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Agenda and
Business Paper

 


Ordinary Meeting of Council

 

 

 

To be held on
Monday 30 May 2022

at 6:00pm

 

 

 

Civic Centre cnr Baylis and Morrow Streets,
Wagga Wagga NSW 2650 (PO Box 20)
P 1300 292 442
P council@wagga.nsw.gov.au


wagga.nsw.gov.au


NOTICE OF MEETING

 

The proceedings of all Council meetings in open session, including all debate and addresses by the public, are recorded (audio visual) and livestreamed on Council’s website including for the purpose of facilitating community access to meetings and accuracy of the Minutes.

 

In addition to webcasting council meetings, audio recordings of confidential sessions of Ordinary Meetings of Council are also recorded, but do not form part of the webcast.

 

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Mr Peter Thompson

General Manager

 


WAGGA WAGGA CITY COUNCILLORS

 

 

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Mayor

Councillor Dallas Tout

 

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Deputy Mayor

Councillor Jenny McKinnon

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Councillor Georgie Davies

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Councillor Richard Foley

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Councillor Dan Hayes

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Councillor Michael Henderson

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Councillor Rod Kendall

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Councillor Tim Koschel

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Councillor Amelia Parkins

 

 

 

 

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

 

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Reports submitted to the Ordinary Meeting of Council to be held on Monday 30 May 2022.

Ordinary Meeting of Council AGENDA AND BUSINESS PAPER

Monday 30 May 2022

ORDER OF BUSINESS:

CLAUSE               PRECIS                                                                                       PAGE

PRAYER                                                                                                                       3

WELCOME TO COUNTRY                                                                                             3

APOLOGIES                                                                                                                 3

Confirmation of Minutes

CM-1           ORDINARY COUNCIL MEETING - 16 MAY 2022                                         3

DECLARATIONS OF INTEREST                                                                                    4

Mayoral Minutes

MM-1           PERFORMANCE AUDIT ON THE PLANNING AND MANAGING OF BUSHFIRE EQUIPMENT - RURAL FIRE SERVICE ASSETS                                         5

Reports from Staff

RP-1            WAGGA WAGGA BUSINESS CHAMBER MEMORANDUM OF UNDERSTANDING (MOU) - 2022-2025                                                                                                  9

RP-2            DA22/0128 - DWELLING, LOT 1 SECTION 16 DP 759024, 4 CONNORTON ST, URANQUINTY                                                                                          58

RP-3            PLANNING PROPOSAL - LEP21/0003 - 20 HELY AVENUE - Amendment to land zoning of the Wagga Wagga Local Environmental Plan 2010 64

RP-4            COUNCILLOR REMUNERATION                                                              73

RP-5            2021 SALE OF LAND FOR UNPAID RATES - UPDATE ON PUBLIC AUCTION AND SALE PROCESS                                                                                                94

RP-6            FINANCIAL PERFORMANCE REPORT AS AT 30 APRIL 2022                  97

RP-7            TRANSPORT FOR NSW ACCESS TO WAGGA WAGGA CYCLING COUNTER DATA   132

RP-8            DRAFT DEVELOPER INFRASTRUCTURE AGREEMENTS POLICY        134

RP-9            ART GALLERY COLLECTION MANAGEMENT POLICY POL 004           154

RP-10          ART GALLERY EXHIBITION POLICY POL 005                                       166

RP-11          RESOLUTIONS AND NOTICES OF MOTIONS REGISTERS                    175

RP-12          RESPONSE TO QUESTIONS/BUSINESS WITH NOTICE                         177

Committee Minutes

M-1              LOCAL TRAFFIC COMMITTEE MEETING - 12 MAY 2022                       179   

QUESTIONS/BUSINESS WITH NOTICE                                                                     187

Confidential Reports

CONF-1       EXPRESSION OF INTEREST FOR LEASE - 99 PETER STREET, WAGGA WAGGA      188

 

PRAYER

Almighty God,

Help protect our Mayor, elected Councillors and staff.

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

Amen.

 

WELCOME TO COUNTRY

Aunty Dorothy Wyman, a respected Local Wiradjuri Elder, will perform the Welcome to Country in recognition of National Reconciliation Week 2022.

 

APOLOGIES

 

Confirmation of Minutes

CM-1              ORDINARY COUNCIL MEETING - 16 MAY 2022       

 

Recommendation

That the Minutes of the proceedings of the Ordinary Council Meeting held on 16 May 2022 be confirmed as a true and accurate record.

 

 

 

Attachments

 

1.

Minutes - 16 May 2022

189

 

 

DECLARATIONS OF INTEREST


Report submitted to the Ordinary Meeting of Council on Monday 30 May 2022

MM-1

 

Mayoral Minute

MM-1              PERFORMANCE AUDIT ON THE PLANNING AND MANAGING OF BUSHFIRE EQUIPMENT - RURAL FIRE SERVICE ASSETS

 

Recommendation

That Council writes to the Riverina Joint Organisation (Riverina JO), the Canberra Region Joint Organisation (CRJO) and the Riverina & Murray Joint Organisation (RAMJO) regarding the following:

a       noting the performance audit currently being undertaken by the NSW Audit Office on Planning and managing bushfire equipment

b       supports Wagga Wagga City Council’s position that Rural Fire Service (RFS) assets are not owned, nor controlled by councils, and should not be accounted for in council’s annual financial statements

c        supports Wagga Wagga City Council’s position that RFS assets are owned and controlled by RFS, and should be included in RFS annual financial statements

 

Report

Margaret Crawford, the Auditor-General for New South Wales has recently advised Wagga Wagga City Council (WWCC) that the NSW Audit Office will be undertaking a performance audit on the Planning and managing of bushfire equipment, with WWCC being selected as one of three NSW councils to be included in the audit, in addition to the NSW Rural Fire Service (RFS).

 

In 2017, the Auditor General was appointed as the auditor of local government in New South Wales.  The Auditor-General engaged the NSW Audit Office (Audit Office) to undertake all the audits on their behalf.

 

The Auditor-General’s Report on Local Government 2020, notes the following:

Sixty-eight councils did not record rural fire fighting equipment worth $119 million in their financial statements.  The NSW Government has confirmed these assets are not controlled by the NSW Rural Fire Service and are not recognised in the financial records of the NSW Government”.

As noted above, 68 of 128 local councils in NSW (which equates to 53%), do not consider the RFS assets under their ownership or control, and therefore do not recognise these assets in their financial statements.

 

The RFS asset recognition issue has been included in Wagga Wagga City Council’s annual Management letter as a listed issue since the Audit Office commenced auditing local government in 2017.

 

An extract from Council’s latest Management letter for the year ended 30 June 2021 is shown below, which notes the Audit Office’s position, together with Council’s Management Response:

 

Extract from Management Letter on the Final Phase of the Audit for the Year Ended 30 June 2021 – Wagga Wagga City Council:

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Wagga Wagga City Council is in the Riverina Zone, together with Coolamon, Junee and Lockhart Shire Councils.  Each member council pays an annual contribution to their respective fire zones, with the total zone contribution required determined by the NSW RFS.

 

The annual contributions paid to the RFS allow the RFS to purchase and maintain their assets.

 

Given the Audit Office has only selected three (3) local councils to be included in this performance audit, it is critical that Council gains the support of Riverina JO, CRJO and RAMJO to ensure the local government sector is correctly represented on the issue. 

 

Financial Implications

There are no financial implications with resolving this Mayoral Minute as presented. 

 

There would however be financial implications if all councils were mandated to include RFS assets in their financial statements.

Policy and Legislation

Rural Fires Act 1997 (NSW) Section 119

 

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

The NSW Audit Office have made contact Council staff with further meetings to follow.

 

 

Attachments

 

1.

Auditor-General: 10.03.2022 - Commencement letter - Performance Audit - Planning and managing bushfire equipment

 

 

 


Report submitted to the Ordinary Meeting of Council on Monday 30 May 2022

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Report submitted to the Ordinary Meeting of Council on Monday 30 May 2022

RP-1

 

Reports from Staff

RP-1               WAGGA WAGGA BUSINESS CHAMBER MEMORANDUM OF UNDERSTANDING (MOU) - 2022-2025

Author:                        Scott Gray 

General Manager:    Peter Thompson

         

 

Summary:

Council has provided funding support over the past two years to

The Wagga Wagga Business Chamber by way of a Memorandum of Understanding (MOU). The MOU ended on 31 December 2021

and was subsequently extended until 30 June 2022.

 

The Business Chamber has effectively met its undertakings under

the MOU. Accordingly, taking into account the Chamber’s

beneficial role in supporting and fostering business activity in our

City, it is recommended that Council support renewal of the MOU

on suitable terms.

 

The new MOU takes into account the Business Chamber’s new

long-term strategic plan, and changes in the general and wider

business climate in Wagga Wagga.

 

 

Recommendation

That Council:

a       endorse the attached draft Memorandum of Understanding (MOU) – 2022 to 2025 between Wagga Wagga City Council and the Wagga Wagga Business Chamber

b       delegate authority to the Mayor to sign the MOU on behalf of Council

 

Report

Background

 

Council and the Wagga Wagga Business Chamber entered a two-year MOU in January 2020. Under the MOU, Council provided funding of $65,000 a year inclusive of GST to the Business Chamber.

 

The MOU had five objectives:

1. Promotion of the Wagga Wagga business sector at regional state and national levels

2. Collaboration between Council and the business sector to seek external funding for major projects in our area

3. Engagement of the business sector in revitalising commercial and industrial areas of our area e.g. Wagga Wagga City Centre

4. Attraction of business & government services to our area and creation of new businesses within our area

5. Building the capacity of the Business Chamber through increased revenue & membership

 

Funding provided by Council has helped the Business Chamber to enhance Council’s standing within the business community. Council funding has also assisted the Chamber to participate actively in initiatives hosted by Council such as the Business Round Table.

 

Overall, the Business Chamber has met the expectations set out in the MOU, including

undertaking specific activities such as events and promotions, despite the challenges and changes of COVID-19.

 

The Chamber prepared a detailed performance report covering activities over the past two years. A copy of the performance report was provided to Council at the 7 March 2022 Council Meeting and is again attached for the information of Councillors.

 

Key benefits of Council’s support for the Business Chamber include:

 

-           Direct collaboration and co-ordination of activities with the small business network.

-           Support, assistance and guidance for small and medium businesses

-           Access to regional, state and national business chamber network resources, lobbying and support.

