Annual Plan 2016-17 - Approved by Council 27 June 2016

The LTFP and LTAMP can be downloaded from www.kingborough.tas.gov.au or a hard copy obtained
from Customer Services at the Civic Centre.
Council set up an incorporated entity Kingborough Waste Services Pty Ltd (KWS) to operate the
Barretta Waste Transfer Station on 1 July 2011. Council has provided a financial guarantee to KWS to
discharge any debt that it owes. KWS has four Directors, two independent and two Council
employees.
KWS for 2016/17 is expected to generate $1.96M in revenue and incur $1.96M in expenses resulting
in a break even result for the year. Due to the minor nature of the KWS financials, they are not
included in the annual plan financial forecasts.
The 2016/17 capital works program is again primarily focused on asset renewal and replacement
actions rather than the funding of new assets.
The total capital works budget for 2016/17 is $13.63M, which includes $2.63M for the former high
school site. The higher than normal capital expenditure is due to additional roads to recovery
funding in 2016/17.
Excluding works on the former high school site, approximately 75 per cent of the remaining capital
budget will be spent on the renewal of footpaths, bridges, roads and stormwater infrastructure. The
remaining balance will be on new or upgrading infrastructure.
Appendix B of the Annual Estimates Analyses provides a summary of capital estimates and key capital
projects for 2016/17.
Key budget information is provided below about the rate increase, operating result, cash and
investments, capital works, financial position, and financial sustainability of the Council.
Kingborough Council Annual Plan 2016/17 Page | 32
Approved by Council on 27 June 2016