City of Greater Bendigo Budget 2015/2016

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Budget Processes This section lists the budget processes to be undertaken in order to adopt the Budget in accordance with the Local Government Act 1989 (The Act) and Local Government (Planning and Reporting) Regulations 2014 (the Regulations). Under the Act, Council is required to prepare and adopt an Annual Budget for each financial year. The Budget is required to include certain information about the rates and charges that Council intends to levy, as well as a range of other information required by the Regulations which support the Act. The 2015/16 Budget is for the financial year 1 July 2015 to 30 June 2016 and is prepared in accordance with the Act and Regulations. The Budget includes financial statements - Comprehensive Income Statement, Balance Sheet, Statement of Changes in Equity, Statement of Cash Flows, Statement of Capital Works and Statement of Human Resources. These statements have been prepared for the year ended 30 June 2016 in accordance with the Act and the Regulations, and are consistent with the annual financial statements which are prepared in accordance with Accounting Standards. The Budget also includes detailed information about the rates and charges to be levied, the Capital Works program to be undertaken, the human resources required and other financial information, which Council requires in order to make an informed decision about the adoption of the Budget. The preparation of the Budget began with Officers preparing the draft operating and capital components of the Annual Budget between November and February. A draft consolidated Budget was considered by Councillors at briefings in March. The proposed Budget is submitted to Council in April for approval in principle, Council is then required to give public notice that it intends to adopt a budget. Council must give 28 days’ notice of its intention to adopt the proposed Budget and make the Budget available for inspection. Any interested person has a right to make a submission on any proposal contained in the Budget and any submission must be considered before adoption of the Budget by Council. Council undertakes media briefings, promotion and displays copies of the proposed Budget in the local media and on the City of Greater Bendigo's website. Hard copies are also available at Council offices. The final step is for Council to adopt the Budget after receiving and considering any submissions from interested parties. The Budget is required to be adopted and a copy submitted to the Minister within 28 days of adoption. The key dates for the Budget process are summarised below: Budget process Timing 1. Officers prepare operating and capital Budgets Feb 2. Council considers draft Budget March 3. Proposed Budget submitted to Council for approval April 4. Public notice advising of Council’s intention to adopt the Budget April 5. Budget available for public inspection and comment April 6. Submissions period closes (28 days) May 7. Submissions considered by a Committee of Council May 8. Budget and submissions presented to Council for adoption June 9. Copy of adopted Budget submitted to the Minister July 6 Greater Bendigo City Council Budget – 2015/16
1. Linkage to the Council Plan This section describes how the Annual Budget links to the achievement of the Council Plan within an overall planning framework. This framework guides the Council in identifying community needs and aspirations over the long term (Greater Bendigo 2036), medium term (Council Plan, Strategic Resources Plan) and short term (Annual Actions and Budget) and then holding itself accountable (Annual Report and Audited Statements). 1.1 Strategic Planning Framework The Strategic Resource Plan, included in the Council Plan, is a rolling four year plan that provides a summary of the financial and non-financial impacts of the objectives and strategies and determines the sustainability of these objectives and strategies. The Annual Budget is developed and framed within the Strategic Resource Plan, taking into account the activities and initiatives which contribute to achieving the Council’s strategic objectives specified in the Council Plan. The timing of each component of the planning framework is critical to the successful achievement of the planned outcomes. A new Council Plan, including the Strategic Resource Plan, is required to be completed by 30 June following a general election and is reviewed each year in advance of the Annual Budget process. The diagram over the page depicts the strategic planning framework of Council. Greater Bendigo City Council Budget – 2015/16 7
Page 1 and 2: City of Greater Bendigo Budget 2015
Page 3 and 4: TABLE OF CONTENTS Page Mayor’s In
Page 5 and 6: Mayor’s Introduction, Cr Peter Co
Page 7 and 8: 3. Cash and Investments 50.00 48.15
Page 9: 7. Strategic objectives 50.0 strate
Page 13 and 14: 1.2 Vision and Values Council Visio
Page 15 and 16: 2. Services, Initiatives and Servic
Page 17 and 18: 4) Employ additional payroll staff
Page 19 and 20: 2.3 Theme 3 - Presentation and Vibr
Page 21 and 22: 18) Implement the Inclusion and Div
Page 23 and 24: Initiatives Services Group to assis
Page 25 and 26: 34) Develop an Environmental Sustai
Page 27 and 28: 3. Budget Influences This section s
Page 29 and 30: • The growing urban area means th
Page 31 and 32: To support requirements for new inf
Page 33 and 34: 100,000 Rates & Charges Income Comp
Page 35 and 36: Community Welfare 344 350 6 Materna
Page 37 and 38: Budgeted expense 2015/16 Borrowing
Page 39 and 40: 5. Analysis of Budgeted Cash Positi
Page 41 and 42: 5.1.4 Cash and Cash Equivalents at
Page 43 and 44: Budgeted Capital Works 2015/16 by A
Page 45 and 46: 6.2.1 Grants - Capital ($14.17 mill
Page 47 and 48: 7.1.1 Current Assets ($1.88 million
Page 49 and 50: 8. Strategic Resource Plan and Fina
Page 51 and 52: 8.3 Key Financial Indicators The fo
Page 53 and 54: 9. Rating Information This section
Page 55 and 56: The commercial/industrial propertie
Page 57 and 58: An additional recycle bin is availa
Page 59 and 60: • Infrastructure investment decis
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Appendices The following appendices
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APPENDIX A Comprehensive Income Sta
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APPENDIX A Statement of Changes in
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APPENDIX A Statement of Capital Wor
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APPENDIX B Appendix B - Rates and C
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APPENDIX B 1.3 The proposed percent
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APPENDIX B 1.9 The proposed unit am
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APPENDIX B 2. Rates 2.1 Rates to be
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APPENDIX B General Rate Land is any
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APPENDIX B The differential rate wi
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APPENDIX B a. Assist Council to mee
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APPENDIX C Appendix C - Capital and
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Capital Works Area Project Descript
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APPENDIX C Capital Works Area Proje
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APPENDIX D Appendix D - Maps D - 1:
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APPENDIX D D - 2 COMMERCIAL/INDUSTR
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APPENDIX E Non-Renewal Business Cas
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APPENDIX E Part C: Deliverability T
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APPENDIX F City Futures Fees and Ch
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APPENDIX F Community Wellbeing Fees
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APPENDIX F Community Wellbeing Fees
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APPENDIX F Planning & Development F
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APPENDIX F Presentation & Assets Fe
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APPENDIX G Appendix G - Glossary of
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APPENDIX G Term Local Government (P
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City of Greater Bendigo Budget 2015/2016

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