 

Council could not provide the same support, representation and resources on behalf of the Wagga Wagga business community without a substantial increase in resources and associated expenditure. This is even more relevant in the current climate due to recent departures of key employees within the Economic Development area of Council. In summary, the Business Chamber offers a high level of value for money for the services provided and on offer.


New Draft MOU

 

The key objectives of the new draft MOU are to:

 

-           promote, lobby and advocate for the Wagga Wagga business sector broadly at the regional, state and federal levels;

-           jointly seek, promote and advocate for major funding (from all levels of government) and projects within the LGA;

-           engage the local business sector in revitalising the commercial and industrial areas of the Wagga Wagga region through increased commercial activity;

-           advocate for the creation of new businesses in the LGA, the relocation of existing businesses to the LGA and the attraction of government services to the LGA;

-           build the economic development capacity of the Chamber through increased funding and membership.

 

A strong and effective Business Chamber provides a mix of advocacy and direct services on behalf of the Wagga Wagga business community. This can contribute significantly to the overall economic development in our area, both overall business activity and jobs creation. The Business Chamber has also contributed to development and delivery of Council’s objectives.

 

Funding for relevant activities assists the Chamber to be more effective and strategic. Funding also fosters a positive relationship between Council and business community. Accordingly, it is desirable to maintain funding support at an appropriate level.

 

The Business Chamber has indicated the desirability of aligning funding support with its longer-term planning horizon. This will enable the Chamber to take on extra activities that will improve the spread & productivity of our local workforce e.g. participation in school-to-work transition initiatives. Such activities play a part in addressing ongoing workforce shortages.

 

It is proposed that a new funding agreement (“the new MOU”) be for three years as outlined below.

 

Year One (July 2022 - June 2023)      $68,250 (inclusive of GST)

Year Two (July 2023 - June 2024)      $68,250 (inclusive of GST)

Year Three (July 2024 - June 2025)   $68,250 (inclusive of GST)

 

The benefit of extending the term of the new MOU to three years is two-fold.

 

1.   Funding continuity can be managed over a longer term, while retaining Council’s prerogative to withdraw from the MOU if there is a deterioration in performance.

 

2.   Future decisions about funding can be better aligned with the timing of the next Council election cycle.

 

The new MOU will incorporate a requirement for annual reporting on progress.

 

Two key themes drove negotiations over the new MOU:

 

1.   The first is addressing the recovery process from COVID.
Wagga Wagga has fared better than many other areas, but it is evident that there has been a significant impact on shopfront retail activity and like businesses, which are important to overall activation.

 

2.   The second is building capacity for the coming infrastructure boom.
This has the potential to divert key elements of the local labour market to large-scale construction projects. Initiatives that can help local businesses to retain and enhance their own workforces need to have high priority. 

 

The Business Chamber has indicated that it would like for members of the business community to be able to meet with councillors on an annual basis during the term of the next MOU. This event would be hosted by the Business Chamber.

 

Financial Implications

The current level of funding provided to the Business Chamber is considered sufficient in the medium term, subject to a modest adjustment (5%) at the start of the new MOU to take account of inflation. 

 

Year One (July 2022 - June 2023)      $68,250 (inclusive of GST)

Year Two (July 2023 - June 2024)      $68,250 (inclusive of GST)

Year Three (July 2024 - June 2025)   $68,250 (inclusive of GST)

 

There is currently a $59,000 annual budget in the draft 2022/23 long term financial plan for this line item.  If approved, the amount required exclusive of GST, is $62,045.45 – a $3,045.45 budget funding gap.  It is proposed that this $3,045.45 for the 2022/23 financial year is to be funded from within the cost centre and will be amended for future financial years during the compilation of the 2023/24 long term financial plan.

Job number: 20597 – Wagga Business Chamber MOU

Policy and Legislation

N/A

 

Link to Strategic Plan

Growing Economy

Objective: We are a Regional Capital

Outcome: We attract and support local businesses and industry

 

Risk Management Issues for Council

The MOU includes provision for annual reporting on activities by the Business Chamber. In the event of expectations not being met, funding may be curtailed or suspended.

 

Council currently has limited resources in the Economic Development area. Partnerships such as this are critical in providing an ongoing service to the community.

Internal / External Consultation

Discussions were held with representatives of the Business Chamber on progress to date and on the key themes for the future MOU (recovery from COVID, preparing for the coming infrastructure boom) prior to the preparation of this report.

 

A Councillor Workshop was held on 9 May 2022, where the Business Chamber presented their case for renewal.

 

 

Attachments

 

1.

MOU between WWCC and WWBC - Performance Report - 2020 to 2022

 

2.

MOU between WWCC and WWBC - Draft 2022 to 2025

 

3.

MOU between WWCC and WWBC - Draft 2022 to 2025 - Schedule of Activities

 

 

 


Report submitted to the Ordinary Meeting of Council on Monday 30 May 2022

RP-1

 

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Report submitted to the Ordinary Meeting of Council on Monday 30 May 2022

RP-1

 

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Report submitted to the Ordinary Meeting of Council on Monday 30 May 2022

RP-1

 

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Report submitted to the Ordinary Meeting of Council on Monday 30 May 2022

RP-2

 

RP-2               DA22/0128 - DWELLING, LOT 1 SECTION 16 DP 759024, 4 CONNORTON ST, URANQUINTY

Author:                        Steven Cook 

General Manager:    Peter Thompson

         

 

Summary:

The report is for a Development Application and is presented to Council for determination. The Application has been referred to Council as the development is proposed within the identified Flood Planning Area (FPA) for Uranquinty, and planning controls for the FPA in Uranquinty have not yet been adopted in the Wagga Wagga Development Control 2010 following the adoption of the Village Overland Flow Floodplain Risk Management Studies (VOFFS) in October 2021.

 

The determination of this Development Application affords Council the opportunity to provide guidance for the assessment and determination of future Development Applications on flood prone land at Uranquinty during the interim period until planning controls are adopted.

 

The proposed development is for a four-bedroom dwelling house with attached garage. Filling of the site up to a maximum 700mm is proposed to enable the dwelling to be constructed with a finished floor level of 200.70m AHD which is 500mm above the modelled 1% Annual Exceedance Probability (AEP) flood level on the site of 200.20m AHD.

 

The proposed dwelling is located on a lot that has a hydraulic category of “floodway”. Whilst floodways are not ordinarily suitable for development, it is considered that a range of factors make the proposed development suitable with regard to the hydraulic category.

 

The subject site has been identified in the VOFFS as being predominantly within hazard category H2 (second lowest hazard on the H1-H6 scale), with small parts H1 and H3. The hazard category is considered appropriate for the proposed development

 

The merits assessment of the proposal has determined that the development is generally consistent with the Wagga Wagga Local Environmental Plan 2010 and the Wagga Wagga Development Control Plan 2010, that the impacts of the development are acceptable, that the site is suitable for the proposed development, and that subject to conditions, the development is acceptable in this location.

 

No public submissions were received into the development.

 

A full assessment of the Development Application is contained within the attached Section 4.15 Assessment Report.

 

 

 

Recommendation

That Council:

a       approve DA22/0128 subject to the conditions outlined in the Section 4.15 Assessment Report

b       notes that development controls have not yet been adopted in the Wagga Wagga Development Control Plan 2010 for the Flood Planning Area for Uranquinty, as identified in the Village Overland Flow Floodplain Risk Management Studies (VOFFS)

 

c        supports in the interim, the ongoing assessment and determination of Development Applications within the Flood Planning Area of Uranquinty, taking into account:

i         The ‘Flood Risk Mitigation Measures’ recommendations of the adopted VOFFS, including the high priority recommendation for the upgrading of the levee system for Uranquinty to provide protection against a 1% AEP riverine flood of Sandy Creek

ii        The Uranquinty Community Safety Group flood warning system

iii       The flood hazard category of the particular land, and the proximity of flood free land to land

 

Development Application Details

 

Applicant

Matt Jenkins Builder Pty Ltd

Owner

Adam Fisher and Kirra Fisher

Development Cost

$485,364

Development Description

Four-bedroom dwelling house with attached garage. Filling of the site up to a maximum 700mm is proposed to enable the dwelling to be constructed with a finished floor level of 200.7m AHD.

 

Report

Key Issues

 

·    Flooding, and absence of related controls in the Wagga Wagga Development Control Plan 2010.

 

Site Location

 

The site subject to the Development Application is Lot 1 Section 16 DP 759024, 4 Connorton Street, Uranquinty.

 

The site is located on the south-eastern side of Connorton Street, opposite the intersection of Ben Street and Connorton Street. An unnamed lane runs along the northern boundary of the site.

 

The subject site is 885.2m2 in size.

 

The site is within, but near the edge of, the urban area of Uranquinty and the area broadly is village in character. Dwellings are situated predominantly on larger (greater than 1000m2) blocks set out in a consistent subdivision pattern. The subject site itself, is smaller and is located in a small part of the village where lot pattern is less regular.

 

This is a relic of the original subdivision pattern of the village, where the north-east to south-west running streets meet Bridge St that runs east westerly. The subject lot is an original village portion.

 

Almost all blocks in the vicinity of the site have been built on, with the subject lot one of the few remaining undeveloped. Unlike a number of streets in Uranquinty, Connorton Street has been constructed with kerb and guttering.

 

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Assessment

·    The site is zoned RU5 Village under the provisions of the WWLEP 2010. Dwelling houses are permitted with consent in the RU5 zone.

·    The development generally complies with the controls of the WWLEP 2010 and the WWDCP 2010.

·    The site is within the FPA for Uranquinty as it is subject to flooding during a 1% AEP riverine flood event in Sandy Creek.

·    Clause 5.21 of the WWLEP 2010 applies to development within the FPA. Clause 5.21 requires that Council consider and be satisfied of a range of factors when assessing a Development Application on land within the FPA. This includes whether the development is compatible with the flood function and behaviour on the land, and whether the development incorporates appropriate measures to manage risk to life in the event of a flood.

·    In consideration of Clause 5.21, the attached 4.15 report considers that the matters listed are satisfied. This assessment includes consideration of the following:

o The VOFFS identifies that the site is located within the hydraulic category of ‘floodway’. Whilst floodways are not ordinarily suitable for development, it is considered that a range of factors make the proposed development suitable with regard to the hydraulic category. These include:

§ VOFFS adopts a high priority recommendation for upgrade of the Uranquinty Levee System to provide protection against a 1% AEP event. Implementation of this recommendation will mean that the site will no longer flood in a 1% event. Progress towards implementing the recommendation is occurring. Council has received a grant from the Department of Planning and Environment and is in the process of obtaining a feasibility study and detail design for levee.

