Five Year Financial Plan to

Transcription

1 Five Year Financial Plan to June 2014

2 Moreland City Council Five Year Financial Plan to C O N T E N T S 1. Executive Summary 1 2. Plan Preparation 3 3. Appraisal of Current Position 5 4. Assumptions made in preparing Plan 6 5. Targets 7 6. Evaluation of 5-Year Financial Plan 10 Appendices A. The Four Standard Statements with Commentary 11 B. Performance Indicators 26 C. Rating Strategy Summary 28 D. Debt Strategy Summary 31 E. Asset Management Strategy Summary 32 F. 5 Year Capital Works Program (LGV format) 34 F1. 5 Year Capital Works Program (alternative format) 62 G. Financial Sustainability Graphs (using VAGO s assessment) 76

3 1. EXECUTIVE SUMMARY Moreland City Council 5 Year Financial Plan to Page 1 The 5-Year Financial Plan (5YFP) is: A plan of resources, both financial and non financial, required over the five year period 2014/2015 to 2018/2019 to achieve the strategic objectives adopted in the Council Plan as required under Section 126 of the Local Government Act 1989.The Act describes it as the Strategic Resource Plan (5YFP) The Outcomes outlined in the Council Plan ( ) are: 1. Moreland community members are mentally and physically healthy and active 2. Moreland community members feel connected to others and have access to the necessary services 3. Moreland community is educated 4. Moreland community feels safe and is safe 5. Moreland community has access to affordable housing 6. The human rights of Moreland s diverse community are upheld 7. People have access to local places, spaces and public transport 8. People can access a variety of mobility options 9. Attractive and well maintained built environment, streetscapes and landscapes 10. Cultural & artistic focus of the City of Moreland continues to thrive 11. The historical places of the City of Moreland continue to be enhanced 12. Reduction of non renewable energy & fresh water usage and carbon emissions 13. Community is focused on reducing consumption 14. Moreland community is environmentally aware and active 15. Moreland s natural environment is preserved and enhanced 16. The City of Moreland has a growing local economy 17. Partnerships are used to deliver community outcomes 18. Moreland community has access to information, opportunities to participate in decision making and access to decision makers 19. Moreland is financially responsible taking account current and future needs 20. Moreland community has access to responsive services Challenges facing the Council in achieving these strategic objectives: Maintaining a small surplus cash result to replenish liquidity after considering operating requirements, payments for capital expenditure, reserve transfers and loan principal repayments; The capital investment burden to renew community assets; Ensuring a reasonable debt level; and Maintaining an appropriate level of working capital. The targets adopted to address the challenges: Reflect the resources required to deliver Council Plan objectives and actions Balance the appropriate service level that the community is prepared to pay for Generate enough recurrent revenue to cover recurrent operating costs (Underlying Result) Have sufficient working capital to meet short-term commitments (Liquidity) Not overly reliant on debt to fund capital program (Indebtedness) Generate sufficient operating cash flow to invest in asset renewal and repay any debt (Self Financing) Replace assets at a rate consistent with their consumption (Capital Replacement) Maintain existing assets at a consistent rate (Renewal Gap)

4 Moreland City Council 5 Year Financial Plan to Page 2 Demonstrate continuous improvements Future Updates This Plan is not static. It will be reviewed annually as part of the Council planning process and updated to reflect changing circumstances. The Auditor-General s long term financial sustainability assessment Council uses the Victorian Auditor- General s criteria for assessing local government financial sustainability to guide its long term financial planning. The criteria are: 1. Underlying operating result over 5 years 2. Liquidity 3. Self-financing 4. Indebtedness 5. Capital replacement over 5 years 6. Renewal gap over 5 years The 5YFP has the above criteria built into the model and will see Council achieve an overall green traffic light for every year of the 5-year period. Financial performance and funding position for the 5-year period Even though the 5YFP shows a surplus underlying result for every year of the 5-year period, it is important to note that apart from operating expenditure that appears in the Income Statement, Council also needs to fund a number of balance sheet items including: Additional rates funded capital expenditure beyond depreciation. Depreciation being non-cash expenditure, reflects the level of asset consumption and is often a way of funding capital renewal expenditure. However to gradually close the renewal backlog that Council faces, rates funded capital expenditure needs to exceed depreciation. Loan principal repayment. Although loan interest is included in the income statement, the principal repayment is a balance sheet item and needs cash funding. Transfers to reserves for future capital works spending. This includes the public resort and recreation land fund. The funding position for the next five years is shown in the following table: Description 14/15 15/16 16/17 17/18 18/19 Budget Forecast Forecast Forecast Forecast Underlying result 9,219 8,517 9,807 11,492 12,976 Less Additional rates funded CapEx beyond Depreciation 2,889 3,950 5,014 6,380 7,664 Loan Principal Repayments 2,239 2,251 2,296 2,416 2,396 Transfer to Reserves 4,091 2,315 2,497 2,696 2,916 Surplus/(Deficit) Funds (0) 0 (0) 0 0

5 2. Plan Preparation Moreland City Council 5 Year Financial Plan to Page 3 Method of preparation Councillors, senior staff and managers were involved in researching and evaluating: the Council s current service and resource levels to determine the changes needed to address the strategic objectives proposed in the Council Plan; and the targets to be met in addressing the Council Plan resource needs. Six statements are used as bases for providing and assessing relevant information: income statement; balance sheet; change in equity; cash flows; capital works program and human resources (refer Appendix A). Consultation This proposed 5 Year Financial Plan has taken into consideration of a number of factors including: Feedback received during the community consultation process from August 2010 to March 2011 including: Strong support of need to maintain assets and to allocate rate funding to asset improvement Strong support for continual review of the most cost effective methods for service delivery Strong support for revenue diversification eg. developer contributions Feedback from councillors during the development of the 2014/15 Budget. External factors including: Continuous slow growth in the global economic environment; Since 1 July 2013, Local Government became the collection agency for the State Government for the fire service property levy. Consistency with Local Government Act principles It is important to ensure that the Council adheres to the principles of sound financial management required by Section 136 of the Local Government Act 1989, in particular: management of risk relating to debt, assets, liability and entrepreneurial activities; and ensuring that decisions made and actions taken, including rating and spending policies, have due regard for the financial effects on future generations.

6 Council s Strategic Planning Framework Moreland City Council 5 Year Financial Plan to Page 4 Relationship to Council Planning Framework The 5YFP is: An integral part of the Council Plan; and Linked to other Council strategic documents including the Long Term Capital Works Plan and the Long Term Financial Model.

7 3. Appraisal of Historic and Current Position Moreland City Council 5 Year Financial Plan to Page 5 The purpose of this section is to ascertain the movement of financial status of the Council in recent years as a basis for determining the changes required to responsibly address the strategies proposed in the Council Plan. Appendix A and Appendix B provide Council s historic financial data as well as current and future projections. Appendix B in particular provides the movement of key financial indicators in recent years. Financial Performance Council s financial performance has continuously improved in recent years. The underlying result as a percentage of underlying revenue was a deficit 1.9% in 2007/08; this has been steadily improved over the recent years, with a surplus of 4.7% projected for 2013/14 year. It is however worth noting that Council s Grants revenue and Fees and Charges revenue increases are not meeting the expenditure increase requirements, and Council has become more and more reliant on rates revenue to meet the rise in cost pressure for both operating and capital expenditure. Financial Position Council continues to demonstrate a strong Balance Sheet position, with its net worth increased from $1.21 billion in 2007/08 to a projected $1.49 billion in 2013/14. Council has in recent years increased its debt level to fund significant capital works projects and currently holds total loans of over $50 million. Council s noncurrent liabilities as a percentage of rates and charges have been significantly increased from 15% in 2007/08 to a projected 46% for 2013/14. Council needs to closely monitor its borrowing level in the next 5 years to ensure the indebtedness level is controlled at a reasonable level. The ratio of current assets to current liabilities has fluctuated in recent years. Whilst Council is still in a good position to meet short-term financial commitments, there is a strong need to carefully manage this cash liquidity ratio into the future. Capital Expenditure Council has in recent years committed to increasing rates funded capital expenditure by 5% per annum. This has seen Council s overall capital works delivery increase significantly from $18.4 million in 2007/08 to $43.09 million in 2012/13 (budget $44.1 million in 2013/14). Council s capital works expenditure as a percentage of total rates revenue has increased from 25% in 2007/08 to 39% in 2012/13 (projected 39% in 2013/14). Council however needs to increase its efforts on renewal projects as the annual renewal spending has been below the depreciation level.

8 Moreland City Council 5 Year Financial Plan to Page 6 4. Assumptions made in preparing the 5YFP Table 4.1 Key assumptions underlying the 5 Year Financial Plan (5YFP) Item The Original 5YFP Assumptions (Jun 13) Budgeting Assumptions Proposed New 5YFP Assumption Rate increase 6.0% per annum 4.5% increase 4.5% for , around 5.0% for the residual 4 years. Most of the expenditure items 2% 3% increase on prior year budget 2% 3% increase on budget 2% 3% increase on prior year budget Grants income 2% - 3% increase per annum 2% - 3% increase per annum 2% - 3% increase per annum Fees & Charges 3% increase per annum 3% increase per annum 3% increase per annum Insurance premium 10% increase per annum 21.8% increase on % increase per annum budget Employee costs 8 new FTEs per annum In line with EBA Superannuation as per the legislation Workcover premium 2.5% No new FTEs unless cost neutral In line with EBA Superannuation as per the legislation Workcover premium 2.5% No new FTEs unless cost neutral In line with EBA Superannuation as per the legislation Workcover premium 2.5% Consultancy and 3% - 4% increase on prior 3% - 4% increase on % - 4% increase on prior contractors year budget Utilities Electricity & Gas: 10% increase p.a Water: 3% increase p.a Current and future defined benefit calls $1.5 million included in budget; with 10% annual increase Other revenue source PIN based on 3% increase p.a. Moderate level of Developer contribution assumed Asset related items Rates funded Capex is to increase by 5% p.a. Additional operating and maintenance costs from new assets included. The construction of Pentridge Boulevard is repaid by owners in 10 years. Borrowing No new borrowing apart from currently committed ($2.835M in 14/15) 14 budget Electricity & Gas: 10% increase p.a Water: 3% increase p.a $1.65 million included in budget PIN based on 3% increase p.a. Moderate level of Developer contribution assumed Rates funded Capex is to increase by 5% p.a. $300k additional maintenance costs included in budget The construction of Pentridge Boulevard is repaid by owners in 10 years. No new borrowing for year budget Electricity & Gas: 10% increase p.a Water: 3% increase p.a. $1.5 million included in budget; with 10% annual increase PIN based on 3% increase p.a. Moderate level of Developer contribution assumed Rates funded Capex is to increase by 5% p.a. Additional operating and maintenance costs from new assets included. The construction of Pentridge Boulevard is repaid by owners in 10 years. No new borrowing included

9 5. Targets Moreland City Council 5 Year Financial Plan to Page 7 Financial Sustainability The key financial objective for Council is financial sustainability. This is often a poorly defined concept. A useful definition is: Council's long-term financial performance and position is sustainable where planned long-term service and infrastructure levels and standards are met without unplanned increases in rates or disruptive cuts to services. The Victorian Auditor-General s Office uses six (6) indicators to measure Councils financial sustainability: Indicator Formula Des cription Underlying result (%) Adjusted net surplus / Total underlying revenue Liquidity Current assets / Current liabilities Self-financing (%) Net operating cash flows / Underlying revenue Indebtedness (%) Non-current liabilities / Own-sourced revenue Capital replacement Renewal gap Capital spend / Depreciation Source: Victorian Auditor-General's Office. Renewal and upgrade expenditure / Depreciation A positive result indicates a surplus, and the larger the percentage, the stronger the result. A negative result indicates a deficit. Operating deficits cannot be sustained in the long-term. Underlying revenue does not take into account non-cash developer contributions and other one-off (non-recurring) adjustment. This measures the ability to pay existing liabilities in the next 12 months. A ratio one or more means there is more cash and liquid assets than short-term liabilities. Measures the ability to replace assets using cash generated by their operations. The higher the percentage, the more effectively this can be done. Comparison of non-current liabilities (mainly comprised of borrowings) to own-sourced revenue. The higher the percentage, the less able to cover non-current liabilities from the revenues they generate themselves. Own-sourced revenue is used (rather than total revenue) because it does not include capital grants, which are usually tied to specific projects. Comparison of the rate of spending on infrastructure with its depreciation. Ratios higher than 1:1 indicate that spending is faster than the depreciating rate. This is a long-term indicator, as capital expenditure can be deferred in the short-term if there are insufficient funds available from operations, and borrowing is not an option. Comparison of the rate of spending on existing assets through renewing, restoring, and replacing existing assets with depreciation. Ratios higher than 1:1 indicate that spending on existing assets is greater than the depreciation rate. Similar to the investment gap, this is a long-term indicator, as capital expenditure can be deferred in the short term if there are insufficient funds available from operations, and borrowing is not an option.

