JUNEE SHIRE COUNCIL Draft...Long Term Financial Plan 2017/27 Supporting the Council’s Adopted...

JUNEE SHIRE COUNCIL

Long Term Financial Plan 2017/27

Supporting the Council’s Adopted Combined Delivery Program

Operational Plan 2017/2021 and a component of Junee Shire Council's Resourcing Strategy

11 May 2017

1

Page 1

Draft

INTRODUCTION

Junee Shire Council has prepared a number of Long Term Financial Plans (LTFP) as part of its development and implementation of the requirements of the Integrated Planning and Reporting framework.

This Long Term Financial Plan updates the plan adopted on 28 June 2016 and covers the financial period 2017-2027. It was prepared during the period February to May 2017.

The Planning & Reporting Manual for Local Government, 2010 (refer page 60) produced by the Division of Local Government provides a good introduction to the role and purpose of long term financial planning:

The Long Term Financial Plan is an important part of Council’s strategic planning process. This

is the point where long-term community aspirations and goals are tested against financial

realities. It is also where Council and the community may decide what resources councils need

to influence and work with other parties so that they might deliver on responsibilities.

The Community Strategic Planning process will provide Council with valuable information about

the future. From the exercise, both Council and the community will have a better

understanding of:

▪ Expected pressures that will affect the community socially, environmentally and

economically and the drivers behind this change

▪ Expected economic growth rates

▪ The community’s aspirations and priorities for improving its economic, environmental and

social outcomes

▪ The community’s priorities in terms of expected levels of service and community projects.

The Long Term Financial Plan will seek to answer the questions:

▪ Can we survive the pressures of the future?

▪ What are the opportunities for future income and economic growth?

▪ Can we afford what the community wants?

▪ How can we go about achieving these outcomes?

The Long Term Financial Plan (LTFP) is a decision-making and problem-solving tool. It is not

intended that the LTFP is set in concrete – it is a guide for future action. The modelling that

occurs as part of the plan will help councils to weather unexpected events. It will also provide

Page 2

Draft

an opportunity for Council to identify financial issues at an earlier stage and gauge the effect

of these issues in the longer term.

The longer the planning horizon, the more general the plan will be in the later years. For

example, it is not expected that the 10th year of a 10 year plan will include specific detail.

DEVELOPMENT OF THIS LTFP

There are three main reasons for updating the LTFP in 2017:

1. Junee Correctional Centre Expansion2. Residential Property Development3. Laurie Daley Oval Upgrade

Each of these items have emerged in the last six months as priorities for the State Government or the local community, thus requiring a review of the LTFP.

Junee Correctional Centre Expansion

In September 2016, NSW Correctional Services informed Council of substantial expansion plans to the Junee Correctional Facility to commence in April 2017. The project has an approximate capital cost of $130M and will provide for an additional 500 inmates and 120 more staff.

The Correctional Centre discharges its sewage to the Junee Sewage Plant (STP). The current STP is nearing operational volumetric capacity and with the Correctional Centre upgrade, the existing STP will need to be renewed earlier than planned.

Council had planned to consider renewing the STP in 2021; the Correction Centre expansion has necessitated bringing the renewal plan forward to 2017/18.

To provide some context, an additional 500 to 600 people will be introduced to Junee in one fell swoop which is equivalent to 20 years of normal organic growth of the Junee township in one year.

Therefore, as Council brings forward its plan for STP renewal it needs to account for the unexpected growth from the Correctional Centre’s expansion, this has increased the size, scale and price of constructing the new STP.

Page 3

Draft

The STP renewal estimate is $8.8M and is proposed to be funded by:

• $1.0m Council’s sewer reserve• $4.3m Loan• $3.5m External funding source. (grant funding)• $8.8Mm Total project cost ( Note approx. $600k funded in 2016/17)

The Council is absolutely reliant on grant funding of $3.5M to complete this project and has sought State and Federal government assistance for this.

Without an external funding source of $3.5m the organisation would need to borrow more, up to S7.8M. This would tip the organisation’s cash position into negative territory in the outer years of the LTFP. In principal, Junee Shire Council is committed to playing its part in the broader system of government to achieve Regional and State outcomes, however, the Council cannot commit to an unsustainable financial position. At the same time the NSW government has required councils to prove they can maintain financial sustainability over the long term, this is an external obligation we must meet. .

Residential Property Development

Council’s residential property sales have been successful over the past three years, this combined with an extra 120 jobs resulting from the Correctional Centre expansion will only increase the demand for residential land.

The development of John Potts Drive Estate Stage 7 has been brought forward from 2020 to 2018/19 FY.

The property development is be funded by a loan of $600k. As lots are sold the principal of the loan is paid down. While there are modest profits from the sale of Council land the overarching strategy has been to ensure residential land is available to facilitate population growth for Junee. The strategy has been highly successful over the past 15 to 20 years and has retained the community favour in the most recent engagement sessions.

Bringing forward the property development has a modest operational impact in the form of interest payments to service the loan of $22K/ year across the next three years. While not a substantial figure in its own right the need to consider the overall financial impacts on other capital works such as the STP brings into sharp focus the impacts on the estimated operating cash position across the 10 year LTFP.

Junee Regional Sporting & Recreation Hub

Last year the Community and Council agreed to plan for the upgrade of the Laurie Daley Oval amenities building and to seek grant funding for this project. Significant effort and commitments have already been applied, including Sporting Bodies committing $30k as well as a successful grant of $70k, while the Council has pledged a further $165k to a grant

Page 4

Draft

application to the State Government which is currently being assessed with an announcement pending in July 2017.

This is a substantial project, and once again highlights a change to the LTFP should the latest grant application be successful

BACKGROUND PREVIOUS LTFPS

A major update to the LTFP occurred in January 2014 forming part of the Council’s supporting documentation to its Section 508A Special Rates Variation Application to the Independent Pricing and Regulatory Tribunal (IPART) shortly thereafter.

The previous version of the LTFP contained three scenarios, DECLINE, MAINTAIN and IMPROVE. The MAINTAIN Scenario was determined to be the preferred way forward. The Council’s SRV application was successful on this basis as it provided financial sustainability by gradually increasing the rate base rather than reducing services. These scenarios are available in previous versions of the LTFP.

In preparing Council's previous Combined Delivery Program Operational Plan 2016/20 and in updating this Long Term Financial Plan the Council was mindful of the financial performance targets determined by the Office of Local Government in its’ Fit for the Future (FFTF) submission guidelines.

These targets are:

SUSTAINABILITY Operating Performance Ratio (greater or equal to break-even average over 3 years)

Own Source Revenue Ratio (greater than 60% average over 3 years)

Building and Infrastructure Asset Renewal Ratio (greater than 100% average over 3 years)

EFFECTIVE INFRASTRUCTURE

Infrastructure Backlog Ratio (less than 2%)

AND SERVICE MANAGEMENT

Asset Maintenance Ratio (greater than 100% average over 3 years)

Debt Service Ratio (greater than 0 and less than or equal to 20% average over 3 years)

EFFICIENCY A decrease in Real Operating Expenditure per capita over time

Page 5

Draft

During the period July 2015 to December 2015, the Council held a number of workshops to test strategies and actions in consideration of FFTF reforms. This included consideration of three financial scenarios mentioned earlier to establish the type of impact each would have on the key benchmark ratios. The Council’s LTFP was the tool to facilitate the consideration of these scenarios.

At these workshops, the information provided had the following aspects:

● Each financial planning scenario needed to meet the seven benchmark ratios.