§ Subsequent to the carrying out of the flood modelling, but prior to their exhibition and adoption, a large shed was approved and has since been constructed on land immediately to the east (upstream) of the site that is now identified as floodway. It is considered that the existing shed would have a much greater effect (if any effect does indeed exist) on dispersing floodwater than the proposed dwelling would.

§ The proposed dwelling in most part is only 12m wide, which leaves space around the dwelling for floodwaters to pass. The laneway immediately adjacent to the site is also unobstructed and would allow the free passage of water.

§ Much of the site is only subject to flooding in the order of 250-500mm (with small sections in the front setback area closer to the road increasing to around 1m). Flooding on surrounding properties is similar. Therefore, the volume of water being displaced by a relatively minor structure is unlikely to be significant and result in substantial changes in flood affectation of surrounding properties. It is further noted that most of these properties already flood and any change in flood affectation will not alter this.

 

o The VOFFS identified that for the majority of the site the hydraulic hazard is classified as H2 (on the H1-H6 hazard scale), with small parts at the rear H1, and the front, south-western corner H3. Hazard categories are derived from depth and velocity and are described as follows:

H1  Generally safe for people, vehicles and buildings (corresponding to very shallow and slow flow)

H2  Unsafe for small vehicles

H3  Unsafe for vehicles, children and the elderly

H4  Unsafe for people and vehicles

H5  Unsafe for vehicles and people. All buildings vulnerable to structural damage. Some less robust building types vulnerable to failure.

H6  Unsafe for vehicles and people. All building types considered vulnerable to failure (corresponding to very deep and fast flow)

 

The hazard categories on the site are considered acceptable for the construction of dwellings. The parts of the site categorised as H3 are not safe for vehicles, children and the elderly to pass through, however, the proposed dwelling is essentially clear of these areas. Evacuation, if necessary, from the site is possible via the laneway, travelling east and then north along Deane Street to flood free land without leaving land categorised H1 and H2.

o The Uranquinty Progress Association, in association with the State Emergency Service together have formed the Uranquinty Community Safety Group which has developed a flood warning system that alerts the community of potential impending flooding. The early warning system incorporates a village evacuation plan and communication network and won the inaugural ‘Get Ready’ community award granted by the NSW Government in 2015. This warning system facilitates the early evacuation of dwellings, which helps lower the risk to life in the event of a flood.

o Flood free land is located in close proximity to the site.

o The dwelling is proposed to be built on an elevated pad, 500mm above the 1% AEP level modelled for the site.

·    There are no adopted flood controls in the WWDCP 2010 for development within the FPA for Uranquinty.

·    Impacts of the proposed development are considered acceptable and the site is considered suitable.

 

Having regard for the information contained in the attached Section 4.15 assessment report, it is considered that the development is acceptable for the following reasons and recommended for approval.

 

Reasons for Approval

 

1.      The proposed development is generally consistent with the provisions and controls of the Wagga Wagga Local Environmental Plan 2010 and the Wagga Wagga Development Control Plan 2010, including Clause 5.21 of the WWLEP 2010.

2.      Impacts on the proposed development, and from the proposed development on other developments are considered acceptable, including flooding impacts.

3.      The site is considered suitable for the proposed development.

Financial Implications

N/A

Policy

Wagga Wagga Local Environmental Plan 2010

Wagga Wagga Development Control Plan 2010

Village Overland Flow Floodplain Risk Management Studies

Link to Strategic Plan

The Environment

Objective: We plan for the growth of the city

Outcome: We have housing that suits our needs

 


 

Risk Management Issues for Council

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

 

Approval of the application is not considered to raise risk management issues for Council as the proposed development is generally consistent with LEP and DCP controls.

Internal / External Consultation

Full details of the consultation that was carried out as part of the development application assessment is contained in the attached s4.15 Report.

 

 

Mail

Media

Community Engagement

Digital

Rates notices insert

Direct mail

Letterbox drop

Council news story

Council News advert

Media releases

TV/radio advertising

One-on-one meetings

Your Say website

Community meetings

Stakeholder workshops

Drop-in sessions

Surveys and feedback forms

Social media

Email newsletters

Website

Digital advertising

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Consult

 

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Involve

 

 

 

 

 

 

 

 

Collaborate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Attachments

 

1.

DA22/0128 - Section 4.15 Assessment Report - Provided under separate cover

 

2.

DA22/0128 - Site Plan and Elevations - Provided under separate cover

 

3.

DA22/0128 - Statement of Environmental Effects - Provided under separate cover

 

 

 


Report submitted to the Ordinary Meeting of Council on Monday 30 May 2022

RP-3

 

RP-3               PLANNING PROPOSAL - LEP21/0003 - 20 HELY AVENUE - Amendment to land zoning of the Wagga Wagga Local Environmental Plan 2010

Author:         Crystal Atkinson 

Director:       Peter Thompson

         

 

Summary:

Council is in receipt of a planning proposal to amend Wagga Wagga Local Environmental Plan to rezone land from SP2 Education to R1 General Residential.

 

The purpose of the planning proposal is to facilitate residential development on a large, underutilised parcel of land within proximity to the city centre.

 

 

Recommendation

That Council:

a       support planning proposal LEP21/0003 to amend the Wagga Wagga Local Environmental Plan 2010 land zoning provisions

b       prepare an addendum to the planning proposal to address statutory requirements and site-specific matters

c        submit the planning proposal with Council’s addendum to the NSW Department of Planning and Environment for gateway determination

d       prepare an amendment to the Wagga Wagga Development Control Plan 2010 to incorporate site-specific controls relevant to the site to be exhibited alongside the planning proposal

e       receive a further report after the exhibition period addressing any submissions made in respect of the planning proposal and amendment to the development control plan

 

Application Details

Submitted planning proposal

Council is in receipt of planning proposal (LEP21/0003) to amend the land zoning from SP2 Education to R1 General Residential.

Applicant

Signature Care Holdings Pty Ltd

Landowners

Signature Care Holdings Pty Ltd

Directors:

§ Ramsay James Croft

§ Amal Maree Witnish

§ Stephen David Pollock

§ Graeme Ramsay Croft

 

 

 

 

Proposal

Council is in receipt of a planning proposal to amend the Wagga Wagga Local Environmental Plan 2010 (LEP) to amend the land zoning from SP2 Education to R1 General Residential.

 

The purpose of the planning proposal is to facilitate residential development on a large underutilised site within proximity to the city centre.

 

Changes proposed in the application would be achieved by amending the land zoning map rezone the subject areas shown in figure 1 to R1 General Residential.

 

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Figure 1: Subject land

Site and Location

The site was formerly part of the Charles Sturt University (CSU) Campus and is currently occupied by Saint Mary Mackillop, CSU Archives and Riverina Conservatorium of Music. The site is located within Turvey Park and bound by Fernleigh Road to the south, Urana Street to the north and Hely and College Avenues to the east. The Saint Mary Mackillop College and Juvenile Justice Centre are located on the Western Boundary.

Key Considerations

A review of the planning proposal indicates that the site has strategic merit with a number of key matters addressed as part of pre-lodgement discussions.

 

It is considered the site has strategic merit based on the following:

1.    The site can be developed to provide residential accommodation to meet the projected population growth identified in Council’s adopted Local Strategic Planning Statement (LSPS).

2.    The site is a key underutilised site within proximity to the city.

3.    The site will utilise existing infrastructure in the area.

 

Key considerations for the planning proposal are detailed below:

1.      Council’s Vision or Strategic Intent

 

There is a strong commitment through local and regional policy to find a balance between growth, the natural environment, sustainability, and liveability whilst enabling Wagga Wagga to emerge as the southern capital of NSW.

 

·      Riverina Murray Regional Plan 2036

 

The Riverina Murray Regional Plan 2036 outlines a vision to promote the growth of regional cities and local centres and identifies the significance of aligning infrastructure planning with development. Key actions from the Regional Plan include:

Action 25.2 – Facilitate increased housing choice, including town houses, villas and apartments in regional cities and locations close to exiting services and jobs.

The subject site is a large infill site close to the city centre. It will provide additional housing choice for the city close to existing services.

Development

Action 25.3 - Align infrastructure planning with land release areas to provide adequate infrastructure

Development of the subject site will utilise existing infrastructure available in the area. Previous infrastructure planning for stormwater for residential development north of the site was planned to accommodate further development on this site.

 

·      Wagga Wagga Local Strategic Planning Statement – Wagga Wagga 2040

The Wagga Wagga Local Strategic Planning Statement – Wagga Wagga 2040 (LSPS) provides a balance between growth, the natural environment, sustainability, and liveability. 

Principle 3: Manage growth sustainably

The LSPS identifies the importance of infill development in planning for a long-term population of 100,000 people, particularly in areas where existing infrastructure can be utilised. Encouraging infill across existing areas provides an opportunity to deliver sustainable outcomes. Utilising existing services and infrastructure reduces demand to expand and extend services to greenfield areas and maximises efficiencies of service provision.

The planning proposal will facilitate residential development on an underutilised site where existing services are available.

Principle 6: Connected and accessible city

The LSPS aims to achieve a 15-minute city where employment, services and recreation are readily accessible. This will be achieved by enabling infill development in proximity to the key locations of the city.

 

The planning proposal provides for infill development immediately north of the Health Precinct and close to the central business district.

 

Principle 7: Growth is supported by sustainable infrastructure

 

Providing a mix of greenfield and infill development will help to achieve a mix of affordable, well designed and adaptive housing to support the future population and will provide a balance between growth and infrastructure demand. Utilising and underutilised infill site will make efficient use of existing infrastructure provision.

 

Principle 8: Our city promotes a healthy lifestyle

 

The LSPS identifies the need to provide additional housing on infill sites is identified to ensure growth occurs within 15-minutes of the central business district. Infill development will provide a greater diversification where urban sites present an opportunity for liveable, attractive, and well-connected communities.

 

The planning proposal will facilitate residential development in an established area where existing services and facilities are available.

 

Principle 10: Provide for a diversity of housing that meets our needs

 

A key element of future growth is ensuring that appropriate housing is available while maintaining liveability, sense of community and local identity. While most new housing is occurring in greenfield locations on bigger lots which is more suited to families, opportunity and demand exist to balance this growth with urban infill and renewal to better accommodate the needs of our growing population and to facilitate growth to 100,000.

