LONG TERM FINANCIAL PLAN 2018/19 2027/28 · Long Term Financial Plan Long Term Financial Plan: This...

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LONG TERM FINANCIAL PLAN

2018/19 – 2027/28

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Document Control LTFP

Revision Number Date Revision Details

1 Initial Plan

2 September 2013 -Two Scenarios Rate Pegging / Special Rate Variation -Revised maintenance and renewal of assets - increased rural road maintenance -Operational savings

3 June 2014 Reflect 2014/15 Operational Plan and

2023/24 financial projections









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Contents

Introduction.………………………………………………………….…..……4

Objectives of the Long Term Financial Plan……………….……..7

Financial Sustainability…………………………………….....…………..7

Planning Assumptions……………………………………………………..8

Capital Works…………………………………………………………………12

Key Financial Indicators…………………………………………….……20

Sensitivity Analysis.………………………………….…………….………21

Financial Strategies Underpinning the LTFP……………...……22

Financial Modelling …………….………………………..………………24

Appendix 1 – Financial Modelling Outputs…………….………25

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Introduction

How does the Long Term Financial Plan relate to the Community Strategic Plan and Delivery Program The Community Strategic Plan is the highest level plan that Council prepares. Its purpose is to identify the community’s main priorities and aspirations for the future and to plan strategies for achieving these goals. In doing this, the planning process considers the issues and pressures that may affect the community and the level of resources that will realistically be available to achieve its aspirations.

While Council has a custodial role in initiating, preparing and maintaining the Community Strategic Plan on behalf of the community, it is not wholly responsible for its implementation. Other partners, such as other level of government and community groups are also responsible for the delivery of long term strategies in the Plan. These responsibilities are also identified in the Plan.

The Community Strategic Plan is supported by a number of Council plans including:

Delivery Program: This plan sets out the actions, grouped under strategies identified in

the Community Strategic Plan, that Council will take over its current four year term, that

work towards achieving the outcomes identified in the Community Strategic Plan. This

plan also includes anticipated budget requirements associated with these actions.

Operational Plan: This plan contains details of Council’s actions, grouped under

strategies from the Community Strategic Plan that Council will take in the next financial

year that work towards achieving the outcomes identified in the Community strategic

Plan. These actions are a sub set of the actions outlined in the Delivery Program and

include detailed budget requirements for the financial year associated with these actions.

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Community Strategic Plan

Delivery Program

OUTCOMES

Operational Plan

STRATEGIES

ACTIONS

Resourcing Strategy: This Strategy is the basis upon which Council will make decisions

designed to deliver the outcomes identified in the Community Strategic Plan and

includes:

Workforce Management Plan: This planning outlines how we will ensure Council

has the staff with the skills to work towards delivering the outcomes identified in

the Community Strategic Plan

Asset Management Plan: This planning is a comprehensive process to ensure

detailed information on all Council assets is available and delivery of services from

assets is provided in a financially sustainable manner. The plan defines the

services to be provided, how the services are provided and what funds are

required to provide the services and will inform the Community Strategic Plan and

Long Term Financial Plan

Long Term Financial Plan: This plan models a number of scenarios in the context

of constraints we face in the longer term, providing a sound basis for financial

decision making. The Long Term Financial Plan is a tool that ‘tests’ the

community’s aspirations outlined in the Community Strategic Plan against the

financial reality. It is both a decision-making tool and a problem solving tool

Local Environmental Plan: The Community Strategic Plan sets high level objectives

that relate to land use planning however the Local Environmental Plan maps out the

details of land use planning across the Shire. The Local Environmental Plan is the

principal document for controlling development at a council level.

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Community Engagement Strategy: Council has developed a Community Engagement

Strategy for ongoing engagement with the local community in developing and

reviewing the Community Strategic Plan. Council intends to consult with and inform

the community of its plans on a regular basis .

Integrated Planning and Reporting Framework

Other Strategic Plans

Eg Land Use Strategy

Eg Economic Development Strategy

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Objectives of the Long Term Financial Plan This LTFP covers the 10 year planning period from 2018/19 to 2027/28. The overall objective of the LTFP is to express in financial terms the activities Gilgandra Shire Council proposes to undertake over the short, medium and long term, provide a sound basis for strategic decision making, and guide the future strategies and actions of Council to ensure that it continues to operate in a manner that achieves financial sustainability. Specific objectives of the plan are to:

provide sound forecasts of financial performance and position for a range of planning scenarios that respond to the aspirations of the community

achieve and maintain a sound and stable financial position over the long term identify strategies that support the sustainable provision of services and service levels

identified by the community as expressed in the CSP and DP ensure that Council can meet its financial obligations as and when they fall due ensure that any loans raised to support the achievement of the community aspirations can

be serviced over the term of the loans provide a clear and transparent picture of Council’s long term financial situation to the

community

Financial Sustainability Financial sustainability is a key challenge facing Council and Local Government in general due to several contributing factors including:

increased demand for services beyond those traditionally provided

cost shifting from other levels of government

ageing infrastructure and constraints on revenue growth rate pegging constraints and uncertainty over grant income increased maintenance due to an ageing infrastructure network cost increases in major inputs in excess of the Consumer Price Index (CPI)

The financial modelling underpinning this LTFP confirms that Council can maintain current service levels, ensure existing assets are maintained and renewed as required and the demand for new facilities is met, in the long term given its current and projected level of resourcing. There are a number of financial challenges identified that have emerged over a number of years and can be attributed to:

cost shifting from other levels of Government, with local government being forced to take on increased responsibilities without being provided appropriate funding to meet these additional responsibilities.

significant increases in excess of inflation in a number of major expenditure items such as electricity, insurance and superannuation which have generally not been offset by rate pegging increases.

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the impact of demand for additional facilities and services identified through the development of the CSP.

an identified shortfall in infrastructure renewals expenditure required to maintain infrastructure assets in a satisfactory condition.

Infrastructure Renewals and Backlog

The issue of financial sustainability of local government has been identified as a major issue in a number of State based and National inquiries and studies into the issue over many years. Each has identified a shortfall in infrastructure renewal expenditure and a substantial backlog in infrastructure spending as the major issue facing the industry, primarily due to limited funding opportunities available, coupled with the diverse and increasing demand on Council’s resources. Council has developed asset management plans and indications are that current levels of maintenance and renewals of particularly transport assets fall short of that required to maintain the assets in a satisfactory condition while continuing to extend their useful lives. The asset management plans quantify the level of spending required to maintain existing infrastructure assets and address any infrastructure backlog. This infrastructure challenge places further pressure on Council’s ability to remain financially sustainable in the long term. If left unaddressed, Council’s infrastructure assets will continue to deteriorate at an increasing rate. This will ultimately result in assets failing, the withdrawal of facilities and services, increased maintenance costs as well as increased exposure to risk. Further detail in relation to this issue, including its impacts and associated risks if not addressed are contained in Council’s Asset Management Plans. Council is confident that a planned approach to asset management over the longer term and recent significant increases in funding levels for maintenance and renewal of assets will address the current backlog.

Planning Assumptions The LTFP is based on a number of planning assumptions. These assumptions were used to model and formulate the plan and test a range of scenarios, a process which ultimately formed the basis of the LTFP. The key planning assumptions considered in the development of the LTFP are detailed below. All amounts are shown in real values (2018/19 dollars)

Inflation Consumer Price Index (CPI)

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Forecast CPI at a rate of 3% per annum over the 10 year period is utilised as the inflator for all items of operating revenue and expenditure except for the following items in Council’s financial modelling:

Employee Costs Rate Pegging Investment Returns Election expenses Borrowing Costs Aerodrome Income Land Sales General Rates Water Charges Sewer Charges Domestic Waste Charges Stormwater Charges Grants Capital Works

Employee Costs Employee costs consist of salaries and wages, employee leave entitlements, Council’s contribution to superannuation schemes, workers compensation insurance, fringe benefits tax and employee training costs. Salaries and wages make up the majority of employee cost and combined with employee leave entitlements represent 89% of this expenditure item. The base year (2018/19) employee costs are calculated utilising a zero based budgeting approach, calculating the employee cost for each position in the budgeted staff establishment based on actual rates of pay inflated for known increases in pay rates. The projections include employee on-costs for each employee as well as an allowance for overtime and the impact of vacant positions during the year. As part of its financial strategy, Council sets aside a reserve to enable any ‘spikes’ in employee leave entitlements, particularly resulting from the retirement or resignation of long serving employees, to be funded. The reserve currently represents 30% of total employee entitlement provisions and is forecast to increase to 40% by the end of the 10 year planning period. Rate Pegging Council has budgeted to increase general rates by the 2.3% rate peg limit for 2018/19 A forecast rate peg limit of 3.0% has been used for the remainder of the life of this plan

Investment Returns

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Forecast returns on Council’s investment portfolio are based on the forecast 90 day bank bill rates, plus a small margin to reflect strategic investments in longer term investment products where appropriate. The source for the forecast 90 day bank bill rates is the 4 major Australian banks. Forecast investment returns have been averaged at 3% per year over the life of the plan.

Election Expenses Forecast to cover the cost of Local Government elections in 2020/21 & 2024/25

Borrowing Costs Borrowing costs are forecast to average 4% for the 10 year term. It has been assumed that future loans will be for a 10 year term for larger infrastructure projects and a 5 year term for smaller projects and interest rates will be fixed. The basis of forecast interest rates is detailed in the planning assumptions. Council has been declared “Fit For The Future” as a rural council and now has access to borrowing facilities through The NSW Treasury Corporation. Aerodrome Income Forecast to increase by $10k in 2018/19. Land Sales Forecast revenue from industrial and residential subdivisions based on likely demand on a yearly basis throughout the plan.

General Rates Council currently has 5 general rating categories, being Farmland, Residential Gilgandra, Business Gilgandra, Residential Other and Business Other. Council proposes to continue with its current rating structure of an ad valorem subject to a minimum rate.

Water Supply Charges Council utilises a two part charging structure for the supply of water to Gilgandra and Tooraweenah, being an access charge according to the size of the water service and a usage charge per kilolitre of water used.

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Council uses Best Practice Pricing as directed by the State Government and it is proposed to continue with a two part charging structure under Best Practice Pricing guidelines. Water supply charging has been forecast to increase by 5% per annum for the life of the plan in accordance with Best Practice Pricing and the 30 year operating and capital replacement plan.

