Transcript Main Title - Pittwater Council

Pittwater 2025
2013-17 Delivery Program
& Budget
May 2013
Council Vision
To be a vibrant sustainable community of
connected villages inspired by bush, beach
& water
Strategic Framework
Community Strategic Plan
10 years+
Resourcing
strategy
10 years
Delivery Program
4 years
Operational Plan
Annual Report
(includes SoE)
Perpetual
monitoring and
review
Draft Pittwater 2025
Our Community Strategic Plan
Guiding Principles
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Sustainability – Environment, Social,
Economic, Governance
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Civic Leadership
Delivery Program
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Introduction
Overview
Financials
Delivery Program – Actions
Capital Improvement Program
Statement of Fees & Charges
2025 Vision
Changes to CSP
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Vision remains same
5 Key Directions remain same
Rationalisation of number of strategies
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Strategies
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Reduced duplication
Feedback over 4 years plus community
engagement
Updated Objectives
Strategic Initiatives now belong in Delivery Program
Added Challenges & Opportunities
Review of indicators
Engagement Outcomes
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Updated Objectives
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Identified Challenges & Opportunities
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Prioritisation at Community Workshops & Online
Reference Group Workshop
Manager Workshop
Councillor finalisation
Community Workshops
Youth workshops
Online comments
Email/ Letters
List of actions for consideration in Delivery Planning
Process
Engaging the Community
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Telephone Survey
Online comments
Community Forums
Youth Workshops
Reference Group
Councillor Workshop
Online Discussion
Email
Letters
Community Workshop
TOTAL
= 400
= 109
= 130
= 10
= 15
=8
=8
= 18
=3
= 30
= 731
Draft Delivery Program
& Budget 2013-2017
Budget – Planning Relationship
As a part of the 2013/14 Budget process, financial information that relates to Council’s Delivery Program
is utilised to produce next years budget estimates and longer term financial projections:
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Known income and expenditure, balance sheet and cashflow information
Projected income and expenditure, balance sheet and cashflow information based on the Delivery
Program, historical patterns and estimated future financial information
Sensitivity analysis (assumptions and scenarios that most likely affect Council)
Financial modelling for different scenarios (Loans, Developer Contributions, LTFP)
Budget relationship to Council’s Delivery Program is as follows:
1
2
Detailed budget
from the
Operational Plan
Pittwater Councils Long Term Financial Plan - 10 Years
3
4
5
6
7
8
Forward estimates
from the Delivery
Program
Financial projections
and assumptions
9
10
TCorp – Financial Sustainability Ratings
NSW Treasury’s (TCorp) recent Financial Sustainability Report has seen Pittwater Council rated one of the top 30
Council’s for financial sustainability in NSW with ratings of:
– FSR Current – Sound (Scale as seen above)
– FSR Outlook – Neutral (indicating continuing Sound position)
In discussions with TCorp, these results reflects Pittwater’s positive operating results, sound delivery of services and
Infrastructure, continued financial sustainability and overall effective corporate management.
