Agenda and
Business Paper

 

Ordinary Meeting of Council

 

 

 

To be held on
Monday 26 February 2024

at 6.00pm

 

 

 

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

wagga.nsw.gov.au

NOTICE OF MEETING

 

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

 

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

 

 

WAGGA WAGGA CITY COUNCILLORS

 

STATEMENT OF ETHICAL OBLIGATIONS

Councillors are reminded of their Oath or Affirmation of Office made under Secion 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 February 2024

ORDER OF BUSINESS:

CLAUSE               PRECIS                                                                                            PAGE

ACKNOWLEDGEMENT OF COUNTRY                                                                                   3

REFLECTION                                                                                                                         3

APOLOGIES                                                                                                                          3

Confirmation of Minutes

CM-1           ORDINARY COUNCIL MEETING -12 FEBRUARY 2024                                       3

DECLARATIONS OF INTEREST                                                                                            3

Motions Of Which Due Notice Has Been Given

NOM-1         NOTICE OF MOTION – CALL FOR AN ALTERNATIVE LOWER GOBBAGOMBALIN BRIDGE DUPLICATION CONSTRUCTION PROJECT                                          4

NOM-2         NOTICE OF MOTION – PROPOSED PEDESTRIAN CROSSING AT BOOROOMA ST ROUNDABOUT AREA                                                                                        6

Reports from Staff

RP-1            DA23/0381 - 10 HENSCHKE AVENUE, SAN ISIDORE DEMOLITION OF TWO EXISTING SHEDS AND CONSTRUCTION OF A NEW SHED                                                7

RP-2            PLANNING PROPOSAL (LEP22/0002) BRUNSLEA PARK, FOREST HILL TO CHANGE LAND ZONING AND MINIMUM LOT SIZE PROVISIONS OF THE WAGGA WAGGA LOCAL ENVIRONMENTAL PLAN 2010                                                                           14

RP-3            REUSABLE CLOTH NAPPY AND MENSTRUAL PRODUCT REBATE                  24

RP-4            MAJOR EVENTS, FESTIVALS AND FILMS SPONSORSHIP 2023/24 - FINAL ROUND                                                                                                                   27

RP-5            2024/25 Airport Fees and Charges                                                            33

RP-6            FINANCIAL PERFORMANCE REPORT AS AT 31 JANUARY 2024                      40

RP-7            REQUESTS FOR FINANCIAL ASSISTANCE - SECTION 356                               72

RP-8            PROPOSED GRAZING LICENCES - EUNONY BRIDGE ROAD                            75

RP-9            PROPOSED EXPRESSION OF INTEREST CAMPAIGN - GRAZING LICENCES              80

RP-10          COMPLETION OF PRIVATE WORKS - ELIMINATION OF A JOINT SEWER CONNECTION AT 41-43 COLLINS STREET, TURVEY PARK                                                      86

RP-11          Unreasonable Complainant Contact Policy (POL 056)                      88

RP-12          RESOLUTIONS AND NOTICES OF MOTIONS REGISTERS                                 118

RP-13          QUESTIONS WITH NOTICE                                                                                120

RP-14          AUDIT, RISK AND IMPROVEMENT COMMITTEE ANNUAL REPORT AND INTERNAL AUDIT REPORT 2022/2023                                                                                 122

 

 

Committee Minutes

M-1              Local Traffic Committee Minutes - 8 February 2024                           155   

                                                                                                                                      

Confidential Reports

CONF-1       RFT2024-18 MANGOPLAH RURAL FIRE SERVICES SHED EXTENSION D&C              164

CONF-2       RFT2021-11 REFRESH TRADE SERVICES PANEL CONTRACT                         165

CONF-3       PROPOSED ACQUISITION OF LAND - PART 6318 OLYMPIC HIGHWAY, URANQUINTY, BEING PART LOT 1 DP 1068577                                                                        166

 

 

 

ACKNOWLEDGEMENT OF COUNTRY

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

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

 

 

REFLECTION

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

 

 

APOLOGIES

 

 

Confirmation of Minutes

CM-1              ORDINARY COUNCIL MEETING -12 FEBRUARY 2024       

 

Recommendation That the Minutes of the proceedings of the Ordinary Council Meeting held on 12 February 2024 be confirmed as a true and accurate record.

 

 

 

1⇩.

Minutes - OC - 12 February 2024

167

 

 

DECLARATIONS OF INTEREST

Report submitted to the Ordinary Meeting of Council on Monday 26 February 2024

NOM-1

 

Motions Of Which Due Notice Has Been Given

NOM-1           NOTICE OF MOTION – CALL FOR AN ALTERNATIVE LOWER GOBBAGOMBALIN BRIDGE DUPLICATION CONSTRUCTION PROJECT

Author:          Councillor Richard Foley

         

 

Summary:

Call for a report and a costing estimate to construct another bridge at the 1:20 flood level adjacent to the current Gobbagombalin Bridge.

 

 

That Council receives a report along with a costing estimate to construct another Gobbagombalin Bridge built at the 1:20 flood level with the final document/proposal to be utilised as part of the transport advocacy plan to State and Federal governments for urgent funding.

The City of Wagga Wagga is growing fast the need for better infrastructure regarding transport is a critical factor in the city’s potential growth. Within the coming decade ahead there will be nearly 20,000+ or more persons living in the Northern Growth Zone of Wagga Wagga.

 

Successive State and Federal Government along with their bureaucracies repeatedly deny this city a full duplication of the Gobbagombalin Bridge citing absurd estimates of cost up to a Billion dollars! These absurd estimates are used to quash any community call for new infrastructure for regional persons living outside of Sydney which has 21^st Century infrastructure. Why cannot we have some as well?

 

The purpose of this NOM is to push for an alternative solution calling for a new lower bridge crossing the river built at the 1:20 flood zone level allowing for the movement of transport and pedestrians. This bridge could also have roadway access built upon the floodplain to divide the traffic flows heading north and south. This infrastructure if built properly would potentially be inundated once every 20 years so would need careful design and engineering..

 

Such a bridge would certainly be a cheaper alternative to duplicating the current Gobbagombalin Bridge and would give greater political clout to the City of Wagga Wagga in demanding it receives appropriate 21st century infrastructure from State and Federal Govts both of whom citizens of this LGA pay taxes to. Any report and costing outcomes from this NOM should be included into a wider framework for future transport plans for the City of Wagga Wagga looking to the next fifty years ahead.

 

N/A

Code of Meeting Practice

Code of Conduct

 

Community leadership and collaboration

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

Our leaders represent our community

 

N/A

N/A

 

 

 

 

 

Report submitted to the Ordinary Meeting of Council on Monday 26 February 2024

NOM-2

 

NOM-2           NOTICE OF MOTION – PROPOSED PEDESTRIAN CROSSING AT BOOROOMA ST ROUNDABOUT AREA

Author:          Councillor Richard Foley

         

 

Summary:

Call for a report and costing to construct a safer area for pedestrians to cross Boorooma St near the roundabout & shopping centre.

 

 

That Council receive a report outlining options for an appropriate crossing to enable pedestrians a safer crossing of Boorooma St adjacent to the new shopping centre

 

Boorooma Street Estella near the off ramp exit is increasingly becoming a dangerous zone for safe pedestrian crossing of the road. Pedestrians particularly elderly persons and parents with children are in need of a safe crossing at Boorooma St near the roundabout to access the new shopping centre and nearby services.

 

N/A

Code of Conduct

Code of Meeting Practice

 

Community leadership and collaboration

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

Communicate with our community

 

N/A

N/A

 

 

 

 

 

Report submitted to the Ordinary Meeting of Council on Monday 26 February 2024

RP-1

 

Reports from Staff

RP-1               DA23/0381 - 10 HENSCHKE AVENUE, SAN ISIDORE DEMOLITION OF TWO EXISTING SHEDS AND CONSTRUCTION OF A NEW SHED

Author:                        Paul O'Brien 

General Manager:    Peter Thompson

         

 

Summary:

The development application seeks consent for the demolition of two existing sheds and construction of a new shed.   This report is presented to Council for determination. The application has been referred to Council under Section 1.11 of the Wagga Wagga Development Control Plan 2010 (DCP) as development proposes a variation to a numerical development control greater than 10% and a submission in objection has been received relating to the control.

 

 

That Council approve DA23/0381 for the demolition of two existing sheds and construction of new shed at 10 Henschke Avenue, San Isidore, NSW 2650 subject to conditions outlined in the s4.15 Assessment Report

 

 

Applicant	Fernleigh Drafting
Owner	Doris Akosua Adoma and Kofi Amponn-Nyamekye
Development Cost	$81,555.00
Development Description	Demolition of two existing sheds and construction of a new shed.

 

Key Issues

 

·        Compliance with Wagga Wagga DCP 2010. The proposed development does not comply with the Control C6 of section 9.4.4 of the DCP. The control limits the height of an outbuildings to a maximum of 4.8m from the existing natural ground level. The proposed shed has a maximum height of 6m.

 

·        Two submissions have been received during the public notification period. The main concerns raised in these submissions relate to the proposed use of the structure and visual and amenity impacts (such as overshadowing, privacy, and stormwater runoff) on neighbouring properties.

Assessment

 

The proposed development is consistent with the objectives of the R5 Large Lot Residential Zone and the other relevant provisions of the Wagga Wagga Local Environmental Plan.

 

The development is consistent with the provision of the Wagga Wagga Development Control Plan. The application seeks a variation to the numerical height control under the provisions of Section 9.4.4 of the DCP. It is recommended that the variation be supported for the following reasons.

 

·        The total floor area of proposed shed is 216m² which is 1.04% of the total site area. There will be no other outbuildings on the site once as the 2 existing sheds will be demolished. Having regard to the overall assessment undertaken in the attached assessment report, it is satisfied that the proposal will not result in over development of the site.

