minutes of the statutory budgetmeeting of charters towers

MINUTES

of the

STATUTORY BUDGET MEETING

of

CHARTERS TOWERS REGIONAL COUNCIL

held

Friday 26 July 2019

Commencing at 2.00pm

Minutes of Charters Towers Regional Council 2019/20 Statutory Budget Meeting held 26 July 2019 Page 1

Contents

Item Page

CONTENTS ................................................................................................................................................................... 1

1. OPENING OF MEETING ............................................................................................................................. 2

2. ATTENDANCE/APOLOGIES .................................................................................................................... 2

3. MAYOR’S MESSAGE .................................................................................................................................... 2

4. 2019-20 OPERATIONAL PLAN .............................................................................................................. 4

4.1 ADOPTION OF 2019-2020 OPERATIONAL PLAN ........................................................................ 4

5. REPORTS FOR CONSIDERATION – BUDGET 2019/2020 ......................................................... 4

5.1 INVESTMENT POLICY.................................................... ...........................................................................4

5.2 DEBT POLICY .................................................................................................................................................5

5.3 REVENUE POLICY ........................................................................................................................................ 5

5.4

PROCUREMENT POLICY ......................................................................................................................... 27

5.5

LONG TERM FINANCIAL FORECAST – 2019 - 2029....................................................................6

5.6

REVENUE STATEMENT AND RATES CHARGES............................................................................7

5.7

STATEMENT OF ORIGINAL BUDGET ................................................................................................ 26

5.8

MEASURES OF FINANCIAL SUSTAINABILITY ............................................................................. 27

5.9 INCLUSION OF COUNCILLORS’ DISCRETIONARY FUNDS IN 2019/20 BUDGET ........ 28

6. CLOSE OF MEETING ................................................................................................................................ 28

7. ANNEXURES TO MINUTES ..................................................................................................................... 29


1. OPENING OF MEETING

The Meeting was opened at 2:00pm by Mayor ER Schmidt.

2. ATTENDANCE/APOLOGIES

Councillors: Cr ER Schmidt (Mayor) Cr S Bennetto (Deputy Mayor) Cr MJ Power Cr GJ Lohmann Cr BP Robertson Cr MJ Bailey Cr AP Barr

Officers: Mr A Johansson – Chief Executive Officer Mrs M Taylor – Director Corporate & Community Services Mr C Scott – Director Infrastructure Services Mrs B Blokland – Financial Services Coordinator Mrs A Russell – Executive Assistant to the Chief Executive Officer Mr O Gough – Communications Coordinator

Apologies: There were no apologies.

Members of the Gallery There were no members of the gallery present. ________________________________________________________________________________

3. MAYOR’S MESSAGE

I am pleased to present the 2019/2020 Budget on behalf of Charters Towers Regional Council. The Elected Members and myself have worked closely with Council’s Senior Staff to deliver a budget that takes a balanced approach to Building our Future as a Region. Our continued key Budget priority is to ensure the sustainability and viability for our Region. The budget provides continued investment in maintaining and improving critical infrastructure, whilst considering the economic realities for our Region and impacts on our ratepayers, residents and businesses, particularly in light of recent environmental impacts where the Region has experienced both drought and flood conditions.

2019/2020 will see the continuation of rate capping on various rate categories following the significant changes in land valuations of some properties which took effect on 1 July 2018. On average, Council general rates will increase by 3.56%, with over 56% of all properties experiencing a maximum increase of 2%. Almost 70% of residential properties will be subject to a maximum increase of 2%. Utility charges will increase by 2%, however as a result of the Queensland Waste Levy, non-residential properties will be impacted by an increase in waste collection costs.

Council will continue to offer residents with a choice of either Allocation or Two Part Tariff for water charges, with the annual allocation amount remaining at 750kL per year. Council’s Capital Works Program for 2019/2020 is conservative at $11.7m, with our key projects in this year’s budget listed below. The focus will remain on maintaining our existing infrastructure and providing the best possible service to the region within our budgetary constraints.


Disaster Mitigation including RNAV Instrument Flight Procedure and Installation of a Rainfall Gauge at Clarke River and a Rain/River Gauge at Battery (supported by the Natural Disaster Resilience Program) Continued implementation of the Council’s Enterprise Resource Planning software Development of a Tourism Strategy for the Region (supported by Building Better Regions funding program) Dalrymple Saleyards improvements including Refurbishment of Dalrymple Stadium (supported by Works for Queensland) and stage 1 of water infrastructure upgrades World Theatre works including air conditioning improvements Refurbishment works at the Kennedy Regiment Memorial Pool to address water loss and piping issues and Ravenswood Pool (supported by Works for Queensland)

Upgrades to Solar Lighting and CCTV installation at Towers Hill (supported by Works for Queensland) Administration Centre Office refurbishment $4.076m for the Roads Capital Works Program $17m in Flood Damage Restoration works (year 1 of 2) $550,000 in various open space upgrades through Works for Queensland funding $1.7m in plant replacements $800,000 in water main replacements and improved metering of Council’s standpipes (supported by Works for Queensland) Completion of the Water Infrastructure Upgrade Program including commissioning of the upgraded FEJ Butcher Water Treatment Plant Council continues to support the community through the Community Grants Program, together with providing support to sporting groups through field mowing and rate concessions for sporting, cultural and welfare groups.

As this is the final budget for the term of the current Council, I believe that the 2019/2020 budget is balanced in meeting the needs of the Region, and we as a Council will continue to seek out the best opportunities to enable the Region to prosper and grow and encourage future investment.

I recommend the 2019/2020 Budget for Adoption.

Councillor Liz Schmidt Mayor


4. 2019-20 OPERATIONAL PLAN

4.1 Adoption of 2019-2020 Operational Plan

EXECUTIVE SUMMARY In accordance with S174(1) of the Local Government Regulation 2012 Council must prepare and adopt an operational plan for each financial year. OFFICER’S RECOMMENDATION That Council:

Adopt the Operational Plan 2019 – 2020 in accordance with S174 and S175 of Local Government Regulation 2012, as tabled in Annexure “A”.

________________________________________________________________________________ Resolution No.: 3013 Moved: Cr S Bennetto Seconded: Cr GJ Lohmann That Council: Adopt the Operational Plan 2019 – 2020 in accordance with S174 and S175 of Local

Government Regulation 2012, as tabled in Annexure “A”.

CARRIED REFERENCE DOCUMENT

• Officer’s Report Document No. 1269419 ____________________________________________________________________________________

5. REPORTS FOR CONSIDERATION – BUDGET 2019/2020

5.1 Investment Policy

EXECUTIVE SUMMARY In accordance with S104(6) of the Local Government Act 2009 Council is required to ensure the financial policies of the local government are regularly reviewed and updated as necessary. The Local Government Regulation 2012 requires Council to prepare and adopt an Investment Policy, which identifies Council’s investment objections and overall risk philosophy and the procedures for achieving the investment goals. OFFICER’S RECOMMENDATION That Council:

In accordance with S191 of the Local Government Regulation 2012, adopt the Investment Policy (S0037) 2019/2020, as tabled in Annexure “B”.

________________________________________________________________________________ Resolution No.: 3014 Moved: Cr BP Robertson Seconded: Cr MJ Bailey That Council: In accordance with S191 of the Local Government Regulation 2012, adopt the

Investment Policy (S0037) 2019/2020, as tabled in Annexure “B”.

CARRIED


REFERENCE DOCUMENT • Officer’s Report Document No. 1277859_________________________________________________________________________________________

5.2 Debt Policy

EXECUTIVE SUMMARY In accordance with S104(6) of the Local Government Act 2009 Council is required to ensure the financial policies of the local government are regularly reviewed and updated as necessary. The Local Government Regulation 2012 requires Council to prepare and adopt a Debt Policy for the financial year, which states new borrowings planned for the current financial year and the next 9 financial years and the period over which Council plans to repay existing and new borrowings, in accordance with the Long Term Financial Forecast.

OFFICER’S RECOMMENDATION That Council:

In accordance with S192 of the Local Government Regulation 2012, adopt the Debt Policy 2019/2020, as tabled in Annexure “C”.

_________________________________________________________________________________________

Resolution No.: 3015

Moved: Cr MJ Power Seconded: Cr S Bennetto

That Council: In accordance with S192 of the Local Government Regulation 2012, adopt the Debt

Policy 2019/2020, as tabled in Annexure “C”.

CARRIED

REFERENCE DOCUMENT • Officer’s Report Document No 1277861_________________________________________________________________________________________

5.3 Revenue Policy

EXECUTIVE SUMMARY In accordance with S104(6) of the Local Government Act 2009 Council is required to ensure the financial policies of the local government are regularly reviewed and updated as necessary and in accordance with the Local Government Regulation 2012 the budget must contain a Revenue Policy.

OFFICER’S RECOMMENDATION That Council: In accordance with S169(2)(c) of the Local Government Regulation 2012, adopt the

Revenue Policy 2019/2020, as tabled in Annexure “D”. ____________________________________________________________________________



Moved: Cr GJ Lohmann Seconded: Cr MJ Bailey

That Council: In accordance with S169(2)(c) of the Local Government Regulation 2012, adopt the

Revenue Policy 2019/2020, as tabled in Annexure “D”.

CARRIED

REFERENCE DOCUMENT • Officer’s Report Document No 1192652._____________________________________________________________________________

5.4 Long Term Financial Forecast – 2019 - 2029

EXECUTIVE SUMMARY In accordance with the Local Government Regulation 2012, a local government is required to develop and adopt a Long Term Financial Forecast, essential for sustainable financial management. . OFFICER’S RECOMMENDATION That Council:

In accordance with S169(2)(a) of the Local Government Regulation 2012, adopt the Local Government Forecasting Model presenting Council’s ten year financial forecast to June 2029, as annexed in Annexure “E1” to “E4”

o Income Statement LTFF; o Balance Sheet LTFF; o Cash Flow LTFF; and o Statement of Changes in Equity LTFF.

________________________________________________________________________________


Moved: Cr BP Robertson Seconded: Cr GJ Lohmann

That Council: In accordance with S169(2)(a) of the Local Government Regulation 2012, adopt the

Local Government Forecasting Model presenting Council’s ten year financial forecast to June 2029, as annexed in Annexure “E1” to “E4”

CARRIED

REFERENCE DOCUMENT • Officer’s Report Document No. 1277862

_______________________________________________________________________________

o Income Statement LTFF; o Balance Sheet LTFF; o Cash Flow LTFF; and o Statement of Changes in Equity LTFF.


5.5 Revenue Statement and Rates Charges

EXECUTIVE SUMMARY In accordance with the budget requirements contained in the Local Government Regulation 2012 Council’s budget for the financial year must include a Revenue Statement prepared in accordance with S172 of the same regulation. In accordance with S94(2) of the Local Government Act 2009, Council must decide by resolution at the budget meeting for the financial year, what rates and charges are to be levied for that financial year.


1. In accordance with S169(2)(b) of the Local Government Regulation 2012, adopt the RevenueStatement 2019/2020, as tabled.

2. In accordance with S169(6) of the Local Government Regulation 2012, determines that the totalvalue of the change in the rates and utility charges levied for the financial year compared with the rates and utility charges levied in 2018/2019 is 3.56 %.

3. Differential Rates (a) In accordance with S81 of the Local Government Regulation 2012, the categories to which rateable

land is categorised, the description of those categories and, pursuant to S81(4) and 81(5) of the Local Government Regulation 2012, the method by which land is to be identified and included in its appropriate category is as per the Revenue Statement and as follows:

Category Category Description* 1 Urban Residential (< 9,000m2)

2 Large Homesites <$100,000 Rating Valuation

3 Large Homesites $100,000 to $199,999 Rating Valuation


5 Large Homesites >= $300,000 Rating Valuation

6 Rural Residential properties >8kms from Charters Towers CBD

7 Multi-unit Residential 2 flats

8 Multi-unit Residential 3-4 flats

9 Multi-unit Residential >/= 5 flats

10 Commercial Retail and Business <8kms from Charters Towers CBD

11 Industrial, Transport & Storage Category <8kms from Charters Towers CBD

12 Noxious or Hazardous Industries

13 Drive-in Shopping Centre > 1,500m2 gross floor area

14 Other Commercial/Industrial land

15 Rural Agricultural

16 Mines >200 employees and/or contractors

Category Category Description*

17 Mines - 101 to 200 employees and/or contractors

18 Mines – 50 to 100 employees and/or contractors


20 Other working mine or quarry – 1 to 24 employees and/orcontractors

21 Non-working mine or quarry

22 Special Uses

23 Other

*Further explanation on differential general rate categories is provided in the Revenue Statement.


(b) Council delegates to the Chief Executive Officer the power, pursuant to S81(4) and 81(5) of the Local Government Regulation 2012, to identify the rate category to which each parcel of rateable land belongs. The identification of applicable rate categories is based on the land use codes used by the Department of Natural Resources, Mines and Energy to classify land within the Council area during the period of valuation which becomes effective for rating purposes from 1 July 2019.

