2014-06-18 Special Meeting Budget

                                                                            Council Policy
                                                                  REVENUE POLICY

    Corporate Plan Reference:                 -

    Endorsed by Council:

    Policy Author:                            Director Corporate Services



POLICY BACKGROUND

Council is required to prepare and adopt a Revenue Policy in accordance with Section 193 of the
Local Government Regulation 2012. The purpose of this Revenue Policy is to set out the
principles used by Council for:

     the levying of rates and charges; and
     granting concessions for rates and charges; and
     the recovery of overdue rates and charges; and
     cost-recovery methods.

The Revenue Policy applies to all areas identified in Section 193 of the Local Government
Regulation 2012, and will be used to guide Council in the development of the Revenue Statement
for the 2014/15 financial year.


COUNCIL POLICY

The Revenue Policy must be reviewed annually and in sufficient time to allow an annual budget
that is consistent with the Revenue Policy to be adopted for the next financial year. Accordingly,
the principles contained within the Revenue Policy are applied in the determination of the rates,
fees and charges as detailed in the Revenue Statement.

Council levies rates and charges to fund the provision of valuable services to our community.
When adopting its annual budget Council will set rates and charges at a level that will provide for
both current and future community requirements. Council will apply the principle of transparency in
making rates and charges.

General Rates

General Rate revenue provides essential whole of community services not funded through
subsidies, grants, contributions or donations received from other entities, or not provided for by
other levies or charges. Council will consider all full cost recovery options before calculating the
general rate.

Council is required to raise an amount of revenue it sees as being appropriate to maintain and
replace assets and provide services to the region as a whole. In deciding how that revenue is
raised, Council has formed the opinion that a differential general rating scheme based primarily on
land use, provides the most equitable basis for the distribution of the general rate burden.



                                                                                           Page 6