Wagga Wagga City Council Long Term Financial Plan 2018/2028 by Wagga Wagga City Council

2018/2028 Wagga Wagga City Council LONG TERM FINANCIAL PLAN

What is this document all about? What is the Long Term Financial Plan?

The Long Term Financial Plan is a 10 year plan that outlines Council’s financial capacity to meet those objectives of the Community Strategic Plan that fall under the auspices of Council. The Long Term Financial Plan is formulated by using a number of estimates and assumptions to project the future revenue and expenditure required of Council to deliver those services and projects expected by the community. In doing so it addresses the resources that impact on Council’s ability to fund its services and capital works whilst remaining financially sustainable. The Long Term Financial Plan is one element of the resourcing strategy that ensures the community’s ideas and aspirations for the future are realistically achievable. The other elements of the resourcing strategy include the Asset Management Plan and the Workforce Plan. The Asset Management Plan aims to predict infrastructure consumption and renewal needs, as well as consider infrastructure requirements to meet future community needs. The Workforce Plan is designed to ensure that Council has the necessary staff to deliver current services and operational needs for the community now and in the future.

These interrelated plans give consideration to the capacity of Council to deliver on its responsibilities within the Community Strategic Plan. Each element informs the Delivery Plan which outlines the strategies in place to meet these responsibilities. Council has reviewed the previous Long Term Financial Plan and significant changes have been made to both operational and capital items in the formulation of this 2018/28 Long Term Financial Plan. Council reviews any significant changes to the Long Term Financial Plan via the Monthly Finance Report to Council. The Monthly Finance Report assesses Council’s performance against budget each month. Any ongoing changes to budget that result from this process are included in the Long Term Financial Plan and reported to Council. A comprehensive review of the Long Term Financial Plan is conducted annually during the Operational Plan process.

Table of contents ABOUT THIS PLAN. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 EXECUTIVE SUMMARY. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 FIT FOR THE FUTURE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 SPECIAL RATE VARIATION. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 FINANCIAL STRATEGIES. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Financial Financial Financial Financial Financial Financial

Strategy Strategy Strategy Strategy Strategy Strategy

1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13

PLANNING ASSUMPTIONS. . . . . . . . . . . . . . . . . . . . . . . . . . . 14 FINANCIAL FORECAST ASSUMPTIONS. . . . . . . . 20 SENSITIVITY ANALYSIS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 FINANCIAL SCENARIOS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 Base Case Scenario. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 Asset Management Scenarios.. . . . . . . . . . . . . . . . . . . . . . . . . . 29

APPENDICES. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32

Appendix 1 Budgeted Income Statement. . . . . . . . . . . . . . . . . . . . . . . . . . . . 34 Appendix 2 Balance Sheet Forecast. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 Appendix 3 Cashflow Statement Forecast.. . . . . . . . . . . . . . . . . . . . . . . . . . . 37 Appendix 4 Financial Sustainability Indicators. . . . . . . . . . . . . . . . . . . . . . . 39 Appendix 5 Budgeted External Restrictions. . . . . . . . . . . . . . . . . . . . . . . . . . 40 Appendix 6 Budgeted Internal Restrictions. . . . . . . . . . . . . . . . . . . . . . . . . . . 41 Appendix 7 External Loan Projects and Debt Servicing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44 Appendix 8 a) One-Off Capital Projects. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 b) Recurrent Capital Projects.. . . . . . . . . . . . . . . . . . . . . . . . . . . . 62 c) Capital Program Potential Projects List. . . . . . . . . . . . . 66 Appendix 9 Wagga Wagga Regional Airport Ten Year Financial Plan. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 71 Appendix 10 Livestock Marketing Centre Ten Year Financial Plan. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 72

Appendix 11 Sewerage Services Ten Year Financial Plan. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 73 Appendix 12 Solid Waste Services Ten Year Financial Plan. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75 Appendix 13 Stormwater Levy Ten Year Financial Plan. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 76 Appendix 14 Budgeted Income Statement by Function. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 77

WAGGA WAGGA CITY COUNCIL LONG TERM FINANCIAL PLAN

Our executive summary

The Long Term Financial Plan (LTFP) is an essential element of the resourcing strategy which details how the strategic aspirations of Wagga Wagga City Council (Council) as outlined in the Community Strategic Plan can be achieved in terms of time, money, assets and people. The Resourcing Strategy focuses on long term strategies in three key areas: • Financial Planning - addresses the financial resources that impact on Council’s ability to fund its services and capital works whilst remaining financially sustainable. • Workforce Planning - ensures that Council has the staffing capacity with the required skills and experience to deliver current services and operational needs for the community now and in the future. • Asset Management Planning - aims to predict infrastructure consumption and renewal needs, as well as consider infrastructure requirements to meet future community needs. These interrelated plans give consideration to the capacity to deliver its responsibilities within the Community Strategic Plan that fall under the auspices of Council. Each element informs the Delivery Plan which outlines the strategies in place to meet these responsibilities.

Wagga Wagga City Council’s Long Term Financial Plan is a 10 year financial planning document with an emphasis on long-term financial sustainability. Financial sustainability is one of the key issues facing local government, due to several contributing factors, including growing demands for community services and facilities, constrained revenue growth and ageing infrastructure. The Long Term Financial Plan is formulated, using a number of estimates and assumptions, to project the future revenue and expenditure required of Council to deliver those services and projects expected by the community. In doing so, it addresses the resources that impact Council’s ability to fund its services and capital works whilst remaining financially sustainable. Council has reviewed the previous Long Term Financial Plan and adjustments have been made as part of this process. The draft budget for 2018/19 is balanced with the financial years 2019/20 to 2024/25 showing projected deficits and 2025/26 to 2027/28 showing projected surplus positions. These projected positions highlight the significant issues that Council has been facing due to the unfavourable adjustments to revenue sources (Financial Assistance Grants and Rate Pegging restrictions) in previous financial years.

Long Term Financial Plan Objectives

The objectives of Wagga Wagga City Council’s Long Term Financial Plan are: • to provide a forecast financial position over 10 years to ensure that Council remains financially sustainable • to support the implementation of Wagga View: Community Strategic Plan 2040 • to identify and highlight future challenges, issues and financial trends to ensure that they are proactively addressed • to ensure compliance with legislative requirements of integrated planning and reporting contained in the Local Government Act 1993 and the guidelines produced by the NSW Office of Local Government • continuing the trend towards meeting all seven of the ‘Fit for the Future’ ratios

The Long Term Financial Plan is also reviewed during the year and changes adopted via the Monthly Financial Performance Report that is presented to Council. This report assesses Council’s performance against budget each month. If there are any changes to the budget that result from this process they are reported to Council and adjusted in the Long Term Financial Plan.

WAGGA WAGGA CITY COUNCIL LONG TERM FINANCIAL PLAN

Fit for the future

Fit for the Future

The Minister for Local Government, in response to the findings of a comprehensive three-year independent review of local government, announced the ‘Fit for the Future’ Local Government reform package in September 2014. As part of this package all councils were requested by 30 June 2015 to assess their current financial situation, consider whether or not they have the appropriate scale and capacity to meet the future needs of their communities and to develop a plan to ensure they are financially sustainable in the future. A Fit for the Future Council is one that is: • Sustainable • Efficient • Effectively manages infrastructure and delivers services for communities • Has the scale and capacity to engage effectively across community, industry and government In October 2015, IPART deemed the Wagga Wagga City Council ‘Fit for the Future’ as a stand-alone organisation based on the actions and strategies identified in Council’s improvement proposal. The improvement proposal outlines how Wagga Wagga City Council is committed to a number of key improvement strategies to meet five of the benchmarks and trend towards the remaining two benchmarks by 2019/20. Council’s Fit for the Future improvement proposal can be accessed on our website.

The key improvement strategies to be implemented to improve Council’s financial position and sustainability as part of the 2018/28 budget process include targeted efficiencies of $800K annually and increased revenue targets of $300K from 2016/17. Wagga Wagga City Council will direct these funds towards the renewal of infrastructure and maintenance of assets which will assist in reducing the infrastructure funding shortfall. A key consideration in Council’s decision making, as part of this improvement plan is the ongoing commitment to improving our financial position and sustainability. This includes maintaining and improving the unrestricted cash and investments result whilst achieving a balanced or preferably a surplus budget each financial year.

WAGGA WAGGA CITY COUNCIL LONG TERM FINANCIAL PLAN

Special rate variation

Levee Upgrade Project – Existing Special Rate Variation - 2016/17 to 2020/21

Wagga Wagga City Council has been planning an upgrade to the levee system since 2007 for the Main City and North Wagga Levees. Following extensive community consultation, Council resolved to upgrade the Main City Levee to a 1 in 100 year level of protection. The full impact of upgrading the North Wagga Levee is still to be considered as part of the Floodplain Risk Management Study. The upgrade of the Main City Levee will ensure the protection of both residences and businesses in Central Wagga in the event of a 1 in 100 year flood. This will reduce the likelihood that the area will need to be evacuated during a flood event, which can also have an immediate social and economic impact. In some flood events the upgrade will mean that flood levels in parts of the floodplain upstream and outside of the Main City Levee will increase slightly. The upgrade of the Main City Levee Bank project commenced in October 2017. The total estimated cost of upgrading the Main City Levee to a 1 in 100 year level of protection and upgrading the North Wagga Levee to a 1 in 20 year level of protection is $23.3M* as shown in Table 1. The funding ratio for the project is 2:1, with two-thirds ($15.5M) funded by Federal and State Grants and one third ($7.78M) funded by Council via a temporary Special Rate Variation (SRV) over a five year period. This SRV commenced on 1 July 2016. Due to the extensive drought farmers have experienced over the past decade, Council resolved to charge the Farmland rate category a lower percentage than all other rate categories as shown in Table 2.

As the SRV is a temporary variation, at the end of the five year period, rates payable in 2021/22 will revert back to the equivalent level to that if an SRV had not occurred.

Infrastructure Maintenance and Renewal Shortfall – Potential Special Rate Variation – 2021/22 ongoing As part of the 2018/28 Long Term Financial Review process, and ongoing discussions with Council’s Asset Management division, it has been identified that Wagga Wagga City Council requires funds of $80,020,292 over the next 10 years of the Long Term Financial Plan to address it’s Infrastructure Maintenance and Renewal Shortfall. The Infrastructure shortfall of $80M is allocated across the 10 years of the Long Term Financial Plan as shown in Table 3. In order to eliminate this shortfall, funding options are to be investigated which include the option of a potential Special Rate Variation (SRV) commencing in 2021/22 following on from the conclusion of the 2016/17 – 2020/21 SRV for the Levee Upgrade Project. By partly funding the infrastructure shortfall from 2021/22 to 2027/28 of $59M this would also move towards meeting the Fit for the Future benchmarks in future years of the Long Term Financial Plan.

Location

Level of Protection Estimated cost

Main City Levee System

1 in 100 year

$14,598,443

North Wagga Levee System

1 in 20 year

$8,654,863

Total Estimated Cost

$23,253,306 Table 1: Levee system estimated cost Estimated project costs are based on estimates provided by NSW Public Works.

SRV – Levee Upgrade component

Rates Category Farmland

1.9%

All other rates categories

4.1% Table 2: SRV farmland rate comparison.

2018/19

2019/20

2020/21

2021/22

2022/23

$6,697,731

$6,957,919

$7,228,468

$7,509,794

$7,802,324

2023/24

2024/25

2025/26

2026/27

2027/28

$8,106,506

$8,422,806

$8,751,705

$9,093,706

$9,449,333

Table 3: Infrastructure maintenance and renewal shortfall

There will be further community engagement and development of the Asset Management Plans undertaken over the next 2 years before starting the consultation process for this potential 2021/22 Special Rate Variation (SRV). A scenario has been included in the LTFP Financial Scenarios section.

WAGGA WAGGA CITY COUNCIL LONG TERM FINANCIAL PLAN

Our financial strategies

Wagga Wagga City Council is committed to operating in a financially sustainable framework, to ensure that its community and other stakeholders can rely upon the ongoing provision of a full and diverse range of high quality community services, facilities and infrastructure. Council plans to maintain its financial position and performance, to ensure resilience and a capacity to adapt and respond to arising community needs in a measured and equitable manner. The six key principles employed in Councilâ&#x20AC;&#x2122;s financial planning process are:

Financial Strategy 1 Financial sustainability

Financial sustainability is the ability for Council to provide the facilities, services and infrastructure that the community needs and expects over the medium to longer term. This includes being able to manage likely developments and unexpected financial shocks in the future. Over the past few years, Council has faced significant challenges in maintaining a stable position in previous Long Term Financial Plans. During the development of the 2014/24 Long Term Financial Plan, the Wagga Wagga City Council implemented critical decision making processes adjusting its operations to ensure a more financially sustainable path. The announcement in May 2014 of the freeze on the indexation of the Financial Assistance Grant, along with continual lower than anticipated allowable rate peg increases has added additional pressure for Council to remain financially sustainable into the future. Council has again made significant budget savings for this 2018/28 Long Term Financial Plan, which demonstrates its commitment to remaining financially sustainable.

Balanced Budgets

With each annual budget process Council aims at a minimum, to achieve a balanced budget which allows the organisation to maintain a positive unrestricted cash and investments balance. This position gives flexibility to maintain liquidity and fund any unforeseen expenditures or discretionary funding deficits. The Base Case budget detailed in this Long Term Financial Plan indicates Council will maintain a balanced budget for 2018/19 only. Arriving at this balanced position was a complex and challenging task with each area of the organisation having to contribute significant budget reductions and operational efficiencies to achieve this goal. These savings will have a substantial impact on the delivery of projects and services, which will require Council to be highly innovative and efficient in delivering the Operational Plan and Delivery Plan items. As the future year budgets in 2019/20 to 2024/25 are showing projected deficits and 2025/26 to 2027/28 are showing projected surplus positions, these figures as shown in Table 4 will again be reviewed as part of the 2019/29 Long Term Financial Plan to ensure that a balance budget for at least the 2019/20 financial year is achieved.

Maintain Unrestricted Cash and Investments

Unrestricted cash and investments represent a measure of liquidity/net financial position. Councilâ&#x20AC;&#x2122;s unrestricted cash and investments allows for day to day liquidity and ensures the organisation is able to manage any budget shocks during the year which may include unforseen expenditure overruns and income shortfalls.

2018/19 $0

2023/24 $355,147

2019/20 $995,043

2024/25 $467,639

2020/21 $398,373

2025/26 ($90,555)

2021/22 $307,404

2026/27

2022/23 $703,257

2027/28

($402,280) ($1,567,768)

Table 4: Councilâ&#x20AC;&#x2122;s 10-year budgeted surplus/(deficits).

2018/19

2019/20

2020/21

2021/22

$3,338,000

$2,342,957

$1,944,584

$1,637,180

2023/24

2024/25

2025/26

2026/27

$578,776

$111,137

$201,692

$603,972

2022/23 $933,923

2027/28 $2,171,740

Table 5: Forecasted available unrestricted cash and investments.

appropriate level of liquidity on an ongoing basis and is able to control/determine the value of its annual budget surplus or deficit. The forecasted available unrestricted cash and investments as shown in Table 5 is impacted significantly in years 2019/20 to 2024/25 due to the projected deficit positions shown in Table 4. These deficits will be addressed as part of the annual budget review process for the 2019/29 Long Term Financial Plan.

Wagga Wagga City Council, as a prudent financial manager, has set a minimum level of $3.5M which should be maintained. This ensures it retains an

WAGGA WAGGA CITY COUNCIL LONG TERM FINANCIAL PLAN

Financial Strategy 2

Financial Strategy 4

Wagga Wagga City Council will continue to carefully manage its cash reserves and investments, to ensure that appropriate financial reserves are available to meet Council’s liabilities and commitments, and manage cash flow demands to ensure responsible financial management control. While externally restricted reserves will be maintained in accordance with legislative requirements, a number of internally restricted reserves are used to ensure that funds are available to directly support the Community Strategic Plan initiatives and projects.

Wagga Wagga City Council is committed to the ongoing review of its service delivery as part of the continuous improvement process. Specifically, Council is seeking to identify if the services it delivers are relevant and necessary to the community as well as appropriate in the current environment. The continual improvement process includes determining if the services meet the needs and expectations of the community as set out in the Community Strategic Plan.

Prudent financial investment

Council will closely monitor its investment performance and publish a number of key financial indicators within its monthly and quarterly budget reviews to demonstrate its financial health and sustainability.

Financial Strategy 3

Effective utilisation of funding sources to fund capital works

The Long Term Capital Works Program identifies the various funding sources proposed for each capital project. Council will utilise grant funding where available, internal reserves where applicable, and borrowings where it is deemed necessary. Wagga Wagga City Council as a result of being ‘deemed fit’ will have access, if approved, to lower cost borrowings offered through NSW T-Corp to fund capital works which will reduce future debt-servicing costs.

Maintain tight control over expenditure and staff numbers, while still maintaining best value services, facilities and infrastructure

The continuous improvement process aims to achieve the following objectives: • Assist in informing Councillors, the community and Council’s staff on what, how and why it delivers the current list of services. It endeavours to answer questions surrounding the need to provide the service, service delivery alternatives such as contracting resources, outsourcing some activities, joint delivery with other councils, what can be provided at what cost and can any efficiencies be found. • Finding savings that are real, sustainable, and are able to be entrenched into future budgets. This strategic approach to budget management is to identify lasting solutions for the provision of services in contrast to common short term budget management strategies which include delaying the implementation of projects onto a potential projects list or unfunded activities, or by making budget cuts that may not align with the Community Strategic Plan.

• Continue moving the organisational culture to one of a “can do attitude and approach”. By creating an expectation of better service delivery, Council is empowering its staff with the tools and processes to make better decisions. • Embedding the realisation of continuous improvement. In providing an environment where continuous improvement to service delivery is expected, staff are encouraged and supported to identify opportunities to make the services that Wagga Wagga City Council provides the best value for its community. • Identifying a clear set of recommendations on proposed changes following each service reviewed. These recommendations will include as a minimum consideration of options for costs and efficient service delivery which may include process, resourcing and delivery changes. A number of other initiatives have been implemented to assist in identifying budget efficiencies, which include: • Controlled expenses • Review of fees and charges that are deemed cost recovery to ensure a closer alignment with actual costs • Energy savings and carbon reduction initiatives • E-Business and online service initiatives • Improved information management systems and technology • Review of capital project processes, procedures and outcomes • Utilisation of allowable reserves for internal loans in preference to external borrowings where possible • Utilisation of lower cost borrowings where possible

Financial Strategy 5

Maintain/move towards above benchmark results against key performance indicators

As indicated in Council’s Fit for the Future criteria results which was based on a three year average, Council did not meet three out of the seven benchmarks. The key improvement strategies to be implemented to improve our financial position and sustainability as part of the 2018/28 budget process have included targeted efficiency (service) reviews of $800K annually and increased revenue targets of $300K which was introduced from 2016/17. Council will direct these funds towards the renewal of infrastructure and maintenance of assets which will assist in reducing the infrastructure backlog ratio.

Financial Strategy 6

Narrow the Infrastructure Funding Gap

Wagga Wagga City Council’s Asset Management Plans identify a shortfall in current expenditure on the maintenance and renewal of infrastructure assets. This represents a risk to the organisation that a significant number of assets may fail due to inadequate maintenance. If this issue is not addressed it will have an adverse impact on Council’s financial position in the medium and longer term. Council is attempting to address this issue by: • Increasing recurrent levels of maintenance and renewal budgets by identifying budget savings and efficiency gains from all parts of the organisation • Maintaining a reserve for infrastructure replacement and allocating additional funds towards this reserve as a priority when budget improvements are realised, and allocating the proceeds from the sale of non-core assets • Increasing the use of low cost borrowings to fund infrastructure renewals through T-Corp as a result of being deemed ‘fit’ as part of Council’s Fit for the Future proposal • Reassessing asset condition and what constitutes “satisfactory” condition

WAGGA WAGGA CITY COUNCIL LONG TERM FINANCIAL PLAN

Our planning assumptions

Population and demographics

Data from the Australian Bureau of Statistics 2016 Census shows that the population of Wagga Wagga (ERP statistical measure) grew by 0.89% between 2015 and 2016 to stand at 64,085. The age structure of the local population shows strong growth in the population aged over 55, those between 25 and 34 and those aged from 5-9. In contrast, the population aged 15 to 24 recorded a loss between 2011 and 2016. Looking ahead, population growth is expected to remain strong over the next 20 years in line with stronger population growth in Australia, as population shifts continue between more congested major cities and larger regional cities. Forecasts show Wagga Wagga’s population growing to 66,635 in 2018 and to 80,984 in 2036 in a baseline scenario. Population growth is expected to accelerate to an average 1.64% per annum to 2021, before easing to average 1.2% gains between 2021 and 2026. Figure 1 shows the forecast changes in the age structure profile expected in Wagga Wagga between 2016 and 2026, which has driven the design of the 10-year capital works program aimed at committing resources to facilities and infrastructure.