10 Moreland City Council 5 Year Financial Plan to Page 8 Ris k High Me d ium Low Underlying res ult (%) Negative 10% or less Insufficient revenue is being generated to fund operations and asset renewal. Negative 10% to zero A risk of longterm run down to cash reserves and inability to fund asset renewals. More than zero Generating surpluses consistently. Risk assessment criteria for financial sus tain ability indicators Liquidity Equal to or less than 1.0 Insufficient current assets to cover liabilities. Indebtedness (%) More than 60% Potentially long-term concern over ability to repay debt levels from ownsource revenue. Self-financing (%) Less than 10% Insufficient cash from operations to fund new assets and asset renewal. Capital replacement Equal to or less than 1.0 Spending on capital works has not kept pace with consumption of assets. Renewal gap Equal to or less than 0.5 Spending on existing assets has not kept pace with consumption of these assets % 10 20% Need for caution with cash flow, as issues could arise with meeting obligations as they fall due. Some concern over the ability to repay debt from own- source revenue. May not be generating sufficient cash from operations to fund new assets. May indicate spending on asset renewal is insufficient. May indicate insufficient spending on renewal of existing assets. More than % or less 20% or more More than 1.5 More than 1.0 No immediate issues with repaying shortterm liabilities as they fall due. No concern over the ability to repay debt from ownsource revenue. Generating enough cash from operations to fund assets. Low risk of insufficient spending on asset renewal. Low risk of insufficient spending on asset base. The overall financial sustainability risk assessment is calculated using the ratings determined for each indicator as follows:! Overall financial s u s tainability ris k as s es s m ent High risk of short-term and immediate sustainability concerns indicated by either: red underlying result indicator or red liquidity indicator. Medium risk of longer-term sustainability concerns indicated by either: red self-financing indicator and red indebtedness indicator or red capital replacement indicator or red renewal gap indicator. Low risk of financial sustainability concerns there are no high risk indicators. Victorian Auditor-General's Office. The sustainability graphs attached to this document (Appendix G) reflect Moreland s financial sustainability history and projection using the above assessment criteria.

11 Action Plan to Improve Financial Sustainability Moreland City Council 5 Year Financial Plan to Page 9 Indicator Underlying result Liquidity Self-financing Indebtedness Actions Achieve sufficient underlying surplus every year to cover capital expenditure, loan principal repayments, and reserve transfers. To meet the above target, in particular considering the annual 5% increase on rates funded CapEx and council s debt level, overall underlying surplus of $9.22 million ( ) to $12.98 million ( ) is required and projected. (Green light. Appendix A1, Appendix G) Maintain a positive working capital ratio over the life of the Plan. Moreland s working capital ratio will be in excess of, or close to 150% for the life of this 5 Year Financial Plan. Council anticipate to meeting the green light criterion of 1.5 as VAGO recommended in most of the 5 years. (Amber ~ Green light. Appendix B, Appendix G) Continue to improve net operating cash flows. Moreland s self-financing ratio will be in excess of 20% for the duration of the 5 Year Financial Plan (Green light. Appendix G) No additional borrowing apart from what is already committed. Council s indebtedness ratio peaked in 2011/12 at 42.37% (Amber light) and has since been gradually reduced. Council s indebtedness is projected to be 38.9% (Green light) in 2013/14 and will be further reduced to 23.1% by 2018/19 with the continuous principal repayments and no new borrowing planned. (Green light. Appendix G). Capital replacement Increase rates contribution to capital works expenditure by 5% per annum. Renewal gap Capital works expenditure over the next 5 years will be $142 million. Moreland s capital replacement ratio will be between 1.3 and 1.42 during the life of the 5 Year Financial Plan. (Amber light. Appendix G). This will need to be further reviewed with the exploration of other funding sources for capital projects. Increase funding levels for capital works focusing on asset renewal and upgrade. Moreland s renewal & upgrade as a percentage of depreciation will be between 0.8 and 1.2 during the life of the 5 Year Financial Plan. (Amber ~ Green light. Appendix G)

12 6. Evaluation of Strategic Resource Plan Moreland City Council 5 Year Financial Plan to Page 10 Council will continue its drive towards financial sustainability and seek to ensure that the current operating results are maintained along with continued investment in infrastructure assets. The scope and standard of services will be maintained and continually reviewed and any productivity increases will result in doing more with the same. To achieve these aims, the Council has proposed: rate increases which take into account the capacity of the community to pay; to continue to increase the investment in community assets; an improving underlying result; enhanced liquidity; and ongoing implementation of the MoreValue program to ensure Council services and programs are being delivered to meet cost and quality standards, are responsive to community needs, are accessible and continue to achieve continuous improvement in the provision of service. This approach is consistent with the principles of sound financial management as specified in Section 136 of the Local Government Act The Council s financial sustainability will be enhanced by the implementation of this 5 Year Financial Plan.

13 APPENDIX A The Statements with Commentary Moreland City Council 5 Year Financial Plan to Page 11 APPENDIX A1 COMPREHENSIVE INCOME STATEMENT APPENDIX A2 BALANCE SHEET APPENDIX A3 STATEMENT OF CHANGE IN EQUITY APPENDIX A4 STATEMENT OF CASH FLOWS APPENDIX A5 STATEMENT OF CAPITAL WORKS APPENDIX A6 STATEMENT OF HUMAN RESOURCES APPENDIX A7 ANALYSIS AND EXPLAINATIONS OF THE STATEMENTS

14 Revenue from ordinary activities Rates and Charges 79,283 83,926 92, , , , , , , , ,158 Parking fees and fines 3,028 5,120 5,454 5,831 7,500 8,229 8,572 8,829 9,094 9,367 9,648 User fees and charges 10,067 7,080 8,338 7,429 7,926 5,842 6,915 7,013 7,329 7,435 7,768 Contributions 5,275 5,310 5,320 5,895 7,709 4,600 4,600 1,000 1,000 1,000 1,000 Grants - Operating (recurrent) 15,108 14,911 16,590 16,466 15,482 15,683 15,649 15,941 16,240 16,544 16,855 Grants - Operating (non-recurrent) 1, Grants - Capital (recurrent) Grants - Capital (non-recurrent) 4,196 4,439 2,630 2,528 2,866 1, , Other Revenue 2,810 4,890 5,684 5,979 6,213 5,450 5,773 5,966 6,220 6,484 6,759 Net gain/(loss) on disposal of property, infrastructure, plant and equipment Contributed assets 4, ,408 1,202 Fair value adjustment for investment property (1,505) (380) (130) Land asset identified 13,095 Total revenues 118, , , , , , , , , , ,588 Recurrent Expenditure Employee benefits 55,226 59,799 67,032 80,597 69,565 72,111 75,187 78,904 82,887 87,073 91,475 Contracts, materials and services 38,840 41,208 42,637 47,335 49,194 43,219 46,250 50,897 52,994 55,055 57,618 Bad and Doubtful Debts , ,535 1,197 1,199 1,235 1,272 1,310 1,349 Depreciation and amortisation 19,714 19,311 19,738 20,227 20,434 20,830 20,830 20,926 21,000 21,075 21,169 Moreland City Council 5 Year Financial Plan to Page 12 Appendix A1 MORELAND CITY COUNCIL COMPREHENSIVE INCOME STATEMENT For the year ending Description 08/09 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 Actual Actual Actual Actual Actual Budget Budget Forecast Forecast Forecast Forecast

15 Finance costs ,528 1,799 1,953 2,770 3,398 3,225 3,356 3,195 3,117 Other Expenses De-recognition of assets 10,387 Share of net (profit)/loss of associates and joint ventures accounted for by the entity method (306) (562) Total expenses 114, , , , , , , , , , ,213 Surplus (deficit) for the year 3,476 12,253 4,911 (1,431) 17,087 13,356 14,579 10,917 11,207 12,892 14,376 Less Capital Grants and Contribution 3,400 9,145 7,742 11,045 11,639 6,467 5,360 2,400 1,400 1,400 1,400 Land asset identified 13,095 Add De-recognition of assets 10,387 Defined Benefit Call 2,703 13,210 Underlying result (128) 734 5,448 6,888 9,219 8,517 9,807 11,492 12,976 Moreland City Council 5 Year Financial Plan to Page 13 Other comprehensive income Net asset revaluation increment (decrement) reversals 228,338 (15,297) 20,336 Comprehensive result 3, ,591 4,911 (16,728) 37,423 13,356 14,579 10,917 11,207 12,892 14,376

16 Cash and cash equivalents 21,557 23,107 27,319 37,499 40,518 28,936 34,192 37,508 41,004 44,701 48,617 Receivables 11,381 10,545 10,670 12,784 16,353 16,179 17,337 17,644 18,426 19,198 21,134 Prepayments and Accruals , Land Held for Resale , Inventories Total current assets 33,710 34,457 38,375 56,657 57,228 45,478 51,896 55,523 59,807 64,280 70,138 Trade and other receivables 11,720 24,266 25,160 24,780 24,650 25,712 26,595 27,623 28,336 28,873 28,825 Property, infrastructure, plant and equipment 1,202,786 1,443,560 1,453,700 1,445,888 1,483,202 1,506,061 1,513,045 1,518,395 1,523,809 1,530,589 1,538,653 Other Financial Assets 1,065 1,626 1,365 1,318 1,298 1,298 1,298 1,298 1,298 1,298 1,298 Total non-current assets 1,215,571 1,469,453 1,480,225 1,471,986 1,509,150 1,533,071 1,540,938 1,547,316 1,553,443 1,560,760 1,568,776 Total assets 1,249,281 1,503,910 1,518,600 1,528,643 1,566,378 1,578,549 1,592,834 1,602,839 1,613,250 1,625,040 1,638,914 Moreland City Council 5 Year Financial Plan to Page 14 Appendix A2 MORELAND CITY COUNCIL BALANCE SHEET For the year ending Description 08/09 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 Actual Actual Actual Actual Actual Budget Budget Forecast Forecast Forecast Forecast Current assets Non-current assets

17 Trade and other payables 11,557 12,588 13,112 14,807 14,464 12,844 13,821 14,138 14,556 14,725 15,408 Interest bearing liabilities ,443 1,745 9,445 2,239 2,251 2,296 2,416 2,396 2,526 Provisions 11,342 13,977 14,609 15,193 15,999 16,866 17,784 18,754 19,782 20,869 22,020 Trust Funds & Deposits 534 1,102 1,221 1,325 1,351 1,351 1,351 1,351 1,351 1,351 1,351 Total current liabilities 23,976 28,069 30,385 33,070 41,259 33,301 35,207 36,539 38,104 39,341 41,306 Interest bearing liabilities 8,116 19,907 27,288 37,918 31,631 49,929 47,678 45,382 42,965 40,570 38,044 Provisions 2, ,168 1,215 1,264 1,315 1,368 1,423 1,480 1,539 Trusts/ other payables ,210 11, Total non-current liabilities 10,804 20,747 28,210 52,296 44,419 51,193 48,993 46,749 44,388 42,050 39,583 Total Liabilities 34,780 48,816 58,595 85,366 85,678 84,494 84,200 83,289 82,492 81,391 80,889 Net Assets 1,214,501 1,455,094 1,460,005 1,443,277 1,480,700 1,494,055 1,508,634 1,519,551 1,530,757 1,543,650 1,558,025 Reserves 12,174 8,286 9,539 9,028 7,941 9,635 14,891 18,206 21,703 25,399 29,315 Asset Revaluation Reserve 777,414 1,005,753 1,005, ,455 1,010,791 1,010,791 1,010,791 1,010,791 1,010,791 1,010,791 1,010,791 Retained Profits 424, , , , , , , , , , ,919 Total Equity 1,214,501 1,455,094 1,460,005 1,443,277 1,480,700 1,494,055 1,508,634 1,519,551 1,530,757 1,543,650 1,558,025 Moreland City Council 5 Year Financial Plan to Page 15 Current liabilities Non-current liabilities EQUITY

18 Appendix A3 MORELAND CITY COUNCIL STATEMENT OF CHANGES IN EQUITY For the year ending Moreland City Council 5 Year Financial Plan to Page 16 Total Accumulated Surplus Revaluation Reserve Other Reserves 2015 Balance at beginning of the financial year 1,494, ,629 1,010,791 9,635 Comprehensive result 14,579 14,579 Adjustment on change in accounting policy - Net asset revaluation increment (decrement) - Impairment losses on revalued assets - Reversal of impairment losses on revalued assets - Transfer to reserves - (8,691) 8,691 Transfer from reserves - 3,435 (3,435) Balance at end of the financial year 1,508, ,952 1,010,791 14, Balance at beginning of the financial year 1,508, ,952 1,010,791 14,891 Comprehensive result 10,917 10,917 Adjustment on change in accounting policy - Net asset revaluation increment (decrement) - Impairment losses on revalued assets - Reversal of impairment losses on revalued assets - Transfer to reserves - (3,315) 3,315 Transfer from reserves Balance at end of the financial year 1,519, ,553 1,010,791 18, Balance at beginning of the financial year 1,519, ,553 1,010,791 18,206 Comprehensive result 11,207 11,207 Adjustment on change in accounting policy - Net asset revaluation increment (decrement) - Impairment losses on revalued assets - Reversal of impairment losses on revalued assets - Transfer to reserves - (3,497) 3,497 Transfer from reserves Balance at end of the financial year 1,530, ,263 1,010,791 21,703

19 Moreland City Council 5 Year Financial Plan to Page 17 Balance at beginning of the financial year 1,530, ,263 1,010,791 21,703 Comprehensive result 12,892 12,892 Adjustment on change in accounting policy - Net asset revaluation increment (decrement) - Impairment losses on revalued assets - Reversal of impairment losses on revalued assets - Transfer to reserves - (3,696) 3,696 Transfer from reserves Balance at end of the financial year 1,543, ,459 1,010,791 25, Balance at beginning of the financial year 1,543, ,459 1,010,791 25,399 Comprehensive result 14,376 14,376 Adjustment on change in accounting policy - Net asset revaluation increment (decrement) - Impairment losses on revalued assets - Reversal of impairment losses on revalued assets - Transfer to reserves - (3,916) 3,916 Transfer from reserves Balance at end of the financial year 1,558, ,919 1,010,791 29,315

