,550 44,550
Total -111,038 115,601 4,564
2. Proposed Capital Budget Adjustments
A total of 22 budget review submissions were received for capital works projects submissions with
a proposed reduction of $7k to the 2019/20 capital works program. All capital submissions have
been reviewed by the Capital Works Executive.
The table below summarises the budget submissions by program and categorised as:
Emergent Request: New items, acceptance of tender, change in scope or reallocation of
funds.
Identified Saving: Actual cost will be under budget.
Timing Adjustment: Commencement of construction has been delayed and works will
straddle two financial years into 2020/21.
The full list of submissions is contained in Attachment 2.
Page 10 of 38
Section 11
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
Program Cost Emergent Timing - Total
Variation Works Delay
Capital Works
Bridges -$1,350 -$1,350
Car Parks $0
Cemeteries $0
Coastal Canals and Waterways -$380 -$380
Commercial Land & Property $0
Community Facilities $240 $240
Corporate Buildings $0
Gravel Road Network $0
Holiday Parks $436 $436
Libraries & Galleries $88 $88
Parks & Playgrounds $60 $60
Pathways & Boardwalks $50 $130
Public Amenities $0
Sealed Roads Network $52 $52
Stormwater Drainage -$200 -$200
Transport and Infrastructure Management $1,700 -$50 $1,650
Public Transport Infrastructure $0
Streetscapes and Road Corridors $0
Waste Management $130 $130
Other Works
Fleet - Plant Replacement -$563 -$563
Asset Management -$300 -$300
Information Technology $0
Planning Scheme $0
Grand Total $2,216 $619 -$2,843 -$7
The following table summarises the proposed revised 2019/20 capital budget.
Total Capital Budget Amount
($'000)
Original Budget $28,399
BR1 Adjustments $2,481
Current Capital Expenditure Budget $30,880
Proposed BR2 Adjustments -$7
Revised BR2 Capital Expenditure Budget $30,873
The following table summarises the proposed revised 2019/20 capital budget by program, with the
full program contained in Attachment 3.
Program Current BR1 Proposed BR2 Revised BR2
Budget Changes Budget
Capital Works
Bridges $2,502 -$1,350 $1,152
Cemeteries $60 $0 $60
Coastal Canals and Waterways $475 -$380 $95
Commercial Land & Property $3,373 $0 $3,373
Community Facilities $1,362 $240 $1,602
Corporate Buildings $168 $0 $168
Gravel Road Network $410 $0 $410
Holiday Parks $2,462 $436 $2,898
Page 11 of 38
Section 12
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
Program Current BR1 Proposed BR2 Revised BR2
Budget Changes Budget
Libraries & Galleries $45 $88 $133
Parks & Playgrounds $1,298 $60 $1,358
Pathways & Boardwalks $307 $130 $437
Public Amenities $594 $0 $594
Sealed Roads Network $5,592 $52 $5,644
Stormwater Drainage $1,700 -$200 $1,500
Transport and Infrastructure Management $3,766 $1,650 $5,416
Public Transport Infrastructure $500 $0 $500
Streetscapes and Road Corridors $14 $0 $14
Waste Management $508 $130 $638
Other Works
Fleet - Plant Replacement $1,817 -$563 $1,254
Asset Management $1,864 -$300 $1,564
Information Technology $907 $0 $907
Planning Scheme $1,157 $0 $1,157
Grand Total $30,880 -$7 $30,873
Previous Council Consideration
The 2019/20 original budget was adopted by Council resolution on 28 June 2019 (Ref. Special
Meeting Minutes, 28 June 2019, Item 3, Page 3).
Ordinary Meeting Minutes, 15 August 2019, Item 11, Page 18
That Council note the report by the Manager Financial Services to the General Committee Meeting
dated 12 August 2019 and approve the proposed changes to the budget for the 2019/20 financial
year as outlined in the Revised Budget Financial Statements attached to the report.
Finance
Council’s 2019/20 budgeted financial sustainability ratios will all remain within the benchmark
ranges as per the table below.
Ratio Target Original Budget BR1 BR2
Operating Surplus 0 – 10% 0.1% 0.0% 0.0%
Net Financial Liabilities < 60% (6.8%) (5.7%) (9.4%)
Asset Sustainability > 90% 119.6% 129.4% 108.4%
Page 12 of 38
Section 13
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
Risks & Opportunities
Council’s risk register includes a number of risks that could impact on ongoing financial
sustainability. Effective budget management and reporting is an important risk mitigation tool.
Consultation
External Consultation - Community & Stakeholder
Nil.
Internal Consultation
Financial Services have been in contact with all Council branches. Directors of each department
have reviewed endorsed all submissions received. The Executive Team has also reviewed and
endorsed all submissions received.
Departments/Sections Consulted:
x Chief Executive Officer x Community Services x Corporate Services
Executive Officer Community Development x Financial Services
Executive Support Community Facilities ICT
Libraries & Galleries Procurement & Fleet
Local Laws Property
Waste & Environmental Health Revenue Services
x Executive Services x Environment & Sustainable Development x Infrastructure Services
Community Engagement Building & Plumbing Services Asset Management
Customer Service Development Assessment Buildings and Facilities
Governance Economic Development Civil Operations
People and Culture Environmental Services Disaster Management
Strategic Land Use Planning Infrastructure Planning,
Design and Delivery
Page 13 of 38
Section 14
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
Attachment 1
Page 14 of 38
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
Attachment 1
Noosa Shire Council
2019/20 Budget Review 2 - Operational Submissions
For the period ending 30 June
Function [Details Expense
Emergent Request (Fully Funded)
RADF RADF additional funding 2019-20 Council projects 21,000 - 21,000 -
Noosa Community Support Reduction in grant funding through the QCCS program - 197,943 194.191 - 3,751
Libraries and Galleries Increased Public Library Grant funding for acquisition of 5,440 - 5,440 -
library stock
