Agenda
and
Business Paper
To be held on
Monday 19
January 2026
at 6:30 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
Agenda
and
Business Paper
To be held on
Monday 19
January 2026
at 6:30 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.
Reports submitted to the Ordinary Meeting of Council to be held on Monday 19 January 2026.
Ordinary Meeting of Council AGENDA AND BUSINESS PAPER
Monday 19 January 2026
CLAUSE PRECIS PAGE
WELCOME TO COUNTRY 2
ACKNOWLEDGEMENT OF COUNTRY 2
REFLECTION 2
APOLOGIES 2
Confirmation of Minutes
CM-1 CONFIRMATION OF MINUTES - EXTRAORDINARY COUNCIL MEETING - 11 DECEMBER 2025 2
CM-2 CONFIRMATION OF MINUTES - ORDINARY COUNCIL MEETING - 15 DECEMBER 2025 2
DECLARATIONS OF INTEREST 3
Motions Of Which Due Notice Has Been Given
NOM-1 NOTICE OF MOTION - BANKING AND POSTAL SERVICES IN REGIONAL AUSTRALIA 4
NOM-2 NOTICE OF MOTION - REQUEST FOR REPORT: TARGETED REVIEW OF MOBILE FOOD VENDOR POLICY (POL 062) 6
Councillor Report
CR-1 COUNCILLOR REPORT - LGNSW WATER MANAGEMENT CONFERENCE 2025 8
Reports from Staff
RP-1 FINANCIAL PERFORMANCE REPORT AS AT 31 DECEMBER 2025 11
RP-2 REQUESTS FOR FINANCIAL ASSISTANCE - SECTION 356 44
RP-3 QUESTIONS WITH NOTICE 48
Committee Minutes
M-1 CONFIRMATION OF MINUTES - WAGGA WAGGA AIRPORT SPECIAL PURPOSE COMMITTEE - 17 DECEMBER 2025 50
Confidential Reports
CONF-1 LAND ACQUISITION 61
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.
Confirmation of Minutes
CM-1 CONFIRMATION OF MINUTES - EXTRAORDINARY COUNCIL MEETING - 11 DECEMBER 2025
|
That the Minutes of the proceedings of the Extraordinary Council Meeting held on 11 December 2025 be confirmed as a true and accurate record. |
|
1⇩. |
Minutes Extraordinary Council Meeting - 11 December 2025 |
62 |
CM-2 CONFIRMATION OF MINUTES - ORDINARY COUNCIL MEETING - 15 DECEMBER 2025
|
That the Minutes of the proceedings of the Ordinary Council Meeting held on 15 December 2025 be confirmed as a true and accurate record. |
|
1⇩. |
Minutes Ordinary Council Meeting - 15 December 2025 |
66 |
|
Report submitted to the Ordinary Meeting of Council on Monday 19 January 2026 |
NOM-1 |
Motions Of Which Due Notice Has Been Given
NOM-1 NOTICE OF MOTION - BANKING AND POSTAL SERVICES IN REGIONAL AUSTRALIA
Author: Councillor Richard Foley
|
Summary: |
That Wagga Wagga City Council advocate for Federal Government action to address the escalating crisis in regional banking and postal services and support the establishment of a government-owned post office bank as recommended by the Senate Inquiry into Bank Closures in Regional Australia. |
That Council:
a note the ongoing closure of regional bank branches across Australia and the growing pressure this place on already-stretched post offices which are also facing closure or downgrading of services
b acknowledge the findings of the 2023–24 Senate Inquiry into Bank Closures in Regional Australia, which recommended that access to banking and cash be designated as an essential service and that the Federal Government investigate the feasibility of a government-owned bank operating through post offices
c recognise the significant and predictable negative impacts these closures have on regional communities, small businesses, older residents, and local economies reliant on reliable access to cash and essential services
d write to the Prime Minister, the Treasurer, and the Minister for Communications requesting an urgent response to the Senate Inquiry report, commitment to its recommendations, and the commissioning of an expert panel to investigate the establishment of a government post office bank
e provide copies of this resolution to the Member for Riverina and the Member for Farrer seeking their support for immediate Federal action
Report
Regional banking and postal services are facing unprecedented degradation. Major banks continue shutting down branches throughout regional Australia, frequently closing the last remaining branch in towns that have relied on these services for decades.
The recent closure of the Bendigo Bank branch in Queenstown, Tasmania previously the last bank on the west coast has had severe social and economic consequences, including limited access to cash and increased pressure on the Queenstown Post Office, which has struggled to meet demand.
Simultaneously, Australia Post is pursuing a corporate strategy of reducing the number of full-service post offices, replacing many with parcel-only facilities, and transitioning from perpetual licences to fixed-term licences for licensees. This will allow further closures and the downgrading of essential services.
The Senate Inquiry into Bank Closures in Regional Australia held 13 public hearings over 15 months and issued a bipartisan report recommending that access to banking and cash be legally recognised as an essential service and that the Federal Government commission an expert assessment of a government-owned post office bank. Despite bipartisan support, the recommendations have not received a formal Federal Government response.
Without urgent action, regional communities including those within the Wagga Wagga Local Government Area will continue to face reduced access to essential services that underpin the economic and social wellbeing of our residents and small businesses.
Financial Implications
N/A
Policy and Legislation
Code of Meeting Practice 2025
Code of Conduct
Link to Strategic Plan
Regional Leadership
Good governance
Provide professional, innovative, accessible and efficient services.
Risk Management Issues for Council
N/A
Internal / External Consultation
N/A
|
Report submitted to the Ordinary Meeting of Council on Monday 19 January 2026 |
NOM-2 |
NOM-2 NOTICE OF MOTION - REQUEST FOR REPORT: TARGETED REVIEW OF MOBILE FOOD VENDOR POLICY (POL 062)
Author: Councillor Richard Foley
|
Summary: |
That Wagga Wagga City Council request a report to be prepared that undertakes a targeted review of the Mobile Food Vendor Trading in Public Places (Parks and Reserves) Policy (POL 062), with a view to modernising the policy to better support public space activation, small business participation, and flexible low-cost business opportunities, while maintaining public safety, amenity, and Council’s financial and legal risk settings. |
That Council:
a note the Mobile Food Vendor Trading in Public Places (Parks and Reserves) Policy has local approvals provisions and that Council has the authority and responsibility to ensure its policies remain contemporary, proportionate, and evidence-based
b note that the current policy contains fixed caps, blanket exclusion distances, and prescriptive controls that limit activation of public spaces and restrict participation by mobile food vendors without demonstrated evidence of benefit
c acknowledge that a modern, outcomes-based approach to mobile food vending can:
i activate parks, reserves, and public spaces, particularly outside standard business hours
ii provide low-barrier business opportunities that support small operators and reduce reliance on high-rent commercial premises; and
iii improve public safety and amenity through increased legitimate use and passive surveillance.
d affirm that any revised policy must:
i continue to meet approval, safety, and amenity requirements
ii protect Council from undue financial and legal risk; and
iii be cost-neutral or revenue-positive through appropriate fees, compliance, and enforcement mechanisms.
e request the General Manager to prepare a report within six (6) months that:
i replaces fixed permit caps and blanket exclusion rules with evidence-based, location- and time-specific controls
ii introduces trial and temporary approvals to test activation outcomes without long-term commitment or increased risk
iii improves transparency and consistency in assessment, renewal, and enforcement processes; and
iv ensures the policy continues to operate effectively as a Local Approvals Policy
Report
Council’s Mobile Food Vendor Trading in Public Places (Parks and Reserves) Policy (POL 062) provides a framework for Council to regulate mobile food vending in public spaces. While it meets its regulatory purpose, the current policy places strong emphasis on restriction and control, which may no longer be proportionate to the risks being managed.
A review provides an opportunity to ensure Council’s approval framework continues to meet practical objectives: activating public spaces, supporting small business, improving community amenity, and providing low-cost entrepreneurial pathways that ease pressure on high-rent commercial premises. Trial approvals and evidence-based controls allow outcomes to be tested without creating new financial or legal exposure.
Council cannot credibly support activation, small business, or a night-time economy while maintaining a policy that structurally prevents them with no financial benefit and no demonstrated risk reduction.
Financial Implications
The report is to be prepared within existing operational resources.