·        The shed incorporates a skillion roof design which varies from 5 meters in height to a maximum of 6 metres at its peak (highest point). Despite the variation in roof form above the 4.8m maximum control, the application has been assessed as being acceptable give that there will be no detrimental impact on the surrounding area.

·        The proposed shed is located behind the building line and is sited more than 35m from the front (southern) boundary therefore the proposal is unlikely to cause any detrimental impact on the streetscape.

·        The proposal is unlikely to cause any adverse impact on the amenity of the adjoining properties given the shed is of acceptable size and adequately setback from adjoining boundaries.

·        Outbuildings of this size and scale are common in large lot residential areas therefore the proposal will be consistent with the existing built form and character of the area.

·        Existing vegetation within the front setback area and proposed hedging along the external walls of the shed will assist in reducing the visual impact of the building when viewed from surrounding areas.

·        Having regard to the overall assessment of the application under section 4.15 of the Act and having regard to the circumstances of the development, strict compliance with the control is considered unreasonable.

 

Reasons for Approval

 

·        The proposed development is consistent with the provisions of the Wagga Wagga Local Environmental Plan 2010;

·        The proposal development is generally consistent with the provisions of the Wagga Wagga Development Control Plan 2010.

·        Impacts of the proposed development are acceptable and can be managed via the recommended conditions of consent.

·        The site is considered suitable for the proposed development.

·        For the abovementioned reasons it is considered to be in the public interest to approve this development application.

 

 

Site Location

 

 

Applicant	Fernleigh Drafting
Owner	Doris Akosua Adoma and Kofi Amponn-Nyamekye
Development Cost	$81,555.00
Development Description	Demolition of two existing sheds and construction of a new shed.

 

Key Issues

·        Compliance with Wagga Wagga DCP 2010. The proposed development does not comply with the Control C6 of section 9.4.4 of the DCP. The control limits the height of an outbuildings to a maximum of 4.8m from the existing natural ground level. The proposed shed has a maximum height of 6m.

 

·        Two submissions have been received during the public notification period. The main concerns raised in these submissions relate to the proposed use of the structure and visual and amenity impacts (such as overshadowing, privacy, and stormwater runoff) on neighbouring properties.

 

Assessment

The proposed development is consistent with the objectives of the R5 Large Lot Residential Zone and the other relevant provisions of the Wagga Wagga Local Environmental Plan.

 

The development is consistent with the provision of the Wagga Wagga Development Control Plan. The application seeks a variation to the numerical height control under the provisions of Section 9.4.4 of the DCP. It is recommended that the variation be supported for the following reasons.

 

·        The total floor area of proposed shed is 216m² which is 1.04% of the total site area. There will be no other outbuildings on the site once as the 2 existing sheds will be demolished. Having regard to the overall assessment undertaken in the attached assessment report, it is satisfied that the proposal will not result in over development of the site.

·        The shed incorporates a skillion roof design which varies from 5 meters in height to a maximum of 6 metres at its peak (highest point). Despite the variation in roof form above the 4.8m maximum control, the application has been assessed as being acceptable give that there will be no detrimental impact on the surrounding area.

·        The proposed shed is located behind the building line and is sited more than 35m from the front (southern) boundary therefore the proposal is unlikely to cause any detrimental impact on the streetscape.

·        The proposal is unlikely to cause any adverse impact on the amenity of the adjoining properties given the shed is of acceptable size and adequately setback from adjoining boundaries.

·        Outbuildings of this size and scale are common in large lot residential areas therefore the proposal will be consistent with the existing built form and character of the area.

·        Existing vegetation within the front setback area and proposed hedging along the external walls of the shed will assist in reducing the visual impact of the building when viewed from surrounding areas.

·        Having regard to the overall assessment of the application under section 4.15 of the Act and having regard to the circumstances of the development, strict compliance with the control is considered unreasonable.

 

Reasons for Approval

·        The proposed development is consistent with the provisions of the Wagga Wagga Local Environmental Plan 2010;

·        The proposal development is generally consistent with the provisions of the Wagga Wagga Development Control Plan 2010.

·        Impacts of the proposed development are acceptable and can be managed via the recommended conditions of consent.

·        The site is considered suitable for the proposed development.

·        For the abovementioned reasons it is considered to be in the public interest to approve this development application.

 

Site Location

 

The subject site is located on the northern side of Henschke Ave approximately 140m west from the intersection of Norman Duck Ave and Henschke Ave in San Isidore.

 

The site measures 2.06 ha and contains a single storey dwelling, in-ground swimming pool and two outbuildings on the site. Adjoining lots to east, north and west has dwelling and outbuildings.

 

 

 

(Proposed Site Plan)

(Proposed Elevation)

 

N/A

Wagga Wagga Local Environmental Plan 2010

Wagga Wagga Development Control Plan 2010

 

The Environment

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

Ensure sustainable urban development

 

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

 

Approval is not considered to raise risk management issues for Council as the proposed development is generally consistent with the relevant provisions of any relevant State Environmental Planning Policy, the Wagga Wagga Local Environmental Plan 2010 and Wagga Wagga Development Control Plan 2010.

 

 

Pursuant to Section 1.10 of the Wagga Wagga Development Control Plan 2010 the application was notified to adjoining properties between 10/11/2023 to 17/11/2023. No submissions were received during the notification period.

 

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Rates notices insert

Direct mail

Letterbox drop

Council news

Media release

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Have your Say

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Other methods (please list specific details below)

 

 

 

1.	Section 4.15 Assessment Report - Provided under separate cover
2.	Draft Notice of Determination - Provided under separate cover
3.	Plans - Provided under separate cover
4.	Statement of Environmental Effects - Provided under separate cover
5.	Submissions (redacted) - Provided under separate cover
6.	Submissions (unredacted) 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, prejudice the maintenance of law. - Provided under separate cover

 

 

Report submitted to the Ordinary Meeting of Council on Monday 26 February 2024

RP-2

 

RP-2               PLANNING PROPOSAL (LEP22/0002) BRUNSLEA PARK, FOREST HILL TO CHANGE LAND ZONING AND MINIMUM LOT SIZE PROVISIONS OF THE WAGGA WAGGA LOCAL ENVIRONMENTAL PLAN 2010

Author:          John Sidgwick 

         

 

Summary:

Council is in receipt of a Planning Proposal prepared by DFP planning consultants. This relates to two parts: Parcel A at 20 Mangrove Crescent, and 60 Lacebark Drive, Forest Hill; and Parcel B at 50 Inglewood Road, Forest Hill.   The planning proposal seeks to amend the Wagga Wagga Local Environmental Plan 2010 to achieve the following:   Parcel A: ·        Rezone from RU1 Primary Production to part RE1 Public Recreation and part R1 General Residential. ·        Reduce the minimum lot size to 450m2 for land proposed to be R1 General Residential.   Parcel B: ·        Rezone from RU1 Primary Production to part RE1 Public Recreation and part R5 Large Lot Residential, and part IN1 General Industrial. ·        Reduce minimum lot size from 200 hectares to part 2,000m² and part 4,000m2 for land proposed to be R5 Large Lot Residential.   The intended development outcomes for parcel A are to rezone the land for urban development, and to create approximately 280 proposed lots with additional public recreation space.   The intended development outcomes for Parcel B are to rezone land for urban development, and to create approximately 215 rural residential lots, an industrial area and public recreation land.

 

 

Recommendation That Council: a       receive and note this report b       refuse planning proposal LEP22/0002 c        notify the applicant of the decision

 

Submitted planning proposal:	Council is in receipt of a planning proposal (LEP22/0002) to change land zoning and minimum lot size provisions for land located in Forest Hill. The planning proposal was lodged with Council on 10 May 2022. The assessment time has reflected the complexity of the assessment. Parcel A 20 Mangrove Cres FOREST HILL NSW 2651 2/-/1287198 60 Lacebark Dr FOREST HILL NSW 2651 3/-/1287198   Parcel B 50 Inglewood Rd FOREST HILL NSW 2651 4/-/1287198
Applicant:	On behalf of Wakefield Ashurst Developments Pty Ltd Director - Peter Morley
Landowners:	Douglas Brunskill

 

Council is in receipt of a planning proposal to amend the Wagga Wagga Local Environmental Plan 2010 (LEP) to achieve the following:

Parcel A:

·        Rezone from RU1 Primary Production to part RE1 Public Recreation and part R1 General Residential

·        Reduce the minimum lot size from 200 hectares to 450m²

Parcel B:

·        Rezone from RU1 Primary Production to part RE1 Public Recreation and part R5 Large Lot Residential and part IN1 General Industrial

·        Reduce minimum lot size from 200 hectares to part 2,000m² and part 4,000m² for land proposed to be R5 Large Lot Residential

The purpose of the planning proposal is to provide additional residential, rural residential and industrial land within the Brunslea Park suburb. The subject land is currently zoned RU1 Primary Production and is used for agricultural purposes.

The intended outcomes are shown in figures 1 and 2 below.

Figure 1: Proposed Land Zoning       Source: Prepared by Council Staff

Figure 2: Proposed Minimum Lot Size       Source: Prepared by Council Staff

The site is located west and south of the Brunslea Park estate, approximately 9.5km east of the Wagga Wagga City Centre and south of the main route of travel into and out of Wagga Wagga through the Sturt Highway. Lake Albert is located approximately 6.8km south-west of the site and the suburb of Forest Hill is located to the east. Wagga Wagga Airport is located immediately to the west of Parcel B and approximately 1.2km from Parcel A. The site has a total area of approximately 168 hectares.

Parcel A

The site is approximately 69 hectares and bound by Elizabeth Avenue and residential properties to the east and rural land to the west, south and north.

Parcel B

The site is approximately 99 hectares and fronts Inglewood Road to the south, Elizabeth Avenue, and residential properties to the north east and rural land to the north, west and south.

