Agenda of Ordinary Meeting of Council

Report submitted to the Ordinary Meeting of Council on Monday 29 October 2018. RP-2

RP-2 Financial Performance Report as at 30 September 2018

Author: Carolyn Rodney

Director: Natalie Te Pohe

Analysis:

This report is for Council to consider and approve the proposed 2018/19 budget variations required to manage the 2018/19 budget and Long Term Financial Plan, and details Council’s external investments and performance as at 30 September 2018.

Recommendation

That Council:

a approve the proposed 2018/19 budget variations for the month ended 30 September 2018 and note the balanced budget position as presented in this report

b approve the future year adjustments to the Long Term Financial Plan for loan repayments as detailed in this report

c approve the future year adjustment to the Long Term Financial Plan for an ArtsNSW event as detailed in this report

d provide financial assistance of the following amounts in accordance with Section 356 of the Local Government Act 1993:

i) The Women’s Domestic Violence Court Advocacy Service $1,298

ii) Riverina Pregnancy and Baby Loss Support group (Bloss) $ 85

e note the Responsible Accounting Officer’s reports, in accordance with the Local Government (General) Regulation 2005 (Part 9 Division 3: Clause 203) that the financial position of Council is satisfactory having regard to the original estimates of income and expenditure and the recommendations made above

f note details of the external investments as at 30 September 2018 in accordance with section 625 of the Local Government Act 1993

g in accordance with Regulation 212(1)(ii) of the Local Government (General) Regulation 2005, receive the report on council investments in the second Council meeting of each month

Report

Wagga Wagga City Council (Council) forecasts a balanced budget position as at 30 September 2018. Proposed budget variations are detailed in this report for Council’s consideration and adoption.

Council has experienced a positive monthly investment performance for the month of September, when compared to budget. This is a result of a larger than expected portfolio balance as well as better than expected interest rates.

Key Performance Indicators

OPERATING INCOME

Total operating income is 24% of approved budget, which is tracking only slightly below budget for the end of September (this percentage excludes capital grants and contributions). An adjustment has been made to reflect the levy of rates that occurred at the start of the financial year. Excluding this adjustment, operating income received is 66%.

OPERATING EXPENSES

Total operating expenditure is 26% of approved budget and is tracking only slightly over budget for the full financial year.

CAPITAL INCOME

Total capital income is 7% of approved budget. It is important to note that the actual income from capital is influenced by the timing of the receipt of capital grants and contributions relating to projects. This income also includes the sale of property, plant and equipment.

CAPITAL EXPENDITURE

Total capital expenditure including commitments is 13% of approved budget.

WAGGA WAGGA CITY COUNCIL STATEMENT OF FINANCIAL PERFORMANCE 1 JULY 2018 TO 30 SEPTEMBER 2018
CONSOLIDATED STATEMENT
	ORIGINAL BUDGET 2018/19	BUDGET ADJ 2018/19	APPROVED BUDGET 2018/19	YTD ACTUAL EXCL COMMT'S 2018/19	COMMT'S 2018/19	YTD ACTUAL + COMMT'S 2018/19	YTD % OF BUD
Revenue
Rates & Annual Charges	(65,998,971)	0	(65,998,971)	(17,542,298)	0	(17,542,298)	27%
User Charges & Fees	(26,844,544)	150,317	(26,694,227)	(5,404,473)	0	(5,404,473)	20%
Interest & Investment Revenue	(2,917,452)	(205,000)	(3,122,452)	(1,119,638)	0	(1,119,638)	36%
Other Revenues	(2,983,104)	(308,552)	(3,291,656)	(1,021,934)	0	(1,021,934)	31%
Operating Grants & Contributions	(13,894,989)	(1,273,816)	(15,168,805)	(1,901,692)	0	(1,901,692)	13%
Capital Grants & Contributions	(36,517,290)	(16,724,481)	(53,241,771)	(3,835,041)	0	(3,835,041)	7%
Total Revenue	(149,156,350)	(18,361,532)	(167,517,882)	(30,825,076)	0	(30,825,076)	18%

Expenses
Employee Benefits & On-Costs	44,786,608	(40,278)	44,746,330	11,048,980	40,649	11,089,629	25%
Borrowing Costs	3,752,580	0	3,752,580	819,115	0	819,115	22%
Materials & Contracts	32,384,231	5,331,911	37,716,142	7,491,054	3,394,132	10,885,186	29%
Depreciation & Amortisation	35,418,997	0	35,418,997	8,854,749	0	8,854,749	25%
Other Expenses	12,125,204	(156,252)	11,968,952	2,406,710	95,789	2,502,499	21%
Total Expenses	128,467,621	5,135,380	133,603,001	30,620,609	3,530,570	34,151,179	26%

Net Operating (Profit)/Loss	(20,688,729)	(13,226,152)	(33,914,881)	(204,467)	3,530,570	3,326,102

Net Operating (Profit)/Loss before Capital Grants & Contributions	15,828,561	3,498,329	19,326,890	3,630,574	3,530,570	7,161,143

Capital / Reserve Movements
Capital Exp - Renewals	33,260,752	13,008,380	46,269,132	2,971,773	4,463,358	7,435,131	16%
Capital Exp - New Projects	31,336,485	16,649,895	47,986,381	3,491,533	4,550,502	8,042,035	17%
Capital Exp - Project Concepts	25,044,335	369,459	25,413,794	11,796	47,421	59,217	0%
Loan Repayments	3,129,777	0	3,129,777	782,444	0	782,444	25%
New Loan Borrowings	(6,108,672)	(608,380)	(6,717,052)	0	0	0	0%
Sale of Assets	(952,795)	(2,095,732)	(3,048,527)	(290,235)	0	(290,235)	10%
Net Movements Reserves	(29,602,157)	(14,097,470)	(43,699,627)	0	0	0	0%
Total Cap/Res Movements	56,107,727	13,226,152	69,333,878	6,967,310	9,061,281	16,028,591

	ORIGINAL BUDGET 2018/19	BUDGET ADJ 2018/19	APPROVED BUDGET 2018/19	YTD ACTUAL EXCL COMMT'S 2018/19	COMMT'S 2018/19	YTD ACTUAL + COMMT'S 2018/19	YTD % OF BUD
Net Result after Depreciation	35,418,997	0	35,418,997	6,762,843	12,591,850	19,354,693

Add back Depreciation Expense	35,418,997	0	35,418,997	8,854,749	0	8,854,749	25%

Cash Budget (Surplus)/Deficit	0	0	0	(2,091,906)	12,591,850	10,499,944

Revised Budget Result - Surplus/(Deficit)

$’000s

Original 2018/19 Budget Result as adopted by Council

Total Budget Variations approved to date

Budget variations for September 2018

Proposed revised budget result for 30 September 2018

The proposed Budget Variations to 30 September 2018 are listed below:

