Agenda and
Business Paper

 

Ordinary Meeting of Council

 

 

 

To be held on
Monday 16 December 2024

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.

 

 

WAGGA WAGGA CITY COUNCILLORS

 

STATEMENT OF ETHICAL OBLIGATIONS

Councillors are reminded of their Oath or Affirmation of Office made under Section 233A of the Local Government Act 1993 and their obligation under Council’s Code of Conduct to disclose and appropriately manage Conflicts of Interest.

 

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.

 

Ordinary Meeting of Council AGENDA AND BUSINESS PAPER

Monday 16 December 2024

ORDER OF BUSINESS:

CLAUSE               PRECIS                                                                                       PAGE

ACKNOWLEDGEMENT OF COUNTRY                                                                          3

REFLECTION                                                                                                                3

APOLOGIES                                                                                                                 3

Confirmation of Minutes

CM-1           ORDINARY COUNCIL MEETING - 25 NOVEMBER 2024                             3

DECLARATIONS OF INTEREST                                                                                    3

Mayoral Minutes

MM-1           MAYORAL MINUTE - TOLLAND RENEWAL PROJECT - COMPULSARY ACQUISITION                                                                                                                  4

MM-2           MAYORAL MINUTE - WAGGA AIRPORT                                                   8

Motions Of Which Due Notice Has Been Given

NOM-1         NOTICE OF MOTION - INVESTIGATING REGULATION OF FACIAL
RECOGNITION & CONSUMER PROFILING TECHNOLOGIES                  10

Councillor Report

CR-1            DELEGATE REPORT - LGNSW CONFERENCE 2024                               12

Reports from Staff

RP-1            Amendment to the Wagga Wagga Local Infrastructure Contributions Plan and 12 Blake Street, Wagga Wagga DA19/0125 Works in Kind Agreement                                                                                           14

RP-2            ONE-OFF CAPITAL WORKS PROGRAM RESET                                      73

RP-3            JIM ELPHICK TENNIS CENTRE AND WAGGA WORKOUT FEES AND CHARGES        86

RP-4            FINANCIAL PERFORMANCE REPORT AS AT 30 NOVEMBER 2024       101

RP-5            PROPOSED MEMORANDUM OF UNDERSTANDING BETWEEN COUNCIL AND THE WAGGA WAGGA SHOW SOCIETY                                                        119

RP-6            QUESTIONS WITH NOTICE                                                                    131

Committee Minutes

M-1              LOCAL TRAFFIC COMMITTEE MINUTES - 14 NOVEMBER 2024            135

M-2              FLOODPLAIN RISK MANAGEMENT ADVISORY COMMITTEE - 7 NOVEMBER 2024    143   

Confidential Mayoral Minutes

MM-CONF-1 MAYORAL MINUTE - electricity supply infrastructure ON PUBLIC land  154

 

Confidential Reports

CONF-1       2024/25 PAVEMENT IN-SITU STABILISATION AND ASPHALT WEARING COURSE PROGRAM                                                                                             155

CONF-2       RFT CT2025023 KILLICK'S BRIDGE REPLACEMENT DESIGN & CONSTRUCT   156

CONF-3       PROPOSED LEASE FROM AUSTRALIAN RAIL TRACK CORPORATION - URANQUINTY REST STOP                                                                                            157

CONF-4       TECHNOLOGYONE ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE SOLUTION – DIRECT NEGOTIATIONS                                                   158

 

 

 

ACKNOWLEDGEMENT OF COUNTRY

Wagga Wagga City Council acknowledges the traditional custodians of the land, the Wiradjuri people, and pays respect to Elders past, present and future and extends our respect to all First Nations Peoples in Wagga Wagga.

We recognise and respect their cultural heritage, beliefs and continuing connection with the land and rivers. We also recognise the resilience, strength and pride of the Wiradjuri and First Nations communities

 

 

REFLECTION

Councillors, let us in silence reflect upon our responsibilities to the community which we represent, and to all future generations and faithfully, and impartially, carry out the functions, powers, authorities and discretions vested in us, to the best of our skill and judgement.

 

 

APOLOGIES

 

 

Confirmation of Minutes

CM-1              ORDINARY COUNCIL MEETING - 25 NOVEMBER 2024       

 

Recommendation That the Minutes of the proceedings of the Ordinary Council Meeting held on 25 November 2024 be confirmed as a true and accurate record.

 

 

 

1⇩.

Minutes - Ordinary Council Meeting - 25 November 2024.

159

 

 

DECLARATIONS OF INTEREST

Report submitted to the Ordinary Meeting of Council on Monday 16 December 2024

MM-1

 

Mayoral Minute

MM-1              MAYORAL MINUTE - TOLLAND RENEWAL PROJECT - COMPULSARY ACQUISITION

Summary:

Since the last update to Council on 27 May 2024, Council staff have continued to collaborate with Homes NSW and the Department of Planning, Housing and Infrastructure (DPHI) to progress the Tolland Renewal Project. Since May, the Concept Masterplan has been adopted, the State Assessed Planning Proposal (SAPP) has been gazetted by DPHI, and the Development Control Plan (DCP) is under consideration by Council’s Development Assessment team.   This Council report provides an update on the acquisition of Council land by Homes NSW that will unlock key parts of the Tolland Estate for renewal. Homes NSW is seeking Council to enter into a section 29 agreement under the Land Acquisition (Just Terms Compensation) Act 1991 with Council and Homes NSW agreeing to all terms of the proposed acquisition, to enact the acquisition of land.   Council has obtained legal advice that Council can legally take part in the section 29 agreement process, addressing previous Council concerns regarding its obligations under the Local Government Act 1993. A decision is sought from Council to enter into the section 29 process to enable the formal process around the acquisition of land to occur.

 

 

That Council:

a       agree to enter into an agreement with Homes NSW under section 29 of the Land Acquisition (Just Terms Compensation) Act 1991 (the Just Terms Act) to compulsorily acquire Council land within the Tolland Estate

b       delegate to the General Manager or their delegate the signing of relevant documentation under section 29 of the Land Acquisition (Just Terms Compensation) Act 1991 (the Just Terms Act) for Homes NSW to compulsorily acquire Council land within the Tolland Estate

The General Manager has requested that this report be presented as a Mayoral Minute due to the time between now and the next Council Meeting.

Background

The original Tolland Estate was developed and built between the 1970s and 1990s. It comprises a large number of properties owned by Homes NSW (formerly the NSW Land and Housing Corporation and Aboriginal Housing Office), as well as private dwellings, parcels of vacant land, a community centre, Red Hill Public School, OneSchool Global NSW – Wagga Wagga, and Wagga Wagga Brethren Church.

Over time, there have been growing concerns regarding the social housing stock located in Tolland – it is no longer fit-for-purpose and has significant maintenance issues for Homes NSW. The Tolland Renewal Project seeks to deliver a mix of new social, affordable and private housing fit for the needs of residents, improved green spaces such as parks and outdoor communal areas, increased road connectivity and pathways, and increased recognition of Tolland’s First Nations history.

The amount of private, social and affordable housing dwellings to be delivered in the project is identified in Table 1 below.

Type of Housing	Number of dwellings
Private housing	270 private lots and 22 private dwellings in Tolland
Social housing and Affordable housing	200 dwellings in Tolland
	84 social dwellings in Wagga LGA
Net increase in social and affordable dwellings	65 additional dwellings in Wagga LGA

Tolland Renewal Project elements

The Tolland Renewal Project is a complex, multi-faceted project, with multiple planning and non-planning elements required to deliver the desired outcomes. The separate, but interrelated, elements of the Tolland Estate Renewal are:

·    The Concept Masterplan

·    Development controls

·    The Planning Agreement

·    Acquisition of Council-owned land

·    The Planning Proposal

As part of the proposal, Homes NSW has proposed to enter into a ‘land swap’ arrangement with Council. This would include Council transferring to Homes NSW (free of charge) some of its community land, including open space and dedicated road parcels on the basis that Homes NSW will dedicate an equivalent area of embellished open space back to Council as part of the renewal process.

Homes NSW has advised that in order to facilitate the proposed acquisitions they would like to use section 29 of the Land Acquisition (Just Terms Compensation) Act 1991 (the Just Terms Act) as the basis of an acquisition from Council. Section 29(4) of the Just Terms Act provides that if both parties agree to all terms of the proposed acquisition, the requirements under Division 1 Pre-acquisition procedures and Part 3 Compensation for acquisition of land do not apply to the acquisition process . Homes NSW is seeking to utilise this provision because, if the owner of the land has agreed to all relevant matters concerning the compulsory acquisition (including the compensation to be paid, if any), Homes NSW would not have to comply with certain aspects of the Just Terms Act (such as statutory timeframes).

Council staff have previously raised concern that entering into a Section 29 agreement with Homes NSW for the acquisition of community land would breach Council’s obligations under the Local Government Act 1993, as it would effectively dispose of the land.

Council sought independent legal advice from both Lindsay Taylor Lawyers and Malcolm Craig KC in relation to this issue and was advised that consenting (‘agreement’) to Homes NSW’s exercise of its compulsory acquisition powers would not be considered a disposal for the purposes of the Local Government Act 1993. This means Council can enter into a Section 29 agreement with Homes NSW for the compulsory acquisition of land.

On the basis of this legal advice and recognising the social and community significance of the Tolland Renewal Project in delivering a range of social and market housing, it is recommended that Council agree to enter into a section 29 agreement with Homes NSW.

Homes NSW is proposing land swaps/land acquisition regarding Council-owned land in the Tolland Renewal Area. This may see land acquired from Council at nil value, with it being dedicated back to Council in the future. The dedicated land will be embellished compared to its current form, as per the provisions set out in the draft Planning Agreement and the Tolland Concept Masterplan. This embellishment means that Council will receive upgraded active travel infrastructure, recreational assets and community facilities.