(c) In accordance with S94 of the Local Government Act 2009 and S80 of the Local Government Regulation 2012, the differential general rate to be made and levied for each differential ratecategory and, pursuant to S77 of the Local Government Regulation 2012, the minimum generalrate to be made and levied for each differential general rate category, is as follows:

Category Rate in Dollar $ Minimum

1 0.0245 1,024

2 0.0209 1,178

3 0.0159 2,072

4 0.0125 3,108

5 0.010 3,728

6 0.0098 1,024

7 0.0245 1,288

8 0.0263 1,338

9 0.0285 1,354

10 0.0434 2,150

11 0.0284 1,942

12 0.0329 1,184

13 0.0532 10,200

14 0.0646 1,184

15 0.0091 986

16 0.8279 23,656

17 0.7381 17,742

18 0.3060 5,916

19 0.2460 4,046

20 0.1228 1,776

21 0.0246 1,232

22 0.0285 986

23 0.0214 986

(d) Pursuant to S116 of the Local Government Regulation 2012, Council applies capping to theCategories listed below in which the general rates levied for the property for the previous financial year (year ending 30 June 2019) will not be exceeded by 15%:

• Categories 1-5 • Categories 10-12 • Categories 14-15 • Categories 21-23

The differential general rates for eligible land will not exceed the higher of: • The relevant minimum rate for the property; or • The amount of general rates levied for the property for the year ending 30 June 2019,

plus an increase of 15%. This is subject to a minimum rate for each category and the following conditions:

• Capping will apply only to general rates; • Capping will apply only to the categories listed above; • Capping is not available retrospectively and will only apply from the beginning of a

financial year; and • If ownership of the land to which capping applies is transferred in the period after 1 July

of any year, then capping will cease to apply for the following year (eg. If rates-capped


land is sold during 2019/2020, capping will not apply in 2020/2021 but will apply in 2021/2022 (unless the land is sold again after 1 July 2020)).

4. Sewerage Utility Charges (a) In accordance with S94 of the Local Government Act 2009 and S99 of the Local Government

Regulation 2012, Council make and levy sewerage utility charges, for the supply of sewerageservices by the Council as per the Revenue Statement and as follows:

UTILITY GROUP DESCRIPTION ANNUAL CHARGE PERUNIT

31 Charters Towers Reserve – Residential $211 32 Charters Towers Reserve – Non-Residential $211 38 Greenvale & Ravenswood $316

(b) In accordance with S94 of the Local Government Act 2009 and S99 of the Local GovernmentRegulation 2012, Council applies the Sewerage schedule of units as per the Revenue Statementand as follows:

LAND USE NO. OF UNITS Sewerage Utility Groups 38 & 39 Vacant Land 2 Dwellings 2 Accommodation Units and Flats - per unit/flat 2 Business premises 2 Café 3 Dwelling combined with business premises 3 School 6 Hotel 10 Hall 2 Church 2 Caravan Park 8 Racecourse 2 Rodeo Grounds 2 Sports Club 2 Motel 10 Shopping Centre – per shop/business within the centre

2

Sewerage Utility Groups 38 & 39 Service Station 3 Industrial – Light and Heavy 3 Golf Course 2 Police Station and Residence 4 Not otherwise defined 4 Specific Greenvale Swimming Pool 4 Greenvale Fire and Ambulance 4 State Emergency Service Facilities 4

5. Waste Collection Charges (a) In accordance with S94 of the Local Government Act 2009 and S99 of the Local Government

Regulation 2012, Council make and levy waste collection utility charges, for the supply of waste collection services by the Council as per the Revenue Statement and as follows:


UTILITY GROUP DESCRIPTION ANNUAL CHARGE PERUNIT for bin collection

31 Charters Towers Reserve – Residential $199 32 Charters Towers Reserve – Non-Residential $236* 34 Within 8km radius of CBD Charters Towers –

Residential – both water and bitumen $199

35 Within 8km radius of CBD Charters Towers – Non-Residential – both water and bitumen

$236*

36 Within 8km radius of CBD Charters Towers – Residential – one or neither water and bitumen

$264

37 Within 8km radius of CBD Charters Towers – Non-Residential – one or neither water andbitumen

$301*

38 Greenvale, Pentland & Ravenswood $264 39 Hervey Range, Balfes Creek, Homestead,

Mingela, Sellheim, Reid River $264

*Includes the Queensland Waste Levy annual charge of $37 per bin collected in accordance with the Waste Reduction and Recycling (Waste Levy) Amendment Act 2019.

(b) In accordance with S94 of the Local Government Act 2009 and S99 of the Local GovernmentRegulation 2012, Council applies the waste collection schedule as per the Revenue Statement and as follows:

WASTE COLLECTION SCHEDULE Units Min Max a. Dwellings 1 1 b. Multiple Dwellings Per unit/dwelling 1 1 c. Accommodation Units Per 2 pedestals 1 2 10 d. Motels, Caravan Parks, Hotel/Motels Per 2 pedestals 1 2 20 e. Hotel and Taverns Per 2 pedestals 1 1 f. Clubs, Community Groups/Churches Per 2 pedestals 1 1 2 g. Education Per 2 pedestals 1 1 20 h. Childcare Per 2 pedestals 1 1 4 i. Hospitals, Nursing Home & Place of Retirement Per 2 pedestals 1 1 20 j. Non-residential Premises, Shops Per shop/premise,

whichever isgreater

1

k. Supermarket (Gross floor area >800 m2) Per pedestal 1 6 l. Other non-residential 1 1


6. Landfill Management Levy (a) In accordance with S94 of the Local Government Act 2009 and S99 of the Local Government

Regulation 2012, Council make and levy landfill management levies, for the use of Council operated landfill facilities as per the Revenue Statement and as follows:

UTILITY GROUP DESCRIPTION PROVISION USE ANNUAL LEVY 31 Charters Towers

Reserve – Residential

$30 Pay per use $30

32 Charters TowersReserve – Non-Residential

$30 Pay per use $30

34 Within 8kmradius of CBDCharters Towers– Residential – both water andbitumen

$30 Pay per use $30

35 Within 8kmradius of CBDCharters Towers– Non-Residential – both water andbitumen

$30 Pay per use $30

UTILITY GROUP DESCRIPTION PROVISION USE ANNUAL LEVY 36 Within 8km

radius of CBDCharters Towers– Residential – one or neitherwater andbitumen

$30 Pay per use $30

37 Within 8kmradius of CBDCharters Towers– Non-Residential – one or neither waterand bitumen

$30 Pay per use $30

38 Closest to landfill at eitherGreenvale, Pentland orRavenswood

$30 $15 $45


$30 $15 $45

39 Closest to landfill at Stubley Street, Charters Towers

$30 $0 $30


7. Regional Water Charges (a) In accordance with S94 of the Local Government Act 2009 and S99 of the Local Government

Regulation 2012, Council make and levy water utility charges, for the supply of water services by the Council as per the Revenue Statement and as follows:

WATER ALLOCATION TARIFF (Residential Only) UTILITY GROUP

Category ANNUAL ALLOWANCE PER UNIT

ANNUAL CHARGE PER UNIT For Water

EXCESS WATER CHARGE Per KILOLITRE

Used in 2018/2019

Used in 2019/2020

31 Residential 187.5 Kilolitres $272.00 $1.63 $1.66 34 Residential 187.5 Kilolitres $272.00 $1.63 $1.66 36 Residential 187.5 Kilolitres $336.00 $1.63 $1.66 38-Greenvale Residential 187.5 Kilolitres $298.00 $1.63 $1.66 38-Pentland Residential 187.5 Kilolitres $229.00 $1.63 $1.66 38-Ravenswood

Residential 187.5 Kilolitres $240.00 $1.63 $1.66

WATER TWO PART TARIFF

UTILITY GROUP CATEGORY

AVAILABILITY OR ACCESSCHARGE PER UNIT

CHARGE PER KILOLITRE USED UNDER THRESHOLD

EXCESS THRESHOLD PER UNIT

EXCESS WATER CHARGE PER KILOLITRE

31 Residential $168 $0.92 187.5 KLS $1.66 32 Non-

Residential $147 $0.92 187.5 KLS $1.66

32 Non-Residential

$188 Connection-No Meter - Access & Usage


Residential $147 $0.92 187.5 KLS $1.66


Residential $182 $0.92 187.5 KLS $1.66

38-Greenvale Residential $168 $0.92 187.5 KLS $1.66 38-Pentland Residential $168 $0.92 187.5 KLS $1.66 38-Ravenswood

Residential $168 $0.92 187.5 KLS $1.66

38-Greenvale Non-Residential

$147 $0.92 187.5 KLS $1.66

38-Pentland Non-Residential

$147 $0.92 187.5 KLS $1.66

38-Ravenswood

Non-Residential

$147 $0.92 187.5 KLS $1.66

VACANT – Water Available – Not Connected All Groups Vacant $169


9. Interest (a) In accordance with S133 of the Local Government Regulation 2012, compound interest on daily

rests at the rate of 9.83% per annum is to be charged on all overdue rates and charges, unlessinterest free instalment arrangements are approved in accordance with the terms stated in the Revenue Statement.

10. Levy and Payment (a) In accordance with S107 of the Local Government Regulation 2012 and S114 of the Fire and

Emergency Services Act 1990, Council’s rates and charges and the State Government’s Emergency Management, Fire and Rescue Levy be levied:

• For the half year 1 July 2019 to 31 December 2019 – in August/September 2019 and will include excess water levies incurred across the previous 12 month period; and

• For the half year 1 January 2020 to 30 June 2020 – in February/March 2020. (b) In accordance with S118 of the Local Government Regulation 2012, that Council’s rates and charges,

and the State Government’s Emergency Management, Fire and Rescue Levy, be paid within 30days of the date of issue of the rate notice.

(b) In accordance with S94 of the Local Government Act 2009 and S99 of the Local Government Regulation 2012, Council applies the water unit schedule across the region as per the Revenue Statement and as follows:

WATER UNIT SCHEDULE ACROSS THE REGION (per parcel) UNITS a. All Vacant Land Not Connected 4

Residential b. Dwelling 4 c. Multiple Dwelling Single Parcel – 1st unit/flat 4

- all remaining units/flats 2 d. Multiple Dwellings Separate Parcels (Per unit) 2 e. Multiple Dwellings:(Per unit) Exempt general rate levies under the LG Act 4

Non-Residential f. Community Clubs & Organisations 4 g. Clubs – Private 6 h. Commercial and Industry 6 i. Religious Organisation 4

As per Special Water Unit Schedule j. Schools/Education k. State Government l. State Government Corporations m. Special Allocations

(c) In accordance with S102(2) of the Local Government Regulation 2012, a water meter is taken to be have been read during the period that starts 2 weeks before and ends 2 weeks after, the day on which the meter is actually read.

8. Discount (a) In accordance with S130 of the Local Government Regulation 2012, gross rates and charges

made and levied shall be subject to a discount of 6% (less Council and State pensionerrebates, rate arrears, interest and fire levies) if paid within the discount period of 30 days of the date of issue of the rate notice provided that:

• All of the aforementioned rates and charges are paid within 30 days of the date of issue of the rate notice;

• All other rates and charges appearing on the rate notice (that are not subject to a discount) are paid within 30 days after the date of issue of the rate notice; and

• All other overdue rates and charges relating to the rateable assessment arepaid within 30 days of the date of issue of the rate notice.


11. Paying rates or charges by instalments (a) In accordance with S129 of the Local Government Regulation 2012, Council may approve entering

into a conditional rate instalment arrangement to pay a rate account by weekly, fortnightly ormonthly instalments. Interest free instalment arrangements must be applied for on or before the due date of the rate notice, with arrears incurring interest.

12. Rebates and concessions (a) In accordance with S120, 121 and 122 of the Local Government Regulation 2012, a Council Pensioner

Remission on the differential general rate of a maximum of 27% applicable to the rating category designated, capped at $171 if levied half yearly or $342 if levied once per year, will be granted to all ratepayers who are pensioners and who are eligible for the State Government pensionerremission.

(b) In accordance with the Queensland Government Pensioner Rate Subsidy Scheme, as existing attime of rating, a Pensioner Subsidy of 100%, capped at the State Government’s approved maximum of an anticipated $200 per annum, will be allowed on the differential general rate as levied for residential properties.

(c) In accordance with S120, 121 and 122 of the Local Government Regulation 2012, Council willcontinue to provide assistance to approved Sporting, Cultural and Welfare Groups as budgeted,with the basis of concession being as follows, subject to nett rates and charges, after concession applied, being paid in full within 30 days of the date of issued of the rate notice:

• 50% of the differential general rates; 50% of the sewerage utility charge; nilconcession on water utility charges unless otherwise determined and 50% of thecalculated excess water charge when an organisation has a Water Management Plan, subject to a defined period, if required.

_____________________________________________________________________________________


Moved: Cr AP Barr Seconded: Cr S Bennetto

That Council: In accordance with S169(2)(b) of the Local Government Regulation 2012, adopt the

Revenue Statement 2019/2020, as tabled.

CARRIED


Moved: Cr AP Barr Seconded: Cr S Bennetto

That Council: In accordance with S169(6) of the Local Government Regulation 2012, determines that

the total value of the change in the rates and utility charges levied for the financial year compared with the rates and utility charges levied in 2018/2019 is 3.56 %.

CARRIED



Moved: Cr MJ Power Seconded: Cr GJ Lohmann

That Council: In accordance with S81 of the Local Government Regulation 2012, the categories to

which rateable land is categorised, the description of those categories and, pursuant to S81(4) and 81(5) of the Local Government Regulation 2012, the method by which land is to be identified and included in its appropriate category is as per the Revenue Statement and as follows:

CARRIED

Category Category Description* 1 Urban Residential (< 9,000m2)

2 Large Homesites <$100,000 Rating Valuation



5 Large Homesites >= $300,000 Rating Valuation

6 Rural Residential properties >8kms from Charters Towers CBD

7 Multi-unit Residential 2 flats

8 Multi-unit Residential 3-4 flats

9 Multi-unit Residential >/= 5 flats

10 Commercial Retail and Business <8kms from Charters Towers CBD

11 Industrial, Transport & Storage Category <8kms from Charters Towers CBD

12 Noxious or Hazardous Industries

13 Drive-in Shopping Centre > 1,500m2 gross floor area

14 Other Commercial/Industrial land

15 Rural Agricultural

16 Mines >200 employees and/or contractors

Category Category Description*

17 Mines - 101 to 200 employees and/or contractors



20 Other working mine or quarry – 1 to 24 employees and/or contractors

21 Non-working mine or quarry

22 Special Uses

23 Other



Moved: Cr MJ Power Seconded: Cr BP Robertson

That Council: Council delegates to the Chief Executive Officer the power, pursuant to S81(4) and 81(5)

of the Local Government Regulation 2012, to identify the rate category to which eachparcel of rateable land belongs. The identification of applicable rate categories is based on the land use codes used by the Department of Natural Resources, Mines and Energy to classify land within the Council area during the period of valuation which becomeseffective for rating purposes from 1 July 2019.

