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Maitland City Council

Long Term Financial PlanFor the period 2011/12 to 2020/21

Scenario 2 with 2.8% Rate Peg & 7.0% Rate Variation in Years 1 & 2

ContentsPage

General purpose financial report

Income statement 1Reconciliation of income statement to cash budget 1-2Balance sheet 3Statement of cash flows 4-5

Notes to the financial reports

Note 3(a) Rates and annual charges 6Note 3(b) User charges and fees 7Note 3(c) Interest and investment revenue 8Note 3(d) Other revenue 9Note 3(e) Grants 10-11Note 3(f) Contributions 12-13Note 4(a) Employee benefits & on costs 14Note 4(b) Borrowing costs 14Note 4(c) Materials and contracts 15Note 4(d) Depreciation, amortisation and impairment 16Note 4(e) Other expenses 17Note 5 Gain or loss from disposal of assets 18Note 6(a) Cash and cash equivalents 19Note 6(b) Investments 19Note 6(c) Restricted cash, cash equivalents and investments 20Note 7 Receivables 21-22Note 8 Inventories and other assets 23-24Note 9 Infrastructure, property, plant and equipment 25-34Note 10 Payables, borrowings and provisions 35-36Note 11 Reconciliation of cash flow movements 37Note 12 Statement of performance measures 38-39Reserve balances 40-45Section 94 balances 46-48

Maitland City CouncilLong Term Financial Plan

Income StatementFor the period 2011/12 to 2020/21

Scenario 2 with 2.8% Rate Peg & 7.0% Rate Variation in Years 1 & 2Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10

Financial Draft Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate TotalReport 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2020/21Notes ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000)

Income from continuing operationsRevenue:Rates and annual charges 3(a) 40,505 45,151 47,213 49,341 51,659 53,475 55,893 58,550 60,236 62,805 524,828User charges and fees 3(b) 6,958 7,682 8,428 9,128 9,850 10,592 11,358 12,146 12,957 13,794 102,893Interest and investment revenue 3(c) 1,917 2,215 1,783 1,712 1,739 1,695 1,813 1,955 1,564 1,645 18,038Other revenues 3(d) 2,353 2,423 2,494 2,568 2,643 2,722 2,802 2,884 2,969 3,056 26,914Grants and contributions - operating 3(e&f) 7,709 7,939 8,178 8,423 8,675 8,933 9,200 9,473 9,757 10,047 88,334Grants and contributions - capital 3(e&f) 11,481 11,945 12,011 12,078 11,648 11,720 11,793 11,869 11,947 12,027 118,519Other Income:Net gain from the disposal of assets 5 0 0 0 0 0 0 0 0 0 0 0Total income from continuing operations 70,923 77,355 80,107 83,250 86,214 89,137 92,859 96,877 99,430 103,374 879,526

Expenses from continuing operationsEmployee benefits and on-costs 4(a) 25,730 27,266 28,881 30,650 32,514 34,476 36,543 38,721 41,016 43,435 339,232Borrowing costs 4(b) 868 901 837 763 769 809 821 758 694 704 7,924Materials and contracts 4(c) 12,225 15,595 16,302 16,805 16,663 17,274 17,890 18,509 19,129 19,758 170,150Depreciation and amortisation 4(d) 9,738 10,031 10,332 10,642 10,962 11,292 11,630 11,978 12,337 12,706 111,648Other expenses 4(e) 10,804 12,373 13,670 14,915 16,214 17,566 18,978 20,453 21,995 23,607 170,575Net loss from the disposal of assets 5 0 0 0 0 0 0 0 0 0 0 0Total expenses from continuing operations 59,365 66,166 70,022 73,775 77,122 81,417 85,862 90,419 95,171 100,210 799,529

Operating result from continuing operations 11,558 11,189 10,085 9,475 9,092 7,720 6,997 6,458 4,259 3,164 79,997

Less: Transfers to Reserves &Balance Sheet ItemsTransfers to restricted assets (Internal reserves) (895) (2,152) (2,289) (2,288) (2,642) (2,111) (1,465) (2,121) (250) (250) (16,463)Transfers to restricted assets (Section 94) (9,390) (10,675) (10,653) (10,593) (10,021) (10,065) (10,114) (10,165) (10,231) (10,301) (102,208)Plant & equipment purchases (2,085) (1,755) (1,416) (1,458) (3,505) (2,297) (1,973) (1,641) (1,690) (3,744) (21,564)Other capital expenditure (10,643) (17,467) (19,746) (18,282) (18,721) (15,566) (16,585) (25,115) (16,160) (18,965) (177,250)Loan repayments - Principal (1,781) (1,817) (1,858) (1,830) (1,660) (1,830) (1,701) (1,500) (1,446) (1,162) (16,585)Hire purchase repayments - Principal (527) (618) (620) (677) (659) (606) (571) (620) (677) (659) (6,234)

(25,321) (34,484) (36,582) (35,128) (37,208) (32,475) (32,409) (41,162) (30,454) (35,081) (340,304)

Total funds required (13,763) (23,295) (26,497) (25,653) (28,116) (24,755) (25,412) (34,704) (26,195) (31,917) (260,307)

1

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10Financial Draft Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate TotalReport 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2020/21Notes ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000)

Funded by:Loan drawdowns - Status Quo 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 10,000Loan drawdowns - Additional 0 0 0 0 0 0 0 0 0 0 0Hire purchase drawdowns 750 380 0 0 2,003 750 380 0 0 2,003 6,266Non cash funding - depreciation 9,738 10,031 10,332 10,642 10,962 11,292 11,630 11,978 12,337 12,706 111,648Non cash funding - amortisation of tip asset 0 0 0 0 0 0 0 0 0 0 0Transfers from internal reserves 1,068 1,225 2,882 1,225 4,224 1,225 273 9,110 250 250 21,732Transfers from S.94 reserves 1,224 2,305 2,308 2,311 2,089 2,092 1,933 1,936 1,871 0 18,069

13,780 14,941 16,522 15,178 20,278 16,359 15,216 24,024 15,458 15,959 167,715

Cash Surplus (Deficit) 17 (8,354) (9,975) (10,475) (7,838) (8,396) (10,196) (10,680) (10,737) (15,958) (92,592)

Notes1. Transfers to internally restricted assets:Economic development reserve 0 0 0 0 0 0 0 0 0 0 0Computer reserve (300) (400) (400) (200) (200) (200) (200) (200) (200) (200) (2,500)Waste depot construction reserve 0 (1,000) (1,000) (1,000) (1,000) (1,000) (50) (50) (50) (50) (5,200)Waste depot rehabilitation reserve (310) (423) (497) (593) (724) (911) (1,215) (1,871) 0 0 (6,544)Transfer station construction reserve (285) (329) (392) (495) (718) 0 0 0 0 0 (2,219)

(895) (2,152) (2,289) (2,288) (2,642) (2,111) (1,465) (2,121) (250) (250) (16,463)

