ANNUAL REPORT 2007-2008 CITY OF GREATER GEELONG

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CITY OF GREATER GEELONG VICTORIAN LOCAL GOVERNMENT INDICATORS The listed financial indicators are requested by the Department of Victorian Communities from each Council in Victoria to provide a comparison of financial performance across Councils. Overall Council's financial indicators show a sound financial position and a continuing requirement to ensure asset renewal and maintenance is completed in line with the priorities identified in the Asset Management plans. Indicators 2006-2007 Results 2007-2008 Results CITY OF GREATER GEELONG ANNUAL REPORT 2007-2008 1. Average Rates and Charges per Assessment Total Rates and charges net billed $106,482,000 $1,080.27 $115,360,000 $1,156.93 Number of assess ments budget 98,570 per assessment 99,712 per assessment Councils rates per assessment have increased in line with the population and housing growth and the budgeted rates increases. 2. Average Rates and Charges per Residential Assessment Rates and charges declared for residential and garbage and municipal charge excluding vacant land $80,137,610 $935.96 $85,032,094 $976.64 Number of residential assessments budget 85,621 per residential 87,066 per residential assessment assessment Councils rates per residential assessment have increased in line with the population and housing growth and the budgeted rates increases. 3. Average Liability per Assessment Total liabilities $55,129,000 $559.29 $55,332,000 $554.92 Number of assessments budget 98,570 per assessment 99,712 per assessment Liabilities per assessment has remained constant due to the new loan of $3.12M taken out in 2007-2008 and the final repayments of the $18M loan. 4. Operating Result per Assessment Net Surplus $40,485,000 $410.72 $27,399,000 $274.78 Number of assessments budget 98,570 per assessment 99,712 per assessment The operating result per assessment has decreased due to reduced asset recognition from revaluations. 5. Average Operating Expenditure per Assessment Operating Expenditure $182,974,000 $1,856.28 $199,426,000 $2000.02 Number of assessments budget 98,570 per assessment 99,712 per assessment The average operating expenditure per assessment has increased because of the increased payments to employees and increased expenditure on materials and services. 6. Community Satisfaction Rating for Overall Performance of Council Result from the Annual Community Satisfaction Survey for Local Governments (Indexed mean) 58 60 Remains consistent with previous year, however significant improvement on 2005-2006 results. 123
CITY OF GREATER GEELONG VICTORIAN LOCAL GOVERNMENT INDICATORS (cont’d) Indicators 2006-2007 Results 2007-2008 Results 7. Average Capital Expenditure per Assessment Capital Expenditure $49,067,386 $497.79 $52,441,476 $525.93 Number of assessments budget 98,570 per assessment 99,712 per assessment Capital Expenditure per assessment has increased in 2007-2008 due to the commencement and/or completion of a number of large projects during the year including the Leisurelink facility, Bellarine Aquatic and Sports Centre and the Legends Boulevarde. 8. Renewal Gap on all assets Capital renewal $16,463,000 For each $1 of asset $15,598,000 For each $1 of asset consumption Council consumption Council Average Annual Asset Consumption $34,279,000 spends $0.48 $35,560,000 spends $0.44 on renewal on renewal Renewal expenditure decreased from $16.4M in 2006-2007 to $15.6M in 2007-2008. As a percentage of total capital expenditure, renewal expenditure decreased from 33.6% to 29.7% in 2007-2008 due to the mix of projects and the level of expenditure on upgrade and new projects. 9. Renewal and Maintenance Gap Capital Renewal and Maintenance $52,155,841 For each $1 of asset $52,904,739 For each $1 of asset consumption and consumption and Average Annual Asset Consumption plus Planned Maintenance $79,494,360 planned maintenance $82,360,424 planned maintenance Council spends $0.66 Council spends $0.65 on renewal and on renewal and maintenance maintenance The Capital Renewal and Maintenance Gap indicates that expenditure has remained constant from year to year . Council will continue to address the level of maintenance and renewal in line with its Asset Management Plans. 10. Advocacy and Community Representation on Key Local Issues Result from the Annual Community Satisfaction Survey for Local Governments (indexed mean) 60 61 Remains consistent with previous year. 11. Engagement in Decision Making on Key Local Issues Result from the Annual Community Satisfaction Survey for Local Governments (indexed mean) 54 56 Remains consistent with previous year, however significant improvement on 2005-2006 results. 124
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ANNUAL REPORT 2007-2008 CITY OF GRE
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THE YEAR’S HIGHLIGHTS Satyam Tech
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OVERVIEW Welcome to the City of Gre
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OUR HISTORY - FROM JILLONG TO GEELO
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THEN NOW Eastern Beach 6