CARRIED



Moved: Cr GJ Lohmann Seconded: Cr S Bennetto

That Council: In accordance with S94 of the Local Government Act 2009 and S80 of the Local

Government Regulation 2012, the differential general rate to be made and levied for each differential rate category and, pursuant to S77 of the Local GovernmentRegulation 2012, the minimum general rate to be made and levied for each differential general rate category, is as follows:

CARRIED

Category Rate in Dollar $ Minimum

1 0.0245 1,024

2 0.0209 1,178

3 0.0159 2,072

4 0.0125 3,108

5 0.010 3,728

6 0.0098 1,024

7 0.0245 1,288

8 0.0263 1,338

9 0.0285 1,354

10 0.0434 2,150

11 0.0284 1,942

12 0.0329 1,184

13 0.0532 10,200

14 0.0646 1,184

15 0.0091 986

16 0.8279 23,656

17 0.7381 17,742

18 0.3060 5,916

19 0.2460 4,046

20 0.1228 1,776

21 0.0246 1,232

22 0.0285 986

23 0.0214 986



Moved: Cr AP Barr Seconded: Cr MJ Power

That Council: Pursuant to S116 of the Local Government Regulation 2012, Council applies capping to

the Categories listed below in which the general rates levied for the property for theprevious financial year (year ending 30 June 2019) will not be exceeded by 15%:

• Categories 1-5 • Categories 10-12 • Categories 14-15 • Categories 21-23 The differential general rates for eligible land will not exceed the higher of: • The relevant minimum rate for the property; or • The amount of general rates levied for the property for the year ending 30 June

2019, plus an increase of 15%. This is subject to a minimum rate for each category and the following conditions: • Capping will apply only to general rates; • Capping will apply only to the categories listed above; • Capping is not available retrospectively and will only apply from the beginning

of a financial year; and • If ownership of the land to which capping applies is transferred in the period

after 1 July of any year, then capping will cease to apply for the following year (eg. If rates-capped land is sold during 2019/2020, capping will not apply in2020/2021 but will apply in 2021/2022 (unless the land is sold again after 1 July 2020)).

CARRIED


Moved: Cr BP Robertson Seconded: Cr AP Barr


Government Regulation 2012, Council make and levy sewerage utility charges, for the supply of sewerage services by the Council as per the Revenue Statement and asfollows:

CARRIED

UTILITY GROUP DESCRIPTION ANNUAL CHARGE PERUNIT

31 Charters Towers Reserve – Residential $211 32 Charters Towers Reserve – Non-Residential $211 38 Greenvale & Ravenswood $316



Moved: Cr AP Barr Seconded: Cr MJ Bailey


Government Regulation 2012, Council applies the Sewerage schedule of units as perthe Revenue Statement and as follows:

CARRIED

LAND USE NO. OF UNITS Sewerage Utility Groups 38 & 39 Vacant Land 2 Dwellings 2 Accommodation Units and Flats - per unit/flat 2 Business premises 2 Café 3 Dwelling combined with business premises 3 School 6 Hotel 10 Hall 2 Church 2 Caravan Park 8 Racecourse 2 Rodeo Grounds 2 Sports Club 2 Motel 10 Shopping Centre – per shop/business within the centre 2 Sewerage Utility Groups 38 & 39 Service Station 3 Industrial – Light and Heavy 3 Golf Course 2 Police Station and Residence 4 Not otherwise defined 4 Specific Greenvale Swimming Pool 4 Greenvale Fire and Ambulance 4 State Emergency Service Facilities 4



Moved: Cr MJ Power Seconded: Cr AS Bennetto


Government Regulation 2012, Council make and levy waste collection utility charges, for the supply of waste collection services by the Council as per the RevenueStatement and as follows:

CARRIED


Moved: Cr GJ Lohmann Seconded: Cr BP Robertson


Government Regulation 2012, Council applies the waste collection schedule as per the Revenue Statement and as follows:

CARRIED

UTILITY GROUP DESCRIPTION ANNUAL CHARGE PERUNIT for bin collection

31 Charters Towers Reserve – Residential $199 32 Charters Towers Reserve – Non-Residential $236* 34 Within 8km radius of CBD Charters Towers –

Residential – both water and bitumen $199

35 Within 8km radius of CBD Charters Towers – Non-Residential – both water and bitumen

$236*

36 Within 8km radius of CBD Charters Towers – Residential – one or neither water and bitumen

$264

37 Within 8km radius of CBD Charters Towers – Non-Residential – one or neither water and bitumen

$301*

38 Greenvale, Pentland & Ravenswood $264 39 Hervey Range, Balfes Creek, Homestead, Mingela,

Sellheim, Reid River $264

WASTE COLLECTION SCHEDULE Units Min Max a. Dwellings 1 1 b. Multiple Dwellings Per unit/dwelling 1 1 c. Accommodation Units Per 2 pedestals 1 2 10 d. Motels, Caravan Parks, Hotel/Motels Per 2 pedestals 1 2 20 e. Hotel and Taverns Per 2 pedestals 1 1 f. Clubs, Community Groups/Churches Per 2 pedestals 1 1 2 g. Education Per 2 pedestals 1 1 20 h. Childcare Per 2 pedestals 1 1 4 i. Hospitals, Nursing Home & Place of Retirement Per 2 pedestals 1 1 20 j. Non-residential Premises, Shops Per shop/premise,

whichever is greater 1

k. Supermarket (Gross floor area >800 m2) Per pedestal 1 6 l. Other non-residential 1 1



Moved: Cr MJ Power Seconded: Cr AP Barr


Government Regulation 2012, Council make and levy landfill management levies, for the use of Council operated landfill facilities as per the Revenue Statement and asfollows:

CARRIED

UTILITY GROUP DESCRIPTION PROVISION USE ANNUAL LEVY 31 Charters Towers

Reserve – Residential

$30 Pay per use $30

32 Charters TowersReserve – Non-Residential

$30 Pay per use $30

34 Within 8km radius of CBD ChartersTowers – Residential – both water and bitumen

$30 Pay per use $30

35 Within 8km radiusof CBD ChartersTowers – Non-Residential – both water and bitumen

$30 Pay per use $30

36 Within 8km radius of CBDCharters Towers– Residential – one or neitherwater andbitumen

$30 Pay per use $30

37 Within 8kmradius of CBDCharters Towers– Non-Residential – one or neither waterand bitumen

$30 Pay per use $30


$30 $15 $45


$30 $15 $45

39 Closest to landfill atStubley Street,Charters Towers

$30 $0 $30



Moved: Cr AP Barr Seconded: Cr GJ Lohmann


Government Regulation 2012, Council make and levy water utility charges, for thesupply of water services by the Council as per the Revenue Statement and as follows:

CARRIED

WATER ALLOCATION TARIFF (Residential Only) UTILITY GROUP

Category ANNUAL ALLOWANCE

PER UNIT

ANNUAL CHARGE PER UNIT For Water

EXCESS WATER CHARGE Per

KILOLITRE Used in

2018/2019Used in

2019/202031 Residential 187.5 Kilolitres $272.00 $1.63 $1.66 34 Residential 187.5 Kilolitres $272.00 $1.63 $1.66 36 Residential 187.5 Kilolitres $336.00 $1.63 $1.66 38-Greenvale Residential 187.5 Kilolitres $298.00 $1.63 $1.66 38-Pentland Residential 187.5 Kilolitres $229.00 $1.63 $1.66 38-Ravenswood

Residential 187.5 Kilolitres $240.00 $1.63 $1.66

WATER TWO PART TARIFF

UTILITY GROUP CATEGORY

AVAILABILITY OR ACCESS

CHARGE PER UNIT

CHARGE PER KILOLITRE

USED UNDER

THRESHOLD

EXCESS THRESHOLD

PER UNIT

EXCESS WATER CHARGE

PER KILOLITRE

31 Residential $168 $0.92 187.5 KLS $1.66 32 Non-Residential $147 $0.92 187.5 KLS $1.66 32 Non-Residential $188 Connection-No Meter - Access & Usage 34 Residential $168 $0.92 187.5 KLS $1.66 35 Non-Residential $147 $0.92 187.5 KLS $1.66 36 Residential $206 $0.92 187.5 KLS $1.66 37 Non-Residential $182 $0.92 187.5 KLS $1.66

38-Greenvale Residential $168 $0.92 187.5 KLS $1.66 38-Pentland Residential $168 $0.92 187.5 KLS $1.66 38-Ravenswood Residential $168 $0.92 187.5 KLS $1.66 38-Greenvale Non-Residential $147 $0.92 187.5 KLS $1.66 38-Pentland Non-Residential $147 $0.92 187.5 KLS $1.66 38-Ravenswood Non-Residential $147 $0.92 187.5 KLS $1.66

VACANT – Water Available – Not Connected All Groups Vacant $169



Moved: Cr MJ Power Seconded: Cr BP Robertson


Government Regulation 2012, Council applies the water unit schedule across theregion as per the Revenue Statement and as follows:

CARRIED


Moved: Cr S Bennetto Seconded: Cr AP Barr

That Council: In accordance with S102(2) of the Local Government Regulation 2012, a water meter

is taken to be have been read during the period that starts 2 weeks before and ends 2 weeks after, the day on which the meter is actually read.

CARRIED

WATER UNIT SCHEDULE ACROSS THE REGION (per parcel) UNITS a. All Vacant Land Not Connected 4

Residential b. Dwelling 4 c. Multiple Dwelling Single Parcel – 1st unit/flat 4

- all remaining units/flats 2 d. Multiple Dwellings Separate Parcels (Per unit) 2 e. Multiple Dwellings:(Per unit) Exempt general rate levies under the LG Act 4

Non-Residential f. Community Clubs & Organisations 4 g. Clubs – Private 6 h. Commercial and Industry 6 i. Religious Organisation 4

As per Special Water Unit Schedule j. Schools/Education k. State Government l. State Government Corporations m. Special Allocations




That Council: In accordance with S130 of the Local Government Regulation 2012, gross rates and

charges made and levied shall be subject to a discount of 6% (less Council and State pensioner rebates, rate arrears, interest and fire levies) if paid within the discount period of 30 days of the date of issue of the rate notice provided that:

• All of the aforementioned rates and charges are paid within 30 days of the date of issue of the rate notice;

• All other rates and charges appearing on the rate notice (that are not subject to a discount) are paid within 30 days after the date of issue of the rate notice; and

All other overdue rates and charges relating to the rateable assessment are paid within 30 days of the date of issue of the rate notice.

CARRIED


Moved: Cr MJ Bailey Seconded: Cr AP Barr

That Council: In accordance with S133 of the Local Government Regulation 2012, compound interest

on daily rests at the rate of 9.83% per annum is to be charged on all overdue rates and charges, unless interest free instalment arrangements are approved in accordance with the terms stated in the Revenue Statement.

CARRIED


Moved: Cr BP Robertson Seconded: Cr S Bennetto

That Council: In accordance with S107 of the Local Government Regulation 2012 and S114 of the Fire

and Emergency Services Act 1990, Council’s rates and charges and the StateGovernment’s Emergency Management, Fire and Rescue Levy be levied:

• For the half year 1 July 2019 to 31 December 2019 – in August/September 2019 and will include excess water levies incurred across the previous 12 month period; and

• For the half year 1 January 2020 to 30 June 2020 – in February/March 2020.

CARRIED



Moved: Cr GJ Lohmann Seconded: Cr MJ Power

That Council: In accordance with S118 of the Local Government Regulation 2012, that Council’s rates

and charges, and the State Government’s Emergency Management, Fire and RescueLevy, be paid within 30 days of the date of issue of the rate notice.

CARRIED


Moved: Cr BP Robertson Seconded: Cr GJ Lohmann

That Council: In accordance with S129 of the Local Government Regulation 2012, Council may

approve entering into a conditional rate instalment arrangement to pay a rate account by weekly, fortnightly or monthly instalments. Interest free instalment arrangements must be applied for on or before the due date of the rate notice, with arrears incurring interest.

CARRIED


Moved: Cr GJ Lohmann Seconded: Cr MJ Bailey

That Council: In accordance with S120, 121 and 122 of the Local Government Regulation 2012, a

Council Pensioner Remission on the differential general rate of a maximum of 27%applicable to the rating category designated, capped at $171 if levied half yearly or$342 if levied once per year, will be granted to all ratepayers who are pensioners and who are eligible for the State Government pensioner remission.

CARRIED


Moved: Cr MJ Power Seconded: Cr S Bennetto

That Council: In accordance with the Queensland Government Pensioner Rate Subsidy Scheme, as

existing at time of rating, a Pensioner Subsidy of 100%, capped at the StateGovernment’s approved maximum of an anticipated $200 per annum, will be allowed on the differential general rate as levied for residential properties.

CARRIED




That Council: In accordance with S120, 121 and 122 of the Local Government Regulation 2012, Council

will continue to provide assistance to approved Sporting, Cultural and Welfare Groups as budgeted, with the basis of concession being as follows, subject to nett rates and charges, after concession applied, being paid in full within 30 days of the date of issued of the rate notice:

• 50% of the differential general rates; 50% of the sewerage utility charge; nilconcession on water utility charges unless otherwise determined and 50% of the calculated excess water charge when an organisation has a Water ManagementPlan, subject to a defined period, if required.

CARRIED

REFERENCE DOCUMENT • Officer’s Report Document No. 1277860____________________________________________________________________________

5.6 Statement of Original Budget

EXECUTIVE SUMMARY In accordance with the Local Government Regulation 2012 the Council budget must contain certain statements prepared on an accrual basis. The statutory statements include all budget allocations for the financial period.