*Budget Variation*	*Amount*		*Funding Source*		*Net Impact* *Fav/ (Unfav)*
*1 – Community Leadership and Collaboration*
External & Internal Loan Repayments		$348K		Airport Reserve ($279K) Event Attraction Reserve ($69K)	Nil
Due to the carryover of capital works projects from 2017/18 to 2018/19, the total amount of loan borrowings budgeted for 2017/18 was not required. This has the effect of delaying loan borrowings and subsequent repayments in future years. In addition to this, the subsequent borrowing rate for 2017/18 was less than budgeted. This review has resulted in savings of $348K in 2018/19, with $279K attributed to the Airport Reserve and $69K in GPR savings. The $69K in GPR savings has been set aside in a new Event Attraction Reserve pending future reports to Council. Creation of this reserve should enable Council to continue attracting and delivering events into the city, which has both a community and an economic benefit for Wagga Wagga, along with enhancing liveability. It is intended that additional funds are considered to be set aside in the reserve during the budget process. The future year budget adjustments from the review of loan borrowings have been detailed below in a separate table.
*2 – Safe and Healthy Community*
PCYC Contribution		$2,364K		External Borrowings ($2,364K)	Nil
Due to delays in construction of the new PCYC facility, it has been determined that the contribution from Council will not be required in 2018/19 and is to be deferred to 2019/20. This has resulted in the deferral of external loan borrowings and loan repayments, which are reflected separately in the table below.
Strategic Fire Breaks		$68K		Rural Fire Service ($68K)	Nil
Council has been successful with their grant application to the Rural Fire Service (RFS) for Rural Fire Fighting grant funds. These funds will be utilised to carry out hazard reduction works, through the chemical and mechanical treatment of strategic fire breaks at 14 locations.
Lights 4 Lake Maintenance		$18K		Street Lighting Reserve ($18K)	Nil
Significant damage on a number of lights at the lake from ant infestation has resulted in the replacement of some of these lights not repairable under warranty. Additional works have also included the installation of ant bait stations, further cleaning and diagnostics. It is proposed to fund these works from the Street Lighting Reserve.
*4 – Community Place and Identity*
Sector Support Program		$192K		Department of Health Grant Funding ($192K)	Nil
Council has been successful in securing a further two years of grant funding from the Commonwealth Department of Health to continue the auspice of the sector development service in ageing and disability. The program will operate over the two financial years 2018/19 and 2019/20 with grant funding of $192K to be received each financial year.
FUSION Festival		$25K		Riverina Water Sponsorship ($25K)	Nil
Riverina Water has agreed to be a major sponsor of the FUSION Festival over a 3 year period 2018/19 – 2020/21 contributing $25K each financial year. These additional funds will be used towards the running of the event including the commissioning of creative works and musical acts for the festival.

*5 – The Environment*
Pine Gully Roundabout	$200K	Section 94 Reserve ($200K)	Nil
It is proposed to bring forward the design budget allocated in 2019/20 for the Pine Gully Road Roundabout into this financial year to allow the design for the project to occur. The project is currently allocated to ‘Potential Projects’ and has $1.3M allocated for construction in 2020/21. This will tie in with the proposed structure plan for the northern growth area, which will be presented to Councillors early in the new calendar year. The project is funded from the Section 94 Reserve.
*SURPLUS/(DEFICIT)*			Nil

Future Year External Loan Repayment Budget Adjustments

A review was conducted on the borrowing schedule and assumptions given the rates that were achieved for 2017/18 borrowings (3.26% compared to a 3.55% assumption). Based on this rate as a guide, a further review was undertaken on future year borrowing rates, which resulted in savings as these have been reduced by 0.5% (the 4% assumption in 2018/19 has been reduced to 3.5% for example). Furthermore, it was also determined that the PCYC contribution of $2.4M which is funded from loan borrowings would not be required in 2018/19 and could be deferred to 2019/20 resulting in a significant saving of $220K to loan repayments in 2019/20. Additional borrowings that were not required in 2017/18 for particular capital projects have also been adjusted resulting in repayment savings, particularly for the airport.

This review has resulted in future year surplus budget adjustments as presented in the table below, which will reduce the bottom line deficits in the adopted 2018/19 Long Term Financial Plan.

Financial Year	Airport Reserve	Cemetery Reserve	GPR	Total Budget Saving
2018/19	$278,507	$0	$69,421*	$347,928
2019/20	$281,836	$0	$242,689	$524,525
2020/21	$160,906	$0	$33,874	$194,780
2021/22	$162,109	$0	$33,874	$195,983
2022/23	$162,109	$7,117	$33,874	$203,100
2023/24	$162,109	$7,117	$33,874	$203,100
2024/25	$164,527	$7,117	$41,453	$213,097
2025/26	$164,527	$7,117	$41,453	$213,097
2026/27	$164,527	$7,117	$41,453	$213,097
2027/28	$164,527	$7,117	$41,453	$213,097
TOTAL	$1,865,684	$42,702	$613,418	$2,521,804

* A further report will be presented to Council allocating these funds.

Regional Arts NSW (RANSW) Event

As per the CONF- 2 ‘Additional Event Funding Requests’ report presented to Council on 28 May 2018 Resolution 18/191, funds are required in 2020/21 for Council to host this event. It is proposed to fund the variation from the external loan repayment savings in 2019/20 and restrict these funds until required in 2020/21.

Proposed Long Term Financial Plan Bottom Line

Financial Year	Adopted 2018/19 LTFP Bottom Line (Surplus)/ Deficit	Budget Variations Approved to date (Relationships Australia lease)	External Loan Repayment Budget Adjustments	ArtsNSW~	Revised LTFP Bottom Line (Surplus)/ Deficit
2019/20	$995,043	($16,046)	($242,689)	$40,000	$776,308
2020/21	$398,372	($16,448)	($33,874)	$0	$348,050
2021/22	$307,404	($16,859)	($33,874)	$0	$256,671
2022/23	$703,257	($17,280)	($33,874)	$0	$652,103
2023/24	$355,147	($17,712)	($33,874)	$0	$303,561
2024/25	$467,639	($18,155)	($41,453)	$0	$408,031
2025/26	($90,555)	($18,609)	($41,453)	$0	($150,617)
2026/27	($402,280)	($19,074)	($41,453)	$0	($462,807)
2027/28	($1,567,767)	($19,551)	($41,453)	$0	($1,628,771)

~$40K restricted into Reserve for 2019/20 and allocated into the 2020/21 financial year budget.

