AGENDA AND BUSINESS PAPER
To be held on
Monday
22 February 2021
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 22 February 2021 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.
Mr Peter Thompson
General Manager
WAGGA WAGGA CITY COUNCILLORS
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 Tim Koschel |
Councillor Kerry Pascoe |
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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 22 February 2021.
Ordinary Meeting of Council AGENDA AND BUSINESS PAPER
Monday 22 February 2021
PRAYER 2
ACKNOWLEDGEMENT OF COUNTRY 2
APOLOGIES 2
Confirmation of Minutes
CM-1 Ordinary Council Meeting - 8 February 2021 2
DECLARATIONS OF INTEREST 2
Motions Of Which Due Notice Has Been Given
NOM-1 Notice of Motion - Pedestrian access around Equex Centre 3
NOM-2 NOTICE OF MOTION - Affordable Housing Models 6
Reports from Staff
RP-1 DA20/0741 - Dwelling with attached garage and shed 8
RP-2 COVID-19 Fast Track Events Sponsorship 15
RP-3 AIRPORT HANGAR SITE 140 21
RP-4 COMMUNITY WORKS RESERVE - ELIGIBILITY CRITERIA 23
RP-5 FINANCIAL PERFORMANCE REPORT AS AT 31 JANUARY 2021 27
RP-6 Section 356 Requests for Financial Assistance 68
RP-7 Oasis Gas Supply Contract 78
RP-8 RESOLUTIONS AND NOTICES OF MOTIONS REGISTERS 80
RP-9 RESPONSE TO QUESTIONS/BUSINESS WITH NOTICE 82
Committee Minutes
M-1 FLOODPLAIN RISK MANAGEMENT ADVISORY COMMITTEE - MINUTES - 2 FEBRUARY 2021 85
QUESTIONS/BUSINESS WITH NOTICE 89
Confidential Reports
CONF-1 AIRPORT - EQUIPMENT GRANT OFFER NEW SECURITY SCREENING 90
CONF-2 AIRPORT SUB-LEASE HANGAR SITE 20 91
CONF-3 AIRPORT SUB-LEASE HANGER SITE 13 92
PRAYER
CM-1 Ordinary Council Meeting - 8 February 2021
That the Minutes of the proceedings of the Ordinary Council Meeting held on 8 February 2021 be confirmed as a true and accurate record.
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Minutes - 8 February 2021 |
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Report submitted to the Ordinary Meeting of Council on Monday 22 February 2021 |
NOM-1 |
Motions Of Which Due Notice Has Been Given
NOM-1 Notice of Motion - Pedestrian access around Equex Centre
Author: Councillor Dan Hayes
Summary: |
The purpose of this Notice of Motion is to call for a report on improving pedestrian movements surrounding the Equex Centre. |
That Council: a receive and acknowledge the accompanying letter from the Wagga Wagga Netball Association b receive a report on improving pedestrian movements surrounding the Equex centre |
Report
Parents and representatives from Wagga Wagga Netball Association have raised concerns of poor pedestrian access around the Equex Centre, in particular walking towards Hammond Ave along Kooringal Rd and having to cross the bridge.
During 2020 the Netball Association initiated protocols due to COVID-19 which revealed the extent of the challenges of the lack of pedestrian infrastructure. This was due to the courts being cleared at the same time meaning more people were then walking away from the centre at once.
Due to the high use of the facilities at Equex Centre for both adults and children, further investigation is warranted for improvements of safety and access for pedestrians. It is recognised that the Active Travel Plan and further planning in place will address some, but not all of the concerns raised.
Financial Implications
N/A
Policy and Legislation
Code of Meeting Practice
Link to Strategic Plan
Community Leadership and Collaboration
Objective: We have strong leadership
Outcome: We plan long term
Risk Management Issues for Council
N/A
Internal / External Consultation
N/A
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Correspondence from the Wagga Wagga Netball Association |
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Report submitted to the Ordinary Meeting of Council on Monday 22 February 2021 |
NOM-2 |
NOM-2 NOTICE OF MOTION - Affordable Housing Models
Author: Councillor Dan Hayes
Summary: |
The purpose of this Notice of Motion is to call for a report on affordable housing models. |
That Council receive a report that: a outlines any current strategies we have for providing and promoting affordable housing to meet the needs of the community b outlines any further model/s of affordable housing suitable for Wagga Wagga c informs Councillors of any relevant State or Federal Government strategy for social, affordable or community housing |
Report
Recently Wagga Wagga City Council have included references to affordable housing in its planning documents including the Community Strategic Plan where it states “Provide a range of accessible and affordable housing for people from all income levels and stages of life” and recently the Local Strategic Planning Statement “Develop a housing strategy to accommodate an additional 14,500 homes and 36,000 people, with a view to analysing social housing, housing affordability, diversity, serviceability and sustainability”.
It is encouraging to see affordable housing as a priority for the city in these strategic documents. We cannot let them remain there though. This report is the next step in helping identify current affordable housing strategies, both in Wagga and elsewhere, and will provide information about housing strategies by other levels of Government.
Historically social and affordable housing has been concentrated in particular suburbs, namely Tolland and Ashmont. The proposed Tolland housing redevelopment, while welcomed, continues the tradition of allowing those suburbs to do the heavy lifting. Wagga has potentially missed out on providing a better approach to affordable and social housing for many years, and our recent growth areas have almost ignored it completely. It is hoped that this report will help identify and implement new opportunities.
Financial Implications
N/A
Policy and Legislation
Code of Meeting Practice
Link to Strategic Plan
Community Leadership and Collaboration
Objective: We have strong leadership
Outcome: We plan long term
Risk Management Issues for Council
N/A
Internal / External Consultation
N/A
Report submitted to the Ordinary Meeting of Council on Monday 22 February 2021 |
RP-1 |
RP-1 DA20/0741 - Dwelling with attached garage and shed
Author: Bikash Pokharel
General Manager: Peter Thompson
Summary: |
This report is for a development application and is presented to Council for determination. The application has been referred to Council under Section 1.11 of the Wagga Wagga Development Control Plan 2010 (DCP) as the development proposes a variation to a numerical development control and a submission has been received that includes an objection that relates to the control.
The application seeks approval for a single storey dwelling and shed at 5 Lakesend Place, Lake Albert. The applicant seeks a variation to Control 2 of Section 9.3.7 of the Wagga Wagga Development Control Plan 2010 as follows.
C2 Any point of a building must have a setback from the side boundary nearest to that point of at least:
a) If the lot is in Zone R5 a setback of 2m
The applicant proposes a 1 metre setback to the shed from the western and southern boundaries of the property.
Approval of the application is consistent with the objectives of the section 9.3.7 of the DCP and the objectives of the R5 Zone and will have negligible amenity and visual impacts on surrounding neighbourhood.
The application is recommended for approval. |
That Council approve DA20/0741 for construction of a single storey dwelling with attached garage and shed, at 5 Lakesend Place, Lake Albert, Lot 52 DP 1235752 as outlined in the attached Section 4.15 report and subject to the conditions of consent contained within the attached draft notice of determination.
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Development Application Details
Applicant |
Graham Matthew Dunn and Nicole Jane Dunn |
Owner |
Graham Matthew Dunn and Nicole Jane Dunn |
Development Cost |
$411,581.00 |
Development Description |
Dwelling with attached garage and shed |
Report
Key Issues
· Compliance with Wagga Wagga DCP 2010.
The proposed development does not comply with the Control 2 of section 9.3.7 of the DCP (9.3.7 Side and rear setbacks). The control requires a 2 metres side setback however the applicant has proposed the shed to be setback 1 metre from the western and southern boundary.
· A submission received is in objection to the development. The objection relates to the proposed 1m setback of the proposed shed and potential overshadowing and visual impacts due to the reduced side setback.
Assessment
· The application is for the construction of single storey dwelling with attached garage and shed at 5 Lakesend Place, Lake Albert.
· The lot is 1310.00m2 in extent and located within the R5 Large Lot Residential Zone and is currently vacant.
· The application was notified to surrounding properties and one submission has been received against the application.
· The determination of the application is reported to Council as the objection is related to a numerical control being varied by greater than 10%.
· The proposed development seeks variation to Control 2 of section 9.3.7 of the Wagga Wagga Development Control Plan 2010 as follows.
C2 Any point of a building must have a setback from the side boundary nearest to that point of at least:
a) If the lot is in Zone R5 a setback of 2m
The applicant proposes a 1metre setback to the shed from the western (side) boundary of the property (see diagram below).
· Approval of the application and the requested side setback variation, has been assessed as being consistent with the objectives of the section 9.3.7 of the DCP and the objectives of the R5 Zone and to have negligible amenity and visual impacts on the surrounding neighbourhood. Full details of this assessment have been included in the attached Section 4.15 assessment report.’
· The application is recommended for approval.
Reasons for Approval
· The shed is considered to be ancillary to the proposed use of the land (residential) and meets the objectives of the control under Section 9.3.7 of the Wagga Wagga Development Control Plan 2010.
· The reduced side setback still maintains adequate separation between adjoining buildings for landscaping, privacy, natural light, ventilation and access for maintenance.
· The shed and the proposed reduced setback will not unreasonably restrict any significant views and will not cause unreasonable impact with respect to the aspect enjoyed by adjoining properties.
· The shed will not cause unreasonable amenity impacts on adjoining properties with respect to overshadowing of any outdoor living area, private open space area or any north facing living windows.
· The proposal is consistent with the pattern of existing development within this area and will not cause any detrimental impact on the streetscape or character of the area.
· Having regard to the overall assessment of the application under section 4.15 of the Environmental Planning and Assessment Act 1979 as detailed in the attached assessment report.
Site Location
The subject site is located on the southern side of Lakesend Place approximately 65m west of the intersection with Lakehaven Drive, Lake Albert.
Financial Implications
N/A
Policy
Wagga Wagga Local Environmental Plan 2010
Wagga Wagga Development Control Plan 2010
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
Approval of the application may result in challenges from objector in the Land and Environment Court which will have to be defended by Council. The reasons for approval will have to be justified and withstand scrutiny and cross examination in Court.
Refusal of the application may result in challenge by the applicant in Land and Environment Court.
Internal / External Consultation
N/A
1. |
DA20-0741- 4.15 Assessment Report - Provided under separate cover |
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DA20-0741 - Draft Notice of Determination (conditions of consent) - Provided under separate cover |
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DA20-0741 - Redacted Plans - Provided under separate cover |
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DA20-0741 - Redacted Submission - Provided under separate cover |
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Report submitted to the Ordinary Meeting of Council on Monday 22 February 2021 |
RP-2 |
RP-2 COVID-19 Fast Track Events Sponsorship
Author: Fiona Hamilton
Director: Janice Summerhayes
Summary: |
Council is in receipt of three applications for the COVID-19 Fast Track Event Sponsorship Program for events held from 1 February to 30 June 2021. Council supported this approach in November 2020 as a response to COVID-19 impacts. The applications detailed in this report are for a community event, a workshop series and a short film. |
That Council authorise the General Manager or their delegate to enter into an agreement to sponsor the following events through the 2020/21 Events Sponsorship budget: a Kylie Biltris, Art Starts Here (Murray Arts) to the amount of $7,818 b Ladysmith Tourist Railway Inc. to the amount of $4,000 c Catherine van der Rijt (Eastbourne Road Pty Ltd) to the amount of $10,000 |
Report
Council is in receipt of three applications for the COVID-19 Fast Track Event Sponsorship Program for events held from 1 February to 30 June 2021.
