City of Greater Bendigo Budget 2015/2016

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6. Analysis of Capital Budget This section analyses the planned capital expenditure Budget for the 2015/16 year and the sources of funding for the capital Budget. 6.1 Capital Works Capital Works Areas Ref Forecast Actual 2014/15 $’000 Budget 2015/16 $’000 Variance $’000 Land Improvements 6.1.1 3,994 4,186 192 Buildings 6.1.2 11,884 15,659 3,775 Plant, Equipment and Other 6.1.3 5,070 4,616 (454) Roads and Bridges 6.1.4 20,864 24,175 3,311 Drainage 6.1.5 6,587 3,363 (3,224) Public Furniture and Fittings 6.1.6 3,627 3,740 113 Total Capital Works 52,026 55,739 3,713 Represented by: New assets 6.1.7 14,343 20,509 6,166 Asset renewal/upgrade 6.1.7 22,418 22,878 460 Asset expansion 6.1.7 15,265 12,352 (2,913) Total capital works 52,026 55,739 3,713 Source: Appendix A A more detailed listing of the Capital Works program is included in Appendix C Budgeted Capital Works 2015/16 Roads and Bridges 44% Public Furniture and Fittings 7% Land Improvements 8% Buildings 28% Roads and Bridges 43% Plant, Equipment and Other 8% 38 Greater Bendigo City Council Budget – 2015/16
Budgeted Capital Works 2015/16 by Asset Classification Asset Renewal 41% New assets 40% Asset Expansion 19% 6.1.1 Land Improvements ($4.19 million) The more significant projects budgeted for 2015/16 includes the further development of the Bendigo Botanic Gardens ($1.5 million), airport water and landfill treatment ($0.6 million) and upgrade for compliance at Kennington, Elmore and Strathdale Park tennis courts ($0.7 million). 6.1.2 Buildings ($15.66 million) The more significant projects budgeted for 2015/16 include the construction at the Bendigo Stadium ($5.8 million), Bendigo Indoor Aquatic and Wellbeing Centre ($3.0 million), Canterbury Park and Barrack Reserve Pavilions ($2.2 million) and various upgrades of historic buildings including, but not limited to, the Bendigo Town Hall, The Bendigo Trust, the Bendigo Art Gallery, the RSL Soldiers Memorial Institute and Eaglehawk Town Hall ($2.1 million). 6.1.3 Plant, Equipment and Other ($4.61 million) For the 2015/16 year, $4.4 million will be expended on plant, equipment and IT assets. The more significant projects include ongoing cyclical replacement of the plant and vehicle fleet ($3.52 million) and upgrade and replacement of information technology ($0.46 million). 6.1.4 Roads and Bridges ($24.18 million) This classification includes local roads, bridges, footpaths, kerb and channel, bike/walking paths and traffic control. The more significant projects include renewal of various road construction, bridge, traffic management and streetscape works ($15 million), the construction of the Bendigo Airport runway ($6.83 million), new footpath program ($1.07 million) and stage 4 of the East Bendigo Road Link ($0.96 million). 6.1.5 Drainage ($3.36 million) For the 2015/16 year, $3.36 million will be expended on drainage projects. The need for a continued increased commitment to drainage works has been identified with various drainage works to be undertaken throughout the municipality. Greater Bendigo City Council Budget – 2015/16 39
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 and 10: 7. Strategic objectives 50.0 strate
Page 11 and 12: 1. Linkage to the Council Plan This
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: 5.1.4 Cash and Cash Equivalents at
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
Page 61 and 62: Appendices The following appendices
Page 63 and 64: APPENDIX A Comprehensive Income Sta
Page 65 and 66: APPENDIX A Statement of Changes in
Page 67 and 68: APPENDIX A Statement of Capital Wor
Page 69 and 70: APPENDIX B Appendix B - Rates and C
Page 71 and 72: APPENDIX B 1.3 The proposed percent
Page 73 and 74: APPENDIX B 1.9 The proposed unit am
Page 75 and 76: APPENDIX B 2. Rates 2.1 Rates to be
Page 77 and 78: APPENDIX B General Rate Land is any
Page 79 and 80: APPENDIX B The differential rate wi
Page 81 and 82: APPENDIX B a. Assist Council to mee
Page 83 and 84: APPENDIX C Appendix C - Capital and
Page 85 and 86: Capital Works Area Project Descript
Page 87 and 88: APPENDIX C Capital Works Area Proje
Page 93 and 94:
APPENDIX C Capital Works Area Proje
Page 95 and 96:
APPENDIX D Appendix D - Maps D - 1:
Page 97 and 98:
APPENDIX D D - 2 COMMERCIAL/INDUSTR
Page 99 and 100:
APPENDIX E Non-Renewal Business Cas
Page 101 and 102:
APPENDIX E Part C: Deliverability T
Page 103 and 104:
APPENDIX F City Futures Fees and Ch
Page 105 and 106:
Page 107 and 108:
Page 109 and 110:
APPENDIX F Community Wellbeing Fees
Page 111 and 112:
APPENDIX F Community Wellbeing Fees
Page 113 and 114:
APPENDIX F Planning & Development F
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Page 119 and 120:
Page 121 and 122:
APPENDIX F Presentation & Assets Fe
Page 123 and 124:
Page 125 and 126:
Page 127 and 128:
APPENDIX G Appendix G - Glossary of
Page 129 and 130:
APPENDIX G Term Local Government (P
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City of Greater Bendigo Budget 2015/2016

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