Agenda and
Business Paper

 

Ordinary Meeting of Council

 

 

 

To be held on
Monday 26 May 2025

at 6:00 PM

 

 

 

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 26 May 2025

ORDER OF BUSINESS:

CLAUSE               PRECIS                                                                                                  PAGE

ACKNOWLEDGEMENT OF COUNTRY                                                                                   2

REFLECTION                                                                                                                         2

APOLOGIES                                                                                                                          2

Confirmation of Minutes

CM-1           CONFIRMATION OF MINUTES - ORDINARY COUNCIL MEETING - 12 MAY 2025                                                                                                                           2

DECLARATIONS OF INTEREST                                                                                            2

Reports from Staff

RP-1            WAGGA TO LADYSMITH RAIL TRAIL                                                                3

RP-2            LEP24/0001 - Planning Proposal - 92 Cooramin St, Cartwrights Hill                                                                                                                       16

RP-3            Dedication of Community Land as Public Road - 55 Plumpton Road, Lake Albert                                                                                                             21

RP-4            FINANCIAL PERFORMANCE REPORT AS AT 30 APRIL 2025                            24

RP-5            Gregadoo Road Corridor Strategy amendment to Wagga Wagga Local Infrastructure Contributions Plan                                                     56

RP-6            EXTENSION OF RFT 2023-13 PLACEMENT OF INSURANCE AND PROVISION OF RISK ADVISORY SERVICES                                                                                        62

RP-7            QUESTIONS WITH NOTICE                                                                                64

Confidential Reports

CONF-1       APPOINTMENT OF SISTER CITY WORKING GROUP MEMBERS                       68

 

 

 

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         CONFIRMATION OF MINUTES - ORDINARY COUNCIL MEETING - 12 MAY 2025         

Recommendation That the Minutes of the proceedings of the Ordinary Council Meeting held on 12 May 2025 be confirmed as a true and accurate record.

 

1⇩.

Minutes - Ordinary Council Meeting - 12 May 2025

69

 

 

DECLARATIONS OF INTEREST

Report submitted to the Ordinary Meeting of Council on Monday 26 May 2025

RP-1

 

Reports from Staff

RP-1               WAGGA TO LADYSMITH RAIL TRAIL

Author:         Ben Creighton 

Executive:    Fiona Piltz

         

 

Summary:

This report provides a detailed overview of the actions undertaken by Council in response to a previous resolution of Council on the Wagga to Ladysmith Rail Trail. The report summarises the outcomes of the project investigations, community engagement, and presents a recommended position for Council’s consideration.

 

 

That Council:

a       note the potential benefits and risks of the proposed Wagga Wagga to Ladysmith Rail Trail project

b       does not proceed to detailed planning of the Wagga Wagga to Ladysmith Rail Trail project due to the significant unfunded capital and ongoing maintenance costs

c        carry out a preliminary inhouse review of the extension of the existing Tumbarumba to Rosewood Rail Trail to Humula

 

At the Ordinary Meeting of Council held 26 July 2021 it was resolved: 

 

That Council:

a.      receive and note the attached petition 

b.      reaffirm its support (as previously adopted in October 2016, February 2014, and February 2008) for the Wagga Wagga to Ladysmith Rail Trail concept to enable interested parties to make submissions for grant funding 

c.       approach State and Federal Governments regarding their current position in relation to rail trails 

d.      undertake a community consultation process with a view to identifying a pathway to pursue a rail trail in the Wagga Wagga Local Government Area (LGA); acknowledging the current active travel plan network 

e.      receive a further report back to Council prior to 30 April 2022 outlining responses to part (c) and (d) of this resolution

 

This report provides a detailed overview of the actions undertaken by Council in response to the above resolution, summarises the outcomes of investigations and community engagement, and presents a recommended position for Council’s consideration.

 

The proposed Wagga Wagga to Ladysmith Rail Trail project would see a sealed, off-road trail connecting Wagga Wagga to the village of Ladysmith. The original trail was proposed to travel from Wagga Wagga CBD to Ladysmith. However, during investigations a revised proposal was considered starting at Forest Hill to align with the Forest Hill Active Travel Plan network.

 

Stakeholders for many decades have lobbied for the development of the trail along the disused Wagga to Tumbarumba Rail corridor providing an accessible route for walking, running, cycling, and commuting between communities.  This has been a divisive issue within the community with Council having previously considered petitions both for and against the proposed rail trail.

Following the Council resolution, a community consultation program was undertaken with landowners, residents, and other stakeholders to understand the community thoughts regarding the Rail Trail. An initial information session and stakeholder meeting were conducted on 24 November 2021. Subsequent engagement activities were carried out throughout early 2022, including written submissions, online consultation opportunities, and direct meetings with impacted landowners.

Feedback received during this process revealed an ongoing significant division within the community. Supporters of the rail trail concept cited the potential benefits to community health, active transport connectivity, tourism growth, and overall regional amenity. Advocates also noted the success of other rail trails in attracting visitors and stimulating local economies. Conversely, opposition to the proposal was strong among many directly impacted landowners. Key concerns raised included:

·      Risks to farm biosecurity from public access through agricultural land

·      Impacts on daily farming operations and access

·      Loss of privacy and potential safety issues for rural residents

·      Legal liability concerns and potential costs associated with fencing, maintenance, and access management

In particular it was noted the proximity of the rail corridor to existing rural buildings.

The consultation undertaken included discussions with representatives from the Council and proponents of the recently constructed Tumbarumba to Ladysmith Rail Trail who successfully worked with landowners with farming properties between Rosewood and Ladysmith.  During the initiation phase of their project, similar concerns were raised by landowners, however through the development of close working relationships with the landowners they were able to resolve most concerns to the point where some on the opposed landowners are now the biggest advocates for the project.

During 2022 Regional NSW released the evaluation report of the pilot rail trail projects and a future framework for Rail Trails development (Attached). In NSW there are two pilot Rail Trail projects being delivered:

1.   The Tumbarumba to Rosewood Rail Trail runs for 21kms through the Snowy Valleys local government area in the Snowy Mountains region. It has been operational since April 2020.

 

2.   The Northern Rivers Rail Trail, currently under development. It will run for 132km when completed and traverse Richmond Valley, Lismore City, Tweed Shire, and Byron Shire local government areas. The first 24km section from Murwillumbah to Crabbes Creek opened on 1 March 2023. with the Casino to Bentley section opened in March 2024, Lismore to Bentley section opened in December 2024 and the Byron Bay section under planning and development.

 

The Rail Trail program was deemed successful. There were inefficiencies in project delivery during the initial stages in both pilot projects, particularly in relation to the legislative amendment process, however, it displayed evidence of delivering positive outcomes against most indicators of success shown below.

 

·    Efficiency of legislative amendment process

o Several opportunities for improvement were identified throughout the process. Of the three indicators, one was considered ‘poor’ due to the time intensive nature of the legislative change process. The other two were considered ‘unsatisfactory’ due to the infancy of the process and level of clarity from agencies around some roles and responsibilities.

