AGENDA AND BUSINESS PAPER

 

 

Ordinary Meeting of Council

 

 

 

To be held on
Monday

28 October 2019

AT 6.00pm

 

 

 

Cnr Baylis and Morrow Streets,
Wagga Wagga NSW 2650
PO Box 20, Wagga Wagga

 

Phone: 1300 292 442
Fax: 02 6926 9199
Website: www.wagga.nsw.gov.au


NOTICE OF MEETING

In pursuance of the provisions of the Local Government Act, 1993 and the Regulations there under, notice is hereby given that an Ordinary Meeting of the Council of the City of Wagga Wagga will be held in the Council Chamber, Civic Centre, Corner Baylis and Morrow Streets, Wagga Wagga, on Monday 28 October 2019 at 6.00pm.

 

Council live streams video and audio of Council meetings. Members of the public are advised that their voice and/or image may form part of the webcast.

 

 

2Peter_500px

 

Mr Peter Thompson

General Manager

 


WAGGA WAGGA CITY COUNCILLORS

 

 

Councillor G

Mayor

Councillor Greg

Conkey OAM

Councillor D

Deputy Mayor

Councillor Dallas Tout

Councillor Y

Councillor Yvonne Braid

Councillor P

Councillor Paul Funnell

Councillor D

Councillor Dan Hayes

Councillor V

Councillor Vanessa Keenan

Councillor R

Councillor Rod Kendall

Councillor T

Councillor Tim Koschel

Councillor K

Councillor Kerry Pascoe

 

 

 

 

 

 

 

 

QUORUM

The quorum for a meeting of the Council is a majority of the Councillors of the Council who hold office for the time being who are eligible to vote at the meeting.


COUNCIL MEETING ROOM

 

 

 

 


Reports submitted to the Ordinary Meeting of Council to be held on Monday 28 October 2019.

 

Ordinary Meeting of Council AGENDA AND BUSINESS PAPER

Monday 28 October 2019

ORDER OF BUSINESS:

CLAUSE               PRECIS                                                                                            PAGE

PRAYER                                                                                                                            3

ACKNOWLEDGEMENT OF COUNTRY                                                                               3

APOLOGIES                                                                                                                      3

CONFIRMATIONS OF MINUTES                                                                                        3

CM-1           ORDINARY COUNCIL MEETING - 8 OCTOBER 2019       

DECLARATIONS OF INTEREST                                                                                        3

Motions Of Which Due Notice Has Been Given

NOM-1         NOTICE OF MOTION - LAKE ALBERT                                                            4

NOM-2         NOTICE OF MOTION - REVIEW OF BOURKE STREET                                   6

NOM-3         NOTICE OF MOTION - VOTE OF NO CONFIDENCE IN COUNCILLOR KEENAN  8

NOM-4         NOTICE OF MOTION - REPRESENTING THE INTERESTS OF COUNCIL AT CONFERENCES                                                                                            10  

Reports from Staff

RP-1            DA18/0408 - Pig Farm (Intensive Livestock Agriculture) – 15,000 Standard Pig Unit Facility and associated infrastructure                        12

RP-2            ANNUAL FINANCIAL STATEMENTS 2018/19                                                17

RP-3            Financial Performance Report as at 30 September 2019            28

RP-4            LAKE ALBERT ROAD REHABILITATION STAGE 2 - REQUEST FOR ADDITIONAL FUNDING                                                                                                      67

RP-5            DRAFT NEW POLICY - POL118 - ROADSIDE MEMORIALS POLICY             70

RP-6            Official invitation to attend 4th Kunming International Sister City Seminar                                                                                                      77

RP-7            Douglas Aerospace Working Group                                                82

RP-8            COUNCIL MEETING DATES JANUARY 2020 to DECEMBER 2020              87

RP-9            Mobile Food Vendor - Policy & Fee Exhibition                                89

RP-10          DRAFT COMPLAINT HANDLING POLICY (POL 103)                                   104

RP-11          Response to Questions/Business with Notice                              120  


 

 

Committee Minutes

M-1              Audit, Risk and Improvement Committee Meeting Minutes 10 October 2019                                                                                                                      122

M-2              TRAFFIC COMMITTEE - 12 SEPTEMBER 2019                                              130

M-3              FLOODPLAIN RISK MANAGEMENT ADVISORY COMMITTEE - MINUTES - 1 OCTOBER 2019                                                                                                              141   

QUESTIONS/BUSINESS WITH NOTICE                                                                            146

Confidential Reports

CONF-1       RFT2019-33 STRENGTHENING AND WIDENING EUNONY BRIDGE              147

CONF-2       BOTANIC GARDENS RESTAURANT AND CAFE LEASE                               148

CONF-3       Lake Albert Blue Green Algae Remediation (Extension of Trial) 149

CONF-4       RFT2020-08 ROAD STABILISATION PRODUCTS SUPPLY                            150

CONF-5       EXHIBITION CENTRE IMPROVEMENT PROJECTS                                       151  

 


 

 

PRAYER

 

 

ACKNOWLEDGEMENT OF COUNTRY

 

 

APOLOGIES

 

 

Confirmation of Minutes

CM-1              ORDINARY COUNCIL MEETING - 8 OCTOBER 2019       

 

Recommendation

That the Minutes of the proceedings of the Ordinary Council Meeting held on 8 October 2019 be confirmed as a true and accurate record.

 

 

Attachments

 

1.

Ordinary Council Meeting Minutes - 8 October 2019

152

 

 

DECLARATIONS OF INTEREST


Report submitted to the Ordinary Meeting of Council on Monday 28 October 2019

NOM-1

 

Motions Of Which Due Notice Has Been Given

NOM-1           NOTICE OF MOTION - LAKE ALBERT

Author:          Councillor Tim Koschel

 

 

Summary:

Lake Albert is an important asset to the City of Wagga Wagga. With Staff currently undertaking the development of a new Plan of Management for Lake Albert a final report on the outcomes of the previous plan will inform Councillors and the Community of the actions undertaken and their impact.

 

 

Recommendation

That Council:

a       receive a report on the outcomes of the Lake Albert Management Plan that details all actions and investigations undertaken in response to the plan’s recommendations; and

b       receive an update on the development of the new Lake Albert Plan of Management and the proposed timeline for implementation

c        create a priority list of projects which can be included in Council’s future advocacy plan

 

Report

Lake Albert is an important asset to the City of Wagga Wagga that has in recent times been impacted by low water levels and blue green algae outbreaks.  Despite this it remains a valued community recreational and environmental asset for the City

 

Council (often in partnership with Community organisations) have undertaken and continue to undertake investigations and actions in regard to addressing the low water level and algae issues whilst also improving the usability and amenity of the Lake Albert precinct. 

 

With Staff currently undertaking the development of a new Plan of Management for Lake Albert a final report to Council on the outcomes of the previous plan will inform Councillors and the Community of the actions and investigations undertaken and their impact.

Financial Implications

N/A

Policy and Legislation

Wagga Wagga City Council Code of Meeting Practice


 

 

Link to Strategic Plan

The Environment

Objective: Create and maintain a functional, attractive and health promoting built environment

Outcome: We look after and maintain our community assets

 

Risk Management Issues for Council

N/A

Internal / External Consultation

N/A

 

 

 

  


Report submitted to the Ordinary Meeting of Council on Monday 28 October 2019

NOM-2

 

NOM-2           NOTICE OF MOTION - REVIEW OF BOURKE STREET

Author:          Councillor Dan Hayes

 

 

Summary:

The purpose of this Notice of Motion is for Council to consider improvements for Bourke Street specifically between Fernleigh Road and Red Hill Road.

 

 

Recommendation

That Council receive a report that provides:

a       an overview of all current projects being explored for Bourke Street

b       options to improve the safety and amenity of the road for pedestrians and           drivers

 

Report

Different concerns and complaints have been raised about Bourke Street specifically between Red Hill Road and Fernleigh Road. While many of these concerns have been actioned or currently being reviewed there remains a significant issue of the safety and amenity of one the city’s key roads. This is due to the confluence of issues such as:

·      four lanes of traffic

·      pedestrian crossings

·      lighting

·      school zones

·      trees blocking sight of drivers

·      shopping centre

A report outlining the current projects being explored, as well as identifying issues for pedestrians and drivers, and the opportunities and restraints of relevant traffic rules and guidelines, will allow Council and the community to consider significant improvements and associated costs.

Financial Implications

N/A

Policy and Legislation

Wagga Wagga City Council Code of Meeting Practice


 

 

Link to Strategic Plan

Community Leadership and Collaboration

Objective: We have strong leadership

Outcome: We have leaders that represent us

 

Risk Management Issues for Council

N/A

Internal / External Consultation

N/A

 

 

  


Report submitted to the Ordinary Meeting of Council on Monday 28 October 2019

NOM-3

 

NOM-3           NOTICE OF MOTION - VOTE OF NO CONFIDENCE IN COUNCILLOR KEENAN

Author:          Councillor Tim Koschel

 

 

Summary:

Elected Council representatives should represent the interests of Wagga Wagga City Council (Council) when attending and voting at state and federal conferences. Councillor Keenan has refused to disclose the way in which she voted during a recent ratepayer paid conference and I believe these actions leave no confidence in Councillor Keenan representing Council.

 

 

Recommendation

That Council conduct a vote of no confidence in Councillor Vanessa Keenan.

 

Report

The role of Councillors is to represent the interests of the City of Wagga Wagga and the decisions made by Council, whether you support the decision or not.

 

Councillor Keenan was elected by the Councillors to represent Council at the recent Local Government NSW conference. This trip was funded by ratepayers for all elected Councillors to represent Wagga Wagga and the decisions made by the elected body, not for individual Councillors to vote based on personal interests or political parties they are aligned with.