20 Cash flows from operating activities Rates and charges 79,173 84,932 91,490 99, , , , , , , ,546 Statutory fees and fines 1,710 3,858 4,489 4,699 5,462 7,260 7,288 7,530 7,756 7,989 8,229 User fees 9,899 8,260 9,998 7,256 7,233 5,885 6,795 7,287 7,524 7,777 7,813 Contributions 3,986 5,093 4,600 4,600 1,000 1,000 1,000 1,000 Grants - operating 15,560 15,353 16,922 16,832 16,696 15,683 15,649 15,941 16,240 16,544 16,855 Grants - capital 4,196 4,439 2,630 3,996 2,866 1, , Interest ,162 1,762 1,985 1,178 1,220 1,277 1,390 1,509 1,635 Other revenue 11,180 13,692 15,501 6,481 7,759 4,257 4,344 4,809 4,873 5,144 5,038 Net GST refund 6,503 6,597 9,432 6,739 7,046 7,247 7,590 7,958 Employee benefits (54,208) (58,771) (66,798) (67,131) (70,818) (72,224) (74,567) (78,280) (82,213) (86,364) (90,690) Materials and consumables (43,254) (45,515) (48,508) (38,650) (55,215) (20,900) (18,769) (19,828) (20,586) (21,394) (22,105) External contracts (18,499) (31,072) (28,761) (32,880) (34,063) (35,310) (36,771) Utilities (1,705) (3,116) (2,787) (3,099) (3,405) (3,759) (4,113) Other expenses (116) (160) (73) (153) (75) (1,476) (398) (463) (470) (504) (480) Net cash provided by operating activities 25,053 26,961 26,813 25,085 35,010 33,379 41,101 37,570 38,040 39,880 41,315 Moreland City Council 5 Year Financial Plan to Page 18 Appendix A4 MORELAND CITY COUNCIL STATEMENT OF CASH FLOWS For the year ending Description 08/09 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 Actual Actual Actual Actual Actual Budget Budget Forecast Forecast Forecast Forecast

21 Proceeds from sale of property, plant and equipment, infrastructure , ,685 1, Payments for property, plant and equipment, infrastructure (28,645) (36,731) (29,867) (24,700) (36,549) (53,722) (30,208) (32,464) (30,265) (30,573) (31,886) Net cash inflow (outflow) from investing activities (28,144) (36,274) (29,496) (24,037) (31,452) (53,282) (30,208) (28,779) (28,890) (30,573) (31,886) Cash flows from financing activities Finance costs (483) (787) (1,528) (1,799) (1,953) (2,770) (3,398) (3,225) (3,356) (3,195) (3,117) Proceeds from interest bearing loans and borrowings 0 12,150 9,200 12,300 3,000 13,072 0 (0) (0) 0 0 Repayments of interest bearing borrowings and finance leases (236) (500) (777) (1,369) (1,586) (1,980) (2,239) (2,251) (2,296) (2,416) (2,396) Net cash inflow (outflow) from financing activities (719) 10,863 6,895 9,132 (539) 8,322 (5,637) (5,476) (5,653) (5,611) (5,513) Net increase(decrease) in cash and cash equivalent (3,810) 1,550 4,212 10,180 3,019 (11,582) 5,256 3,315 3,497 3,696 3,916 Cash and cash equivalents at the beginning of the year 25,367 21,557 23,107 27,319 37,499 40,518 28,936 34,192 37,508 41,004 44,701 Cash and cash equivalents at the end of the year 21,557 23,107 27,319 37,499 40,518 28,936 34,192 37,508 41,004 44,701 48,617 Moreland City Council 5 Year Financial Plan to Page 19 Cash flows from investing activities Trust funds and deposits

22 Appendix A5 MORELAND CITY COUNCIL Moreland City Council 5 Year Financial Plan to Page 20 STATEMENT OF CAPITAL WORKS For the year ending Capital Works Areas 13/14 14/15 15/16 16/17 17/18 18/19 Budget Budget Forecast Forecast Forecast Forecast Property Land 12,224 2, Land improvement Buildings 7,478 6,198 11,134 6,931 5,381 6,426 Building improvements Heritage buildings Total property 20,409 9,753 11,384 7,155 5,605 6,539 Plant and equipment Plant, machinery and equipment 1,500 1,100 1,100 1,500 1,300 1,700 Fixtures, fittings and furniture Computers and telecommunications 1, ,272 1, Library books ,004 1,034 1,065 Total plant and equipment 3,741 3,006 3,509 3,831 3,411 3,793 Infrastructure Roads 8,408 6,157 6,702 6,934 8,689 8,631 Bridges Footpaths and cycleways 2,660 1,662 1,816 1,822 2,222 2,217 Drainage 1,290 1, ,290 1,370 1,580 Recreational, leisure and community facilities 1,230 1,715 1, Waste management Parks, open space and streetscapes 4,924 1,824 3,053 4,207 3,761 4,270 Transport management/ Off Street Carparks 1,226 1,295 1,150 1,700 2,245 1,010 Other infrastructure Total infrastructure 19,939 15,055 14,734 16,678 18,839 18,901 Total capital works expenditure 44,089 27,814 29,627 27,664 27,855 29,233 Renewal 17,695 12,511 14,266 16,837 17,226 19,889 Upgrade 4,498 4,412 6,097 6,379 6,010 5,673 New 21,896 10,892 9,263 4,449 4,619 3,671 Total 44,089 27,814 29,627 27,664 27,855 29,233

23 Appendix A6 MORELAND CITY COUNCIL Moreland City Council 5 Year Financial Plan to Page 21 STATEMENT OF HUMAN RESOURCES For the year ending Staff expenditure 13/14 14/15 15/16 16/17 17/18 18/19 Budget Budget Forecast Forecast Forecast Forecast Employee Costs 72,111 75,187 78,904 82,887 87,073 91,475 Total staff expenditure 72,111 75,187 78,904 82,887 87,073 91,475 FTE FTE FTE FTE FTE FTE Staff numbers Employees Total staff numbers

24 Moreland City Council 5 Year Financial Plan to Page 22 APPENDIX A7 Analysis and Explanations Income Statement (Appendix A1) This Statement sets out the revenue and expenditure that Council is expected to generate over the period of this 5YFP. It provides details on the specific sources of that revenue and expenditure and uses the assumptions shown in table Rates As well as revenue from ordinary rates (including differential rates), this category includes: Supplementary rates The waste charge Special charge scheme income Rates to increase by around 5% per annum. This is primarily made up of: Business As Usual component (equivalent to approximately 3.6% of annual rate increase). Funds required to: - deliver council services at current level; - renew assets to the level of depreciation; - repay committed loan principal as per the agreed payment schedule. New Initiatives component (equivalent to approximately 1.4% of annual rate increase). Funds required to: - allow no growth in service delivery (Nil FTE increase.) - invest in community and infrastructure assets beyond the level of depreciation. (total rates funded capital works is to increase by 5% p.a.) 2. Government Grants Annual increase on Government grants are expected to be below CPI, which reflects the constant cost shifting from other levels of Governments. 3. Fees & Charges Most of the fees & charges are to increase by 3% per annum, with the exception of commercial waste collections which are to increase at the actual level of service cost. 4. Contributions This primarily represents the contribution to the public resort and recreational land fund (open space contributions from developers). 5. Proceeds from Sale of Assets This primarily reflects the cyclic turnover of fleet and heavy plant.

25 Moreland City Council 5 Year Financial Plan to Page Employee Costs As noted earlier employee cost projections are based on estimated future costing trends. The primary underlying driver of employee cost forecasts is the impact of Council s new EBA on wages growth. An estimate of 4% growth is reflected in employee cost estimates over the five-year plan period. No growth of Full Time Equivalent (FTE) is planned. Table A1: Summary of planned human resources expenditure Staff expenditure by organisational structure 14/15 15/16 16/17 17/18 18/19 Budget Forecast Forecast Forecast Forecast CEO & Corporate Services 9,055 9,503 9,982 10,487 11,017 Social Development 25,263 26,512 27,851 29,257 30,736 City Infrastructure 18,757 19,685 20,678 21,723 22,821 Organisational Development & Urban Safety 8,718 9,149 9,610 10,096 10,606 Planning & Economic Development 7,850 8,238 8,654 9,091 9,551 Total staff expenditure* 69,644 73,087 76,775 80,653 84,731 Staff expenditure by employment type Permanent full time 56,406 59,195 62,182 65,323 68,625 Permanent part time 11,823 12,407 13,034 13,692 14,384 Casual 1,415 1,485 1,560 1,639 1,721 Total staff expenditure* 69,644 73,087 76,775 80,653 84,731 FTE FTE FTE FTE FTE Staff numbers by employment type Permanent full time Permanent part time Casual Total staff numbers *Excludes training, maternity leave, workcare rehabilitation, allowance for the growth of leave provisions and other ancillary salary expenses. 7. Contracts, Materials and Services Please refer table 4.1 for assumptions for this category. 8. Bad and Doubtful Debts

26 Moreland City Council 5 Year Financial Plan to Page 24 This represents the bad and doubtful debts provision for parking infringement revenue. 9. Finance costs This primarily represents the interest expenditure for the committed loans. 10. Underlying Result This is the result from operations taking into account only recurrent revenue and expenditure and provides a more appropriate measure of financial sustainability than when non-recurrent items are taken into account. Non-recurrent items are made up mainly of capital grants and contributions. Where such non-recurrent revenue is received, it improves the operating result but is often already committed to capital projects. Council is expected to generate a recurrent surplus every year. Surpluses enable Council to fully fund the depreciation / capital works gap, allowing Council to maintain its assets and maintain the amenity of the city 11. Surplus/(Deficit) Funds Apart from excluding capital grants and contributions, there are also a number of balance sheet items that would determine Council s annual surplus/ (deficit) funds. This includes: Additional rates funded capital expenditure beyond depreciation. Depreciation being non-cash expenditure, reflects the level of asset consumption and is often a way of funding capital expenditure. However to gradually close the renewal backlog Council faces, rates funded capital expenditure needs to exceed depreciation. Loan principal repayment. Although loan interest is included in the income statement, the principal repayment is a balance sheet item and needs cash funding. Amount that needs to be transferred to reserve for future capital works spending. This includes the public resort and recreation land fund and other reserve funds. The funding position for the next five years is shown in the following: Description 14/15 Budget 15/16 Forecast 16/17 Forecast 17/18 Forecast 18/19 Forecast Underlying result 9,219 8,517 9,807 11,492 12,976 Less Additional rates funded CapEx beyond Depreciation 2,889 3,950 5,014 6,380 7,664 Loan Principal Repayments 2,239 2,251 2,296 2,416 2,396 Transfer to Reserves 4,091 2,315 2,497 2,696 2,916 Surplus/(Deficit) Funds (0) 0 (0) 0 0

27 Moreland City Council 5 Year Financial Plan to Page 25 Balance Sheet (Appendix A2) This Statement provides details of Council s assets and liabilities so as to demonstrate the ratepayer s equity in Council. Council has a substantial asset base and this will increase over the period of the 5YFP as Council is budgeting to renew and add community assets. 12. Cash Assets Cash will increase from $28.9 million (2013/14) to $48.6 million (2018/19). The Statement of Cash Flow also shows the change in cash over each year. 13. Liquidity/Working Capital Ratio This ratio is expected to improve from 1.37 to 1 (2013/14) to approximately 1.70 to 1 (2018/19), which Council considers to be a reasonable working capital ratio. 14. Debt Council has used loan borrowings to enable the strategic purchase of land as well as funding significant capital works projects. All loan borrowings have been undertaken in line with a prudent and carefully considered Loan Funding Strategy. Council currently holds total loans in excess of $50 million and is expected to reduce its debt level with no new borrowing planned in the next 5 years. The planned debt redemption will see Council s total borrowing dropped to $40.57 million (or an indebtedness ratio of 23.1%) by year 2018/19. Statement of Cash Flows (Appendix A3) This statement sets out the cash revenue and expenditure that Council is expected to generate over the period of this 5YFP. Council aims for a moderate cash based surplus. Cash generated by operating activities is anticipated to have a slight annual growth in most of the years, however the increased annual rates funding on capital works as well as the loan repayment obligations will see the overall cash balance increase by around $19.7 million over the period of the plan. It is also worth noting that it is difficult to project cash flows for long period of time due to the uncertain movements of creditors and debtors. Statement of Capital Works (Appendix A4) This statement identifies the proposed level of capital works to be undertaken over the period of this 5YFP. 15. Expenditure on Capital Works Council will spend around $142 million on capital works over the five-year period of this 5YFP. The contribution from rates to cover annual expenditure and loan principal repayment will grow by 5% per annum. Council needs to increase its annual spending on renewal projects as well as investing in new projects. Refer also Appendix E for a summary of the asset management strategy.