 

·    Effectiveness of operational model

o Many aspects of the operational models were effective, particularly how the two pilot projects developed appropriate management structures and governance models, used resources wisely, and built community awareness about the projects.

o Concerns regarding the lack of ongoing funding may impact future maintenance requirements.

o Overall, the effectiveness of the Rail Trails program was considered to have been ‘good.’

 

·    Appropriateness

o The design and delivery of the Tumbarumba to Rosewood Rail Trail was seen to have been appropriate to the needs of the communities it was intending to serve.

o Increasing community awareness over time; increasing positive sentiment over time; and increasing user satisfaction in Tumbarumba all rated ‘excellent.’ Increasing positive sentiment, was rated ‘good.’

 

·    Impact

o The operational impact of the Tumbarumba to Rosewood Rail Trail was considered ‘excellent.’ Two indicators of success were considered, both having performed well, displaying evidence of positive social and economic outcomes.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

In addition to the pilot projects, there have been other developments in Rail Trails. The Monaro Rail Trail project is advancing, with planning funding secured for a section between Queanbeyan and Cooma. The New England Rail Trail, which aimed to repurpose the disused Armidale to Glen Innes rail corridor, has stalled following the withdrawal of State Government funding in late 2024. This decision resulted from significant delays in securing access to the rail corridor, which impeded project progress and prevented the necessary grant deadlines from being met. Local advocates are actively working to secure alternative funding to move the project forward.

 

The NSW Government have developed the Rail Trails Framework to provide clear guidance on the establishment of NSW Rail Trail projects that leverage identified benefits. This identifies Council’s next steps if the Wagga Wagga Rail Trail proposal was to be supported. The below flow chart identifies the planning pathway for the construction and use of a Rail Trail:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Throughout 2024 and early 2025, ongoing consultations with key stakeholders and community representatives continued alongside the detailed technical investigations. Updates were provided to stakeholders as new information became available, including preliminary costings, and government management frameworks.

 

As part of the above resolution, Council officers approached both the State and Federal Governments to seek guidance on current policy positions relating to rail trails.

 

The response indicated that both tiers of government support the development of rail trails, particularly as part of efforts to enhance regional tourism, promote active travel, and diversify local economies. However, it was made clear that support is dependent on projects adhering to the NSW Rail Trails Framework.

 

The Framework, established following the pilot rail trail projects, outlines a thorough set of requirements that Councils must meet before receiving Government endorsement, including:

 

•        Demonstrated strong community support

•        Comprehensive stakeholder consultation, particularly with landowners

•        Detailed feasibility studies and business case preparation

•        Sustainable governance and maintenance models

•        Clear identification of funding sources for construction and long-term maintenance

 

When queried on the varied levels of community support that this proposal is facing, the response from State agencies was that it would be necessary to demonstrate how Council is managing and addressing this division. No clear guidance was provided on how to specifically navigate or resolve the concerns raised by affected landowners.

 

As part of broader discussions around the development of regional rail trails, Council staff have held preliminary discussions with UGL, the current leaseholder of the Wagga to Tumbarumba rail corridor. UGL has previously indicated a willingness to consider agreements that facilitate the use of disused rail corridors for public recreation, including rail trails. While no formal agreement has been sought for the Wagga Wagga to Ladysmith section, it appears UGL’s is open to collaboration.

 

In relation to the Wagga Rail Trail, detailed considerations would need to be made for:

•        Ongoing maintenance

o The trail would require regular ongoing maintenance such as how vegetation and surface are managed

o Thoughts would need to go into who is responsible to deliver this ongoing maintenance

•        Private property access

o The route has 11 property owners bordering the rail corridor.

o 9 of the 11 properties have land either side of the rail trail route

o Allowance for stock and farm machinery crossings e.g., tunnels, culverts

•        Some sections of the proposed route are located on flood plains which would require additional planning and design work

•        Large scale investigation would be required to assess whether the existing rail track can be used to develop the trail on top of the rail

•        The existing wooden bridges are unable to be used. Alternative options would need to be investigated, including new bridges, box culverts etc.

 

The Wagga Rail Trail Strategic Directions and Implementation Plan document has identified the benefits recreation trails as:

•        Health benefits – by providing an accessible and safe environment to encourage physical activity and healthy lifestyles.

•        Social and community benefits – by providing an accessible and cheap transport option for the whole community to use

•        Transport benefits – reduced traffic and parking congestion, reduced individual expenses on vehicle maintenance and more efficient land use and infrastructure to encourage multiple travel options

•        Environmental benefits – reduced energy consumption and air/noise pollution

•        Tourism and economic benefits – Providing infrastructure that will encourage visitors to stay and spend money locally and increase opportunities to organise trail base events and competitions

•        The Rail Trails for NSW Evaluation summary document highlighted evidence of substantial increases in economic activity in the Tumbarumba region across a range of measures since the Rail Trail began operation. Spending in the Tumbarumba region increased by 20 per cent from 2019 to 2020 during the June to December periods (from $14.0 million to $16.9 million). It is difficult to attribute Tumbarumba’s economic increases entirely to the Rail Trail, as some would relate it to the easing of COVID-19 restrictions, ongoing international border closures and a resultant increase in domestic and regional tourism. However, the 20 per cent increase in the Tumbarumba region was well above the state average of 12 per cent and substantially above the Snowy Valleys LGA average of 0.2 per cent. Therefore, this increase from June to December 2020 and beyond suggests the Rail Trail played a significant role.

Council officers undertook technical investigations to update preliminary cost estimates and explore potential design options for the proposed trail. High level costing estimates have been undertaken through Council’s in-house Quantity Surveyor as well as the Cordells construction estimate software. Multiple design options were considered with asphalt, chip seal, compacted aggregate and concrete costings estimated. The total estimated construction costs ranged from $16.8M to $19.65M. Detailed estimated costings for each option have been attached. These costings are significantly higher than previously estimated in documents such as the Wagga Rail Trail Strategic Directions and Implementation Plan which estimated the total order of costs at $9.95M.

It is important to note that these updated cost estimates were developed through desktop studies only. Due to limitations in project funding and the absence of landowner permissions to access the proposed corridor, site-specific costings could not be developed.

Additionally, ongoing operational costs for maintenance have been costed by Council Officers off current rates with estimates ranging from $63,000 to $102,000 per annum. There is no current funding source for these costs. A detailed breakdown of maintenance costs and expected asset life are included below:

A Rapid Business Cost Ratio (BCR) model was developed for the proposed Wagga Wagga Rail Trail project in line with State and Federal Government Treasury guidelines. Benefits measured within the model from the proposal included Tourism, Health, Environmental, Safety and Amenity over a 20-year time horizon and these were weighed against project Capital, Operating and Maintenance expenses. Benefits and Expenses were calculated on a Net Present Value basis as per guidelines using a 5% discount rate.

A positive BCR of 1.14 was recorded for the project using NSW State Government methodology which excluded displaced tourism benefits from other areas of NSW. This rose to a BCR 1.46 using Federal Government methodology.

 

It should be noted that Health Benefits accounted for close to 35% of total Benefits and if these were excluded in the evaluation process the BCR fell to 0.73 (State Methodology) and 1.06 (Federal). Some benefits would be also accrued to people residing outside of the Wagga Wagga LGA.