In accordance with S169(1) of the Local Government Regulation 2012, adopt the following financial statements representing the Original Budget for the year ended 2019 and the next 2 financial years, which have been prepared on an accrual basis, and attached at Annexure “F1” to “F4” -

o Budget Income Statement; o Budget Balance Sheet (Statement of Financial Position); o Budget Cashflow Statement; and o Budget Statement of (Changes in) Equity.

____________________________________________________________________________


Moved: Cr AP Barr Seconded: Cr GJ Lohmann

That Council: In accordance with S169(1) of the Local Government Regulation 2012, adopt the

following financial statements representing the Original Budget for the year ended 2019 and the next 2 financial years, which have been prepared on an accrual basis, and attached at Annexure “F1” to “F4” –

o Budget Income Statement; o Budget Balance Sheet (Statement of Financial Position); o Budget Cashflow Statement; and o Budget Statement of (Changes in) Equity.

CARRIED


REFERENCE DOCUMENT • Officer’s Report Document No. 1277863____________________________________________________________________________

5.7 Measures of Financial Sustainability

EXECUTIVE SUMMARY In accordance with the Local Government Regulation 2012, the budget must include each of the relevant measures of financial sustainability for the current financial year and the next 9 years.


In accordance with S169(4) and (5) of the Local Government Regulation 2012, note the information provided in the attachment showing the following measures of sustainability for 2019/2020 and the next 9 financial years, as tabled in Annexure “G”:

o Asset Sustainability Ratio o Net financial liabilities ratio o Operating surplus ratio

_____________________________________________________________________________



That Council: In accordance with S169(4) and (5) of the Local Government Regulation 2012, note

the information provided in the attachment showing the following measures of sustainability for 2019/2020 and the next 9 financials years, as tabled in Annexure “G”:

CARRIED

REFERENCE DOCUMENT • Officer’s Report Document No. 1193205_________________________________________________________________________________________

5.8 Procurement Policy

EXECUTIVE SUMMARY In accordance with the Local Government Regulation 2012 a local government must review its procurement policy annually. The budget process provides such a timely review for the procurement policy. . OFFICER’S RECOMMENDATION That Council:

Note, in accordance with S198(3) of the Local Government Regulation 2012, the Procurement Policy as attached and adopted at Council’s general monthly meeting 23 January 2019.

_____________________________________________________________________________________

o Asset Sustainability Ratio o Net financial liabilities ratio o Operating surplus ratio




That Council: Note, in accordance with S198(3) of the Local Government Regulation 2012, the

Procurement Policy as attached and adopted at Council’s general monthly meeting 23 January 2019.

CARRIED

REFERENCE DOCUMENT • Officer’s Report Document No. 1278043________________________________________________________________________________

5.9 Inclusion of Councillors’ Discretionary Funds in 2019/20 Budget

EXECUTIVE SUMMARY Section 202 of the Local Government Regulation 2012 provides for the requirements about discretionary funds for Councillors, adopted 15 March 2017.

OFFICER’S RECOMMENDATION That Council: Note Councillors’ discretionary funds totalling $15,000 in the 2019-2012 budget; as set

out hereunder, as adopted at Council’s general monthly meeting 15 March 2017: • Mayor $3,000.00 • Councillors $2,000.00 each


Moved: Cr BP Robertson Seconded: Cr S Bennetto

CARRIED

REFERENCE DOCUMENT • Officer’s Report Document No 1278044_____________________________________________________________________________

6. CLOSE OF MEETING

There being no further business, the General Meeting closed at 2:17pm

CONFIRMED BY COUNCIL AT THE GENERAL MEETING HELD ON 21 AUGUST 2019

Mayor Date

That Council: Note Councillors’ discretionary funds totalling $15,000 in the 2019-2012 budget; as

set out hereunder, as adopted at Council’s general monthly meeting 15 March 2017: • Mayor $3,000.00 • Councillors $2,000.00 each

21 August 2019


7. ANNEXURES TO MINUTES

Minutes of Charters Towers Regional Council 2019/20 Statutory Budget Meeting held 26 July 2019

ANNEXURE A

1 | P a g e

OPERATIONAL PLAN

2 0 1 9 / 2 0 2 0

2 | P a g e

3 | P a g e

ANNUAL REPORTDocument created at the end of each financial year providing a

summary of what Council has achieved for the year.

QUARTERLY REPORTS Progress reports completed each quarter on the Operational

Plan activities.

OPERATIONAL PLAN AND BUDGET Annual document that outline how Council will achieve

Corporate Plan outcomes for the financial year.

CORPORATE PLAN Council's five year strategic document outlining the goals and

outcomes to acheive the community's expectations.

Introduction to the Operational Plan The 2019/2020 Operational Plan is an integral document in relation to the Strategic Framework that Council operates within under legislation. The Operational Plan is a requirement under the Local Government Regulation 2012 and this plan has been prepared in accordance with those requirements. Strategic Framework The Operational Plan provides the direction for the 12 month period of the Financial Year. The Chief Executive Officer must provide Council with regular updates on progress on the key projects and measures set out in the Operational Plan. As part of the budget process, a 10 Year Long Term Financial Forecast is included to ensure the long term sustainability of the Council. At the conclusion of the year the Chief Executive Officer provides an Annual Review against the Corporate Plan. Council’s Annual Report is compiled and adopted within one month of the completion of the annual audit of Council’s financial performance.

4 | P a g e

Focus Areas These are the seven priority Focus Areas identified in the Corporate Plan and have been highlighted as being the Council’s priority for the next five years. ECONOMIC DEVELOPMENT

To be a premier rural service-centre offering traditional and innovative opportunities to work, live, play and invest.

TOURISM

To be a destination of choice for new and repeat regional, intrastate, interstate and international visitors, known for our unique and authentic experiences derived from our natural and historical assets.

INFRASTRUCTURE AND SUSTAINABILITY

To create a sustainable future for the Region through the maintenance, enhancement and protection of our built and natural environment.

WATER

To provide water security that supports community lifestyle, development attraction and agricultural expansion.

COMMUNITY

To be an inclusive and engaged resilient community, with access to services and facilities that enable a safe and healthy lifestyle.

ADVOCACY

To be a strong and respected regional Local Government voice to promote and facilitate growth on behalf of our community.

OUR ORGANISATION

To be an efficient and effective organisation underpinned by a customer-service centric culture.

5 | P a g e

KEY PROJECTS AND PROGRAMS KEY MEASURES DIRECTORATE

Continue the promotion of sale of land for industrial development

• Continue to pro-actively promote sales of land in Cunningham Industrial Estate

Office of the Chief Executive Officer

Identify and promote “shovel ready” parcels of land for residential development

• Prepare a strategy to facilitate the release of Council and State owned land for residential purposes


Development of an air, road and rail logistics hub

• Investigate opportunities for further development of the Charters Towers Airport

• Further investigate inland port

opportunities


Advocate for a staged approach to delivery of the Hells Gate Dam project with a focus on early works such as Big Rocks Weir

• Continue to work with project proponents for the delivery of the Big Rocks Weir project


Prepare an Economic Development Strategy 2019-2024 as a priority for the 2019-2020 year

• Engage with key stakeholders and develop strategies to support local business, provide commercial activation for the town centre and encourage investment across the region


Prepare a “Priority Projects Prospectus” document to assist in obtaining funding from both government and private proponents

• Engage with elected members (post 2020 Local Government election) and community to develop a prospectus for priority projects for submission to the State Government prior to the 2020 State Government election (Q4 2019/2020)


6 | P a g e


Commence the development of a tourism strategy (Jan 2020) in accordance with the Building Better Regions Round 3 (Tourism) funding

• Revisit and re-prioritise the Towers Hill Master Plan


7 | P a g e


Completion of the Capital Works Program within each financial year

• All capital works scheduled to be delivered are complete by end of Q4 2019/2020

Infrastructure Services

Works for Queensland Program Stage 3 and undertake planned works in 2019/20

• Works completed according to agreed schedule

All Directorates

Complete the Asset Management Plans for all identified classes of assets

• Finalise the three Asset Management and Service Level plans yet to be adopted: - Plant - Saleyards - Equestrian Centre


Finalise and adopt the Local Government Infrastructure Plan for the region

• Adopt by end of Q4 2019/20 Corporate and Community Services

Review of traffic counts and hierarchy for urban and rural networks

• Traffic count data completed to the end of 2018/19 will be reviewed over 2019/20 resulting in a potential re-classification of road hierarchies


Investigate solar power connections for Council facilities

• Consolidate the outcomes from the electricity tariff review and then consider solar options in conjunction with the LG Sherlock electricity project

Corporate and Community Services

Future planning for Charters Towers waste management

• Resolve the preferred future site for the landfill in Charters Towers by end of Q4 2019/20


Implementation of a regional Waste Management Strategy

• Pending release of Queensland Government’s Draft Waste Management and Resource Recovery Strategy and NQ Regional Waste Infrastructure Plan

• Continued input and consultation to achieve the outcomes of the NQ Regional Waste Reduction and Recycling Plan


Implementation of a Trade Waste Management Plan

• Implementation Strategy and internal training delivered by end of Q3 2019-2020


8 | P a g e


Water Infrastructure Upgrade Project (WIUP)

• Completion of work in accordance with Project Implementation Plan


Develop a plan to augment rising mains and reservoirs to match upgraded Water Treatment Plant capacity

• A draft has been developed

• Council to adopt a plan in the 2019/2020 year


Development of a “Water Demand” Strategy

• Strategy developed by end of 2019/2020 year


9 | P a g e


Continued support of the development of arts-based programs through funds, grants and joint initiatives

• Continue to support the RADF program and encouragement of the arts as part of the program

• Increase in groups and individuals lodging applications for support and assistance to develop their skills and craft

• 90% acquittal of funding applications approved


Establish a Community Engagement Policy


Explore opportunities to enhance support for community and sporting groups throughout the region

• Ongoing support for community events to enhance a vibrant and active community


Community Events - Conduct the Towers Rush event 2019

• Increase attendance at lead up events by 15 %

• Positive feedback from participants • Attract additional external funding

from organisations that see value in healthy lifestyles


Planning for the Region’s 150 year anniversary in 2022

• A draft event plan to be provided by 30 June 2020

• Event team meets on a regular basis

Office of the Chief Executive Officer and Corporate and Community Services

Disaster response and recovery • Recovery initiatives developed to address community resilience

Office of the Chief Executive Officer and Corporate and Community Services

Ongoing commitment to Indigenous Land Use Agreements (ILUA’s)

• Review existing Indigenous Land Use Agreements (ILUA’s) and determine whether Council considers that changes to the agreements are required.

• Continued support for cultural activities such as National Aborigines and Island Day Observance Committee (NAIDOC) and National Reconciliation Week

All Directorates

10 | P a g e

KEY PROJECTS AND PROGRAMS KEY MEASURES

DIRECTORATE

Prepare a “Priority Projects Prospectus” document to assist in obtaining funding from both government and private proponents

• Prepare by end of Q2 2019/20 Office of the Chief Executive Officer

Lobby for the Northern Alliance of Councils’ Annual Conference to be held in Charters Towers during Q1 2020/21

• Submit a bid to host the event for consideration at the 2019 Annual General Meeting


Specifically pursue opportunities for a new hospital, the inland highway and a permanent military presence in the region

• Continued involvement in the Queensland Health’s Community Advisory Network

• Advocacy through state and federal members for continued upgrading of the inland highway (Gregory Development Highway)

• Advocacy through federal member and Department of Defence to facilitate the presence of the Singapore military training initiative (ASMTI)

• Encourage local businesses to participate in tendering for government business opportunities

• Encourage the use of the region’s facilities by the Department of Defence to undertake further military exercises


11 | P a g e

KEY PROJECTS AND PROGRAMS

KEY MEASURES DIRECTORATE

Develop and adopt a comprehensive financial planning model


Integrate financial plans with asset management plans

• Implement by end of Q4 2019/20 Corporate and Community Services

Significantly improve reporting regime which may include periodic external review

• Implement by end of Q2 2019/20 Corporate and Community Services

Implementation of OneCouncil Enterprise Resource Platform

• Move from implementation of Phase 1 into Benefits Realisation of the project

• System upgrades for 2018B and 2019A

• Determine what preparation /planning is required for Phase 2 once status of release of Property and Rating module is provided by supplier


Implement mentoring and succession planning

• Develop and implement an appropriate mentoring and succession plan across the organisation


Completion of amalgamation of Administration Offices

• Finalise arrangements for relocation of City Hall personnel

All Directorates

Finalise amalgamation of depot arrangements

• Develop a plan to enable the amalgamation of the depots by the end of 2019/2020


Re-design of Council’s website • Website updated to new platform by end of 2019/2020


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PH. (07) 4761 5300 | F (07) 4761 5344 E. [email protected] ABN. 67 731 313 583 www.charterstowers.qld.gov.au


ANNEXURE B

STATUTORY POLICY

Statutory Policy S0037/COR Investment Policy 2019/2020 Adopted: 26 July 2019 Charters Towers Regional Council Page 1 of 11

NUMBER: S0037/COR

ACT: Local Government Act 2009

Local Government Regulation 2012

POLICY TITLE: Investment Policy 2019/2020 POLICY 1. PURPOSE AND SCOPE

1.1. The purpose of this policy is to outline the objectives, recognition of risk and management

approach that Charters Towers Regional Council will adopt in the Investment risk management process.

1.2. Council will maximise the investment rate of return on surplus funds whilst maintaining an acceptable level of risk within established prudential guidelines. All investments made in managing surplus cash shall be in products permitted under the relevant legislation and in accordance with this policy.

1.3. Council will actively manage the net debt position of core surplus funds, ensuring there is necessary liquidity to meet future requirements.