Engaging Science Grant funded program for 2020 4550 - 4550 -
Emergent Request (Fully Funded) Total - 166,953 163,201 - 3,751
Emergent Request (Unfunded)
Environmental Services Additional flying-fox monitoring and extended sprinkler 11,365 11,365
system in Wallace Park
Insurance Increase to insurance premiums above original budget 44 550 44,550
estimates
Emergent Request (Unfunded) Total 55,915 - 55,915
Additional Revenue / Savings
Get Ready Grant Get Ready Queensland Grant - 22,300 - 22,300
Buildings and Facilities Recovery of Unity water charges for Noosa SLSC (not . 25,300 - 25,300
included in original budget)
Additional Revenue / Savings Total - 47,600 - 47,600
CM
Page 14 of 38Section 15
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
Attachment 2
Page 15 of 38
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
Attachment 2
Noosa Shire Council
2019/20 Capital Budget Review 2 - Capital Submissions
Progect Description etree. ie Proposed BR2 od ee Pair rs)
|
= OS
eS OS = a
| OO eee |
Renewsl cf revetrantwalatOGoutsGyree Toe | TOF)
Beech Access Shower Renewal Cieude Baten Deve 4880
Comstal Camate and Waterways Total 0 AACE B00 8
Cormteres Vote
Commyrenscereas} Meet TC
Foufous Street Stage 3-Civi Works (Water Main) | S300
Foufous Street Stage 3-Project Marepermet | ASOD
CommercialLand & PropertyTotal STE
Surahine Beech NAC-Remewer Progr | POR
Necseville Wallace House Restumeing SOOO
Cansei reste Te Oa |
RI eee
anemia | [Rae] [enone nciaseemcrene |
Tewantin Adein Guliting-Secuty Upgrete | BOB
Gravel Rowd Network Total 0
Ree e —EEee
Holkdwy Parks Total 0 BOO
Necseville Library Reefurbisherert
Coury Butter Factorylouwe Replacement | 8000
Paeey Baer Fase eet er Ie nay tenet |
Litemies & Galleres Tote BO
Noose Hinterland Pricrty Pinygound SSF
=e ee
a a La
ae ee —‘isdrS
a Se Carson see ye —“Csi—CsisrS
posses Haste Foes Cen Pen appeeneRences fA
Page 15 of 38Section 16
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
Page 16 of 38
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
eae Rs ge a] Current BR1 ede aed ree. 2020/21
bo Pa et eats 4 Budget bots at
fie ret
‘Shire BBQ Renewal Progam FY1S0 TB
‘Stwe Park Furmture Renewal Program YS20 0)
‘Shire Park SheterRenewai Progam FY1S20 45D
ree etearedieae |_|
Parke SPlaygroundsTotel BBE OOO
‘Tewantn, Hiton Terace CNLGGP Shared Pameay BOTS
Wallace Pam Patway Stage 5S 6
‘Stwe Patway Renews Progam FY1S20 |
=e
ee ee emeaeem |
—e—— | OUT 3 eS oo
Pathway Network intemal road and pattway netaorks witin Noosa Derict
Publio Amenities Totti
ogee Se
Publio Trancport infractructure Tote SO
Wholec’ Shire Reses 2 AehapmtatonFrgrm | 3.800.000 0
SS SSS
—— on | UT lS™~<“—s*S*S*sSSCSsSYYSC‘CN
Tewan StGraveload Semi
ce ll
HecorSreetRoadWidenngancKeb&Cranness 67000 |
Pee eee
Damaged Guardrail Renewals (Various) Emergert works to replace 3 number of identfied damaged
GesledRoads Network Total BNET OO ET
‘StwePitStucureRenewaiProgan*320 0 2 | OO
a a) es
Gympie Temece Stormer
Ca Ta re a ee
Se eee eee em
aac) ae sins) ae meee |e
SommwaterDrainage Total BBB 0 I 280,008 |
aaa a
SreetcoapecandRoadCoridoreTott a
Whole cf Shire Forward Planning Design Program | 0,000
See EAC UU aa | —— ome | ____} _ same}
— re carats & ened drat races ial T7RGRGE | RRIT ATE | Aastona cass coreie he erect based on set |
Teeana, ten Tanase Genes Soeci ene
ceertoorenneermmmeees) mama
Stone esoarmes mer [mm
NoossHeadsLesieOrveKosiaFoleRenews 6 4000
weno scymosemem aces! = ema SLO] eats | Tema dents emedbrenectees scented cea | S00)
Trancport and infrastructure ManagementTota = 8818600000 8,808
pee ee ae ——CSdYE
Masterpian Landtl SW Conmots& Design
tamrnon | Oe
(Noosa Heads "The Woods" Bin StorageEncisure 100.0000 OO
el
SS [a TT |
Page 16 of 38Section 17
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
Page 17 of 38
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
eee) Current BR1 = Proposed BR2 Ered Fara)
ee | |
oer Oe ee
Zero Emissions Noss Projectimpiemertson—==)=S=”*=~=“~*sOTSS~—SC~C~‘“‘CN™C#CONOT| 0 T™~™SSCSC~S
Rcliearet sas reese | Ce EG) ra | Seay eoeRST oaapRRTaS RET
Noosa Gounci Food ForecasingSystem—=*=“‘S*”*~«””*~*~*~*~<“<“‘*wOOSSOSCSC*“‘C#CNCSCSCS*SC*é“‘CSNSC”SC™C*“‘“‘CSNSC™*~SsSCs‘“‘CSCSCS™S
AecotManagement Tol 80 888,008
Part Replacement Program Revision of he fieet program to reflect updsted tming and
OT
Fleet-Piant Replacement Total BOT BRBZ OBR BBE
Tcwoogore | ee
Intormation Teohmotogy Tote OB
Noosa Fiver Hye Me
Whole of Shire, Camate Crange Adapsstion Sraeegy 26
a ee
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Pranming Someme Toh
Page 17 of 38Section 18
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
Attachment 3
Page 18 of 38
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
Attachment 3
Noosa Shire Council
2019/20 Capital Budget Review 2 - Capital Program
Renewal Projects
La) Be aia betes Me Ba) ea Me) General Rates ares |
Capital Works Pree ers PS -$185,007 $14,721,064 IATL
Coastal Canals and Waterways 4 | Beach Access Shower Renewal Claude Batten Deve: $45 88D $45,980 |
‘Coastal Canais and Waterways | Disaster Resiliance Fund Tide Gauges and Flood Forecasting System 0 45.00 80,000) $95,000,
Coastal Canalis and Waterways = Renewal of revetment wall at O-Boats Gymple Toe 88707 $17,707
‘Community Faciiites 000 Community Factities Minor SSB ATE $184,418
‘Community Facilites Ns aville Wallace House Resting 885000 $85,000
‘Community Facilities oo Peregian Beach Surf Club Roof Replacement SAID $164,412,
‘Community Facilities == Sunshine Beach NAC -25m AMP Pool Renewal Program 828000 $25,000
‘Community Facilities = Sunshine Beach NAC - Regrout/ Recaulk ang Replace Tiles (50m Poot) 88D $65,000
‘Community Facilities Sunnie Beach NAC - Roof Replacement $228 65D $228,650
‘Community Facilities NAC 25m,50m and Leisure Pool Earthing System $150,000) $150,000
‘Community Facilities NAC Replacement of Lignt Pole Fittings 858,500
