Comparison of Various General Rate Increases

A 7.9% increase to the General Rate and Community Infrastructure Charge has been modelled as it provides Council with a small operating surplus from which to sustain and build its financial sustainability.

As can be seen below, an 8.9% increase would provide Council with a larger operating surplus which would be used to fund further renewals/upgrades of Council assets or to provide new assets for the community. A 6.9% increase would leave Council with an operating deficit, thus not able to afford to maintain community assets and facilities to the current level of service.

Impact on Council sustainability of 1% increase or decrease on General Rates and Community Infrastructure Charge

▶ Deficit budget

▶ Non-compliant with legislative and statutory requirements

▶ Depletes Council cash holdings

▶ Balanced budget

▶ Meets legislative and statutory requirements

▶ Maintains adequate levels of cash

▶ Surplus budget

▶ Meets legislative and statutory requirements

▶ Increases Council cash holdings