 

The following assumptions were used within the model to derive the BCR’s:

 

Rail Trail	Assumptions	Source
Total Users	140 per day year 1 boost and then 50 per day - growing 3% per year	Tumba Rail Trail, Northern Rivers Rail Trail, Vic Rail Trail
User Location	Wagga LGA 50%, Riverina Murray 20%, Other NSW 10%, ACT 10%, Victoria 7%, QLD 2%, others 1%	Tumba Rail Trail, Tourism Research Australia, Visitor Centre Counts
User Type	70% Cycling, 10% running, 10% walking, 10% other	Tumba Rail Trail
Visitor Spend	Local $10, Riv Murray $30, Ex-NSW $80, Interstate 40% $100 (family) and 60% $250 (hotel)	Tourism Research Australia
Visitor Nights	1 additional night associated solely with Rail Trail visit	Tourism Research Australia
Health - Average Distance per mode	Cycling 12km, Walking 4KM, Running 5KM, Other 5 KM	TfNSW
Health - $ value per KM	Cycling $2.20 per KM, Other modes $4.39 per KM	TfNSW
Environment	All modes $0.03 per KM	TfNSW
Safety	Accident cost cycling $0.24 per KM, other modes $0.12 per KM	TfNSW
Utility	Population of Ladysmith, Forest Hill Zones at 70% favourable and $17.32 value of leisure time	TfNSW
CAPEX	Asphalt build, 10% mark up, 20% contingency built in years 1 and 2	WWCC
OPEX	$10,271 per annum, growing by 2%	WWCC
Interest Rate	5%	NSW Treasury
Period	2025-2045	WWCC

During investigations, staff became aware of growing community momentum supporting an extension of the Tumbarumba to Rosewood Rail Trail toward Humula. (see below)

 

 

 

 

 

 

 

 

Initial indications suggest this proposal may face less community opposition while offering similar benefits in terms of tourism and local economic growth. Very little information is available on the scope of this project with further preliminary investigations required to determine its feasibility.

Analysis:

·    The development of a rail trail between Forest Hill and Ladysmith could offer long-term economic, health and social benefits for the region

·    The State Government has adopted a clear framework for the development of Rail Trails.

·    Other Rail Trails have overcome landowners concerns during the development and construction of rail trails.

·    Market Conditions have changed, and the expected construction and maintenance cost have increased significantly since the Wagga Wagga Rail Trail committee had put their proposal to Council

·    Preliminary whole of life cost estimates identified significant capital contributions and ongoing operation costs that are currently unfunded if Council were to proceed with the project.

·    There is significant ongoing division within the community.

·    Within Council, there are several major infrastructure and community projects competing for limited external and internal funding sources. If there is a desire to progress the Wagga to Ladysmith Rail Trail it should be considered alongside other Council priorities given the substantial capital and ongoing operational costs involved.

·    Securing grant funding for a project of this scale may also limit Council’s capacity to pursue or co-fund other high-priority initiatives in the short to medium term.

Resolution Options:

Option 1 – Do not proceed with Wagga to Ladysmith Project / Internal Investigation into Rosewood to Humula extension to proceed (Recommended)

That Council:

a.   note the potential benefits and risks of the proposed Wagga Wagga to Ladysmith Rail Trail project

b.   does not proceed to detailed planning of the Wagga Wagga to Ladysmith Rail Trail project due to the significant unfunded capital and ongoing maintenance costs

c.   endorse staff carrying out a preliminary inhouse review of the extension of the existing Tumbarumba to Rosewood Rail Trail to Humula

Council does not have the significant capital or operational funding to deliver the project currently. This project is not identified as a priority when compared to other projects identified as priorities through adopted strategic documents.  This option also allows for an inhouse preliminary review the Rosewood to Humula extension to assess the potential benefits, costs and feasibility of the project.

Cost:         Approximately 40-50 hours of staff time that is already funded.

 

Option 2 – Do not proceed with Wagga to Ladysmith Project or the Internal Investigation into Rosewood to Humula extension

That Council:

a.   note the potential benefits and risks of the proposed Wagga Wagga to Ladysmith Rail Trail project

b.   does not proceed to detailed planning of the Wagga Wagga to Ladysmith Rail Trail project due to the significant unfunded capital and ongoing maintenance costs

c.   does not proceed with carrying out a preliminary inhouse review of the extension of the existing Tumbarumba to Rosewood Rail Trail to Humula

Council does not have the significant Capital or operation funding to deliver the project currently. This project is not identified as a priority when compared to other projects identified as priorities through adopted strategic documents.  This option also would not pursue the inhouse review of the Rosewood to Humula rail trail extension.

Cost:         N/A

Option 3 – Proceed with detailed investigations into Wagga to Ladysmith Project and the Internal Investigation into Rosewood to Humula extension

That Council:

a.   note the potential benefits and risks of the proposed Wagga Wagga to Ladysmith Rail Trail project

b.   endorse proceeding to detailed planning of the Wagga Wagga to Ladysmith Rail Trail project

c.   endorse carrying out a preliminary inhouse review of the extension of the existing Tumbarumba to Rosewood Rail Trail to Humula

d.   approve the budget variations as noted in the financial implications section of this report for option 3.

In this option staff would proceed with the detailed planning that would be required to seek grant funding and approvals for the project.  This would include: the development of a concept design, geotechnical investigations, detailed cost estimates, the development of a REF and detailed business case.  The estimated cost of completing these investigations would be:

 

 

There is no identified funding source for these planning activities.  If they were to proceed, and due to limited Council internal reserves available for this type of expenditure, it is proposed that the above $240,000 be funded from external loan borrowings, with the future year repayments to be considered during the compilation of the 2026/27 Long Term Financial Plan.

If following the detailed investigations Council chose to proceed with the project, grant funding and co-contribution funding would need to be sourced. If grant funding was not forthcoming then the capital funding of an estimated $16.8M – $19.65M would need to be funded by either internal or external loan borrowings, a Special Rate Variation (SRV), or a reduced or changed operational plan where funds are diverted from projects or initiatives that exist within the LTFP to fund the project.

The likelihood of grant funding of this magnitude being available for this type of project is unknown. However, it is likely that many of the grant funding programs that would be suitable for this project would also be suitable for other strategic priorities such as Airport upgrades. 

Future operational costs (i.e. maintenance of the trail) will also need to be built into an asset management plan and funded.

Option 4 – Proceed with detailed investigations into Wagga to Ladysmith Project but do not proceed with the Internal Investigation into Rosewood to Humula extension

That Council:

a.   note the potential benefits and risks of the proposed Wagga Wagga to Ladysmith Rail Trail project

b.   endorse proceeding to detailed planning of the Wagga Wagga to Ladysmith Rail Trail project

c.   do not proceed with preliminary inhouse review of the extension of the existing Tumbarumba to Rosewood Rail Trail to Humula

d.   approve the budget variations as noted in the financial implications section of this report for option 4.

If Option 1 or 2 are adopted there are no additional funding implications.

 

If Option 3 or 4 were to be endorsed, the estimated cost of completing the detailed investigations totals $240,000. This is currently unfunded.  It is proposed that these activities would be funded by external loan borrowings, with the future year repayments to be considered during the compilation of the 2026/27 Long Term Financial Plan.