In line with the Major Events, Festivals and Films Sponsorship Policy (POL087) these applications have been assessed by the Major Events Advisory Panel (the Panel).
The applications received and recommended sponsorship funding amounts are summarised as follows:
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Organisation Name |
Event Name |
Amount Requested |
Funding Recommended |
1 |
Kylie Biltris (Auspiced through Murray Arts) |
Art Starts Here – Wagga Village Creative Event of Workshops |
$7,818 |
$7,818 |
2 |
Ladysmith Tourist Railway Inc |
Ladysmith Railway Centenary Celebration |
$4,000 |
$4,000 |
3 |
Catherine van der Rijt (Auspiced through Eastbourne Road Pty Ltd) |
The Drive (12-minute short film) |
$15,000 |
$10,000 |
Event Details:
1. Art Starts Here Creative Village Workshops
The organiser is seeking $7,818 funding for a traveling silk scarf marbling creative workshop to be held in Mangoplah, Uranquinty, Collingullie, Oura, Ladysmith and Tarcutta between 16th and 19th March 2021.
While the organiser is an individual, auspicing has been arranged through Murray Arts Inc.
Event details:
· Date: 30 March 2021 – 2 April 2021
· Expected attendance: 72 (12 per workshop)
· Visitors (from outside of LGA): Intended as an event for local residents
· Program:
o Silk marbling
· Duration: one day
· Venue: Community halls
· Total event cost: $8,445
· Total amount requested: $7,818
The funding requested will be used for venue hire, advertising, workshop facilitation, travel/accommodation and auspicing fees.
If successful in securing the requested funding the applicant will acknowledge Council’s funding through logo placement on all material.
The Panel has assessed this application against the COVID-19 Fast Track Events, Festival and Films Sponsorship Guidelines and recommends this event of workshops be funded $7,818 for the following reasons:
· The event provides benefit to both the community and local business, particularly addressing COVID-19 impacts and the resulting cancellation of many of the city’s larger events
· The event activates six of our villages and will have flow on effects to the community and local business
· The event, while small in number, is free to community members and will improve public confidence in attending events and activities post Covid-19
· The organiser’s budget was realistic and the organiser demonstrated a commitment to deliver a COVID safe experience
· The event aligns to Council’s Community Strategic Plan Objective ‘We have opportunities to connect with others’.
2. Ladysmith Railway Centenary Celebrations
The Ladysmith Tourist Railway Inc is seeking $4,000 funding for a celebration of the centenary of the first official railway line from Ladysmith to Tumbarumba. The community event will include a vintage car display, vintage movie footage, market stalls, barbeque as well as steam engine, trike, blacksmith and other relevant displays.
Event details:
· Date: 13 and 14 March 2021
· Expected attendance: 251-500
· Visitors (from outside of LGA): Intended as a community event for local residents, however there may be some outside visitation, <20%
· Program:
o Events commences Saturday 13 March 1pm – 4pm
o Event continues Sunday 14 March 9am – 3pm
· Duration: two days
· Venue: Ladysmith Railway
· Total event cost: $4,200
· Total amount requested: $4,000
The funding requested will be used for event promotion, site preparation and the hiring of equipment including portable toilets, marquee, tables and chairs.
If successful in securing the requested funding the applicant will acknowledge Council’s sponsorship through logo placement in print material, digital promotions and speeches on the day.
The Panel has assessed this application against the COVID-19 Fast Track Events, Festival and Films Sponsorship Guidelines and recommends this event be funded $4,000 for the following reasons:
· The event provides benefit to both the community and local business, particularly addressing COVID-19 impacts and the resulting cancellation of many of the city’s larger events
· The event activates the Ladysmith village and will have flow on effects to the community and local business
· The event is free to community members and will improve public confidence in attending events and activities post Covid-19
· The event represents good value for money based on the forecast attendance of between 250-500 and the requested investment of $4,000 equating to $8 to $16 per person
· The event aligns to Council’s Community Strategic Plan Objective ‘We have opportunities to connect with others’.
3. The Drive Short Film
The organiser is seeking $15,000 to part fund a 12-minute short film and proof of concept for a feature film, ‘The Drive’. The short film will be shot in Wagga Wagga and the surrounding region.
Film details:
· Date: 15 - 17 March 2021
· Expected attendance: 8 cast and crew, staying for 4 nights
· Visitors (from outside of LGA): 100%
· Duration: Five nights for filming
· Location: Various including the Riverina Hotel, Mangoplah Hotel, the Black Swan, J&D Motor Repairs and McKell Avenue Mount Austin in addition to filming in surrounding hires
· Total film cost: $20,000
· Total amount requested: $15,000
The funding requested will be used for accommodation, travel, salaries for cast and crew, shoot costs as well as venue and equipment hire.
If successful in securing the requested funding the applicant will acknowledge Council’s sponsorship through logo placement in opening/closing credits as well as a produced ‘in association with’ credit.
The Panel has assessed this application against the COVID-19 Fast Track Events, Festival and Films Sponsorship Guidelines and recommends this event be funded $10,000 for the following reasons:
· The event provides benefit to local business such as accommodation operators, caterers and equipment suppliers
o The budget for on-site production/filming is estimated at $20,000
o 60% of the film production budget is estimated to be injected into the local economy spent locally
o The cast and crew members visiting for the shoot are estimated to spend $6,720 (source: economy.id)
· The event provides employment opportunities for locally based crew and cast members
· The applicant has supplied a Covid-safe plan for the on-site production of the film, in line with NSW Health guidelines
· The film project has destination awareness potential
This project addresses some of the criteria for the funding through the employment of local creatives as well as local procurement and hire of equipment and services. However, the assessment panel determined that in terms of perceived value for money this project was unable to establish a case for the full amount of $20K requested.
Financial Implications
The 2020/21 COVID-19 Fast Track Events Sponsorship budget is $100,000 with $11,000 commitments leaving a budget remaining of $89,000. If Council approves the recommendation to fund the events outlined in this report totalling $21,818, this will leave $67,182 budget for the remainder of the 2020/21 financial year.
Job consolidation number: 15308
Policy and Legislation
POL087 – Major Events, Festivals and Films Sponsorship
Link to Strategic Plan
Community Place and Identity
Objective: We have opportunities to connect with others
Outcome: Groups, programs and activities bring us together
Risk Management Issues for Council
Financial risk if events not successful, mitigated through controls in sponsorship contracts with staged payment based on KPI targets.
Internal / External Consultation
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Community Engagement |
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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 |
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1. |
Art Starts Here Application This matter is considered to be confidential under Section 10A(2) of the Local Government Act 1993, as it deals with: commercial information of a confidential nature that would, if disclosed, reveal a trade secret. - Provided under separate cover |
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2. |
Art Starts Workshops Runsheet This matter is considered to be confidential under Section 10A(2) of the Local Government Act 1993, as it deals with: commercial information of a confidential nature that would, if disclosed, reveal a trade secret. - Provided under separate cover |
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3. |
Art Start Workshops Budget This matter is considered to be confidential under Section 10A(2) of the Local Government Act 1993, as it deals with: commercial information of a confidential nature that would, if disclosed, reveal a trade secret. - Provided under separate cover |
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4. |
Ladysmith Centenary Application This matter is considered to be confidential under Section 10A(2) of the Local Government Act 1993, as it deals with: commercial information of a confidential nature that would, if disclosed, reveal a trade secret. - Provided under separate cover |
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5. |
Ladysmith Centenary Budget This matter is considered to be confidential under Section 10A(2) of the Local Government Act 1993, as it deals with: commercial information of a confidential nature that would, if disclosed, reveal a trade secret. - Provided under separate cover |
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The Drive Application This matter is considered to be confidential under Section 10A(2) of the Local Government Act 1993, as it deals with: commercial information of a confidential nature that would, if disclosed, reveal a trade secret. - Provided under separate cover |
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The Drive Treatment This matter is considered to be confidential under Section 10A(2) of the Local Government Act 1993, as it deals with: commercial information of a confidential nature that would, if disclosed, reveal a trade secret. - Provided under separate cover |
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The Drive Budget This matter is considered to be confidential under Section 10A(2) of the Local Government Act 1993, as it deals with: commercial information of a confidential nature that would, if disclosed, reveal a trade secret. - Provided under separate cover |
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9. |
The Drive Script This matter is considered to be confidential under Section 10A(2) of the Local Government Act 1993, as it deals with: commercial information of a confidential nature that would, if disclosed, reveal a trade secret. - Provided under separate cover |
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Report submitted to the Ordinary Meeting of Council on Monday 22 February 2021 |
RP-3 |
Author: David Bolton
Director: Michael Keys
Summary: |
Request for Council consent from sub lessee (REX Investments Pty Ltd) to grant a mortgage over the sub-lease – Airport Hangar Site 140 (Douglas Space Aerospace Hangar). |
That Council authorise the General Manager to execute documents regarding sub-lease on Airport Hangar Site 140, Wagga Wagga Airport subject to consent from the Commonwealth Government. |
Report
REX Investment Holdings Pty Ltd currently lease Hangar 140, Wagga Airport (Douglas Aerospace Hangar, Elizabeth Avenue, Forest Hill NSW. This is a sub-lease of Council’s overall Airport lease with the Commonwealth Government.
Council has received a request from Rex Investments Pty Ltd to assist with their new financial arrangements and allow Rex to grant security by way of a mortgage over their interests in the leased property.
In accordance with Clause 16 of the existing Lease Agreement, Rex Investment Holdings Pty Ltd have requested the consent of Wagga Wagga City Council to put a mortgage over the Lease. A deed of agreement has been prepared by Rex Investment Holdings Pty Ltd to enable this.
It is recommended that Council consent to the new assignment for financing purposes, subject to receipt of Commonwealth Government consent.
Financial Implications
N/A
Policy and Legislation
POL 038 Leasing and Licencing Policy
Link to Strategic Plan
Growing Economy
Objective: We are a Regional Capital
Outcome: We have complete and accessible transport networks, building infrastructure, improving road travel reliability, ensure on-time running for public transport
Risk Management Issues for Council
Council has sought legal advice to ensure our obligations and requirements under the Commonwealth Government head lease are not compromised and complied with. No issues or concerns were identified.
Report submitted to the Ordinary Meeting of Council on Monday 22 February 2021 |
RP-4 |
RP-4 COMMUNITY WORKS RESERVE - ELIGIBILITY CRITERIA
Author: Carolyn Rodney
Director: Natalie Te Pohe
Summary: |
This report recommends the adoption of eligibility criteria for the allocation of funds from the Community Works Reserve. |
That Council approve the proposed eligibility criteria and process for the allocation of funds from the Community Works Reserve. |
Report
The Community Works Reserve was established as per 26 June 2017 Council meeting RP-19. The Reserve is funded from a levy on capital works project budgets, with the first $50K going to the Public Art Reserve to fund items contained within the Public Art Program, and the balance going to the Community Works Reserve.
The original purpose of the Reserve was to assist in the funding of competing priorities for both new and existing community assets.