Current Restrictions

RESERVES SUMMARY
30 SEPTEMBER 2018
	CLOSING BALANCE 2017/18	ADOPTED RESERVE TRANSFERS 2018/19	BUDGET VARIATIONS APPROVED UP TO COUNCIL MEETING 8.10.18	PROPOSED CHANGES for Council Resolution	REVISED BALANCE

Externally Restricted
Developer Contributions	(25,903,320)	8,264,183	2,009,310	200,000	(15,429,827)
Sewer Fund	(26,204,212)	4,267,364	2,638,508	0	(19,298,341)
Solid Waste	(20,184,154)	9,600,364	955,359	0	(9,628,430)
Specific Purpose Grants	(3,519,384)	0	3,519,384	0	0
SRV Levee	(2,847,382)	1,807,667	892,802	0	(146,914)
Stormwater Levy	(3,167,296)	162,032	102,841	0	(2,902,423)
Total Externally Restricted	(81,825,747)	24,101,610	10,118,202	200,000	(47,405,934)

Internally Restricted
Airport	(63,685)	(158,452)	(52,270)	(278,507)	(552,914)
Art Gallery	(49,209)	13,262	0	0	(35,947)
Ashmont Community Facility	(6,000)	(1,500)	0	0	(7,500)
Bridge Replacement	(201,972)	(100,000)	0	0	(301,972)
CBD Carparking Facilities	(863,695)	160,302	50,801	0	(652,592)
CCTV	(74,476)	(10,000)	0	0	(84,476)
Cemetery Perpetual	(65,479)	(129,379)	51,958	0	(142,900)
Cemetery	(452,507)	420	139,581	0	(312,506)
Civic Theatre Operating	0	(55,000)	55,000	0	0
Civic Theatre Technical Infrastructure	(92,585)	(50,000)	4,911	0	(137,675)
Civil Projects	(155,883)	0	0	0	(155,883)
Community Amenities	(76,763)	0	0	0	(76,763)
Community Works	(61,888)	(59,720)	0	0	(121,608)
Council Election	(255,952)	(76,333)	5,000	0	(327,285)
Emergency Events	(220,160)	0	29,000	0	(191,160)
Employee Leave Entitlements	(3,322,780)	0	0	0	(3,322,780)
Environmental Conservation	(131,351)	20,295	0	0	(111,056)
Estella Community Centre	(230,992)	178,519	0	0	(52,473)
Family Day Care	(320,364)	75,366	(1,556)	0	(246,555)
Fit for the Future	(5,340,222)	4,444,014	661,863	0	(234,345)
Generic Projects Saving	(1,056,917)	150,000	115,306	0	(791,611)
Glenfield Community Centre	(19,704)	(2,000)	0	0	(21,704)
Grants Commission	(5,199,163)	0	0	0	(5,199,163)
Grassroots Cricket	(70,992)	0	0	0	(70,992)
Gravel Pit Restoration	(767,509)	0	0	0	(767,509)

RESERVES SUMMARY
30 SEPTEMBER 2018
	CLOSING BALANCE 2017/18	ADOPTED RESERVE TRANSFERS 2018/19	BUDGET VARIATIONS APPROVED UP TO COUNCIL MEETING 8.10.18	PROPOSED CHANGES for Council Resolution	REVISED BALANCE
Gurwood Street Property	(50,454)	0	0	0	(50,454)
Information Services	(369,113)	77,858	285,000	0	(6,256)
Infrastructure Replacement	(193,634)	(68,109)	15,000	0	(246,743)
Insurance Variations	(28,644)	0	(71,603)	0	(100,246)
Internal Loans	(518,505)	(631,470)	680,054	0	(469,921)
Lake Albert Improvements	(62,349)	(21,563)	5,859	0	(78,053)
LEP Preparation	(3,895)	0	1,350	0	(2,545)
Livestock Marketing Centre	(5,724,767)	(1,146,762)	1,098,260	0	(5,773,270)
Museum Acquisitions	(39,378)	0	0	0	(39,378)
Oasis Building Renewal	(209,851)	(85,379)	0	0	(295,230)
Oasis Plant	(1,140,543)	390,000	100,000	0	(650,543)
Parks & Recreation Projects	(79,648)	49,500	0	0	(30,148)
Pedestrian River Crossing	(10,775)		10,775	0	0
Plant Replacement	(3,935,062)	253,958	1,043,434	0	(2,637,671)
Playground Equipment Replacement	(164,784)	69,494	0	0	(95,290)
Project Carryovers	(2,006,338)	402,808	1,585,155	0	(18,376)
Public Art	(208,754)	30,300	64,997	0	(113,457)
Robertson Oval Redevelopment	(92,151)	0	0	0	(92,151)
Senior Citizens Centre	(15,627)	(2,000)	0	0	(17,627)
Sister Cities	(36,328)	(10,000)	0	0	(46,328)
Stormwater Drainage	(180,242)	0	22,000	0	(158,242)
Strategic Real Property	(475,000)	401,305	(395,655)	0	(469,350)
Street Lighting Replacement	(74,755)	0	0	18,206	(56,549)
Subdivision Tree Planting	(582,108)	40,000	0	0	(542,108)
Sustainable Energy	(588,983)	95,000	259,414	0	(234,569)
Traffic Committee	(21,930)	0	20,138	0	(1,792)
Unexpended External Loans	(841,521)	0	841,521	0	0
Workers Compensation	(40,000)	0	(53,251)	0	(93,251)
Total Internally Restricted	(36,795,390)	4,244,732	6,572,040	(260,301)	(26,238,919)

Total Restricted	(118,621,137)	28,346,342	16,690,242	(60,301)	(73,644,853)

Section 356 Financial Assistance Requests

Two Section 356 financial assistance requests have been received for consideration at the 29 October 2018 Ordinary Council meeting.

It is noted that the Riverina Pregnancy and Baby Loss Support Group who have requested financial assistance in this report received $3,000 financial assistance via Council’s 2018/19 Annual Grant Program (Council Meeting 23 July 2018) to provide a support service and network for parents and families, point of referral, local reference, information and linkages.

Details of the financial assistance requests are shown below:

· The Women’s Domestic Violence Court Advocacy Service $1,298

The Women’s Domestic Violence Court Advocacy Service has requested financial assistance to hold a book launch “The Skinny Girl” by S.S.Mathews on the 22 November 2018 outside Council and in the library. The request outlines the following:

“Wagga Family Support Services and The Women’s Domestic Violence Court Advocacy Service would like to request that the council support this great cause and provide a venue and assistance in promoting this book launch as it could truly make a difference and raise awareness in our community, by raising funds for women and children experiencing and escaping domestic violence from the book sales. The funds we raised on the day will be going into WWFS brokerage account, to help support women & children who are experiencing domestic violence, to remain living where they choose and have the violent person leave.

We are confident that the local media and local services will support such a project and with the council’s assistance, it could be a huge event.

We propose a date of Thursday the 22^nd of November between 12 noon and 2pm as this is within the 16 days of activism, although we happy to change this date and time if the council requires. “

The financial assistance has been costed as below:

· Room hire waiver costs of $ 198

· Event costs –catering $ 800

· Library Staff costs $ 300

Total Costs $1,298

The above request aligns with Council’s Strategic Plan “Safe and Healthy Community – Outcome: We are safe”.

· Riverina Pregnancy and Baby Loss Support Group (Bloss) $85

The Riverina Pregnancy and Baby Loss Support Group (Bloss) in their attached letter have requested Council’s consideration for financial assistance to waive the hire fees of $85, for staging a Remembrance Walk at the Victory Memorial Gardens. The event was held on the 14 October 2018.

The support group provides comfort, acknowledgement, information, empowerment and guide families during their time of loss.