● Each financial planning scenario would span from 2015/2025.

● A need to continue to meet the Roads to Recovery reference rate in all scenarios.This is a particularly important aspect of the organisation’s business activity which, ifnot meet, could jeopardise future grant revenue.

● The purpose of creating a number of different financial planning scenarios was tocontrast different approaches to achieving the seven benchmarks.

Proposed Financial Planning Scenarios:

● Financial Planning Scenario 1 = Productivity and efficiency improvements.

● Financial Planning Scenario 2 = Reducing one or two particular service levelsdramatically.

● Financial Planning Scenario 3 = Selling off major property assets to improve cashposition.

The Council provided the following information to support participants at the workshops:

● Ratio and benchmark assessment up to 2020.

● Income Statement for a 10 year period.

● Restricted Asset for a 10 year period.

Page 6

Draft

COMMUNITY CONSULTATION

A new Council was elected in September 2016, and collectively they are charged with reviewing the Community’s Strategic Plan (10yrs) and adopting a new Delivery Program (4yrs) by the 30 June 2017.

To assist in this process extensive community engagement occurred from November 2016 and January 2017.

The engagement process helped inform the Council in a variety of ways with the following four items highlighted as important for the future of our Shire:

1. Maintenance of roads and sporting fields.

2. Village as well as town beautification and appearance.

3. Maintaining high standards of parks and gardens, public buildings and facilities.

4. Economic development, town pride and promotion, and jobs growth.

This LTFP supports this direction. The LTFP is available for public comment in May and June 2017 as part of the Delivery Program Operational Plan 2017/21 community consultation process.

LONG TERM FINANCIAL PLAN COMMENTARY

In this commentary the key features of the LTFP 2017-27 are outlined. This LTFP aligns with the draft Combined Delivery Program Operational Plan 2017-21.

The LTFP budget is constructed on a number of assumptions and they are set out in this section of the plan.

In simple terms, this LTFP still retains existing service levels for Junee Shire residents. The minor budget cuts made over the last few years have been accommodated by the significant effort that has been put into making our operations more efficient. This has been very successful and a prime example is the reduced operational deficit for the Junee Junction Recreation & Aquatic Centre.

This LTFP continues to see improved capital expenditure in the roads budgets as a result of increased revenue from the Special Rates Variation approved by the Office of Local Government in 2014.

Page 7

Draft

Key Features of the LTFP 2017-27

● Benchmarks financial targets and ratios that formed part of the Fit for the Futurereform process have been accumulated with the Office of Local Governmentperformance ratios. In general terms the financial figures presented in the draft LTFPmeets 4 of the 6 financial targets and 2 of the 4 building and infrastructure ratios.During the public exhibition period the Council will continue to review its financialposition to put in place measures that will improve the financial sustainability of theorganisation.

● General rates income increases by 1.5 % in 2017-18 This rate has been set by theIndependent Pricing and Regulatory Tribunal (IPART)

● The plan allows for the bringing forward of the upgrade of the STP. An amount of$8.22M has been included in the 2017/18 LTFP for this project. It is to be funded froma combination of loans, grants and drawdown from reserves.

● Sewer Charges sees an increase of 7% in 2017-18 following the imposed freeze byCouncil to ease the impact from the SRV. Increases of 7% for Years 2 and 3 anincrease of 5% per annum for Years 4 to 10 of the plan. In addition allowance has beenmade in the plan for increased revenue as a result of the Correctional Centreexpansion and the introduction of commercial trade waste charges.

● Waste Charges are increasing by 5.0% for 2017-18 and Years 2 and 3 of the plan. FromYear 4 and beyond we have planned to increase waste charges by 3%.

● The estimated results for 2016/2017 (Based on March 2017 QBRS) was the base forthe preparation of the Long Term Financial Plan.

● Infrastructure & Services - Maintained with expenditure of road renewals improved.This has the effect of reducing the asset condition backlog meaning that less roadassets will be below a satisfactory condition. The Council meets the InfrastructureBacklog Ratio Benchmark of less than 2%.

● Athenium Theatre - Have planned for a number of upgrades to the Athenium. Theseinclude improved stage lighting and new heating and cooling systems. This project willbe subject to obtaining significant grants prior to work being done.

● Organisational Staffing Levels - Maintain existing staffing levels within period of review.

Page 8

Draft

OPERATING INCOME

Rates And Annual Charges

General Rate Revenue

General rates will increase by 1.5% in 2017-18. In the years beyond rate increases are modelled at 3%.

Waste Management Charges

An increase of 5.0% is modelled in the 2017-18, 2018-18 and 2019-20. An increase of 3% has been allowed for 2020-21 and beyond. The increase in Waste charges allows Council to build up its Waste Management reserve in line with the Waste Services Review 2016 recommendations adopted by Council.

The LTFP models the Waste Management service area separately and shows it is financially sustainable.

Sewer Charges

The LTFP allows for a 7% increase in charges for 17/18, 18/19 and 19/20 and then 5% per annum from 20/21 onwards. This will enable a catch-up of the revenue forgone in the three years of special general rate increases and also allows for the build-up of reserves to cover the costs of the major renewal of the Sewer Treatment Works in 2017-18

The LTFP models the Sewerage Fund separately and shows it is financially sustainable.

User Charges and Fees

The majority of Council’s fees and charges have been indexed by 3% in each of the next ten financial years.

Financial Assistance Grants

In May 2017 the Federal Government announced the lifting of the freeze on Financial Assistance Grant (FAG) that has been in place for the past three years. For the LTFP we have assumed a 2% increase in 2017-18 and a 2.5% per annum increase for the subsequent years. Council will not be advised the new figure until late June 2017.

Page 9

Draft

Operating Grants

In the majority of cases they have been kept at 2016-17 levels either because of current information or because of a lack of information about expected increases. Those grants that we have solid information on have been adjusted accordingly.

Interest Revenues

Interest on investments attributed to the General Fund are estimated to be $15K in 2017-18 and then they have been fixed at $15K per year over the remaining years of the LTFP with the view that available funds for investment will be reduced and interest will remain at their current low levels.

Other Revenue

Other revenue sources have been individually modelled in the LTFP.

OPERATING EXPENDITURE

Employee Costs

Employee costs include salaries, wages and employee leave entitlements. The current Local Government Award is currently being renegotiated. For the purpose of the LTFP salaries have been individually modelled and allow for a 3.0% increase for 2017/18 and 2.5% from 2018/19 onwards. No increase or decrease in staff numbers has been factored into the model.

Materials and Contractor Costs

Generally, Materials and Contracts have been indexed by 2.2%. More specifically the following adjustments were made:

● Rural Fire Service net cost estimated to be higher from 2017/18.

● Due to the changing landscape for both External and Internal Audit an increase of$20,000 per annum has been factored in over previous years.

● Maintenance on unsealed rural roads has been increased by $65K per annum.

Page 10

Draft

Depreciation

Depreciation expenses have been indexed upwards by 2.0% per year from 2018/19. Depreciation expenses involve a number of considerations including acquisition of new assets versus renewal of assets, review of remaining useful lives, residual values and re-valuations each five years.

Other Expenses

Other Expenses have been specifically modelled in the budget. They typically have a 2.0% indexation applied to them.

Borrowing Costs

Specific modelling for the repayment of Interest on Loans has occurred. For loans associated with Land Development, this is based on the estimated amount of the borrowing, the year in which it occurred and at an interest rate of 6% as an average across the 10 year time frame of the LTFP.

