Adoption - Integrated Planning and Reporting Program and Budget 2021/22

28/06/2021 - Adoption - Integrated Planning and Reporting Program and Budget 2021/22

It is resolved that:

(A)      Council note the submissions received from the community on the exhibited suite of the 2021 Integrated Planning and Reporting documents as included in Attachment A to the subject report;

(B)      Council adopt the suite of the draft 2021 Integrated Planning and Reporting documents as endorsed by Council on 17 May 2021, and as amended, including the Operational Plan 2021/22 as shown at Attachment B to the subject report;

(C)      Council adopt the draft Operating and Capital Budget, and future years' forward estimates, reflected in the Operational Plan 2021/22 and Resourcing Strategy 2021, subject to amendments in Attachment B to the subject report;

(D)      Council note that the 2021/22 budgets include:

(i)         Operating income of $624.5M, operating expenditure before depreciation of $514.5M for an Operating Result of $110.0M, and a Net Operating Surplus of $27.3M after allowing for interest income, depreciation and capital contributions;

(ii)        Capital Works expenditure of $236.3M; including a capital contingency of $8.0M;

(iii)      Plant and Assets net expenditure of $9.2M;

(iv)      Information/Technology/Digital Capital Works of $18.3M; and

(v)       Net Property Acquisitions of $131.9M;

(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 2021/22, endorsed by Council on 17 May 2021, as set out in the body of the subject report;

(F)      authority be delegated to the Chief Executive Officer to approve the 2021 Resourcing Strategy as exhibited, including relevant amendments to the Long Term Financial Plan; and

(G)      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.

Carried unanimously.

X025796