City of Greater Bendigo Budget 2015/2016

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The following graph shows the general financial indicators over the four year period. $,000 80,000 60,000 40,000 20,000 0 -20,000 F2014/15 B2015/16 SRP2016/17 SRP2017/18 SRP2018/19 Operating result Underlying operating result Cash and investments Cash flows from operations Capital works The key outcomes of the Strategic Resource Plan are as follows: • Financial sustainability (Section 5) - Cash and investments are forecast to increase over the four year period from $34.50 million to $37.68 million. Cash held at 30 June is simply reflective of the timing of cash inflows and outflows. • Rating strategy (Section 9) – Rates increases are forecast to be 4.75% for 2015/16 and then remain constant at 5.0% over the three years 2016/17 to 2018/19. • Service delivery strategy (Section 10) – Service levels have been increased in some areas throughout the four year period. Despite this, operating surpluses are forecast in all years as a result of continued operating and capital grant revenue being received to fund both the annual operating and Capital Works programs. The underlying result is a measure of financial sustainability and is an important measure as once-off items can often mask the operating result. • Borrowing strategy (Section 10) – Borrowings are forecast to increase from $35.45 million to $49.27 million over the four year period. This includes new borrowings of $5 million in 2015/16, $17 million in 2016/17, $3 million in 2017/18 and $3 million in 2018/2019. These proposed borrowings are in line with Council’s borrowing strategy and reflect the identified requirements to meet forward capital works Budgets. • Asset Management (Section 10) - Capital expenditure over the four year period will total $225.37 million at an average of $56.34 million per annum. 46 Greater Bendigo City Council Budget – 2015/16
8.3 Key Financial Indicators The following table highlights Council’s current and projected performance across a range of key financial indicators. These provide a useful analysis of Council’s financial position and performance and should be used in the context of the organisation’s objectives. Indicator Operating position Adjusted underlying result Liquidity Working Capital Unrestricted cash Obligations Loans and borrowings Loans and borrowings Indebtedness Asset renewal Stability Rates concentration Rates effort Expenditure level Revenue level Measure Adjusted underlying surplus (deficit) / Adjusted underlying revenue Current assets / current liabilities Unrestricted cash / current liabilities Interest bearing loans and borrowings / rate revenue Interest and principal repayments on interest bearing loans and borrowings / rate revenue Non-current liabilities / own source revenue Asset renewal expenses / depreciation Rate revenue / adjusted underlying revenue Rate revenue / CIV of rateable properties in the municipality Total expenditure / no. of property assessments Residential rate revenue / No. of residential property assessments Notes Forecast Actual Budget Strategic Resource Plan Projections Trend 2014/15 2015/16 2016/17 2017/18 2018/19 +/o/- 1 (5.16%) 3.02% 2.43% 1.87% 1.91% + 2 145% 148% 144% 145% 146% + 31% 31% 24% 33% 45% + 3 34.0% 35.7% 47.5% 44.2% 40.9% + 3.4% 3.2% 3.8% 5.2% 5.2% + 30.6% 30.9% 39.6% 36.9% 34.4% - 4 73% 77% 100% 100% 100% + 5 56% 61% 63% 64% 64% O 0.51% 0.53% 0.55% 0.58% 0.60% + $3,158 $2,783 $2,877 $2,999 $3,108 + $1,243 $1,315 $1,356 $1,400 $1,443 + Greater Bendigo City Council Budget – 2015/16 47
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 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: 8. Strategic Resource Plan and Fina
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 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:
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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 121 and 122:
APPENDIX F Presentation & Assets Fe
Page 123 and 124:
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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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