A Councillor Workshop was held on 7 December 2020 to discuss options for the use of the funds, with the majority of Councillors present supporting placing on hold the decision pending the appointment of the new Councillors in September 2021. After further discussion at the 18 January 2021 Council meeting, Councillors resolved:
A follow up workshop was held on 1 February 2021, in which most Councillors in attendance supported the following eligibility criteria:
Proposed Eligibility Criteria for applications:
Essential Criteria |
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a. Organisation must be located within the Wagga Wagga Local Government Area, plus b. the requested funds must be for the public good – either capital work or a one-off activity which is primarily for the benefits of a community need which is not otherwise being met. |
Other Criteria |
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Organisation can be either: a) Not-for-Profit; or b) For-Profit Not-for-Profit organisations will be weighted higher than For-Profit organisations for assessment purposes. |
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The submission must include a detailed business case, which includes: • Project scope • Expected outcomes • Estimated project budget, split by expenditure type (ie: contractors, materials, in-kind) • Estimated project timeframe • Estimated whole of life costs, and ability for organisation to fund ongoing maintenance of capital works |
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Level of organisation’s own funding, including any estimated in-kind works the organisation will be undertaking themselves, along with all other proposed funding sources for the total works. NB: This section must not include any previously approved, or future proposed Wagga Wagga City Council funding. |
5 |
a. one-off funding by Council; or b. loan borrowing facility with repayments transferring back to the Community Works Reserve. |
Proposed Process:
1. The funding available will be the current proposed Closing Balance for the year (ie: $95,372 available for the 2021-year-round).
2. Applications for funding will open in April, with organisations submitting their application during the Long-Term Financial Plan (LTFP) public exhibition period.
3. Staff will assess applications against approved eligibility criteria and provide recommendations to Councillors at a workshop to be held in early July after the LTFP has been adopted by Council in June 2021 and formally resolve on the applications at the 26 July 2021 meeting (July meeting due to the caretaker period commencing 4 August 2021).
4. All applicants will be provided advice on their application after Council resolve on the assistance to be provided, funded from the Community Works Reserve.
5. Similar to the annual grants program, funding will be provided to the organisation following Council resolution and will undergo an acquittal process at the completion of the works.
It is proposed that the funding available does not need to be fully allocated each year. Depending on the applications received, Council can resolve to not allocate funding (all or part-thereof), which would then result in more funding available in the next year’s round.
Financial Implications
The Community Works Reserve was established on 26 June 2017 via Council resolution. The Reserve is funded from a levy on capital works project budgets, with the first $50K going to the Public Art Reserve to fund items contained within the Public Art Program, and the balance going to the Community Works Reserve.
If Council resolves as per this report, an annual amount will be available for all organisations within the Local Government area to make submissions for funding for any capital works via an annual request process. The annual amounts will differ year on year and are based on the annual capital works budgets.
Policy and Legislation
Budget Policy – POL 052
Loans to Community Organisations Management Policy – POL 010
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 allocation of Council funds to community groups can be political and also has the potential to create precedents. Council needs to balance the limited funding available with deemed community needs.
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….”
Council’s Finance Division have consulted with all relevant areas within the Council.
A Councillor Workshop was conducted on Monday 7 December 2020 with all Councillors in attendance.
A subsequent Councillor Workshop was held on 1 February 2021 with seven (7) Councillors in attendance.
If the recommended process is adopted, Council officers will commence developing a marketing campaign, similar to that used for the Annual Grants program.
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Community Engagement |
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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 |
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1. |
Councillor Workshop #1 - 07.12.2020 Outcomes Document This matter is considered to be confidential under Section 10A(2) of the Local Government Act 1993, as it deals with: commercial information of a confidential nature that would, if disclosed, reveal a trade secret. - Provided under separate cover |
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2. |
Councillor Workshop #2 - 01.02.2021 Outcomes Document This matter is considered to be confidential under Section 10A(2) of the Local Government Act 1993, as it deals with: commercial information of a confidential nature that would, if disclosed, reveal a trade secret. - Provided under separate cover |
|
Report submitted to the Ordinary Meeting of Council on Monday 22 February 2021 |
RP-5 |
RP-5 FINANCIAL PERFORMANCE REPORT AS AT 31 JANUARY 2021
Author: Carolyn Rodney
Director: Natalie Te Pohe
Summary: |
This report is for Council to consider information presented on the 2020/21 budget and Long Term Financial Plan, and details Council’s external investments and performance as at 31 January 2021. |
That Council: a approve the proposed 2020/21 budget variations for the month ended 31 January 2021 and note the continued forecast deficit budget position as a result of COVID‑19 b approve the Pending Projects budgets outlined within the report to be included in the 2020/21 Confirmed Capital Works Delivery Program c approve the transfer of the remaining 2020/21 Pending Project Capital budgets to future financial years of the Long Term Financial Plan 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 31 January 2021 in accordance with section 625 of the Local Government Act 1993 |
Report
Wagga Wagga City Council (Council) continues to forecast deficit budget positions as a result of the estimated financial impact the COVID-19 pandemic is having on many businesses, with local councils not immune to the pandemic.
At this stage, Council forecasts a $3.7M deficit budget position for the 2020/21 budget year (as at 31 January 2021). This will continue to be reviewed as the year progresses, with updates provided to Council as part of the monthly financial performance report.
Council has experienced a positive monthly investment performance for the month of January when compared to budget ($13,247 up on the monthly budget). This is mainly due to an increase in the principal value of Council’s Floating Rate Note portfolio as at 31 January 2021.
Key Performance Indicators
OPERATING INCOME
Total operating income is 60% of approved budget so is trending slightly over budget for the month of January 2021. 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 87% when compared to budget.
OPERATING EXPENSES
Total operating expenditure is 55% of approved budget and is tracking slightly under budget at this stage of the financial year.
CAPITAL INCOME
Total capital income is 25% 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 63% of approved budget (including ‘Pending Projects’). Excluding ‘Pending Projects’ budgets, the capital expenditure including commitments is 95% of approved budget which is as a result of the full contract amounts being raised for multi-year projects.
WAGGA WAGGA
CITY COUNCIL |
|||||||
CONSOLIDATED STATEMENT |
|||||||
|
ORIGINAL |
BUDGET ADJ |
APPROVED BUDGET |
YTD ACTUAL EXCL COMMT'S 2020/21 |
COMMT'S 2020/21 |
YTD ACTUAL + COMMT'S |
YTD % OF BUD |
Revenue |
|||||||
Rates & Annual Charges |
(72,529,470) |
0 |
(72,529,470) |
(42,188,671) |
0 |
(42,188,671) |
58% |
User Charges & Fees |
(22,261,420) |
0 |
(22,261,420) |
(13,402,622) |
0 |
(13,402,622) |
60% |
Interest & Investment Revenue |
(2,306,255) |
0 |
(2,306,255) |
(1,939,493) |
0 |
(1,939,493) |
84% |
Other Revenues |
(2,931,718) |
(514,515) |
(3,446,233) |
(2,663,927) |
0 |
(2,663,927) |
77% |
Operating Grants & Contributions |
(13,415,374) |
4,541,058 |
(8,874,316) |
(5,021,392) |
0 |
(5,021,392) |
57% |
Capital Grants & Contributions |
(89,541,725) |
20,630,516 |
(68,911,209) |
(16,027,530) |
0 |
(16,027,530) |
23% |
Total Revenue |
(202,985,962) |
24,657,059 |
(178,328,903) |
(81,243,635) |
0 |
(81,243,635) |
46% |
|
|||||||
Expenses
|
|||||||
Employee Benefits & On-Costs |
48,595,768 |
(448,102) |
48,147,666 |
25,656,700 |
0 |
25,656,700 |
53% |
Borrowing Costs |
3,452,579 |
(207,776) |
3,244,803 |
1,437,898 |
0 |
1,437,898 |
44% |
Materials & Contracts |
30,860,378 |
6,203,627 |
37,064,005 |
17,883,352 |
4,558,938 |
22,442,290 |
61% |
Depreciation & Amortisation |
35,177,865 |
0 |
35,177,865 |
20,520,421 |
0 |
20,520,421 |
58% |
Other Expenses |
9,985,219 |
2,385,791 |
12,371,010 |
5,108,820 |
121,022 |
5,229,842 |
42% |
Total Expenses |
128,071,808 |
7,933,541 |
136,005,349 |
70,607,192 |
4,679,960 |
75,287,151 |
55% |
|
|||||||
Net Operating (Profit)/Loss |
(74,914,154) |
32,590,600 |
(42,323,554) |
(10,636,444) |
4,679,960 |
(5,956,484) |
|
|
|||||||
Net Operating (Profit)/Loss before Capital Grants & Contributions |
14,627,571 |
11,960,084 |
26,587,655 |
5,391,086 |
4,679,960 |
10,071,046 |
|
|
|||||||
Capital / Reserve Movements |
|||||||
Capital Expenditure - One Off Confirmed |
31,423,131 |
33,836,484 |
65,259,615 |
17,425,037 |
57,464,657 |
74,889,694 |
118% |
22,666,954 |
(1,235,916) |
21,431,038 |
5,734,004 |
3,500,175 |
9,234,179 |
39% |
|
102,263,183 |
(55,253,425) |
47,009,758 |
0 |
0 |
0 |
0% |
|
Loan Repayments |
4,718,119 |
(307,774) |
4,410,344 |
2,572,701 |
0 |
2,572,701 |
58% |
New Loan Borrowings |
(22,723,947) |
(3,401,392) |
(26,125,338) |
0 |
0 |
0 |
0% |
Sale of Assets |
(2,173,514) |
(1,018,634) |
(3,192,148) |
(1,805,556) |
0 |
(1,805,556) |
57% |
Net Movements Reserves |
(21,740,087) |
(5,600,836) |
(27,340,923) |
0 |
0 |
0 |
0% |
Total Cap/Res Movements |
114,433,839 |
(32,981,492) |
81,452,347 |
23,926,187 |
60,964,832 |
84,891,019 |
|
|
|||||||
|
ORIGINAL |
BUDGET ADJ |
APPROVED
BUDGET |
YTD ACTUAL EXCL COMMT'S 2020/21 |
COMMT'S 2020/21 |
YTD ACTUAL +
COMMT'S |
YTD % OF BUD |
Net Result after Depreciation |
39,519,685 |
(390,892) |
39,128,793 |
13,289,743 |
65,644,792 |
78,934,535 |
|
|
|||||||
Add back Depreciation Expense |
35,177,865 |
0 |
35,177,865 |
20,520,421 |
0 |
20,520,421 |
58% |
|
|||||||
Cash Budget (Surplus) / Deficit |
4,341,820 |
(390,892) |
3,950,927 |
(7,230,678) |
65,644,792 |
58,414,113 |
|
Description |
Budget 2020/21 |
Budget 2021/22 |
Budget 2022/23 |
Budget 2023/24 |
Budget 2024/25 |
Budget 2025/26 |
Budget 2026/27 |
Budget 2027/28 |
Budget 2028/29 |
Budget 2029/30 |
Adopted Bottom Line (Surplus) / Deficit |
4,341,819 |
2,909,316 |
2,682,933 |
1,763,495 |
2,131,200 |
3,137,673 |
2,748,594 |
1,622,670 |
1,359,793 |
740,739 |
Prior Adopted Bottom Line Adjustments |
(390,892)
|
(564,550)
|
(754,410)
|
(943,879)
|
(1,153,789)
|
(1,214,422)
|
(1,459,291)
|
(1,698,226)
|
(1,953,832)
|
(2,217,476)
|
Revised Bottom Line (Surplus) / Deficit** |
3,950,927
|
2,344,766
|
1,928,523
|
819,616
|
977,411
|
1,923,251
|
1,289,303
|
(75,556)
|
(594,039)
|
(1,476,737)
|
** Note that the Revised Bottom Line (Surplus) / Deficit shown does not include the proposed budget variations for January 2021.