 

Additional residential development on this site will provide additional growth opportunities within the city.

2.      Infrastructure

One of the key issues to consider in the rezoning and future urban development of the site is the impact on existing infrastructure and the ability of existing networks to service the future projected population.

The applicant has submitted the following supporting documents:

§ Hydrogeological assessment

§ Stormwater Management Plan

§ Traffic and Transport assessment report

 

The reports provided have been developed after extensive pre-lodgement consultation across Council with the developer.

Stormwater:

 

A key outcome of the stormwater management was to ensure that stormwater assets are provided in an efficient and sustainable manner that doesn’t place unnecessary cost on the community. The former CSU South Campus has been transitioning to a residential estate and part of this planning has included a stormwater pipe network that was intended to cater for the upslope catchment to assist in realising the full residential development potential of the site. The development has been required to connect directly to this network rather than providing an additional connection point.

 

Traffic:

 

The planning proposal is accompanied by a traffic and transport assessment report prepared by Cardno. Based on the analysis, the report concludes that:

 

§ The development will access the external road network via a north-south road with connection to College Avenue / Charleville Avenue via a proposed roundabout and at the south with a new intersection with Fernleigh Road with a short channelised right-turn lane.

§ The development is anticipated to generate approximately 88 peak hour vehicle movements.

§ Residential traffic is expected to distribute north-south similarly to the distribution recorded on Bourke Street. East-west traffic is expected to be similar to the distribution of vehicles on Urana Street. Key origin destination points have been determined based on likely attractors and the most probable journey.

§ Given the traffic generation rates and anticipated traffic distribution, it is expected that all trips to/from the proposed development will be accommodated within the existing capacity of the surrounding road network. It is not expected that the development will have discernible impact on the operation of the road network and nearby intersections.

§ To manage traffic impact and amenity in local streets, Local Area Traffic Management treatments have been considered throughout the plan.

3.        Contamination

To accompany the Planning Proposal, the applicant has provided a Detailed Site Investigation (DSI) and Remediation Action Plan (RAP). The DSI has found bonded fragments of asbestos containing material (ACM) and fibrous asbestos. The stormwater pipes were found not to contain asbestos, but the decommissioned telecommunication box does.

In addition, all 72 previous structures and open space sites sampled for heavy metals, Organochlorine Pesticides (OCP) and Organophosphate Pesticides (OPP) and phenoxy herbicide analysis returned results below Method Detection Limits and/or the Health Investigation Level criteria for Residential ‘A’ land use.

The enquires, research, investigation and assessment conducted as part of the DSI are considered adequate for the purpose of the planning proposal. The potential contamination sources, pathways and receptors have been identified along with the areas of concern, if unexpected findings occur in these areas then further assessment will be required.

The Remediation Action Plan (RAP) provides details on remediation works that will be undertaken prior to construction works being completed. Once remediation works are complete, construction will continue with defined validation sampling, asbestos clearance inspections and certificates, management of unexpected finds protocol, and underground services and pit removal processes focussed on detecting asbestos containing material and asbestos impacted spoils as defined in the RAP.

The remediation program is considered to meet the objectives of the RAP by remediating the asbestos impacted site soils which are above assessment criteria through offsite disposal, so they do not pose a risk to human health of future site users. Following implementation of remediation works, fibrous asbestos materials will be removed, with pathways between asbestos materials and site users removed. As such, the site will be considered to have been made suitable with regard to the future residential land use.

4.         Biodiversity

In addition to having biodiversity values, vegetation within this location contributes to salinity management with trees and deep-rooted plants being an effective mechanism for reducing groundwater. Urban Salinity Management is identified in the Wagga Wagga Local Strategic Planning Statement (LSPS) as a land degradation and the need to work with the community to adapt management practices to mitigate impacts on infrastructure and water quality. Salinity results from the accumulation of salt in the upper layer of soil that is brought to the surface by a rising water table. Factors that contribute to a rising water table include increased water run-off from hard surfaces, removal of vegetation, and leaking underground pipes. For this site, it is important to ensure existing and proposed vegetation contributes to salinity management.

The Planning Proposal is accompanied by an Ecological Assessment which provides details on which vegetation will be retained and what is proposed to be removed. A total amount of vegetation clearing proposed is calculated at 0.16 hectares with mitigation measures identified to avoid any impact from future dwellings and associated infrastructure. From this assessment, a Biodiversity Development Assessment Report (BDAR) is not required for the proposed development.

In consideration of the proposed tree retention map (figure 2), the proponent has been required to update the removal plan to include trees that will required to be removed to enable a dwelling. This will be provided prior to submission to for Gateway Determination. It is also proposed to implement development control plan provisions that ensure any further clearing proposed as part of the subdivision and future dwellings is considered to be in addition to the clearing already completed. Whilst it is not anticipated that additional clearing will exceed the clearing and trigger the BDAR requirements, it will enable Council to implement offset conditions at development application stage to ensure ongoing biodiversity retention and salinity management. The proposed controls will provide offset provisions and species selections.

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Figure 2: Tree Retention Map Source: Ecological Assessment, Green Tape Solutions

 

Financial Implications

In accordance with Council’s 2021/2022 Fees and Charges, a Complex LEP Amendment fee of $46,000 applied at the time of the application being submitted. The proponent has paid these fees.

 

It is anticipated that the LEP amendment will result in development applications for residential development in the future. Council’s contribution plans and development servicing plans enable Council to levy contributions and developer charges based on the likely increased demands that the new development will have.

Policy and Legislation

Environmental Planning and Assessment Act 1979

Environmental Planning and Assessment Regulation 2000

Wagga Wagga Local Strategic Planning Statement – Wagga Wagga 2040

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

The planning proposal has been assessed and it is recommended it be submitted to NSW Department of Planning and Environment for Gateway Determination. If issued the determination will require public and agency consultation. Consultation may highlight issues not evident during the assessment.

Mitigating salinity through offset provisions and retention of trees and deep-rooted plants will assist in managing salinity risks within the area. Whilst offset plantings, once established, will contribute to reducing ground water, establishing vegetation can take time and clearing within this area has risks of exacerbating salinity issues.

Internal / External Consultation

Formal public consultation with agencies, adjoining landowners, and the general public will occur if Gateway Determination is received.

 

Proposed consultation methods are indicated in the table below.

 

Mail

Media

Community Engagement

Digital

Rates notices insert

Direct mail

Letterbox drop

Council news story

Council News advert

Media releases

TV/radio advertising

One-on-one meetings

Your Say website

Community meetings

Stakeholder workshops

Drop-in sessions

Surveys and feedback forms

Social media

Email newsletters

Website

Digital advertising

TIER

Consult

 

x

 

x

 

 

x

 

 

 

x

x

 

 

Attachments

 

1.

LEP21/0003 – Planning Proposal - Provided under separate cover

 

2.

Ecological Assessment - Provided under separate cover

 

3.

Detailed Site Investigation - Provided under separate cover

 

4.

Remediation Action Plan - Provided under separate cover

 

5.

Site Audit Report - Provided under separate cover

 

6.

Site Audit Statement - Provided under separate cover

 

7.

Arboriculture Assessment Report - Provided under separate cover

 

8.

Site Investigation and Pavement Design - Provided under separate cover

 

9.

Hydrogeological Assessment - Provided under separate cover

 

10.

Statement of Heritage Impact - Provided under separate cover

 

11.

Stormwater Management Plan - Provided under separate cover

 

12.

Traffic and Transport Assessment Report - Provided under separate cover

 

13.

Traffic Noise Assessment - Provided under separate cover

 

14.

Waste Management Plan - Provided under separate cover

 

 

 


Report submitted to the Ordinary Meeting of Council on Monday 30 May 2022

RP-4

 

RP-4               COUNCILLOR REMUNERATION

Author:                        Carolyn Rodney 

General Manager:    Peter Thompson

         

 

Summary:

The Remuneration Tribunal completes an annual report setting the minimum and maximum amounts Councils can pay their elected representatives.  Each Council is allocated a category, with Wagga Wagga City Council currently assigned the Regional Centre category. 

 

In 2020 due to the pandemic and budget constraints, Council resolved to continue to be paid the maximum amount in the Regional Rural category for the remainder of the term of Council – its previous category prior to being reclassified in the new Regional Centre category.

 

This report recommends for Council to determine to pay the maximum amount contained in Wagga Wagga City Council’s currently assigned category – Regional Centre. 

 

 

Recommendation

That Council:

a       determine to pay the Councillors’ allowance and Mayoral allowance at the maximum allowable level for its assigned category determined by the NSW Local Government Remuneration Tribunal

b       fund the total additional allowance amount from the budget as noted in the financial implications section of this report, with the budget variation to be processed in the new financial year

c        commence the new Councillors allowance for the next pay period following the date of this resolution with the cost for the remaining part of this financial year to be transferred from elections savings noted in the report

 

Report

Section 248 of the Local Government Act 1993 requires the Local Government Remuneration Tribunal to report to the Minister for Local Government by 1 May each year on its determination of categories of councils and the minimum and maximum amounts of fees to be paid to mayors and councillors.

 

The Tribunal found the allocation of councils into the current categories appropriate, with Wagga Wagga City Council assigned in the Regional Centre category. 

 

For the information of new Councillors, the Regional Centre was a new category introduced in 2020, with Wagga Wagga City Council being included in this category from its commencement. A summary of the characteristics of a Council categorised as a Regional Centre is shown below: 

 

 

 

 

Regional Centre Category

 

Councils categorised as Regional Centre will typically have a minimum residential population of 40,000.

 

Other features may include:

 

·    a large city or town providing a significant proportion of the region’s housing and employment

·    health services, tertiary education services and major regional airports which service the surrounding and wider regional community

·    a full range of high-order services including business, office and retail uses with arts, culture, recreation and entertainment centres

·    total operating revenue exceeding $100M per annum

·    the highest rates of population growth in regional NSW

·    significant visitor numbers to established tourism ventures and major events that attract state and national attention

·    a proximity to Sydney which generates economic opportunities.

 

Councils in the category of Regional Centre are often considered the geographic centre of the region providing services to their immediate and wider catchment communities.

 

Due to the commencement of the global pandemic at the time, and the economic and social impacts facing all individuals and businesses and the budget constraints of Council, Councillors resolved the following at the 13 July 2020 Council meeting:

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Since this time, Councillors have continued to be paid at the maximum amount assigned to the Regional Rural Category, Wagga Wagga City Council’s previously assigned category.