Wagga Wagga Local Strategic Planning Statement
Developer Infrastructure Agreements Policy (POL121)
Wagga Wagga Local Infrastructure Contributions Plan 2019 – 2034
Environmental Planning and Assessment Act 1979 (particularly Section 7.4)
Land Acquisition (Just Terms Compensation) Act 1991
Local Government Act 1993

The Environment

Objective: Future growth and development of Wagga Wagga is planned for in a sustainable manner

Provide for a diversity of housing that meets our needs

Council officers have previously raised concerns over the proposed use of a Section 29 agreement to facilitate Homes NSW’s compulsory acquisition of Council-owned land. The use of compulsory acquisition powers means that the community will not

have had an opportunity to be consulted on the fact that all open space and some of the road parcels within the Tolland Renewal Area will be acquired, as would have been required if Homes NSW lodged a reclassification planning proposal.

It is noted that since 2022, Homes NSW has consulted extensively with the Tolland community in relation to the draft masterplan and rezoning process, distributing over 3,100 letters, newsletter and other supporting materials to owners, tenants and residents. In addition, 9 drop-in sessions were held at the Tolland Community Centre between December 2022 and February 2024. A copy of the Homes NSW Community Engagement Report is provided at Attachment 2. However, this consultation did not specifically advise that Homes NSW would be acquiring all community land and some roads from Council.

If members of the community raised objection to the acquisition, Council has agreed to the acquisition, and therefore has actively participated in that process. It is Council, not Homes NSW, who bears any legal liability if there are allegations of breaching the Local Government Act 1993.

 

 

 

 

 

Report submitted to the Ordinary Meeting of Council on Monday 16 December 2024

MM-2

 

MM-2              MAYORAL MINUTE - WAGGA AIRPORT

Summary:

With the Federal election coming it is critical that we seek a commitment from the Member for Riverina, the Hon. Michael McCormack MP and other candidates regarding the Wagga Airport terminal and lease.

 

 

That Council:

a       write to the Member for Riverina, the Hon. Michael McCormack MP, and request that if the coalition government is elected in 2025, they will;

i         honour the commitment made at the 2022 Federal Election to fund a new Wagga Airport to at least the sum of the commitment made in 2022, and

ii        ensure that the Wagga Airport is not privatised and that a 50 + 49 year lease is granted to Wagga Wagga City Council at a nominal rental

b       write to all other candidates in the upcoming election seeking their commitment for the Airport Terminal and lease

During the Federal election in 2022, the Member for Riverina, the Hon. Michael McCormack MP pledged $20 million to revamp the Wagga Wagga Airport if the coalition was returned to Government.

 

Michael McCormack was re-elected but the coalition Government was not.

 

Although the Federal election date is not yet announced it will be in the first 6 months of next year. As a community we are no further advanced in relation to upgrading our Airport terminal which is owned by the Federal Government.

 

Mr McCormack has not yet made any election commitments and the purpose of this Mayoral Minute is to ensure that he, and the coalition, have plenty of notice to recommit to their 2022 promise of renewing the Wagga Airport.

 

Since the election, Council was advised that the lease of the Airport would be advertised in a public expression of interest process with a view to privatising the Airport. This process has been halted pending discussion between Council and Defence. These discussions are positive however there is not yet any commitment to the renewal of the lease.

 

For these reasons Council should write to Mr McCormack and all other candidates in the upcoming election seeking a commitment regarding the Airport terminal and lease.

 

N/A

Wagga Wagga City Council Code of Meeting Practice

 

Community leadership and collaboration

Objective: Wagga Wagga has strong community leadership and a shared vision for the future

Plan long term for the future of Wagga Wagga

 

 

 

 

 

 

 

 

Report submitted to the Ordinary Meeting of Council on Monday 16 December 2024

NOM-1

 

Motions Of Which Due Notice Has Been Given

NOM-1           NOTICE OF MOTION - INVESTIGATING REGULATION OF FACIAL
RECOGNITION & CONSUMER PROFILING TECHNOLOGIES

Author:          Councillor Richard Foley

 

Summary:

This Notice of Motion is for Council to acknowledge the privacy and ethical concerns raised by community members surrounding the use of facial recognition and consumer profiling technologies.

 

 

That Council:

a       acknowledges privacy, ethical and wider community concerns surrounding the use of facial recognition and consumer profiling technologies (FRT and CPT) in commercial public spaces

b       receives a report within six months that explores how Council can respond to these challenges within its existing powers (if any), including but not limited to the development of policy frameworks and/or implementation of conditions on developments

c        advocates to State and Federal Governments for stronger consumer protections, including transparency and opt-out provisions for FRT and CPT, by requesting the Mayor write to our local members and the relevant State and Federal Ministers in relation to this matter

Facial recognition technology (FRT) and consumer profiling technology (CPT) are becoming increasingly prevalent in commercial spaces. However, their use raises significant privacy, ethical, and transparency concerns. These technologies collect and analyse personal data, often without clear consent or public understanding, which can undermine trust and create perceptions of intrusive surveillance.

 

While Wagga Wagga City Council’s jurisdiction over privacy laws is limited, the Council has a responsibility to protect the welfare of its community and promote transparent and ethical business practices. A comprehensive report is required to explore how the Council can respond to these challenges within its existing powers, including the development of policy frameworks and implementation of conditions on developments.

 

Additionally, the Council can advocate for stronger protections at the state and federal levels, such as mandatory opt-out mechanisms and stricter consumer safeguards, recognising that these technologies are primarily regulated by higher levels of government.

 

By taking these steps, Wagga Wagga City Council can lead by example, addressing community concerns while fostering a culture of accountability and trust in how emerging technologies are used. This approach balances the need for innovation with the protection of fundamental rights, ensuring that the community’s privacy and values are upheld.

 

 

There are financial implications within this report.

Wagga Wagga Code of Meeting Practice

 

Community leadership and collaboration

Objective: Wagga Wagga has strong community leadership and a shared vision for the future

Our leaders represent our community

 

 

 

 

 

 

Report submitted to the Ordinary Meeting of Council on Monday 16 December 2024

CR-1

 

Councillor Report

CR-1              DELEGATE REPORT - LGNSW CONFERENCE 2024

Author:         Councillor Allana Condron and Jenny MCKinnon and the Mayor Councillor Dallas Tout

 

That Council receive and note the report.

 

The purpose of the 2024 LGNSW Conference was to provide opportunity for councillors to come together to share ideas and debate issues that shape the way LGNSW is governed and advocates on behalf of the local government sector. Those who were voting delegates in attendance played a key role in voting on motions that have been put forward by other Councils across NSW.

 

The full agenda can be found on the website.

 

There were several motions of interest for councillors in attendance, those of which included motions such as the proposed Model Code of Conduct. The vast variety of motions put forth at the conference also provided for insight into the priorities, and in particular, concerns of other neighbouring councils, as well as councils operating in metropolitan areas.

 

The conference provided great benefit in not only connecting councillors to other councillors and government professionals, creating support networks across the NSW Local Government sector, but also a great opportunity for in particular new councillors to understand the roles and responsibilities of council and councillors as a whole, and where best to seek support whilst undertaking their duties of office this term.

 

On the Friday prior to the conference the Premier announced the creation of the Housing Development Authority. This was announced with no prior discussions or consultations and of even more concern no consultation with the peak body Local Government NSW.

 

The creation of this authority was of such concern to all Councils due to the lack of any detail at all that an existing board motion was amended to reflect the opinion of Councils. The wording being “That LGNSW and Councils across the state condemn the NSW Governments 15 November 2024 announcement that I will bypass councils and communities with a new spot-rezoning and state approval pathway, which will deliver windfall gains for developers while removing safeguards that protect communities from inappropriate development.”

 

This motion was moved by Wagga Wagga council. The agreement in the conference was such that there was no opposition and it was passed unanimously by all Councils in attendance.

 

N/A

Code of Conduct 2022

Councillor Expenses and Facilities Policy POL 025

 

Community leadership and collaboration

Objective: Wagga Wagga has strong community leadership and a shared vision for the future

Our leaders represent our community

 

N/A

N/A

 

 

 

 

 

 

Report submitted to the Ordinary Meeting of Council on Monday 16 December 2024

RP-1

 

Reports from Staff

RP-1               Amendment to the Wagga Wagga Local Infrastructure Contributions Plan and 12 Blake Street, Wagga Wagga DA19/0125 Works in Kind Agreement

Author:         Belinda Maclure 

Executive:    Fiona Piltz

         

 

Summary:

Council has been working for an extended period with the developer at 12 Blake Street regarding the provision of infrastructure to improve the public realm in Blake Street in lieu of providing the section 7.12 contributions due for the development associated with DA19/0125.   Following the Council Meeting of 6 November 2023, Council staff drafted an amendment to the Wagga Wagga Local Infrastructure Contributions Plan 2019-2034 and drafted a Works in Kind Agreement for the provision of infrastructure to improve the public realm in Blake Street. These documents have recently been placed on public exhibition, with one submission received.   It is recommended that Council enters into a Works in Kind Agreement with Davtil Pty Ltd in relation to their development at 12 Blake Street, Wagga Wagga and adopts the Addendum to the Wagga Wagga Blake Street.   The Section 7.12 contributions collected in relation to DA19/0125 will be allocated to the delivery of the infrastructure described in the Addendum and Deed as attached to this report.