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approaches to address key issues an
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Emily Benstead South Geelong Primar
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MESSAGE FROM THE CHIEF EXECUTIVE OF
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Port Phillip Bay Victoria Corio Bay
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Port Phillip Bay Port Phillip Bay P
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Port Phillip Bay Port Phillip Bay C
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PLANNING AND REPORTING FRAMEWORK Ho
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THE YEAR IN REVIEW At Council we pr
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The City of Greater Geelong commits
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CUSTOMER SERVICE COMMITMENTS AND AC
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Requests for Service In addition to
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COUNCIL FUNDING PRIORITIES Council
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SUMMARY OF FINANCIAL RESULTS FOR 20
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Loans Council took out a loan of $3
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Victorian Local Government Indicato
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BEST VALUE Council’s Best Value P
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COMMUNITY ENGAGEMENT The main purpo
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Consultation events 2007-2008 Depar
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Department Project Project Objectiv
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OUR PEOPLE The knowledge, skills, i
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VALUES AND BEHAVIOURS The City of G
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DIVISIONAL OPERATIONAL PERFORMANCE
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Development Sustainability Kate Sul
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Community Services Irene McGinnigle
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HUMAN RESOURCE MANAGEMENT Staff are
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STAFF PROFILE As at June 30, 2008 t
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EMPLOYEE EXCELLENCE AWARDS This pro
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OUR VOLUNTEERS Volunteering is inte
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CORPORATE GOVERNANCE To enhance com
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INTERNAL AUDIT The internal audit f
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Minutes of meetings of special comm
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COUNCIL APPOINTMENTS TO COMMITTEES
Page 75 and 76: THE PILLARS: HIGHLIGHTS AND ACHIEVE
Page 77 and 78: HEALTH AND WELLBEING Objective To h
Page 79 and 80: Health and Wellbeing - Outcomes Out
Page 81 and 82: Tamie Baljak Bell Park North Primar
Page 83 and 84: Jayco Bay Cycling Classic, Eastern
Page 85 and 86: Delivering on our Commitments: 2007
Page 87 and 88: Implementing the Local Action Plan
Page 91 and 92: Challenges Drought conditions in th
Page 93 and 94: TRANSPORTATION Objective To enhance
Page 95 and 96: Transportation - Outcomes Outcome M
Page 97 and 98: Bellarine Rail Trail 94
Page 99 and 100: Future Directions Main construction
Page 103 and 104: EDUCATION AND RESEARCH Objective To
Page 105 and 106: Education and Research - Outcomes O
Page 107 and 108: ARTS CULTURE AND HERITAGE Objective
Page 109 and 110: Arts, Culture and Heritage - Outcom
Page 111 and 112: TELECOMMUNICATIONS Objective To pro
Page 113 and 114: THEME 1: DEMOCRACY Objective To pro
Page 117 and 118: Challenges The objective to provide
Page 119 and 120: Best Value - Outcomes (Cont’d) Ou
Page 121 and 122: PILLARS - Key Strategic Activity Ta
Page 123 and 124: CITY OF GREATER GEELONG COUNCIL APP
Page 125: Kazuki Izumitani Ocean Grove Primar
Page 129 and 130: UNDERSTANDING THE FINANCIAL REPORT
Page 131 and 132: Standard Statements Basis of prepar
Page 133 and 134: CITY OF GREATER GEELONG STANDARD ST
Page 141 and 142: ANNUAL FINANCIAL REPORT CONTENTS FI
Page 143 and 144: CITY OF GREATER GEELONG BALANCE SHE
Page 145 and 146: CITY OF GREATER GEELONG CASH FLOW S
Page 147 and 148: CITY OF GREATER GEELONG NOTES TO TH
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CITY OF GREATER GEELONG NOTES TO TH
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CITY OF GREATER GEELONG COUNCIL APP
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Tiarnee Cornwill South Geelong Prim
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7 Cat Empire in Concert, The Geelon
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I Internal Audit 66 L Learning and
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CONTACT COUNCIL Many of the City’
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This Annual Report is printed on Mo
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ANNUAL REPORT 2007-2008 CITY OF GREATER GEELONG

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