‘Community Facilities = Na Lelsure Centre Replacement of Ventiation Fans 0 80,000) $30, 000
Gravel Road Network Shir Gravel Resheeting - Annual Program $410,000 $410,000
Loranes&Gallenes Cry Butter Factory Ars Centre (Tne Pottery) Louvre Replacement: 8500 $15,000
ioranes&Gallenes Ns ville Library Returbismmemt 880,000 $30,000
PublicAmenties 8 Reregian Beach Public Amenities Renewal Comstmuction SETS $594,215,
‘Public Transpor infrastructure Shine Bus Smelter Disabled Compliant Program: Year 00 SSO $250,009 $500,000
Sealed Roads Network Black Mountain Road Prionty Sectons Road Reconstruction (Hinterland Prionty) 0 SBS227E BSB $1,918,214
Sealed Roads Network Directional Signage Walter Hay Onve Roundabouts and Reet Street 82653 $26,533,
‘Sealed Roads Network Shire Ker & Cannel Renewal Program $100,000) $100, 000
‘Sealed Roads Network | Damaged Guardrall Renewals (Various) 89,800) $51, 800
‘Stormwater Drainage NS VITIe Gympie Terrace Stormwater Renewals BST $1,184,831
‘Stormwater Drainage Shire Bloretention Basin Renewals Program: $80,000 $80,000
‘Stormwater Drainage Shire Pit Structure Remewel rogram $180,000 $150,000
‘Streetscapes and Road Comidors = Gorge Pearce Memorial Bench and Parkyn Hut Sign Renewal 88S $14 15
‘Transport and infrastructure Management __—__| Castaways Beach, David Low Way Safety and Comidorimprovement: 0 995 $81,995,
Transport and infrastructure Management _—__| Noosaville Gympie Terrace Corrddor Renewal Stage 200 888208832, $74,000
Transport and infrastructure Management Shire Forward Planning & Design Program Construction Ready DesigmS 800,000 $300,000
Transport and infrastructure Management Sunshine Seach Pacific Avenue Pathway, Pedestrian 8 Draimage SA $28
‘Transport and infrastructure Management | Tewanttn Hilton Terrace & Ernest St Intersection Upgrade Constructon: $487 SOD $80,000) 83,100,476 $3,617,976 |
‘Waste Management = =| Pomona Waste Transfer Station Resurfacing: 8 9380,000) $130,000
Page 18 of 38Section 19
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
Page 19 of 38
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
aa ee ag Grants ExtemaiFunds Levy Reserves Other Reserves cere el) arr
Other Capital pre Bla tye el
Fieet-PlantReplacement Council Fieetand Plant Replacement Program 51 255.088 $1.254,088
eet yee $30,000 Se ieee! $19,375,837
Upgrade, New and Expansion Projects
Item oe ale Grants ExtemaiFunds Levy Reserves OtherReserves General Rates afer
ee ras ess) $200,000 bra ars ea $9,258,403
‘Commercial Land & Property —=S*«éeregian Beach S Rufous St Redevelopment Stage 3Consiructon +... | $igi3638 | | $4,759,109 $9,372,746
Holday Parks —S*~*~*~*~*SCN NOI Shoe BeCNONt Campground Redevelopment .+=—=~=~*~S~*é=“‘“‘*~*S*S*S*S”S”S”S™S™*C™*™*C~C‘“~*‘“‘“‘*;*‘“*‘“*‘“‘*“*S*™SSSTSTSSCSCSC‘“s*é“*~*‘“‘“*SC*S CBDR S*«*SD BS
__ Libraries & Galleries Cry Butter Factory Roof & Gutter Upgrage 8880 $88,000
‘Parks & Playgrounds Crain Pioneer Park Facilities Upgrate 8ST $65,000
‘Parks & Playgrounds Cry Hinteriand Playgroum SS ES $321,527
‘Parks & Playgrounds Lak Macdonald Botanic Garden Shade House 800 $167,602 $ 367,602
‘Parks & Playgrounds regan Beach Town Square Upgrade Planning & Design $05,890) $13,890
‘Pathways & Boardwaiks NO ville Sea Eagle Drive & Shire Drive Pathway Upgrades KOO $920,000 $174,000
‘Pathways & Boardwaiks 0 Teewantin, Hilton Terrace CNLGGP Shared Patoway 8078 $18,074
‘Pathways & Boardwaiks Naa Districts Sports Complex Internal Road and Pathway Network 880,009 $50,000
‘Sealed Roads Network Breen Point Tewah St Gravel Road Seat $280,000 $250,000
‘Sealed Roads Network Breen Point, Hector Street Road widening amd SC 887000 $87,000
Sealed Roads Network Pomona, Ambulance Street Sealing of Gravel Section: $200,000) $200,000
‘Stormwater Drainage Ns aville Project Ave Stormwater Drainage Easement Upgrade 880,000 $50,000
‘Transport and infrastructure Management _—_—_| Beckman's Road Interchange Upgrade 80,000 $50,000
‘Waste Management = N00 Heads “The Woods" Bin Storage Enclosure, 89108,000 $100,000
‘Waste Management = NS ville Eurnundi Rd Transfer Station Sealing of Gravel Road 8885000 $135,000
Waste Management. Ns ville Eurnundll Road Landfill Design Stormwater Controts tor Cem 23 OOOO eH 822802
Other Capital yore) Terr s ye> ETF)
Information Technology = Technology One Cl Anywhere Systems implementation: $908,797 $906,717
‘PianningScneme imate Change Adaptation Plan Develomentand implementation: 0 SBS SOD 8S $252,905
‘Planning Seneme N88 Rr Hyer $ID $34,910
PianningScneme Sire Planning Scneme Comsumancy $1862 $136,142
‘PianningScneme Shire Project Place Based Approach - Placemaking Pilot Programm 900,000) $100,000
‘PianningScheme Sire Project Team Materials 8 Services $6852 $46,952
PianningScheme She Project Team Resources forNew Planning Scheme 888048) $581,048
Planning Scheme Stormwater Backflow Climate Change Vulnerability Assessment 55287 $5,287
Grand Total SAE eA $200,000 $200,000 $508,020 $7,568,976 $11,496,764
Page 19 of 38Section 20
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
Attachment 4
Page 20 of 38
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
Attachment 4
Revenue
Recurrent Revenue
Rates, levies & annual charges 68,702 - 68,702
Fees & charges 6,652 (10) 6,642
Interest received 1,410 - 1,410
Sale of Goods and major services 10,127 - 10,127
Sale of Contract and Recoverable Works 23 - 23
Rental & lease income 1,296 - 1,296
Other income 880 105 985
Grants, subsidies, contributions and donations 5,130 (131) 4,999
Unitywater Distributions 5,650 5,650
99,870 (36) 99,833
Expenses
Recurrent Expenses
Employee benefits 33,867 (351) 33,517
Materials & services 45,544 319 45,863
Finance costs 1,528 - 1,528
Depreciation & amortisation 18,713 - 18,713
Other expenses 188 - 188
99,841 (32) 99,809
OperatingResult
Summary of Capital Revenue and Expenditure