 

Councillor Keenan has refused to disclose the way in which she voted during a ratepayer paid conference. The way Councillors vote when representing the Council should be completely transparent and be reflective of past decisions / strategic directions set by the elected body (as resolved).

 

I believe these actions leave no confidence in Councillor Keenan representing Council.

 

Financial Implications

N/A

Policy and Legislation

Wagga Wagga Code of Meeting Practice

 

Link to Strategic Plan

Community Leadership and Collaboration

Objective: We have strong leadership

Outcome: We are accountable and transparent

 


 

 

Risk Management Issues for Council

N/A

Internal / External Consultation

N/A

 

 

  


Report submitted to the Ordinary Meeting of Council on Monday 28 October 2019

NOM-4

 

NOM-4           NOTICE OF MOTION - REPRESENTING THE INTERESTS OF COUNCIL AT CONFERENCES

Author:          Councillor Tim Koschel

 

 

Summary:

The purpose of this notice of motion is for Council to develop a policy for sending elected Councillors to all conferences including state and national conferences.

 

 

Recommendation

That Council:

a       receive a report with a draft policy as outlined in the body of this report

b       request that the report be completed and implemented before nominations are called for the next conference

 

Report

The purpose of this notice of motion is for Council to develop a new policy (or update an existing policy) for sending elected Councillors to all conferences, including state and national conferences. The policy is to include the below, and be completed and implemented by the time the nominations are called for the next conference.

 

a     Elected Council representatives are required to represent the interest of Wagga Wagga City Council (Council) and endorse decisions made by elected members in previous Council meetings (If elected Council representative has voting rights)

 

b     Councillors are not to represent self-interests or those expressed by political parties that they are members of (If elected Council representative has voting rights)

 

c     All elected members need to report back to Council in an open manner about the way in which they voted in the conference as they are representing the entire elected body

 

d     Any elected Councillor who represents themselves and not the interests of Council, or refuses to disclose the way they voted will exclude themselves from being nominated to attend futures conference during current term of Council

 

Financial Implications

N/A

Policy and Legislation

Wagga Wagga Code of Meeting Practice

 


 

 

Link to Strategic Plan

Community Leadership and Collaboration

Objective: We have strong leadership

Outcome: We have leaders that represent us

 

Risk Management Issues for Council

Without a policy in place, there is a risk of Councillors representing themselves and not the interests of the whole Council when attending conferences.

Internal / External Consultation

N/A

 

 

    

 

 


Report submitted to the Ordinary Meeting of Council on Monday 28 October 2019

RP-1

 

Reports from Staff

RP-1               DA18/0408 - Pig Farm (Intensive Livestock Agriculture) – 15,000 Standard Pig Unit Facility and associated infrastructure

Author:                        Cameron Collins 

General Manager:    Peter Thompson

         

 

Summary:

The report is for a development application and is presented to Council for determination. The application has been referred to Council under Section 1.10 of the Wagga Wagga Development Control Plan 2010 (WWDCP) as the number of submissions in the form of objections received is more than 10.

 

 

Recommendation

That Council approve DA18/0408 for a pig farm (intensive livestock agriculture) incorporating a 15,000 standard pig unit facility and associated infrastructure at 240 Flanagans Road, Matong, Lots 48, 51 & 54 DP 750854 and Lot 1 DP 1085420 subject to conditions outlined in the Section 4.15 assessment report for DA18/0408.

 

Development Application Details

 

Applicant

Pig Improvement Company Australia Pty Ltd (PICA)

Owner

Sunpork Pty Ltd

 

Directors:

Donald Clarendon Taylor

John Beauchamp Cameron

Brian John McLean

Kenneth Beauchamp Cameron

Simon Alexander Hall

Pamela Anne McLean

Enzo Allara

Robert John van Barneveld

David Roger Alexander Hall

 

Secretary:

Geoffrey Miller

 

Development Cost

$9,000,000

Development Description

Pig Farm (Intensive Livestock Agriculture) – 15,000 Standard Pig Unit Facility and associated infrastructure

 


 

Report

Key Issues

 

The proposal is ‘designated development’ under the EP&A Act because of the size of the piggery. As ‘designated’ development, the application is accompanied by an Environmental Impact Statement (EIS) prepared in accordance with the Planning Secretary’s Environmental Assessment Requirements (SEAR’s). The EIS addresses the potential impacts of the piggery including waste, odour, noise and traffic

 

The proposal is ‘integrated development’ because it also requires a license under the NSW Protection of the Environment Operations Act 1997. General Terms of Approval have been issued by the NSW Environment Protection Authority.

 

Public notification of the application resulted in the receipt of a significant number of public submissions in the form of objections.

 

The site adjoins both the Coolamon Shire LGA and the Narrandera Shire LGA. Submissions received from both Council’s did not result in any significant concerns.

 

All key issues are addressed within the attached Section 4.15 assessment report.

 

Assessment

 

The development application is for ‘intensive livestock agriculture’ comprised of a 1,200 sow ‘farrow to finish’ piggery on a 604ha rural property in Flanagans Road, south of Matong.  The proposal is ‘designated’ and ‘integrated’ development and as is required by the Environmental Planning and Assessment Regulation 2000, the application is accompanied by an EIS and addresses the Planning Secretary’s Environmental Assessment Requirements (SEAR’s).

 

The application has been referred to relevant government agencies and publicly exhibited in accordance with the requirements for designated development. The application attracted a significant number of objections from across the country mostly on the grounds that the operation of indoor piggeries in general is tantamount to animal cruelty and that the facility presents as an unacceptable environmental risk. No objections were received from government agencies and there was a small number of local submissions in support of the proposal.

 

The application has been assessed against the requirements of Section 4.15 of the EP&A Act (see attached assessment report), that sets out the matters a consent authority (in this case Wagga Wagga City Council) must consider development applications against. In particular, consideration has been given to the environmental impacts of the piggery and the proposed means of mitigating any detrimental impacts.

 

As detailed in the attached Section 4.15 assessment report, it is concluded there are no justifiable grounds for refusing the application.  Consequently, the application is recommended for approval subject to conditions imposed under Section 4.17 of the EP&A Act.

 


 

Reasons for Approval

 

The development is consistent with the aims, objectives and provisions of both the Wagga Wagga Local Environmental Plan 2010, Wagga Wagga Development Control Plan 2010 and relevant state planning policies.

 

The application has been assessed against the heads of consideration under Section 4.15 of the Environmental Planning and Assessment Act 1979 and deemed to be satisfactory with regard to the impacts of the development and the proposed means of mitigating against the impacts.

 

General Terms of Approval have been issued by the Environment Protection Authority (EPA) with respect to an Environmental Protection License under the Protection of the Environment Operations Act 1997.

 

Site Location

 

The site for the piggery is centrally located on a large rural land parcel comprised of four lots with a total area of 604 hectares. The land has frontage to Flanagans Road with the proposed access being approximately 2.5 kilometres north of its intersection with Old Narrandera Road. The subject land is approximately 10 kilometres to the south west of Matong, 25 kilometres east of Narrandera and 55 kilometres west of Wagga Wagga.  It abuts the Narrandera Shire to the west and Coolamon Shire to the north east.

 

Financial Implications

N/A

Policy

N/A

 

Link to Strategic Plan

The Environment

Objective: We plan for the growth of the city

Outcome: We have sustainable urban development

 

Risk Management Issues for Council

Refusal of the application may result in an appeal process in the Land and Environment Court which will have to be defended by Council. The reasons for refusal will have to be justified and withstand scrutiny and cross examination in Court.

 

Approval is not considered to raise risk management issues for Council as the proposed development is generally consistent with the relevant provisions of the Wagga Wagga Local Environmental Plan 2010 and the Wagga Wagga Development Control Plan 2010.

Internal / External Consultation

Full details of consultation are provided within the attached Section 4.15 assessment report.

 

With regard to the attached redacted public submissions please note that this contains:

 

·           7 submissions in support (all local).

·           4 objections from adjoining or nearby landowners/occupants.

·           10 individual and unique objections from farther afield.

·           8 objections from organisations (including political parties).

·           1 copy of the133 individual objections based on a 16-page pro forma submission (or a variation thereof).

·           1 copy of the written content of 2 petitions against the development:

o     an on-line petition hosted by Animal Liberation, objecting to the application containing more than 3,500 claimed signatories (at the time of drafting this report).

o     an on-line petition hosted by Say No To Pig Improvement Company’s Expansion In Matong objecting to the application and containing more than 5,500 claimed signatories (at the time of drafting this report).

·           A Councillor Workshop was held on Monday 21 October 2019 to provide clarification on a range of matters within the report. A copy of the information paper supplied to Councillors including answers provided is attached to this report.

 

A Councillor workshop was held on 21 October 2019, with the following Councillors in attendance:

 

·         Councillor Braid

·         Councillor Conkey

·         Councillor Funnell

·         Councillor Hayes

·         Councillor Keenan

·         Councillor Kendall

·         Councillor Pascoe

·         Councillor Tout

 

 

 

Mail

Media

Community Engagement

Digital

Rates notices insert

Direct mail

Letterbox drop

Council news story

Council News advert

Media releases

TV/radio advertising

One-on-one meetings

Your Say website

Community meetings

Stakeholder workshops

Drop-in sessions

Surveys and feedback forms

Social media

Email newsletters

Website

Digital advertising

TIER

Consult

 

x

 

x

 

 

 

 

 

 

 

x

 

Involve

 

 

 

 

 

 

 

 

Collaborate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Attachments

 

1.

DA18-0408 - Environmental Impact Statement - Provided under separate cover

 

2.

DA18-0408 - Site Plans - Provided under separate cover

 

3.