28 APPENDIX B Performance Indicators PURPOSE To identify opportunities for improvement in setting directions ie to determine targets. To assist in determining whether the Council has achieved set targets. To assist in assessing financial sustainability. Table B: Performance Indicators The following table highlights Council s current and projected performance across a range of key financial performance indicators. These indicators provide a useful analysis of Council s financial position and performance and should be used in the context of the organisation s objectives. Strategic Resource Plan Indicator Measure Forecast Budget Projections Trend Operating position Adjusted underlying result Liquidity Working Capital Unrestricted cash* Obligations Loans and borrowings Loans and borrowings Indebtedness Asset renewal Stability Rates concentration Rates effort Adjusted underlying surplus (deficit) / Adjusted underlying revenue Current assets / current liabilities Unrestricted cash / current liabilities Interest bearing loans and borrowings / rate revenue Interest and principal repayments / rate revenue Non-current liabilities / own source revenue Asset renewal expenditure / depreciation Rate revenue / adjusted underlying revenue Rate revenue / property values (CIV) 2013/ / / / / /19 +/o/ % 5.9% 5.2% 5.7% 6.4% 8.5% o % 147.4% 152.0% 157.0% 163.4% 169.8% % 54.8% 52.8% 50.7% 49.1% 46.7% % 41.7% 37.7% 34.1% 30.7% 27.6% + 3.9% 4.0% 4.5% 4.1% 4.0% 3.8% o 37.5% 33.7% 31.3% 28.4% 25.6% 23.0% % 67.0% 68.2% 80.2% 81.7% 94.0% % 76.4% 77.0% 77.4% 77.8% 78.2% + 0.3% 0.3% 0.3% 0.3% 0.3% 0.3% o Moreland City Council 5 Year Financial Plan to Page 26

29 Strategic Resource Plan Indicator Measure Forecast Budget Projections Trend 2013/ / / / / /19 +/o/- Efficiency 2013/ / / / / /19 +/o/- Expenditure level Expenditure level Revenue level Workforce turnover Total expenditure / no. of assessments Specific purpose grants expended / Specific purpose grants received Residential rate revenue / No. of residential assessments No. of resignations & terminations / average no. of staff $1,990 $2,040 $2,092 $2,146 $2,200 $2, % 109.4% 100.0% 100.0% 100.0% 100.0% o $1,392 $1,456 $1,528 $1,605 $1,685 $1, % 8.8% 8.4% 8.0% 7.6% 8.0% + *Unrestricted cash balance excludes reserves (e.g. the defined benefit reserve, the public resort and recreation land reserve etc.) Key to Forecast Trend: + Forecast improvement in Council's financial performance/financial position indicator o Forecasts that Council's financial performance/financial position indicator will be steady - Forecast deterioration in Council's financial performance/financial position indicator Notes to indicators 1 Adjusted underlying result An indicator of the sustainable operating result required to enable Council to continue to provide core services and meet its objectives. Improvement in financial performance expected over the period. 2 Working Capital The proportion of current liabilities represented by current assets. Working capital is forecast to increase during the period of the plan. 3 Debt compared to rates - Trend indicates Council's reducing reliance on debt against its annual rate revenue through redemption of long term debt. 4 Asset renewal - This percentage indicates the extent of Council's renewals against its depreciation charge (an indication of the decline in value of its existing capital assets). A percentage greater than 100 indicates Council is maintaining its existing assets, while a percentage less than 100 means its assets are deteriorating faster than they are being renewed and future capital expenditure will be required to renew assets. 5 Rates concentration - Reflects extent of reliance on rate revenues to fund all of Council's on-going services. Trend indicates Council will become more reliant on rate revenue compared to all other revenue sources. Moreland City Council 5 Year Financial Plan to Page 27

30 APPENDIX C Rating Strategy - Summary PURPOSE To determine the most appropriate, affordable rating strategy which, in conjunction with other income sources, will adequately finance the objectives proposed in the Council Plan. DETERMINING THE STRATEGY Council regularly reviews and adopts Rating Strategy to ensure rates are distributed in accordance with legislative requirements and good practice guidelines. The Council requires sufficient operating revenue to satisfy operating service needs. The most important sources of these funds are: Rates and charges; government grants; and fees and charges. All avenues have been pursued to obtain grant funds for prioritised works. Similarly, the Council has reviewed all fees and charges. The rating system is based on property valuations that are carried out at two-year intervals. Rates are based on these valuations. However, the Council has several means by which it can vary the amounts which are levied, including: a municipal rate; a municipal charge; differential rates; service rates and charges; special rates and charges; vacant land; and rebates, waivers, deferments, concessions and exemptions. Council has reviewed various options to develop the most suitable rating system. This entailed the Council giving consideration to a number of factors, such as: equity of the system; efficiency of application; capacity to pay; and the link between rates levied and benefits to be derived. Moreland City Council 5 Year Financial Plan to Page 28

31 RATING SYSTEM This system is summarised in Table C1 below. Table C1 Rating Category No. Assessment Total CIV Total Rates Raised % Rates of Total Residential Land 66,333 34,668,247,000 96,551, % Commercial Land 3,079 2,352,254,000 6,551, % Industrial Land 2,118 1,580,153,000 4,400, % Cultural & Recreational Land 2 63,010,000 18,551 0% Vacant Land ,269,000 1,848, % Unoccupied Land & Buildings 3 5,570,000 62, % Total Rates 72,193 39,142,773,000 $109,433, % Waste Service Charge $9,598,975 Total Rates & Charges $119,032,030 The main features of the rating system are as follows: Council will continue to apply the Capital Improved Valuation method for valuing land as it represents the most easily understood, widely used and equitable method for rating purposes. Council has established differential rates in relation to vacant and unoccupied land. Council considers that each differential rate will contribute to the equitable and efficient carrying out of Council functions. There is no municipal charge. A waste charge is applied. It encourages recycling and waste reduction by increasing the charge by a larger percentage than the bin capacity difference. It should be noted that the average 2013/14 Rates per Assessment and per capita for Moreland compare favourably with most of the other Inner Metro Councils. Graph C Rates & Charges Comparison* Rates & charges per assessment (RCPA) Rates & charges per capita (RCPC) *Data source: MAV rates pack Data includes both rates and waste management charges Moreland City Council 5 Year Financial Plan to Page 29

32 PAST AND PROPOSED RATE LEVELS (excluding waste management charges) Table C2 Year Total Levied $ 000 % Income % rate increase Rates per Average Assessment $40, % 6.0% $ $46, % 16.0% $ $50, % 6.5% $ $54, % 6.5% $ $58, % 6.5% $ $64, % 6.5% $1, $68, % 6.5% $1, $72, % 6.5% $1, $77, % 4.5% $1, $85, % 8.5% $1, $91, % 6.5% $1, $98, % 6.5% $1, $102, % 3.0% $1, $109, % 4.5% $1, $115, % 5.0% $1, $121, % 5.0% $1, $128, % 5.0% $1, $135, % 5.0% $1,852 Moreland City Council 5 Year Financial Plan to Page 30

33 APPENDIX D Debt Management Strategy - Summary PURPOSE To develop a debt management strategy which will enable the Council to borrow responsibly to finance capital works which are essential to the long term needs of the community; and will not negatively impact on operating performance or the capacity of future generations to adequately fund their service needs. BORROWING STRATEGY In making decisions on loan borrowing commitments, Council uses the following principles: 1. No debt will be incurred for the purpose of funding recurring operations. Council s overdraft facility will only be used to fund short-term cash flow deficits. 2. Debt will not be used to repay overdraft balances. 3. Council may only use debt to fund capital expenditure on projects if: a complete assessment process has been completed; the project is providing a service which the community requires; alternative service delivery mechanisms have been considered; the project offers an attractive return or the cost to the community of deferral is greater than the cost of finance; there are no alternative funding sources; and it is a full Council decision on the recommendation of the CEO and appropriate Director. Council has at it September 2011 Council Ordinary Meeting adopted the Moreland City Council Borrowing Strategy. Three strategic goals were identified in the Borrowing Strategy: Goal 1: Provides an alternative funding option for capital works projects that are of strategic importance Goal 2: Manage Council's borrowing budget to optimize cash flow Goal 3: Develop and maintain a borrowing structure that achieves a healthy balance between predictability and flexibility." Priorities and KPIs have been set for each of the three strategic goals. PROPOSED BORROWINGS No new borrowings are projected for the four years 2014/15 to 2017/18. Moreland City Council 5 Year Financial Plan to Page 31

34 APPENDIX E Asset Management Strategy - Summary PURPOSE To plan, maintain and operate physical assets cost effectively over their life cycle and thereby optimise the future benefit to the community; and To give priority to addressing asset renewal and maintenance needs. STRATEGY DEVELOPMENT The Council is currently adding to and further developing its overall Asset Management Strategy. This Strategy sets out the capital expenditure requirements of the Council for the next 10 years. It predicts infrastructure consumption, renewal needs and additional infrastructure requirements to meet future community service expectations. The capital works planning process is updated annually. Council s aim is to ensure that its capital expenditure needs are balanced with its capacity to fund works. An Asset Management Policy is in place. Asset Management Plans, in the majority, have been progressively developed for each category of asset. These Plans provide guidance on the long term financial planning for investment in infrastructure. PROJECTIONS Projection of capital works program for the next 5 years can be found in Appendix A5. A detailed 5 Year Capital Works Program is also provided in Appendix F. SUSTAINABILITY INDEX A key objective of the Asset Management Strategy is to maintain or preserve Council s existing assets at desired condition levels. If sufficient funds are not allocated to asset preservation, Council s investment in those assets will reduce, together with the capacity to deliver services to the community. Council s performance in asset management may be gauged by applying the sustainability index. This is the proportion of the total asset value consumed (equivalent to the annual depreciation charge), compared to the amount spent in preserving the asset (expenditure aimed at ensuring the asset reaches its intended useful life) on an annual basis. A value of 100% or greater is the desired target. The following table shows historical and future projection of the sustainability index for Moreland s asset groups. Moreland City Council 5 Year Financial Plan to Page 32

35 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 Act Act Act Act Budget Budget F cast F cast F cast F cast Build Civil Open Space Plant /Equip Storm Water FUNDING INCREASE Council is committed to increasing the annual expenditure on asset renewal infrastructure to a level which offsets and ultimately exceeds Council s fixed asset depreciation expense as quickly as possible. COMMENTARY Council requires Asset Management Plans for all major asset categories. These guide the management and investment in assets in the future. Investment in assets is increasing due to a direct growth allocation from rates. Moreland City Council 5 Year Financial Plan to Page 33

36 Appendix F - 5 Year Capital Works Program 14/15 to 18/19 For Year ending 30 June 2015 Capital Works Area Project Cost Grants / Cont'n Reserves Council Cash Borrow's PROPERTY LAND 2,835-2, TOTAL LAND 2,835-2, LAND IMPROVEMENTS Coburg Initiative Hospital Project Coburg Initiative Central Coburg Precinct Total - Land Improvements TOTAL LAND IMPROVEMENTS BUILDINGS Aquatic & Leisure Centres - Oak Park Pool Civic Centres - Depots- Acoustic Fence Community Use Facilities - 33 Saxon Street Other Buildings - Climate Change - Carbon Mgmnt Total - Buildings Civic Centres - Coburg Town Hall Pavilion & Sports Clubs - Coburg Bowls Roof Early Years Facilities - Dawson St C.C Early Years Facilities - Lygon St MCH Community Use Facilities - Fleming Park Master Plan Community Use Facilities - CERES Community Use Facilities - Fawkner Community Hall Public Toilets - Campbell Reserve Male Public Toilets - Public Toilet Renewal Other Buildings - Climate Change - Carbon Mgmnt Other Buildings - Climate Change - Building Efficiency Other Buildings - Building Project Officer Total - Buildings 1, ,425 - Asset Upgrade Expenditure Civic Centres - Coburg Town Hall Civic Centre - Depot Masterplan Early Years Facilities - Barry Becket/Anne Sgro Early Years Facilities - Dawson St C.C Public Toilets - Campbell Reserve Male Other Buildings - Building Project Officer Other Buildings - Partnership Grants Total Asset Upgrade Expenditure - Buildings 1, ,677 - Asset Expansion Expenditure Coburg Initiative - New Coburg CCC & MCH 1, ,100 - Early Years Facilities - Barry Becket/Anne Sgro 1, ,000 - Total Asset Expansion - Buildings 2, ,100 - TOTAL BUILDINGS 6, ,198 - TOTAL PROPERTY 9,753-2,835 6,918 - PLANT & EQUIPMENT PLANT, MACHINERY & EQUIPMENT Moreland City Council 5 Year Financial Plan to Page 34

37 Capital Works Area Project Cost Grants / Cont'n Reserves Council Cash Borrow's Vehicle Fleet - Replace Council Vehicles 1,100 1,100 Total - PM&E 1, ,100 - Total Asset Upgrade Expenditure - PM&E TOTAL PLANT, MACHINERY & EQUIPMENT 1, ,100 - FIXTURES, FITTINGS & EQUIPMENT Total New Asset - F & F F & F Furniture & Fittings - General Furniture & Fittings - Gym Equipment Total Asset Renewal - F & F Total Asset Upgrade - F & F TOTAL FIXTURES FITTINGS & EQUIPMENT COMPUTERS & TELECOMMUNICATIONS IT - General Hardware - Mobility Devices IT - General Hardware - Mobility Capability IT - Software - Integration Extension IT - Software - Virtual Desktop Computing Environment Total New Asset - C & T IT - Server - Infrastructure Renewal IT - Personal Computers - Infrastructure Renewal IT - General Hardware - MC&H Cabling IT - General Hardware -Two-Way Radio Renewal IT - Software - Microsoft Enterprise Agreement Total Asset Renewal - C & T Asset Upgrade Expenditure IT - Software - Intranet Replacement Total Asset Upgrade - C & T TOTAL COMPUTERS & TEECOMMUNICATIONS LIBRARY BOOKS Library Books Total Asset Renewal - Library Books TOTAL LIBRARY BOOKS TOTAL PLANT & EQUIPMENT 3, ,006 - INFRASTRUCTURE ROADS & CARPARKS Construction of Pentridge Boulevard/Urquhart Street Total High Crown - Davis Street - Munro to Bell High Crown - The Grove: Nicholson - Dead End High Crown - Devon Ave: Moreland - Lever High Crown - Westbourne: Hope - Newman High Crown - Hall Street Road Rehab - Isla Ave: Hilda - Hilton Road Rehab - Disraeli Grove: Louisville - Walhalla Road Rehab - Beckley Street- Crozier - Grant Road Recon - Pardy Street: Anderson - Cumberland Moreland City Council 5 Year Financial Plan to Page 35