Capital Revenue
Capital contributions and donations 3,904 - 3,904
Grants, subsidies, contributions and donations 6,184 (673) 5,511
Other capital revenue - - -
Total CapitalRevenue 10,088 BTS) 8A
Capital Expenditure
Contributed assets 2,000 - 2,000
Constructed assets 30,880 (8) 30,873
Other capital expenses - - -
Total Capital Expenditure 82,880 82,87
Page 20 of 38Section 21
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
Attachment 5
Page 21 of 38
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
Attachment 5
ai = ee a. = ee
w ENCOUN ie 2 RN
2019/2020 -
BUDGET REVIEW 2 (BR2)
FINANCIAL STATEMENTS
Page 21 of 38Section 22
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
Page 22 of 38
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
Noosa Shire Council
2019/20 Budget Statements
For the period ending 30 June
oo a
2019 2020 2020 2020 2021 Ply? 2023 Ivy 2025 2026 2027 PIT 2029
ECU eee M@e eee me PHY AAU AAU Pat AU aU PAUL RY A AU AY AAU Amt
Income PE
Revenue
Operating revenue
Net rates, levies and charges $ 66,.453]$ 67,992|$ 68,702| $ 68,702|$ 70466 $ 72,389 $ 74,366 $ 76396 $ 78481 $ 980,623 $ 682824 $ 85,085 $ 87,408
Fees and charges $ 7.059]$ 6652)$ 7,155|$ 6642/$ 696 $ 7,197 $ 7456 $ 7723 $ 8000 $ 8287 $ 8584 $ 8865 $ 9,156
Rental income $ 1281/$ 1296/$ 1,296]$ 1296/5 1359 $ 1393 $ 1428 $ 1468 $ 1500 $ 1537 $ 1576 $ 1615 $ 1,656
Interest received $ 2292/$ 1705/$ 1,704]$ 1704/5 1,736 $ 1,664 $ 1601 $ 1581 $ 1610 $ 1668 $ 1705 $ 1812 $ 1,918
Sales revenue $ 9726/$ 9.646/$ 9646] $ 10,150] $ 10589 $ 10,944 $ 11,337 $ 11,743 $ 12,164 $ 12,601 $ 13053 $ 13,480 $ 13,922
Other income $ 944/15 880] $ ss0/$ 985/$ 10168 $ 1052 $ 1090 $ 1129 $ 1169 $ 1211 $ 1255 $ 1296 $ 1,338
Grants, subsidies, contributions and donations $ 5447/$ 5130/5 5130/5 4999]$ 5000 $ 5,001 $ 5002 $ 5003 $ 5004 $ 500 $ 5006 $ 5007 $ 5,008
Initywerter Distributions $s s7i2|/$ 5355/5 5356|$ 52356]$5 5650 $ 5650 $ 5650 $ 5650 $ 5650 $ 5650 $ 5650 $ 5650 $ 5,650
Total operating revenue $ 98,914]$ 98,656|$ 99,869/ $ 99,833] $ 102,782 $ 105,291 $ 107,928 $ 110,688 $ 113,579 $ 116,582 $ 119.652 $ 122,811 $ 126,055
Capital revenue
Government subsidies and grants - capital $ 2906]/$ 4608/5 6184/5 5511/5 5409 $ 1559 $ 1832 $ 1832 $ 1132 $ 1132 $ 1332 $ 932 $ 1,332
Contributions - Assets and other non-nonetary | $ 3556/$ 2000/$ 2000/$ 2000/$ 2000 $ 2000 $ 2000 $ 200 $ 2000 $ 2000 $ 2000 $ 2000 $ 2,000
Contributions - Monetary $ 2234/5 104|$ 1904] $ 1904/$ 2104 $ 2104 $ 2104 $ 210 $ 2104 $ 2106 $ 2104 $ 2104 $ 2104
Total capital revenue $s so $ 10,088] $ 9415/$ 9513 $ 5663 $ 5936 $ 5936 $ 5236 $ 5236 $ 5436 $ 5,036 $ 5,436
Total revenue $107,609] $ 107,368 $109,249 | $ 112,295 $ 110,954 $ 113,864 $ 116,624 $ 118,815 $ 121,819 $ 125,088 $ 127,847 $ 131,492
Capital income
Total capital income S$ 74)|S - $ - |S - $ - $ - $ - $ - $ - $ - $ - $ -
Total income $107,535 | $ 107,368 $109,249 | $ 112,295 $ 110,954 $ 113,864 $ 116,624 $ 118,815 $ 121,819 $ 125,088 $ 127,847 $ 131,492
Expenses
Operating expenses
Employee benefits $ 31,961|/$ 33863]$ 33,967] $ 33516]$ 34564 $ 35544 $ 26552 $ 37588 $ 38653 $ 39748 $ 40874 $ 42031 $ 43,220
Materials and services $ 38,686]$ 44298/$ 45544|$ 45,663|$ 47093 $ 48,167 $ 49,356 $ 50703 $ 52192 $ 54,106 $ 56306 $ 59,087 $ 60,685
Finance costs $ 5145/$ 1528/$ 1528]$ 1528]$ 1390 $ 1246 $ 1093 $ 933 $ 759 $ ST $ 399 $ 334 $ 322
Depreciation and amortisation $ 15,806]$ 18713|/$ 18,713] $ 18713] $ 19527 $ 20,121 $ 20,702 $ 21229 $ 21735 $ 21,897 $ 21,799 $ 21,059 $ 21,519
Other expenses $ _27/$ 168 | $5 498|$ 188/$ 193 $ 197 $ 202 $ 27 $ 212 §$ 27 $ 222 $ 27 $ 232
Total operating expenses $ 91,805]$ 98,520] $ 99,841/ $ 99,809] $ 102,766 $ 105,275 $ 107,905 $ 110,661 $ 113,551 $ 116,544 $ 119,598 $ 122,738 $ 125,978
Capital expenses
Total capital expenses $ 3,284]$ 243/$ 2743/5 243/$ 281 $ 28 $ 25 $ 322 $ 3100 $ 31 $ 320 $ 33 $ 342
Total expenses $ 98,763|$ 100,084] $100,052] $ 103.047 $ 105,563 $ 108,200 $ 110,963 $ 113,861 $ 116,862 $ 119924 $ 123,072 $ 126,320
Net result $ 8,605 $ 9249 $ 5392 $ 5665 $ 5662 $ 4954 $ 4957 $ 5164 $ 4,775 $ 5172
Operating result
Operating revenue $ 102,782 $§ 105,291 $ 107,928 $ 110,688 $ 113,579 $ 116,582 $ 119,652 $ 122,811 $ 126,055
Operating expenses $ 91,805|$ 98520|$ 99,841] $ 99.809| $ 102766 $ 105.275 $ 107,905 $ 110661 $ 113551 $ 116544 $ 119598 $ 122.738 $ 125,978
Operating result ls 709/$ 136/$ 29[$ 24] $ 16 $ 16 $ 23. $ a7 $ 23 $ 3 S$ 53 $ 73. $ 78
Page 22 of 38Section 23
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
Page 23 of 38
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
Noosa Shire Council
2019/20 Budget Statements
For the period ending 30 June
J Annuatesut | actust | Bote | ert | ere rorecast
Budget
2019 rai at rai ra) rat rat rai raid ae) 2024 2025 2026 2027 2028 rate)
ACER et eee PA) $,000 Ai) A mT $,000 Air) $,000 $,000 $,000 PR) $,000 $,000
Assets PT
Current assets
Cash and cash equivalents $ 55,981|$ 38,144] $ 36.941|$ 43.942] $ 39524 $§ 35.454 $ 33581 $ 234.238 $ 36.584 $ 37.534 $ 41.132 $ 45,597 $ 52,347
Trade and other receivables S$ 3752|$ 9174]$ 9272|$ 9290/5 9568 $ 9826 $ 10.094 $ 10.341 $ 10653 $ 10944 $ 11.244 $ 11,516 $ 11,860
Inventories $ 198 | $ 330| s 330] $ 198 | $ 198 $ 198 § 198 § 198 § 198 $ 198 $ 198 $ 198 $ 198
Other current assets S 2455|$ 501| $ 501/$ 2466|$ 2477 $ 2489 $ 2501 $ 2513 $ 2525 $ 2537 $ 2549 $ 2561 $ 2,573
Total current assets s 67,386] $ 48148] $ 47.044/$ 55.997|$ 51.768 $ 47.967 $ 46.374 $ 47.290 $ 49.980 $ 51214 $ 55.124 $ 59.873 $ 66,979
Non-current assets
Investments $ 136,360] $ 131,762] $ 131,762 | $ 136,360] $ 136,360 $ 136,360 $ 136,360 $ 136,360 $ 136,360 $ 136,360 $ 136.360 $ 136,360 $ 136,360
Property, plant & equipment $ 885,912| $ 923,966] $ 925.784 | $ 916,382] $ 946,834 $ 973.898 $ 909.621 $1,023,383 $1,045,230 $1,068,633 $1,090,208 $1,113,561 $1,135,541