Any recommended changes will be developed to ensure financial sustainability and responsible use of public resources.
Policy and Legislation
Mobile Food Vendor Trading in Public Places (Parks and Reserves) Policy (POL 062)
Code of Meeting Practice
Link to Strategic Plan
Vibrant
Vibrant and activated spaces and opportunities
Sound planning of spaces within our community to achieve vibrant and activated places.
Risk Management Issues for Council
This motion seeks to reduce risk by ensuring approval controls remain evidence-based, enforceable, and proportionate, including through trial mechanisms prior to permanent change. It also supports practical economic outcomes that can help ease reliance on high-cost commercial premises.
Internal / External Consultation
N/A
|
Report submitted to the Ordinary Meeting of Council on Monday 19 January 2026 |
CR-1 |
Councillor Report
CR-1 COUNCILLOR REPORT - LGNSW WATER MANAGEMENT CONFERENCE 2025
Author: Councillor Allana Condron
That Council receive and note the report on attendance to the 2025 LGNSW Water Management Conference.
Report
This report provides Council with an overview of key themes, learnings and sector insights gained from attendance at the Local Government NSW (LGNSW) Water Management Conference 2025. The conference brought together local government leaders, water utilities, state agencies and industry experts to discuss emerging challenges and innovations in water governance, regulation, infrastructure, risk management and strategic planning.
Attendance supported professional development in my capacity as a Councillor and as a board member of Riverina Water, while also providing insight into state government reform directions and sector-wide challenges that are relevant to the City of Wagga Wagga.
Background
The LGNSW Water Management Conference is a key annual forum for local government water professionals and decision-makers. The 2025 conference program focused on regulatory reform, climate resilience, contamination risk (including PFAS), infrastructure planning, data maturity, and technological innovation across the water management industry.
Discussion
1. Technological Advancements in Water Management
A key theme across the conference was the increasing role of advanced technology in water utilities. Presentations highlighted how digital systems, smart monitoring and artificial intelligence are being used to identify faults earlier across water and wastewater networks; Improve asset management and operational efficiency; and reduce financial and service delivery impacts associated with failures.
2. Data Maturity and Reporting Consistency
The conference highlighted a growing shift towards data-driven decision-making across the industry. However, there remains inconsistency in reporting frameworks, data modelling assumptions, and benchmarking approaches between utilities at a State level.
This lack of consistency presents challenges for comparison and long-term planning.
3. Strategic Planning Challenges and Resourcing Constraints
Many speakers acknowledged that while expectations around strategic water planning are increasing, the sector is experiencing workforce capacity constraints, skills shortages, competing compliance and operational demands.
These resourcing challenges are impacting the ability of councils and utilities to undertake long-term planning at the depth increasingly expected by regulators and communities.
4. State Government Policy and Reform Direction
The conference provided insight into current and emerging NSW Government policy movements affecting local water utilities, including regulatory reform and assurance frameworks; expectations around risk management and transparency; and future funding and compliance considerations.
These insights are valuable in understanding the broader policy environment in which Council and Riverina Water operate.
5. PFAS Risk and Community Communication
Dedicated sessions addressed PFAS contamination, and the ongoing challenges associated with managing scientific uncertainty; communicating risk clearly and transparently to communities; and aligning messaging with public health advice.
The importance of accessible, credible information platforms was emphasised as a means of supporting informed community engagement.
6. Governance and Professional Development
As a relatively new Councillor and Board Member of Riverina Water, attendance provided valuable exposure to water utility governance models, board-level risk oversight, and sector leadership practices.
This learning continues to support informed representation of community interests and strengthens governance capability.
Financial Implications
N/A
Policy and Legislation
Code of Meeting Practice
Link to Strategic Plan
Regional Leadership
Ethical Leadership
Deliver accountable and transparent leadership.
Risk Management Issues for Council
N/A
Internal / External Consultation
N/A
|
Report submitted to the Ordinary Meeting of Council on Monday 19 January 2026 |
RP-1 |
Reports from Staff
RP-1 FINANCIAL PERFORMANCE REPORT AS AT 31 DECEMBER 2025
Author: Carolyn Rodney
|
Summary: |
This report is for Council to consider information presented on the 2025/26 budget and Long-Term Financial Plan, and details Council’s external investments and performance as at 31 December 2025. |
That Council:
a approve the proposed budget variations and note the balanced budget position as presented in this report
b approve the proposed budget variations to the 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 31 December 2025 in accordance with section 625 of the Local Government Act 1993
e accept the grant funding offers as presented in this report
Report
Wagga Wagga City Council (Council) forecasts a balanced budget position as of 31 December 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 December when compared to budget ($335,445 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 83% of approved budget and is exceeding the budget due to the rates and annual charges being raised at the start of the year. Excluding the rates amount, operating income received is 59% when compared to budget which is as a result of increased interest on investments.
OPERATING EXPENSES
Total operating expenditure is 53% of approved budget and is tracking slightly over budget at this stage of the financial year. This is in relation to commitments that have been raised for the full 2025/26 financial year.
CAPITAL INCOME
Total capital income is 149% of approved budget, which is mainly attributed to the Accelerated Infrastructure Fund (AIF) grant funding that has been received. This income will be reduced and carried over to next financial year for completion of the project in line with the project budget.
CAPITAL EXPENDITURE
Total capital expenditure including commitments is 42% of approved budget. Excluding commitments, the total expenditure is 27% when compared to the approved budget.
2025/26 Revised Budget Result – (Surplus) / Deficit |
$’000s |
|
Original 2025/26 Budget Result as adopted by Council Total Budget Variations approved to date Budget Variations for December 2025 |
$0K $0K $0K |
|
Proposed Revised Budget result for 31 December 2025 - (Surplus) / Deficit |
$0K |
The proposed Operating and Capital Budget Variations for 31 December 2025 which affect the current 2025/26 financial year are listed below.
|
Budget Variation |
Amount |
Funding Source |
Net Impact (Fav)/ Unfav |
|
|
3 - Growing |
|
|||
|
LMC Ponds Remediation |
$80K |
LMC Reserve ($80K) |
Nil |
|
|
Funds are required to dredge and clean the two ponds at the Livestock Marketing Centre. This will remove all solid matter currently restricting the volume capacity of the managed wastewater. Works will include the varying wet hire of machinery and transportation of a volume of solid organic surplus material from the site. These works are required to ensure the LMC remains compliant with EPA and aligns with seasonal conditions to assist in access. Estimated Completion: 30 June 2026 Job Consolidation: 45013 |
|
|||
|
4 – Vibrant |
|
|||
|
Arts & Cultural Funding Program |
$110K |
Create NSW Grant ($110K) |
Nil |
|
|
Council has been successful in securing multiyear funding of $220K ($110K annually) for 2 years under the Arts and Cultural Funding Program from Create NSW, to deliver a program of contemporary exhibitions, public programs, residencies and artist commissions at the Wagga Wagga Art Gallery during 2026 and 2027. Estimated Completion: 31 December 2027 Job Consolidation: 20660 |
|
|||
|
Arts & Cultural Funding Program |
$100K |
Create NSW Grant ($100K) |
Nil |
|
|
Council has been successful in securing multiyear funding of $300K ($100K annually) for 3 years under the Arts and Cultural Funding Program from Create NSW. This funding will support the Museum of the Riverina in delivering a range of projects, including the ongoing digitisation of the permanent collection, new exhibitions and delivery of community engagement programs during 2026, 2027 and 2028. Estimated Completion: 31 December 2028 Job Consolidation: 24943 |
|
|||
|
Senior Citizens Centre Upgrade |
$17K |
Community Centre Hire income ($17K) |
Nil |
|
|
In consultation with Wagga Wagga Senior Citizens Centre Inc representatives, funds are required for the following priority works: - A new concrete path to improve accessibility and safety for building users from Tarcutta Street footpath and drop off zone to the main entrance. - Replacement of the tables and chairs in the Sturt meeting area that are at end-of-life condition.
It is proposed to fund the variation from additional Community Centre Hire income.