 

If the project were to progress, current high-level construction cost estimates for the proposed trail range from $16.8 million to $19.65 million. Annual maintenance costs are estimated between $63,000 and $102,000. No funding is identified in the Long-Term Financial Plan for these activities

Transport Administration Amendment (Rail Trails) Act 2022

 

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

 

If this project were to be implemented, the associated risks would relate to process, cost, environmental factors, workplace health and safety (WHS), and contractor performance. These risks are managed through Council’s established project management and contractor performance management systems.

Council has received multiple petitions in support and against the Rail Trail proposal. The petitions were considered at Council meetings on 26 July 2021 and 25 October 2021.

 

An initial meeting with proponents and landowners adjacent to the rail corridor between Wagga Wagga and Ladysmith was held on the 24th of November 2021. Following this, additional stakeholder and landowner discussions were undertaken during 2022.

 

During the development of this report and economic analysis in 2024 and early 2025, multiple stakeholder and landowner discussions were held to update groups of the process and gather relevant information and data.

 

 

1.	Rail Trail Map - Provided under separate cover
2.	Rail Trail Map - Properties - Provided under separate cover
3.	NSW Rail Trails Framework - Provided under separate cover
4.	Wagga Rail Trail Strategic Directions and Implementation Plan - Provided under separate cover
5.	Evaluation of Rail Trails in NSW - Provided under separate cover
6.	Rail Trail RAPID BCR June 2024 - Provided under separate cover
7.	Cost Estimates This matter is considered to be confidential under Section 10A(2) of the Local Government Act 1993, as it deals with: information that would, if disclosed, confer a commercial advantage on a person with whom the Council is conducting (or proposes to conduct) business. - Provided under separate cover

 

 

Report submitted to the Ordinary Meeting of Council on Monday 26 May 2025

RP-2

 

RP-2               LEP24/0001 - Planning Proposal - 92 Cooramin St, Cartwrights Hill

Author:         Hayden Bousfield 

Executive:    John Sidgwick

         

 

Summary:

Council is in receipt of a planning proposal to amend the Wagga Wagga Local Environmental Plan 2010 to include “function centre” as an additional permitted land use for 92 Cooramin Street, Cartwrights Hill.

 

 

That Council:

a       endorse planning proposal LEP24/0001 to amend the Wagga Wagga Local Environmental Plan 2010, Schedule 1, Additional Permitted Uses

b       write to the Department of Planning, Housing and Infrastructure (DPHI) requesting a gateway determination under s3.34 of the Environmental Planning & Assessment Act 1979 (EP&A Act)

c        on receipt of a Gateway Determination under section 3.34 of the Environmental Planning & Assessment Act 1979, Council enact all the requirements of the Gateway Determination and requirements of Schedule 1, clause 4 of the Environmental Planning & Assessment Act 1979

d       delegate authority to the General Manager or their delegate of all functions under section 3.36 of the Environmental Planning and Assessment Act 1979 to make the local environmental plan and put into effect the Planning Proposal

e       delegate authority to the General Manager or their delegate to make any variations to the planning proposal, to correct any drafting errors or anomalies to ensure consistency with the Gateway Determination or to address any other matter that may arise during the amendment process

f        receive a further report after exhibition period addressing any submissions made in respect of the planning proposal

Applicant:	Peter Carney – Chief Operating Officer, Harness Racing NSW
Subject Land:	Street Address: 92 Cooramin Street, Cartwrights Hill Legal Description: Lot 10, DP 1247474
Landowner:	Harness Racing NSW Racecourse Development Fund

 

 

1.      Proposal

Council is in receipt of a draft planning proposal to amend Schedule 1 – ‘Additional Permitted Uses’ in the Wagga Wagga Local Environmental Plan 2010. The proposal seeks to include “function centre” as an additional permitted land use.

 

The intended outcome is to allow for the establishment of a private function and events hire premise associated with the Riverina Paceway clubhouse. The private function and events hire premise would then be intended to supplement existing paceway activities.

 

The proponent is required to lodge the planning proposal for an additional permitted use as the subject site sits within the RU1 Primary Production zone where a “function centre” is listed as prohibited.

 

2.      Site and Locality

The Riverina Paceway (the site) is located at 92 Cooramin Street, Cartwrights Hill (Lot 10, DP1247474). Located approximately 4km north from the Wagga Wagga Central Business District, the site sits within a rural area and is surrounded by large lot rural residential properties. The site is approved and currently operates as a “recreational facility (major)” for harness racing.

 

3.      Key Considerations

The planning proposal has been assessed against Council’s strategies, policies and guidelines, and the Local Environmental Plan Making Guideline (DPE, August 2023) for preparing planning proposals. The key considerations are identified below, and the full assessment report is provided as Attachment 1.

 

Council’s Vision or Strategic Intent

·    Riverina Murray Regional Plan 2040

The Riverina Murray Regional Plan 2040 (Regional Plan) identifies the need to build resilience in rural land uses and support the development of the visitor economy. The aim is to protect and support rural enterprises and development greater attraction in the region.

The planning proposal would enable an existing rural place to diversify and develop commercial resilience whilst also providing an existing visitor economy attracter with an additional capability.

 

·    Local Strategic Planning Statement (LSPS) - Wagga Wagga 2040

The Local Strategic Planning Statement (LSPS) 2040 is Council’s long-term strategic planning blueprint for the next 20-years. It considers issues of strategic significance to Wagga Wagga, which guides and supports the introduction of new planning policies, strategies and actions related to land use planning.

 

The LSPS supports the planning proposal as it would enable the LEP and DCP to support outcomes that support the visitor economy and provides economic resilience for a rural property.

 

 

 

Local Environmental Plan (LEP) Provisions

·    Schedule 1 – Additional Permitted Uses

The proposed changes to the LEP will result in amendment to the Schedule 1 – Additional Permitted Uses as follows:

 “7 Use of Certain Land at 92 Cooramin Street, Cartwrights Hill

(1)    This Clause applies to land at 92 Cooramin Street, being Lot 10 DP 1247474.

(2)    Development for the purpose of “Function Centre” is permitted with development consent.”

 

Environmental Effects

·    Acoustics

A Noise Impact Assessment was submitted with the planning proposal which evaluated the additional permitted use (function centre) against the relevant NSW EPA Noise Policy for Industry (NPI) and guidelines set out by the NSW Office of Liquor and Gaming.

The Noise Impact Assessment considered noise emissions from the clubhouse, factoring in a maximum of 285 patrons (excluding staff), background music and operations between 9am – 5pm Monday – Thursday and 9am – 12am (midnight) Friday – Sunday, and noise from increased traffic movements from the existing car park.

The assessment concluded that external noise emissions from the function centre (clubhouse) would be within compliant levels of the Liquor and Gaming NSW noise criteria, excluding an assessment from 12:00am (midnight) – 7:00am, where the proposed usage would unlikely comply due to more stringent requirements and levels.

 

·    Traffic, Access and Parking

The planning proposal is accompanied by a traffic impact assessment (TIA) that has considered the current and proposed traffic conditions. The TIA concluded that there was sufficient parking on site to enable a function centre accommodating the proposed 285 patron (excluding staff), and that the traffic from the function centre would not adversely affect the intersection of Cooramin St and Hampden Avenue.