Economic conditions and growth

• Economic conditions and growth have a significant

2016-2026 2026-2036

+1000

Number of persons

As the population of Wagga Wagga grows, so does the demand for services provided by Council. It is therefore essential to map in the Long Term Financial Plan this increasing service demand, with planning for investment in existing and new types of infrastructure.

+1200

+800

+600

+400

+200

0-4

5-9

10-14

15-19

20-24

25-29

30-34

35-39

40-44

45-49

50-54

55-59

60-64

65-69

70-74

75-79

80-84

85+

Age group (years) Figure 1: Forecast change in age structure, Wagga Wagga - 5 year age groups.

external impact to Wagga’s financial position and the Long Term Financial Plan. Some key factors include the following: • The state of financial markets (including official interest rates) • Inflation rates • Labour force and unemployment rate • Population growth rate Interest rate fluctuations and inflation will have a direct impact on the returns earned on Council’s investment portfolio with a low rate scenario reducing investment income but also lowering debt service repayments. Inflation rate fluctuations impact both income and expenditure and what products can be purchased

for in real terms. When the general price level rises, each unit of currency buys fewer goods and services. Consequently, inflation reflects a reduction in the purchasing power of money. Wagga Wagga has a strong and diverse economy without a reliance on a single sector, allowing the city to maintain growth and prosperity. The local economy (as measured by the Gross Regional Product statistic) grew by 1.5% to stand at $3.7 billion in the most recent data released by the ABS for 2016. The local labour force is also expanding, to stand at 34,501 in the third quarter of 2017, with an unemployment rate of 4.8%. This rate is in line with the NSW average unemployment rate, and below the 5.5% rate measured nationally for this quarter.

WAGGA WAGGA CITY COUNCIL LONG TERM FINANCIAL PLAN

Major projects

Included in Council’s 2018/28 Long Term Financial Plan Capital Works Program are four significant projects shown in Table 6. The potential uncertainties around some of Council’s planned major projects have the ability to have a significant impact on the Long Term Financial Plan, both in regards to timing and costing.

Multi-Purpose Stadium

The scope of the project is to deliver a Multi Purpose Stadium (both sport and conference facilities), with the site located at The Exhibition Centre, consisting of a large sports building next to the existing Netball Clubhouse. The facility will provide three full sized indoor multi-purpose courts, change room amenities, office spaces, an elevated seating gallery, a function area and catering facilities. The project commenced construction during 2018.

Levee bank upgrades - upgrades of Main City Levee and North Wagga Levees Wagga Wagga City Council recently completed detailed designs for the Main City and North Wagga Levee Upgrade Project and following extensive community consultation has resolved to proceed with the upgrade of the Main City Levee to a 1 in 100 year level of protection.

The full impact of upgrading the North Wagga Levee to a 1 in 20 year level of protection is still to be considered in a review of the Floodplain Risk Management Study. The estimated cost of upgrading the Main City Levee to a 1 in 100 year level of protection and upgrading the North Wagga Levee to a 1 in 20 year level of protection is $23.3M. The total capital cost indexed over the five year period is demonstrated in Table 7. 16

With the commitment of Federal and State funding for the project, Council is funding its one-third share of the cost from a Special Rate Variation (SRV) which commenced in 2016/17 and is maintained for five years. The modelling assumes a construction period of five years but this is conditional of the timing and conditions of funding from NSW Office of Environment and Heritage.

Eunony Bridge Road Bridge Upgrade

This project is for the upgrade of the existing Eunony Bridge with a structure capable of catering for Heavy Mass Limit (HML) vehicles. This project is key to the implementation of the Bomen Strategic Master Plan as the replacement of the bridge will facilitate increased productivity into the Bomen Business Park by allowing operators to use larger vehicles. The budget for this project is estimated at $10.6M with construction to commence in 2018/19. Wagga Wagga City Council has been successful in securing grant funding for the project of $9.8M, with Council contributing $0.8M towards the project.

Active Transport Plan

Roads and Maritime Services announced the availability of $11.7M in grant funding for Wagga Wagga City Council to be the lead agency in the development of the Wagga Wagga Cycling towns Project as part of the NSW Cycling Infrastructure Fund. These funds are to be utilised for the delivery of a cycleway network spanning five corridors connecting the suburbs of Wagga Wagga to the CBD. This equates to approximately 45km of cycleways including end of trip facilities at the Visitors Information Centre, Oasis and Hospital. The project also involves a new bridge across the Murrumbidgee on the North Link.

Project Multi Purpose Stadium – Equex

Estimated year(s) of construction

2017/18 + 2018/19

Estimated cost $10.2M

Levee Bank System Upgrades

2017/18 – 2019/20

$23.3M

Eunony Bridge Road Bridge Replacement

2018/19

$10.6M

Active Transport Plan

2018/19 + 2019/20

$11.7M

Table 6: Major capital works projects

Project Upgrade of Main City Levee System Upgrade of North Wagga Levee System Total

Indexed Grant Estimated funding Cost (proposed)

Council’s one-third share

$14.6M

$9.7M

$4.9M

$8.7M

$5.8M

$2.9M

$23.3M

$15.5M

$7.8M

Table 7: Levee bank project budget.

The $11.7M total project budget includes $400,000 in 2017/18 for the development and detailed design of the Active Travel Plan with construction to occur in 2018/19 and 2019/20 with a budget of $11.3M.

Riverina Intermodal Freight & Logistics Hub

The Riverina Intermodal Freight and Logistics (RIFL) hub project involves the construction of new major rail and road infrastructure and a freight terminal on land north of Wagga Wagga at the Bomen Business Park. The project will be a key economic driver of growth in the Riverina. Stage 1 construction (Bomen Enabling Roads) was

completed in 2017/18. Council is currently negotiating with private parties regarding the delivery of Stage 2 which is the construction of rail tracks and an intermodal terminal. Should negotiations be successful, it is proposed that the project will be predominantly funded by grant funding and private investment. Further consideration of the project and funding sources will occur during 2018/19.

2018/19

2019/20 0

2020/21 0

2021/22 0

2,190

2022/23 70,836

2023/24 69,255

2024/25 67,465

2025/26 65,448

2026/27

2027/28

63,104

61,562

Table 8: Wagga Wagga Regional Family Day Care 10-year deficits.

Family Day Care

Wagga Wagga City Council was advised by the Australian Government (Department of Education and Training) that its annual Community Support Program will cease after 2017/18. This program provided $200,000 a year in grant funding for the Wagga Wagga Regional Family Day Care service. To ensure the sustainability and viability of this service into the future, structural changes have been implemented to reduce ongoing operational costs whilst still ensuring it continues to meet the needs of the community and facilitates a high level of care and education. Under this new funding model, the Family Day Care service will continue to be sustainable until 2020/21. Ongoing reviews will occur over the next 4 years to determine whether further efficiencies can be made, increased revenue raised or new funding obtained for this service to continue into the future. There is also the option that Wagga Wagga City Council may resolve to subsidise this service. If this was to occur the current Family Day Care Reserve deficits included in the Long Term Financial Plan from 2021/22 would impact on Councilâ&#x20AC;&#x2122;s bottom line. These figures are demonstrated in Table 8.

WAGGA WAGGA CITY COUNCIL LONG TERM FINANCIAL PLAN

Contributions, Grants and Donations provided by the Wagga Wagga City Council to the community

Wagga Wagga City Council contributes to the community utilising a variety of methods, via contributions, donations, fee waivers and grant program funding, totalling over $2.1M annually. The proposed 2018/19 contributions, grants, donations and fee waivers are shown in Table 9. Community Donations - Section 356 ADFAS Riverina

1,836

Motor Neurone Disease Reasearch Wagga Wagga

103

Murrumbidgee Rotary Club Teddy Bears Picnic

118

North Wagga Residents Association

522

Over 60â&#x20AC;&#x2122;s Touch Football Group

567

Regional Heritage Transport Association

1,200

Riverina Conservatorium of Music events

1,500

Riverina Down Syndrome hire of Music Bowl

175

Rotary Club of Wagga Wagga Shine Awards

247

Rotary Club Street Banners

118

Salvation Army Red Shield Appeal

113

Ashmont Public School Learn to swim for disadvantaged youth

752

Breast Cancer Group Inc. (Wagga Wagga) - Mothers Day Walk

Suicide Prevention Network meeting room hire

1,185

Cancer Council â&#x20AC;&#x201C; Biggest Morning Tea

Task Force 72 - Scale Model Ship Association

742

Cancer Council hire of Paramore Park

587

Tolland Public School swimming lessons for the disadvantage youth

970

Cantelina Singers

500

Uranquinty Neighbourhood Centre Management Committee

536

Collingullie Soliders Memorial Hall

522

Wagga and Riverina Orienteers - annual school championships

155

Combined riders of Wagga Bolton Park Stadium Toy Run

118

Country Hope - Walk for Hope

CSU Photography Grad Show

618

Estella Progress Group Friends of the Botanic Gardens

85 1,030

Henwood Park Football Club

522

Kurrajong Waratah hire of Links Art Gallery

288

Kurrajong Waratah hire of Music Bowl and Civic Theatre - Christmas Spectacular

2,774

Ladysmith Memorial Hall Committee

522

Legacy

135

Legacy Civic Theatre Hire Leukamia Foundation Mangoplah Cookardina Eastlakes United Football and Netball Club Melanoma Institute - March Walk Mini all-ympics disability Sports Event

2,500 95 567 88 397

Specialist Medical Resource Foundation

Wagga Autism Support Group annual walk Wagga Wagga & District Family History Society Wagga Wagga Rescue Squad Wagga Wagga Show Society Wagga Women's Bowling Club

639

88 852 110 11,755 3,800

Total - Community Donations - Section 356

39,689

Eastern Riverina Arts Program Contribution

21,004

Cultural Donations - Section 356 Eisteddfod Donation

3,090

Riverina Conservatorium of Music events

6,727

School of Arts Contribution

2,500

Summer School for Strings

2,500

Total - Cultural Donations - Section 356

35,821

Scholarships - Section 356

Other - Section 356

Southern Sports Academy

4,000

Riverina Conservatorium Scholarship

2,000

Community Leases Rental Subsidy

1,518,741

Total - Cultural Donations - Section 356

6,000

Committee 4 Wagga - Contribution

7,500

Kerbside Waste Services

4,400

Annual Grants Program - Various - Section 356

Rural Villages Leaps and Bounds Early Childhood program

20,450

Arts & Culture

25,000

Library Food for Fines

5,000

Community Programs & Projects

30,000

Mayoral Discretionary Fund

1,030

Events

20,000

Miss Wagga - Sponsorship

2000

Local Heritage

16,000

Medical Flights - Landing Fees

Neighbourhood & Rural Villages

22,000

Rotary Circus Quirkus - Contribution

Recreational Facilities

30,000

New Major Events Sponsorship

Natural Environment

7,000

500 2,200 100,000

Oura Septic Upgrade Financial Assistance Program

42,090

Rural Halls

25,000

Parkes Shire Council Event

Youth Led Performance Initiatives

15,000

Rural Counselling Service

10,000

San Isidore Septic Upgrade Financial Assistance Program

84,870

Small Business Grant Program

12,500

Waste Subsidy for Charitable Organisations & Community Groups

10,300

Total - Annual Grants - Various - Section 356

Road Closures - Various - Section 356 ANZAC Day Parade

190,000 12,000

Lake Run & Ride

5,500

Liberty from Violence Parade

2,500

Remembrance Day

2,000

Riverina Truck Show

2,500

Town & Gown

2,500

Wagga Gold Cup Total - Road Closures - Various - Section 356

1,000

Total - Other - Section 356

1,822,581

Total Section 356 Contributions and Donations

2,123,091

2,000 29,000

WAGGA WAGGA CITY COUNCIL LONG TERM FINANCIAL PLAN

Financial forecast assumptions

Operating Revenue

Figure 2 represents Wagga Wagga City Council’s budgeted operating revenue by category for the 2018/19 financial year.

3% 3%

12%

Rates & annual charges $64.5M User charges & fees $26M

Rates & Annual Charges (including Special Rate Variation) Rates

The Independent Pricing and Regulatory Tribunal (IPART) determines the rate peg based on the Local Government Cost Index, a productivity factor, as well as any other pertinent legislative and industry factors. This is to ensure that a balance is made between Council meeting the increasing costs of delivering services and that productivity gains are shared with ratepayers. The base case scenario includes an ordinary rate increase for 2018/19 of 2.3% as announced by IPART in December 2017 as well as a 1% growth in rateable residential properties. This was an increase on the 2016/17 rate peg of 1.8%. The budgeted increase in rates for 2019/20 onwards is 2% with an additional 1% growth factor in rateable residential properties for the Long Term Financial Plan. The risk that Council may incur in relation to the amount of rates revenue forecast in the Long Term Financial Plan is that the rate peg announced annually by IPART may be below the budgeted annual percentages that have been forecasted.

Annual charges – domestic & commercial waste

Annual charges for waste are modelled at recovering a reasonable estimated cost of providing the service which includes a component for future site rehabilitation. The rate used in the base case scenario which is included in the 2018/28 Long Term Financial Plan is: • 2018/19 to 2020/21 – 5% annual increase • 2021/22 to 2027/28 – 3% annual increase

Sewer charges

Sewer charges are also modelled at achieving full cost recovery including a component for future site rehabilitation and depreciation consistent with Council’s Return on Investment Policy for council businesses. The rate used in the base case scenario which is included in the 2018/28 Long Term Financial Plan is: • 2018/19 to 2020/21 - 5% increase plus a 1% residential growth factor. • 2021/22 to 2027/28 - 3% increase plus a 1% residential growth factor.

Grants & contributions provided for operating purposes $13.9M

24%

57%

Interest & Investment Revenue $3.2M Other Revenues $3M Special Rate Variation $1.6M

Figure 2: Total Operating Revenue Budget $112.6M

Stormwater management service charge

The maximum amount for annual stormwater services is prescribed by legislation. These charges are as follows: • Residential - $25.00 per property • Residential Strata - $12.50 per occupancy • Business - $25.00 per 350 m2 • Business Strata - $5.00 per strata title This is the basis for which the base case and all scenarios of the Long Term Financial Plan are forecasted.

User Fees & Charges

The base case scenario of the Long Term Financial Plan includes a projected increase in user fees and charges generally between 3%-5%. A number of fees are prescribed by legislation and some fees are set at a level to recover the actual cost of providing the service. The key improvement strategies to be implemented to improve our financial position and sustainability as part of Council’s Fit for the Future improvement proposal has included annual increased revenue targets of $300K.

WAGGA WAGGA CITY COUNCIL LONG TERM FINANCIAL PLAN

Interest & Investment Revenue

Given the relatively low cash rate it is difficult for Council to ascertain with any certainty what actual returns are likely to be over the 10 years of the plan. It is not likely that Council can continue to rely on additional investment income over the life of the Long Term Financial Plan given the current balance of the portfolio, and the reserves that are identified to be expended. The reduction in investment income and overall portfolio balance places further funding pressure on Council in the future.

9% Employee Benefits & On-Costs $44.2M

34%

28%

Wagga Wagga City Councils investment revenue is linked to the expected balance of the portfolio over the life of the Long Term Financial Plan. For the base case scenario, the projected interest rates are a 2.77% - 3.82% return on investment over the life of the plan.

Depreciation & Amortisation $35.4M Materials & Contracts $33M Other Expenses $12.1M Borrowing Costs $3.8M

3% 26%

Grants & contributions

Figure 3: Total Operating Expenditure $128.5M

Grants

It is assumed in the base case scenario that the current level of grant funding from the State and Federal Governments will continue. Grants are a significant source of funding for local government and as such any fluctuation in current levels is likely to have a substantial impact on the delivery of services and projects identified in the Long Term Financial Plan.

Developer Contributions

Developer contributions have been projected in line with each contribution plan over the life of the Long Term Financial Plan. These plans are subject to review annually with each year of the plan updated accordingly.

Other Revenues

Other revenue includes fines, income from sale of goods, diesel fuel rebates and income from insurance claims and rebates. Revenue from these sources is difficult to ascertain with any certainty as they are generally influenced by factors outside of Council’s control. As a result, for the purposes of the Long Term Financial Plan other revenue has been projected at a 3% increase on the 2017/18 financial year budget which corresponds to historical trends.

Operating expenditure

Figure 3 represents the Wagga Wagga City Council’s budgeted operating expenses by category for the 2018/19 financial year.

Employee Benefits and On Costs

Under the NSW Local Government Award, on average staff receive a 2.5% pay increase each year. Combining the award increase, performance based increase and the associated on costs, the budgeted employee costs increase is 4%.

Borrowing Costs

Borrowing costs have been conservatively forecast as follows: • 4% • 4.5% • 5% • 6% • 7%

- 2018/19 - 2018/19 - 2019/20 to 2020/21 - 2021/22 to 2023/24 - 2024/25 to 2027/28

10 15 10 10 10

year year year year year

term term term term term

There is also the potential to source lower cost borrowings through NSW T-Corp as part of Councilâ&#x20AC;&#x2122;s Fit for the Future proposal. All projects assumed term of loan is 10 years, other than the PCYC Contribution which is budgeted at 15 years.

Materials & Contracts

The cost of materials and contracts is to be maintained within existing annual budget allocations.

Depreciation

The forecasted depreciation expense is reflective of the new capital additions and purchases over the term of the Long Term Financial Plan. Depreciation levels are subject to ongoing review with each year of the plan.

160

Millions

If rates increase substantially above the 7% then Wagga Wagga City Council will have to adjust the borrowings program as well as capital programs so that an affordable level of debt is always maintained.

140 120 Grants & contributions provided for operating purposes

100

Other Revenues

Interest & Investment Revenue 60

User Charges & Fees Special Rate Variation (pending successful IPART determination)

40 20 0

Rates & Annual Charges Expenses from continuing pperations 2018/19

2019/20 2020/21

2021/22

2022/23

2023/24

2024/25

2025/26

2026/27

2027/28

Financial Year Figure 4: Operating Revenue and Expenditure

Other Expenses Utilities

An increase has been projected in the Long Term Financial Plan for electricity of 7% and gas and water costs of 5% per annum. Wagga Wagga City Council is actively pursuing efficient alternative sources of energy and other energy saving initiatives in order to reduce the effect of these costs where possible and these projected savings have been included in the Long Term Financial Plan.

Insurance

It has been assumed that all insurances will increment by 5% excluding liability insurance which factors in an increase of 7% for 2018/19. Future year increases for all insurances are 5% with 7% increases for liability insurance.

Other Operating Expenses

The cost of other operating expenses other than Utilities and Insurance costs are to be maintained within existing budgets. Figure 4 demonstrates the relationship between operating revenue and operating expenditure. Wagga Wagga City Councilâ&#x20AC;&#x2122;s operating expenditure including depreciation is greater than its operating income for the 10 years of the LTFP. This indicates that Council still has a long way to go to be able to fund depreciation and maintain financial sustainability. WAGGA WAGGA CITY COUNCIL LONG TERM FINANCIAL PLAN

Our sensitivity analysis

Millions

Although the assumptions listed in the previous section are Wagga Wagga City Council’s current informed estimate based on a range of reliable sources, Long Term Financial Plans are inherently uncertain. They contain a wide range of assumptions, including assumptions about interest rate movements and the potential effect of inflation on revenue and expenditure which are largely outside of Council’s control.

(4) (6) (8) (10) (12)

The following section illustrates the financial effect on the result if certain assumptions were to change.

