ANNUAL REPORT 2007-2008 CITY OF GREATER GEELONG

2006-2007
2007-2008
$1.13
$1.36
CITY OF GREATER GEELONG ANNUAL REPORT 2007-2008
Assets
Council has an extensive capital works program to renew,
upgrade and provide new assets to ensure the
continuation and improvement of services provided to
the community. Council spent $52.4M on capital
works in 2007-2008. This included:
• Road replacement and construction $11.1M
• Plant and vehicles $4.7M
• Bellarine Aquatic and Sports Centre $2.7M
• Drainage replacement and construction $2.6M
• Footpath replacement and construction $1.5M
• Land purchases $1.3M
• Corio Landfill rehabilitation $0.6M
• Leisurelink replacement $3.1M
• Drysdale Landfill Cell $1.0M
• Barwon Heads Streetscape $0.8M
• Kardinia Park Legends Boulevard $0.4M
• Geelong West Library Upgrade $0.7M
• Parking Meters Upgrade $0.6M
• North Shore Pavilion Upgrade $0.4M
Council's capital expenditure was high in 2004-2005
due to the development of Skilled Stadium.
0 0.5 1
1.5 2
2.5
$ of current assets per $ of current liability
Capital Program
2003-2004
2004-2005
2005-2006
2006-2007
2007-2008
0
Capital Expenditure $M
10 20
30 40 50
60 70
Infrastructure Maintenance and Renewal
$35.5M
$38.9M
$49.1M
$52.4M
$61.5M
2003-2004 2004-2005 2005-2006 2006-2007 2007-2008
$M $M $M $M $M
Parks and Road Maintenance 20.0 21.3 22.6 20.8 23.6
Road and Footpath Works 8.8 10.4 9.0 10.6 10.3
Building Maintenance 2.9 3.0 2.8 2.9 3.4
Recreation Infrastructure 1.1 2.0 2.2 2.3 2.7
Community Infrastructure 0.3 0.2 0.2 0.3 0.3
Total 33.1 36.9 36.8 36.9 40.3
Council budgets maintenance and renewal expenditure to maintain its assets in line with the priorities identified in its
asset management plans. Expenditure on Parks and Roads routine maintenance returned to 2005-2006 levels.
Expenditure in 2006-2007 was reduced due to maintenance grading program on unsealed roads and delays in
renovation programs in parks and reserves due to water restrictions.
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