Categories for budget adjustments in this month’s finance report:
This month’s Budget adjustments are categorised as follows:
1. Budget Variations which affect the current 2020/21 financial year
2. 2020/21 Pending Project budgets transferred into the 2020/21 Confirmed Delivery Program
3. 2020/21 project budgets timing adjustments
4. 2020/21 Projects completed, or deemed no longer required
5. Future Year Projects completed, or deemed no longer required
2020/21 Revised Budget Result – (Surplus) / Deficit |
$’000s |
Original 2020/21 Budget Result as adopted by Council Total Budget Variations approved to date Budget Variations for January 2021 - Needle exchange program ($5K) - Pedestrian Access & Mobility Program ($42K) - Erosion Control Sandy Creek ($220K) |
$4,342K ($391K) ($267K)
|
Proposed Revised Budget result for 31 January 2021 - (Surplus) / Deficit |
$3,684K |
1. The proposed Budget Variations for 31 January 2021 which affect the current 2020/21 financial year are listed below:
Budget Variation |
Amount |
Funding Source |
Net Impact (Fav)/ Unfav |
|
1 – Community Leadership and Collaboration |
||||
Internal Audit Salaries External Audit Consultancy |
$58K $42K |
Staff Vacancy Savings ($73K) Gravel Pit Restoration Reserve ($27K) |
Nil |
|
The Chief Audit Executive (CAE) position was vacant prior to the commencement of the 2020/21 financial year and due to the budget pressures the Covid-19 pandemic placed on Council’s budget, the position was placed on hold for a 12-month period. The CAE position budget is now required to be reinstated for the remainder of the 2020/21 financial year with the recent appointment of a staff member to the position. Budgets are also required to engage external audit specialists to undertake two of the three compliance audits scheduled for completion this financial year due to the specialised nature of the audits (quarries and an RMS audit). It is proposed to fund the variation from staff vacancy savings identified across the organisation and the Gravel Pit Restoration Reserve (for the quarries compliance audit). |
|
|||
2 – Safe and Healthy Community |
||||
The Gap RFS Shed Construction Umbango RFS Shed Construction |
$100K
$120K |
Rural Fire Service Contribution ($220K) |
Nil |
|
The Rural Fire Service (RFS) have requested budgets for the Gap Rural Fire Service (RFS) Shed Construction and Umbango RFS Shed Construction totalling $330K for the two sheds. The Gap RFS Shed Construction budget of $150K involves the construction of a new single bay RFS shed and driveway off the Gap Hall to Downside Road. The Umbango RFS Shed Construction budget of $180K involves the construction of a new single bay RFS shed with a toilet and a new approach road to the shed from Wattle Vale Road. Council will manage the two projects with the expenditure incurred by Council to be reimbursed by the RFS at the end of the project. The project will be phased over 2 financial years with $220K allocated in 2020/21 and $110K allocated in 2021/22. Estimated Completion: 30 June 2022 Job Consolidations: 19573 & 19334
|
|
|||
3 – Growing Economy |
||||
PFAS Removal from Taxiway |
$936K |
Federal Government Contribution ($936K) |
Nil |
|
Estimated Completion: 30 June 2021 Job Consolidation: 47308 |
|
|||
Venue Technical Events Kit & Technical Support |
$18K |
Federal Government Grant ($18K) |
Nil |
|
Council has been successful in securing Federal Government grant funds for supporting the Wagga Wagga Civic Theatre through the purchase of sound and lighting equipment. The Cultural Plan recommends that Council create a Live Music and Events Kit containing the essential public address system and lighting gear needed for a small concert in one of the city’s park stages, sports fields or amphitheatres. The kit will be made available to a set number of applicants each year, accompanied by a technician who can set up, operate and maintain the equipment. This brings the total project budget to $30K, with $12K previously approved for this project during the 2020/21 budget process. Estimated Completion: 30 June 2021 Job Consolidation: 20846 |
|
|||
4 – Community Place and Identity |
||||
Botanic Gardens Museum Site Redevelopment |
($4,359K) |
Project Carryover Reserve $76K Grant Funding $4,283K |
Nil |
|
Due to delays with a prolonged procurement process for the Botanic Gardens Museum Site Redevelopment Project it is proposed to defer the construction component of the project to 2021/22. The total project budget is $5,235K. Estimated Completion: 30 June 2022 Job Consolidation: 18847 |
|
|||
Creative Industries |
$10K |
Social Planning Operating Budget ($5K) Cultural Programming Operating Budget ($5K) |
Nil |
|
Renowned Wiradjuri artist Lorraine Connelly-Northey will be delivering an 8‑week program from 20th April to 9th June 2021 at the Wagga Wagga Art Gallery, working with 18-28 year old Wiradjuri and First Nations emerging artists who live in Wagga Wagga. This program is in line with the Cultural Plan 2020-2030 action 2.04 Present and promote Wiradjuri and First Nations art in cultural facilities. It is proposed to fund the program from existing Social Planning and Cultural Programming budgets. Estimated Completion: 30 June 2021 Job Consolidation: 21146 |
|
|||
5 – The Environment |
||||
Old Narrandera Road Redesign |
$94K |
Old Narrandera Road Olympic Highway Intersection ($94K) |
Nil |
|
The Old Narrandera Road/Olympic Highway Intersection is owned by Transport NSW and Council is not required to contribute to the upcoming intersection treatment. Council has funds allocated to assist with the design of this intersection treatment in the current financial year which are now deemed no longer required due to the ownership of the intersection. It is proposed to reallocate the funds to be utilised for the redesigning of Old Narrandera Road from the Olympic Highway to Pine Gully Road. Estimated Completion: 30 June 2021 Job Consolidations: 15089 and 19601 |
|
|||
Excavator Purchase Water Truck Purchase |
$424K $328K |
Solid Waste Reserve ($752K) |
Nil |
|
The purchase of a Water Truck and Excavator for the GWMC were previously reported and approved by Council at the 20 January 2020 and 15 June 2020 Council meetings respectively. A review of the wording in the Council resolution has determined that no budget variation was resolved by Council at the time of these meetings. The purchases are funded from the Solid Waste Reserve. Estimated Completion: 30 June 2021 Job Consolidation: 70163 |
|
|||
Needle Exchange Program |
$2K |
Solid Waste Reserve ($7K) |
($5K) |
|
Council officers have reviewed the ‘Sharps’ needle exchange program and it has been determined that the ‘Sharps’ waste is considered to be Solid Waste in accordance with Council’s Sharps Policy and the Sharps Program as it diverts this waste stream from Council’s landfill (1,533Kg diverted in 2019/20). It was identified as an imperative program to continue, given the benefits that it provides to the community and landfill operationally. The current budget is being funded from General Purpose Revenue. As it has now been determined to be a Solid Waste function, it is appropriate to adjust the funding source for this program. Due to rising costs of this program, it is also proposed increase the annual budget from $5K to $7K for both the current year and future years of the Long Term Financial Plan. Job Consolidation: 16602 |
|
|||
Gobbagombalin North Sewer Pump Station SPS33 New Assets |
$80K |
Sewer Reserve ($80K) |
Nil |
|
Additional funds are required for the new Gobbagombalin North Sewer Pump Station due to a change in the scope of works as a Sewer Truck Main Extension is now required that was not initially included. It is proposed to fund the additional works from the Sewer Reserve. Estimated Completion: 30 June 2021 Job Consolidation: 50363 |
|
|||
Renew Community Amenities – Anderson Oval |
($175K) |
Community Amenities Reserve $175K |
Nil |
|
Council’s Community Amenities recurrent program has Anderson Oval amenities scheduled for completion this financial year with a total project budget of $215K, with $39K expended and committed as at 10/02/2021. Additional funds are now required due to insufficient budget for the completion of the required refurbishment of the existing changerooms and toilets. These additional funds will be funded from within the existing Community Amenities recurrent program in future years to bring the total budget for Anderson Oval to $350K (effectively delaying the other identified locations construction by one year). The design of the amenities estimated at $30K for Anderson Oval is to be completed in 2020/21 with the remaining budget to be deferred and construction to be completed in 2021/22. Estimated Completion: 30 June 2022 Job Consolidation: 15198 |
|
|||
|
$0 |
|||
2. Pending Projects is a list of adopted Capital Works projects which have not been included in the 2020/21 Delivery Program for the following reason(s):
- Capacity and resourcing constraints
- Project description and scope not fully defined
- External funding to be determined
Capital Works Project |
Prior Years |
2020/21 Budget |
Future Years Budget |
Total Project Budget |
Comments |
LMC Cattle Yard Capability Upgrade Job Consolidation:45108 |
$3,110,846 |
$49,095 |
$0 |
$3,159,941 |
Currently $3,437 delivery and $45,658 pending. Proposed $49,095 delivery. |
LMC Implement Wifi Network Job Consolidation: 45109 |
$87,923 |
$134,277 |
$0 |
$222,200 |
Currently $6,714 delivery and $127,563 pending. Proposed $134,277 delivery. |
Parks Smart Irrigation Pilot Job Consolidation: 18804 |
$35,635 |
$39,865 |
$25,000 |
$150,000 |
Currently $5,000 delivery and $34,865 pending. Proposed $39,865 delivery. |
Sewer Narrung St Treatment Plant Flood Protection Job Consolidation: 50221 |
$0 |
$220,580 |
$0 |
$220,580 |
Currently $15,441 delivery and $205,140 pending. Proposed $220,581 delivery. |
Murray Street Stormwater Project Job Consolidation: 17742 |
$0 |
$25,000 |
$3,175,000 |
$3,200,000 |
Currently $0 delivery and $200,000 pending. Proposed $25,000 delivery. |
Sewage Treatment Works Renewal Tarcutta Job Consolidation: 50112 |
$55,870 |
$50,000 |
$200,000 |
$305,870 |
Currently $25,000 delivery and $25,000 pending. Proposed $50,000 delivery. |
3. The following 2020/21 projects have been reviewed by Council’s Project Management Team and delivery timelines rescheduled. There has been no change to the total budgets for these projects.
Job No. |
Project Title |
2020/21 Current Confirmed |
2020/21 Proposed Confirmed |
2021/22 Proposed Confirmed |
2021/22 Proposed Pending |
2022/23 Proposed Pending |
2023/24 Proposed Pending |
19736 |
Lord Baden Powell Drive Redevelopment |
$250,660 |
$5,000 |
$103,565 |
$1,240,278 |
$1,240,279 |
|
15090 |
Pine Gully Road - Bike Track |
$125,678 |
$5,000 |
$120,678 |
|
|
|
13684 |
Dunns Road - Upgrade |
$220,287 |
$354,651 |
|
$7,902,811 |
|
|
50266 |
Sewer Treatment Works – New Forest Hill Plant |
$712,850 |
$256,132 |
|
$1,528,929 |
$44,478 |
$731,778 |
50384 |
Install Flowmeters at Major Pumpstations |
$75,000 |
$138 |
|
$35,000 |
$39,862 |
|
15226 |
Energy Savings Project - Civic Centre Air-Conditioning Upgrade |
$31,235 |
$350,000 |
$268,374 |
|
|
|
20582 |
Art Gallery Humidity Control System |
$10,650 |
$201,015 |
$32,985 |
|
|
|
21082 |
RIFL Stage 3D - Relocate Power |
$1,388,865 |
$150,000 |
$1,238,865 |
|
|
|
70041 |
GWMC - Construction of a new Waste Cell |
|
$125,000 |
|
$5,524,297 |
|
|
47323 |
Airport Ancillary Land Acquisition |
$310,000 |
$10,000 |
$300,000 |
|
|
|
21004 |
Lake Albert Road Stage 3A |
$100,000 |
|
$2,627,078 |
|
|
|
4. The following 2020/21 Capital projects are now considered completed or are no longer required as per advice received from Council’s Project Management Team. The remaining funding can be returned to the relevant funding source.
