Estimates and Annual Budget V7 FINAL...2020/07/16 · Budget) of its revenue and expenditure each financial year. These are required to be adopted by 31 August each year. The Budget

Estimates and Annual Budget

2020-2021

Endorsed at 24 June 2020 Council MeetingResolution No.16.009/20*

Huon Valley Council 2 2020/2021

Table of Contents

1. Executive Summary ............................................................................. 3

2. Budget Influences ................................................................................ 7

3. Operating Result ................................................................................. 12

4. Capital Budget .................................................................................... 24

5. Borrowings / Debt ............................................................................... 27

6. Cash Flow ........................................................................................... 28

7. Appendices ......................................................................................... 30

* Please note: Figures in the following narrative have been rounded to the nearest $’000 for ease of reading. There may also be rounding differences between Tables within the document.


1. Executive Summary

Introduction

Pursuant to the Local Government Act 1993, Council is required to prepare Estimates (the Budget) of its revenue and expenditure each financial year. These are required to be adopted by 31 August each year.

The Budget for 2020/21 cannot be regarded as a normal budget. The COVID-19 situation, and the adherence to State and Australian government advice and direction, together with a range of policy decisions by Council, has resulted in a number of significant variations from what otherwise would have been a business as usual approach to the annual budget preparation. These changes are many and will be discussed further throughout this document. However, they have included centre and program closures with commensurate changes to income and costs patterns, a nil increase to the General Rate, a nil increase in salary and wage rates, the loss of dividends from TasWater, the introduction of a community recovery package, and a program of cost reductions to assist to fund the package.

The sum total of these effects is that an underlying operating deficit is forecast, which in normal circumstances, would not be a desired outcome. However, the COVID-19 pandemic is not a normal circumstance. The Australian and State Governments have introduced an unprecedented range of restrictions to normal life which have affected people’s lifestyles and livelihoods. They have also provided a vast array of assistance measures. The State Government, via the Premier, has set the expectation that councils, as a level of government, will also rise to the challenge and provide their own assistance measures.

As a result, Council has resolved there be a nil increase to the General Rate, the introduction of a hardship policy to assist those experiencing financial hardship, and introduction of a community recovery package. It is in this context that the forecasting of an underlying operating deficit must be seen.


Operating Result

Council’s underlying operating result is forecast to be a deficit of $432,000 for 2020/21.

Major factors impacting the Budget include:

COVID-19. The financial effects and adjustments arising from COVID-19 are further discussed in Chapter 2;

The closure of the Geeveston and Huonville Visitor Information Centres;

The likelihood that TasWater will not pay dividends to owner councils. The Board has resolved to cease further payments for the current 2019/20 financial year and has flagged that dividends for next year are unlikely;

Fees and charges have been increased generally around 3% which is in line with Council’s long-term financial plan. Other fees which have not reflected the actual cost to administer the program have been adjusted accordingly;

A decrease in interest rates and cash held;

A change in the treatment of costs in relation to unsealed roads resulting in the maintenance cost budget increasing, the capital budget decreasing and unsealed road asset depreciation reducing;

Asset revaluations in the roads and buildings classes resulting in a decrease in depreciation expense;

The inclusion of an estimate for asset write-offs and disposals;

An increase in the recycling service charge from $85 to $100, reflecting the increased costs arising from changes in the recycling industry. Other service charges for waste management and stormwater removal will increase slightly;

Rates revenue, notwithstanding the nil increase to the General Rate, will increase by $306,000 representing increases in the service charges, and growth in the rate base from development (eg. new dwellings);

The State Government has frozen price rises in respect to water (TasWater), the fire levy (State Fire Commission) and capped electricity increases (Aurora); and

The introduction of a $260,000 community recovery package.


Cash Flows

Council’s cash balance is forecast to decrease by $575,000 to $12,740,000 at 30 June 2021.

Operating cash flow

Cash provided by operating activities will decrease by $1,039,000. This is being impacted by decreased items such as no TasWater dividends, as well as an expected increase in deferred rate and other payments.

Capital

Capital expenditure of $6,293,000 includes $5,827,000 of asset renewal (including $665,000 of Roads to Recovery grant funded projects) and $465,000 for new assets. Capital expenditure requirements are sourced from Council’s asset management plan and inspection programs, as well as the Strategic Plan.

Major expenditures in asset renewal include $3,020,000 for the road network, $642,000 for building infrastructure, $981,000 for other transport related infrastructure (car parks, footpaths and kerbs, bridgeworks and stormwater), and $357,000 for marine facilities, playgrounds, reserves, tracks and sports facilities.

The new asset spend comprises a $20,000 allocation towards information technology, an $80,000 unspecified allocation set aside in case Council is required to make a co-contribution toward a successful new asset grant application, and a $365,000 allocation being a contribution to the Port Huon to Geeveston walking track project, for which Council has been successful in a $1,200,000 grant.

In addition, $275,000 is allocated to service the short-term State Government loan used for the new car park in Huonville, and the new Huonville stormwater project. This loan is effectively interest free (interest is levied by the State, then rebated).

A more detailed analysis of the capital spend is detailed in Chapter 4.

Financing cash flow

No new borrowings are forecast, and $275,000 of existing borrowings will be repaid.

Rates

Rate revenue is forecast at $14,619,000 being an increase of $306,000 compared with the 2019/20 budget, with the increase representing increases in the service charges, and growth in the rate base from development (ie. new dwellings).


Ratepayers who receive services to their properties, including stormwater removal charges and kerbside waste and recycling services will receive a small increase on their rates notices which is wholly comprised of the increase for these service charges, with no increase in the General Rate.

Conclusions

The 2020/21 budget cannot be regarded as normal due to the financial implications arising from COVID-19. Council is forecasting an underlying deficit which in normal circumstances would not be desirable. However, this loss is manageable. Council remains in a strong financial position, with a strong balance sheet, negligible debt, and a sound cash position. Council will work toward bringing the operating result into surplus as soon as possible.

However, whilst an underlying loss is not usually desirable, Council is pleased to be able to rise to the current challenges the community faces. Initiatives such as a nil General rate increase, and a community recovery package have obvious financial impacts, however Council is proud that its financial position enables it to implement these initiatives.

Council’s long-term financial plan will require review and update. It is reviewed every four years and due this year, however the COVID-19 impacts further necessitate the review.

As the 2020/21 financial year unfolds, the Budget will require ongoing revision. It has been prepared at a point in time, based on the information available at that time. However, that information is far from perfect as the COVID-19 situation continues to evolve and change. In any year, budgets need to be revised and updated. As for 2020/21, this will be the case more than ever as the COVID-19 situation plays out and further information becomes available.


