Decision details

It is resolved that:

(A)        Council note the submissions received from the community on the exhibited suite of the 2019 Integrated Planning and Reporting documents as included in Attachment A to the subject report;

(B)        Council adopt the suite of the draft 2019 Integrated Planning and Reporting documents as endorsed by Council on 13 May 2019, subject to the amendments detailed in Attachment B to the subject report, incorporating;

(i)          the Operational Plan 2019/20; and

(ii)         the Resourcing Strategy 2019;

(C)       Council adopt the draft Operating and Capital Budget, and future years' forward estimates, reflected in the Operational Plan 2019/20 and Resourcing Strategy (2019), subject to the amendments detailed in Attachment B to the subject report.

(D)       Council note that the 2019/20 budgets include:

(i)          Operating income of $609.5M, operating expenditure before depreciation and light rail contribution of $496.6M for an Operating Result of $112.9M, and a Net Operating Result of $36.5M after allowing for interest income of $14.3M, capital grants and contributions of $68.0M, depreciation expense of $107.5M, capital project related costs of $10.3M and light rail contributions to the State Government of $40.9M;

(ii)         Capital Works expenditure of $235.0M, increased to reflect the revoted light rail contribution of $38.6M, and a capital contingency of $5.0M;

(iii)        Plant and Assets and Technology Digital Services Projects of $30.8M; and

(iv)       Net Property Acquisitions of $137.7M, amended to reflect the sale of Stockton House in 2019/20;

(E)        Council adopt the proposed Rating structure and policies, Domestic Waste Management Charges, Stormwater Charges and User Fees and Charges reflected in the Operational Plan 2019/20 as endorsed by Council on 13 May 2019; and

(F)        authority be delegated to the Chief Executive Officer to approve any minor editorial corrections prior to publication and authorise the relevant staff to implement any such corrections.