1.4. Financial assets will be managed in an economic and efficient manner for the long term benefit of the community.

1.5. Manage in such a way that Council is able to meet its obligations at all times. 1.6. Maintain adequate internal controls and staffing to minimise operational risk. 2. COMMENCEMENT OF POLICY

This Policy will commence from 1 July 2019. It replaces all other policies relating to investment activities (whether written or not).

3. APPLICATION OF POLICY

This policy applies to all people acting for and on behalf of the Charters Towers Regional Council, including Councillors, employees, consultants and contractors. 4. DEFINITIONS

To assist in interpretation, the following definitions shall apply:

Authorised Deposit-taking Institution (ADI)

Institutions (banks, building societies and credit unions) that take deposits and are supervised by the Australian Prudential Regulation Authority.

Investment Risk Management

Is defined as the management of the liquidity of the Council to ensure that the financial assets are managed in an economic and efficient manner, whilst maximising the return on surplus funds within acceptable levels of risk.

Interest Rate Risk The risk that Council will suffer a financial loss or reduced earnings due to the adverse movements in interest rates.

Liquidity Risk The risk that an unforeseen event or miscalculation in the required liquidity level will result in poor interest income earnings.

Credit Risk The risk that arises through the inability of the counterparty to meet its financial obligations resulting in a financial loss to Council.

Operational Risk Exists where inadequate or inappropriate policies and procedures

STATUTORY POLICY


lead to financial mismanagement or fraud. At Call Investment An investment by a statutory body, where the body may, without

penalty, obtain all amounts under the investment- a) Immediately it gives written or oral notice to the person with whom the investment is made; or b) Within 30 days after written or oral notice is given to the person with whom the investment is made.

Bank Bills An investment which is an unconditional written order by a bank to pay a fixed sum –the bill’s face – at a fixed time to the statutory body.

Term Deposit An investment where money is placed for a fixed period at a stated rate of interest, which will applies for the durations of the term.

Fixed Interest Securities Investments where interests paid on investments, such as bonds and debentures, is paid at a predetermined and unchanging rate for a specified period (the life of the bond or debenture).

Negotiable Certificate of Deposit

Certificates of deposit are negotiable bearer debt securities. They are issued at a discount to the face value and do not require endorsement when sold.

Short-term rating A-1+ Indicates that the ADI’s capacity to meet its financial commitment on obligations is extremely strong.

Short-term rating A-1 Indicates a strong capacity to meet its financial commitment on obligations.

Short-term rating A-2 Exhibits a satisfactory capacity to meet its financial commitment on obligations, however, ADI is somewhat susceptible to the adverse effects of changes in circumstances and economic conditions.

Short-term rating A-3 Exhibits adequate protections, however, adverse economic conditions or changing circumstances are more likely to lead to a weakened capacity to meet financial commitments on obligations.

Long-term rating AAA to AAA -

An extremely strong capacity to meet financial commitments.

Long-term rating AA + to AA -

A very strong capacity to meet financial commitments.

Long-term rating A + to A -

A strong Capacity to meet financial commitments, however, somewhat susceptible to the adverse effects of changes in circumstances and economic conditions.

Long-term rating BBB + to BBB -

An adequate capacity to meet financial commitments, however, adverse economic conditions or changing circumstances are more likely to lead to weakened capacity to meet financial obligations.

5. POLICY PROVISIONS

5.1 Risk Management

5.1.1 Interest Rate Risk

Council will manage its cash flow to minimise risk to adverse interest rate movements and in line with the liquidity requirements of the organisation. Surplus funds will be invested in approved investment vehicles and/or products approved under this policy and authorised by legislation.

5.1.2 Liquidity Risk (Cash Flow Risk)

The Finance Section within the Corporate and Community Services Directorate will be responsible for managing the cash flow of the Council, to ensure appropriate cash balances or facilities are available to meet financial obligations in a timely manner.

STATUTORY POLICY


In order to minimise exposure to any one particular financial institution, the percentage limitation for each institution is outlined in the table below.

ADI type - Financial Institutions

Maximum from the total investment pool invested with any one particular

Institution

Value Percentage

Major & Regional Banks $2,500,000.00 20%

Rated Building Societies $1,500,000.00 20%

Unrated Building Societies $500,000.00 5%

Credit Unions (Assets more than $1 billion) $1,000,000.00 10%

Credit Unions (Assets more than $300 million) $500,000.00 5%

5.1.3 Credit Risk

Council’s surplus funds will be invested in products as approved in this policy and in line with those investments allowed under the Local Government Act 2009, the Local Government Regulation 2012 and the Statutory Bodies Financial Arrangements Act 1982. If any of the funds/securities held are downgraded such that they no longer fall within Council’s investment policy guidelines, they will be divested as soon as it is practicable, but no later than 28 days after the change becomes known to Council. Council shall keep a current list of long term paper ratings for both the cash and bond funds (the managed funds must maintain a minimum AA rating) and the financial institutions. Refer to Appendix 1 for Credit Rating Definitions. The Authorised Deposit-taking Institution’s (ADI) ratings shall be updated on a minimum 6 monthly basis. Appendix 2 provides a list of ADI’s with their credit ratings as considerations for future investment opportunities. A complete list of ADIs can be found at Australian Prudential Regulation Authority website at the following web address: https://www.apra.gov.au/authorised-deposit-taking-institutions.

5.1.4 Operational Risk

The Director Corporate and Community Services is responsible for ensuring that appropriate policies and procedures are in place for investment management and that such internal controls exist:

a) Appropriate reporting mechanisms b) Separation of duties c) Identify and manage conflicts of interest

https://www.apra.gov.au/authorised-deposit-taking-institutions

STATUTORY POLICY


d) Prudent person standard e) Clearly delegate authority

5.2 Investment Framework

5.2.1 Derivation of Authority for Investments

Charters Towers Regional Council adopts an investing framework, which complies with Category 1 Investment Powers. Guidelines and authorities for Category 1 investments are outlined in: 5.2.1.1 Statutory Bodies Financial Arrangements Act 1982, Part 6 – Section 44 Category 1

investment power (1) Category 1 investment powers is the power to invest in all or any of the following –

a) deposits with a financial institution; b) investment arrangements accepted, guaranteed or issued by or for the

Commonwealth or a State or a financial institution; c) other investment arrangements secured by investment arrangements

accepted, guaranteed or issued by or for the Commonwealth or a State or a financial institution;

d) investment arrangements, managed or offered by QIC or QTC, prescribed under a regulations for this paragraph;

e) an investment arrangement with a rating prescribed under a regulation for this paragraph

f) other investment arrangements prescribed under a regulation for this paragraph.

(2) However, the investment must be –

a) at call; or b) for a fixed time of not more than 1 year.

5.2.1.2 Statutory Bodies Financial Arrangements Regulation 2007 – Schedule 3

5.3 Term of Investment

Council’s investment portfolio should be realisable, without penalty, in a reasonable time frame. The term to maturity of Council’s fixed or minimum term investments will not exceed one year in accordance with Section 44(2) of the Statutory Bodies Financial Arrangements Act 1982. Also, in accordance with Statutory Bodies Financial Arrangements Act 1982, Section 43 Council must invest:

a) In Australian money; and b) Undertake investment in Australia.

5.4 Approved investment possibilities consist of:

a) Debentures or Securities guaranteed by the Commonwealth or a State or Territory of the Commonwealth;

b) Deposits at interest with a licensed bank as an approved ADI (Authorised Deposit-taking Institution);

c) Deposits at interest with a Credit Union or Building Society as an approved ADI; and d) Deposits at interest with a person approved by the Reserve Bank of Australia as a

dealer in the short term money market. Refer to list as per Australian Prudential Regulatory Authority (APRA) website for approved institutions.

STATUTORY POLICY


5.5 Approved Financial Instruments, with investment limits

Instrument Maximum Maturity $ Limit or Maximum % of Total Investments

At Call At Call NA *

Bank Bills 365 Days 100%

Term Deposits 365 Days 100%

Fixed Interest Security 365 Days 100%

Negotiable Certificate of Deposit 365 Days 100%

Definitions on the abovementioned instruments can be found at 4. DEFINITIONS.

* Account balance maintained at or above institution requirements. Total Investment at call depends on cash flow requirements to meet council’s financial obligations

5.6 All Other Investments

Areas of Fund Placement There are two areas of funds placement available to Council.

a) Direct Council Investment – investment b) Brokering

5.7 Diversification of Investments to Minimise Exposure to Credit Risk

Credit risk is the risk that the Council will suffer a financial loss due to the failure of the counterparty to meet its financial obligations. To manage credit risk this policy sets limits on the placement of investments. Investments will be limited in relation to:

5.7.1 The ADI’s long-term and short-term credit rating When placing investments, consideration will be given to the relationship between credit rating and interest rate. The amount invested with financial counterparties should not exceed the following percentages of funds invested.

Long Term Rating

(Standard & Poor's or

equivalent)

Short Term Rating

(Standard & Poor's or equivalent)

Maximum Percentage of Total

Investments

Group 1 AAA to AA- A-1+ 100%

Group 2 A+ to A- A-1 75%

Group 3 BBB+ to BBB- A-2 to A-3 50%

Group 4 Unrated - 25%

STATUTORY POLICY


Refer to 4. DEFINITIONS for Credit Ratings Definitions.

5.7.2 The ADI Type

The amount of capital exposure per ADI type is limited as outlined in the table below. This table determines the maximum allowable capital exposure per ADI type.

ADI Type - Financial Institutions Maximum Percentage of Total Investments

Major & Regional Banks 100%

Rated Building Societies 50%

Unrated Building Societies 25% Credit Unions (Assets more than $1 billion) 25%

Credit Unions (Assets more than $300 million) 25%

Major Banks – including but not limited to ANZ, National Australia Bank, Westpac and Commonwealth Bank of Australia. Regional Banks – include but not limited to Suncorp-Metway Limited, Bendigo and Adelaide Bank Limited, Bank of Queensland, and Rural Bank Limited. Rated Building Societies – Include Greater Building Society, IMB Ltd and Newcastle Permanent Building Society. Unrated Building Societies – include but not limited to B & E Ltd and Hume Building Society Ltd. Rated Credit Unions – Credit Union Australia Ltd and Teachers Mutual Bank. Unrated Credit Unions with assets over $1 billion – include but not limited to Queensland Country Credit Union, Australian Central Credit Union (T/A People’s Choice Credit Union) and Queensland Teachers’ Mutual Bank. Unrated Credit Unions with assets over $300 million – include but not limited to Police Credit Union, Railways Credit Union Ltd and Community First Credit Union. A list of ADI’s with their relevant rating is attached as Appendix 1 for reference purposes and Appendix 2 has a list of Unrated ADI’s noting their asset backing.

5.7.3 Investment Process

a) The Director Corporate and Community Services will confirm details of request for potential investment to the Accounting Officer.

b) The Financial Services Coordinator will obtain potential investment rates from the ADI’s listed of Approved ADI’s.

c) The list of rates obtained will be presented to the Director Corporate and Community Services.

d) The Director Corporate and Community Services will decide on the investment to be taken.

5.7.4 Investment Decision The decision for placing investments should take into consideration the following points:

a) The relationship between credit rating and interest rate. b) The amount currently invested with the ADI’s for each rating group, which should not

exceed the percentages of total capital invested as outlined in Table 5.1.2. c) The amount currently invested with ADI.

5.7.5 Assessment and Decision Making process for New Investment Product or Financial Institution

STATUTORY POLICY


The assessment process should take into consideration the following points:

a) The risks associated with the new Investment Product or Financial Institution. b) Determine the margins for investing in new Investment Product or Financial Institution.

The findings from the assessment of the new Investment Product or Financial Institution will be presented in a report from the Finance Section to the Chief Executive Officer. The decision making process will involve:

a) The Chief Executive Officer evaluating the report on the new Investment Product or Financial Institution.

b) Based on the assessment report decide if the new investment Product of Financial Institution is an investment option for Council.

5.7.6 Reporting

The monthly report shall be provided to the Chief Executive Officer for authorisation prior to presentation to Council. The report will detail the investment portfolio providing information on:

a) Terms of performance b) ADI percentage exposure of total portfolio c) Any breaches of the policy

The report shall value investments at cost or on a market-to-market basis for securities. It shall give details of the investment portfolio in terms of:

a) Interest rate b) Year to date return versus the 90 day BBSW (Bank Bill Swap Reference Rate)

5.7.7 Recording Keeping The Finance Section is to maintain an Investment Register detailing the following information:

a) Record of comparative rates gathered at time of obtaining investment rates from Approved ADIs.

b) Information relevant to all current investments, including applicable interest rate, term, amount.

c) Comparison of total current invested funds by amount, percentage and rating of ADI. 6. POLICY REVIEW

The policy is to be reviewed whenever legislation changes, OR annually to coincide with the annual budget, at the direction of the Chief Executive Officer.