38 Grants / Cont'n Council Cash Capital Works Area Project Cost Reserves Borrow's Road Recon - Loongana Ave: William - Palana Road Recon - Loongana Ave: Palana - Pengana Road Recon - McGregor Street: Sunbeam - Kent Laneways - Stanley Lane Laneways - Shedden Lane Laneways - Harding Lane Laneways - Menana Lane Laneways - Victoria lane Laneways - Hatter Lane 5 5 Laneways - Waterloo Lane 8 8 Laneways - Parker Lane Laneways - Browns Lane 5 5 Program Maintenance - Kerb & Channel Program Maintenance - Albion Street Program Maintenance - Crack Sealing Program Maintenance - Bluestone Pavement Resurfacing Program - Various 1,051 1,051 Retaining Walls Other Roads - Construction Engineer Other Roads - Planning and Design Total Asset Renewal -Roads 4, ,555 Asset Upgrade Expenditure High Crown - Davis Street - Munro to Bell High Crown - The Grove: Nicholson - Dead End High Crown - Devon Ave: Moreland - Lever High Crown - Westbourne: Hope - Newman High Crown - Hall Street Road Rehab - Isla Ave: Hilda - Hilton Road Rehab - Disraeli Grove: Louisville - Walhalla Road Rehab - Beckley Street- Crozier - Grant Road Recon - Pardy Street: Anderson - Cumberland Road Recon - Loongana Ave: William - Palana Road Recon - Loongana Ave: Palana - Pengana Road Recon - McGregor Street: Sunbeam - Kent Laneways - Harding Lane Laneways - Menana Lane 5 5 Laneways - Victoria lane Laneways - Parker Lane 5 5 Other Roads - Construction Engineer Total Asset Upgrade - Roads TOTAL ROADS & CARPARKS 6, ,757 - FOOTPATHS & BIKEPATHS Bikepath - Upfield Pth - Jewel Station Bikepath - Craigieburn Shared Path, Rail Reserve Bicycle Structures Total New Asset -Footpaths & Bikepaths Footpath& Bikepath Renewals Footpath& Bikepath Renewals - Additional footpaths Footpath Grinding Foot/Bikepaths - On-Road Bicycle Path Bicycle Structures Moreland City Council 5 Year Financial Plan to Page 36

39 Grants / Cont'n Council Cash Capital Works Area Project Cost Reserves Borrow's Total Asset Renewal-Footpaths & Bikepaths 1, ,245 - Asset Upgrade Expenditure On-Road Bicycle Paths Total Asset Upgrade-Footpaths & Bikepaths TOTAL FOOTPATHS & BIKEPATHS 1, ,662 - TRANSPORT MANAGEMENT Transport - Traffic Mgmnt Devices Transport - Traffic Signals Transport - Street Furn/signs Transport - Pedestrian Safety & Disability Access Transport - Parking Infrastructure Transport - Public Transport Shelters Transport - Integrated Transport Plan (MITS) Transport - Brunswick Integrated Transport Plan (BITS) Transport - Preliminary Design - Green Bridge Total New Asset -Transport Management 1, ,135 - Asset Upgrade Expenditure Transport - Integrated Transport Plan (MITS) Transport - Pedestrian Safety & Disability Access Total Asset Upgrade-Transport Management TOTAL TRANSPORT MANAGEMENT 1, ,295 - BRIDGES Bridges - Connolly Ave & Programmed maintenance Total Asset Renewal - Bridges Asset Upgrade Expenditure Bridges - Connolly Ave Total Asset Upgrade - Bridges TOTAL BRIDGES DRAINAGE Drainage Work - Bush Street Drainage Work - Mattingly Crescent Drainage Work - Callaner Road Drainage Work - Hartington Street Drainage Work - McBryde Street Water Quality - WSUD Implementation Total New Asset - Drainage Drainage - Survey by CCTV Drainage - Investigations and Design Drainage - Reactive Program Drainage Work - Mattingly Crescent Drainage Work - Callaner Road Drainage Work - Hartington Street Drainage Work - McBryde Street Drainage Works - Repairs & Maintenance Total Asset Renewal - Drainage Asset Upgrade Expenditure Drainage - Reactive Program Drainage Work - Mattingly Crescent Drainage Work - Callaner Road Moreland City Council 5 Year Financial Plan to Page 37

40 Grants / Cont'n Council Cash Capital Works Area Project Cost Reserves Borrow's Drainage Work - Hartington Street Drainage Work - McBryde Street Total Asset Upgrade - Drainage Asset Expansion Expenditure Total Asset Expansion - Drainage - TOTAL DRAINAGE 1, ,179 - RECREATIONAL, LEISURE AND COMMUNITY FACILITIES Netball Courts - Gowanbrae Multipurpose Skate Park - Brunswick Sportsfield Water Conservation - Stormwater Re-use Total New Asset - RL&C Sporting Fields & Ovals - Drought Response Drainage & Irrigation - Various Ovals/Reserves Sportsfield Lighting - Various Ovals/Reserves Athletics Track - Harold Stevens Velodrome - Brunswick Total Asset Renewal - RL&C Asset Upgrade Expenditure - Athletics Track - Harold Stevens Total Asset Upgrade - RL&C Asset Expansion Expenditure Total Asset Expansion - RL&C TOTAL RECREATIONAL, LEISURE & COMMUNITY 1, ,015 - PARKS & OPEN SPACE & STREETSCAPES Natural Cons/Creek Environs - Various locations Landscaping - City Oval Total New Asset - P&OS and Streetscapes Playground Strategy Implementation General Park Infrastructure Street Landscape Improvements - Various Trees - Water conservation - Drought Response Other Open Space - Retaining Wall Gowanbrae Other Open Space - Landscape Architect Streetscape - Glenroy A.C - Pascoe Vale Road Total Asset Renewal - P&OS and Streetscapes Asset Upgrade Expenditure Other Open Space - Landscape Architect Streetscape - Glenroy A.C - Pascoe Vale Road Total Asset Upgrade - P&OS and Streetscapes Asset Expansion Expenditure Total Asset Expansion - P&OS and Streetscapes TOTAL P&OS AND STREETSCAPES 1, ,824 - WASTE MANAGEMENT Garbage Bins - Litter Bins replacement Total Asset Renewal - Waste Asset Upgrade Expenditure Total Asset Upgrade - Waste Asset Expansion Expenditure Moreland City Council 5 Year Financial Plan to Page 38

41 Grants / Cont'n Council Cash Capital Works Area Project Cost Reserves Borrow's Total Asset Expansion - Waste TOTAL WASTE OTHER INFRASTRUCTURE Artworks - Public Art Program Artworks - Municipal Art collection Arts & Culture - Christmas Decorations & Banners Total New Asset - Other Infrastructure Total Asset Renewal - Other Infrastructure Asset Upgrade Expenditure Anzac Centenary Memorial Projects Total Asset Upgrade - Other Infrastructure Total Asset Expansion - Other Infrastructure TOTAL OTHER INFRASTRUCTURE TOTAL INFRASTRUCTURE 15, ,794 - TOTAL NEW CAPITAL WORKS 2014/15 27, ,335 23,718 - Represented by: 8,792 12,511 Asset Upgrade Expenditure 4,411 Asset Expansion Expenditure 2,100 - Total 27,813 Grants Harold Stevens Athletic Track (Sport & Rec????) 200 WSUD Implementation (Melbourne Water) 160 Davis Street - Road (RTR) 400 Total 760 Reserves Northern Golf Club 2,835 Harold Stevens Athletic Track 250 Gowanbrae Multipurpose 250 Total 3,335 Rates (Revenue) 23,718 Total 23,718 Moreland City Council 5 Year Financial Plan to Page 39

42 Appendix F - 5 Year Capital Works Program 14/15 to 18/19 For Year ending 30 June 2016 Capital Works Area Project Cost Grants / Cont'n Reserves Council Cash Borrow's PROPERTY LAND IMPROVEMENTS Coburg Initiative Hospital Project Total - Land Improvements TOTAL LAND IMPROVEMENTS BUILDINGS Aquatic & Leisure Centres - Oak Park Pool Civic Centres - Depots- Acoustic Fence Pavilion & Sports Clubs - Brunswick Cycling Club Community Use Facilities - Fleming Park Master Plan Public Toilets Strategy Cumberland/Gaffney St Shopping Other Buildings - Climate Change - Carbon Mgmnt Total - Buildings 1, ,795 - Coburg Initiative - New Coburg CCC & MCH Civic Centres -Accommodation Masterplan Civic Centres -Brunswick Town Hall Kitchen Replacement Pavilion & Sports Clubs - Charles Mutton Reserve Early Years Facilities - Brentwood Kindergarten Early Years Facilities - Fawkner Kindergarten Community Use Facilities - Fleming Park Master Plan Community Use Facilities - CERES Community Use Facilities - Pascoe Vale Community Public Toilets Strategy Methven Street Design Senior Citizens Centres - Temple Park Other Buildings - Climate Change - Carbon Mgmnt Other Buildings - Climate Change - Building Efficiency Other Buildings - Building Project Officer Total - Buildings 2, ,219 - Asset Upgrade Expenditure Civic Centre - Accommodation Masterplan Early Years Facilities - Brentwood Kindergarten Early Years Facilities - Fawkner Kindergarten Community Use Facilities - Pascoe Vale Community 2,250-1,250 1,000 - Community Use Facilities - Glenroy Primary Other Buildings - Building Project Officer Other Buildings - Partnership Grants Total Asset Upgrade Expenditure - Buildings 3, ,250 1,620 - Asset Expansion Expenditure Coburg Initiative - New Coburg CCC & MCH 3,600-2,100 1,500 - Total Asset Expansion - Buildings 3,600-2,100 1,500 - TOTAL BUILDINGS 11, ,350 7,134 - TOTAL PROPERTY 11, ,350 7,384 - PLANT & EQUIPMENT PLANT, MACHINERY & EQUIPMENT Moreland City Council 5 Year Financial Plan to Page 40

43 Vehicle Fleet - Replace Council Vehicles 1,100 1,100 Total - PM&E 1, ,100 - TOTAL PLANT, MACHINERY & EQUIPMENT 1, ,100 - FIXTURES, FITTINGS & EQUIPMENT - F & F Furniture & Fittings - General Furniture & Fittings - Library Shelving Furniture & /fittings - Counihan Gallery Furniture & Fittings - Gym Equipment Total Asset Renewal - F & F TOTAL FIXTURES FITTINGS & EQUIPMENT COMPUTERS & TELECOMMUNICATIONS IT - General Hardware - Mobility Devices IT - General Hardware - Mobility Capability IT - Software - Integration Extension IT - Onsite Payment Kiosk IT - 3D GIS Capability IT - Corporate Planning System IT - CRM System IT - Public Website Redevelopment Total New Asset - C & T IT - Server - Infrastructure Renewal IT - Personal Computers - Infrastructure Renewal IT - General Hardware -Two-Way Radio Renewal IT - Software - Microsoft Enterprise Agreement Total Asset Renewal - C & T Asset Upgrade Expenditure IT - Security Card Reader & Access Card update Total Asset Upgrade - C & T TOTAL COMPUTERS & TEECOMMUNICATIONS 1, ,272 - LIBRARY BOOKS Total New Asset -Library Books Library Books Total Asset Renewal - Library Books TOTAL LIBRARY BOOKS TOTAL PLANT & EQUIPMENT 3, ,509 - INFRASTRUCTURE ROADS & CARPARKS High Crown - Gordon St: Munro to Bell High Crown -The Avenue: DeCarle - Barrow Road Recon - Belgrave Street: Munro - Bell Road Recon - Whitton Pde: Peterson - Outlook Road Recon - Whitton Pde: Outlook - Boyne Road Recon - Kirbister St: Gaffney - Lyking Road Recon - Bolingbroke St: Pascoe Vale - Burgundy Road Recon - Bolingbroke St: Nortghgate - anderson Road Recon - Wadham St: Moreland - Winona Road Recon - Wadham St: Winona - Dead End Road Recon - Winona: Wadham - Dead End Road Recon - Marsden Ave: Dead End - Wadham Road Recon - Norris Street: Dead end - Shorts Moreland City Council 5 Year Financial Plan to Page 41

44 Road Recon - Coburg St: Hardwick Change of width Road Recon - Coburg St: Rennie - Hardwick Road Recon - Coburg St: Walsh Change of width Laneways - Henkel Rear Laneways - Henkel Rear 32 to 1 Lyle Laneways - Grant Lane Rear Laneways - Munro Lane - Victoria Laneways - Munro Lane - Bell Laneways - Leister: Lygon - Jarvie Program Maintenance - Kerb & Channel Program Maintenance - Crack Sealing Program Maintenance - Bluestone Pavement Resurfacing Program - Various Retaining Walls Other Roads - Construction Engineer Other Roads - Planning and Design Total Asset Renewal -Roads 5, ,277 - Asset Upgrade Expenditure High Crown - Gordon St: Munro to Bell High Crown -The Avenue: DeCarle - Barrow Road Recon - Belgrave Street: Munro - Bell Road Recon - Whitton Pde: Peterson - Outlook Road Recon - Whitton Pde: Outlook - Boyne Road Recon - Kirbister St: Gaffney - Lyking Road Recon - Bolingbroke St: Pascoe Vale - Burgundy Road Recon - Bolingbroke St: Nortghgate - anderson Road Recon - Wadham St: Moreland - Winona Road Recon - Wadham St: Winona - Dead End Road Recon - Winona: Wadham - Dead End Road Recon - Marsden Ave: Dead End - Wadham Road Recon - Norris Street: Dead end - Shorts Road Recon - Coburg St: Hardwick Change of width Road Recon - Coburg St: Rennie - Hardwick Road Recon - Coburg St: Walsh Change of width Laneways - Henkel Rear Laneways - Henkel Rear 32 to 1 Lyle Laneways - Grant Lane Rear Laneways - Munro Lane - Victoria Laneways - Munro Lane - Bell Laneways - Leister: Lygon - Jarvie Total Asset Upgrade - Roads 1, ,024 - Total Asset Expansion - Roads & Carparks TOTAL ROADS & CARPARKS 6, ,302 - FOOTPATHS & BIKEPATHS Bikepath - Cumberland / Rhodes Bikepath - Merri Creek Bridge Bikepath - Craigieburn Shared Path, Rail Reserve Bicycle Structures Total New Asset -Footpaths & Bikepaths Footpath& Bikepath Renewals Footpath Grinding Foot/Bikepaths - On-Road Bicycle Path Bicycle Structures Total Asset Renewal-Footpaths & Bikepaths 1, ,054 - Moreland City Council 5 Year Financial Plan to Page 42