DA18/0408 - Building Plans - Provided under separate cover

 

4.

DA18/0408 - Government Submissions - Provided under separate cover

 

5.

DA18-0408 - Redacted Public Submissions - Provided under separate cover

 

6.

DA18-0408 - Applicant's Response to Government Submissions - Provided under separate cover

 

7.

DA18-0408 - Applicant's Response to Public Submissions - Provided under separate cover

 

8.

DA18-0408 - Section 4.15 Assessment Report - Provided under separate cover

 

9.

DA18-0408 - Councillor Briefing Paper - Provided under separate cover

 

  


Report submitted to the Ordinary Meeting of Council on Monday 28 October 2019.                                                       RP-2

 

RP-2               ANNUAL FINANCIAL STATEMENTS 2018/19

Author:          Carolyn Rodney 

Director:       Natalie Te Pohe

         

 

Analysis:

The 2018/19 Financial Statements have been completed by Council staff and have recently been audited by the NSW Audit Office.

 

 

Recommendation

That Council:

a       note the comments from the Audit, Risk & Improvement Committee regarding the 2018/19 Financial Statements

b       approve the signing of the 2018/19 Financial Statements pursuant to Section 413 (2)(c) of the Local Government Act 1993

c        approve the closing balances of the Restricted Assets (Reserves) as at 30 June 2019 as detailed in Note 6 (c) - Cash & Investments

d       receive a presentation from the NSW Audit Office on the audited financial reports and auditors report at the 25 November 2019 Council Meeting, pursuant to Section 418(1) and provide public notice accordingly

 

Report

The 2018/19 Annual Financial Statements have been prepared and Council’s external auditors, NSW Audit Office have completed their audit. It is a requirement of the Local Government Act 1993 that Council prepare a statement on the General Purpose and Special Purpose Financial Reports prior to sign off by the auditor. These statements must be signed by the Mayor, one Councillor, the General Manager and the Responsible Accounting Officer.

 

This statement is required to be signed and included in the Financial Statements prior to the auditor providing the final audit reports. The Financial Statements together with the auditors’ reports must be forwarded to the Department of Planning, Industry and Environment (formerly the Office of Local Government) by 31 October 2019.

 

The 2018/19 financial statements were presented to the Audit, Risk & Improvement Committee (ARIC) at its meeting on 10 October 2019. The report from the Chairperson is included in the Committee meetings minutes in a separate report to this meeting, with an extract provided below for Councillors’ information:

 

Extract from the Report from the ARIC Chairperson:

 

RP4 and 5: Financial Statements

 

Preparation of financial statements is the responsibility of management and the Council, not the external auditors or the Audit, Risk and Improvement Committee.

 

The Committee’s responsibility is to make an advisory judgement on the financial statements and the systems and procedures used to create them.

The Director Finance advised the Audit, Risk and Improvement Committee that the external audit of the 2018/2019 financial statements has been completed successfully and that there were no contentious financial reporting matters or material changes to be reported.

 

The Committee reviewed the key aspects of the financial statements and sought clarification of a number of issues. Matters discussed included:

·    Changes to accounting standards

·    Explanation of key movements in the net operating result for the year

·    RFS assets and Crown Lands

·    Financial performance indicators

·    Asset valuation and impairment

·    Contingent assets and liabilities

·    Working capital, and

·    Events since balance date.

 

As a result of these discussions and internal audit coverage during the year and past periods, the Audit, Risk and Improvement Committee reached the conclusion that, in accordance with its charter:

·    it was satisfied that the annual financial statements for the year ended 30 June 2019 comply with applicable Australian accounting standards and are supported by appropriate management sign-off on the statements and Council’s systems of internal controls;

·    the proposed external audit opinion was supported by appropriate coverage and management had taken appropriate action on all material audit recommendations to date; and

·    ·there were no other contentious financial reporting matters that the Committee considered should be reported to Council.

 

Council’s external auditors informed the Committee that (subject to final clearance of minor changes to the statements) the external audit report on the financial statements would be unqualified and that Council’s financial position is ‘sound’.

 

They also advised that they found no accounting policies or application of policies, other than was already disclosed in the statements, that needed to be brought to the attention of the Audit, Risk and Improvement Committee.

 

The external auditors noted that the working papers and the level of co-operation provided during the audit were both professional and of high standard.

 

Marg Nicholls

Chair

Wagga Wagga City Council Audit, Risk and Improvement Committee

2018/19 Financial Overview

The 2018/19 draft financial statements show total income from continuing operations of $154.9M and total expenses from continuing operations of $127.4M, resulting in a preliminary net operating surplus of $27.5M (including capital grants and contributions). The 2017/18 financial year resulted in a net operating surplus of $22.1M. The main difference in the increased net result was attributable to an increase in capital grants and contributions and rates and annual charges recognised during 2018/19.

 

Extract from the 2018/19 Draft Financial Statements – Income Statement:

 

 

For the 2018/19 financial year, Council met the benchmark for four (4) of the six (6) performance indicators outlined within the financial statements. This is a decrease from the five (5) met in 2017/18. Below is an extract of the performance indicators from the draft 2018/19 financial statements.


Extract from the 2018/19 Draft Financial Statements – Statement of performance measures:

 

 

As a result of Council undertaking loan refinancing for a number of existing loans during 2018/19, the Debt service cover ratio took a one-off hit – reducing from 4.79x in 2017/18 to 1.54x in 2018/19. This refinancing will result in a better overall result for Council of approximately $0.239M over the next 6-8 years. If the refinancing did not occur, the Debt service cover ratio would have been 3.75x and achieving the recommended benchmark.


 

As of 30 June 2019, Council held $33.1M in internal reserves, a decrease of $3.7M on the previous year. The major internally restricted reserves Council holds are:

 

Reserve Name

30 June 2019

Balance

30 June 2018

Balance

Increase/

(Decrease) from prior year*

Plant and Vehicle Replacement

$3.550M

$3.935M

($0.385M)

Employees Leave Entitlements

$3.585M

$3.323M

$0.262M

Fit for the Future

$1.785M

$5.340M

($3.555M)

Grant Commission

$5.256M

$5.199M

$0.057M

 

*Notes on Increases/(Decreases):

 

·    Plant and Vehicle Replacement Reserve – Council experienced delays in fulfilling their plant replacement program during the 2016/17 financial year and were able to catch up some of the backlog in replacement during both the 2017/18 and 2018/19 financial years.

 

·    Fit for the Future Reserve – an additional $1.36M has been transferred to this Reserve during 2018/19, with a one-off transfer of funding from the Reserve of ($4.55M) that is proposed to be paid back to this Reserve from the Sewer fund pending the Minister for Local Government’s approval of this internal loan. These transfers have resulted in a reduced closing balance of $1.785M at 30 June 2019.

 

·    Grant Commission Reserve – $5.256M received for a 50% prepayment of the Financial Assistance Grant relating to the 2019/20 financial year. This prepayment commenced in the 2016/17 financial year.

 

·    Additional Reserve transfers – following a number of years of uncommitted operating surplus results to budget, Council staff have allocated an additional $2.2M in Reserve transfers including $1M for the Fit for the Future Reserve, $0.500M for the Economic Development Reserve, $0.300M for the Bridge Replacement Reserve, $0.200M for the Information Services Reserve and $0.100M each for the Sporting Event Attraction and Sporting Event Operations Reserves. These amounts held in Reserve will be utilised this financial year or in future financial years, with Council adoption required to transfer funds out of these Reserves when they are proposed to be utilised.

 

A copy of the Draft Financial Statements are attached to this report.

 

Update to Report on Infrastructure Assets (previously named Special Schedule 7) – unaudited report.  Post ARIC meeting adjustment

 

After completion of the draft financial statements and after the ARIC meeting, staff identified that the original Report on Infrastructure Assets (previously Special Schedule 7) workpapers for Roads assets (sealed and unsealed) were calculated at an asset level, and not at a component level. 

 

Wagga’s sealed roads are componentised into 4 levels – surface, pavement base, pavement sub-base and formation; with unsealed roads componentised into two levels – pavement base and formation.

 

The amended calculation results in a reduction to the roads backlog figure from $136.8M to $100.2M for 2018/19 and was $121.3M for 2017/18. This reduction is reflective of the work carried out during the 2018/19 financial year, along with updates to the road network condition data.   

 

 

2017/18

Estimated cost

to bring assets

to satisfactory

standard

$’000

PREVIOUS DRAFT

STATEMENTS

Estimated cost

to bring assets

to satisfactory

standard

$’000

REVISED

Estimated cost

to bring assets

to satisfactory

standard

 

$’000

Sealed Roads

$89,455

$100,606

$74,536

Unsealed Roads

$31,859

$36,209

$25,660

    Subtotal Roads

$121,314

$136,815

$100,196

 

The Report on Infrastructure Assets statement is an unaudited statement.  Council staff have advised the NSW Audit Office of this adjustment, and they have no issues with this proposed late change, due to the report falling outside of their audit.

 

An email has been sent to all ARIC committee members advising them of the adjustment to the draft financial statements.

 

Financial Implications

Whilst this report and associated attachments show Council’s financial performance and position for the 2018/19 financial year, the adoption of this report by the Council has no financial implications.

Policy and Legislation

Local Government Act 1993

Sections:   413 - Preparation of Financial Reports

418 - Public notice to be given of presentation of financial reports

 

Link to Strategic Plan

Community Leadership and Collaboration

Objective: We have strong leadership

Outcome: We are accountable and transparent

 

Risk Management Issues for Council

The NSW Audit Office have provided Council with a final Management Letter which has identified four (4) issues with three (3) rated as Low and one (1) rated as Moderate. Council officers will undertake the actions that have been identified in each of the Management Responses.