 

 

That Council:

a       notes that one submission was received during the latest public exhibition period of the draft Deed Developer Works for 12 Blake Street, Wagga Wagga

b       notes that no submissions were received relating to the draft Addendum to the Wagga Wagga Local Infrastructure Plan 2019 – 2034

c        authorises the General Manager or their delegate to execute the Deed Developer Works for 12 Blake Street, Wagga Wagga and any other relevant documents on behalf of Council relating to Lot 13 DP 1211352 and associated with DA19/0125

d       authorises the affixing of the Wagga Wagga City Council common seal to all relevant documents as required.

e       authorises the General Manager or their delegate to pay the Section 7.12 contributions for DA19/0125 to the infrastructure projects identified in the Deed Developer Works 12 Blake Street, Wagga Wagga

f        resolves to adjust the Section 7.12 budget in the Long-Term Financial Plan to include the allocation of $104,075 to the delivery of infrastructure as described in the Deed Developer Works 12 Blake Street, Wagga Wagga

g       adopts the Addendum to the Wagga Wagga Local Infrastructure Contributions Plan 2019 – 2034 Additional Blake Street Projects for Section 7.12

 

At the Ordinary Council Meeting of Monday 6 November 2023 Council resolved to (among other items):

d       authorise the General Manager or their delegate to draft the amendment to the Local Infrastructure Contributions Plan (LICP) as outlined in the body of this report

e       authorise the General Manager or their delegate to draft a Works In Kind Agreement (WIKA) as outlined in the body of this report

f         authorise the General Manager or their delegate to place both the draft Works In Kind Agreement (WIKA) and the draft amendment to the Local Infrastructure Contributions Plan (LICP) on public exhibition for a period of 28 days and invite public submissions

g       receive a further report following the exhibition and submission period addressing any submission made in respect of the draft documents

In August 2024 the developer amended one part of their offer in relation to trees. The original plan was to remove 11 existing trees on the western side of Blake Street and install 11 Chinese Elms within the road reserve. After further investigation this was deemed unsuitable by the developer due to the potential damage this would cause to the surrounding infrastructure. The amended plan is to still remove 11 of the existing trees on the western side of Blake Street (already approved) and install 27 Crepe Myrtles that will be fully irrigated. Accordingly, the draft Works in Kind Agreement and the following proposed changes to the Local Infrastructure Contributions Plan were placed on public exhibition:

1.      Reconfiguration of the existing on-street car parking between Morgan and Forsyth Streets from parallel parking to angle parking

2.      Reconfiguration of existing road design including the installation of new traffic calming devices at either end of Blake Street

3.      Establishment of new line marking and signage including the designation of disabled car parking spaces

4.      Removal of existing street trees and replacement of crepe myrtles

5.      Replacement and upgrade to 2.5-metre-wide footpaths on the western side of Blake Street

6.      Landscaping and installation of three lights in the Blake Street Council carpark.

One submission was received during this public exhibition period. The submission objected to the removal of the existing street trees and their replacement with crepe myrtles. The objector was of the opinion that 25 existing street trees were being removed, however only 11 are identified for removal. Council staff have worked with the developer over a period of time and considered a number of options in relation to the street trees. Council staff support the replacement of the existing street trees with crepe myrtles as per the plans recently exhibited. This is based on the poor health of the existing street trees on the western side Blake Street, the damage caused to the footpath and kerb and gutter infrastructure in the street from the existing street trees and that the proposal will see the street trees located on the roadside verge.

The changes are detailed in the Addendum to the Local Infrastructure Contributions Plan and the draft Deed Developer Works for 12 Blake Street Wagga Wagga which are attached as Attachments 1 and 2 to this report.

The mixed use development comprises of ground floor commercial space, carparking and residential units on the floors above. The development will increase housing density within the central business district and provides diversity of housing options with its shop top residential units. Increased density and diversity of housing options in the city are highly desirable outcomes. The development will revitalise Blake Street through commercial activity and providing infill housing in an area which will promote a lifestyle where people can walk to all the services the central business district has to offer.

Below are some images to assist with visualising the proposal.

Picture 1: Blake Street Artistic Impression

Picture 2: Blake Street (western side currently)

Picture 3: Blake Street (western side currently)

Picture 4: Blake Street (western side currently)

 

Picture 5: Tarcutta Street

The Work in Kind Agreement will see $171,900 worth of public infrastructure delivered in Blake Street (in 2024 dollars).

 

As $104,075 of Section 7.12 contributions were paid on 16 June 2021, the developer is required to provide Council with a developer works security totalling $67,825.

 

At the completion of all the works listed in the Deed Council will return the developer works security and pay the developer $104,075 for the works. The resulting change to the Section 7.12 budget in the Long Term Financial Plan to include the allocation of $104,075 to the delivery of infrastructure as described in the Deed Developer Works 12 Blake Street, Wagga Wagga will be made after the Council meeting.

 

The result will be the developer will provide $67,825 (in 2024 dollars) worth of infrastructure in Blake Street over and above the Section 7.12 contributions required in DA19/0125.

 

Community leadership and collaboration

Objective: Our community is informed and actively engaged in decision making and problem-solving to shape the future of Wagga Wagga

Communicate with our community

 

The Deed Developer Works 12 Blake Street Wagga Wagga is designed to manage the risks associated with the delivery of the infrastructure in the Works in Kind Agreement.

 

As Section 7.12 contributions have been paid and a developer works security is required, there is no risk Council will not collect the contributions required as a result of the development.

The proposed Works in Kind Agreement for 12 Blake Street has been placed on public exhibition twice and the changes to the Local Infrastructure Contributions Plan and Work in Kind Agreement has been placed on public exhibition once.

 

The projects included in the Works in Kind Agreement have also been placed on public exhibition twice prior to the recent public exhibition periods.

 

1⇩.	Draft Deed WIKA Blake Street DA19-0125 as at October 2024
2⇩.	Draft Blake Street Amendment Oct 2024

 

 

Report submitted to the Ordinary Meeting of Council on Monday 16 December 2024

RP-1

 

Report submitted to the Ordinary Meeting of Council on Monday 16 December 2024

RP-1

 

Report submitted to the Ordinary Meeting of Council on Monday 16 December 2024

RP-2

 

RP-2               ONE-OFF CAPITAL WORKS PROGRAM RESET

Author:          Scott Gray 

         

 

Summary:

The purpose of the report is to reset the One-Off Capital Works program for the remainder of the 2024/25 financial year so it better aligns with allocated resources and delivery timeframes.

 

 

That Council:

a       receive and note the contents of the report

b       adopt the attached revised One-Off Capital Works Program

c        note that further review and refinement of the program will occur over the next 6 months

d       receive a further report early in 2025 with a more detailed status update on projects identified for delivery/progress in 2024/25

e       approve the budget variation/s as detailed in the Financial Implications section of the report

At the Council Meeting on 24 June 2024, Councillors approved an Operational Plan allocating over $57 million for One-Off Capital Works projects. This allocation excluded carry-overs from 2022/23 and, due to the timing of announcements, did not account for major projects such as the Lake Albert Pipeline, Plumpton Road, and the Northern Growth Sewer.

 

The following is a summary of the budgets allocated for the 2024/25 One-Off Capital Works Program, along with the actual expenditure and commitments recorded as of 31 October 2024.

 

Directorate	Budget (Confirmed)	Budget (Pending)	Budget (Total)	Actuals/ Commit
Community	$906,378	$0	$906,378	$36,345
Econ, Business & Workforce	$43,588,226	$14,081,738	$57,669,964	$17,290,886
Governance	$69,440,048	$1,000,000	$70,440,048	$3,851,510
Infrastructure	$42,133,486	$16,660,156	$58,793,641	$2,073,758
Total	$156,068,137	$31,741,894	$187,810,030	$23,252,499

 

A review of the 10 Year One-Off Capital Works Program has been undertaken with project sponsors, project managers and Directors. It is important to note that this is the initial stage of the review, with a focus on the next 1-2 years.

 

Further reviews will be undertaken to ensure the whole program reflects the expectations of Councillors and the community and has the appropriate budget amounts allocated.

A pragmatic approach was taken to the review with the aim to increase the accuracy of the program across the 4-year Council term. Some of the outcomes from the review include requests to:

 

·    remove projects on the basis they were completed through normal operations or in prior years

·    move projects outside the 4-year Delivery plan if they are unfunded, relying on grant funding, awaiting review pending the redevelopment of master plans or awaiting review pending review of demand / requirement

·    revise project timing

 

A copy of the revised 10 Year One Off Capital Works Program is attached (Attachment 1).

 

A status report on the whole Capital Works Program (including recurrent) will be prepared at the end of December and will be presented to Council in the first quarter of 2025. These reports will be provided to Councillors on a regular basis through the Councillor SharePoint site and through Council reports as part of the Operational Performance Reporting process.

 

Below is a summary of the revised projects and the budgets allocated for the remainder of the 2024/25 financial year.