(14) (16) (18)

Rates

If rates are held 0.5% p.a. below the predicted rate pegging percentage, the effect on the Long Term Financial Plan base case budget deficits before Capital Grants and Contributions is shown in Figure 5.

2018/19

2019/20

2021/22

2022/23

2023/24

2024/25

2025/26

2026/27

2027/28

Forecast Rates @ 0.5% pa under Rate Peg

Figure 5: Rates analysis 0 (2) (4) (6) (8)

Employee costs

(10)

Salary growth is largely subject to the NSW Local Government Award. Wagga Wagga City Council has factored in a 4% annual increase in employee expenses. If the Award increases by 0.5%, the effect on the Long Term Financial Plan base case budget deficits before Capital Grants and Contributions is shown in Figure 6.

(12) (14) (16) (18)

2018/19

2019/20

2020/21

2021/22

Employee Costs @ 4%

Combined impact

2022/23

2023/24

2024/25

2025/26

2026/27

2027/28

Employee Costs @ 4.5%

Figure 6: Employee costs analysis Millions

Figure 7 shows the combined impact of a 0.5% unfavourable variance in our assumptions for Rate Income and Employee Costs:

2020/21

Forecast Rates @ Rate Peg

Millions

Rates comprise 57% of Council’s total operating income. As stated earlier, rates are capped by the State Government and Council can only increase rates above the rate pegging percentage if a Special Rate Variation is submitted and approved.

0 (2)

0 (2) (4) (6) (8) (10) (12) (14) (16) (18)

2018/19

2019/20

2020/21

2021/22

Existing budget

2022/23

2023/24

2024/25

2025/26

2026/27

2027/28

Forecast rates and employee costs varying by 0.5%

Figure 7: Combined impact of rates and employee costs analysis WAGGA WAGGA CITY COUNCIL LONG TERM FINANCIAL PLAN

Financial scenarios

Scenarios â&#x20AC;&#x201C; Financial Modelling Base Case Scenario

The commentary and analysis provided in the document to this point describe the base case model of the Long Term Financial Plan. It is this model inclusive of the previously detailed assumptions that will be recommended to Council for adoption. BUDGET 2018/19

BUDGET 2019/20

BUDGET 2020/21

BUDGET 2021/22

BUDGET 2022/23

BUDGET 2023/24

BUDGET 2024/25

BUDGET 2025/26

BUDGET 2026/27

BUDGET 2027/28

(64,445,164)

(66,761,504)

(69,176,244)

(71,195,862)

(73,277,926)

(75,424,469)

(77,637,591)

(79,919,464)

(82,272,335)

(84,698,524)

Special Rate Variation

(1,553,807)

(1,594,203)

(1,635,686)

User Charges & Fees

(26,376,667)

(27,601,118)

(28,824,925)

(30,008,402)

(31,036,587)

(32,102,010)

(33,208,208)

(34,368,278)

(35,603,982)

(36,848,207)

Interest & Investment Revenue

(3,283,829)

(3,714,376)

(4,295,443)

(4,889,249)

(5,595,905)

(6,252,646)

(6,916,956)

(8,018,465)

(9,076,504)

(10,505,033)

Other Revenues

(3,084,604)

(3,135,393)

(3,191,367)

(3,257,771)

(3,333,777)

(3,412,115)

(3,492,877)

(3,574,143)

(3,668,716)

(3,759,626)

Grants & Contributions provided for Operating Purposes

(13,894,989)

(14,044,404)

(14,293,979)

(14,592,901)

(14,797,122)

(15,056,371)

(15,376,696)

(15,607,973)

(15,899,565)

(16,228,800)

Grants & Contributions provided for Capital Purposes

(36,517,290)

(17,367,984)

(11,631,905)

(8,060,822)

(8,336,674)

(8,129,856)

(8,099,004)

(8,153,261)

(8,209,016)

(8,266,313)

(149,156,350)

(134,218,981)

(133,049,549)

(132,005,006)

(136,377,992)

(140,377,466)

(144,731,333)

(149,641,584)

(154,730,118)

(160,306,503)

44,219,258

46,113,492

47,853,059

49,765,914

51,755,328

53,824,363

55,976,206

58,213,392

60,536,611

62,938,577

3,752,580

3,806,299

3,678,105

3,439,489

3,215,987

2,932,136

2,782,314

2,512,483

2,248,403

2,009,177

Materials & Contracts

32,951,581

32,341,052

32,844,206

33,110,633

33,298,973

33,807,770

34,104,511

33,540,065

33,765,789

34,050,629

Depreciation & Amortisation

35,418,997

36,025,921

37,381,243

37,702,405

37,877,879

37,972,195

37,319,096

38,545,941

38,583,972

38,598,632

Other Expenses

12,125,204

10,465,144

11,256,466

11,501,286

12,050,853

12,632,281

13,547,557

13,846,812

14,483,663

15,159,529

Expenses From Continuing Operations

128,467,620

128,751,908

133,013,079

135,519,726

138,199,019

141,168,745

143,729,682

146,658,692

149,618,439

152,756,544

Net Operating (Profit)/Loss

(20,688,730)

(5,467,073)

(36,470)

3,514,721

1,821,028

791,279

(1,001,650)

(2,982,892)

(5,111,680)

(7,549,959)

Net Operating Result before Grants and Contributions provided for Capital Purposes

15,828,561

11,900,911

11,595,435

11,575,543

10,157,702

8,921,135

7,097,354

5,170,369

3,097,336

716,354

Revenue From Continuing Operations Rates & Annual Charges

Revenue From Continuing Operations

Expenses From Continuing Operations Employee Benefits & On-Costs Borrowing Costs

WAGGA WAGGA CITY COUNCIL LONG TERM FINANCIAL PLAN

Base Case Scenario continued BUDGET 2018/19

BUDGET 2019/20

BUDGET 2020/21

BUDGET 2021/22

BUDGET 2022/23

BUDGET 2023/24

BUDGET 2024/25

BUDGET 2025/26

BUDGET 2026/27

BUDGET 2027/28

Capital and Reserve Movements Capital Expenditure - Renewals

33,260,752

20,508,987

23,235,930

17,581,184

15,571,406

18,265,133

19,075,920

18,568,657

19,028,862

18,140,405

Capital Expenditure - New Projects

30,094,732

8,807,289

3,570,584

4,772,403

3,659,763

4,020,755

88,371

589,766

91,217

92,725

Capital Expenditure - Potential Projects

26,286,088

14,778,573

10,083,813

3,262,269

1,504,350

5,708,965

8,897,768

2,577,062

1,908,475

1,729,945

3,129,777

3,666,593

4,056,703

4,321,334

4,713,671

4,550,139

4,419,942

4,218,443

4,535,944

3,149,330

(6,108,672)

(2,203,157)

(385,000)

(750,000)

(2,227,693)

(952,795)

(822,182)

(835,808)

(1,383,000)

(739,100)

(977,700)

(1,651,850)

(1,148,900)

(1,250,650)

(631,200)

(29,602,157)

(2,248,066)

(1,910,137)

6,690,899

12,050,018

8,196,465

7,958,234

16,633,250

18,979,525

22,099,618

Total Capital and Reserve Movements

56,107,727

42,488,037

37,816,086

34,495,089

36,760,108

37,536,063

38,788,385

41,438,278

43,293,372

44,580,824

Net Result after Depreciation

35,418,997

37,020,964

37,779,616

38,009,809

38,581,136

38,327,342

37,786,735

38,455,386

38,181,692

37,030,864

Add back Depreciation Expense (non-cash)

35,418,997

36,025,921

37,381,243

37,702,405

37,877,879

37,972,195

37,319,096

38,545,941

38,583,972

38,598,632

995,043

398,372

307,404

703,257

355,147

467,639

(90,555)

(402,280)

(1,567,767)

Loan Repayments New Loan Borrowings Proceeds from Sale of intangible & tangible Assets Net Movements to/(from) Reserves

Cash Budget (Surplus)/Deficit

Financial Scenarios – Infrastructure Renewal and Maintenance Shortfalls

In order to eliminate the Wagga Wagga City Council’s renewal and maintenance shortfall, funds of $80,020,292 are required over the 10 years of the Long Term Financial Plan. The Infrastructure renewal and maintenance shortfall of $80M is allocated across the 10 years of the Long Term Financial Plan as follows: 2018/19

2019/20

2020/21

2021/22

2022/23

2023/24

2024/25

2025/26

$6,697,731

$6,957,919

$7,228,468

$7,509,794

$7,802,324

$8,106,506

$8,422,806

$8,751,705

2026/27

2027/28

$9,093,706

$9,449,333

Wagga Wagga City Council’s current external loan borrowings assumptions used in the Long Term Financial Plan are as follows: • 4% • 5% • 6% • 7%

2018/19 2019/20 2021/22 2024/25

– 10 year term to 2020/21 – 10 year term to 2023/24 – 10 year term to 2027/28 – 10 year term

Scenario 1 – Fund 10 year Infrastructure Shortfall from External Loan Borrowings

If Wagga Wagga City Council was to fund the Infrastructure shortfall of $80M from external borrowings, this would result in an increase to the bottom line for debt servicing repayments of $44M as follows: 2018/19 $0

2019/20 $825,770

2020/21

2021/22

2022/23

2023/24

2024/25

2025/26

2026/27

2027/28

$1,726,852

$2,662,972

$3,683,312

$4,743,398

$5,844,812

$7,044,030

$8,290,076

$9,584,815

This additional funding from loan borrowings would result in the following changes to a number of Councils financial performance ratios:

Base Case Scenario: ACTUALS 2016/17 -6.38% 5.37 39.74%

BUDGET 2018/19 Operating Performance Ratio Debt Service Cover Ratio Infrastructure Renewals Ratio

BUDGET 2019/20

BUDGET 2020/21

BUDGET 2021/22

BUDGET 2022/23

BUDGET 2023/24

BUDGET 2024/25

BUDGET 2025/26

BUDGET 2026/27

BUDGET 2027/28

-14.05%

-10.18%

-9.55%

-9.34%

-7.93%

-6.75%

-5.19%

-3.65%

-2.11%

-0.47%

3.39

3.74

3.81

3.90

4.27

4.58

5.33

5.56

7.73

117.24%

70.69%

64.59%

42.27%

45.29%

53.69%

46.90%

49.12%

50.57%

52.62%

WAGGA WAGGA CITY COUNCIL LONG TERM FINANCIAL PLAN

Scenario 1 – Borrowings: ACTUALS 2016/17 -6.38%

BUDGET 2018/19 Operating Performance Ratio

5.37

Infrastructure Renewals Ratio

BUDGET 2020/21

BUDGET 2021/22

BUDGET 2022/23

BUDGET 2023/24

BUDGET 2024/25

BUDGET 2025/26

BUDGET 2026/27

BUDGET 2027/28

-16.13%

-12.49%

-12.11%

-12.18%

-11.04%

-10.10%

-8.75%

-7.44%

-6.08%

-4.58%

3.05

3.23

3.09

2.90

2.79

2.85

2.86

3.11

3.09

3.76

132.10%

85.93%

80.21%

58.36%

61.95%

70.97%

64.77%

67.67%

69.85%

72.66%

Debt Service Cover Ratio

39.74%

BUDGET 2019/20

• The Office of Local Government benchmark for the Operating Performance Ratio is >=0%. As a result of the increased interest and operating maintenance expenditure included for the 10 years of the LTFP for this scenario, this ratio is negatively impacted for the life of the LTFP. • The Office of Local Government benchmark for the Debt Service Cover Ratio is >=2%. Due to the increased external borrowings utilised in this scenario, the ratio is negatively impacted but is still above the required benchmark for each year of the LTFP. • The Office of Local Government benchmark for the Infrastructure Renewals Ratio is >=100%. Based on the additional renewal expenditure included in this scenario, this ratio shows a significant increase each financial year for the Long Term Financial Plan of between 15%-20% annually. This increase means that Council is steadily moving towards meeting this benchmark for future LTFP’s. Scenario 2 – Fund 10 year Infrastructure Shortfall from Special Rate Variation – If Wagga Wagga City Council was to fund the Infrastructure shortfall from 2021/22 to 2027/28 of $59M with a Special Rate Variation then this would result in an average increase to rates of approximately 19% for 2021/22 (following on from the Levee Bank project SRV) and then maintained along with the budgeted rate peg amount of 2% for the remaining years of the Long Term Financial Plan. This scenario would equate to additional rates income of $56M as follows: 2018/19

2019/20 $0

2020/21 $0

2021/22

2022/23

2023/24

2024/25

2025/26

2026/27

2027/28

$7,509,697

$7,659,891

$7,813,089

$7,969,351

$8,128,738

$8,291,313

$8,457,139

The additional funding from the SRV would result in the following changes to the Councils operating and infrastructure performance ratios:

Base Case Scenario: ACTUALS 2016/17

BUDGET 2018/19

BUDGET 2019/20

BUDGET 2020/21

BUDGET 2021/22

BUDGET 2022/23

BUDGET 2023/24

BUDGET 2024/25

BUDGET 2025/26

BUDGET 2026/27

BUDGET 2027/28

-6.38%

Operating Performance Ratio

-14.05%

-10.18%

-9.55%

-9.34%

-7.93%

-6.75%

-5.19%

-3.65%

-2.11%

-0.47%

39.74%

Infrastructure Renewals Ratio

117.24%

70.69%

64.59%

42.27%

45.29%

53.69%

46.90%

49.12%

50.57%

52.62%

Scenario 2 – SRV: ACTUALS 2016/17

BUDGET 2018/19

BUDGET 2019/20

BUDGET 2020/21

BUDGET 2021/22

BUDGET 2022/23

BUDGET 2023/24

BUDGET 2024/25

BUDGET 2025/26

BUDGET 2026/27

BUDGET 2027/28

-6.38%

Operating Performance Ratio

-14.05%

-10.18%

-9.55%

-5.08%

-3.84%

-2.80%

-1.41%

-0.04%

-1.33%

-2.80%

39.74%

Infrastructure Renewals Ratio

117.24%

70.69%

64.59%

58.36%

61.95%

70.97%

64.77%

67.67%

69.85%

72.66%

• The Office of Local Government benchmark for the Operating Performance Ratio is >=0%. As a result of the increased operating maintenance expenditure and proposed SRV income from 2021/22 this ratio is positively impacted due to the significance of the additional income generated from the SRV. This scenario moves Council towards meeting the Office of Local Government benchmark by 2026/27. • The Office of Local Government benchmark for the Infrastructure Renewals Ratio is >=100%. Based on the additional renewals expenditure included in this scenario, this ratio shows a significant increase each financial year for the Long Term Financial Plan of between 15%-20% annually. This increase means that Council is steadily moving towards meeting the benchmark for future LTFP’s.

WAGGA WAGGA CITY COUNCIL LONG TERM FINANCIAL PLAN

Long term financial plan appendices

Appendices

The following summary documents are provided as appendixes to the Long Term Financial Plan document. They provide a summary of the financial projections of Wagga Wagga City Council over the next 10 years. It is important that these documents are considered as a total package and not in isolation to gain a clear picture of Council’s budgeted financial position over the next 10 years. Appendix 1 Budgeted Income Statement

Appendix 9 Airport - Ten Year Financial Plan

Appendix 2 Balance Sheet Forecasts

Appendix 10 Livestock Marketing Centre - Ten Year Financial Plan

Appendix 3 Cash Flow Statement Forecasts

Appendix 11 Sewerage Services - Ten Year Financial Plan

Appendix 4 Financial Sustainability Indicators

Appendix 12 Solid Waste Services - Ten Year Financial Plan

Appendix 5 Budgeted External Restrictions

Appendix 13 Stormwater Levy - Ten Year Financial Plan

Appendix 6 Budgeted Internal Restrictions

Appendix 14 Budgeted Income Statement by Function

Appendix 7 External Loan Projects and Debt Servicing Appendix 8 a) Capital Works Program – One off projects b) Capital Works Program – Recurrent projects c) Potential Projects List

WAGGA WAGGA CITY COUNCIL LONG TERM FINANCIAL PLAN

Appendix 1 - Budgeted Income Statement BUDGET 2018/19

BUDGET 2019/20

BUDGET 2020/21

BUDGET 2021/22

BUDGET 2022/23

BUDGET 2023/24

BUDGET 2024/25

BUDGET 2025/26

BUDGET 2026/27

BUDGET 2027/28

(64,445,164)

(66,761,504)

(69,176,244)

(71,195,862)

(73,277,926)

(75,424,469)

(77,637,591)

(79,919,464)

(82,272,335)

(84,698,524)

Special Rate Variation

(1,553,807)

(1,594,203)

(1,635,686)

User Charges & Fees

(26,376,667)

(27,601,118)

(28,824,925)

(30,008,402)

(31,036,587)

(32,102,010)

(33,208,208)

(34,368,278)

(35,603,982)

(36,848,207)

Interest & Investment Revenue

(3,283,829)

(3,714,376)

(4,295,443)

(4,889,249)

(5,595,905)

(6,252,646)

(6,916,956)

(8,018,465)

(9,076,504)

(10,505,033)

Other Revenues

(3,084,604)

(3,135,393)

(3,191,367)

(3,257,771)

(3,333,777)

(3,412,115)

(3,492,877)

(3,574,143)

(3,668,716)

(3,759,626)

Grants & Contributions provided for Operating Purposes

(13,894,989)

(14,044,404)

(14,293,979)

(14,592,901)

(14,797,122)

(15,056,371)

(15,376,696)

(15,607,973)

(15,899,565)

(16,228,800)

Grants & Contributions provided for Capital Purposes

(36,517,290)

(17,367,984)

(11,631,905)

(8,060,822)

(8,336,674)

(8,129,856)

(8,099,004)

(8,153,261)

(8,209,016)

(8,266,313)

(149,156,350)

(134,218,981)

(133,049,549)

(132,005,006)

(136,377,992)

(140,377,466)

(144,731,333)

(149,641,584)

(154,730,118)

(160,306,503)

44,219,258

46,113,492

47,853,059

49,765,914

51,755,328

53,824,363

55,976,206

58,213,392

60,536,611

62,938,577

3,752,580

3,806,299

3,678,105

3,439,489

3,215,987

2,932,136

2,782,314

2,512,483

2,248,403

2,009,177

Materials & Contracts

32,951,581

32,341,052

32,844,206

33,110,633

33,298,973

33,807,770

34,104,511

33,540,065

33,765,789

34,050,629

Depreciation & Amortisation

35,418,997

36,025,921

37,381,243

37,702,405

37,877,879

37,972,195

37,319,096

38,545,941

38,583,972

38,598,632

Other Expenses

12,125,204

10,465,144

11,256,466

11,501,286

12,050,853

12,632,281

13,547,557

13,846,812

14,483,663

15,159,529

128,467,620

128,751,908

133,013,079

135,519,726

138,199,019

141,168,745

143,729,682

146,658,692

149,618,439

152,756,544

(20,688,730)

(5,467,073)

(36,470)

3,514,721

1,821,028

791,279

(1,001,650)

(2,982,892)

(5,111,680)

(7,549,959)

15,828,561

11,900,911

11,595,435

11,575,543

10,157,702

8,921,135

7,097,354

5,170,369

3,097,336

716,354

Revenue From Continuing Operations Rates & Annual Charges

Revenue From Continuing Operations

Expenses From Continuing Operations Employee Benefits & OnCosts Borrowing Costs

Expenses From Continuing Operations

Net Operating Result (Surplus)/Deficit

Net Operating Result before Grants and Contributions provided for Capital Purposes 34

