2014-01-13 Item 6.3 Appendices 1-5

5.1.5 Caloundra South Urban Development Area

The Caloundra South Urban Development area exists within the Remaining Council’s regional
and as such the Remaining Council may be potentially liable for any debt the ULDA attributes
to this development. QTC has not included this potential liability in its forecasts, assuming
instead that the State will mediate a satisfactory outcome between the ULDA and the
Remaining Council.


5.2       Financial analysis
QTC derived a set of financial forecasts for the Remaining Council after considering the
financial information provided by the Existing Council and the Proponent Council.

In order to derive its own Base Case set of 5 year financial forecasts for the Remaining
Council, QTC made adjustments to the assumptions where they were not considered complete
and/or reasonable.

5.2.1 Key Assumptions

Table 18 outlines key assumptions applied to the financial forecasts used by QTC to determine
the financial viability of the Remaining Council.

TABLE 18 – KEY ASSUMPTIONS

Ratio                         FY2013    FY2014    FY2015      FY2016   FY2017
Number of rateable
                              123,814   125,548   127,306   129,088    130,895
properties

Growth in rateable
                                  n/a     1.4%      1.4%       1.4%      1.4%
properties

Growth in net rates and
                                  n/a     6.6%      8.2%       7.0%      6.9%
utilities revenue

Net rates & utility charges
                                1,651     1,735     1,851      1,953     2,059
per rateable property ($)


Staff numbers (FTEs)            1,532     1,540     1,547      1,555     1,563




Key points to note from Table 18 include:
 Growth in net rates and utility revenue reflects the same growth as the forecast of the
  Existing Council.
 Staff numbers are forecast to grow in-line with the increase in rateable properties and do
  include some efficiency gains.




De-amalgamation Analysis of Sunshine Coast Regional Council                                 Page 29