Other non-current assets S$ 50953/$ 7,581]/$ 8244/$ 7,170]/$ 6551 $ 5750 $ 4924 $ 4071 $ 3192 $ 2623 $ 2661 $ 2690 $ 2,711
Total non-current assets | $ 1.028.225 | $1,063,309 | $1,065,790 | $1,059,912 | $1,089,744 $1,116,008 $1,140,905 $1,163,814 $1,184,781 $1,207,616 $1,220,226 $1,252,611 $1,274,612
Total assets | $ 1,095,611 | $4,111,457 | $4,112,834 | $1,115,809 | $1,141,512 $1,163,975 $1,187,279 $1,211,105 $1,234,741 $1,258,830 $1,284,350 $1,312,484 $1,341,590
Current liabilities
Trade and other payables S$ 9594/$ 4964]$ 5072/$ 5078]/$ 5228 $ 5354 $ 5491 $ 5626 $ 5805 $ 6005 $ 6229 $ 6484 $ 6,679
Borrowings S$ 3621/$ 2508]/$ 2508/$ 2414]/$ 2557 $ 2710 $ 2870 $ 3044 $ 3227 $ 2686 § 340 $ 350 $ 300
Provisions S$ 4918/$ 4061]/$ 4061/$ 4630/$ 4746 $ 4964 $ 49868 $ 5111 S$ 5238 $ 5369 $ 5504 $ 5641 $ 5,782
Other current liabilities $s 2768|$ 675| $ e75|$ 2778|/$ 2788 $ 2798 $ 2809 $ 2820 $ 2831 $ 2843 $ 2855 $ 2867 $ 2,879
Total current liabilities s 20900/$ 12208]$ 12316/$ 14,899/$ 15319 $ 15726 $ 16156 $ 16601 $ 17.101 $ 16903 $ 14.927 $ 15,343 $ 15,640
Non-current liabilities
Borrowings $ 20611|$ 18,108] $ 18.108|$ 19.555]$ 16998 $ 14.288 $ 11418 $ 8374 $ 5147 $ 2480 $ 2121 $ 1,770 $ 1,470
Provisions $ 11,523] $ 10,929] $ 10.929|$ 12,054] $ 12354 $ 12661 $ 12977 $ 13,300 $ 13,631 $ 13970 $ 14.319 $ 14,675 $ 15,041
Total non-current liabilities [$32,134 $ 29,037/$ 29.037/$ 31609/$ 29351 $ 26949 $ 24304 $ 21,673 $ 18778 $ 16431 $ 16439 $ 16446 $ 16,511
Total liabilities l$ 53,034|$ 41,245|$ 41,353|$ 46508[$ 44.670 $ 42,675 $ 40,550 $ 38,274 $ 35,879 $ 33,334 $ 31,366 $ 31,788 $ 32,151
———
Net community assets | $ 1,042,576 | $1,070,213 | $1,071,481 | $1,069,301 | $1,096,842 $1,121,300 $1,146,729 $1,172,831 $1,198,863 $1,225,496 $1,252,984 $1,280,695 $1,309,439
Community equity PTT
Asset revaluation surplus $ 50809] $ 75,747] $ 75,747|$ 68,337] $ 986,630 $ 105.696 $ 125.460 $ 145.901 $ 166.978 $ 188,655 $ 210.979 $ 233,915 $ 257,486
Retained surplus $ 901,767] $ 994.466] $ 995.735 | $1,000,964 | $1.010.212 $1,015,604 $1,021,269 $1,026,930 $1,031,884 $1,036,841 $1,042,005 $1,046,780 $1,051,952
Total community equity | $ 1,042,576 | $1,070,213 | $1,071,481 | $1,069,301 | $1,096,842 $1,121,300 $1,146,729 $1,172,831 $1,198,863 $1,225,496 $1,252,984 $1,280,695 $1,309,439
Page 23 of 38Section 24
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
Page 24 of 38
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
Noosa Shire Council
2019/20 Budget Statements
For the period ending 30 June
[Anat Resutt | ett | eee | Recreate
Budg
2019 2020 rir) PIPL) 2021 2022 2023 rire! Fy) 2026 Lira 2028 Fira:
Statement of Cash Flows +R) A eR) PAU eau) A PA Ae A SAY AAU) $,000 ER
Cash flows from operating actives rr ee ee
Receipts from customers S$ 92507/$ 984812] $ 85,.933|$ 985.989) $ 88766 $ 91.328 $ 93.982 $ 96,745 $ 99507 $ 102434 $ 105.419 $ 108456 $ 111,485
Payments to suppliers and employees ($ 78,821) |($ 78.407) |(S 79,620) |(S 84,340) |($ 81,821) (S$ 83.901) ($ 86,088) (S$ 88.474) ($ 90,086) ($ 93,976) (S 97.277) ($ 101,186) ($ 104,034)
Dividend received $ 3241]/$ 3.050|/$ 3050/$ 3,050)/S 3050 $ 3,050 $ 3,050 $ 3050 $ 3,050 $ 305 $ 3050 $ 3,050 $ 3,050
Interest received S$ 4763/$ 4010)$ 4010|$ 4.010)$ 4336 $ 4264 $ 4201 $ 4,181 $ 4210 $ 4268 $ 42305 $ 4412 $ 4518
Rental income $ 1281]$ 1.202/$ 1201/$ 1200/$ 1353 $ 1300 $ 1425 $ 1481 $ 1497 $ 153% $ 1573 $ 1612 $ 1,652
Non-capital grants and contributions $ 5447/$ 5113)$ 5109/$ 4976/$ 4999 $ 5001 $ 5002 $ 5004 $ 5003 $ 5005 $ 5006 $ 5008 $ 5,007
Borrowing costs (s 133) }($ 1.183) }(S 1,183) }(S = 1.271) |(S += 1.132) (S 989) (S 836) (S 676) (S$ 502) (S 319) S 141) ($ 76) ($ 65)
Other cash flows from operating activities $ - | 11) |(S 11) |S 11) |(S 11) 12) ($ 12) (S$ 12) ($ 12) (S$ 12) (S 12) ($ 12) ($ 12)
Net cash flow from operating activities $ 13673/ $ 19,540 $ 20132 $ 20,724 $ 21,279 $ 21,767 $ 21,984 $ 21,921 $ 21,264 $ 21,600
Cash flows from investing activities
Payments for property, plant and equipment ($ 24.848) |($ 26,999) |/(S 28,817) |($ 28,809)/(S$ 28,617) (S 25.018) ($ 23,534) (S$ 21.309) ($ 19,324) (S$ 20,755) (S 18.785) ($ 19,208) (S$ 17.648)
Payments for intangible assets (S$ 1.347) |($ 1,400) |(S 2,063) /(S 2.063) |($ 450) (S$ 300) (S 300) (S$ 300) (S$ 300) (S 300) (S$ 300) ($ 300) (§ 300)
Grants, subsidies, contributions and donations $ 5140/$ 6712)$ 8088/$ 7415/$ 7513 $ 3663 $ 3936 $ 3936 $ 3236 $ 323% $ 3436 S$ 3036 $ 3,436
Other cash flows from investing activities $ - $ 10) $ 10|$ 10) $ 10 $ 10 $ 11 °$ 11 $ 11°¢$ 12 $ 12 $ 12 $ 12
Net cash flow from investing activities ($ 22,782) |($ 23,447) |($ 21,544) ($ 21,645) ($ 19,887) ($ 17,751) ($ 16,377) ($ 17,807) ($ 15,637) ($ 16,460) ($ 14,500)
Cash flows from financing activities
Proceeds from borrowings $ - $ - $ - $ - $ - $ - $ - 3 - $ - $ - $ - $ -
Repayment of borrowings (S$ 2,352)|(S 2.352) |(S 2.264)|(S 2414) (S 2.557) ($ 2,710) (S 2870) ($ 3,044) (S$ 3,227) (S 2.686) (S$ 340) (S 350)
Net cash flow from financing activities ($ 15,290) }($ 2,352) |($ 2,352) ($ 2,414) ($ 2,557) ($ 2,710) ($ 2,870) ($ 3,044) ($ 3,227) ($ 2,686) ($ 340) ($ 350)
Total cash flows
Net change in cash and cash equivalentheld [($__ 8,212) [($ 5.352) [($ _ 6,555) [($ 12,038) |($ 4,418) ($ 4,071) ($ 1873) $ 657 $ 234 $ 950 $ 3598 $ 4465 $ 6,750
Opening cash and cash equivalents a ee ee $ 43942 $ 39524 $ 35,454 $ 33,581 $ 34,238 $ 36,584 $ 37,534 $ 41,132 $ 45,597
Closing cash and cash equivalents |$ 55,981|$ 38,144|$ 36941] $ 43942] $ 39,524 $ 35,454 $ 33,581 $ 34238 $ 36,584 $ 37,534 $ 41,132 $ 45,597 $ 52,347
Note: The 2019/2020 opening cash balance refiects a $10 million early repayment of loan borrowings made at Council meeting
dated 16 May 2019, and subsequent to adoption of the current budget on 18 April 2019.