 

Job No.	Project	Budget (Confirmed)
Community
18792	Public Art - River Life	$135,763
23074	Art Gallery Cabinetry Work	$111,600
23962	Permit Plug Pilot Program	$400,000
24277	Community Centres Safety Upgrades	$45,615
Economy, Business and Workforce
15293	Sportsgrounds Lighting Program - McPherson Oval (Nth Wagga)	$35,995
17749	Community Amenities - Gissing Oval	$200,000
18638	Lake Albert - Raising Water Level	$125,027
18812	Active Travel Plan - Stage 1 - TT26	$2,624,258
19648	Gobbagombalin Nth (Harris Road) Park Embellishment - ROS2	$194,228
19661	Lloyd Establish 3 Local Parks - ROS5 + LA4 (Deakin Ave) + LA5 (Barton Ave) + LA6 (Central Lloyd) - Land Acquisitions	$50,000
19664	Jubilee Park - Athletics Park Upgrade - ROS10	$3,109,572
19668	Harris Road to Open Space -  ROS13	$44,132
21089	Jim Elphick Tennis Centre - ROS15	$6,947,141
21777	Wiradjuri Walking Track Upgrade	$35,574
21789	Tarcutta Recreation Reserve Infrastructure Upgrade	$68,208
21931	Active Travel Plan - Stage 3 (Various)	$457,554
22157	Stronger Country Communities Fund Round 5 Grant	$731,876
22317	Lake Albert Pipeline	$449,378
22379	Local Government Recovery Grant	$696,051
23088	Victory Memorial Gardens Shade Sails	$22,000
23935	Active Travel Plan - Stage 3 - Kooringal Road Link	$500,000
24286	Workout Wagga Gym Purchase	$175,000
28119	Oasis - Filter Sand for All Pools	$72,887
28145	Oasis - Water Features Project	$199,236
28162	Oasis - Energy Savings Project (Mechanical Air Ventilation System Upgrade)	$231,770
28173	Oasis - Disable/ Mixed Access Equipment / Steps - Wheel Chairs - Hoist & Extras	$76,673
45096	LMC - New circulating road (partial)	$699,309
45128	LMC - Sheep & Goat Electronic (EiD) System Feasibility Study	$987,623
45131	LMC - Cattle Delivery Yard Rehabilitation	$22,823
45133	LMC - Realign Sheep and Cattle Draft Ramps	$3,067,917
45134	LMC - Asbestos Removal	$71,480
45135	LMC - Main Building Amenities	$33,150
45136	LMC - Main Building Sills	$34,810
70101	GWMC - Road Rehabilitation	$491,782
70164	GWMC - Construction of a new Waste Cell	$500,000
70168	GWMC Plant Shed	$100,000
70178	GWMC - Construction of a new Monocell	$500,000
70195	GWMC - Cell Extension	$1,261,664
Governance / Major Projects
17866	Levee System Upgrade - North Wagga (1 in 20)	$500,000
21903	RIFL Stage 1A Subdivision Works	$1,321,048
23126	Southern Growth Area - Plumpton Road North	$1,992,030
23127	Southern Growth Area - Plumpton Road South	$1,973,623
50447	Northern Growth Area - Sewer Upgrades	$773,089
Infrastructure
12922	Glenfield Road Corridor Works - TT1	121,787
17742	Stormwater - Murray St Project	159,956
18738	Glenfield Road Drain Remediation	79,807
19546	Botanic Gardens Zoo - Stage 2 CCTV	9,890
19604	Gregadoo Road Corridor Works - TT7	250,000
19627	Red Hill Rd/Dalman Parkway Intersection Treatment - TT27	137,457
21273	Lawn Cemetery Master Plan Stage 2A Works - New burial area, outdoor chapel and water feature	50,207
21348	Dobney Avenue & Pearson Street Pavement Rehabilitation	618,941
21855	Incarnie Crescent Stormwater Augmentation	421,559
21902	Murray St/ Brookong Ave Intersection Works - Hospital Upgrade	75,800
22138	Alan Turner Depot Washbay Waste/Oil Separator & Pit	130,466
22226	Civic Theatre - Balcony Retiling & Waterproofing	165,000
22322	Improved Pedestrian Access in Turvey Park	34,787
22324	Local Road Repair Program Funding Phase 2	2,791,133
22490	RFS Mangoplah Station Additional Bay & Amenities	94,667
22491	RFS Humula Station Capital Works	50,000
22694	Local Roads Community Infrastructure Round 4	1,547,609
22825	Bus Shelter Installations (CPTIGS - Fernleigh Rd x 2, Fay Ave)	34,368
23084	Destination Electric Vehicle (EV) Charger Installation Round 2	6,826
23103	Chapel Refurbishment	154,664
23934	Bus Shelter Installation (CPTIGS - 48 Chaston St)	20,000
24256	Pomingalarna Shed Construction	235,000
24266	Ivan Jack Drive Bridge Structural Rectification	623,039
50199	Sewer - Elizabeth Avenue Forest Hill SPS22 - New Assets	52,014
50221	Sewer - Narrung St Treatment Plant Flood Protection Infrastructure	464,132
50224	Sewer Ashmont SPS (Lloyd to Ashmont Gravity Main Upgrade)	24,980
50245	Sewer - Olympic Highway - SPS13 New Assets	21,037
50418	Southern Growth Area Sewer Augmentation	1,165,853
50441	Sewer Telemetry Hardware Upgrades	1,000,000
	Total	$42,610,865

 

 

The following table represents the movement of project budgets allocated across the 10 year program.

 

Year	Current Budget Allocated	Revised Budget Allocated
2024/25	$187,810,030	$42,610,865
2025/26	$71,356,362	$97,407,802
2026/27	$43,057,329	$105,928,896
2027/28	$48,734,469	$8,139,020
2028/29	$15,258,879	$16,593,436
2029/30	$15,063,915	$62,491,089
2030/31	$7,265,304	$32,453,765
2031/32	$861,142	$14,265,391
2032/33	$8,585,460	$10,220,554
2033/34	$5,333,184	$5,333,184
To be reviewed/removed		7,882,073

NSW Local Government Act 1993

 

Community leadership and collaboration

Objective: Our community is informed and actively engaged in decision making and problem-solving to shape the future of Wagga Wagga

Communicate with our community

 

If the capital works program is not reset to something more realistic there will be a community expectation that can’t be met.

 

Significant Internal engagement has been undertaken to prepare this initial revised 10 year capital works program. In addition, consultation is occurring in relation to Council’s project management methodology, systems and reporting.

 

A Councillor workshop was held on 9 December 2024.

 

 

1⇩.

One-Off Capital Works Program 2024/25 to 2033/34 - Reset as at 16 December 2024

 

 

Report submitted to the Ordinary Meeting of Council on Monday 16 December 2024

RP-2

 

Report submitted to the Ordinary Meeting of Council on Monday 16 December 2024

RP-3

 

RP-3               JIM ELPHICK TENNIS CENTRE AND WAGGA WORKOUT FEES AND CHARGES

Author:         Marc Geppert 

Executive:    Fiona Piltz

         

 

Summary:

This report proposes to adopt the publicly exhibited fees and charges for the Jim Elphick Tennis Centre and Wagga Workout Gym for the 2024/25 financial year with one amendment as noted in this report.

 

 

That Council:

a       note that there were 8 submissions received during the public exhibition period

b       adopt the following Recreation and Community Facility fees and charges for the Jim Elphick Tennis Centre and Wagga Workout:

Jim Elphick Tennis Centre
Fee Name	Year 24/25
	Fee (excl GST)	GST	Total Fee (Inc GST)
Casual Hire
ITF Court Hire (per hour, inc lights if applicable)	$18.18	$1.82	$20.00
Community Court Hire (per hour, inc lights if applicable)	$13.64	$1.36	$15.00
Multi Purpose Court Hire (per hour, inc lights if applicable)	$22.73	$2.27	$25.00
Tournament Rate Court Hire (per hour, per court)	$9.09	$0.91	$10.00
School Court Hire (Community Court, per hour)	$9.09	$0.91	$10.00
Adult Programming and Competitions
Social/Competitions (per 10 week competition or school term)	$109.09	$10.91	$120.00
Pro-Am Matchplay  - 1 Pro, 3 players (per player per one hour session)	$22.73	$2.27	$25.00
Adult competitions (Singles, Doubles, mixed doubles per 10 week competition or school term)	$122.73	$12.27	$135.00
Adult Private coaching per half hour	$36.36	$3.64	$40.00
Adult Private coaching per hour	$68.18	$6.82	$75.00
Junior Programming and Competitions	-	-
Junior competition fee per match	$8.18	$0.82	$9.00
Hot Shots Blue	$90.91	$9.09	$100.00
Hot Shots Red	$90.91	$9.09	$100.00
Red Squad	$163.64	$16.36	$180.00
Hot Shots Orange	$90.91	$9.09	$100.00
Orange Squad	$163.64	$16.36	$180.00
Hot Shots Green	$100.00	$10.00	$110.00
Green Squad	$163.64	$16.36	$180.00
Hot Shots Yellow	$100.00	$10.00	$110.00
Yellow Squad	$163.64	$16.36	$180.00
Group Coaching (per hour)	$10.91	$1.09	$12.00
Private Coaching (per half hour)	$36.36	$3.64	$40.00
Private Coaching (per hour)	$68.18	$6.82	$75.00
Tennis School Holiday Program (per 4 hour clinic)	$45.45	$4.55	$50.00
Sporting Schools Play Program (per child, per week)	$9.00	$0.90	$9.90
Room Hire/Events
Jim Elphick Meeting room (per hour)	$32.73	$3.27	$36.00
Jim Elphick Function room (per hour inc kitchen/bar)	$63.64	$6.36	$70.00
Event staff member per hour	$63.64	$ 6.36	$70.00
Miscellaneous Hire	-	-
Ball Machine (per hour)	$32.73	$3.27	$36.00
Re-stringing (per racquet, not inc strings)	$32.73	$3.27	$36.00
Racquet Hire	$4.55	$0.45	$5.00

 