2. Transfers from internally restricted assetsEconomic development reserve 0 0 0 0 0 0 0 0 0 0 0Computer reserve 250 200 1,857 200 200 200 200 200 200 200 3,707Workers compensation reserve 0 0 0 0 0 0 0 0 0 0 0Asset management reserve 0 0 0 0 0 0 0 0 0 0 0Compensatory habitat reserve 25 25 25 25 25 25 23 0 0 0 173Waste depot construction reserve 0 1,000 1,000 1,000 1,000 1,000 50 50 50 50 5,200Waste depot rehabilitation reserve 0 0 0 0 0 0 0 8,860 0 0 8,860Transfer station construction reserve 0 0 0 0 2,999 0 0 0 0 0 2,999Unrestricted cash reserve 793 0 0 0 0 0 0 0 0 0 793

1,068 1,225 2,882 1,225 4,224 1,225 273 9,110 250 250 21,732

2


Balance SheetFor the period 2011/12 to 2020/21

Scenario 2 with 2.8% Rate Peg & 7.0% Rate Variation in Years 1 & 2

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10Draft Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate

2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21Notes ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000)

ASSETSCurrent assets Cash & cash equivalents 6 4,500 0 0 0 0 0 0 0 0 0Investments 6 15,222 14,173 12,976 12,734 12,061 13,028 14,207 10,603 11,230 11,938Receivables 7 2,129 2,321 2,403 2,497 2,587 2,675 2,786 2,907 2,983 3,101Inventories 8 294 303 312 321 331 341 351 362 373 384Other 8 0 0 0 0 0 0 0 0 0 0Total current assets 22,145 16,797 15,691 15,552 14,979 16,044 17,344 13,872 14,586 15,423

Non-current assets Investments 6 13,148 9,448 8,650 8,490 8,041 8,686 9,471 7,068 7,486 7,958Receivables 7 0 0 0 0 0 0 0 0 0 0Inventories 8 0 0 0 0 0 0 0 0 0 0Infrastructure, property, plant and equipment 9 765,847 786,779 809,350 827,689 847,969 863,556 879,500 903,294 917,823 927,826Total non-current assets 778,995 796,227 818,000 836,179 856,010 872,242 888,971 910,362 925,309 935,784

Total assets 801,140 813,024 833,691 851,731 870,989 888,286 906,315 924,234 939,895 951,207

LIABILITIESCurrent liabilities Payables 10 3,928 4,949 5,142 5,271 5,230 5,425 5,613 5,780 5,947 6,138Projected cash shortfall 10 0 489 12,108 21,775 31,013 40,786 52,216 64,314 76,345 82,781Borrowings 10 2,435 2,478 2,507 2,319 2,436 2,272 2,120 2,123 1,821 1,707Provisions 10 7,385 7,625 7,873 8,149 8,434 8,729 9,035 9,351 9,678 10,017Total current liabilities 13,748 15,541 27,630 37,514 47,113 57,212 68,984 81,568 93,791 100,643

Non-current liabilitiesPayables 10 0 0 0 0 0 0 0 0 0 0Borrowings 10 11,238 10,140 8,633 7,314 7,881 7,359 6,619 5,496 4,675 5,971Provisions 10 4,764 4,764 4,764 4,764 4,764 4,764 4,764 4,764 4,764 4,764Total non-current liabilities 16,002 14,904 13,397 12,078 12,645 12,123 11,383 10,260 9,439 10,735

Total liabilities 29,750 30,445 41,027 49,592 59,758 69,335 80,367 91,828 103,230 111,378

Net assets 771,390 782,579 792,664 802,139 811,231 818,951 825,948 832,406 836,665 839,829

EQUITYRetained earnings 589,426 600,615 610,700 620,175 629,267 636,987 643,984 650,442 654,701 657,865Revaluations reserves 181,964 181,964 181,964 181,964 181,964 181,964 181,964 181,964 181,964 181,964Total equity 771,390 782,579 792,664 802,139 811,231 818,951 825,948 832,406 836,665 839,829

3


Cash flow statementFor the period 2011/12 to 2020/21

Scenario 2 with 2.8% Rate Peg & 7.0% Rate Variation in Years 1 & 2Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10Draft Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate

2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000)

Cash flows from operating activitiesReceipts:Rates and annual charges 40,389 45,011 47,152 49,277 51,589 53,421 55,820 58,470 60,186 62,728User charges and fees 6,953 7,661 8,405 9,107 9,828 10,570 11,335 12,123 12,932 13,769Investment revenue and interest 1,910 2,207 1,796 1,714 1,738 1,696 1,810 1,950 1,576 1,643Grants and contributions 19,194 19,863 20,180 20,492 20,328 20,643 20,983 21,332 21,693 22,063Other 2,481 2,652 2,731 2,833 2,916 3,004 3,096 3,186 3,283 3,381Payments:Employee benefits and on-costs 25,730 27,266 28,881 30,650 32,514 34,476 36,543 38,721 41,016 43,435Materials and contracts 12,885 14,584 16,090 16,654 16,706 17,091 17,705 18,323 18,943 19,570Borrowing costs 933 891 856 785 767 797 818 777 713 701Other 10,804 12,373 13,670 14,915 16,214 17,566 18,978 20,453 21,995 23,607

Net cash provided by (or used in) operating activities 20,575 22,280 20,767 20,419 20,198 19,404 19,000 18,787 17,003 16,271

Cash flows from investing activitiesReceipts:Sale of investmentsSale of real estate assets 4,466 4,749 1,995 402 1,122 0 0 6,007 0 0Sale of infrastructure, property, plant and equipment 0 0 0 0 0 0 0 0 0 0Other 0 0 0 0 0 0 0 0 0 0Payments:Purchase of investments 0 0 0 0 0 1,612 1,964 0 1,045 1,180Purchase of infrastructure, property, plant and equipment 24,469 30,963 32,903 28,981 31,242 26,879 27,574 35,772 26,866 22,709Purchase of real estate assets held for resale 0 0 0 0 0 0 0 0 0 0Other 0 0 0 0 0 0 0 0 0 0

Net cash provided by (or used in) investing activities (20,003) (26,214) (30,908) (28,579) (30,120) (28,491) (29,538) (29,765) (27,911) (23,889)

Cash flow from financing activitiesReceipts:Borrowings and advances 1,750 1,380 1,000 1,000 3,003 1,750 1,380 1,000 1,000 3,003Payments:Borrowings and advances 2,308 2,435 2,478 2,507 2,319 2,436 2,272 2,120 2,123 1,821

Net cash provided by (or used in) financing activities (558) (1,055) (1,478) (1,507) 684 (686) (892) (1,120) (1,123) 1,182

Net increase/(decrease) in cash and cash equivalents 14 (4,989) (11,619) (9,667) (9,238) (9,773) (11,430) (12,098) (12,031) (6,436)Cash and cash equivalents at beginning of reporting period 4,486 4,500 (489) (12,108) (21,775) (31,013) (40,786) (52,216) (64,314) (76,345)Cash and cash equivalents at end of reporting period 4,500 (489) (12,108) (21,775) (31,013) (40,786) (52,216) (64,314) (76,345) (82,781)