Page 24 of 38Section 25
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
Page 25 of 38
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
Noosa Shire Council
2019/20 Budget Statements
For the period ending 30 June
Anal Rest peut ecg Rees
Original
2019 Tvs Tyr PIT PT Ivy) PTY) PI?) PIT PIT yy] PIT 2029
Cu eee ee +H aH) UY HUY PAUL BSL $,000 SY HY PRU PAU $,000 SAH)
Asset revaluation reserve po
Opening balance $ 41,739]$ 58,039/$ 58,039/$ 50,809/$ 68,337 $ 86,630 $ 105,696 $ 125460 $ 145,901 $ 166,978 $ 188,655 $ 210.979 $ 233,915
Change in asset revaluation surplus $ _9070|$ 17,708|$ 17,708|$ 17,528|$ 18,292 $ 19,066 $ 19,765 $ 20440 $ 21,078 $ 21,677 $ 22,324 $ 22936 $ 23,571
Closing balance $ 50809/$ 75,747/$ 75,747|$ 68,337/$ 86,630 $ 105,696 $ 125,460 $ 145,901 $ 166,978 $ 188,655 $ 210.979 $ 233,915 $ 257,486
Retained surplus
Opening balance $ 974,284] $ 985,861] $ 985,861) $ 991,767] $1,000,964 $1,010,212 $1,015,604 $1,021,269 $1,026,930 $1,031,884 $1,036,841 $1,042,005 $1,046,780
Net result S$ 17483|$ 8425/$ 9874/$ 9197|$ 9.249 S$ 5392 $ 5665 $ 5662 $ 4954 $ 4957 S$ 5,164 $ 4775 $ 5,172
Closing balance $ 991,767] $ 994.286] $ 995,735 | $ 1,000,964 | $1,010,212 $1,015,604 $1,021,269 $1,026,930 $1,031,884 $1,036,841 $1,042,005 $1,046,780 $1,051,952
Total
Opening balance $ 1,016,023 | $ 1,043,900 | $ 1,043,900 | $ 1,042,576 | $ 1,069,301 $1,096,842 $1,121,300 $1,146,729 $1,172,831 $1,198,863 $1,225,496 $1,252,984 $ 1,280,695
Net result $ 17483/$ 8425/$ 9874/$ 9197/$ 9249 $ 5392 $ 5665 $ 5662 $ 4954 $ 4957 $ 5164 $ 4775 $ 5,172
Change in asset revaluation surplus $ _9,070|$ 17,708|$ 17,708|$ 17,528|$ 18,292 $ 19,066 $ 19,765 $ 20440 $ 21,078 $ 21,677 $ 22,324 $ 22936 $ 23,571
Closing balance $ 1,042,576 | $ 1,070,032 | $ 1,071,481 | $ 1,069,301 | $1,096,842 $1,121,300 $1,146,729 $1,172,831 $1,198,863 $1,225,496 $1,252,984 $1,280,695 $ 1,309,439
Page 25 of 38Section 26
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
Page 26 of 38
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
Noosa Shire Council
2019/20 Budget Statements
For the period ending 30 June
Budget Target
Pale he) rairal) raiPal) Pair al 2021 Pair es Pair 2024 2025 2026 2027 2028 ral Fe.)
Operating Surplus Ratio 11.6% 0.1% 0.0% 0.0% 0-10% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.1% 0.1%
Net Financial Liabilities Ratio -13.8% 6.8% -5.7% 9.4% <60% 6.9% -5.0% -5.4% -8.1% -12.4% -15.3% -19.9% -22.9% -27.6%
Asset Sustainability Ratio 132.3% 119.6% 129.4% 108.4% >90% 115.4% 100.2% 103.6% 98.9% 90.3% 89.2% 82.7% 83.9% 79.7%
Operating Surplus Ratio
Measures the extent to which revenues raised cover operational expenses
only or are available for capital funding purposes or other purposes.
Calculation: Net operating result divided by total operating revenue, expressed as a % (excluding capital revenue or expenses).
Target: between 0% and 10%.
Net Financial Liabilities Ratio
Measures the extent to which the net financial liabilities of Council can
be repaid from operating revenues.
Calculation: (total liabilities less current assets) divided by
total operating revenue, expressed as a %.
Target: not greater than 60%.
Asset Sustainability Ratio
This ratio reflects the extent to which the assets managed by Council
are being replaced as they reach the end of their useful lives.
Calculation: capital expenditure on the replacement of infrastructure assets
(renewals) divided by depreciation expense, expressed as a %.
This includes infrastructure as well as plant and equipment.
Intangibles are excluded.
Target: greater than 90%.
Page 26 of 38Section 27
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
10 FINANCIAL PERFORMANCE REPORT - OCTOBER 2019
Author Manager Financial Services, Trent Grauf
Corporate Services Department
Index ECM/ Subject/ 22.09 – Monthly Financial Performance Report
Attachments 1. Statement of Income and Expenditure (Profit & Loss and Capital)
2. Statement of Financial Position
3. Statement of Cash Flows
EXECUTIVE SUMMARY
Year to date (YTD) operating performance against current budget as at 31 October 2019 aligns
with YTD budget. Budget review 2 (BR2), which is detailed in a separate report included in the
November 2019 General Committee Agenda, includes a number of proposed budget adjustments
which will be incorporated into next month’s financial performance report.
YTD Financial Performance Summary
Budget Actual Variance Variance Status
$m $m $m %
Operating Revenue $44.4 $44.7 $0.2 0.6% On Track
Operating Expense $32.4 $31.2 $1.3 3.9% On Track
Operating Position $12.0 $13.5 $1.5 12.6%
Capital Revenue $1.8 $2.1 $0.3 17.7% On Track
Capital Expenditure* $8.2 $7.0 $1.2 14.5% Below Budget
* Reflects constructed assets and intangibles only (excludes contributed)
Financial statements including Statement of Income & Expenditure, Statement of Financial
Position (balance sheet), and Statement of Cash Flows are included as attachments for information
for Council.
Figure 1: Actual Performance Compared to Budget
$50
$44.4 $44.7 YTD Budget ($m)
$45
YTD Actual ($m)
$40
$35 $32.4
$31.2
$30
$25
$20
$15
$10
$5
$-
Operating Revenue Operating Expenditure
Page 27 of 38
Section 28
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
YTD performance against Council’s key measures of financial sustainability have been calculated
as at October 2019. These indicators enable the reader to assess Council’s success in managing
its budget, cash and debt as well as undertaking sustainable asset management. The table below
contains a snapshot of a number of key measures, with full detail included in the report.
YTD Measures of Financial Sustainability
Target Target Current Actual Status
Value Date Budget YTD
Operating Surplus Ratio 0-10% 30 June 2020 0.0% 30.2% On Track
Net Financial Liabilities Ratio <60% Ongoing -5.7% -29.2% Above Target
Cash Cover Ratio 3 months Ongoing 5.5 months 10.0 months Above Target
Asset Sustainability Ratio > 90% 30 June 2020 129% 26.8% On Track
RECOMMENDATION
That Council note the report by the Manager Financial Services to the General Committee Meeting
dated 18 November 2019 outlining October 2019 year to date financial performance against
budget, including key financial sustainability indicators.
REPORT
Operating Revenue (YTD Benchmark 33%)
Council has received 45% ($44.7 million) of its operating revenue budget ($99.9 million).
Commentary on each revenue category is provided below.
Category Summary Comments
Rates and Levies $34.6 million (50%) of the General rates $43k above YTD budget (50% or
annual budget of $68.7 $25.6 million of $51.0 million budget earned)
million has been earned Waste utility charges $125k above YTD budget
(51% or $6.5 million of $12.8 million budget
earned)
Fees and $2.9 million (44%) of the $6.7 Development related fees $52k above YTD
Charges million annual budget has budget (36% or $583k of $1.6 million budget
been earned earned)
Plumbing application fees $65k above YTD
budget (43% or $420k of $971k budget earned)
Community land use permits $31k above YTD
budget (47% or $193k of $410k budget earned)
Local laws fees $23k above YTD budget (58%
or $813k of $1.4 million budget earned)
Sale of Goods $3.0 million (30%) of the Noosa Leisure Centre $39k above YTD budget
and Services $10.1 million budget has (40% or $229k of $575k budget earned).
been received Noosa River Holiday Park site fees $33k above
YTD budget (29% or $898k of $$3.1 million
budget earned).