Council's other major loan is an Indexed Annuity Bond with a 30 year life. The interest rate used for this form of borrowing is based on CPI movements each quarter. The annual CPI rate assumed in this calculation is 2.5%.

In the Rural Sealed roads service area the Council acquired a subsidised interest loan of $1M

in 2014 for a ten year period. The loan interest rate is 5.616% with an interest subsidy from

the State Government of 3% has been allowed for.

In 2016-17 a loan of $380K was taken out for capital works at the Recreation Centre Loan repayments are factored in to commence from 2017-18 at an interest rate of 3.7%.

For 2017/18 the following loans have been planned for:

● $600K for the development of Stage 7 of John Potts Drive. The loan would be aninterest only loan (allowed 5% interest rate) and will be paid down as blocks of landare sold.

● $4.3M for the upgrade of the STP. For modelling purposes we have assumed aninterest rate of 6%. The plan allows for the loan to be paid back over 30 years. Theinterest rate will likely change over the period of the loan and will be adjusted in theLTFP updates as required.

Page 11

Draft

CAPITAL EXPENDITURE AND INCOME

A Capital Works Program has been determined with decisions made as to what are the priority assets to renew.

Land Development

The land development section of Council’s budget has been re-modelled. It now allows for the sale of 14 lots in 17/18, 12 lots in 18/19, 5 lots in 19/20, 5 lots in 20/21, 5 lots in 21/22 and 2 lots in 22/23 which will exhaust the supply of blocks available for sale. . The current LTFP does not allow for any additional development of land following John Potts Stage 7. As has been the Council’s practice, development costs are borrowed and paid off in lumps as blocks sell.

Major Projects over the span of the LTFP

● Sewerage Treatment works Upgrade - $8,220,000 (17/18)

● Improvements to Laurie Daley Oval facilities - $1,145,000 (17/18)

● Athenium Theatre - Stage Lighting - $35,000 (18/19)

● Athenium Theatre - Heating/Cooling - $550,000 (19/20)

● Village Amenity improvements -

● Junee Transfer Station compactus -

$60,000 (17/18 to 20/21)

$80,000 (18/19)

The first four items are subject to grant funding.

Page 12

Draft

DEMOGRAPHIC CHANGES

Junee Shire has experienced population growth over the last decade at a rate of 0.7%/year.

In 2018/19 there will be spike in population growth of 500 to 600 people as a result of the Correctional Centre expanding. As the increase deals with inmate incrassation there is no revenue adjustment to the Council’s finances.

Despite above average population growth generally the LTPF does not factor this into our financial calculations

PERFORMANCE MONITORING

Council will review the LTFP each year as part of the development of the Operational Plan. This review will include an assessment of the previous year’s performance in terms of the accuracy of the projections made in the LTFP compared to the actual results.

• Were the estimates accurate?

• Were the assumptions underpinning the estimates appropriate? The assumptionsmay need to be adjusted to improve the accuracy of the LTFP over the longer term.

Major differences between budget and actual figures in the Operational Plan will be documented with an explanation.

This review process is also conducted every four years, so that it is aligned with the latest iteration of the Community Strategic Plan. The LTFP will need to be adjusted if there are any substantial changes to the Community Strategic Plan.

Page 13

Draft

LONG TERM FINANCIAL PLAN - FOR THE FINANCIAL YEARS 2017/27

• Income Statement - Consolidated position

• Cash Flow Statement - Consolidated position

• Balance Sheet - Consolidated position

• Income Statement – General Fund

• Cash Flow Statement – General Fund

• Balance Sheet – General Fund

• Income Statement – Sewerage Fund

• Cash Flow Statement – Sewerage Fund

• Balance Sheet – Sewerage Fund

• Restricted Asset balances

Page 14

Draft

Junee Shire CouncilLong Term Financial Plan for the Years ending 30 June 2027INCOME STATEMENT - CONSOLIDATED Current Year

Scenario: Draft for Publication 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27

$ $ $ $ $ $ $ $ $ $ $

Income from Continuing OperationsRevenue:Rates & Annual Charges 4,996,471 5,537,433 5,758,671 5,987,752 6,194,855 6,409,851 6,633,351 6,865,440 7,106,499 7,356,916 7,617,105 User Charges & Fees 2,724,439 2,876,393 2,939,438 3,003,847 3,069,655 3,136,902 3,205,627 3,271,901 3,339,755 3,409,234 3,480,384 Interest & Investment Revenue 77,000 34,986 33,297 32,874 35,484 36,643 38,421 43,973 50,383 55,691 61,993 Other Revenues 452,096 687,184 672,117 682,199 692,431 702,818 713,360 724,061 734,922 745,945 757,135 Grants & Contributions provided for Operating Purposes 6,036,679 5,013,590 4,678,212 4,774,497 4,832,716 4,922,568 5,024,801 5,089,118 5,175,569 5,285,734 5,359,132 Grants & Contributions provided for Capital Purposes 236,600 4,512,685 35,000 550,000 63,000 63,000 143,000 63,000 63,000 63,000 63,000 Other Income:Net gains from the disposal of assets 206,657 276,287 237,171 73,441 65,941 65,941 26,377 - - - - Joint Ventures & Associated Entities - - - - - - - - - - - Total Income from Continuing Operations 14,729,942 18,938,558 14,353,906 15,104,609 14,954,082 15,337,723 15,784,938 16,057,493 16,470,127 16,916,520 17,338,749

Expenses from Continuing OperationsEmployee Benefits & On-Costs 4,667,346 3,638,062 3,755,289 3,799,556 3,881,325 3,964,991 4,050,597 4,138,188 4,227,812 4,319,515 4,413,347 Borrowing Costs 466,087 631,944 756,440 743,291 729,544 715,171 681,140 665,422 648,981 634,834 621,873 Materials & Contracts 4,074,603 5,602,612 5,599,979 5,655,342 5,810,024 5,834,460 5,898,085 5,992,734 6,137,644 6,169,452 6,273,196 Depreciation & Amortisation 2,302,741 2,631,002 2,853,326 2,899,556 2,946,710 2,994,808 3,043,868 3,093,908 3,144,950 3,197,012 3,250,116 Impairment - - - - - - - - - - - Other Expenses 1,308,526 1,355,953 1,367,304 1,378,824 1,390,518 1,402,387 1,414,434 1,426,662 1,439,073 1,451,670 1,464,457 Interest & Investment Losses - - - - - - - - - - - Net Losses from the Disposal of Assets - - - - - - - - - - - Joint Ventures & Associated Entities - - - - - - - - - - - Total Expenses from Continuing Operations 12,819,303 13,859,574 14,332,338 14,476,569 14,758,123 14,911,817 15,088,124 15,316,914 15,598,460 15,772,484 16,022,988

Operating Result from Continuing Operations 1,910,639 5,078,984 21,568 628,040 195,960 425,906 696,814 740,579 871,667 1,144,036 1,315,761

Discontinued Operations - Profit/(Loss) - - - - - - - - - - - Net Profit/(Loss) from Discontinued Operations - - - - - - - - - - -

Net Operating Result for the Year 1,910,639 5,078,984 21,568 628,040 195,960 425,906 696,814 740,579 871,667 1,144,036 1,315,761

Less Capital Grants (236,600) (4,512,685) (35,000) (550,000) (63,000) (63,000) (143,000) (63,000) (63,000) (63,000) (63,000)

Net Operating Result before Grants and Contributions provided for Capital Purposes 1,674,039 566,299 (13,432) 78,040 132,960 362,906 553,814 677,579 808,667 1,081,036 1,252,761