4


Cash flow statementFor the period 2011/12 to 2020/21

Scenario 2 with 2.8% Rate Peg & 7.0% Rate Variation in Years 1 & 2Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10Draft Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate

2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000)

5


For the period 2011/12 to 2020/21Scenario 2 with 2.8% Rate Peg & 7.0% Rate Variation in Years 1 & 2

Note 3 Revenue from continuing operationsYear 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10Draft Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate

2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000)

(a) Rates and annual charges

Ordinary RatesResidential 22,306 24,537 25,516 26,532 27,586 28,679 29,813 30,990 32,210 33,476Additional residential properties 0 236 243 251 258 266 274 282 291 299Total residential 22,306 24,773 25,759 26,783 27,844 28,945 30,087 31,272 32,501 33,775Farmland 1,612 1,773 1,826 1,881 1,937 1,995 2,055 2,117 2,181 2,246Mining 255 281 289 298 307 316 325 335 345 355Business 7,595 8,355 8,606 8,864 9,130 9,404 9,686 9,977 10,276 10,584

Total ordinary rates 31,768 35,182 36,480 37,826 39,218 40,660 42,153 43,701 45,303 46,960

Special RatesMaitland CBD / Mall 507 558 575 592 610 628 647 666 686 707

Total special rates 507 558 575 592 610 628 647 666 686 707

Total rates 32,275 35,740 37,055 38,418 39,828 41,288 42,800 44,367 45,989 47,667

Annual ChargesDomestic Waste Management Services 6,923 7,914 8,544 9,197 9,990 10,227 11,011 11,975 11,910 12,667Stormwater Management Services 629 648 667 687 708 729 751 774 797 821Commercial Waste Management Services 678 849 947 1,039 1,133 1,231 1,331 1,434 1,540 1,650

Total annual charges 8,230 9,411 10,158 10,923 11,831 12,187 13,093 14,183 14,247 15,138

Total rates and annual charges 40,505 45,151 47,213 49,341 51,659 53,475 55,893 58,550 60,236 62,805

6



Note 3 Revenue from continuing operations (continued)Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10Draft Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate

2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000)

(b) User charges and fees

User charges (pursuant to s.502)Waste Management Services (not domestic) 3,538 4,159 4,799 5,391 6,001 6,629 7,276 7,942 8,628 9,335

Total user charges 3,538 4,159 4,799 5,391 6,001 6,629 7,276 7,942 8,628 9,335

FeesRegulatory/Statutory Fees 1,569 1,616 1,664 1,714 1,765 1,818 1,873 1,929 1,987 2,047RTA Charges (State roads not controlled by Council) 600 618 637 656 676 696 717 739 761 784Private Works 25 26 27 28 29 30 31 32 33 34s.611 20 21 22 23 24 25 26 27 28 29Other - Swimming Facilities 279 287 296 305 314 323 333 343 353 364 - Cemeteries 60 62 64 66 68 70 72 74 76 78 - Libraries 53 55 57 59 61 63 65 67 69 71 - Food Inspections 55 57 59 61 63 65 67 69 71 73 - Principle Certifying Authority (Building Inspections) 260 268 276 284 293 302 311 320 330 340 - CC & CD Private Accredited Certifier 15 15 15 15 15 15 15 15 15 15 - Outstanding Notices Fee 40 41 42 43 44 45 46 47 48 49 - Rezoning Applications 100 103 106 109 112 115 118 122 126 130 - Construction Certificates 45 46 47 48 49 50 52 54 56 58 - Subdivision Certificates Fees 25 26 27 28 29 30 31 32 33 34 - Principle Certifying Authority (Subdivisions) 140 144 148 152 157 162 167 172 177 182 - Connection to Garbage Service 40 41 42 43 44 45 46 47 48 49 - Other 94 97 100 103 106 109 112 115 118 122

Total fees 3,420 3,523 3,629 3,737 3,849 3,963 4,082 4,204 4,329 4,459

Total user charges and fees 6,958 7,682 8,428 9,128 9,850 10,592 11,358 12,146 12,957 13,794

7




2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000)

(c) Interest and investment revenue

Interest and dividends - Overdue rates and charges 300 309 318 328 338 348 358 369 380 391 - Cash and investments 1,617 1,906 1,465 1,384 1,401 1,347 1,455 1,586 1,184 1,254 - Other 0 0 0 0 0 0 0 0 0 0Impairment losses - Investments 0 0 0 0 0 0 0 0 0 0

Total interest and investment revenue 1,917 2,215 1,783 1,712 1,739 1,695 1,813 1,955 1,564 1,645

8




2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000)

(d) Other revenues

Fines 285 294 303 312 321 331 341 351 362 373Rental income 468 482 496 511 526 542 558 575 592 610Recycling Income (Non domestic) 55 57 59 61 63 65 67 69 71 73Legal Fees Recovery (Rates) 3 3 3 3 3 3 3 3 3 3Legal Fees Recovery (Other) 0 0 0 0 0 0 0 0 0 0Commissions & Agency Fees 36 37 38 39 40 41 42 43 44 45Other - Tourism 889 916 943 971 1,000 1,030 1,061 1,093 1,126 1,160 - Library Sundry Income 9 9 9 9 9 9 9 9 9 9 - Waste Performance Improvement Rebate 400 412 424 437 450 464 478 492 507 522 - Art Gallery Educational Programs 6 6 6 6 6 6 6 6 6 6 - Art Gallery Public Programs 3 3 3 3 3 3 3 3 3 3 - Art Gallery Merchandise Sales 54 56 58 60 62 64 66 68 70 72 - MRAG Sponsorship Income 4 4 4 4 4 4 4 4 4 4 - Development Assessment Sundry Income 7 7 7 7 7 7 7 7 7 7 - Building Assessment Sundry Income 1 1 1 1 1 1 1 1 1 1 - Co-op Advertising - CBD 10 10 10 10 10 10 10 10 10 10 - Sponsor Income - CBD 2 2 2 2 2 2 2 2 2 2 - Site & Entry Fees Income - CBD 7 7 7 7 7 7 7 7 7 7 - Other 114 117 121 125 129 133 137 141 145 149

Total other revenues 2,353 2,423 2,494 2,568 2,643 2,722 2,802 2,884 2,969 3,056

9




2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000)

(e) Grants - Operating

General Purpose (Untied) - Financial Assistance Equalisation component 5,310 5,469 5,633 5,802 5,976 6,155 6,340 6,530 6,726 6,928 - Pensioners' Rates Subsidies General 536 552 569 586 604 622 641 660 680 700

Specific Purpose - Pensioners' Rates Subsidies DWM 179 184 190 196 202 208 214 220 227 234 - Greening Plan 0 0 0 0 0 0 0 0 0 0 - Library 177 182 187 193 199 205 211 217 224 231 - Community Options 507 522 538 554 571 588 606 624 643 662 - Community Development 9 9 9 9 9 9 9 9 9 9 - ADD and DOCS 39 40 41 42 43 44 45 46 47 48 - Street lighting 85 88 91 94 97 100 103 106 109 112 - Noxious Weeds 18 19 20 21 22 23 24 25 26 27 - Road Safety 45 46 47 48 49 50 52 54 56 58 - Art Gallery 0 0 0 0 0 0 0 0 0 0 - Other 13 13 13 13 13 13 13 13 13 13