 

Internal / External Consultation

The 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….”

 

Council’s external auditors, NSW Audit Office have liaised with Council’s Finance division, along with presenting the results to the Audit, Risk and Improvement Committee on 10 October, and to Councillors at a workshop held on 21 October with the following Councillors in attendance:

 

·           Mayor Councillor Greg Conkey OAM

·           Deputy Mayor Councillor Dallas Tout

·           Councillor Yvonne Braid

·           Councillor Paul Funnell

·           Councillor Dan Hayes

·           Councillor Vanessa Keenan

·           Councillor Rod Kendall

·           Councillor Kerry Pascoe

·           Councillor Tim Koschel

 

 

 

Mail

Media

Community Engagement

Digital

Rates notices insert

Direct mail

Letterbox drop

Council news story

Council News advert

Media releases

TV/radio advertising

One-on-one meetings

Your Say website

Community meetings

Stakeholder workshops

Drop-in sessions

Surveys and feedback forms

Social media

Email newsletters

Website

Digital advertising

TIER

Consult

 

 

 

X

 

 

 

 

 

 

 

X

 

Involve

 

 

 

 

 

 

 

 

Collaborate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Attachments  

1.

2018/19 Draft Financial Statements - Provided under separate cover

 

2.

2018/19 General Purpose Financial Statements - Statement by Councillors and Management

 

3.

2018/19 Special Purpose Financial Statements - Statement by Councillors and Management

 

 

 


Report submitted to the Ordinary Meeting of Council on Monday 28 October 2019.                                                       RP-2

 


Report submitted to the Ordinary Meeting of Council on Monday 28 October 2019.                                                       RP-2

 


Report submitted to the Ordinary Meeting of Council on Monday 28 October 2019

RP-3

 

RP-3               Financial Performance Report as at 30 September 2019

Author:         Carolyn Rodney 

Director:       Natalie Te Pohe

         

 

Summary:

This report is for Council to consider and approve the proposed 2019/20 budget variations required to manage the 2019/20 budget and Long Term Financial Plan, and details Council’s external investments and performance as at 30 September 2019.

 

This report also presents the financial assistance requests Council has received over the past month.

 

 

Recommendation

That Council:

a       approve the proposed 2019/20 budget variations for the month ended 30 September 2019 and note the balanced budget position as presented in this report

b       in accordance with Section 356 of the Local Government Act, provide financial assistance to the following:

i         Wagga Wagga Local Aboriginal Education Consultative Group (WLAECG)  $850.00 (Request 1)

ii        Gunni Thakun Cultural Association $196.00 (Request 2)

iii       Climate Rescue of Wagga Inc. (CROW) $160.00 (Request 3)

iv       NSW Sports Federation Inc (Sport NSW) $348.00 (Request 4)

v        Wagga Wagga Pink Stumps Committee $1,077.00 (Request 5)

vi       Wagga Autism Support Group $90.00 (Request 6)

vii      Riverina Medical & Dental & Dental Aboriginal Corporation $95.00 (Request 7)

viii     Multicultural Council of Wagga Wagga Inc $1,800.00 (Request 8)

ix       Wagga Inter Church Council $2,200.00 plus provide further financial assistance by covering the cost of additional general waste and recycling bins required for the “Christmas Carols in the Park 2019” event (Request 9)

x        Vigil at Wagga Victory Memorial Gardens $95.00 (Request 10)

xi       Tarcutta Transport and Farming Museum $873.12 (Request 11)

c        rescind the 2019/20 contribution to Kurrajong Waratah of $2,200 for the 2019 “Christmas Spectacular” as this event will not be staged in 2019 by Kurrajong Waratah and was originally included in the adopted 2019/20 Combined Delivery Program and Operational Plan (Minute No 19/212 from the 24 June 2019 Council Officers Report RP-1)

d       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

e       note the details of the external investments as at 30 September 2019 in accordance with section 625 of the Local Government Act 1993

 

Report

Wagga Wagga City Council (Council) forecasts a balanced budget position as at 30 September 2019. Proposed budget variations are detailed in this report for Council’s consideration and adoption.

 

Council has experienced a negative monthly investment performance for the month of September, when compared to budget. This is mainly due to a negative movement for Council’s Floating Rate Note portfolio.

 

 

Key Performance Indicators

 

 

OPERATING INCOME

Total operating income is 24% of approved budget, which is on 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 69%.

 

OPERATING EXPENSES

Total operating expenditure is 27% of approved budget and is tracking slightly higher than the budget for the full financial year.

 


 

 

CAPITAL INCOME

Total capital income is 4% 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 17% of approved budget.

 

CURRENT LONG TERM FINANCIAL PLAN – PROJECTED SURPLUS/ (DEFICIT) BUDGET POSITION

 

 


 

WAGGA WAGGA CITY COUNCIL
STATEMENT OF FINANCIAL PERFORMANCE
1 JULY 2019 TO 30 SEPTEMBER 2019

CONSOLIDATED STATEMENT

 

ORIGINAL
BUDGET
2019/20

BUDGET ADJ
2019/20

APPROVED BUDGET
2019/20

YTD ACTUAL   EXCL COMMT'S 2019/20

COMMT'S 2019/20

YTD ACTUAL + COMMT'S
2019/20

YTD % OF BUD

Revenue 

Rates & Annual Charges

(69,736,893)

0

(69,736,893)

(17,166,229)

0

(17,166,229)

25%

User Charges & Fees

(28,440,057)

(39,500)

(28,479,557)

(5,967,084)

0

(5,967,084)

21%

Interest & Investment Revenue

(3,774,001)

0

(3,774,001)

(955,070)

0

(955,070)

25%

Other Revenues

(3,053,633)

(11,100)

(3,064,733)

(1,069,157)

0

(1,069,157)

35%

Operating Grants & Contributions

(14,280,296)

4,941,432

(9,338,864)

(2,370,641)

0

(2,370,641)

25%

Capital Grants & Contributions

(56,263,733)

1,392,770

(54,870,963)

(2,227,826)

0

(2,227,826)

4%

Total Revenue

(175,548,613)

6,283,603

(169,265,011)

(29,756,008)

0

(29,756,008)

18%

 

 

Expenses

 

Employee Benefits & On-Costs

46,012,119

61,444

46,073,563

12,087,797

121,430

12,209,227

26%

Borrowing Costs

3,587,823

0

3,587,823

811,679

0

811,679

23%

Materials & Contracts

32,357,210

5,452,573

37,809,784

7,604,095

3,639,007

11,243,101

30%

Depreciation & Amortisation

34,843,073

0

34,843,073

8,710,768

0

8,710,768

25%

Other Expenses

13,015,295

158,738

13,174,033

3,006,025

51,514

3,057,539

23%

Total Expenses

129,815,520

5,672,756

135,488,276

32,220,363

3,811,950

36,032,314

27%

 

 

Net Operating (Profit)/Loss

(45,733,093)

11,956,358

(33,776,735)

2,464,355

3,811,950

6,276,306

 

 

Net Operating (Profit)/Loss before Capital Grants & Contributions

10,530,640

10,563,588

21,094,228

4,692,182

3,811,950

8,504,132

 

 

 

Capital / Reserve Movements

Capital Exp - Renewals

34,034,738

3,526,409

37,561,148

5,501,876

10,357,086

15,858,961

42%

Capital Exp - New Projects

42,696,132

3,954,060

46,650,191

1,420,290

3,767,787

5,188,077

11%

Capital Exp - Project Concepts

38,364,925

824,985

39,189,910

57,102

40,979

98,082

0%

Loan Repayments

3,380,744

0

3,380,744

845,186

0

845,186

25%

New Loan Borrowings

(21,222,532)

(351,112)

(21,573,644)

0

0

0

0%

Sale of Assets

(1,502,910)

(1,745,414)

(3,248,324)

(258,339)

(72,250)

(330,589)

10%

Net Movements Reserves

(15,174,931)

(18,165,287)

(33,340,217)

0

1,075

1,075

0%

Total Cap/Res Movements

80,576,166

(11,956,358)

68,619,808

7,566,115

14,094,677

21,660,793

 

 

 

ORIGINAL
BUDGET
2019/20

BUDGET ADJ
2019/20

APPROVED BUDGET
2019/20

YTD ACTUAL   EXCL COMMT'S 2019/20

COMMT'S 2019/20

YTD ACTUAL + COMMT'S
2019/20

YTD % OF BUD

Net Result after Depreciation

34,843,073

0

34,843,073

10,030,471

17,906,627

27,937,098

 

Add back Depreciation Expense

34,843,073

0

34,843,073

8,710,768

0

8,710,768

25%

 

Cash Budget (Surplus)/Deficit

0

0

0

1,319,703

17,906,627

19,226,330

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 




Revised Budget Result - Surplus/(Deficit)

$’000s

Original 2019/20 Budget Result as adopted by Council

Total Budget Variations approved to date

Budget Variations for September 2019

$0

$0

$0

Proposed Revised Budget result for 30 September 2019

$0

 

The proposed Budget Variations to 30 September 2019 are listed below:

 

Budget Variation

Amount

Funding Source

Net Impact

Fav/ (Unfav)


1 – Community Leadership and Collaboration

Procure to Pay Automated Workflow Project

$25K

Corporate Applications ($25K)

 

Nil

Funds are required for the successful implementation of the Procure to Pay Automated Workflow Project.  It was identified during the project scoping exercise that a dependant software module requires updating for continued functionality. This $25K additional budget will bring the total project budget up to $220K.