Projected Years

Page 15

Draft

Junee Shire CouncilLong Term Financial Plan for the Years ending 30 June 2027INCOME STATEMENT - GENERAL FUND Current Year


$ $ $ $ $ $ $ $ $ $ $

Income from Continuing OperationsRevenue:Rates & Annual Charges 4,392,882 4,697,390 4,819,090 4,981,126 5,133,500 5,290,724 5,452,968 5,620,404 5,793,219 5,971,598 6,155,737 User Charges & Fees 2,638,185 2,876,393 2,939,438 3,003,847 3,069,655 3,136,902 3,205,627 3,271,901 3,339,755 3,409,234 3,480,384 Interest & Investment Revenue 47,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 Other Revenues 452,096 940,164 925,097 935,179 945,411 955,798 966,340 977,041 987,902 998,925 1,010,115 Grants & Contributions provided for Operating Purposes 6,016,779 5,013,590 4,678,212 4,774,497 4,832,716 4,922,568 5,024,801 5,089,118 5,175,569 5,285,734 5,359,132 Grants & Contributions provided for Capital Purposes 236,600 991,000 35,000 550,000 63,000 63,000 143,000 63,000 63,000 63,000 63,000 Other Income:Net gains from the disposal of assets 206,657 276,287 237,171 73,441 65,941 65,941 26,377 - - - - Joint Ventures & Associated Entities - - - - - - - - - - - Total Income from Continuing Operations 13,990,199 14,809,824 13,649,008 14,333,089 14,125,223 14,449,933 14,834,114 15,036,464 15,374,444 15,743,491 16,083,368

Expenses from Continuing OperationsEmployee Benefits & On-Costs 4,410,836 3,401,562 3,511,739 3,548,744 3,623,035 3,698,996 3,776,667 3,856,086 3,937,292 4,020,324 4,105,225 Borrowing Costs 466,087 503,139 501,225 491,433 481,249 470,656 440,640 429,180 417,261 407,913 400,044 Materials & Contracts 3,991,603 5,613,892 5,611,259 5,666,622 5,821,304 5,845,740 5,909,365 6,004,014 6,148,924 6,180,732 6,284,476 Depreciation & Amortisation 1,968,036 2,266,173 2,311,497 2,357,727 2,404,881 2,452,979 2,502,039 2,552,079 2,603,121 2,655,183 2,708,287 Impairment - - - - - - - - - - - Other Expenses 1,174,526 1,320,553 1,331,904 1,343,424 1,355,118 1,366,987 1,379,034 1,391,262 1,403,673 1,416,270 1,429,057 Interest & Investment Losses - - - - - - - - - - - Net Losses from the Disposal of Assets - - - - - - - - - - - Joint Ventures & Associated Entities - - - - - - - - - - - Total Expenses from Continuing Operations 12,011,088 13,105,320 13,267,623 13,407,951 13,685,587 13,835,359 14,007,744 14,232,622 14,510,271 14,680,423 14,927,089

Operating Result from Continuing Operations 1,979,111 1,704,504 381,385 925,139 439,636 614,574 826,369 803,842 864,173 1,063,068 1,156,279


Net Operating Result for the Year 1,979,111 1,704,504 381,385 925,139 439,636 614,574 826,369 803,842 864,173 1,063,068 1,156,279

Net Operating Result before Grants and Contributions provided for Capital Purposes 1,742,511 713,504 346,385 375,139 376,636 551,574 683,369 740,842 801,173 1,000,068 1,093,279

Projected Years

Page 16

Draft

Junee Shire CouncilLong Term Financial Plan for the Years ending 30 June 2027INCOME STATEMENT - SEWER FUND Current Year


$ $ $ $ $ $ $ $ $ $ $

Income from Continuing OperationsRevenue:Rates & Annual Charges 603,589 840,043 939,581 1,006,626 1,061,355 1,119,127 1,180,383 1,245,036 1,313,280 1,385,318 1,461,368 User Charges & Fees 86,254 - - - - - - - - - - Interest & Investment Revenue 30,000 19,986 18,297 17,874 20,484 21,643 23,421 28,973 35,383 40,691 46,993 Other Revenues - - - - - - - - - - - Grants & Contributions provided for Operating Purposes 19,900 - - - - - - - - - - Grants & Contributions provided for Capital Purposes - 3,521,685 - - - - - - - - - Other Income:Net gains from the disposal of assets - - - - - - - - - - - Joint Ventures & Associated Entities - - - - - - - - - - - Total Income from Continuing Operations 739,743 4,381,714 957,878 1,024,500 1,081,839 1,140,770 1,203,804 1,274,009 1,348,663 1,426,009 1,508,361

Expenses from Continuing OperationsEmployee Benefits & On-Costs 256,510 236,500 243,550 250,812 258,291 265,995 273,929 282,102 290,520 299,191 308,122 Borrowing Costs - 128,805 255,215 251,858 248,296 244,514 240,501 236,241 231,720 226,921 221,828 Materials & Contracts 83,000 241,700 241,700 241,700 241,700 241,700 241,700 241,700 241,700 241,700 241,700 Depreciation & Amortisation 334,705 364,829 541,829 541,829 541,829 541,829 541,829 541,829 541,829 541,829 541,829 Impairment - - - - - - - - - - - Other Expenses 134,000 35,400 35,400 35,400 35,400 35,400 35,400 35,400 35,400 35,400 35,400 Interest & Investment Losses - - - - - - - - - - - Net Losses from the Disposal of Assets - - - - - - - - - - - Joint Ventures & Associated Entities - - - - - - - - - - - Total Expenses from Continuing Operations 808,215 1,007,234 1,317,694 1,321,599 1,325,515 1,329,438 1,333,359 1,337,272 1,341,169 1,345,041 1,348,879

Operating Result from Continuing Operations (68,472) 3,374,480 (359,816) (297,099) (243,676) (188,668) (129,555) (63,263) 7,494 80,968 159,482


Net Operating Result for the Year (68,472) 3,374,480 (359,816) (297,099) (243,676) (188,668) (129,555) (63,263) 7,494 80,968 159,482

Net Operating Result before Grants and Contributions provided for Capital Purposes (68,472) (147,205) (359,816) (297,099) (243,676) (188,668) (129,555) (63,263) 7,494 80,968 159,482

Projected Years

Page 17

Draft

Junee Shire CouncilLong Term Financial Plan for the Years ending 30 June 2027BALANCE SHEET - CONSOLIDATED Current Year


$ $ $ $ $ $ $ $ $ $ $

ASSETSCurrent AssetsCash & Cash Equivalents 2,553,242 1,693,322 1,612,713 1,775,278 1,971,451 2,135,550 2,323,910 3,106,086 3,921,305 4,791,907 5,862,873 Investments - - - - - - - - - - - Receivables 89,288 136,827 153,040 163,960 172,875 182,284 192,262 202,793 213,908 225,642 238,029 Inventories - - - - - - - - - - - Other - - - - - - - - - - - Non-current assets classified as "held for sale" - - - - - - - - - - - Total Current Assets 2,642,530 1,830,149 1,765,753 1,939,238 2,144,325 2,317,835 2,516,172 3,308,878 4,135,214 5,017,549 6,100,902