Total operating grants 6,918 7,124 7,338 7,558 7,785 8,017 8,258 8,504 8,760 9,022

10




2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000)

(e) Grants - Capital

General Purpose (Untied) - Financial Assistance Local roads component 1,120 1,154 1,189 1,225 1,262 1,300 1,339 1,379 1,420 1,463

Specific PurposeOther - Transport (3x3, Flood Works, Road to Recovery) 641 660 680 700 721 743 765 788 812 836 - Other 0 0 0 0 0 0 0 0 0 0

Total capital grants 1,761 1,814 1,869 1,925 1,983 2,043 2,104 2,167 2,232 2,299

11




2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000)

(f) Contributions - Operating

RTA Contributions (Regional/Local, Road to Recovery) 286 295 304 313 322 332 342 352 363 374Other - Traineeships 0 0 0 0 0 0 0 0 0 0 - Art Gallery Donations 14 14 14 14 14 14 14 14 14 14 - Greening Plan 0 0 0 0 0 0 0 0 0 0 - Immunisation 10 10 10 10 10 10 10 10 10 10 - Rural Fire Service (Cessnock City Council) 67 69 71 73 75 77 79 81 83 85 - Staff Motor Vehicle Lease Payments 155 160 165 170 175 180 185 191 197 203 - Fuel Tax Credit Income 84 87 90 93 96 99 102 105 108 111 - Staff Uniform Purchases 20 21 22 23 24 25 26 27 28 29 - Tourism Subscriptions 18 19 20 21 22 23 24 25 26 27 - Road Restoration Inspections 7 7 7 7 7 7 7 7 7 7 - Contribution to MV Costs - Contract Employees 114 117 121 125 129 133 137 141 145 149 - Other 16 16 16 16 16 16 16 16 16 16

Total operating contributions 791 815 840 865 890 916 942 969 997 1,025

Total operating grants and contributions 7,709 7,939 8,178 8,423 8,675 8,933 9,200 9,473 9,757 10,047

12




2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000)

(f) Contributions - Capital

Development Contributions (S94) 8,750 9,750 9,750 9,750 9,250 9,250 9,250 9,250 9,250 9,250RTA Contributions (Regional/Local, Road to Recovery) 328 338 348 358 369 380 391 403 415 427Paving 31 32 33 34 35 36 37 38 39 40Kerb and Gutter 11 11 11 11 11 11 11 11 11 11Developer Contributions (Not S94) 0 0 0 0 0 0 0 0 0 0Other - NSW Rural Fire Service 600 0 0 0 0 0 0 0 0 0 - Other 0 0 0 0 0 0 0 0 0 0

Total capital contributions 9,720 10,131 10,142 10,153 9,665 9,677 9,689 9,702 9,715 9,728

Total capital grants and contributions 11,481 11,945 12,011 12,078 11,648 11,720 11,793 11,869 11,947 12,027

13



Note 4 Expenses from continuing operationsYear 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10Draft Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate

2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000)

(a) Employee benefits and on costs

Salaries and Wages 22,013 23,430 24,921 26,553 28,275 30,092 32,009 34,031 36,164 38,415Travelling 225 232 240 248 257 266 275 285 295 305Superannuation 2,112 2,181 2,252 2,331 2,413 2,497 2,584 2,674 2,768 2,865Workers' Compensation Insurance 907 936 966 1,000 1,035 1,071 1,108 1,147 1,187 1,229FBT 150 155 160 166 172 178 184 190 197 204Training Costs (excluding salaries) 309 318 328 338 348 358 369 380 391 403Other 14 14 14 14 14 14 14 14 14 14Total Operating Employee Costs 25,730 27,266 28,881 30,650 32,514 34,476 36,543 38,721 41,016 43,435Less: Capitalised costs 0 0 0 0 0 0 0 0 0 0

Total employee costs expensed 25,730 27,266 28,881 30,650 32,514 34,476 36,543 38,721 41,016 43,435

(b) Borrowing costs

Interest on Overdraft 0 0 0 0 0 0 0 0 0 0Interest on Loans - Status quo 698 692 679 662 650 637 614 600 593 585Interest on Loans - Additional 0 0 0 0 0 0 0 0 0 0Interest on Hire Purchase 170 209 158 101 119 172 207 158 101 119Amortisation of discounts and premiums: - Remediation (Tip) 0 0 0 0 0 0 0 0 0 0

Total borrowing costs expensed 868 901 837 763 769 809 821 758 694 704

14



Note 4 Expenses from continuing operations (continued)Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10Draft Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate

2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000)

(c) Materials and contracts

Raw materials and consumables - Repairs & maintenance 4,675 6,318 6,748 6,963 6,525 6,833 7,135 7,431 7,720 8,007 - Other 2,814 2,898 2,985 3,075 3,167 3,262 3,360 3,461 3,565 3,672Contractor and consultancy costs - Fire protection services 26 27 28 29 30 31 32 33 34 35 - Security services 59 61 63 65 67 69 71 73 75 77 - Cleaning services 354 365 376 387 399 411 423 436 449 462 - Air conditioning maintenance 38 39 40 41 42 43 44 45 46 47 - Valuation services 151 156 161 166 171 176 181 186 192 198 - Cemetery maintenance 56 58 60 62 64 66 68 70 72 74 - RSPCA 175 180 185 191 197 203 209 215 221 228 - Kerbside recycling 1,546 1,592 1,640 1,689 1,740 1,792 1,846 1,901 1,958 2,017 - Leachate & gas monitoring - Waste Depot 50 52 54 56 58 60 62 64 66 68 - Rates agency collections 90 93 96 99 102 105 108 111 114 117 - Microsoft licensing assurance 160 165 170 175 180 185 191 197 203 209 - Mulching green waste 30 31 32 33 34 35 36 37 38 39 - Infringement processing bureau 35 36 37 38 39 40 41 42 43 44 - Other contractor and consultancy costs 225 232 239 246 253 261 269 277 285 294Audit fees - Audit services 48 49 50 52 54 56 58 60 62 64 - Other 45 46 47 48 49 50 52 54 56 58Legal fees: - Planning and development 80 82 84 87 90 93 96 99 102 105 - Other 300 309 318 328 338 348 358 369 380 391Operating leases: - Buildings 37 1,538 1,584 1,632 1,681 1,731 1,783 1,836 1,891 1,948 - Computers 220 227 234 241 248 255 263 271 279 287 - Other 141 145 149 153 158 163 168 173 178 183

Other - IT system development 100 103 106 109 112 115 118 122 126 130 - Community options service subsidy 129 133 137 141 145 149 153 158 163 168 - Water rates 306 315 324 334 344 354 365 376 387 399 - Postage & courier services 110 113 116 119 123 127 131 135 139 143 - Printing & stationery 225 232 239 246 253 261 269 277 285 294