Appendix 2 - Balance Sheet Forecast BUDGET 2018/19

BUDGET 2019/20

BUDGET 2020/21

BUDGET 2021/22

BUDGET 2022/23

BUDGET 2023/24

BUDGET 2024/25

BUDGET 2025/26

BUDGET 2026/27

BUDGET 2027/28

ASSETS Current Assets Cash & Cash Equivalents

11,392,237

12,758,176

13,985,795

15,533,208

17,072,141

18,464,064

20,334,941

22,675,249

24,906,701

27,418,485

Investments

43,007,344

48,163,963

52,798,404

58,640,111

64,449,806

69,704,515

76,767,347

85,602,351

94,026,406

103,508,754

Receivables

14,179,403

12,775,589

12,583,691

12,413,614

12,663,343

12,903,453

13,127,102

13,315,626

13,547,098

13,756,828

Inventories

2,709,863

2,659,655

2,701,033

2,722,943

2,738,432

2,780,274

2,804,678

2,758,259

2,776,822

2,800,247

618,236

587,094

604,848

611,860

621,981

636,933

653,556

649,919

661,750

674,926

71,907,083

76,944,477

82,673,772

89,921,737

97,545,702

104,489,239

113,687,624

125,001,405

135,918,778

148,159,239

59,522,786

66,659,622

73,073,755

81,158,762

89,199,464

96,472,057

106,247,119

118,474,893

130,133,907

143,257,613

Infrastructure, Property, Plant & Equipment

1,447,916,555

1,455,163,300

1,453,836,576

1,440,367,026

1,422,485,567

1,411,530,524

1,400,621,638

1,382,662,282

1,363,856,213

1,344,589,457

Investments Accounted for using the equity method

1,937,524

Investment Property

2,800,000

Total Non-Current Assets

1,512,176,865

1,526,560,446

1,531,647,855

1,526,263,312

1,516,422,555

1,512,740,106

1,511,606,281

1,505,874,698

1,498,727,644

1,492,584,594

TOTAL ASSETS

1,584,083,948

1,603,504,923

1,614,321,627

1,616,185,049

1,613,968,257

1,617,229,345

1,625,293,905

1,630,876,103

1,634,646,421

1,640,743,833

19,318,012

14,832,780

14,389,106

13,428,189

13,117,788

13,997,020

14,218,322

13,657,750

13,765,170

13,860,283

Borrowings

3,666,593

4,056,703

4,321,334

4,713,671

4,550,139

4,419,942

4,218,443

4,535,944

3,149,330

2,599,907

Provisions

11,603,689

Total Current Liabilities

34,588,295

30,493,173

30,314,129

29,745,549

29,271,616

30,020,652

30,040,454

29,797,383

28,518,189

28,063,879

Other Total Current Assets Non-Current Assets Investments

LIABILITIES Current Liabilities Payables

WAGGA WAGGA CITY COUNCIL LONG TERM FINANCIAL PLAN

Appendix 2 - Balance Sheet Forecast continued BUDGET 2018/19

BUDGET 2019/20

BUDGET 2020/21

BUDGET 2021/22

BUDGET 2022/23

BUDGET 2023/24

BUDGET 2024/25

BUDGET 2025/26

BUDGET 2026/27

BUDGET 2027/28

Non-Current Liabilities Borrowings

55,610,111

53,756,564

49,820,230

45,856,559

41,306,420

39,114,171

34,895,728

30,359,785

27,210,455

24,610,548

1,619,514

Total Non-Current Liabilities

57,229,625

55,376,078

51,439,744

47,476,073

42,925,934

40,733,685

36,515,242

31,979,298

28,829,969

26,230,062

TOTAL LIABILITIES

91,817,919

85,869,251

81,753,873

77,221,623

72,197,550

70,754,336

66,555,696

61,776,681

57,348,158

54,293,941

1,492,266,029

1,517,635,672

1,532,567,753

1,538,963,426

1,541,770,707

1,546,475,008

1,558,738,209

1,569,099,422

1,577,298,264

1,586,449,892

Accumulated Surplus

972,689,701

998,059,344

1,012,991,425

1,019,387,098

1,022,194,379

1,026,898,680

1,039,161,881

1,049,523,094

1,057,721,936

1,066,873,564

Revaluation Reserves

519,576,328

1,492,266,029

1,517,635,672

1,532,567,753

1,538,963,426

1,541,770,707

1,546,475,008

1,558,738,209

1,569,099,422

1,577,298,264

1,586,449,892

Provisions

NET ASSETS EQUITY

TOTAL EQUITY

Appendix 3 - Cash Flow Statement Forecast BUDGET 2018/19

BUDGET 2019/20

BUDGET 2020/21

BUDGET 2021/22

BUDGET 2022/23

BUDGET 2023/24

BUDGET 2024/25

BUDGET 2025/26

BUDGET 2026/27

BUDGET 2027/28

Rates & Annual Charges

65,817,154

68,216,279

70,666,617

71,173,148

73,154,749

75,297,477

77,506,660

79,784,466

82,133,136

84,554,988

User Charges & Fees

26,301,810

27,458,383

28,685,408

29,878,895

30,936,674

31,998,330

33,100,249

34,253,901

35,479,598

36,725,500

3,245,894

3,654,732

4,133,806

4,756,934

5,417,769

6,074,948

6,754,303

7,804,765

8,812,746

10,222,654

48,736,922

32,888,316

26,352,080

22,907,907

23,096,504

23,182,154

23,453,214

23,739,054

24,081,599

24,465,087

2,226,705

3,224,125

3,137,393

3,211,033

3,219,706

3,298,882

3,373,492

3,451,720

3,534,635

3,625,733

Cash Flows from Operating Activities Receipts:

Interest & Investment Revenue Received Grants & Contributions Other Payments: Employee Benefits & On-Costs

(44,219,258) (46,113,492) (47,853,059) (49,765,914) (51,755,328) (53,824,363) (55,976,206) (58,213,392) (60,536,611) (62,938,577)

Materials & Contracts

(32,678,090) (32,503,328) (32,768,601) (33,088,007) (33,251,895) (33,750,739) (34,023,590) (33,528,520) (33,706,930) (33,987,085)

Borrowing Costs Other Net Cash provided/(used in) Operating Activities

(3,752,580)

(3,806,299)

(3,678,105)

(3,439,489)

(3,215,987)

(2,932,136)

(2,782,314)

(2,512,483)

(2,248,403)

(2,009,177)

(10,865,931)

(9,168,092)

(9,920,502) (10,125,243) (10,633,529) (11,172,438) (12,043,918) (12,343,173) (12,980,025) (13,655,890)

54,812,627

43,850,625

38,755,037

35,509,265

36,968,664

38,172,115

39,361,891

42,436,339

44,569,746

47,003,232

46,169,144

19,298,393

22,862,497

14,166,332

10,242,287

19,696,635

19,849,047

15,622,288

13,413,226

14,393,973

952,795

822,182

835,808

1,383,000

739,100

977,700

1,651,850

1,148,900

1,250,650

631,200

Cash Flows from Investing Activities Receipts: Sale of Investment Securities Sale of Infrastructure, Property, Plant & Equipment Payments: Purchase of Investment Securities

(10,000,000) (20,000,000) (20,000,000) (20,000,000) (20,000,000) (25,000,000) (25,000,000) (30,000,000) (30,000,000) (35,000,000)

Purchase of Infrastructure, Property, Plant & Equipment

(93,247,753) (39,844,772) (36,218,056) (24,563,807) (20,280,124) (28,672,239) (28,068,330) (21,145,137) (20,962,588) (19,863,653)

Contributions Paid to Joint Ventures & Associates Net Cash provided/(used in) Investing Activities

(1,259,273)

(1,297,052)

(1,335,964)

(1,376,043)

(1,417,323)

(1,459,843)

(1,503,638)

(57,385,087) (41,021,250) (33,855,714) (30,390,518) (30,716,059) (34,457,747) (33,071,071) (35,877,588) (37,802,350) (41,342,119)

WAGGA WAGGA CITY COUNCIL LONG TERM FINANCIAL PLAN

Appendix 3 - Cash Flow Statement Forecast continued BUDGET 2018/19

BUDGET 2019/20

BUDGET 2020/21

BUDGET 2021/22

BUDGET 2022/23

BUDGET 2023/24

BUDGET 2024/25

BUDGET 2025/26

BUDGET 2026/27

BUDGET 2027/28

Cash Flows from Financing Activities Receipts: Proceeds from Borrowings & Advances

6,108,672

2,203,157

385,000

750,000

2,227,693

Payments: (3,129,777)

(3,666,593)

(4,056,703)

(4,321,334)

(4,713,671)

(4,550,139)

(4,419,942)

(4,218,443)

(4,535,944)

(3,149,330)

Net Cash provided/(used in) in Financing Activities

Repayment of Borrowings & Advances

2,978,894

(1,463,436)

(3,671,703)

(3,571,334)

(4,713,671)

(2,322,446)

(4,419,942)

(4,218,443)

(4,535,944)

(3,149,330)

Net Increase/(Decrease) in Cash & Cash Equivalents

406,434

1,365,939

1,227,619

1,547,413

1,538,933

1,391,923

1,870,877

2,340,309

2,231,452

2,511,784

plus: Cash & Cash Equivalents - beginning of year

10,985,803

11,392,237

12,758,176

13,985,795

15,533,208

17,072,141

18,464,064

20,334,941

22,675,249

24,906,701

Cash & Cash Equivalents - end of the year

11,392,237

12,758,176

13,985,795

15,533,208

17,072,141

18,464,064

20,334,941

22,675,249

24,906,701

27,418,485

Cash & Cash Equivalents - end of the year

11,392,237

12,758,176

13,985,795

15,533,208

17,072,141

18,464,064

20,334,941

22,675,249

24,906,701

27,418,485

Investments - end of the year

102,530,131 114,823,586 125,872,159 139,798,873 153,649,270 166,176,573 183,014,466 204,077,244 224,160,313 246,766,367

Cash, Cash Equivalents & Investments - end of the year

113,922,367 127,581,762 139,857,955 155,332,081 170,721,411 184,640,636 203,349,407 226,752,493 249,067,015 274,184,852

Appendix 4 - Financial Sustainability Indicators ACTUALS 2016/17 -6.38%

BUDGET 2018/19 Operating Performance Ratio

-14.05%

BUDGET 2019/20 -10.18%

BUDGET 2020/21 -9.55%

BUDGET 2021/22 -9.34%

BUDGET 2022/23

BUDGET 2023/24

BUDGET 2024/25

BUDGET 2025/26

BUDGET 2026/27

BUDGET 2027/28

-7.93%

-6.75%

-5.19%

-3.65%

-2.11%

-0.47%

Revenue from Continuing Operations excluding Capital Grants & Contributions less Operating Expenses

(15,828,561) (11,900,911) (11,595,435) (11,575,543) (10,157,702)

(8,921,135)

(7,097,354)

(5,170,369)

(3,097,336)

(716,354)

Revenue from Continuing Operations excluding Capital Grants & Contributions

112,639,060 116,850,997 121,417,644 123,944,184 128,041,317 132,247,611 136,632,328 141,488,324 146,521,102 152,040,190

Office of Local Government Benchmark >= 0.00%

59.18%

Own Source Operating Revenue Ratio

66.20%

76.60%

80.51%

82.84%

83.04%

83.48%

83.78%

84.12%

84.42%

84.72%

Office of Local Government Benchmark >= 60.00%

3.08

Revenue from Continuing Operations excluding all Grants & Contributions

98,744,071 102,806,593 107,123,665 109,351,283 113,244,195 117,191,240 121,255,632 125,880,350 130,621,537 135,811,390

Revenue from Continuing Operations

149,156,350 134,218,981 133,049,549 132,005,006 136,377,992 140,377,466 144,731,333 149,641,584 154,730,118 160,306,503

Unrestricted Current Ratio

2.77

3.54

3.83

4.28

4.75

4.90

5.32

5.92

6.87

7.67

Current Assets less all External Restrictions

56,899,107

60,763,263

65,229,998

70,879,026

76,838,555

82,269,081

89,457,400

98,287,033 106,815,188 116,374,973

Current Liabilities less Specific Purpose Liabilities

20,530,639

17,172,639

17,025,823

16,559,588

16,170,963

16,785,172

16,801,410

16,602,091

15,553,152

15,180,618

3.39

3.74

3.81

3.90

4.27

4.58

5.33

5.56

7.73

23,343,016

27,931,309

29,463,913

29,566,352

30,936,164

31,983,197

33,004,056

35,888,056

37,735,039

39,891,455

6,882,358

7,472,892

7,734,808

7,760,823

7,929,658

7,482,275

7,202,256

6,730,926

6,784,347

5,158,507

Office of Local Government Benchmark >= 1.50

5.37

Debt Service Cover Ratio Office of Local Government Benchmark >= 2.00 Operating Result before Capital excluding Interest and Depreciation Principal Repayments plus Borrowing Costs

WAGGA WAGGA CITY COUNCIL LONG TERM FINANCIAL PLAN

Appendix 4 - Financial Sustainability Indicators continued ACTUALS 2016/17 5.10%

BUDGET 2018/19 Rates, Annual Charges, Interest & Extra Charges Outstanding Percentage

BUDGET 2019/20

6.20%

BUDGET 2020/21

BUDGET 2021/22

BUDGET 2022/23

BUDGET 2023/24

BUDGET 2024/25

BUDGET 2025/26

BUDGET 2026/27

BUDGET 2027/28

6.20%

6.18%

6.19%

4,373,509

4,529,681

4,692,446

4,717,888

4,855,858

4,998,102

5,144,757

5,295,969

5,451,885

5,612,659

70,546,091

73,112,080

75,741,705

76,306,405

78,432,726

80,736,900

83,112,812

85,561,857

88,087,337

90,691,761

117.24%

70.69%

64.59%

42.27%

45.29%

53.69%

46.90%

49.12%

50.57%

52.62%

Wagga Wagga City Council Organisational Target <= 5.00% Rates, Annual & Extra Charges Outstanding Rates, Annual & Extra Charges Collectible 39.74%

Infrastructure Renewals Ratio

Office of Local Government Benchmark >= 100.00% Asset Renewals (Building & Infrastructure Assets)

34,343,569

21,004,754

19,464,842

12,861,349

13,845,262

16,455,976

14,463,020

15,162,050

15,622,678

16,262,638

Depreciation of Building and Infrastructure Assets

29,294,188

29,711,876

30,136,506

30,425,554

30,570,577

30,649,664

30,834,714

30,869,309

30,895,090

30,907,500

Appendix 5 - Budgeted External Restrictions RESERVE NAME

ESTIMATED CLOSING BALANCE 2017/18

CLOSING BALANCE 2018/19

CLOSING BALANCE 2019/20

CLOSING BALANCE 2020/21

CLOSING BALANCE 2021/22

CLOSING BALANCE 2022/23

CLOSING BALANCE 2023/24

CLOSING BALANCE 2024/25

CLOSING BALANCE 2025/26

CLOSING BALANCE 2026/27

CLOSING BALANCE 2027/28

Sewer Reserve

23,616,552

19,349,188

22,640,971

25,088,530

28,015,967

33,476,098

39,250,625

46,747,586

54,872,000

63,540,623

73,067,015

Solid Waste Reserve

16,904,789

7,304,424

4,597,483

5,908,960

7,872,777

10,236,533

12,254,222

8,934,167

12,389,632

16,033,490

19,859,976

3,076,184

2,914,153

15,405,700

8,121,854

4,883,677

50,356

453,616

3,532,690

4,821,285

6,715,712

8,586,318

11,159,246

13,994,234

S94A Developer Contributions

404,956

46,456

98,956

51,456

3,956

56,456

8,956

61,456

113,956

166,456

218,956

S94 (Old Plan 1993-2004) Developer Contributions

245,932

124,094

4,725,413

4,225,413

4,725,413

3,821,402

64,379,526

42,085,583

37,070,595

35,044,799

40,291,812

51,247,274

60,280,585

66,404,417

79,907,402

94,845,312

111,085,677

Stormwater Levy Reserve S94 Developer Contributions

S64 Developer Contributions (Stormwater) TOTAL

* Unexpended Grants are also classified as externally restricted funds - however these are not shown in this table 40

Appendix 6 - Budgeted Internal Restrictions RESERVE NAME Airport Reserve

ESTIMATED CLOSING BALANCE 2017/18

CLOSING BALANCE 2018/19

CLOSING BALANCE 2019/20

CLOSING BALANCE 2020/21

CLOSING BALANCE 2021/22

CLOSING BALANCE 2022/23

CLOSING BALANCE 2023/24

CLOSING BALANCE 2024/25

CLOSING BALANCE 2025/26

CLOSING BALANCE 2026/27

CLOSING BALANCE 2027/28

527,798

686,250

715,875

698,507

677,782

584,603

589,973

284,508

697,454

1,076,867

2,188,087

51,990

38,728

42,228

45,728

49,228

52,728

56,228

59,728

63,228

66,728

70,228

Ashmont Community Facility Reserve

6,000

7,500

9,000

10,500

12,000

13,500

15,000

16,500

18,000

19,500

21,000

Bridge Replacement Reserve

186,667

286,667

386,667

486,667

586,667

686,667

786,667

886,667

986,667

1,086,667

1,186,667

CBD Carparking Facilities Reserve

873,094

712,792

74,476

84,476

66,476

48,476

30,476

12,476

Cemetery Perpetual Reserve

138,667

268,046

401,777

539,979

682,778

840,693

1,052,052

1,318,671

1,585,291

1,851,911

2,118,530

Cemetery Reserve

254,446

254,026

367,291

494,500

664,243

696,154

694,195

656,938

139,482

144,972

200,013

Civic Theatre Operating Reserve

50,000

105,000

8,500

63,500

118,500

173,500

228,500

283,500

338,500

393,500

448,500

Civic Theatre Technical Infrastructure Reserve

98,350

148,350

198,350

248,350

298,350

348,350

398,350

448,350

498,350

548,350

598,350

Civil Projects Reserve

155,883

103,083

5,685

62,869

122,589

154,806

188,146

228,575

294,655

372,744

418,531

543,180

593,387

Council Election Reserve

239,871

316,204

392,368

158,356

234,163

309,785

385,216

150,450

225,480

300,302

374,908

Emergency Events Reserve

191,160

3,184,451

Estella Community Centre Reserve

230,992

52,473

Family Day Care Reserve

293,300

217,935

143,462

70,032

(2,190)

(73,026)

(142,281)

(209,746)

(275,194)

(338,297)

(399,859)

Fit for the Future Reserve

4,541,757

97,743

Generic Projects Reserve

926,883

776,883

451,782

65,576

12,772

19,704

21,704

23,704

25,704

27,704

29,704

31,704

33,704

35,704

37,704

39,704

Art Gallery Reserve

CCTV Reserve

Community Amenities Reserve Community Works Reserve

Employee Leave Entitlements Gen Fund Reserve

Glenfield Community Centre Reserve

WAGGA WAGGA CITY COUNCIL LONG TERM FINANCIAL PLAN

Appendix 6 - Budgeted Internal Restrictions continued RESERVE NAME Grassroots Cricket Reserve

ESTIMATED CLOSING BALANCE 2017/18

CLOSING BALANCE 2018/19

CLOSING BALANCE 2019/20

CLOSING BALANCE 2020/21

CLOSING BALANCE 2021/22

CLOSING BALANCE 2022/23

CLOSING BALANCE 2023/24

CLOSING BALANCE 2024/25

CLOSING BALANCE 2025/26

CLOSING BALANCE 2026/27

CLOSING BALANCE 2027/28

70,992

736,422

50,454

Information Services / E-Business Reserve

120,713

42,856

265,648

362,493

317,189

643,732

960,120

1,308,353

1,109,428

1,116,628

1,373,763

Infrastructure Replacement Reserve

183,215

251,324

81,516

100,238

113,217

96,340

70,328

59,808

28,644

905,986

1,537,456

2,434,510

3,351,395

4,134,979

4,858,746

5,561,015

6,250,280

6,574,213

6,652,552

6,730,891

Lake Albert Improvements Reserve

47,789

69,352

90,867

112,333

133,749

155,115

116,738

137,999

159,205

180,357

201,838

LEP Preparation Reserve

2,545

Livestock Marketing Centre Reserve

4,394,024

5,540,787

7,125,371

8,937,900

10,999,631

10,349,663

9,212,338

11,661,546

14,231,757

16,928,323

19,756,158

Environmental Conservation Reserve

131,351

111,056

39,378

204,147

289,526

309,226

348,126

398,126

448,126

498,126

548,126

598,126

1,139,577

749,577

659,577

434,577

544,577

654,577

569,577

679,577

789,577

899,577

1,009,577

Parks & Recreation Projects Reserve

54,788

5,288

Plant Replacement Reserve

3,029,223

2,775,265

3,426,740

2,023,913

896,329

1,646,030

1,096,109

3,366

219,216

449,995

1,339,209

Playground Equipment Replacement Reserve

164,860

95,367

261,093

377,449

624,859

903,765

1,134,627

1,277,924

1,274,153

1,342,831

1,406,496

Project Carryovers Reserve

402,808

Public Art Reserve

142,983

112,682

82,382

(1)

