2014-01-13 Item 6.3 Appendices 1-5

ORDINARY MEETING AGENDA                                                        2 JANUARY 2014


6.10 2013/2014 OPERATIONAL PLAN AND BUDGET

DOCUMENT INFORMATION
File No          Financial Services - Budget

Author           Interim Director Organisational Services



SUMMARY/PURPOSE
The purpose of this report is to present for Council’s consideration the Operational Plan and
Budget for the 6-month period 1 January 2014 to 30 June 2014.

BACKGROUND INFORMATION
The documents for consideration to ensure legislative compliance include:

•      Operational Plan;
•      Revenue Policy;
•      Revenue Statement;
•      Register of Cost Recovery Fees and Commercial Charges
•      Investment Policy;
•      Debt Policy; and
•      Budget, including:
       o     Financial Statements; and
       o     Capital Works Program

PREVIOUS COUNCIL CONSIDERATION
Nil.

REPORT
The Local Government Act 2009 and Local Government Regulation 2012 require Council to
adopt an annual Operational Plan and Budget, which form a component of the necessary
documents to ensure Council accountability and financial planning requirements are fulfilled.

Due to the de-amalgamations and specific timing challenges relating to the creation of the new
Councils, amendments have been enacted to the Local Government Regulation 2012 that waive
the requirement for new Councils to comply with a number of these reporting requirements. A
further key amendment relates to the need for new Councils to adopt a budget and decide on
rates and charges levels before 1 February 2014.

As such, the Operational Plan and Budget reflects the 6 month period from 1 January to 30 June
2014. Financial forecasts for future years will be developed in conjunction with the establishment
of a new Corporate Plan, the review and establishment of Asset Management Plans, and the
development of the 2014/15 budget on a ‘zero’ base approach.




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