 

5 – The Environment

Edward Street Footpath

$75K

Fit for the Future Reserve ($43K)

RMS Contribution ($32K)

Nil

Funds are required for the replacement of 255 metres of footpath along Edward Street, which was removed to allow for the replacement of the water main along this section. RMS have agreed to only pay for the replacement of this footpath to the existing width standard, being 1.2 metres wide. It is suggested to replace the footpath with a 2.5 metre shared path to ensure that the footpath complies with the requirements of the Bolton Park Master Plan. The total project is estimated at $75K with the RMS contributing ($32K) and Council’s proposed funding of ($43K) to be allocated from the Fit for the Future Reserve.

 

Chipping of Stockpiled Green Waste

$166K

Solid Waste Reserve ($166K)

Nil

A budget is required for the chipping of green waste at the Gregadoo Waste Management Centre (GWMC). This chipping is performed when a sufficient stockpile is available to warrant the engagement of a contractor. Green waste comprises of green waste delivered by the general public, arborists and contractors over the weighbridge plus pallets and other separated timber. The budget is required on an ongoing basis, indexed at 3% annually in the Long Term Financial Plan. It is proposed to fund this variation from the Solid Waste Reserve.

 

Excavator Hire at GWMC

$100K

Solid Waste Reserve ($100K)

Nil

Funds are required for the hire of an excavator for usage at GWMC. The excavator is used to load cover material from the stockpile, shredded green waste, crushed concrete into trucks and to assemble crushed material into an efficient stockpile. This will allow a trial period to test the viability of having an excavator at GWMC on a permanent basis. It is proposed to fund this variation from the Solid Waste Reserve.

 

Replacement Pump Purchase - GWMC

$35K

Solid Waste Reserve ($35K)

 

A budget variation is required for the purchase of replacement pumps at GWMC as the previous pumps have proven unreliable. These pumps are designed for leachate, are corrosion resistant and are solar powered. It is proposed to fund the variation from the Solid Waste Reserve.

 

Asphalt Repair at GWMC

$48K

Solid Waste Reserve ($48K)

Nil

Funds are required for asphalt/hot mix road patching work at GWMC. The works are required to address Work Health and Safety trip hazards at the transfer station due to the deteriorated nature of the bitumen seal. It is proposed to fund the variation from the Solid Waste Reserve.

 

 

Nil

 

 


Current Restrictions

 

 

RESERVES SUMMARY

30 SEPTEMBER 2019

 

CLOSING BALANCE 2018/19

ADOPTED RESERVE TRANSFERS 2019/20

BUDGET VARIATIONS APPROVED UP TO COUNCIL MEETING 23.09.19

PROPOSED CHANGES for Council Resolution

REVISED BALANCE

 

 

 

 

 

 

Externally Restricted

 

 

 

 

 

Developer Contributions - Sect 7.11

(23,836,289)

3,427,074

720,687

 

(19,688,527)

Developer Contributions - Sect 7.12

97,487

(32,500)

154,012

 

218,999

Developer Contributions – S/Water DSP S64

(6,551,347)

2,579,329

175,899

 

(3,796,118)

Sewer Fund

(31,115,819)

155,636

1,609,011

 

(29,351,171)

Solid Waste

(21,521,767)

2,164,970

463,609

348,474

(18,544,713)

Specific Purpose Grants

(4,044,299)

0

4,044,299

 

0

SRV Levee

(3,853,286)

(3,211)

78,000

 

(3,778,497)

Stormwater Levy

(3,699,109)

2,758,808

573,550

 

(366,752)

Total Externally Restricted

(94,524,428)

11,050,106

7,819,068

348,474

(75,306,780)

 

 

Internally Restricted

 

Airport

(442,321)

(522,440)

6,594

(958,166)

Art Gallery 

(33,971)

(6,865)

0

(40,836)

Ashmont Community Facility

(7,500)

(1,500)

0

(9,000)

Bridge Replacement 

(601,972)

0

(601,972)

CBD Carparking Facilities 

(884,968)

110,302

17,098

(757,568)

CCTV 

(84,476)

18,000

0

(66,476)

Cemetery Perpetual 

(107,717)

(133,730)

16,519

(224,928)

Cemetery 

(448,951)

110,164

0

(338,787)

Civic Theatre Operating 

(125,471)

8,327

24,240

(92,904)

Civic Theatre Technical Infrastructure 

(82,706)

10,000

0

(72,706)

Civil Projects 

(155,883)

24,000

0

(131,883)

Community Amenities 

(76,763)

(214,928)

0

(291,691)

Community Works 

(86,412)

(32,217)

3,500

 

(115,129)

Council Election 

(343,408)

(83,163)

0

(426,571)

Economic Development 

(500,000)

(80,000)

0

(580,000)

Emergency Events 

(191,160)

(50,000)

90,420

 

(150,740)

Employee Leave Entitlements

(3,585,224)

 

0

 

(3,585,224)

Environmental Conservation 

(115,206)

 

(42,725)

 

(157,931)

Estella Community Centre 

(230,992)

 

0

 

(230,992)

Family Day Care 

(245,192)

93,442

0

 

(151,750)

Fit for the Future 

(1,785,102)

266,703

698,874

43,000

(776,525)

Generic Projects Saving

(816,377)

20,000

31,130

 

(765,248)

Glenfield Community Centre 

(21,704)

(2,000)

0

 

(23,704)

Grants Commission 

(5,256,259)

 

5,256,259

 

0

Grassroots Cricket 

(70,992)

 

0

 

(70,992)

Gravel Pit Restoration 

(797,002)

 

3,546

 

(793,456)


 


 

RESERVES SUMMARY

 

30 SEPTEMBER 2019

 

CLOSING BALANCE 2018/19

ADOPTED RESERVE TRANSFERS 2019/20

BUDGET VARIATIONS APPROVED UP TO COUNCIL MEETING 23.09.19

PROPOSED CHANGES for Council Resolution

REVISED BALANCE

Gurwood Street Property 

(50,454)

 

0

 

(50,454)

Hampden Bridge

(107,198)

 

107,198

 

0

Information Services

(775,938)

(222,792)

350,000

 

(648,730)

Infrastructure Replacement 

(335,497)

(30,192)

0

 

(365,689)

Insurance Variations 

(100,246)

 

0

 

(100,246)

Internal Loans 

(660,754)

260,962

398,554

 

(1,238)

Lake Albert Improvements 

(28,338)

(21,515)

4,021

 

(45,832)

LEP Preparation 

(2,667)

 

0

 

(2,667)

Livestock Marketing Centre 

(3,311,635)

972,792

402,954

 

(1,935,889)

Museum Acquisitions 

(39,378)

 

0

 

(39,378)

Oasis Building Renewal 

(320,759)

65,000

28,529

 

(227,230)

Oasis Plant 

(1,239,132)

857,486

6,937

 

(374,709)

Office Equipment/Building Projects

(159,030)

 

0

 

(159,030)

Parks & Recreation Projects

(206,102)

30,148

75,954

 

(100,000)

Planning Legals

0

(40,000)

0

 

(40,000)

Plant Replacement 

(3,550,033)

660,253

1,055,919

 

(1,833,861)

Playground Equipment Replacement 

(95,290)

(165,727)

0

 

(261,017)

Project Carryovers 

(2,453,184)

518,327

1,934,858

 

0

Public Art 

(198,922)

30,300

80,594

 

(88,028)

Robertson Oval Redevelopment 

(92,151)

 

0

 

(92,151)

Senior Citizens Centre 

(17,627)

(2,000)

0

 

(19,627)

Sister Cities 

(46,328)

(10,000)

0

 

(56,328)

Sporting Event Attraction

(169,421)

 

0

 

(169,421)

Sporting Event Operational

(100,000)

 

0

 

(100,000)

Stormwater Drainage 

(158,242)

(100,000)

0

 

(258,242)

Strategic Real Property 

0

 

(395,000)

 

(395,000)

Street Lighting Replacement 

(56,549)

 

0

 

(56,549)

Subdivision Tree Planting 

(702,868)

(20,000)

0

 

(722,868)

Sustainable Energy 

(527,244)

389,333

37,732

 

(100,179)

Unexpended External Loans 

(431,337)

 

431,337

 

0

Workers Compensation 

(93,251)

 

0

 

(93,251)

Total Internally Restricted

(33,127,305)

2,706,471

10,625,040

43,000

(19,752,794)

 

 

 

 

 

 

Total Restricted

(127,651,734)

13,756,577

18,444,108

391,474

(95,059,574)

 

 

 

 

 

 

Total Unrestricted

(5,725,794)

0

0

0

(5,725,794)

 

 

 

 

 

 

Total Cash, Cash Equivalents and Investments

(133,377,528)

13,756,577

18,444,108

391,474

(100,785,368)

 

 


 

CONSULTANCY & LEGAL EXPENSES BUDGET REVIEW STATEMENT

30 September 2019

 

 

Approved Changes

 

 

 

 

 

 

BUDGET 2019/20

SEPTEMBER QTR BUDGET VARIATIONS APPROVED TO DATE

REVISED BUDGET

RECOMMENDED CHANGES
(for Council Resolution)

PROJECTED YEAR END RESULT

ACTUAL
YTD

 

 

 

Consultancy Expenses

192,903

7,017

199,920

0

199,920

66,301

 

 

 

Legal Expenses

248,757

4,510

253,267

0

253,267

44,236

 

 

 

 

 

 

 

 

 

 

CONTRACTS REVIEW STATEMENT

30 September 2019

Contract Number

Contractor

Contract
Detail & Purpose

Contract
Value

Start
Date

Duration of
Contract

Budgeted
(Yes/No)

PD39825

Wagga Trucks Hino

Supply Truck Hino FE 1426

$145,452

9/09/2019

10 weeks

Y

 2020-518

Cambia Consulting Pty Ltd

Asset management consulting

$105,475

17/09/2019

15 weeks

Y

PD39806

Capital Construction Equipment Pty Ltd

Supply skid steer loader

$122,300

3/09/2019

10 weeks

Y

PE08116

GHD Pty Ltd

Developer servicing plan

$72,624

15/08/2019

15 weeks

Y

PE08355

Town & Country Asphalting Pty Ltd

ATP Cycle way Red Hill Road

$149,979

25/09/2019

2 weeks

Y

PS04642

Interflow Pty Ltd

Culvert pipe reline Lockhart Road

$105,791

15/08/2019

12 weeks

Y

 

Section 356 Financial Assistance Requests

 

Thirteen Section 356 financial assistance requests have been received for the 28 October 2019 Ordinary Council meeting, which are shown below for Council’s consideration:

 

1.      Wagga Wagga Local Aboriginal Education Consultative Group (WLAECG) – Proud & Deadly Awards Ceremony $850.00

 

The Vice President of the Wagga Wagga Local Aboriginal Education Consultative Group (WLAECG) has requested in the attached letter Council’s consideration of a waiver for the hire fees for the use of the Civic Theatre on 26 November 2019 from 8.30 am to 3.00 pm for the holding of the annual Proud & Deadly Awards Ceremony.