Wagga Workout
Fee Name	Year 24/25
	Fee (Excl GST)	GST	Total Fee (Inc GST)
Individual Membership
12 month membership	$545.45	$54.55	$600.00
12 month direct debit weekly	$14.55	$1.45	$16.00
12 month membership - Concession/Student	$454.55	$45.45	$500.00
12  month membership - Family (inc 2 adults, 2 children under 18)	$909.09	$90.91	$1,000.00
12 month membership - Family Direct Debit (per week)	$22.73	$ 2.27	$25.00
No contract membership - direct debit weekly (cancel anytime)	$16.36	$1.64	$18.00
No contract membership - joining fee	$90.91	$9.09	$100.00
6 month membership	$409.09	$40.91	$450.00
6 month membership - Concession/Student	$363.64	$36.36	$400.00
6 month membership - family (inc 2 adults, 2 children under 18)	$681.82	$68.18	$750.00
3 month membership	$318.18	$31.82	$350.00
3 month membership - Concession/Student	$272.73	$27.27	$300.00
3 month membership - Family (2 adults, 2 children under 18)	$545.45	$54.55	$600.00
1 month membership	$159.09	$15.91	$175.00
1 month membership - Concession/Student	$136.36	$13.64	$150.00
14 day membership	$104.55	$10.45	$115.00
7 day membership	$68.18	$6.82	$75.00
12 month Gym/Swim Membership	$931.82	$93.18	$1,025.00
6 month Gym/Swim Membership	$727.27	$72.73	$800.00
3 month Gym/Swim Membership	$563.64	$56.36	$620.00
24 Hour access tag (one off fee)	$36.36	$3.64	$40.00
24 hour access tag replacement	$9.09	$0.91	$10.00
Casual Visitation	-	-
Single visit	$15.45	$1.55	$17.00
Single visit - concession/student	$10.91	$1.09	$12.00
Sauna only	$10.91	$1.09	$12.00
Student school group fee (per student - applies to groups only)	$7.27	$0.73	$8.00
Sporting group fee (per player, applies to groups only)	$7.27	$0.73	$8.00
10 visit pass	$136.36	$13.64	$150.00
10 visit pass - Concession/Student	$100.00	$10.00	$110.00
20 visit pass	$200.00	$20.00	$220.00
20 visit pass - Concession/Student	$163.64	$16.36	$180.00
Miscellaneous Hire	-	-
Towel hire	$2.73	$0.27	$3.00
Health Assessment/Fitness testing	$50.00	$5.00	$55.00
Workout Group Fitness room hire inc equipment (per hour)	$36.36	$3.64	$40.00

 

At the Ordinary Meeting of Council, held 28 October 2024 Council resolved:

 

That Council:

a       authorise the General Manager or their delegate to enter into a contract for the purchase of the business known as ‘Wagga Workout’ on the conditions outlined in this report

b       endorse the Council management model for the Jim Elphick Tennis Centre

c        place the following fees and charges on public exhibition for period of 28 days from 30 October 2024 to 27 November 2024

Jim Elphick Tennis Centre
Fee Name	Year 24/25
	Fee (excl GST)	GST	Total Fee (Inc GST)
Casual Hire
ITF Court Hire (per hour, inc lights if applicable)	$22.73	$2.27	$25.00
Community Court Hire (per hour, inc lights if applicable)	$13.64	$1.36	$15.00
Multi Purpose Court Hire (per hour, inc lights if applicable)	$22.73	$2.27	$25.00
Tournament Rate Court Hire (per hour, per court)	$9.09	$0.91	$10.00
School Court Hire (Community Court, per hour)	$9.09	$0.91	$10.00
Adult Programming and Competitions
Social/Competitions (per 10 week competition or school term)	$109.09	$10.91	$120.00
Pro-Am Matchplay  - 1 Pro, 3 players (per player per one hour session)	$22.73	$2.27	$25.00
Adult competitions (Singles, Doubles, mixed doubles per 10 week competition or school term)	$122.73	$12.27	$135.00
Adult Private coaching per half hour	$36.36	$3.64	$40.00
Adult Private coaching per hour	$68.18	$6.82	$75.00
Junior Programming and Competitions	-	-
Junior competition fee per match	$8.18	$0.82	$9.00
Hot Shots Blue	$90.91	$9.09	$100.00
Hot Shots Red	$90.91	$9.09	$100.00
Red Squad	$163.64	$16.36	$180.00
Hot Shots Orange	$90.91	$9.09	$100.00
Orange Squad	$163.64	$16.36	$180.00
Hot Shots Green	$100.00	$10.00	$110.00
Green Squad	$163.64	$16.36	$180.00
Hot Shots Yellow	$100.00	$10.00	$110.00
Yellow Squad	$163.64	$16.36	$180.00
Group Coaching (per hour)	$10.91	$1.09	$12.00
Private Coaching (per half hour)	$36.36	$3.64	$40.00
Private Coaching (per hour)	$68.18	$6.82	$75.00
Tennis School Holiday Program (per 4 hour clinic)	$45.45	$4.55	$50.00
Sporting Schools Play Program (per child, per week)	$9.00	$0.90	$9.90
Room Hire/Events
Jim Elphick Meeting room (per hour)	$32.73	$3.27	$36.00
Jim Elphick Function room (per hour inc kitchen/bar)	$63.64	$6.36	$70.00
Event staff member per hour	$63.64	$ 6.36	$70.00
Miscellaneous Hire	-	-
Ball Machine (per hour)	$32.73	$3.27	$36.00
Re-stringing (per racquet, not inc strings)	$32.73	$3.27	$36.00
Racquet Hire	$4.55	$0.45	$5.00

 

Wagga Workout
Fee Name	Year 24/25
	Fee (Excl GST)	GST	Total Fee (Inc GST)
Individual Membership
12 month membership	$545.45	$54.55	$600.00
12 month direct debit weekly	$14.55	$1.45	$16.00
12 month membership - Concession/Student	$454.55	$45.45	$500.00
12  month membership - Family (inc 2 adults, 2 children under 18)	$909.09	$90.91	$1,000.00
12 month membership - Family Direct Debit (per week)	$22.73	$ 2.27	$25.00
No contract membership - direct debit weekly (cancel anytime)	$16.36	$1.64	$18.00
No contract membership - joining fee	$90.91	$9.09	$100.00
6 month membership	$409.09	$40.91	$450.00
6 month membership - Concession/Student	$363.64	$36.36	$400.00
6 month membership - family (inc 2 adults, 2 children under 18)	$681.82	$68.18	$750.00
3 month membership	$318.18	$31.82	$350.00
3 month membership - Concession/Student	$272.73	$27.27	$300.00
3 month membership - Family (2 adults, 2 children under 18)	$545.45	$54.55	$600.00
1 month membership	$159.09	$15.91	$175.00
1 month membership - Concession/Student	$136.36	$13.64	$150.00
14 day membership	$104.55	$10.45	$115.00
7 day membership	$68.18	$6.82	$75.00
12 month Gym/Swim Membership	$931.82	$93.18	$1,025.00
6 month Gym/Swim Membership	$727.27	$72.73	$800.00
3 month Gym/Swim Membership	$563.64	$56.36	$620.00
24 Hour access tag (one off fee)	$36.36	$3.64	$40.00
24 hour access tag replacement	$9.09	$0.91	$10.00
Casual Visitation	-	-
Single visit	$15.45	$1.55	$17.00
Single visit - concession/student	$10.91	$1.09	$12.00
Sauna only	$10.91	$1.09	$12.00
Student school group fee (per student - applies to groups only)	$7.27	$0.73	$8.00
Sporting group fee (per player, applies to groups only)	$7.27	$0.73	$8.00
10 visit pass	$136.36	$13.64	$150.00
10 visit pass - Concession/Student	$100.00	$10.00	$110.00
20 visit pass	$200.00	$20.00	$220.00
20 visit pass - Concession/Student	$163.64	$16.36	$180.00
Miscellaneous Hire	-	-
Towel hire	$2.73	$0.27	$3.00
Health Assessment/Fitness testing	$50.00	$5.00	$55.00
Workout Group Fitness room hire inc equipment (per hour)	$36.36	$3.64	$40.00

 

d       authorise the affixing of Council’s common seal as required

e       approve the budget variation/s as detailed in the Financial Implications section of the report relating to the 2024/25 financial year

f         include the proposed budget amendments to the future financial years during the 2025/26 Long Term Financial Plan budget process as detailed in the financial implications section of the report

 

Following the resolution the fees and charges were placed on public exhibition for 28 days. 8 online submissions were received along with a separate direct email from the South Wagga Tennis Club to the Manager Oasis.

 

 

Submission	Staff Comment
The fee structure for the Jim Elphick Tennis Centre proposed by WWCC seems to be fair and reasonable with some concerns. 1.Membership- there is no mention in the fee structure of membership to the Jim Elphick Tennis Centre although is listed in the fee structure for the Oasis and Gym complex. This was a key feature in the announcement.  Membership to all facilities needs to be individual or joint and there should be no disadvantage in cost to just join the tennis centre. What are the advantages of becoming a member of the tennis centre and the effect on the fee structure for example as a member would you get discount court hire. 2. Lighting- To hire a court should be less if you do not need lights.         3. Court Surfaces -there is a significant cost difference in hiring an ITF court as opposed to Community court hire. Difference of $5 rather than $10 would be more equitable. The fee structure should not detract from other tennis venues in Wagga.	1. A report on a suite of individual and combined facility membership options will be presented to the 20 January 2025 Council Meeting with the view to placing the options and associated fees on public exhibition.                                2. A standardised pricing structure has been established to reduce the complexity of the venue fees and charges.  This was established in consideration of the highly efficient LED lights that have been installed during the project.     3.It is proposed to reduce the ITF charge by $5 to $20 inc GST and establish a $5 gap between the ITF and Community Courts.
Submission made via email 27/11/2024 due to the character limit. (Attachment 1)	The Oasis Manager met with the South Wagga Tennis Club on the 3 December and had wide ranging discussions on venue operations, staffing, tournaments, competitions etc.   Feedback on the fees and charges included that the fees were too cheap for court hire compared to SWTC.  The current pricing has been developed in consideration of the venue being operated in a cost-effective manner while also providing facilities that are affordable for use by the community.   Membership Options will be considered within the report to the 20 January 2025 Council Meeting.
The gym and pool membership fees are way too expensive particularly for people on low incomes and older people.	There are current concession options for both the Oasis and Workout Gym. Both the pool and gym are below market rates when comparing with other similar facilities and other councils.   Membership Options will be considered within the report to the 20 January 2025 Council Meeting.
I think it would be good to broaden the terms of the family membership for the gym. Very few people that attend Workout have kids under 18 that attend the gym. It would be useful for quite a few that have dependent university/other students/children over 18 living at the same address to be included as a family. Can you please consider this.	This will be considered within the Membership Options report to the 20 January 2025 Council Meeting.
I currently participate in the over 50 exercise class at the Oasis. Can not see any reference to it in the price schedule. is it to continues? and at what cost pls?	Yes, this is continuing with no change
I’d like to know if existing contracts with a set membership fee with Workout will be honoured and remain intact for the period of membership.	Yes, memberships are being honoured unchanged
This is very exciting news!! Is there an opportunity to have a combined pool and gym family membership? I can't see one listed and this is something we would be interested in and possibly others. Thanks very much.	This will be considered within the Membership Options report to the 20 January 2025 Council Meeting.
I believe the gym and pool costs are prohibitively for low-income earners and people on Centrelink benefits. If this is a council run facility it should be as accessible and affordable as possible especially to those who are vulnerable to health challenges.	There are current concession options for both the Oasis and Workout Gym. Both the pool and gym are below market rates when comparing with other similar facilities and other councils.   Memberships will be considered within the Membership Options report to the 20 January 2025 Council Meeting.