 

Figure 3 shows the parcel sites and location:

Figure 3: Site and Location, Source: Prepared by Council Staff

A range of consultation has occurred internally and externally. This advice has highlighted the range of sensitive issues and risks associated with future development of the subject land. Preliminary consultation is contained within the attached officers assessment report. 

A detailed assessment report is included at Appendix 1

Key considerations are summarised below:

1.      Strategic Context and Future Strategic Planning

The Forest Hill area has excellent connection to the city via the Sturt Highway (the main route to Wagga Wagga from Sydney and Canberra) and a proposed active travel link adds to a connected and integrated settlement. The area is serviced by local shops, a local primary school, greenspace and is well connected to the Wagga Wagga Central Business District (CBD) and Wagga Wagga Airport. The Forest Hill suburb is the first significant residential area that people see upon entering Wagga Wagga.

The 2021 census data for Forest Hill highlighted that the area offers more affordable housing options when considering median weekly rent and median monthly mortgage repayments, respectively:

·        Forest Hill - $310 and $1300

·        Estella - $380 and $1667

·        Bourkelands - $360 and $1733

This site is attractive in the context of creating a diversity of housing options for the community.

There are approximately 1070 residential lots in the Forest Hill / Brunslea Park area, near the Wagga Wagga Airport and located underneath flight paths. Council’s ‘Recreation, Open Space and Community Strategy and Implementation Plan 2040’ (ROSC) identifies the population of Forest Hill as 2274 in 2016, with it expected to be 3285 in 2040 (a difference of 1011 people). This growth does not include Parcel A proposed rezoning. The existing planning provisions and processes for Forest Hill and Brunslea Park do not require airport noise to be identified on a planning certificate and planning provisions for noise includes consideration of development that penetrates the Obstacle Limitation Surface (OLS) and development that is in an Australian Noise Exposure Forecast (ANEF) contour of 20 or greater.

The issue of managing land use conflict between existing residents and airport training operations has been an ongoing consideration.

2.      Council’s Vision or Strategic Intent

Wagga Wagga Local Strategic Planning Statement 2020

The Wagga Wagga Local Strategic Planning Statement (LSPS) sets out the long term land use direction for Wagga Wagga to 2040, acknowledging that a key outcome of the plan should find a balance between growth, the natural environment, sustainability and liveability.

The Northern Growth Area is identified as a long-term solution for the city’s housing shortage issue, however, there remains the need for additional short-term offerings to ensure city-wide competitive advantage.

The LSPS advises that the city is dependent on additional employment to drive this growth, identifying key sites for employment and investment, including the RAAF Base and Airport. The LSPS states that supporting key industries is crucial to ensuring the future growth and attraction of investment. Principle 4 ‘The southern capital of New South Wales’, reinforces the Wagga airport as a key economic place, advising that: “Land use planning will protect the productive capacity of these precincts …” Principle 5 ‘Encourage and support investment’ states:

“To ensure that Wagga Wagga benefits from an expanded provision of air services as the city grows, the airport will be protected from land use conflict”.

It goes on to state; “Facilitate(ing) (sic) growth in aviation activity requires additional planning to future proof the airport, airside and surrounds…Residential intensification and expansion nearby the airport will not be supported, with locations impacted by aircraft operations to be carefully planned to ensure development is compatible with airfield operations.”

 

 

Wagga Wagga Spatial Plan 2013

While the Planning Proposal refers to, and in part, relies on the Spatial Plan, this planning document has been superseded by the LSPS. The LSPS was adopted on 8 February 2021. In the absence of a housing strategy and rural lands strategy, the Spatial Plan provides background for the assessment.

Parcel A

Parcel A is identified as Area 8 as ‘potential urban land’ – Sturt Highway / Hazelwood Drive, Forest Hill:

The subject area is an extension of the existing residential area in Forest Hill. The area may be affected by Australian Noise Exposure Forecast and Obstacle Limitation Surface constraints. The zone and minimum lot size will be considered after the outcomes of the residential study are known. Any development in this area will need to occur on land that is not affected by the 1 in 100 year flood level.

Parcel B

Parcel B is identified as Area 16 as ‘potential employment land’ – Elizabeth Avenue, Forest Hill.

This area is identified for potential employment land to facilitate the development of activity directly involving or related to the airport. The Wagga Wagga Airport Master Plan 2010 identified the precinct on the western side of the airport (area 16) as potentially offering a number of land uses that would be synergistic with the airports growth and needs (e.g. an education and research campus).

Under the key components/initiatives section of the Spatial Plan, the theme ‘There is growing business investment in our community’ includes an objective to ’Support the growth of employment opportunities at the airport’. The policy response includes to:

“In order to protect the Wagga Wagga Airport as a significant transport asset for the region, its operations need to be unconstrained by the potential limiting effects of incompatible development….Planning to ensure that the airport continues to play a major roles in the area as a transport hub and commercial business precinct bringing new jobs, is of fundamental importance to Wagga Wagga.”

3.      Proximity to Wagga Wagga Airport and potential land use conflicts

 

Wagga Wagga Airport Master Plan 2010

 

In accordance with the National Airports Safeguarding Framework Guideline, Airport lease holders have the responsibility of publishing five-yearly Master Plans and endorsed ANEF information with ultimate capacity and long-range forecasts to inform land use planning. Although the 2010 Airport Masterplan is out of date, it remains the strategic document for the airport.

The Wagga Wagga Airport Master Plan considers various runway development scenarios that include remaining as is, extension of the main runway either to the north-east or south-west (preference being south-west), and finally a parallel runway and subsequent closing of the grass runway. While acknowledging that the Masterplan is somewhat dated, it remains important consideration to ensure that surrounding land uses does not encroach on these runway development scenarios.

Noise

 

As the Masterplan and noise contours have required updating, Rehbein Airport Consulting has provided Council with updated modelling to determine if the existing modelling remains appropriate. This involved using current aircraft movements, runway usage, airport capacity, distribution of aircraft types, illustration of flight paths, and technical report with assumptions, to compare with the existing Masterplan. Modelling involves an ultimate capacity scenario, where the use of the airspace is not unlimited and needs to be shared across various airspace users. The Airport Masterplan addressed noise to a fully developed infrastructure scenario. The review considered the existing runway, and two runway extension scenarios.

The noise modelling review specifies that since the Wagga Wagga Airport 2010 Ultimate Capacity ANEF was prepared, AS2021 was updated (in 2015) and now recognises that the 20 ANEF and 25 ANEF zones do not capture all high noise affected areas around an airport, and the ANEF contours are not necessarily an indicator of the full spread of noise impacts.

 

The National Airports Safeguarding Framework, Supplementary Aircraft Noise Metrics (Appendix 14) states ANEF is a measure of the aircraft noise exposure levels around aerodromes. It is based on average daily sound pressure levels, which are measured in decibels, and considers a variety of factors. This metric has its limitations. An additional metric is the Number Above contours, which represent the average number of times in a 24-hour period that exceed a nominated decibel level. The metric remains national level guidance unlike the state legislated ANEF metric.

 

The National Airports Safeguarding Standard Framework Guideline (Appendix 15) recognises the merits of utilising a range of noise measures and tools to inform strategic planning.

4.      Contamination

Due to the subject site’s proximity to the Wagga Wagga RAAF Base, polyfluoroalkyl Substances (PFAS) is a key concern. The proposal is accompanied by a Detailed Site Investigation report (DSI) that identifies detected levels of PFAS contamination and concentrations of heavy metals (primarily copper, nickel, zinc) at the subject site. 

As part of the initial findings, soil contamination was found to be higher than site assessment criteria (SAC) for human health; samples of surface water were greater than SAC for drinking water; and environmental SAC in sediment, surface water and groundwater was greater than the indirect ecological exposure guideline and ecological assessment criteria. Internal advice has indicated the need for an auditor to review the DSI, however, this isn’t required to be completed as it is recommended to refuse the application.

5.      Biodiversity

Not enough information is provided on the proposals potential to cause significant harm to threatened species, particularly endangered Ecological Community PCT 277. A draft BDAK was also not provided with the application.

6.      Infrastructure

Sewer

Internal referral has highlighted there are capacity issues with the Forest Hill Sewerage Treatment Plant in servicing the Forest Hill catchment.

 

Stormwater

There are no major issues with stormwater management.

Roads

There are no major issues with traffic management and transport.

Water

Riverina Water specified there is limited capacity and not enough detail to determine scale of existing capacity.

 

7.      Advice

Council has received advice in relation to the protection of the airport as a key economic place, this advice recommended further correspondence with relevant airport authorities.

 

The lack of current precinct level planning has resulted in a lengthened assessment time. Forward planning to ensure we can consider how development will occur over time in the east of the city is needed. Council is already receiving enquiries about infill in the eastern area. Continued ad-hoc planning of multiple infill areas will place added resourcing pressures on Council.

 

 

In accordance with Council’s 2020/21 Fees and Charges, a Major LEP Amendment has a total application fee of $46,000.00. The proponent has paid these fees. An additional fee for amending the DCP may be required.

 

 

Environmental Planning and Assessment Act 1979

Wagga Wagga Local Strategic Planning Statement – Wagga Wagga 2040

Wagga Wagga Local Environmental Plan 2010

Wagga Wagga Airport Masterplan 2010

 

The Environment

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

Ensure sustainable urban development

 

 

The applicant can appeal Council’s decision by submitting the planning proposal to the NSW Department of Planning, Housing, and Industry through the rezoning review process.

 

Relevant internal and external consultation was carried out as part of the preliminary assessment, as several matters needed up front discussions with government agencies prior to finalising the assessment and making a recommendation to Council.

 

A Councillor workshop on this Planning Proposal was held on 31 October 2022, 5 December 2022 and 19 February 2024.