(0)

(1)

(0)

Gravel Pit Restoration Reserve Gurwood Street Property Reserve

Insurance Variations Reserve Internal Loans Reserve

Museum Acquisitions Reserve Oasis Building Renewal Reserve Oasis Plant Reserve

Appendix 6 - Budgeted Internal Restrictions continued

RESERVE NAME Robertson Oval Redevelopment Reserve

ESTIMATED CLOSING BALANCE 2017/18

CLOSING BALANCE 2018/19

CLOSING BALANCE 2019/20

CLOSING BALANCE 2020/21

CLOSING BALANCE 2021/22

CLOSING BALANCE 2022/23

CLOSING BALANCE 2023/24

CLOSING BALANCE 2024/25

CLOSING BALANCE 2025/26

CLOSING BALANCE 2026/27

CLOSING BALANCE 2027/28

86,697

Senior Citizens Centre Reserve

15,627

17,627

19,627

21,627

23,627

25,627

27,627

29,627

31,627

33,627

35,627

Sister Cities Reserve

46,527

56,527

66,527

76,527

86,527

96,527

106,527

116,527

126,527

136,527

146,527

1,807,667

158,242

128,642

1,082,792

681,487

Street Lighting Replacement Reserve

104,755

Subdivision Tree Planting Reserve

292,621

252,621

272,621

232,621

252,621

272,621

292,621

312,621

332,621

352,621

372,621

Sustainable Energy Reserve

550,442

455,442

487,842

522,834

550,442

40,000

28,149,312

22,096,913

25,787,079

26,827,105

29,094,569

31,017,618

31,011,060

33,630,514

37,259,361

41,479,523

47,467,115

SRV Levee Reserve Stormwater Drainage Reserve Strategic Real Property Reserve

Traffic Committee Reserve TOTAL

WAGGA WAGGA CITY COUNCIL LONG TERM FINANCIAL PLAN

Appendix 7 - External Loan Projects and Debt Servicing BORROW YEAR

CAPITAL PROJECT

Amount Borrowed

2017/18

2018/19

2019/20

2020/21

2021/22

2022/23

2023/24

2024/25

2025/26

2026/27

2027/28

TOTALS

General Fund Debt Servicing 2011/12

2011/12

Wiradjuri Boat Ramp - 6.44% - 15 years

Replace Substation Jubilee Park - 6.44% - 15 years

Replace Bridge Over Model Railway at Botanic Gardens 6.44% - 15 years

Upgrade Docker Street Pedestrian Rail Crossing 6.44% - 15 years

Upgrade Tarcutta Main Street 6.44% - 15 Years

421,603 Interest

20,350

18,616

16,986

15,203

13,298

11,268

9,163

6,781

4,341

1,718

117,724

Principal

23,723

25,457

27,087

28,870

30,774

32,805

34,910

37,292

39,732

42,355

323,004

44,073

440,728

Interest

16,122

14,748

13,457

12,044

10,535

8,927

7,259

5,372

3,439

1,361

93,262

Principal

18,794

20,167

21,459

22,871

24,380

25,988

27,656

29,543

31,476

33,554

255,889

34,915

349,151

Interest

2,559

2,341

2,136

1,912

1,673

1,417

1,152

853

546

216

14,806

Principal

2,984

3,202

3,407

3,631

3,871

4,126

4,391

4,690

4,997

5,327

40,624

5,543

55,430

Interest

19,584

17,915

16,346

14,630

12,798

10,844

8,818

6,525

4,177

1,653

113,290

Principal

22,829

24,498

26,067

27,783

29,615

31,569

33,595

35,888

38,236

40,760

310,841

42,413

424,131

Interest

14,480

13,247

12,087

10,818

9,463

8,018

6,520

4,825

3,089

1,222

83,769

Principal

16,880

18,114

19,274

20,543

21,898

23,343

24,841

26,536

28,272

30,139

229,840

31,361

313,609

334,000

51,306

400,000

300,000

Appendix 7 - External Loan Projects and Debt Servicing continued BORROW YEAR

CAPITAL PROJECT

2011/12

Upgrade Civic Theatre Sound Systems - 6.44% - 15 years

2011/12

Australian Carbon Trust Project - 5% - 4 years

Amount Borrowed

2012/13

2011/12

2012/13

Robertson Oval - 5.42% - 10 years

Develop Botanic Gardens & Zoo - 6.44% - 15 years

Develop Botanic Gardens & Zoo - 5.42% - 10 years

2019/20

2020/21

2021/22

2022/23

2023/24

2024/25

2025/26

2026/27

2027/28

TOTALS

Interest

8,302

7,595

6,930

6,202

5,425

4,597

3,738

2,766

1,771

701

48,027

Principal

9,678

10,386

11,051

11,778

12,555

13,383

14,242

15,214

16,209

17,280

131,775

17,980

179,802

377

20,030

20,407

Interest

161,362

147,612

134,688

120,550

105,448

89,349

72,657

53,767

34,419

13,619

933,470

Principal

188,106

201,856

214,780

228,918

244,021

260,119

276,811

295,701

315,049

335,849

2,561,211

Interest

6,902

5,875

4,818

3,661

2,451

1,192

24,899

Principal

18,617

19,644

20,701

21,859

23,068

30,707

134,595

374,987

381,367

349,468

3,654,175

Interest

4,827

4,416

4,029

3,606

3,154

2,673

2,173

1,608

1,030

407

27,923

Principal

5,627

6,038

6,425

6,848

7,299

7,781

8,280

8,845

9,424

10,046

76,613

Interest

6,902

5,875

4,818

3,661

2,451

1,192

24,899

Principal

18,617

19,644

20,701

21,859

23,068

30,707

134,595

35,973

42,352

10,454

264,031

211,909

Principal

Robertson Oval - 6.44% - 15 years

2018/19

172,000

Interest

2011/12

2017/18

3,343,032

200,000

97,581

200,000

WAGGA WAGGA CITY COUNCIL LONG TERM FINANCIAL PLAN

Appendix 7 - External Loan Projects and Debt Servicing continued BORROW YEAR

CAPITAL PROJECT

2011/12

Equestrian Audit Recommendations - 6.44% 15 years

2013/14

2012/13

Equestrian Audit Recommendations - 4.84% 5 years + 4% 5 years

Jubilee Park Amenities Building - 5.42% - 10 years

Higgins Avenue Rehabilitation (LIRS) - 5.42% - 10 years

Reinstate Road Failures (LIRS) - 5.42% - 10 years

Amount Borrowed

2017/18

2018/19

2019/20

2020/21

2021/22

2022/23

2023/24

2024/25

2025/26

2026/27

2027/28

TOTALS

250,000 Interest

12,067

11,039

10,072

9,015

7,886

6,682

5,433

4,021

2,574

1,018

69,807

Principal

14,067

15,095

16,062

17,119

18,248

19,452

20,701

22,113

23,560

25,116

191,534

Interest

8,639

7,466

5,430

4,428

3,385

2,301

1,173

32,822

Principal

23,940

25,114

25,065

26,068

27,111

28,195

29,323

184,816

58,714

56,630

26,134

478,979

Interest

10,353

8,813

7,228

5,491

3,677

1,788

37,349

Principal

27,926

29,466

31,051

32,788

34,601

46,061

201,893

38,279

47,848

239,242

Interest

9,490

8,078

6,625

5,033

3,371

1,639

34,236

Principal

25,599

27,011

28,463

30,056

31,718

42,222

185,068

35,089

43,861

219,305

Interest

20,326

17,302

14,190

10,780

7,220

3,510

73,328

Principal

54,828

57,852

60,963

64,373

67,934

90,433

396,383

75,154

93,942

469,711

250,000

300,000

275,000

589,000

Appendix 7 - External Loan Projects and Debt Servicing continued BORROW YEAR

CAPITAL PROJECT

2012/13

Building Infrastructure - 6.45% - 15 years

2012/13

2013/14

2012/13

Implement Tarcutta Street Gasworks Remediation 5.42% - 10 years (transferred from RIFL)

Implement Tarcutta Street Gasworks Remediation 4.84% 5 years + 4% 5 years

New Amenities Building - Duke Kent Oval - 5.42% - 10 years

Amount Borrowed

2019/20

2020/21

2021/22

2022/23

2023/24

2024/25

2025/26

2026/27

2027/28

TOTALS

Interest

121,816

112,695

103,531

92,863

81,757

70,311

57,141

43,863

29,519

14,179

727,675

Principal

138,095

147,227

156,156

167,661

178,720

190,320

202,792

216,343

230,552

310,818

1,938,683

259,911

259,922

259,687

260,524

260,477

260,631

259,933

260,206

260,071

324,997

2,666,359

Interest

26,227

22,325

18,310

13,910

9,316

4,528

94,617

Principal

70,745

74,647

78,662

83,063

87,657

116,687

511,462

Interest

64,437

55,682

40,503

33,025

25,248

17,160

8,748

244,803

Principal

178,557

187,312

186,949

194,427

202,204

210,292

218,704

1,378,446

339,966

324,425

348,668

227,452

2,229,327

759

646

530

403

270

131

2,739

2,048

2,161

2,277

2,404

2,537

3,378

14,805

Interest

1,095

946

688

561

429

291

149

4,158

Principal

3,033

3,182

3,176

3,303

3,435

3,572

3,715

23,415

6,935

6,671

7,373

3,864

45,118

760,000

1,864,610

22,000

Principal New Amenities Building - Duke Kent Oval - 4.84% 5 years + 4% 5 years

2018/19

2,500,000

Interest

2013/14

2017/18

31,680

WAGGA WAGGA CITY COUNCIL LONG TERM FINANCIAL PLAN

Appendix 7 - External Loan Projects and Debt Servicing continued BORROW YEAR

CAPITAL PROJECT

2012/13

Soccer Development City Wide Strategy (LIRS) - 5.42% - 10 years

2013/14

2014/15

2012/13

2017/18

Soccer Development City Wide Strategy (LIRS) - 5.39% - 10 years

Soccer Development City Wide Strategy (LIRS) - 4.19% - 10 years

Multi Purpose Stadium Facilities - 5.42% - 10 years

Equex Multi Purpose Stadium Facility - 3.8% - 15 years

Amount Borrowed

2017/18

2018/19

2019/20

2020/21

2021/22

2022/23

2023/24

2024/25

2025/26

2026/27

2027/28

TOTALS

180,000 Interest

6,212

5,288

4,337

3,294

2,206

1,073

22,409

Principal

16,755

17,680

18,631

19,673

20,761

27,636

121,136

Interest

18,345

15,973

13,576

10,809

8,033

5,117

2,021

73,874

Principal

43,207

45,579

47,976

50,743

53,519

56,435

59,531

356,990

Interest

12,023

10,684

9,279

7,767

6,246

4,577

2,898

1,145

54,619

Principal

32,263

33,602

35,008

36,520

38,041

39,710

41,389

43,142

299,675

128,806

134,548

105,839

44,287

928,703

Interest

2,105

1,792

1,470

1,116

748

363

7,594

Principal

5,678

5,991

6,314

6,667

7,036

9,366

41,052

Interest

3,451

2,938

2,409

1,830

1,226

596

12,450

Principal

9,309

9,822

10,350

10,929

11,534

15,354

67,298

Interest

62,195

59,042

55,770

52,373

48,847

45,188

41,389

37,446

33,353

29,104

464,707

Principal

82,961

86,113

89,386

92,782

96,308

99,968

103,766

107,710

111,803

116,051

986,847

473,500

360,155

61,000

100,000

1,636,700

Appendix 7 - External Loan Projects and Debt Servicing continued BORROW YEAR

CAPITAL PROJECT

2018/19

Equex Multi Purpose Stadium Facility - 4.5% - 15 years

2018/19

2023/24

2013/14

PCYC Contribution - 4.5% - 15 years

Bolton Park Multi Purpose Stadium Facility - 6% - 10 years

Equestrian Audit Recommendations - 4.84% 5 years + 4% - 5 years

RRL Headquarters - $12K per year for 10 years

Amount Borrowed

City Levee Project - 4.84% - 5 years + 4% - 5 years

2018/19

2019/20

2020/21

2021/22

2022/23

2023/24

2024/25

2025/26

2026/27

2027/28

TOTALS

1,691,321 Interest

76,109

72,448

68,621

64,622

60,443

56,076

51,513

46,744

41,761

538,336

Principal

81,376

85,038

88,865

92,863

97,042

101,409

105,973

110,741

115,725

879,032

Interest

106,391

101,272

95,923

90,333

84,492

78,387

72,008

65,342

58,376

752,524

Principal

113,753

118,872

124,221

129,811

135,652

141,757

148,136

154,802

161,768

1,228,772

Interest

110,862

102,451

93,535

84,085

390,932

Principal

140,181

148,592

157,507

166,957

613,237

20,543

165,698

385,842

390,978

365,299

616,342

4,565,412

Interest

3,456

2,986

2,172

1,771

1,354

920

469

13,129

Principal

9,576

10,046

10,026

10,427

10,844

11,278

11,729

73,927

13,032

12,198

87,055

12,000

84,000

12,000

84,000

Interest

6,903

5,965

4,339

3,538

2,705

1,838

937

26,225

Principal

19,128

20,066

20,027

20,828

21,662

22,528

23,429

147,669

26,031

24,366

173,894

2,364,247

1,847,693

100,000

120,000 Principal

2013/14

2017/18

199,750

WAGGA WAGGA CITY COUNCIL LONG TERM FINANCIAL PLAN

Appendix 7 - External Loan Projects and Debt Servicing continued BORROW YEAR

CAPITAL PROJECT

2013/14

Implement Animal Shelter Expansion (LIRS) - 5.39% - 10 years

2014/15

2013/14

2014/15

2017/18

Implement Animal Shelter Expansion (LIRS) - 4.19% - 10 years

Rehabilitation Lakeside Drive (LIRS) - 5.39% - 10 years

Rehabilitation Lakeside Drive (LIRS) - 4.19% - 10 years

RIFL Stage 1 - 3.8% - 15 years

Footpath Construction Program - 3.5% - 10 years

Amount Borrowed

2017/18

2018/19

2019/20

2020/21

2021/22

2022/23

2023/24

2024/25

2025/26

2026/27

2027/28

TOTALS

117,870 Interest

4,567

3,976

3,380

2,691

2,000

1,274

503

18,390

Principal

10,756

11,346

11,943

12,632

13,323

14,049

14,819

88,867

Interest

18,098

16,083

13,968

11,691

9,401

6,890

4,362

1,724

82,216

Principal

48,565

50,581

52,696

54,973

57,262

59,774

62,302

64,940

451,092

81,986

66,664

640,565

Interest

20,287

17,665

15,014

11,953

8,883

5,658

2,235

81,695

Principal

47,781

50,404

53,055

56,116

59,185

62,410

65,834

394,785

Interest

3,751

3,334

2,895

2,423

1,949

1,428

904

357

17,041

Principal

10,066

10,484

10,923

11,394

11,869

12,390

12,914

13,460

93,500

81,886

13,818

587,021

Interest

110,807

105,191

99,361

93,309

87,028

80,507

73,739

66,714

59,422

51,853

827,931

Principal

147,805

153,421

159,251

165,303

171,584

178,105

184,873

191,898

199,190

206,759

1,758,188

258,612

2,586,119

Interest

35,000

32,017

28,929

25,733

22,425

19,001

15,458

11,791

7,995

4,066

202,414

Principal

85,241

88,225

91,313

94,509

97,816

101,240

104,783

108,451

112,247

116,175

1,000,000

120,241

1,202,414

542,130

523,630

112,370

2,915,980

1,000,000

Appendix 7 - External Loan Projects and Debt Servicing continued BORROW YEAR

CAPITAL PROJECT

2018/19

Northern Sporting Precinct 4% - 10 years

2018/19

2019/20

2021/22

Exhibition Centre Kooringal Road Exit - 4% - 10 years

Exhibition Centre Kooringal Road Exit - 5% - 10 years

Jubilee Park Synthetic Hockey Fields Replace - 5% - 10 years

Lawn Cemetery Master Plan Works - 6% - 10 years

Amount Borrowed

2017/18

2018/19

2019/20

2020/21

2021/22

2022/23

2023/24

2024/25

2025/26

2026/27

2027/28

TOTALS

100,000 Interest

4,000

3,667

3,320

2,960

2,585

2,195

1,790

1,369

930

22,817

Principal

8,329

8,662

9,009

9,369

9,744

10,134

10,539

10,961

11,399

88,145

12,329

110,962

Interest

7,080

6,490

5,877

5,239

4,576

3,886

3,169

2,422

1,646

40,386

Principal

14,743

15,332

15,945

16,583

17,247

17,937

18,654

19,400

20,176

156,017

21,823

21,822

21,823

196,402

Interest

79,908

73,555

66,884

59,880

52,525

44,803

36,695

28,181

442,432

Principal

127,061

133,414

140,085

147,089

154,443

162,165

170,274

178,787

1,213,317

206,969

1,655,749

Interest

11,250

10,356

9,416

8,430

7,395

6,308

5,166

3,968

62,289

Principal

17,889

18,783

19,722

20,708

21,744

22,831

23,972

25,171

170,820

29,139

233,108

Interest

45,000

41,586

37,967

34,131

30,065

25,755

214,503

Principal

56,901

60,315

63,934

67,770

71,836

76,146

396,902

101,901

611,406

177,000

1,598,157

225,000

750,000

WAGGA WAGGA CITY COUNCIL LONG TERM FINANCIAL PLAN

Appendix 7 - External Loan Projects and Debt Servicing continued BORROW YEAR

CAPITAL PROJECT

Amount Borrowed

TOTAL GENERAL DEBT SERVICING

29,770,223 Interest

2017/18

2018/19

2019/20

2020/21

2021/22

2022/23

2023/24

2024/25

2025/26

2026/27

2027/28

TOTALS

636,176

777,917

886,072

885,772

783,071

720,304

605,142

613,487

517,026

418,202

1,149,807

1,511,679

1,794,682

2,031,926

2,134,580

2,385,113

2,071,017

1,858,668

1,830,226

1,993,976

1,195,115 19,956,789

1,785,984

2,289,596

2,680,754

2,917,698

2,917,651

3,105,418

2,676,158

2,472,155

2,347,252

2,412,178

1,524,840 27.129.684

Interest

173,457

154,800

136,257

113,620

90,565

65,868

39,269

11,208

785,044

Principal

263,848

282,505

301,048

323,685

346,740

371,437

398,036

316,770

2,604,069

437,305

327,979

3,389,113

Interest

290,363

265,621

242,364

216,923

189,747

160,779

130,742

96,751

61,935

24,507

1,679,731

Principal

338,487

363,229

386,486

411,927

439,102

468,071

498,108

532,099

566,915

604,343

4,608,767

628,850

6,288,499

Interest

81,068

74,158

67,005

59,603

51,941

44,012

35,804

27,310

18,518

9,418

468,837

Principal

197,439

204,349

211,501

218,904

226,565

234,495

242,703

251,197

259,989

269,089

2,316,230

278,507

2,785,067

Interest

71,044

65,127

58,973

52,573

45,916

38,994

31,795

24,307

16,520

405,249

Principal

147,933

153,851

160,005

166,405

173,061

179,984

187,183

194,670

202,457

1,565,548

218,977

1,970,797

Principal

329,725

7,172,895

Airport Debt Servicing 2009/10

2011/12

2017/18

2018/19

Airport Pavement Upgrade 6.94% - 10 years (refinanced in 2014/15)