Variations CTRC reserves the right to vary, replace or terminate this Policy from time to time. Associated Documents • Local Government Regulation 2012: Chapter 5 Financial Planning and Accountability – Part 4

Financial Policies, Section 191

STATUTORY POLICY


APPENDIX 1 – Rated Authorised Deposit-taking Institution Information Major & Regional Banks

Institution

Short term rating

Long term rating

Credit watch action Rating Date

Major Banks

ANZ Banking Group Ltd A-1+ AA- Negative 12 Sep 96 short-term 01 Dec 11 long-term

Commonwealth Bank of Australia A-1+ AA- Negative

14 Jun 96 short-term 01 Dec 11 long-term

Westpac Banking Corp A-1+ AA- Negative 12 Sep 96 short-term 01 Dec 11 long-term

National Australia Bank Ltd A-1+ AA- Negative 15 Nov 94 short-term 01 Dec 11 long-term

Regional Banks

Suncorp-Metway Ltd A-1 A+ Stable 11 Dec 03 short-term 04 Oct 10 long-term

Bendigo and Adelaide Bank Ltd A-2 BBB+ Stable

29 May 02 short-term 22 May 17 long-term

Bank of Queensland Ltd A-2 BBB+ Stable 14 Jan 94 short-term 22 May 17 long-term

Members Equity Bank Pty Ltd A-2 BBB Stable

25 Aug 06 short-term 22 May 17 long-term

Macquarie Bank Ltd A-1 A Developing 17 Jan 94 short-term 15 Nov 94 long-term

AMP Bank Ltd A-2 A- Watch Neg 01 Mar 19 short-term 01 Mar 19 long-term

STATUTORY POLICY


Rated Building Societies

Institution

Short term rating

Long term rating


Greater Bank Ltd A-2 BBB Stable 12 Oct 06 short-term 22 May 17 long-term

Newcastle Permanent Building Society Ltd A-2 BBB Stable

12 Oct 04 short-term 22 May 17 long-term

Organisational ratings for possible At-call Fund Investments

Institution

Short term rating

Long term rating


Queensland Treasury Corporation A-1+ AA+ Stable

04 Jul 02 short-term 20 Feb 09 long-term

Commonwealth Bank of Australia A-1+ AA- Negative

14 Jun 96 short-term 01 Dec 11 long-term

ANZ Banking Group Ltd A-1+ AA- Negative 12 Sep 96 short-term 01 Dec 11 long-term

Rated Credit Unions

Institution

Short term rating

Long term rating


Credit Union Australia Ltd A-2 BBB Stable 15 Oct 10 short-term 22 May 17 long-term

Teachers Mutual Bank Ltd A-2 BBB Stable 04 Aug 10 short-term 22 May 17 long-term

Australian Central Credit Union (T/a People’s Choice Credit Union) A-2 BBB Stable

15 Jun 12 short-term 22 May 17 long-term

Ratings Outlook Definitions

a) Positive means that a rating may be raised b) Negative means that a rating may be lowered c) Stable means that a rating is not likely to change d) Developing means a rating may be raised or lowered

Unrated Authorised Deposit-taking Institution information – asset backing from Annual Reports

STATUTORY POLICY


Unrated Building Society with assets over $300 million dollars

Institution Gross Assets (as per 2018 annual reports)

Net Assets (as per 2018 annual reports)

B & E Ltd t/a Bank of us $841 million $69.8 million

Hume Bank Limited Ltd $1.1 billion $75.8 million Unrated Credit Unions with assets over $1 billion dollars

Institution Assets (as per 2018 annual reports)


Queensland Country Credit Union $2.2 billion $245.2 million

Teachers' Mutual Bank Limited $7.1 billion $526 million Unrated Credit Unions with assets over $300 million dollars

Institution Assets (as per 2018 annual reports)


Police Credit Union $1.0 billion $78.5 million Railways Credit Union t/a MOVE Bank $614 million $63 million

Community First Credit Union $1.0 billion $89 million

STATUTORY POLICY


Official Use Only:

POLICY VERSION AND REVISION INFORMATION Policy Authorised by: Marnie Taylor Title: Director Corporate & Community Services

Original issue: 26 July 2019

Policy Maintained by: Belinda Blokland Title: Financial Services Coordinator

Current version: 2019/2020

Review date: June 2020

CEO Signature: __________________________ ___/___/______


ANNEXURE C

STATUTORY POLICY

Statutory Policy S0001/COR Debt Policy 2019/2020 Version: 2019/2020 Adopted: 26 July 2019 Charters Towers Regional Council Page 1 of 3

NUMBER: S0001/CORPORATE AND COMMUNITY SERVICES

ACT: Local Government Act 2009

Local Government Regulation 2012

POLICY TITLE: Debt Policy 2019/2020 POLICY 1. PURPOSE AND SCOPE

To comply with the legislative requirements under Local Government Regulations 2012. 2. COMMENCEMENT OF POLICY

This Policy will commence from 1 July 2019. It replaces all other policies relating to debt (whether written or not).

3. APPLICATION OF POLICY

This policy applies to all people acting for an on behalf of the Charters Towers Regional Council, including councillors, employees, consultants and contractors.

4. POLICY PROVISIONS 4.1 PLANNED BORROWINGS

2019-2020 In accordance with the Long Term Financial Forecast (LTFF), no borrowings currently deemed required. 2020-2021 In accordance with the LTFF, no borrowings currently deemed required.

2021-2022 In accordance with the LTFF, no borrowings currently deemed required. 2022-2023 In accordance with the LTFF, no borrowings currently deemed required. 2023-2024 In accordance with the LTFF, no borrowings currently deemed required. 2024-2025 In accordance with the LTFF, no borrowings currently deemed required. 2025-2026 In accordance with the LTFF, no borrowings currently deemed required. 2026-2027 In accordance with the LTFF, no borrowings currently deemed required. 2027-2028 In accordance with the LTFF, $3.5 million is forecast to be borrowed through Queensland Treasury Corporation for sewerage infrastructure improvements. 2028-2029 In accordance with the LTFF, no borrowings currently deemed required.

STATUTORY POLICY


4.2 LOAN REPAYMENTS TIMEFRAMES

Schedule of loan repayments for all existing and proposed loans:

Purpose Annual Repayment Proposed Maturity 2016/2017 Enterprise Resource Management System Loan

$131,000 June 2027

4.3 SHORT TERM FINANCE

The council may, from time to time, seek Treasury approval for short-term finance for operational cash-flow purposes. Borrowings of this type are only contemplated in cases of an emergent nature and would be raised through Queensland Treasury Corporation by way of an overdraft facility.

5. POLICY REVIEW The policy is to be reviewed whenever legislation changes, OR annually to coincide with the annual budget, at the direction of the Chief Executive Officer.

Variations CTRC reserves the right to vary, replace or terminate this Policy from time to time. Associated Documents • Local Government Regulation 2012; Chapter 5 Financial Planning and Accountability- Part 4

Financial Policies

Section 192 Debt Policy

(1) A local government must prepare and adopt a debt policy for the financial year.

(2) The debt policy must state –

(a) The new borrowings planned for the current financial year and the next 9 financial years; and

(b) The period over which the local government plans to repay existing and new borrowings.

STATUTORY POLICY


Official Use Only:






CEO Signature: __________________________ ___/___/______


ANNEXURE D

STATUTORY POLICY

Statutory Policy S0002/COR Revenue Policy 2019/2020 Version: 2019/2020 Adopted: 26 July 2019 Charters Towers Regional Council Page 1 of 4

NUMBER: S0002/COR

ACT: Local Government Act 2009 Local Government Regulation 2012 POLICY TITLE: Revenue Policy 2019/2020 LEGISLATIVE REQUIREMENTS LOCAL GOVERNMENT REGULATION 2012:

• Chapter 5 Financial Planning and Accountability • Part 4 Financial Policies

1 Section 193 Revenue policy

1.1. A local government’s revenue policy for a financial year must state: (a) the principles that the local government intends to apply in

the financial year for – (1) levying rates and charges; and (2) granting concessions for rates and charges; and (3) recovering overdue rates and charges; and (4) cost-recovery methods; and

(b) if the local government intends to grant concessions for rates and charges – the purpose for the concessions; and

(c) the extent to which physical and social infrastructure costs for a new development are to be funded by charges for the development.

1.2 The revenue policy may state guidelines that may be used for preparing the local government’s revenue statement.

1.3 A local government must review its revenue policy annually and in sufficient time to allow an annual budget that is consistent with the revenue policy to be adopted for the next financial year.

2 The making of rates and charges

In general Council will be guided by the principle of user pays in the making of rates and charges so as to minimise the impact of rating on the efficiency of the local economy. CounciI will also have regard to the principles of: 2.1 transparency in the making of rates and charges; 2.2 having in place a rating regime that is simple and inexpensive to administer; 2.3 equity by taking account of the different levels of capacity to pay within the local

community; and 2.4 flexibility to take account of changes in the local economy.

STATUTORY POLICY


3 The levying of rates In levying rates Council will apply the principles of: 3.1 making clear what is the Council’s and each ratepayer’s responsibility to the rating

system; 3.2 making the levying system simple and inexpensive to administer; 3.3 timing the levy of rates to take into account the financial cycle of local economic

activity, in order to assist smooth running of the local economy; and 3.4 equity through flexible payment arrangements for ratepayers with a lower

capacity to pay. 4 Concessions for rates and charges

In accordance with the Local Government Act Council remits rates for Pensioner Concession Card Holders on the same basis as permitted by the State Government Pensioner Rate Subsidy Scheme as administered by the Concessions Unit, Planning & Policy Co-ordination Branch, Department of Communities, Child Safety and Disability Services. In considering the application of concessions, Council will be guided by the principles of: 4.1 equity by having regard to the different levels of capacity to pay within the local

community; 4.2 the same treatment for ratepayers with similar circumstances; 4.3 transparency by making clear the requirements necessary to receive concessions,

and 4.4 flexibility to allow Council to respond to local economic issues.

Consideration may be given by Council to granting a class concession in the event all or part of the local government area is declared a natural disaster area by the State Government.

5 The recovery of rates and charges

In accordance with the Local Government Act, Council has processes in place for the recovery of unpaid amounts of rates and charges. Council will exercise its rate recovery powers in order to reduce the overall rate burden on ratepayers. It will be guided by the principles of: 5.1 transparency by making clear the obligations of ratepayers and the processes

used by Council in assisting them to meet their financial obligations; 5.2 making the processes used to recover outstanding rates and charges clear, simple

to administer and cost effective; 5.3 capacity to pay in determining appropriate arrangements for different sectors of

the community; 5.4 equity by having regard to providing the same treatment for ratepayers with

similar circumstances; and

STATUTORY POLICY


5.5 flexibility by responding where necessary to changes in the local economy. 6 Cost-recovery fees

In accordance with Local Government Act, Council may under a local law or by resolution fix a cost-recovery fee. Cost-recovery fees set by Council must not be more than the cost to the local government of taking the action for which the fee is charged.

STATUTORY POLICY


7 POLICY REVIEW:

The policy is to be reviewed whenever legislation changes, OR to coincide with year budget procedures.

Variations

CTRC reserves the right to vary, replace or terminate this Administrative Directive from time to time. Associated Documents

• Local Government Act 2009 • Local Government Regulation 2012 • S0003/COR Revenue Statement 2019/2020

_____________________________________________________________________________________

Official Use Only:






CEO Signature: __________________________ ___/___/______


ANNEXURE E1

QTC Local Government Forecasting Model—Charters Towers Regional Council

Statement of Comprehensive Income

Line item Annual resultJun-15A Jun-16A Jun-17A Jun-18A Jun-19A Jun-20B Jun-21F Jun-22F Jun-23F Jun-24F Jun-25F Jun-26F Jun-27F Jun-28F Jun-29F

1 error identified—Whole of Council active

All outputs are in thousands ($'000) unless otherwise indicated

Income

RevenueOperating revenueNet rates, levies and charges 18,872 20,792 21,451 21,852 22,454 23,014 23,827 24,669 26,076 26,915 27,710 28,528 29,372 30,241 31,137Fees and charges 2,122 2,742 2,501 2,266 2,483 2,711 2,752 2,793 2,835 2,877 2,921 2,964 3,009 3,054 3,100Rental income - - - - - - - - - - - - - - -Interest received 1,242 1,163 1,012 1,071 1,030 1,011 903 790 682 648 633 621 552 457 504Sales revenue 3,471 3,341 4,076 10,328 20,436 3,020 3,065 3,111 3,158 3,205 3,253 3,302 3,352 3,402 3,453Profit from investments - - - - - - - - - - - - - - -Other income 190 136 102 143 125 160 162 165 167 170 172 175 178 180 183

General purpose grants 6,663 6,498 9,098 5,905 6,213 6,510 6,608 6,707 6,807 6,909 7,013 7,118 7,225 7,333 7,443State subsidies and grants—operating 626 616 1,673 1,085 4,714 18,113 25,872 880 286 286 286 286 286 286 286Commonwealth subsidies and grants—operating - - - - - - - - - - - - - - -Other non-government subsidies and grants - - - - - - - - - - - - - - -Donations—operating - - - - - - - - - - - - - - -Contributions—operating 63 12 342 310 9 1 1 1 1 1 1 1 1 1 1

Grants, subsidies, contributions and donations 7,352 7,126 11,113 7,300 10,936 24,624 32,480 7,588 7,094 7,196 7,300 7,405 7,512 7,620 7,730Total operating revenue 33,249 35,300 40,255 42,960 57,464 54,540 63,189 39,116 40,012 41,012 41,989 42,996 43,974 44,955 46,107

Capital revenueGrants, subsidies, contributions and donations 2,152 4,786 4,348 8,095 11,533 5,742 2,078 1,673 1,673 1,673 1,673 1,673 1,673 1,673 1,673

Total revenue 35,401 40,086 44,603 51,055 68,997 60,282 65,267 40,789 41,685 42,685 43,662 44,669 45,647 46,628 47,780

Capital incomeTotal capital income (276) 216 316 1 - (1,107) (1,287) (778) (705) (898) (916) (871) (988) (796) (796)

Total income 35,125 40,302 44,919 51,056 68,997 59,175 63,980 40,011 40,980 41,787 42,746 43,798 44,659 45,833 46,984

Expenses

Operating expensesTotal staff wages and salaries 14,747 14,077 14,898 16,493 14,704 16,548 16,879 17,217 17,561 17,912 18,270 18,636 19,008 19,389 19,776Councillors' remuneration 389 433 372 397 423 433 437 442 446 451 455 460 464 469 474Employee provision expense - - - - - - - - - - - - - - -Other employee related expenses 5,720 3,906 3,746 3,113 3,908 3,886 3,925 3,964 4,004 4,044 4,084 4,125 4,166 4,208 4,250Less: capitalised employee expenses - - - - - - - - - - - - - - -