2. Budget Influences

The Annual Plan and Budget is premised on a number of influences and assumptions, which are likely to impact on the delivery of services provided by Council.

The COVID-19 (novel coronavirus) pandemic has caused a number of significant changes to the Budget preparation. These include the following:-

Rates

In response to the hardship that will be experienced in the community, Council has instigated several initiatives to try to ease the burden. One of these decisions is to not increase the General Rate. The General Rate represents approximately 85% of total rates income. This decision represents income foregone of approximately $480,000. That is, had Council increased the General Rate by the guidance in its adopted long-term financial plan, additional revenue in the order of $480,000 would have been generated.

Salaries and Wages

In response to COVID-19, Council employees will be foregoing an annual pay increment. Council’s Enterprise Agreement expires on 30 June 2020, and bargaining discussions had commenced with employees and Unions for a new one, however those discussions were incomplete at the time the pandemic emergency was declared.

It was agreed by the Council and employees to postpone further discussions until the COVID-19 situation had returned to some form of normality when efforts would be re-focused on bargaining.

It is therefore not possible to exactly define what the increase foregone is as no Agreement had been struck. However, using an estimate of perhaps what might have been an outcome, the savings to the Budget could be around the $400,000 vicinity.

Total employee costs have decreased by $865,000 or 5.87% primarily due to reductions in Children’s Services and Medical Services (see Revisions to Program areas below) and the closure of the Visitor Information Centres. Total Full Time Equivalent employees fall by 11.57 to 144.69. An analysis is provided at 3.2.1.

Councillors have also agreed to forego any increase in their allowance that the State Government may prescribe.


TasWater Dividends

TasWater has advised that no further dividend payments will be received by Owner Councils in the current financial year. They have also advised that whilst no decision has been made as yet, their forecasts for next financial year make the payment of dividends unlikely for that year also. Accordingly, Council’s budget has been prepared on the expectation of there being no dividends, thus representing a loss of income of $445,000.

Hardship and Payment Assistance Policy

Recognising the expected hardship some ratepayers may experience as a result of the impacts of COVID-19 (ie. job losses), in April 2020 Council adopted a Hardship and Payment Assistance Policy. This Policy provides for measures to assist ratepayers with flexible payment arrangements, payment deferrals, and the waiver of penalties and interest for those who can demonstrate financial hardship.

In respect to payment arrangements and deferrals, it is difficult to assess the impact of this. However, an allowance has been made in the Budget for an increase in deferral arrangements. It should be noted this does not affect income, as the income (be it rates, or sundry fees and charges for services) will be recognised. However, cash flow will be impacted from lower cash receipts, and an increase in debtors outstanding. Despite this Council’s cash position remains sound.

Community Recovery Package

The Budget proudly contains a Community Recovery Package totalling $260,000. This is in addition to the $30,000 provided in the current 2019/20 year for the Stronger Together Quick Response Community Grant Program.

The people of the Huon Valley are well known for their strength and resilience in the face of adversity and Council is committed to working alongside the community in recovery, and in supporting and building the capacity of individuals, communities, businesses and organisations.

Council’s Recovery Working Group has consulted extensively to identify emerging issues, required responses and plans for response and recovery. The Group recommends the Community Recovery Package is considered as a component of a community led recovery that aligns with the National Principles for Disaster Recovery.


The $260,000 package will comprise support through grants and programs for Community and Economic Recovery Projects. The Recovery Working Group are undertaking a survey and analysis of the local needs as well as reviewing the support provided by the Federal and State Governments. This will inform the development of an implementation plan that best supports the Huon Valley community.

Revisions to Program Areas

A number of program areas have made revisions to their budgets as a result of COVID-19. It should be noted these revisions have necessarily been based upon assumptions that may or may not transpire. An obvious assumption has been estimating when facilities such as sports centres may be able to reopen and how rapidly attendance numbers and programs delivered can return to previous levels. Another relates to when restrictions may be eased enabling parents to return to the workplace and the Federal Government cessation of the Early Education and Care Relief Package, thus reinstating the demand for child care services. Some of the affected areas include:

Children’s Services – Across all services comprising child care, after school care, and vacation care, total income has been budgeted for a $378,000 decrease or 21.9% from $1,728,000 to $1,351,000.

Medical Services – both the Dover and Geeveston Medical Practices incomes will be significantly reduced. In the case of Dover this is budgeted as a $80,000 decrease, or 10% and for Geeveston $100,000 or 10.7%. It should be noted however, both Children’s and Medical Services operate on a user pays basis. That is, income generated by the services, which does not include any contributions from Rates income, fully offsets costs. Thus, costs have also been reduced, primarily employee costs, to again achieve a net breakeven result for both of these services.

Certificates – a decrease in the demand for Section 132 and 337 certificates has been assumed reflecting an expected downturn in property sales.

Reuse Recovery Centre – a decrease in revenue due to the centre’s closure and an uncertain reopening date.

Some decreases in sports centre revenues (for example, swimming lessons, fitness classes) due to closures and program restrictions due to social distancing, partially offset with some cost savings such as employee costs, cleaning and maintenance.


Savings

In order to mitigate as far as possible the effects of revenue decreases, and to fund the Community Recovery Package, Council identified and has budgeted for a range of savings. Not all of these will be ongoing. These savings total approximately $250,000 and include reductions in staff training, travel, plant and equipment purchases, the non-filling of vacant positions, allocations to implement Council decisions during the year, and support to community events, and some savings to a range of community events and programs including not facilitating Council led Australia Day and Volunteer Week community events.

Change in treatment of unsealed roads costs

A review into the accounting treatment of works and services in relation to unsealed roads has been undertaken. This has resulted in the transfer of the applicable budget from the capital budget to the operating budget. It is to be noted that physical works on the ground, or maintenance regimes have not changed – merely they are now budgeted in, and costed to, the operating budget.

The effect of this change is that employee, materials, and plant costs in the operating budget have increased, but are offset by a decrease in those costs in the capital budget.


Depreciation expense on roads also decreases due to the sheet on unsealed roads no longer being depreciated.

These changes are further explained in Chapter 3 including the impact on employee costs at 3.2.1.

Other external factors besides COVID-19 influencing the Budget include:

Interest rates

Recent decreases in the Reserve Bank of Australia official cash rate will affect earnings on investments.

State Government

The State Government has responded to COVID-19 in a variety of ways. Matters assisting Council’s Budget preparation have included a freeze on price increases for 2020/21 from TasWater and an electricity price (tariff) cap from Aurora.