 

 

1.	Appendix 1 - LEP22.0002- Planning Proposal Assessment Report - Final report - Provided under separate cover
2.	Appendix 2(a) - Letter of Authority - CONFIDENTIAL This matter is considered to be confidential under Section 10A(2) of the Local Government Act 1993, as it deals with: commercial information of a confidential nature that would, if disclosed, prejudice the commercial position of the person who supplied it. - Provided under separate cover
3.	Appendix 3 - Planning Proposal Application Form - CONFIDENTIAL - Provided under separate cover
4.	Appendix 4 - LEP22.0002 - Draft Planning Proposal - Provided under separate cover
5.	Appendix 5 - LEP22.0002 - Brunslea Park Concept Plan Report - Provided under separate cover
6.	Appendix 6 - LEP22.0002 - Brunslea Park Aboriginal Heritage Assessment - Provided under separate cover
7.	Appendix 7 - LEP22.0002 - Brunslea Park Biodiversity Assessment - Provided under separate cover
8.	Appendix 8 - LEP22.0002 - Brunslea Park Bush Fire Assessment - Provided under separate cover
9.	Appendix 9 - LEP22.0002 - Brunslea Park Stormwater Management Plan - Provided under separate cover
10.	Appendix 10 - LEP22.0002 - Brunslea Park Transport Assessment - Provided under separate cover
11.	Appendix 11 - LEP22.0002 - Detailed Site Investigation - Provided under separate cover
12.	Appendix 12 - LEP22.0002 - Existing Infrastructure Report - Provided under separate cover
13.	Appendix 13 - LEP22.0002 - Site Survey - Provided under separate cover
14.	Appendix 14 - National Airports Safeguarding Framework - Supplementary Aircraft Noise Metrics - Provided under separate cover
15.	Appendix 15 - National Airports Safeguarding Framework - Measures for Managing Impacts of Aircraft Noise - Provided under separate cover

Report submitted to the Ordinary Meeting of Council on Monday 26 February 2024

RP-3

 

RP-3               REUSABLE CLOTH NAPPY AND MENSTRUAL PRODUCT REBATE

Author:                       Darryl Woods 

General Manager:    Peter Thompson

         

 

Summary:

It is proposed that the rebate program for reusable nappies and women’s menstrual products converted to an ongoing offering from the Council to the community.

 

 

Recommendation That Council: a       convert the Nappy and Menstrual product rebate scheme to an ongoing community offering from 2024/25 financial year onwards b       maintain the rebate conditions of 50% off the purchase price of up to a maximum rebate of $100 per child for Nappies c        maintain the rebate conditions of 50% the purchase price of up to a maximum rebate of $50 per person for Menstrual products d       undertake an annual review of the program (commencing January 2025) e       note the proposed annual budget allocation that will be included in the 2024/25 long term financial plan process.

 

Council at its ordinary meeting of 22 August 2022 resolved.

That Council:

a        continue the Nappy and Menstrual product rebate scheme trial for the 2022/23 and 2023/24 financial year from 1 Sept 2022 to 30 June 2024

b        undertake promotion via website, council news and social media.

c        offer a rebate of 50% of the purchase price of up to a maximum rebate of $100 per child for Nappies.

d        offer a rebate of 50% of the purchase price of up to a maximum rebate of $50 per person for Menstrual products.

e       that the rebate only be applied within the existing budget on a first in basis.

f         begin a review of the program in February 2024 for the purposes of council continuing, changing or ending the trial by the end of June 2024.

g        approve the budget variation/s as detailed in the Financial Implications section of the report with the addition of $30,000 from the Waste Management Reserve for the 2023/24 year.

h        receive a further report to extend the trial to include reusable incontinence underwear.

 

Council extended the initial trial of the reusable nappy and menstrual product rebate scheme and used social media through the Council’s Facebook page to promote the extension of the scheme. However, the promotion through Councils social media outlets ceased in late 2022.

Council retains the promotional sample materials purchased for the original trial period, as well as the webinars, which can be re-used to promote further nappy rebate schemes. As of the end of January 2023 a total of 113 applications had been received.

 

·        Re-Usable Nappy rebate applications – 35

·        Re-usable Menstrual Product rebate applications – 78

 

This represents a noticeable reduction in the applications received in the first trial, where 229 applications for rebate were received.  The reduction may be due in part to reduced promotional activity. Going forward, the newly appointed Waste Educational Officer assigned to Gregadoo Waste Management Centre will take the accountability for developing a sustainable promotional campaign. 

 

The nappy and menstrual product rebate scheme offers to reimburse 50% of the actual spend up to a maximum rebate of $100 per person or child. Customers can lodge applications through the Councils website or in person at the Customer Service desk in the Council administration building.

 

Management recommends the conversion of the Nappy and Menstrual products from a trial activity to an ongoing community service offering.

				Projected 2024 /2025
Product	2021 Trial applications	2022/24 extension to trail number of applications		Number of applications	Cost @ $100 ea	Estimated waste diverted (kg)
Nappies	68	35		60	$6,000	20,350 kg
Menstrual Products	157	78		150	$7,500	220 kg
Totals	229	113		210	$13,500	20,570 kg

 

 

Based on these projected figures Council will require a budget of $13,500 to cover the rebates and an additional allowance of $7,000 to cover promotional activities.

 

It is proposed that the Waste Education Officer administer the ongoing nappy and menstrual product rebate scheme.

 

Based on the take-up for the trial period of 225 applications to the rebate for the 6-month period of the trial, Council can assume that the annual take-up would be in the order of 370 applications being 110 for Nappies and 260 for Menstrual products.

 

It is proposed to allocate an annual ongoing $30,000 budget in the Solid Waste cost centre during the 2024/25 long term financial plan budget process.

 

 

N/A

 

The Environment

Objective: We create a sustainable environment for future generations

Outcome: We are proactive with our waste management

 

In the initial report risks identified included abuse and misuse of the rebate, and Oversubscription. The application process for the rebate was monitored by staff with a small quantity of applications being rejected due to not being from within the Wagga Local Government Area, or exceedance of the household limit for the rebate. However, this was minimal and easily managed through the application of the rebate. Further management of the program should include the following mitigations:

·        Only one application per person / child for an indefinite period

·        The rebate program will be paused at any time when the budget allocation has been exhausted.

A survey of the participants from the initial trial was undertaken.

 

Ongoing consultation and promotion of the continuing trial will be undertaken with community health, mothers’ groups as well as utilizing Council’s social media accounts.

 

 

Report submitted to the Ordinary Meeting of Council on Monday 26 February 2024

RP-4

 

RP-4               MAJOR EVENTS, FESTIVALS AND FILMS SPONSORSHIP 2023/24 - FINAL ROUND

Author:         Kimberly Parker 

Executive:    Janice Summerhayes

         

 

Summary:

Council is in receipt of two applications for the final round of the 2023/24 Major Events, Festival and Films Sponsorship Program. This funding is available to support events held from 1 July 2023 to 30 June 2024.

 

 

That Council:

a       authorise the General Manager or their delegate to enter into an agreement to sponsor the following events through the 2023/24 Major Events and Sponsorship budget:

i         Writers in the Woolshed by Red Crane Consulting to the amount of $5,740 through the Incubator Event stream

ii        Bushfood Talks & Weed Walks by Australian Bushfood Education Centre to the amount of $10,000 through the Incubator Event stream

Council is in receipt of two applications for the final round of the 2023/24 Major Events, Festival and Films Sponsorship Program. This funding is available to support events held from 1 July 2023 to 30 June 2024.

 

Applications have been assessed by the Major Events Advisory Panel (the Panel) consisting of two community members and two council staff. The Panel has assessed the applications in line with the Major Events, Festivals and Films Sponsorship guidelines. The details of the applications received along with the recommended sponsorship funding amounts are summarised as follows:

 

 

Event Name & Organisation	Amount Requested	Event Budget	Reason
Writers at the Woolshed by Red Crane Consulting Director and Festival Coordinator: Lynette Ainswoth	Incubator Event: $5,740	Total event cost: $22,619 Workshop Income: $7,200 (not including Council sponsorship) Recommended funding: $5,740	The Panel recommends sponsorship of the event to the full amount of $5,740. The Panel agreed that the event provided benefit to a target audience which created social and economic benefit and scored well against the criteria. The application details a strong plan to attract a significant proportion of overnight visitors across their multi-day event program.
Bushfood Talks & Weed Walks by Australian Bushfood Education Centre Director: Felicity Kerslake	Incubator event: $10,000	Total event cost: $28,390 Income: $29,250 (not including Council sponsorship) Recommended funding: $10,000	The Panel recommends sponsorship of the event series to the full amount of $10,000 for the delivery of five events. The Panel scored the event high as a new event offering that offered a unique cultural experience which is sought after by locals and visitors. The applicant demonstrated strong community partnerships and strategic goals with plans to grow the offering into a Native Bush Food Festival in the future.

 

Event Details: Writers at the Woolshed | 20-21 April 2024

Writers at the Woolshed is a two-day festival bringing together writers and readers with an interest and shared connection of the country landscape to Wagga Wagga. The multi-day event program builds on the success of their flagship event held in Bowna, located in the south-east Riverina area in 2019 and 2021. The festival features a variety of writers in conversations, a unique dining experience and a series of creative writing workshops to be held at the Charles Sturt University (CSU) Riverina Playhouse and Cottontail Wines. The event proceeds are linked to benefit Dolly’s Dream a charitable organisation for the prevention of bullying and suicide in young people.