Estimated Completion: 30 June 2026 Job Consolidation: 24942 |
|
|||
|
Security Upgrades |
$70K |
Buildings Reserve ($70K) |
Nil |
|
|
Security Upgrades are required at a number of Council Facilities with the works proposed to be funded from the Buildings Reserve
Equex Netball Clubhouse - $35K Funds are required for a security upgrade at the Equex Netball Clubhouse. Enhanced security would assist in addressing ongoing safety issues at the site. The Wagga Netball Association have conducted safety audits with concerns being raised regarding young participants around the amenities. It is proposed to install 6 CCTV cameras and access control to both the toilet facilities and main entrance door to the clubhouse.
Jubilee Park Amenities - $35K Funds are required for a security upgrade at the Jubilee Park Amenities. This is due to concerns being raised by members of the public regarding access to the accessible toilet at the park for persons with disabilities, and the improvement to safety of the public using the facilities. It is proposed to install a new control door, access control to the 6 toilet doors and 5 CCTV cameras.
Estimated Completion: 30 June 2026 Job Consolidation: 24932 |
|
|||
|
Civic Centre Roof Gutter Renewal |
$60K |
Buildings Reserve ($60K) |
Nil |
|
|
Funds are required for the renewal of the Civic Centre Roof Gutters. The renewal of the gutters is required due to evidence of rust that is deteriorating the gutters risking increased future leaks if not replaced. There have also been cases of water coming through light fittings creating safety concerns. It is proposed to replace the gutters with the variation being funded from the Buildings Reserve. Estimated Completion: 30 June 2026 Job Consolidation: 24934 |
|
|||
|
Alan Turner Depot Capital Works |
$212K |
Plant Replacement Reserve ($212K) |
|
|
|
The Plant, Fleet & Buildings division require funding for a number of required capital works projects at the Alan Turner Depot to be funded from the Plant Replacement Reserve (garaging component):
Main Office Kitchen & Lunchroom Refurbishment - $21K Funds are required for the refurbishment of the Alan Turner Depot Main Office kitchen and lunchroom. The works include the installation of new vinyl flooring, new cabinetry and tapware.
Store Amenities Upgrade - $47K Funds are required to upgrade the current amenities at the Alan Turner Store to accommodate the staff that have recently relocated to the new office space. This will also include the relocation of the communications rack and electrical.
Main Office Amenities Construction - $77K Funds are required to construct new amenities facilities upstairs of the main office building at the Alan Turner Depot to accommodate the increase in staffing that have relocated to the building.
Emulsion Tank Safety Upgrade - $67K Funds are required to undertake a safety upgrade to the Emulsion Tanks that are located at the Alan Turner Depot. The current emulsion refill area is not equipped with adequate spill collection and containment facilities. Works will include the removal of existing concrete and replacement with a larger concrete bunded area, the installation of catchment pits and a new oil separator connected to the existing sewer lines. This will ensure that the area is compliant with safety regulations.
Estimated Completion: 30 June 2026 Job Consolidations:24936, 24937, 24938 & 24939 |
|
|||
|
Parks Operations Capital Works |
$64K |
Parks & Recreation Reserve ($64K) |
Nil |
|
|
The Parks Operations division require funding for a number of capital works projects outside of existing maintenance budgets to be funded from the Parks & Recreation Reserve:
Norman Duck Oval Switchboard Relocation - $20K The works require a relocation of the meter board due to the latest regulations. The original meter board was on a power pole, which does not meet current standards. As a matter of safety for the club and to ensure standards are met, it is required that a new board be installed, along with a new cloud master unit.
Botanic Gardens Depot & Bomen Site CCTV installation - $20K Parks North have recently relocated to a new site at Bomen, where all machinery and small plant are now stored. The installation of CCTV is considered essential at this location. The existing CCTV system at the Botanic Gardens site is outdated and provides poor quality footage. Following a recent break-in where vision could not be clearly identified, it has been determined that an upgrade to the CCTV system is required to improve security and visibility.
Botanic Gardens Bridge Walkway Replacement - $14K The existing timber walkway at the Botanic Gardens, which provides access over the railway and toward the Tree Chapel, is deteriorating due to age and timber rot. It is proposed that the rotting timber be replaced with Envirowalk fibreglass grating, which is a durable, slip resistant material that will not rot over time and will significantly improve safety and longevity.
Botanic Gardens Tables & Chairs - $10K The Botanic Gardens team has received several requests for additional tables and chairs within the Gardens. Recently the team removed an overgrown garden bed that had become unsightly and replaced it with new turf and a small landscaped garden around the perimeter. It was determined that this area would be an ideal location for additional tables and chairs, given its proximity to the BBQ shelters and the adventure playground.
Estimated Completion: 30 June 2026 Job Consolidations: 24343 & 22107 |
|
|||
2025/26 Capital Works Summary
|
Approved Budget |
Proposed Movement |
Proposed Budget |
|
|
One-off |
$61,905,406 |
$2,172,943 |
$64,078,349 |
|
Recurrent |
$36,822,602 |
$0 |
$36,822,602 |
|
Total Capital Works |
$97,728,008 |
$2,172,943 |
$100,900,951 |
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 |
2025/26 Current |
2025/26 Proposed Budget |
2026/27 Current |
2026/27 Proposed Budget |
|
19627 |
Red Hill Rd/ Dalman Parkway Intersection Treatment – TT27 |
$125,699 |
$1,876,142 |
$1,750,443 |
$0 |
Current Restrictions
|
RESERVES SUMMARY |
|||||
|
31 DECEMBER 2025 |
|||||
|
|
CLOSING BALANCE 2024/25 |
ADOPTED RESERVE TRANSFERS 2025/26 |
BUDGET VARIATIONS APPROVED UP TO COUNCIL MEETING 15.12.2025 |
PROPOSED CHANGES for Council Resolution* |
BALANCE AS AT 31 DECEMBER 2025 |
|
|
|
|
|
|
|
|
Externally Restricted |
|
|
|
|
|
|
Developer Contributions - Section 7.11 |
(34,255,170) |
240,743 |
103,030 |
1,750,443 |
(32,160,955) |
|
Developer Contributions - Section 7.12 |
(1,249,835) |
(28,052) |
20,000 |
|
(1,257,887) |
|
Developer Contributions - Stormwater Section 64 |
(10,009,058) |
(802,931) |
31,000 |
|
(10,780,989) |
|
Sewer Fund |
(61,473,248) |
(299,197) |
3,892,130 |
|
(57,880,315) |
|
Solid Waste |
(35,184,093) |
2,571,122 |
2,106,559 |
|
(30,506,413) |
|
Specific Purpose Unexpended Grants & Contributions |
(64,727,816) |
0 |
64,727,816 |
|
0 |
|
SRV Levee Reserve |
(6,230,711) |
0 |
50,000 |
|
(6,180,711) |
|
Stormwater Levy |
(5,711,474) |
2,343,245 |
(1,757,647) |
|
(5,125,876) |
|
Total Externally Restricted |
(218,841,407) |
4,024,930 |
69,172,888 |
1,750,443 |
(143,893,146) |
|
|
|
|
|
|
|
|
Internally Restricted |
|
|
|||
|
Airport |
0 |
(246,893) |
(728,747) |
|
(975,641) |
|
Art Gallery |
(22,548) |
0 |
0 |
|
(22,548) |
|
Bridge Replacement |
(1,272,343) |
0 |
75,000 |
|
(1,197,343) |
|
Buildings |
(3,872,876) |
306,774 |
471,070 |
130,000 |
(2,965,032) |
|
CCTV |
(16,374) |
0 |
0 |
|
(16,374) |
|
Cemetery |
(1,405,926) |
(205,658) |
(13,923) |
|
(1,625,507) |
|
Civic Theatre |
(95,013) |
(57,388) |
30,000 |
|
(122,401) |
|
Civil Infrastructure |
(13,477,978) |
2,580,634 |
728,627 |
|
(10,168,717) |
|
Council Election |
(27,411) |
(127,418) |
0 |
|
(154,829) |
|
Economic Development |
(718,754) |
0 |
(627,513) |
|
(1,346,268) |
|
Emergency Events Reserve |
(337,706) |
(82,188) |
0 |
|
(419,894) |
|
Employee Leave Entitlements Gen Fund |
(3,986,868) |
0 |
0 |
|
(3,986,868) |
|
Environmental Conservation |
(116,578) |
0 |
0 |
|
(116,578) |
|
Event Attraction |
(490,685) |
32,500 |
56,000 |
|
(402,185) |
|
Financial Assistance Grants in Advance |
(6,769,742) |
0 |
6,769,742 |
|
0 |
|
Grant Co-Funding |
(313,076) |
180,000 |
133,076 |
|
0 |
|
Gravel Pit Restoration |
(647,804) |
3,333 |
57,863 |
|
(586,608) |
|
Information Services |
(3,722,935) |
136,696 |
335,689 |
|
(3,250,550) |
|
Insurance Variations |
(50,000) |
0 |
0 |
|
(50,000) |
|
Internal Loans |
(9,200,817) |
1,441,477 |
(713,098) |
|
(8,472,438) |
|
Lake Albert Improvements |
(727,876) |
601,887 |
85,713 |
|
(40,276) |
|
Library |
(632,518) |
(191,447) |
0 |
|
(823,965) |
|
Livestock Marketing Centre |
(8,155,294) |
3,181,495 |
(3,350,503) |
80,000 |
(8,244,302) |
|
Museum Acquisitions |
(67,114) |
0 |
0 |
|
(67,114) |
|
|
CLOSING BALANCE 2024/25 |
ADOPTED RESERVE TRANSFERS 2025/26 |
BUDGET VARIATIONS APPROVED UP TO COUNCIL MEETING 15.12.2025 |
PROPOSED CHANGES for Council Resolution* |
BALANCE AS AT 31 DECEMBER 2025 |
|
Net Zero Emissions |
(337,227) |
65,202 |
(173,823) |
|
(445,848) |
|
Oasis Reserve |
(1,215,960) |
852,154 |
(459,661) |
|
(823,467) |
|
Parks & Recreation Projects |
(2,754,108) |
48,771 |
1,352,270 |
64,000 |
(1,289,067) |
|
Parks Water |
(9,407) |
(3,103) |
0 |
|
(12,510) |
|
Planning Legals |
(41,747) |
(20,000) |
0 |
|
(61,747) |
|
Plant Replacement |
(7,234,600) |
32,001 |
3,893,481 |
212,000 |
(3,097,117) |
|
Project Carryovers |
(4,294,961) |
40,025 |
4,254,936 |
|
0 |
|
Public Art |
(187,777) |
30,000 |
149,432 |
|
(8,345) |
|
Service Reviews |
(200,000) |
0 |
0 |
|
(200,000) |
|
Sister Cities |
(29,520) |
0 |
0 |
|
(29,520) |
|
Stormwater Drainage |
(110,178) |
0 |
0 |
|
(110,178) |
|
Strategic Real Property |
(1,943,643) |
0 |
(2,088,647) |
|
(4,032,290) |
|
Subdivision Tree Planting |
(637,504) |
(20,000) |
0 |
|
(657,504) |
|
Unexpended External Loans |
(505,756) |
0 |
54,041 |
|
(451,715) |
|
Visitors Economy |
(33,394) |
(33,572) |
0 |
|
(66,966) |
|
Workers Compensation |
(137,879) |
(19,282) |
0 |
|
(157,161) |
|
Total Internally Restricted |
(75,801,895) |
8,526,000 |
10,291,025 |
486,000 |
(56,498,870) |
|
|
|
|
|
|
|
|
Total Restricted |
(294,643,301) |
12,550,929 |
79,463,912 |
2,236,443 |
(200,392,017) |
|
|
|
|
|
|
|
|
Total Unrestricted |
(14,444,000) |
0 |
0 |
0 |
(14,444,000) |
|
|
|
|
|
|
|
|
Total Cash, Cash Equivalents, and Investments |
(309,087,301) |
12,550,929 |
79,463,912 |
2,236,443 |
(214,836,017) |
Investment Summary as at 31 December 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 |
Closing
Balance |
December
EOM |
December |
Investment |
Maturity |
Term |
|
At Call Accounts |
|
|
|
|
|
|
|
|
|
NAB |
AA- |
52,253 |
54,385 |
3.60% |
0.02% |
N/A |
N/A |
N/A |
|
CBA |
AA- |
22,761,768 |
7,166,868 |
3.60% |
2.31% |
N/A |
N/A |
N/A |
|
CBA |
AA- |
14,271,817 |
29,314,632 |
3.65% |
9.43% |
N/A |
N/A |
N/A |
|
Macquarie Bank |
A+ |
10,274,539 |
10,306,741 |
3.40% |
3.32% |
N/A |
N/A |
N/A |
|
CBA |
AA- |
50,043,875 |
49,988,875 |
3.60% |
16.08% |
N/A |
N/A |
N/A |
|
Total At Call Accounts |
|
97,404,252 |
96,831,501 |
3.59% |
31.15% |
|
|
|
|
Short Term Deposits |
|
|
|
|
|
|
|
|
|
Bank of Sydney |
NR |
2,000,000 |
2,000,000 |
4.22% |
0.64% |
30/06/2025 |
30/06/2026 |
12 |
|
MyState |
BBB |
1,000,000 |
0 |
0.00% |
0.00% |
4/12/2024 |
4/12/2025 |
12 |
|
ING Bank |
A |
1,000,000 |
1,000,000 |
4.80% |
0.32% |
26/02/2025 |
26/02/2026 |
12 |
|
State Bank of India |
BBB- |
1,000,000 |
1,000,000 |
5.10% |
0.32% |
7/03/2025 |
9/03/2026 |
12 |
|
State Bank of India |
BBB- |
2,000,000 |
2,000,000 |
5.00% |
0.64% |
10/03/2025 |
10/03/2026 |
12 |
|
State Bank of India |
BBB- |
2,000,000 |
2,000,000 |
5.00% |
0.64% |
17/03/2025 |
17/03/2026 |
12 |
|
State Bank of India |
BBB- |
1,000,000 |
1,000,000 |
4.50% |
0.32% |
2/06/2025 |
2/06/2026 |
12 |
|
State Bank of India |
BBB- |
2,000,000 |
2,000,000 |
4.30% |
0.64% |
25/06/2025 |
25/06/2026 |
12 |
|
ICBC |
A |
1,000,000 |
1,000,000 |
4.24% |
0.32% |
10/07/2025 |
10/07/2026 |
12 |
|
Bank of Sydney |
NR |
2,000,000 |
2,000,000 |
4.17% |
0.64% |
18/08/2025 |
18/08/2026 |
12 |
|
ICBC |
A |
2,000,000 |
2,000,000 |
4.50% |
0.64% |
28/11/2025 |
30/11/2026 |
12 |
|
Police Credit Union |
NR |
1,000,000 |
1,000,000 |
4.50% |
0.32% |
28/11/2025 |
30/11/2026 |
12 |
|
P&N Bank |
BBB+ |
0 |
3,000,000 |
4.80% |
0.97% |
15/12/2025 |
15/12/2026 |
12 |
|
Total Short Term Deposits |
|
18,000,000 |
20,000,000 |
4.60% |
6.43% |
|
|
|
|
Medium Term Deposits |
|
|
|
|
|
|
|
|
|
Westpac |
AA- |
2,000,000 |
2,000,000 |
1.32% |
0.64% |
28/06/2021 |
29/06/2026 |
60 |
|
ICBC |
A |
3,000,000 |
3,000,000 |
5.07% |
0.97% |
30/06/2022 |
30/06/2027 |
60 |
|
ICBC |
A |
1,000,000 |
0 |
0.00% |
0.00% |
7/12/2020 |
8/12/2025 |
60 |
|
NAB |
AA- |
2,000,000 |
2,000,000 |
0.95% |
0.64% |
29/01/2021 |
29/01/2026 |
60 |
|
NAB |
AA- |
1,000,000 |
1,000,000 |
1.08% |
0.32% |
22/02/2021 |
20/02/2026 |
60 |
|
NAB |
AA- |
2,000,000 |
2,000,000 |
1.25% |
0.64% |
3/03/2021 |
2/03/2026 |
60 |
|
NAB |
AA- |
2,000,000 |
2,000,000 |
1.40% |
0.64% |
21/06/2021 |
19/06/2026 |
60 |
|
Westpac |
AA- |
2,000,000 |
2,000,000 |
1.32% |
0.64% |
25/06/2021 |
25/06/2026 |
60 |
|
ICBC |
A |
1,000,000 |
1,000,000 |
1.32% |
0.32% |
25/08/2021 |
25/08/2026 |
60 |
|
P&N Bank |
BBB+ |
2,000,000 |
2,000,000 |
4.90% |
0.64% |
11/03/2024 |
11/03/2026 |
24 |
|
ING Bank |
A |
1,000,000 |
1,000,000 |
5.11% |
0.32% |
23/05/2024 |
25/05/2026 |
24 |
|
Australian Military Bank |
BBB+ |
2,000,000 |
2,000,000 |
4.06% |
0.64% |
2/09/2025 |
4/09/2028 |
36 |
|
P&N Bank |
BBB+ |
2,000,000 |
2,000,000 |
4.85% |
0.64% |
16/12/2024 |
16/12/2026 |
24 |
|
Police Credit Union |
NR |
2,000,000 |
2,000,000 |
4.75% |
0.64% |
17/02/2025 |
17/02/2027 |
24 |
|
P&N Bank |
BBB+ |
2,000,000 |
2,000,000 |
5.00% |
0.64% |
14/03/2023 |
15/03/2027 |
48 |
|
Auswide |
BBB |
2,000,000 |
2,000,000 |
4.95% |
0.64% |
13/04/2023 |
13/04/2026 |
36 |
|
P&N Bank |
BBB+ |
2,000,000 |
2,000,000 |
5.20% |
0.64% |
20/04/2023 |
20/04/2027 |
48 |
|
P&N Bank |
BBB+ |
1,000,000 |
1,000,000 |
5.20% |
0.32% |
26/05/2023 |
26/05/2026 |
36 |
|
ING Bank |
A |
2,000,000 |
2,000,000 |
5.38% |
0.64% |
28/06/2024 |
28/06/2029 |
60 |
|
ING Bank |
A |
1,000,000 |
1,000,000 |
4.90% |
0.32% |
29/11/2024 |
29/11/2026 |
24 |
|
ING Bank |
A |
2,000,000 |
0 |
0.00% |
0.00% |
14/12/2023 |
15/12/2025 |
24 |
|
ING Bank |
A |
2,000,000 |
2,000,000 |
5.14% |
0.64% |
3/01/2024 |
5/01/2026 |
24 |
|
P&N Bank |
BBB+ |
2,000,000 |
2,000,000 |
5.10% |
0.64% |
4/01/2024 |
4/01/2027 |
36 |
|
Suncorp |
AA- |
1,000,000 |
1,000,000 |
5.08% |
0.32% |
8/01/2024 |
8/01/2026 |
24 |
|
Australian Unity |
BBB+ |
1,000,000 |
1,000,000 |
4.93% |
0.32% |
7/03/2024 |
9/03/2026 |
24 |
|
ING Bank |
A |
2,000,000 |
2,000,000 |
5.10% |
0.64% |
23/04/2024 |
24/04/2028 |
48 |
|
NAB |
AA- |
2,000,000 |
2,000,000 |
5.10% |
0.64% |
6/05/2024 |
6/05/2026 |
24 |
|
ING Bank |
A |
1,000,000 |
1,000,000 |
5.12% |
0.32% |
24/05/2024 |
24/05/2027 |
36 |
|
ING Bank |
A |
1,000,000 |
1,000,000 |
5.26% |
0.32% |
31/05/2024 |
31/05/2028 |
48 |
|
ING Bank |
A |
1,000,000 |
1,000,000 |
4.24% |
0.32% |
3/06/2025 |
4/06/2029 |
48 |
|
ING Bank |
A |
2,000,000 |
2,000,000 |
5.26% |
0.64% |
6/06/2024 |
6/06/2028 |
48 |
|
Australian Military Bank |
BBB+ |
1,000,000 |
1,000,000 |
5.20% |
0.32% |
11/06/2024 |
11/06/2026 |
24 |
|
Australian Military Bank |
BBB+ |
2,000,000 |
2,000,000 |
5.20% |
0.64% |
11/06/2024 |
11/06/2026 |
24 |
|
BankVic |
BBB+ |
2,000,000 |
2,000,000 |
4.00% |
0.64% |
26/06/2025 |
26/06/2028 |
36 |
|
BankVic |
BBB+ |
2,000,000 |
2,000,000 |
4.65% |
0.64% |
27/08/2024 |
27/08/2026 |
24 |
|
ING Bank |
A |
2,000,000 |
2,000,000 |
4.63% |
0.64% |
30/08/2024 |
30/08/2026 |
24 |
|
ING Bank |
A |
1,000,000 |
1,000,000 |
4.51% |
0.32% |
16/09/2024 |
18/09/2028 |
48 |
|
Westpac |
AA- |
2,000,000 |
2,000,000 |
4.45% |
0.64% |
27/09/2024 |
28/09/2026 |
24 |
|
ING Bank |
A |
2,000,000 |
2,000,000 |
4.79% |
0.64% |
17/10/2024 |
19/10/2026 |
24 |
|
Westpac |
AA- |
1,000,000 |
1,000,000 |
4.70% |
0.32% |
8/10/2024 |
8/10/2026 |
24 |
|
Westpac |
AA- |
2,000,000 |
2,000,000 |
4.73% |
0.64% |
21/10/2024 |
21/10/2027 |
36 |
|
Hume Bank |
BBB+ |
2,000,000 |
2,000,000 |
4.95% |
0.64% |
7/11/2024 |
7/11/2026 |
24 |
|
ING Bank |
A |
2,000,000 |
2,000,000 |
5.02% |
0.64% |
14/11/2024 |
16/11/2026 |
24 |
|
ING Bank |
A |
1,000,000 |
1,000,000 |
5.00% |
0.32% |
27/11/2024 |
27/11/2026 |
24 |
|
ING Bank |
A |
2,000,000 |
2,000,000 |
5.07% |
0.64% |
28/11/2024 |
28/11/2028 |
48 |
|
P&N Bank |
BBB+ |
3,000,000 |
3,000,000 |
4.85% |
0.97% |
16/12/2024 |
16/12/2027 |
36 |
|
ING Bank |
A |
2,000,000 |
2,000,000 |
4.80% |
0.64% |
21/01/2025 |
21/01/2028 |
36 |
|
Australian Military Bank |
BBB+ |
1,000,000 |
1,000,000 |
4.82% |
0.32% |
30/01/2025 |
29/01/2027 |
24 |
|
Australian Military Bank |
BBB+ |
2,000,000 |
2,000,000 |
4.73% |
0.64% |
10/02/2025 |
10/02/2028 |
36 |
|
Australian Military Bank |
BBB+ |
1,000,000 |
1,000,000 |
4.79% |
0.32% |
4/02/2025 |
4/02/2028 |
36 |
|
Regional Australia Bank |
BBB+ |
2,000,000 |
2,000,000 |
4.71% |
0.64% |
12/02/2025 |
12/02/2027 |
24 |
|
Hume Bank |
BBB+ |
2,000,000 |
2,000,000 |
4.75% |
0.64% |
12/02/2025 |
12/02/2029 |
48 |
|
Westpac |
AA- |
2,000,000 |
2,000,000 |
4.70% |
0.64% |
12/02/2025 |
14/02/2028 |
36 |
|
ING Bank |
A |
1,000,000 |
1,000,000 |
4.77% |
0.32% |
26/02/2025 |
28/02/2028 |
36 |
|
ING Bank |
A |
2,000,000 |
2,000,000 |
4.62% |
0.64% |
3/03/2025 |
3/03/2028 |
36 |
|
State Bank of India |
BBB- |
2,000,000 |
2,000,000 |
4.65% |
0.64% |
14/03/2025 |
15/03/2027 |
24 |
|
State Bank of India |
BBB- |
2,000,000 |
2,000,000 |
4.65% |
0.64% |
31/03/2025 |
31/03/2027 |
24 |
|
ING Bank |
A |
1,000,000 |
1,000,000 |
4.81% |
0.32% |
1/04/2025 |
1/04/2030 |
60 |
|
State Bank of India |
BBB- |
2,000,000 |
2,000,000 |
4.25% |
0.64% |
5/05/2025 |
5/05/2027 |
24 |
|
State Bank of India |
BBB- |
1,000,000 |
1,000,000 |
4.25% |
0.32% |
29/05/2025 |
31/05/2027 |
24 |
|
State Bank of India |
BBB- |
2,000,000 |
2,000,000 |
4.15% |
0.64% |
25/06/2025 |
25/06/2027 |
24 |
|
State Bank of India |
BBB- |
2,000,000 |
2,000,000 |
4.15% |
0.64% |
2/07/2025 |
2/07/2027 |
24 |
|
State Bank of India |
BBB- |
1,000,000 |
1,000,000 |
4.05% |
0.32% |
7/07/2025 |
7/07/2027 |
24 |
|
ING Bank |
A |
2,000,000 |
2,000,000 |
4.18% |
0.64% |
8/07/2025 |
9/07/2029 |
48 |
|
Regional Australia Bank |
BBB+ |
1,000,000 |
1,000,000 |
4.00% |
0.32% |
30/07/2025 |
30/07/2027 |
24 |
|
Westpac |
AA- |
1,000,000 |
1,000,000 |
4.00% |
0.32% |
12/08/2025 |
14/08/2028 |
36 |
|
Arab Bank Australia |
NR |
2,000,000 |
2,000,000 |
3.95% |
0.64% |
22/08/2025 |
24/08/2027 |
24 |
|
Australian Military Bank |
BBB+ |
2,000,000 |
2,000,000 |
4.05% |
0.64% |
27/08/2025 |
27/08/2027 |
24 |
|
Australian Military Bank |
BBB+ |
3,000,000 |
3,000,000 |
4.07% |
0.97% |
29/08/2025 |
29/08/2028 |
36 |
|
Police Credit Union |
NR |
1,000,000 |
1,000,000 |
4.06% |
0.32% |
8/09/2025 |
8/09/2027 |
24 |
|
Australian Military Bank |
BBB+ |
1,000,000 |
1,000,000 |
4.08% |
0.32% |
9/09/2025 |
11/09/2028 |
36 |
|
BankVic |
BBB+ |
2,000,000 |
2,000,000 |
4.09% |
0.64% |
15/09/2025 |
15/09/2028 |
36 |
|
Australian Military Bank |
BBB+ |
2,000,000 |
2,000,000 |
4.05% |
0.64% |
16/09/2025 |
16/09/2027 |
24 |
|
BankVic |
BBB+ |
2,000,000 |
2,000,000 |
4.15% |
0.64% |
21/10/2025 |
21/10/2027 |
24 |
|
Police Credit Union |
NR |
1,000,000 |
1,000,000 |
4.55% |
0.32% |
14/11/2025 |
15/11/2027 |
24 |
|
Police Credit Union |
NR |
2,000,000 |
2,000,000 |
4.56% |
0.64% |
17/11/2025 |
17/11/2028 |
36 |
|
Westpac |
AA- |
1,000,000 |
1,000,000 |
4.45% |
0.32% |
20/11/2025 |
20/11/2028 |
36 |
|
Westpac |
AA- |
2,000,000 |
2,000,000 |
4.53% |
0.64% |
28/11/2025 |
28/11/2028 |
36 |
|
Westpac |
AA- |
0 |
1,000,000 |
4.66% |
0.32% |
4/12/2025 |
4/12/2028 |
36 |
|
Westpac |
AA- |
0 |
1,000,000 |
4.64% |
0.32% |
8/12/2025 |
8/12/2027 |
24 |
|
P&N Bank |
BBB+ |
0 |
2,000,000 |
4.90% |
0.64% |
15/12/2025 |
15/12/2027 |
24 |
|
Westpac |
AA- |
0 |
2,000,000 |
4.79% |
0.64% |
15/12/2025 |
15/12/2028 |
36 |
|
Total Medium Term Deposits |
|
132,000,000 |
135,000,000 |
4.37% |
43.43% |
|
|
|
|
Floating Rate Notes |
|
|
|
|
|
|
|
|
|
Newcastle Permanent |
BBB+ |
1,005,726 |
1,009,238 |
BBSW + 100 |
0.32% |
10/02/2022 |
10/02/2027 |
60 |
|
NAB |
AA- |
2,534,133 |
2,542,974 |
BBSW + 120 |
0.82% |
25/11/2022 |
25/11/2027 |
60 |
|
Suncorp |
AA- |
1,125,541 |
1,116,217 |
BBSW + 125 |
0.36% |
14/12/2022 |
14/12/2027 |
60 |
|
CBA |
AA- |
2,037,512 |
2,044,524 |
BBSW + 115 |
0.66% |
13/01/2023 |
13/01/2028 |
60 |
|
Bank Australia |
BBB+ |
1,918,217 |
1,925,527 |
BBSW + 155 |
0.62% |
22/02/2023 |
22/02/2027 |
48 |
|
Bendigo-Adelaide Covered |
AAA |
1,022,596 |
1,014,514 |
BBSW + 115 |
0.33% |
16/06/2023 |
16/06/2028 |
60 |
|
CBA |
AA- |
2,527,316 |
2,536,466 |
BBSW + 95 |
0.82% |
17/08/2023 |
17/08/2028 |
60 |
|
ANZ |
AA- |
2,139,047 |
2,123,086 |
BBSW + 93 |
0.68% |
11/09/2023 |
11/09/2028 |
60 |
|
Bank Australia |
BBB+ |
1,668,492 |
1,674,363 |
BBSW + 150 |
0.54% |
30/10/2023 |
30/10/2026 |
36 |
|
ANZ |
AA- |
2,532,418 |
2,541,466 |
BBSW + 96 |
0.82% |
5/02/2024 |
5/02/2029 |
60 |
|
Suncorp |
AA- |
1,017,508 |
1,010,015 |
BBSW + 98 |
0.32% |
19/03/2024 |
19/03/2029 |
60 |
|
ING Bank |
A |
506,952 |
503,037 |
BBSW + 95 |
0.16% |
22/03/2024 |
22/03/2027 |
36 |
|
BoQ |
A- |
1,681,557 |
1,687,583 |
BBSW + 128 |
0.54% |
30/04/2024 |
30/04/2029 |
60 |
|
Bendigo-Adelaide |
A- |
806,207 |
809,104 |
BBSW + 100 |
0.26% |
14/05/2024 |
14/05/2027 |
36 |
|
ANZ |
AA- |
1,523,262 |
1,512,179 |
BBSW + 86 |
0.49% |
18/06/2024 |
18/06/2029 |
60 |
|
Teachers Mutual |
BBB+ |
916,090 |
908,693 |
BBSW + 130 |
0.29% |
21/06/2024 |
21/06/2027 |
36 |
|
ING Bank |
A |
2,222,347 |
2,230,489 |
BBSW + 102 |
0.72% |
20/08/2024 |
20/08/2029 |
60 |
|
CBA |
AA- |
1,511,607 |
1,517,185 |
BBSW + 87 |
0.49% |
22/08/2024 |
22/08/2029 |
60 |
|
Suncorp |
AA- |
2,433,688 |
2,415,855 |
BBSW + 92 |
0.78% |
27/09/2024 |
27/09/2029 |
60 |
|
Bendigo-Adelaide |
A- |
757,779 |
760,370 |
BBSW + 96 |
0.24% |
24/10/2024 |
24/10/2028 |
48 |
|
ANZ |
AA- |
1,307,220 |
1,312,190 |
BBSW + 81 |
0.42% |
18/02/2025 |
18/02/2030 |
60 |
|
Rabobank |
A+ |
1,306,551 |
1,311,913 |
BBSW + 85 |
0.42% |
20/02/2025 |
20/02/2030 |
60 |
|
The Bank of Nova Scotia |
A+ |
2,034,852 |
2,019,306 |
BBSW + 140 |
0.65% |
21/03/2025 |
21/03/2030 |
60 |
|
Suncorp |
AA- |
1,007,214 |
1,011,310 |
BBSW + 93 |
0.33% |
21/05/2025 |
21/05/2030 |
60 |
|
Macquarie Bank |
A+ |
1,410,247 |
1,415,608 |
BBSW + 82 |
0.46% |
17/07/2025 |
17/07/2030 |
60 |
|
Total Floating Rate Notes |
|
38,954,078 |
38,953,213 |
|
12.53% |
|
|
|
|
Fixed Rate Bonds |
|
|
|
|
|
|
|
|
|
ING Covered |
AAA |
736,372 |
738,338 |
1.10% |
0.24% |
19/08/2021 |
19/08/2026 |
60 |
|
Northern Territory Treasury |
AA- |
3,000,000 |
3,000,000 |
1.50% |
0.97% |
24/08/2021 |
15/12/2026 |
64 |
|
BoQ |
A- |
1,865,723 |
1,870,674 |
2.10% |
0.60% |
27/10/2021 |
27/10/2026 |
60 |
|
BoQ |
A- |
2,039,941 |
2,034,730 |
5.30% |
0.65% |
30/04/2024 |
30/04/2029 |
60 |
|
ANZ |
AA- |
1,216,473 |
1,211,587 |
4.65% |
0.39% |
18/02/2025 |
18/02/2030 |
60 |
|
The Bank of Nova Scotia |
A+ |
2,023,046 |
2,017,434 |
5.23% |
0.65% |
21/03/2025 |
21/03/2030 |
60 |
|
Macquarie Bank |
A+ |
1,702,918 |
1,695,065 |
4.37% |
0.55% |
17/07/2025 |
17/07/2030 |
60 |
|
Northern Territory Treasury |
AA- |
2,000,000 |
2,000,000 |
1.50% |
0.64% |
6/08/2021 |
15/12/2026 |
64 |
|
Northern Territory Treasury |
AA- |
1,000,000 |
1,000,000 |
1.50% |
0.32% |
14/07/2021 |
15/12/2026 |
65 |
|
Northern Territory Treasury |
AA- |
2,000,000 |
2,000,000 |
1.30% |
0.64% |
29/04/2021 |
15/06/2026 |
61 |
|
Northern Territory Treasury |
AA- |
2,000,000 |
0 |
0.00% |
0.00% |
30/11/2020 |
15/12/2025 |
60 |
|
Northern Territory Treasury |
AA- |
1,000,000 |
0 |
0.00% |
0.00% |
20/11/2020 |
15/12/2025 |
61 |
|
Northern Territory Treasury |
AA- |
2,000,000 |
0 |
0.00% |
0.00% |
21/10/2020 |
15/12/2025 |
62 |
|
Total Fixed Rate Bonds |
|
22,584,474 |
17,567,828 |
2.89% |
5.65% |
|
|
|
|
Managed Funds |
|
|
|
|
|
|
|
|
|
NSW Tcorp |
NR |
2,461,114 |
2,469,672 |
0.35% |
0.79% |
17/03/2014 |
1/12/2031 |
212 |
|
Total Managed Funds |
|
2,461,114 |
2,469,672 |
0.35% |
0.79% |
|
|
|
|
TOTAL CASH ASSETS, CASH |
|
311,403,918 |
310,822,214 |
|
100.00% |
|
|
|
Council’s investment portfolio is dominated by Term Deposits, equating to approximately 50% of the portfolio across a broad range of counterparties. Cash equates to 31%, with Floating Rate Notes (FRNs) around 12.5%, fixed rate bonds around 5.5% 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 slightly over the past month, down from $311.40M to $310.82M. This slight decrease in portfolio balance is reflective of a number of capital works contract payments being made prior to the end of the calendar year.
Monthly Investment Movements