 

Staff have considered the feedback received and are proposing one change to the exhibited fees being the ITF Court Hire.  It is proposed that this fee be amended to:

Fee Name	Year 24/25
	Fee (excl GST)	GST	Total Fee (Inc GST)
Casual Hire
ITF Court Hire (per hour, inc lights if applicable)	$18.18	$1.82	$20.00

 

The reason for this change is that it is recognised that the gap between community courts and ITF courts was on the larger end of the scale, and it is anticipated that the revised change will lead to additional usage of the ITF courts.

 

These facilities fees and charges have been factored into Council’s amended operating income budget for the 2024/25 Long Term Financial Plan.

Local Government Act 1993

Chapter 15, Part 10, Division 1:

·    Section 608 Council fees for services

Chapter 15, Part 10, Division 2:

·    Section 610B Fees to be determined in accordance with pricing methodologies

Chapter 15, Part 10, Division 3:

·    Section 610D How does a council determine the amount of a fee for service?

·    Section 610F Public notice of fees

Local Government (General) Regulation 2021

Regulation 201 Annual statement of council’s revenue policy

 

Safe and Healthy Community

Objective: Our community embraces healthier lifestyle choices and practices

Promote access and participation for all sections of the community to a full range of sports and recreational activities

Without adequate revenue to cover the costs of operating the recreational facilities they may not remain financially sustainable into the future.

 

Mail

Traditional Media

Community Engagement

Digital

Rates notices insert

Direct mail

Letterbox drop

Council news

Media release

Media opportunity

TV/radio advertising

One-on-one meeting(s)

Community meeting(s)

Stakeholder workshop(s)

Drop-in session(s)

Survey/feedback form(s)

Have your Say

Email newsletter

Social media

Website

Inform

X

X

X

X

 

In addition to this an email (Attachment 2) was sent to local tennis stakeholders informing them of the 28 October resolution and inviting them to make a submission on the fees and charges.

 

The Oasis Manager also attended the committee meeting of the South Wagga Tennis Club on 3 December to respond to questions and discuss the sport of tennis more broadly.

 

During the public exhibition period 193 visitors to the Hay Your Say page during the exhibition period.

 

 

1⇩.	Email received from South Wagga Tennis
2⇩.	Correspondence to tennis stakeholders

 

 

Report submitted to the Ordinary Meeting of Council on Monday 16 December 2024

RP-3

 

Report submitted to the Ordinary Meeting of Council on Monday 16 December 2024

RP-3

 

Report submitted to the Ordinary Meeting of Council on Monday 16 December 2024

RP-4

 

RP-4               FINANCIAL PERFORMANCE REPORT AS AT 30 NOVEMBER 2024

Author:          Carolyn Rodney 

         

 

Summary:

This report is for Council to consider information presented on the 2024/25 budget and Long-Term Financial Plan, and details Council’s external investments and performance as at 30 November 2024.

 

 

That Council:

a       approve the proposed 2024/25 budget variations for the month ended 30 November 2024 and note the balanced budget position as presented in this report

b       approve the proposed budget variations to the 2024/25 Long Term Financial Plan Capital Works Program including new projects and timing adjustments

c        note the Responsible Accounting Officer’s reports, in accordance with the Local Government (General) Regulation 2021 (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 November 2024 in accordance with section 625 of the Local Government Act 1993

Wagga Wagga City Council (Council) forecasts a balanced budget position as of 30 November 2024.

 

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 November when compared to budget ($469,301 up on the monthly budget). This is mainly due to better than budgeted returns on Council’s investment portfolio as a result of the recent interest rate movements, as well as a higher than anticipated investment portfolio balance.

 

Key Performance Indicators

 

 

OPERATING INCOME

Total operating income is 43% of approved budget and is tracking close to budget for the month of November 2024. 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 76% when compared to budget.

 

OPERATING EXPENSES

Total operating expenditure is 44% of approved budget and is tracking slightly over budget at this stage of the financial year. This is due to the payment of annual one-off expenses such as rates and insurances.

 

CAPITAL INCOME

Total capital income is 57% of approved budget, which is mainly attributed to the Accelerated Infrastructure Fund (AIF) grant funding that has been received. It is important to note that the actual income from capital is influenced by the timing of the receipt of capital grants and contributions in relation to expenditure incurred on the projects.

 

CAPITAL EXPENDITURE

Total capital expenditure including commitments is 18% of approved budget including pending projects. Excluding commitments, the total expenditure is 9% when compared to the approved budget. The capital project budgets are currently being reviewed and will be reported back to Council to accurately reflect the capital works program.

 

 

 

2024/25 Revised Budget Result – (Surplus) / Deficit	$’000s
Original 2024/25 Budget Result as adopted by Council Total Budget Variations approved to date Budget Variations for November 2024	$0K $0K $0K
Proposed Revised Budget result for 30 November 2024 - (Surplus) / Deficit	$0K

 

The proposed Operating and Capital Budget Variations for 30 November 2024 which affect the current 2024/25 financial year are listed below.

 

 

 

2024/25 Capital Works Summary

 

As a result of the above variations $320,000 will be moved into the Confirmed budget for 2024/25. These figures will be reflected next month after Council adopt the reset as per RP-1.

 

 

Current Restrictions

 

RESERVES SUMMARY
30 NOVEMBER 2024
	CLOSING BALANCE 2023/24	ADOPTED RESERVE TRANSFERS 2024/25	BUDGET VARIATIONS APPROVED UP TO COUNCIL MEETING 25.11.2024	PROPOSED CHANGES for Council Resolution*	BALANCE AS AT 30 NOVEMBER 2024
Externally Restricted
Developer Contributions - Section 7.11	(35,346,092)	3,828,593	6,107,271		(25,410,229)
Developer Contributions - Section 7.12	(849,883)	(28,096)	0		(877,979)
Developer Contributions - Stormwater Section 64	(8,765,571)	131,291	110,565		(8,523,715)
Sewer Fund	(52,652,543)	(276,425)	10,992,699	230,000	(41,706,268)
Solid Waste	(31,897,464)	2,924,014	7,513,181		(21,460,270)
Specific Purpose Unexpended Grants & Contributions	(58,467,746)	0	58,467,746		0
SRV Levee Reserve	(6,230,711)	0	0		(6,230,711)
Stormwater Levy	(5,505,698)	2,772,743	719,289		(2,013,667)
Total Externally Restricted	(199,715,707)	9,352,119	83,910,749	230,000	(106,222,838)
Internally Restricted
Additional Special Variation (ASV)	(934,841)	934,841	0		0
Airport	0	0	0		0
Art Gallery	(15,398)	(6,000)	0		(21,398)
Bridge Replacement	(277,544)	0	277,544		0
Buildings	(3,386,635)	77,514	122,179	30,000	(3,156,943)
CCTV	(34,995)	0	0		(34,995)
Cemetery	(1,378,480)	(204,757)	129,870		(1,453,366)
Civic Theatre	(95,013)	(21,237)	30,000		(86,250)
Civil Infrastructure	(11,521,350)	696,586	5,200,493		(5,624,271)
Council Election	(427,970)	372,507	0		(55,463)
Economic Development	(361,938)	18,358	291,936		(51,645)
Emergency Events Reserve	(252,702)	(109,381)	0		(362,084)
Employee Leave Entitlements Gen Fund	(3,607,285)	0	0		(3,607,285)
Environmental Conservation	(116,578)	0	0		(116,578)
Event Attraction	(962,294)	91,784	601,625		(268,885)
Financial Assistance Grants in Advance	(10,947,037)	0	10,947,037		0
Grant Co-Funding	(500,000)	180,000	140,000		(180,000)
Gravel Pit Restoration	(790,095)	3,333	222,825		(563,936)
Information Services	(2,387,681)	1,037,601	290,000		(1,060,080)
Insurance Variations	(50,000)	0	0		(50,000)
Internal Loans	(7,841,730)	(149,108)	748,574		(7,242,264)
Lake Albert Improvements	(741,740)	(21,261)	707,783		(55,218)
Library	(400,985)	(237,430)	0		(638,415)
Livestock Marketing Centre	(8,324,132)	1,013,875	5,056,146		(2,254,111)
Museum Acquisitions	(48,476)	4,378	0		(44,099)

 

 

 

 

 

 

 

 

 

 

Investment Summary as at 30 November 2024

In accordance with Regulation 212 of the Local Government (General) Regulation 2021, details of Wagga Wagga City Council’s external investments are outlined below.