The above request aligns with Council’s Strategic Plan “Safe and Healthy Community – Outcome: We have access to health and support services that cater for all our needs”.

The Section 356 financial assistance budget for the 2018/19 financial year is $50,255.50, of which $41,689 is already committed in the adopted Delivery and Operational Plan 2018/19.

A balance of $4,567.50 is currently available for additional financial assistance requests received for the reminder of the year following financial assistance approved at the 8 October 2018 Council meeting.

Unallocated balance of S356 fee waiver financial assistance budget 2018/19	$4,567.50
The Women’s Domestic Violence Court Advocacy Service	($1,298.00)
The Riverina Pregnancy and Baby Loss Support Group (Bloss)	($ 85.00)
Total Section 356 Financial Assistance Requests – 29 October 2018 Council Meeting	($1,383.00)
Balance of Section 356 fee waiver financial assistance budget for the remainder of the 2018/19 Financial Year	$3,184.50

Investment Summary as at 30 September 2018

In accordance with Regulation 212 of the Local Government (General) Regulation 2005, details of Wagga Wagga City Council’s external investments are outlined below:

Institution	Rating	Closing Balance Invested 31/08/2018 $	Closing Balance Invested 30/09/2018 $	September EOM Current Yield %	September EOM % of Portfolio	Investment Date	Maturity Date	Term (mths)
*Short Term Deposits*
AMP	A	2,000,000	2,000,000	2.95%	1.42%	1/06/2018	31/05/2019	12
NAB	AA-	2,000,000	0	0.00%	0.00%	8/09/2017	7/09/2018	12
AMP	A	1,000,000	1,000,000	2.95%	0.71%	5/06/2018	2/01/2019	7
NAB	AA-	2,000,000	0	0.00%	0.00%	28/09/2017	28/09/2018	12
Auswide	BBB-	2,000,000	2,000,000	2.67%	1.42%	5/10/2017	5/10/2018	12
Auswide	BBB-	1,000,000	1,000,000	2.67%	0.71%	16/10/2017	16/10/2018	12
Auswide	BBB-	2,000,000	2,000,000	2.70%	1.42%	5/12/2017	5/12/2018	12
Police Credit Union	NR	2,000,000	2,000,000	2.70%	1.42%	28/02/2018	29/10/2018	8
AMP	A	2,000,000	2,000,000	2.95%	1.42%	17/05/2018	13/11/2018	6
AMP	A	1,000,000	1,000,000	2.95%	0.71%	17/05/2018	17/05/2019	12
Police Credit Union	NR	2,000,000	2,000,000	2.86%	1.42%	28/05/2018	28/05/2019	12
AMP	A	2,000,000	2,000,000	2.95%	1.42%	29/05/2018	24/01/2019	8
Westpac	AA-	1,000,000	1,000,000	2.80%	0.71%	28/06/2018	28/06/2019	12
Australian Military Bank	NR	1,000,000	1,000,000	3.01%	0.71%	16/07/2018	16/07/2019	12
Suncorp-Metway	A+	2,000,000	2,000,000	2.65%	1.42%	31/08/2018	30/11/2018	3
Bankwest	AA-	2,000,000	2,000,000	2.76%	1.42%	31/08/2018	23/04/2019	8
NAB	AA-	0	1,000,000	2.65%	0.71%	7/09/2018	7/12/2018	3
Australian Military Bank	NR	0	1,000,000	2.86%	0.71%	7/09/2018	8/07/2019	10
*Total Short Term Deposits*		27,000,000	25,000,000	2.81%	17.75%
*At Call Accounts*
NAB	AA-	2,995,159	1,003,176	1.50%	0.71%	N/A	N/A	N/A
NAB	AA-	16,686,568	16,715,321	2.19%	11.87%	N/A	N/A	N/A
AMP	A	345	346	2.30%	0.00%	N/A	N/A	N/A
CBA	AA-	107	63	1.35%	0.00%	N/A	N/A	N/A
*Total At Call Accounts*		19,682,179	17,718,906	2.15%	12.58%
*Medium Term Deposits*
RaboBank	A+	1,000,000	1,000,000	3.16%	0.71%	5/06/2017	6/06/2022	60
ING Bank	A	3,000,000	3,000,000	2.75%	2.13%	24/08/2017	26/08/2019	24
ME Bank	BBB	2,000,000	2,000,000	4.28%	1.42%	2/09/2014	2/09/2019	60
Rabobank	A+	1,000,000	1,000,000	4.10%	0.71%	5/12/2014	5/12/2019	60
BOQ	BBB+	2,000,000	2,000,000	3.10%	1.42%	7/07/2017	7/07/2020	36
AMP	A	2,000,000	2,000,000	3.00%	1.42%	2/08/2018	3/02/2020	18
Newcastle Permanent	BBB	1,000,000	1,000,000	3.00%	0.71%	12/08/2016	12/08/2019	36
Rabobank	A+	1,000,000	1,000,000	3.20%	0.71%	25/08/2016	25/08/2021	60
Newcastle Permanent	BBB	1,000,000	1,000,000	3.00%	0.71%	31/08/2016	30/08/2019	36
Police Credit Union	NR	1,000,000	0	0.00%	0.00%	8/09/2016	10/09/2018	24
Newcastle Permanent	BBB	2,000,000	2,000,000	3.00%	1.42%	10/02/2017	11/02/2019	24
Westpac	AA-	3,000,000	3,000,000	3.10%	2.13%	10/03/2017	10/03/2022	60
ING Bank	A	1,000,000	1,000,000	2.92%	0.71%	16/10/2017	16/10/2019	24
ING Bank	A	2,000,000	2,000,000	2.92%	1.42%	6/11/2017	6/11/2019	24
BOQ	BBB+	2,000,000	2,000,000	3.35%	1.42%	3/01/2018	4/01/2022	48
ING Bank	A	1,000,000	1,000,000	2.80%	0.71%	5/01/2018	6/01/2020	24
Institution	Rating	Closing Balance Invested 31/08/2018 $	Closing Balance Invested 30/09/2018 $	September EOM Current Yield %	September EOM % of Portfolio	Investment Date	Maturity Date	Term (mths)
Australian Military Bank	NR	1,000,000	1,000,000	2.95%	0.71%	29/05/2018	29/05/2020	24
BOQ	BBB+	1,000,000	1,000,000	3.50%	0.71%	1/06/2018	1/06/2022	48
Westpac	AA-	2,000,000	2,000,000	3.02%	1.42%	28/06/2018	28/06/2021	36
Westpac	AA-	2,000,000	2,000,000	2.88%	1.42%	28/06/2018	29/06/2020	24
ING Bank	A	2,000,000	2,000,000	2.86%	1.42%	16/08/2018	17/08/2020	24
BOQ	BBB+	3,000,000	3,000,000	3.25%	2.13%	28/08/2018	29/08/2022	48