 

This unique event will draw visitors to Wagga Wagga who are attracted to the arts and cultural characteristics of the city and will connect the local creative community to new networks and provide an opportunity for writers and readers to learn and practice new skills. The application has detailed sound community support and connections including partnerships with the Booranga Writers Centre, Uranquinty Country Women’s Association, Wagga South Lions Club, CSU Riverina Playhouse, Cottontail Winery and the Club Motel and Apartments

 

Event Summary

·        Date: 20 – 21 April 2024

·        Expected attendance: 350

·        Visitors outside of the Local Government Area: 150

·        Program duration: two days

·        Programming: In conversation sessions, workshops, and dinner experience

·        Proposed venue: CSU Riverina Playhouse and Cottontail Wines

·        Total income (excl Council sponsorship funds): $7,200 for the workshop only

·        Total event cost: $22,619

·        Total amount requested: $5,740

 

The applicant is seeking $5,740 in funding through the Incubator events stream of Council’s Major Events, Festivals and Films Sponsorship program to stage and deliver a new workshop program as part of the overarching festival experience to extend the visitor length of stay and local economic return. The sponsorship funds would support the event programming costs including presenter and facilitator fees, workshops resources, and venue hire.

 

If successful in securing the requested funding, the applicant will acknowledge Council’s funding though logo placement on all marketing and promotional material such as the event website and will also be publicly acknowledged during the event.

 

The Panel has assessed this application against the Major Events, Festivals and Films Sponsorship Guidelines for an Incubator Event and recommends this event receive the full request of funding of $5,740 for event programming and facilitation costs to expand their event offering and encourage overnight visitation in the City.

 

The Panel’s assessment and recommendation is summarised as follows:

·        The Panel agreed the event provided a niche and unique experience for creative writers and readers in the local community

·        Visitor interest in this style of event was high and the applicant demonstrated the programming of additional workshops held across the weekend to encourage longer lengths of stay

·        The Panel agreed that the event had sound community support demonstrated through partnerships with local groups, businesses, and use of multiple venues

·        The application scored highly in terms of planning experience and skills with a strong team to deliver the event, with the organiser demonstrating experience in delivering similar events 

 

Bushfood Talks & Weed Walks | Event Series

Bushfood Talks & Weed Walk is a new event series which aims to raise awareness and educate attendees on Wiradjuri/Wiradyuri and First Nations culture that is unique to Wagga Wagga.

 

The core focus of the events enables visitors to discover local natural areas and landscapes on guided tours, learning about the healing power and food sources available from native plants and common weeds. The walking events are designed to emphasise respecting the traditions and customs of Wiradyuri/Wiradjuri and First Nations people, with talks highlighting the importance of sustainable and safe foraging practices to ensure the continued existence of plants for future generations.

 

The events are scheduled to occur monthly on weekends to capture the visitor leisure markets and encourage longer lengths of stay in the City.  Each bush food walking guided tour will be a bookable experience and will take place in one of Wagga Wagga’s unique natural attractions such as the Riverside precinct, tasting of bush food and education on cultural practices. The program has been curated to build on the community’s rich Wiradjuri/Wiradyuri and First Nations culture.

 

Strategic future growth of the event has been considered with the applicant detailing other similar case studies of event development with the focus to eventually build the event series into a Native Bush Food Festival in the city which would be a unique new Wagga Wagga visitor experience.

 

The application has detailed strong collaborations and connections with a variety of organisations and community groups including Charles Sturt University’s Innovation Hub, Agri Park and Wiradjuri/Wiradyuri Language School, and Mawang Gaway Aboriginal Consultative Committee.

 

Event Summary

·        Date: five events from March - June 2024

·        Expected attendance: >300

·        Visitors outside of the Local Government Area: 200

·        Program duration: single day events

·        Programming: Weekend cultural bush food walking tours experience

·        Proposed venue: Riverside precinct

·        Total income (excluding Council sponsorship funds): $29,250 from ticket sales across five events

·        Total event cost: $28,390

·        Total amount requested: $10,000.

 

The applicant is seeking $10,000 in funding through the Incubator events stream of Council’s Major Events, Festivals and Films Sponsorship program to stage and deliver the event series in particular, advertising, printing costs, event resources, cultural consulting, and website costs.

 

If successful in securing the requested funding the applicant will acknowledge Council’s funding through logo placement on all marketing material and promotions through website, social media, and brochure.

 

The Panel has assessed this application against the Major Events, Festivals and Films Sponsorship Guidelines for an Incubator Event and recommends this applicant receive the full requested amount of funding of $10,000 for the marketing and advertising costs to develop and present this new and unique event series.

 

The Panel’s assessment and recommendation is summarised as follows:

·        The Panel scored the project high in terms of the event experience that will build on the Wiradjuri/Wiradyuri and First Nation’s identity in the city.

·        The event proposal highlighted the focus on attracting visitors to the City to increase overnight visitation

·        The Panel agreed the event had significant community and business support and scored highly in this category.

·        There was a strong growth potential to develop this offering into a unique festival in the future that would be beneficial to the Wagga Wagga community and generate strong awareness for the city.

 

 

 

 

 

2023/24 Major Events Sponsorship Budget	$80,000
2022/23 Major Events Sponsorship Budget Confirmed Carryover	$21,345
Total Events Sponsorship Budget for 2023/24	$103,345
Less Current Commitments
·    Fitz Fest Wagga Wagga (cancelled and declined sponsorship)	+ $11,946
·    Wagga Wagga Swap Meet	($10,000)
·    Thrashernats3	($15,000)
·    Christmas with the Con	($10,000)
·    Wagga Wagga Mardi Gras	($20,000)
·    Gears & Beers Festival (Year One of Three)	($20,000)
·    TEDxWagga Wagga	($10,000)
Total Current Commitments	($85,000)
Recommended sponsorship
·    Writers in the Woolshed	($5,740)
·    Bushfood Talks & Weed Walks	($10,000)
Total Major Events Sponsorship funding recommended in this report	$15,740
Remaining budget for 2023/24 Major Events, Festivals and Films Sponsorship	$605

POL087 – Major Events, Festivals and Films Sponsorship

 

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

Provide professional, innovative, accessible and efficient service delivery

 

Risk management will be addressed as part of any future sponsorship agreement, with terms and conditions ensuring events are managed in a safe manner. A staged payment schedule based on event planning and delivery milestones will also be implemented to mitigate against non-delivery of event with each applicant.

Staff have consulted with local event organisers to support the planning and delivery of events in the 2023/24 events schedule.

 

Mail

Traditional Media

Community Engagement

Digital

Rates notices insert

Direct mail

Letterbox drop

Council news

Media release

Media opportunity

TV/radio advertising

One-on-one meeting(s)

Community meeting(s)

Stakeholder workshop(s)

Drop-in session(s)

Survey/feedback form(s)

Have your Say

Email newsletter

Social media

Website

Inform

Consult

Involve

x

x

x

x

x

x

x

Collaborate

Other methods (please list specific details below)

 

 

1.	Writers at the Woolshed Application and Event Concept This matter is considered to be confidential under Section 10A(2) of the Local Government Act 1993, as it deals with: commercial information of a confidential nature that would, if disclosed, prejudice the commercial position of the person who supplied it. - Provided under separate cover
2.	Bush Food Walks and Weed Talks application and event plan This matter is considered to be confidential under Section 10A(2) of the Local Government Act 1993, as it deals with: commercial information of a confidential nature that would, if disclosed, reveal a trade secret. - Provided under separate cover

 

 

Report submitted to the Ordinary Meeting of Council on Monday 26 February 2024

RP-5

 

RP-5               2024/25 Airport Fees and Charges

Author:         Zachary Wilson 

Executive:    Carolyn Rodney

         

 

Summary:

The proposed Airport fees and charges for the 2024/25 financial year have been developed and are proposed to be placed on public exhibition.

 

 

Recommendation That Council: a       place the draft 2024/25 Airport Fees and Charges on public exhibition for a period of 28 days from 27 February 2024 to 26 March 2024 and invite public submissions during this period b       receive a further report following the exhibition and submission period: i         addressing any submissions made in respect of the draft 2024/25 Airport Fees and Charges ii        proposing adoption of the 2024/25 Airport Fees and Charges unless there are any recommended amendments deemed to be substantial and requiring a further public exhibition period iii       proposing that the new Passenger Services Charges rates commence from 1 August 2024

 

To assist with the financial sustainability of the Wagga Airport into the future, at the 13 February 2023 Council meeting, Council resolved to increase the passenger service charge by a minimum of $2.00 (GST exclusive) each year.

 

That Council:

a       note the poor financial position of the Airport Reserve

b       place the draft 2023/24 Airport Fees and Charges on public exhibition for a period of 28 days from 14 February 2023 to 14 March 2023 and invite public submissions during this period

c        receive a further report following the exhibition and submission period:

i         addressing any submissions made in respect of the draft 2023/24 Airport Fees and Charges

ii        proposing adoption of the 2023/24 Airport Fees and Charges unless there are any recommended amendments deemed to be substantial and requiring a further public exhibition period

iii       proposing that the new Passenger Services Charges rates commence from 1 August 2023

d       note that due to the Airport passenger charge base rate fee being frozen for the past five (5) financial years, each future financial year increase will be set at a minimum $2.00 GST exclusive amount, which will assist in the financial sustainability of the Wagga Wagga Airport into the future

 

 

The proposed increases to the passenger service charge for the 2024/25 financial year are reflective of this previous resolution of Council.

 

The below table provides a history on the amount charged by Council for the passenger service charge. As can be seen from this table, this rate had not been increased in the five (5) years leading up to 2023/24.

 

 

Notification

In order for airport users to be provided with adequate notice of the change in fees and charges for the 2024/25 financial year, a three (3) month notification period is required for Airlines to enact this change. It is anticipated that the final adoption report for these fees and charges will be presented to the 8 April 2024 Council meeting, responding to any public submissions received during the public exhibition period, with the new passenger service charges to commence from 1 August 2024.

 

As a result of the COVID-19 pandemic, the financial position of the Wagga Airport has declined significantly over the past few financial years. This impact, along with the freezing of the passenger service charge from 2018/19 to 2022/23 inclusive, has resulted in the Airport reserve being reduced to a $0 balance as at 30 June 2023.