In addition, the levy from the State Fire Commission is unchanged from 2019/20.


3. Operating Result

This section considers Council’s forecast 2020/2021 operating result. It is presented as follows:-

Revenue by revenue type refer 3.1

Expenses by expense type refer 3.2

Statement of Profit or Loss and Other Comprehensive Income

Ref Budget

2019/20 Budget

2020/21 Variance

Income from Continuing Operations Recurrent Income Rates and charges 3.1.1 14,313,364 14,619,422 306,057Interest 3.1.2 255,000 200,000 (55,000)User charges 3.1.3 3,471,495 2,837,337 (634,158)Children’s services 3.1.4 1,728,400 1,350,593 (377,807)Medical practices 3.1.5 1,738,457 1,559,096 (179,361)Investment revenue from water corporation 3.1.6 445,000 - (445,000)Grants 3.1.7 432,248 522,030 89,782Other 3.1.8 292,336 179,071 (113,265)

22,676,300 21,267,550 (1,408,750)

Capital Grants Capital grants 4,393,530 4,511,072 117,542Net gain/(loss) on disposal of non-current assets 3.1.9 - (250,000) (250,000)Non-monetary assets recognised for the first time - - -Net asset revaluation increment/(decrement) - - -

4,393,530 4,261,072 (132,458)

Total Income from Continuing Operations 27,069,830 25,528,622 (1,541,208)

Expenses from Continuing Operations Employee costs 3.2.1 (12,194,066) (12,282,195) (88,128)Materials and contracts 3.2.2 (2,843,697) (3,136,121) (292,423)Depreciation and amortisation 3.2.3 (6,365,164) (5,506,935) 858,229Impairment of receivables - - -Other expenses 3.2.4 (4,590,035) (4,370,372) 219,663

Total Expenses from Continuing Operations (25,992,963) (25,295,622) 697,341

Operating Result from Continuing Operations 1,076,867 233,001 (843,866)

Underlying Surplus/(Deficit) 412,182 (431,685) (843,867)


3.1 Revenues

3.1.1 Rates and Charges

Rate income is expected to increase by $306,000 from the 2019/20 financial year.

Rates comprise several components:

A General Rate which funds the majority of Council services. The amount paid varies depending on the value of the property (subject to a minimum amount). That is, the higher the property value, the higher the General Rate paid.

Service charges for waste management, recycling services, and stormwater management. For those ratepayers who receive these services a flat rate charge will apply on their rates notices. Different flat amounts apply depending on the size of bins at the property.

A Fire Rate. This is simply a flow through payment to the State Government. Council is annually advised by the State Fire Commission how much Fire Levy it must pay to the Commission. Council collects that Levy through the Fire Rate and then forwards it to the Commission.

A full table of all Rates is provided at Appendix 7.3.

In response to the hardship that will be experienced by some in the community, Council has instigated several initiatives to try and lessen the burden on the community. One of these decisions is to not increase the General Rate. The General Rate represents approximately 85% of total rates income. This decision represents income foregone of approximately $480,000. That is, had Council increased the General Rate by the guidance in its adopted long-term financial plan, additional revenue in the order of $480,000 would have been generated.

Service charges, representing only approximately 15% of total rates income, have been increased to ensure the costs of those services are fully paid for by the users of those services. These increases are:

An increase in the recycling service charge from $85 to $100, reflecting the increased costs arising from changes in the recycling industry;

An increase in the kerbside collection charges from $162 to $165 for a 120 litre bin, and from $217 to $228 for a 240 litre bin; and

An increase in the stormwater removal charge of $5 to $115.


In relation to the Fire Levy, the Tasmanian Government has made a decision to freeze the Fire Service Contribution which Council is obliged to pay to the Tasmanian Fire Service and accordingly there is no change to the Fire Rate from 2019/20.

The net effect on total Rates revenue, notwithstanding the nil increase to the General Rate, is a forecast increase of $306,000 representing the service charges mentioned above, and growth in the rate base from development (ie. new dwellings).

Ratepayers who receive services to their properties, including stormwater removal charges and kerbside waste and recycling services will receive a small increase on their rates notices which is wholly comprised of the increase for these service charges, with no increase in the General Rate.

Finally, a full revaluation of all properties within the Huon Valley municipal area by the Office of the Valuer-General (Department of Primary Industry Water and Environment) was scheduled to be undertaken during 2020/2021 with effect from 1 July 2021 (and so have no effect on the 2020/21 budget and rates distribution). This has been delayed due to COVID-19 with an expected date of effect of the updated valuations being 1 July 2022. A revaluation does not have any effect on the rate revenue generated by Council, but can have a re-distributive effect to the community in terms of the rate burden. That is, property valuations will change to differing degrees meaning some ratepayers may pay more for their rates, some the same and some less.


3.1.2 Interest

Council’s interest earnings on investments are forecast to decrease as a result of lower forecast cash balances and recent interest rate reductions.

3.1.3 User Charges

The 2020/21 budget has a reduction of User Charges to the amount of $634,000. This reduction is primarily due to the closure of both Huonville and Geeveston Visitor Information Centres, which make up $583,000 of the budgeted reduction. Customer Service have a budgeted decrease of $30,000 in property certificate revenue due to an expected fall in property sales as a result of the COVID-19 impact. The property rent budget has increased due to the prior year budget being understated.

Program areas such as Waste Management, Port Huon Sports Centre, Cygnet Sports Centre, and Huonville Swimming Pool have all seen a budgeted decrease due to the COVID-19 health crisis. In addition, Compliance user charges are budgeted to decrease by $15,000 for the 2020/21 financial year to better align with current year actuals.


3.1.4 Children’s Services

The 2020/21 budget has resulted in reduced income of $378,000 for Children’s Services. This stems from the current health emergency, the effects of the Federal Government’s Early Childhood Education and Care Relief Package, and the fact that demand for services is reduced due to the change in the eligibility criteria during the health emergency, as well as more parents working from home, and thus not requiring external care for their children.

It should be noted however that Children’s Services operate on a user pays basis. That is, income generated by the services, which does not include any contributions from Rates income, fully offsets costs. Thus, costs have also been reduced, primarily employee costs, to again achieve a net breakeven result. It should be further noted that the budget has been developed on the basis of the Federal Government’s current package, which ends on 12 July 2020.


3.1.5 Medical Practices

The 2020/21 budget has reduced Medical Practices by $179,000 compared with the 2019/20 budget. This change is due to the current health crisis with decreased visitations and increased telehealth services. As with Children’s Services, Medical Practices also operate on a user pays basis and so costs have also been reduced to achieve a net breakeven result.