ING Bank	A	3,000,000	3,000,000	2.85%	2.13%	30/08/2018	14/09/2020	24
*Total Medium Term Deposits*		40,000,000	39,000,000	3.11%	27.70%
*Floating Rate Notes - Senior Debt*
BOQ	BBB+	2,019,400	2,009,400	BBSW + 110	1.43%	5/08/2014	24/06/2019	58
Bendigo-Adelaide	BBB+	1,006,485	1,008,743	BBSW + 110	0.72%	18/08/2015	18/08/2020	60
Bendigo-Adelaide	BBB+	1,006,485	1,008,743	BBSW + 110	0.72%	28/09/2015	18/08/2020	59
Suncorp-Metway	A+	1,016,153	1,018,351	BBSW + 125	0.72%	20/10/2015	20/10/2020	60
Rabobank	A+	2,055,562	2,041,840	BBSW + 150	1.45%	4/03/2016	4/03/2021	60
Newcastle Permanent	BBB	1,011,294	1,004,034	BBSW + 160	0.71%	22/03/2016	22/03/2019	36
CUA	BBB	2,021,668	2,026,100	BBSW + 160	1.44%	1/04/2016	1/04/2019	36
ANZ	AA-	1,018,373	1,012,362	BBSW + 118	0.72%	7/04/2016	7/04/2021	60
Suncorp-Metway	A+	1,021,242	1,023,280	BBSW + 138	0.73%	21/04/2016	12/04/2021	60
AMP	A	1,010,964	1,012,232	BBSW + 135	0.72%	24/05/2016	24/05/2021	60
Westpac	AA-	1,020,948	1,014,761	BBSW + 117	0.72%	3/06/2016	3/06/2021	60
CBA	AA-	1,018,942	1,020,930	BBSW + 121	0.72%	12/07/2016	12/07/2021	60
ANZ	AA-	2,027,746	2,031,342	BBSW + 113	1.44%	16/08/2016	16/08/2021	60
BOQ	BBB+	1,514,436	1,517,613	BBSW + 117	1.08%	26/10/2016	26/10/2020	48
NAB	AA-	1,013,333	1,015,031	BBSW + 105	0.72%	21/10/2016	21/10/2021	60
Teachers Mutual	BBB	1,509,473	1,513,535	BBSW + 140	1.07%	28/10/2016	28/10/2019	36
Bendigo-Adelaide	BBB+	1,005,585	1,007,853	BBSW + 110	0.72%	21/11/2016	21/02/2020	39
Westpac	AA-	1,013,793	1,016,071	BBSW + 111	0.72%	7/02/2017	7/02/2022	60
ANZ	AA-	1,007,944	1,009,623	BBSW + 100	0.72%	7/03/2017	7/03/2022	60
CUA	BBB	758,531	753,782	BBSW + 130	0.54%	20/03/2017	20/03/2020	36
Heritage Bank	BBB+	603,309	604,976	BBSW + 130	0.43%	4/05/2017	4/05/2020	36
Teachers Mutual	BBB	1,011,624	1,005,493	BBSW + 142	0.71%	29/06/2017	29/06/2020	36
NAB	AA-	3,029,352	3,011,202	BBSW + 90	2.14%	5/07/2017	5/07/2022	60
Suncorp-Metway	A+	1,005,445	1,007,273	BBSW + 97	0.72%	16/08/2017	16/08/2022	60
Westpac	AA-	2,005,250	2,010,686	BBSW + 81	1.43%	30/10/2017	27/10/2022	60
ME Bank	BBB	1,504,793	1,509,245	BBSW + 125	1.07%	9/11/2017	9/11/2020	36
NAB	AA-	2,000,552	2,004,488	BBSW + 80	1.42%	10/11/2017	10/02/2023	63
ANZ	AA-	1,502,258	1,505,556	BBSW + 77	1.07%	18/01/2018	18/01/2023	60
Bendigo-Adelaide	BBB+	500,398	501,602	BBSW + 105	0.36%	25/01/2018	25/01/2023	60
Newcastle Permanent	BBB	1,499,364	1,504,266	BBSW + 140	1.07%	6/02/2018	6/02/2023	60
Westpac	AA-	1,998,992	2,001,968	BBSW + 83	1.42%	6/03/2018	6/03/2023	60
UBS	A+	2,000,512	2,005,088	BBSW + 90	1.42%	8/03/2018	8/03/2023	60
Heritage Bank	BBB+	1,408,855	1,400,874	BBSW + 123	0.99%	29/03/2018	29/03/2021	36
ME Bank	BBB	1,607,912	1,612,373	BBSW + 127	1.14%	17/04/2018	16/04/2021	36
ANZ	AA-	2,006,850	2,011,666	BBSW + 93	1.43%	9/05/2018	9/05/2023	60
NAB	AA-	2,004,810	2,009,228	BBSW + 90	1.43%	16/05/2018	16/05/2023	60
CBA	AA-	2,005,870	2,010,306	BBSW + 93	1.43%	16/08/2018	16/08/2023	60
Bank Australia	BBB	750,185	753,123	BBSW + 130	0.53%	30/08/2018	30/08/2021	36
CUA	BBB	0	601,432	BBSW + 125	0.43%	6/09/2018	6/09/2021	36
AMP	A	0	1,502,436	BBSW + 108	1.07%	10/09/2018	10/09/2021	36
Institution	Rating	Closing Balance Invested 31/08/2018 $	Closing Balance Invested 30/09/2018 $	September EOM Current Yield %	September EOM % of Portfolio	Investment Date	Maturity Date	Term (mths)
NAB	AA-	0	2,003,808	BBSW + 93	1.42%	26/09/2018	26/09/2023	60
*Total Floating Rate Notes - Senior Debt*		53,524,685	57,642,714		40.93%
*Managed Funds*
NSW Tcorp	NR	1,459,169	1,457,599	-0.11%	1.04%	17/03/2014	1/09/2023	113
*Total Managed Funds*		1,459,169	1,457,599	-0.11%	1.04%
TOTAL CASH ASSETS, CASH EQUIVALENTS & INVESTMENTS		141,666,033	140,819,219		100.00%
LESS: RIVERINA REGIONAL LIBRARY (RRL) CASH AT BANK		3,736,257	3,383,040
TOTAL WWCC CASH ASSETS, CASH EQUIVALENTS & INVESTMENTS		137,929,776	137,436,179

Council’s investment portfolio is now dominated by Term Deposits, equating to approximately 45% of the portfolio across a broad range of counterparties. Cash equates to 13% of the portfolio with Floating Rate Notes (FRNs) around 41% and growth funds around 1% of the portfolio.

Council’s investment portfolio is well diversified in complying assets across the entire credit spectrum. It is also well diversified from a rating perspective. Credit quality is diversified and is predominately invested amongst the investment grade Authorised Deposit-Taking Institutions (ADIs) (being BBB- or higher), with a smaller allocation to unrated ADIs.

All investments are within the defined Policy limits, as outlined in the Rating Allocation chart below:

Investment Portfolio Balance

Council’s investment portfolio balance has decreased slightly from the previous month’s balance, down from $137.9M to $137.4M.