Non-Current AssetsInvestments - - - - - - - - - - - Receivables 167,000 167,000 167,000 167,000 167,000 167,000 167,000 167,000 167,000 167,000 167,000 Inventories 1,250,913 1,329,568 798,999 598,758 398,517 198,276 118,180 118,180 118,180 118,180 118,180 Infrastructure, Property, Plant & Equipment 138,953,367 148,909,181 148,741,278 149,030,166 148,846,552 148,915,215 149,205,409 148,924,445 148,760,690 148,707,275 148,611,155 Investments Accounted for using the equity method - - - - - - - - - - - Investment Property - - - - - - - - - - - Intangible Assets - - - - - - - - - - - Non-current assets classified as "held for sale" - - - - - - - - - - - Other - - - - - - - - - - - Total Non-Current Assets 140,371,280 150,405,749 149,707,277 149,795,924 149,412,069 149,280,491 149,490,589 149,209,625 149,045,870 148,992,455 148,896,335 TOTAL ASSETS 143,013,810 152,235,897 151,473,029 151,735,162 151,556,394 151,598,326 152,006,761 152,518,503 153,181,084 154,010,004 154,997,237

LIABILITIESCurrent LiabilitiesBank Overdraft - - - - - - - - - - - Payables - 46,183 46,183 46,183 46,183 46,183 46,183 46,183 46,183 46,183 46,183 Borrowings 776,926 784,436 365,907 374,727 383,974 288,379 228,836 209,087 315,115 328,528 896,279 Provisions 1,807,797 1,807,797 1,807,797 1,807,797 1,807,797 1,807,797 1,807,797 1,807,797 1,807,797 1,807,797 1,807,797 Liabilities associated with assets classified as "held for sale" - - - - - - - - - - - Total Current Liabilities 2,584,722 2,638,416 2,219,887 2,228,707 2,237,954 2,142,359 2,082,816 2,063,066 2,169,095 2,182,508 2,750,259

Non-Current LiabilitiesPayables 67,000 67,000 67,000 67,000 67,000 67,000 67,000 67,000 67,000 67,000 67,000 Borrowings 6,938,474 11,027,884 10,661,977 10,287,250 9,903,275 9,614,896 9,386,060 9,176,973 8,861,858 8,533,330 7,637,051 Provisions 19,203 19,203 19,203 19,203 19,203 19,203 19,203 19,203 19,203 19,203 19,203 Investments Accounted for using the equity method - - - - - - - - - - - Liabilities associated with assets classified as "held for sale" - - - - - - - - - - - Total Non-Current Liabilities 7,024,678 11,114,087 10,748,180 10,373,453 9,989,479 9,701,100 9,472,263 9,263,177 8,948,062 8,619,533 7,723,255 TOTAL LIABILITIES 9,609,400 13,752,504 12,968,067 12,602,160 12,227,433 11,843,459 11,555,079 11,326,243 11,117,157 10,802,041 10,473,513

Net Assets 133,404,410 138,483,394 138,504,962 139,133,002 139,328,961 139,754,867 140,451,681 141,192,260 142,063,927 143,207,963 144,523,724

EQUITYRetained Earnings 81,458,410 86,537,394 86,558,962 87,187,002 87,382,961 87,808,867 88,505,681 89,246,260 90,117,927 91,261,963 92,577,724 Revaluation Reserves 51,946,000 51,946,000 51,946,000 51,946,000 51,946,000 51,946,000 51,946,000 51,946,000 51,946,000 51,946,000 51,946,000 Council Equity Interest 133,404,410 138,483,394 138,504,962 139,133,002 139,328,961 139,754,867 140,451,681 141,192,260 142,063,927 143,207,963 144,523,724 Minority Equity Interest - - - - - - - - - - - Total Equity 133,404,410 138,483,394 138,504,962 139,133,002 139,328,961 139,754,867 140,451,681 141,192,260 142,063,927 143,207,963 144,523,724

Projected Years

Page 18

Draft

Junee Shire CouncilLong Term Financial Plan for the Years ending 30 June 2027BALANCE SHEET - GENERAL FUND Current Year


$ $ $ $ $ $ $ $ $ $ $

ASSETSCurrent AssetsCash & Cash Equivalents 1,281,297 785,578 745,372 788,188 808,245 849,998 856,979 1,300,797 1,707,508 2,206,045 2,827,677 Investments - - - - - - - - - - - Receivables - - - - - - - - - - - Inventories - - - - - - - - - - - Other - - - - - - - - - - - Non-current assets classified as "held for sale" - - - - - - - - - - - Total Current Assets 1,281,297 785,578 745,372 788,188 808,245 849,998 856,979 1,300,797 1,707,508 2,206,045 2,827,677

Non-Current AssetsInvestments - - - - - - - - - - - Receivables 167,000 167,000 167,000 167,000 167,000 167,000 167,000 167,000 167,000 167,000 167,000 Inventories 1,250,913 1,329,568 798,999 598,758 398,517 198,276 118,180 118,180 118,180 118,180 118,180 Infrastructure, Property, Plant & Equipment 127,952,072 129,896,715 130,119,141 130,893,858 131,200,573 131,655,065 132,335,588 132,540,453 132,867,027 133,199,441 133,493,650 Investments Accounted for using the equity method - - - - - - - - - - - Investment Property - - - - - - - - - - - Intangible Assets - - - - - - - - - - - Non-current assets classified as "held for sale" - - - - - - - - - - - Other - - - - - - - - - - - Total Non-Current Assets 129,369,985 131,393,283 131,085,140 131,659,616 131,766,090 132,020,341 132,620,768 132,825,633 133,152,207 133,484,621 133,778,830 TOTAL ASSETS 130,651,282 132,178,860 131,830,512 132,447,803 132,574,335 132,870,339 133,477,747 134,126,430 134,859,716 135,690,665 136,606,507

LIABILITIESCurrent LiabilitiesBank Overdraft - - - - - - - - - - - Payables - - - - - - - - - - - Borrowings 776,926 729,733 307,847 313,104 318,570 218,962 155,159 130,888 232,118 240,438 802,783 Provisions 1,807,797 1,807,797 1,807,797 1,807,797 1,807,797 1,807,797 1,807,797 1,807,797 1,807,797 1,807,797 1,807,797 Liabilities associated with assets classified as "held for sale" - - - - - - - - - - - Total Current Liabilities 2,584,722 2,537,530 2,115,644 2,120,901 2,126,366 2,026,758 1,962,955 1,938,685 2,039,915 2,048,234 2,610,580

Non-Current LiabilitiesPayables 67,000 67,000 67,000 67,000 67,000 67,000 67,000 67,000 67,000 67,000 67,000 Borrowings 6,938,474 6,808,741 6,500,894 6,187,790 5,869,220 5,650,258 5,495,100 5,364,212 5,132,094 4,891,656 4,088,873 Provisions 19,203 19,203 19,203 19,203 19,203 19,203 19,203 19,203 19,203 19,203 19,203 Investments Accounted for using the equity method - - - - - - - - - - - Liabilities associated with assets classified as "held for sale" - - - - - - - - - - - Total Non-Current Liabilities 7,024,678 6,894,945 6,587,098 6,273,993 5,955,424 5,736,462 5,581,303 5,450,415 5,218,297 4,977,859 4,175,076 TOTAL LIABILITIES 9,609,400 9,432,474 8,702,741 8,394,894 8,081,790 7,763,220 7,544,258 7,389,100 7,258,212 7,026,094 6,785,656

Net Assets 121,041,882 122,746,386 123,127,771 124,052,909 124,492,545 125,107,119 125,933,488 126,737,330 127,601,504 128,664,572 129,820,851


Projected Years

Page e 19

Draft

Junee Shire CouncilLong Term Financial Plan for the Years ending 30 June 2027BALANCE SHEET - SEWER FUND Current Year