3.1.6 Investment revenue from water corporation

TasWater has advised that no further dividend payments will be received by owner councils in the current financial year. They have also advised that whilst no decision has been made as yet for next financial year, their forecasts make the payment of dividends unlikely for that year also. Accordingly, Council’s budget has been prepared on the expectation of there being no dividends, thus representing a loss of income of $445,000.

3.1.7 Grants

The 2020/21 budget sees operational grants increase by $90,000 compared with the prior year. This movement is as a result of an $8,000 increase to Council’s Gearing Up Program, a $55,000 increase in Medical Practices’ incentive payments, and variations to Children’s Services sustainability funding which is consistent with funding available to the industries.


3.1.8 Other Income

The budgeted reduction of $113,000 for the 2020/21 financial year for Other Income is primarily due to the closure of the Huonville and Geeveston Visitor Information Centres and a Human Resources training recoveries movement. Finance & Corporate have a budgeted increase of $28,000 which is solely attributed to the rebate received on Council’s State Government loan thus making the loan interest free.

3.1.9 Net gain/(loss) on disposal of non-current assets

Council has budgeted $250,000 loss for the disposal or write-off of non-current assets. As Council assets are replaced, the value of the existing asset, if any, must be disposed of or written off as it no longer has any service value. Council asset planning procedures are designed to replace assets at the end of their service life, but sometimes this is not always possible and assets must be replaced slightly ahead of time, thus resulting in a write-off amount.


3.2 Expenses

3.2.1 Employee Costs

Employee costs include the costs of employees such as base pay and oncosts comprising overtime, payroll tax, training and allowances.

Total Council employee costs have decreased by $865,000 and full time equivalent (FTE) employees by 11.57.

There are a number of factors that contribute to this result. These include:

In response to COVID-19, Council employees, by agreement, will be foregoing an annual pay increment. Council’s Enterprise Agreement expires on 30 June 2020, and bargaining discussions had commenced with employees and Unions for a new one, but those discussions were incomplete. It was agreed by the Council and employees to postpone further discussions until the COVID-19 situation had returned to some form of normality when efforts would be re-focused on bargaining. Thus, it is not possible to exactly define what the increase foregone is as no agreement had been struck. However, using an estimate of perhaps what might have been an outcome, the savings to the Budget could be around the $400,000 vicinity.

Reductions in employee costs arising from the closure of the two Visitor Information Centres of $427,000.

Reductions in employee costs arising from temporary centre closures or reductions in service levels due to COVID-19. These include: o Huonville Pool $10,000; o Port Huon Sports Centre $11,000; o Dover and Geeveston Medical centres $101,000; and o Children’s Services across all aspects of operations $350,000.

Offsetting these reductions is a transfer of $665,000 of employee costs from the capital budget for unsealed roads maintenance activities. This is simply a transfer, and employee costs in the capital budget reduce by the same amount.

Also offsetting these reductions is the funding from the budget of employee costs for the land strategy, and some staff level reclassifications.

The following table provides further detail on the budget including FTE (Full Time Equivalent) movements between years.


All employee costs include oncosts

(A) 1.0 FTE increase is due to a position previously funded from the Land Strategy reserve and not previously shown in the operating budget.

(B) A change in the treatment of costs in relation to unsealed roads resulting in the maintenance cost budget increasing, and the capital budget decreasing


3.2.2 Materials and Contracts

For the 2020/21 financial year, Council’s Materials and Contracts is budgeted to be $292,000 greater than the prior year comparison. There are several significant changes contributing to this net increase. Stock purchases decrease by $475,000 due to the closure of the Huonville and Geeveston Visitor Centres. However, the transfer of unsealed roads costs from capital sees Materials and Contracts increase by $880,000. Contractors are primarily utilised in services such as public toilet cleaning, roads and waste management. Maintenance has decreased due to reclassification of expenditure descriptions.

3.2.3 Depreciation

Depreciation expense is forecast to decrease by $858,000. There are several factors contributing to this:

Revaluations of the roads and buildings asset classes;

A change in accounting treatment for unsealed roads. Currently, Council capitalises works done on the surface layer of unsealed roads and then subsequently depreciates those amounts over their estimated useful lives. Council has performed a detailed review of its unsealed road management practices and has made the decision to treat these costs as maintenance. Accordingly, costs in the operating budget will increase (see discussion at 3.2.1 Employee Costs and 3.2.2 Materials and Contracts), but depreciation expense reduces by approximately $650,000.

Estimates have also been made for the effect of additions in 2020/21, as well as the indexation of asset values and the further asset class revaluations.

Actual depreciation expense will be determined by all of the above factors and whilst reasonable estimates have been made, the final depreciation amount will be based on actual experience. The revaluation of an asset class, in particular, is difficult to predict.


3.2.4 Other Expenses

Other Expenses sees a budgeted decrease of $220,000 for 2020/21, with insurance and interest expenditure budgeted for increases of $39,000 and $27,000. The increase in insurance is in reaction to the current market trends and rise in insurance costs, and interest expenditure relates to Council’s State Government loan, but this is fully rebateable making the loan interest free (see Other Income).

COVID-19 has led to an increase in non-cash payments resulting in an increase in bank transaction charges. In addition, Council has reduced subscriptions by $24,000 as a cost saving measure. The Fire Levy is the amount paid to the State Fire Commission. Pursuant to the Fire Service Act 1979, local government acts as a collection agent for this State Government levy, which is paid directly to the State Fire Commission. The Tasmanian Government has made a decision to not increase the amounts councils are required to pay from current year levels.


A further breakdown of the twenty largest items comprising Other Expenses is shown below.

Most amounts are consistent with the current year. Recycling costs have increased due to changes in the industry. A significant new item is the Community Recovery Package in response to COVID-19.


4. Capital Budget

Capital Works

This section analyses the planned capital expenditure for the 2020/2021 year.

Capital expenditure requirements are sourced from Council’s asset management plan and inspection programs and condition assessments, as well as the Strategic Plan. It is the community that has the major role in setting the service levels that will meet their needs and outcomes based on their capacity to pay for the service. Council in the first instance will plan for the renewal of its existing infrastructure in order to maintain current service levels.

A distinction is made between expenditure on asset renewal, upgrades, and expenditure on new assets.

Asset renewal expenditure is expenditure on an existing asset to renew or replace it as it has reached the end of its useful service life. An example would be the resealing of a bitumen road.

Asset upgrades are carried out to address deficiencies in current service levels or to meet new standards or statutory requirements. An example of this would be the need to increase the diameter of a stormwater pipe, or to increase the softfall requirements in a playground due to changes in Australian Standards.

