2026/27 FINANCIAL POLICIES · Report

SPECIAL MEETING                                                                         23 JUNE 2026


relating to Council business units that provide a return on investment or for infrastructure projects
that will provide intergenerational benefits. Council is proposing to borrow $10.8m in the 2026/27
financial year to fund waste management capital infrastructure works.

Over the 10-year forecast period, Council plans to borrow $40.0m.

The Debt Policy has been reviewed and updated to reflect proposed borrowings in the financial years
from 2026/27 to 2035/36.

D. Revenue Policy
In accordance with section 193(1)(a) of the Regulation, the Revenue Policy (Attachment 4) for a
financial year must state the principles that Council intends to apply in that year for the levying of
rates and charges, the granting of concessions for rates and charges, the recovery of overdue rates
and charges, cost recovery methods and if Council intends to grant concessions for rates and
charges, the purpose for the concessions and the extent to the which physical and social
infrastructure costs for a new development are to be funded by charges for the development.

In accordance with Section 193(2) of the Regulation, Council's Revenue Policy may also state the
guidelines used for the preparation of Council's Revenue Statement and in accordance with Section
193(3) of the Regulation, Council must review its revenue policy annually and in sufficient time to
ensure that its annual budget is consistent with the revenue policy to be adopted for the financial
year.

The Revenue Policy has been reviewed and remains current.

E. Procurement Policy
In accordance with Section 198(1) of the Regulation, Council must prepare and adopt a policy about
procurement. The Procurement Policy (Attachment 5) must include under Section 198(2) of the
Regulation details of the principles, including sound contracting principles, that Council will apply in
the financial year for the purchase of goods and services and under Section 198(3) of the Regulation
Council must review its procurement policy annually.

The Procurement Policy ensures the application of sound contracting principles in Council's
procurement activities, including for the provision of goods, equipment and servicing, construction
and services contractors as well as for the disposal of assets.

There have been some minor amendments to with wording of the procurement policy and an
additional section for ‘procurement approvals’ for situations where an engagement might be over our
policy thresholds but still within legislative thresholds has been added.

Noting recent changes to the Regulation in relation procurement threshold changes, a procurement
review is scheduled for Quarter 1 of the 2026/27 financial year. The recommendations of this review
will be reported to Council via the Executive Team.

F. General Rates and Charges Concession Policy
The General Rate and Charges Concession Policy outlines the eligibility criteria required to be met
for community organisations to receive a concession from Council equivalent to the general rates
payable on a property.

The General Rates and Charges Concession Policy remains current with only the name of the policy
being changed.

G. General Rates and Charges Financial Hardship Policy
Under the Local Government Act 2009, ratepayers are required to pay Council interest on overdue
rates and charges.