Employee benefits 20,856 18,416 19,016 20,003 19,035 20,867 21,241 21,622 22,011 22,406 22,810 23,220 23,639 24,065 24,500Materials and services 11,568 10,173 13,014 17,599 31,699 31,458 39,675 14,895 15,118 15,345 15,575 15,809 16,046 16,287 16,531Finance costs 37 36 41 39 34 70 66 63 59 56 52 48 44 42 126Depreciation and amortisation 7,049 7,378 7,438 7,629 7,426 7,586 7,760 7,878 7,962 8,054 8,123 8,199 7,076 7,089 7,404Other expenses - - - - - - - - - - - - - - -Total operating expenses 39,510 36,003 39,509 45,270 58,194 59,981 68,743 44,458 45,150 45,861 46,560 47,276 46,805 47,483 48,561

Capital expenses

CTRC_LGFM version 3.02_ 2018_19_Amended_2019_20 Original_Version_v2.xlsb12/07/2019 3:35 PM Page 1 of 2

LGFM v3.0.1'CompInc'

CHARTERS TOWERS REGIONAL COUNCIL Long Term Financial Forecast

INCOME STATEMENT 2019/2020 Statutory Budget TERS

REGION

QTC Local Government Forecasting Model—Chartes Towers Regional Council Statement of Comprehensive Income




Total capital expenses 6,938 1,253 2,549 2,016 - - - - - - - - - - -

Total expenses 46,448 37,256 42,058 47,286 58,194 59,981 68,743 44,458 45,150 45,861 46,560 47,276 46,805 47,483 48,561

Net result (11,323) 3,046 2,861 3,770 10,803 (806) (4,762) (4,447) (4,170) (4,074) (3,813) (3,479) (2,146) (1,651) (1,577)

Tax equivalents

Net result before tax equivalents (11,323) 3,046 2,861 3,770 10,803 (806) (4,762) (4,447) (4,170) (4,074) (3,813) (3,479) (2,146) (1,651) (1,577)Tax equivalents payable - - - - - - - - - - - - - - -Net result after tax equivalents (11,323) 3,046 2,861 3,770 10,803 (806) (4,762) (4,447) (4,170) (4,074) (3,813) (3,479) (2,146) (1,651) (1,577)

Other comprehensive income

Items that will not be reclassified to net resultIncrease (decrease) in asset revaluation surplus - - - - - - - - - - - - - - -Miscellaneous comprehensive income - - - - - - - - - - - - - - -

Total other comprehensive income for the year - - - - - - - - - - - - - - -

Total comprehensive income for the year (11,323) 3,046 2,861 3,770 10,803 (806) (4,762) (4,447) (4,170) (4,074) (3,813) (3,479) (2,146) (1,651) (1,577)

Operating result

Operating revenue 33,249 35,300 40,255 42,960 57,464 54,540 63,189 39,116 40,012 41,012 41,989 42,996 43,974 44,955 46,107Operating expenses 39,510 36,003 39,509 45,270 58,194 59,981 68,743 44,458 45,150 45,861 46,560 47,276 46,805 47,483 48,561Operating result (6,261) (703) 746 (2,310) (730) (5,441) (5,553) (5,342) (5,138) (4,849) (4,571) (4,280) (2,831) (2,528) (2,454)


LGFM v3.0.1'CompInc'


INCOME STATEMENT 2019/2020 Statutory Budget


ANNEXURE E2


Statement of Financial Position




Assets

Current assetsInternally restricted component - - 30,073 - 25,001 - - - - - - - - - - Externally restricted component 30,533 26,338 - - - - - - - - - - - - -Unrestricted component 1,000 5,659 7,476 39,092 4,359 25,926 22,813 16,875 14,804 14,288 13,323 12,931 8,288 8,998 7,695

Cash and cash equivalents 31,533 31,997 37,549 39,092 29,360 25,926 22,813 16,875 14,804 14,288 13,323 12,931 8,288 8,998 7,695

General trade and other receivables 3,195 3,518 4,558 5,064 5,064 5,419 6,317 3,885 3,987 4,081 4,192 4,296 4,402 4,498 4,623Internal loans outstanding - - - - - - - - - - - - - - -

Trade and other receivables 3,195 3,518 4,558 5,064 5,064 5,419 6,317 3,885 3,987 4,081 4,192 4,296 4,402 4,498 4,623

Inventories held for sale 579 586 590 635 635 635 635 635 635 635 635 635 635 635 635Inventories held for distribution - - - - - - - - - - - - - - -Land held for development or sale - - - - - - - - - - - - - - -

Inventories 579 586 590 635 635 635 635 635 635 635 635 635 635 635 635

Tax equivalent assets - - - - - - - - - - - - - - -Prepayments 471 441 501 436 436 436 436 436 436 436 436 436 436 436 436Other current assets - - - - - - - - - - - - - - -

Other current assets 471 441 501 436 436 436 436 436 436 436 436 436 436 436 436

Non-current assets held for sale - - - - - - - - - - - - - - -

Total current assets 35,778 36,542 43,198 45,227 35,495 32,416 30,201 21,831 19,862 19,440 18,586 18,297 13,760 14,568 13,389

Non-current assetsLand held for development for sale - - - - - - - - - - - - - - -

Inventories - - - - - - - - - - - - - - -

General trade and other receivables 68 55 44 32 19 3 - - - - - - - - -Internal loans outstanding - - - - - - - - - - - - - - -

Trade and other receivables 68 55 44 32 19 3 - - - - - - - - -

Joint ventures & associates - - - - - - - - - - - - - - -Controlled entities - - - - - - - - - - - - - - -Other investments - - - - - - - - - - - - - - -Investment property - - - - - - - - - - - - - - -

Investments - - - - - - - - - - - - - - -

Land 13,386 13,221 13,183 13,003 13,004 13,004 13,004 13,004 13,004 13,004 13,004 13,004 13,004 13,004 13,004Land improvements - - - - - - - - - - - - - - -Buildings 78,841 82,251 85,312 88,690 87,220 88,768 88,289 87,640 87,244 86,747 86,307 85,922 85,196 84,474 83,751Plant & equipment 13,354 12,907 12,716 11,383 9,505 8,756 8,650 7,270 5,865 4,429 2,958 1,444 1,120 842 498Furniture & fittings - - - - - - - - - - - - - - -Roads, drainage & bridge network 311,317 310,058 312,233 302,122 299,305 300,565 301,556 301,588 301,618 301,646 301,673 301,697 301,719 301,738 301,754Water 41,611 42,077 43,939 43,744 42,557 43,539 42,489 41,479 40,392 39,353 38,983 38,544 42,080 41,839 41,220Sewerage 16,841 17,126 17,081 17,008 16,398 15,904 15,645 18,171 19,138 18,774 18,461 18,001 18,356 21,329 23,435


LGFM v3.0.1'FinPos'

CHARTERS TOWERS REGIONAL COUNCILLong Term Financial Forecast

FINANCIAL POSITION STATEMENT2019/2020 Statutory Budget






Miscellaneous 600 570 570 381 381 381 381 381 381 381 381 381 381 381 38,395Work in progress 4,757 5,480 6,324 9,641 38,015 38,015 38,015 38,015 38,015 38,015 38,015 38,015 38,015 38,015 -

Property, plant & equipment 480,707 483,690 491,358 485,972 506,385 508,932 508,030 507,547 505,657 502,349 499,781 497,008 499,872 501,622 502,057

Intangible assets - - - - - - - - - - - - - - -Other non-current assets - - - - - - - - - - - - - - -

Other non-current assets - - - - - - - - - - - - - - -

Total non-current assets 480,775 483,745 491,402 486,004 506,404 508,935 508,030 507,547 505,657 502,349 499,781 497,008 499,872 501,622 502,057

Total assets 516,553 520,287 534,600 531,231 541,899 541,351 538,231 529,377 525,519 521,789 518,368 515,306 513,632 516,190 515,446

Liabilities

Current liabilitiesOverdraft - - - - - - - - - - - - - - -

Employee payables - - - - - - - - - - - - - - -Other payables 5,531 4,335 5,609 5,532 5,532 5,852 7,398 2,782 2,824 2,858 2,909 2,953 2,997 3,034 3,088

Trade and other payables 5,531 4,335 5,609 5,532 5,532 5,852 7,398 2,782 2,824 2,858 2,909 2,953 2,997 3,034 3,088

Loans - - - - - 143 147 151 156 160 165 169 4 139 141Finance leases - - - - - - - - - - - - - - -

Borrowings - - - - - 143 147 151 156 160 165 169 4 139 141

Employee 1,782 1,666 1,640 1,821 1,821 1,821 1,821 1,821 1,821 1,821 1,821 1,821 1,821 1,821 1,821Restoration & rehabilitation - - - - - - - - - - - - - - -Restructuring - - - - - - - - - - - - - - -Other - - - - - - - - - - - - - - -

Provisions 1,782 1,666 1,640 1,821 1,821 1,821 1,821 1,821 1,821 1,821 1,821 1,821 1,821 1,821 1,821

Tax equivalent liabilities - - - - - - - - - - - - - - -Other - - - - - - - - - - - - - - -

Other current liabilities - - - - - - - - - - - - - - -

Total current liabilities 7,313 6,001 7,249 7,353 7,353 7,816 9,367 4,754 4,800 4,839 4,895 4,943 4,822 4,993 5,050

Non-current liabilitiesTrade and other payables - - - - - - - - - - - - - - -

Loans - - 1,500 1,370 1,234 952 804 653 497 337 173 4 - 3,362 3,220Finance leases - - - - - - - - - - - - - - -

Borrowings - - 1,500 1,370 1,234 952 804 653 497 337 173 4 - 3,362 3,220

Employee 873 934 1,015 330 330 330 330 330 330 330 330 330 330 330 330Restoration & rehabilitation - - - 408 408 408 408 408 408 408 408 408 408 408 408Restructuring - - - - - - - - - - - - - - -


LGFM v3.0.1'FinPos'








Other - - - - - - - - - - - - - - -Provisions 873 934 1,015 738 738 738 738 738 738 738 738 738 738 738 738

Other non-current liabilities - - - - - - - - - - - - - - -

Total non-current liabilities 873 934 2,515 2,108 1,972 1,690 1,542 1,391 1,235 1,075 911 742 738 4,100 3,958

Total liabilities 8,186 6,935 9,764 9,461 9,325 9,505 10,909 6,145 6,036 5,915 5,806 5,685 5,560 9,093 9,008

Net community assets 508,367 513,352 524,836 521,770 532,574 531,846 527,322 523,232 519,483 515,874 512,562 509,621 508,073 507,097 506,437

Community equity

Asset revaluation surplus 156,606 158,543 167,166 160,330 160,330 160,408 160,647 161,003 161,425 161,890 162,391 162,929 163,526 164,202 165,119Retained surplus 351,761 354,809 357,670 361,440 372,244 371,438 366,676 362,229 358,058 353,984 350,171 346,692 344,546 342,895 341,319

Total community equity 508,367 513,352 524,836 521,770 532,574 531,846 527,322 523,232 519,483 515,874 512,562 509,621 508,073 507,097 506,437

Reconciliation

Net community assets to community equity - - - - - - - - - - - - - - -


LGFM v3.0.1'FinPos'




ANNEXURE E3


Statement of Cash Flows



Cash flows from operating activities

Receipts from customers 33,669 28,769 29,471 36,950 45,498 28,717 29,707 30,644 32,084 33,082 33,957 34,877 35,815 36,790 37,761Payments to suppliers and employees (41,063) (31,629) (32,732) (39,533) (50,767) (52,042) (59,407) (41,172) (37,126) (37,756) (38,374) (39,026) (39,682) (40,357) (41,020)Payments for land held as inventory - - - - - - - - - - - - - - -Proceeds from sale of land held as inventory - - - - - - - - - - - - - - -Dividend received - - - - - - - - - - - - - - -Interest received 1,240 1,160 1,009 1,070 1,028 1,011 903 790 682 648 633 621 552 457 504Rental income - - - - - - - - - - - - - - -Non-capital grants and contributions 7,352 7,126 11,113 7,299 10,937 24,464 31,677 10,112 7,144 7,188 7,288 7,395 7,501 7,612 7,717Borrowing costs (3) - (1) (40) - (33) (29) (25) (21) (16) (12) (7) (3) (0) (84)Tax equivalents paid to General - - - - - - - - - - - - - - -Dividend paid to General - - - - - - - - - - - - - - -Payment of provision - - - - - - - - - - - - - - -Other cash flows from operating activities - - - - - - - - - - - - - - -

Net cash inflow from operating activities 1,195 5,426 8,860 5,746 6,696 2,117 2,851 349 2,764 3,146 3,491 3,859 4,183 4,501 4,879

Cash flows from investing activities

Payments for property, plant and equipment (8,689) (10,487) (10,606) (12,283) (28,406) (11,701) (8,357) (8,266) (6,706) (5,621) (6,290) (6,041) (10,690) (9,210) (7,967)Payments for intangible assets - - - - - - - - - - - - - - -Net movement in loans and advances - - - - - 8 8 3 - - - - - - -Proceeds from sale of property, plant and equipment 1,466 723 1,435 181 567 539 450 450 350 442 320 281 360 250 250Grants, subsidies, contributions and donations 2,152 4,786 4,348 8,016 11,533 5,742 2,078 1,673 1,673 1,673 1,673 1,673 1,673 1,673 1,673Other cash flows from investing activities 15 16 14 14 14 - - - - - - - - - -

Net cash inflow from investing activities (5,056) (4,962) (4,809) (4,072) (16,292) (5,412) (5,821) (6,140) (4,683) (3,506) (4,297) (4,087) (8,657) (7,287) (6,044)

Cash flows from financing activities

Proceeds from borrowings - - 1,500 - - - - - - - - - - 3,500 -Repayment of borrowings (84) - 1 (131) (136) (139) (143) (147) (151) (156) (160) (165) (169) (3) (139)Repayments made on finance leases - - - - - - - - - - - - - - -