Total materials and contracts 12,225 15,595 16,302 16,805 16,663 17,274 17,890 18,509 19,129 19,758

15




2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000)

(d) Depreciation, amortisation and impairment

Buildings - Non specialised 670 690 711 732 754 777 800 824 849 874 - Specialised 700 721 743 765 788 812 836 861 887 914Plant and equipment 1,850 1,906 1,963 2,022 2,083 2,145 2,209 2,275 2,343 2,413Furniture & fittings 60 62 64 66 68 70 72 74 76 78Office equipment 165 170 175 180 185 191 197 203 209 215Infrastructure - Roads, bridges & footpaths 3,190 3,286 3,385 3,487 3,592 3,700 3,811 3,925 4,043 4,164 - Stormwater drainage 1,000 1,030 1,061 1,093 1,126 1,160 1,195 1,231 1,268 1,306Community improvements & park equipment 1,660 1,710 1,761 1,814 1,868 1,924 1,982 2,041 2,102 2,165Tip asset 0 0 0 0 0 0 0 0 0 0Other Assets - Library books 200 206 212 218 225 232 239 246 253 261 - Bushfire equipment 240 247 254 262 270 278 286 295 304 313 - Musical equipment 3 3 3 3 3 3 3 3 3 3

Total depreciation and total impairment 9,738 10,031 10,332 10,642 10,962 11,292 11,630 11,978 12,337 12,706

16




2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000)

(e) Other expenses

Other expenses for the yearinclude the following:

Bad & Doubtful Debts 10 10 10 10 10 10 10 10 10 10Insurance 960 989 1,019 1,050 1,082 1,114 1,147 1,181 1,216 1,252Mayoral Allowance 35 36 37 38 39 40 41 42 43 44Councillors' Fees and Allowances 192 198 204 210 216 222 229 236 243 250Councillors' Expenses 163 168 173 178 183 188 194 200 206 212Telephone 158 163 168 173 178 183 188 194 200 206Street Lighting 1,722 1,963 2,159 2,375 2,613 2,874 3,161 3,477 3,825 4,208Electricity 534 550 567 584 602 620 639 658 678 698Contributions & Donations 883 909 936 964 993 1,023 1,054 1,086 1,119 1,153Tourism Expenses 697 718 740 762 785 809 833 858 884 911State Government Waste Disposal Levy 5,150 6,360 7,339 8,244 9,176 10,136 11,125 12,143 13,192 14,273Other - Advertising 109 112 115 118 122 126 130 134 138 142 - Bank Charges 101 104 107 110 113 116 119 123 127 131 - Property Acquisition Expenses 3 3 3 3 3 3 3 3 3 3 - Other 87 90 93 96 99 102 105 108 111 114

Total other expenses 10,804 12,373 13,670 14,915 16,214 17,566 18,978 20,453 21,995 23,607

17



Note 5 Gain or loss from disposal of assetsYear 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10Draft Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate

2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000)

Gain (or loss) on disposal of Property

Proceeds from disposal 0 0 0 0 0 0 0 0 0 0Less: Carrying amount of assets sold 0 0 0 0 0 0 0 0 0 0Gain (or loss) on disposal 0 0 0 0 0 0 0 0 0 0

Gain (or loss) on disposal of Infrastructure,Plant and Equipment


Gain (or loss) on disposal of Financial assetsheld for sale


Net gain (or loss) on disposal of assets 0 0 0 0 0 0 0 0 0 0

18



Note 6(a) Cash and cash equivalentsYear 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10Draft Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate

2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000)

Cash at bank and on hand 1,500 0 0 0 0 0 0 0 0 0Deposits at call 3,000 0 0 0 0 0 0 0 0 0

Total cash and cash equivalents 4,500 0 0 0 0 0 0 0 0 0

Note 6(b) Investments - CurrentThe following financial assets are held as investments:

Financial assets at fair value throughProfit and Loss 0 0 0 0 0 0 0 0 0 0Held to maturity assets 15,222 14,173 12,976 12,734 12,061 13,028 14,207 10,603 11,230 11,938Available for sale financial assets 0 0 0 0 0 0 0 0 0 0Total 15,222 14,173 12,976 12,734 12,061 13,028 14,207 10,603 11,230 11,938

Note 6(b) Investments - Non currentThe following financial assets are held as investments:

Financial assets at fair value throughProfit and Loss 0 0 0 0 0 0 0 0 0 0Held to maturity assets 13,148 9,448 8,650 8,490 8,041 8,686 9,471 7,068 7,486 7,958Available for sale financial assets 0 0 0 0 0 0 0 0 0 0Total 13,148 9,448 8,650 8,490 8,041 8,686 9,471 7,068 7,486 7,958

Total investments 28,370 23,621 21,626 21,224 20,102 21,714 23,678 17,671 18,716 19,896

Total cash, cash equivalents and investments 32,870 23,621 21,626 21,224 20,102 21,714 23,678 17,671 18,716 19,896

19



Note 6(c) Restricted cash, cash equivalents and investments - CurrentYear 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10Draft Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate

2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000)

Cash, cash equivalents and investments - CurrentExternal restrictions 2,789 5,112 4,508 3,203 4,112 4,193 4,180 7,565 8,192 8,900Internal restrictions 8,134 9,061 8,468 9,531 7,949 8,835 10,027 3,038 3,038 3,038Unresricted 8,799 0 0 0 0 0 0 0 0 0Total current 19,722 14,173 12,976 12,734 12,061 13,028 14,207 10,603 11,230 11,938

20



Note 7 Receivables - CurrentYear 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10Draft Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate

2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000)

Rates and annual charges 1,215 1,355 1,416 1,480 1,550 1,604 1,677 1,757 1,807 1,884User charges and fees 209 230 253 274 296 318 341 364 389 414Government grants and subsidies 576 597 606 615 610 620 630 640 651 662Interest and extra charges 58 66 53 51 52 51 54 59 47 49Other 71 73 75 77 79 82 84 87 89 92

Total 2,129 2,321 2,403 2,497 2,587 2,675 2,786 2,907 2,983 3,101Less: Provision for impairment - Rates and annual charges 0 0 0 0 0 0 0 0 0 0 - User charges and fees 0 0 0 0 0 0 0 0 0 0 - Other 0 0 0 0 0 0 0 0 0 0

2,129 2,321 2,403 2,497 2,587 2,675 2,786 2,907 2,983 3,101

Restricted receivables - Current

Externally restricted receivables

Domestic waste management 52 54 56 58 60 62 64 66 68 70RTA contributions and donations 258 266 274 282 290 299 308 317 327 337RTA user charges and fees 88 91 94 97 100 103 106 109 112 115Total externally restricted receivables 398 411 424 437 450 464 478 492 507 522Unrestricted receivables 1,731 1,910 1,979 2,060 2,137 2,211 2,308 2,415 2,476 2,579

Total receivables 2,129 2,321 2,403 2,497 2,587 2,675 2,786 2,907 2,983 3,101

21

22Maitland City CouncilLong Term Financial Plan


Note 7 Receivables - Non currentYear 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10Draft Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate

2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000)

Rates and annual charges 0 0 0 0 0 0 0 0 0 0User charges and fees 0 0 0 0 0 0 0 0 0 0Government grants and subsidies 0 0 0 0 0 0 0 0 0 0Interest and extra charges 0 0 0 0 0 0 0 0 0 0Other 0 0 0 0 0 0 0 0 0 0

Total 0 0 0 0 0 0 0 0 0 0Less: Provision for impairment - Rates and annual charges 0 0 0 0 0 0 0 0 0 0 - User charges and fees 0 0 0 0 0 0 0 0 0 0 - Other 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0

Restricted receivables - Non current

Externally restricted receivables

Domestic waste management 0 0 0 0 0 0 0 0 0 0RTA contributions and donations 0 0 0 0 0 0 0 0 0 0RTA user charges and fees 0 0 0 0 0 0 0 0 0 0Total externally restricted receivables 0 0 0 0 0 0 0 0 0 0Unrestricted receivables 0 0 0 0 0 0 0 0 0 0

Total receivables 0 0 0 0 0 0 0 0 0 0

22



Note 8 Inventories and other assets - CurrentYear 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10Draft Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate

2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000)

InventoriesStores and materials 294 303 312 321 331 341 351 362 373 384

Total inventories 294 303 312 321 331 341 351 362 373 384

Inventories not expected to be realisedwithin the next 12 months 0 0 0 0 0 0 0 0 0 0

Other assetsPrepayments 0 0 0 0 0 0 0 0 0 0

Total other assets 0 0 0 0 0 0 0 0 0 0

Externally restricted inventories andother assets - Current

Total externally restricted inventoriesand other assets 0 0 0 0 0 0 0 0 0 0

Unrestricted inventories and otherassets 294 303 312 321 331 341 351 362 373 384

Total inventories and other assets 294 303 312 321 331 341 351 362 373 384Total receivables

23



Note 8 Inventories and other assets - Non currentYear 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10Draft Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate

2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000)

InventoriesStores and materials 0 0 0 0 0 0 0 0 0 0

Total inventories 0 0 0 0 0 0 0 0 0 0

Inventories not expected to be realisedwithin the next 12 months 0 0 0 0 0 0 0 0 0 0

Other assetsPrepayments 0 0 0 0 0 0 0 0 0 0

Total other assets 0 0 0 0 0 0 0 0 0 0

Externally restricted inventories andother assets - Non current

Total externally restricted inventoriesand other assets 0 0 0 0 0 0 0 0 0 0

Unrestricted inventories and otherassets 0 0 0 0 0 0 0 0 0 0

Total inventories and other assets 0 0 0 0 0 0 0 0 0 0Total receivables

24



Note 9 Infrastructure, property, plant and equipment

As at 30 June 2011 Movements during 2011/12 As at 30 June 2012Cost/ WDV Revaluation Cost/

deemed Fair Accum of Transfers/ increments/ deemed Fair AccumBY ASSET TYPE cost value Depn WDV Addtions disposals Depn adjustments decrements cost value Depn WDV

Plant & equipment 0 15,820 9,724 6,096 2,085 0 1,850 0 0 0 17,905 11,574 6,331Office equipment 2,101 0 1,881 220 396 0 165 0 0 2,497 0 2,046 451Furniture and fittings 1,082 0 904 178 0 0 60 0 0 1,082 0 964 118Land - Operational Land 0 71,292 0 71,292 0 0 0 0 0 0 71,292 0 71,292 - Community Land 141,608 0 0 141,608 0 0 0 0 0 141,608 0 0 141,608Buildings - Non specialised 0 47,924 24,971 22,953 937 0 670 0 0 0 48,861 25,641 23,220 - Specialised 0 42,296 27,861 14,435 0 0 700 0 0 0 42,296 28,561 13,735Park equip & community improvements 0 45,191 18,296 26,895 7,636 0 1,660 0 0 0 52,827 19,956 32,871Infrastructure - Roads, bridges and footpaths 0 476,628 108,468 368,160 11,578 0 3,190 0 0 0 488,206 111,658 376,548 - Storm water drainage 0 109,240 14,577 94,663 961 0 1,000 0 0 0 110,201 15,577 94,624Other assets - Library books 3,180 0 2,774 406 240 0 200 0 0 3,420 0 2,974 446 - Art Works 0 3,956 0 3,956 36 0 0 0 0 0 3,992 0 3,992 - Bushfire equipment 2,307 0 2,423 (116) 600 0 240 0 0 2,907 0 2,663 244 - Musical instruments 48 0 24 24 0 0 3 0 0 48 0 27 21Tip asset 3,461 0 3,115 346 0 0 0 0 0 3,461 0 3,115 346

TOTALS 153,787 812,347 215,018 751,116 24,469 0 9,738 0 0 155,023 835,580 224,756 765,847

25






Plant & equipment 0 17,905 11,574 6,331 1,755 0 1,906 0 0 0 19,660 13,480 6,180Office equipment 2,497 0 2,046 451 350 0 170 0 0 2,847 0 2,216 631Furniture and fittings 1,082 0 964 118 0 0 62 0 0 1,082 0 1,026 56Land - Operational Land 0 71,292 0 71,292 0 0 0 0 0 0 71,292 0 71,292 - Community Land 141,608 0 0 141,608 0 0 0 0 0 141,608 0 0 141,608Buildings - Non specialised 0 48,861 25,641 23,220 1,377 0 690 0 0 0 50,238 26,331 23,907 - Specialised 0 42,296 28,561 13,735 0 0 721 0 0 0 42,296 29,282 13,014Park equip & community improvements 0 52,827 19,956 32,871 8,962 0 1,710 0 0 0 61,789 21,666 40,123Infrastructure - Roads, bridges and footpaths 0 488,206 111,658 376,548 17,730 0 3,286 0 0 0 505,936 114,944 390,992 - Storm water drainage 0 110,201 15,577 94,624 505 0 1,030 0 0 0 110,706 16,607 94,099Other assets - Library books 3,420 0 2,974 446 247 0 206 0 0 3,667 0 3,180 487 - Art Works 0 3,992 0 3,992 37 0 0 0 0 0 4,029 0 4,029 - Bushfire equipment 2,907 0 2,663 244 0 0 247 0 0 2,907 0 2,910 (3) - Musical instruments 48 0 27 21 0 0 3 0 0 48 0 30 18Tip asset 3,461 0 3,115 346 0 0 0 0 0 3,461 0 3,115 346

TOTALS 155,023 835,580 224,756 765,847 30,963 0 10,031 0 0 155,620 865,946 234,787 786,779

26






Plant & equipment 0 19,660 13,480 6,180 1,416 0 1,963 0 0 0 21,076 15,443 5,633Office equipment 2,847 0 2,216 631 2,011 0 175 0 0 4,858 0 2,391 2,467Furniture and fittings 1,082 0 1,026 56 0 0 64 0 0 1,082 0 1,090 (8)Land - Operational Land 0 71,292 0 71,292 0 0 0 0 0 0 71,292 0 71,292 - Community Land 141,608 0 0 141,608 0 0 0 0 0 141,608 0 0 141,608Buildings - Non specialised 0 50,238 26,331 23,907 1,353 0 711 0 0 0 51,591 27,042 24,549 - Specialised 0 42,296 29,282 13,014 0 0 743 0 0 0 42,296 30,025 12,271Park equip & community improvements 0 61,789 21,666 40,123 9,098 0 1,761 0 0 0 70,887 23,427 47,460Infrastructure - Roads, bridges and footpaths 0 505,936 114,944 390,992 18,185 0 3,385 0 0 0 524,121 118,329 405,792 - Storm water drainage 0 110,706 16,607 94,099 548 0 1,061 0 0 0 111,254 17,668 93,586Other assets - Library books 3,667 0 3,180 487 254 0 212 0 0 3,921 0 3,392 529 - Art Works 0 4,029 0 4,029 38 0 0 0 0 0 4,067 0 4,067 - Bushfire equipment 2,907 0 2,910 (3) 0 0 254 0 0 2,907 0 3,164 (257) - Musical instruments 48 0 30 18 0 0 3 0 0 48 0 33 15Tip asset 3,461 0 3,115 346 0 0 0 0 0 3,461 0 3,115 346

TOTALS 155,620 865,946 234,787 786,779 32,903 0 10,332 0 0 157,885 896,584 245,119 809,350

27






Plant & equipment 0 21,076 15,443 5,633 1,458 0 2,022 0 0 0 22,534 17,465 5,069Office equipment 4,858 0 2,391 2,467 358 0 180 0 0 5,216 0 2,571 2,645Furniture and fittings 1,082 0 1,090 (8) 0 0 66 0 0 1,082 0 1,156 (74)Land - Operational Land 0 71,292 0 71,292 0 0 0 0 0 0 71,292 0 71,292 - Community Land 141,608 0 0 141,608 0 0 0 0 0 141,608 0 0 141,608Buildings - Non specialised 0 51,591 27,042 24,549 1,689 0 732 0 0 0 53,280 27,774 25,506 - Specialised 0 42,296 30,025 12,271 0 0 765 0 0 0 42,296 30,790 11,506Park equip & community improvements 0 70,887 23,427 47,460 7,774 0 1,814 0 0 0 78,661 25,241 53,420Infrastructure - Roads, bridges and footpaths 0 524,121 118,329 405,792 16,763 0 3,487 0 0 0 540,884 121,816 419,068 - Storm water drainage 0 111,254 17,668 93,586 638 0 1,093 0 0 0 111,892 18,761 93,131Other assets - Library books 3,921 0 3,392 529 262 0 218 0 0 4,183 0 3,610 573 - Art Works 0 4,067 0 4,067 39 0 0 0 0 0 4,106 0 4,106 - Bushfire equipment 2,907 0 3,164 (257) 0 0 262 0 0 2,907 0 3,426 (519) - Musical instruments 48 0 33 15 0 0 3 0 0 48 0 36 12Tip asset 3,461 0 3,115 346 0 0 0 0 0 3,461 0 3,115 346

TOTALS 157,885 896,584 245,119 809,350 28,981 0 10,642 0 0 158,505 924,945 255,761 827,689

28






Plant & equipment 0 22,534 17,465 5,069 3,505 0 2,083 0 0 0 26,039 19,548 6,491Office equipment 5,216 0 2,571 2,645 362 0 185 0 0 5,578 0 2,756 2,822Furniture and fittings 1,082 0 1,156 (74) 0 0 68 0 0 1,082 0 1,224 (142)Land - Operational Land 0 71,292 0 71,292 0 0 0 0 0 0 71,292 0 71,292 - Community Land 141,608 0 0 141,608 0 0 0 0 0 141,608 0 0 141,608Buildings - Non specialised 0 53,280 27,774 25,506 993 0 754 0 0 0 54,273 28,528 25,745 - Specialised 0 42,296 30,790 11,506 0 0 788 0 0 0 42,296 31,578 10,718Park equip & community improvements 0 78,661 25,241 53,420 10,526 0 1,868 0 0 0 89,187 27,109 62,078Infrastructure - Roads, bridges and footpaths 0 540,884 121,816 419,068 14,876 0 3,592 0 0 0 555,760 125,408 430,352 - Storm water drainage 0 111,892 18,761 93,131 670 0 1,126 0 0 0 112,562 19,887 92,675Other assets - Library books 4,183 0 3,610 573 270 0 225 0 0 4,453 0 3,835 618 - Art Works 0 4,106 0 4,106 40 0 0 0 0 0 4,146 0 4,146 - Bushfire equipment 2,907 0 3,426 (519) 0 0 270 0 0 2,907 0 3,696 (789) - Musical instruments 48 0 36 12 0 0 3 0 0 48 0 39 9Tip asset 3,461 0 3,115 346 0 0 0 0 0 3,461 0 3,115 346

TOTALS 158,505 924,945 255,761 827,689 31,242 0 10,962 0 0 159,137 955,555 266,723 847,969

29






Plant & equipment 0 26,039 19,548 6,491 2,297 0 2,145 0 0 0 28,336 21,693 6,643Office equipment 5,578 0 2,756 2,822 366 0 191 0 0 5,944 0 2,947 2,997Furniture and fittings 1,082 0 1,224 (142) 0 0 70 0 0 1,082 0 1,294 (212)Land - Operational Land 0 71,292 0 71,292 0 0 0 0 0 0 71,292 0 71,292 - Community Land 141,608 0 0 141,608 0 0 0 0 0 141,608 0 0 141,608Buildings - Non specialised 0 54,273 28,528 25,745 707 0 777 0 0 0 54,980 29,305 25,675 - Specialised 0 42,296 31,578 10,718 0 0 812 0 0 0 42,296 32,390 9,906Park equip & community improvements 0 89,187 27,109 62,078 7,251 0 1,924 0 0 0 96,438 29,033 67,405Infrastructure - Roads, bridges and footpaths 0 555,760 125,408 430,352 15,237 0 3,700 0 0 0 570,997 129,108 441,889 - Storm water drainage 0 112,562 19,887 92,675 702 0 1,160 0 0 0 113,264 21,047 92,217Other assets - Library books 4,453 0 3,835 618 278 0 232 0 0 4,731 0 4,067 664 - Art Works 0 4,146 0 4,146 41 0 0 0 0 0 4,187 0 4,187 - Bushfire equipment 2,907 0 3,696 (789) 0 0 278 0 0 2,907 0 3,974 (1,067) - Musical instruments 48 0 39 9 0 0 3 0 0 48 0 42 6Tip asset 3,461 0 3,115 346 0 0 0 0 0 3,461 0 3,115 346