Noosa Aquatic Centre admission and other
revenue $64k below YTD budget (20% or $305k
of $1.5 million budget earned) – reflecting the
actual closure period being 2 weeks longer than
budgeted.
Page 28 of 38
Section 29
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
Category Summary Comments
Waste disposal fees $78k below YTD budget
(31% or $1.3 million of $1.5 million budget
earned).
Interest $694k (49%) of the $1.4 Interest on overdue rates and charges $58k
Received million annual budget has above YTD budget (45% or $178k of $400k
been earned budget earned).
Investment revenue $19k above YTD budget
(51% or $516k of $1.0 million budget earned).
Further downward movements in interest rates
will impact on Council’s interest revenue on
cash invested, and will be monitored for any
overall interest revenue budget implications.
Other Revenue $430k (49%) of the $880k Water Bottle filling station contribution from
budget has been earned MOU with Unitywater $25k (not budgeted).
Operating $1.5 million (30%) of the $5.1 Reduction in annual grant funding for Noosa
Grants, million budget has been Community Support ($400k) will be offset by
Subsidies received reduction in operating costs – to be addressed
at budget review 2 (BR2).
50% or $1.1 million of the financial assistance
grant was again prepaid in June 2019 and may
impact on Council’s 2019/20 final operating
position if the prepayment approach is
discontinued by the Australian government.
All other operating grants are in line with budget
forecasts at this stage.
Unitywater On track Unitywater distributions are fixed each year so
Distributions little budget variance risk.
Figure 2: Operating Revenue Position by Type (Excluding Rates)
$3.5
$3.1 $3.0
$2.9
$3.0 $2.8
YTD Budget ($m)
$2.5 YTD Actual ($m)
$2.0
$1.7
$1.5
$1.5
$1.1 $1.1
$1.0 $0.7
$0.6
$0.5 $0.4 $0.4 $0.4
$0.5
$0.0
Income
Other
Charges
Goods &
Grants
Unitywater
Services
Sales of
Rental
Interest
Fees &
Share of
Operating Expenditure (YTD Benchmark 33%)
Actual operating expenditure is currently 31% ($31.2 million) of full year budget ($99.8 million).
Detailed commentary for each expenditure category is provided below.
Page 29 of 38
Section 30
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
Category Summary Comments
Employee Costs $9.8 million (29%) of the Under expenditure for permanent staff salaries
annual budget of $33.9 and wages ($1.2 million) partially offset by
million has been expended additional spend on casual staff and external
labour hire ($379k).
Employee overtime $93k above YTD budget
(54% or $245k of $456k budget spent).
Staff training $5k under budget (17% or $58k of
$337k budget spent)
Materials and $14.5 million (32%) of the Waste Management materials and services
Services $45.5 million annual budget $134k below YTD budget (32% or $3.4 million
has been expended. of $10.6 million budget spent.
Fleet fuel, tyre and maintenance costs $138k
below YTD budget (27% or $436k of $1.6 million
budget spent).
Parks & Gardens operations and maintenance
programs $118k below YTD budget (25% or
$1.1 million of $4.3 million budget spent).
Art Gallery $71k below YTD budget (31% or
$161k of $520k budget spent) – timing of
exhibitions and programs.
Public amenity materials and services $65k
below YTD budget (21% or $105k of $495k
budget spent).
Council insurance premiums $33k above full
year budget of $438k.
Development assessment legal appeals costs
$146k above YTD budget (46% or $480k of $1.1
million budget spent).
Finance Costs On track Nil
Depreciation On track Nil
Other Expenses On track Nil
Figure 3: Operating Expenditure Position by Type
$18.0
$15.4
$16.0 $14.5
YTD Budget ($m)
$14.0
YTD Actual ($m)
$12.0 $10.3 $9.8
$10.0
$8.0 $6.2 $6.2
$6.0
$4.0
$2.0 $0.5 $0.5 $0.1 $0.0
$0.0
Finance Costs
Materials
Depreciation
Employees
Other
Page 30 of 38
Section 31
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
Capital Revenue
YTD capital revenue of $2.1 million received comprises cash contributions from developers ($685k)
and capital grants ($1.4 million). Note that the timing of capital grant receipts are generally
dependent on the timing of grant conditions and also capital delivery performance, and that the
timing of the receipt of developer contributions (both cash and contributed) is unpredictable.
Figure 4: Capital Revenue by Type
$1.6
$1.4
$1.4 $1.3
YTD Budget ($m)
$1.2 YTD Actual ($m)
$1.0
$0.8 $0.7
$0.6 $0.5
$0.4
$0.2 $0.0
$0.0
$0.0
Contributions
Subsidies
Contributed
Grants /
Assets
Cash
Capital Program
Actual capital expenditure (excluding contractual commitments) is $7.0 million (YTD budget $8.2
million). Detailed discussion of progress in the delivery of the capital works program is provided
through a separate report by the Asset Planning Manager.
Figure 5: Capital Program Delivery Performance
$8.0 $7.4
$7.0 $6.4
YTD Budget ($m)
$6.0 YTD Actual ($m)
$5.0
$4.0
$3.0
$2.0
$0.8
$1.0 $0.6
$0.0
Capital works Other capital
Page 31 of 38
Section 32
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
Cash Management and Investment Performance
Total cash on hand at the end of October was $65 million, including funds held in trust and for
restricted purposes (e.g. unexpended levy and grant funds), the prepaid financial assistance grant
and unspent monies committed for funding capital projects which are underway and will continue
during the financial year.
The following pie charts present the mix of cash held at October 2019 by agency (graph on the
left) and by credit risk rating (graph on the right). All funds have been invested in accordance with
the Investment Policy and in consideration of the principles of ethical investment, preservation of
capital, return on investment and counterparty thresholds.
Figure 6: Closing Cash Held by Agency and Credit Rating
A3
NAB Bendigo (Bendigo
6% 3%
A1 + )
CBA 3%
9% (CBA + NAB
+ Wpac)…
A1 +
(QTC)
QTC 82%
82%
The following chart monitors the 12 month trend on total cash and the agencies invested. During
October, term deposits with both Suncorp and Bendigo Banks matured. In line with Council’s
Investment of Surplus Funds Policy, $2 million was reinvested in term deposits with Bendigo
Bank.
Figure 7: 12 Month Trend of Cash Invested by Agency
90,000,000
80,000,000
70,000,000
60,000,000
50,000,000
40,000,000
30,000,000
20,000,000
10,000,000
-
Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19
Bendigo TD Westpac TD NAB TD Suncorp TD CBA TD QTC CBA Operating
Page 32 of 38
Section 33
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
Measures of Financial Sustainability
The following table incorporates a set of financial sustainability indicators to further assist in
managing Council financial performance. There are no current material emerging risks regarding
performance for the first quarter of the financial year.
Category Comments
Operating Surplus Ratio Intent: Identifies the extent to
which revenues cover operational
expenses, to ensure community
equity is not degraded
Target: 0 – 10%
Target Date: 30 June
Result: 30.2%
Comment: The high ratio reflects
the levying of rates in July and the
gradual degradation as
expenditure occurs between
August and December 2019
Cash Expense Cover Intent: Indicates how long council
can continue paying its day-to-day
expenses from cash at bank
without needing additional cash
flows from other sources
Target: > 3 months
Target Date: Ongoing
Result: 10.0 months
Comment: Council is forecast to
remain above target for the
financial year and remain fiscally
flexible to accommodate
unforeseen events. Peaks will
occur following rating periods
Asset Sustainability Ratio Intent: Measures the extent to
which assets are being replaced
as their condition degrades to
ensure service potential is
maintained
Target: 90% of depreciation
budget spent on renewals annually
Target Date: 30 June
Result: Slightly under budget
Comment: It is expected that the
ratio will progressively increase
each month per previous years as
expenditure on renewals occurs.