 

In order for the Airport business to return to surplus and to fund any future capital spend at the Airport, the proposed yearly minimum increase in fees and charges is required.

POL 013 – Return on Investment Council Businesses Policy

POL 021 – Financial Reserves for Future Expenditures

POL 052 – Budget Policy

 

Community leadership and collaboration

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

Plan long term for the future of Wagga Wagga

 

Without adequate revenue to cover the costs of operating the Wagga Wagga Airport, the Airport will not be financially sustainable into the future and will not meet the expectations of the community.

If Council resolve to place the draft Airport Fees and Charges on public exhibition, the following methods of consultation will be utilised:

 

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)

Connect.Wagga

Email newsletter

Social media

Website

Inform

x

x

x

x

x

Consult

x

x

x

x

x

Involve

Collaborate

Other methods (please list specific details below)

 

After the public exhibition period and Council’s consideration of any public submissions received, direct correspondence will be provided to the Airport users outlining Council’s decision.

 

 

1⇩.

Draft 2024-25 Wagga Airport Fees and Charges

 

 

Report submitted to the Ordinary Meeting of Council on Monday 26 February 2024

RP-5

 

Report submitted to the Ordinary Meeting of Council on Monday 26 February 2024

RP-6

 

RP-6               FINANCIAL PERFORMANCE REPORT AS AT 31 JANUARY 2024

Author:                        Carolyn Rodney 

         

 

Summary:

This report is for Council to consider information presented on the 2023/24 budget and Long-Term Financial Plan, and details Council’s external investments and performance as at 31 January 2024.

 

 

Recommendation That Council: a       approve the proposed 2023/24 budget variations for the month ended 31 January 2024 and note the balanced budget position as presented in this report b       approve the proposed budget variations to the 2023/24 Long Term Financial Plan Capital Works Program including new projects and future year 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 of 31 January 2024 in accordance with section 625 of the Local Government Act 1993 e       note that a detailed project and budget review paper regarding the Active Travel Plan Stage 1 project will be presented to a Council Workshop in March 2024, in advance of a Council meeting for determination.

 

Wagga Wagga City Council (Council) forecasts a balanced budget position as of 31 January 2024.

 

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

 

Council has experienced a positive monthly investment performance for the month of January when compared to budget ($407,796 up on the monthly budget). This is mainly due to better than budgeted returns on Council’s investment portfolio as a result of the ongoing movement in the interest rate environment, as well as a higher than anticipated investment portfolio balance.

 

At the 29 January 2024, Council staff advised in the monthly finance report that a detailed report on the Active Travel Plan Stage 1 project would be presented to Council during February 2024.  As noted in resolution e) above, a Councillor Workshop is now planned to be held in March 2024, with a subsequent Council report to follow. 

Key Performance Indicators

 

 

 

OPERATING INCOME

Total operating income is 55% of approved budget and is tracking slightly behind for the month of January 2024. An adjustment has been made to reflect the levy of rates that occurred at the start of the financial year. Excluding this adjustment, operating income received is 79% when compared to budget.

 

OPERATING EXPENSES

Total operating expenditure is 60% of approved budget and is tracking over budget at this stage of the financial year, which is due to the payment of annual one-off expenses such as rates and insurance, along with one-off commitments raised for operating projects and multi-year contracts.

 

CAPITAL INCOME

Total capital income is 55% of approved budget. It is important to note that the actual income from capital is influenced by the timing of the receipt of capital grants and contributions in relation to expenditure incurred on the projects.

 

CAPITAL EXPENDITURE

Total capital expenditure including commitments is 56% of approved budget including pending projects.  Excluding commitments, the total expenditure is 30% when compared to the approved budget.

 

WAGGA WAGGA CITY COUNCIL STATEMENT OF FINANCIAL PERFORMANCE 1 JULY 2023 TO 31 JANUARY 2024
CONSOLIDATED STATEMENT
	ORIGINAL BUDGET 2023/24	BUDGET ADJ 2023/24	APPROVED BUDGET 2023/24	YTD ACTUAL   EXCL COMMT'S 2023/24	COMMT'S 2023/24	YTD ACTUAL + COMMT'S 2023/24	YTD % OF BUD
Revenue
Rates & Annual Charges	(79,700,947)	0	(79,700,947)	(46,065,509)	0	(46,065,509)	58%
User Charges & Fees	(32,607,964)	1,992,180	(30,615,784)	(17,633,359)	0	(17,633,359)	58%
Other Revenues	(3,040,358)	(20,000)	(3,060,358)	(3,352,171)	0	(3,352,171)	110%
Grants & Contributions provided for Operating Purposes	(13,891,687)	(6,049,554)	(19,941,241)	(4,037,338)	0	(4,037,338)	20%
Grants & Contributions provided for Capital Purposes	(43,630,578)	(6,078,308)	(49,708,886)	(28,700,979)	0	(28,700,979)	58%
Interest & Investment Revenue	(4,873,916)	0	(4,873,916)	(5,258,429)	0	(5,258,429)	108%
Other Income	(1,564,445)	(22,667)	(1,587,112)	(1,115,459)	0	(1,115,459)	70%
Total Revenue	(179,309,895)	(10,178,349)	(189,488,244)	(106,163,244)	0	(106,163,244)	56%
Expenses
Employee Benefits & On-Costs	56,172,711	368,830	56,541,540	30,252,794	305	30,253,098	54%
Borrowing Costs	3,363,314	0	3,363,314	2,042,463	0	2,042,463	61%
Materials & Services	41,316,274	15,128,871	56,445,145	29,608,124	8,404,450	38,012,574	67%
Depreciation & Amortisation	44,291,577	0	44,291,577	25,836,753	0	25,836,753	58%
Other Expenses	1,954,429	233,560	2,187,989	1,197,596	366,167	1,563,763	71%
Total Expenses	147,098,304	15,731,261	162,829,565	88,937,729	8,770,922	97,708,651	60%
Net Operating (Profit)/Loss	(32,211,591)	5,552,912	(26,658,679)	(17,225,515)	8,770,922	(8,454,593)
Net Operating Result Before Capital (Profit)/Loss	11,418,987	11,631,220	23,050,207	11,475,465	8,770,922	20,246,386
Cap/Reserve Movements
Capital Expenditure - One Off Confirmed	33,539,246	32,185,166	65,724,412	21,439,277	19,783,289	41,222,565	63%
Capital Expenditure - Recurrent	21,649,500	8,811,449	30,460,950	6,052,805	6,962,187	13,014,992	43%
Capital Expenditure - Pending Projects	38,732,266	(37,984,161)	748,105	19,071	109,515	128,586	0%
Loan Repayments	7,523,436	0	7,523,436	3,805,338	0	3,805,338	51%
New Loan Borrowings	(10,609,635)	7,043,364	(3,566,271)	0	0	0	0%
Sale of Assets	(1,490,575)	(2,317,180)	(3,807,755)	(635,982)	0	(635,982)	17%
Net Movements Reserves	(12,841,071)	(13,291,551)	(26,132,622)	0	0	0	0%
Total Cap/Res Movements	76,503,167	(5,552,912)	70,950,256	30,680,509	26,854,991	57,535,500
Net Result after Depreciation	44,291,577	(0)	44,291,577	13,454,994	35,625,912	49,080,907
Add back Depreciation Expense	44,291,577	0	44,291,577	25,836,753	0	25,836,753	58%
Cash Budget (Surplus)/Deficit	0	(0)	(0)	(12,381,759)	35,625,912	23,244,154

 

Years 2-10 Long Term Financial Plan (Surplus) /Deficit

 

 

 

 

 

 

 

 

 

 

2023/24 Revised Budget Result – (Surplus) / Deficit	$’000s
Original 2023/24 Budget Result as adopted by Council Total Budget Variations approved to date. Budget Variations for January 2024	$0K $0K $0K
Proposed Revised Budget result for 31 January 2024 - (Surplus) / Deficit	$0K

 

The proposed Operating and Capital Budget Variations for 31 January 2024 which affect the current 2023/24 financial year are listed below.

 

 

 

The following 2023/24 project has been reviewed and it is being proposed to defer the majority of the budget to 2025/26 for project delivery, leaving design budgets in 2023/24 and 2024/25. There has been no change to the total budget of the project. This is due to delays with requirement for compulsory acquisition of easements.

 

Job No.	Project Title	2023/24 Current One-Off Confirmed	2023/24 Proposed One-Off Confirmed	2024/25 Proposed One-Off Confirmed	2025/26 Proposed One-Off Pending
50199	Sewer Pump Station SPS22 Elizabeth Avenue Forest Hill	$1,269,795	$30,000	$30,000	$1,209,795

 

 

 

2023/24 Capital Works Summary

 

Capital Works	Approved Budget	Proposed Movement	Proposed Budget
One-off	$65,724,412	($1,094,795)	$64,629,617
Recurrent	$30,460,950	$0	$30,460,950
Pending	$748,105	$0	$748,105
Total Capital Works	$96,933,467	($1,094,795)	$95,838,672

 

 

 

Current Restrictions

 

 