 

It is now appropriate for Wagga Wagga City Council to consider resolving to pay Councillors and Mayoral allowance at the maximum allowable level determined in it’s currently assigned category - the Regional Centre category.

 

Table 4 in the attached Local Government Remuneration Tribunal Annual Report and Determination – 20 April 2022 report outlines the minimum and maximum fees for each category, and is also shown below: 

 

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If Councillors resolve as recommended, the Councillor Allowance for the 2022/23 financial year would be $25,310 and the Mayoral Allowance would be $62,510.

 

Financial Implications

The current individual annual allowance to Councillors is $20,690 and the Mayoral allowance is $45,140.  These amounts reflect the 2021/22 maximum rates for the Regional Rural Category, at a total cost of $231,350.

 

The proposed 2022/23 annual allowance is recommended to be the maximum of the Regional Centre category - $25,310 for Councillors, and $62,510 for the Mayoral allowance. 

 

Council recently resolved to the payment of superannuation for Councillors commencing from 1 July 2022.  The 2022/23 superannuation guarantee rate is 10.5%. 

 

Including superannuation, the total new proposed total allowances for Councillors and Mayor will equate to $320,782 for the 2022/23 financial year.  Council currently has $271,697 in total budget allowed for Councillors and Mayoral allowance, which leaves a funding gap of $49,085. 

 

The funding gap is proposed to be funded from savings experienced in the 2021 Council Election process, which is funded from the Council Election Reserve.

 

As the 2022/23 draft budget is currently on public exhibition, the 2022/23 Councillor and Mayoral Allowance budget is proposed to be increased to $320,782 at the commencement of the 2022/23 financial year (1 July 2022).

 

Job numbers – 12051: Mayoral Allowance; 12052: Councillor Allowances

Policy and Legislation

Local Government Act 1993 – Section 239 to 241

 

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

A discussion with Councillors took place in April 2022.

 

 

Attachments

 

1.

Local Government Remuneration Tribunal - 2022 Annual Determination

 

 

 


Report submitted to the Ordinary Meeting of Council on Monday 30 May 2022

RP-4

 

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Report submitted to the Ordinary Meeting of Council on Monday 30 May 2022.                                                              RP-5

 

RP-5               2021 SALE OF LAND FOR UNPAID RATES - UPDATE ON PUBLIC AUCTION AND SALE PROCESS

Author:                        Carolyn Rodney 

General Manager:    Peter Thompson

         

 

Summary:

A Sale of Land for Unpaid Rates Auction was held on 30 October 2021 in the Council Chambers. This report details the result of the above public auction and recommends the write off of outstanding rates and charges on one of the properties sold pursuant to the requirements of the Local Government Act 1993 (NSW) and associated Regulations.

 

 

Recommendation

That Council:

a       note the results of the Sale of Land for Unpaid Rates Auction held on 30 October 2021 

b       pursuant to the Local Government (General) Regulation 2021 – Regs 131 (3) and 4(b), write off rates and charges of $6,804.38 for the following property:

Legal Description

Address

Name of Registered Owner

Lot C DP 364640

27-29 Gresham Street Tarcutta NSW 2652

Elizabeth S Burgan

 

Report

The sale of land for unpaid rates is considered the last remaining avenue available to Council to recover outstanding rates and charges.

 

Council at its Ordinary meeting held the 28 June 2021 resolved in respect of RP-7 Sale of Land for Unpaid rates as follows:

 

That Council:

 

a       continue to discuss and negotiate with property holders whose outstanding rates are greater than five (5) years with the aim to arrange an acceptable payment plan

b       if an acceptable payment plan with that ratepayers is not able to be achieved, or is not adhered to, then pursuant to Section 713 of the Local Government Act 1993, authorise the General Manager or their delegate to sell the land and properties detailed in this report to recover unpaid rates, annual charges, interest and extra charges

c        authorise the General Manager or their delegate, to set the reserve price for properties put to public auction or sold after public auction

d       authorise the affixing of the Council Seal to the transfer documents in order to effect the transfer of ownership for properties sold by Council at or after the public auction for unpaid rates and charges

e       receive a further report following the public auction, outlining the outcomes of each property sale

 

Three (3) properties were submitted for the Sale of Land for Unpaid Rates Public Auction held on the 30 October 2021.  One property sold at public auction, and the remaining two properties were sold by private treaty after the auction - pursuant to Section 716 Local Government Act 1993 (NSW), with the settlement date being 24 March 2022.

 

A summary of each of the properties is shown below:

 

No.

Property Legal Description and Address

Registered Owner prior to Sale

Rates and Charges Balance as at 30 October 2021 including associated  sale costs

Public Auction /Private Treaty Sale amount

Pro Rata – Rates Payable by New Owner for 2021/22

Net write off / (Surplus)*

 

1

Lot C DP 364640

 27-29 Gresham St Tarcutta NSW 2652

Elizabeth S Burgan

$7,884.39

*($1,000.00)

($80.01)

$6,804.38

2

Lot 72 DP 1174117

 

151 Humula Eight Mile Road Humula NSW 2652

John Edwards

$6,836.80

($13,000.00)

($177.78)

($6,340.98)

3

Lot 128-DP 757246

6915 Holbrook Road NSW 2650

Keith J Taylor & Vicki Taylor

$6,644.06

*($22,000.00)

($91.72)

($15,447.66)

* Sold via Private Treaty after Public Auction

 

All proceeds of sale are paid to the Council and in accordance with Section 718 of the Local Government Act 1993 are to be discharged in the following order:

 

a)      Reimbursement of all Council expenses associated with the sale, then:

b)      Discharge of any rate or charge in respect of the land due to the Council, or any other rating authority, and any debt in respect of the land (being a debt which the Council has notice) due to the Crown.

 

Should insufficient funds be recovered to satisfy all rates, charges and debts, then a pro-rata of funds to debts occurs with all debts then deemed satisfied, which is ultimately writing off the outstanding balance.

 

Financial Implications

Pursuant to Section 718 and Section 719 of the Local Government Act 1993 (NSW), if the outstanding rates and charges on a sold property is greater than the sale proceeds, the balance is to be written off. The total rates write off for the Tarcutta property sold by Private Treaty is $6,804.38.

 

Funding Source for the write off:

Council has applied (as per the approved 2021/22 Fees and Charges) a Sale of Land Administration Charge of $1,105 per property that reach public auction on all three (3) properties which will also assist in offsetting the above rate write off costs. Additionally, income for Section 603 Rates Certificates is currently trending higher than the 2021/22 budget and combined with the sale of land administration charges raised, can accommodate the above rates write off cost of $6,804.38.

 

Surplus funds:

*Surplus funds are held within Council’s Trust Fund (separate bank account) pending discharge to persons having interest in the property. Where no claim is forthcoming for five (5) years, the balance of sale proceeds is remitted to the State Government in accordance with the Unclaimed Money Act 1995.

Policy and Legislation

Local Government Act 1993 (NSW), sections 718, 719

Debt Management Policy

Local Government (General) Regulation 2021 – Reg 131

Unclaimed Money Act 1995

 

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

The 2021/22 Sale of Land for Unpaid rates process was advertised via a sales campaign in the Daily Advertiser and on the appointed real estate’s website. Along with the public notices, each of the adjoining owners of the properties that were presented to public auction on 30 October 2021 were contacted by phone and in writing regarding the Sale of Land for Unpaid Rates Auction.

 

  

 


Report submitted to the Ordinary Meeting of Council on Monday 30 May 2022

RP-6

 

RP-6               FINANCIAL PERFORMANCE REPORT AS AT 30 APRIL 2022

Author:                        Carolyn Rodney 

General Manager:    Peter Thompson

         

 

 

Summary:

This report is for Council to consider information presented on the 2021/22 budget and Long-Term Financial Plan, and details Council’s external investments and performance as at 30 April 2022.

 

 

Recommendation

That Council:

a       approve the proposed 2021/22 budget variations for the month ended 30 April 2022 and note the balanced budget position as presented in this report

b       approve the proposed budget variations to the 2021/22 Long Term Financial Plan Capital Works Program including future year timing adjustments and new projects

c        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

d       note the details of the external investments as at 30 April 2022 in accordance with section 625 of the Local Government Act 1993

 

Report

Wagga Wagga City Council (Council) forecasts a balanced budget position as at 30 April 2022. The balanced budget position excludes the Wagga Wagga Airport estimated deficit result for the financial year – as previously reported to Council, any Airport deficit result will be sanctioned, and funded in the interim by General Purpose Revenue (via the Internal Loans Reserve). 

 

The deficit results will be accounted for as a liability in the Airport’s end of financial year statements and paid back to General Purpose Revenue (Internal Loans Reserve) by the Airport in future financial years. 

 

Proposed budget variations including adjustments to the capital works program are detailed in this report for Council’s consideration and adoption.

 

Council has experienced a positive monthly investment performance for the month of April when compared to budget ($42,571 up on the monthly budget). This is mainly due to a positive movement in the principal value of Council’s Floating Rate Note (FRN) portfolio at 30 April 2022.

 


 

Key Performance Indicators

 

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OPERATING INCOME

Total operating income is 92% of approved budget and is trending ahead of budget for the month of April 2022. This is due to Council receiving 75% of the Federal Financial Assistance Grants for 2022/23 in advance. 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 102% when compared to budget.

 

OPERATING EXPENSES

Total operating expenditure is 77% of approved budget so it is tracking below budget at this stage of the financial year, due to significant staff turnover and ongoing vacancies.

 

CAPITAL INCOME

Total capital income is 47% 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 72% of approved budget with some purchase orders being raised for the full contract amounts for multi-year projects. Excluding commitments, the total expenditure is 46% when compared to the approved budget.