Page 33 of 38
Section 34
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
Category Comments
Net Financial Liabilities Ratio Intent: Outlines the level that net
Council debt can be serviced by
operating revenues. A ratio below
zero implies that liabilities are less
than cash (and other current
assets) and there is adequate
borrowing capacity available if
needed.
Target: less than 60%
Target Date: Ongoing
Result: - 29.2%
Comment: Council has low debt
levels and strong cash holdings.
The cash received from the July
rates issue also inflates the YTD
actual outcome
Investment Return Intent: Ensure appropriate return
on investment yield for cash at
bank.
Target: 0.25% above current
Bloomberg commonwealth 10 year
bond rate yield (September =
1.0%)
Target Date: Ongoing
Result: 1.81%
Comment: Regardless of the
steady decline in long term bond
rates (due to international market
factors), Council’s investment
return still remains above target
Rates in Arrears Intent: Ensuring that the amount
of unpaid rates remains
sustainable and does not
negatively impact cash flows
Target: 5% industry benchmark
Target Date: Ongoing
Result: 7.0%
Comment: Stabilising as per
previous years trends as rate
reminders are issued and arrears
are collected. Debt collection
processes also underway on a
number of properties.
Previous Council Consideration
Nil.
Finance
As above.
Page 34 of 38
Section 35
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
Risks & Opportunities
Council’s risk register includes a number of risks that could impact on ongoing financial
sustainability. Effective budget management and reporting is an important risk mitigation tool.
Consultation
External Consultation - Community & Stakeholder
Nil.
Internal Consultation
All areas of Council are consulted as part of the regular monitoring of budget performance.
Departments/Sections Consulted:
X Chief Executive Officer X Community Services X Corporate Services
Executive Officer Director X Director
Executive Support Community Development X Financial Services
Community Facilities ICT
Libraries & Galleries Procurement & Fleet
Local Laws Property
Waste & Environmental Health Revenue Services
X Executive Services X Environment & Sustainable Development X Infrastructure Services
Director Director Director
Community Engagement Building & Plumbing Services Asset Management
Customer Service Development Assessment Buildings and Facilities
Governance Economic Development Civil Operations
People and Culture Environmental Services Disaster Management
Strategic Land Use Planning Infrastructure Planning,
Design and Delivery
Page 35 of 38
Section 36
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
Page 36 of 38
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
Attachment 1
Profit and Loss Statement
Revenue
Recurrent Revenue
Rates, levies and charges 68,702 34,381 ¥4556 175 50%
Fees and charges 6,652 2.753 2,948 196 44%
interest received 1410 617 6o4 78 40%
Sale of Goods and major services 10,127 3,064 3,014 (49) We
Sale of contract and recoverable works 23 - 0 oO 1%
Rental & lease income 1,296 463 415 (47) 32%
Other income 880 400 40 30 40%
Grants, subsidies, contributions and donations 5,130 1,674 1,538 (136) WwW
Unitywater Distributions 5,650 1,075 1,075 - 19%
93,870 44,425 44,670 245 45%
Expenses
Recurrent Expenses
Employee benefits 33,867 10,263 9,826 (437) 20%
Materials and services 45,544 15,352 14,514 (838) 32%
Finance costs 1,528 509 541 32 35%
Depreciation and amortisation 18,713 6238 6,238 oO 33%
Other expenses 188 74 46 (28) 24%
99.841 32,436 34165 (1.271) H%
OperatingResult 9 990 SOS SIS
Summary of Capital Revenue and Expenditure
Capital Funding
Capital cash contributions and infrastructure charges 213% 457 685 228 32%
Contributed assets 2,000 37 47 10 2%
Capital grants and subsidies 5,954 1,285 1,362 7 23%
Cash / revenue 26,672 8413 7,281 (1,122) 27%
New loan borrowings - - - - o%
Other capital revenue - - - - 0%
TotalCapitalRevenue 86 THD SZ 88S BOT}
Capital Expenditure
Contributed assets 2,000 37 47 10 2%
Capital works - constructed assets 25,236 TAM 6.445 (890) 26%
Capital works - other capital 5,644 780 582 (198) 10%
Loan repayments 3,880 1,940 2,068 129 53%
3s Capel Em catia - - 241 241 0%
Page 36 of 38Section 37
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
Page 37 of 38
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
Attachment 2
Current Assets
Cash and cash equivalents 38,144 65,130 55,981
Trade and other receivables o.174 7,979 6,666
Inventories 330 207 198
Other current assets 501 3,638 4,541
48.148 76,954 67,386
Non Current Assets held for sale - - -
Total Current Assets 48.148 76,954 67,386
Non Current Assets
Trade and other receivables 49.218 49,718 49,718
Other non current Assets - - 7
Investments 78,377 60,978 60,978
Investment property 4.167 3,300 3,300
Property, plant and equipment 923,966 886,250 885,912
Intangible assets 7.581 6,166 5,953
Total Non Current Assets 1,063,309 1,006,412 1,005,861
TotalAssets AT 1,083,365 8,073,287
Current Liabilities
Trade and other payables 4.964 8,379 9,504
Borrowings 2.508 1.475 3,112
Provisions 4.061 2,922 4.918
Other 675 2,377 2,768
Total Current Liabilities 12,209 15,153 20,392
Non Current Liabilities
Trade and other payables - - -
Borrowings 18,108 21,120 21,120
Provisions 10.929 11,523 11,523
Total Non Current Liabilities 29,036 32,643 32,643
Total Liabilities 2A TTT 53,0357
NetCommunity Assets 070,212 1,035,569 1,020,212,
Community Equity
Asset Revaluation Surplus 75,746 50,809 50,809
Retained Surplus / (Defeciency) - - -
Shire Capital 904 466 969,402 951,918
Current Year Net Earnings - 15,358 17,485
TotalCommunityEquity = 4,070,242 1,035,569 1.020.242
Page 37 of 38Section 38
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
Page 38 of 38
GENERAL COMMITTEE MEETING AGENDA 18 NOVEMBER 2019
Attachment 3
Cash flows from operating activities
Receipts from Customers 84,812 41,981 92,597
Payments to Suppliers and Employees (78.407) (29,623) (78.821)
6,405 12,358 13.776
Receipts:
Investment and Interest Revenue Received 4,010 1,282 4.763
Rental Income 1,282 415 1,281
Non Capital Grants and Contributions 5,113 1,538 5447
Income Tax Equivalent Received 1,200 477 1754
Income from Equity Investments 1,850 - 1487
Payments:
Borrowing Costs - - -
Interest Expense (1,194) (50) (133)
‘Net Cash Inflow/(Outflow) from Operating Activities = 18.676 16.080 27ST
Cash Flows from Investing Activities
Proceeds of Sale of Property, Plant and Equipment 10 38 383
Grants, Subsidies, Contributions and Donations 6,712 2,047 5.140
Payments:
Payments of Property, Plant and Equipment (26,999) (6,526) (24.848)
Payments for Intangible Assets (1,400) (496) (1,347)
Net Movement in Loans and Advances - 125 (625)
‘Net Cash Inflowi{Outflow) from Investing Activities = (24.677) (4812) 29.297)
Cash Flows from Financing Activities
Proceeds from Borrowings - - -
Payments:
Repayment of Borrowings (2,352) (2,068) (15,290)
‘Net Cash Inflow/{Outflow) from Financing Activities = (2.352) (2.069) (15.290),
‘Net Increase/(Decrease) in Cash and Cash Equivalentsheld = (5.352) 9.149 8.212)
Cash and Cash Equivalents at the beginning of the reporting period 43,406 55,981 64,193
Page 38 of 38