RESERVES SUMMARY
31 JANUARY 2023
	CLOSING BALANCE 2022/23	ADOPTED RESERVE TRANSFERS 2023/24	BUDGET VARIATIONS APPROVED UP TO COUNCIL MEETING 29.1.2024	PROPOSED CHANGES for Council Resolution*	BALANCE AS AT 31 JANUARY 2023
Externally Restricted
Developer Contributions - Section 7.11	(33,518,693)	5,650,317	(2,146,653)		(30,015,029)
Developer Contributions - Section 7.12	(427,766)	(28,137)	0		(455,903)
Developer Contributions - Stormwater Section 64	(7,952,971)	461,121	(1,003,403)		(8,495,253)
Sewer Fund	(45,473,006)	(486,810)	(920,244)		(46,880,059)
Solid Waste	(28,001,560)	1,115,349	(935,606)		(27,821,816)
Specific Purpose Unexpended Grants & Contributions	(13,419,243)	0	13,419,243		0
SRV Levee Reserve	(6,316,594)	0	46,718		(6,269,877)
Stormwater Levy	(5,350,848)	3,299,121	(2,906,312)		(4,958,039)
Total Externally Restricted	(140,460,680)	10,010,962	5,553,743	0	(124,895,976)
Internally Restricted
Additional Special Variation (ASV)	(630,214)	(304,627)	0		(934,841)
Airport	0	0	0		0
Art Gallery	(3,804)	0	0		(3,804)
Bridge Replacement	(277,544)	0	40,739		(236,805)
Buildings	(1,816,155)	222,330	255,413		(1,338,412)
CCTV	(47,471)	12,476	0		(34,995)
Cemetery	(1,246,587)	(240,585)	30,437		(1,456,735)
Civic Theatre	(127)	0	0		(127)
Civil Infrastructure	(8,750,164)	1,975,590	623,233	145,000	(6,006,341)
Council Election	(305,964)	(117,566)	0		0
Economic Development	(407,131)	0	0		(423,531)
Emergency Events Reserve	(245,427)	(91,807)	388,773		(18,358)
Employee Leave Entitlements Gen Fund	(3,604,926)	0	50,000		(287,235)
Environmental Conservation	(116,578)	0	0		(3,604,926)
Event Attraction	(969,436)	0	0		(116,578)
Financial Assistance Grants in Advance	(12,361,442)	0	728,755		(240,681)
Grant Co-Funding	(500,000)	0	0		(12,361,442)
Gravel Pit Restoration	(807,726)	13,333	0		(500,000)
Information Services	(2,419,649)	906,761	26,500		(767,892)
Insurance Variations	(50,000)	0	92,772		(1,420,116)
Internal Loans	(6,215,667)	(768,775)	0		(50,000)
Lake Albert Improvements	(127,751)	38,377	240,226		(6,744,217)
Library	(166,718)	(155,915)	0		(89,374)
Livestock Marketing Centre	(6,581,531)	1,077,258	0		(322,633)
Museum Acquisitions	(54,612)	10,000	4,194,727		(1,309,546)

 

 

 

 

 

 

Investment Summary as at 31 January 2024

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

Institution	Rating	Closing Balance Invested 31/12/2023 $	Closing Balance Invested 31/01/2024 $	January EOM Current Yield %	January EOM % of Portfolio	Investment Date	Maturity Date	Term (mths)
At Call Accounts
NAB	AA-	160,704	288,105	4.35%	0.13%	N/A	N/A	N/A
CBA	AA-	3,966,559	2,005,962	4.35%	0.90%	N/A	N/A	N/A
CBA	AA-	21,784,034	17,865,441	4.40%	8.03%	N/A	N/A	N/A
Macquarie Bank	A+	9,510,293	9,546,961	4.15%	4.29%	N/A	N/A	N/A
Total At Call Accounts		35,421,589	29,706,469	4.32%	13.36%
Short Term Deposits
AMP	BBB	1,000,000	1,000,000	5.40%	0.45%	15/11/2023	15/11/2024	12
CBA	AA-	1,000,000	0	0.00%	0.00%	30/01/2023	30/01/2024	12
Australian Military Bank	BBB+	1,000,000	1,000,000	5.06%	0.45%	24/05/2023	24/05/2024	12
Australian Unity	BBB+	1,000,000	1,000,000	5.44%	0.45%	8/06/2023	11/06/2024	12
ING Bank	A	2,000,000	2,000,000	5.62%	0.90%	26/06/2023	26/06/2024	12
ING Bank	A	2,000,000	2,000,000	5.65%	0.90%	30/06/2023	28/06/2024	12
Heritage and People's Choice	BBB+	1,000,000	1,000,000	5.80%	0.45%	10/07/2023	10/07/2024	12
CBA	AA-	2,000,000	2,000,000	5.27%	0.90%	31/08/2023	30/08/2024	12
Australian Unity	BBB+	1,000,000	1,000,000	5.49%	0.45%	27/11/2023	27/11/2024	12
Suncorp	A+	2,000,000	2,000,000	5.46%	0.90%	30/11/2023	29/11/2024	12
ING Bank	A	1,000,000	1,000,000	5.46%	0.45%	30/11/2023	29/11/2024	12
BankVic	BBB+	1,000,000	1,000,000	5.45%	0.45%	4/12/2023	4/12/2024	12
AMP	BBB	2,000,000	2,000,000	5.35%	0.90%	14/12/2023	16/12/2024	12
Australian Unity	BBB+	0	1,000,000	5.19%	0.45%	30/01/2024	30/01/2025	12
Total Short Term Deposits		18,000,000	18,000,000	5.44%	8.09%
Medium Term Deposits
BOQ	BBB+	2,000,000	0	0.00%	0.00%	4/01/2022	4/01/2024	24
BOQ	BBB+	1,000,000	1,000,000	3.78%	0.45%	1/06/2022	3/06/2024	24
Westpac	AA-	2,000,000	2,000,000	1.32%	0.90%	28/06/2021	29/06/2026	60
Westpac	AA-	2,000,000	2,000,000	1.80%	0.90%	15/11/2021	17/11/2025	48
ICBC	A	2,000,000	2,000,000	2.03%	0.90%	6/11/2019	6/11/2024	60
ICBC	A	2,000,000	2,000,000	1.83%	0.90%	28/11/2019	28/11/2024	60
ICBC	A	1,000,000	0	0.00%	0.00%	6/01/2020	8/01/2024	48
BOQ	BBB+	1,000,000	1,000,000	2.00%	0.45%	28/02/2020	28/02/2025	60
Police Credit Union	NR	1,000,000	1,000,000	2.20%	0.45%	1/04/2020	1/04/2025	60
ICBC	A	1,000,000	1,000,000	1.85%	0.45%	29/05/2020	29/05/2025	60
ICBC	A	1,000,000	1,000,000	1.86%	0.45%	1/06/2020	2/06/2025	60
ICBC	A	2,000,000	2,000,000	1.75%	0.90%	25/06/2020	25/06/2025	60
ICBC	A	2,000,000	2,000,000	1.75%	0.90%	25/06/2020	25/06/2025	60
ICBC	A	2,000,000	2,000,000	1.60%	0.90%	29/06/2020	28/06/2024	48
ICBC	A	3,000,000	3,000,000	5.07%	1.35%	30/06/2022	30/06/2027	60
ICBC	A	2,000,000	2,000,000	1.42%	0.90%	7/07/2020	8/07/2024	48
ICBC	A	2,000,000	2,000,000	1.50%	0.90%	17/08/2020	18/08/2025	60
BoQ	BBB+	1,000,000	1,000,000	1.25%	0.45%	7/09/2020	8/09/2025	60
BoQ	BBB+	2,000,000	2,000,000	1.25%	0.90%	14/09/2020	15/09/2025	60
NAB	AA-	1,000,000	1,000,000	5.23%	0.45%	14/09/2023	16/09/2024	12
ICBC	A	1,000,000	1,000,000	1.20%	0.45%	7/12/2020	8/12/2025	60
NAB	AA-	2,000,000	2,000,000	0.95%	0.90%	29/01/2021	29/01/2026	60
NAB	AA-	1,000,000	1,000,000	1.08%	0.45%	22/02/2021	20/02/2026	60
NAB	AA-	2,000,000	2,000,000	1.25%	0.90%	3/03/2021	2/03/2026	60
NAB	AA-	2,000,000	2,000,000	1.40%	0.90%	21/06/2021	19/06/2026	60
Westpac	AA-	2,000,000	2,000,000	1.32%	0.90%	25/06/2021	25/06/2026	60
ICBC	A	1,000,000	1,000,000	1.32%	0.45%	25/08/2021	25/08/2026	60
AMP	BBB	2,000,000	2,000,000	1.00%	0.90%	18/10/2021	17/10/2024	36
Westpac	AA-	2,000,000	2,000,000	1.56%	0.90%	30/11/2021	29/11/2024	36
Westpac	AA-	2,000,000	2,000,000	2.00%	0.90%	8/02/2022	10/02/2025	36
P&N Bank	BBB	2,000,000	2,000,000	2.40%	0.90%	9/03/2022	10/03/2025	36
P&N Bank	BBB	2,000,000	2,000,000	2.00%	0.90%	10/03/2022	11/03/2024	24
MyState	BBB	2,000,000	2,000,000	2.20%	0.90%	2/03/2022	3/03/2025	36
CBA	AA-	2,000,000	2,000,000	3.28%	0.90%	26/04/2022	26/04/2024	24
CBA	AA-	2,000,000	2,000,000	3.78%	0.90%	4/05/2022	6/05/2024	24
CBA	AA-	2,000,000	2,000,000	3.99%	0.90%	4/05/2022	5/05/2025	36
ING Bank	A	1,000,000	1,000,000	3.76%	0.45%	23/05/2022	23/05/2024	24
ICBC	A	2,000,000	2,000,000	3.95%	0.90%	6/06/2022	6/06/2024	24
Australian Unity	BBB+	2,000,000	2,000,000	4.15%	0.90%	8/06/2022	11/06/2024	24
MyState	BBB	2,000,000	2,000,000	4.45%	0.90%	29/06/2022	28/06/2024	24
BoQ	BBB+	1,000,000	1,000,000	4.50%	0.45%	7/07/2022	7/07/2025	36
CBA	AA-	1,000,000	1,000,000	4.25%	0.45%	12/08/2022	12/08/2025	36
P&N Bank	BBB	3,000,000	3,000,000	4.55%	1.35%	29/08/2022	29/08/2025	36
Australian Military Bank	BBB+	2,000,000	2,000,000	4.55%	0.90%	2/09/2022	2/09/2025	36
P&N Bank	BBB	1,000,000	1,000,000	4.40%	0.45%	9/09/2022	9/09/2025	36
BoQ	BBB+	1,000,000	1,000,000	4.70%	0.45%	4/10/2022	4/10/2024	24
AMP	BBB	2,000,000	2,000,000	4.95%	0.90%	21/10/2022	21/10/2024	24
ICBC	A	2,000,000	2,000,000	5.20%	0.90%	21/10/2022	21/10/2025	36
AMP	BBB	1,000,000	1,000,000	4.75%	0.45%	15/11/2022	14/11/2024	24
AMP	BBB	1,000,000	1,000,000	4.80%	0.45%	21/11/2022	20/11/2025	36
P&N Bank	BBB	2,000,000	2,000,000	4.75%	0.90%	16/12/2022	16/12/2024	24
Police Credit Union	NR	2,000,000	2,000,000	5.04%	0.90%	15/02/2023	17/02/2025	24
Police Credit Union	NR	2,000,000	2,000,000	4.94%	0.90%	14/03/2023	14/03/2025	24
P&N Bank	BBB	2,000,000	2,000,000	5.00%	0.90%	14/03/2023	15/03/2027	48
Hume Bank	BBB+	2,000,000	2,000,000	4.75%	0.90%	31/03/2023	31/03/2025	24
Auswide	BBB	2,000,000	2,000,000	4.95%	0.90%	13/04/2023	13/04/2026	36
P&N Bank	BBB	2,000,000	2,000,000	5.20%	0.90%	20/04/2023	20/04/2027	48
P&N Bank	BBB	1,000,000	1,000,000	5.20%	0.45%	26/05/2023	26/05/2026	36
ING Bank	A	2,000,000	2,000,000	5.37%	0.90%	21/08/2023	21/08/2025	24
P&N Bank	BBB	1,000,000	1,000,000	5.45%	0.45%	30/11/2023	28/11/2025	24
ING Bank	A	2,000,000	2,000,000	5.20%	0.90%	14/12/2023	15/12/2025	24
ING Bank	A	0	2,000,000	5.14%	0.90%	3/01/2024	5/01/2026	24
P&N Bank	BBB	0	2,000,000	5.10%	0.90%	4/01/2024	4/01/2027	36
Suncorp	A+	0	1,000,000	5.08%	0.45%	8/01/2024	8/01/2026	24
Total Medium Term Deposits		104,000,000	106,000,000	3.30%	47.66%
Floating Rate Notes - Senior Debt
Westpac	AA-	2,522,410	2,534,028	BBSW + 88	1.14%	16/05/2019	16/08/2024	63
Suncorp	A+	1,261,459	1,251,432	BBSW + 78	0.56%	30/07/2019	30/07/2024	60
ANZ	AA-	2,012,845	2,022,241	BBSW + 77	0.91%	29/08/2019	29/08/2024	60
HSBC	AA-	2,506,012	2,517,982	BBSW + 83	1.13%	27/09/2019	27/09/2024	60
ANZ	AA-	1,518,636	1,507,409	BBSW + 76	0.68%	16/01/2020	16/01/2025	60
NAB	AA-	2,023,875	2,008,469	BBSW + 77	0.90%	21/01/2020	21/01/2025	60
Newcastle Permanent	BBB	1,107,533	1,113,455	BBSW + 112	0.50%	4/02/2020	4/02/2025	60
Macquarie Bank	A+	2,017,499	2,027,693	BBSW + 84	0.91%	12/02/2020	12/02/2025	60
BOQ Covered	AAA	555,949	558,580	BBSW + 107	0.25%	14/05/2020	14/05/2025	60
UBS	A+	1,510,992	1,500,048	BBSW + 87	0.67%	30/07/2020	30/07/2025	60
CBA	AA-	2,013,900	2,000,110	BBSW + 70	0.90%	14/01/2022	14/01/2027	60
Rabobank	A+	2,007,308	1,992,628	BBSW + 73	0.90%	27/01/2022	27/01/2027	60
Newcastle Permanent	BBB	990,780	997,358	BBSW + 100	0.45%	10/02/2022	10/02/2027	60
NAB	AA-	2,404,766	2,416,955	BBSW + 72	1.09%	25/02/2022	25/02/2027	60
Bendigo-Adelaide	BBB+	1,654,853	1,663,729	BBSW + 98	0.75%	17/03/2022	17/03/2025	36
ANZ	AA-	2,023,732	2,032,979	BBSW + 97	0.91%	12/05/2022	12/05/2027	60
NAB	AA-	1,714,951	1,723,266	BBSW + 90	0.77%	30/05/2022	30/05/2025	36
Suncorp	A+	906,873	911,571	BBSW + 93	0.41%	22/08/2022	22/08/2025	36
ANZ	AA-	2,551,227	2,562,475	BBSW + 120	1.15%	4/11/2022	4/11/2027	60
NAB	AA-	2,543,831	2,554,376	BBSW + 120	1.15%	25/11/2022	25/11/2027	60
Suncorp	A+	1,108,482	1,113,900	BBSW + 125	0.50%	14/12/2022	14/12/2027	60
CBA	AA-	2,042,389	2,024,489	BBSW + 115	0.91%	13/01/2023	13/01/2028	60
Bank Australia	BBB	1,917,934	1,927,802	BBSW + 155	0.87%	22/02/2023	22/02/2027	48
Bendigo-Adelaide Covered	AAA	1,002,999	1,008,409	BBSW + 115	0.45%	16/06/2023	16/06/2028	60
CBA	AA-	2,520,677	2,532,468	BBSW + 95	1.14%	17/08/2023	17/08/2028	60
ANZ	AA-	2,107,513	2,117,516	BBSW + 93	0.95%	11/09/2023	11/09/2028	60
Bank Australia	BBB	1,666,942	1,652,490	BBSW + 150	0.74%	30/10/2023	30/10/2026	36
Total Floating Rate Notes - Senior Debt		48,216,368	48,273,858		21.70%
Fixed Rate Bonds
ING Covered	AAA	687,832	690,549	1.10%	0.31%	19/08/2021	19/08/2026	60
Northern Territory Treasury	AA-	3,000,000	3,000,000	1.00%	1.35%	24/08/2021	16/12/2024	40
Northern Territory Treasury	AA-	3,000,000	3,000,000	1.50%	1.35%	24/08/2021	15/12/2026	64
BoQ	BBB+	1,758,219	1,766,996	2.10%	0.79%	27/10/2021	27/10/2026	60
Northern Territory Treasury	AA-	2,000,000	2,000,000	1.50%	0.90%	6/08/2021	15/12/2026	64
Northern Territory Treasury	AA-	1,000,000	1,000,000	1.50%	0.45%	14/07/2021	15/12/2026	65
Northern Territory Treasury	AA-	2,000,000	2,000,000	1.30%	0.90%	29/04/2021	15/06/2026	61
Northern Territory Treasury	AA-	2,000,000	2,000,000	1.00%	0.90%	30/11/2020	15/12/2025	60
Northern Territory Treasury	AA-	1,000,000	1,000,000	1.00%	0.45%	20/11/2020	15/12/2025	61
Northern Territory Treasury	AA-	2,000,000	2,000,000	1.00%	0.90%	21/10/2020	15/12/2025	62
Total Fixed Rate Bonds		18,446,051	18,457,545	1.30%	8.30%
Managed Funds
NSW Tcorp	NR	1,951,560	1,979,237	1.42%	0.89%	17/03/2014	1/01/2029	177
Total Managed Funds		1,951,560	1,979,237	1.42%	0.89%
TOTAL CASH ASSETS, CASH EQUIVALENTS & INVESTMENTS		226,035,568	222,417,109		100.00%
LESS: RIVERINA REGIONAL LIBRARY (RRL) CASH AT BANK		2,503,802	2,501,300
TOTAL WWCC CASH ASSETS, CASH EQUIVALENTS & INVESTMENTS		223,531,766	219,915,809

 

Council’s investment portfolio is dominated by Term Deposits, equating to approximately 56% of the portfolio across a broad range of counterparties. Cash equates to 13%, with Floating Rate Notes (FRNs) around 22%, fixed rate bonds around 8% 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 $223.53M to $219.92M.

 

 

Monthly Investment Movements

 

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

 

 

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

 

 

Rollovers – Council did not roll over any investment securities during January 2024.

 

Monthly Investment Performance

 

Interest/growth/capital gains/(losses) for the month totalled $792,661, which compares favourably with the budget for the period of $384,865 - outperforming budget for the month by $407,796.

 

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

 

Council experienced a positive return on its NSW T-Corp Managed Fund for the month of January, with the fund returning +1.42% (or +$27,677) as domestic (+1.19%) and international (+1.20%) shares showed modest gains for the month.

 

 

In comparison to the AusBond Bank Bill Index* of 4.44% (annualised), Council’s investment portfolio returned 3.96% (annualised) for the month of January. This underperformance against the benchmark for the month is mainly due to lower returns on fixed deposits and bonds due to a proportion of these being locked in prior to the unexpected RBA rate hikes, as well as aggressive increases in the AusBond Bank Bill index due to the current interest rate environment. On Cash and At‑Call accounts returned 4.35% (annualised) for the month. These funds are utilised for daily cash flow management and need to be available to meet operating and contractual payments as they fall due.

 

Over the past year, Council’s investment portfolio has returned 3.55%, marginally underperforming the AusBond Bank Bill index by -0.44%. Councils investment portfolio has continued to outperform the AusBond Bank Bill Index* over the longer-term time period, returning 2.34% per annum over the past 3 years – outperforming the benchmark by 0.51% 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: We have strong leadership

Outcome: We are accountable and transparent

 

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.

 

 

 

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Capital Works Program 2023/24 to 2032/33