 

The writer notes:

 

“The formal cultural ceremony is an inclusive and well respected Aboriginal community event, attended by local and surrounding Aboriginal and Torres Strait Islander public school students (K-12), parents, caregivers, community families, teachers, principals, Directors and Wiradjuri Elders that celebrates student success in schools e.g. Academic, cultural, sporting, leadership, community contribution etc.

 

Due to the increasing number of award recipients and local community families supporting the cultural event each year, we desperately seek Wagga City Council support to continue to provide a community space larger enough to facilitate the awards ceremony in a central location, ideally the Wagga Wagga Civic Theatre, as we would need to seat at least 450 people.

 

 

In the past, this ceremony has been held at the Wagga Commercial Club and is divided separately into primary school awards and secondary school awards; due to the small space allocation and high numbers of students and families involved. However, this arrangement is far from practical now due to the popularity of the awards ceremony and we wish to celebrate student success together.

 

We seek financial support in terms of venue costs, equipment, fee waiver and promotion.”

 

Civic Theatre Officers advise that the associated costs for holding the above event are approximately $2,529.50, made up of venue hire $850.00; staffing costs $1,522.50; and technical support of $157.00.

 

It is proposed that Council support the above event by contributing the venue hire costs of $850.00 (Community Hire rate charge item 0546). It is noted that the applicable Commercial Hire rate would be $2,300.

 

The above request aligns with Council’s Strategic Plan “Community Place and Identity” – Objective: We are proud of where we live and our identity”

 

Council has not provided any financial assistance to the above group in the last 12 months.

 

2.      Gunni Thakun Cultural Association $196.00

 

The Gunni Thakun Cultural Association has requested in the attached letter Council’s consideration of a waiver for the hire fees for the use of part of the Marrambidya Wetland and Wiradjuri Reserve for the holding of the Corroboree Wagga Wagga 2019 event.

 

Gunni Thakun Cultural Association note in their attached letter;

 

“Gunni Thakun Cultural Association is an organisation of mainly men from across NSW and Eastern Austral who practice (and re-establish) Aboriginal Culture whilst following tradition Lore and Law. This includes language, story, dance, ceremony and implement making where and when appropriate. From the 1990s this has included public corroborees at venues across NSW.

 

This year’s venue will be the Marrambidya Wetlands with associated camping at Wiradjuri Reserve, alongside the Aboriginal Healing Place established in 2016 and the Wiradjuri Reserve Aboriginal Place declared in 2012. This space was chosen to help all Wagga Wagga Community people connect with these areas and to feel a part of the community in the spirit of enjoyment, openness, trust and learning.

 

The above request aligns with Council’s Strategic Plan “Community Place and Identity” – Outcome: We are proud of where we live and our identity”

 

Council approved a grant of $5,000 as part of the 2019/20 Annual Grants Program Connected Rural and Urban Communities Category (Council Officer Report RP-1 Ordinary meeting of Council held 22 July 2019) to the Gunni Thakun Cultural Association to assist with the staging costs of the free public Corrobboree event.

 

The detailed budget submitted as part of the grant application from the Association did not factor in Council ground hire costs which they may not have been aware of at the time of their grant application.

 

Given the relatively small amount requested it is proposed that the request be funded from the Parks operating budget which can absorb this minor cost.

 

3.      Climate Rescue of Wagga Inc (CROW) $160.00

 

The Climate Rescue of Wagga (Inc) (CROW) group has requested in the attached letter Council’s consideration of a waiver for the hire fees for the use the amphitheatre for their “Global Climate Strike event which was held on the 20 September 2019.

 

Climate Rescue of Wagga Inc (CROW) note in their attached letter;

 

“The community of Wagga Wagga and surrounding towns have created a not for profit community event to support the Global Climate Strike Which is a worldwide event set up by students“

 

The above request aligns with Council’s Strategic Plan “The Environment

 – Objective:  We create a sustainable environment for future generations”

 

Council provided $1,047 financial assistance to the above group as part of the 2019/20 Annual Grants (Natural Environment Category) program to purchase Blower door test units to improve energy efficiency of homeowner’s houses by finding leaks and providing information on remedying the leaks.

 

Given the relatively small amount requested it is proposed that the request be funded from the Parks operating budget which can absorb this minor cost.

 

4.      Sport NSW $348.00

 

NSW Sports Federation Inc (Sport NSW) has requested in the attached letter Council’s consideration of a waiver for the hire fees for the use of Bolton Park Stadium and adjacent Ovals for the holding of the “Girls Get Active Event” on the 28 of October 2019.

 

Sport NSW note in their attached letter;

 

Girls Get Active days are open to all female high school students from years 7 – 11, irrespective of their athletic abilities.

 

The above request aligns with Council’s Strategic Plan “The Environment

 – Objective:  We promote a healthy Lifestyle”

 

Council has not provided any financial assistance to the above group in the last 12 months.

 

Given the relatively small amount requested it is proposed that the request be funded from the Parks and Oasis operating budgets which can absorb this minor cost.

 

5.      Wagga Wagga Pink Stumps Committee $1,077.00

 

The Wagga Wagga Pink Stumps Committee has requested in the attached letter Council’s consideration of a waiver for the hire fees for the use of Mark Taylor Oval at Bolton Park on Sunday 27October 2019 to hold a cricket game to raise funds for the McGrath Foundation.

 

The Wagga Wagga Pink Stumps Committee note in their attached letter – which was updated to request additional assistance on the 8 October 2019 by the Committee;

 

“On the 27th October a Pink Stumps Day is being held at the Mark Taylor Oval at Bolton Park from 10.00 to 2.00pm.  

We are writing to Council to seek waiver of the fees that we are going to be charged for holding this event including the cost of providing bins, along with drinking water and 3 portaloos. We are aware that there are bins at Robertson Oval and wonder if they could be moved to the Mark Taylor Oval for the day. 

The Pink Stumps Day is a charity event to raise funds for the McGrath Foundation.  As you may know the McGrath Foundation places breast care nurses in areas of need to help women and men through their breast cancer journey.  From diagnosis right throughout treatment McGrath Breast Care Nurses are available without referral and free of charge. Currently there are 132 McGrath Breast Cares Nurses in communities throughout Australia and 70,710 families have been supported since 2005.  

This is the first time that an event such as this has been staged in Wagga and we hope to make it a regular event. Local people of note as well as State Cricketers will be playing “

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

 

Council has not provided any financial assistance to the above group in the last 12

months.

 

The ground hire charges for Mark Taylor Oval is $95 (proposed to be funded from the Parks Operating budget). The cost of providing bins is approximately $200 proposed to be funded from the Solid Waste Operating budget. Portaloo hire is approximately $582 and Amenities Block cleaning $200 (ex GST) proposed to be funded from the Sewer operating budget which can absorb these minor costs. The Committee was referred to Riverina Water for assistance with their drinking water request.

 

6.      Wagga Autism Support Group $90.00

 

The Wagga Autism Support Group has requested in the attached letter Council’s consideration of a waiver for the hire fees for the use of the Shakespearian Garden (Botanic Garden) on 19 October 2019 to celebrate Carers Week.

 

The Wagga Autism Support Group note in their attached letter;

“We do hold this event as a fundraising event but as a community building celebration “.

 

The above request aligns with Council’s Strategic Plan “Community Place and Identity” – Objective: We have opportunities to connect with others”

 

Council has not provided any financial assistance to the above group in the last 12 months.

 

Given the relatively small amount requested it is proposed that the request be funded from the Parks operating budget which can absorb this minor cost.

 

7.      Yandarra Day Celebrations $95.00

 

The Riverina Medical & Dental Aboriginal Corporation has requested in the attached letter Council’s consideration of a waiver for the hire fees for the use of Jack Mission Oval on 10 November 2019 for the holding of the Yandarra event.

 

The Riverina Medical & Dental & Dental Aboriginal Corporation note in their attached letter;

 

“Riverina Medical & Dental Aboriginal Corporation will be hosting Yandarra Day which will be held on Sunday 10th November 2019.

 

Yandarra (Wiradjuri for mixing together) is a day where we focus on healthy lifestyle and strengthening our community relationships. And also, a family friendly event which celebrates Indigenous culture, education and health promotion.

 

We invite Government and Non-Government organisations to participate in the Yandarra Day Celebrations by providing stalls with educational information, health checks and promoting community programs. The event is strictly a drug and alcohol-free event and it involves in healthy eating, light exercise and activities for all ages.”