Job |
Description |
2020/21 Current Pending |
2020/21 Current Confirmed |
2020/21 Revised Confirmed |
2020/21 Adj |
Commentary |
19534 |
Gobba-gombalin Stormwater |
$0 |
$2,138,790 |
$1,500,000 |
($638,790) |
Project completed under budget |
50250 |
Sewer Pump Station SPS23 Ashmont |
$0 |
$1,947,327 |
$1,430,000 |
($517,327) |
Project completed under budget |
45111 |
LMC Resurface Sheepyards |
$999,603 |
$0 |
$0 |
($999,603) |
Reduction in budget as adequate funds in 2021/22. |
39042 |
Pedestrian Access & Mobility Program |
$84,000 |
0 |
0 |
($84,000) |
$42K Grant was not received. Transfer $42K GPR to current 2020/21 Covid-19 budget deficit. |
50195 |
Sewer Boorooma Pump Station SPS08 – Increase pump capacity |
$76,035 |
$0 |
$0 |
($76,035) |
Pump station no longer required at this stage. To be reconsidered once sewer models and flow requirements are known as a result of Special Activation Precinct. |
50269 |
Sewer Gravity Network Extensions |
$1,275,183 |
$0 |
$0 |
($1,275,183) |
Project no longer required ($465K in 2021/22 removed also). |
19552 |
Erosion control Sandy Creek |
$0 |
$303,000 |
$83,383 |
($219,617) |
Project completed under budget. Transfer $220K GPR saving to current 2020/21 Covid-19 budget deficit. |
5. The following capital projects in future years of the LTFP are now considered completed or are no longer required as per advice received from Council’s Project Management Team. The remaining funding can be returned to the relevant funding source.
Job No. |
Project Title |
Years in LTFP |
Amount |
50251 |
Lakehaven West Pump Station - SPS24 - Renewal |
2021/22 |
$40,798 |
50271 |
Simmons Street Pump Station - SPS03 Renewal |
2021/22 + 2022/23 |
$133,694 |
50283 |
Forest Hill Smith Street Pump Station - SPS21 Renewal |
2021/22 + 2022/23 |
$44,069 |
50284 |
Kyeamba Pump Station - SPS26 Renewal |
2021/22 + 2022/23 |
$193,117 |
50291 |
Uranquinty Pump Station - SPS31 Renewal |
2021/22 + 2022/23 |
$48,032 |
50365 |
Kingsford Smith Pump Station - SPS32 Renewal |
2021/22 + 2022/23 |
$530,494 |
50351 |
Automation of Pump Stations - Variable Speed Drive Installations |
2021/22 |
$300,000 |
2020/21 Capital Works Summary
The below table is a summary of the current capital works program for the next few years, plus the proposed adjustments pending Council resolution:
|
2020/21 Confirmed |
2020/21 Pending |
2021/22 Confirmed |
2021/22 Proposed |
2022/23 Pending |
2023/24 Pending |
One-off Projects – prior to adjustments (figures reported in 18 January 2021 Council meeting Finance report) |
$63,133,102 |
$47,009,759 |
$0 |
$109,421,053 |
$26,771,780 |
$30,154,559 |
Proposed One-off Projects
|
$56,524,204 |
$0 |
$68,227,315 |
$45,505,469 |
$38,394,453 |
$41,170,514 |
Current Restrictions
RESERVES SUMMARY |
||||
31 JANUARY 2021 |
||||
|
CLOSING BALANCE 2019/20 |
ADOPTED RESERVE TRANSFERS 2020/21 |
BUDGET VARIATIONS APPROVED UP TO COUNCIL MEETING 18.1.2021 |
BALANCE AS AT 31 JANUARY 2021* |
|
|
|
|
|
Externally Restricted |
|
|
|
|
Developer Contributions - Section 7.11 |
(25,878,470) |
464,256 |
551,760 |
(24,862,454) |
Developer Contributions - Section 7.12 |
402,380 |
(50,464) |
32,251 |
384,167 |
Developer Contributions – S/Water DSP S64 |
(6,693,550) |
1,973,123 |
(448,464) |
(5,168,891) |
Sewer Fund |
(25,992,570) |
582,604 |
(2,596,667) |
(28,006,632) |
Solid Waste |
(22,421,037) |
9,163,583 |
340,407 |
(12,917,047) |
Specific Purpose Grants |
(3,645,164) |
0 |
3,645,164 |
0 |
SRV Levee |
(4,953,842) |
(1,652,925) |
436,607 |
(6,170,160) |
Stormwater Levy |
(4,143,634) |
(200,921) |
618,636 |
(3,725,919) |
Total Externally Restricted |
(93,325,885) |
10,279,256 |
2,579,694 |
(80,466,936) |
|
|
|||
Internally Restricted |
|
|||
Airport |
(324,921) |
(511,083) |
(113,890) |
(949,894) |
Art Gallery |
(55,091) |
38,500 |
16,555 |
(36) |
Ashmont Community Facility |
(3,665) |
(1,500) |
0 |
(5,165) |
Bridge Replacement |
(568,093) |
236,972 |
31,121 |
(300,000) |
CBD Carparking Facilities |
(774,666) |
105,302 |
(105,302) |
(774,666) |
CCTV |
(91,109) |
18,000 |
0 |
(73,109) |
Cemetery Perpetual |
(241,401) |
(138,203) |
0 |
(379,603) |
Cemetery |
(597,311) |
89,768 |
(69,226) |
(576,769) |
Civic Theatre Operating |
(96,321) |
87,904 |
0 |
(8,417) |
Civic Theatre Technical Infrastructure |
(7,706) |
7,706 |
0 |
(0) |
Civil Projects |
(142,016) |
0 |
0 |
(142,016) |
Community Amenities |
(282,200) |
243,050 |
15,509 |
(23,641) |
Community Works |
(176,588) |
81,215 |
0 |
(95,373) |
Council Election |
(444,166) |
(93,256) |
0 |
(537,422) |
Economic Development |
(490,000) |
490,000 |
0 |
0 |
Emergency Events |
(214,548) |
22,709 |
(8,901) |
(200,740) |
Employee Leave Entitlements |
(3,780,744) |
|
0 |
(3,780,744) |
Environmental Conservation |
(116,578) |
|
0 |
(116,578) |
Estella Community Centre |
(230,992) |
|
0 |
(230,992) |
Family Day Care |
(200,152) |
0 |
200,152 |
0 |
Fit for the Future |
(5,418,415) |
684,035 |
195,805 |
(4,538,574) |
Generic Projects Saving |
(325,101) |
325,101 |
0 |
0 |
Glenfield Community Centre |
(23,704) |
(2,000) |
0 |
(25,704) |
Grants Commission |
(5,488,910) |
|
5,488,910 |
0 |
Grassroots Cricket |
(70,992) |
|
0 |
(70,992) |
Gravel Pit Restoration |
(807,503) |
13,333 |
0 |
(794,170) |
|
CLOSING BALANCE 2019/20 |
ADOPTED RESERVE TRANSFERS 2020/21 |
BUDGET VARIATIONS APPROVED UP TO COUNCIL MEETING 18.1.2021 |
BALANCE AS AT 31 JANUARY 2021 |
Gurwood Street Property |
(50,454) |
|
0 |
(50,454) |
Information Services |
(1,089,975) |
446,840 |
8,492 |
(634,643) |
Infrastructure Replacement |
(350,988) |
219,491 |
(113) |
(131,610) |
Insurance Variations |
(100,246) |
|
0 |
(100,246) |
Internal Loans |
(1,672,256) |
(828,298) |
(675,336) |
(3,175,890) |
Lake Albert Improvements |
(208,718) |
141,163 |
(132) |
(67,688) |
LEP Preparation |
(2,667) |
2,667 |
0 |
0 |
Livestock Marketing Centre |
(5,651,791) |
3,374,777 |
589,835 |
(1,687,178) |
Museum Acquisitions |
(39,378) |
|
0 |
(39,378) |
Oasis Building Renewal |
(259,463) |
30,000 |
74,329 |
(155,135) |
Oasis Plant |
(1,071,266) |
464,228 |
140,279 |
(466,759) |
Office Equipment/Building Projects |
(73,752) |
71,251 |
0 |
(2,501) |
Parks & Recreation Projects |
(227,174) |
(180,000) |
163,174 |
(244,000) |
Planning Legals |
(40,000) |
(40,000) |
0 |
(80,000) |
Plant Replacement |
(3,542,217) |
2,046,451 |
25,866 |
(1,469,900) |
Playground Equipment Replacement |
(260,821) |
(116,356) |
85,000 |
(292,176) |
Project Carryovers |
(2,777,650) |
574,876 |
2,202,774 |
0 |
Public Art |
(158,877) |
52,572 |
13,760 |
(92,545) |
Robertson Oval Redevelopment |
(92,151) |
|
0 |
(92,151) |
Senior Citizens Centre |
(19,627) |
(2,000) |
0 |
(21,627) |
Sister Cities |
(55,776) |
30,000 |
0 |
(25,776) |
Sporting Event Attraction |
(198,449) |
59,000 |
139,027 |
(421) |
Sporting Event Operational |
(100,000) |
(30,180) |
0 |
(130,180) |
Stormwater Drainage |
(258,242) |
80,000 |
80,000 |
(98,242) |
Street Lighting Replacement |
(12,553) |
|
0 |
(12,553) |
Subdivision Tree Planting |
(536,435) |
80,000 |
10,602 |
(445,833) |
Sustainable Energy |
(340,563) |
89,945 |
112,836 |
(137,782) |
Unexpended External Loans |
(1,284,452) |
483,400 |
788,630 |
(12,422) |
Workers Compensation |
(160,649) |
|
(30,000) |
(190,649) |
Total Internally Restricted |
(41,609,483) |
8,747,383 |
9,379,755 |
(23,482,345) |
|
|
|
|
|
Total Restricted |
(134,935,368) |
19,026,638 |
11,959,449 |
(103,949,281) |
|
|
|
|
|
Total Unrestricted |
(12,262,000) |
0 |
0 |
(12,262,000) |
|
|
|
|
|
Total Cash, Cash Equivalents and Investments |
(147,197,368) |
19,026,638 |
11,959,449 |
(116,211,281) |
Investment Summary as at 31 January 2021
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 |
Closing Balance |
January |
January |
Investment |
Maturity |
Term |
Short Term Deposits |
|
|
|
|
|
|
|
|
Auswide |
BBB |
2,000,000 |
0 |
0.00% |
0.00% |
30/06/2020 |
29/01/2021 |
7 |
NAB |
AA- |
1,000,000 |
1,000,000 |
0.75% |
0.65% |
14/09/2020 |
14/09/2021 |
12 |
Total Short Term Deposits |
|
3,000,000 |
1,000,000 |
0.75% |
0.65% |
|
|
|
At Call Accounts |
|
|
|
|
|
|
|
|
NAB |
AA- |
574,028 |
135,851 |
0.10% |
0.09% |
N/A |
N/A |
N/A |
CBA |
AA- |
2,108,938 |
3,257,058 |
0.10% |
2.13% |
N/A |
N/A |
N/A |
CBA |
AA- |
12,603,740 |
10,107,896 |
0.20% |
6.61% |
N/A |
N/A |
N/A |
Macquarie Bank |
A+ |
9,000,984 |
9,004,806 |
0.50% |
5.89% |
N/A |
N/A |
N/A |
Total At Call Accounts |
|
24,287,689 |
22,505,611 |
0.30% |
14.71% |