 

In accordance with Council’s 2023/24 Fees and Charges, a Standard LEP Amendment Fee of $11,970.00 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 a development application in the future for a function centre, in association with the use of the land as recreation facility (major), being the Riverina Paceway. 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.

 

Environmental Planning and Assessment Act 1979

Wagga Wagga Local Strategic Planning Statement – Wagga Wagga 2040

Wagga Wagga Local Environmental Plan 2010

Regional Leadership

Vision for the future

Adopt a sound approach to strategic planning to ensure that we are preparing for future growth requirements of the city.

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.

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

 

Proposed consultation methods are indicated in the table below:

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

Consult

ü

ü

ü

ü

 

 

1.	Attachment 1 - Planning Proposal Report Rev 3.0 - Provided under separate cover
2.	Attachment 2 - Noise Impact Assessment Rev 4 - Provided under separate cover
3.	Attachment 3 - Traffic Impact Assessment - Provided under separate cover
4.	Attachment 4 - RCA Final Acoustic Peer Review Report - Provided under separate cover
5.	LEP24/0002 - Final Assessment Report - Provided under separate cover

 

Report submitted to the Ordinary Meeting of Council on Monday 26 May 2025

RP-3

 

RP-3               Dedication of Community Land as Public Road - 55 Plumpton Road, Lake Albert

Author:         Karen Owen 

Executive:    Fiona Piltz

         

 

Summary:

This report seeks Council endorsement to the dedication of a strip of community land at 55 Plumpton Road, Lake Albert for road purposes to facilitate the duplication of Plumpton Road project.

 

 

That Council:

a       endorse proceeding with the proposed dedication of Lot 1 in DP 45491 for road widening purposes pursuant to section 47F of the Local Government Act and section 10 of the Road Act 1993 as outlined in this report

b       authorise the General Manager, or their delegate to complete and execute any necessary documents on behalf of the Council

c        authorise the General Manager, or their delegate to take such further steps as necessary to complete the proposed dedication of land for road widening purposes including publication of a gazettal notice in the NSW Government Gazette

d       authorise the affixing of Council’s common seal to all relevant documents as required

Council is the registered proprietor of 55 Plumpton Road, Lake Albert (being Lot 1 in DP 45491) which is approximately 1.32ha.  The parcel of land, which effectively serves as a nature strip, has been owned by Council since 1984, and is currently classified as community land and zoned for recreational purpose.

 

Figure 1 below shows the location of the nature strip highlighted in green and outlined in red.

 

 

Figure 1:  Diagram of Lot 1 DP 45491

Council has received significant NSW Government funding under the Accelerated Infrastructure Fund for the duplication of Plumpton Road.  To facilitate the project, the Major Projects team have identified that this portion of land will need to be dedicated for road widening purposes.

 

Council does not have a current plan of management for this parcel of land, and therefore there is not a current permitted pathway under a Plan of Management that would permit the construction of the road. The utilisation of community land for road purposes would also generally not be permitted under the Local Government Act 1993. However, Section 47F(2)(a) confirms that the prohibition on dedication of community land as public road does not apply to “a dedication of land for the purpose of widening an existing public road.”

 

It is therefore recommended that Council endorse the dedication of the parcel of land referred to in this report for road purposes. If this approach is endorsed by Council, the next steps would be to arrange to publish a gazettal notice in the NSW Government Gazette pursuant to Section 10 of the Roads Act 1993. On publication of the gazettal notice, the nature strip will be formally dedicated as a road parcel.

 

The only costs to be incurred by Council in finalising this matter would be that Council will need to lodge an 11R notification with Land Registry Services notifying it of the dedication of the road parcel for road purposes. These costs could be funded out of the existing Property Legal Fees budget line.

 

If the recommendation is endorsed, the estimated costs to Council as at the date of this report would be legal fees of up to $440 and a registration fee of $171.40. These costs may increase if works extend beyond 30 June 2025.

 

This amount will be funded from the existing Property Legal Budget Line 10-16750-7170 which has adequate funds available.

Local Government Act 1993

Roads Act 1993

Growing

Enabling infrastructure

Provide essential infrastructure; including sewer, roads, key housing enabling infrastructure to support growth.

 

Council has a responsibility to appropriately use and manage its property assets. The proposed recommendation sets out a formal pathway as to how Council can validly utilise the portion of Plumpton Road required for the road construction.

 

Failure to identify a valid pathway to undertake this work would impact on the delivery of the Plumpton Road duplication works pursuant to the AIF Funding Agreement.

Internal consultation has been undertaken within Council’s Economy Business and Workforce Directorate and with the Major Projects Team

 

 

 

 

Report submitted to the Ordinary Meeting of Council on Monday 26 May 2025

RP-4

 

RP-4               FINANCIAL PERFORMANCE REPORT AS AT 30 APRIL 2025

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 April 2025.

 

 

That Council:

a       approve the proposed 2024/25 budget variations for the month ended 30 April 2025 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 April 2025 in accordance with section 625 of the Local Government Act 1993

e       accept the grant funding offers as presented in this report

Wagga Wagga City Council (Council) forecasts a balanced budget position as of 30 April 2025.

 

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 ($390,246 up on the monthly budget). This is mainly due to better than budgeted returns on Council’s investment portfolio, as well as a higher than anticipated investment portfolio balance – which is partly due to Council receiving upfront payment of $48.5M in funding under the Accelerated Infrastructure Fund in June 2024.

 

Key Performance Indicators

 

 

OPERATING INCOME

Total operating income is 84% of approved budget and is tracking on budget for the month of April 2025. 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 93% when compared to budget.

 

OPERATING EXPENSES

Total operating expenditure is 79% of approved budget and is tracking under budget at this stage of the financial year.

 

CAPITAL INCOME

Total capital income is 216% of approved budget, which is mainly attributed to the Accelerated Infrastructure Fund (AIF) grant funding that has been received. If this up-front grant funding is not fully spent in this financial year, the income will be reduced and carried over to next financial year for completion of the project.

 

CAPITAL EXPENDITURE

Total capital expenditure including commitments is 67% of approved budget. Excluding commitments, the total expenditure is 52% when compared to the approved budget.

 

 

*Please note that Council has recently reviewed the 2025/26 Long Term Financial Plan, with the draft plan currently on public exhibition.  The above table is the current adopted position and not the draft plan not yet adopted.

 

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 April 2025	$0K $0K $0K
Proposed Revised Budget result for 30 April 2025 - (Surplus) / Deficit	$0K

 

The proposed Operating and Capital Budget Variations for 30 April 2025 which affect the current 2024/25 financial year are listed below.

 

 

The following one-off capital project has been reviewed as part of the ongoing budget review process with the adjustments to the timing of the budget being included below for adoption. There is no proposed change to the total budget for the project.

 

Job No.	Project Title	2024/25 Current One-Off Confirmed	2024/25 Proposed One-Off Confirmed	2027/28 Current One-Off	2027/28 Proposed One-Off
45125	LMC – Refurbish Agents Offices & Canteen	0	150,000	500,000	350,000

*Please note that Council has recently reviewed the 2025/26 Long Term Financial Plan, with the draft plan currently on public exhibition. Future year budget variations will not be processed until after 1 July 2025.