Sewer Charges Council utilises a three part charging structure based around an access charge according to the size of the water service, usage charges based on water usage and trade waste charges based on water usage. Council uses Best Practice Pricing as directed by the State Government and, it is proposed to continue with a three part charging structure under Best Practice Pricing guidelines. Sewer services charging has been forecast to increase by 7% per annum for access charges and 7% per annum for usage charges for the life of the plan in accordance with Best Practice Pricing and the 30 year operating and capital replacement plan.

Domestic Waste Management Charges Council’s domestic waste management service comprise of a weekly collection of 240 litre garbage bin and a fortnightly collection of a 240 litre recycling bin. The Local Government Act 1993 requires that Domestic Waste Management Charges must reflect the actual cost of providing those services. Waste Management Charges have been forecast to increase by 3% in 2018/19 and 3% per annum for the remainder of the life of the plan.

Stormwater Charges

Funds generated from this charge are used to fund stormwater backlog works and improve the management of urban stormwater in the local government area. The charge is set by clause 125AA of the Local Government (General) Regulation 2005 and Council has no scope to increase the charge in line with inflation or any other cost increases. It is assumed the charge will remain in place over 10 year planning horizon. These charges are currently $25 per assessment within the Gilgandra urban area and are assumed to remain the same throughout the life of the plan.

Grants

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In 2018/19 a significant increase in grant funding has been budgeted thanks to the introduction of the NSW State Governments Regional Infrastructure and Stronger Communities Grant Funding streams. A conservative approach has been taken in estimating grants and contributions for future years with a prediction of return to normal levels including increases that cater for 3% CPI. Capital Works Council has determined a capital expenditure program that is based on the outcomes of the Community Strategic Plan, asset lifecycle modelling, input from Councillors during financial modelling workshops and community consultation.

The capital expenditure program adopted by Council totals $75 million over the ten year period of the plan. This includes $60 million renewal works. All amounts are shown in real values (2018/19 dollars).

Capital Works Program 2018/19 to 2027/28

Description Year Total 10 Year Cost

Renewals Upgrades/New

Bushfire Issues From 2018/19

$ 2,728,000 $1,800,000 $928,000

Plant Fleet From 2018/19

$8,153,000 $8,153,000

Library Resources

From 2018/19

$ 170,000 $170,000

Community Housing

From 2018/19

$ 200,000 $200,000

Office Furniture and Equipment

From 2018/19

$30,000 $30,000

Offices and Chambers

From 2018/19

$150,000 $150,000

Gilgandra Waste Facility Upgrade

From 2018/19

$600,000 $400,000 $200,000

IT Purchases From 2018/19

$450,000 $450,000

Gilgandra Youth and Citizens Club

From 2018/19

$100,000

$100,000

Lucas Bridge 2020/21 $1,540,000 $1,540,000

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Yarragrin Creek Bridge

2024/25 $820,000 $820,000

Works Depot 2018/19 $2,000,000 $2,000,000

Gilgandra Swimming Pool

From 2018/19 2021/22

$90,000 $200,000

$90,000 $200,000

Stormwater From 2018/19

$600,000

$600,000

Kerb and Gutter From 2018/19

$500,000 $500,000

Gilgandra Cemetery

2020/21 From 2018/19

$73,000 $75,000

$73,000

$75,000

Footpaths and Walk Ways

From 2018/19

$500,000 $400,000 $100,000

Walking Track / Cycle Way

From 2018/19

$300,000 $300,000

Cooee Heritage Centre

From 2018/19

$550,000 $550,000

Engineering Instruments

2019/20 $30,000 $15,000 $15,000

Dog Pound From 2018/19

$150,000 $150,000

Fitness Centre From 2018/19

$100,000 $100,000

Economic Development Strategy

From 2018/19

$100,000 $100,000

Centenary WW1 Armistice

2018/19 $40,000 $40,000

Upgrade of SES / RFS Premises

2018/19 $450,000 $200,000 $250,000

Roads to Recovery

From 2018/19

$8,340,000 $8,340,000

Additional Transport Renewals

From 2018/19

$2,849,000 $2,849,000

Stronger Country Communities Fund

2018/19 2019/20

$1,815,000 $270,000

$1,815,000 $270,000

Admin Building Landscaping

2018/19 $20,000 $20,000

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Admin Building Toilets & Kitchen

2019/20 $100,000 $100,000

Admin Building Planning

2018/19 $25,000 $25,000

Cemetery Columbarium Shade

2018/19 $10,000 $10,000

Growing Local Economies

2018/19 2019/20

$980,000 $4,000,000

$980,000 $4,000,000

Council Rebranding

2018/19 $30,000 $30,000

Inland Rail Ready

2018/19

$2,200,000 $2,200,000

Wrigley Street K & G

2023/24 $1,200,000 $1,200,000

Combined Sports Centre

2018/19 2023/24

$50,000 $5,000,000

$50,000 $5,000,000

Solar Panels for Council Buildings

From 2018/19

$500,000 $500,000

Street Lighting Conversion

2020/21 $600,000 $600,000

Dark Sky Park 2020/21 $10,000 $10,000

Freedom Camping

2021/22 $40,000 $40,000

Cooee Heritage Centre Car Park

2024/25 $30,000 $30,000

Tooraweenah Showground Amenities

2025/26 $400,000 $200,000 $200,000

Public Building Accessibility

From 2019/20

$180,000 $180,000

Walkway from Caravan Park to Jack Renshaw Bridge

2022/23 $40,000 $40,000

Water Supply From 2018/19

$12,515,000 $12,515,000

Sewerage From 2018/19

$8,330,000 $8,330,000

Orana Lifestyle Directions

From 2018/19

$1,925,000 $1,100,000 $825,000

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Carlginda Enterprises

From 2018/19

$ 140,000 $140,000

Cooee Self Care Villa Units

From 2018/19

$375,000 $375,000

Cooee Lodge Aged Care Hostel

From 2018/19

$2,315,000 $2,315,000

Home Care Packages

From 2018/19

$250,000 $250,000

Jack Towney Hostel

From 2018/19

$175,000 $175,000

Bushfire Issues Upgrade and renewal of bushfire plant equipment and infrastructure offset to a large extent by capital grants from the NSW State Government Plant Fleet Renewal and upgrade of Councils plant fleet in line with Councils 10 year plant replacement program. Library Resources Library resource purchases required to meet community demands. Community Housing Small budget to continually renew Councils community housing assets as required. Office Furniture and Equipment Small budget to continually renew administration offices furniture and equipment as required. Offices and Chambers Small budget to continually renew administration offices and Council Chambers buildings as required Gilgandra Waste Facility Upgrade Establish and excavate new landfill site and improvements waste collection and recycling facilities IT Purchases Ongoing renewal expenditure to ensure Councils communication and technology infrastructure meets its business requirements. Gilgandra Youth Club Facilities and Plan Continue with staged planning, design and development to ensure the facilities at the Gilgandra Youth Club meet the needs of the local Community in its various functions including determining the

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feasibility of upgrade of indoor/outdoor basketball facilities. Replacement of Youth Services Vehicles in line with policy. Lucas Bridge (Breelong Balladoran Road) Renewal and upgrade of timber bridge over Castlereagh River. Yarragrin Creek Bridge Replacement of existing structure in very poor condition with an alternative structure to suit traffic movement’s at the same site. Council’s Works Depot Renewal and upgrade of Councils Works Depot store and plant workshop facilities along with a new administration building at the existing depot site in Warren Road Gilgandra. Gilgandra Swimming Pool Renewal works to pool facility with a view to extending its useful life including modernisation of filtration and pump equipment in line with Councils Parks Master Plan. Stormwater Progressive renewal of ageing stormwater infrastructure throughout Gilgandra in line with Councils Asset Management Plan. Kerb and Gutter Progressive renewal of ageing kerb and gutter infrastructure throughout Gilgandra in line with Councils Asset Management Plan Gilgandra Cemetery Replacement of bore and water reticulation system at Gilgandra cemetery. Construction of new plinths in lawn section as required. Footpaths and Walkways Renew existing footpaths as required in line with Council’s Pedestrian Access Mobility Plan (PAMP). Walking Track / Cycle Way Extension of Windmill Walk in line with Councils Pedestrian Access Mobility Plan (PAMP) as RMS partnership funding becomes available Cooee Heritage Centre Upgrade of galleries and displays along with general building asset renewal in line with Councils Cultural Plan as grant funding becomes available to assist. Engineering Instruments Renewal and upgrade of engineering instruments to ensure professional services are able to be delivered.

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Dog Pound Upgrade of outdated facilities at Gilgandra Pound located on Northern Newel Highway entrance to Gilgandra. Fitness Centre Renewal of gym equipment. Economic Development Strategy Development of an economic development strategy and associated actions designed to encourage new businesses to our Shire and support existing businesses. Particular focus on opportunities associated with Inland Rail Ready projects. Centenary of WW1 Armistice A sculpture project at Tooraweenah to commemorate the centenary of World War 1 Armistice. Upgrade of SES / RFS premises Construction of modern premises to replace existing building in poor state of repairs for use by RFS & SES. Roads to Recovery Federal Government funded roads renewal program designed to deliver additional renewal works to Councils transport network on an ongoing basis. Additional Transport Renewals Additional transport asset renewals as a result of additional funds generated by the special rate variation commencing 2014/15. This additional expenditure will be set aside for this purpose on an ongoing basis. Stronger Country Communities Fund

Project Name Budget Details Cost breakdown

McGrane Oval $995,000.00 Lighting - oval, netball & touch fields $365,000.00

Change rooms $95,000.00

Public toilets $35,000.00

Turf wicket $35,000.00

Bins $5,000.00

2 x netball courts $110,000.00

Spectator seating + shade $30,000.00

Alarms $20,000.00

Cricket nets $40,000.00

Remote controlled scoreboard $45,000.00

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Parking $35,000.00

Fencing - oval + perimeter $120,000.00

PA system $20,000.00

Repaint grandstand $40,000.00

$995,000.00


Country Halls Program $240,000.00

Shire Hall - air con, toilets, cladding, kitchen $150,000.00

Toora Hall - façade $30,000.00

Curban hall - piers $30,000.00

Armatree CWA $10,000.00

Gilgandra CWA - kitchen $20,000.00

$240,000.00


Parks Program $240,000.00 Hunter Park - skate park, shade, landscaping, furniture $200,000.00

Tooraweenah Playground $20,000.00

Armatree history board $20,000.00

$240,000.00


Recreation & Community Art $340,000.00 Ernie Knight Oval - irrigation $150,000.00

Spectator & streets seating $60,000.00

Outdoor exercise equipment $50,000.00

McGrane Oval - playground $40,000.00

Silo Art - Gilgandra $40,000.00

$340,000.00


Signage $100,000.00 Town entry signs $75,000.00

McGrane Oval Home sign $5,000.00

Village + Shire signs $20,000.00

$100,000.00


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Town Beautification $150,000.00 Tooraweenah $75,000.00

Armatree $75,000.00

$150,000.00

Growing Local Economies

Planning and development of an industrial subdivision at the Grain Corp South site Road intersection upgrades associated with the Gilgandra Industrial Park & Berakee

Quarry.