|
|
|
Medium Term Deposits |
|
|
|
|
|
|
|
|
RaboBank |
A+ |
1,000,000 |
1,000,000 |
3.16% |
0.65% |
5/06/2017 |
6/06/2022 |
60 |
AMP |
BBB |
2,000,000 |
2,000,000 |
0.95% |
1.31% |
30/11/2020 |
30/05/2022 |
18 |
Rabobank |
A+ |
1,000,000 |
1,000,000 |
3.20% |
0.65% |
25/08/2016 |
25/08/2021 |
60 |
Westpac |
AA- |
3,000,000 |
3,000,000 |
1.12% |
1.96% |
10/03/2017 |
10/03/2022 |
60 |
Auswide |
BBB |
2,000,000 |
2,000,000 |
0.85% |
1.31% |
6/10/2020 |
6/10/2022 |
24 |
BOQ |
BBB+ |
2,000,000 |
2,000,000 |
3.35% |
1.31% |
3/01/2018 |
4/01/2022 |
48 |
BOQ |
BBB+ |
1,000,000 |
1,000,000 |
3.50% |
0.65% |
1/06/2018 |
1/06/2022 |
48 |
Westpac |
AA- |
2,000,000 |
2,000,000 |
3.02% |
1.31% |
28/06/2018 |
28/06/2021 |
36 |
BOQ |
BBB+ |
3,000,000 |
3,000,000 |
3.25% |
1.96% |
28/08/2018 |
29/08/2022 |
48 |
P&N Bank |
BBB |
1,000,000 |
1,000,000 |
3.10% |
0.65% |
16/10/2018 |
18/10/2021 |
36 |
Westpac |
AA- |
2,000,000 |
2,000,000 |
3.05% |
1.31% |
13/11/2018 |
15/11/2021 |
36 |
P&N Bank |
BBB |
1,000,000 |
1,000,000 |
3.30% |
0.65% |
20/11/2018 |
21/11/2022 |
48 |
NAB |
AA- |
2,000,000 |
2,000,000 |
3.01% |
1.31% |
30/11/2018 |
30/11/2021 |
36 |
Bendigo-Adelaide |
BBB+ |
1,000,000 |
1,000,000 |
3.25% |
0.65% |
30/11/2018 |
30/11/2022 |
48 |
Newcastle Permanent |
BBB |
2,000,000 |
2,000,000 |
3.05% |
1.31% |
8/02/2019 |
8/02/2022 |
36 |
ING Bank |
A |
1,000,000 |
1,000,000 |
2.82% |
0.65% |
22/02/2019 |
22/02/2021 |
24 |
Newcastle Permanent |
BBB |
2,000,000 |
2,000,000 |
2.70% |
1.31% |
23/04/2019 |
26/04/2022 |
36 |
BoQ |
BBB+ |
1,000,000 |
1,000,000 |
2.40% |
0.65% |
22/05/2019 |
23/05/2022 |
36 |
BoQ |
BBB+ |
1,000,000 |
1,000,000 |
2.15% |
0.65% |
8/07/2019 |
10/07/2023 |
48 |
Judo Bank |
NR |
1,000,000 |
1,000,000 |
2.30% |
0.65% |
16/07/2019 |
16/07/2021 |
24 |
Auswide |
BBB |
1,000,000 |
1,000,000 |
1.95% |
0.65% |
12/08/2019 |
12/08/2022 |
36 |
Judo Bank |
NR |
1,000,000 |
1,000,000 |
2.15% |
0.65% |
20/08/2019 |
19/08/2021 |
24 |
Australian Military Bank |
BBB+ |
1,000,000 |
1,000,000 |
1.76% |
0.65% |
20/08/2019 |
20/08/2021 |
24 |
Judo Bank |
NR |
1,000,000 |
1,000,000 |
1.90% |
0.65% |
10/09/2019 |
9/09/2022 |
36 |
Auswide |
BBB |
1,000,000 |
1,000,000 |
1.72% |
0.65% |
3/10/2019 |
4/10/2022 |
36 |
ICBC |
A |
2,000,000 |
2,000,000 |
2.03% |
1.31% |
6/11/2019 |
6/11/2024 |
60 |
ICBC |
A |
2,000,000 |
2,000,000 |
1.83% |
1.31% |
28/11/2019 |
28/11/2024 |
60 |
Judo Bank |
NR |
1,000,000 |
1,000,000 |
2.20% |
0.65% |
5/12/2019 |
3/12/2021 |
24 |
ICBC |
A |
1,000,000 |
1,000,000 |
1.75% |
0.65% |
6/01/2020 |
8/01/2024 |
48 |
BOQ |
BBB+ |
1,000,000 |
1,000,000 |
2.00% |
0.65% |
28/02/2020 |
28/02/2025 |
60 |
ING Bank |
A |
2,000,000 |
2,000,000 |
1.50% |
1.31% |
2/03/2020 |
2/03/2022 |
24 |
Macquarie Bank |
A+ |
2,000,000 |
2,000,000 |
1.40% |
1.31% |
9/03/2020 |
9/03/2022 |
24 |
Police Credit Union |
NR |
1,000,000 |
1,000,000 |
2.20% |
0.65% |
1/04/2020 |
1/04/2025 |
60 |
Institution |
Rating |
Closing Balance |
Closing Balance |
January |
January |
Investment |
Maturity |
Term |
ICBC |
A |
1,000,000 |
1,000,000 |
1.85% |
0.65% |
29/05/2020 |
29/05/2025 |
60 |
ICBC |
A |
1,000,000 |
1,000,000 |
1.86% |
0.65% |
1/06/2020 |
2/06/2025 |
60 |
ICBC |
A |
2,000,000 |
2,000,000 |
1.75% |
1.31% |
25/06/2020 |
25/06/2025 |
60 |
ICBC |
A |
2,000,000 |
2,000,000 |
1.75% |
1.31% |
25/06/2020 |
25/06/2025 |
60 |
ICBC |
A |
2,000,000 |
2,000,000 |
1.60% |
1.31% |
29/06/2020 |
28/06/2024 |
48 |
ICBC |
A |
3,000,000 |
3,000,000 |
1.25% |
1.96% |
30/06/2020 |
30/06/2022 |
24 |
ICBC |
A |
2,000,000 |
2,000,000 |
1.42% |
1.31% |
7/07/2020 |
8/07/2024 |
48 |
ICBC |
A |
2,000,000 |
2,000,000 |
1.50% |
1.31% |
17/08/2020 |
18/08/2025 |
60 |
BoQ |
BBB+ |
1,000,000 |
1,000,000 |
1.25% |
0.65% |
7/09/2020 |
8/09/2025 |
60 |
BoQ |
BBB+ |
2,000,000 |
2,000,000 |
1.25% |
1.31% |
14/09/2020 |
15/09/2025 |
60 |
AMP |
BBB |
1,000,000 |
1,000,000 |
0.95% |
0.65% |
26/11/2020 |
25/05/2022 |
18 |
AMP |
BBB |
2,000,000 |
2,000,000 |
0.95% |
1.31% |
7/12/2020 |
6/06/2022 |
18 |
ICBC |
A |
1,000,000 |
1,000,000 |
1.20% |
0.65% |
7/12/2020 |
8/12/2025 |
60 |
Warwick CU |
NR |
0 |
1,000,000 |
0.75% |
0.65% |
29/01/2021 |
30/01/2023 |
24 |
NAB |
AA- |
0 |
2,000,000 |
0.95% |
1.31% |
29/01/2021 |
29/01/2026 |
60 |
Total Medium Term Deposits |
|
71,000,000 |
74,000,000 |
1.99% |
48.36% |
|
|
|
Floating Rate Notes - Senior Debt |
|
|
|
|
|
|
|
|
Suncorp-Metway |
A+ |
1,013,010 |
1,013,598 |
BBSW + 97 |
0.66% |
16/08/2017 |
16/08/2022 |
60 |
Bendigo-Adelaide |
BBB+ |
508,496 |
507,398 |
BBSW + 105 |
0.33% |
25/01/2018 |
25/01/2023 |
60 |
Newcastle Permanent |
BBB |
1,528,487 |
1,529,707 |
BBSW + 140 |
1.00% |
6/02/2018 |
6/02/2023 |
60 |
UBS |
A+ |
2,025,849 |
2,026,995 |
BBSW + 90 |
1.32% |
8/03/2018 |
8/03/2023 |
60 |
Heritage Bank |
BBB+ |
1,403,357 |
1,403,768 |
BBSW + 123 |
0.92% |
29/03/2018 |
29/03/2021 |
36 |
ME Bank |
BBB |
1,609,074 |
1,603,982 |
BBSW + 127 |
1.05% |
17/04/2018 |
16/04/2021 |
36 |
Bank Australia |
BBB |
754,363 |
755,346 |
BBSW + 130 |
0.49% |
30/08/2018 |
30/08/2021 |
36 |
CUA |
BBB |
604,545 |
604,803 |
BBSW + 125 |
0.40% |
6/09/2018 |
6/09/2021 |
36 |
AMP |
BBB |
1,503,521 |
1,504,752 |
BBSW + 108 |
0.98% |
10/09/2018 |
10/09/2021 |
36 |
NAB |
AA- |
2,040,260 |
2,041,316 |
BBSW + 93 |
1.33% |
26/09/2018 |
26/09/2023 |
60 |
Bendigo-Adelaide |
BBB+ |
1,010,523 |
1,008,114 |
BBSW + 101 |
0.66% |
19/10/2018 |
19/01/2022 |
39 |
CBA |
AA- |
3,089,935 |
3,084,604 |
BBSW + 113 |
2.02% |
11/01/2019 |
11/01/2024 |
60 |
Westpac |
AA- |
3,094,265 |
3,089,360 |
BBSW + 114 |
2.02% |
24/01/2019 |
24/04/2024 |
63 |
ANZ |
AA- |
2,570,922 |
2,574,082 |
BBSW + 110 |
1.68% |
8/02/2019 |
8/02/2024 |
60 |
NAB |
AA- |
2,052,047 |
2,055,220 |
BBSW + 104 |
1.34% |
26/02/2019 |
26/02/2024 |
60 |
Bank of China Australia |
A |
1,515,044 |
1,512,820 |
BBSW + 100 |
0.99% |
17/04/2019 |
17/10/2022 |
42 |
Westpac |
AA- |
2,558,383 |
2,561,974 |
BBSW + 88 |
1.67% |
16/05/2019 |
16/08/2024 |
63 |
Suncorp-Metway |
A+ |
1,268,584 |
1,266,970 |
BBSW + 78 |
0.83% |
30/07/2019 |
30/07/2024 |
60 |
ANZ |
AA- |
2,037,481 |
2,041,063 |
BBSW + 77 |
1.33% |
29/08/2019 |
29/08/2024 |
60 |
HSBC |
AA- |
2,522,270 |
2,526,459 |
BBSW + 83 |
1.65% |
27/09/2019 |
27/09/2024 |
60 |
Bank Australia |
BBB |
1,501,414 |
1,504,779 |
BBSW + 90 |
0.98% |
2/12/2019 |
2/12/2022 |
36 |
ANZ |
AA- |
1,530,812 |
1,530,502 |
BBSW + 76 |
1.00% |
16/01/2020 |
16/01/2025 |
60 |
NAB |
AA- |
2,041,665 |
2,041,462 |
BBSW + 77 |
1.33% |
21/01/2020 |
21/01/2025 |
60 |
Newcastle Permanent |
BBB |
1,122,697 |
1,124,371 |
BBSW + 112 |
0.73% |
4/02/2020 |
4/02/2025 |
60 |
Macquarie Bank |
A+ |
2,033,868 |
2,035,721 |
BBSW + 84 |
1.33% |
12/02/2020 |
12/02/2025 |
60 |
BOQ Covered |
AAA |
564,425 |
565,014 |
BBSW + 107 |
0.37% |
14/05/2020 |
14/05/2025 |
60 |
UBS |
A+ |
954,819 |
955,289 |
BBSW + 105 |
0.62% |
21/05/2020 |
21/11/2022 |
30 |
Credit Suisse |
A+ |
1,325,606 |
1,326,768 |
BBSW + 115 |
0.87% |
26/05/2020 |
26/05/2023 |
36 |
UBS |
A+ |
1,528,644 |
1,526,756 |
BBSW + 87 |
1.00% |
30/07/2020 |
30/07/2025 |
60 |
Bank of China Australia |
A |
1,506,467 |
1,505,858 |
BBSW + 78 |
0.98% |
27/10/2020 |
27/10/2023 |
36 |
Total Floating Rate Notes - Senior Debt |
|
48,820,831 |
48,828,850 |
|
31.91% |
|
|
|
Institution |
Rating |
Closing Balance |
Closing Balance |
January |
January |
Investment |
Maturity |
Term |
Fixed Rate Bonds |
|
|
|
|
|
|
|
|
Northern Territory Treasury |
AA- |
2,000,000 |
2,000,000 |
1.00% |
1.31% |
30/11/2020 |
15/12/2025 |
60 |
Northern Territory Treasury |
AA- |
1,000,000 |
1,000,000 |
1.00% |
0.65% |
20/11/2020 |
15/12/2025 |
61 |
Northern Territory Treasury |
AA- |
2,000,000 |
2,000,000 |
1.00% |
1.31% |
21/10/2020 |
15/12/2025 |
62 |
Total Fixed Rate Bonds |
|
5,000,000 |
5,000,000 |
1.00% |
3.27% |
|
|
|
Managed Funds |
|
|
|
|
|
|
|
|
NSW Tcorp |
NR |
1,675,056 |
1,677,193 |
0.13% |
1.10% |
17/03/2014 |
1/01/2026 |
141 |
Total Managed Funds |
|
1,675,056 |
1,677,193 |
0.13% |
1.10% |
|
|
|
TOTAL
CASH ASSETS, CASH |
|
153,783,576 |
153,011,654 |
|
100.00% |
|
|
|
LESS: RIVERINA REGIONAL LIBRARY (RRL) CASH AT BANK |
|
3,089,878 |
4,347,793 |
|
|
|
|
|
TOTAL
WWCC CASH ASSETS, CASH |
|
150,693,698 |
148,663,861 |
|
|
|
|
|
Council’s investment portfolio is dominated by Term Deposits, equating to approximately 49% of the portfolio across a broad range of counterparties. Cash equates to 15%, with Floating Rate Notes (FRNs) around 32%, fixed rate bonds around 3% 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