Expenditure on new assets is an allocation toward the acquisition or construction of new assets. This could be in response to community needs or growth in an area requiring certain infrastructure to be provided. In most cases, new assets will result in additional costs for operation, maintenance, depreciation and eventual capital renewal.

A breakdown of the capital works to be funded in 2020/21 is set out below.


Asset Replacement

4.1 Roads

The roads allocation is $3,020,000 which includes $665,000 Roads to Recovery grant funding. Major projects include:

a continuation of the rolling works program on Esperance Road, Police Point $656,000

$550,000 toward stabilisation and reseal works on Jacksons Road, Franklin

$250,000 toward rehabilitation and reseal works on Brownell Street, Geeveston

$180,000 toward repairs and reseal of Donahoe Street, Cygnet

$165,000 toward repairs and reseal of Christina Street, Cygnet

$150,000 toward repairs and reseal of Thorp Street, Cygnet

$126,000 toward repairs and reseal of Winns Road, Cygnet

$450,000 toward repair and reseal of Mountain River Road, Mountain River

$120,000 toward the resealing of North Huon Road, Judbury

Other transport related expenditure includes:

Footpath and kerb works at Donohoe Street, Cygnet $40,000 and Brownell Street, Geeveston $105,000

$210,000 toward repair and reseal works at the Huonville car park

$355,000 toward various bridgeworks including $50,000 Sepia Road, Mountain River and $140,000 at Slaughterhouse Road (Dover Rivulet)

$215,000 toward various stormwater improvements associated with road projects

4.2 Parks, reserves, marine facilities, playgrounds and sporting facilities

The parks, reserves, marine facilities, playgrounds and sporting facilities allocation includes:

$36,000 toward various marine facilities (mainly fenders and whalers)

$91,000 toward playgrounds including $70,000 toward the Watsons Road playground at Glen Huon

$54,000 toward the cricket practice nets at Franklin

$137,000 toward streetscapes and street furniture in streets and parks and reserves

$38,000 toward various walking tracks as required


4.3 Buildings

The Buildings allocation includes:

$50,000 toward independent living unit refurbishment works

$150,000 toward refurbishment works at the Southport public toilets

$130,000 toward refurbishment works at the Ranelagh public toilets

$40,000 toward the Ranelagh Recreation Ground Hall roof

$50,000 toward cricket club works at Ranelagh

$45,000 toward works at the Cygnet Cenotaph (subject to a successful grant application)

4.4 Plant, equipment and other infrastructure

A $827,000 allocation has been provided toward replacement of Council small and large plant and fleet, and information technology.

New Assets

The new asset spend comprises a $20,000 allocation towards information technology, an $80,000 unspecified allocation set aside in case Council is required to make a co-contribution toward a successful new asset grant application, and a $365,000 allocation being a contribution to the Port Huon to Geeveston walking track project, for which Council has been successful in a $1,200,000 grant.

In addition, $275,000 is allocated to service the short-term State Government loan used for the new car park in Huonville, and the new Huonville stormwater project. This loan is effectively interest free (interest is levied by the State, then rebated).

Funding Sources

Council’s capital works will be funded from:

cash from operations $1,482,000

capital grants $4,511,000

cash reserves $299,000

Capital grants consist of Australian Government Financial Assistance Grants to local government, and Roads to Recovery.


5. Borrowings / Debt

Council has one TASCORP loan obtained under the State Government Accelerated Local Government Capital Program. This loan was drawn in April 2018 and applied toward the surfacing of the car park in Huonville, and the major stormwater project to alleviate land based runoff flooding in Huonville. This loan is effectively interest free (interest is levied by TASCORP then rebated by the State Government) and will be fully repaid in the 2023/24 financial year.

The balance at the end of the 2019/20 financial year will be $1,142,000 and at the end of the 2020/21 financial year $867,000.


6. Cash Flow

This section analyses the expected cash flows from the operating, investing and financing activities of Council for the 2020/2021 year.

Estimated Cash Flow Statement

Estimating cash flows for Council is a key factor in setting the estimates.

There are three main categories of cash flows:-

Operating activities – refers to cash generated or used in the normal service delivery functions of Council. Cash remaining after paying for the provision of services to the community may be available for investment in capital works or repayment of debt.

Investing activities – refers to cash generated or used in the enhancement or creation of infrastructure assets and other assets. These activities also include capital grants and proceeds from the sale of property, infrastructure, plant and equipment.

Financing activities – refers to cash generated or used in the financing of Council

functions and include borrowings and repayment of borrowings, and any associated

costs.


Cash flows provided by operating activities

The net cash flows from operating activities are estimated to decrease by $1,039,000. Major changes include assumptions made in respect to deferrals of rates and fee and charge payments, together with the loss of TasWater dividends.

Cash flows used for investing activities

Cash flows from investing represents capital expenditure on property, plant and equipment (see Chapter 4 - Capital Works), and the receipt of the Australian Government Financial Assistance Grants and Roads to Recovery grants.

Cash flows used in financing activities

Cash flows from financing activities are a net $275,000 representing the repayment of loan principal. No new borrowings are proposed.

Cash at end of year

Council’s cash balance is forecast to decrease by $575,000 to $12,740,000 at 30 June 2021.

The estimated cash balance is influenced by many factors including budget performance and the timing of associated cash flows, timing of the completion of the capital works program, credit policies, and collection of debts.


7. Appendices

Department Summary

Unit Summary

Rates Summary


7.1 Department Summary 2020/2021


Departmental Summary 2020/2021

General Manager

The budget decrease is primarily due to one off allocations in 2019/20 toward plans and studies requested by Council not required in 2020/21.

Legal and Governance Services

The budget decrease reflects removal of budgets for visitor information centres, and inclusion of employee costs previously funded from the land strategy reserve and not shown in the operating budget.

Corporate Services

The budget primarily reflects an increase in General Rate revenue from development growth (ie. new dwellings), a decrease in depreciation, the inclusion of an estimate for the gain/(loss) on disposal of non-current assets, loss of TasWater dividends, and decreased interest income and property certificate income.

Infrastructure Services

The net increase in this budget reflects the inclusion of unsealed road costs maintenance and service costs. A corresponding decrease has occurred within the capital budget meaning there is no net change to Council’s overall budget.

Environment and Development Services

This budget reflects the temporary non-filling of a vacant position in Compliance as part of Council’s savings program, together with increased costs in recycling due to industry reform offset by an increase in the recycling collection service charge.

Community Services

This budget reflects revisions to program areas due to COVID-19 such as children’s services, medical services and recreation services. It also includes savings to a range of community events support and programs including the provision of Australia Day and Volunteers Week community events, and the inclusion of a COVID-19 Community Recovery package.