2013/14 Budget Estimates
Desciption
Budget
2013/14
Operating Result
Operating Income
Operating Expenditure
Consolidated Result
Total Cash & Investments
Major Capital Works Program
Major Maintenance Works Program
Total Equity
Rating Income Yield
Unrestricted Current Ratio
Debt Service Ratio
Building Infrastructure Renewal Ratio
$
1,577,438
$
74,246,397
$
72,668,959
$
59,353
$
19,896,000
$
22,592,182
$
14,121,679
$ 1,052,410,000
$
37,515,253
2.34
2.86%
93.76%
Projected Operating and Consolidated
Budgeted Results For the Next 4 Years
Budget Forecasts 2013/14 to 2016/17
$1,800,000
$1,600,000
$1,577,438
$1,407,201
$1,400,000
$1,273,302
$1,200,000
$1,017,413
$
$1,000,000
$800,000
$600,000
$400,000
$200,000
$59,353
$78,423
$52,444
$60,663
$2013/14
2014/15
2015/16
Year
2016/17
Operating Result
Consolidated Result
2013/14 Budget – Major Works Program
Funding
Pittwater Council - Total Major Projects Program
2013/14 Budget ($36,713,861)
By Funding
$16,000,000
$14,471,623
$14,000,000
$12,000,000
$
$10,000,000
$8,825,605
$8,000,000
$6,742,000
$6,000,000
$3,890,381
$4,000,000
$2,000,000
$1,192,426
$1,591,826
Grants
Contributions & Charges
$General Revenue
Special Rate
Loan
S94
Funding Source
2013/14 Budget – Major Works Program
Capital
Pittwater Council - Major Projects 2013/14
Budgeted Expenditure ($36,713,861)
By Category
$18,000,000
$16,322,263
$16,000,000
$14,000,000
$12,323,443
$12,000,000
$
$10,000,000
$8,000,000
$6,000,000
$4,000,000
$3,214,211
$3,100,708
$1,753,236
$2,000,000
$Upgrade
Renewal
New
Maintenance
Operating
Expenditure Category
Upgrade - Additional expenditure on an asset to expand its useful life or add additional service potential
Renewal - Unplanned expenditure on an asset to restore an asset to its deemed useful life
New - Creation of a new asset
Maintenance - Planned expenditure to maintain an asset in a condition comensurate to its deemed useful life
Operating - Studies, Energy Initiatives, Sustainability Programs, CCTV Monitoring etc
Building Infrastructure Renewal
Ratios
Pittwater Council - Building & Infrastructure Renewal Ratio
(Benchmark >100%)
120.00%
100.00%
93.76%
97.00%
%
80.00%
71.98%
74.85%
2011/12
2010/11
60.00%
40.00%
20.00%
0.00%
2013/14 (Projected)
2012/13 (Projected)
Year
2013/14 Budget - Major Works Program
Pittwater Council
Total Major Works Program - By Type of Expenditure
Carpark - Improvements
Bridge
Buildings - New
Streetscape - Maintenance
Buildings - Maintenance
Road - Heavy Patch
Reserves - Maintenance
Drainage
Buildings - Improvements
Sports Field - Maintenance
Road - Resheet
Coastal Management
Bushland Restoration & Protection
Footpath
Traffic Facilities
Other
Commercial Centre - Maintenance
Asset Management
Cemetery Maintenance
Road - Heavy Patch/Resheet
Reserves - Improvements
Natural Environment
Rock Pools - Maintenance
Wharfs - Maintenance
Wharfs - Improvement
Flood Management
Walkway - Maintenance
Walkway - Improvements
Reserves - Playground Improvements
Kerb & Gutter
Rock Pools - Improvements
Commercial Centre - Improvements
Carpark - Maintenance
Total
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
2013/14 Draft Budget
7,338,185
5,145,605
2,685,746
2,276,819
1,719,223
1,693,718
1,690,685
1,597,884
1,424,183
1,125,126
1,098,358
1,029,982
1,006,776
872,452
710,309
696,509
620,759
541,462
499,500
480,000
447,200
399,182
370,499
286,593
251,296
217,596
141,772
117,942
80,000
50,500
45,000
35,000
18,000
36,713,861
19.99%
14.02%
7.32%
6.20%
4.68%
4.61%
4.61%
4.35%
3.88%
3.06%
2.99%
2.81%
2.74%
2.38%
1.93%
1.90%
1.69%
1.47%
1.36%
1.31%
1.22%
1.09%
1.01%
0.78%
0.68%
0.59%
0.39%
0.32%
0.22%
0.14%
0.12%
0.10%
0.05%
100%
Loans
Pittwater Council
10 Year Projected Loan Balance and Repayment Schedules
$18,000,000
$16,000,000
$14,000,000
$12,000,000
$
$10,000,000
$8,000,000
$6,000,000
$4,000,000
$2,000,000
$2012/13
2013/14
2014/15
2015/16
2016/17
2017/18
2018/19
2019/20
2020/21
2021/22
Ye ar
Loan Balances (Projected)
Annual Repayments (Projected)
Pittwater Council 10 Year Projected Debt Service Ratio Projections
6.00%
5.00%
%
4.00%
3.00%
2.00%
1.00%
0.00%
2012/13
2013/14
2014/15
2015/16
2016/17
2017/18
2018/19
Year
Debt Service Ratio (Projected)
Debt Service Ratio Policy
2019/20
2020/21
2021/22
Rating Valuations
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In 2012 the Valuer General released the latest land values for
Pittwater.