Council Rebranding Develop and implement a unified and consistent Gilgandra Shire brand and corporate identity Wrigley Street Renewal Stage 2 Renewal of services including kerb & guttering water supply and associated road works from the Wamboin St intersection to the Miller St intersection Combined Sports Centre Planning for a combined sports centre / precinct at Hunter Park which would include a full size indoor basketball court. This planning will support an application for funding which if/when successful will allow construction to proceed Solar Energy for Council Buildings A staged approach to converting Councils public building infrastructure to solar energy subject to assessment of viability and sourcing of grant funding to assist. Street Lighting Conversion Conversion of street lights in Gilgandra to a more cost effective solution eg LED lighting or alternate energy in a joint project with adjoining Councils Dark Sky Park Council’s commitment to promotion of the Warrumbungle National Park as a “Dark Sky Park” Freedom Camping Initiatives associated with improvements to infrastructure to compliment freedom camping subject to the direction Council takes on this issue Cooee Heritage Centre Car Park

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Renewal of the Cooee Heritage Centre Car Park including reconstruction resurfacing and clear delineation of car parking area and spaces Tooraweenah Showground Amenities Upgrade of amenities in line with the Tooraweenah Showground management plan including new amenities block Council Public Buildings Accessibility Staged upgrading of Councils public buildings to achieve all ability accessibility to Australian standards Walkway from Gilgandra Caravan Park to Jack Renshaw Bridge Walkway to connect the Windmill Walk & CBD to the Gilgandra Caravan Park via Jack Renshaw Bridge Admin Building Landscaping Landscaping of the gardens and entrance to the Administration Building in Warren Road Gilgandra Admin Building Toilets & Kitchen Renewal of the staff Kitchen and Toilet facilities at the Administration Building in Warren Road Gilgandra Planning for Replacement Admin Building Developing concept plans and budgets for the future replacement of the Administration Building in Warren Road Gilgandra Cemetery Columbarium shade Construction of a shade structure over the Columbarium at the Gilgandra Cemetery Inland Rail Ready

Planning and approval process associated with a sand quarry. A potential project with ARTC to provide water infrastructure for the construction phase

of Inland Rail. Wrigley Street Reconstruction Next stage of the reconstruction of Kerb & Gutter Footpaths & Roadworks in Wrigley Street from Wamboin Street to Morris Street Combined Sports Centre Planning for the construction of a combined sports centre to allow grant opportunities to be pursued to allow for future construction of a combined sports centre. It is envisaged that this centre would centralise indoor sporting activities in Gilgandra Solar Panels for Council Buildings A staged approach to the installation of Solar Panels to Council Buildings in priority order based on financial viability

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Street Lighting Conversion Conversion of street lights in the Shire to more a more energy efficient solution eg LED lighting Dark Sky Park Councils contribution to the Dark Sky Park Project for the Warrumbungle National Park Freedom Camping Renewal / Upgrade of amenities to cater for Freedom Campers in the Gilgandra Shire Cooee Heritage Centre Car Park Redesign Renewal and upgrade of the car park area at the Cooee Heritage Centre Council Public Buildings Accessibility A staged approach to improving accessibility to public buildings managed by Council over the next 10 years in order of priority Walkway Caravan Park to Bridge Development of a walking track between the Gilgandra Caravan Park & Jack Renshaw Bridge Water Supply Asset Renewal in line with Councils Water Supply Infrastructure 30 year plan and Asset Management Plan. Sewerage Asset Renewal in line with Councils Water Supply Infrastructure 30 year plan and Asset Management Plan. Orana Living New purpose built housing at 59 Waugan Street to replace existing houses in Gilgandra that do not satisfactorily meet client’s needs and renewal of existing housing assets in order to maintain them at acceptable standards and extend their useful lives. Carlginda Enterprises Renew existing recycling plant and equipment to extend its useful life and ensure facilities are maintained to an acceptable standard to meet the needs of supported employees. Cooee Self Care Villa Units Renew existing building assets in order to maintain them at acceptable standards and extend their useful lives. Cooee Lodge Aged Care Hostel Renewal of existing hostel assets in order to maintain at an acceptable standard and extend their useful life. Includes a major refurbishment of the hostel in 2018/19 Home Care Packages

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Vehicle replacements as required. Jack Towney Hostel Renewal of existing hostel assets in order to maintain at an acceptable standard and extend their useful life.

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Key Financial Indicators

“Fit for the Future” Benchmarks

All Councils in NSW have their performance measured in terms of:

Sustainability

Infrastructure and Service Management; and

Efficiency

Seven specific ratios will be measured, monitored and reported on an ongoing basis:

Sustainability Operating performance Ratio – Core measure of sustainability – indicates council’s capacity

to meet ongoing operating expenditure requirements

Benchmark Greater than or equal to break-even over the longer term – ongoing deficits are unsustainable

Own source revenue – Councils with higher own source revenue have greater ability to

control their own operating performance and financial sustainability

Benchmark Greater than 60% to ensure councils have sufficient flexibility to manage external shocks and challenges

Building & Asset Renewal Ratio – Measures whether council’s assets are deteriorating faster

than they are being renewed – indicator of whether council’s infrastructure backlog is likely to

increase

Benchmark Greater than 100% ensures community assets are managed in a sustainable way

Infrastructure & Service Management Infrastructure Backlog Ratio – Measures how effectively councils are managing their

infrastructure. Increasing backlogs may affect council’s ability to provide services and remain

sustainable

Benchmark Less than 2% ensures infrastructure backlogs are at manageable levels

Asset Maintenance Ratio – Measures whether council is spending enough on maintaining its

assets to avoid increasing its infrastructure backlog

Benchmark Greater than 100% ensures councils infrastructure position is not deteriorating

Debt Service Ratio – Indicates whether council is using debt wisely to share the life long cost

of assets and avoid excessive rate increases

Benchmark

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Greater than 0% and less than or equal to 20% - it is appropriate that councils should carry some level of debt to ensure inter-generational equity in funding major infrastructure

Efficiency Real Operating Expenditure per capita – Indicates how well councils are utilising economies

of scale and managing service levels to achieve efficiencies

Benchmark Focuses on each council’s individual performance over time, rather than comparing with

others. A decrease in real expenditure per capita indicates improved efficiency (all things

being equal)

Sensitivity Analysis The LTFP is based on a number of underlying assumptions. Sensitivity analysis identifies the impact on Council’s financial position of changes in these assumptions and highlights the factors most likely to affect the outcomes of the plan. Sensitivity analysis looks at ‘what if’ scenarios. For example, what happens to Council’s financial position if salary and wages increases are 1% higher than forecast; growth is half that forecast, or investment returns are 1% less than forecast in plan. The major underlying assumptions underpinning the LTFP have been subject to sensitivity analysis which has identified the following impacts: Inflation The impact of a 1% increase in inflation each year, including CPI and salary and wages inflation, was modelled and resulted in a $2 m reduction in the unrestricted cash and investment balance or $1.5 m (assuming the increase will increase other charges and revenues but with no flow on effect of increased inflation to the rate pegging increase). Rate Pegging The impact of a 1% reduction in rate pegging each year was modelled. The analysis indicated that the unrestricted cash and investment balance would be reduced by $1.9 m at the end of 10 years. Investment Returns

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The impact of a reduction in investment returns of 1% was modelled and the analysis indicated that the unrestricted cash and investment balance would be reduced by $250,000 at the end of 10 year. Loan Interest Rates The impact of a 1% increase in loan interest rates was modelled which indicated that unrestricted cash and investments would reduce by $300,000. Workers Compensation Insurance Council has a focus on minimising the risk of incidents in the workplace which may lead to workers compensation claims. However, incidents do occur and the nature and impact of claims is difficult to predict. This can lead to significant fluctuations in premium payments from year to year. Productivity Improvements As previously indicated the financial projections are based on continuing to secure productivity improvements that will defray the impact of unexpected increases in operating expenditures. Council is continuing a process to review all services in terms of cost effectiveness and it is anticipated that this review will continue throughout future terms of Council.

Financial Strategies Underpinning the LTFP

This LTFP identifies possible strategies to address the financial challenges identified and ensure Council is financially sustainable into the future. The key strategies underpinning the LTFP are:

achieving balanced cash budgets maintaining a sound financial position maintaining a positive unrestricted cash and investment balance maintaining service levels at a sustainable level progressively increasing funding for asset maintenance and renewal maintaining a fair and equitable rating structure

Without the implementation of appropriate financial strategies, Council is clearly not financially sustainable in the long term and as a result, the community aspirations identified and articulated in the CSP will not be able to be achieved.

Identifying Budget Expenditure Reductions

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In response to the financial challenges highlighted in this LTFP each department within Council will undertake an ongoing annual review of its current activities and service levels to identify possible opportunities to reduce budget expenditures without significant reductions in service levels. Productivity Improvements & Initiatives The continued pursuit of productivity improvements over the period of the plan is a critical component of the strategy developed to deliver financial sustainability. As previously indicated, Gilgandra Shire Council is committed to a process of continuous improvement and organisational development and this process will continue to deliver productivity improvements that will contribute to addressing unexpected funding gaps that may occur.