Monthly Investment Movements
Redemptions – Council redeemed the following investment securities during January 2021:
Institution and Type |
Amount |
Investment Term |
Interest Rate |
Comments |
Auswide Bank (BBB) Term Deposit |
$2M |
7 months |
1.00% |
This term deposit was redeemed on maturity and funds were reinvested in a new 5-year NAB Bank term deposit (see below). |
New Investments – Council purchased the following investment securities during January 2021:
Institution and Type |
Amount |
Investment Term |
Interest Rate |
Comments |
Warwick Credit Union (Unrated) Term Deposit |
$1M |
2 years |
0.75% |
The Warwick Credit Union rate of 0.75% compared favourably to the rest of the market for this investment term – with the next best rate for a similar term being 0.55% for 2 years. |
NAB (AA-) Term Deposit |
$2M |
5 years |
0.95% |
The NAB rate of 0.95% compared favourably to the rest of the market for this investment term – with the next best rate being 0.80%. |
Monthly Investment Performance
Interest/growth/capital gains/(losses) for the month totalled $196,729, which compares favourably with the budget for the period of $183,482 - outperforming budget for the month by $13,247.
Council’s outperformance to budget for January was mainly a result of the Floating Rate Note (FRN) portfolio experiencing a positive return for the month, with Council seeing an increase in the principal value of the portfolio of 0.03% (or $14,615).
Over the past year, Councils investment portfolio has returned 1.78%, outperforming the AusBond Bank Bill index by 1.49%. This is expected to continue to reduce over the coming months and years with the expected continuation of the current low interest rate environment.
* 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 15 June 2020.
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
All relevant areas within the Council have consulted with the Finance Division in relation to the budget variations listed in this report.
The Finance Division has consulted with relevant external parties to confirm Council’s investment portfolio balances.
1⇩. |
Proposed Capital Works Program 2020/21 to 2030/31 |
|
Report submitted to the Ordinary Meeting of Council on Monday 22 February 2021 |
RP-6 |
RP-6 Section 356 Requests for Financial Assistance
Author: Craig Katsoolis
Director: Natalie Te Pohe
Summary: |
Council has received a number of fee waiver requests which are detailed for Council’s consideration. |
That Council: a in accordance with Section 356 of the Local Government Act 1993, provide financial assistance to the following: i Tarcutta Soldiers Memorial Hall $414 (Request 1) ii Cricket Wagga $497 (Request 2) iii Claudia Barton $195 maximum (Request 3) iv South Wagga Apex Club $100 (Request 4) b note the proposed budget available for financial assistance requests for the remainder of the 2020/21 financial year |
Report
Four (4) Section 356 financial assistance items are proposed for consideration at the 22 February 2021 Ordinary Council meeting, which are shown below:
1. Tarcutta Soldiers Memorial Hall $414
The Secretary of the Tarcutta Soldiers Memorial Hall notes in his attached letter:
As you would understand the Hall has been placed in a position by Covid 19 where very little income is being generated. Our markets closed in March 2020 and reopened in November 2020. The RSL waived 3 months’ rent. Recently some of the groups who hire the hall recommenced activities. We have still had to outlay funds for utilities.
Could you please consider our request to have the sewer fee of $414 (for the last three instalments) be waived.
The above request aligns with Councils Strategic Plan “Community Place and Identity - Objective: Groups Programs and activities bring us together”.
The proposed financial assistance of $414 is proposed to be funded from the Sewer Reserve.
2. Cricket Wagga (supporting fund raising for Country Hope) $497
Paul McKelvie Cricket Wagga Wagga Operations Manager writes in his attached letter:
“Cricket Wagga Wagga (CWW) have introduced a T20 competition this season commencing on Thursday 7th January 2021. It involves 16 matches over a 3‑week period with a mixture of games played during the day and day/night matches at Harris Park, Geoff Lawson Oval and culminating with the Final being held on Friday 22nd January under lights at Robertson Oval. CWW board recognised an opportunity to promote a fast, friendly competition that would appeal to families, players and spectators alike during the summer holidays.
CWW have partnered with Country Hope to raise much needed funds for their charity. Local businesses are sponsoring a "Super 6's" initiative, where for every 6 hit throughout the tournament, $44.50 will be donated to Country Hope. Currently that total sits at $1,100 after Round 1 of matches. The next 2 Friday night games at Robertson Oval, 15th and 22nd of January, volunteers will collect donations from patrons with proceeds going to Country Hope.
I am writing for Councillors to please consider either of the following options:
• Waiver fees for lights at Robertson Oval on Friday 15th and Friday 22nd of January 2021. Estimated 4.5 hours of lights required.
• Waiver fees for lights at Robertson Oval for the Grand Final on Friday 22nd of January 2021. Estimated 2.5 hours of lights required with presentations to follow Grand Final.
Cricket Wagga Wagga appreciates and thanks Wagga Wagga City Council for your enormous contribution to cricket in Wagga Wagga through its facilities and sporting grounds presentation. Thank you for considering our proposal and best wishes for 2021.
The above request aligns with Councils Strategic Plan “Community Place and Identity - Objective: we promote a healthy lifestyle”.
The proposed financial assistance of $497 (which will cover the 15th and 22nd January 2021 events) is proposed to be funded from unallocated funds within the General Section 356 budget.
3. Claudia Barton (Starlight Super Swim Fund raising Program) $195 maximum
Claudia writes in her email:
I’ve committed myself to a fundraising event, you may have heard of it Starlight Super Swim for sick children. My aim is to swim 30km in 30 days, I was wondering if you would be able to offer a discounted price for the admission to the pool? I’m happy to show you my registration for the event and all details involved but I am at a loss if I am fundraising but paying for the admission.
The above request aligns with Councils Strategic Plan “Community Place and Identity - Objective: Groups Programs and activities bring us together”.
The proposed financial assistance of $195 maximum reimbursement (calculated at $6.50 daily entry fee for 30 days) is proposed to be funded from unallocated funds within the General Section 356 budget.
4. South Wagga Apex Club Fisherama - 14 March 2021 $100
Andrew McPherson of South Wagga Apex Club writes in his email:
I am writing to you to request that Wagga City Council be so kind to support this event, by waiving the booking fee of $100.
Waiving the fee will ensure that South Wagga Apex can continue the Fisherama as a viable community event and assist South Wagga Apex to give back to the community throughout the next year, where we can.
The above request aligns with Councils Strategic Plan “Community Place and Identity - Objective: Groups Programs and activities bring us together”.
The proposed financial assistance of $100 is proposed to be funded from unallocated funds within the General Section 356 budget.
Financial Implications
Section 356 Budget Summary |
|
Previously advised unallocated balance of 2020/21 Section 356 fee waiver financial assistance budget |
$7,256.46 |
1) Tarcutta Soldiers Memorial Hall noted funded from Sewer Reserve - $414 |
Funded from Sewer Reserve |
2) Cricket Wagga Wagga |
($497.00) |
3) Claudia Barton (maximum reimbursement) |
($195.00) |
4) South Wagga Apex Club |
($100.00) |
Subtotal Fee Waivers included in this report – proposed to be funded from the Section 356 Budget |
($792.00) |
Balance of Section 356 fee waiver financial assistance budget for the remainder of the 2020/21 Financial Year |
$6,464.46 |
Policy and Legislation
POL 078 – Financial Assistance Policy
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
Cross Directorate consultation has been undertaken as required.