MONTHLY INVESTMENT MOVEMENTS

Redemptions/Sales – Council redeemed the following investment security during September 2018:

Institution and Type	Amount	Investment Term	Interest Rate	Comments
NAB Term Deposit	$2M	12 months	2.60%	This term deposit was redeemed on maturity and funds were reinvested in 2 x $1M term deposits with NAB and Australian Military Bank (see below).
NAB Term Deposit	$2M	12 months	2.62%	This term deposit was redeemed on maturity and funds were used for the new NAB 5-yr FRN (see below).
Police Credit Union Term Deposit	$1M	2 years	2.90%	This term deposit was redeemed on maturity due to poor reinvestment rates and funds were used for cashflow purposes.

New Investments – Council purchased the following investment security during September 2018:

Institution and Type	Amount	Investment Term	Interest Rate	Comments
NAB Term Deposit	$1M	3 months	2.65%	The NAB rate of 2.65% compared favourably to the rest of the market for this investment term. This term was chosen to fill a maturity gap within Council’s investment portfolio.
Australian Military Bank Term Deposit	$1M	10 months	2.86%	The Australian Military Bank rate of 2.86% compared favourably to the rest of the market for this investment term. This term was chosen to fill a maturity gap within Council’s investment portfolio.
Credit Union Australia (CUA) Floating Rate Note	$600K	3 years	BBSW + 125	Council’s independent Financial Advisor advised this Floating Rate Note represented fair value.

Institution and Type	Amount	Investment Term	Interest Rate	Comments
AMP Floating Rate Note	$1.5M	3 years	BBSW + 108	Council’s independent Financial Advisor advised this Floating Rate Note represented fair value with a highly rated institution.
NAB Floating Rate Note	$2M	5 years	BBSW + 93	Council’s independent Financial Advisor advised this Floating Rate Note represented good value with a highly rated institution.

Institution and Type

Amount

Investment

Term

Interest

Rate

Comments

AMP Floating Rate Note

$1.5M

3 years

BBSW + 108

Council’s independent Financial Advisor advised this Floating Rate Note represented fair value with a highly rated institution.

NAB Floating Rate Note

$2M

5 years

BBSW + 93

Council’s independent Financial Advisor advised this Floating Rate Note represented good value with a highly rated institution.

Rollovers – Council did not roll over any investment securities during September 2018.

MONTHLY PERFORMANCE

Interest/growth/capital gains for the month totaled $324,140, which compares favourably with the budget for the period of $244,709, outperforming budget for the month of September by $79,431. This is mainly due to a larger than expected portfolio balance as well as better than expected interest rates.

It should be noted that a majority of Councils FRNs continue to trade at a premium. The capital market value of these investments will fluctuate from month to month and Council continues to receive the coupon payments and the face value of the investment security when sold or at maturity.

It is important to note Council’s investment portfolio balance is tracking well above what was originally predicted. This is mainly due to the timing of some of the major projects that are either not yet commenced or not as advanced as originally predicted. It is anticipated that over the 2018/19 financial year the portfolio balance will reduce in line with the completion of major projects. This will result in Councils investment portfolio continuing to maintain a higher balance until these projects commence or advance further.

The longer-dated deposits in the portfolio, particularly those locked in above 4% yields, have previously anchored Council’s portfolio performance. It should be noted that the portfolio now only includes two investments yielding above 4% and Council will inevitably see a fall in investment income over the coming months compared with previous periods. Council staff and Council’s Independent Financial Advisor will continue to identify opportunities to lock in higher yielding investments as they become available.

In comparison to the AusBond Bank Bill Index* (+1.87%pa), Council’s investment portfolio returned 2.76% (annualised) for September. Cash and At-Call accounts returned 2.15% (annualised) for this period. These funds are utilised for daily cash flow management and need to be available to meet operating and contractual payments as they come due.

* The AusBond Bank Bill Index is the leading benchmark for the Australian fixed income market. It is interpolated from the RBA Cash rate, 1 month and 3 month Bank Bill Swap rates.

Report by Responsible Accounting Officer

I hereby certify that all of the above investments have been made in accordance with the provision of Section 625 of the Local Government Act 1993 and the regulations there under, and in accordance with the Investments Policy adopted by Council on 26 February 2018.

Carolyn Rodney

Responsible Accounting Officer

Policy and Legislation

Budget variations are reported in accordance with Council’s POL 052 Budget Policy.

Investments are reported in accordance with Council’s POL 075 Investment Policy.

Local Government Act 1993

Section 625 - How may councils invest?

Local Government (General) Regulation 2005

Section 212 - Reports on council investments

Link to Strategic Plan

Community Leadership and Collaboration

Objective: We have strong leadership

Outcome: We are accountable and transparent

Risk Management Issues for Council

This report is a control mechanism that assists in addressing the following potential risks to Council:

· Loss of investment income or capital resulting from ongoing management of investments, especially during difficult economic times

· Failure to demonstrate to the community that its funds are being expended in an efficient and effective manner

Internal / External Consultation

Council’s Community Engagement Strategy and IAP2 considers the community to be “any individual or group of individuals, organisation or political entity with an interest in the outcome of a decision….”

All relevant areas within the Council have consulted with the Finance Division in regards to the budget variations listed in this report.

The Finance Division has consulted with relevant external parties to confirm Council’s investment portfolio balances.

Attachments

1 ⇩.	Section 356 Finanical Assistance Request - The Women's Domestic Violence Advocacy Service
2 ⇩.	Section 356 Finanical Assistance Request - The Riverina Pregnancy and Baby Loss Support Group (Bloss)

Project Name	Estimated Project Budget Required	Funding Source (current approved budget allocation)	Funding Source Notes (current approved budget allocation)
Gas capture network expansion system and gas powered evaporator system (Evaporator $550K; Extend Gas Capture Network $300K; Utilities and Services $150K)	$1,000,000	$1,493,270	Additional Leachate Pond Project
$29,715	Leachate Solar Evaporator currently in Potential Projects
$40,000	Gas Flare Extension project – currently in Potential Projects
$401,764	Gas Flare & Gas Capture Infrastructure – in Potential Projects
	$1,000,000	$1,964,749

Project Name

Estimated Project Budget

Required

Funding Source

(current approved budget allocation)

Funding Source Notes (current approved budget allocation)

Gas capture network expansion system and gas powered evaporator system (Evaporator $550K; Extend Gas Capture Network $300K; Utilities and Services $150K)

$1,000,000

$1,493,270

Additional Leachate Pond Project

$29,715

Leachate Solar Evaporator currently in Potential Projects

$40,000

Gas Flare Extension project – currently in Potential Projects

$401,764

Gas Flare & Gas Capture Infrastructure – in Potential Projects

$1,000,000

$1,964,749

Reports submitted to the Ordinary Meeting of Council to be held on Monday 29 October 2018.