45 Asset Upgrade Expenditure Bikepath - Upfield Pth - Jewel Station Foot/Bikepaths - On-Road Bicycle Paths Total Asset Upgrade-Footpaths & Bikepaths TOTAL FOOTPATHS & BIKEPATHS 1, ,816 - TRANSPORT MANAGEMENT Transport - Traffic Mgmnt Devices Transport - Pedestrian Safety & Disability Access Transport - Parking Infrastructure Transport - Brunswick Integrated Transport Plan (BITS) Total New Asset -Transport Management 1, ,000 - Total Asset Renewal-Transport Management Asset Upgrade Expenditure Transport - Traffic Management Solutions Gowanbrae Total Asset Upgrade-Transport Management TOTAL TRANSPORT MANAGEMENT 1, ,150 - BRIDGES Bridges - Programmed maintenance Total Asset Renewal - Bridges Total Asset Upgrade - Bridges TOTAL BRIDGES DRAINAGE Drainage Work - Northumberland Road Drainage Work - Somerlayton Cres Drainage Work - Moonee Blvd: Cross to Valley Drainage Work - Moonee Blvd: Marson to Ridgeway Water Quality - Litter Trap Installation Total New Asset - Drainage Drainage - Survey by CCTV Drainage - Investigations and Design Drainage - Reactive Program Drainage Work - Northumberland Road Drainage Work - Karin Cres Drainage Work - Hooper Cres Drainage Work - Somerlayton Cres Drainage Work - Moonee Blvd: Cross to Valley Drainage Work - Moonee Blvd: Marson to Ridgeway Drainage Works - Repairs & Maintenance Total Asset Renewal - Drainage Asset Upgrade Expenditure Drainage - Reactive Program Drainage Work - Karin Cres Drainage Work - Hooper Cres Drainage Work - Somerlayton Cres Drainage Work - Moonee Blvd: Cross to Valley Drainage Work - Moonee Blvd: Marson to Ridgeway Total Asset Upgrade - Drainage TOTAL DRAINAGE RECREATIONAL, LEISURE AND COMMUNITY FACILITIES Sportsfield Water Conservation - Stormwater Re-use Total New Asset - RL&C Moreland City Council 5 Year Financial Plan to Page 43

46 Sporting Fields & Ovals - Drought Response Drainage & Irrigation - Various Ovals/Reserves Sportsfield Lighting - Various Ovals/Reserves Velodrome - Brunswick Total Asset Renewal - RL&C Asset Upgrade Expenditure - Velodrome - Brunswick Total Asset Upgrade - RL&C TOTAL RECREATIONAL, LEISURE & COMMUNITY 1, ,115 - PARKS & OPEN SPACE & STREETSCAPES Merri Creek/Edgars Creek Wetlands Total New Asset - P&OS and Streetscapes Playground Strategy Implementation General Park Infrastructure Street Landscape Improvements - Various Trees - Water conservation - Drought Response Other Open Space - Landscape Architect Streetscape - Glenroy A.C - Pascoe Vale Road Streetscape - Brunswick: Dawson Street Shopping Strip - Gaffney St/Cumberland Rd Shopping Strip - Bonwick Total Asset Renewal - P&OS and Streetscapes 1, ,503 - Asset Upgrade Expenditure Other Open Space - Landscape Architect Streetscape - Glenroy A.C - Pascoe Vale Road Streetscape - Brunswick: Dawson Street Shopping Strip - Gaffney St/Cumberland Rd Total Asset Upgrade - P&OS and Streetscapes Asset Expansion Expenditure Total Asset Expansion - P&OS and Streetscapes TOTAL P&OS AND STREETSCAPES 3, ,703 - WASTE MANAGEMENT Garbage Bins - Litter Bins replacement Total Asset Renewal - Waste TOTAL WASTE OTHER INFRASTRUCTURE Artworks - Public Art Program Artworks - Municipal Art collection Arts & Culture - Christmas Decorations & Banners Total New Asset - Other Infrastructure TOTAL OTHER INFRASTRUCTURE TOTAL INFRASTRUCTURE 14, ,983 - TOTAL NEW CAPITAL WORKS 2014/15 29,626 1,400 3,350 24,876 - Represented by: 5,663 14,265 Asset Upgrade Expenditure 6,098 Asset Expansion Expenditure 3,600 Total 29,626 Moreland City Council 5 Year Financial Plan to Page 44

47 Grants Fawkner Kindergarten Upgrade (To be advised) 650 Merri Creek/Edgars Creek (Melbourne Water - Living Water) 350 Davis Street - Road Rehabilitation (RTR) 400 Total 1,400 Reserves Pascoe Vale Community Centre (Sale of Land) 1,250 New Coburg Childcare & MCH Centre (Sale of Land) 2,100 Total 3,350 Rates (Revenue) 24,876 Total 24,876 Moreland City Council 5 Year Financial Plan to Page 45

48 Appendix F - 5 Year Capital Works Program 14/15 to 18/19 For Year ending 30 June 2017 Capital Works Area Project Cost Grants / Cont'n Reserves Council Cash Borrow's PROPERTY LAND IMPROVEMENTS Coburg Initiative Hospital Project Total - Land Improvements TOTAL LAND IMPROVEMENTS BUILDINGS Pavilion & Sports Clubs - Brunswick Cycling Club Other Buildings - Climate Change - Carbon Mgmnt Total - Buildings Aquatic & Leisure Centres - Coburg Leisure Civic Centre -Accommodation Masterplan Civic Centres -Depot Masterplan Library - Fawkner Library CB Smith Reserve Pavilion & Sports Clubs - Charles Mutton Reserve Pavilion & Sports Clubs -City Oval Grandstand Pavilion & Sports Clubs -Hadfield Tennis Club Glenroy Early Years Facilities - Hadfield MCHC Volga Street Community Use Facilities - CERES Community Use Facilities - Pascoe Vale Community Public Toilets Strategy Methven Street Senior Citizens Centres - Harding Street Coburg Other Buildings - Coburg Historical Society Museum Other Buildings - Coburg Historical Society Outer Dwelling Other Buildings - Climate Change - Carbon Mgmnt Other Buildings - Climate Change - Building Efficiency Other Buildings - Building Project Officer Total - Buildings 2, ,654 - Asset Upgrade Expenditure Aquatic & Leisure Centres Civic Centre -Depot Masterplan Civic Centre - Accommodation Masterplan Community Use Facilities - Pascoe Vale Community 2,250-1,250 1,000 - Pavilion & Sports Clubs - Charles Mutton Reserve Public Toilets Strategy Methven Street Other Buildings - Building Project Officer Other Buildings - Partnership Grants Total Asset Upgrade Expenditure - Buildings 3,297-1,250 2,047 - TOTAL BUILDINGS 6,931-1,250 5,681 - TOTAL PROPERTY 7,155-1,250 5,905 - PLANT & EQUIPMENT PLANT, MACHINERY & EQUIPMENT Vehicle Fleet - Replace Council Vehicles 1, ,500 - Total - PM&E 1, ,500 - Total Asset Upgrade Expenditure - PM&E Moreland City Council 5 Year Financial Plan to Page 46

49 TOTAL PLANT, MACHINERY & EQUIPMENT 1, ,500 - FIXTURES, FITTINGS & EQUIPMENT Furniture & Fittings - Library Shelving Total New Asset - F & F F & F Furniture & Fittings - General Furniture & Fittings - Library Shelving Furniture & Fittings - Civic Building - Front Desk Furniture & Fittings - Gym Equipment Total Asset Renewal - F & F Asset Upgrade Expenditure- F & F - - Furniture & Fittings - Civic Building - Front Desk Total Asset Upgrade - F & F TOTAL FIXTURES FITTINGS & EQUIPMENT COMPUTERS & TELECOMMUNICATIONS IT - General Hardware - Mobility Devices IT - General Hardware - Mobility Capability IT - Software - Integration Extension IT - Digital Image Library IT - Corporate Planning System IT - CRM System IT - Public Website Redevelopment Total New Asset - C & T IT - Server - Infrastructure Renewal IT - Personal Computers - Councillor Equipment IT - Personal Computers - Infrastructure Renewal IT - General Hardware -Two-Way Radio Renewal IT - Corporate Planning System Software Licence IT - Software - Microsoft Enterprise Agreement Total Asset Renewal - C & T Total Asset Upgrade - C & T TOTAL COMPUTERS & TEECOMMUNICATIONS 1, ,142 - LIBRARY BOOKS Library Books 1, ,004 - Total Asset Renewal - Library Books 1, ,004 - TOTAL LIBRARY BOOKS 1, ,004 - TOTAL PLANT & EQUIPMENT 3, ,830 - INFRASTRUCTURE ROADS & CARPARKS High Crown -The Grove: DeCarle - Barrow Road Recon - The Grove: Sydney - DeCarle Road Recon - DeCarle: the Grove - Rennie Road Recon - The Avenue: Dead End - De Carle Road Recon - Victoria St: Railway - Waterfield Road Recon - Louisa St: Victoria - Munro Road Recon - Lytton St: Chapman - William Road Recon - Ward Grove: Rainer - Walhalla Road Recon - Prendergast St: Walhalla - Louisville Road Recon - Perrett St: Moreland - Dead End Road Recon - Coral: Perrett- Dead End Moreland City Council 5 Year Financial Plan to Page 47

50 Road Recon - Wendel St: Cliff - Lyle Laneways - Curtis Pl: Stewart - Bend Laneways - Methven Lane: Methven St - Rear 2 Jarvie St Laneways - Victoria Lane: Rear Sydney Laneways - Hickford lane: Hickford - Queen Laneways - Munro Lane -Munro - Bell Laneways - Rear 2 Wellington Lane: Munro - Victoria Laneways - Goodman Lane: Goodman - Ivy Laneways - 2/4 Rennie Lane: Rennie - The Grove Laneways - ROW26 Belair Lane: Belair - Finchley Program Maintenance - Kerb & Channel Program Maintenance - Crack Sealing Program Maintenance - Bluestone Pavement Resurfacing Program - Various 1, ,458 - Retaining Walls Other Roads - Construction Engineer Other Roads - Planning and Design Total Asset Renewal -Roads 5, ,595 - Asset Upgrade Expenditure High Crown -The Grove: DeCarle - Barrow Road Recon - The Grove: Sydney - DeCarle Road Recon - DeCarle: the Grove - Rennie Road Recon - The Avenue: Dead End - De Carle Road Recon - Victoria St: Railway - Waterfield Road Recon - Louisa St: Victoria - Munro Road Recon - Lytton St: Chapman - William Road Recon - Ward Grove: Rainer - Walhalla Road Recon - Prendergast St: Walhalla - Louisville Road Recon - Perrett St: Moreland - Dead End Road Recon - Coral: Perrett- Dead End Road Recon - Wendel St: Cliff - Lyle Laneways - Curtis Pl: Stewart - Bend Laneways - Curtis Pl: Stanley - Rear 2 Stewart Laneways - Methven Lane: Methven St - Rear 2 Jarvie St Laneways - Victoria Lane: Rear Sydney Laneways - Hickford lane: Hickford - Queen Laneways - Munro Lane -Munro - Bell Laneways - Rear 2 Wellington Lane: Munro - Victoria Laneways - Goodman Lane: Goodman - Ivy Laneways - 2/4 Rennie Lane: Rennie - The Grove Laneways - ROW26 Belair Lane: Belair - Finchley Total Asset Upgrade - Roads 1, TOTAL ROADS & CARPARKS 6, ,534 - FOOTPATHS & BIKEPATHS Bikepath - Cumberland / Rhodes Bikepath - Craigieburn Shared Path, Rail Reserve Bicycle Structures Total New Asset -Footpaths & Bikepaths Footpath& Bikepath Renewals Footpath Grinding Foot/Bikepaths - On-Road Bicycle Path Bicycle Structures Total Asset Renewal-Footpaths & Bikepaths 1, ,057 - Asset Upgrade Expenditure Moreland City Council 5 Year Financial Plan to Page 48