1⇩. |
S356 Tarcutta Soliders Memorial Hall Financial Assistance Request |
|
2⇩. |
S356 Cricket Wagga Financial Assistance Request |
|
3⇩. |
S356 Claudia Barton Financial Assistance Request |
|
4⇩. |
S356 South Wagga Apex Club Financial Assistance Request |
|
Report submitted to the Ordinary Meeting of Council on Monday 22 February 2021 |
RP-7 |
RP-7 Oasis Gas Supply Contract
Author: David Butterfield
Director: Natalie Te Pohe
Summary: |
For Councillors to endorse the General Manager, or their delegate to enter into a contract for the supply of natural gas for the Oasis Regional Aquatic Centre. |
That Council: a note that the current contract for the supply of natural gas to the Oasis Regional Aquatic Centre expires on 31 March 2021 b note that suppliers of this type of commodity will generally only hold their prices firm for a period of five (5) days from the date of the Tender submission, which is insufficient time to then present a report to Council before the offer expires c note and endorse the General Manager or their delegate, to enter into a contract with the successful Tenderer for the supply of natural gas to the Oasis Regional Aquatic Centre for a period of one (1) year plus 3 by 12-month extension options at Council’s sole discretion d authorise the affixing of Council’s Common Seal to all relevant documents as required |
Report
The current contract for the supply of natural gas to the Oasis Regional Aquatic Centre expires on 31 March 2021. Council officers are proposing to release a Tender for the supply of natural gas to the Oasis Regional Aquatic Centre, for a period of one (1) year plus 3 by 12-month extension options at Council’s sole discretion.
Previous experience is that suppliers for this type of commodity will only hold the price firm for a period of five (5) days from the date the Tender is submitted because of the volatility in the market. This timeframe does not enable Council staff to present a report to Council before the offer expires.
It should be noted that this is a similar experience and a similar process that has been undertaken for the supply of electricity to small, large and unmetered sites, where suppliers only hold their pricing firm for five (5) days from submission, again, as a result of the volatility in the market.
The General Manager is not required under Section 377 of the Local Government Act 1993 to seek a delegation from Council to award Tenders (other than for those that provide services currently provided by members of the staff of the council pursuant to Section 377(1)(i)). However, the General Manager has continued to present all Tenders to Council for a resolution, unless otherwise advised, to ensure there is openness and transparency of such an important process for Council and the community.
It is therefore believed prudent for Council to formally note and endorse the action that will be undertaken by the General Manager in relation to the entering of a contract for the supply of natural gas to the Oasis Regional Aquatic Centre for a period of one (1) year plus 3 by 12-month extension options at Council’s sole discretion, upon receipt of a submission that is considered satisfactory to Council.
Financial Implications
Most recent annual expenditure for the supply of gas (excluding network charges that are not contestable) was $176,108 for the 2020 calendar year. A reduction in gas use has been experienced due to the COVID-19 pandemic, with a normal non-pandemic year in the vicinity of $200,000 that is budgeted within the Oasis cost centre.
Account number: 14208007157
Policy and Legislation
Local Government Act 1993
Sections 377 and 55
Link to Strategic Plan
Safe and Healthy Community
Objective: We promote a healthy lifestyle
Outcome: Recreation is a part of everyday life
Risk Management Issues for Council
Council’s POL 110 Procurement and Disposal Policy is relevant and will be applied when Council officers release the Tender, along with Section 55 of the Local Government Act 1993.
If Councillors consider this favourably, the Oasis Regional Aquatic Centre will have a guaranteed supplier of gas prior to the expiry of the current contract on 31 March 2021.
Internal / External Consultation
Council officers from the Procurement team have consulted with those in Regional Activation.
Report submitted to the Ordinary Meeting of Council on Monday 22 February 2021 |
RP-8 |
RP-8 RESOLUTIONS AND NOTICES OF MOTIONS REGISTERS
Author: Ingrid Hensley
Director: Peter Thompson
Summary: |
This report provides Councillors with an update on the status of all resolutions of Council including Notices of Motion. |
That Council receive and note the following registers: a Active Resolutions as at 12 February 2021 b Active Notice of Motions as at 12 February 2021 c Resolutions including Notice of Motions completed from 11 January 2021 to 12 February 2021 |
Report
The attached registers, outline details of each resolution with the following analysis provided as a snapshot as at 11 November 2020:
· 101 Active resolutions
· 18 Active Notices of Motions
· 7 resolutions including Notice of Motions have been completed from 11 January 2021 to 12 February 2021
Financial Implications
N/A
Policy and Legislation
Council’s Code of Meeting Practice
Link to Strategic Plan
Community Leadership and Collaboration
Objective: We are informed and involved in decision making
Outcome: Everyone in our community feels they have been heard and understood
Risk Management Issues for Council
N/A
Internal / External Consultation
N/A
1. |
Active Resolution Register - Provided under separate cover |
|
2. |
Active Notice of Motions - Provided under separate cover |
|
3. |
Completed Resolutions - Provided under separate cover |
|
Report submitted to the Ordinary Meeting of Council on Monday 22 February 2021 |
RP-9 |
RP-9 RESPONSE TO QUESTIONS/BUSINESS WITH NOTICE
Author: Scott Gray
General Manager: Peter Thompson
Summary: |
This report is to provide responses to Questions/Business with Notice arising from previous Ordinary Council Meetings. |
That Council receive and note the report. |
Report
The following is in response to Questions/Business with Notice raised at previous Ordinary Council meetings.
Councillor D Hayes requested an update on the Digital Connectivity Program for the local government area. |
The Gig State project has been evolving and shifting in response to market and technology changes since the Government first announced it in 2019. Tender for data hubs & backhaul fibre from Sydney to Wagga, Dubbo and Parkes will open sometime in Q2 2021 One element of the project (localised fibre upgrades) is expected to be handled by NBN and may no longer be part of the pilot program o Business Fibre Zones (BFZ) will deliver local service for business customers – 60% reduction in costs o Once backhaul lines and BFZ fibre is built, this network could be extended to residential customers Council has also been working and supporting a private company, Leading Edge, to identify a site for a data centre in Wagga, at this stage it is anticipated that Leading Edge will open in Wagga Wagga in late 2021. |
Councillor D Hayes requested a progress report on items outlined in the Wagga Wagga Integrated Transport Strategy 2040. |
Council staff will review Wagga Wagga Integrated Transport Strategies actions and prepare a further report to Council. |
Councillor P Funnell expressed concern and requested lighting be installed as matter of urgency at the Pine Gully and Old Narrandera Road intersection. |
The design of the Pine Gully Road upgrade is almost complete and includes street lighting at the intersection of Old Narrandera Road. These works were originally planned for completion within the 2021/22 Long Term Financial Plan; however, additional work is now being done to ensure that the staging of the developments in the vicinity provide the best economic outcome long term.
To install lighting at the intersection now, even if temporary, would require Council to gain access to low voltage power from an existing development 300m along Pine Gully Road and install a compliant lighting system at the intersection. As per advice from Essential Energy, the existing power line along Old Narrandera Road is high voltage and is not suitable for street lighting. Completing these works now would result in some assets being made redundant once the intersection is finally upgraded. Whilst a formal costing has not been done on this work it is expected to be cost prohibitive. |
Councillor R Kendall requested Council investigate the use of smart signs to address safety concerns at the Pine Gully/Old Narrandera Road intersection. |
This request has been investigated and the cost for installation of a Transport for NSW/RMS conforming Intelligent Traffic Sign is approximately $17.5k (supply and install). There is also a yearly subscription fee of $420 per sign, which allows for remote login for trouble shooting and access to the data the sign can collect (traffic counts, speeds etc.).
A “Stop Sign Ahead” could be installed about 200m north of Old Narrandera Road on the eastern side of Pine Gully Road once the appropriate approvals were obtained and funds secured. |
Councillor T Koschel requested an update on drainage and flooding issues at Best Park and Gurwood Street laneways, following concerns raised by residents. |
Council has made contact with the complainant at Best Park to understand the issue and is investigating the problem to determine a solution. Commercial Lane off Gurwood Street has been surveyed buy Councils surveyors and is with the Design Team for investigation of the problem to propose solutions. Commercial Lane is kerb and guttered, however the kerb is a low profile kerb approximately 50mm high and the longitudinal grades are virtually non-existent. |
Councillor T Koschel requested the General Manager investigate methods and timeliness of communication between Council and Councillors. In particular, communication provided to Councillors following the release of the Order, suspending Councillor P Funnell. |
Council has consulted with the Office of Local Government NSW (OLG NSW) to discuss opportunities to improve communication from OLG in relation to any future Deputy Secretary Decisions. A change to the current “private and confidential” approach will allow the General Manager to communicate outcomes to all Councillors when they are received and before the OLG releases material publicly. |
Councillor K Pascoe requested that Council investigate and consider pruning trees along Messenger Avenue and Boorooma Street to address traffic safety issues in the area. |
To satisfy Safe Intersection Stopping Distance requirements for a vehicle travelling east along Messenger Avenue from Boorooma Street approaching the Kellerman Crescent intersection, 4 juvenile Chinese Elms will be removed from the verge to address sight distance requirements and improve road safety at this location. |
Councillor D Tout requested an update on the intersection of Boorooma Street and Estella Road including a copy of the condition of consent as stated by Director Regional Activation, Michael Keys regarding additional infrastructure.
|
A copy of the Development Consent was provided to Councillor Tout. Currently awaiting further advice from School’s Infrastructure. |
Financial Implications
N/A
Policy and Legislation
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 22 February 2021 |
M-1 |
M-1 FLOODPLAIN RISK MANAGEMENT ADVISORY COMMITTEE - MINUTES - 2 FEBRUARY 2021
Author: Shannon Coghlan
Director: Darren Raeck
Summary: |
The Floodplain Risk Management Advisory Committee met on 2 February 2021 |
That Council receive and note the minutes of the Floodplain Risk Management Advisory Committee meeting held on 2 February 2021. |
Report
The Floodplain Risk Management Advisory Committee met on 2 February 2021 and the minutes from this meeting are attached for Councillors’ reference.
Financial Implications
N/A
Policy and Legislation
N/A
Link to Strategic Plan
Community Leadership and Collaboration
Objective: We are informed and involved in decision making
Outcome: Everyone in our community feels they have been heard and understood
Risk Management Issues for Council
N/A
Internal / External Consultation
N/A
1⇩. |
Floodplain Risk Management Advisory Committee - minutes - 2 February 2021 |
|
Reports submitted to the Ordinary Meeting of Council to be held on Monday 22 February 2021.
Report submitted to the Confidential Meeting of Council on Monday 22 February 2021 |
CONF-1 |
CONF-1 AIRPORT - EQUIPMENT GRANT OFFER NEW SECURITY SCREENING
Author: Darryl Woods
Director: Michael Keys
This report is CONFIDENTIAL in accordance with Section 10A(2) of the Local Government Act 1993, which permits the meeting to be closed to the public for business relating to the following: -
(d) (i) commercial information of a confidential nature that would, if disclosed, prejudice the commercial position of the person who supplied it; and
(e) information that would, if disclosed, prejudice the maintenance of law.
Report submitted to the Confidential Meeting of Council on Monday 22 February 2021 |
CONF-2 |
CONF-2 AIRPORT SUB-LEASE HANGAR SITE 20
Author: Darryl Woods
Director: Michael Keys
This report is CONFIDENTIAL in accordance with Section 10A(2) of the Local Government Act 1993, which permits the meeting to be closed to the public for business relating to the following: -
(d) (iii) commercial information of a confidential nature that would, if disclosed, reveal a trade secret.
Report submitted to the Confidential Meeting of Council on Monday 22 February 2021 |
CONF-3 |
CONF-3 AIRPORT SUB-LEASE HANGER SITE 13
Author: Darryl Woods
Director: Michael Keys
This report is CONFIDENTIAL in accordance with Section 10A(2) of the Local Government Act 1993, which permits the meeting to be closed to the public for business relating to the following: -
(d) (i) commercial information of a confidential nature that would, if disclosed, prejudice the commercial position of the person who supplied it; and
(d) (iii) commercial information of a confidential nature that would, if disclosed, reveal a trade secret.