 

WAGGA WAGGA CITY COUNCIL
STATEMENT OF FINANCIAL PERFORMANCE
1 JULY 2021 TO 30 APRIL 2022

CONSOLIDATED STATEMENT

 

ORIGINAL
BUDGET
2021/22

BUDGET ADJ
2021/22

APPROVED BUDGET
2021/22

YTD ACTUAL   EXCL COMMT'S 2021/22

COMMT'S 2021/22

YTD ACTUAL + COMMT'S
2021/22

YTD % OF BUD

Revenue 

Rates & Annual Charges

(73,169,576)

0

(73,169,576)

(61,101,712)

0

(61,101,712)

84%

User Charges & Fees

(25,224,298)

(268,906)

(25,493,204)

(22,160,794)

0

(22,160,794)

87%

Interest & Investment Revenue

(2,014,844)

0

(2,014,844)

(1,081,764)

0

(1,081,764)

54%

Other Revenues

(3,437,263)

(364,722)

(3,801,985)

(4,050,578)

0

(4,050,578)

107%

Operating Grants & Contributions

(12,902,235)

3,401,050

(9,501,185)

(16,282,233)

0

(16,282,233)

171%

Capital Grants & Contributions

(82,436,148)

(5,236,513)

(87,672,661)

(41,730,810)

0

(41,730,810)

48%

Total Revenue

(199,184,362)

(2,469,092)

(201,653,455)

(146,407,891)

0

(146,407,891)

73%

 

 

Expenses

 

Employee Benefits & On-Costs

49,289,314

(5,559)

49,283,756

36,745,081

0

36,745,081

75%

Borrowing Costs

3,211,705

(85,612)

3,126,094

2,176,490

0

2,176,490

70%

Materials & Services

35,727,106

7,408,046

43,135,151

29,847,035

4,464,282

34,311,317

80%

Depreciation & Amortisation

39,287,050

0

39,287,050

32,739,208

0

32,739,208

83%

Other Expenses

3,708,040

2,176,528

5,884,568

2,922,920

2,534

2,925,454

50%

Total Expenses

131,223,215

9,493,404

140,716,619

104,430,734

4,466,817

108,897,551

77%

 

Net Operating (Profit)/Loss

(67,961,147)

7,024,311

(60,936,836)

(41,977,157)

4,466,817

(37,510,341)

 

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

14,475,001

12,260,825

26,735,825

(246,347)

4,466,817

4,220,470

 

 

 

Capital / Reserve Movements

Capital Expenditure - One Off Confirmed

75,756,060

33,068,701

108,824,761

50,667,825

29,161,237

79,829,062

73%

Capital Expenditure – Recurrent

18,512,675

978,999

19,491,674

7,803,179

6,079,698

13,882,876

71%

Capital Exp – Pending Projects

43,269,470

(43,227,470)

42,000

1,633

0

1,633

0%

Loan Repayments

8,236,502

(372,935)

7,863,567

4,779,618

292

4,779,910

61%

New Loan Borrowings

(17,678,518)

6,999,671

(10,678,847)

0

0

0

0%

Sale of Assets

(804,819)

(2,066,159)

(2,870,978)

(1,140,087)

0

(1,140,087)

40%

Net Movements Reserves

(20,043,173)

(2,405,119)

(22,448,292)

0

55,000

55,000

0%

Total Cap/Res Movements

107,248,197

(7,024,312)

100,223,886

62,112,168

35,296,226

97,408,395

 

 

 

ORIGINAL
BUDGET
2021/22

BUDGET ADJ
2021/22

APPROVED BUDGET
2021/22

YTD ACTUAL   EXCL COMMT'S 2021/22

COMMT'S 2021/22

YTD ACTUAL + COMMT'S
2021/22

YTD % OF BUD

Net Result after Depreciation

39,287,051

0

39,287,050

20,135,011

39,763,043

59,898,054

 

 

Add back Depreciation Expense

39,287,050

0

39,287,050

32,739,208

0

32,739,208

83%

 

Cash Budget (Surplus) / Deficit

0

0

0

(12,604,197)

39,763,043

27,158,846

 

 

 

 

 

 

 

Long Term Financial Plan (Surplus) /Deficit*

 

Description

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

Budget

2030/31

Adopted Bottom Line (Surplus) / Deficit

0

860,298

1,751,328

2,469,233

3,928,332

3,831,470

3,259,284

3,494,780

3,511,108

3,930,045

Prior Adopted Bottom Line Adjustments

0

(251,143)

(465,404)

(971,502)

1,045,839

(58,051)

(46,640)

(46,593)

(46,793)

(46,793)

Revised Bottom Line (Surplus) / Deficit

0

609,155

1,285,924

1,497,731

4,974,171

3,773,419

3,212,644

3,448,187

3,464,315

3,883,253

* Note that the Revised Bottom Line (Surplus) / Deficit shown includes adopted future year budget variations but does not include any pending adjustments made in the draft 2022/23 Long Term Financial Plan.

 

 

 

 

 

 

 

 

 

 




2021/22 Revised Budget Result – (Surplus) / Deficit

$’000s

Original 2021/22 Budget Result as adopted by Council

Total Budget Variations approved to date

Budget Variations for April 2022

$0K

$0K

$0K

Proposed Revised Budget result for 30 April 2022 - (Surplus) / Deficit

$0K

 

 


 

The proposed Operating and Capital Budget Variations for 30 April 2022 which affect the current 2021/22 financial year are listed below:

 

Budget Variation

Amount

Funding Source

Net Impact

(Fav)/ Unfav

2 – Safe and Healthy Community

Regional Events Acceleration – Canberra Raiders vs Melbourne Storm NRL Match

$100K

NSW Government – Regional Events Acceleration Grant ($100K)

Nil

Council has been successful in securing State Government grant funds under the Regional Events Acceleration Fund. The grant enabled Council to deliver the NRL game between Canberra Raiders and Melbourne Storm held in Wagga Wagga on 9 April 2022.  The NRL game boosted the City’s visitor economy and created new jobs through supporting major events in Regional NSW.

Estimated Completion: 30 April 2022

Job Consolidation: 19316

 

4 – Community Place and Identity

Reconnecting Regional NSW Community Events Program

$103K

Department of Regional NSW Grant Funding ($103K)

Nil

The NSW Government have released funding to support regional NSW councils deliver COVID-Safe community events and festivals that are open for the entire community to attend, providing immediate positive outcomes for the community.

A dedicated allocation of $288K is available to WWCC through this fund for events held by 31 March 2023. Projects submitted under this program need to meet the eligibility criteria including:  open to all members of the public; free to attend (or very small fee); have the primary purpose of community reconnection and improved social cohesion; and alignment to Council’s Disability Inclusion Action Plan and Community Strategic Plan. Projects are assessed based on the event’s ability to assist in rebuilding local community cohesion and the delivery of positive social outcomes as well as the engagement and support of local business.

The total successful funding of $288K will be split over 2 financial years: 2021/22 $103K + 2022/23 $185K. The listed nominated events were provided in the Councillor Bulletin 15 April 2022.

Estimated Completion: 31 March 2023

Job Consolidation: 21826

 

 

 

2022 Festival of W

$29K

Event Attraction Reserve ($14K)

Events Operational Budgets ($15K)

Nil

The 2022 Festival of W program will run from the 2nd to 17th July 2022 to coincide with the Winter school holidays. The launch will take place on Saturday 2nd July, from 4pm – 9pm in the Victory Memorial Gardens Precinct and include the following elements: ice rink (15m x 36m) at the Victory Memorial Gardens, winter night markets to be held in Morrow St (adjacent to Council Civic Centre Building), live music program and staging in the O’Reilly St (Morrow St) carpark including local support acts, DJ at the Historic Council Chambers steps and temporary lighting structure and projection by local animator co-located with the ice rink in the Victory Memorial Gardens precinct. The festival has been designed to bring the community together in winter while supporting the local creative, hospitality and event supply industries during what is typically a quieter time of year. The ice rink experience is the only ticketed component, with tickets available to purchase from the 1st June 2022 and will operate throughout the 2 week period.

The total budget of $225K will be split over 2 financial years: 2021/22 $29K (funded as above) + 2022/23 $196K (funded from the Event Attraction Reserve)

Estimated Completion: 30 July 2022

Job Consolidation: 21822

 

Standalone Library Service

$175K

Internal Loans Reserve ($175K)

Nil

In preparation for the rollout of the Standalone Library service to commence operation at 1 July 2022 (approved at the 13 September 2021 Council meeting), procurement and vendor contract management of products and services have been actioned.

These preparations will include payment to suppliers of RFID, eResources, Shelf ready processing, collections, Book Club and Storytime resources, Library cards, SMS messaging service, data migration, library workroom fit out e.g. shelving, storage, information technology and Trove membership.

It is proposed to forward fund the required budget of $175K in 2021/22 from the Internal Loans Reserve with payback to the Internal Loans Reserve in 2022/23 from the Standalone Library operational budgets, resulting in no overall increase in budgets over the two financial years.

Any adjustments to 2022/23 capital budgets will be updated in the Long-Term Financial Plan Capital Works Program after 1 July 2022.

Estimated Completion: 30 June 2022

Jobs: Various

 

Listen In Public Art Podcast

$13K

Federal Government Grants ($13K)

Nil

Council has been successful in obtaining funds to commence the development of an audio tour of the City’s public art collection. Short podcast episodes will include histories, stories and artist interviews and will be accessible to the public through QR codes.

The Culture, Heritage and Arts Regional Tourism (CHART) Fund through the Australian Government has provided Council $3,000 to produce an initial two episodes as a pilot project. A further $10,000 was obtained through the Cultural Tourism Accelerator Program from the Australian Government as part of the Regional Arts Tourism package.

The project will be delivered in two stages; Stage 1 will be the two pilot episodes capturing the stories of the ‘Morning Light’ mural on Baylis Street and ‘Til the Cows Come Home’ installation at Uranquinty. Stage 2 will be a further six episodes to be designed as a walking loop, taking in the Wagga Beach and Fitzmaurice Street Precinct artworks.

Estimated Completion: 30 June 2022

Job Consolidation: 21824

 

5 – The Environment

Scrap Together Project

$10K

NSW Environmental Protection Authority ($10K)

Nil

Council has been successful in securing NSW EPA grant funding under the Scrap Together Grants Program. The program involves community education to promote the usage of the FOGO waste service to reduce landfill. This will be undertaken through the Council news, social media, customer service TV’s, council website and the local news.

Estimated Completion: 30 June 2022

Job Consolidation: 70186

 

Oasis – Replace Portable Disabled Lift

$25K

Oasis Reserve ($10K)

Oasis – Replace Pool Cover Winch ($15K)

Nil

The current Portable Disabled Lift at the Oasis requires urgent replacement as it is beyond repair.  The current lift is approximately 8 years old. The lift is a required piece of equipment to ensure Oasis is providing accessibility to all, as per Council’s Disability Inclusion Action Plan 2017-21. It is proposed to fund the variation form the Oasis Reserve ($10K) and the Oasis – Replace Pool Cover Winch Project ($15K) which has now been confirmed as no longer required.