7.2 Unit Summary 2020/2021




7.3 Summary of Rates and Charges 2020/2021

The rate in the dollar is applied to the Adjusted Capital Value (Adj CV) on your Rate Notice. This value is determined by the Valuer-General (Department of Primary Industries, Parks,

Water and Environment).

2019/2020 2020/2021 General Rate General Rate 0.290750 0.290750General Rate Commercial 0.544235 0.544235 General Rate Industrial 0.462545 0.462545 Minimum Rate $379 $379

For example, a residential property with an Adj CV of $320,000 would pay a General Rate of $930.40 $320,000 ×

�.��

��= $930.40

Fire Service Act 1979 Contributions General Land Fire District 0.012775 0.012775 Volunteer Rate 0.015950 0.015950 Minimum Rate $41 $41

Waste Management Charges 120 litre mobile garbage bin $162 $165 240 litre mobile garbage bin $217 $228 Mobile recycling bin $85 $100

Stormwater Removal Charge Within stormwater catchment areas $110 $115

All Local Government rates are GST exempt.

PAYMENTS All rates and charges are payable by four instalments which are due on the following dates:

14 August 2020 30 October 2020 29 January 2021 30 April 2021

DEFAULT IN PAYMENT OF RATES INSTALMENT If a ratepayer fails to pay any instalment within twenty one (21) days of the date on which the rates are due, the Council may require the ratepayer to pay the full amount owing, under Section 124(5) of the Act.

LATE PAYMENTS Pursuant to section 128 of the Act where any amount of rates or charges or an instalment remains unpaid after the date on which they fall due, the Council will impose a penalty of 3% of the amount so outstanding and charge interest on that amount of 6.81% per annum to be charged on a daily balance.

10 YEAR ASSET RENEWAL PROGRAM

2020/2021 - 2029/2030

Attachment A

Attachment C

Attachment K

Attachment L

STORMWATER Attachment M

PLANT AND FLEET Attachment N

Total

The Council's renewal programs contained in this document demonstrates, at a working level, how the

Council achieves this by programming Asset Renewal works based on condition assessments and

providing financial resources in accordance with depreciation.

The following table demonstrates the 2020/2021 asset allocations:

10 Year Asset Renewal Program

ROADS SEALED ROADS

Asset Area Asset Class Reference Allocation

The Council ensures, through its Financial Management Strategy & Long Term Financial Plan that it is

financially sustainable into the future.

A key aspect of this, is to confirm that assets are managed in accordance with best practice standards.

The application of Council's Asset Management Strategy, Policy and Plans support this outcome.

CAR PARK

3,019,838$

228,448$ Attachment D

FOOTPATH/KERBFOOTPATH 181,930$

BRIDGES BRIDGES Attachment E 355,109$

BUILDINGS BUILDINGS 642,171$

PARKS AND RECREATION MARINE FACILITIES

PLAYGROUNDS

SPORTS FACILITIES

Attachment F 36,337$

Attachment G 90,901$

Attachment H 54,000$

STREET FURNITURE Attachment I 137,536$

5,827,380$

215,557$

LAND

710,228$

WALKING TRACKS 38,325$

117,000$ FMISINFORMATION TECHNOLOGY

STORMWATER

N/ALAND

PLANT AND FLEET

Road renewal 10 Year Program $

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10ASSET ID ROAD NAME NOTES HIERARCHY L (m) W (m) Community 20/21 21/22 22/23 23/24 24/25 25/26 26/27 27/28 28/29 29/30Various Esperance Coast Road Rolling works program based on design Distributor Police Point 655,893 500,000 500,000HV0345 Jacksons Road Stabilisation/shoulders no overlay Collector 991 5.5 Franklin 550,000HV0454 Mountain River Road Investigation required Distributor 998 6 Mt River 500,000 500,000TBA Pelverata Road Investigation required Distributor Pelverata 500,000 500,000

Narrows Road Stabilisation DistributorBrownell Street Local Geeveston 250,000

HV0146 Crofton Court Repair and reseal Local 139 6.2 Huonville 90,000Heron Street Repair and reseal Collector 65 8 Huonville 80,000

HV0191 Donahoe Street Repair and reseal Local 252 9.5 Cygnet 180,000HV0220 Emma Street Repair and reseal Local 274 6 Cygnet 65,000HV0514b Percival Place Repair and reseal Local 118 6.5 Dover 30,000HV0108 Christina Street Repair and reseal Local 246 6.5 Cygnet 165,000

1265 North Huon Road Repair and reseal Distributor 228 5 Judbury 40,0001264 North Huon road Repair and reseal Distributor 720 5 Judbury 80,000

HV0454 Mountain River Road Repair and reseal Distributor 998 6 Mt River 450,000Seventh Day Road Reseal and failure Local 194 4 Glen Huon 70,000Cajun Court Reseal and failure Local 300 5.5 Huonville 150,000New Road Reseal and failure Collector 386 6 Franklin 110,000Thorp Street Reseal and failure Collector 380 7 Cygnet 150,000Winns Road Reseal and failure Local 300 5 Cygnet 126,000Ribston Road Reseal and failure Local 288 5 Huonville 90,000Bakers Creek Road Reseal and failure Collector 1056 5.5 Lucaston 350,000

Various other Condition based replacement 919,838 1,719,838 1,555,153 1,555,153 2,055,153 2,055,153 2,055,153 2,055,153 2,055,153Reseal prep as required 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000

Investigation allowance 137,945 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000

Total Program 3,019,838 3,019,838 3,019,838 2,355,153 2,355,153 2,355,153 2,355,153 2,355,153 2,355,153 2,355,153

Depreciation 2,355,153 2,355,153 2,355,153 2,355,153 2,355,153 2,355,153 2,355,153 2,355,153 2,355,153 2,355,153

other income extra allocation

Roads to Recovery 664,685 664,685 664,685

Total available funds 3,019,838 3,019,838 3,019,838 2,355,153 2,355,153 2,355,153 2,355,153 2,355,153 2,355,153 2,355,153

Surplus/(Deficit) 0 0 0 0 0 0 0 0 0 0

Attachment A

Footpath and kerb renewal 10 year program $

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10

ASSET ID LOCATION COMMUNITY

FOOTPATH

LENGTH(m)