As outlined below the variations of each suburb are shown.
Total Land Value Change
2009 LV
2012 LV
% change
Locality
2,892,035,000
2,651,997,279
-8.30%
AVALON BEACH
1,085,182,150
1,054,877,730
-2.79%
BAYVIEW
264,144,100
248,874,900
-5.78%
BILGOLA BEACH
733,387,250
724,350,930
-1.23%
BILGOLA PLATEAU
402,501,040
397,383,110
-1.27%
CHURCH POINT
517,356,800
457,210,300
-11.63%
894,744,600
896,827,110
0.23%
526,739,300
587,796,300
11.59%
2,624,093,130
2,681,321,150
2.18%
MONA VALE
2,478,345,340
2,471,983,751
-0.26%
NEWPORT
1,123,681,600
1,125,200,030
0.14%
NORTH NARRABEEN
2,693,143,250
2,276,766,550
-15.46%
PALM BEACH
169,807,600
135,587,860
-20.15%
SCOTLAND ISLAND
1,285,943,650
1,303,554,130
237,393,700
199,200,800
-16.09%
WESTERN FORESHORES
859,761,600
738,822,900
-14.07%
WHALE BEACH
18,788,260,110
17,951,754,830
1.37%
-4.45%
CLAREVILLE
ELANORA HEIGHTS
INGLESIDE
WARRIEWOOD
Rating Valuations
• Based on the movements in Land Values in conjunction with
Pittwater’s permissible rate increase of 5.9% for 2013/14, the
average change in rates to be paid by suburb is shown below.
Average Residential Rates
Impact of Revaluation & 5.9% Rates Increase
RESIDENTIAL
No.
AVALON BEACH
BAYVIEW
BILGOLA BEACH
BILGOLA PLATEAU
CHURCH POINT
CLAREVILLE
ELANORA HEIGHTS
INGLESIDE
MONA VALE
NEWPORT
NORTH NARRABEEN
PALM BEACH
SCOTLAND ISLAND
WARRIEWOOD
WESTERN FORESHORES
WHALE BEACH
Total
Rate 12/13
Rate 13/14
Change $
Change %
3,848
1,056
112
1,222
439
392
1,387
281
3,952
3,763
1,755
1,231
371
2,057
337
300
1,295.28
1,749.85
3,787.66
1,019.76
1,550.73
2,218.25
1,085.59
2,179.08
1,080.22
1,194.15
975.66
3,586.97
917.85
991.45
1,133.08
4,810.49
1,318.36
1,893.00
3,976.05
1,121.73
1,705.04
2,179.82
1,211.32
2,756.37
1,213.43
1,320.15
1,088.47
3,372.53
883.78
1,107.17
1,059.57
4,581.43
23.08
143.15
188.39
101.97
154.31
-38.43
125.72
577.28
133.21
126.00
112.81
-214.45
-34.06
115.73
-73.51
-229.07
1.8%
8.2%
5.0%
10.0%
10.0%
-1.7%
11.6%
26.5%
12.3%
10.6%
11.6%
-6.0%
-3.7%
11.7%
-6.5%
-4.8%
22,503
1,389.42
1,471.26
81.83
5.9%
Where to From Here
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May – Public Exhibition & Meeting
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31 May for both CSP & Delivery Program
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Notes from public meeting to be posted to
current consultation project page
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Early June – Collation of all submissions
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17 June – Final documents to Council