Institution	Rating	Closing Balance Invested 31/10/2024 $	Closing Balance Invested 31/11/2024 $	November EOM Current Yield %	November EOM % of Portfolio	Investment Date	Maturity Date	Term (months)
At Call Accounts
NAB	AA-	342,430	613,103	4.35%	0.20%	N/A	N/A	N/A
CBA	AA-	14,403,240	20,408,038	4.35%	6.81%	N/A	N/A	N/A
CBA	AA-	7,758,358	7,787,351	4.40%	2.60%	N/A	N/A	N/A
Macquarie Bank	A+	9,855,298	9,888,497	4.15%	3.30%	N/A	N/A	N/A
CBA	AA-	48,562,105	48,741,519	4.35%	16.27%	N/A	N/A	N/A
Total At Call Accounts		80,921,432	87,438,507	4.33%	29.19%
Short Term Deposits
AMP	BBB+	1,000,000	0	0.00%	0.00%	15/11/2023	15/11/2024	12
Australian Unity	BBB+	1,000,000	0	0.00%	0.00%	27/11/2023	27/11/2024	12
Suncorp	AA-	2,000,000	0	0.00%	0.00%	30/11/2023	29/11/2024	12
ING Bank	A	1,000,000	0	0.00%	0.00%	30/11/2023	29/11/2024	12
BankVic	BBB+	1,000,000	1,000,000	5.45%	0.33%	4/12/2023	4/12/2024	12
AMP	BBB+	2,000,000	2,000,000	5.35%	0.67%	14/12/2023	16/12/2024	12
Australian Unity	BBB+	1,000,000	1,000,000	5.19%	0.33%	30/01/2024	30/01/2025	12
Suncorp	AA-	1,000,000	1,000,000	5.12%	0.33%	7/03/2024	7/03/2025	12
ING Bank	A	1,000,000	1,000,000	5.31%	0.33%	3/06/2024	3/06/2025	12
BankVic	BBB+	2,000,000	2,000,000	5.34%	0.67%	26/06/2024	26/06/2025	12
Bank of Sydney	NR	2,000,000	2,000,000	5.47%	0.67%	28/06/2024	30/06/2025	12
NAB	AA-	1,000,000	1,000,000	5.30%	0.33%	30/07/2024	30/07/2025	12
NAB	AA-	2,000,000	2,000,000	5.45%	0.67%	2/07/2024	2/07/2025	12
NAB	AA-	2,000,000	2,000,000	5.40%	0.67%	8/07/2024	8/07/2025	12
Suncorp	AA-	1,000,000	1,000,000	5.43%	0.33%	10/07/2024	10/07/2025	12
NAB	AA-	2,000,000	2,000,000	5.03%	0.67%	27/08/2024	27/08/2025	12
ICBC	A	0	1,000,000	5.20%	0.33%	14/11/2024	14/11/2025	12
NAB	AA-	0	2,000,000	5.11%	0.67%	28/11/2024	28/11/2025	12
MyState	BBB	0	2,000,000	5.10%	0.67%	29/11/2024	29/11/2025	12
Total Short Term Deposits		23,000,000	23,000,000	5.28%	7.68%
Medium Term Deposits
Westpac	AA-	2,000,000	2,000,000	1.32%	0.67%	28/06/2021	29/06/2026	60
Westpac	AA-	2,000,000	2,000,000	1.80%	0.67%	15/11/2021	17/11/2025	48
ICBC	A	2,000,000	0	0.00%	0.00%	6/11/2019	6/11/2024	60
ICBC	A	2,000,000	0	0.00%	0.00%	28/11/2019	28/11/2024	60
BOQ	A-	1,000,000	1,000,000	2.00%	0.33%	28/02/2020	28/02/2025	60
Police Credit Union	NR	1,000,000	1,000,000	2.20%	0.33%	1/04/2020	1/04/2025	60
ICBC	A	1,000,000	1,000,000	1.85%	0.33%	29/05/2020	29/05/2025	60
ICBC	A	1,000,000	1,000,000	1.86%	0.33%	1/06/2020	2/06/2025	60
ICBC	A	2,000,000	2,000,000	1.75%	0.67%	25/06/2020	25/06/2025	60
ICBC	A	2,000,000	2,000,000	1.75%	0.67%	25/06/2020	25/06/2025	60
ICBC	A	3,000,000	3,000,000	5.07%	1.00%	30/06/2022	30/06/2027	60
ICBC	A	2,000,000	2,000,000	1.50%	0.67%	17/08/2020	18/08/2025	60
BoQ	A-	1,000,000	1,000,000	1.25%	0.33%	7/09/2020	8/09/2025	60
BoQ	A-	2,000,000	2,000,000	1.25%	0.67%	14/09/2020	15/09/2025	60
ICBC	A	1,000,000	1,000,000	1.20%	0.33%	7/12/2020	8/12/2025	60
NAB	AA-	2,000,000	2,000,000	0.95%	0.67%	29/01/2021	29/01/2026	60
NAB	AA-	1,000,000	1,000,000	1.08%	0.33%	22/02/2021	20/02/2026	60
NAB	AA-	2,000,000	2,000,000	1.25%	0.67%	3/03/2021	2/03/2026	60
NAB	AA-	2,000,000	2,000,000	1.40%	0.67%	21/06/2021	19/06/2026	60
Westpac	AA-	2,000,000	2,000,000	1.32%	0.67%	25/06/2021	25/06/2026	60
ICBC	A	1,000,000	1,000,000	1.32%	0.33%	25/08/2021	25/08/2026	60
Westpac	AA-	2,000,000	0	0.00%	0.00%	30/11/2021	29/11/2024	36
Westpac	AA-	2,000,000	2,000,000	2.00%	0.67%	8/02/2022	10/02/2025	36
P&N Bank	BBB+	2,000,000	2,000,000	2.40%	0.67%	9/03/2022	10/03/2025	36
P&N Bank	BBB+	2,000,000	2,000,000	4.90%	0.67%	11/03/2024	11/03/2026	24
MyState	BBB	2,000,000	2,000,000	2.20%	0.67%	2/03/2022	3/03/2025	36
CBA	AA-	2,000,000	2,000,000	3.99%	0.67%	4/05/2022	5/05/2025	36
ING Bank	A	1,000,000	1,000,000	5.11%	0.33%	23/05/2024	25/05/2026	24
BoQ	A-	1,000,000	1,000,000	4.50%	0.33%	7/07/2022	7/07/2025	36
CBA	AA-	1,000,000	1,000,000	4.25%	0.33%	12/08/2022	12/08/2025	36
P&N Bank	BBB+	3,000,000	3,000,000	4.55%	1.00%	29/08/2022	29/08/2025	36
Australian Military Bank	BBB+	2,000,000	2,000,000	4.55%	0.67%	2/09/2022	2/09/2025	36
P&N Bank	BBB+	1,000,000	1,000,000	4.40%	0.33%	9/09/2022	9/09/2025	36
ICBC	A	2,000,000	2,000,000	5.20%	0.67%	21/10/2022	21/10/2025	36
AMP	BBB+	1,000,000	0	0.00%	0.00%	15/11/2022	14/11/2024	24
AMP	BBB+	1,000,000	1,000,000	4.80%	0.33%	21/11/2022	20/11/2025	36
P&N Bank	BBB+	2,000,000	2,000,000	4.75%	0.67%	16/12/2022	16/12/2024	24
Police Credit Union	NR	2,000,000	2,000,000	5.04%	0.67%	15/02/2023	17/02/2025	24
Police Credit Union	NR	2,000,000	2,000,000	4.94%	0.67%	14/03/2023	14/03/2025	24
P&N Bank	BBB+	2,000,000	2,000,000	5.00%	0.67%	14/03/2023	15/03/2027	48
Hume Bank	BBB+	2,000,000	2,000,000	4.75%	0.67%	31/03/2023	31/03/2025	24
Auswide	BBB	2,000,000	2,000,000	4.95%	0.67%	13/04/2023	13/04/2026	36
P&N Bank	BBB+	2,000,000	2,000,000	5.20%	0.67%	20/04/2023	20/04/2027	48
P&N Bank	BBB+	1,000,000	1,000,000	5.20%	0.33%	26/05/2023	26/05/2026	36
ING Bank	A	2,000,000	2,000,000	5.38%	0.67%	28/06/2024	28/06/2029	60
ING Bank	A	2,000,000	2,000,000	5.37%	0.67%	21/08/2023	21/08/2025	24
ING Bank	A	0	1,000,000	4.90%	0.33%	29/11/2024	29/11/2026	24
P&N Bank	BBB+	1,000,000	1,000,000	5.45%	0.33%	30/11/2023	28/11/2025	24
ING Bank	A	2,000,000	2,000,000	5.20%	0.67%	14/12/2023	15/12/2025	24
ING Bank	A	2,000,000	2,000,000	5.14%	0.67%	3/01/2024	5/01/2026	24
P&N Bank	BBB+	2,000,000	2,000,000	5.10%	0.67%	4/01/2024	4/01/2027	36
Suncorp	AA-	1,000,000	1,000,000	5.08%	0.33%	8/01/2024	8/01/2026	24
Australian Unity	BBB+	1,000,000	1,000,000	4.93%	0.33%	7/03/2024	9/03/2026	24
ING Bank	A	2,000,000	2,000,000	5.10%	0.67%	23/04/2024	24/04/2028	48
NAB	AA-	2,000,000	2,000,000	5.10%	0.67%	6/05/2024	6/05/2026	24
ING Bank	A	1,000,000	1,000,000	5.12%	0.33%	24/05/2024	24/05/2027	36
ING Bank	A	1,000,000	1,000,000	5.26%	0.33%	31/05/2024	31/05/2028	48
ING Bank	A	2,000,000	2,000,000	5.26%	0.67%	6/06/2024	6/06/2028	48
Australian Military Bank	BBB+	1,000,000	1,000,000	5.20%	0.33%	11/06/2024	11/06/2026	24
Australian Military Bank	BBB+	2,000,000	2,000,000	5.20%	0.67%	11/06/2024	11/06/2026	24
BankVIC	BBB+	2,000,000	2,000,000	4.65%	0.67%	27/08/2024	27/08/2026	24
ING Bank	A	2,000,000	2,000,000	4.63%	0.67%	30/08/2024	30/08/2026	24
ING Bank	A	1,000,000	1,000,000	4.51%	0.33%	16/09/2024	18/09/2028	48
Westpac	AA-	2,000,000	2,000,000	4.45%	0.67%	27/09/2024	28/09/2026	24
ING Bank	A	2,000,000	2,000,000	4.79%	0.67%	17/10/2024	19/10/2026	24
Westpac	AA-	1,000,000	1,000,000	4.70%	0.33%	8/10/2024	8/10/2026	24
Westpac	AA-	2,000,000	2,000,000	4.73%	0.67%	21/10/2024	21/10/2027	36
Hume Bank	BBB+	0	2,000,000	4.95%	0.67%	7/11/2024	7/11/2026	24
ING Bank	A	0	2,000,000	5.02%	0.67%	14/11/2024	16/11/2026	24
ING Bank	A	0	1,000,000	5.00%	0.33%	27/11/2024	27/11/2026	24
ING Bank	A	0	2,000,000	5.07%	0.67%	28/11/2024	28/11/2028	48
Total Medium Term Deposits		111,000,000	112,000,000	3.92%	37.39%
Floating Rate Notes - Senior Debt
NAB	AA-	2,004,426	2,012,000	BBSW + 77	0.67%	21/01/2020	21/01/2025	60
Newcastle Permanent	BBB+	1,115,233	1,104,886	BBSW + 112	0.37%	4/02/2020	4/02/2025	60
Macquarie Bank	A+	2,024,987	2,006,443	BBSW + 84	0.67%	12/02/2020	12/02/2025	60
BOQ Covered	AAA	558,070	552,850	BBSW + 107	0.18%	14/05/2020	14/05/2025	60
UBS	A+	1,504,746	1,510,476	BBSW + 87	0.50%	30/07/2020	30/07/2025	60
CBA	AA-	2,009,771	2,017,239	BBSW + 70	0.67%	14/01/2022	14/01/2027	60
Rabobank	A+	2,004,763	2,011,575	BBSW + 73	0.67%	27/01/2022	27/01/2027	60
Newcastle Permanent	BBB+	1,013,140	1,003,201	BBSW + 100	0.33%	10/02/2022	10/02/2027	60
NAB	AA-	2,428,845	2,406,936	BBSW + 72	0.80%	25/02/2022	25/02/2027	60
Bendigo-Adelaide	A-	1,664,029	1,670,465	BBSW + 98	0.56%	17/03/2022	17/03/2025	36
ANZ	AA-	2,039,878	2,020,678	BBSW + 97	0.67%	12/05/2022	12/05/2027	60
NAB	AA-	1,720,730	1,704,565	BBSW + 90	0.57%	30/05/2022	30/05/2025	36
Suncorp	AA-	912,872	904,197	BBSW + 93	0.30%	22/08/2022	22/08/2025	36
ANZ	AA-	2,570,054	2,544,188	BBSW + 120	0.85%	4/11/2022	4/11/2027	60
NAB	AA-	2,562,687	2,536,363	BBSW + 120	0.85%	25/11/2022	25/11/2027	60
Suncorp	AA-	1,124,002	1,127,984	BBSW + 125	0.38%	14/12/2022	14/12/2027	60
CBA	AA-	2,032,007	2,039,119	BBSW + 115	0.68%	13/01/2023	13/01/2028	60
Bank Australia	BBB+	1,943,580	1,923,647	BBSW + 155	0.64%	22/02/2023	22/02/2027	48
Bendigo-Adelaide Covered	AAA	1,019,139	1,023,528	BBSW + 115	0.34%	16/06/2023	16/06/2028	60
CBA	AA-	2,545,102	2,519,987	BBSW + 95	0.84%	17/08/2023	17/08/2028	60
ANZ	AA-	2,128,657	2,136,281	BBSW + 93	0.71%	11/09/2023	11/09/2028	60
Bank Australia	BBB+	1,663,822	1,671,813	BBSW + 150	0.56%	30/10/2023	30/10/2026	36
ANZ	AA-	2,549,109	2,525,632	BBSW + 96	0.84%	5/02/2024	5/02/2029	60
ANZ	AA-	1,011,499	1,015,864	BBSW + 98	0.34%	19/03/2024	19/03/2029	60
ING Bank	A	505,414	507,537	BBSW + 95	0.17%	22/03/2024	22/03/2027	36
BoQ	A-	1,665,354	1,672,376	BBSW + 128	0.56%	30/04/2024	30/04/2029	60
Bendigo-Adelaide	A-	813,731	806,173	BBSW + 100	0.27%	14/05/2024	14/05/2027	36
ANZ	AA-	1,513,041	1,519,521	BBSW + 86	0.51%	18/06/2024	18/06/2029	60
Teachers Mutual	BBB+	912,910	916,619	BBSW + 130	0.31%	21/06/2024	21/06/2027	36
ING Bank	A	2,231,251	2,210,983	BBSW + 102	0.74%	20/08/2024	20/08/2029	60
CBA	AA-	1,520,870	1,505,991	BBSW + 87	0.50%	22/08/2024	22/08/2029	60
Suncorp	AA-	2,417,023	2,426,438	BBSW + 92	0.81%	27/09/2024	27/09/2029	60
Bendigo-Adelaide	A-	749,978	755,015	BBSW + 96	0.25%	24/10/2024	24/10/2028	48
Total Floating Rate Notes - Senior Debt		54,480,722	54,310,569		18.13%
Fixed Rate Bonds
ING Covered	AAA	705,271	708,717	1.10%	0.24%	19/08/2021	19/08/2026	60
Northern Territory Treasury	AA-	3,000,000	3,000,000	1.00%	1.00%	24/08/2021	16/12/2024	40
Northern Territory Treasury	AA-	3,000,000	3,000,000	1.50%	1.00%	24/08/2021	15/12/2026	64
BoQ	A-	1,797,400	1,807,470	2.10%	0.60%	27/10/2021	27/10/2026	60
BoQ	A-	2,011,127	2,032,087	5.30%	0.68%	30/04/2024	30/04/2029	60
Northern Territory Treasury	AA-	2,000,000	2,000,000	1.50%	0.67%	6/08/2021	15/12/2026	64
Northern Territory Treasury	AA-	1,000,000	1,000,000	1.50%	0.33%	14/07/2021	15/12/2026	65
Northern Territory Treasury	AA-	2,000,000	2,000,000	1.30%	0.67%	29/04/2021	15/06/2026	61
Northern Territory Treasury	AA-	2,000,000	2,000,000	1.00%	0.67%	30/11/2020	15/12/2025	60
Northern Territory Treasury	AA-	1,000,000	1,000,000	1.00%	0.33%	20/11/2020	15/12/2025	61
Northern Territory Treasury	AA-	2,000,000	2,000,000	1.00%	0.67%	21/10/2020	15/12/2025	62
Total Fixed Rate Bonds		20,513,798	20,548,275	1.70%	6.86%
Managed Funds
NSW Tcorp	NR	2,150,017	2,208,162	2.70%	0.74%	17/03/2014	1/11/2029	187
Total Managed Funds		2,150,017	2,208,162	2.70%	0.74%
TOTAL CASH ASSETS, CASH EQUIVALENTS & INVESTMENTS		292,065,969	299,505,512		100.00%