Loan Funding The financial strategies developed to deliver financial sustainability include the utilisation of a number of funding sources to fund new capital works. The funding sources include a combination of rates revenue, reserves, grants and other third party contributions. In addition to the above sources of funds, the use of loan funds is proposed to fund, or part fund, long lived infrastructure assets where it can be displayed that the loans can be serviced over the period of the loan and that Council’s targeted maximum debt service ratio is not exceeded. The use of loans spreads the financing cost of an asset over a long period of time and provides an alternative to a larger increase in rates in the short to medium term to meet the demand for additional facilities and other required capital works. Long lived assets are utilised by current users as well as future users. The use of loans enables the cost of long lived assets to be shared between current and future users and therefore supports the concept of intergenerational equity. As part of the “Fit For The Future” process The NSW State Government has set a benchmark debt service ratio of between 0 and 20%. Recognising the risk associated with high levels of debt, particularly in economically uncertain times, Council has set a target maximum debt service ratio of 5% in its Loan Repayment Level Policy. Projections for the period of this LTFP are generally below this limit.

27

Financial Modelling In preparing this LTFP, Council has carried out detailed financial modelling to inform the community of the financial implications of the outcomes and strategies outlined in the Community Strategic Plan and associated actions detailed in Councils Delivery Program.

Key Elements

Capital Works Program of $75m including $60m asset renewals

Borrowings sourced for Capital Projects with intergenerational benefits within Council’s debt service ratio policy

General Rate Revenue increased by rate pegging for the life of this plan.

Water Charges increased by 5% per annum over the life of the plan.

Sewer Charges increased by 7% per annum over the life of the plan.

All amounts are shown in real values (2018/19 dollars)

28

Appendix 1

Financial Modelling Outputs

The following financial modelling outputs are provided:

Projected Income & Expenditure Statement

Projected Cash Flow Statement Projected Balance Sheet

Key Financial Indicators and Supporting Financial Strategies

29

ALL COUNCIL

PROJECTED INCOME & EXPENDITURE STATEMENT10 Year Period 2018/19 to 2027/28

FORECAST FORECAST FORECAST FORECAST FORECAST FORECAST FORECAST FORECAST FORECAST FORECAST

2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28

Income from Continuing Operations

Rates & Annual Charges 6,097,790 6,306,507 6,523,183 6,748,169 6,981,832 7,224,557 7,476,752 7,738,843 8,011,281 8,294,538

User Charges & Fees 12,606,152 13,567,112 13,442,594 13,883,177 14,339,463 14,817,085 15,306,720 15,814,045 16,339,787 16,884,705

Interest & Investment Revenue 554,734 571,376 588,517 606,173 624,358 643,089 662,381 682,253 702,720 723,802

Other Revenues 831,279 851,746 873,249 895,396 922,258 949,926 978,424 1,007,777 1,038,010 1,069,150

Grants & Contributions provided for Operating Purposes 6,950,471 7,149,875 7,342,281 7,553,042 7,769,834 7,994,915 8,232,415 8,477,712 8,732,479 8,994,910

Grants & Contributions provided for Capital Purposes 5,947,732 4,630,252 1,437,413 414,985 5,882,784 10,390,818 1,314,093 307,615 1,681,394 325,436

Net gains from disposal of assets 0 0 0 0 0 0 0 0 0 0

Total Income from Continuing Operations 32,988,158 33,076,867 30,207,237 30,100,942 36,520,529 42,020,390 33,970,785 34,028,245 36,505,670 36,292,541

Expenses from Continuing Operations

Employee Costs 13,963,897 14,349,652 14,744,534 15,209,326 15,643,418 16,135,206 16,590,574 17,082,263 17,588,702 18,110,334

Borrowing Costs 247,214 222,043 241,137 210,387 178,282 144,462 129,613 130,885 111,016 138,661

Materials & Contracts 6,210,279 6,332,936 6,488,744 6,746,516 6,883,771 7,119,164 7,302,649 7,551,639 7,748,097 7,979,787

Depreciation & Amortisation 4,423,089 4,423,343 4,423,604 4,423,874 4,424,151 4,424,437 4,424,731 4,425,034 4,425,346 4,425,668

Other Expenses 2,003,145 2,063,239 2,155,137 2,188,891 2,254,557 2,322,194 2,426,860 2,463,616 2,537,524 2,613,650

Net losses from disposal of assets 0 0 0 0 0 0 0 0 0 0

Total Expenses from Continuing Operations 26,847,624 27,391,213 28,053,156 28,778,993 29,384,180 30,145,463 30,874,427 31,653,436 32,410,686 33,268,100

NET OPERATING RESULT FOR THE YEAR 6,140,534 5,685,654 2,154,081 1,321,949 7,136,350 11,874,927 3,096,358 2,374,809 4,094,985 3,024,440

Net Operating Result before capital grants & contributions 192,802 1,055,402 716,668 906,964 1,253,565 1,484,109 1,782,266 2,067,194 2,413,591 2,699,005

30

ALL COUNCIL

PROJECTED BALANCE SHEET10 Year Period 2018/19 to 2027/28


2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28

ASSETS

Current Assets

Cash & Cash Equivalents 20,236,115 19,509,683 19,157,353 19,219,090 19,819,550 24,349,044 25,506,423 27,217,627 28,747,981 30,996,280

Receivables 2,074,394 2,074,394 2,074,394 2,074,394 2,074,394 2,074,394 2,074,394 2,074,394 2,074,394 2,074,394

Inventories 1,510,593 1,484,593 1,302,593 1,274,593 1,136,593 1,062,593 1,049,593 1,036,593 1,023,593 1,010,593

Total Current Assets 23,821,102 23,068,670 22,534,340 22,568,077 23,030,537 27,486,031 28,630,410 30,328,614 31,845,968 34,081,267

Non Current Assets

Investments 0 0 0 0 0 0 0 0 0 0

Receivables 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000

Infrastructure, Property, Plant & Equipment 290,184,815 296,017,635 299,092,476 299,668,439 308,138,283 314,974,613 317,031,719 317,183,856 320,600,847 320,927,464

Total Non Current Assets 290,384,815 296,217,635 299,292,476 299,868,439 308,338,283 315,174,613 317,231,719 317,383,856 320,800,847 321,127,464

TOTAL ASSETS 314,205,917 319,286,304 321,826,816 322,436,516 331,368,820 342,660,644 345,862,130 347,712,470 352,646,816 355,208,731

LIABILITIES

Current Liabilities

Payables 11,708,490 11,708,490 11,708,490 11,708,490 11,708,490 11,708,490 11,708,490 11,708,490 11,708,490 11,708,490

Overdraft Facil ity 0 0 0 0 0 0 0 0 0 0

Borrowings 605,267 683,569 712,248 704,046 583,103 599,873 524,469 525,639 462,525 432,015

Provisions 3,174,000 3,174,000 3,174,000 3,174,000 3,174,000 3,174,000 3,174,000 3,174,000 3,174,000 3,174,000

Total Current Liabilities 15,487,757 15,566,059 15,594,738 15,586,536 15,465,593 15,482,363 15,406,959 15,408,129 15,345,015 15,314,505

Non Current Liabilities

Borrowings 4,096,692 3,413,123 3,770,875 3,066,829 4,983,726 4,383,853 4,564,384 4,038,745 4,941,220 4,509,205

Provisions 694,000 694,000 694,000 694,000 694,000 694,000 694,000 694,000 694,000 694,000

Total Non Current Liabilities 4,790,692 4,107,123 4,464,875 3,760,829 5,677,726 5,077,853 5,258,384 4,732,745 5,635,220 5,203,205

TOTAL LIABILITIES 20,278,449 19,673,182 20,059,613 19,347,365 21,143,319 20,560,216 20,665,343 20,140,874 20,980,235 20,517,710

NET ASSETS 293,927,468 299,613,122 301,767,203 303,089,151 310,225,501 322,100,428 325,196,787 327,571,596 331,666,581 334,691,021

EQUITY

Retained Earnings 87,633,019 93,318,673 95,472,754 96,794,702 103,931,052 115,805,979 118,902,337 121,277,147 125,372,131 128,396,572

Revaluation Reserves 205,571,000 205,571,000 205,571,000 205,571,000 205,571,000 205,571,000 205,571,000 205,571,000 205,571,000 205,571,000

TOTAL EQUITY 293,204,019 298,889,673 301,043,754 302,365,702 309,502,052 321,376,979 324,473,337 326,848,147 330,943,131 333,967,572

31

ALL COUNCIL

PROJECTED CASH FLOW STATEMENT10 Year Period 2018/19 to 2027/28


2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28

Cash Flows from Operating Activities

Receipts:




Grants & Contributions 12,898,203 11,780,127 8,779,693 7,968,027 13,652,618 18,385,733 9,546,508 8,785,328 10,413,873 9,320,345

Other 831,279 851,746 873,249 895,396 922,258 949,926 978,424 1,007,777 1,038,010 1,069,150

Payments:

Employee Costs -13,963,897 -14,349,652 -14,744,534 -15,209,326 -15,643,418 -16,135,206 -16,590,574 -17,082,263 -17,588,702 -18,110,334

Materials & Contracts -6,166,279 -6,306,936 -6,306,744 -6,718,516 -6,745,771 -7,045,164 -7,289,649 -7,538,639 -7,735,097 -7,966,787

Borrowing Costs -247,214 -222,043 -241,137 -210,387 -178,282 -144,462 -129,613 -130,885 -111,016 -138,661

Other -2,003,145 -2,063,239 -2,155,137 -2,188,891 -2,254,557 -2,322,194 -2,426,860 -2,463,616 -2,537,524 -2,613,650

Net Cash provided (or used in) Operating Activities 10,607,623 10,134,997 6,759,685 5,773,822 11,698,501 16,373,364 7,534,089 6,812,843 8,533,331 7,463,108

Cash Flows from Investing Activities

Receipts:

Sale of Investment Securities 0 0 0 0 0 0 0 0 0 0

Sale of Real Estate Assets 0 0 0 0 0 0 0 0 0 0

Sale of Infrastructure, Property, Plant & Equipment 561,200 372,000 589,400 481,900 348,200 449,800 429,800 429,800 429,800 449,800

Deferred Debtors Receipts 0 0 0 0 0 0 0 0 0 0

Payments:

Purchase of Investment Securities 0 0 0 0 0 0 0 0 0 0

Purchase of Real Estate Assets 0 0 0 0 0 0 0 0 0 0

Purchase of Infrastructure, Property, Plant & Equipment -14,613,104 -10,628,162 -8,087,845 -5,481,738 -13,242,195 -11,710,567 -6,911,637 -5,006,971 -8,272,137 -5,202,085

Net Cash provided (or used in) Investing Activities -14,051,904 -10,256,162 -7,498,445 -4,999,838 -12,893,995 -11,260,767 -6,481,837 -4,577,171 -7,842,337 -4,752,285

Cash Flows from Financing Activities

Receipts:

Proceeds from Borrowings & Advances 2,150,000 0 1,070,000 0 2,500,000 0 705,000 0 1,365,000 0

Proceeds from Retirement Complex Contributions 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000

Payments:

Repayment of Borrowings & Advances -580,181 -605,267 -683,569 -712,248 -704,046 -583,103 -599,873 -524,469 -525,639 -462,525

Repayment of Retirement Complex Contributions -1,000,000 -1,000,000 -1,000,000 -1,000,000 -1,000,000 -1,000,000 -1,000,000 -1,000,000 -1,000,000 -1,000,000

Net Cash provided (or used in) Investing Activities 1,569,819 -605,267 386,431 -712,248 1,795,954 -583,103 105,127 -524,469 839,361 -462,525

NET INCREASE / (DECREASE) IN CASH & EQUIVALENTS -1,874,462 -726,432 -352,329 61,737 600,460 4,529,494 1,157,379 1,711,203 1,530,355 2,248,298

plus Cash & Equivalents at beginning of year 22,110,577 20,236,115 19,509,683 19,157,353 19,219,090 19,819,550 24,349,044 25,506,423 27,217,627 28,747,981

CASH & EQUIVALENTS AT YEAR END 20,236,115 19,509,683 19,157,353 19,219,090 19,819,550 24,349,044 25,506,423 27,217,627 28,747,981 30,996,280

plus Investments on hand at year end 0 0 0 0 0 0 0 0 0 0

TOTAL CASH, EQUIVALENTS & INVESTMENTS 20,236,115 19,509,683 19,157,353 19,219,090 19,819,550 24,349,044 25,506,423 27,217,627 28,747,981 30,996,280

32

ALL COUNCIL

PROJECTED KEY FINANCIAL INDICATORS10 Year Period 2018/19 to 2027/28


2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28

Operating Performance Ratio 0.58% 3.19% 2.37% 3.01% 3.43% 3.53% 5.25% 6.07% 6.61% 7.44%

Achieve better than 0%

Own Source Revenue Ratio 60.90% 64.39% 70.94% 73.53% 62.62% 56.25% 71.90% 74.18% 71.47% 74.32%


Building & Asset Renewals Ratio 293.09% 116.85% 170.00% 111.87% 357.72% 145.53% 151.44% 103.31% 200.41% 107.33%


Infrastructure Backlog Ratio 2.05% 2.11% 2.07% 2.22% 1.96% 1.94% 1.94% 1.90% 1.98% 1.81%

Achieve less than 2%

Asset Maintenance Ratio 74.63% 75.09% 75.83% 76.57% 77.32% 78.08% 78.84% 79.62% 80.40% 81.18%


Debt Service Ratio 3.47% 3.29% 3.64% 3.52% 3.26% 2.60% 2.52% 2.20% 2.06% 1.89%

Achieve greater than 0% but less than 20%

Real Operating Expenditure 598.21% 592.54% 589.19% 586.83% 581.72% 579.41% 576.13% 573.47% 570.08% 568.12%

Achieve a decrease over time

KEY SUPPORTING FINANCIAL STRATEGIES

Forecast Rate Increases 2.30% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%

Proposed Additional Rate Increases 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Loans Raised 2,150,000 0 1,070,000 0 2,500,000 0 705,000 0 1,365,000 0

Increase above CPI in Rural Roads Expenditure 675,305 695,564 716,431 737,924 760,062 782,864 806,350 830,540 855,457 881,120

Increase in Rural Roads Renewls Expenditure 421,070 433,702 446,713 460,115 473,918 488,136 502,780 517,863 533,399 549,401

33

GENERAL FUND



2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28





Other Revenues 365,943 372,450 379,574 386,911 398,519 410,474 422,788 435,472 448,536 461,992


Grants & Contributions provided for Capital Purposes 5,947,732 4,630,252 1,437,413 414,985 382,784 10,390,818 1,314,093 307,615 316,394 325,436




Employee Costs 6,309,828 6,465,960 6,624,332 6,845,518 7,028,695 7,262,042 7,451,215 7,668,723 7,892,756 8,123,510

Borrowing Costs 214,616 193,973 217,724 192,093 165,160 136,753 127,013 105,885 88,004 70,573



Other Expenses 1,479,431 1,523,814 1,599,528 1,616,614 1,665,113 1,715,066 1,801,518 1,819,514 1,874,099 1,930,322



NET OPERATING RESULT FOR THE YEAR 5,764,469 4,654,413 1,573,455 621,751 808,805 10,911,075 1,986,675 1,136,579 1,326,500 1,491,794

Net Operating Result before capital grants & contributions -183,263 24,161 136,042 206,766 426,021 520,257 672,582 828,963 1,010,106 1,166,359

35

GENERAL FUND



2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28

ASSETS

Current Assets


Receivables 1,632,197 1,632,197 1,632,197 1,632,197 1,632,197 1,632,197 1,632,197 1,632,197 1,632,197 1,632,197

Inventories 1,498,340 1,472,340 1,290,340 1,262,340 1,124,340 1,050,340 1,037,340 1,024,340 1,011,340 998,340


Non Current Assets

Investments 0 0 0 0 0 0 0 0 0 0

Receivables 145,000 145,000 145,000 145,000 145,000 145,000 145,000 145,000 145,000 145,000



TOTAL ASSETS 250,068,801 254,221,907 256,290,414 256,313,600 256,537,195 266,989,470 268,670,268 269,340,828 270,183,428 271,327,106

LIABILITIES

Current Liabilities

Payables 1,171,331 1,171,331 1,171,331 1,171,331 1,171,331 1,171,331 1,171,331 1,171,331 1,171,331 1,171,331


Borrowings 501,307 574,948 598,565 585,210 458,800 510,877 466,019 483,859 348,117 313,136

Provisions 3,174,000 3,174,000 3,174,000 3,174,000 3,174,000 3,174,000 3,174,000 3,174,000 3,174,000 3,174,000



Borrowings 3,525,904 2,950,956 3,422,391 2,837,181 2,378,381 1,867,504 1,606,485 1,122,626 774,469 461,333

Provisions 694,000 694,000 694,000 694,000 694,000 694,000 694,000 694,000 694,000 694,000

Total Non Current Liabilities 4,219,904 3,644,956 4,116,391 3,531,181 3,072,381 2,561,504 2,300,485 1,816,626 1,468,469 1,155,333


NET ASSETS 241,002,259 245,656,672 247,230,127 247,851,878 248,660,683 259,571,758 261,558,433 262,695,012 264,021,511 265,513,306

EQUITY



TOTAL EQUITY 240,471,450 245,125,863 246,699,318 247,321,069 248,129,874 259,040,949 261,027,624 262,164,203 263,490,702 264,982,497

36

GENERAL FUND



2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28


Receipts:





Other 365,943 372,450 379,574 386,911 398,519 410,474 422,788 435,472 448,536 461,992

Payments:

Employee Costs -6,309,828 -6,465,960 -6,624,332 -6,845,518 -7,028,695 -7,262,042 -7,451,215 -7,668,723 -7,892,756 -8,123,510


Borrowing Costs -214,616 -193,973 -217,724 -192,093 -165,160 -136,753 -127,013 -105,885 -88,004 -70,573

Other -1,479,431 -1,523,814 -1,599,528 -1,616,614 -1,665,113 -1,715,066 -1,801,518 -1,819,514 -1,874,099 -1,930,322



Receipts:





Payments:






Receipts:

Proceeds from Borrowings & Advances 2,150,000 0 1,070,000 0 0 0 205,000 0 0 0

Proceeds from Retirement Complex Contributions 0 0 0 0 0 0 0 0 0 0

Payments:


Repayment of Retirement Complex Contributions 0 0 0 0 0 0 0 0 0 0

Net Cash provided (or used in) Investing Activities 1,669,333 -501,307 495,052 -598,565 -585,210 -458,800 -305,877 -466,019 -483,899 -348,117

NET INCREASE / (DECREASE) IN CASH & EQUIVALENTS -810,749 -127,203 -198,586 -250,799 263,454 4,027,361 404,314 536,241 128,116 672,745





37

GENERAL FUND



2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28

Operating Performance Ratio -1.20% 0.15% 0.84% 1.24% 2.48% 2.94% 3.69% 4.42% 5.22% 5.86%

















Loans Raised 2,150,000 0 1,070,000 0 0 0 205,000 0 0 0



38

WATER SUPPLY



2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28


Rates & Annual Charges 399,196 419,294 440,400 462,566 485,845 510,292 535,967 562,930 591,246 620,982

User Charges & Fees 606,799 636,906 668,512 701,690 736,521 773,085 811,469 851,765 894,067 938,475


Other Revenues 0 0 0 0 0 0 0 0 0 0

Grants & Contributions provided for Operating Purposes 24,681 24,000 23,214 22,412 21,542 20,949 21,251 21,752 22,840 23,982

Grants & Contributions provided for Capital Purposes 0 0 0 0 5,500,000 0 0 0 0 0




Employee Costs 242,791 250,074 257,577 265,304 273,263 281,461 289,905 298,602 307,560 316,787

Borrowing Costs 17,113 14,689 12,063 9,268 6,372 3,323 684 25,000 23,012 20,925

Materials & Contracts 326,054 335,836 345,911 356,288 366,977 377,986 389,326 401,006 413,036 425,427

Depreciation & Amortisation 473,860 473,860 473,860 473,860 473,860 473,860 473,860 473,860 473,860 473,860

Other Expenses 181,176 186,611 192,210 197,976 203,915 210,033 216,334 222,824 229,508 236,394



NET OPERATING RESULT FOR THE YEAR -131,077 -99,253 -65,428 -29,439 5,508,706 49,525 93,196 112,612 161,556 213,439

Net Operating Result before capital grants & contributions -131,077 -99,253 -65,428 -29,439 8,706 49,525 93,196 112,612 161,556 213,439