Estimated Completion: 30 June 2022

Job Consolidation: 28192

 

Former Wiradjuri Landfill Site Contamination

$52K

Solid Waste Reserve ($52K)

Nil

Council has ongoing maintenance requirements for the former landfill site in Narrung Street, which includes ensuring contaminates such as metals are appropriately capped to ensure it remains safe for members of the community to use. An area has been identified as requiring remedial works and this budget variation includes the cost of construction fencing, signage, a Remediation Options Assessment and developing a Remediation Action Plan. The works are to be funded from the from the Solid Waste Reserve.

Estimated Completion: 30 June 2022

Job Consolidation: 21585

 

Road Maintenance Audit

$30K

Existing Infrastructure Planning Operational Budgets ($30K)

Nil

Funds are required to engage an external consultant to produce a report that will determine if there is a financial benefit for Council to participate in a Road Maintenance Council Contract (RMCC) with Transport for NSW. It is proposed to fund the variation from existing Infrastructure Planning Operational savings, with the unexpended funds at 30 June 2022 to be carried over into the 2022/23 financial year for completion.

Estimated Completion: 31 October 2022

Job Consolidation: 21825

 

Salinity Pumps Maintenance

$48K

Stormwater Drainage Reserve ($48K)

Nil

Since 1998 Council has been operating state licenced pumping infrastructure as de-watering bores to lower groundwater levels associated with salinity impacts in the Calvary Hospital precinct area. There are nine (9) pumps and a number of these need repairs due to age and breakdowns. Two (2) pumps have been repaired with the current annual available Infrastructure budget of $20K and a further six (6) pumps need repair at a cost of $8K each. A budget variation of $48K is requested to repair the remaining six (6) pumps to continue operations in this area. It is proposed to fund the variation from the Stormwater Drainage Reserve.

Estimated Completion: 30 June 2022

Job Consolidation: 38501

 

 

$0K

 

The Pending Projects list is a list of adopted Capital Works projects which have not been included in the 2021/22 Delivery Program for the following reason(s):

 

-  Capacity and resourcing constraints

-  Project description and scope not fully defined

-  External funding to be determined

 

The following projects are now considered to meet the necessary requirements to be included in the Capital Works Delivery Program:

 

Capital Works Project

2021/22

Budget

 

Comments

Pedestrian Access and Mobility Program (PAMP)

Job Consolidation:39042

$42,000

Currently $0 delivery and $42,000 pending. Proposed to increase budget to $53,000 delivery and $0 pending (with the increase of $11,000 for the Pedestrian Access and Mobility Plan Update to be funded from Civil operational budgets)

 

 

2021/22     Capital Works Summary

 

Capital Works

Approved Budget

Proposed Movement

Proposed Budget

One-off

$108,824,760

$52,000

$108,876,760

Recurrent

$19,491,673

$0

$19,491,673

Pending

$42,000

($42,000)

$0

Total Capital Works

$128,358,433

$10,000

$128,368,433

 

 


 

Current Restrictions

 

 

RESERVES SUMMARY

30 APRIL 2022

 

CLOSING BALANCE 2020/21

ADOPTED RESERVE TRANSFERS 2021/22

BUDGET VARIATIONS APPROVED UP TO COUNCIL MEETING 11.4.2022

PROPOSED CHANGES for Council Resolution*

BALANCE AS AT 30 APRIL 2022

 

 

 

 

 

 

Externally Restricted

 

 

 

 

 

Developer Contributions - Section 7.11

(27,924,028)

547,854

(1,242,660)

 

(28,618,834)

Developer Contributions - Section 7.12

462,032

(28,215)

(3)

 

433,814

Developer Contributions - Stormwater Section 64

(5,936,952)

(617,863)

110,124

 

(6,444,692)

Sewer Fund

(29,992,670)

3,094,449

(880,201)

 

(27,778,423)

Solid Waste

(21,429,172)

10,541,347

(9,724,709)

52,000

(20,612,534)

Specific Purpose Unexpended Grants & Contributions

(9,204,765)

 

9,204,765

 

0

SRV Levee Reserve

(6,439,536)

 

139,774

 

(6,299,762)

Stormwater Levy

(4,588,976)

(352,886)

280,166

 

(4,661,696)

Total Externally Restricted

(105,054,067)

13,184,685

(2,112,745)

52,000

(93,930,127)

 

 

 

Internally Restricted

 

 

Airport

0

420,584

(420,584)

 

0

Art Gallery

(1,709)

0

0

 

(1,709)

Bridge Replacement

(296,805)

0

0

 

(296,805)

Buildings

(1,046,797)

159,433

(12,885)

 

(900,249)

CBD Carparking Facilities

(498,295)

498,295

0

 

0

CCTV

(100,843)

18,000

12,000

 

(70,843)

Cemetery

(828,348)

(218,116)

210,200

 

(836,264)

Civic Theatre

(39,666)

5,930

 

(33,736)

Civil Infrastructure

(9,786,909)

2,236,679

(711,558)

 

(8,261,788)

Community Works

(171,505)

(40,429)

56,851

 

(155,083)

Council Election

(542,957)

403,602

0

 

(139,354)

Economic Development

(436,848)

367,520

 

(69,328)

Emergency Events Reserve

(231,184)

(50,000)

(328,015)

 

(609,199)

Employee Leave Entitlements Gen Fund

(3,798,309)

0

 

(3,798,309)

Environmental Conservation

(116,578)

75,000

0

 

(41,578)

Event Attraction

(302,414)

 

122,647

14,052

(165,715)

Grants Commission

(5,382,345)

 

5,382,345

 

0

Gravel Pit Restoration

(820,851)

3,333

7,980

 

(809,537)

Information Services

(1,052,159)

105,305

412,496

 

(534,358)

Insurance Variations

(50,000)

 

0

 

(50,000)

Internal Loans

(3,022,169)

1,158,394

(16,769)

174,715

(1,705,829)

Lake Albert Improvements

(84,423)

(21,417)

0

 

(105,839)

Livestock Marketing Centre

(4,447,351)

863,862

74,157

 

(3,509,332)

Museum Acquisitions

(39,378)

15,000

0

 

(24,378)

Net Zero Emissions

(375,555)

210,165

15,000

 

(150,390)

Oasis Reserve

(1,266,045)

764,654

80,249

10,000

(411,141)

 


 

 

 

CLOSING BALANCE 2020/21

ADOPTED RESERVE TRANSFERS 2021/22

BUDGET VARIATIONS APPROVED UP TO COUNCIL MEETING 11.4.2022

PROPOSED CHANGES for Council Resolution

BALANCE AS AT 30 APRIL 2022

Parks & Recreation Projects

(942,906)

(67,410)

413,285

 

(597,031)

Planning Legals

(60,000)

(40,000)

0

 

(100,000)

Plant Replacement

(4,302,142)

21,032

1,829,093

 

(2,452,017)

Project Carryovers

(3,816,168)

76,000

3,740,168

 

0

Public Art

(177,324)

138,183

(125,981)

 

(165,123)

Sister Cities

(40,000)

(10,000)

0

 

(50,000)

Stormwater Drainage

(158,178)

 

0

48,000

(110,178)

Strategic Real Property

(800,000)

 

800,000

 

0

Subdivision Tree Planting

(486,675)

20,000

0

 

(466,675)

Unexpended External Loans

(2,004,486)

118,338

1,777,404

 

(108,745)

Workers Compensation

(190,649)

 

30,000

 

(160,649)

Total Internally Restricted

(47,717,970)

6,858,488

13,721,533

246,767

(26,891,182)

 

 

 

 

 

 

Total Restricted

(152,772,037)

20,043,173

11,608,789

298,767

(120,821,308)

 

 

 

 

 

 

Total Unrestricted

(9,818,000)

0

0

0

(9,818,000)

 

 

 

 

 

 

Total Cash, Cash Equivalents, and Investments

(162,590,037)

20,043,173

11,608,789

298,767

(130,639,308)

 


 

Investment Summary as at 30 April 2022

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

 

Institution

Rating

Closing Balance
Invested
31/03/2022
$

Closing Balance
Invested
30/04/2022
$

April
EOM
Current Yield
%

April
EOM
% of Portfolio

Investment
Date

Maturity
Date

Term
(months)

At Call Accounts

 

 

 

 

 

 

 

 

NAB

AA-

299,063

344,234

0.10%

0.20%

N/A

N/A

N/A

CBA

AA-

1,843,324

6,242,949

0.10%

3.68%

N/A

N/A

N/A

CBA

AA-

16,131,570

12,333,870

0.15%

7.28%

N/A

N/A

N/A

Macquarie Bank

A+

9,048,200

9,052,513

0.60%

5.34%

N/A

N/A

N/A

Total At Call Accounts

 

27,322,157

27,973,566

0.28%

16.51%

 

 

 

Short Term Deposits

 

 

 

 

 

 

 

 

Community First

NR

1,000,000

1,000,000

1.00%

0.59%

7/12/2021

7/07/2022

7

CBA

AA-

0

2,000,000

2.22%

1.18%

20/04/2022

20/04/2023

12

Total Short Term Deposits

 

1,000,000

3,000,000

1.81%

1.77%

 

 

 

Medium Term Deposits

 

 

 

 

 

 

 

 

