Integrated Planning and Reporting Program and Budget 2019-20 - Adoption

Decision Maker: Council

Decision status: Recommendations Determined

Decisions:

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.

Report author: Bill Carter

Publication date: 24/06/2019

Date of decision: 24/06/2019

Decided at meeting: 24/06/2019 - Council

Accompanying Documents: