Decision details

It is resolved that Council:

(A)      endorse the suite of Integrated Planning and Reporting documents for public exhibition for a period of 28 days, including:

(i)         the draft Operational Plan 2018/19 as shown at Attachment A to the subject report; and

(ii)        the draft Resourcing Strategy 2018 as shown as Attachment B to the subject report;

(B)      endorse the draft Operating and Capital Budget, and future years' forward estimates, as reflected in the draft Operational Plan 2018/19 and draft Resourcing Strategy 2018 including:

(i)         operating income of $595.9M, operating expenditure before depreciation of $231.7M for an Operating Result of $125.6M, and a Net Surplus of $62.1M after allowing for interest, depreciation and capital contributions;

(ii)        Capital Works expenditure of $274.2M and a contingency of $5.0M;

(iii)      Plant and Assets net expenditure of $26.2M; and

(iv)      Net Property Divestments of $55.2M; and

(C)      endorse the proposed Rating Structure and Domestic Waste Management Charges, Stormwater Charges and User Fees and Charges discussed within the subject report and included within the draft Operational Plan 2018/19.

Carried unanimously.