Pittwater 2025
2013-17 Delivery Program & Budget
May 2013
Council Vision
To be a vibrant sustainable community of connected villages inspired by bush, beach
& water
Strategic Framework
Resourcing strategy10 years
Resourcing strategy10 years
Annual Report(includes SoE)
Annual Report(includes SoE)
Operational PlanOperational Plan
Delivery Program4 years
Delivery Program4 years
Community Strategic Plan10 years+
Community Strategic Plan10 years+
Perpetual monitoring and
review
Draft Pittwater 2025
Our Community Strategic Plan
Guiding Principles
• Sustainability – Environment, Social, Economic, Governance
• Civic Leadership
Delivery Program
• Introduction
• Overview
• Financials
• Delivery Program – Actions
• Capital Improvement Program
• Statement of Fees & Charges
2025 Vision
Changes to CSP
• Vision remains same• 5 Key Directions remain same • Rationalisation of number of strategies
– Reduced duplication– Feedback over 4 years plus community engagement
• Strategies– Updated Objectives– Strategic Initiatives now belong in Delivery Program– Added Challenges & Opportunities
• Review of indicators
Engagement Outcomes
• Updated Objectives– Prioritisation at Community Workshops & Online– Reference Group Workshop– Manager Workshop– Councillor finalisation
• Identified Challenges & Opportunities– Community Workshops– Youth workshops– Online comments– Email/ Letters
• List of actions for consideration in Delivery Planning Process
Engaging the Community
• Telephone Survey = 400• Online comments = 109 • Community Forums = 130• Youth Workshops = 10• Reference Group = 15• Councillor Workshop = 8• Online Discussion = 8• Email = 18• Letters = 3• Community Workshop = 30• TOTAL = 731
Draft Delivery Program
& Budget 2013-2017
Budget – Planning Relationship
As a part of the 2013/14 Budget process, financial information that relates to Council’s Delivery Program is utilised to produce next years budget estimates and longer term financial projections:
– Known income and expenditure, balance sheet and cashflow information– Projected income and expenditure, balance sheet and cashflow information based on the Delivery
Program, historical patterns and estimated future financial information– Sensitivity analysis (assumptions and scenarios that most likely affect Council)– Financial modelling for different scenarios (Loans, Developer Contributions, LTFP)
Budget relationship to Council’s Delivery Program is as follows:
1 2 3 4 5 6 7 8 9 10
Detailed budget Forward estimates Financial projectionsfrom the from the Delivery and assumptionsOperational Plan Program
Pittwater Councils Long Term Financial Plan - 10 Years
TCorp – Financial Sustainability Ratings
NSW Treasury’s (TCorp) recent Financial Sustainability Report has seen Pittwater Council rated one of the top 30 Council’s for financial sustainability in NSW with ratings of:
– FSR Current – Sound (Scale as seen above)
– FSR Outlook – Neutral (indicating continuing Sound position)
In discussions with TCorp, these results reflects Pittwater’s positive operating results, sound delivery of services and Infrastructure, continued financial sustainability and overall effective corporate management.
2013/14 Budget Estimates
Desciption Budget
2013/ 14
Operating Result 1,577,438$ Operating Income 74,246,397$ Operating Expenditure 72,668,959$ Consolidated Result 59,353$ Total Cash & Investments 19,896,000$ Major Capital Works Program 22,592,182$ Major Maintenance Works Program 14,121,679$ Total Equity 1,052,410,000$ Rating Income Yield 37,515,253$ Unrestricted Current Ratio 2.34 Debt Service Ratio 2.86%Building Infrastructure Renewal Ratio 93.76%
Projected Operating and Consolidated Budgeted Results For the Next 4 Years
Budget Forecasts 2013/ 14 to 2016/ 17
$1,577,438
$1,407,201
$1,017,413
$59,353
$1,273,302
$60,663$52,444$78,423
$-
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
$1,400,000
$1,600,000
$1,800,000
2013/14 2014/15 2015/16 2016/17
Year
$
Operating Result Consolidated Result
2013/14 Budget – Major Works Program Funding
Pittwater Council - Total Major Projects Program 2013/14 Budget ($36,713,861)
By Funding
$3,890,381
$1,591,826
$14,471,623
$1,192,426
$8,825,605
$6,742,000
$-
$2,000,000
$4,000,000
$6,000,000
$8,000,000
$10,000,000
$12,000,000
$14,000,000
$16,000,000
General Revenue Special Rate Loan S94 Grants Contributions & Charges
Funding Source
$
2013/14 Budget – Major Works Program Capital
Graph 11
Upgrade - Additional expenditure on an asset to expand its useful life or add additional service potential Maintenance - Planned expenditure to maintain an asset in a condition comensurate to its deemed useful lifeRenewal - Unplanned expenditure on an asset to restore an asset to its deemed useful life Operating - Studies, Energy Initiatives, Sustainability Programs, CCTV Monitoring etcNew - Creation of a new asset
Pittwater Council - Major Projects 2013/14 Budgeted Expenditure ($36,713,861)
By Category
$16,322,263
$12,323,443
$1,753,236
$3,214,211 $3,100,708
$-
$2,000,000
$4,000,000
$6,000,000
$8,000,000
$10,000,000
$12,000,000
$14,000,000
$16,000,000
$18,000,000
Upgrade Renewal New Maintenance Operating
Expenditure Category
$
Building Infrastructure Renewal Ratios
Pittwater Council - Building & Infrastructure Renewal Ratio(Benchmark >100%)
74.85%
93.76%
71.98%
97.00%
0.00%
20.00%
40.00%
60.00%
80.00%
100.00%
120.00%
2013/14 (Projected) 2012/13 (Projected) 2011/12 2010/11
Year
%
2013/14 Budget - Major Works Program
Carpark - Improvements 7,338,185$ 19.99%Bridge 5,145,605$ 14.02%Buildings - New 2,685,746$ 7.32%Streetscape - Maintenance 2,276,819$ 6.20%Buildings - Maintenance 1,719,223$ 4.68%Road - Heavy Patch 1,693,718$ 4.61%Reserves - Maintenance 1,690,685$ 4.61%Drainage 1,597,884$ 4.35%Buildings - Improvements 1,424,183$ 3.88%Sports Field - Maintenance 1,125,126$ 3.06%Road - Resheet 1,098,358$ 2.99%Coastal Management 1,029,982$ 2.81%Bushland Restoration & Protection 1,006,776$ 2.74%Footpath 872,452$ 2.38%Traffic Facilities 710,309$ 1.93%Other 696,509$ 1.90%Commercial Centre - Maintenance 620,759$ 1.69%Asset Management 541,462$ 1.47%Cemetery Maintenance 499,500$ 1.36%Road - Heavy Patch/Resheet 480,000$ 1.31%Reserves - Improvements 447,200$ 1.22%Natural Environment 399,182$ 1.09%Rock Pools - Maintenance 370,499$ 1.01%Wharfs - Maintenance 286,593$ 0.78%Wharfs - Improvement 251,296$ 0.68%Flood Management 217,596$ 0.59%Walkway - Maintenance 141,772$ 0.39%Walkway - Improvements 117,942$ 0.32%Reserves - Playground Improvements 80,000$ 0.22%Kerb & Gutter 50,500$ 0.14%Rock Pools - Improvements 45,000$ 0.12%Commercial Centre - Improvements 35,000$ 0.10%Carpark - Maintenance 18,000$ 0.05%Total 36,713,861$ 100%
Pittwater Council Total Major Works Program - By Type of Expenditure
2013/14 Draft Budget
LoansPittwater Council
10 Year Projected Loan Balance and Repayment Schedules
$-
$2,000,000
$4,000,000
$6,000,000
$8,000,000
$10,000,000
$12,000,000
$14,000,000
$16,000,000
$18,000,000
2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22
Year
$
Loan Balances (Projected) Annual Repayments (Projected)
Pittwater Council 10 Year Projected Debt Service Ratio Projections
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22
Year
%
Debt Service Ratio (Projected) Debt Service Ratio Policy
Rating Valuations• In 2012 the Valuer General released the latest land values for
Pittwater.• As outlined below the variations of each suburb are shown.
-4.45%17,951,754,830 18,788,260,110
WHALE BEACH-14.07%738,822,900 859,761,600
WESTERN FORESHORES-16.09%199,200,800 237,393,700
WARRIEWOOD1.37%1,303,554,130 1,285,943,650
SCOTLAND ISLAND-20.15%135,587,860 169,807,600
PALM BEACH-15.46%2,276,766,550 2,693,143,250
NORTH NARRABEEN0.14%1,125,200,030 1,123,681,600
NEWPORT-0.26%2,471,983,751 2,478,345,340
MONA VALE2.18%2,681,321,150 2,624,093,130
INGLESIDE11.59%587,796,300 526,739,300
ELANORA HEIGHTS0.23%896,827,110 894,744,600
CLAREVILLE-11.63%457,210,300 517,356,800
CHURCH POINT-1.27%397,383,110 402,501,040
BILGOLA PLATEAU-1.23%724,350,930 733,387,250
BILGOLA BEACH-5.78%248,874,900 264,144,100
BAYVIEW-2.79%1,054,877,730 1,085,182,150
AVALON BEACH-8.30%2,651,997,279 2,892,035,000
Locality% change2012 LV2009 LV
Total Land Value Change
-4.45%17,951,754,830 18,788,260,110
WHALE BEACH-14.07%738,822,900 859,761,600
WESTERN FORESHORES-16.09%199,200,800 237,393,700
WARRIEWOOD1.37%1,303,554,130 1,285,943,650
SCOTLAND ISLAND-20.15%135,587,860 169,807,600
PALM BEACH-15.46%2,276,766,550 2,693,143,250
NORTH NARRABEEN0.14%1,125,200,030 1,123,681,600
NEWPORT-0.26%2,471,983,751 2,478,345,340
MONA VALE2.18%2,681,321,150 2,624,093,130
INGLESIDE11.59%587,796,300 526,739,300
ELANORA HEIGHTS0.23%896,827,110 894,744,600
CLAREVILLE-11.63%457,210,300 517,356,800
CHURCH POINT-1.27%397,383,110 402,501,040
BILGOLA PLATEAU-1.23%724,350,930 733,387,250
BILGOLA BEACH-5.78%248,874,900 264,144,100
BAYVIEW-2.79%1,054,877,730 1,085,182,150
AVALON BEACH-8.30%2,651,997,279 2,892,035,000
Locality% change2012 LV2009 LV
Total Land Value Change
Rating Valuations• Based on the movements in Land Values in conjunction with
Pittwater’s permissible rate increase of 5.9% for 2013/14, the average change in rates to be paid by suburb is shown below.
RESIDENTIAL No. Rate 12/13 Rate 13/14 Change $ Change %
AVALON BEACH 3,848 1,295.28 1,318.36 23.08 1.8%BAYVIEW 1,056 1,749.85 1,893.00 143.15 8.2%BILGOLA BEACH 112 3,787.66 3,976.05 188.39 5.0%BILGOLA PLATEAU 1,222 1,019.76 1,121.73 101.97 10.0%CHURCH POINT 439 1,550.73 1,705.04 154.31 10.0%CLAREVILLE 392 2,218.25 2,179.82 -38.43 -1.7%ELANORA HEIGHTS 1,387 1,085.59 1,211.32 125.72 11.6%INGLESIDE 281 2,179.08 2,756.37 577.28 26.5%MONA VALE 3,952 1,080.22 1,213.43 133.21 12.3%NEWPORT 3,763 1,194.15 1,320.15 126.00 10.6%NORTH NARRABEEN 1,755 975.66 1,088.47 112.81 11.6%PALM BEACH 1,231 3,586.97 3,372.53 -214.45 -6.0%SCOTLAND ISLAND 371 917.85 883.78 -34.06 -3.7%WARRIEWOOD 2,057 991.45 1,107.17 115.73 11.7%WESTERN FORESHORES 337 1,133.08 1,059.57 -73.51 -6.5%WHALE BEACH 300 4,810.49 4,581.43 -229.07 -4.8%
Total 22,503 1,389.42 1,471.26 81.83 5.9%
Average Residential RatesImpact of Revaluation & 5.9% Rates Increase
Where to From Here
• May – Public Exhibition & Meeting• 31 May for both CSP & Delivery Program
• Notes from public meeting to be posted to current consultation project page
• Early June – Collation of all submissions
• 17 June – Final documents to Council