KERB

LENGTH

(m) 20/21 21/22 22/23 23/24 24/25 25/26 26/27 27/28 28/29 29/30

Deferred Christina Street Cygnet 0 100

Deferred Emma Street Cygnet 100 157F0168 Donohoe Street Cygnet 112.47 40,000K0148/149 Car park (Huon Arcade) Huonville 36 28,083F0222 Brownell Street Geeveston 215.28 218 105,297F0038 Shield Street Huonville 212.17 212.17 82,229F0092 Marguerite Street Ranelagh 165 156 81,540

F0250 School Road Geeveston 119.52 0 35,024 20,000F0370 School Road Geeveston 55 0

F0107 Huon Highway Huonville 185.11 0 59,976F0069 Huon Highway Huonville 259.27 0 70,000F0247 School Road Geeveston 90.38 90.38 45,297

F0124 Main Road Huonville 361.87 0 116,633

F0184 Mary Street Cygnet 95,000

F0149 Channel Highway Cygnet 55.93 0 80,000

F0148 Channel Highway Cygnet 122.44 0 100,000

F0209 Channel Highway Cygnet 116.66 130.23 60,000

Inspection based replacement 8,550 18,161 16,930 86,930 1,930 121,930 181,930 181,930 181,930

Total Program 181,930 181,930 181,930 181,930 181,930 181,930 181,930 181,930 181,930 181,930

Depreciation 181,930 181,930 181,930 181,930 181,930 181,930 181,930 181,930 181,930 181,930

Other income

Total available funds 181,930 181,930 181,930 181,930 181,930 181,930 181,930 181,930 181,930 181,930

Surplus/(Deficit) 0 0 0 0 0 0 0 0 0 0

Attachment C

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10ASSET ID COMMUNITY DESCRIPTION 20/21 21/22 22/23 23/24 24/25 25/26 26/27 27/28 28/29 29/30

35 Franklin Used for Fire Training 113,000Rear of IGA 210,000

96 Huonville Esplanade 40,000NEW Huonville Esplanade 40,000178 Ranelagh Ranelagh Show Ground 47,000

Inspection based replacement 18,448 45,448 38,448 71,448 118,448 118,448 118,448 118,448 118,448 118,448

Total program 228,448 158,448 118,448 118,448 118,448 118,448 118,448 118,448 118,448 118,448

Depreciation 228,448 228,448 228,448 228,448 228,448 228,448 228,448 228,448 228,448 228,448

other income New Capital Funds 40,000

Total Available 228,448 268,448 228,448 228,448 228,448 228,448 228,448 228,448 228,448 228,448

Surplus/(Deficit) 0 110,000 110,000 110,000 110,000 110,000 110,000 110,000 110,000 110,000

Attachment D Sealed car parks renewal 10 year program $

Bridges renewal 10 year program $

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10LIST NO. CLASSIFICATION BRIDGE NO. RIVER NAME ROAD NAME 20/21 21/22 22/23 23/24 24/25 25/26 26/27 27/28 28/29 29/30

144 MBA 3435 Dover Rivulet Slaughterhouse Road 140,000195 MBD 4932 Un-named Creek Sepia Road 50,000220 MBA N-No 17 Badger Creek Denison Road 100,000113 MBA 2751 Kemps Creek Lorkins Road 80,000230 MBA 3 Kermandie River School Road 150,000210 MBA N-No 5 Port Esperance Huon Highway 70,000216 MBA N-No 12 Agnes Rivulet Unnamed Road1 off Slab Road 89,00063 MBA 1319 Kemps Creek Lorkins Road 80,000

3106 MBA 6348 Kermandie River Huon HighwayInspection based replacement and single property bridge replacement 165,109 135,109 95,109 266,109 355,109 355,109 355,109 355,109 355,109 355,109

Total Program 355,109 355,109 355,109 355,109 355,109 355,109 355,109 355,109 355,109 355,109

355,109 355,109 355,109 355,109 355,109 355,109 355,109 355,109 355,109 355,109

other income New Capital Funds

355,109 355,109 355,109 355,109 355,109 355,109 355,109 355,109 355,109 355,109

Surplus/(Deficit) -0 -0 -0 -0 -0 -0 -0 -0 -0 -0

Total available funds

Depreciation

Attachment E

Marine Facilities renewal 10 year program $

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10Asset # Description Community 20/21 21/22 22/23 23/24 24/25 25/26 26/27 27/28 28/29 29/30

Fenders and Whalers 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000

MF01 Boat ramp Charlotte Cove Road

MF02( 6850) Jetty Charlotte Cove Road 81,000

MF03 Jetty Chuter Street

MF04 Boat Ramp Chuter Street

MF05 Breakwater Chuter Street

MF05 Boat Ramp Surveyors Bay Road

MF06 Jetty Cygnet Coast Road

MF07 Double Boat Ramp Lymington Road

MF08 Jetty Lymington Road

MF09 Fishing Platform Cygnet Coast Road

MF10 Jetty Ferry Road 10,000 10,000

MF11 Boat Ramp Ferry Road

MF12 Boat Ramp The Esplanade

MF13 (6861) Fishing Platform The Esplanade

MF15 Boat Ramp Franklin Foreshore

MF16 Jetty Foreshore

MF17 (6864) Jetty Shipwrights Point 25,000

MF18 Boat ramp Shipwrights Point

MF19 Jetty Shipwrights Point

MF20 (6867) Jetty Kingfish Beach Road 65,000

MF21 Boat ramp Kingfish Beach

MF22 Boat Ramp Bay View Road

MF23 Jetty Bay View Road 56,178 56,179

MF24 Jetty Surveyors Bay Coastal Reserve

MF26 Boat Ramp Esperance Coast Road

MF28 Fishing Platform Foreshore

MF29 Pontoon Judbury Park

MF31 Viewing Platform Heritage Park

MF32 Timber Jetty The Esplanade

Inspection based replacement 11,337 11,337 11,337 11,337 11,337 11,337 11,337 17,337 1,159 1,159

Total Program 36,337 36,337 36,337 36,337 36,337 36,337 36,337 213,337 92,337 92,338

Depreciation 36,337 36,337 36,337 36,337 36,337 36,337 36,337 36,337 36,337 36,337

Other income

177,000 56,000 56,001


Surplus/(Deficit) 0 0 0 0 0 0 0 0 0 0

New Capital Funds

Inspection based replacement program

Attachment F


PG01 Mountain River 263 Mountain River RoadPG02 Ranelagh Agnes Street 28,901

PG03 Judbury Calvert Park, Glen Huon Road 32,000

PG04 Glen Huon Watsons Road 70,000

PG05 Huonville Recreation Ground 30,000

PG07 Cradoc Cradoc Park Channel Highway 40,000

PG08 Cygnet Burtons Reserve, Charlton Street 82,000

PG09 Franklin Foreshore (Southern End) 60,000

PG10 Port Huon Shipwrights Point Regatta Ground 82,000

PG11 Port Huon Palmers Road

PG15 Geeveston School Street (opposite John Street) 30,000

PG17 DoverEsperance Bay Kent Beach Road, Foreshore Reserve 90,901

PG20 Dover Health Centre Skate parkPG21 Geeveston Heritage Park Skate park 82,000

