Appendices
The following summary documents are provided as appendixes to the Long Term Financial Plan document. They provide a summary of the financial projections of Wagga Wagga City Council over the next 10 years. It is important that these documents are considered as a total package and not in isolation to gain a clear picture of Council’s budgeted financial position over the next 10 years.
Appendix 1
Budgeted Income Statement
Appendix 2
Budgeted Balance Sheet
Appendix 3
Budgeted Cash Flow Statement
Appendix 4
Financial Sustainability Indicators
Appendix 5
Budgeted External Restrictions
Appendix 6
Budgeted Internal Restrictions
Appendix 7
External Loan Projects and Debt Servicing
Appendix 8
a) Capital Works Program – One off projects (including Pending and Confirmed categories)
b) Capital Works Program – Recurrent projects
Appendix 9
Airport - Ten Year Financial Plan
Appendix 10
Livestock Marketing Centre - Ten Year Financial Plan
Appendix 11
Sewerage Services - Ten Year Financial Plan
Appendix 12
Solid Waste Services - Ten Year Financial Plan
Appendix 13
Stormwater Levy - Ten Year Financial Plan
Appendix 14
Budgeted Income Statement by Function
30 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
Appendix 1 - Budgeted income statement
31 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
Budget 2023/24 Budget 2024/25 Budget 2025/26 Budget 2026/27 Budget 2027/28 Budget 2028/29 Budget 2029/30 Budget 2030/31 Budget 2031/32 Budget 2032/33
Rates & Annual Charges (79,700,947)(82,618,050)(85,651,390)(88,543,762)(91,537,091)(94,634,999)(97,841,236)(101,159,692)(104,594,400)(108,149,538) User Charges & Fees (32,607,964)(33,579,737)(34,596,152)(35,670,095)(36,740,671)(37,830,987)(38,947,637)(40,042,289)(41,172,092)(42,338,444) Other Revenues (3,040,358)(3,077,889)(3,131,880)(3,187,622)(3,245,174)(3,290,061)(3,330,971)(3,398,303)(3,468,907)(2,980,279) Grants & Contributions provided for Operating Purposes (13,891,687)(14,134,187)(14,339,298)(14,525,480)(14,799,573)(14,920,165)(15,097,774)(15,419,206)(15,676,080)(15,989,356) Grants & Contributions provided for Capital Purposes (43,630,578)(33,010,539)(27,875,446)(23,695,617)(10,839,036)(11,769,873)(10,068,423)(10,213,431)(10,142,163)(10,413,665) Interest & Investment Revenue (4,873,916)(5,342,605)(6,437,921)(8,214,085)(9,357,007)(10,147,190)(11,280,810)(12,546,022)(13,944,925)(15,629,428) Other Income (1,564,445)(1,600,479)(1,615,292)(1,607,019)(1,634,814)(1,672,865)(1,711,925)(1,751,676)(1,791,300)(1,828,966) Revenue from continuing operations (179,309,895)(173,363,486)(173,647,379)(175,443,680)(168,153,367)(174,266,139)(178,278,775)(184,530,619)(190,789,867)(197,329,675) Expenses from continuing operations Employee Benefits & On-Costs 56,172,71158,459,54060,893,65463,401,24966,007,14768,715,28271,529,74274,454,78177,494,82180,654,463 Materials & Services 41,316,27442,521,86540,437,90241,162,21042,257,12043,417,50344,463,93946,254,90247,446,86548,677,791 Borrowing Costs 3,363,3143,755,2904,114,1823,996,3063,776,8123,327,1362,953,2892,673,0972,429,9392,108,962 Depreciation & Amortisation 44,291,57744,878,02945,219,08445,316,93745,607,40245,657,14446,401,42346,604,42346,820,61646,820,616 Other Expenses 1,954,4292,002,5822,049,1112,100,1712,152,7412,206,8472,261,8862,318,5742,376,9582,432,756 Expenses From Continuing Operations 147,098,304151,617,307152,713,932155,976,874159,801,223163,323,912167,610,279172,305,776176,569,200180,694,588 Net Operating Result (Surplus)/Deficit (32,211,591)(21,746,179)(20,933,447)(19,466,807)(8,352,144)(10,942,228)(10,668,495)(12,224,843)(14,220,667)(16,635,087) Net Operating Result before Grants and Contributions provided for Capital Purposes 11,418,98711,264,3606,941,9994,228,8102,486,892827,645(600,073)(2,011,412)(4,078,503)(6,221,422)
Revenue from continuing operations
Appendix 2 - Budgeted balance sheet
32 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
Budget 2023/24 Budget 2024/25 Budget 2025/26 Budget 2026/27 Budget 2027/28 Budget 2028/29 Budget 2029/30 Budget 2030/31 Budget 2031/32 Budget 2032/33 Assets Current Assets Cash & Cash Equivalents 22,995,48123,995,04926,665,49129,102,57431,679,13933,868,56937,132,48640,727,27044,644,89048,693,891 Investments 42,191,48644,025,46648,925,12153,396,61558,124,02762,141,13368,129,68174,725,29281,913,23589,342,232 Receivables 17,597,91016,730,76116,415,22816,214,28215,052,63415,437,14915,501,95315,808,29016,068,26516,377,504 Inventories 2,180,5542,244,1822,134,1962,172,4232,230,2092,291,4512,346,6792,441,2002,504,1092,569,074 Contract Assets 5,035,0454,126,6773,695,1453,345,5732,244,2012,336,2352,202,8502,243,6792,259,9252,311,112 Other 538,230553,825528,482538,126552,399567,506581,207604,189619,742635,747 Total Current Assets 90,538,70691,675,95998,363,663104,769,594109,882,610116,642,043125,894,855136,549,921148,010,167159,929,559 Non-Current Assets Investments 111,834,827116,696,064129,683,330141,535,692154,066,402164,714,343180,587,880198,070,533217,123,248236,814,912 Infrastructure, Property, Plant & Equipment 1,839,477,0351,872,722,6111,879,905,6411,887,219,4931,869,379,8571,862,518,9241,845,156,6641,827,417,8121,806,339,6411,788,827,010 Investment Property 4,510,0004,510,0004,510,0004,510,0004,510,0004,510,0004,510,0004,510,0004,510,0004,510,000 Right of use Assets 1,266,822913,909582,651251,393 0 0 0 0 0 0 Total Non-Current Assets 1,957,088,6841,994,842,5832,014,681,6222,033,516,5792,027,956,2592,031,743,2672,030,254,5442,029,998,3452,027,972,8892,030,151,922 Total assets 2,047,627,3902,086,518,5422,113,045,2862,138,286,1722,137,838,8692,148,385,3102,156,149,3992,166,548,2652,175,983,0562,190,081,481 Liabilities Current Liabilities Payables 21,311,92120,485,97318,420,21418,697,71917,071,23918,169,27817,752,97518,114,27218,197,46418,793,481 Contract Liabilities 6,300,0345,615,6225,393,3225,297,9474,505,4694,719,2984,763,4484,956,0145,145,2745,342,446 Lease Liabilities 364,766351,473361,557277,960 0 0 0 0 0 0 Borrowings 9,662,0159,288,0169,679,0039,440,3599,848,7556,032,2514,987,5825,238,0524,821,8594,556,974 Employee Benefit Provisions 12,066,57112,066,57112,066,57112,066,57112,066,57112,066,57112,066,57112,066,57112,066,57112,066,571 Provisions 814,783814,783814,783814,783814,783814,783814,783814,783814,783814,783 Total Current Liabilities 50,520,08948,622,43846,735,45146,595,33844,306,81641,802,18140,385,35941,189,69141,045,95141,574,255
Appendix 2 - budgeted balance sheet (cont)
33 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL Budget 2023/24 Budget 2024/25 Budget 2025/26 Budget 2026/27 Budget 2027/28 Budget 2028/29 Budget 2029/30 Budget 2030/31 Budget 2031/32 Budget 2032/33 Non-Current Liabilities Lease Liabilities 990,990639,517277,960 (0) (0) 0 0 0 0 0 Borrowings 70,285,15771,422,50766,795,53161,433,38952,254,71048,357,16544,521,21940,457,83535,635,97631,079,001 Employee Benefit Provisions 322,424322,424322,424322,424322,424322,424322,424322,424322,424322,424 Provisions 2,153,1902,153,1902,153,1902,153,1902,153,1902,153,1902,153,1902,153,1902,153,1902,153,190 Total Non-Current Liabilities 73,751,76174,537,63969,549,10563,909,00354,730,32450,832,77946,996,83342,933,44938,111,59033,554,616 Total liabilities 124,271,850123,160,077116,284,556110,504,34199,037,14092,634,96087,382,19284,123,14179,157,54175,128,870 Net assets 1,923,355,5401,963,358,4651,996,760,7302,027,781,8312,038,801,7292,055,750,3502,068,767,2072,082,425,1252,096,825,5152,114,952,610 Equity Accumulated Surplus 1,097,072,9621,137,075,8871,170,478,1521,201,499,2531,212,519,1511,229,467,7721,242,484,6301,256,142,5471,270,542,9381,288,670,032 Revaluation Reserves 826,282,578826,282,578826,282,578826,282,578826,282,578826,282,578826,282,578826,282,578826,282,578826,282,578 Total equity 1,923,355,5401,963,358,4651,996,760,7302,027,781,8312,038,801,7292,055,750,3502,068,767,2072,082,425,1252,096,825,5152,114,952,610
Appendix 3 - Budgeted cash flow statement
Cash Flows from Operating Activities
34 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
Budget 2023/24 Budget 2024/25 Budget 2025/26 Budget 2026/27 Budget 2027/28 Budget 2028/29 Budget 2029/30 Budget 2030/31 Budget 2031/32 Budget 2032/33
Receipts: Rates & Annual Charges 79,486,55282,472,31385,499,84688,399,26191,387,54794,480,23097,681,055100,993,905104,422,804107,971,926 User Charges & Fees 32,286,11633,836,13534,858,10535,936,41837,020,14338,120,49439,246,53740,357,32141,495,39642,670,248 Investment and Interest Revenue 4,916,7045,268,7816,380,4958,083,2099,236,03810,019,58611,169,89712,386,99813,770,73415,434,584 Grants & Contributions 57,321,49648,122,52942,679,26238,597,39126,824,17026,590,96925,309,77725,588,68825,800,75526,347,921 Other 4,158,0444,719,7704,678,0484,713,7064,953,6504,768,3874,894,2744,953,9695,063,4134,733,880 Payments: Employee Benefits & On-Costs (56,172,711)(58,459,540)(60,893,654)(63,401,249)(66,007,147)(68,715,282)(71,529,742)(74,454,781)(77,494,821)(80,654,463) Materials & Services (40,965,534)(42,428,963)(40,591,300)(41,105,205)(42,172,335)(43,327,759)(44,382,715)(46,117,929)(47,354,623)(48,582,984) Borrowing Costs (3,363,314)(3,755,290)(4,114,182)(3,996,306)(3,776,812)(3,327,136)(2,953,289)(2,673,097)(2,429,939)(2,108,962) Other (1,954,429)(2,002,582)(2,049,111)(2,100,171)(2,152,741)(2,206,847)(2,261,886)(2,318,574)(2,376,958)(2,432,756) Net Cash provided/(used in) Operating Activities 75,712,92567,773,15466,447,51065,127,05355,312,51356,402,64357,173,90858,716,50160,896,76163,379,395 Cash Flows from Investing Activities Receipts: Sale of Investments 29,123,41419,801,15911,330,59915,875,19411,907,30413,108,33113,155,77011,341,0188,767,63710,066,277 Sale of Infrastructure, Property, Plant & Equipment 1,490,575604,2501,043,5001,558,1751,101,500914,0501,285,375910,000910,000910,000 Payments: Purchase of Investments (10,000,000)(10,000,000)(20,000,000)(20,000,000)(30,000,000)(20,000,000)(35,000,000)(35,000,000)(35,000,000)(35,000,000) Purchase of Infrastructure, Property, Plant & Equipment (92,692,049)(77,590,875)(51,553,619)(54,244,593)(26,974,468)(40,521,545)(29,622,157)(29,734,489)(26,418,726)(30,484,813) Net Cash provided/(used in) Investing Activities (72,078,060)(67,185,466)(59,179,521)(56,811,225)(43,965,664)(46,499,164)(50,181,012)(52,483,471)(51,741,089)(54,508,535)
Appendix 3 - Budgeted cash flow statement (cont)
35 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
Budget 2023/24 Budget 2024/25 Budget 2025/26 Budget 2026/27 Budget 2027/28 Budget 2028/29 Budget 2029/30 Budget 2030/31 Budget 2031/32 Budget 2032/33 Cash Flows from Financing Activities Receipts: Proceeds from Borrowings & Advances 10,609,63510,425,3675,052,0274,078,217670,0752,134,7061,151,6361,174,668 0 0 Payments: Repayment of Borrowings & Advances (7,523,436)(9,662,015)(9,288,016)(9,679,003)(9,440,359)(9,848,755)(4,880,615)(3,812,914)(5,238,052)(4,821,859) Principal Repayment of Lease Liabilities (364,766)(351,473)(361,557)(277,960) 0 0 0 0 0 0 Net Cash provided/(used in) in Financing Activities 2,721,433411,880(4,597,547)(5,878,746)(8,770,284)(7,714,049)(3,728,979)(2,638,246)(5,238,052)(4,821,859) Net Increase/(Decrease) in Cash & Cash Equivalents 6,356,298999,5682,670,4422,437,0832,576,5652,189,4303,263,9173,594,7843,917,6204,049,000 plus: Cash & Cash Equivalentsbeginning of year 16,639,18322,995,48123,995,04926,665,49129,102,57431,679,13933,868,56937,132,48640,727,27044,644,890 Cash & Cash Equivalents - end of the year 22,995,48123,995,04926,665,49129,102,57431,679,13933,868,56937,132,48640,727,27044,644,89048,693,891 Cash & Cash Equivalents - end of the year 22,995,48123,995,04926,665,49129,102,57431,679,13933,868,56937,132,48640,727,27044,644,89048,693,891 Investments - end of the year 154,026,313160,721,529178,608,451194,932,307212,190,429226,855,476248,717,561272,795,825299,036,484326,157,143 Cash, Cash Equivalents & Investments - end of the year 177,021,794184,716,578205,273,942224,034,881243,869,568260,724,045285,850,047313,523,095343,681,374374,851,034
Appendix 4 - Financial sustainability indicators
36 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
Actuals 2021/22 Budget 2023/24 Budget 2024/25 Budget 2025/26 Budget 2026/27 Budget 2027/28 Budget 2028/29 Budget 2029/30 Budget 2030/31 Budget 2031/32 Budget 2032/33 -4.67% Operating Performance Ratio -8.42%-8.03%-4.76%-2.79%-1.58%-0.51%0.36%1.15%2.26%3.33% Office of Local Government Benchmark >= 0.00% Revenue from Continuing Operations excluding Capital Grants & Contributions less Operating Expenses (11,418,987)(11,264,360)(6,941,999)(4,228,810)(2,486,892)(827,645)600,0732,011,4124,078,5036,221,422 Revenue from Continuing Operations excluding Capital Grants & Contributions 135,679,317140,352,947145,771,933151,748,064157,314,330162,496,267168,210,352174,317,188180,647,703186,916,010 54.69% Own Source Operating Revenue Ratio 67.92%72.81%75.69%78.21%84.75%84.68%85.88%86.11%86.47%86.62% Office of Local Government Benchmark >= 60.00% Revenue from Continuing Operations excluding all Grants & Contributions 121,787,629126,218,760131,432,635137,222,583142,514,757147,576,102153,112,578158,897,981164,971,623170,926,654 Revenue from Continuing Operations 179,309,895173,363,486173,647,379175,443,680168,153,367174,266,139178,278,775184,530,619190,789,867197,329,675 2.12 Unrestricted Current Ratio 2.002.122.382.542.823.213.603.814.144.40 Office of Local Government Benchmark >= 1.50 Current Assets less all External Restrictions 75,783,97776,529,39481,912,06087,093,14791,051,01296,621,265104,182,977112,935,210122,338,835132,126,561 Current Liabilities less Specific Purpose Liabilities 37,840,63136,122,99834,487,26234,341,31932,235,53530,138,72728,941,08229,653,63629,559,85330,038,480 3.51 Debt Service Cover Ratio 3.442.873.283.423.683.785.847.087.348.44 Office of Local Government Benchmark >= 2.00 Operating Result before Capital excluding Interest and Depreciation 36,235,90337,368,95942,391,26745,084,43446,897,32348,156,63549,954,78451,288,93153,329,05955,151,000 Principal Repayments plus Borrowing Costs 10,544,99313,026,20712,916,63613,198,57712,758,23612,731,6908,555,7157,242,5457,261,9526,534,398 12.92 Interest Cover Ratio 11.9911.1111.6812.8114.1316.7019.8022.7426.3532.20 NSW TCorp Benchmark >= 3.00 Operating Result before Interest and Depreciation (EBITA) 36,235,90337,368,95942,391,26745,084,43446,897,32348,156,63549,954,78451,288,93153,329,05955,151,000 Borrowing Interest Costs 3,021,5573,364,1923,628,6203,519,5743,317,8772,882,9352,523,4642,254,9632,023,9011,712,539
Appendix 4 - Financial sustainability indicators (cont)
37 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL Actuals 2021/22 Budget 2023/24 Budget 2024/25 Budget 2025/26 Budget 2026/27 Budget 2027/28 Budget 2028/29 Budget 2029/30 Budget 2030/31 Budget 2031/32 Budget 2032/33 6.01% Rates, Annual Charges, Interest & Extra Charges Outstanding Percentage 5.14%5.13%5.13%5.13%5.13%5.13%5.13%5.13%5.13%5.13% Wagga Wagga City Council Organisational Target <= 5.00% Office of Local Government Benchmark <= 10.00% (Regional) Rates, Annual & Extra Charges Outstanding 4,326,6084,484,9644,649,6304,806,6444,969,1395,137,3105,311,3635,491,5075,677,9625,870,954 Rates, Annual & Extra Charges Collectible 84,256,14387,420,47490,632,63093,711,00996,883,610100,166,269103,563,163107,079,056110,718,228114,485,114 96.02% Infrastructure Renewals Ratio 152.85%139.81%90.35%98.87%58.77%71.59%62.73%64.85%63.48%75.83% Office of Local Government Benchmark >= 100.00% Asset Renewals (Building & Infrastructure Assets) 48,225,04544,641,65629,041,24531,872,37019,021,00123,195,37920,374,06621,064,33820,617,27724,631,105 Depreciation of Building and Infrastructure Assets 31,549,96731,930,21332,142,15832,237,36232,364,01432,398,42532,479,43632,480,18632,480,18632,480,186
Appendix 5 - Budgeted external restrictions
* Unexpended Grants are also classified as externally restricted funds - however these are not shown in this table
38 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
Reserve name Estimated closing balance 2022/23 Closing balance 2023/24 Closing balance 2024/25 Closing balance 2025/26 Closing balance 2026/27 Closing balance 2027/28 Closing balance 2028/29 Closing balance 2029/30 Closing balance 2030/31 Closing balance 2031/32 Closing balance 2032/33 Sewer Reserve 29,922,57630,409,38533,301,77241,214,08649,792,89959,700,22370,195,02281,782,72794,213,485107,394,162121,600,458 Solid Waste Reserve 20,664,72519,549,37522,060,40724,530,95427,428,56233,399,58533,586,08536,040,21540,695,91848,807,72857,213,205 Stormwater Levy Reserve 4,463,5511,164,4311,765,5882,373,4472,987,9923,714,7234,448,1085,188,1295,934,7696,688,0117,447,836 Section 7.11 Developer Contributions 29,534,31523,877,34112,243,04710,595,0836,151,2153,542,476(742,680)(120,652)1,439,9092,832,756821,775 Section 7.12 Developer Contributions 306,366334,503362,599390,651442,944686,107982,4551,278,7561,579,6851,880,6142,181,544 S94 (Old Plan 1993-2004) Developer Contributions 180,16179,31863,61147,77631,80815,709 (529) (529) (529) (529) (529) S64 Developer Contributions (Stormwater) 7,617,6177,263,9967,975,0158,701,7039,443,82210,201,12610,021,16810,808,02411,828,02412,868,02413,928,024 Total92,689,31182,678,34977,772,03987,853,69996,279,243111,259,949118,489,629134,976,670155,691,261180,470,766203,192,313
Appendix 6 - Budgeted internal restrictions
39 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
Reserve name Estimated closing balance 2022/23 Closing balance 2023/24 Closing balance 2024/25 Closing balance 2025/26 Closing balance 2026/27 Closing balance 2027/28 Closing balance 2028/29 Closing balance 2029/30 Closing balance 2030/31 Closing balance 2031/32 Closing balance 2032/33 Additional Special Variation (ASV) Reserve 630,214934,841 0 0 0 59,58686,585547,8301,061,8451,458,5521,458,552 Airport Reserve 0 0 0 0 0 0 0 123,2201,056,5512,143,5913,233,383 Art Gallery Reserve 3,8043,8043,8043,8043,8043,8043,8043,8043,8043,8043,804 Bridge Replacement Reserve 236,805236,805236,805236,805236,805236,805236,805236,805236,805236,805236,805 Buildings Reserve 853,832631,501613,988596,285578,390560,301542,012547,512553,012558,512564,012 CCTV Reserve 40,21127,73527,73527,73527,73527,73527,73527,73527,73527,73527,735 Cemetery Reserve 1,063,4211,304,0061,468,3651,147,8471,345,6841,588,2871,845,1062,114,1652,395,3622,688,5692,993,629 Civic Theatre Reserve 127 127 127 12712,12762,127112,127162,127212,127262,127312,127 Civil Infrastructure Reserve 8,044,9406,069,3505,387,7914,938,3374,482,8663,796,0903,327,8943,394,4023,244,4023,319,4023,394,402 Community Works Reserve 6,7766,7766,7766,7766,7766,7766,7766,7766,7766,7766,776 Council Election Reserve 299,146416,71244,206171,624298,965426,22673,608200,702327,709454,626581,451 Economic Development Reserve 9,3289,3289,3289,3289,3289,3289,3289,3289,3289,3289,328 Emergency Events Reserve 1,034,8101,126,6171,202,9021,313,8681,470,5071,560,6771,647,9651,718,8461,792,0121,869,3081,946,605 Employee Leave Entitlements General Fund Reserve 3,453,6553,453,6553,453,6553,453,6553,453,6553,453,6553,453,6553,453,6553,453,6553,453,6553,453,655 Environmental Conservation Reserve 75,00075,00075,00075,00075,00075,00075,00075,00075,00075,00075,000 Event Attraction Reserve 281,644281,644281,644281,644281,644281,644281,644281,644281,644281,644281,644 Grant Co-Funding Reserve 500,000500,000500,000500,000500,000500,000500,000500,000500,000500,000500,000 Gravel Pit Restoration Reserve 813,564800,231796,897793,564780,231776,897773,564760,231756,897753,564740,231 Information Services Reserve 2,162,9901,256,229935,308754,612649,464843,4551,342,9011,867,5382,399,5202,420,1352,906,553 Insurance Variations Reserve 50,00050,00050,00050,00050,00050,00050,00050,00050,00050,00050,000 Internal Loans Reserve 4,194,7724,895,1125,318,0506,319,3067,269,8898,389,5679,488,78210,420,49710,546,80610,603,58010,659,390 Lake Albert Improvements Reserve 127,20588,828110,089131,295152,447173,928195,408216,889238,370259,850281,331 Library Reserve 171,724327,639488,972632,263743,769831,915900,873949,893978,461989,420984,984 Livestock Marketing Centre Reserve 3,169,0122,091,754782,0312,952,567382,2962,207,4812,793,6425,071,9287,412,3069,815,90912,283,865 Museum Acquisitions Reserve 14,3784,378 0 0 0 0 0 0 0 0 0
Appendix 6 - Budgeted internal restrictions (cont)
40 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
Reserve name Estimated closing balance 2022/23 Closing balance 2023/24 Closing balance 2024/25 Closing balance 2025/26 Closing balance 2026/27 Closing balance 2027/28 Closing balance 2028/29 Closing balance 2029/30 Closing balance 2030/31 Closing balance 2031/32 Closing balance 2032/33 Net Zero Emissions Reserve 72,790117,282213,966449,670740,1851,088,0931,498,6411,738,6151,738,6151,738,6151,738,615 Oasis Reserve 720,810548,160413,160294,434 (566)9,434 894 89411,89425,902170,902 Parks & Recreation Reserve 683,879821,742870,039761,268715,946704,611607,263575,021558,612528,797497,443 Parks Water Reserve 180,000330,000480,000630,000780,000930,0001,080,0001,230,0001,380,0001,530,0001,680,000 Planning Legals Reserve 100,000120,000140,000160,000180,000200,000220,000240,000260,000280,000300,000 Plant Replacement Reserve 2,400,9842,271,9912,409,3311,840,1133,653,3572,447,6712,988,1144,288,1694,660,1675,145,4895,749,275 Public Art Reserve 69,66739,66739,6679,6679,6679,6679,6679,6679,6679,6679,667 Sister Cities Reserve 33,00033,00033,00033,00033,00033,00033,00033,00033,00033,00033,000 SRV Levee Reserve 6,299,7626,299,7623,695,4273,695,4273,695,4273,695,4273,695,4273,695,4273,695,4273,695,4273,695,427 Stormwater Drainage Reserve 110,178110,178110,178110,178110,178110,17880,57880,57880,57880,57880,578 Strategic Real Property Reserve 2,378,0322,378,0322,378,0322,378,0322,378,0322,378,0322,378,0322,378,0322,378,0322,378,0322,378,032 Subdivision Tree Planting Reserve 348,640328,640308,640328,640348,640368,640388,640408,640428,640448,640468,640 Unexpended External Loans Reserve 160,16591,98973,97373,97357,98857,98857,98857,98857,98857,98857,988 Workers Compensation Reserve 160,149135,149135,149135,149135,149135,149135,149135,149135,149135,149135,149 Total40,955,41538,217,66433,094,03335,295,99335,648,38438,089,17440,948,60747,611,70653,047,89658,329,17763,979,975
Appendix 7 - External loan projects and debt servicing
41 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
Borrow year Capital project Amount Borrowed 2023/242024/252025/262026/272027/282028/292029/302030/312031/322032/33Totals General Fund Debt Servicing 2013/14 Soccer Development City Wide Strategy (LIRS) - 5.39% - 10 years 473,500 Interest 2,021 - - - - - - - - - 2,021 Principal 59,531 - - - - - - - - - 59,531 2014/15 Soccer Development City Wide Strategy (LIRS) - 4.19% - 10 years 360,155 Interest 2,898 1,145 - - - - - - - - 4,043 Principal 41,389 43,142 - - - - - - - - 84,531 105,839 44,287 - - - - - - - - 150,126 2017/18 Equex Multi Purpose Stadium Facility - 3.55% - 15 years 1,000,000 Interest 24,875 22,666 20,377 18,007 15,551 13,007 10,371 7,640 4,811 1,881 139,185 Principal 61,399 63,607 65,896 68,266 70,722 73,267 75,902 78,633 81,462 84,392 723,546 86,273 86,273 86,273 86,273 86,273 86,273 86,273 86,273 86,273 86,273 862,731 2018/19 Robertson Oval - 3.17% - 8 years 2,470,939 Interest 38,082 28,090 17,502 6,849 - - - - - - 90,523 Principal 312,904 322,895 333,484 344,137 - - - - - - 1,313,421 350,986 350,986 350,986 350,986 - - - - - - 1,403,944 2018/19 Develop Botanic Gardens & Zoo3.17% - 8 years 73,913 Interest 1,139 840 524 205 - - - - - - 2,708 Principal 9,360 9,659 9,976 10,294 - - - - - - 39,288 10,499 10,499 10,499 10,499 - - - - - - 41,996 2013/14 RRL Headquarters - $12K per year for 10 years 120,000 Principal 12,000 - - - - - - - - - 12,000 12,000 - - - - - - - - - 12,000
Appendix 7 - External loan projects and debt servicing (cont)
42 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
Borrow year Capital project Amount Borrowed 2023/242024/252025/262026/272027/282028/292029/302030/312031/322032/33Totals 2013/14 Implement Animal Shelter Expansion (LIRS) - 5.39% - 10 years 117,870 Interest 503 - - - - - - - - - 503 Principal 14,819 - - - - - - - - - 14,819 2014/15 Implement Animal Shelter Expansion (LIRS) - 4.19% - 10 years 542,130 Interest 4,362 1,724 - - - - - - - - 6,086 Principal 62,302 64,940 - - - - - - - - 127,242 81,986 66,664 - - - - - - - - 148,649 2013/14 Rehabilitation Lakeside Drive (LIRS)5.39% - 10 years 523,630 Interest 2,235 - - - - - - - - - 2,235 Principal 65,834 - - - - - - - - - 65,834 2014/15 Rehabilitation Lakeside Drive (LIRS)4.19% - 10 years 112,370 Interest 904 357 - - - - - - - - 1,261 Principal 12,914 13,460 - - - - - - - - 26,374 81,886 13,818 - - - - - - - - 95,704 2017/18 RIFL Stage 1 - 3.55% - 15 years 2,915,980 Interest 72,534 66,093 59,420 52,507 45,346 37,927 30,241 22,279 14,030 5,484 405,861 Principal 179,037 185,478 192,151 199,063 206,225 213,644 221,330 229,292 237,541 246,086 2,109,846 251,571 251,571 251,571 251,571 251,571 251,571 251,571 251,571 251,571 251,571 2,515,707 2021/22 RIFL Stage 2B Terminal Upgrade4.71% - 10 years 4,457,000 Interest 186,043 168,570 149,730 129,987 110,148 87,402 64,735 41,108 16,193 - 953,915 Principal 375,532 393,004 411,844 431,588 451,426 474,172 496,840 520,467 545,381 - 4,100,254 561,574 561,574 561,574 561,574 561,574 561,574 561,574 561,574 561,574 - 5,054,169 2017/18 Footpath Construction Program3.26% - 10 years 1,000,000 Interest 16,391 13,052 9,602 6,039 2,357 - - - - - 47,441 Principal 101,196 104,536 107,985 111,549 115,230 - - - - - 540,496 117,587 117,587 117,587 117,587 117,587 - - - - - 587,937
Appendix 7 - External loan projects and debt servicing (cont)
43 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
Borrow year Capital project Amount Borrowed 2023/242024/252025/262026/272027/282028/292029/302030/312031/322032/33Totals 2018/19 Wiradjuri Boat Ramp - 3.17% - 8 years 311,620 Interest 4,803 3,543 2,207 864 - - - - - - 11,416 Principal 39,462 40,722 42,057 43,400 - - - - - - 165,641 44,264 44,264 44,264 44,264 - - - - - - 177,057 2018/19 Replace Substation Jubilee Park3.17% - 8 years 246,870 Interest 3,805 2,807 1,749 684 - - - - - - 9,044 Principal 31,262 32,260 33,318 34,382 - - - - - - 131,223 35,067 35,067 35,067 35,067 - - - - - - 140,267 2018/19 Replace Bridge Over Model Railway at Botanic Gardens - 3.17% - 8 years 39,192 Interest 604 446 278 109 - - - - - - 1,436 Principal 4,963 5,122 5,290 5,458 - - - - - - 20,833 5,567 5,567 5,567 5,567 - - - - - - 22,268 2018/19 Upgrade Docker Street Pedestrian Rail Crossing - 3.17% - 8 years 299,885 Interest 4,622 3,409 2,124 831 - - - - - - 10,986 Principal 37,975 39,188 40,473 41,766 - - - - - - 159,403 42,597 42,597 42,597 42,597 - - - - - - 170,389 2018/19 Upgrade Tarcutta Main Street - 3.17% - 8 Years 221,739 Interest 3,417 2,521 1,571 615 - - - - - - 8,123 Principal 28,080 28,976 29,927 30,882 - - - - - - 117,865 31,497 31,497 31,497 31,497 - - - - - - 125,988 2018/19 Upgrade Civic Theatre Sound Systems - 3.17% - 8 years 127,131 Interest 1,959 1,445 900 352 - - - - - - 4,657 Principal 16,099 16,613 17,158 17,706 - - - - - - 67,576 18,058 18,058 18,058 18,058 - - - - - - 72,233 2018/19 Equestrian Audit Recommendations3.17% - 8 years 184,783 Interest 2,848 2,101 1,309 512 - - - - - - 6,770 Principal 23,400 24,147 24,939 25,735 - - - - - - 98,221 26,248 26,248 26,248 26,248 - - - - - - 104,990
Appendix 7 - External loan projects and debt servicing (cont)
44 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
Borrow year Capital project Amount Borrowed 2023/242024/252025/262026/272027/282028/292029/302030/312031/322032/33Totals 2018/19 Building Infrastructure - 3.17% - 8 years 1,888,006 Interest 29,098 21,463 13,373 5,233 - - - - - - 69,167 Principal 239,085 246,719 254,810 262,950 - - - - - - 1,003,564 268,183 268,183 268,183 268,183 - - - - - - 1,072,732 2019/20 Farrer Road Upgrade - 2.11% - 10 years 251,569 Interest 4,136 3,640 3,122 2,594 2,070 1,500 937 365 - - 18,364 Principal 23,837 24,333 24,851 25,379 25,903 26,473 27,036 27,608 - - 205,420 27,973 27,973 27,973 27,973 27,973 27,973 27,973 27,973 - - 223,785 2019/20 Street Lighting Upgrades - 1.52% - 6 years 1,500,000 Interest 10,230 6,426 2,464 - - - - - - - 19,120 Principal 251,826 255,629 259,591 - - - - - - - 767,046 2020/21 Street Lighting Upgrades - 1.04% - 5 years 692,966 Interest 3,821 2,383 921 - - - - - - - 7,126 Principal 138,592 140,030 141,492 - - - - - - - 420,113 404,469 404,468 404,468 - - - - - - - 1,213,405 2020/21 Bolton Park Amenities - 2.11% - 10 years 251,112 Interest 4,129 3,633 3,117 2,589 2,066 1,497 936 365 - - 18,331 Principal 23,794 24,289 24,806 25,333 25,856 26,425 26,987 27,558 - - 205,047 27,922 27,922 27,922 27,922 27,922 27,922 27,922 27,922 - - 223,378 2021/22 Dunns Road Upgrade - 4.71% - 10 years 1,317,316 Interest 54,987 49,823 44,254 38,419 32,555 25,833 19,133 12,150 4,786 - 281,940 Principal 110,993 116,157 121,725 127,561 133,424 140,147 146,847 153,830 161,193 - 1,211,876 2023/24 Dunns Road Upgrade - 6% - 10 years 1,182,684 Interest - 70,961 65,577 59,871 53,822 47,410 40,613 33,408 25,771 17,676 415,109 Principal - 89,728 95,111 100,818 106,867 113,279 120,076 127,281 134,917 143,013 1,031,091 165,980 326,668 326,668 326,668 326,668 326,668 326,668 326,668 326,668 160,689 2,940,016
Appendix 7 - External loan projects and debt servicing (cont)
45 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
Borrow year Capital project Amount Borrowed 2023/242024/252025/262026/272027/282028/292029/302030/312031/322032/33Totals 2020/21 Jubilee Park Synthetic Hockey Fields Replace - 2.11% - 10 years 30,000 Interest 493 434 372 309 247 179 112 44 - - 2,190 Principal 2,843 2,902 2,963 3,027 3,089 3,157 3,224 3,292 - - 24,497 2025/26 Jubilee Park Synthetic Hockey Fields Replace - 6% - 10 years 195,000 Interest - - - 11,700 10,812 9,871 8,874 7,817 6,696 5,508 61,279 Principal - - - 14,794 15,682 16,623 17,620 18,677 19,798 20,986 124,181 3,336 3,336 3,336 29,830 29,830 29,830 29,830 29,830 26,494 26,494 212,146 2022/23 Lawn Cemetery Master Plan Works5.8% - 10 years 75,000 Interest 4,350 4,017 3,664 3,292 2,897 2,480 2,038 1,571 1,076 553 25,938 Principal 5,744 6,077 6,429 6,802 7,197 7,614 8,056 8,523 9,017 9,540 75,000 2023/24 Lawn Cemetery Master Plan Works6% - 10 years 675,000 Interest - 40,500 37,427 34,170 30,718 27,058 23,179 19,067 14,709 10,089 236,918 Principal - 51,211 54,284 57,541 60,993 64,653 68,532 72,644 77,002 81,622 588,480 10,094 101,805 101,805 101,805 101,805 101,805 101,805 101,805 101,805 101,805 926,335 2026/27 Bolton Park Upgrade - 6% - 10 years 1,496,581 Interest - - - - 89,795 82,982 75,761 68,106 59,993 51,392 428,029 Principal - - - - 113,543 120,355 127,576 135,231 143,345 151,946 791,995 - - - - 203,337 203,337 203,337 203,337 203,337 203,337 1,220,024 2024/25 Glenfield Road Corridor Works - 6% - 10 years 4,465,917 Interest - - 267,955 247,626 226,077 203,235 179,023 153,357 126,152 97,315 1,500,740 Principal - - 338,820 359,149 380,698 403,540 427,752 453,418 480,623 509,460 3,353,460 2025/26 Glenfield Road Corridor Works - 6% - 10 years 4,084,802 Interest - - - 245,088 226,494 206,784 185,891 163,745 140,270 115,387 1,283,659 Principal - - - 309,906 328,500 348,210 369,103 391,249 414,724 439,607 2,601,297 2027/28 Glenfield Road Corridor Works - 6% - 10 years 670,075 Interest - - - - - 40,205 37,154 33,921 30,494 26,861 168,634 Principal - - - - - 50,837 53,887 57,121 60,548 64,181 286,574 - - 606,775 1,161,769 1,161,769 1,252,810 1,252,810 1,252,810 1,252,810 1,252,810 9,194,364
Appendix 7 - External loan projects and debt servicing (cont)
46 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
Borrow year Capital project Amount Borrowed 2023/242024/252025/262026/272027/282028/292029/302030/312031/322032/33Totals 2024/25 Establish 3 Local Parks at Lloyd - 6% - 10 years 2,401,850 Interest - - 144,111 133,178 121,588 109,303 96,282 82,478 67,847 52,338 807,125 Principal - - 182,223 193,157 204,746 217,031 230,053 243,856 258,487 273,997 1,803,551 - - 326,334 326,334 326,334 326,334 326,334 326,334 326,334 326,334 2,610,676 2025/26 Gregadoo Road Corridor Works - 6% - 10 years 772,225 Interest - - - 46,334 42,818 39,092 35,142 30,956 26,518 21,814 242,674 Principal - - - 58,587 62,102 65,829 69,778 73,965 78,403 83,107 491,771 2026/27 Gregadoo Road Corridor Works - 6% - 10 years 772,225 Interest - - - - 46,334 42,818 39,092 35,142 30,956 26,518 220,860 Principal - - - - 58,587 62,102 65,829 69,778 73,965 78,403 408,664 - - - 104,921 209,841 209,841 209,841 209,841 209,841 209,841 1,363,968 2028/29 Red Hill Road Upgrade - 6% - 10 years 2,134,706 Interest - - - - - - 128,082 118,365 108,065 97,146 451,658 Principal - - - - - - 161,956 171,673 181,974 192,892 708,494 2029/30 Red Hill Road Upgrade - 6% - 10 years 1,151,636 Interest - - - - - - - 69,098 63,856 58,299 191,253 Principal - - - - - - - 87,372 92,615 98,171 278,158 2030/31 Red Hill Road Upgrade - 6% - 10 years 1,174,668 Interest - - - - - - - - 70,480 65,133 135,613 Principal - - - - - - - - 89,120 94,467 183,587 - - - - - - 290,038 446,509 606,108 606,108 1,948,763 Total general debt servicing 42,782,045 Interest 485,287 522,088 853,651 1,047,962 1,061,695 978,582 977,596 900,982 812,703 653,393 8,293,941 Principal 2,286,169 2,344,824 2,821,602 2,909,232 2,370,791 2,427,358 2,718,382 2,951,467 3,140,114 2,571,870 26,541,809 2,771,456 2,866,912 3,675,254 3,957,194 3,432,486 3,405,940 3,695,978 3,852,449 3,952,817 3,225,263 34,835,750
Appendix 7 - External loan projects and debt servicing (cont)
47 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
Borrow year Capital project Amount Borrowed 2023/242024/252025/262026/272027/282028/292029/302030/312031/322032/33Totals Low Cost Loans Initiative (LCLI) Debt Servicing (Round 1) 2018/19 Estella Neighbourhood Open Space2.99% - 10 years 31,816 Interest 571 475 378 280 174 68 - - - - 1,947 Principal 3,122 3,218 3,315 3,414 3,519 3,625 - - - - 20,215 3,694 3,694 3,694 3,694 3,694 3,694 - - - - 22,161 2018/19 Farrer Road Improvements - 2.99%10 years 1,700,000 Interest 30,524 25,397 20,206 14,944 9,302 3,640 - - - - 104,011 Principal 166,829 171,956 177,147 182,409 188,051 193,713 - - - - 1,080,107 2019/20 Farrer Road Improvements - 2.05% - 9 years 4,458,856 Interest 59,078 49,366 38,738 28,422 17,813 6,901 - - - - 200,318 Principal 484,754 494,466 505,094 515,409 526,019 536,931 - - - - 3,062,673 741,185 741,185 741,185 741,185 741,185 741,185 - - - - 4,447,109 2018/19 SPS23 Ashmont New Pump Station and Rising Main - 2.99% - 10 years 191,286 Interest 3,435 2,858 2,274 1,681 1,047 410 - - - - 11,704 Principal 18,772 19,349 19,933 20,525 21,160 21,797 - - - - 121,535 2020/21 SPS23 Ashmont New Pump Station and Rising Main - 1.7% - 8 years 1,389,499 Interest 16,897 14,045 11,101 8,106 5,094 1,960 - - - - 57,204 Principal 169,251 172,103 175,048 178,042 181,054 184,188 - - - - 1,059,686 208,355 208,355 208,355 208,355 208,355 208,355 - - - - 1,250,128 2018/19 Red Hill Road Upgrade - 2.99% - 10 years 4,501 Interest 81 67 53 40 25 10 - - - - 275 Principal 442 455 469 483 498 513 - - - - 2,859 2019/20 Red Hill Road Upgrade - 2.05% - 9 years 3,533 Interest 47 39 31 23 14 5 - - - - 159 Principal 384 392 400 408 417 425 - - - - 2,427 2020/21 Red Hill Road Upgrade - 1.7% - 8 years 11,563 Interest 141 117 92 67 42 16 - - - - 476 Principal 1,408 1,432 1,457 1,482 1,507 1,533 - - - - 8,818
Appendix 7 - External loan projects and debt servicing (cont)
48 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
Borrow year Capital project Amount Borrowed 2023/242024/252025/262026/272027/282028/292029/302030/312031/322032/33Totals 2021/22 Red Hill Road Upgrade - 4.43% - 7 years 76,068 Interest 2,779 2,340 1,874 1,386 883 343 - - - - 9,606 Principal 9,921 10,360 10,827 11,315 11,818 12,358 - - - - 66,599 15,203 15,203 15,203 15,203 15,203 15,203 - - - - 91,220 2018/19 Exhibition Centre Kooringal Road Exit - 2.99% - 10 years 50,000 Interest 898 747 594 440 274 107 - - - - 3,059 Principal 4,907 5,058 5,210 5,365 5,531 5,697 - - - - 31,768 2019/20 Exhibition Centre Kooringal Road Exit - 2.05% - 9 years 1,725,157 Interest 22,858 19,100 14,988 10,997 6,892 2,670 - - - - 77,505 Principal 187,554 191,312 195,424 199,415 203,520 207,742 - - - - 1,184,967 216,217 216,217 216,217 216,217 216,217 216,217 - - - - 1,297,299 2018/19 Forest Hill Sewer Treatment Works2.99% - 10 years 50,000 Interest 898 747 594 440 274 107 - - - - 3,059 Principal 4,907 5,058 5,210 5,365 5,531 5,697 - - - - 31,768 2020/21 Forest Hill Sewer Treatment Works1.5% - 8 years 299,153 Interest 3,638 3,024 2,390 1,745 1,097 422 - - - - 12,316 Principal 36,439 37,053 37,687 38,332 38,980 39,655 - - - - 228,146 2023/24 Forest Hill Sewer Treatment Works5.4% - 5 years 820,718 Interest - 44,319 36,362 27,976 19,136 9,820 - - - - 137,612 Principal - 147,347 155,304 163,690 172,530 181,846 - - - - 820,718 45,881 237,548 237,548 237,548 237,548 237,548 - - - - 1,233,619 2018/19 Pine Gully Road Corridor Works2.99% - 10 years 94,169 Interest 1,691 1,407 1,119 828 515 202 - - - - 5,762 Principal 9,241 9,525 9,813 10,104 10,417 10,731 - - - - 59,831 2022/23 Pine Gully Road Corridor Works5.5% - 6 years 577,886 Interest 31,784 27,169 22,301 17,165 11,747 6,031 - - - - 116,198 Principal 83,897 88,511 93,379 98,515 103,934 109,650 - - - - 577,886
Appendix 7 - External loan projects and debt servicing (cont)
49 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
Borrow year Capital project Amount Borrowed 2023/242024/252025/262026/272027/282028/292029/302030/312031/322032/33Totals 2018/19 Pine Gully Road Corridor Works2.99% - 10 years 25,000 Interest 449 373 297 220 137 54 - - - - 1,530 Principal 2,453 2,529 2,605 2,682 2,765 2,849 - - - - 15,884 2024/25 Pine Gully Road Corridor Works5.3% - 4 years 928,174 Interest - - 49,193 37,831 25,866 13,267 - - - - 126,156 Principal - - 214,389 225,752 237,717 250,316 - - - - 928,174 2026/27 Pine Gully Road Corridor Works5.1% - 2 years 546,826 Interest - - - - 27,888 14,291 - - - - 42,179 Principal - - - - 266,614 280,212 - - - - 546,826 2018/19 Pine Gully Road Corridor Works2.99% - 10 years 30,000 Interest 539 448 357 264 164 64 - - - - 1,835 Principal 2,944 3,035 3,126 3,219 3,319 3,418 - - - - 19,061 2021/22 Pine Gully Road Corridor Works4.43% - 7 years 96,510 Interest 3,526 2,969 2,377 1,759 1,120 435 - - - - 12,187 Principal 12,588 13,144 13,737 14,355 14,994 15,679 - - - - 84,497 2018/19 Pine Gully Road Corridor Works2.99% - 10 years 25,000 Interest 449 373 297 220 137 54 - - - - 1,530 Principal 2,453 2,529 2,605 2,682 2,765 2,849 - - - - 15,884 2026/27 Pine Gully Road Corridor Works5.1% - 2 years 882,585 Interest - - - - 45,012 23,066 - - - - 68,077 Principal - - - - 430,319 452,266 - - - - 882,585 2018/19 Pine Gully Road Corridor Works2.99% - 10 years 75,000 Interest 1,347 1,120 891 659 410 161 - - - - 4,589 Principal 7,360 7,586 7,815 8,047 8,296 8,546 - - - - 47,652 2023/24 Pine Gully Road Corridor Works5.4% - 5 years 1,293,827 Interest - 69,867 57,323 44,102 30,168 15,480 - - - - 216,940 Principal - 232,287 244,830 258,051 271,986 286,673 - - - - 1,293,827 160,721 462,874 726,456 726,457 1,451,278 1,473,226 - - - - 5,069,089
Appendix 7 - External loan projects and debt servicing (cont)
50 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
Borrow year Capital project Amount Borrowed 2023/242024/252025/262026/272027/282028/292029/302030/312031/322032/33Totals 2020/21 Northern Sporting Precinct - 1.7% - 8 years 1,020,146 Interest 12,406 10,312 8,150 5,951 3,740 1,439 - - - - 41,998 Principal 124,261 126,355 128,517 130,716 132,927 135,228 - - - - 778,003 2021/22 Northern Sporting Precinct - 4.43% - 7 years 300,000 Interest 10,962 9,231 7,390 5,467 3,481 1,353 - - - - 37,883 Principal 39,128 40,859 42,700 44,623 46,609 48,737 - - - - 262,657 2023/24 Northern Sporting Precinct - 5.4% - 5 years 2,629,427 Interest - 141,989 116,497 89,629 61,309 31,461 - - - - 440,884 Principal - 472,073 497,565 524,434 552,753 582,602 - - - - 2,629,427 2024/25 Northern Sporting Precinct - 5.3% - 4 years 2,629,427 Interest - - 139,360 107,170 73,275 37,583 - - - - 357,389 Principal - - 607,344 639,533 673,429 709,120 - - - - 2,629,427 186,757 800,819 1,547,523 1,547,523 1,547,523 1,547,523 - - - - 7,177,668 Total Low Cost Loans Initiative (LCLI) Debt Servicing (Round 1) 21,966,127 Interest 204,995 427,901 535,228 407,811 347,033 171,418 - - - - 2,094,386 Principal 1,373,016 2,257,993 3,160,952 3,288,369 4,118,980 4,294,597 - - - - 18,493,907 1,578,012 2,685,893 3,696,180 3,696,180 4,466,014 4,466,015 - - - - 20,588,293 Low Cost Loans Initiative (LCLI) Debt Servicing (Round 2) 2019/20 Pomingalarna Cycling Complex2.19% - 10 years 65,000 Interest 977 844 695 552 405 253 98 - - - 3,825 Principal 6,279 6,412 6,561 6,704 6,851 7,003 7,158 - - - 46,966 2020/21 Pomingalarna Cycling Complex1.92% - 9 years 1,337,132 Interest 19,273 16,560 13,744 10,874 8,007 4,958 1,922 - - - 75,338 Principal 142,874 145,586 148,402 151,272 154,139 157,189 160,224 - - - 1,059,685 2021/22 Pomingalarna Cycling Complex4.53% - 8 years 555,318 Interest 21,392 18,607 15,633 12,522 9,335 5,848 2,296 - - - 85,632 Principal 61,765 64,550 67,524 70,635 73,821 77,308 80,861 - - - 496,463 252,559 252,559 252,559 252,559 252,559 252,559 252,559 - - - 1,767,910
Appendix 7 - External loan projects and debt servicing (cont)
51 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
Borrow year Capital project Amount Borrowed 2023/242024/252025/262026/272027/282028/292029/302030/312031/322032/33Totals 2021/22 SPS15 Hammond Avenue - 4.53%8 years 63,326 Interest 2,439 2,122 1,783 1,428 1,065 667 262 - - - 9,765 Principal 7,043 7,361 7,700 8,055 8,418 8,816 9,221 - - - 56,614 9,483 9,483 9,483 9,483 9,483 9,483 9,483 - - - 66,379 2019/20 Village Community Priorities - 2.19% - 10 years 20,000 Interest 301 260 214 170 125 78 30 - - - 1,177 Principal 1,932 1,973 2,019 2,063 2,108 2,155 2,202 - - - 14,451 2020/21 Village Community Priorities - 1.92% - 9 years 20,000 Interest 288 248 206 163 120 74 29 - - - 1,127 Principal 2,137 2,178 2,220 2,263 2,306 2,351 2,397 - - - 15,850 4,658 4,658 4,658 4,658 4,658 4,658 4,658 - - - 32,605 2020/21 Riverside Beach Landscape Upgrade Stage 2 - 1.92% - 9 years 150,000 Interest 2,162 1,858 1,542 1,220 898 556 216 - - - 8,452 Principal 16,028 16,332 16,648 16,970 17,291 17,633 17,974 - - - 118,876 2021/22 Riverside Beach Landscape Upgrade Stage 2 - 4.53% - 8 years 1,391,581 Interest 53,606 46,627 39,174 31,378 23,394 14,655 5,753 - - - 214,587 Principal 154,778 161,756 169,209 177,005 184,989 193,729 202,630 - - - 1,244,096 226,573 226,573 226,573 226,573 226,573 226,573 226,573 - - - 1,586,011 2019/20 Gregadoo Road Corridor Works2.19% - 10 years 171,000 Interest 2,571 2,220 1,829 1,453 1,066 665 259 - - - 10,062 Principal 16,518 16,869 17,260 17,636 18,022 18,423 18,830 - - - 123,558 2020/21 Gregadoo Road Corridor Works1.92% - 9 years 88,085 Interest 1,270 1,091 905 716 528 327 127 - - - 4,963 Principal 9,412 9,591 9,776 9,965 10,154 10,355 10,555 - - - 69,808 2023/24 Gregadoo Road Corridor Works5.5% - 6 years 1,693,040 Interest - 93,117 79,599 65,336 50,290 34,416 17,668 - - - 340,426 Principal - 245,794 259,312 273,575 288,621 304,495 321,243 - - - 1,693,040 29,770 368,681 368,681 368,681 368,681 368,681 368,681 - - - 2,241,857
Appendix 7 - External loan projects and debt servicing (cont)
52 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
Borrow year Capital project Amount Borrowed 2023/242024/252025/262026/272027/282028/292029/302030/312031/322032/33Totals 2019/20 Ashmont SPS Rising Main & Gravity Main Upgrade - 2.19% - 10 years 2,766 Interest 42 36 30 24 17 11 4 - - - 163 Principal 267 273 279 285 292 298 305 - - - 1,999 2020/21 Ashmont SPS Rising Main & Gravity Main Upgrade - 1.92% - 9 years 43,309 Interest 624 536 445 352 259 161 62 - - - 2,440 Principal 4,628 4,715 4,807 4,900 4,992 5,091 5,190 - - - 34,323 2022/23 Ashmont SPS Rising Main & Gravity Main Upgrade - 5.6% - 7 years 608,596 Interest 34,081 29,971 25,631 21,048 16,208 11,097 5,699 - - - 143,735 Principal 73,394 77,505 81,845 86,428 91,268 96,379 101,776 - - - 608,596 113,037 113,037 113,037 113,037 113,037 113,037 113,037 - - - 791,256 2019/20 Stormwater Drainage Jubilee to Red Hill Road - 2.19% - 10 years 5,000 Interest 75 65 53 42 31 19 8 - - - 294 Principal 483 493 505 516 527 539 551 - - - 3,613 2020/21 Stormwater Drainage Jubilee to Red Hill Road - 1.92% - 9 years 38,500 Interest 555 477 396 313 231 143 55 - - - 2,169 Principal 4,114 4,192 4,273 4,356 4,438 4,526 4,613 - - - 30,512 2021/22 Stormwater Drainage Jubilee to Red Hill Road - 4.53% - 8 years 57,482 Interest 2,214 1,926 1,618 1,296 966 605 238 - - - 8,864 Principal 6,393 6,682 6,990 7,312 7,641 8,002 8,370 - - - 51,390 2022/23 Stormwater Drainage Jubilee to Red Hill Road - 5.6% - 7 years 289,018 Interest 16,185 14,233 12,172 9,995 7,697 5,270 2,707 - - - 68,259 Principal 34,855 36,806 38,868 41,044 43,343 45,770 48,333 - - - 289,018 64,874 64,874 64,874 64,874 64,874 64,874 64,874 - - - 454,118 2020/21 Harris Road to Open Space (shared path) ROS13 - 1.92% - 9 years 350,000 Interest 5,045 4,335 3,598 2,846 2,096 1,298 503 - - - 19,720 Principal 37,398 38,108 38,845 39,596 40,347 41,145 41,939 - - - 277,377 42,442 42,442 42,442 42,442 42,442 42,442 42,442 - - - 297,097
Appendix 7 - External loan projects and debt servicing (cont)
53 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
Borrow year Capital project Amount Borrowed 2023/242024/252025/262026/272027/282028/292029/302030/312031/322032/33Totals 2023/24 Stormwater Drainage Kincaid to Flowerdale - 5.5% - 6 years 811,780 Interest - 44,648 38,166 31,328 24,113 16,502 8,472 - - - 163,228 Principal - 117,853 124,335 131,174 138,388 146,000 154,030 - - - 811,780 - 162,501 162,501 162,501 162,501 162,501 162,501 - - - 975,008 2023/24 Amundsen Bridge - 2.95% - 6 years 1,123,159 Interest - 61,774 52,806 43,344 33,362 22,831 11,721 - - - 225,838 Principal - 163,059 172,027 181,489 191,471 202,002 213,112 - - - 1,123,159 - 224,833 224,833 224,833 224,833 224,833 224,833 - - - 1,348,997 Total Low Cost Loans Initiative (LCLI) Debt Servicing (Round 2) 8,884,092 Interest 163,099 341,553 290,237 236,401 180,213 120,432 58,128 - - - 1,390,065 Principal 580,296 1,128,087 1,179,403 1,233,239 1,289,427 1,349,209 1,411,512 - - - 8,171,173 743,395 1,469,640 1,469,640 1,469,640 1,469,640 1,469,640 1,469,640 - - - 9,561,238 Airport Debt Servicing 2018/19 Airport Pavement Upgrade - 2.96% - 6 years 2,345,553 Interest 20,117 7,886 - - - - - - - - 28,003 Principal 408,082 420,312 - - - - - - - - 828,394 428,198 428,198 - - - - - - - - 856,397 2018/19 Develop Precinct 2A - 3.17% - 8 years 4,446,328 Interest 68,527 50,547 31,494 12,324 - - - - - - 162,892 Principal 563,055 581,034 600,088 619,257 - - - - - - 2,363,433 631,581 631,581 631,581 631,581 - - - - - - 2,526,324 2020/21 Airport - Various Projects - 2.11%10 years 728,103 Interest 11,971 10,535 9,037 7,507 5,990 4,341 2,713 1,057 - - 53,151 Principal 68,990 70,426 71,924 73,454 74,971 76,621 78,248 79,904 - - 594,538 2022/23 Airport - Various Projects - 5.8% - 10 years 1,648,875 Interest 95,635 88,311 80,562 72,364 63,690 54,513 44,804 34,532 23,664 12,165 570,238 Principal 126,277 133,601 141,349 149,548 158,221 167,398 177,107 187,380 198,248 209,746 1,648,875
Appendix 7 - External loan projects and debt servicing (cont)
54 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
Borrow year Capital project Amount Borrowed 2023/242024/252025/262026/272027/282028/292029/302030/312031/322032/33Totals 2023/24 Airport - Various Projects - 6% - 10 years 380,000 Interest - 22,800 21,070 19,237 17,293 15,233 13,049 10,734 8,280 5,679 133,376 Principal - 28,830 30,560 32,393 34,337 36,397 38,581 40,896 43,349 45,950 331,293 2026/27 Airport - Various Projects - 6% - 10 years 380,000 Interest - - - - 22,800 21,070 19,237 17,293 15,233 13,049 108,682 Principal - - - - 28,830 30,560 32,393 34,337 36,397 38,581 201,097 302,872 354,502 354,502 354,502 406,132 406,132 406,132 406,132 325,171 325,171 3,641,249 Total airport debt servicing 9,928,859 Interest 196,248 180,079 142,163 111,432 109,773 95,157 79,803 63,616 47,177 30,894 1,056,341 Principal 1,166,404 1,234,203 843,921 874,651 296,359 310,976 326,329 342,516 277,994 294,277 5,967,629 1,362,652 1,414,282 986,083 986,083 406,132 406,132 406,132 406,132 325,171 325,171 7,023,971 Stormwater Levy Debt Servicing 2018/19 Remediate Wollundry Lagoon - 3.17% - 8 years 742,827 Interest 11,448 8,445 5,261 2,059 - - - - - - 27,214 Principal 94,067 97,071 100,254 103,456 - - - - - - 394,847 Total stormwater levy debt servicing 105,515 105,515 105,515 105,515 - - - - - - 422,061 Sewer Fund Debt Servicing 2007/08 Sewer 2010 - 7.1% - 30 years 36,000,000 Interest 1,960,479 1,884,127 1,802,078 1,713,909 1,619,162 1,517,347 1,407,937 1,290,364 1,164,021 1,028,252 15,387,677 Principal 1,023,485 1,099,837 1,181,886 1,270,055 1,364,802 1,466,617 1,576,027 1,693,600 1,819,943 1,955,712 14,451,963 Total sewer debt servicing 2,983,964 2,983,964 2,983,964 2,983,964 2,983,964 2,983,964 2,983,964 2,983,964 2,983,964 2,983,964 29,839,640 Consolidated debt servicing 120,303,950 Interest 3,021,558 3,364,193 3,628,620 3,519,574 3,317,877 2,882,936 2,523,464 2,254,963 2,023,901 1,712,539 28,249,623 Principal 6,523,436 8,162,014 9,288,017 9,679,003 9,440,359 9,848,755 6,032,251 4,987,582 5,238,052 4,821,859 74,021,329 9,544,994 11,526,207 12,916,636 13,198,577 12,758,236 12,731,691 8,555,715 7,242,545 7,261,952 6,534,398 102,270,952
55 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
Appendix 8a - Capital Works Program: One-off capital projects
The One-off capital projects allocated in 2023/24 are split between 2 categories‘Pending’ and ‘Confirmed’.
The ‘Pending’ category lists the projects that are approved, but are not delivery ready at 1 July 2023. Once the project is ready to move from the Pending stage into the Confirmed stage (Delivery Program), it will be reported to Council for adoption.
Project budgets already in the ‘Confirmed’ category represent Council’s current commitment of delivery for the 2023/24 financial year and will be reported to Councillors
and the Community as part of the Delivery Program. This stage can include projects that are execution ready as well as projects that require further planning in order to progress to the execution ready stage.
As part of the annual review of the Long Term Financial Plan Capital Works Program, these 2 categories are applied to the following new financial year’s project budgets prior to adoption.
56 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
Ref Job No.Project Title Funding Source 2023/24 Pending 2023/24 Confirmed 2024/252025/262026/272027/282028/292029/302030/312031/322032/33 1 18812 Active Travel PlanStage 1 - TT26 Grant (Crown Finance Restart) $531,840 + S7.11 $68,160 600,000 2 21931 Active Travel PlanStage 3 Transport for NSW Grant $113,519 + Section 7.11 Reserve $36,481 150,000 3 47288 Airport - Bays 1-3 Upgrade External Borrowings (Future Years Loan Repayments funded from Airport/Internal Loans Reserve) 380,000 4 47320 Airport - Energy Savings Project (Lighting) Internal Loans Reserve (Electricity Savings - Future Year Loan Repayments) 178,903 5 47192 Airport - Redevelop terminal - Internal Baggage Claim and Retail Section Grant (INSW) $1,000,000 + Grant (BBRF) $4,568,158 + $2,955,039 Grant (TBC) + $27,763 Airport/Internal Loans Reserve 8,550,960 6 47292 Airport - Taxiways A, B, D, E, F Rejuvenation 23/24 External Borrowings $380,000 + 24/25 Internal Loans Reserve $380,000 (Ext+Int Loans - Future Years Loan Repayments funded from Airport/Internal Loans Reserve) 380,000 380,000 38,732,26633,539,24658,091,07431,309,55733,759,7274,676,28716,163,5057,226,8165,292,3131,020,1424,125,529
Appendix 8a - Capital Works Program: One-off capital projects
2032/33 (cont)
57 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
2023/24 –
Ref Job No.Project Title Funding Source 2023/24 Pending 2023/24 Confirmed 2024/252025/262026/272027/282028/292029/302030/312031/322032/33 7 22224 Alan Turner Depot - Outdoor Seating/ Amenities Block GPR 5,000 8 22223 Alan Turner DepotSecurity Gate Main Entry/ Exit Civil Infrastructure Reserve 115,000 9 22222 Alan Turner Depot - Worker on Foot Upgrade Civil Infrastructure Reserve 343,358 1015082 Amundsen Bridge Construction - TT6 External Borrowings (Future Years Loan Repayments less 50% LCLI Subsidy funded from S7.11) 1,116,027 1122195 Bill Jacobs Athletics Centre Lighting Upgrade NSW Stronger Country Communities Round 5 Grant 597,967 1217760 Bolton Park Precinct Upgrade - ROS15 External Borrowings $1,496,581 (Future Years Loan Repayments funded from GPR) + S7.11 $4,205,361 + Grant (TBC) $25,902,307 3,920,768 10,000,00010,000,0007,683,481 1319628 Boorooma Street Upgrade - TT28 S7.11 $2,812,200 + Grant (TBC) $1,600,000 4,412,200 1415083 Boorooma Street Slip Lane into Boorooma West - (2006-19 Plan) S7.11 297,000 1521366 Cemetery Outdoor Touch Screen Kiosk GPR 14,957 1618179 Civic Centre Entrance Canopy - To protect from weather and better identify the building entrance Civic Centre S94 Recoupment (CR2) 115,243 1722226 Civic TheatreBalcony Retiling & Waterproofing GPR 165,000
Appendix 8a - Capital Works Program: One-off capital projects
2032/33 (cont)
58 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
2023/24 –
Ref Job No.Project Title Funding Source 2023/24 Pending 2023/24 Confirmed 2024/252025/262026/272027/282028/292029/302030/312031/322032/33 1822225 Civic Theatre - External Wall Cladding (Stage 2) Buildings Reserve 205,000 1922227 Civic Theatre - Internal Stage Safe Working at Heights System Civic Theatre Reserve 73,000 2019566 Civic TheatreReplacement of Overhead Stage Lights with Digital Lights Internal Loans Reserve (Future Years payback from Civic Theatre Reserve) 70,000 2138639 Copland St Industrial Area - Stormwater Drainage Upgrade Old S94 Reserve $85,262 + Contribution $92,358 + S7.11 $107,500 285,120 2213684 Dunns Road - Roads and Traffic Facilities Upgrade Grant $2,759,595 (Dept Infrastructure, Transport, Regional Dev & Local Gov) + External Borrowings $1,182,684 (Future Years Loan Repayments funded from GPR) 3,942,279 2319647 Estella New Local Park (west Rainbow Drive) Embellishment - ROS1 + LA1 (Land Acquisition) S7.11 1,363,838 1,363,837 2422330 Estella Road UpgradeGrant (TBC) $700,000 700,000 2522232 Farrer Road Upgrade - TT4 S7.11 3,481,529 2615084 Farrer Road Widening & Reconstruction External Borrowings (Future Years Repayments less 50% LCLI Subsidy funded from S7.11 + Civil Infrastructure Reserve) 68,436 2719618 FootpathsBoorooma, Estella & Gobbagombalin - TT17 S7.11 $255,319 + Grant (TBC) $1,286,050 1,286,050255,319
Appendix 8a - Capital Works Program: One-off capital projects
(cont)
59 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
2023/24 – 2032/33
Ref Job No.Project Title Funding Source 2023/24 Pending 2023/24 Confirmed 2024/252025/262026/272027/282028/292029/302030/312031/322032/33 2819619 FootpathsBourkelands & Lloyd - TT18 S7.11 $352,763 + Grant (TBC) $1,738,250 2,091,013 2919620 Footpaths - Central & North Wagga - TT19 S7.11 $69,694 + Grant (TBC) $351,050 351,05069,694 3019622 Footpaths - Forest Hill - TT21 S7.11 $208,725 + Grant (TBC) $1,028,500 1,237,225 3119623 Footpaths - Kooringal - TT22 S7.11 $152,835 + Grant (TBC) $753,100 905,935 3219625 Footpaths - Mount Austin, Tolland & Turvey Park - TT24 S7.11 $282,210 + Grant (TBC) $1,390,600 1,672,810 3319678 Forest Hill Upgrade Local Park - ROS16 S7.11 216,200 3412922 Glenfield Road Corridor Works - TT1 S7.11 $9,867,375 + External Borrowings $9,220,792 funded from (Future year repayments funded from S7.11) 11,290,2684,084,802 2,353,1291,359,969 3518738 Glenfield Road Drainage Remediation (North of Fernleigh Rd) Stormwater DSP $915,000 + Stormwater Levy $420,047 1,335,047 3619648 Gobbagombalin Nth (Harris Road) Park Embellishment - ROS2 S7.11 98,700 3719604 Gregadoo Road Corridor Works - TT7 23/24 (External Borrowings $1,693,040 -Future Years Loan Repayments less 50% LCLI Subsidy funded from S7.11 + Civil Infrastructure Reserve $1,006,466) + 25/26 - 26/27 $1,544,450 External Borrowings (Future Years Loan Repayments funded from S7.11) 2,699,506 772,225772,225
Appendix 8a - Capital Works Program: One-off capital projects
2032/33 (cont)
60 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
–
Ref Job No.Project Title Funding Source 2023/24 Pending 2023/24 Confirmed 2024/252025/262026/272027/282028/292029/302030/312031/322032/33 3870093 GWMC - Asset Renewals (Transfer Stations, Leachate systems) Solid Waste Reserve 150,000 163,500 178,215 3970164 GWMC - Construction of a new Waste Cell Solid Waste Reserve $9,082,019 + Grant (NSW EPA) $174,749 2,903,826 6,352,942 4070147 GWMC - Domestic Precinct (Transfer Station, Office Relocation, Roadworks) Solid Waste Reserve 150,000 150,0003,254,3953,254,395 601,670 4170135 GWMC - Gas Capture Network Expansion & Gas Powered Evaporator Solid Waste Reserve 300,000 327,000 356,430 4270143 GWMC - Wheel Washing Facility Solid Waste Reserve 184,390 4370178 GWMC - Construction of a new Monocell Solid Waste Reserve 2,600,000 4470092 GWMC - Progressive Site Rehabilitation Solid Waste Reserve 687,272 243,115250,408257,920265,658 4570101 GWMC - Road Rehabilitation Solid Waste Reserve 300,000 50,000 53,000 56,180 4670163 GWMC - Plant Purchase (auxillary equipment - proposed new monocell) Solid Waste Reserve 1,307,677 4770168 GWMC Plant Shed Solid Waste Reserve 1,187,970 4870169 GWMC Waste to Energy (Solution) Solid Waste Reserve 5,000,000 4921791 Humula Infrastructure Upgrade Grant (Dept Industry, Science, Energy & Resources) 32,076
2023/24
Appendix 8a - Capital Works Program: One-off capital projects
61 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
2023/24 –
Ref Job No.Project Title Funding Source 2023/24 Pending 2023/24 Confirmed 2024/252025/262026/272027/282028/292029/302030/312031/322032/33 5021089 Jim Elphick Tennis Centre - ROS15 S7.11 $1,696,806 + Contribution Tennis NSW $1,076,440+ State Government Grant (MultiSport Community Facility Fund) $4,305,986 7,079,232 5119669 Jubilee OvalCommunity Meeting Space - ROS14 S7.11 384,750 5219664 Jubilee Park - Athletics Park UpgradeROS10 S7.11 $1,070,658 + State Government Grant (MultiSport Community Facility Fund) $2,141,225 3,211,883 5319382 Jubilee Park - Replace existing synthetic surfaces at the Jubilee Park Hockey Complex Hockey Assoc Contrib $205,000 + External Borrowings $195,000 (Future Years Loan Repayments funded from GPR) 400,000 5422193 Keajura Road - Fixing Local Roads R2R $258,071 + Fixing Local Roads $1,332,282 1,590,353 5522317 Lake Albert PipelineGrant (TBC) 7,000,000 5614048 Lawn Cemetery & Crematorium Office Refurbishment Cemetery Reserve 500,000 5721273 Lawn Cemetery Master Plan Stage 2A Works - New burial area, outdoor chapel and water feature External Borrowings (Future Years Loan Repayments funded from Cemetery Reserve) 675,000 5817866 Levee System Upgrade - North Wagga (1 in 20) Special Rate Variation (SRV) Reserve $2.604M + Grant (TBC) $5.816M 8,419,811 5919661 Lloyd Establish 3 Local Parks - ROS5 + LA5 (Deakin Ave) + LA6 (Barton Ave) + LA7 (Central Lloyd) - Land Acquisitions 23/24 S7.11 $1,538,625 + 24/25 External Borrowings $2,401,850 (Future Years Loan repayments funded from S7.11) 1,538,625 2,401,850
2032/33 (cont)
Appendix 8a - Capital Works Program: One-off capital projects
(cont)
62 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
2023/24 – 2032/33
Ref Job No.Project Title Funding Source 2023/24 Pending 2023/24 Confirmed 2024/252025/262026/272027/282028/292029/302030/312031/322032/33 6045089 LMC - CCTV & security (partial) LMC Reserve 41,734 6145121 LMC - Clean, fill and landscape all new works areas LMC Reserve 85,000 6245096 LMC - New circulating road (partial) LMC Reserve 1,043,347 1,043,346 6345125 LMC - Refurbish agents offices and canteen LMC Reserve 500,000 6445124 LMC - Replace existing cattle/sheep delivery ramps LMC Reserve 1,300,000 6545122 LMC - Reseal existing internal road network LMC Reserve 650,000 6645126 LMC - Road Train facilities LMC Reserve 1,800,000 6745128 LMC - Sheep & Goat Electronic (EID) LMC Reserve 750,000750,000 6845049 LMC - Treatment of Re-use Water LMC Reserve 355,269 6945127 LMC - Waste to Energy LMC Reserve 3,500,000 7019662 McDonalds ParksEstablish 2nd Rugby League Field - ROS6 S7.11 939,550 7121797 MPS Sports Court Recoat GPR 40,000 7218796 Northern Sporting Precinct - Sports grounds and play equipment (Peter Hastie Oval Works) - ROS11 + LA4 (Land Acquisition) External Borrowings (Future Years Loan Repayments less 50% LCLI Subsidy funded from S7.11 + Building Reserve + GPR) 2,629,427 2,629,427
Appendix 8a - Capital Works Program: One-off capital projects
2032/33 (cont)
63 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
2023/24 –
Ref Job No.Project Title Funding Source 2023/24 Pending 2023/24 Confirmed 2024/252025/262026/272027/282028/292029/302030/312031/322032/33 7328174 Oasis - 25m & Program Pool Covers & Rollers Replacement GPR 70,000 7428183 Oasis - 25m, Program & Leisure Pool Expansion Joints Replacement GPR 125,000 7528190 Oasis - 25m Pool Dive Starting Blocks GPR 48,000 7628150 Oasis - 25m Pool Lane Ropes & Lane Storage Rollers Replacement GPR 34,441 7728181 Oasis - 50m Pool & Grandstand Concourse Resurfacing GPR 175,000 7828153 Oasis - 50m & Dive Pool Expansion Joints Replacement GPR 79,790 7928147 Oasis - 50m Pool Covers & Rollers Replacement GPR 85,992 8028177 Oasis - 50m Pool Dive Starting Blocks GPR 42,000 8128170 Oasis - 50m Pool Flood Lights GPR 80,000 8228123 Oasis - 50m Pool Heating System Solar & Gas Boiler GPR 275,000 8328172 Oasis - 50m Pool Lane Ropes & Lane Storage Rollers Replacement GPR 85,000 8428179 Oasis - 50m Pool Shade covers deep end of pool GPR 290,000
Appendix 8a - Capital Works Program: One-off capital projects 2023/24
2032/33 (cont)
64 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
Ref Job No.Project Title Funding Source 2023/24 Pending 2023/24 Confirmed 2024/252025/262026/272027/282028/292029/302030/312031/322032/33 8528185 Oasis - 50m Pool Shade covers western side Oasis Reserve 390,000 8628072 Oasis - Automatic Pool Cleaners Oasis Reserve 60,000 8720840 Oasis - BBQ’sOasis Reserve 70,000 8828158 Oasis - Change Rooms Upgrade GPR 353,500 8928171 Oasis - Co Generation Energy System or alike GPR 1,500,000 9028148 Oasis - Dive Pool Covers & Rollers Replacement Oasis Reserve 45,000 9128076 Oasis - Diving Board Replacements GPR 85,000 9228173 Oasis - Disable/ Mixed Access Equipment / Steps - Wheel ChairsHoist & Extras GPR 95,000 9328162 Oasis - Energy Savings Project (Mechanical Air Ventilation System Upgrade) Internal Loans Reserve (Electricity Savings - Future Year Loan Repayments) 231,770 9428119 Oasis - Filter Sand for All Pools GPR 232,300 9516393 Oasis - Floor Carpet - Entrance Pool Hall, Offices Stairs & Meeting Room Oasis Reserve 64,000 9628182 Oasis - Irrigation/ Sprinkler System to Mixed Areas Oasis Reserve 85,000 9728188 Oasis -Mixed Air Conditioning GPR 125,000 9815143 Oasis - Point of Sale System & Entry Gates GPR 115,000
–
Appendix 8a - Capital Works Program: One-off capital projects
2032/33 (cont)
65 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
2023/24 –
Ref Job No.Project Title Funding Source 2023/24 Pending 2023/24 Confirmed 2024/252025/262026/272027/282028/292029/302030/312031/322032/33 9928184 Oasis - Pool Balance Tanks Service GPR 105,000 10028149 Oasis - Pool Cover Winch Replacement GPR 35,150 10128139 Oasis - Pool Deck Grating Replacement Oasis Reserve 31,005 10228178 Oasis - Pool Hall Circulation Fans GPR 45,000 10328175 Oasis - Pool Hall Lighting Repair & Replacement Oasis Reserve 100,000 10428156 Oasis - Pool Hall Skylights Repair & Replacement GPR 237,350 10528123 Oasis - Pool Heating Systems (All Pools) Oasis Reserve 200,000 10628159 Oasis - Pool Plant Equipment Upgrade & Replacement Oasis Reserve $90,000 + GPR $778,600 868,600 10728176 Oasis - Public Address System Repair & Replacement Oasis Reserve 85,000 10828157 Oasis - Security Lockers Replacement Oasis Reserve 30,300 10928151 Oasis - Two Pool Inflatables Replacement Oasis Reserve $28,280 + GPR $100,000 28,280 100,000 11028180 Oasis - Water Drinking Fountains GPR 60,000 11128145 Oasis - Water Features Project Grant (TBC) $834,085 + Oasis S7.11 Recoupment $854,937 1,689,022 11221790 Oberne Creek Hall Project Grant (Dept Industry, Science, Energy & Resources) 3,840
Appendix 8a - Capital Works Program: One-off capital projects
(cont)
66 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
2023/24 – 2032/33
Ref Job No.Project Title Funding Source 2023/24 Pending 2023/24 Confirmed 2024/252025/262026/272027/282028/292029/302030/312031/322032/33 11321598 Old Narrandera Road Sealing Grant (Transport for NSW) 500,000 11422322 Pedestrian Access Improvements (Turvey Park) Grant (Labor) 35,000 11519601 Pine Gully Road Corridor Works - TT2 S7.11 $1,739,366 + External Borrowings $3,752,895 (Future Years Loan Repayments less 50% LCLI Subsidy funded from S7.11) + GPR $625,000 + Grant (TBC) $2,932,738 2,034,453615,5471,400,000 5,000,000 11617075 Public Art ProjectsTBA Public Art Reserve 45,00045,00045,00045,00045,00045,00045,000 11719667 Rawlings Park NorthConstruct a synthetic soccer facility - ROS12 S7.11 $700,000 + Grant (TBC) $3,177,112 700,000 3,177,112 11819627 Red Hill Rd/Dalman Parkway Intersection Treatment - TT27 S7.11 1,750,443 11919681 Red Hill Road Upgrade - TT3 24/25 S7.11 + 28/29 - 30/31 External Borrowings (Future Years Loan Repayments funded from S7.11) 78,217 2,134,7061,151,6361,174,668 12023816 Regional Roads Repair Block Grant - project TBA Repair Block Grant (TfNSW) 400,000 400,000400,000400,000400,000400,000400,000400,000400,000400,000 12115883 Regional Roads Supplementary Block Grant - project TBA Block Grant -Supp (TfNSW) 199,000 199,000199,000199,000199,000199,000199,000199,000199,000199,000 12250112 Sewage Treatment Works RenewalTarcutta Sewer Reserve 175,000 12350276 Sewer - Cartwright’s Hill Pump StationSPS09 - Renewals Sewer Reserve 50,000200,000
Appendix 8a - Capital Works Program: One-off capital projects
2032/33 (cont)
67 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
2023/24 –
Ref Job No.Project Title Funding Source 2023/24 Pending 2023/24 Confirmed 2024/252025/262026/272027/282028/292029/302030/312031/322032/33 12450060 Sewer - Forsyth St Pump StationSPS02 - Renewals - Refurbishment of current wells Sewer Reserve 600,000 12550259 Sewer - Glenfield East Pump Station - SPS41 - New Assets - New pump station Sewer Reserve (DSP) 368,981 2,138,412 12650221 Sewer - Narrung St Treatment Plant Flood Protection Infrastructure Sewer Reserve 498,023 12750245 Sewer - Olympic Highway - SPS13 New Assets Sewer Reserve (DSP) 944,822 12850274 Sewer - Pump Station - SPS06 Shaw StreetRenewals Sewer Reserve 280,000 12950261 Sewer - Springvale Pump Station - SPS36 - New Assets - New pump station Sewer Reserve 536,811 13050291 Sewer - Uranquinty Pump Station - SPS31 - Renewals Sewer Reserve (DSP) 520,000 13150277 Sewer - Wiradjuri Sewer Pump StationSPS10 Renewal Sewer Reserve (DSP) 13,03275,486 13250266 Sewer Treatment Works - Forest Hill Plant - New Assets External Borrowings $820,718 (Future Years Loan Repayments less 50% LCLI subsidy funded from Sewer Reserve) + Sewer Reserve $1,484,467 2,305,185 13319609 Shared pathBoorooma to Estella & Gobba - TT9 S7.11 $260,044 + Grant (TBC) $1,309,850 1,309,850 260,044
Appendix 8a - Capital Works Program: One-off capital projects
(cont)
68 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
2023/24 – 2032/33
Ref Job No.Project Title Funding Source 2023/24 Pending 2023/24 Confirmed 2024/252025/262026/272027/282028/292029/302030/312031/322032/33 13419610 Shared pathBourkelands to Lloyd - TT10 S7.11 $11,306 + Grant (TBC) $56,950 56,950 11,306 13519612 Shared path - CBD to Forest Hill - TT12 S7.11 $200,963 + Grant (TBC) $990,250 1,191,213 13619613 Shared path - Forest Hill - TT13 S7.11 $147,660 + Grant (TBC) $727,600 727,600 147,660 13720799 Stores - Barcoding System/ Shelving Plant Replacement Reserve 37,500 13819526 Stormwater - Copland St Drainage Projects Stormwater DSP 266,829 13913673 Stormwater - Day, Higgins, Tarcutta StWagga West DSP Area Drainage Upgrade Stormwater DSP $308,458 + Stormwater Drainage Reserve $20,000 328,458 14012758 Stormwater - Kincaid St end to Flowerdale pumping station drainage - Wagga West DSP Area External Borrowings $782,980 (Future Years Loan Repayments less 50% LCLI subsidy funded from Stormwater DSP) + External Borrowings $27,955 (Future Years Loan Repayments less 50% LCLI subsidy funded from Civil Infrastructure Reserve) 810,935 14113674 Stormwater - Lloyd Contour Ridge approx 5 km - Wagga West DSP Area Drainage Upgrade Stormwater DSP $148,060 + Stormwater Drainage Reserve $9,600 157,660 14217742 Stormwater - Murray St Project Stormwater Levy 2,952,750 14312916 Stormwater - Tarcoola Drainage Extension Stormwater DSP 495,657 14419522 Stormwater - Yanda Lane Drainage Stormwater Levy 495,763
Appendix 8a - Capital Works Program: One-off capital projects
69 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
2023/24 –
Ref Job No.Project Title Funding Source 2023/24 Pending 2023/24 Confirmed 2024/252025/262026/272027/282028/292029/302030/312031/322032/33 14521792 Tarcutta Memorial Hall Upgrade Grant (Dept Industry, Science, Energy & Resources) 54,342 14622324 Upgrade & Repair Roads Across the Electorate Grant (Labor) 5,714,359 14720846 Venue Technical Events Kit Community Works Reserve 8,000 Total LTFP one-off capital program 38,732,26633,539,24658,091,07431,309,55733,759,7274,676,28716,163,5057,226,8165,292,3131,020,1424,125,529
2032/33 (cont)
Appendix 8b - Capital Works Program – Recurrent capital projects
70 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
Ref Job No.Project Title Funding Source 2023/242024/252025/262026/272027/282028/292029/302030/312031/322032/33 1 19504 Art Gallery - Acquire pieces for the Australian Print Collection GPR 9,5809,96310,36210,77611,20711,63812,14312,67013,21913,748 2 19505 Art Gallery - Acquire pieces for the National Art Glass Collection GPR 23,95024,90825,90426,94028,01829,09630,35931,67733,05334,375 3 12498 Bus Shelters Upgrade (existing) GPR 20,000 20,000 20,000 20,000 20,000 4 19503 Civic Theatre - Backstage Equipment Upgrade GPR 13,68614,23314,80215,39416,01016,62617,29117,98318,70319,451 5 17986 Community AmenitiesApex Park GPR 30,000242,031 6 16459 Community AmenitiesForest Hill Oval GPR 204,856 7 17749 Community AmenitiesGissing Oval GPR $205,306 + NSW Government Office of Sport $400,000 605,306 8 17748 Community AmenitiesJubilee/Connolly Park GPR 30,000219,158 9 19484 Community AmenitiesMcPherson Oval GPR 30,000250,192 1017985 Community Amenities - Tarcutta Public Convenience GPR 30,000234,332 1117039 Community Amenities - TBC GPR 30,000288,790326,553338,204 1212846 Community Amenities - Uranquinty Sports Ground GPR 30,000211,901 1316583 Corporate Hardware Purchases GPR 645,000828,000720,000645,000757,000415,000395,000393,000910,000450,000 1415230 Culverts - Renew and Replace GPR 679,531708,256738,094769,119799,884830,649863,875898,430934,367971,742 1532514 Footpath Construction GPR 20,00020,00020,00020,00020,00020,00020,00020,00020,00020,000 21,649,49920,636,77822,136,05620,429,23724,192,97823,546,75423,097,72124,483,25825,632,30326,092,457
Appendix 8b - Capital Works Program – Recurrent capital projects (cont)
71 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
Ref Job No.Project Title Funding Source 2023/242024/252025/262026/272027/282028/292029/302030/312031/322032/33 1624218 Gravel Resheets GPR 1,904,7281,984,7972,067,9812,154,4762,240,6552,326,8342,419,9072,516,7032,617,3712,722,066 1716531 Heavy Patching Program GPR 1,035,1271,085,8581,130,2891,176,4931,222,6971,268,9011,319,6571,372,4431,427,3411,484,435 1822107 Horticulture Upgrades & Renewals GPR 50,00050,00050,00050,00050,00050,00050,00050,00050,00050,000 1939868 Kerb and Gutter Replacement GPR 557,167580,067603,870628,622653,767678,912706,068734,310763,682794,229 2021686 Library Agile Library Book Collection GPR 40,80041,61642,44843,29744,16345,04645,94746,86647,80448,760 2121687 Library Book Club Program GPR 10,00010,20010,40410,61210,82411,04111,26211,48711,71711,951 2221683 Library Cataloguing GPR 25,50026,01026,53027,06127,60228,15428,71729,29129,87730,475 2321679 Library Collection GPR 204,000208,080212,242216,486220,816225,232229,737234,332239,019243,799 2421681 Library eResources GPR 51,00052,02053,06054,12255,20456,30857,43458,58359,75560,950 2521685 Library RFID Tags GPR 3,5703,6413,7143,7893,8643,9424,0204,1014,1834,266 2621682 Library Shelf-Ready Processing GPR 18,36018,72719,10219,48419,87320,27120,67621,09021,51221,942 2721680 Library South-west Zone Digital Library GPR 35,70036,41437,14237,88538,64339,41640,20441,00841,82842,665 2821345 Museum Acquisitions Museum Acquisitions Reserve 10,0004,378 2939042 Pedestrian Access and Mobility Program (PAMP) 23/24 - Grant (Labor) $50K + GPR $42K, 24/25 onwards - GPR 92,00042,00042,00042,00042,00042,00042,00042,00042,00042,000 3020959 Parks Smart Irrigation Internal Loans Reserve (Water savings payback - 2 Year Loan Repayments) 25,00025,00025,00025,000 3116532 Pavement Rehabilitation Program 23/24 - R2R $1,718K + Reg Rds Block $631K + GPR $1,998K, 24/25 onwards - R2R $1,005K + Reg Rds Block $643K (R2R 3% + Block 2% increment each year) + GPR Balance 4,346,0043,913,8314,179,9464,052,7504,528,9344,704,9314,895,3285,091,1415,294,7875,506,578
Appendix 8b - Capital Works Program – Recurrent capital projects (cont)
72 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
Ref Job No.Project Title Funding Source 2023/242024/252025/262026/272027/282028/292029/302030/312031/322032/33 3221900 Plant and Equipment Replacement Plant Reserve $3.4M + Plant Sales $1.5M (amounts vary each fin yr) 4,886,0003,787,2005,066,5003,297,6005,961,5004,132,4003,851,5004,514,5004,514,5004,514,500 3312231 Playground Equipment Renewal GPR 98,000309,000430,000536,000387,0001,406,000574,000631,000500,000696,000 3421930 Playground Shade Sail Installation 23/24 - Grant (Labor) $90K + Grant $71K (TBC), 24/25 onwards - Grant Funded (TBC) 161,32871,32871,32871,32871,328 3521926 Public Art - Creative Light Spaces Public Art Reserve 30,000 30,000 3621924 Public ArtNeighbourhood Engagement Public Art Reserve 20,00020,00020,000 3721925 Public Art - Suburbs & Villages Public Art Reserve 15,00015,00015,000 3821091 Recreational Assets Renewal GPR 352,115366,200380,848396,082411,925427,769444,878462,672481,178500,425 3916529 Reseal program (renewal) GPR $2,230K + Regional Roads Block Grant $364K (incrementing 3% each yr) 2,593,6663,215,9892,835,5102,960,3013,078,7133,197,1253,325,0113,458,0113,596,3313,740,184 4052055 Sewer Gravity Mains Renewal Program Sewer Reserve 159,884164,680169,621174,709179,950185,191190,747196,469202,363208,434 4151390 Sewer Joint Connections Elimination Sewer Reserve 54,67255,49256,32557,16958,02758,88559,76860,66561,57562,498 4250018 Sewer Mains Rehabilitation Program Sewer Reserve 1,432,8631,475,8491,520,1241,565,7281,612,7001,659,6711,709,4611,760,7441,813,5661,867,973 4350052 Sewer Manhole Lids Replacment Sewer Reserve 74,29575,40976,54077,68878,85380,03681,23782,45583,69184,946 4450024 Sewer Plant & Pumps Replacement and Renewal Sewer Reserve 55,49256,32557,17058,02758,89759,76860,66561,57662,50063,437 4512786 Street Lighting Improvements Program - Roads and Traffic Facilities (as per schedule) GPR 50,00050,00050,00050,00050,00050,00050,00050,00050,00050,000
Appendix 8b - Capital Works Program – Recurrent capital projects (cont)
73 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
Ref Job No.Project Title Funding Source 2023/242024/252025/262026/272027/282028/292029/302030/312031/322032/33 4615181 Traffic CommitteeImplement unfunded Resolutions as adopted by Council GPR 25,00025,00025,00025,00025,00025,00025,00025,00025,00025,000 4730044 Urban Asphalt Program GPR 960,320999,4061,040,0411,082,2971,125,5891,168,8811,215,6361,264,2611,314,8311,367,424 4812894 Village Community Priorities - S94A3 External Borrowings (Future Years Loan Repayments less 50% LCLI subsidy funded from S7.12*) 20,00020,00020,00018,00018,000 Total LTFP recurrent capital program 21,649,49920,636,77822,136,05620,429,23724,192,97823,546,75423,097,72124,483,25825,632,30326,092,457
Appendix 9 - Airport ten-year financial plan*
* The forecast cash budget deficits shown for the Airport, are unable to be funded from the Airport Reserve due to its low balance, so the deficits are being funded from the Internal Loans Reserve, with payback from the Airport in future forecast surplus years of the Long Term Financial Plan.
74 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
Budget 2023/24 Budget 2024/25 Budget 2025/26 Budget 2026/27 Budget 2027/28 Budget 2028/29 Budget 2029/30 Budget 2030/31 Budget 2031/32 Budget 2032/33 Revenue From Continuing Operations User Charges & Fees (3,976,546)(4,074,236)(4,174,808)(4,304,288)(4,411,826)(4,521,367)(4,633,712)(4,745,421)(4,860,052)(4,977,690) Other Revenues (1,305)(1,344)(1,384)(1,426)(1,469)(1,511)(1,557)(1,603)(1,651)(1,701) Grants & Contributions provided for Operating Purposes (49,625) 0 0 0 0 0 0 0 0 0 Grants & Contributions provided for Capital Purposes 0 0 (8,523,197) 0 0 0 0 0 0 0 Other Income (306,756)(314,524)(322,496)(332,852)(341,199)(349,613)(358,170)(367,139)(376,333)(385,758) Revenue From Continuing Operations (4,334,232)(4,390,105)(13,021,885)(4,638,565)(4,754,493)(4,872,491)(4,993,439)(5,114,163)(5,238,037)(5,365,149) Expenses From Continuing Operations Employee Benefits & On-Costs 603,750628,130653,497679,637706,823735,095764,499795,079826,882859,958 Materials & Services 2,417,4212,438,8572,512,6232,745,2422,735,7332,800,4332,885,7952,974,5412,997,2953,089,391 Borrowing Costs 197,585181,150142,963129,566124,669106,73288,19068,69648,82531,730 Depreciation & Amortisation 5,947,3825,947,3825,947,3825,947,3825,947,3825,947,3825,947,3825,947,3825,947,3825,947,382 Expenses From Continuing Operations 9,166,1379,195,5189,256,4669,501,8269,514,6069,589,6419,685,8669,785,6989,820,3859,928,461 Net Operating (Profit)/Loss 4,831,9054,805,413(3,765,419)4,863,2614,760,1134,717,1504,692,4274,671,5354,582,3484,563,312 Net Operating Result before Grants and Contributions provided for Capital Purposes 4,831,9054,805,4134,757,7784,863,2614,760,1134,717,1504,692,4274,671,5354,582,3484,563,312 Capital and Reserve Movements Capital Expenditure - Pending Projects 380,000380,0008,729,863380,000 0 0 0 0 0 0 Loan Repayments 1,166,4041,234,203843,921874,651296,359310,976326,329342,516277,994294,277 New Loan Borrowings (380,000) 0 0 (380,000) 0 0 0 0 0 0 Net Movements to/(from) Reserves 0 0 0 0 0 0 123,220933,3311,087,0391,089,792 Total Capital and Reserve Movements 1,166,4041,614,2039,573,783874,651296,359310,976449,5501,275,8471,365,0341,384,070 Net Result 5,998,3086,419,6165,808,3645,737,9135,056,4725,028,1265,141,9775,947,3825,947,3825,947,382 Add back Depreciation Expense (non-cash) 5,947,3825,947,3825,947,3825,947,3825,947,3825,947,3825,947,3825,947,3825,947,3825,947,382 Cash Budget (Surplus)/Deficit 50,927472,234(139,018)(209,469)(890,909)(919,256)(805,405) 0 0 0
Appendix 10 - Livestock Marketing Centre ten-year financial plan
75 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
Budget 2023/24 Budget 2024/25 Budget 2025/26 Budget 2026/27 Budget 2027/28 Budget 2028/29 Budget 2029/30 Budget 2030/31 Budget 2031/32 Budget 2032/33 Revenue From Continuing Operations User Charges & Fees (6,486,751)(6,683,273)(6,886,042)(7,093,389)(7,307,248)(7,526,148)(7,751,007)(7,982,837)(8,221,858)(8,468,297) Other Income (56,908)(59,056)(61,288)(63,596)(65,993)(68,399)(70,980)(73,660)(76,443)(79,333) Revenue From Continuing Operations (6,543,658)(6,742,330)(6,947,330)(7,156,985)(7,373,241)(7,594,548)(7,821,988)(8,056,498)(8,298,301)(8,547,630) Expenses From Continuing Operations Employee Benefits & On-Costs 1,327,2581,380,3481,435,5621,492,9841,552,7031,614,8111,679,4041,746,5801,816,4431,889,100 Materials & Services 3,341,9993,525,0533,341,2323,434,2723,495,3533,593,5753,864,2983,969,5404,078,2554,190,574 Depreciation & Amortisation 904,436992,973992,973992,9731,132,9731,132,9731,204,9731,204,9731,204,9731,204,973 Expenses From Continuing Operations 5,573,6925,898,3745,769,7675,920,2286,181,0296,341,3596,748,6756,921,0927,099,6707,284,647 Net Operating (Profit)/Loss (969,966)(843,956)(1,177,563)(1,236,757)(1,192,212)(1,253,188)(1,073,313)(1,135,405)(1,198,631)(1,262,983) Net Operating Result before Grants and Contributions provided for Capital Purposes (969,966)(843,956)(1,177,563)(1,236,757)(1,192,212)(1,253,188)(1,073,313)(1,135,405)(1,198,631)(1,262,983) Capital and Reserve Movements Capital Expenditure - One Off Confirmed 750,000750,000 0 0 0 0 0 0 0 0 Capital Expenditure - Pending Projects 1,525,3501,693,346 0 4,800,000500,0001,800,000 0 0 0 0 Net Movements to/(from) Reserves (400,949)(606,418)2,170,535(2,570,271)1,825,185586,1612,278,2862,340,3782,403,6042,467,956 Total Capital and Reserve Movements 1,874,4021,836,9282,170,5352,229,7292,325,1852,386,1612,278,2862,340,3782,403,6042,467,956 Net Result 904,436992,973992,973992,9731,132,9731,132,9731,204,9731,204,9731,204,9731,204,973 Add back Depreciation Expense (non-cash) 904,436992,973992,973992,9731,132,9731,132,9731,204,9731,204,9731,204,9731,204,973 Cash Budget (Surplus)/Deficit 0 0 0 0 0 0 0 0 0 0