 

2024/25 Capital Works Summary

 

Capital Works	Approved Budget	Proposed Movement	Proposed Budget
One-off	$49,600,915	$180,000	$49,780,915
Recurrent	$37,250,621	$0	$37,250,621
Pending	$0	$0	$0
Total Capital Works	$86,851,536	$180,000	$87,031,536

 

 

 

 

 

Current Restrictions

 

RESERVES SUMMARY
30 APRIL 2025
	CLOSING BALANCE 2023/24	ADOPTED RESERVE TRANSFERS 2024/25	BUDGET VARIATIONS APPROVED UP TO COUNCIL MEETING 28.04.2025	PROPOSED CHANGES for Council Resolution*	BALANCE AS AT 30 APRIL 2025
Externally Restricted
Developer Contributions - Section 7.11	(35,346,092)	3,828,593	(1,278,645)		(32,796,145)
Developer Contributions - Section 7.12	(849,883)	(28,096)	104,075		(773,904)
Developer Contributions - Stormwater Section 64	(8,765,571)	131,291	(990,437)		(9,624,717)
Sewer Fund	(52,652,543)	(276,425)	(667,266)		(53,596,234)
Solid Waste	(31,897,464)	2,924,014	1,086,621		(27,886,829)
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	(1,880,677)		(4,613,632)
Total Externally Restricted	(199,715,707)	9,352,119	54,841,416	0	(135,522,172)
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	277,543		(1)
Buildings	(3,386,635)	77,514	516,130		(2,792,992)
CCTV	(34,995)	0	0		(34,995)
Cemetery	(1,378,480)	(204,757)	150,870		(1,432,366)
Civic Theatre	(95,013)	(21,237)	30,000		(86,250)
Civil Infrastructure	(11,521,350)	696,586	865,846		(9,958,917)
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	(1,552,626)		(2,902,706)
Insurance Variations	(50,000)	0	0		(50,000)
Internal Loans	(7,841,730)	(149,108)	(821,596)	30,000	(8,782,434)
Lake Albert Improvements	(741,740)	(21,261)	84,689		(678,312)
Library	(400,985)	(237,430)	0		(638,415)
Livestock Marketing Centre	(8,324,132)	1,013,875	2,457,827	150,000	(4,702,431)
Museum Acquisitions	(48,476)	4,378	0		(44,099)

 

 

 

 

 

 

 

 

 

 