PG22 Huonville Recreation Ground 90,901

PG23 DoverEsperance Bay Kent Beach Road, Foreshore Reserve

PG24 Cygnet Burtons Reserve, Charlton Street 82,000

PG25 Huonville Huonville Child CarePG26 Dover Child Care CentrePG27 Cygnet Burtons Reserve, Skate parkPG28 Huonville Recreation Ground 30,000

Inspection based replacement 20,901 0 8,901 8,901 8,901 8,901 0 8,901 30,901

Total Program 90,901 90,901 108,901 90,901 90,901 90,901 90,901 90,901 90,901 90,901

Depreciation 90,901 90,901 90,901 90,901 90,901 90,901 90,901 90,901 90,901 90,901

Other income

Subject to approval 21,000


Surplus/(Deficit) 0 0 3,000 0 0 0 0 0 0 0

Playgrounds renewal 10 year program $ Attachment G

New Capital Funds

Carried forward program

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10ASSET ID 20/21 21/22 22/23 23/24 24/25 25/26 26/27 27/28 28/29 29/30

Oval Drainage Ranelagh

Practice Nets Franklin 54,000 7,000

Netball Court Huonville 7,000

Pool Port Huon

Pool Huonville

Tennis Court Dover 7,000

Tennis Court Franklin 7,000

Cricket nets Judbury 7,000

Goal replacement Cygnet 28,000

Oval Drainage Huonville 14,000

Resurface oval Huonville 10,000

Resurface oval Cygnet 15,000 10,000

Resurface oval Franklin 15,000 15,000 10,000

Athletics Track Huonville 35,000

Oval Drainage Cygnet

Condition based replacement 15,871 15,871 20,871 33,871 15,871 25,871 40,871 50,871 50,871

Total Program 54,000 50,871 50,871 50,871 50,871 50,871 50,871 50,871 50,871 50,871

Depreciation 54,000 54,000 54,000 54,000 54,000 54,000 54,000 54,000 54,000 54,000

Other income

Subject to approval


Surplus/(Deficit) 0 3,129 3,129 3,129 3,129 3,129 3,129 3,129 3,129 3,129

Sports Facilities renewal 10 year program $

New Capital


COMMUNITY

Asset Reallocation

Attachment H

Street Furniture renewal 10 year program $

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10Asset Type 20/21 21/22 22/23 23/24 24/25 25/26 26/27 27/28 28/29 29/30

Streetscape 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000

Parks and Reserves 75,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000

Works based on inspection 12,536 12,536 12,536 12,536 12,536 12,536 12,536 12,536 12,536 12,536

Total Program 137,536 137,536 137,536 137,536 137,536 137,536 137,536 137,536 137,536 137,536

Depreciation 137,536 137,536 137,536 137,536 137,536 137,536 137,536 137,536 137,536 137,536

Other income

Subject to approval


Surplus/(Deficit) 0 0 0 0 0 0 0 0 0 0

New Capital Funds


Attachment I

Walking Tracks renewal 10 year program $

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10Asset ID 20/21 21/22 22/23 23/24 24/25 25/26 26/27 27/28 28/29 29/30

Various 38,325

Inspections underway 38,325 38,325 38,325 38,325 38,325 38,325 38,325 38,325 38,325

Total Program 38,325 38,325 38,325 38,325 38,325 38,325 38,325 38,325 38,325 38,325

Depreciation 38,325 38,325 38,325 38,325 38,325 38,325 38,325 38,325 38,325 38,325

Other income


Surplus/(Deficit) 0 0 0 0 0 0 0 0 0 0

New Capital Funds


Attachment K


VARIOUS VARIOUS Independent living unit allocation 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000

B75 Southport Toilet replacement - location 150,000

VARIOUS Structural work as required 77,171 39,028 199,973 180,123 159,442 138,229 284,559 360,000 214,570 214,569

10453, 10443 Ranelagh Toilets at Ranelagh Recreation ground 130,000 200,000

Ranelagh Recreation ground toilets

VARIOUS

Works to be determined/review

underway 103,143 292,198 312,048 332,729 353,942 207,612 132,171 277,601 277,602

Ranelagh Hall roof 40,000

Ranelagh Cricket Club works 50,000

Planning Permit/drafting/consultation 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000

10437 Huonville Browns Garage subject to grant 150,000

Cygnet Cenotaph renewal subject to grant 45,000

Total Program 642,171 642,171 642,171 642,171 642,171 642,171 642,171 642,171 642,171 642,171

Depreciation 642,171 642,171 642,171 642,171 642,171 642,171 642,171 642,171 642,171 642,171

Other income


Surplus/(Deficit) 0 0 0 0 0 0 0 0 0 0

Buildings renewal 10 year program $

New Capital


Attachment L

Stormwater renewal 10 year program $Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10

Asset ID 20/21 21/22 22/23 23/24 24/25 25/26 26/27 27/28 28/29 29/30Work in conjunction with Road 215,557 215,557 215,557 215,557 215,557 215,557 215,557 215,557 215,557 215,557

Total Program 215,557 215,557 215,557 215,557 215,557 215,557 215,557 215,557 215,557 215,557

Depreciation 215,557 215,557 215,557 215,557 215,557 215,557 215,557 215,557 215,557 215,557Other income

Subject to approval Carried forward program


Surplus/(Deficit) 0 0 0 0 0 0 0 0 0 0

New Capital

Attachment M

Plant and Fleet renewal 10 year program $Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10

Asset ID 20/21 21/22 22/23 23/24 24/25 25/26 26/27 27/28 28/29 29/30Annual Expenditure 710,228 710,228 710,228 710,228 710,228 710,228 710,228 710,228 710,228 710,228

Total Program 710,228 710,228 710,228 710,228 710,228 710,228 710,228 710,228 710,228 710,228

Depreciation 710,228 710,228 710,228 710,228 710,228 710,228 710,228 710,228 710,228 710,228Other income

Subject to approval Carried forward program


Surplus/(Deficit) 0 0 0 0 0 0 0 0 0 0

New Capital

Attachment N

Documents

Estimates and Annual Budget V7 FINAL...2020/07/16 · Budget) of its revenue and expenditure each financial year. These are required to be adopted by 31 August each year. The Budget