Net cash inflow from financing activities (84) - 1,501 (131) (136) (139) (143) (147) (151) (156) (160) (165) (169) 3,497 (139)

Total cash flows

Net increase in cash and cash equivalent held (3,945) 464 5,552 1,543 (9,732) (3,434) (3,113) (5,939) (2,070) (516) (966) (392) (4,643) 710 (1,303)

Opening cash and cash equivalents 35,478 31,533 31,997 37,549 39,092 29,360 25,926 22,813 16,875 14,804 14,288 13,323 12,931 8,288 8,998

Closing cash and cash equivalents 31,533 31,997 37,549 39,092 29,360 25,926 22,813 16,875 14,804 14,288 13,323 12,931 8,288 8,998 7,695


LGFM v3.0.1'CashFlow'


CASH FLOW STATEMENT2019/2020 Statutory Budget


Statement of Cash Flows



Reconciliation

Closing cash balance to Statement of Financial Position - - - - - - - - - - - - - - -


LGFM v3.0.1'CashFlow'


CASH FLOW STATEMENT2019/2020 Statutory Budget


ANNEXURE E4


Statement of Changes in Equity




Asset revaluation surplus

Opening balance 160,330 160,408 160,647 161,003 161,425 161,890 162,391 162,929 163,526 164,202Net result na na na na na na na na na naIncrease in asset revaluation surplus 78 239 357 422 465 501 538 598 675 917Internal payments made na na na na na na na na na naClosing balance 160,330 160,408 160,647 161,003 161,425 161,890 162,391 162,929 163,526 164,202 165,119

Retained surplus

Opening balance 372,244 371,438 366,676 362,229 358,058 353,984 350,171 346,692 344,546 342,895Net result (806) (4,762) (4,447) (4,170) (4,074) (3,813) (3,479) (2,146) (1,651) (1,577)Increase in asset revaluation surplus na na na na na na na na na naInternal payments made - - - - - - - - - - Closing balance 372,244 371,438 366,676 362,229 358,058 353,984 350,171 346,692 344,546 342,895 341,319

Total

Opening balance 532,574 531,846 527,322 523,232 519,483 515,874 512,562 509,621 508,073 507,097Net result (806) (4,762) (4,447) (4,170) (4,074) (3,813) (3,479) (2,146) (1,651) (1,577)Increase in asset revaluation surplus 78 239 357 422 465 501 538 598 675 917Internal payments made - - - - - - - - - - Closing balance 532,574 531,846 527,322 523,232 519,483 515,874 512,562 509,621 508,073 507,097 506,437


LGFM v3.0.1'ChgEquity'


CHANGES IN EQUITY STATEMENT2019/2020 Statutory Budget


ANNEXURE F1

2019/2020 2020/2021 2021/2022Original Forecast ForecastAnnual Annual AnnualBudget Budget Budget

INCOME

Recurrent Revenue

Nett Rate Levies & ChargesGross recurrent rates & utility charges (excludes excess water and interest) 24,071,986 24,919,480 25,797,060 Gross excess water rates 450,000 468,000 486,720 Discounts and rebates on rates and utility charges (1,508,086) (1,560,260) (1,614,330)

Total Nett Rate Levies & Charges 23,013,900 23,827,220 24,669,450

Fees & Charges 2,711,370 2,751,670 2,792,940

Lease Fees - - -

Interest received (includes rates & community loans) 998,798 902,510 789,730

Sales 150,000 152,250 154,534 Other recurrent income 159,510 162,400 164,840 Contract Income 2,870,000 2,913,050 2,956,746

Non capital Flood Event Grants 17,000,000 25,000,000 - Operating Grants & Subsidies 7,623,321 7,479,310 7,587,200 Operating Contributions 1,415 1,000 1,000 Developer Operating Contributions - - -

TOTAL Recurrent Revenue 54,528,314 63,189,410 39,116,440

Capital Revenue

Capital Grants & Subsidies 5,672,598 2,078,000 1,673,000 Capital Contributions 70,000 - - Developer Capital Contributions - - -

TOTAL Income before Capital Gain/loss on disposal 60,270,912 65,267,410 40,789,440

Gain/(loss) on disposal of non-current assets

TOTAL INCOME 60,270,912 65,267,410 40,789,440 EXPENSES

Recurrent Expenses

Materials, Services & Maintenance (30,817,555) (39,024,250) (14,234,620) Employee Benefits (20,867,000) (21,241,150) (21,622,350) Audit Fees (241,000) (244,620) (248,280) Donations (399,550) (406,000) (412,090) Finance costs (37,050) (66,350) (62,880)

Depreciation & amortisation (7,426,490) (7,760,440) (7,878,010)

TOTAL Recurrent Expenses (59,788,645) (68,742,810) (44,458,230)

Capital Expenses

Revaluation decrements/Loss on disposal (1,286,900) (778,280)

TOTAL EXPENSES (59,788,645) (70,029,710) (45,236,510)

Notional result attributable to council 482,267 (4,762,300) (4,447,071)

Notional Operating Position before Capital Income (5,260,331) (5,553,400) (5,341,791)

Notional Op Position before Capital Income & Excess Water (5,710,331) (6,021,400) (5,828,511)

Notional Cash available for Capital including Grants 7,908,757 2,998,140 3,430,940 Notional 'Council funded Cash' available for Capital 2,166,159 920,140 1,757,940

2019/2020 Original Budget

BUDGET INCOME STATEMENT

2019/2020

Statutory Budget


ANNEXURE F2


CURRENT ASSETSCash at Bank & On-Call Investments 25,964,444 23,775,791 17,480,363 Cash Floats 9,400 9,400 9,400 Trade and Other Receivables 3,050,384 4,302,951 4,076,111 Inventories 634,671 634,671 634,671 Accrued revenue & prepayments 2,450,059 2,450,059 245,059 Non-current assets classfied as held for saleTOTAL CURRENT ASSETS 32,108,958 31,172,872 22,445,604

NON-CURRENT ASSETSReceivables 10,942 3 - Property, plant and equipment 510,119,856 508,030,190 507,546,750 Internal Loan Receivables 8,973,650 8,579,300 8,184,950 TOTAL NON-CURRENT ASSETS 519,104,448 516,609,493 515,731,700

TOTAL ASSETS 551,213,406 547,782,365 538,177,304

CURRENT LIABILITIESTrade and other Payables 380,361 380,361 380,361 Borrowings 143,429 147,230 151,380 Annual & LSL Provisions 4,101,807 4,101,807 3,691,626 Accrued Expenses & Unearned Revenue 2,870,786 4,737,312 531,073 TOTAL CURRENT LIABILITIES 7,496,383 9,366,710 4,754,440

NON-CURRENT LIABILITIESTrade and Other Payables - - - Borrowings 949,418 804,360 652,990 Non Current LSL Provision 737,660 738,000 738,000 Internal Loans Payable 8,973,650 8,579,300 8,184,950 TOTAL NON-CURRENT LIABILITIES 10,660,728 10,121,660 9,575,940

TOTAL LIABILITIES 18,157,111 19,488,370 14,330,380

NET ASSETS 533,056,295 528,293,995 523,846,924

COMMUNITY EQUITYCouncil Capital 346,761,888 344,188,241 346,036,598 Asset Revaluation Reserve 160,329,963 160,329,963 160,329,963 Retained Surplus/(Deficiency)Cash Reserves 25,964,444 23,775,791 17,480,363

TOTAL COMMUNITY EQUITY 533,056,295 528,293,995 523,846,924

Statutory Budget


BUDGET BALANCE SHEET

2019/2020


ANNEXURE F3


CASH FLOW FROM OPERATING ACTIVITIESReceipts from Customers 26,034,780 26,794,140 27,687,284Receipts from Contracts - RMPC, RPC 2,870,000 2,913,050 2,956,746Payments to suppliers & employees benefits (32,642,155) (31,401,413) (34,748,342) Payments for RMPC and RPC (2,720,000) (2,913,050) (2,956,746) Payments for Flood Events (17,000,000) (25,000,000) -

(23,457,375) (29,607,273) (7,061,058)

Interest Received 998,000 902,510 789,730Non capital grants & contributions 7,624,736 7,480,310 7,588,200Non capital Flood Event Grants 17,000,000 25,000,000 - Borrowing costs - - - Net Cash inflow (outflow) from operating activities 2,165,361 3,775,547 1,316,872

CASH FLOW FROM INVESTING ACTIVITIESPayments for property, plant & equipment

Office of CEO (53,820) - - Corporate & Customer Services (605,000) (1,250,000) - Planning & Community Services (2,381,605) (992,000) (821,000) Roads Infrastructure (4,075,990) (3,808,000) (2,849,000) Other Infrastructure & Commercial Services (2,303,328) (1,827,000) (1,292,000) Water (2,166,526) (130,000) (169,000) Sewerage (115,000) (350,000) (3,135,000)

(11,701,269) (8,357,000) (8,266,000)

Receivables-Community Loan Repayments 9,026 8,000 3,000 Receivables-Internal Loans 394,350 394,350 394,350 Proceeds from sale of property, plant & equipment 539,000 450,000 450,000 Capital grants, subsidies, contributions 5,742,598 2,078,000 1,673,000Net cash inflow (outflow) from investing activities (5,016,295) (5,426,650) (5,745,650)

CASH FLOW FROM FINANCING ACTIVITIESProceeds from Internal Loan Borrowings - - - Repayment of Internal Loan Borrowings (394,350) (394,350) (394,350) Proceeds from Externall Loan Borrowings - - - Repayment of External Loan Borrowings (141,054) (143,200) (1,472,300) Net cash flow from financial activities (535,404) (537,550) (1,866,650)

NET INCREASE (DECREASE) IN CASH (3,386,338) (2,188,653) (6,295,428)

Opening CashBeginning of Reporting Period - Cash at Bank 29,350,782 25,964,444 23,775,791Beginning of Reporting Period - Cash Floats 9,400 9,400 9,400Cash at beginning of reporting period 29,360,182 25,973,844 23,785,191

Closing CashEnd of Reporting Period - Cash at Bank 25,964,444 23,775,791 17,480,363End of Reporting Period - Cash Floats 9,400 9,400 9,400Cash at end of reporting period 25,973,844 23,785,191 17,489,763

Cash Movement

Net Increase/(Decrease) in Cash at Bank (3,386,338) (2,188,653) (6,295,428) Net Increase/(Decrease) in Cash Floats - - -

NET INCREASE (DECREASE) IN CASH (3,386,338) (2,188,653) (6,295,428)


BUDGET CASH FLOW STATEMENT

2019/2020

Statuory Budget


ANNEXURE F4

Description of Movements Operating Position Council Capital

Asset Revaluation

Reserve TOTAL

Opening Balance - Original Annual Budget 2019/2020 29,350,782 342,893,283 160,329,963 532,574,028

Projected Operating Movement 482,267 - - 482,267

Transfers from/to Capital & Reserves (3,868,605) 3,868,605 - -

Closing Balance - Original Annual Budget 2019/2020 25,964,444 346,761,888 160,329,963 533,056,295

Opening Balance - Forecast Annual Budget 2020/2021 25,964,444 346,761,888 160,329,963 533,056,295

Projected Operating Movement (4,762,300) - - (4,762,300)

Transfers from/to Capital & Reserves 2,573,647 (2,573,647) - -

Closing Balance - Forecast Annual Budget 2020/2021 23,775,791 344,188,241 160,329,963 528,293,995

Opening Balance - Forecast Annual Budget 2021/2022 23,775,791 344,188,241 160,329,963 528,293,995

Projected Operating Movement (4,447,071) - - (4,447,071)

Transfers from/to Capital & Reserves (1,848,357) 1,848,357 -

Closing Balance - Forecast Annual Budget 2021/2022 17,480,363 346,036,598 160,329,963 523,846,924

43,795,677-


BUDGET STATEMENT OF CHANGES IN EQUITY

2019/2020

Statutory Budget


ANNEXURE G

COUNCIL'S CALCULATED RATIO

2018/2019AMENDED BUDGET


2019/2019ORIGINAL BUDGET


2020/2021FORECAST


2021/2022FORECAST


2022/2023FORECAST


2023/2024FORECAST


2024/2025FORECAST


2025/2026FORECAST


2026/2027FORECAST


2027/2028FORECAST


2028/2029FORECAST

STATE GOVERNMENT TARGET 2013*

Asset Sustainability ratio 153% 133.00% 106% 97% 83% 68% 74% 66% 142% 120% 97% Greater than 90%Operating Surplus ratio ‐1.30% ‐10.00% ‐8.80% ‐13.70% ‐12.80% ‐11.80% ‐10.90% ‐10.00% ‐6.40% ‐5.60% ‐5.30% Between 0% and 10%

Net financial liabilities ratio ‐45.50% ‐42.00% ‐30.50% ‐40.10% ‐34.60% ‐33.00% ‐30.40% ‐29.30% ‐18.60% ‐12.20% ‐9.50% Not greater than 60%

*Target data has been sourced from the Financial Management (Sustainability) Guideline 2013 prepared by the Department of Infrastructure, Local Government and Planning.

Negative Net Financial Liabilities ratio ‐ the Guideline states that a ratio less than zero (negative) indicates that current assets exceed total liabilities and therefore the local government appears to have financial capacity and the ability to increase its loan borrowings if necessary.

Negative Operating Surplus ratio‐ the Guideline states that a local government is expecting to not be able to generate sufficient revenues that can cover operating expenses and offset past or future operating deficits or act as a funding source for proposed capital expenditure and/or debt repayments. The percentage increase in operating revenues needed, to achieve a break‐even position.

2019/2020 Original BudgetBUDGET RATIOS STATEMENT

2019/2020

Version: 1, Version Date: 18/07/2019Document Set ID: 1277894