Investment Summary as at 30 April 2025

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 31/03/2025 $	Closing Balance Invested 30/04/2025 $	April EOM Current Yield %	April EOM % of Portfolio	Investment Date	Maturity Date	Term (mths)
At Call Accounts
NAB	AA-	158,995	226,693	4.10%	0.08%	N/A	N/A	N/A
CBA	AA-	4,776,208	3,044,668	4.10%	1.03%	N/A	N/A	N/A
CBA	AA-	17,900,074	16,934,741	4.15%	5.73%	N/A	N/A	N/A
Macquarie Bank	A+	10,027,445	10,060,384	3.90%	3.41%	N/A	N/A	N/A
CBA	AA-	48,930,787	48,970,254	4.10%	16.58%	N/A	N/A	N/A
Total At Call Accounts		81,793,509	79,236,740	4.09%	26.83%
Short Term Deposits
AMP	BBB+	2,000,000	2,000,000	5.10%	0.68%	16/12/2024	16/09/2025	9
ING Bank	A	1,000,000	1,000,000	5.31%	0.34%	3/06/2024	3/06/2025	12
BankVic	BBB+	2,000,000	2,000,000	5.34%	0.68%	26/06/2024	26/06/2025	12
Bank of Sydney	NR	2,000,000	2,000,000	5.47%	0.68%	28/06/2024	30/06/2025	12
NAB	AA-	1,000,000	1,000,000	5.30%	0.34%	30/07/2024	30/07/2025	12
NAB	AA-	2,000,000	2,000,000	5.45%	0.68%	2/07/2024	2/07/2025	12
NAB	AA-	2,000,000	2,000,000	5.40%	0.68%	8/07/2024	8/07/2025	12
Suncorp	AA-	1,000,000	1,000,000	5.43%	0.34%	10/07/2024	10/07/2025	12
NAB	AA-	2,000,000	2,000,000	5.03%	0.68%	27/08/2024	27/08/2025	12
ICBC	A	1,000,000	1,000,000	5.20%	0.34%	14/11/2024	14/11/2025	12
NAB	AA-	2,000,000	2,000,000	5.11%	0.68%	28/11/2024	28/11/2025	12
MyState	BBB	2,000,000	2,000,000	5.10%	0.68%	29/11/2024	29/11/2025	12
MyState	BBB	1,000,000	1,000,000	5.15%	0.34%	4/12/2024	4/12/2025	12
ING Bank	A	1,000,000	1,000,000	4.80%	0.34%	26/02/2025	26/02/2026	12
State Bank of India	BBB-	1,000,000	1,000,000	5.10%	0.34%	7/03/2025	9/03/2026	12
State Bank of India	BBB-	2,000,000	2,000,000	5.00%	0.68%	10/03/2025	10/03/2026	12
State Bank of India	BBB-	2,000,000	2,000,000	5.00%	0.68%	17/03/2025	17/03/2026	12
Total Short Term Deposits		27,000,000	27,000,000	5.20%	9.14%
Medium Term Deposits
Westpac	AA-	2,000,000	2,000,000	1.32%	0.68%	28/06/2021	29/06/2026	60
Westpac	AA-	2,000,000	2,000,000	1.80%	0.68%	15/11/2021	17/11/2025	48
Police Credit Union	NR	1,000,000	0	0.00%	0.00%	1/04/2020	1/04/2025	60
ICBC	A	1,000,000	1,000,000	1.85%	0.34%	29/05/2020	29/05/2025	60
ICBC	A	1,000,000	1,000,000	1.86%	0.34%	1/06/2020	2/06/2025	60
ICBC	A	2,000,000	2,000,000	1.75%	0.68%	25/06/2020	25/06/2025	60
ICBC	A	2,000,000	2,000,000	1.75%	0.68%	25/06/2020	25/06/2025	60
ICBC	A	3,000,000	3,000,000	5.07%	1.02%	30/06/2022	30/06/2027	60
ICBC	A	2,000,000	2,000,000	1.50%	0.68%	17/08/2020	18/08/2025	60
BoQ	A-	1,000,000	1,000,000	1.25%	0.34%	7/09/2020	8/09/2025	60
BoQ	A-	2,000,000	2,000,000	1.25%	0.68%	14/09/2020	15/09/2025	60
ICBC	A	1,000,000	1,000,000	1.20%	0.34%	7/12/2020	8/12/2025	60
NAB	AA-	2,000,000	2,000,000	0.95%	0.68%	29/01/2021	29/01/2026	60
NAB	AA-	1,000,000	1,000,000	1.08%	0.34%	22/02/2021	20/02/2026	60
NAB	AA-	2,000,000	2,000,000	1.25%	0.68%	3/03/2021	2/03/2026	60
NAB	AA-	2,000,000	2,000,000	1.40%	0.68%	21/06/2021	19/06/2026	60
Westpac	AA-	2,000,000	2,000,000	1.32%	0.68%	25/06/2021	25/06/2026	60
ICBC	A	1,000,000	1,000,000	1.32%	0.34%	25/08/2021	25/08/2026	60
P&N Bank	BBB+	2,000,000	2,000,000	4.90%	0.68%	11/03/2024	11/03/2026	24
CBA	AA-	2,000,000	2,000,000	3.99%	0.68%	4/05/2022	5/05/2025	36
ING Bank	A	1,000,000	1,000,000	5.11%	0.34%	23/05/2024	25/05/2026	24
BoQ	A-	1,000,000	1,000,000	4.50%	0.34%	7/07/2022	7/07/2025	36
CBA	AA-	1,000,000	1,000,000	4.25%	0.34%	12/08/2022	12/08/2025	36
P&N Bank	BBB+	3,000,000	3,000,000	4.55%	1.02%	29/08/2022	29/08/2025	36
Australian Military Bank	BBB+	2,000,000	2,000,000	4.55%	0.68%	2/09/2022	2/09/2025	36
P&N Bank	BBB+	1,000,000	1,000,000	4.40%	0.34%	9/09/2022	9/09/2025	36
ICBC	A	2,000,000	2,000,000	5.20%	0.68%	21/10/2022	21/10/2025	36
AMP	BBB+	1,000,000	1,000,000	4.80%	0.34%	21/11/2022	20/11/2025	36
P&N Bank	BBB+	2,000,000	2,000,000	4.85%	0.68%	16/12/2024	16/12/2026	24
Police Credit Union	NR	2,000,000	2,000,000	4.75%	0.68%	17/02/2025	17/02/2027	24
P&N Bank	BBB+	2,000,000	2,000,000	5.00%	0.68%	14/03/2023	15/03/2027	48
Auswide	BBB	2,000,000	2,000,000	4.95%	0.68%	13/04/2023	13/04/2026	36
P&N Bank	BBB+	2,000,000	2,000,000	5.20%	0.68%	20/04/2023	20/04/2027	48
P&N Bank	BBB+	1,000,000	1,000,000	5.20%	0.34%	26/05/2023	26/05/2026	36
ING Bank	A	2,000,000	2,000,000	5.38%	0.68%	28/06/2024	28/06/2029	60
ING Bank	A	2,000,000	2,000,000	5.37%	0.68%	21/08/2023	21/08/2025	24
ING Bank	A	1,000,000	1,000,000	4.90%	0.34%	29/11/2024	29/11/2026	24
P&N Bank	BBB+	1,000,000	1,000,000	5.45%	0.34%	30/11/2023	28/11/2025	24
ING Bank	A	2,000,000	2,000,000	5.20%	0.68%	14/12/2023	15/12/2025	24
ING Bank	A	2,000,000	2,000,000	5.14%	0.68%	3/01/2024	5/01/2026	24
P&N Bank	BBB+	2,000,000	2,000,000	5.10%	0.68%	4/01/2024	4/01/2027	36
Suncorp	AA-	1,000,000	1,000,000	5.08%	0.34%	8/01/2024	8/01/2026	24
Australian Unity	BBB+	1,000,000	1,000,000	4.93%	0.34%	7/03/2024	9/03/2026	24
ING Bank	A	2,000,000	2,000,000	5.10%	0.68%	23/04/2024	24/04/2028	48
NAB	AA-	2,000,000	2,000,000	5.10%	0.68%	6/05/2024	6/05/2026	24
ING Bank	A	1,000,000	1,000,000	5.12%	0.34%	24/05/2024	24/05/2027	36
ING Bank	A	1,000,000	1,000,000	5.26%	0.34%	31/05/2024	31/05/2028	48
ING Bank	A	2,000,000	2,000,000	5.26%	0.68%	6/06/2024	6/06/2028	48
Australian Military Bank	BBB+	1,000,000	1,000,000	5.20%	0.34%	11/06/2024	11/06/2026	24
Australian Military Bank	BBB+	2,000,000	2,000,000	5.20%	0.68%	11/06/2024	11/06/2026	24
BankVIC	BBB+	2,000,000	2,000,000	4.65%	0.68%	27/08/2024	27/08/2026	24
ING Bank	A	2,000,000	2,000,000	4.63%	0.68%	30/08/2024	30/08/2026	24
ING Bank	A	1,000,000	1,000,000	4.51%	0.34%	16/09/2024	18/09/2028	48
Westpac	AA-	2,000,000	2,000,000	4.45%	0.68%	27/09/2024	28/09/2026	24
ING Bank	A	2,000,000	2,000,000	4.79%	0.68%	17/10/2024	19/10/2026	24
Westpac	AA-	1,000,000	1,000,000	4.70%	0.34%	8/10/2024	8/10/2026	24
Westpac	AA-	2,000,000	2,000,000	4.73%	0.68%	21/10/2024	21/10/2027	36
Hume Bank	BBB+	2,000,000	2,000,000	4.95%	0.68%	7/11/2024	7/11/2026	24
ING Bank	A	2,000,000	2,000,000	5.02%	0.68%	14/11/2024	16/11/2026	24
ING Bank	A	1,000,000	1,000,000	5.00%	0.34%	27/11/2024	27/11/2026	24
ING Bank	A	2,000,000	2,000,000	5.07%	0.68%	28/11/2024	28/11/2028	48
P&N Bank	BBB+	3,000,000	3,000,000	4.85%	1.02%	16/12/2024	16/12/2027	36
ING Bank	A	2,000,000	2,000,000	4.80%	0.68%	21/01/2025	21/01/2028	36
Australian Military Bank	BBB+	1,000,000	1,000,000	4.82%	0.34%	30/01/2025	29/01/2027	24
Australian Military Bank	BBB+	2,000,000	2,000,000	4.73%	0.68%	10/02/2025	10/02/2028	36
Australian Military Bank	BBB+	1,000,000	1,000,000	4.79%	0.34%	4/02/2025	4/02/2028	36
Regional Australia Bank	BBB+	2,000,000	2,000,000	4.71%	0.68%	12/02/2025	12/02/2027	24
Hume Bank	BBB+	2,000,000	2,000,000	4.75%	0.68%	12/02/2025	12/02/2029	48
Westpac	AA-	2,000,000	2,000,000	4.70%	0.68%	12/02/2025	14/02/2028	36
ING Bank	A	1,000,000	1,000,000	4.77%	0.34%	26/02/2025	28/02/2028	36
ING Bank	A	2,000,000	2,000,000	4.62%	0.68%	3/03/2025	3/03/2028	36
State Bank of India	BBB-	2,000,000	2,000,000	4.65%	0.68%	14/03/2025	15/03/2027	24
State Bank of India	BBB-	2,000,000	2,000,000	4.65%	0.68%	31/03/2025	31/03/2027	24
ING Bank	A	0	1,000,000	4.81%	0.34%	1/04/2025	1/04/2030	60
Total Medium Term Deposits		123,000,000	123,000,000	4.15%	41.65%
Floating Rate Notes - Senior Debt
Rabobank	A+	2,020,856	2,001,182	BBSW + 73	0.68%	27/01/2022	27/01/2027	60
Newcastle Permanent	BBB+	1,007,963	1,010,601	BBSW + 100	0.34%	10/02/2022	10/02/2027	60
ANZ	AA-	2,029,412	2,034,429	BBSW + 97	0.69%	12/05/2022	12/05/2027	60
ANZ	AA-	2,554,109	2,560,329	BBSW + 120	0.87%	4/11/2022	4/11/2027	60
NAB	AA-	2,546,839	2,553,440	BBSW + 120	0.86%	25/11/2022	25/11/2027	60
Suncorp	AA-	1,116,927	1,119,820	BBSW + 125	0.38%	14/12/2022	14/12/2027	60
CBA	AA-	2,048,289	2,026,372	BBSW + 115	0.69%	13/01/2023	13/01/2028	60
Bank Australia	BBB+	1,928,711	1,929,071	BBSW + 155	0.65%	22/02/2023	22/02/2027	48
Bendigo-Adelaide Covered	AAA	1,013,184	1,013,814	BBSW + 115	0.34%	16/06/2023	16/06/2028	60
CBA	AA-	2,531,674	2,537,955	BBSW + 95	0.86%	17/08/2023	17/08/2028	60
ANZ	AA-	2,118,712	2,123,212	BBSW + 93	0.72%	11/09/2023	11/09/2028	60
Bank Australia	BBB+	1,677,447	1,657,962	BBSW + 150	0.56%	30/10/2023	30/10/2026	36
ANZ	AA-	2,534,847	2,540,722	BBSW + 96	0.86%	5/02/2024	5/02/2029	60
Suncorp	AA-	1,006,177	1,006,224	BBSW + 98	0.34%	19/03/2024	19/03/2029	60
ING Bank	A	503,386	504,857	BBSW + 95	0.17%	22/03/2024	22/03/2027	36
BoQ	A-	1,678,894	1,656,793	BBSW + 128	0.56%	30/04/2024	30/04/2029	60
Bendigo-Adelaide	A-	808,776	810,465	BBSW + 100	0.27%	14/05/2024	14/05/2027	36
ANZ	AA-	1,505,760	1,509,726	BBSW + 86	0.51%	18/06/2024	18/06/2029	60
Teachers Mutual	BBB+	908,702	909,949	BBSW + 130	0.31%	21/06/2024	21/06/2027	36
ING Bank	A	2,223,267	2,225,392	BBSW + 102	0.75%	20/08/2024	20/08/2029	60
CBA	AA-	1,510,554	1,513,953	BBSW + 87	0.51%	22/08/2024	22/08/2029	60
Suncorp	AA-	2,404,983	2,408,607	BBSW + 92	0.82%	27/09/2024	27/09/2029	60
Bendigo-Adelaide	A-	757,438	748,133	BBSW + 96	0.25%	24/10/2024	24/10/2028	48
ANZ	AA-	1,306,139	1,307,675	BBSW + 81	0.44%	18/02/2025	18/02/2030	60
Rabobank	A+	1,305,663	1,303,843	BBSW + 85	0.44%	20/02/2025	20/02/2030	60
The Bank of Nova Scotia	A+	2,004,049	1,994,575	BBSW + 140	0.68%	21/03/2025	21/03/2030	60
Total Floating Rate Notes - Senior Debt		43,052,759	43,009,101		14.56%
Fixed Rate Bonds
ING Covered	AAA	718,878	723,784	1.10%	0.25%	19/08/2021	19/08/2026	60
Northern Territory Treasury	AA-	3,000,000	3,000,000	1.50%	1.02%	24/08/2021	15/12/2026	64
BoQ	A-	1,846,425	1,842,007	2.10%	0.62%	27/10/2021	27/10/2026	60
BoQ	A-	2,081,829	2,054,630	5.30%	0.70%	30/04/2024	30/04/2029	60
ANZ	AA-	1,209,290	1,227,549	4.65%	0.42%	18/02/2025	18/02/2030	60
The Bank of Nova Scotia	A+	2,010,890	2,035,958	5.23%	0.69%	21/03/2025	21/03/2030	60
Northern Territory Treasury	AA-	2,000,000	2,000,000	1.50%	0.68%	6/08/2021	15/12/2026	64
Northern Territory Treasury	AA-	1,000,000	1,000,000	1.50%	0.34%	14/07/2021	15/12/2026	65
Northern Territory Treasury	AA-	2,000,000	2,000,000	1.30%	0.68%	29/04/2021	15/06/2026	61
Northern Territory Treasury	AA-	2,000,000	2,000,000	1.00%	0.68%	30/11/2020	15/12/2025	60
Northern Territory Treasury	AA-	1,000,000	1,000,000	1.00%	0.34%	20/11/2020	15/12/2025	61
Northern Territory Treasury	AA-	2,000,000	2,000,000	1.00%	0.68%	21/10/2020	15/12/2025	62
Total Fixed Rate Bonds		20,867,313	20,883,929	2.32%	7.07%
Managed Funds
NSW Tcorp	NR	2,199,940	2,210,429	0.48%	0.75%	17/03/2014	1/04/2030	192
Total Managed Funds		2,199,940	2,210,429	0.48%	0.75%
TOTAL CASH ASSETS, CASH EQUIVALENTS & INVESTMENTS		297,913,521	295,340,199		100.00%