39

WATER SUPPLY



2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28

ASSETS

Current Assets


Receivables 273,000 273,000 273,000 273,000 273,000 273,000 273,000 273,000 273,000 273,000

Inventories 0 0 0 0 0 0 0 0 0 0


Non Current Assets

Investments 0 0 0 0 0 0 0 0 0 0

Receivables 36,000 36,000 36,000 36,000 36,000 36,000 36,000 36,000 36,000 36,000



TOTAL ASSETS 17,752,743 17,603,570 17,485,596 17,400,816 25,351,285 25,339,447 25,909,038 25,981,898 26,101,714 26,271,325

LIABILITIES

Current Liabilities

Payables 94,000 94,000 94,000 94,000 94,000 94,000 94,000 94,000 94,000 94,000


Borrowings 49,920 52,546 55,341 58,238 61,363 23,605 39,752 41,740 43,827 46,018

Provisions 0 0 0 0 0 0 0 0 0 0

Total Current Liabilities 143,920 146,546 149,341 152,238 155,363 117,605 133,752 135,740 137,827 140,018


Borrowings 248,704 196,158 140,817 82,579 2,521,216 2,497,611 2,957,859 2,916,119 2,872,292 2,826,274

Provisions 0 0 0 0 0 0 0 0 0 0

Total Non Current Liabilities 248,704 196,158 140,817 82,579 2,521,216 2,497,611 2,957,859 2,916,119 2,872,292 2,826,274

TOTAL LIABILITIES 392,624 342,704 290,158 234,817 2,676,579 2,615,216 3,091,611 3,051,859 3,010,119 2,966,292

NET ASSETS 17,360,119 17,260,866 17,195,438 17,165,999 22,674,706 22,724,231 22,817,427 22,930,039 23,091,595 23,305,033

EQUITY



TOTAL EQUITY 17,360,119 17,260,866 17,195,438 17,165,999 22,674,706 22,724,231 22,817,427 22,930,039 23,091,595 23,305,033

40

WATER SUPPLY



2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28


Receipts:




Grants & Contributions 24,681 24,000 23,214 22,412 5,521,542 20,949 21,251 21,752 22,840 23,982

Other 0 0 0 0 0 0 0 0 0 0

Payments:

Employee Costs -242,791 -250,074 -257,577 -265,304 -273,263 -281,461 -289,905 -298,602 -307,560 -316,787

Materials & Contracts -326,054 -335,836 -345,911 -356,288 -366,977 -377,986 -389,326 -401,006 -413,036 -425,427

Borrowing Costs -17,113 -14,689 -12,063 -9,268 -6,372 -3,323 -684 -25,000 -23,012 -20,925

Other -181,176 -186,611 -192,210 -197,976 -203,915 -210,033 -216,334 -222,824 -229,508 -236,394

Net Cash provided (or used in) Operating Activities 342,783 374,607 408,432 444,421 5,982,566 523,385 567,056 586,472 635,416 687,299


Receipts:



Sale of Infrastructure, Property, Plant & Equipment 0 0 0 0 0 0 0 0 0 0


Payments:



Purchase of Infrastructure, Property, Plant & Equipment -612,500 -435,000 -397,500 -396,000 -8,328,000 -540,000 -1,162,500 -244,000 -226,000 -173,500

Net Cash provided (or used in) Investing Activities -612,500 -435,000 -397,500 -396,000 -8,328,000 -540,000 -1,162,500 -244,000 -226,000 -173,500


Receipts:

Proceeds from Borrowings & Advances 0 0 0 0 2,500,000 0 500,000 0 0 0


Payments:



Net Cash provided (or used in) Investing Activities -47,496 -49,920 -52,546 -55,341 2,441,762 -61,363 476,395 -39,752 -41,740 -43,827

NET INCREASE / (DECREASE) IN CASH & EQUIVALENTS -317,213 -110,313 -41,614 -6,920 96,328 -77,978 -119,049 302,720 367,676 469,972





41

WATER SUPPLY



2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28

Operating Performance Ratio -11.81% -8.54% -5.38% -2.31% 0.13% 3.55% 6.37% 7.34% 10.04% 12.65%

















Loans Raised 0 0 0 0 2,500,000 0 500,000 0 0 0

Increase above CPI in Rural Roads Expenditure 0 0 0 0 0 0 0 0 0 0

Increase in Rural Roads Renewls Expenditure 0 0 0 0 0 0 0 0 0 0

42

SEWERAGE SERVICES



2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28



User Charges & Fees 588,729 629,228 672,541 718,863 768,405 821,392 878,064 938,679 1,003,510 1,072,854


Other Revenues 0 0 0 0 0 0 0 0 0 0


Grants & Contributions provided for Capital Purposes 0 0 0 0 0 0 0 0 1,365,000 0




Employee Costs 290,222 298,928 307,896 317,133 326,647 336,446 346,540 356,936 367,644 378,673

Borrowing Costs 4,467 3,823 3,243 2,579 1,929 1,253 547 0 0 47,163



Other Expenses 99,743 102,735 105,817 108,992 112,262 115,629 119,098 122,671 126,351 130,142


Total Expenses from Continuing Operations 948,007 966,924 986,493 1,006,581 1,027,307 1,048,647 1,070,618 1,093,429 1,117,487 1,189,430

NET OPERATING RESULT FOR THE YEAR 123,160 177,116 235,502 298,791 367,231 441,287 521,358 607,843 2,066,137 754,709

Net Operating Result before capital grants & contributions 123,160 177,116 235,502 298,791 367,231 441,287 521,358 607,843 701,137 754,709

43

SEWERAGE SERVICES



2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28

ASSETS

Current Assets

Cash & Cash Equivalents 1,146,102 1,069,690 689,080 711,152 535,034 703,317 1,042,992 1,362,628 1,966,258 2,496,878

Receivables 52,000 52,000 52,000 52,000 52,000 52,000 52,000 52,000 52,000 52,000

Inventories 0 0 0 0 0 0 0 0 0 0

Total Current Assets 1,198,102 1,121,690 741,080 763,152 587,034 755,317 1,094,992 1,414,628 2,018,258 2,548,878

Non Current Assets

Investments 0 0 0 0 0 0 0 0 0 0

Receivables 19,000 19,000 19,000 19,000 19,000 19,000 19,000 19,000 19,000 19,000



TOTAL ASSETS 14,960,610 15,122,706 15,342,604 15,625,184 15,975,574 16,399,365 16,902,548 17,491,692 20,922,830 21,606,958

LIABILITIES

Current Liabilities

Payables 13,000 13,000 13,000 13,000 13,000 13,000 13,000 13,000 13,000 13,000


Borrowings 15,020 15,604 16,211 16,841 17,495 18,175 18,698 40 70,581 72,861

Provisions 0 0 0 0 0 0 0 0 0 0



Borrowings 103,064 87,460 71,249 54,408 36,913 18,738 40 0 1,294,459 1,221,598

Provisions 0 0 0 0 0 0 0 0 0 0

Total Non Current Liabilities 103,064 87,460 71,249 54,408 36,913 18,738 40 0 1,294,459 1,221,598

TOTAL LIABILITIES 131,084 116,064 100,460 84,249 67,408 49,913 31,738 13,040 1,378,040 1,307,459

NET ASSETS 14,829,526 15,006,642 15,242,144 15,540,935 15,908,166 16,349,452 16,870,810 17,478,652 19,544,790 20,299,499

EQUITY



TOTAL EQUITY 14,829,526 15,006,642 15,242,144 15,540,935 15,908,166 16,349,452 16,870,810 17,478,652 19,544,790 20,299,499

44

SEWERAGE SERVICES



2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28


Receipts:


User Charges & Fees 588,729 629,228 672,541 718,863 768,405 821,392 878,064 938,679 1,003,510 1,072,854


Grants & Contributions 19,947 19,986 20,031 20,069 20,084 20,115 20,141 20,305 1,385,914 21,542

Other 0 0 0 0 0 0 0 0 0 0

Payments:

Employee Costs -290,222 -298,928 -307,896 -317,133 -326,647 -336,446 -346,540 -356,936 -367,644 -378,673


Borrowing Costs -4,467 -3,823 -3,243 -2,579 -1,929 -1,253 -547 0 0 -47,163

Other -99,743 -102,735 -105,817 -108,992 -112,262 -115,629 -119,098 -122,671 -126,351 -130,142

Net Cash provided (or used in) Operating Activities 414,652 468,608 526,994 590,283 658,723 732,779 812,850 899,335 2,357,629 1,046,201


Receipts:





Payments:



Purchase of Infrastructure, Property, Plant & Equipment -411,000 -530,000 -892,000 -552,000 -818,000 -547,000 -455,000 -561,000 -3,119,000 -445,000

Net Cash provided (or used in) Investing Activities -411,000 -530,000 -892,000 -552,000 -818,000 -547,000 -455,000 -561,000 -3,119,000 -445,000


Receipts:

Proceeds from Borrowings & Advances 0 0 0 0 0 0 0 0 1,365,000 0


Payments:

Repayment of Borrowings & Advances -14,458 -15,020 -15,604 -16,211 -16,841 -17,495 -18,175 -18,698 0 -70,581


Net Cash provided (or used in) Investing Activities -14,458 -15,020 -15,604 -16,211 -16,841 -17,495 -18,175 -18,698 1,365,000 -70,581

NET INCREASE / (DECREASE) IN CASH & EQUIVALENTS -10,806 -76,412 -380,610 22,072 -176,118 168,284 339,675 319,637 603,629 530,620

plus Cash & Equivalents at beginning of year 1,156,908 1,146,102 1,069,690 689,080 711,152 535,034 703,317 1,042,992 1,362,628 1,966,258

CASH & EQUIVALENTS AT YEAR END 1,146,102 1,069,690 689,080 711,152 535,034 703,317 1,042,992 1,362,628 1,966,258 2,496,878


TOTAL CASH, EQUIVALENTS & INVESTMENTS 1,146,102 1,069,690 689,080 711,152 535,034 703,317 1,042,992 1,362,628 1,966,258 2,496,878