Appendix 11 - Sewerage services ten-year financial plan
76 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
Budget 2023/24 Budget 2024/25 Budget 2025/26 Budget 2026/27 Budget 2027/28 Budget 2028/29 Budget 2029/30 Budget 2030/31 Budget 2031/32 Budget 2032/33 Revenue From Continuing Operations Rates & Annual Charges (17,562,384)(18,255,373)(18,975,796)(19,724,743)(20,503,345)(21,312,780)(22,154,270)(23,029,090)(23,938,562)(24,884,063) User Charges & Fees (5,328,134)(5,487,001)(5,650,637)(5,819,186)(5,992,794)(6,171,579)(6,355,765)(6,545,481)(6,740,891)(6,942,168) Grants & Contributions provided for Operating Purposes (31,027)(48,829)(40,305)(31,400)(22,098)(12,327)(3,014) 0 0 0 Grants & Contributions provided for Capital Purposes (1,349,000)(1,349,000)(1,349,000)(1,349,000)(1,349,000)(1,349,000)(1,349,000)(1,349,000)(1,349,000)(1,349,000) Interest & Investment Revenue (623,238)(721,216)(923,174)(1,191,472)(1,519,966)(1,650,684)(1,838,892)(2,049,108)(2,275,000)(2,554,611) Revenue From Continuing Operations (24,893,783)(25,861,419)(26,938,913)(28,115,800)(29,387,203)(30,496,369)(31,700,942)(32,972,679)(34,303,454)(35,729,842) Expenses From Continuing Operations Employee Benefits & On-Costs 3,799,9313,953,3914,113,0704,277,5924,448,6964,626,6444,811,7105,004,1785,204,3455,412,519 Materials & Services 10,857,01611,429,8608,921,4709,249,0609,485,5109,773,88610,087,80910,386,24610,704,86710,833,574 Borrowing Costs 2,022,5341,981,7851,882,6871,776,7081,663,3581,542,0011,413,9641,290,3641,164,0211,028,252 Depreciation & Amortisation 5,666,0135,749,1595,791,9275,791,9275,791,9275,791,9275,791,9275,791,9275,791,9275,791,927 Other Expenses 3,9974,1974,4074,6274,8595,1025,3575,6255,9066,201 Expenses From Continuing Operations 22,349,49023,118,39220,713,56121,099,91521,394,35121,739,55922,110,76722,478,34122,871,06723,072,473 Net Operating (Profit)/Loss (2,544,293)(2,743,027)(6,225,351)(7,015,885)(7,992,852)(8,756,810)(9,590,174)(10,494,339)(11,432,387)(12,657,369) Net Operating Result before Grants and Contributions provided for Capital Purposes (1,195,293)(1,394,027)(4,876,351)(5,666,885)(6,643,852)(7,407,810)(8,241,174)(9,145,339)(10,083,387)(11,308,369) Capital and Reserve Movements Capital Expenditure - One Off Confirmed 673,023 0 0 0 0 0 0 0 0 0 Capital Expenditure - Recurrent 1,777,2061,827,7561,879,7801,933,3231,988,4292,043,5532,101,8782,161,9082,223,6942,287,289 Capital Expenditure - Pending Projects 4,755,7992,201,444555,486520,000 0 0 0 0 0 0 Loan Repayments 1,338,1861,570,6011,669,6981,775,6771,889,0272,010,3851,692,5191,693,6001,819,9431,955,712 New Loan Borrowings (820,718) 0 0 0 0 0 0 0 0 0 Net Movements to/(from) Reserves 486,8102,892,3867,912,3158,578,8139,907,32410,494,80011,587,70512,430,75813,180,67714,206,295 Total Capital and Reserve Movements 8,210,3068,492,18712,017,27912,807,81313,784,78014,548,73715,382,10216,286,26617,224,31418,449,296 Net Result 5,666,0135,749,1595,791,9275,791,9275,791,9275,791,9275,791,9275,791,9275,791,9275,791,927 Add back Depreciation Expense (non-cash) 5,666,0135,749,1595,791,9275,791,9275,791,9275,791,9275,791,9275,791,9275,791,9275,791,927 Cash Budget (Surplus)/Deficit (0) (0) (0) (0) (0) (0) (0) 0 0 0
Appendix 12 - Solid waste services ten-year financial plan
77 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
Budget 2023/24 Budget 2024/25 Budget 2025/26 Budget 2026/27 Budget 2027/28 Budget 2028/29 Budget 2029/30 Budget 2030/31 Budget 2031/32 Budget 2032/33 Revenue From Continuing Operations Rates & Annual Charges (11,696,475)(12,384,187)(13,112,458)(13,621,437)(14,150,310)(14,699,858)(15,270,894)(15,864,262)(16,480,842)(17,121,545) User Charges & Fees (8,671,002)(8,961,076)(9,273,974)(9,597,947)(9,920,584)(10,247,038)(10,582,703)(10,792,078)(11,008,435)(11,230,755) Other Revenues (454,187)(456,859)(459,603)(462,420)(465,313)(468,237)(471,285)(474,415)(477,630)(480,897) Grants & Contributions provided for Operating Purposes (28,000)(28,000)(28,000)(28,000)(28,000)(28,000)(28,000)(28,000)(28,000)(28,000) Grants & Contributions provided for Capital Purposes (174,749) 0 0 0 0 0 0 0 0 0 Interest & Investment Revenue (132,194)(150,756)(182,341)(235,334)(263,349)(285,998)(318,607)(355,029)(433,970)(487,308) Other Income (28,620)(29,211)(29,816)(30,436)(31,072)(31,708)(32,342)(32,989)(33,649)(34,322) Revenue From Continuing Operations (21,185,227)(22,010,089)(23,086,192)(23,975,573)(24,858,628)(25,760,837)(26,703,830)(27,546,774)(28,462,526)(29,382,827) Expenses From Continuing Operations Employee Benefits & On-Costs 1,898,3941,975,0332,054,7762,136,9572,222,4262,311,3132,403,7552,499,8952,599,8812,703,866 Materials & Services 14,974,02515,358,53314,991,36615,413,99215,841,32216,293,71316,775,06517,241,83117,736,13518,258,783 Depreciation & Amortisation 2,005,5002,209,4562,336,3152,336,3152,357,8792,370,9593,031,9773,231,9773,445,1703,445,170 Other Expenses 14,70014,70014,70014,70014,70014,70014,70014,70014,70014,700 Expenses From Continuing Operations 18,892,61819,557,72219,397,15719,901,96520,436,32620,990,68422,225,49722,988,40323,795,88624,422,519 Net Operating (Profit)/Loss (2,292,609)(2,452,367)(3,689,035)(4,073,609)(4,422,302)(4,770,154)(4,478,333)(4,558,371)(4,666,640)(4,960,308) Net Operating Result before Grants and Contributions provided for Capital Purposes (2,117,860)(2,452,367)(3,689,035)(4,073,609)(4,422,302)(4,770,154)(4,478,333)(4,558,371)(4,666,640)(4,960,308) Capital and Reserve Movements Capital Expenditure - One Off Confirmed 4,091,796 0 0 0 0 0 0 0 0 0 Capital Expenditure - Pending Projects 1,321,6632,150,7923,554,8033,512,315809,1586,954,6125,056,1803,134,645 0 0 Net Movements to/(from) Reserves (1,115,349)2,511,0322,470,5472,897,6095,971,022186,5002,454,1304,655,7038,111,8108,405,477 Total Capital and Reserve Movements 4,298,1094,661,8246,025,3506,409,9246,780,1807,141,1127,510,3107,790,3488,111,8108,405,477 Net Result 2,005,5002,209,4562,336,3152,336,3152,357,8792,370,9593,031,9773,231,9773,445,1703,445,170 Add back Depreciation Expense (non-cash) 2,005,5002,209,4562,336,3152,336,3152,357,8792,370,9593,031,9773,231,9773,445,1703,445,170 Cash Budget (Surplus)/Deficit 0 0 0 0 0 0 0 0 0 0
Appendix 13 - Stormwater levy ten-year financial plan
78 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
Budget 2023/24 Budget 2024/25 Budget 2025/26 Budget 2026/27 Budget 2027/28 Budget 2028/29 Budget 2029/30 Budget 2030/31 Budget 2031/32 Budget 2032/33 Revenue From Continuing Operations Rates & Annual Charges (739,057)(746,557)(754,057)(761,557)(769,057)(776,557)(784,057)(791,557)(799,057)(806,557) Revenue From Continuing Operations (739,057)(746,557)(754,057)(761,557)(769,057)(776,557)(784,057)(791,557)(799,057)(806,557) Expenses From Continuing Operations Materials & Services 64,10339,88540,68341,49642,32643,17344,03644,91745,81546,731 Borrowing Costs 11,4488,4455,2612,059 0 0 0 0 0 0 Expenses From Continuing Operations 75,55148,33045,94443,55542,32643,17344,03644,91745,81546,731 Net Operating (Profit)/Loss (663,506)(698,227)(708,113)(718,002)(726,731)(733,384)(740,021)(746,640)(753,242)(759,826) Net Operating Result before Grants and Contributions provided for Capital Purposes (663,506)(698,227)(708,113)(718,002)(726,731)(733,384)(740,021)(746,640)(753,242)(759,826) Capital and Reserve Movements Capital Expenditure - Pending Projects 3,868,560 0 0 0 0 0 0 0 0 0 Loan Repayments 94,06797,071100,254103,456 0 0 0 0 0 0 Net Movements to/(from) Reserves (3,299,121)601,157607,859614,546726,731733,384740,021746,640753,242759,826 Total Capital and Reserve Movements 663,506698,227708,113718,002726,731733,384740,021746,640753,242759,826 Cash Budget (Surplus)/Deficit 0 0 0 0 0 0 0 0 0 0
Appendix 14 - Budgeted income statement by function
79 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
Budget 2023/24 Budget 2024/25 Budget 2025/26 Budget 2026/27 Budget 2027/28 Budget 2028/29 Budget 2029/30 Budget 2030/31 Budget 2031/32 Budget 2032/33 Revenue From Continuing Operations Community Leadership and Collaboration (68,345,832)(70,413,206)(73,001,945)(76,277,626)(78,940,395)(81,510,244)(83,409,425)(86,481,096)(89,691,136)(93,223,521) Safe and Healthy Community (11,432,943)(15,059,321)(15,238,732)(11,642,141)(6,870,692)(6,982,440)(7,168,936)(7,462,449)(7,771,160)(8,087,109) Growing Economy (11,654,871)(11,965,636)(20,758,825)(12,591,761)(12,980,743)(13,276,922)(13,632,654)(14,041,468)(14,360,831)(14,179,494) Community Place and Identity (1,351,585)(1,290,779)(1,295,128)(1,270,810)(1,264,723)(1,268,254)(1,271,718)(1,275,231)(1,278,796)(1,282,413) The Environment (86,524,664)(74,634,544)(63,352,750)(73,661,341)(68,096,813)(71,228,280)(72,796,041)(75,270,374)(77,687,944)(80,557,138) Revenue From Continuing Operations (179,309,895)(173,363,486)(173,647,379)(175,443,680)(168,153,367)(174,266,139)(178,278,775)(184,530,619)(190,789,867)(197,329,675) Expenses From Continuing Operations Community Leadership and Collaboration 12,615,58512,809,04516,105,12916,668,22616,895,40517,903,79318,118,86718,663,91019,258,92119,870,405 Safe and Healthy Community 21,909,84022,329,32822,946,42023,371,65924,088,06124,858,60325,689,43626,553,90327,429,31928,209,497 Growing Economy 17,181,06117,903,89017,816,58717,953,50718,350,80318,569,79019,130,77519,482,78519,736,95320,102,933 Community Place and Identity 7,798,0747,968,9638,195,9908,432,6838,688,9428,944,3859,222,9269,500,2419,799,50710,096,420 The Environment 87,593,74490,606,08087,649,80789,550,79991,778,01293,047,34195,448,27698,104,939100,344,500102,415,332 Expenses From Continuing Operations 147,098,304151,617,307152,713,932155,976,874159,801,223163,323,912167,610,279172,305,776176,569,200180,694,588 Net Operating (Profit)/Loss (32,211,591)(21,746,179)(20,933,447)(19,466,807)(8,352,144)(10,942,228)(10,668,495)(12,224,843)(14,220,667)(16,635,087) Capital and Reserve Movements Community Leadership and Collaboration 7,759,8466,953,5146,609,0024,837,1506,969,7254,806,0444,512,8305,181,7925,707,0415,255,586 Safe and Healthy Community 11,339,68715,237,78112,099,6209,368,3821,362,8961,612,9961,224,892854,662808,138754,633 Growing Economy 4,586,2164,847,26210,219,3686,898,9751,668,7763,014,5581,261,1671,309,7411,279,069759,085 Community Place and Identity 425,315343,095133,22670,81755,23557,36059,79362,33064,97467,573 The Environment 77,333,38561,008,21633,672,41542,692,64428,252,99440,068,05829,298,10627,354,62824,031,27428,202,967 New Loan Borrowings (10,609,635)(10,425,367)(5,052,027)(4,078,217)(670,075)(2,134,706)(1,151,636)(1,174,668) 0 0 Proceeds from Sale of intangible & tangible Assets (1,490,575)(604,250)(1,043,500)(1,558,175)(1,101,500)(914,050)(1,285,375)(910,000)(910,000)(910,000) Net Movements to/(from) Reserves (12,841,071)(10,029,941)12,283,6208,777,93617,421,49610,089,11223,150,14126,150,78030,060,78628,372,345 Total Capital and Reserve Movements 76,503,16767,330,31068,921,72467,009,51153,959,54656,599,37157,069,91858,829,26661,041,28362,502,190 Net Result after Depreciation 44,291,57745,584,13147,988,27747,542,70545,607,40345,657,14446,401,42346,604,42346,820,61645,867,103 Add back Depreciation Expense (non-cash) 44,291,57744,878,02945,219,08445,316,93745,607,40245,657,14446,401,42346,604,42346,820,61646,820,616 Cash Budget (Surplus)/Deficit 0 706,1022,769,1932,225,767 0 0 0 0 0 (953,513)
80 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
81 LONG TERM FINANCIAL PLAN 2023-2024 WAGGA WAGGA CITY COUNCIL
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