 

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 27%, with Floating Rate Notes (FRNs) around 14%, 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 decreased over the past month, down from $297.91M to $295.34M.

 

 

Monthly Investment Movements

 

Redemptions/Sales – Council redeemed/sold the following investment securities during April 2025:

 

 

New Investments – Council purchased the following investment securities during April 2025:

 

 

Rollovers – Council did not roll over any investment securities during April 2025.

 

Monthly Investment Performance

 

Interest/growth/capital gains/(losses) for the month totalled $980,500, which compares favourably with the budget for the period of $590,254 - outperforming budget for the month by $390,246.

 

Council’s outperformance to budget for April is mainly due to better than budgeted returns on Councils investment portfolio as well as a higher than anticipated investment portfolio balance – which is partly due to Council receiving upfront payment of $48.5M in AIF funding in June 2024.

 

Council experienced a positive return on its NSW T-Corp Managed Fund for the month of April, with the fund returning +0.48% (or $10,489) with domestic (+3.62%) shares being the main contributor to performance whilst international (+0.64%) shares were mixed, with a slightly positive overall return.

 

 

In comparison to the AusBond Bank Bill Index* of 4.38% (annualised), Council’s investment portfolio returned approximately 4.14% (annualised) for the month of April – slightly underperforming the benchmark for the month. Detracting from performance this month were cash and fixed assets (deposits and bonds), with a proportion of assets locked in prior to the unexpected RBA rate hike cycle.

 

Cash and At‑Call accounts returned 4.10% (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 4.21%, marginally underperforming the AusBond Bank Bill index by -0.24%. Councils investment portfolio has continued to perform in line with the AusBond Bank Bill Index* over the longer-term time period, returning 3.50% per annum over the past 3 years – slightly underperforming the benchmark by -0.19% 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.

 

 

1⇩.

Capital Works Program 2024/25 to 2033/34