RaboBank

A+

1,000,000

1,000,000

3.16%

0.59%

5/06/2017

6/06/2022

60

AMP

BBB

2,000,000

2,000,000

0.95%

1.18%

30/11/2020

30/05/2022

18

Auswide

BBB

2,000,000

2,000,000

0.85%

1.18%

6/10/2020

6/10/2022

24

BOQ

BBB+

2,000,000

2,000,000

1.20%

1.18%

4/01/2022

4/01/2024

24

BOQ

BBB+

1,000,000

1,000,000

3.50%

0.59%

1/06/2018

1/06/2022

48

Westpac

AA-

2,000,000

2,000,000

1.32%

1.18%

28/06/2021

29/06/2026

60

BOQ

BBB+

3,000,000

3,000,000

3.25%

1.77%

28/08/2018

29/08/2022

48

Westpac

AA-

2,000,000

2,000,000

1.80%

1.18%

15/11/2021

17/11/2025

48

P&N Bank

BBB

1,000,000

1,000,000

3.30%

0.59%

20/11/2018

21/11/2022

48

Bendigo-Adelaide

BBB+

1,000,000

1,000,000

3.25%

0.59%

30/11/2018

30/11/2022

48

Newcastle Permanent

BBB

2,000,000

0

0.00%

0.00%

23/04/2019

26/04/2022

36

BoQ

BBB+

1,000,000

1,000,000

2.40%

0.59%

22/05/2019

23/05/2022

36

BoQ

BBB+

1,000,000

1,000,000

2.15%

0.59%

8/07/2019

10/07/2023

48

Auswide

BBB

1,000,000

1,000,000

1.95%

0.59%

12/08/2019

12/08/2022

36

Judo Bank

BBB-

1,000,000

1,000,000

1.90%

0.59%

10/09/2019

9/09/2022

36

Auswide

BBB

1,000,000

1,000,000

1.72%

0.59%

3/10/2019

4/10/2022

36

ICBC

A

2,000,000

2,000,000

2.03%

1.18%

6/11/2019

6/11/2024

60

ICBC

A

2,000,000

2,000,000

1.83%

1.18%

28/11/2019

28/11/2024

60

Judo Bank

BBB-

1,000,000

1,000,000

1.30%

0.59%

3/12/2021

4/12/2023

24

ICBC

A

1,000,000

1,000,000

1.75%

0.59%

6/01/2020

8/01/2024

48

BOQ

BBB+

1,000,000

1,000,000

2.00%

0.59%

28/02/2020

28/02/2025

60

Police Credit Union

NR

1,000,000

1,000,000

2.20%

0.59%

1/04/2020

1/04/2025

60

ICBC

A

1,000,000

1,000,000

1.85%

0.59%

29/05/2020

29/05/2025

60

ICBC

A

1,000,000

1,000,000

1.86%

0.59%

1/06/2020

2/06/2025

60

ICBC

A

2,000,000

2,000,000

1.75%

1.18%

25/06/2020

25/06/2025

60

ICBC

A

2,000,000

2,000,000

1.75%

1.18%

25/06/2020

25/06/2025

60

ICBC

A

2,000,000

2,000,000

1.60%

1.18%

29/06/2020

28/06/2024

48

ICBC

A

3,000,000

3,000,000

1.25%

1.77%

30/06/2020

30/06/2022

24

ICBC

A

2,000,000

2,000,000

1.42%

1.18%

7/07/2020

8/07/2024

48

ICBC

A

2,000,000

2,000,000

1.50%

1.18%

17/08/2020

18/08/2025

60

BoQ

BBB+

1,000,000

1,000,000

1.25%

0.59%

7/09/2020

8/09/2025

60

BoQ

BBB+

2,000,000

2,000,000

1.25%

1.18%

14/09/2020

15/09/2025

60

NAB

AA-

1,000,000

1,000,000

0.60%

0.59%

14/09/2021

14/09/2023

24

AMP

BBB

1,000,000

1,000,000

0.95%

0.59%

26/11/2020

25/05/2022

18

AMP

BBB

2,000,000

2,000,000

0.95%

1.18%

7/12/2020

6/06/2022

18

ICBC

A

1,000,000

1,000,000

1.20%

0.59%

7/12/2020

8/12/2025

60

Warwick CU

NR

1,000,000

1,000,000

0.75%

0.59%

29/01/2021

30/01/2023

24

NAB

AA-

2,000,000

2,000,000

0.95%

1.18%

29/01/2021

29/01/2026

60

NAB

AA-

1,000,000

1,000,000

1.08%

0.59%

22/02/2021

20/02/2026

60

NAB

AA-

2,000,000

2,000,000

1.25%

1.18%

3/03/2021

2/03/2026

60

Summerland CU

NR

1,000,000

1,000,000

0.75%

0.59%

29/04/2021

28/04/2023

24

NAB

AA-

2,000,000

2,000,000

1.40%

1.18%

21/06/2021

19/06/2026

60

NAB

AA-

2,000,000

2,000,000

0.65%

1.18%

25/06/2021

26/06/2023

24

Westpac

AA-

2,000,000

2,000,000

1.32%

1.18%

25/06/2021

25/06/2026

60

ICBC

A

1,000,000

1,000,000

1.32%

0.59%

25/08/2021

25/08/2026

60

NAB

AA-

2,000,000

2,000,000

0.65%

1.18%

31/08/2021

31/08/2023

24

AMP

BBB

2,000,000

2,000,000

1.00%

1.18%

18/10/2021

17/10/2024

36

Westpac

AA-

2,000,000

2,000,000

1.56%

1.18%

30/11/2021

29/11/2024

36

Westpac

AA-

2,000,000

2,000,000

2.00%

1.18%

8/02/2022

10/02/2025

36

P&N Bank

BBB

2,000,000

2,000,000

2.40%

1.18%

9/03/2022

10/03/2025

36

P&N Bank

BBB

2,000,000

2,000,000

2.00%

1.18%

10/03/2022

11/03/2024

24

MyState

BBB

2,000,000

2,000,000

2.20%

1.18%

2/03/2022

3/03/2025

36

CBA

AA-

0

2,000,000

3.28%

1.18%

26/04/2022

26/04/2024

24

Total Medium Term Deposits

 

83,000,000

83,000,000

1.66%

48.98%

 

 

 

Floating Rate Notes - Senior Debt

 

 

 

 

 

 

 

 

Westpac

AA-

3,033,609

3,031,324

BBSW + 114

1.79%

24/01/2019

24/04/2024

63

NAB

AA-

2,016,343

2,019,950

BBSW + 104

1.19%

26/02/2019

26/02/2024

60

Westpac

AA-

2,509,081

2,517,418

BBSW + 88

1.49%

16/05/2019

16/08/2024

63

Suncorp

AA-

1,249,822

1,251,168

BBSW + 78

0.74%

30/07/2019

30/07/2024

60

ANZ

AA-

2,000,984

2,007,771

BBSW + 77

1.18%

29/08/2019

29/08/2024

60

HSBC

AA-

2,502,159

2,509,069

BBSW + 83

1.48%

27/09/2019

27/09/2024

60

Bank Australia

BBB

1,504,316

1,505,744

BBSW + 90

0.89%

2/12/2019

2/12/2022

36

ANZ

AA-

1,499,696

1,502,880

BBSW + 76

0.89%

16/01/2020

16/01/2025

60

NAB

AA-

1,999,503

2,004,297

BBSW + 77

1.18%

21/01/2020

21/01/2025

60

Newcastle Permanent

BBB

1,100,551

1,104,604

BBSW + 112

0.65%

4/02/2020

4/02/2025

60

Macquarie Bank

A+

1,990,945

2,000,818

BBSW + 84

1.18%

12/02/2020

12/02/2025

60

BOQ Covered

AAA

552,415

554,803

BBSW + 107

0.33%

14/05/2020

14/05/2025

60

Credit Suisse

A+

1,307,557

1,308,385

BBSW + 115

0.77%

26/05/2020

26/05/2023

36

UBS

A+

1,493,923

1,499,115

BBSW + 87

0.88%

30/07/2020

30/07/2025

60

Bank of China Australia

A

1,499,295

1,499,051

BBSW + 78

0.88%

27/10/2020

27/10/2023

36

CBA

AA-

1,970,191

1,984,401

BBSW + 70

1.17%

14/01/2022

14/01/2027

60

Rabobank

A+

1,970,425

1,980,912

BBSW + 73

1.17%

27/01/2022

27/01/2027

60

Newcastle Permanent

BBB

986,564

989,161

BBSW + 100

0.58%

10/02/2022

10/02/2027

60

NAB

AA-

2,377,134

2,386,206

BBSW + 72

1.41%

25/02/2022

25/02/2027

60

Bendigo-Adelaide

BBB+

1,648,893

1,650,843

BBSW + 98

0.97%

17/03/2022

17/03/2025

36

Total Floating Rate Notes - Senior Debt

 

35,213,406

35,307,920

 

20.84%

 

 

 

Fixed Rate Bonds

 

 

 

 

 

 

 

 

ING Covered

AAA

679,094

667,156

1.10%

0.39%

19/08/2021

19/08/2026

60

Northern Territory Treasury

AA-

3,000,000

3,000,000

1.00%

1.77%

24/08/2021

16/12/2024

40

Northern Territory Treasury

AA-

3,000,000

3,000,000

1.50%

1.77%

24/08/2021

15/12/2026

64

BoQ

BBB+

1,773,046

1,723,506

2.10%

1.02%

27/10/2021

27/10/2026

60

Northern Territory Treasury

AA-

2,000,000

2,000,000

1.50%

1.18%

6/08/2021

15/12/2026

64

Northern Territory Treasury

AA-

1,000,000

1,000,000

1.50%

0.59%

14/07/2021

15/12/2026

65

Northern Territory Treasury

AA-

2,000,000

2,000,000

1.30%

1.18%

29/04/2021

15/06/2026

61

Northern Territory Treasury

AA-

2,000,000

2,000,000

1.00%

1.18%

30/11/2020

15/12/2025

60

Northern Territory Treasury

AA-

1,000,000

1,000,000

1.00%

0.59%

20/11/2020

15/12/2025

61

Northern Territory Treasury

AA-

2,000,000

2,000,000

1.00%

1.18%

21/10/2020

15/12/2025

62

Total Fixed Rate Bonds

 

18,452,140

18,390,662

1.30%

10.85%

 

 

 

Managed Funds

 

 

 

 

 

 

 

 

NSW Tcorp

NR

1,802,681

1,772,644

-1.67%

1.05%

17/03/2014

1/04/2027

156

Total Managed Funds

 

1,802,681

1,772,644

-1.67%

1.05%

 

 

 

TOTAL CASH ASSETS, CASH
EQUIVALENTS & INVESTMENTS

 

166,790,385

169,444,793

 

100.00%

 

 

 

LESS: RIVERINA REGIONAL LIBRARY (RRL) CASH AT BANK

 

4,028,562

3,842,631

 

 

 

 

 

TOTAL WWCC CASH ASSETS, CASH
EQUIVALENTS & INVESTMENTS

 

162,761,823

165,602,162

 

 

 

 

 


 

Council’s investment portfolio is dominated by Term Deposits, equating to approximately 51% of the portfolio across a broad range of counterparties. Cash equates to 16%, with Floating Rate Notes (FRNs) around 21%, fixed rate bonds around 11% and growth funds around 1% of the portfolio.

 

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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.

 

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

 

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Investment Portfolio Balance

 

Council’s investment portfolio balance has increased over the past month, up from $162.76M to $165.60M. During the month of April, Council received a pre-payment of 75% ($8.5M) of its 2022/23 Financial Assistance Grants.

 

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Monthly Investment Movements

 

Redemptions/Sales – Council sold the following investment securities during April 2022:

 

Institution and