45

SEWERAGE SERVICES



2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28


















Loans Raised 0 0 0 0 0 0 0 0 0 0



46

ORANA LIVING



2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28


Rates & Annual Charges 0 0 0 0 0 0 0 0 0 0



Other Revenues 0 0 0 0 0 0 0 0 0 0

Grants & Contributions provided for Operating Purposes 0 0 0 0 0 0 0 0 0 0

Grants & Contributions provided for Capital Purposes 0 0 0 0 0 0 0 0 0 0




Employee Costs 3,633,273 3,742,271 3,854,539 3,970,176 4,089,281 4,211,959 4,338,318 4,468,468 4,602,522 4,740,597

Borrowing Costs 0 0 0 0 0 0 0 0 0 0



Other Expenses 50,142 51,646 53,196 54,792 56,435 58,128 59,872 61,668 63,518 65,424



NET OPERATING RESULT FOR THE YEAR 76,454 630,396 84,456 88,638 92,946 97,382 101,952 106,659 111,507 116,501


47

ORANA LIVING



2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28

ASSETS

Current Assets


Receivables 47,073 47,073 47,073 47,073 47,073 47,073 47,073 47,073 47,073 47,073

Inventories 0 0 0 0 0 0 0 0 0 0


Non Current Assets

Investments 0 0 0 0 0 0 0 0 0 0

Receivables 0 0 0 0 0 0 0 0 0 0



TOTAL ASSETS 3,804,511 4,434,907 4,519,363 4,608,001 4,700,947 4,798,329 4,900,281 5,006,940 5,118,447 5,234,948

LIABILITIES

Current Liabilities

Payables 47,006 47,006 47,006 47,006 47,006 47,006 47,006 47,006 47,006 47,006


Borrowings 0 0 0 0 0 0 0 0 0 0

Provisions 0 0 0 0 0 0 0 0 0 0



Borrowings 0 0 0 0 0 0 0 0 0 0

Provisions 0 0 0 0 0 0 0 0 0 0

Total Non Current Liabilities 0 0 0 0 0 0 0 0 0 0

TOTAL LIABILITIES 47,006 47,006 47,006 47,006 47,006 47,006 47,006 47,006 47,006 47,006

NET ASSETS 3,757,505 4,387,901 4,472,357 4,560,995 4,653,941 4,751,323 4,853,275 4,959,934 5,071,441 5,187,942

EQUITY


Revaluation Reserves 708,811 708,811 708,811 708,811 708,811 708,811 708,811 708,811 708,811 708,811

TOTAL EQUITY 3,647,505 4,277,901 4,362,357 4,450,995 4,543,941 4,641,323 4,743,275 4,849,934 4,961,441 5,077,942

48

ORANA LIVING



2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28


Receipts:




Grants & Contributions 0 0 0 0 0 0 0 0 0 0

Other 0 0 0 0 0 0 0 0 0 0

Payments:

Employee Costs -3,633,273 -3,742,271 -3,854,539 -3,970,176 -4,089,281 -4,211,959 -4,338,318 -4,468,468 -4,602,522 -4,740,597



Other -50,142 -51,646 -53,196 -54,792 -56,435 -58,128 -59,872 -61,668 -63,518 -65,424

Net Cash provided (or used in) Operating Activities 131,398 685,340 139,400 143,582 147,890 152,326 156,896 161,603 166,451 171,445


Receipts:





Payments:



Purchase of Infrastructure, Property, Plant & Equipment -135,000 -1,160,000 -110,000 -110,000 -110,000 -110,000 -110,000 -110,000 -110,000 -110,000

Net Cash provided (or used in) Investing Activities -110,000 -1,135,000 -85,000 -85,000 -85,000 -85,000 -85,000 -85,000 -85,000 -85,000


Receipts:

Proceeds from Borrowings & Advances 0 0 0 0 0 0 0 0 0 0


Payments:

Repayment of Borrowings & Advances 0 0 0 0 0 0 0 0 0 0


Net Cash provided (or used in) Investing Activities 0 0 0 0 0 0 0 0 0 0

NET INCREASE / (DECREASE) IN CASH & EQUIVALENTS 21,398 -449,660 54,400 58,582 62,890 67,326 71,896 76,603 81,451 86,445





49

ORANA LIVING



2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28


















Loans Raised 0 0 0 0 0 0 0 0 0 0



50

CARLGINDA ENTERPRISES



2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28




Interest & Investment Revenue 0 0 0 0 0 0 0 0 0 0

Other Revenues 118,433 121,986 125,646 129,415 133,297 137,296 141,415 145,658 150,027 154,528

Grants & Contributions provided for Operating Purposes 0 0 0 0 0 0 0 0 0 0



Total Income from Continuing Operations 499,486 514,471 529,905 545,802 562,176 579,041 596,412 614,305 632,734 651,716


Employee Costs 425,738 438,510 451,665 465,215 479,172 493,547 508,353 523,604 539,312 555,492




Other Expenses 5,247 5,404 5,567 5,734 5,906 6,083 6,265 6,453 6,647 6,846


Total Expenses from Continuing Operations 519,594 534,678 550,215 566,218 582,701 599,678 617,165 635,176 653,728 672,836

NET OPERATING RESULT FOR THE YEAR -20,108 -20,208 -20,310 -20,416 -20,525 -20,637 -20,753 -20,872 -20,994 -21,120

Net Operating Result before capital grants & contributions -20,108 -20,208 -20,310 -20,416 -20,525 -20,637 -20,753 -20,872 -20,994 -21,120

51




2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28

ASSETS

Current Assets

Cash & Cash Equivalents 333,290 319,868 306,344 292,714 228,975 215,124 201,157 187,072 172,863 158,529

Receivables 23,242 23,242 23,242 23,242 23,242 23,242 23,242 23,242 23,242 23,242

Inventories 12,253 12,253 12,253 12,253 12,253 12,253 12,253 12,253 12,253 12,253

Total Current Assets 368,785 355,363 341,839 328,209 264,470 250,619 236,652 222,567 208,358 194,024

Non Current Assets

Investments 0 0 0 0 0 0 0 0 0 0

Receivables 0 0 0 0 0 0 0 0 0 0

Infrastructure, Property, Plant & Equipment 100,533 93,747 86,961 80,175 123,389 116,603 109,817 103,031 96,245 89,459

Total Non Current Assets 100,533 93,747 86,961 80,175 123,389 116,603 109,817 103,031 96,245 89,459

TOTAL ASSETS 469,318 449,110 428,800 408,384 387,859 367,222 346,469 325,598 304,603 283,483

LIABILITIES

Current Liabilities

Payables 4,632 4,632 4,632 4,632 4,632 4,632 4,632 4,632 4,632 4,632


Borrowings 0 0 0 0 0 0 0 0 0 0

Provisions 0 0 0 0 0 0 0 0 0 0



Borrowings 0 0 0 0 0 0 0 0 0 0

Provisions 0 0 0 0 0 0 0 0 0 0



NET ASSETS 464,686 444,478 424,168 403,752 383,227 362,590 341,837 320,966 299,971 278,851

EQUITY

Retained Earnings 464,686 444,478 424,168 403,752 383,227 362,590 341,837 320,966 299,971 278,851

Revaluation Reserves 0 0 0 0 0 0 0 0 0 0

TOTAL EQUITY 464,686 444,478 424,168 403,752 383,227 362,590 341,837 320,966 299,971 278,851

52




2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28


Receipts:



Interest & Investment Revenue 0 0 0 0 0 0 0 0 0 0

Grants & Contributions 0 0 0 0 0 0 0 0 0 0

Other 118,433 121,986 125,646 129,415 133,297 137,296 141,415 145,658 150,027 154,528

Payments:

Employee Costs -425,738 -438,510 -451,665 -465,215 -479,172 -493,547 -508,353 -523,604 -539,312 -555,492



Other -5,247 -5,404 -5,567 -5,734 -5,906 -6,083 -6,265 -6,453 -6,647 -6,846

Net Cash provided (or used in) Operating Activities -3,322 -3,422 -3,524 -3,630 -3,739 -3,851 -3,967 -4,086 -4,208 -4,334


Receipts:





Payments:



Purchase of Infrastructure, Property, Plant & Equipment 0 -10,000 -10,000 -10,000 -60,000 -10,000 -10,000 -10,000 -10,000 -10,000

Net Cash provided (or used in) Investing Activities 0 -10,000 -10,000 -10,000 -60,000 -10,000 -10,000 -10,000 -10,000 -10,000


Receipts:



Payments:




NET INCREASE / (DECREASE) IN CASH & EQUIVALENTS -3,322 -13,422 -13,524 -13,630 -63,739 -13,851 -13,967 -14,086 -14,208 -14,334

plus Cash & Equivalents at beginning of year 336,612 333,290 319,868 306,344 292,714 228,975 215,124 201,157 187,072 172,863

CASH & EQUIVALENTS AT YEAR END 333,290 319,868 306,344 292,714 228,975 215,124 201,157 187,072 172,863 158,529


TOTAL CASH, EQUIVALENTS & INVESTMENTS 333,290 319,868 306,344 292,714 228,975 215,124 201,157 187,072 172,863 158,529

53




2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28

Operating Performance Ratio -4.03% -3.93% -3.83% -3.74% -3.65% -3.56% -3.48% -3.40% -3.32% -3.24%

















Loans Raised 0 0 0 0 0 0 0 0 0 0



54

COOEE LODGE



2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28





Other Revenues 346,903 357,310 368,029 379,070 390,442 402,156 414,220 426,647 439,446 452,630

Grants & Contributions provided for Operating Purposes 21,091 20,327 6,789 5,584 4,285 2,984 1,631 580 597 615





Employee Costs 2,465,870 2,539,846 2,616,041 2,694,523 2,775,358 2,858,619 2,944,378 3,032,709 3,123,690 3,217,401

Borrowing Costs 11,018 9,558 8,107 6,447 4,821 3,133 1,369 0 0 0

Materials & Contracts 898,774 925,737 953,509 982,115 1,011,578 1,041,925 1,073,183 1,105,379 1,138,540 1,172,696


Other Expenses 146,292 150,681 155,201 159,857 164,653 169,593 174,680 179,921 185,318 190,878





55

COOEE LODGE



2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28

ASSETS

Current Assets


Receivables 46,453 46,453 46,453 46,453 46,453 46,453 46,453 46,453 46,453 46,453