51 Bikepath - Upfield Pth - Jewel Station Foot/Bikepaths - On-Road Bicycle Paths Total Asset Upgrade-Footpaths & Bikepaths TOTAL FOOTPATHS & BIKEPATHS 1, ,822 - TRANSPORT MANAGEMENT Transport - Traffic Mgmnt Devices - Gowanbrae Transport - Traffic Mgmnt Devices - Various Transport - Pedestrian Safety & Disability Access Transport - Parking Infrastructure Transport - Brunswick Integrated Transport Plan (BITS) Total New Asset -Transport Management 1, ,250 - TOTAL TRANSPORT MANAGEMENT 1, ,250 - BRIDGES Bridges - Programmed maintenance Total Asset Renewal - Bridges TOTAL BRIDGES DRAINAGE Drainage Work - Cassels Road: Tinning - Moreland Drainage Work - New Road: The Avenue - Kadana Water Quality - WSUD Implementation Total New Asset - Drainage Drainage - Survey by CCTV Drainage - Investigations and Design Drainage - Reactive Program Drainage Work - Cassels Road: Tinning - Moreland Drainage Work - New Road: The Avenue - Kadana Drainage Works - Repairs & Maintenance Total Asset Renewal - Drainage Asset Upgrade Expenditure Drainage - Reactive Program Drainage Work - Cassels Road: Tinning - Moreland Drainage Work - New Road: The Avenue - Kadana Total Asset Upgrade - Drainage TOTAL DRAINAGE 1, ,290 - RECREATIONAL, LEISURE AND COMMUNITY FACILITIES Sportsfield Water Conservation - Stormwater Re-use Total New Asset - RL&C Sporting Fields & Ovals - Drought Response Drainage & Irrigation - Various Ovals/Reserves Sportsfield Lighting - Various Ovals/Reserves Total Asset Renewal - RL&C TOTAL RECREATIONAL, LEISURE & COMMUNITY PARKS & OPEN SPACE & STREETSCAPES Playground Strategy Implementation Parks & Reserves - Fleming Park Refurbishment General Park Infrastructure Street Landscape Improvements - Various Trees - Water conservation - Drought Response Other Open Space - Landscape Architect Moreland City Council 5 Year Financial Plan to Page 49

52 Streetscape - Coburg Sydney Road 1, ,200 - Streetscape - Glenroy A.C - Pascoe Vale Road Shopping Strip - Gaffney St/Cumberland Rd Total Asset Renewal - P&OS and Streetscapes 2, ,557 - Asset Upgrade Expenditure Natural Cons/Creek Environs - Various locations Other Open Space - Landscape Architect Streetscape - Coburg Sydney Road Streetscape - Glenroy A.C - Pascoe Vale Road Shopping Strip - Gaffney St/Cumberland Rd Total Asset Upgrade - P&OS and Streetscapes 1, ,650 - TOTAL P&OS AND STREETSCAPES 4, ,207 - WASTE MANAGEMENT Garbage Bins - Litter Bins replacement Total Asset Renewal - Waste TOTAL WASTE OFF STREET CAR PARKS Belair Av 26 Carpark: Belair - Finchley Total Asset Renewal - Off Street Car Parks Asset Upgrade Expenditure Belair Av 26 Carpark: Belair - Finchley Total Asset Upgrade - Off Street Car Parks Total Asset Expansion - Off Street Car Parks - TOTAL OFF STREET CAR PARKS OTHER INFRASTRUCTURE Artworks - Public Art Program Artworks - Municipal Art collection Arts & Culture - Christmas Decorations & Banners Total New Asset - Other Infrastructure TOTAL OTHER INFRASTRUCTURE TOTAL INFRASTRUCTURE 16, ,278 - TOTAL NEW CAPITAL WORKS 2014/15 27, ,250 26,013 - Represented by: 4,449 16,836 Asset Upgrade Expenditure 6,379 Asset Expansion Expenditure - Total 27,663 Grants Fawkner Kindergarten (To be advised) Merri Creek/Edgars Creek (Melbourne Water - Living Water) Davis Street - Road (RTR) 400 Total 400 Reserves Pascoe Vale Community Centre (Sale of Land) 1,250 Total 1,250 Rates (Revenue) 26,013 Total 26,013 Moreland City Council 5 Year Financial Plan to Page 50

53 Appendix F - 5 Year Capital Works Program 14/15 to 18/19 For Year ending 30 June 2018 Capital Works Area Project Cost Grants / Cont'n Reserves Council Cash Borrow's PROPERTY LAND IMPROVEMENTS Coburg Initiative Hospital Project Total - Land Improvements TOTAL LAND IMPROVEMENTS BUILDINGS Community Use Facilities - Youth Facility stage 2 1, ,348 - Public Toilets Strategy - Gowanbrae River Walk Other Buildings - Climate Change - Carbon Mgmnt Total - Buildings 1, ,768 - Civic Centre -Accommodation Masterplan Civic Centres - Council Depot Offices Civic Centres -Brunswick Municipal Offices Pavilion & Sports Clubs -City Oval Grandstand Community Use Facilities - Radio Station Middle St Res Public Toilets Strategy - Bridges Reserve (City Oval) Public Toilets Strategy - Raeburn Reserve Other Buildings - Climate Change - Building Efficiency Other Buildings - Building Project Officer Total - Buildings 1, ,366 - Civic Centres - Council Depot Offices Civic Centre - Accommodation Masterplan Public Toilets Strategy - Robinson Reserve Public Toilets Strategy - Raeburn Reserve Public Toilets Strategy - Charles Mutton Reserve Other Buildings - Partnership Grants Total Asset Upgrade Expenditure - Buildings 2, ,247 - Total Asset Expansion - Buildings TOTAL BUILDINGS 5, ,381 - TOTAL PROPERTY 5, ,605 - PLANT & EQUIPMENT PLANT, MACHINERY & EQUIPMENT Vehicle Fleet - Replace Council Vehicles 1, ,300 Total - PM&E 1, ,300 - TOTAL PLANT, MACHINERY & EQUIPMENT 1, ,300 - FIXTURES, FITTINGS & EQUIPMENT - - Furniture & Fittings - Library Shelving Total New Asset - F & F F & F Furniture & Fittings - General Furniture & Fittings - Library Shelving Furniture & Fittings - Gym Equipment Total Asset Renewal - F & F Total Asset Upgrade - F & F TOTAL FIXTURES FITTINGS & EQUIPMENT COMPUTERS & TELECOMMUNICATIONS IT - General Hardware - Mobility Devices Moreland City Council 5 Year Financial Plan to Page 51

54 IT - General Hardware - Mobility Capability IT - Software - Integration Extension IT - Corporate Planning System IT - CRM System Total New Asset - C & T IT - Server - Infrastructure Renewal IT - Personal Computers - Infrastructure Renewal IT - General Hardware -Two-Way Radio Renewal IT - Corporate Planning System Software Licence IT - Digital Image Library IT - Software - Microsoft Enterprise Agreement Total Asset Renewal - C & T Total Asset Upgrade - C & T TOTAL COMPUTERS & TEECOMMUNICATIONS LIBRARY BOOKS Library Books 1,034 1,034 Total Asset Renewal - Library Books 1, ,034 - TOTAL LIBRARY BOOKS 1, ,034 - TOTAL PLANT & EQUIPMENT 3, ,411 - INFRASTRUCTURE ROADS & CARPARKS High Crown -Turner St: O'HEA 1,000-1,000 - High Crown - James St: Whitby - Hope Road Recon - Waterfield St: Bell - Victoria Road Recon - Spry St: Gould - Dead End Road Recon - Spry St: Sydney - Gould Road Recon - Royal Pde: Bell - Brearly Road Recon - Royal Pde: Brearly - Princess Road Recon - Downs St: Essex - Sims Road Recon - Park St: McVean - Dollman Road Recon - Hawthorn St: Moreland - Benny Road Recon - Ross St: Gaffney - Rogers Road Recon - Armstrong St: Batman - Ross Road Recon - Ryan St: Ross - Batman Road Recon - Batman Ave: Gaffney - Ryan Road Recon - Rogers St: Ross - Dead End Road Recon - Shore Grove: McMahons - Carr Road Recon -Tudor St: Waterloo - Plumpton Laneways - Rear Donald St: Block Laneways - Rear Donald St: Block Laneways - Rear 7 Evans Lane: Ellingsworth - Minne Laneways - Rear 35 The Avenue: Rear 77 - Barrow Laneways - Blair Laane: Blair - Minne Laneways - Rear 35 The Avenue: Rear 87 The Avenue Program Maintenance - Kerb & Channel Program Maintenance - Crack Sealing Program Maintenance - Bluestone Pavement Resurfacing Program - Various 1, ,116 - Retaining Walls Other Roads - Construction Engineer Other Roads - Planning and Design Total Asset Renewal -Roads 7, ,961 - Asset Upgrade Expenditure High Crown -Turner St: O'HEA High Crown - James St: Whitby - Hope Road Recon - Waterfield St: Bell - Victoria Road Recon - Spry St: Gould - Dead End Moreland City Council 5 Year Financial Plan to Page 52

55 Road Recon - Spry St: Sydney - Gould Road Recon - Royal Pde: Bell - Brearly Road Recon - Royal Pde: Brearly - Princess Road Recon - Downs St: Essex - Sims Road Recon - Park St: McVean - Dollman Road Recon - Hawthorn St: Moreland - Benny Road Recon - Ross St: Gaffney - Rogers Road Recon - Armstrong St: Batman - Ross Road Recon - Ryan St: Ross - Batman Road Recon - Batman Ave: Gaffney - Ryan Road Recon - Rogers St: Ross - Dead End Road Recon - Shore Grove: McMahons - Carr Road Recon -Tudor St: Waterloo - Plumpton Laneways - Rear The Avenue: Rear 45 - Rear Laneways - Rear Donald St: Block Laneways - Rear Donald St: Block Laneways - Rear 7 Evans Lane: Ellingsworth - Minne Laneways - Rear 35 The Avenue: Rear 77 - Barrow Laneways - Blair Laane: Blair - Minne Laneways - Rear 35 The Avenue: Rear 87 The Avenue Other Roads - Construction Engineer Total Asset Upgrade - Roads 1, ,328 - Total Asset Expansion - Roads & Carparks TOTAL ROADS & CARPARKS 8, ,289 - FOOTPATHS & BIKEPATHS Bikepath - Merri Creek Bridge /ST George Rd Bikepath - Craigieburn Shared Path, Rail Reserve Bicycle Structures Total New Asset -Footpaths & Bikepaths Footpath& Bikepath Renewals 1, ,271 - Footpath Grinding Foot/Bikepaths - On-Road Bicycle Path Bicycle Structures Total Asset Renewal-Footpaths & Bikepaths 1, ,447 - Asset Upgrade Expenditure Bikepath - Upfield Pth - Jewel Station Foot/Bikepaths - On-Road Bicycle Paths Total Asset Upgrade-Footpaths & Bikepaths TOTAL FOOTPATHS & BIKEPATHS 2, ,222 - TRANSPORT MANAGEMENT Transport - Traffic Mgmnt Devices - Gowanbrae Transport - Traffic Mgmnt Devices - Various Transport - Pedestrian Safety & Disability Access Transport - Parking Infrastructure Transport - Brunswick Integrated Transport Plan (BITS) Total New Asset -Transport Management 1, ,125 - Total Asset Renewal-Transport Management Total Asset Upgrade-Transport Management TOTAL TRANSPORT MANAGEMENT 1, ,125 - BRIDGES Bridges - Programmed maintenance Total Asset Renewal - Bridges TOTAL BRIDGES DRAINAGE Drainage Work - Derby Street: Kent to Martin (MERL08) Water Quality - Litter Trap Installation Moreland City Council 5 Year Financial Plan to Page 53

56 Water Quality - WSUD Implementation Total New Asset - Drainage Drainage - Survey by CCTV Drainage - Investigations and Design Drainage - Reactive Program Drainage Work - Derby Street: Kent to Martin (MERL08) Drainage Works - Repairs & Maintenance Total Asset Renewal - Drainage Asset Upgrade Expenditure Drainage - Reactive Program Drainage Work - Derby Street: Kent to Martin (MERL08) Total Asset Upgrade - Drainage TOTAL DRAINAGE 1, ,370 - RECREATIONAL, LEISURE AND COMMUNITY FACILITIES Sportsfield Water Conservation - Stormwater Re-use Total New Asset - RL&C Sporting Fields & Ovals - Drought Response Drainage & Irrigation - Various Ovals/Reserves Sportsfield Lighting - Various Ovals/Reserves Total Asset Renewal - RL&C Asset Upgrade Expenditure - Open Space Lighting Upgrade Total Asset Upgrade - RL&C TOTAL RECREATIONAL, LEISURE & COMMUNITY PARKS & OPEN SPACE & STREETSCAPES Playground Strategy Implementation General Park Infrastructure Street Landscape Improvements - Various Trees - Water conservation - Drought Response Drainage & Irrigation - Open Space various Other Open Space - Landscape Architect Streetscape - Glenroy A.C - Morgan Court Streetscape - Brunswick A.C - Dawson Street Shopping Strip - Bonwick Total Asset Renewal - P&OS and Streetscapes 2, ,111 - Asset Upgrade Expenditure Natural Cons/Creek Environs - Various locations Other Open Space - Landscape Architect Streetscape - Coburg Sydney Road Streetscape - Glenroy A.C - Morgan Court Streetscape - Brunswick A.C - Dawson Street Shopping Strip - Bonwick Total Asset Upgrade - P&OS and Streetscapes 1, ,650 - TOTAL P&OS AND STREETSCAPES 3, ,761 - WASTE MANAGEMENT Garbage Bins - Litter Bins replacement Total Asset Renewal - Waste TOTAL WASTE OFF STREET CAR PARKS Waterfield St: Carpark section Waterfield St: Carpark section Louisa Carpark Coburg Total Asset Renewal - Off Street Car Parks Asset Upgrade Expenditure Waterfield St: Carpark section Moreland City Council 5 Year Financial Plan to Page 54