 

The above request aligns with Council’s Strategic Plan “Community Place and Identity” – Outcome: We are proud of where we live and our identity”

 

Council has not provided any financial assistance to the above group in the last 12 months.

 

Given the relatively small amount requested it is proposed that the request be funded from the Parks operating budget which can absorb this minor cost.

 

8.      Multicultural Council of Wagga Wagga Inc (MCWW) $1,800.00

 

The Multicultural Council of Wagga Wagga Inc (MCWW) has requested in the attached letter Council’s consideration of a waiver for the hire fees for the use of Council Facilities for up to 20 events a year.

 

The MWCC note in their attached letter:

 

We have had arrangements in place which has allowed our organisation access free of charge for Council ran facilities being 10 use per year. As the communities continues to grow, we are now seeking the number of uses to be increased to 20 per year.

 

With the loss of the HSP the Multicultural Council are not in a financial position to cover venue hire on behalf of our communities, but as an organisation we are still committed to provide opportunities for people to value their culture and connect.”

 

Discussions were undertaken with Community Service staff who advised as follows in regard to the MCWW request:

 

“The Multicultural Council of Wagga Wagga (MCWW) have had a previous endorsement by Council to waive 10 uses of Council community facility fees over the period of 2014-2019 in order to support their settlement assistance program for newly arrived refugees and emerging cultural and linguistic diverse communities to settle in our City. The MCWW are now requesting a further period 2019-2023 of Council approved fee waivers with a request to increase this from 10 to 20 uses of Council community facilities. This increase is recognising the community growth in numbers and the loss of the Federal HSP funding to the MCWW, leaving this organisation with the inability to cover the venue hire on behalf of the communities they are supporting, (see attached MCWW letter). The cost of the waiver to MCWW for 20 uses is estimated $1,800 against Council’s current fees and charges schedule. The MCWW request aligns with Council’s CSP and provides an invaluable support program for families and communities to connect and settle in our City. “

 

It is noted that it is proposed in 2020/21 to require all Community groups to make application for financial assistance. It is therefore deemed appropriate that the requested increase in access to Council facilities be considered only for the current 2019/20 financial year.

 

The above request aligns with Council’s Strategic Plan “Community Place and Identity” – Outcome: We have opportunities to connect with others”

 

Council has provided the MCWW with access to stage 10 events at Council facilities in the last 12 months at no charge.

 

Given the relatively small cost of each MCWW event it is proposed that the respective Council Community Facility absorb the cost of the use of the facility for MCWW events.

 

9.      Wagga Inter Church Council $2,200.00

 

The Wagga Inter Church Council has requested in their attached letter Council’s consideration to providing financial assistance for their staging of “Christmas Carols in the Park 2019” at the Victory Memorial Gardens on 21 December 2019.

 

The Wagga Inter Church Council note in their attached letter:

 

“We are starting to coordinate the Wagga Inter church Carols in the Park for 2019. Wagga Wagga City Council was a great help last year, Coming on board as a financial partner.

 

I was wondering if Wagga Wagga City Council would be interested in coming on board as a financial partner again this year. Last year’s contribution and assistance was vital to the success of the event, and our goal is to provide a special event for Christmas to the community of Wagga.

 

We had about 4000 people last year and we hoping to achieve the same this year.

 

This year’s event will occur on Saturday 21st December with setup commencing on Friday 20th December at the victory memorial gardens.”

 

The “Christmas Carols in the Park 2019” is a free event that provides an opportunity for community members to celebrate Christmas in a family friendly environment

 

The above request aligns with Council’s Strategic Plan “Community Place and Identity” – Outcome: We have opportunities to connect with others”

 

The adopted 2019/20 Combined Delivery Program and Operational Plan has allocated $2,200 for the Kurrajong Waratah Christmas Spectacular. Kurrajong Waratah are not staging a 2019 Christmas Spectacular at the Music Bowl and it is therefore proposed to reallocate these funds to the Inter Church Christmas Carols in the Park 2019. 

 

Council provided the Wagga Inter Church Council financial assistance of $2,774 in the last 12 months i.e. contribution to the staging of the 2018 Christmas Carols in the Park.

 

Council in 2018 absorbed the costs of additional general waste /recycling bins required for that Christmas Carol event. It is proposed that Council absorb the costs for the provision of additional general waste/recycling bins required for the 2019 event, which would be funded from Council’s Waste Services Business Unit which has the capacity to absorb this cost. The estimated cost of the general waste/recycling bins is approximately $400.

 

 

10.    Vigil in memory of Mhelody Polan Bruno $95.00

 

Katielle Dyall-Smith on behalf of Wagga Community members has requested Council’s consideration to the waiver of the hire fees for the Victory Memorial Gardens for the Vigil held on the 7 October 2019 in memory of Mhelody Polan Bruno.

 

Katielle notes in her attached letter:

 

“If at all possible it would be greatly appreciated if the booking fee could be waived, we are not an organisation and as such have no funds to manage, from which we could pay the $95.00 fee. This event is a vigil and no one would be making a financial gain, in any form. Additionally we won't be accepting donations either.

 

A sincere thank you for your time and consideration on this matter.”

 

The above request aligns with Council’s Strategic Plan “Community Place and Identity” – Outcome: We have opportunities to connect with others”

 

Given the relatively small amount requested it is proposed that the request be funded from the Parks operating budget which can absorb this minor cost.

 

 

 

 

 

11.    Tarcutta Transport & Farming Museum Incorporated $873.12

 

The Tarcutta Transport and Farming Museum Inc have in their attached letter requested Council’s consideration to providing financial assistance for the Council lease fees for their Museum site in Tarcutta (Lot 7009 DP 1028847) located at the corner of Gresham Street and Prospect Street, Tarcutta.

 

The Committee is in the early stages of establishing a Transport & Farming Museum and advise that they are seeking further grants to establish the museum and until that time do not have any funds to pay Council’s annual rent charges.

 

The Committee note in their attached letter:

 

“The committee has been unable to earn any money at the site due to no toilet amenities available for public use and the inability to use the facility to earn the required funds. It has been out of use for the past almost two years.

 

We are waiting on the approval of a grant to enable us to develop the site further.

 

The committee has supplied a financial statement which indicates there are no funds available to pay Council fees.”

 

The above request aligns with Council’s Strategic Plan “Community Leadership and Collaboration” – Outcome: We are active community members ”

 

The current rental /lease fees outstanding from 24/07/2018 to 28/02/2020 is $873.12. It is proposed that the removal of this annual rental cost be absorbed by the Property Section Cost Centre which can absorb this relatively small amount.

 

Council has not provided any financial assistance to the above group in the last 12 months.

 

Budget

 

The Section 356 general fees and charges financial assistance budget for the 2019/20 financial year is $48,123.50, of which $39,907 is already committed in the adopted 2019/20 Delivery and Operational Plan.

 

It is proposed that financial assistance of $850.00 (Request 1) from the Section 356 unexpended 2019/20 budget and the remaining requests 2) to 11) be funded by the respective cost centre operating budgets given the relatively small amounts requested.

 

Section 356 Budget Summary

Unallocated balance of S356 fee waiver financial assistance budget 2019/20

$3,848.50

1)  Wagga Wagga Local Aboriginal Education Consultative Group (WLAECG)

($850.00)

2)  Gunni Thakun Cultural Association - $196.00

 

Funded by Parks Cost Centre 

3)  Climate Rescue of Wagga Inc (CROW) - $160.00

Funded by Parks Cost Centre 

4)  NSW Sports Federation Inc (Sport NSW) - $348.00

Funded by Parks & Oasis Cost Centres)

5)  Wagga Wagga Pink Stumps Committee - $1,077.00

Funded by Parks, Waste & Sewer Operating Cost Centres 

6)  Wagga Autism Support Group - $90.00

Funded by Parks Cost Centre 

7)  Riverina Medical & Dental & Dental Aboriginal Corporation - $95.00

Funded by Parks Cost Centre 

8)  Multicultural Council of Wagga Wagga Inc. (MCWW) - $1,800.00 (Access to Council Community Facilities up to 20 events at an average cost of $90.00 per event - for 2019/20 Financial year

 

Funded by respective Council Community facility operating budget  

9)  Wagga Inter Church Council - $2,200.00 funded from proposed reallocation of $2,200.00 allocated to the Kurrajong Waratah Christmas Spectacular - Music Bowl which is not being held in 2019 and $400.00 Waste Bin provision for the event funded from the Waste Services operating budget.

Fund by reallocation of existing S356 budget allocation and Council Waste Services Operating budget 

10)    Vigil in memory of Mhelody Polan Bruno -$95.00

Funded by Parks Cost Centre 

11)    Tarcutta Transport & Farming Incorporated - $873.12

Funded by Property Section Cost Centre 

Subtotal Fee Waivers included in this report –

proposed to be funded from the Section 356 Budget

($850.00)

Balance of Section 356 fee waiver financial assistance budget for the remainder of the 2019/20 Financial Year

$2,998.50

 

As noted earlier, it is proposed to fund Financial Assistance requests 2) to 11) via the respective Council Cost Centre nominated which can absorb these relatively minor hire charges.