Present

The Mayor, Councillor Greg Conkey OAM

Councillor Yvonne Braid OAM

Councillor Paul Funnell

Councillor Vanessa Keenan

Councillor Rod Kendall

Councillor Kerry Pascoe

Councillor Dallas Tout

In Attendance

General Manager (Mr P Thompson)

Director Finance (Mrs N Te Pohe)

Director Community (Mrs J Summerhayes)

Director Commercial Operations (Ms C Angel)

Manager Executive Support (Mr S Gray)

Manager Technical & Strategy (Mr P Ross)

Manager City Development (Mr P O’Brien)

Manager Project Delivery (Mr R Shah)

Senior Project Manager (Mr D Woods)

Gregadoo Waste Management Facility Manager (Mr G Pym)

Strategic Planning Coordinator (Mr A Stander)

Communications & Engagement Officer (Mr S Shaw)

Risk & Assurance Coordinator (Ms J Watkins)

Governance Officer (Ms B King)

Prayer

Almighty God,

Help protect our Mayor, elected Councillors and staff.

Help Councillors to govern with justice, integrity, and respect for equality, to preserve rights and liberties, to be guided by wisdom when making decisions and settling priorities, and not least of all to preserve harmony.

Amen.

Acknowledgement Of Country

I would like to acknowledge the Wiradjuri people who are the Traditional Custodians of this Land. I would also like to pay respect to the Elders both past and present of the Wiradjuri Nation and extend that respect to other Community members present.

LEAVES OF ABSENCE

18/369 RESOLVED:

On the Motion of Councillors V Keenan and P Funnell

That Council grant a leave of absence for Councillor T Koschel for Monday, 8 October 2018 inclusive.

Note that a leave of absence was granted to Councillor D Hayes at the 26 February 2018 Ordinary Council Meeting for 25 September 2018 to 12 October 2018 inclusive.

CARRIED

CONFIRMATION OF MINUTES

CM-1 ORDINARY COUNCIL MEETING - 24 SEPTEMBER 2018

18/370 RESOLVED:

On the Motion of Councillors K Pascoe and R Kendall

That the Minutes of the proceedings of the Ordinary Council Meeting held on 24 September 2018 be confirmed as a true and accurate record.

CARRIED

RECORD OF VOTING ON THE MOTION

For the Motion	Against the Motion
Y Braid OAM
G Conkey OAM
P Funnell
V Keenan
R Kendall
K Pascoe
D Tout

Declarations Of Interest

Councillor K Pascoe declared a Pecuniary Interest in RP-1 PROPOSED AMENDMENT 14 OF THE WAGGA WAGGA DEVELOPMENT CONTROL PLAN 2010 - SOLAR ACCESS, PRIVACY AND SETBACK CONTROLS the reason being that he has a vested interest in the R3 zone in Tarcutta Street and vacated the chamber during its consideration.

PROCEDURAL MOTION - ENGLOBO

18/371 RESOLVED:

On the Motion of Councillors R Kendall and K Pascoe

That the standing orders be varied for the meeting as set out hereunder:

· Items where councillors wish to speak

· Items where no councillors wish to speak

· Confidential

· Matter of urgency

· Closure of Meeting

That RP-2, RP-4 to RP-6, M-1 and CONF-1 be adopted as recommended in the business papers.

CARRIED

REPORTS FROM STAFF

RP-1 PROPOSED AMENDMENT 14 OF THE WAGGA WAGGA DEVELOPMENT CONTROL PLAN 2010 - SOLAR ACCESS, PRIVACY AND SETBACK CONTROLS

Councillor K Pascoe declared a Pecuniary Interest and vacated the chamber, the time being 6:04pm.

18/372 RESOLVED:

On the Motion of Councillors R Kendall and V Keenan

That Council:

a a note that one submission was received during the exhibition period

b adopt amendment number 14 the Wagga Wagga Development Control Plan 2010 with the following minor amendment to control C5 relating to Harris Road Setbacks:

i Residential Lots adjoining Harris Road shall be at least 1000sqm in size and have the following restrictions enforced by a s88B instrument

c notify the amendment in the local paper with the amendment coming into force on the date it is notified

CARRIED

RECORD OF VOTING ON THE MOTION

For the Motion	Against the Motion
Y Braid OAM
G Conkey OAM
P Funnell
V Keenan
R Kendall
D Tout

Councillor K Pascoe re-entered the chamber, the time being 6:09pm.

RP-2 ADOPTION OF REVIEWED FEES AND CHARGES FOR COMBINED DEVELOPMENT AND CONSTRUCTION CERTIFICATE APPLICATIONS FOR PROJECTS OF $10,000 IN VALUE OR LESS

18/373 RESOLVED:

On the Motion of Councillors R Kendall and K Pascoe

That Council:

a note that there were no submissions received during the exhibition period 28 August 2018 and concluding on 24 September 2018.

b adopt the following new and amended fees and charges for 2018/19

Item Number

Fee and Charge Description

Pricing Policy ID

Basis

2018/19 Fee

(GST excl)

GST

2018/19 Fee (GST incl)

New

CC or CDC Fee (estimated cost up to $5,000)

Each

$340 (inclusive of 2 inspections)

$0.00

$340

Amended

0864

Minor Works Permit Private (Plumbing) - 1 fixture only or works with an estimated cost up to $5,000 (fee includes 2 inspections)

Each

$205

$0.00

$205

CARRIED

RECORD OF VOTING ON THE MOTION

For the Motion	Against the Motion
Y Braid OAM
G Conkey OAM
P Funnell
V Keenan
R Kendall
K Pascoe
D Tout

RP-3 Gregadoo Waste Management Centre - Transformation

18/374 RESOLVED:

On the Motion of Councillors P Funnell and K Pascoe

That Council defer consideration of Gregadoo Waste Management Centre – Transformation until the 29 October 2018 Ordinary Council Meeting.

CARRIED

RECORD OF VOTING ON THE MOTION

For the Motion	Against the Motion
Y Braid OAM
G Conkey OAM
P Funnell
V Keenan
R Kendall
K Pascoe
D Tout

RP-4 PROPOSED ROAD CLOSURE - BURKINSHAWS AND MCCLURES LANE, TARCUTTA

18/375 RESOLVED:

On the Motion of Councillors R Kendall and K Pascoe

That Council:

a note that the Crown Land Legislation Amendment Act 2017 has changed the process for closure of Council public roads

b pursuant to Section 356 of the Local Government Act 1993, endorse the following proposed financial assistance to be placed on public exhibition for a period of 28 days from 13 October 2018 to 10 November 2018 and invite public submissions until 24 November 2018:

Proposed Financial Assistance

Council proposes to provide financial assistance to Malcolm and Kerrie Plum to the value of $1,460 being the difference between the 2017/18 and 2018/19 Road Closure Fee as the Plums were prevented from finalising their 2017/18 road closure application due to the instigation of a moratorium on the acceptance of new road closure applications by the NSW State Department of Industry – Lands & Water (Crown Lands) in April 2018

c receive a further report following the public exhibition and submission period:

i addressing any submissions made in respect of the proposed financial assistance

ii proposing approval of the provision of the financial assistance unless there are any recommended amendments deemed to be substantial and requiring a further public exhibition period

iii propose the closure of part of the unformed Council public roads known as Burkinshaws Lane and McClures Lane under Part 4 Division 3 of the Roads Act 1993

iv proposing to delegate authority to the General Manager or their delegate to execute any necessary documents on behalf of Council

v proposing authorisation for the affixing of Wagga Wagga City Council’s Common Seal to all relevant documents as required