Redemptions/Sales – Council redeemed/sold the following investment securities during December 2025:
|
Institution and Type |
Amount |
Investment Term |
Interest Rate |
Comments |
|
MyState Bank (BBB) Term Deposit |
$1M |
12 months |
5.15% |
This term deposit was redeemed on maturity and these funds were reinvested in a new 3-year Westpac Bank term deposit (as below). |
|
ICBC (A) Term Deposit |
$1M |
5 years |
1.20% |
This term deposit was redeemed on maturity and these funds were reinvested in a new 2-year Westpac Bank term deposit (as below). |
|
ING Bank (A) Term Deposit |
$2M |
2 years |
5.20% |
This term deposit was redeemed on maturity and these funds were reinvested in a new 3-year Westpac Bank term deposit (as below). |
|
Northern Territory Treasury (AA-) Fixed Rate Bond |
$2M |
5 years |
1.00% |
This fixed rate bond was redeemed on maturity and these funds were reinvested in a new 12-month P&N Bank term deposit and a new 2-year P&N Bank term deposit (as below). |
|
Northern Territory Treasury (AA-) Fixed Rate Bond |
$1M |
5 years |
1.00% |
This fixed rate bond was redeemed on maturity and these funds were reinvested in a new 12-month P&N Bank term deposit and a new 2-year P&N Bank term deposit (as below). |
|
Northern Territory Treasury (AA-) Fixed Rate Bond |
$2M |
5 years |
1.00% |
This fixed rate bond was redeemed on maturity and these funds were reinvested in a new 12-month P&N Bank term deposit and a new 2-year P&N Bank term deposit (as below). |
New Investments – Council purchased the following investment securities during December 2025:
|
Institution and Type |
Amount |
Investment Term |
Interest Rate |
Comments |
|
Westpac (AA-) Term Deposit |
$1M |
3 years |
4.66% |
The Westpac rate of 4.66% compared favourably to the rest of the market for this term. The next best rate for this term was 4.60%. |
|
Westpac (AA-) Term Deposit |
$1M |
2 years |
4.64% |
The Westpac rate of 4.64% compared favourably to the rest of the market for this term. The next best rate for this term was 4.60%. |
|
Westpac (AA-) Term Deposit |
$2M |
3 years |
4.79% |
The Westpac rate of 4.79% compared favourably to the rest of the market for this term. The next best rate for this term was also 4.79%, with Westpac selected for this investment due to having a higher credit rating. |
|
P&N Bank (BBB+) Term Deposit |
$3M |
12 months |
4.80% |
The P&N Bank rate of 4.80% compared favourably to the rest of the market for this term. The next best rate for this term was 4.75%. |
|
P&N Bank (BBB+) Term Deposit |
$2M |
2 years |
4.90% |
The P&N Bank rate of 4.90% compared favourably to the rest of the market for this term. The next best rate for this term was 4.75%. |
Rollovers – Council did not rollover any investment securities during December 2025.
Monthly Investment Performance
Interest/growth/capital gains/(losses) for the month totalled $1,021,727, which compares favourably with the budget for the period of $686,282 - outperforming budget for the month by $335,445.
Council’s outperformance to budget for December 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. For the 2025/26 financial year to date, Council has accrued $920,310 on this AIF funding received. As the project commences and the funding is spent, the monthly interest will reduce.
Council experienced a positive return on its NSW T-Corp Managed Fund for the month of December, with the fund returning +0.35% (or $8,558) with domestic shares (+1.30%) being the main contributor to this month’s performance.
Over the past year, Council’s investment portfolio has returned 4.18%, outperforming the AusBond Bank Bill index by 0.21%. Councils investment portfolio has continued to perform in line with the AusBond Bank Bill Index* over the longer-term time period, returning 3.94% per annum over the past 3 years – slightly underperforming the benchmark by -0.17% 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
I hereby certify that all of the above investments have been made in accordance with the provision of Section 625 of the Local Government Act 1993 and the regulations there under, and in accordance with the Investment Policy adopted by Council on 24 June 2024.
Carolyn Rodney
Responsible Accounting Officer
Policy and Legislation
Budget variations are reported in accordance with Council’s POL 052 Budget Policy.
Investments are reported in accordance with Council’s POL 075 Investment Policy.
Local Government Act 1993
Section 625 - How may councils invest?
Local Government (General) Regulation 2021
Section 212 - Reports on council investments
Link to Strategic Plan
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
Risk Management Issues for Council
This report is a control mechanism that assists in addressing the following potential risks to Council:
· Loss of investment income or capital resulting from ongoing management of investments, especially during difficult economic times
· Failure to demonstrate to the community that its funds are being expended in an efficient and effective manner
Internal / External Consultation
All relevant areas within 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 2025/26 to 2034/35 |
|
|
Report submitted to the Ordinary Meeting of Council on Monday 19 January 2026 |
RP-2 |
RP-2 REQUESTS FOR FINANCIAL ASSISTANCE - SECTION 356
Author: Carolyn Rodney
|
Summary: |
Council has received two fee waiver requests for Council’s consideration. |
That Council:
a in accordance with Section 356 of the Local Government Act 1993, provide financial assistance to the following community groups:
i Wagga Wagga Aboriginal Education Consultative Group – AECG Meeting for $400.00
ii Army 125th Birthday Community Event for $290.00
b note the proposed budget available for financial assistance requests for the remainder of the 2025/26 financial year
Report
Two (2) Section 356 financial assistance requests are proposed for consideration at this Ordinary Council meeting:
1. Wagga Wagga Aboriginal Education Consultative Group – AECG Meeting for $400.00
In the attached email, Christine Harris, the President of Wagga Wagga Aboriginal Education Consultative Group requests a fee waiver for the room hire of the Council meeting room for the 12 March & 4 June 2026.