 


Investment Summary as at 30 September 2019

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
31/08/2019
$

Closing Balance
Invested
30/09/2019
$

September
EOM
Current Yield
%

September
EOM
% of Portfolio

Investment
Date

Maturity
Date

Term
(mths)

Short Term Deposits

 

 

 

 

 

 

 

 

AMP

BBB+

2,000,000

2,000,000

2.65%

1.40%

3/06/2019

2/12/2019

6

AMP

BBB+

1,000,000

1,000,000

2.80%

0.70%

17/05/2019

13/11/2019

6

AMP

BBB+

1,000,000

0

0.00%

0.00%

6/03/2019

2/09/2019

6

AMP

BBB+

1,000,000

1,000,000

3.00%

0.70%

6/03/2019

2/12/2019

9

MyState

BBB

1,000,000

1,000,000

2.75%

0.70%

1/04/2019

1/04/2020

12

Suncorp-Metway

A+

2,000,000

2,000,000

2.26%

1.40%

28/05/2019

28/11/2019

6

NAB

AA-

1,000,000

1,000,000

1.67%

0.70%

28/08/2019

28/02/2020

6

ICBC

A

1,000,000

1,000,000

1.67%

0.70%

29/08/2019

28/08/2020

12

NAB

AA-

2,000,000

2,000,000

1.65%

1.40%

30/08/2019

6/03/2020

6

Macquarie Bank

A

0

2,000,000

1.75%

1.40%

2/09/2019

2/03/2020

6

NAB

AA-

0

1,000,000

1.70%

0.70%

10/09/2019

11/05/2020

8

Total Short Term Deposits

 

12,000,000

14,000,000

2.16%

9.80%

 

 

 

At Call Accounts

 

 

 

 

 

 

 

 

NAB

AA-

687,343

149,403

1.00%

0.10%

N/A

N/A

N/A

NAB

AA-

0

0

1.69%

0.00%

N/A

N/A

N/A

Rabobank

A+

0

0

0.00%

0.00%

N/A

N/A

N/A

CBA

AA-

3,439,248

1,658,244

1.00%

1.16%

N/A

N/A

N/A

CBA

AA-

15,374,736

15,393,261

1.60%

10.77%

N/A

N/A

N/A

Total At Call Accounts

 

19,501,327

17,200,909

1.54%

12.04%

 

 

 

Medium Term Deposits

 

 

 

 

 

 

 

 

RaboBank

A+

1,000,000

1,000,000

3.16%

0.70%

5/06/2017

6/06/2022

60

ME Bank

BBB

2,000,000

0

0.00%

0.00%

2/09/2014

2/09/2019

60

Rabobank

A+

1,000,000

1,000,000

4.10%

0.70%

5/12/2014

5/12/2019

60

BOQ

BBB+

2,000,000

2,000,000

3.10%

1.40%

7/07/2017

7/07/2020

36

AMP

BBB+

2,000,000

2,000,000

3.00%

1.40%

2/08/2018

3/02/2020

18

Rabobank

A+

1,000,000

1,000,000

3.20%

0.70%

25/08/2016

25/08/2021

60

Westpac

AA-

3,000,000

3,000,000

2.11%

2.10%

10/03/2017

10/03/2022

60

Auswide

BBB

2,000,000

2,000,000

2.95%

1.40%

5/10/2018

6/10/2020

24

ING Bank

A

1,000,000

1,000,000

2.92%

0.70%

16/10/2017

16/10/2019

24

ING Bank

A

2,000,000

2,000,000

2.92%

1.40%

6/11/2017

6/11/2019

24

BOQ

BBB+

2,000,000

2,000,000

3.35%

1.40%

3/01/2018

4/01/2022

48

ING Bank

A

1,000,000

1,000,000

2.80%

0.70%

5/01/2018

6/01/2020

24

Police Credit Union

NR

2,000,000

2,000,000

3.05%

1.40%

29/10/2018

29/10/2020

24

Australian Military Bank

NR

1,000,000

1,000,000

2.95%

0.70%

29/05/2018

29/05/2020

24

BOQ

BBB+

1,000,000

1,000,000

3.50%

0.70%

1/06/2018

1/06/2022

48

Westpac

AA-

2,000,000

2,000,000

3.02%

1.40%

28/06/2018

28/06/2021

36

Westpac

AA-

2,000,000

2,000,000

2.88%

1.40%

28/06/2018

29/06/2020

24

ING Bank

A

2,000,000

2,000,000

2.86%

1.40%

16/08/2018

17/08/2020

24

BOQ

BBB+

3,000,000

3,000,000

3.25%

2.10%

28/08/2018

29/08/2022

48

ING Bank

A

3,000,000

3,000,000

2.85%

2.10%

30/08/2018

14/09/2020

24

P&N Bank

BBB

1,000,000

1,000,000

3.10%

0.70%

16/10/2018

18/10/2021

36

Institution

Rating

Closing Balance
Invested
31/08/2019
$

Closing Balance
Invested
30/09/2019
$

September
EOM
Current Yield
%

September
EOM
% of Portfolio

Investment
Date

Maturity
Date

Term
(mths)

Westpac

AA-

2,000,000

2,000,000

3.05%

1.40%

13/11/2018

15/11/2021

36

Police Credit Union

NR

1,000,000

1,000,000

3.07%

0.70%

20/11/2018

20/11/2020

24

P&N Bank

BBB

1,000,000

1,000,000

3.30%

0.70%

20/11/2018

21/11/2022

48

ING Bank

A

2,000,000

2,000,000

2.93%

1.40%

29/11/2018

30/11/2020

24

NAB

AA-

2,000,000

2,000,000

3.01%

1.40%

30/11/2018

30/11/2021

36

Bendigo-Adelaide

BBB+

1,000,000

1,000,000

3.25%

0.70%

30/11/2018

30/11/2022

48

CUA

BBB

2,000,000

2,000,000

3.02%

1.40%

5/12/2018

7/12/2020

24

Newcastle Permanent

BBB

2,000,000

2,000,000

3.05%

1.40%

8/02/2019

8/02/2022

36

ING Bank

A

1,000,000

1,000,000

2.82%

0.70%

22/02/2019

22/02/2021

24

Newcastle Permanent

BBB

2,000,000

2,000,000

2.70%

1.40%

23/04/2019

26/04/2022

36

BoQ

BBB+

1,000,000

1,000,000

2.40%

0.70%

22/05/2019

23/05/2022

36

BoQ

BBB+

1,000,000

1,000,000

2.15%

0.70%

8/07/2019

10/07/2023

48

Judo Bank

NR

1,000,000

1,000,000

2.30%

0.70%

16/07/2019

16/07/2021

24

Auswide

BBB

1,000,000

1,000,000

1.95%

0.70%

12/08/2019

12/08/2022

36

Judo Bank

NR

1,000,000

1,000,000

2.15%

0.70%

20/08/2019

19/08/2021

24

Australian Military Bank

NR

1,000,000

1,000,000

1.76%

0.70%

20/08/2019

20/08/2021

24

Judo Bank

NR

0

1,000,000

1.90%

0.70%

10/09/2019

9/09/2022

36

Total Medium Term Deposits

 

59,000,000

58,000,000

2.88%

40.60%

 

 

 

Floating Rate Notes - Senior Debt

 

 

 

 

 

 

 

 

AMP

BBB+

1,003,305

1,004,028

BBSW + 135

0.70%

24/05/2016

24/05/2021

60

Teachers Mutual

BBB

1,505,185

1,507,279

BBSW + 140

1.06%

28/10/2016

28/10/2019

36

Heritage Bank

BBB+

604,095

0

0.00%

0.00%

4/05/2017

4/05/2020

36

Teachers Mutual

BBB

1,011,748

0

0.00%

0.00%

29/06/2017

29/06/2020

36

Suncorp-Metway

A+

1,009,152

1,010,344

BBSW + 97

0.71%

16/08/2017

16/08/2022

60

Westpac

AA-

2,016,675

2,019,276

BBSW + 81

1.41%

30/10/2017

27/10/2022

60

ME Bank

BBB

1,510,802

1,512,964

BBSW + 125

1.06%

9/11/2017

9/11/2020

36

NAB

AA-

2,012,224

2,014,126

BBSW + 80

1.41%

10/11/2017

10/02/2023

63

ANZ

AA-

1,510,570

1,512,332

BBSW + 77

1.06%

18/01/2018

18/01/2023

60

Bendigo-Adelaide

BBB+

504,575

505,244

BBSW + 105

0.35%

25/01/2018

25/01/2023

60

Newcastle Permanent

BBB

1,517,678

1,519,470

BBSW + 140

1.06%

6/02/2018

6/02/2023

60

Westpac

AA-

2,022,207

2,013,141

BBSW + 83

1.41%

6/03/2018

6/03/2023

60

UBS

A+

2,017,133

2,007,970

BBSW + 90

1.41%

8/03/2018

8/03/2023

60

Heritage Bank

BBB+

1,415,763

1,409,554

BBSW + 123

0.99%

29/03/2018

29/03/2021

36

ME Bank

BBB

1,615,550

1,618,011

BBSW + 127

1.13%

17/04/2018

16/04/2021

36

ANZ

AA-

2,019,080

2,019,929

BBSW + 93

1.41%

9/05/2018

9/05/2023

60

NAB

AA-

2,017,763

2,019,631

BBSW + 90

1.41%

16/05/2018

16/05/2023

60

CBA

AA-

2,019,669

2,021,486

BBSW + 93

1.41%

16/08/2018

16/08/2023

60

Bank Australia

BBB

754,072

755,368

BBSW + 130

0.53%

30/08/2018

30/08/2021

36

CUA

BBB

609,122

606,149

BBSW + 125

0.42%

6/09/2018

6/09/2021

36

AMP

BBB+

1,505,283

1,497,973

BBSW + 108

1.05%

10/09/2018

10/09/2021

36

NAB

AA-

2,026,107

2,017,405

BBSW + 93

1.41%

26/09/2018

26/09/2023

60

Bendigo-Adelaide

BBB+

1,008,943

1,010,403

BBSW + 101

0.71%

19/10/2018

19/01/2022

39

CBA

AA-

3,061,885

3,064,123

BBSW + 113

2.14%

11/01/2019

11/01/2024

60

Westpac

AA-

3,061,360