$ $ $ $ $ $ $ $ $ $ $

ASSETSCurrent AssetsCash & Cash Equivalents 1,271,945 907,744 867,341 987,090 1,163,206 1,285,552 1,466,931 1,805,288 2,213,797 2,585,863 3,035,196 Investments - - - - - - - - - - - Receivables 89,288 136,827 153,040 163,960 172,875 182,284 192,262 202,793 213,908 225,642 238,029 Inventories - - - - - - - - - - - Other - - - - - - - - - - - Non-current assets classified as "held for sale" - - - - - - - - - - - Total Current Assets 1,361,233 1,044,571 1,020,381 1,151,050 1,336,080 1,467,837 1,659,193 2,008,081 2,427,705 2,811,505 3,273,226

Non-Current AssetsInvestments - - - - - - - - - - - Receivables - - - - - - - - - - - Inventories - - - - - - - - - - - Infrastructure, Property, Plant & Equipment 11,001,295 19,012,466 18,622,137 18,136,308 17,645,979 17,260,150 16,869,821 16,383,992 15,893,663 15,507,834 15,117,505 Investments Accounted for using the equity method - - - - - - - - - - - Investment Property - - - - - - - - - - - Intangible Assets - - - - - - - - - - - Non-current assets classified as "held for sale" - - - - - - - - - - - Other - - - - - - - - - - - Total Non-Current Assets 11,001,295 19,012,466 18,622,137 18,136,308 17,645,979 17,260,150 16,869,821 16,383,992 15,893,663 15,507,834 15,117,505 TOTAL ASSETS 12,362,528 20,057,037 19,642,518 19,287,358 18,982,059 18,727,987 18,529,014 18,392,073 18,321,368 18,319,339 18,390,731

LIABILITIESCurrent LiabilitiesBank Overdraft - - - - - - - - - - - Payables - 46,183 46,183 46,183 46,183 46,183 46,183 46,183 46,183 46,183 46,183 Borrowings - 54,703 58,060 61,623 65,404 69,418 73,677 78,199 82,997 88,090 93,496 Provisions - - - - - - - - - - - Liabilities associated with assets classified as "held for sale" - - - - - - - - - - - Total Current Liabilities - 100,887 104,243 107,806 111,588 115,601 119,861 124,382 129,180 134,273 139,679

Non-Current LiabilitiesPayables - - - - - - - - - - - Borrowings - 4,219,143 4,161,083 4,099,460 4,034,055 3,964,638 3,890,960 3,812,762 3,729,764 3,641,674 3,548,179 Provisions - - - - - - - - - - - Investments Accounted for using the equity method - - - - - - - - - - - Liabilities associated with assets classified as "held for sale" - - - - - - - - - - - Total Non-Current Liabilities - 4,219,143 4,161,083 4,099,460 4,034,055 3,964,638 3,890,960 3,812,762 3,729,764 3,641,674 3,548,179 TOTAL LIABILITIES - 4,320,029 4,265,326 4,207,266 4,145,643 4,080,239 4,010,821 3,937,144 3,858,945 3,775,948 3,687,858

Net Assets 12,362,528 15,737,008 15,377,191 15,080,093 14,836,416 14,647,748 14,518,193 14,454,930 14,462,423 14,543,391 14,702,873


Projected Years

Page 20

Draft

Junee Shire CouncilLong Term Financial Plan for the Years ending 30 June 2027CASH FLOW STATEMENT - CONSOLIDATED Current Year


$ $ $ $ $ $ $ $ $ $ $

Cash Flows from Operating ActivitiesReceipts:Rates & Annual Charges 4,996,471 5,400,606 5,742,458 5,976,832 6,185,941 6,400,441 6,623,374 6,854,910 7,095,383 7,345,182 7,604,718 User Charges & Fees 2,724,439 2,876,393 2,939,438 3,003,847 3,069,655 3,136,902 3,205,627 3,271,901 3,339,755 3,409,234 3,480,384 Interest & Investment Revenue Received 77,000 34,986 33,297 32,874 35,484 36,643 38,421 43,973 50,383 55,691 61,993 Grants & Contributions 6,273,279 9,526,275 4,713,212 5,324,497 4,895,716 4,985,568 5,167,801 5,152,118 5,238,569 5,348,734 5,422,132 Bonds & Deposits Received - - - - - - - - - - - Other 452,096 687,184 672,117 682,199 692,431 702,818 713,360 724,061 734,922 745,945 757,135 Payments:Employee Benefits & On-Costs (4,667,346) (3,638,062) (3,755,289) (3,799,556) (3,881,325) (3,964,991) (4,050,597) (4,138,188) (4,227,812) (4,319,515) (4,413,347) Materials & Contracts (4,074,603) (5,556,429) (5,599,979) (5,655,342) (5,810,024) (5,834,460) (5,898,085) (5,992,734) (6,137,644) (6,169,452) (6,273,196) Borrowing Costs (466,087) (631,944) (756,440) (743,291) (729,544) (715,171) (681,140) (665,422) (648,981) (634,834) (621,873) Bonds & Deposits Refunded - - - - - - - - - - - Other (1,308,526) (1,355,953) (1,367,304) (1,378,824) (1,390,518) (1,402,387) (1,414,434) (1,426,662) (1,439,073) (1,451,670) (1,464,457)

Net Cash provided (or used in) Operating Activities 4,006,723 7,343,056 2,621,510 3,443,234 3,067,815 3,345,363 3,704,327 3,823,956 4,005,501 4,329,314 4,553,490

Cash Flows from Investing ActivitiesReceipts:Sale of Investment Securities - - - - - - - - - - - Sale of Investment Property - - - - - - - - - - - Sale of Real Estate Assets 723,344 979,832 885,040 318,182 318,182 318,182 127,273 - - - - Sale of Infrastructure, Property, Plant & Equipment 713,000 236,000 263,000 181,000 260,000 235,000 235,000 235,000 235,000 235,000 235,000 Sale of Interests in Joint Ventures & Associates - - - - - - - - - - - Sale of Intangible Assets - - - - - - - - - - - Deferred Debtors Receipts - - - - - - - - - - - Sale of Disposal Groups - - - - - - - - - - - Distributions Received from Joint Ventures & Associates - - - - - - - - - - - Other Investing Activity Receipts - - - - - - - - - - - Payments:Purchase of Investment Securities - - - - - - - - - - - Purchase of Investment Property - - - - - - - - - - - Purchase of Infrastructure, Property, Plant & Equipment (5,679,337) (12,822,816) (2,948,423) (3,369,444) (3,023,097) (3,298,471) (3,569,061) (3,047,945) (3,216,195) (3,378,597) (3,388,996) Purchase of Real Estate Assets (97,600) (782,200) (117,300) (44,500) (52,000) (52,000) (20,800) - - - - Purchase of Intangible Assets - - - - - - - - - - - Deferred Debtors & Advances Made - - - - - - - - - - - Purchase of Interests in Joint Ventures & Associates - - - - - - - - - - - Contributions Paid to Joint Ventures & Associates - - - - - - - - - - - Other Investing Activity Payments - - - - - - - - - - -

Net Cash provided (or used in) Investing Activities (4,340,593) (12,389,184) (1,917,683) (2,914,762) (2,496,915) (2,797,289) (3,227,588) (2,812,945) (2,981,195) (3,143,597) (3,153,996)