 

 

Council’s investment portfolio is dominated by Term Deposits, equating to approximately 45% of the portfolio across a broad range of counterparties. Cash equates to 29%, with Floating Rate Notes (FRNs) around 18%, fixed rate bonds around 7% and growth funds around 1% of the portfolio.

 

 

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

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

Investment Portfolio Balance

 

Council’s investment portfolio balance increased over the past month, up from $292.07M to $299.51M. This increase is reflective of the second quarter rates instalments being due at the end of November.

 

 

Monthly Investment Movements

 

Redemptions/Sales – Council redeemed/sold the following investment securities during November 2024:

 

 

New Investments – Council purchased the following investment securities during November 2024:

 

 

Rollovers – Council rolled over the following investment security during November 2024:

 

 

 

Monthly Investment Performance

 

Interest/growth/capital gains/(losses) for the month totalled $1,059,555, which compares favourably with the budget for the period of $590,254 - outperforming budget for the month by $469,301.

 

Council’s outperformance to budget for November is mainly due to better than budgeted returns on Councils investment portfolio as well as a higher than anticipated investment portfolio balance. This is a result of the recent movements in the cash rate made by the Reserve Bank of Australia, with the latest increase in early November 2023 bringing the cash rate to 4.35% from a record low of 0.10% in April 2022.

 

Council experienced a positive return on its NSW T-Corp Managed Fund for the month of November, with the fund returning +2.70% (or $58,145) as domestic (+3.79%) and international (+4.50%) shares rebounded strongly over the month.

 

 

In comparison to the AusBond Bank Bill Index* of 4.48% (annualised), Council’s investment portfolio returned 4.48% (annualised) for the month of November. This month’s performance was in line the benchmark return. Detracting from performance this month were the fixed assets (deposits and bonds), with a proportion of assets locked in prior to the unexpected RBA rate hike cycle.

 

On Cash and At‑Call accounts returned 4.35% (annualised) for the month. These funds are utilised for daily cash flow management and need to be available to meet operating and contractual payments as they fall due.

 

Over the past year, Council’s investment portfolio has returned 4.12%, marginally underperforming the AusBond Bank Bill index by -0.34%. Councils investment portfolio has continued to outperform the AusBond Bank Bill Index* over the longer-term time period, returning 3.07% per annum over the past 3 years – outperforming the benchmark by 0.01% over this time.

 

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

Report by Responsible Accounting Officer

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

 

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

 

Local Government Act 1993

Section 625 - How may councils invest?

 

Local Government (General) Regulation 2021

Section 212 - Reports on council investments

 

 

Community leadership and collaboration

Objective: Wagga Wagga City Council leads through engaged civic governance and is recognised and distinguished by its ethical decision-making, efficient management, innovation and quality customer service

Ensure transparency and accountability

 

 

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

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

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

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

 

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