Develop Precinct 2A - 6.44% 15 years

Airport Masterplan - 3.5% - 10 years

Airport Masterplan - 4% - 10 years

3,133,340

6,015,614

2,316,230

1,776,104

Appendix 7 - External Loan Projects and Debt Servicing continued BORROW YEAR

CAPITAL PROJECT

2019/20

Airport - Bays 1-3 Upgrade 5% - 10 years

2020/21

2023/24

Airport - Carpark System Replacement - 5% - 10 years

Airport Taxiways Enrichment 6% - 10 years

TOTAL AIRPORT DEBT SERVICING

Amount Borrowed

2017/18

2018/19

2019/20

2020/21

2021/22

2022/23

2023/24

2024/25

2025/26

2026/27

2027/28

TOTALS

380,000 Interest

19,000

17,489

15,903

14,238

12,489

10,653

8,725

6,701

105,199

Principal

30,212

31,722

33,308

34,974

36,723

38,559

40,487

42,511

288,495

49,212

393,694

Interest

19,250

17,720

16,113

14,425

12,654

10,793

8,840

99,794

Principal

30,609

32,140

33,747

35,434

37,206

39,066

41,019

249,221

49,859

349,015

Interest

22,800

21,070

19,237

17,293

80,400

Principal

28,830

30,560

32,393

34,337

126,119

51,630

206,519

Interest

463,820

501,489

523,822

481,676

435,628

364,784

290,289

232,472

165,416

106,087

58,772

3,624,254

Principal

602,335

843,172

1,039,817

1,131,175

1,227,082

1,297,926

1,372,421

1,372,542

1,111,619

1,170,948

589,413 11,758,450

1,066,155

1,344,661

1,563,639

1,612,851

1,662,710

1,605,014

1,277,035

648,185 15,382,704

Interest

48,510

44,376

40,491

36,240

31,700

26,861

21,842

16,164

10,347

4,094

280,625

Principal

56,549

60,683

64,568

68,819

73,359

78,198

83,217

88,895

94,712

100,965

769,965

105,059

1,050,590

385,000

380,000

14,386,288

Stormwater Levy Debt Servicing 2011/12

Remediate Wollundry Lagoon 6.44% - 15 years

TOTAL STORMWATER LEVY DEBT SERVICING

1,005,000

WAGGA WAGGA CITY COUNCIL LONG TERM FINANCIAL PLAN

Appendix 7 - External Loan Projects and Debt Servicing continued BORROW YEAR

CAPITAL PROJECT

Amount Borrowed

2017/18

2018/19

2019/20

2020/21

2021/22

2022/23

2023/24

2024/25

2025/26

2026/27

2027/28

TOTALS

2,319,305

2,269,721

2,216,438

2,159,180

2,097,651

2,031,531

1,960,479

1,884,127

1,802,078

1,713,909

1,619,162 22,073,582

664,659

714,243

767,526

824,784

886,313

952,433

1,023,485

1,099,837

1,181,886

1,270,055

1,364,802 10,750,022

2,983,964

2,983,964 32,823,604

Interest

3,467,811

3,593,503

3,666,823

3,562,868

3,348,050

3,143,480

2,877,752

2,746,250

2,494,867

2,242,292

2,007,659 33,151,355

Principal

2,473,350

3,129,777

3,666,593

4,056,703

4,321,334

4,713,671

4,550,139

4,419,942

4,218,443

4,535,944

3,149,330 43,235,227

5,941,161

6,723,280

7,333,416

7,619,572

7,669,384

7,857,151

7,427,891

7,166,192

6,713,310

6,778,236

5,156,989 76,386,582

Sewer Fund Debt Servicing 2007/08

Sewer 2010 - 7.1% - 30 years

36,000,000 Interest Principal

TOTAL SEWER DEBT SERVICING CONSOLIDATED DEBT SERVICING

81,161,511

Appendix 8a - One-Off Capital Projects 2018/19 - 2027/28 Ref

Project Title

Funding Source

2018/19

2019/20

2020/21

2021/22

1,324,500

1,246,000

2022/23

2023/24

2024/25

2025/26

2026/27

2027/28

Financial Sector 1

South Estella Park - Embellishment of S94* (New Plan still to open space be adopted) (OS28)

Estella - Neighbourhood Open Space S94* Works - Walking Path

Jubilee Park - Replace existing synthetic surfaces at the Jubilee Park Hockey Complex

Hockey Assoc Contrib $200,000 + Infrastructure Reserve $200,000 + Borrowings $225,000

Replace Softfall - Botanic Gardens Adventure Playground

GPR

Exhibition Centre - Kooringal Road Exit

Borrowings (GPR Future Years Loan Repayments)

Active Transport Plan - 5 corridors totalling 45 kilometres

Grant Funding

Lineal Park Boorooma (Promenade - Amundsen) - Corridor Recreation Improvements

S94*

245,000

Construction of Mt Austin Neighbourhood Park (Harris Park OS10)

S94A*

161,000

Remediate Lake Albert Foreshore, Eastlake Dr Reserve

GPR $28,000 (Tfrd from Renew Rec Facilities budget) + $83,835 RMS Grant Funds

111,835

Riverside - Hampden Bridge Legacy Project

Grant Funding $75,067 + GPR Carryover Reserve $259,933

335,000

GPR Carryover Reserve $495 + Grant $20,000 + Parks & Rec Reserve $49,500

69,995

11 Uranquinty Skate Park

31,816

625,000

84,840 177,000

1,598,157

5,676,300

WAGGA WAGGA CITY COUNCIL LONG TERM FINANCIAL PLAN

Appendix 8a - One-Off Capital Projects 2018/19 - 2027/28 continued Ref

Project Title

12 Video Conferencing Hardware

Funding Source Information Services Reserve

Total Capital Works - Financial Sector

2018/19

2019/20

2020/21

2021/22

2022/23

2023/24

2024/25

2025/26

2026/27

2027/28

7,984,297

1,324,500

1,246,000

10,000 6,817,946

Community Sector Art Gallery Customer Service 13 Infrastructure - Upgrade Customer Service Desk

Art Gallery Reserve

11,110

GPR

30,097

15 Public Art - Living Spaces

Public Art Reserve

35,000

16 Public Art - Living Communities

Public Art Reserve

10,000

17 Public Art - Living Lights - Nightlights

Public Art Reserve

20,200

Public Art - Living Lights - Brightlights Public Art Reserve - Youth based projection program

10,100

Art Gallery Lighting Stopgap - 30 spotlights

19 Public Art - River Life

Public Art Reserve

Contrib (Riv Water/ Birramal Conservation Area Lookout - Origin Energy) $60K 20 Walking Track + Env Conservation Reserve $20K Marrambidya Wetland Walking Track 21 Extension

Contrib (Origin Energy) $30K + GPR $14K (tfrd from Biodiversity Project)

Total Capital Works - Community Sector

52,083 80,295

44,440 241,242

75,300

127,383

Commercial Operations Sector Lawn Cemetery Master Plan Stage 22 2A Works - New burial area, outdoor chapel and water feature 23

Wagga Wagga Lawn Cemetery & Crematorium Office Refurbishment

Borrowings (Cemetery Capital Reserve Future Years Loan Repayments) Cemetery Capital Reserve

750,000

500,000

Appendix 8a - One-Off Capital Projects 2018/19 - 2027/28 continued Ref 24

Project Title Wagga Wagga Lawn Cemetery & Crematorium Furnace Reline

Parks Smart Irrigation Pilot - To 25 assess the water saving capabilities of the irrigation system 26

Amundsen Bridge - Boorooma East to Boorooma

Sewer - Pump Station - SPS02 27 Forsyth Street - Renewals Refurbishment of current wells

Funding Source Cemetery Capital Reserve Internal Loans Reserve (Water savings payback - 2 Year Loan Repayments) S94*

2018/19

2019/20

2020/21

2021/22

Sewer - Pump Station - SPS06 Shaw Sewer Reserve Street - Renewals

Sewer - Pump Station - SPS09 Cartwrights Hill - Renewals

Sewer Reserve

Sewer - Pump Station - SPS23 30 Ashmont - New Assets - New pump station and rising main

Sewer Reserve

Sewer - Pump Station - SPS24 31 Lakehaven West - New Assets Pump replacement and upsizing

Sewer Reserve

Sewer - Pump Station - SPS39 32 Copland Street - New Assets - New pump station

Sewer Reserve

Sewer - Pump Station - SPS41 33 Glenfield East - New Assets - New pump station

Sewer Reserve

Sewer Treatment Works - Forest Hill Plant - New Assets

Sewer Reserve

Sewer - Pump Station - SPS31 Uranquinty - Renewals

Sewer Reserve

2024/25

2025/26

2026/27

2027/28

50,500

505,000 600,000 280,000 50,000 1,270,543

200,000

822,870

61,421

414,910

100,000

Sewer - Pump Station - SPS49 34 Springvale - New Assets - New pump Sewer Reserve station 35

2023/24

100,000

Sewer Reserve

2022/23

1,710,893

1,076,386

15,352

581,105

1,193,677 520,000

WAGGA WAGGA CITY COUNCIL LONG TERM FINANCIAL PLAN

Appendix 8a - One-Off Capital Projects 2018/19 - 2027/28 continued Ref

Project Title

Sewer - Pump Station - SPS 08 Boorooma - Increase Pump Capacity

Funding Source

2018/19

Sewer Reserve

76,689

Sewer - Pump Station - SPS 08 38 Boorooma - Emergency/Wet Weather Sewer Reserve Detention STG

254,414

Sewer - Ashmont SPS, Rising Main & Sewer Reserve Gravity Main Upgrade

Re-use Water - Additional 40 infrastructure to meet quality requirements 41

Automation of Pump Stations Variable Speed Drive Installation

100,000

2021/22

554,671 1,224,096

150,000

Sewer - Pump Station - SPS22 42 Elizabeth Avenue, Forest Hill - New Assets

Sewer Reserve

700,000

Sewer - Pump Station - SPS01 + 43 SPS02 Sewer Rising Main Network Diversion

Sewer Reserve

801,984

Sewer - Pump Station - SPS30 Bomen - New Assets

Sewer Reserve

1,830,000

Sewer - Pump Station - SPS15 Hammond Avenue - Renewals

Sewer Reserve

1,580,000

Upgrade Airconditioning - Civic Centre

S94* Civic Building Recoupment

990,599

Civic Building Energy Efficiency Project - Civic Building Solar Panels

Sustainable Energy Reserve

125,000

Buildings - Civic Theatre - AirConditioning Upgrade

Civic Theatre Operating Reserve $151,500 + GPR $151,500

Accessible Adult Changeroom Stage 2

GPR

191,891

Civic Centre S94 Recoupment (CR2)

115,988

2020/21

Sewer Reserve Sewer Reserve

Civic Centre Entrance Canopy - To 50 protect from weather and better identify the building entrance

2019/20

150,000

250,000

303,000

250,000

2022/23

2023/24

2024/25

2025/26

2026/27

2027/28

Appendix 8a - One-Off Capital Projects 2018/19 - 2027/28 continued Ref

Project Title

Funding Source

2018/19

51 Survey Equipment

Plant Reserve

52 Lake Albert Control Gates

Internal Loans Reserve

230,000

53 New Footpaths

GPR Carryover Reserve

100,000

54 Equex Multi Purpose Stadium

NSRF Grant $2,681,359 + Borrowings $1,691,321 + Netball Contribution $125,000

4,497,680

55 Eunony Bridge Replacement

Grant $9,813,000 + GPR Carryover Reserve $42,380

9,855,380

Upgrade Main City (1 in 100) + North Wagga (1 in 20) Levee Systems

Special Rate Variation (SRV) $6.5M + Grant $13.4M + GPR $0.1M

Total Capital Works - Commercial Operations Sector

2019/20

2020/21

2021/22

2022/23

2023/24

2024/25

2025/26

50,000

10,062,609

4,871,590

5,115,169

34,681,954

6,647,460

7,880,734

2026/27

2027/28

50,000

3,391,903

1,030,262

1,101,105

550,000

Commercial Development Sector 57 GWMC - Road Rehabilitation

Solid Waste Reserve

300,000

GWMC - Progressive Site Rehabilitation

Solid Waste Reserve

230,000

GWMC - Purchase of Large Cardboard Compactor

Solid Waste Reserve

250,000

Solid Waste Reserve

1,493,270

Solid Waste Reserve

200,000

60 GWMC - Additional Leachate Pond 61

GWMC - Hard Stand for Landfill Sorting

62 LMC CCTV & security (partial)

LMC Reserve

63 LMC new sheep drafts

LMC Reserve

461,298

64 LMC new sheep stacking pens

LMC Reserve

83,467

65 LMC new sheep delivery pens

LMC Reserve

2,274,496

LMC Light Vehicle Traffic Management

LMC Reserve

41,734

1,307,660 WAGGA WAGGA CITY COUNCIL LONG TERM FINANCIAL PLAN

Appendix 8a - One-Off Capital Projects 2018/19 - 2027/28 continued Ref

Project Title

67 LMC new circulating road (partial) 68

Funding Source

Implement a Wifi Network throughout LMC Reserve the LMC Operational Area

69 Airport - Bays 1-3 Upgrade

Airport - Car park system 70 replacement

External Borrowings (Airport Reserve Future Years Loan Repayments)

Airport - Reseal Don Kendell and 71 Welsh Drives

External Borrowings (Airport Reserve Future Years Loan Repayments)

Borrowings (Airport Airport - Redevelop terminal - Internal Reserve - Future Years Baggage Claim and Retail Section Loan Repayments)

222,200

380,000

385,000

216,645

1,000,000

Grant

74 Airport - Lighting Cabinet Upgrade

Borrowings (Airport Reserve - Future Years Loan Repayments)

98,909

75 Airport - Runway Lighting Upgrade

Borrowings (Airport Reserve - Future Years Loan Repayments)

416,000

Borrowings (Airport 76 Airport - Carpark Equipment Upgrade Reserve - Future Years Loan Repayments)

44,550

77 Airport - Taxiway C shoulders

36,000

Oasis - Tile Repairs & Floor Resurfacing

2020/21

Airport Reserve Oasis Building Renewal Reserve $121,000 + Grant $169,000

2021/22

2022/23

2023/24 2,086,693

Airport - Design + Construct 73 Upgrade to Code C: Taxiways A, B, D, E

2019/20

LMC Reserve

External Borrowings (Airport Reserve Future Years Loan Repayments)

2018/19

2,350,000

290,000

2024/25

2025/26

2026/27

2027/28

Appendix 8a - One-Off Capital Projects 2018/19 - 2027/28 continued Ref

Project Title

Funding Source

2018/19

2019/20

2020/21

79 Oasis - Diving Board Replacements

Oasis Building Renewal Reserve

80 Oasis - Filter Sand for All Pools

Oasis Plant Reserve

Oasis - Chemical Controller Equipment (All Pools)

Oasis Plant Reserve

130,000

Oasis - Circulation pumps (All Pools) Oasis Plant Reserve Replacement

145,000

Oasis - Chlorine & Acid pumps (All Pools) - Replacement

Oasis Plant Reserve

Oasis - Pool Heating Systems (All Pools)

Oasis Plant Reserve

Total Capital Works - Commercial Development Sector TOTAL LTFP CAPITAL PROGRAM

2021/22

2022/23

2023/24

2024/25

2025/26

2026/27

2027/28

30,300 195,000

60,000 200,000 6,847,574

610,300

720,000

2,819,261

3,931,087

48,588,716 15,317,357 10,052,617

4,637,903

3,849,523

5,032,192

550,000

* Timing of project is subject to receipt of sufficient Section 94, Section 94A and DSP funds

WAGGA WAGGA CITY COUNCIL LONG TERM FINANCIAL PLAN

Appendix 8b - Recurrent Capital Projects 2018/19 - 2027/28 Ref

Project Title

Funding Source

2018/19

2019/20

2020/21

2021/22

2022/23

2023/24

2024/25

2025/26

2026/27

2027/28

Financial Sector 1

Implement Sportsgrounds Lighting Program Anderson Oval (Mt Austin)

GPR $180,000 + Contrib $144,500

Implement Sportsgrounds Lighting Program - Frenchs Field (Mt Austin)

GPR $180,000 + Contrib $122,500

Implement Sportsgrounds Lighting Program Estella

GPR $180,000 + Contrib $150,000

Implement Sportsgrounds Lighting Program Jack Misson Oval (Ashmont)

GPR $180,000 + Contrib $144,500

Renew Recreational GPR Assets

Renew Parks Facilities

Renew Playground Equipment

324,500

302,500

330,000

324,500

22,497

23,397

24,333

25,306

26,319

27,371

28,466

29,605

30,789

32,021

GPR

122,533

127,434

132,532

137,833

143,346

149,080

155,043

161,245

167,695

174,403

GPR

325,000

100,000

160,000

40,000

20,000

80,000

180,000

340,000

281,000

300,000

Renew Recreational GPR Facilities

116,383

150,158

156,164

162,411

168,907

175,664

182,690

189,998

197,598

205,502

Replace Plant and Equipment

Plant Reserve $2.43M + Plant Sales $0.93M (amounts vary each fin yr)

3,378,500

2,427,600

4,549,000

4,946,500

2,503,000

4,121,100

5,420,200

3,645,200

3,871,000

2,684,600

18/19 - GPR $695,000 Corporate Hardware + Information Services Purchases Reserve $100,000, 19/20 onwards - GPR

795,000

433,000

645,000

757,000

415,000

395,000

393,000

910,000

732,000

450,000

4,759,913

3,564,090

5,991,529

6,399,050

3,601,072

4,948,215

6,359,400

5,276,048

5,280,082

3,846,525

Total Capital Works - Financial Sector 62

Appendix 8b - Recurrent Capital Projects 2018/19 - 2027/28 continued Ref

Project Title

Funding Source

2018/19

2019/20

2020/21

2021/22

2022/23

2023/24

2024/25

2025/26

2026/27

2027/28

Community Sector 11

Upgrade of Backstage Equipment - Civic Theatre

GPR

11,249

11,699

12,167

12,653

13,159

13,686

14,233

14,802

15,394

16,010

Acquire pieces for the Australian Print Collection

GPR

8,874

9,189

9,517

9,857

10,212

10,580

10,963

11,362

11,776

12,207

Acquire pieces for the National Art Glass Collection

GPR

22,185

22,973

23,791

24,643

25,529

26,450

27,408

28,404

29,440

30,518

42,308

43,860

45,475

47,154

48,900

50,716

52,604

54,568

56,611

58,735

Total Capital Works - Community Sector Commercial Operations Sector 14

Upgrade Existing Bus Shelters

Implement unfunded Traffic Committee GPR resolutions as adopted by Council

50,000

Implement Street Lighting Improvements Program - Roads and Traffic Facilities (as per schedule)

GPR

50,000

Capital renewal reseal program

GPR + Regional Roads Block Grant $313,892 (incrementing 3% each yr)

1,656,715

1,729,233

1,807,233

1,891,210

1,981,709

2,076,539

2,176,212

2,274,142

2,376,478

2,471,538

Conduct Urban Asphalt Program

GPR

786,313

818,440

851,852

886,599

922,737

960,320

999,406

1,040,041

1,082,297

1,125,589

GPR

20,000

WAGGA WAGGA CITY COUNCIL LONG TERM FINANCIAL PLAN

Appendix 8b - Recurrent Capital Projects 2018/19 - 2027/28 continued Ref

Project Title

Funding Source

2018/19

2019/20

2020/21

2021/22

2022/23

2023/24

2024/25

2025/26

2026/27

2027/28

3,181,543

3,326,060

3,481,553

3,649,011

3,829,525

4,018,713

4,209,302

4,381,282

4,560,126

4,742,531

Pavement Rehabilitation Program

2018/19 -R2R Grant $841,526 + Regional Roads Block Grant $571,298 + GPR Balance, 2019/20 onwards -R2R + Regional Roads Block Grants (R2R 3% + Block 2% increment each year) + GPR Balance