CARRIED

RECORD OF VOTING ON THE MOTION

For the Motion	Against the Motion
Y Braid OAM
G Conkey OAM
P Funnell
V Keenan
R Kendall
K Pascoe
D Tout

RP-5 SECTION 356 FINANCIAL ASSISTANCE REQUESTS - OCTOBER 2018

18/376 RESOLVED:

On the Motion of Councillors R Kendall and K Pascoe

That Council provide financial assistance of the following amounts in accordance with Section 356 of the Local Government Act 1993:

i) Riding for the Disabled Association (RDA) Wagga $ 99.00

ii) Breast Cancer Wagga Support Group $ 90.00

iii) Australian Mechanical Organ Society $ 90.00

iv) Calvary Riverina Hospital $ 650.00

v) Yandarra Committee $ 90.00

vi) Cork & Fork Festival (funded from Major Events Budget) $3,180.00

CARRIED

RECORD OF VOTING ON THE MOTION

For the Motion	Against the Motion
Y Braid OAM
G Conkey OAM
P Funnell
V Keenan
R Kendall
K Pascoe
D Tout

RP-6 OASIS ADMISSION FEES - HAPPY HOUR PROMOTION

18/377 RESOLVED:

On the Motion of Councillors R Kendall and K Pascoe

That Council:

a endorse the inclusion of the following new information in Council’s Revenue and Pricing Policy 2018/19 and place on public exhibition for a period of 28 days from 13 October 2018 to 10 November 2018 and invite public submissions until 24 November 2018:

Oasis Regional Aquatic Centre

While Oasis fees have been set based on competitive market rates, and also on maximising visitation to the centres, from time to time a reduced pricing point may be offered up to a maximum of 50% of the approved price, and advertised to support a promotion aimed at increasing participation and / or attracting new customers. A reduced pricing point will require Management Approval.

A discounted promotional pricing point will be offered for a specified period of time only and all promotional conditions will be advertised.

b receive a further report following the exhibition and submission period:

i addressing any submissions made in respect of the proposed amendments to Council’s Revenue and Pricing Policy 2018/19

ii proposing adoption of the fee description amendments unless there are any recommended amendments deemed to be substantial and requiring a further public exhibition period

iii proposing approval of a delegation to the General Manager to authorise reduced pricing points

CARRIED

RECORD OF VOTING ON THE MOTION

For the Motion	Against the Motion
Y Braid OAM
G Conkey OAM
P Funnell
V Keenan
R Kendall
K Pascoe
D Tout

COMMITTEE MINUTES

M-1 TRAFFIC COMMITTEE MINUTES - 13 SEPTEMBER 2018

18/378 RESOLVED:

On the Motion of Councillors R Kendall and K Pascoe

That Council:

a receive the minutes of the Traffic Committee Meeting held on 13 September 2018

b endorse the recommendations of the Traffic Committee

CARRIED

RECORD OF VOTING ON THE MOTION

For the Motion	Against the Motion
Y Braid OAM
G Conkey OAM
P Funnell
V Keenan
R Kendall
K Pascoe
D Tout

QUESTIONS/BUSINESS WITH NOTICE

The following Questions / Business with Notice were raised with no further action required.

1. Councillor P Funnell requested an update on Council’s position on the Livestock Marketing Centre/Roads and Maritime Services weighbridge requirements. Councillor K Pascoe queried whether or not a private weighbridge can be used?

2. Councillor D Tout and the Mayor, Councillor G Conkey OAM acknowledged all Council staff for their involvement in the Spring Jam event held Saturday, 8 October 2018. It was a very successful event with an estimated 6,000 people turning up to the event.

3. The Mayor, Councillor G Conkey OAM passed on thanks to Council staff from the Gears and Beers Committee on a successfully run event.

4. The Mayor, Councillor G Conkey OAM attended the funeral of Mrs Kaye Lean today and sends his condolences to her husband Alan and family. The Mayor noted that Kaye was one of the founders of Country Hope and a remarkable member of this community.

CONFIDENTIAL REPORTS

CONF-1 RFT2019-05 GEOTECHNICAL TESTING SERVICES

18/379 RESOLVED:

On the Motion of Councillors R Kendall and K Pascoe

That Council:

a accept the offer of Aitken Rowe Testing Laboratories Pty Ltd (ABN: 53 058 315 138) for geotechnical testing services throughout the Wagga Wagga Local Government Area (LGA)

b authorise the General Manager or their delegate to enter into a contract with Aitken Rowe Testing Laboratories Pty Ltd (ABN: 53 058 315 138) for geotechnical testing services for a period of two years

c authorise the General Manager or their delegate to extend the contract for 12-month

d authorises the affixing of Council’s Common Seal to all relevant documents as required

CARRIED

RECORD OF VOTING ON THE MOTION

For the Motion	Against the Motion
Y Braid OAM
G Conkey OAM
P Funnell
V Keenan
R Kendall
K Pascoe
D Tout

CONF-2 RFT2018-09 - AIRPORT TAXIWAY UPGRADE

The Mayor, Councillor Greg Conkey OAM advised that RFT2018-09 - AIRPORT TAXIWAY UPGRADE has been withdrawn and will be deferred to a future council meeting.

THIS COMPLETED THE BUSINESS OF THE COUNCIL MEETING WHICH ROSE AT 6.17pm.

…………………………………………………..

MAYOR

Reserve Name	30 June 2018 Balance	30 June 2017 Balance	Increase/ (Decrease) from prior year*
Plant and Vehicle Replacement	$3.935M	$5.894M	($1.959M)
Employees Leave Entitlements	$3.323M	$3.185M	$138K
Fit for the Future	$5.340M	$3.033M	$2.307M
Grant Commission	$5.199M	$4.957M	$242K

1.	2017/18 Draft General Purpose Financial Statements - Provided under separate cover
2 .	2017/18 Draft Special Purpose Financial Statements - Provided under separate cover
3 .	2017/18 Draft Special Schedules - Provided under separate cover
4 .	2017/18 GPFS Councillor Statement - Provided under separate cover
5 .	2017/18 SPFS Councillor Statement - Provided under separate cover

Alert Level	Cell Concentration of cyanobacteria	Action required
Green	500 to <5000 cells/mL M.aeruginosa	No restriction
Amber	5000 to <50,000 cells/mL M.aeruginosa	No restriction. Increased sampling to enable risks to be more accurately assessed
Red	10μg/L total microcystins OR 50,000 cells/mL toxic M.aeruginosa or biovolume equivalent of 4mm3L for the combined total of all cyanobacteria where a known toxin producer is dominate in the total biovolume	WWCC and health authorities to warn the public that the water body is considered to be unsuitable for water contact activities, such as swimming, bathing, sailing, skiing or other direct water-contact sports.