The draft delivery program and operational plan, along with draft budget, fees and charges and statement of revenue policy will be placed on public exhibition for community comment for a period of 25 days following the meeting.
The operational plan sets out our commitments to the community for the 2023-24 financial year and outlines seven focus areas for the organisation over the coming 12-month period:
- Climate actions
- Culture
- Customer service
- Development assessment
- Economic development
- Financial sustainability
- Local and regional roads
Financial sustainability and culture are two new focus areas for the coming year.
The 2023-2024 budget projects that Council will receive income from continuing operations of $321 million which consists of $174 million in rates and annual charges, $58 million in user charges and fees, $9 million in interest and investment revenues, $6 million in other revenues, $33 million in operating grants and contributions and $41 million received for capital works through grants and contributions.
Its operating expenditure is projected to total $307 million which includes $111 million in employee costs, $9 million in borrowing costs (interest repayments), $86 million in depreciation on community assets and $101 million in materials, contracts and other expenses.
Council will undertake a capital works program of approximately $72 million which includes $60 million on transport infrastructure assets (roads, bridges, drainage, footpaths etc). This amount includes approximately $11 million of works under the $100 million Road Program that Council is undertaking in partnership with the State Government.
Expenditure of $15 million on sewer infrastructure and $30 million on water infrastructure is also proposed for 2023-2024.
Council will borrow approximately $11 million to meet its share of the 2023-2024 expenditure on the $100 million Road Program. At the same time, it will reduce the principal outstanding on existing borrowings by $18 million.
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