Replace Kerb and Gutter

GPR

455,215

474,038

493,614

513,973

535,147

557,167

580,067

603,870

628,622

653,767

Gravel Resheets

GPR

1,548,264

1,614,079

1,682,525

1,753,709

1,827,738

1,904,728

1,984,797

2,067,981

2,154,476

2,240,655

Renew and Replace GPR Culverts

551,650

575,261

599,816

625,353

651,911

679,531

708,256

738,094

769,119

799,884

Eliminate Sewer Joint Connections

Sewer Reserve

50,750

51,511

52,284

53,068

53,864

54,672

55,492

56,325

57,169

58,027

Implement renewal program for Gravity Sewer

Sewer Reserve

137,917

142,055

146,316

150,706

155,227

159,884

164,680

169,621

174,709

179,950

Implement Sewer Mains Rehabilitation Sewer Reserve Program

1,236,000

1,273,080

1,311,272

1,350,611

1,391,129

1,432,863

1,475,849

1,520,124

1,565,728

1,612,700

Replacement and Renewal of Sewer Plant

51,511

52,284

53,068

53,864

54,672

55,492

56,325

57,169

58,027

58,897

Renew Community Amenities - Frenchs GPR Fields

Renew Community Amenities Anderson Oval

GPR

Norman Duck Amenities Upgrade

GPR

Sewer Reserve

208,668

214,928 137,360

Appendix 8b - Recurrent Capital Projects 2018/19 - 2027/28 continued Ref

Project Title

Funding Source

Renew Community Amenities - Kessler Park

GPR

Renew Community Amenities - Forest Hill Oval

GPR

Renew Community Amenities Uranquinty Sports Ground

GPR

Renew Community Amenities - Jubilee/ Connolly Park

GPR

Renew Community Amenities - Gissing Oval

GPR

Renew Community Amenities - Tarcutta GPR Public Convenience

Renew Community Amenities - Apex Park

2018/19

2019/20

2020/21

2021/22

2022/23

2023/24

2024/25

2025/26

2026/27

2027/28

221,375

228,016

234,856

241,901

249,158

256,633

GPR

264,332

Total Capital Works - Commercial Operations Sector

9,964,548

10,390,969

10,716,894

11,269,480

11,731,675

12,254,764

12,752,287

13,277,807

13,783,386

14,327,871

TOTAL LTFP CAPITAL PROGRAM

14,766,768

13,998,919

16,753,898

17,715,683

15,381,647

17,253,695

19,164,291

18,608,423

19,120,078

18,233,131

* Timing of project is subject to receipt of sufficient Section 94, Section 94A and DSP funds

WAGGA WAGGA CITY COUNCIL LONG TERM FINANCIAL PLAN

Appendix 8c - Capital Program Potential Projects List 2018/19 - 2027/28 The principles established to determine the treatment and categorisation of capital works projects into the potential projects list includes any projects that are pending development; unclear project description; projects that have not yet commenced; or projects where joint funding has not yet been confirmed. Projects can be transferred from the potential projects list to the capital works delivery program during the 2018/19 financial year via budget variations presented to Council monthly for adoption. Ref

Project Title

Funding Source

2018/19

2019/20

2020/21

2021/22

2022/23

2023/24

2024/25

2025/26

2026/27

2027/28

Financial Sector 1

Riverside Wagga - Wagga Beach S94* (New Plan still to be Landscape Upgrade Stage 2 adopted)

841,753

Riverside - Wagga Beach Car Park upgrade including CCTV and lighting

CBD Carparking Reserve $110,302 + Grant funding $224,165

334,466

Constuct a Multisport Cycling Complex at Pomingalarna Reserve

S94* (New Plan still to be adopted)

400,000

800,000

Northern Sporting Precinct - Sports grounds and play equipment

S94* Plan $5,979,000 (New Plan still to be adopted) + GPR $199,643 + S94 (Old Plan) $121,838 + Estella Community Centre Reserve $178,519 + Borrowings $100,000 (GPR - Future Years Loan Repayments)

1,800,000

3,200,000

1,579,000

Implement Sportsgrounds Lighting Program - McPherson Oval (Nth Wagga)

GPR $180,000 + Contrib $177,000

Implement Sportsgrounds Lighting Program - Harris Park (Mt Austin)

GPR $180,000 + Contrib $282,000

Total Potential Projects - Financial Sector

841,753

357,000

462,000 3,376,219

5,303,753

2,736,000

45,000

Community Sector 7

Public Art Projects - TBA

Public Art Reserve

Total Potential Projects - Community Sector

Appendix 8c - Capital Program Potential Projects List 2018/19 - 2027/28 continued Ref

Project Title

Funding Source

2018/19

2019/20

2020/21

2021/22

1,408,775

2022/23

2023/24

2024/25

2025/26

2026/27

2027/28

Commercial Operations Sector 8

Glenfield Road Corridor – Works to improve traffic flow (RT16)

S94*

390,000

Glenfield Road/Pearson St - Red Hill Rd to Dobney Ave Widening S94* to 4 lanes (Full length-3 km)

90,000

150,000

1,144,272

Bakers Lane Widening + 10 Intersection Upgrades Sturt Hwy S94* & Inglewood Rd)

341,945

Kooringal Road - Works to improve traffic flow (RT30)

S94*

90,000

Old Narrandera Road - Second Carriageway for 600m

2018/19 - S94* $90,000 + 2020/21 - S94* $637,428 + 2021/22 - S94A* $100,000

90,000

637,428

Old Narrandera Road/Olympic Highway Intersection

2018/19 - S94* $90,000 + 2020/21 - S94A* $100,000 + S94* $477,886

90,000

577,886

14 Pine Gully Road Roundabout

S94*

15 Pine Gully Road - Bike Track

S94*

30,000 90,000

Pine Gully Road - Second Carriageway for 1.2km

2018/19 - S94 $90,000 + 2023/24 - S94A* $100,000 + S94* $1,740,965

Pine Gully Road/Old Narrandera Road - Intersection Upgrade

S94*

Red Hill Rd – Widen to 4 lanes Plumpton Rd to Glenfield Plus 18 widening at Dalman & Yentoo 2.7km

1,079,768

200,000

180,000

100,000

1,300,000 96,510 1,840,965

877,439

S94*

144,790

Red Hill Road and Hudson Drive – Intersection improvements

S94*

10,000

Boorooma Street Slip Lane into Boorooma West

S94*

297,000

Bourke Street and Bourkelands Drive Intersection Upgrade

S94*

100,000

620,475

100,000

91,164

WAGGA WAGGA CITY COUNCIL LONG TERM FINANCIAL PLAN

Appendix 8c - Capital Program Potential Projects List 2018/19 - 2027/28 continued Ref

Project Title

Funding Source

2018/19

Red Hill Rd â&#x20AC;&#x201C; Widen to 4 lanes Plumpton Rd to Glenfield Plus 22 widening at Dalman & Yentoo 2.7km

S94*

90,000

Harris Road/Pine Gully Road Dual Lane Roundabout

S94*

1,201,000

Fit for the Future Reserve $4,392,066 + S94 $1,620,000 + Infrastructure Reserve $107,934

6,120,000

24 Farrer Road Improvements

2019/20

2020/21

2021/22

2022/23

2023/24

2024/25

2025/26

2026/27

2027/28

Supplementary Regional Roads Block Grant - project TBA

Block Grant -Supp

199,000

Regional Roads Repair Block Grant - project TBA

Repair Block Grant

400,000

Implement Pedestrian Access and Mobility Program (PAMP)

Grant $42,000 + GPR $42,000

84,000

Grant $30,000 + GPR $30,000

60,000

100,000

597,803

265,494

28 Implement Cycleways 29

Sewer - Gravity Network Extension - New Assets

Sewer Reserve

195,000

Sewer - Pump Station - SPS15 Sewer Reserve Hammond Avenue - New Assets

130,000

Renew Sewage Treatment Works Sewer Reserve - Tarcutta

95,000

Implement Stormwater Drainage Improvements - Jubilee Oval to 32 Red Hill Rd - Wagga West DSP Area

Stormwater DSP * $265,580 + Civil Projects Reserve $24,000

289,580

Undertake Stormwater Drainage Stormwater DSP * $119,102 Upgrade - Contour Ridge (Lloyd) 33 + Stormwater Drainage approx 5 km - Wagga West DSP Reserve $9,600 Area

128,702

Undertake Stormwater Drainage Stormwater DSP * $248,129 34 Upgrade - Day, Higgins, Tarcutta + Stormwater Drainage St - Wagga West DSP Area Reserve $20,000

268,129

Appendix 8c - Capital Program Potential Projects List 2018/19 - 2027/28 continued Ref

Project Title

Improve Stormwater drainage - Kincaid St end to Flowerdale 35 pumping station - Wagga West DSP Area 36

Stormwater DSP Project Allocation - TBA

Funding Source

2018/19

2019/20

Stormwater DSP * $771,200 + Civil Projects $28,800

2020/21

2022/23

2023/24

2024/25

2025/26

2026/27

2027/28

800,000

Stormwater DSP*

500,000

Glenfield Road Drainage 37 Remediation (North of Fernleigh Rd)

Stormwater DSP* $1,000,000 + Stormwater Levy $500,000

38 Murray St Stormwater Project

Stormwater Levy

200,000

500,000

216,350

2,000,000

1,459,350

5,083,965

2,472,768

2,532,062

1,863,475

1,684,945

200,000

6,000,000

1,500,000

Tarcutta Drainage Upgrade & Supplementary Levee

RMS Contrib- ution

406,000

Civic Building Energy Efficiency Project - Library Lights

S94* Civic Building Recoupment

28,000

Civic Building Energy Efficiency 41 Project - Historic Council Chambers Lights

S94* Civic Building Recoupment

88,809

Civic Building Energy Efficiency 42 Project - Art Gallery & Glass Gallery Lights

S94* Civic Building Recoupment

399,278

43 Bolton Park Stadium Upgrade

Borrowings $1,847,693 + S94* $68,657 + Royal Lifesaving NSW Contrib $300,000

Total Potential Projects - Commercial Ops Sector

2021/22

3,000,000

12,653,088

5,011,603

150,000

4,242,000

6,847,813

3,017,269

Commercial Development Sector GWMC - Construction of a 44 new Waste Cell (Design + Construction)

Solid Waste Reserve

45 GWMC - Weighbridge Relocation Solid Waste Reserve GWMC - Asset Renewals 46 (Transfer Stations, Leachate systems) 47

GWMC - Renewal of the Rural Transfer

500,000

Solid Waste Reserve Solid Waste Reserve

200,000 400,000 WAGGA WAGGA CITY COUNCIL LONG TERM FINANCIAL PLAN

Appendix 8c - Capital Program Potential Projects List 2018/19 - 2027/28 continued Ref 48

Project Title GWMC - Alternate Waste Treatment Facility

Funding Source

2018/19

Solid Waste Reserve

1,735,000

49 GWMC - Constuct RRC

Solid Waste Reserve

1,700,000

50 GWMC - Solar Panels

Solid Waste Reserve

30,000

GWMC - Gas Flare Extension Mini Station

Solid Waste Reserve

40,000

GWMC - Organic Processing Plant

Solid Waste Reserve

3,000,000

GWMC - Transfer Station Asphalting

Solid Waste Reserve

125,000

Solid Waste Reserve

50,000

54 GWMC - Office Space 55

Solid Waste Reserve GWMC - Establish a Community $73,514 + Grant funding Recycling Centre (CRC) $200,000

273,514

GWMC - Establish an Automated Solid Waste Reserve Partner Site for CDS

273,267

GWMC - Benevap Leachate Evaporation Unit

Solid Waste Reserve

GWMC - Purchase the gas flare 58 and assets from AGL and extend Solid Waste Reserve the gas capture infrastructure

2019/20

2021/22

2022/23

2023/24

2024/25

2025/26

2026/27

2027/28

221,217 450,000

Airport - Taxiways A, B, D, E, F enrichment

2022/23 - External Borrowings (Airport Reserve - Future Years Loan Repayments) + 2023/24 Airport Reserve

Oasis Initiatives from the Energy Audit Review

Oasis Plant Reserve

500,000

61 Oasis Water Slide

S94* - Oasis Recoupment

850,000

62 Oasis Splash Pad water feature

S94* - Oasis Recoupment

680,000 4,463,217

380,000

Total Potential Projects - Commercial Dev Sector

10,256,781

500,000

200,000

580,000

6,380,000

TOTAL LTFP POTENTIAL PROJECTS

26,286,088 14,778,573 10,083,813

3,262,269

1,504,350

5,708,965

8,897,768

2,577,062

1,908,475

1,729,945

* Timing of project is subject to receipt of sufficient Section 94, Section 94A and DSP funds 70

2020/21

Appendix 9 - Wagga Wagga Regional Airport Ten Year Financial Plan BUDGET 2018/19

Estimated Reserve Balance at start of the year

BUDGET 2019/20

BUDGET 2020/21

BUDGET 2021/22

BUDGET 2022/23

BUDGET 2023/24

BUDGET 2024/25

BUDGET 2025/26

BUDGET 2026/27

BUDGET 2027/28

527,798

686,250

715,875

698,507

677,782

584,603

589,973

284,508

697,454 1,076,867

(4,195,128)

(4,299,653)

(4,407,104)

(4,517,584)

(4,631,200)

(4,748,068)

(4,868,304)

(4,992,036)

(5,145,306)

(5,277,280)

(260,664)

(267,166)

(273,134)

(279,945)

(286,926)

(294,080)

(301,413)

(308,934)

(321,467)

(331,735)

Grants & Contributions provided for Capital Purposes

(2,350,000)

Revenue From Continuing Operations

(6,805,792) (4,566,819) (4,680,238) (4,797,529) (4,918,126) (5,042,148) (5,169,717) (5,300,970) (5,466,773) (5,609,015)

Revenue From Continuing Operations User Charges & Fees Other Revenues

Expenses From Continuing Operations Employee Benefits & On-Costs

494,524

514,070

534,394

555,529

577,506

600,359

624,124

648,835

671,469

697,848

Borrowing Costs

504,087

526,174

483,778

437,477

366,376

291,621

233,539

166,214

106,613

59,021

Materials & Contracts

2,080,555

2,115,390

2,184,402

2,210,731

2,356,922

2,332,994

2,397,008

2,462,897

2,607,357

2,585,860

Depreciation & Amortisation

2,895,151

321,002

341,743

363,857

387,434

412,575

439,382

467,970

498,458

530,973

565,654

6,295,318

6,392,527

6,461,582

6,486,322

6,608,530

6,559,507

6,617,791

6,671,555

6,811,562

6,803,534

(510,474)

1,825,708

1,781,344

1,688,794

1,690,403

1,517,359

1,448,074

1,370,585

1,344,789

1,194,518

1,839,526

1,825,708

1,781,344

1,688,794

1,690,403

1,517,359

1,448,074

1,370,585

1,344,789

1,194,518

4,162,104

380,000

385,000

380,000

843,172

1,039,817

1,131,175

1,227,082

1,297,926

1,372,421

1,372,542

1,111,619

1,170,948

589,413

(1,776,104)

(380,000)

(385,000)

(380,000)

176,452

29,626

(17,368)

(20,725)

(93,179)

5,370

(305,466)

412,947

379,413

1,111,220

Total Capital and Reserve Movements

3,405,625

1,069,443

1,113,807

1,206,357

1,204,747

1,377,791

1,447,076

1,524,566

1,550,361

1,700,632

Net Result

2,895,151

Other Expenses Expenses From Continuing Operations Net Operating (Profit)/Loss Net Operating Result before Grants and Contributions provided for Capital Purposes Capital and Reserve Movements Capital Expenditure - Renewals Capital Expenditure - Project Concepts Loan Repayments New Loan Borrowings Net Movements to/(from) Reserves

WAGGA WAGGA CITY COUNCIL LONG TERM FINANCIAL PLAN

Appendix 9 - Wagga Wagga Regional Airport Ten Year Financial Plan continued BUDGET 2018/19 Add back Depreciation Expense (non-cash)

BUDGET 2020/21

BUDGET 2021/22

BUDGET 2022/23

BUDGET 2023/24

BUDGET 2024/25

BUDGET 2025/26

BUDGET 2026/27

BUDGET 2027/28

2,895,151

686,250

715,875

698,507

677,782

584,603

589,973

284,508

697,454

1,076,867

2,188,087

Cash Budget (Surplus)/Deficit Estimated Reserve Balance at end of the year

BUDGET 2019/20

Appendix 10 - Livestock Marketing Centre Ten Year Financial Plan BUDGET 2018/19 Estimated Reserve Balance at start of the year

BUDGET 2019/20

BUDGET 2020/21

BUDGET 2021/22

BUDGET 2022/23

BUDGET 2023/24

BUDGET 2024/25

8,937,900 10,999,631 10,349,663

BUDGET 2025/26

BUDGET 2026/27

BUDGET 2027/28

4,394,024

5,540,787

7,125,371

9,212,338 11,661,546 14,231,757 16,928,323

(5,494,270)

(5,876,425)

(6,286,316)

(6,726,009)

(6,980,981)

(7,245,972)

(7,521,379)

(7,807,617)

(8,105,070)

(8,414,224)

(42,535)

(41,648)

(40,724)

(42,360)

(44,062)

(45,832)

(47,674)

(49,589)

(51,572)

(53,635)

Grants & Contributions provided for Operating Purposes

Grants & Contributions provided for Capital Purposes

Revenue From Continuing Operations Rates & Annual Charges User Charges & Fees Interest & Investment Revenue Other Revenues

Revenue From Continuing Operations

(5,536,805) (5,918,073) (6,327,040) (6,768,369) (7,025,043) (7,291,804) (7,569,053) (7,857,206) (8,156,642) (8,467,859)

Expenses From Continuing Operations Employee Benefits & On-Costs

1,121,635

1,166,308

1,212,767

1,261,082

1,311,327

1,363,579

1,417,920

1,474,431

1,532,756

1,593,410

2,836,784

2,944,909

3,065,803

3,195,075

3,278,467

3,347,041

3,401,980

3,493,970

3,588,875

3,687,039

Depreciation & Amortisation

634,857

657,077

727,558

864,167

Other Expenses

209,424

222,272

235,940

250,483

265,956

282,422

299,944

318,594

338,445

359,576

4,802,700

4,990,566

5,171,587

5,363,716

5,512,827

5,720,600

5,984,011

6,151,162

6,324,243

6,504,192

Net Operating (Profit)/Loss

(734,106)

(927,507)

(1,155,453)

(1,404,653)

(1,512,216)

(1,571,204)

(1,585,041)

(1,706,044)

(1,832,399)

(1,963,667)

Net Operating Result before Grants and Contributions provided for Capital Purposes

(734,106)

(927,507) (1,155,453) (1,404,653) (1,512,216) (1,571,204) (1,585,041) (1,706,044) (1,832,399) (1,963,667)

Borrowing Costs Materials & Contracts

Expenses From Continuing Operations

Appendix 10 - Livestock Marketing Centre Ten Year Financial Plan continued BUDGET 2018/19

BUDGET 2019/20

BUDGET 2020/21

BUDGET 2021/22

BUDGET 2022/23

BUDGET 2023/24

BUDGET 2024/25

BUDGET 2025/26

BUDGET 2026/27

BUDGET 2027/28

Capital and Reserve Movements Capital Expenditure - Renewals

83,467

Capital Expenditure - New Projects

222,200

2,819,261

3,352,620

Net Movements to/(from) Reserves

1,146,762

1,584,584

1,812,530

2,061,730

(649,968)

(1,137,325)

2,449,209

2,570,211

2,696,566

2,827,834

Total Capital and Reserve Movements

1,368,962

1,584,584

1,812,530

2,061,730

2,169,293

2,298,762

2,449,209

2,570,211

2,696,566

2,827,834

Net Result

634,857

657,077

727,558

864,167

Add back Depreciation Expense (non-cash)

634,857

657,077

727,558

864,167

5,540,787

7,125,371

Cash Budget (Surplus)/Deficit Estimated Reserve Balance at end of the year

8,937,900 10,999,631 10,349,663

9,212,338 11,661,546 14,231,757 16,928,323 19,756,158

Appendix 11 - Sewerage Services Ten Year Financial Plan Estimated Reserve Balance at start of the year

BUDGET 2018/19

BUDGET 2019/20

BUDGET 2020/21

BUDGET 2021/22

BUDGET 2022/23

BUDGET 2023/24

BUDGET 2024/25

BUDGET 2025/26

BUDGET 2026/27

BUDGET 2027/28

23,616,552

19,349,188

22,640,971

25,088,530

28,015,967

33,476,098

39,250,626

46,747,586

54,872,000

63,540,623

Revenue From Continuing Operations Rates & Annual Charges User Charges & Fees

(13,753,360)

(14,571,045) (15,437,416) (16,046,626) (16,679,956) (17,338,363) (18,022,843) (18,734,430) (19,474,201) (20,243,275)

(4,824,583)

(5,060,581)

(5,308,372)

(5,464,747)

(5,625,821)

(5,791,733)

(5,962,631)

(6,138,662)

(6,319,983)

(6,506,752)

Interest & Investment Revenue

(330,650)

(350,702)

(446,676)

(543,594)

(676,475)

(759,778)

(882,321)