Cash Flows from Financing ActivitiesReceipts:Proceeds from Borrowings & Advances 380,000 4,900,000 - - - - - - - - - Proceeds from Finance Leases - - - - - - - - - - - Other Financing Activity Receipts - - - - - - - - - - - Payments:Repayment of Borrowings & Advances (968,600) (803,080) (784,436) (365,907) (374,727) (383,974) (288,379) (228,836) (209,087) (315,115) (328,528) Repayment of Finance Lease Liabilities - - - - - - - - - - - Distributions to Minority Interests - - - - - - - - - - - Other Financing Activity Payments - - - - - - - - - - -

Net Cash Flow provided (used in) Financing Activities (588,600) 4,096,920 (784,436) (365,907) (374,727) (383,974) (288,379) (228,836) (209,087) (315,115) (328,528)

Net Increase/(Decrease) in Cash & Cash Equivalents (922,470) (949,208) (80,609) 162,565 196,173 164,100 188,360 782,175 815,220 870,602 1,070,966

plus: Cash, Cash Equivalents & Investments - beginning of year 2,817,000 1,894,530 945,322 864,713 1,027,278 1,223,451 1,387,550 1,575,910 2,358,086 3,173,305 4,043,907

Cash & Cash Equivalents - end of the year 1,894,530 945,322 864,713 1,027,278 1,223,451 1,387,550 1,575,910 2,358,086 3,173,305 4,043,907 5,114,873

Cash & Cash Equivalents - end of the year 1,894,530 945,322 864,713 1,027,278 1,223,451 1,387,550 1,575,910 2,358,086 3,173,305 4,043,907 5,114,873 Investments - end of the year - - - - - - - - - - - Cash, Cash Equivalents & Investments - end of the year 1,894,530 945,322 864,713 1,027,278 1,223,451 1,387,550 1,575,910 2,358,086 3,173,305 4,043,907 5,114,873

Projected Years

Page 21

Draft

Junee Shire CouncilLong Term Financial Plan for the Years ending 30 June 2027CASH FLOW STATEMENT - GENERAL FUND Current Year


$ $ $ $ $ $ $ $ $ $ $

Cash Flows from Operating ActivitiesReceipts:Rates & Annual Charges 4,392,882 4,697,390 4,819,090 4,981,126 5,133,500 5,290,724 5,452,968 5,620,404 5,793,219 5,971,598 6,155,737 User Charges & Fees 2,638,185 2,876,393 2,939,438 3,003,847 3,069,655 3,136,902 3,205,627 3,271,901 3,339,755 3,409,234 3,480,384 Interest & Investment Revenue Received 47,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 Grants & Contributions 6,253,379 6,004,590 4,713,212 5,324,497 4,895,716 4,985,568 5,167,801 5,152,118 5,238,569 5,348,734 5,422,132 Bonds & Deposits Received - - - - - - - - - - - Other 452,096 940,164 925,097 935,179 945,411 955,798 966,340 977,041 987,902 998,925 1,010,115 Payments:Employee Benefits & On-Costs (4,410,836) (3,401,562) (3,511,739) (3,548,744) (3,623,035) (3,698,996) (3,776,667) (3,856,086) (3,937,292) (4,020,324) (4,105,225) Materials & Contracts (3,991,603) (5,613,892) (5,611,259) (5,666,622) (5,821,304) (5,845,740) (5,909,365) (6,004,014) (6,148,924) (6,180,732) (6,284,476) Borrowing Costs (466,087) (503,139) (501,225) (491,433) (481,249) (470,656) (440,640) (429,180) (417,261) (407,913) (400,044) Bonds & Deposits Refunded - - - - - - - - - - - Other (1,174,526) (1,320,553) (1,331,904) (1,343,424) (1,355,118) (1,366,987) (1,379,034) (1,391,262) (1,403,673) (1,416,270) (1,429,057)

Net Cash provided (or used in) Operating Activities 3,740,490 3,694,391 2,455,710 3,209,424 2,778,577 3,001,612 3,302,031 3,355,921 3,467,294 3,718,251 3,864,566

Cash Flows from Investing ActivitiesReceipts:Sale of Investment Securities - - - - - - - - - - - Sale of Investment Property - - - - - - - - - - - Sale of Real Estate Assets 723,344 979,832 885,040 318,182 318,182 318,182 127,273 - - - - Sale of Infrastructure, Property, Plant & Equipment 713,000 236,000 263,000 181,000 260,000 235,000 235,000 235,000 235,000 235,000 235,000 Sale of Interests in Joint Ventures & Associates - - - - - - - - - - - Sale of Intangible Assets - - - - - - - - - - - Deferred Debtors Receipts - - - - - - - - - - - Sale of Disposal Groups - - - - - - - - - - - Distributions Received from Joint Ventures & Associates - - - - - - - - - - - Other Investing Activity Receipts - - - - - - - - - - - Payments:Purchase of Investment Securities - - - - - - - - - - - Purchase of Investment Property - - - - - - - - - - - Purchase of Infrastructure, Property, Plant & Equipment (5,069,337) (4,446,816) (2,796,923) (3,313,444) (2,971,597) (3,142,471) (3,417,561) (2,991,945) (3,164,695) (3,222,597) (3,237,496) Purchase of Real Estate Assets (97,600) (782,200) (117,300) (44,500) (52,000) (52,000) (20,800) - - - - Purchase of Intangible Assets - - - - - - - - - - - Deferred Debtors & Advances Made - - - - - - - - - - - Purchase of Interests in Joint Ventures & Associates - - - - - - - - - - - Contributions Paid to Joint Ventures & Associates - - - - - - - - - - - Other Investing Activity Payments - - - - - - - - - - -

Net Cash provided (or used in) Investing Activities (3,730,593) (4,013,184) (1,766,183) (2,858,762) (2,445,415) (2,641,289) (3,076,088) (2,756,945) (2,929,695) (2,987,597) (3,002,496)

Cash Flows from Financing ActivitiesReceipts:Proceeds from Borrowings & Advances 380,000 600,000 - - - - - - - - - Proceeds from Finance Leases - - - - - - - - - - - Other Financing Activity Receipts - - - - - - - - - - - Payments:Repayment of Borrowings & Advances (968,600) (776,926) (729,733) (307,847) (313,104) (318,570) (218,962) (155,159) (130,888) (232,118) (240,438) Repayment of Finance Lease Liabilities - - - - - - - - - - - Distributions to Minority Interests - - - - - - - - - - - Other Financing Activity Payments - - - - - - - - - - -

Net Cash Flow provided (used in) Financing Activities (588,600) (176,926) (729,733) (307,847) (313,104) (318,570) (218,962) (155,159) (130,888) (232,118) (240,438)

Net Increase/(Decrease) in Cash & Cash Equivalents (578,703) (495,719) (40,206) 42,816 20,057 41,753 6,981 443,818 406,711 498,536 621,632

plus: Cash, Cash Equivalents & Investments - beginning of year 1,149,000 570,297 74,578 34,372 77,188 97,245 138,998 145,979 589,797 996,508 1,495,045

Cash & Cash Equivalents - end of the year 570,297 74,578 34,372 77,188 97,245 138,998 145,979 589,797 996,508 1,495,045 2,116,677

Cash & Cash Equivalents - end of the year 570,297 74,578 34,372 77,188 97,245 138,998 145,979 589,797 996,508 1,495,045 2,116,677 Investments - end of the year - - - - - - - - - - - Cash, Cash Equivalents & Investments - end of the year 570,297 74,578 34,372 77,188 97,245 138,998 145,979 589,797 996,508 1,495,045 2,116,677