Inventories 0 0 0 0 0 0 0 0 0 0


Non Current Assets

Investments 0 0 0 0 0 0 0 0 0 0

Receivables 0 0 0 0 0 0 0 0 0 0



TOTAL ASSETS 26,018,486 26,251,057 26,483,091 26,727,310 26,984,023 27,253,642 27,536,532 27,882,027 28,243,064 28,620,107

LIABILITIES

Current Liabilities

Payables 10,370,253 10,370,253 10,370,253 10,370,253 10,370,253 10,370,253 10,370,253 10,370,253 10,370,253 10,370,253


Borrowings 39,020 40,471 42,131 43,757 45,445 47,216 0 0 0 0

Provisions 0 0 0 0 0 0 0 0 0 0



Borrowings 219,020 178,549 136,418 92,661 47,216 0 0 0 0 0

Provisions 0 0 0 0 0 0 0 0 0 0

Total Non Current Liabilities 219,020 178,549 136,418 92,661 47,216 0 0 0 0 0


NET ASSETS 15,390,193 15,661,784 15,934,289 16,220,639 16,521,109 16,836,173 17,166,279 17,511,774 17,872,811 18,249,854

EQUITY



TOTAL EQUITY 15,312,881 15,584,472 15,856,977 16,143,327 16,443,797 16,758,861 17,088,967 17,434,462 17,795,499 18,172,542

56

COOEE LODGE



2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28


Receipts:




Grants & Contributions 21,091 20,327 6,789 5,584 4,285 2,984 1,631 580 597 615

Other 346,903 357,310 368,029 379,070 390,442 402,156 414,220 426,647 439,446 452,630

Payments:

Employee Costs -2,465,870 -2,539,846 -2,616,041 -2,694,523 -2,775,358 -2,858,619 -2,944,378 -3,032,709 -3,123,690 -3,217,401

Materials & Contracts -898,774 -925,737 -953,509 -982,115 -1,011,578 -1,041,925 -1,073,183 -1,105,379 -1,138,540 -1,172,696

Borrowing Costs -11,018 -9,558 -8,107 -6,447 -4,821 -3,133 -1,369 0 0 0

Other -146,292 -150,681 -155,201 -159,857 -164,653 -169,593 -174,680 -179,921 -185,318 -190,878



Receipts:



Sale of Infrastructure, Property, Plant & Equipment 0 20,000 0 0 0 20,000 0 0 0 20,000


Payments:



Purchase of Infrastructure, Property, Plant & Equipment -1,195,000 -375,000 -255,000 -195,000 -95,000 -115,000 -70,000 -70,000 -265,000 -115,000

Net Cash provided (or used in) Investing Activities -1,195,000 -355,000 -255,000 -195,000 -95,000 -95,000 -70,000 -70,000 -265,000 -95,000


Receipts:



Payments:

Repayment of Borrowings & Advances -37,560 -39,020 -40,471 -42,131 -43,757 -45,445 -47,216 0 0 0


Net Cash provided (or used in) Investing Activities -37,560 -39,020 -40,471 -42,131 -43,757 -45,445 -47,216 0 0 0

NET INCREASE / (DECREASE) IN CASH & EQUIVALENTS -801,753 50,105 149,568 221,753 334,247 347,152 385,424 448,029 268,570 454,577





57

COOEE LODGE



2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28


















Loans Raised 0 0 0 0 0 0 0 0 0 0



58

JACK TOWNEY HOSTEL



2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28





Other Revenues 0 0 0 0 0 0 0 0 0 0






Employee Costs 596,176 614,061 632,483 651,458 671,001 691,131 711,865 733,221 755,218 777,874




Other Expenses 41,114 42,347 43,618 44,926 46,274 47,662 49,092 50,565 52,082 53,644


Total Expenses from Continuing Operations 970,859 999,830 1,029,670 1,060,406 1,092,063 1,124,670 1,158,255 1,192,848 1,228,479 1,265,179



59

JACK TOWNEY HOSTEL



2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28

ASSETS

Current Assets

Cash & Cash Equivalents 968,309 968,781 1,046,818 1,077,496 1,160,894 1,172,094 1,261,180 1,303,239 1,398,359 1,446,633

Receivables 429 429 429 429 429 429 429 429 429 429

Inventories 0 0 0 0 0 0 0 0 0 0

Total Current Assets 968,738 969,210 1,047,247 1,077,925 1,161,323 1,172,523 1,261,609 1,303,668 1,398,788 1,447,062

Non Current Assets

Investments 0 0 0 0 0 0 0 0 0 0

Receivables 0 0 0 0 0 0 0 0 0 0

Infrastructure, Property, Plant & Equipment 162,710 233,836 229,701 275,296 270,614 340,646 335,384 379,819 373,942 417,743

Total Non Current Assets 162,710 233,836 229,701 275,296 270,614 340,646 335,384 379,819 373,942 417,743

TOTAL ASSETS 1,131,448 1,203,047 1,276,948 1,353,221 1,431,937 1,513,169 1,596,993 1,683,487 1,772,730 1,864,805

LIABILITIES

Current Liabilities

Payables 8,268 8,268 8,268 8,268 8,268 8,268 8,268 8,268 8,268 8,268


Borrowings 0 0 0 0 0 0 0 0 0 0

Provisions 0 0 0 0 0 0 0 0 0 0



Borrowings 0 0 0 0 0 0 0 0 0 0

Provisions 0 0 0 0 0 0 0 0 0 0



NET ASSETS 1,123,180 1,194,779 1,268,680 1,344,953 1,423,669 1,504,901 1,588,725 1,675,219 1,764,462 1,856,537

EQUITY


Revaluation Reserves 0 0 0 0 0 0 0 0 0 0

TOTAL EQUITY 1,117,852 1,189,451 1,263,352 1,339,625 1,418,341 1,499,573 1,583,397 1,669,891 1,759,134 1,851,209

60

JACK TOWNEY HOSTEL



2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28


Receipts:




Grants & Contributions 537,972 554,111 570,734 587,857 605,492 623,657 642,367 661,638 681,487 701,931

Other 0 0 0 0 0 0 0 0 0 0

Payments:

Employee Costs -596,176 -614,061 -632,483 -651,458 -671,001 -691,131 -711,865 -733,221 -755,218 -777,874



Other -41,114 -42,347 -43,618 -44,926 -46,274 -47,662 -49,092 -50,565 -52,082 -53,644



Receipts:





Payments:



Purchase of Infrastructure, Property, Plant & Equipment -35,000 -85,000 -10,000 -60,000 -10,000 -85,000 -10,000 -60,000 -10,000 -60,000

Net Cash provided (or used in) Investing Activities -35,000 -85,000 -10,000 -60,000 -10,000 -85,000 -10,000 -60,000 -10,000 -60,000


Receipts:



Payments:




NET INCREASE / (DECREASE) IN CASH & EQUIVALENTS 47,983 472 78,037 30,678 83,398 11,200 89,086 42,059 95,120 48,274

plus Cash & Equivalents at beginning of year 920,326 968,309 968,781 1,046,818 1,077,496 1,160,894 1,172,094 1,261,180 1,303,239 1,398,359

CASH & EQUIVALENTS AT YEAR END 968,309 968,781 1,046,818 1,077,496 1,160,894 1,172,094 1,261,180 1,303,239 1,398,359 1,446,633


TOTAL CASH, EQUIVALENTS & INVESTMENTS 968,309 968,781 1,046,818 1,077,496 1,160,894 1,172,094 1,261,180 1,303,239 1,398,359 1,446,633

61

JACK TOWNEY HOSTEL



2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28


















Loans Raised 0 0 0 0 0 0 0 0 0 0



62

ALL COUNCIL LESS WATER & SEWER



2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28





Other Revenues 831,279 851,746 873,249 895,396 922,258 949,926 978,424 1,007,777 1,038,010 1,069,150


Grants & Contributions provided for Capital Purposes 5,947,732 4,630,252 1,437,413 414,985 382,784 10,390,818 1,314,093 307,615 316,394 325,436




Employee Costs 13,430,885 13,800,649 14,179,061 14,626,889 15,043,508 15,517,299 15,954,129 16,426,725 16,913,498 17,414,874

Borrowing Costs 225,634 203,531 225,831 198,540 169,981 139,886 128,382 105,885 88,004 70,573



Other Expenses 1,722,226 1,773,893 1,857,110 1,881,923 1,938,381 1,996,532 2,091,428 2,118,121 2,181,664 2,247,114



NET OPERATING RESULT FOR THE YEAR 6,148,451 5,607,791 1,984,007 1,052,597 1,260,412 11,384,116 2,481,805 1,654,355 1,867,292 2,056,293

Net Operating Result before capital grants & contributions 200,719 977,539 546,594 637,612 877,628 993,298 1,167,712 1,346,739 1,550,898 1,730,857

64




2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28


Receipts:





Other 831,279 851,746 873,249 895,396 922,258 949,926 978,424 1,007,777 1,038,010 1,069,150

Payments:

Employee Costs -13,430,885 -13,800,649 -14,179,061 -14,626,889 -15,043,508 -15,517,299 -15,954,129 -16,426,725 -16,913,498 -17,414,874


Borrowing Costs -225,634 -203,531 -225,831 -198,540 -169,981 -139,886 -128,382 -105,885 -88,004 -70,573

Other -1,722,226 -1,773,893 -1,857,110 -1,881,923 -1,938,381 -1,996,532 -2,091,428 -2,118,121 -2,181,664 -2,247,114



Receipts:





Payments:






Receipts:

Proceeds from Borrowings & Advances 2,150,000 0 1,070,000 0 0 0 205,000 0 0 0


Payments:



Net Cash provided (or used in) Investing Activities 1,631,773 -540,327 454,581 -640,696 -628,967 -504,245 -353,093 -466,019 -483,899 -348,117

NET INCREASE / (DECREASE) IN CASH & EQUIVALENTS -1,546,443 -539,707 69,895 46,585 680,250 4,439,188 936,754 1,088,847 559,050 1,247,707





65




2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28


















Loans Raised 2,150,000 0 1,070,000 0 0 0 205,000 0 0 0



LONG TERM FINANCIAL PLAN 2018/19 2027/28 · Long Term Financial Plan Long Term Financial Plan: This...

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