The AECG is a not-for-profit Aboriginal organisation that provides advice on all matters relevant to education and training and plan to use the room for their annual meetings.
The room hire is for 1.5 hours per session, at a cost of $200.00 per booking. The Council meeting room is not available on the other three dates requested in the email.
The above request aligns with Council’s Strategic Plan “Strong sense of place and identity” – Objective: Create a sense of identity and pride within our community”
2. Army 125th Birthday Community Event for $290.00
Council staff and the Mayor have had discussions regarding a partnership to deliver a community event for the Australian Army to celebrate 125 years of service to the Country. The Army will recognise this milestone by demonstrating its proud history and connection to the City of Wagga Wagga by conducting an off-base open day at Riverside on Saturday 14th March 2026.
The intent is to hold an event that all members of the Wagga community can participate in. The event would comprise static display of military vehicles and equipment, a display of military working dogs and military personnel.
Riverside has been booked for bump-in on Friday 13 March 2026, with the event and pack-down scheduled for Saturday 14 March 2026. The fee for this booking is $145 per day, the total cost is $290.
Financial Implications
|
(rounded to the nearest dollar where applicable) |
|
|
Total Section 356 Contributions, Grants and Donations 2025/26 Budget allocation |
$2,458,659 |
|
Total of Section 356 Contributions, Grants and Donations budget allocations approved during 2025/26 Operational Plan adoption* |
($2,435,433) |
|
Total of fee waivers approved to date this financial year |
($4,379) |
|
Revised Balance of Section 356 budget available for requests received during the 2025/26 financial year |
$18,847 |
|
1) Aboriginal Education Consultative Group |
($400) |
|
2) Army 125th Birthday Community event |
($290) |
|
Subtotal Fee Waivers included in this report proposed to be funded from the Section 356 Budget |
($690) |
|
Proposed Balance of Section 356 fee waiver financial assistance budget for the remainder of the 2025/26 Financial Year |
$18,157 |
*This figure includes Community leases rental subsidies ($1,835,325); Annual Grants Programs ($232,000); Major Events Sponsorships ($100,000); Fee Waivers and Rates and Annual Charges Waivers ($69,580); Contributions ($55,587); Scholarships ($6,000); Road Closures ($29,000) and Other ($107,941).
Policy and Legislation
POL 078 – Financial Assistance Policy
Link to Strategic Plan
Vibrant
Strong sense of place and identity
Create a sense of identity and pride within our community
Risk Management Issues for Council
N/A
Internal / External Consultation
Cross Directorate consultation has been undertaken as required.
|
1⇩. |
AECG - Fee Waiver Request |
|
|
Report submitted to the Ordinary Meeting of Council on Monday 19 January 2026 |
RP-3 |
RP-3 QUESTIONS WITH NOTICE
Author: Scott Gray
|
Summary: |
This report is to respond to questions with notice raised by Councillors in accordance with Council’s Code of Meeting Practice. |
|
That Council receive and note the report. |
Report
The following questions with notice were received prior to the meeting, in accordance with the Code of Meeting Practice.
|
Councillor J McKinnon The NRMA EV charger in the Playhouse carpark has been modified such that it can now charge two EV's at the same time. Does council have plans to provide a second dedicated car park for this charger? |
|
Following a customer enquiry received last month raising this same concern, Council’s Infrastructure team took action to address the issue and has since installed a second dedicated EV charging bay at the site. As a result, the charger is now supported by two clearly designated EV charging spaces, enabling two vehicles to charge at the same time.
|
|
Councillor J McKinnon Does Council have plans to do any rehabilitation works on the road surface at the intersection of Tongaboo Lane and Morrow Street? |
|
At this time, Council does not have any rehabilitation works scheduled for the road surface at the intersection of Tongaboo Lane and Morrow Street. Council’s surveillance team have inspected the intersection. The markings currently visible on the road surface are understood to relate to the identification of underground utilities rather than upcoming road rehabilitation works. |
Financial Implications
N/A
Policy and Legislation
Code of Meeting Practice
Link to Strategic Plan
Regional Leadership
Good governance
Provide professional, innovative, accessible and efficient services.
Risk Management Issues for Council
N/A
Internal / External Consultation
N/A
|
Report submitted to the Ordinary Meeting of Council on Monday 19 January 2026 |
M-1 |
Committee Minutes
M-1 CONFIRMATION OF MINUTES - WAGGA WAGGA AIRPORT SPECIAL PURPOSE COMMITTEE - 17 DECEMBER 2025
Author: Scott Gray
|
Summary: |
This report presents the minutes of the Wagga Airport Special Purpose Committee meeting held on 17 December 2025. |
That Council:
a receive and note the minutes of the Wagga Airport Special Purpose Committee meeting held on 17 December 2025
b adopt the amended Terms of Reference for the Wagga Airport Special Purpose Committee
Report
The Minutes of the Wagga Airport Special Purpose Committee meeting held on 17 December 2025 are presented to Council for consideration. A summary of the matters considered and resolutions made is outlined below.
RP-1 Election of Chairperson and Deputy Chairperson
As this was the first meeting of the newly established Wagga Airport Special Purpose Committee, the Committee was required to elect a Chairperson and Deputy Chairperson for the term of the Committee. The Committee resolved to appoint Councillor Richard Foley as Chairperson and Councillor Amelia Parkins as Deputy Chairperson for the term of the Committee.
RP-2 Review of Terms of Reference
The Committee considered the adopted Terms of Reference and proposed amendments intended to clarify the Committee’s role, scope, responsibilities and reporting arrangements and to ensure alignment with Council’s governance framework and contemporary practice. The Committee resolved to approve the proposed amendments and refer the amended Terms of Reference to Council for adoption.
RP-3 Proposed 2026 Meeting Dates
The Committee considered proposed meeting arrangements for 2026 to ensure regular oversight of airport matters and effective engagement between Committee members and Council staff. The Committee resolved to endorse fortnightly Wednesday meetings, commencing on 28 January 2026 at 12:30pm.
RP-4 Wagga Airport Update
Council staff provided the Committee with a general update on the current status of the Wagga Wagga Airport, covering a range of operational, planning and strategic matters, including current airport operations, existing leases and tenancy arrangements and broader issues relevant to the future planning and development of the airport precinct. The Committee discussed the importance of improving member understanding of the airport’s historical context, current planning framework and strategic constraints, including Defence interests, aviation safety requirements and commercial-in-confidence considerations. The update also highlighted the need for a coordinated and contemporary approach to future airport planning, including the preparation of a new Airport Masterplan to guide long-term development and investment decisions.
Financial Implications
N/A
Policy and Legislation
Wagga Wagga City Council Code of Meeting Practice
Link to Strategic Plan
Regional Leadership
Engaged Community
Establish partnerships and relationships with community and foster opportunities for collaboration and action.
Risk Management Issues for Council
No specific risks are identified in noting the minutes. Adoption of the updated Terms of Reference will strengthen governance clarity and reduce the risk of role ambiguity.
Internal / External Consultation
The Wagga Airport Special Purpose Committee comprises Councillors, independent members and senior Council staff. Relevant internal and external stakeholders will continue to be consulted as required in relation to airport operations, strategic planning and future development.
|
1⇩. |
Wagga Wagga Airport Special Purpose Committee - Minutes - 17 December 2025 |
|
|
2⇩. |
Wagga Wagga Airport Special Purpose Committee - Terms of Reference - Revised - December 2025 |
|
|
Report submitted to the Confidential Meeting of Council on Monday 19 January 2026 |
CONF-1 |
Confidential Reports
CONF-1 LAND ACQUISITION
Author: Matthew Dombrovski
Executive: Fiona Piltz
This report is CONFIDENTIAL in accordance with Section 10A(2) of the Local Government Act 1993, which permits the meeting to be closed to the public for business relating to the following: -
(d) (i) commercial information of a confidential nature that would, if disclosed, prejudice the commercial position of the person who supplied it.