Projected Years

Page 22

Draft

Junee Shire CouncilLong Term Financial Plan for the Years ending 30 June 2027CASH FLOW STATEMENT - SEWER FUND Current Year


$ $ $ $ $ $ $ $ $ $ $

Cash Flows from Operating ActivitiesReceipts:Rates & Annual Charges 603,589 703,216 923,368 995,706 1,052,441 1,109,717 1,170,406 1,234,505 1,302,164 1,373,584 1,448,981 User Charges & Fees 86,254 - - - - - - - - - - Interest & Investment Revenue Received 30,000 19,986 18,297 17,874 20,484 21,643 23,421 28,973 35,383 40,691 46,993 Grants & Contributions 19,900 3,521,685 - - - - - - - - - Bonds & Deposits Received - - - - - - - - - - - Other - - - - - - - - - - - Payments:Employee Benefits & On-Costs (256,510) (236,500) (243,550) (250,812) (258,291) (265,995) (273,929) (282,102) (290,520) (299,191) (308,122) Materials & Contracts (83,000) (195,517) (241,700) (241,700) (241,700) (241,700) (241,700) (241,700) (241,700) (241,700) (241,700) Borrowing Costs - (128,805) (255,215) (251,858) (248,296) (244,514) (240,501) (236,241) (231,720) (226,921) (221,828) Bonds & Deposits Refunded - - - - - - - - - - - Other (134,000) (35,400) (35,400) (35,400) (35,400) (35,400) (35,400) (35,400) (35,400) (35,400) (35,400)

Net Cash provided (or used in) Operating Activities 266,233 3,648,665 165,800 233,810 289,238 343,751 402,296 468,035 538,207 611,063 688,924

Cash Flows from Investing ActivitiesReceipts:Sale of Investment Securities - - - - - - - - - - - Sale of Investment Property - - - - - - - - - - - Sale of Real Estate Assets - - - - - - - - - - - Sale of Infrastructure, Property, Plant & Equipment - - - - - - - - - - - Sale of Interests in Joint Ventures & Associates - - - - - - - - - - - Sale of Intangible Assets - - - - - - - - - - - Deferred Debtors Receipts - - - - - - - - - - - Sale of Disposal Groups - - - - - - - - - - - Distributions Received from Joint Ventures & Associates - - - - - - - - - - - Other Investing Activity Receipts - - - - - - - - - - - Payments:Purchase of Investment Securities - - - - - - - - - - - Purchase of Investment Property - - - - - - - - - - - Purchase of Infrastructure, Property, Plant & Equipment (610,000) (8,376,000) (151,500) (56,000) (51,500) (156,000) (151,500) (56,000) (51,500) (156,000) (151,500) Purchase of Real Estate Assets - - - - - - - - - - - Purchase of Intangible Assets - - - - - - - - - - - Deferred Debtors & Advances Made - - - - - - - - - - - Purchase of Interests in Joint Ventures & Associates - - - - - - - - - - - Contributions Paid to Joint Ventures & Associates - - - - - - - - - - - Other Investing Activity Payments - - - - - - - - - - -

Net Cash provided (or used in) Investing Activities (610,000) (8,376,000) (151,500) (56,000) (51,500) (156,000) (151,500) (56,000) (51,500) (156,000) (151,500)

Cash Flows from Financing ActivitiesReceipts:Proceeds from Borrowings & Advances - 4,300,000 - - - - - - - - - Proceeds from Finance Leases - - - - - - - - - - - Other Financing Activity Receipts - - - - - - - - - - - Payments:Repayment of Borrowings & Advances - (26,154) (54,703) (58,060) (61,623) (65,404) (69,418) (73,677) (78,199) (82,997) (88,090) Repayment of Finance Lease Liabilities - - - - - - - - - - - Distributions to Minority Interests - - - - - - - - - - - Other Financing Activity Payments - - - - - - - - - - -

Net Cash Flow provided (used in) Financing Activities - 4,273,846 (54,703) (58,060) (61,623) (65,404) (69,418) (73,677) (78,199) (82,997) (88,090)

Net Increase/(Decrease) in Cash & Cash Equivalents (343,767) (453,489) (40,403) 119,750 176,115 122,347 181,379 338,357 408,508 372,066 449,334

plus: Cash, Cash Equivalents & Investments - beginning of year 1,668,000 1,324,233 870,744 830,341 950,090 1,126,206 1,248,552 1,429,931 1,768,288 2,176,797 2,548,863

Cash & Cash Equivalents - end of the year 1,324,233 870,744 830,341 950,090 1,126,206 1,248,552 1,429,931 1,768,288 2,176,797 2,548,863 2,998,196

Cash & Cash Equivalents - end of the year 1,324,233 870,744 830,341 950,090 1,126,206 1,248,552 1,429,931 1,768,288 2,176,797 2,548,863 2,998,196 Investments - end of the year - - - - - - - - - - - Cash, Cash Equivalents & Investments - end of the year 1,324,233 870,744 830,341 950,090 1,126,206 1,248,552 1,429,931 1,768,288 2,176,797 2,548,863 2,998,196

Projected Years

Page 23

Draft

Junee Shire CouncilLong Term Financial Plan for the Years ending 30 June 2027

RESTRICTED ASSETS BALANCE - CONSOLIDATED Current YearOperational

Plan

Scenario: Draft for Publication 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27$ $ $ $ $ $ $ $ $ $ $

Internal Restricted AssetsDeposits, retentions and bonds 31,967 31,967 31,967 31,967 31,967 31,967 31,967 31,967 31,967 31,967 31,967 Employees Leave Entitlement 205,000 205,000 205,000 205,000 205,000 205,000 205,000 205,000 205,000 205,000 205,000 Gravel Pit Restoration 26,848 26,848 26,848 26,848 26,848 26,848 26,848 26,848 26,848 26,848 26,848 Junee Historical Society 17,217 17,217 17,217 17,217 17,217 17,217 17,217 17,217 17,217 17,217 17,217 Junee Reserves Trust 19,444 35,944 52,444 68,944 15,444 31,944 48,444 64,944 81,444 97,944 114,444 Total Internally Restricted Assets 300,476 316,976 333,476 349,976 296,476 312,976 329,476 345,976 362,476 378,976 395,476

External Restricted AssetsSpecific Purpose Unexpended Grants 738,025 738,025 738,025 738,025 738,025 738,025 738,025 738,025 738,025 738,025 738,025 Domestic Waste Management (156,651) (81,001) 14,906 89,906 158,225 226,604 294,953 363,302 431,651 500,000 568,349 Sewer Fund 1,271,945 907,744 867,341 987,090 1,163,206 1,285,552 1,466,931 1,805,288 2,213,797 2,585,863 3,035,196 Total Externally Restricted Assets 1,853,319 1,564,768 1,620,272 1,815,021 2,059,456 2,250,181 2,499,909 2,906,615 3,383,473 3,823,888 4,341,570

Total Restricted Assets Balance 2,153,795 1,881,744 1,953,748 2,164,997 2,355,932 2,563,157 2,829,385 3,252,591 3,745,949 4,202,864 4,737,046

Cash as per Cash Flow Statement 1,894,320 882,462 636,118 654,121 889,838 1,273,365 1,636,400 2,476,705 3,349,517 4,277,163 5,404,614

Delivery Plan

Page 24

Draft

JUNEE SHIRE COUNCIL Draft...Long Term Financial Plan 2017/27 Supporting the Council’s Adopted...

Documents

Transcript of JUNEE SHIRE COUNCIL Draft...Long Term Financial Plan 2017/27 Supporting the Council’s Adopted...