(1,090,505)

(1,240,815)

(1,606,841)

Grants & Contributions provided for Operating Purposes

(152,860)

(162,032)

(171,754)

(178,624)

(185,769)

(193,200)

(200,928)

(208,965)

(217,323)

(226,016)

(1,305,000)

(1,319,000)

(1,301,000)

(1,315,000)

(1,330,000)

(1,349,000)

Grants & Contributions provided for Capital Purposes Revenue From Continuing Operations

(20,366,453)

(21,463,360) (22,665,218) (23,548,592) (24,498,021) (25,432,074) (26,417,722) (27,521,562) (28,601,323) (29,931,884)

Expenses From Continuing Operations Employee Benefits & On-Costs

2,236,064

2,324,638

2,416,749

2,512,539

2,612,154

2,715,748

2,823,479

2,935,513

3,052,021

3,173,183

Borrowing Costs

2,269,721

2,216,438

2,159,180

2,097,651

2,031,531

1,960,479

1,884,127

1,802,078

1,713,909

1,619,162

WAGGA WAGGA CITY COUNCIL LONG TERM FINANCIAL PLAN

Appendix 11 - Sewerage Services Ten Year Financial Plan continued BUDGET 2018/19

BUDGET 2019/20

BUDGET 2020/21

BUDGET 2021/22

BUDGET 2022/23

BUDGET 2023/24

BUDGET 2024/25

BUDGET 2025/26

BUDGET 2026/27

BUDGET 2027/28

Materials & Contracts

9,192,304

9,525,999

9,666,596

10,054,300

10,169,331

10,531,910

10,702,269

10,976,616

11,301,687

11,555,170

Depreciation & Amortisation

5,258,733

5,315,946

5,339,403

5,385,577

5,438,125

5,446,730

5,458,352

468,000

495,176

524,042

554,707

587,288

621,909

658,705

697,816

739,394

783,601

19,424,821

19,878,197

20,105,970

20,604,774

20,838,429

21,276,777

21,526,932

21,870,376

22,265,364

22,589,468

(941,631)

(1,585,163)

(2,559,248)

(2,943,819)

(3,659,593)

(4,155,298)

(4,890,791)

(5,651,186)

(6,335,960)

(7,342,415)

363,369

(266,163)

(1,258,248)

(1,628,819)

(2,329,593)

(2,806,298)

(3,541,791)

(4,302,186)

(4,986,960)

(5,993,415)

Capital Expenditure - Renewals

3,832,867

1,668,930

2,317,612

1,888,249

2,254,892

2,222,911

1,752,346

1,803,239

1,855,633

1,909,575

Capital Expenditure - New Projects

5,500,618

1,072,870

1,710,893

2,361,903

430,262

581,105

Capital Expenditure - Project Concepts

420,000

100,000

597,803

265,494

Loan Repayments

714,243

767,526

824,784

886,313

952,433

1,023,485

1,099,837

1,181,886

1,270,055

1,364,802

(4,267,364)

3,291,783

2,447,560

2,927,437

5,460,131

5,774,527

7,496,960

8,124,414

8,668,623

9,526,391

Total Capital and Reserve Movements

6,200,364

6,901,109

7,898,652

8,329,396

9,097,718

9,602,028

10,349,143

11,109,539

11,794,312

12,800,768

Net Result

5,258,733

5,315,946

5,339,403

5,385,577

5,438,125

5,446,730

5,458,352

Add back Depreciation Expense (non-cash)

5,258,733

5,315,946

5,339,403

5,385,577

5,438,125

5,446,730

5,458,352

19,349,188

22,640,971

25,088,530

28,015,967

33,476,098

39,250,626

46,747,586

54,872,000

63,540,623

73,067,015

Other Expenses Expenses From Continuing Operations Net Operating (Profit)/Loss Net Operating Result before Grants and Contributions provided for Capital Purposes Capital and Reserve Movements

Net Movements to/(from) Reserves

Cash Budget (Surplus)/Deficit Estimated Reserve Balance at end of the year

Appendix 12 - Solid Waste Services Ten Year Financial Plan BUDGET 2018/19 Estimated Reserve Balance at start of the year

BUDGET 2019/20

BUDGET 2020/21

BUDGET 2021/22

BUDGET 2022/23

5,908,960

7,872,777

BUDGET 2023/24

BUDGET 2024/25

BUDGET 2025/26

10,236,533

12,254,222

8,934,167

BUDGET 2026/27

BUDGET 2027/28

12,389,632

16,033,490

16,904,789

7,304,424

4,597,483

Rates & Annual Charges

(8,595,336)

(9,025,102)

(9,476,358)

(9,760,648) (10,053,468) (10,355,072) (10,665,724) (10,985,696) (11,315,266) (11,654,724)

User Charges & Fees

(3,965,407)

(4,113,547)

(4,267,298)

(4,426,876)

(4,592,504)

(4,764,233)

(4,942,845)

(5,140,858)

(5,346,416)

(5,547,002)

Interest & Investment Revenue

(79,836)

(91,300)

(108,292)

(124,307)

(143,437)

(161,156)

(184,432)

(215,391)

(245,080)

(278,401)

Other Revenues

(86,587)

(88,626)

(90,717)

(92,860)

(95,056)

(97,307)

(99,616)

(101,981)

(104,405)

(106,890)

Grants & Contributions provided for Operating Purposes

(114,100)

(119,805)

(125,795)

(129,569)

(133,456)

(137,460)

(141,584)

(145,831)

(150,206)

(154,712)

Grants & Contributions provided for Capital Purposes

(200,000)

Revenue From Continuing Operations

(13,041,265) (13,438,381) (14,068,460) (14,534,260) (15,017,921) (15,515,228) (16,034,200) (16,589,757) (17,161,373) (17,741,730)

Expenses From Continuing Operations Employee Benefits & On-Costs

1,255,964

1,306,106

1,358,253

1,412,487

1,468,889

1,527,548

1,588,553

1,651,998

1,717,981

1,786,603

10,937,608

10,351,703

10,873,067

10,930,842

11,156,623

11,439,708

11,733,690

11,448,445

11,763,738

12,090,779

775,424

886,484

1,742,258

903,858

2,103,858

23,006

24,296

25,664

27,114

28,652

30,283

32,013

33,849

35,796

37,863

12,992,002

12,568,589

13,999,242

14,112,700

14,396,422

14,739,797

14,258,113

15,238,149

15,621,373

16,019,102

Net Operating (Profit)/Loss

(49,262)

(869,792)

(69,218)

(421,559)

(621,499)

(775,431)

(1,776,087)

(1,351,607)

(1,540,000)

(1,722,628)

Net Operating Result before Grants and Contributions provided for Capital Purposes

150,738

(869,792)

(69,218)

(421,559)

(621,499)

(775,431)

(1,776,087)

(1,351,607)

(1,540,000)

(1,722,628)

230,000

300,000

Capital Expenditure - New Projects

1,943,270

Capital Expenditure - Project Concepts

8,226,781

4,463,217

500,000

200,000

6,000,000

(9,575,364)

(2,706,941)

1,311,476

1,963,817

2,363,757

2,017,689

(3,320,055)

3,455,465

3,643,858

3,826,486

824,687

1,756,276

1,811,476

2,163,817

2,363,757

2,517,689

2,679,945

3,455,465

3,643,858

3,826,486

Materials & Contracts Depreciation & Amortisation Other Expenses Expenses From Continuing Operations

Capital and Reserve Movements Capital Expenditure - Renewals

Net Movements to/(from) Reserves Total Capital and Reserve Movements

WAGGA WAGGA CITY COUNCIL LONG TERM FINANCIAL PLAN

Appendix 12 - Solid Waste Services Ten Year Financial Plan continued BUDGET 2018/19

BUDGET 2019/20

BUDGET 2020/21

BUDGET 2021/22

BUDGET 2022/23

BUDGET 2023/24

BUDGET 2024/25

BUDGET 2025/26

BUDGET 2026/27

BUDGET 2027/28

Net Result

775,424

886,484

1,742,258

903,858

2,103,858

Add back Depreciation Expense (non-cash)

775,424

886,484

1,742,258

903,858

2,103,858

7,304,424

4,597,486

5,908,960

7,872,777

10,236,533

12,254,222

8,934,167

12,389,632

16,033,490

19,859,976

BUDGET 2025/26

BUDGET 2026/27

BUDGET 2027/28

Cash Budget (Surplus)/Deficit Estimated Reserve Balance at end of the year

Appendix 13 - Stormwater Levy Ten Year Financial Plan BUDGET 2018/19 Estimated Reserve Balance at start of the year

BUDGET 2019/20

BUDGET 2020/21

BUDGET 2021/22

BUDGET 2022/23

BUDGET 2023/24

BUDGET 2024/25

3,076,184

2,914,153

Rates & Annual Charges

(693,027)

(700,527)

(708,027)

(715,527)

(723,027)

(730,527)

(738,027)

(745,527)

(753,027)

(760,527)

Revenue From Continuing Operations

(693,027)

(700,527)

(708,027)

(715,527)

(723,027)

(730,527)

(738,027)

(745,527)

(753,027)

(760,527)

Borrowing Costs

44,376

40,491

36,240

31,700

26,861

21,842

16,164

10,347

4,094

Materials & Contracts

50,000

509,621

602,968

610,468

617,968

625,468

632,968

640,468

647,968

760,527

Depreciation & Amortisation

Other Expenses

94,376

550,111

639,209

642,168

644,829

647,311

649,132

650,815

652,063

760,527

Net Operating (Profit)/Loss

(598,651)

(150,416)

(68,819)

(73,359)

(78,198)

(83,217)

(88,895)

(94,712)

(100,965)

Net Operating Result before Grants and Contributions provided for Capital Purposes

(598,651)

(150,416)

(68,819)

(73,359)

(78,198)

(83,217)

(88,895)

(94,712)

(100,965)

Capital Expenditure - Renewals

Capital Expenditure - New Projects

Revenue From Continuing Operations

Expenses From Continuing Operations Employee Benefits & On-Costs

Expenses From Continuing Operations

Capital and Reserve Movements

Appendix 13 - Stormwater Levy Ten Year Financial Plan continued BUDGET 2018/19 Capital Expenditure - Project Concepts

BUDGET 2019/20

BUDGET 2020/21

BUDGET 2021/22

BUDGET 2022/23

BUDGET 2023/24

BUDGET 2024/25

BUDGET 2025/26

BUDGET 2026/27

BUDGET 2027/28

200,000

3,000,000

60,683

64,568

68,819

73,359

78,198

83,217

88,895

94,712

100,965

New Loan Borrowings

Proceeds from Sale of intangible & tangible Assets

Net Movements to/(from) Reserves

337,968

(2,914,153)

Total Capital and Reserve Movements

598,651

150,416

68,819

73,359

78,198

83,217

88,895

94,712

100,965

Net Result

Add back Depreciation Expense (non-cash)

Cash Budget (Surplus)/Deficit

2,914,153

Loan Repayments

Estimated Reserve Balance at end of the year

Appendix 14 - Budgeted Income Statement by Function BUDGET 2018/19

BUDGET 2019/20

BUDGET 2020/21

BUDGET 2021/22

BUDGET 2022/23

BUDGET 2023/24

BUDGET 2024/25

BUDGET 2025/26

BUDGET 2026/27

BUDGET 2027/28

Revenue From Continuing Operations Governance

Administration

(1,182,106)

(1,153,741)

(1,152,582)

(1,151,129)

(1,149,579)

(1,147,809)

(1,150,204)

(1,155,379)

(1,161,369)

(1,167,539)

Public Order & Safety

(1,323,655)

(1,360,417)

(1,398,207)

(1,437,150)

(1,477,312)

(1,518,623)

(1,561,331)

(1,605,811)

(1,653,453)

(1,702,571)

(200,580)

(207,943)

(215,592)

(222,668)

(231,703)

(240,213)

(249,041)

(258,247)

(267,807)

(277,736)

(20,955,497)

(17,549,886)

(18,385,365)

(15,400,587)

(15,896,049)

(16,405,297)

(16,936,354)

(17,504,143)

(18,088,147)

(18,681,051)

Community Services & Education

(1,648,410)

(1,665,159)

(1,682,701)

(1,701,075)

(1,720,322)

(1,740,487)

(1,761,614)

(1,783,754)

(1,806,955)

(1,830,201)

Housing & Community Amenities

(6,443,027)

(6,100,470)

(6,218,734)

(6,339,829)

(6,469,066)

(6,600,952)

(6,744,422)

(6,901,791)

(7,062,595)

(7,278,598)

(20,366,453)

(21,463,360)

(22,665,218)

(23,548,592)

(24,498,021)

(25,432,074)

(26,417,722)

(27,521,562)

(28,601,323)

(29,931,884)

Recreation & Culture

(6,941,398)

(4,522,016)

(4,331,708)

(4,256,717)

(4,568,234)

(4,395,227)

(4,421,547)

(4,539,034)

(4,664,204)

(4,793,759)

Mining, Manufacturing & Construction

(1,492,704)

(1,566,522)

(1,644,007)

(1,725,343)

(1,810,721)

(1,900,343)

(1,994,420)

(2,091,207)

(2,198,322)

(2,312,881)

Health Environment

Sewerage Services

WAGGA WAGGA CITY COUNCIL LONG TERM FINANCIAL PLAN

Appendix 14 - Budgeted Income Statement by Function continued BUDGET 2018/19

BUDGET 2019/20

(25,706,333)

(13,694,855)

(8,204,414)

(8,396,149)

(8,593,251)

(8,795,898)

(9,004,272)

(9,218,574)

(9,469,733)

(9,680,949)

(6,566,214)

(6,902,218)

(7,320,316)

(7,826,394)

(8,055,722)

(8,345,714)

(8,696,802)

(8,958,300)

(9,286,754)

(9,673,765)

Revenue From Continuing Operations

(92,826,376)

(76,186,586)

(73,218,844)

(72,005,633)

(74,469,981)

(76,522,637)

(78,937,730)

(81,537,801)

(84,260,662)

(87,330,933)

General Purpose Income

(56,329,973)

(58,032,395)

(59,830,705)

(59,999,373)

(61,908,011)

(63,854,829)

(65,793,603)

(68,103,783)

(70,469,456)

(72,975,571)

Transport & Communication Economic Affairs

Total Revenue From Continuing Operations

BUDGET 2020/21

BUDGET 2021/22

BUDGET 2022/23

BUDGET 2023/24

BUDGET 2024/25

BUDGET 2025/26

BUDGET 2026/27

BUDGET 2027/28

(149,156,350) (134,218,981) (133,049,549) (132,005,006) (136,377,992) (140,377,466) (144,731,333) (149,641,584) (154,730,118) (160,306,503)

Expenses From Continuing Operations Governance

2,239,369

2,113,195

2,489,195

2,247,632

2,318,600

2,392,196

2,778,520

2,541,840

2,617,927

2,696,890

Administration

7,836,599

8,620,131

9,055,454

9,551,074

9,935,861

10,307,332

10,689,727

11,066,070

11,453,215

11,919,974

Public Order & Safety

2,990,251

3,030,285

3,114,584

3,193,355

3,279,059

3,367,803

3,464,120

3,559,953

3,661,879

3,767,367

Health

1,475,618

1,498,520

1,529,161

1,560,926

1,593,864

1,628,483

1,669,105

1,554,568

1,607,779

1,663,022

18,059,875

18,151,960

19,736,887

19,920,902

20,277,397

20,695,984

20,291,575

21,351,898

21,817,936

22,408,741

Community Services & Education

2,584,964

2,633,602

2,674,296

2,716,107

2,760,088

2,806,009

2,853,748

2,903,131

2,954,392

3,007,689

Housing & Community Amenities

6,728,061

7,011,125

7,145,444

7,424,640

7,771,100

8,103,855

8,391,932

8,756,164

9,074,729

9,445,093

Sewerage Services

19,424,821

19,878,197

20,105,970

20,604,774

20,838,429

21,276,777

21,526,932

21,870,376

22,265,364

22,589,468

Recreation & Culture

23,832,747

22,490,599

23,195,228

23,837,628

24,476,849

25,222,188

25,989,582

26,675,088

27,354,159

28,105,609

1,410,188

1,457,527

1,492,276

1,542,271

1,594,185

1,648,097

1,704,085

1,762,233

1,822,628

1,885,360

33,280,191

33,410,454

33,876,576

33,997,464

34,286,411

34,377,581

34,625,223

34,765,451

35,085,399

35,228,026

8,604,936

8,456,313

8,598,008

8,922,954

9,067,174

9,342,441

9,745,135

9,851,919

9,903,031

10,039,305

Expenses From Continuing Operations

128,467,620

128,751,908

133,013,079

135,519,726

138,199,019

141,168,745

143,729,682

146,658,692

149,618,439

152,756,544

Net Operating (Profit)/Loss

(20,688,730)

(5,467,073)

(36,470)

3,514,721

1,821,028

791,279

(1,001,650)

(2,982,892)

(5,111,680)

(7,549,959)

4,415,764

3,093,823

5,492,981

5,968,049

3,198,919

4,814,443

6,106,200

4,917,062

5,000,111

3,150,610

Environment

Mining, Manufacturing & Construction Transport & Communication Economic Affairs

Capital and Reserve Movements Governance Administration

Appendix 14 - Budgeted Income Statement by Function continued BUDGET 2018/19 Public Order & Safety

BUDGET 2019/20

BUDGET 2020/21

BUDGET 2021/22

BUDGET 2022/23

BUDGET 2023/24

BUDGET 2024/25

BUDGET 2025/26

BUDGET 2026/27

BUDGET 2027/28

61,927

64,639

67,604

70,585

73,822

77,121

64,940

261,959

265,611

277,490

289,861

326,980

218,704

10,660,734

7,527,785

568,819

273,359

78,198

583,217

6,088,895

94,712

100,965

Community Services & Education

Housing & Community Amenities

56,901

60,315

63,934

67,770

71,836

76,146

10,467,728

3,609,326

5,451,092

5,401,959

3,637,587

3,827,500

2,852,183

2,985,124

3,125,688

3,274,376

6,240,562

2,487,911

5,558,018

2,712,466

1,550,789

1,708,902

1,704,016

1,896,056

1,916,496

1,518,664

60,292,671

27,558,925

23,371,775

15,055,610

13,535,149

17,640,599

15,416,961

15,801,305

15,150,211

14,885,850

370,005

3,153,421

159,251

165,303

2,990,845

3,614,192

184,873

191,898

199,190

206,759

(6,108,672)

(2,203,157)

(385,000)

(750,000)

(2,227,693)

Proceeds from Sale of intangible & tangible Assets

(952,795)

(822,182)

(835,808)

(1,383,000)

(739,100)

(977,700)

(1,651,850)

(1,148,900)

(1,250,650)

(631,200)

Net Movements to/(from) Reserves

(29,602,157)

(2,248,066)

(1,910,137)

6,690,899

12,050,018

8,196,465

7,958,234

16,633,250

18,979,525

22,099,618

Total Capital and Reserve Movements

56,107,727

42,488,037

37,816,086

34,495,089

36,760,108

37,536,063

38,788,385

41,438,278

43,293,372

44,580,824

Net Result after Depreciation

35,418,997

37,020,964

37,779,616

38,009,809

38,581,136

38,327,342

37,786,735

38,455,386

38,181,692

37,030,864

Add back Depreciation Expense (noncash)

35,418,997

36,025,921

37,381,243

37,702,405

37,877,879

37,972,195

37,319,096

38,545,941

38,583,972

38,598,632

995,043

398,372

307,404

703,257

355,147

467,639

(90,555)

(402,280)

(1,567,767)

Health Environment

Sewerage Services Recreation & Culture Mining, Manufacturing & Construction Transport & Communication Economic Affairs New Loan Borrowings

Cash Budget (Surplus)/Deficit

WAGGA WAGGA CITY COUNCIL LONG TERM FINANCIAL PLAN

questions? comments? contact us. Wagga Wagga City Council PO Box 20 Cnr Baylis & Morrow Sts Wagga Wagga NSW Ph: 1300 292 442 Fax: (02) 6926 9199 Email: council@wagga.nsw.gov.au

Wagga Wagga City Council Long Term Financial Plan

Follow @WaggaCouncil on Twitter to get the news, events and emergency information straight from the source.