57 Waterfield St: Carpark section Louisa Carpark Coburg Total Asset Upgrade - Off Street Car Parks Total Asset Expansion - Off Street Car Parks - TOTAL OFF STREET CAR PARKS 1, ,120 - OTHER INFRASTRUCTURE Artworks - Public Art Program Artworks - Municipal Art collection Arts & Culture - Christmas Decorations & Banners Total New Asset - Other Infrastructure TOTAL OTHER INFRASTRUCTURE TOTAL INFRASTRUCTURE 18, ,439 - TOTAL NEW CAPITAL WORKS 2014/15 27, ,455 - Represented by: 4,619 17,227 Asset Upgrade Expenditure 6,010 Asset Expansion Expenditure - Total 27,855 Grants Davis Street - Road (RTR) 400 Total 400 Reserves Total - Rates (Revenue) 27,455 Total 27,455 Moreland City Council 5 Year Financial Plan to Page 55

58 Appendix F - 5 Year Capital Works Program 14/15 to 18/19 For Year ending 30 June 2019 Capital Works Area Project Cost Grants / Cont'n Reserves Council Cash Borrow's PROPERTY LAND IMPROVEMENTS Coburg Initiative Hospital Project Total - Land Improvements Total Total Asset Upgrade Expenditure Total Asset Expansion Expenditure TOTAL LAND IMPROVEMENTS BUILDINGS Civic Centres - Depot Master Plan Public Toilets Strategy - Gowanbrae River Walk Other Buildings - Climate Change - Carbon Mgmnt Total - Buildings Aquatic & Leisure Centres - Fawkner Leisure Civic Centres -Coburg Town Hall - Concert Hall Library - Glenroy Library Pavilion & Sports Clubs- Bush Reserve - Tennis Pavilion & Sports Clubs- Bush Reserve -Bowls Pavilion & Sports Clubs -Morris Reserce Pavilion Early Years Facilities - Derby Street Kindergarten Early Years Facilities - Murrell ST MCH - Disposal Community Use Facilities - CERES Community Use Facilities - Glenroy Community (Merri Health) Community Use Facilities - Glenroy Community (N'Hood House) Community Use Facilities - WARR Park, De Carle St Other Buildings - Climate Change - Building Efficiency Other Buildings - Building Project Officer Total - Buildings 3, ,010 - Asset Upgrade Expenditure Aquatic & Leisure Centres - Oak Park Implementation 2, ,000 - Civic Centres -Coburg Town Hall - Concert Hall Civic Centre - Coburg Town Hall Masterplan Community Use Facilities - Glenroy Community (Merri Health) Community Use Facilities - Glenroy Community (N'Hood House) Community Use Facilities - WARR Park, De Carle St Other Buildings - Building Project Officer Other Buildings - Partnership Grants Total Asset Upgrade Expenditure - Buildings 2, ,736 - Total Asset Expansion - Buildings TOTAL BUILDINGS 6, ,426 - TOTAL PROPERTY 6, ,538 - PLANT & EQUIPMENT PLANT, MACHINERY & EQUIPMENT Vehicle Fleet - Replace Council Vehicles 1, ,700 Moreland City Council 5 Year Financial Plan to Page 56

59 Total - PM&E 1, ,700 - Total Asset Upgrade Expenditure - PM&E TOTAL PLANT, MACHINERY & EQUIPMENT 1, ,700 - FIXTURES, FITTINGS & EQUIPMENT - - Furniture & Fittings - Library Shelving Total New Asset - F & F F & F Furniture & Fittings - General Furniture & Fittings - Library Shelving Furniture & Fittings - Gym Equipment Total Asset Renewal - F & F TOTAL FIXTURES FITTINGS & EQUIPMENT COMPUTERS & TELECOMMUNICATIONS IT - General Hardware - Mobility Devices IT - General Hardware - Mobility Capability IT - Software - Integration Extension IT - CRM System Total New Asset - C & T IT - Server - Infrastructure Renewal IT - Personal Computers - Infrastructure Renewal IT - General Hardware -Two-Way Radio Renewal IT - Corporate Planning System Software Licence IT - Software - Microsoft Enterprise Agreement Total Asset Renewal - C & T TOTAL COMPUTERS & TEECOMMUNICATIONS LIBRARY BOOKS Library Books 1,065 1,065 Total Asset Renewal - Library Books 1, ,065 - TOTAL LIBRARY BOOKS 1, ,065 - TOTAL PLANT & EQUIPMENT 3, ,793 - INFRASTRUCTURE ROADS & CARPARKS High Crown - Clarence St: Nicholson - Eddie High Crown - Flinders St: O'Hea - Murray High Crown - Collins St: Murray - O'Hea High Crown - Carron St: Sydney - Cameron High Crown - Cameron St: The Avenue - Dead End High Crown - Carron St: Cameron - Dead End High Crown - Franklin St: hardwick - Rennie High Crown - Queen St: Moreland - Lever Road Recon - Park St: Dollman - Railway Road Recon - South St: Everitt - Jensen Road Recon - South St: Davies - Dickinson Road Recon - South St: Jensen - West Road Recon - South St: Dickinson - Everitt Road Recon - Vaux St: Gallipoli - Mitchell Road Recon - McPherson St: Dead End - Reynard Road Recon - Daley St: Cumberland - Alpine Road Recon - Kevin St - Ray - John Road Recon - Kevin St: John - Derby Moreland City Council 5 Year Financial Plan to Page 57

60 Road Recon - Cocoa Jackson Lane: Allan - Horne Road Recon - Cocoa Jackson Lane: Horne - Warburton Laneways - 47/49 Sheffield Lane: Sheffield - Harding Laneways - 12 McCrory Lane: Rear 12 - Rear Laneways - 2 Blair Lane: Blair - Minnie Laneways - Giannarelli Dr: Brunswick - Barkly Laneways - 694A/696 Sydney: Lt Jones - Rear 664 Sydney Laneways -44/46 Barry Lane: Barry - Fallon Laneways -44/46 Barry Lane: Rear 24 Munro - Munro Laneways - Rear 55 Newman: Rear 27 Newman - Newman Laneways - Rear 44 Cliff Lane: Wendel - Rear 28 Cliff Laneways - 96 Lydia Lane: Lydia - Rear 96 Lydia Laneways - Rear 55 Newman Lane: 55 Newman - Straw Laneways - Rear 44 Cliff Lane: 28 Cliff Lane - Hope Program Maintenance - Kerb & Channel Program Maintenance - Crack Sealing Program Maintenance - Bluestone Pavement Resurfacing Program - Various Retaining Walls Other Roads - Construction Engineer Other Roads - Planning and Design Total Asset Renewal -Roads 7, ,009 - Asset Upgrade Expenditure High Crown - Clarence St: Nicholson - Eddie High Crown - Flinders St: O'Hea - Murray High Crown - Collins St: Murray - O'Hea High Crown - Carron St: Sydney - Cameron High Crown - Cameron St: The Avenue - Dead End High Crown - Carron St: Cameron - Dead End High Crown - Franklin St: hardwick - Rennie High Crown - Queen St: Moreland - Lever Road Recon - Park St: Dollman - Railway Road Recon - South St: Everitt - Jensen Road Recon - South St: Davies - Dickinson Road Recon - South St: Jensen - West Road Recon - South St: Dickinson - Everitt Road Recon - Vaux St: Gallipoli - Mitchell Road Recon - McPherson St: Dead End - Reynard Road Recon - Daley St: Cumberland - Alpine Road Recon - Kevin St - Ray - John Road Recon - Kevin St: John - Derby Road Recon - Cocoa Jackson Lane: Allan - Horne Road Recon - Cocoa Jackson Lane: Horne - Warburton Laneways - 47/49 Sheffield Lane: Sheffield - Harding Laneways - 12 McCrory Lane: Rear 12 - Rear Laneways - 2 Blair Lane: Blair - Minnie Laneways - Giannarelli Dr: Brunswick - Barkly Laneways - 694A/696 Sydney: Lt Jones - Rear 664 Sydney Laneways -44/46 Barry Lane: Barry - Fallon Laneways -44/46 Barry Lane: Rear 24 Munro - Munro Laneways - Rear 55 Newman: Rear 27 Newman - Newman Laneways - Rear 44 Cliff Lane: Wendel - Rear 28 Cliff Laneways - 96 Lydia Lane: Lydia - Rear 96 Lydia Laneways - Rear 55 Newman Lane: 55 Newman - Straw Laneways - Rear 44 Cliff lane: 28 Cliff - Hope Total Asset Upgrade - Roads 1, ,222 - Moreland City Council 5 Year Financial Plan to Page 58

61 Total Asset Expansion - Roads & Carparks TOTAL ROADS & CARPARKS 8, ,231 - FOOTPATHS & BIKEPATHS Bikepath - Railway Place Coburg Bikepath - Craigieburn Shared Path, Rail Reserve Foot/Bikepaths - On-Road Bicycle Path Total New Asset -Footpaths & Bikepaths Footpath& Bikepath Renewals 1, ,257 - Footpath Grinding Foot/Bikepaths - On-Road Bicycle Path Bicycle Structures Total Asset Renewal-Footpaths & Bikepaths 1, ,442 - Asset Upgrade Expenditure. Bicycle Structures Bikepath - Upfield Pth - Jewel Station Total Asset Upgrade-Footpaths & Bikepaths TOTAL FOOTPATHS & BIKEPATHS 2, ,217 - TRANSPORT MANAGEMENT Transport - Traffic Mgmnt Devices - Various Transport - Pedestrian Safety & Disability Access Transport - Parking Infrastructure Transport - Brunswick Integrated Transport Plan (BITS) Total New Asset -Transport Management 1, ,010 - Total Asset Renewal-Transport Management Total Asset Upgrade-Transport Management TOTAL TRANSPORT MANAGEMENT 1, ,010 - BRIDGES Bridges - Programmed maintenance Total Asset Renewal - Bridges Total Asset Upgrade - Bridges TOTAL BRIDGES DRAINAGE Water Quality - WSUD Implementation Total New Asset - Drainage Drainage - Survey by CCTV Drainage - Investigations and Design Drainage - Reactive Program Drainage Work - Glenlyon Rd: Clark - John Drainage Work - 27 devon Av: Moreland - Lever Drainage Works - Repairs & Maintenance Total Asset Renewal - Drainage Asset Upgrade Expenditure Drainage Work - Glenlyon Rd: Clark - John Total Asset Upgrade - Drainage Total Asset Expansion - Drainage - TOTAL DRAINAGE 1, ,580 - RECREATIONAL, LEISURE AND COMMUNITY FACILITIES Sportsfield Water Conservation - Stormwater Re-use Total New Asset - RL&C Moreland City Council 5 Year Financial Plan to Page 59

62 Sporting Fields & Ovals - Drought Response Drainage & Irrigation - Various Ovals/Reserves Sportsfield Lighting - Various Ovals/Reserves Total Asset Renewal - RL&C Asset Upgrade Expenditure Drainage & Irrigation - Various Ovals/Reserves Open Space Lighting Upgrade Total Asset Upgrade - RL&C Total Asset Expansion - RL&C TOTAL RECREATIONAL, LEISURE & COMMUNITY PARKS & OPEN SPACE & STREETSCAPES Playground Strategy Implementation General Park Infrastructure Street Landscape Improvements - Various Trees - Water conservation - Drought Response Drainage & Irrigation - Open Space various Other Open Space - Landscape Architect Streetscape - Coburg Sydney Road 2, ,024 - Streetscape - Glenroy A.C - Morgan Court Streetscape - Brunswick A.C - Sydney Road Total Asset Renewal - P&OS and Streetscapes 3, ,265 - Asset Upgrade Expenditure Natural Cons/Creek Environs - Various locations Other Open Space - Landscape Architect Streetscape - Coburg Sydney Road Streetscape - Glenroy A.C - Morgan Court Streetscape - Brunswick A.C - Sydney Road Total Asset Upgrade - P&OS and Streetscapes 1, ,005 - Total Asset Expansion - P&OS and Streetscapes TOTAL P&OS AND STREETSCAPES 4, ,270 - WASTE MANAGEMENT Garbage Bins - Litter Bins replacement Total Asset Renewal - Waste Total Asset Upgrade - Waste Total Asset Expansion - Waste TOTAL WASTE OTHER INFRASTRUCTURE Artworks - Public Art Program Artworks - Municipal Art collection Arts & Culture - Christmas Decorations & Banners Total New Asset - Other Infrastructure TOTAL OTHER INFRASTRUCTURE TOTAL INFRASTRUCTURE 18, ,502 - TOTAL NEW CAPITAL WORKS 2014/15 29, ,833 - Represented by: 3,671 19,889 Asset Upgrade Expenditure 5,673 Asset Expansion Expenditure - Total 29,233 Moreland City Council 5 Year Financial Plan to Page 60

63 Grants Davis Street - Road (RTR) 400 Total 400 Reserves Total - Rates (Revenue) 28,833 Total 28,833 Moreland City Council 5 Year Financial Plan to Page 61

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78 APPENDIX G: Financial Sustainability Graphs Rates contribution to Capital Expenditure grows by 5.00% per annum. Rate increase is set at 4.5% - 5.0% per annum Average Total Rates Increase 3.00% 4.50% 5.00% 5.00% 5.00% 5.00% 3.99% 4.72% 4.73% 4.73% 4.57% Free cash/(cash shortfall) ('000) $ (206) $ (0) $ 0 $ (0) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ (20) The following six graphs represents the historical and future financial sustainability ratios using the Auditor General's assessment criteria. Details of the six assessment criteria is provided in section 5 of this Plan Underlying Result (%) - 5-Yr Average MCC AG's green light AG's yellow light Liquidity MCC AG's green light AG's yellow light Indebtedness (%) Self-financing (%) MCC AG's green light AG's yellow light MCC AG's green light AG's yellow light Investment Gap - 5-Yr Average Renewal Gap- 5-Yr Average MCC AG's green light AG's yellow light MCC AG's green light AG's yellow light Moreland City Council 5 Year Financial Plan to Page 76