TOTALS 159,137 955,555 266,723 847,969 26,879 0 11,292 0 0 159,781 981,790 278,015 863,556

30






Plant & equipment 0 28,336 21,693 6,643 1,973 0 2,209 0 0 0 30,309 23,902 6,407Office equipment 5,944 0 2,947 2,997 370 0 197 0 0 6,314 0 3,144 3,170Furniture and fittings 1,082 0 1,294 (212) 0 0 72 0 0 1,082 0 1,366 (284)Land - Operational Land 0 71,292 0 71,292 0 0 0 0 0 0 71,292 0 71,292 - Community Land 141,608 0 0 141,608 0 0 0 0 0 141,608 0 0 141,608Buildings - Non specialised 0 54,980 29,305 25,675 799 0 800 0 0 0 55,779 30,105 25,674 - Specialised 0 42,296 32,390 9,906 0 0 836 0 0 0 42,296 33,226 9,070Park equip & community improvements 0 96,438 29,033 67,405 7,631 0 1,982 0 0 0 104,069 31,015 73,054Infrastructure - Roads, bridges and footpaths 0 570,997 129,108 441,889 15,740 0 3,811 0 0 0 586,737 132,919 453,818 - Storm water drainage 0 113,264 21,047 92,217 733 0 1,195 0 0 0 113,997 22,242 91,755Other assets - Library books 4,731 0 4,067 664 286 0 239 0 0 5,017 0 4,306 711 - Art Works 0 4,187 0 4,187 42 0 0 0 0 0 4,229 0 4,229 - Bushfire equipment 2,907 0 3,974 (1,067) 0 0 286 0 0 2,907 0 4,260 (1,353) - Musical instruments 48 0 42 6 0 0 3 0 0 48 0 45 3Tip asset 3,461 0 3,115 346 0 0 0 0 0 3,461 0 3,115 346

TOTALS 159,781 981,790 278,015 863,556 27,574 0 11,630 0 0 160,437 1,008,708 289,645 879,500

31






Plant & equipment 0 30,309 23,902 6,407 1,641 0 2,275 0 0 0 31,950 26,177 5,773Office equipment 6,314 0 3,144 3,170 374 0 203 0 0 6,688 0 3,347 3,341Furniture and fittings 1,082 0 1,366 (284) 0 0 74 0 0 1,082 0 1,440 (358)Land - Operational Land 0 71,292 0 71,292 0 0 0 0 0 0 71,292 0 71,292 - Community Land 141,608 0 0 141,608 0 0 0 0 0 141,608 0 0 141,608Buildings - Non specialised 0 55,779 30,105 25,674 1,077 0 824 0 0 0 56,856 30,929 25,927 - Specialised 0 42,296 33,226 9,070 0 0 861 0 0 0 42,296 34,087 8,209Park equip & community improvements 0 104,069 31,015 73,054 15,509 0 2,041 0 0 0 119,578 33,056 86,522Infrastructure - Roads, bridges and footpaths 0 586,737 132,919 453,818 16,068 0 3,925 0 0 0 602,805 136,844 465,961 - Storm water drainage 0 113,997 22,242 91,755 765 0 1,231 0 0 0 114,762 23,473 91,289Other assets - Library books 5,017 0 4,306 711 295 0 246 0 0 5,312 0 4,552 760 - Art Works 0 4,229 0 4,229 43 0 0 0 0 0 4,272 0 4,272 - Bushfire equipment 2,907 0 4,260 (1,353) 0 0 295 0 0 2,907 0 4,555 (1,648) - Musical instruments 48 0 45 3 0 0 3 0 0 48 0 48 0Tip asset 3,461 0 3,115 346 0 0 0 0 0 3,461 0 3,115 346

TOTALS 160,437 1,008,708 289,645 879,500 35,772 0 11,978 0 0 161,106 1,043,811 301,623 903,294

32






Plant & equipment 0 31,950 26,177 5,773 1,690 0 2,343 0 0 0 33,640 28,520 5,120Office equipment 6,688 0 3,347 3,341 378 0 209 0 0 7,066 0 3,556 3,510Furniture and fittings 1,082 0 1,440 (358) 0 0 76 0 0 1,082 0 1,516 (434)Land - Operational Land 0 71,292 0 71,292 0 0 0 0 0 0 71,292 0 71,292 - Community Land 141,608 0 0 141,608 0 0 0 0 0 141,608 0 0 141,608Buildings - Non specialised 0 56,856 30,929 25,927 1,055 0 849 0 0 0 57,911 31,778 26,133 - Specialised 0 42,296 34,087 8,209 0 0 887 0 0 0 42,296 34,974 7,322Park equip & community improvements 0 119,578 33,056 86,522 6,045 0 2,102 0 0 0 125,623 35,158 90,465Infrastructure - Roads, bridges and footpaths 0 602,805 136,844 465,961 16,553 0 4,043 0 0 0 619,358 140,887 478,471 - Storm water drainage 0 114,762 23,473 91,289 797 0 1,268 0 0 0 115,559 24,741 90,818Other assets - Library books 5,312 0 4,552 760 304 0 253 0 0 5,616 0 4,805 811 - Art Works 0 4,272 0 4,272 44 0 0 0 0 0 4,316 0 4,316 - Bushfire equipment 2,907 0 4,555 (1,648) 0 0 304 0 0 2,907 0 4,859 (1,952) - Musical instruments 48 0 48 0 0 0 3 0 0 48 0 51 (3)Tip asset 3,461 0 3,115 346 0 0 0 0 0 3,461 0 3,115 346

TOTALS 161,106 1,043,811 301,623 903,294 26,866 0 12,337 0 0 161,788 1,069,995 313,960 917,823

33






Plant & equipment 0 33,640 28,520 5,120 3,744 0 2,413 0 0 0 37,384 30,933 6,451Office equipment 7,066 0 3,556 3,510 382 0 215 0 0 7,448 0 3,771 3,677Furniture and fittings 1,082 0 1,516 (434) 0 0 78 0 0 1,082 0 1,594 (512)Land - Operational Land 0 71,292 0 71,292 0 0 0 0 0 0 71,292 0 71,292 - Community Land 141,608 0 0 141,608 0 0 0 0 0 141,608 0 0 141,608Buildings - Non specialised 0 57,911 31,778 26,133 1,352 0 874 0 0 0 59,263 32,652 26,611 - Specialised 0 42,296 34,974 7,322 0 0 914 0 0 0 42,296 35,888 6,408Park equip & community improvements 0 125,623 35,158 90,465 754 0 2,165 0 0 0 126,377 37,323 89,054Infrastructure - Roads, bridges and footpaths 0 619,358 140,887 478,471 15,290 0 4,164 0 0 0 634,648 145,051 489,597 - Storm water drainage 0 115,559 24,741 90,818 829 0 1,306 0 0 0 116,388 26,047 90,341Other assets - Library books 5,616 0 4,805 811 313 0 261 0 0 5,929 0 5,066 863 - Art Works 0 4,316 0 4,316 45 0 0 0 0 0 4,361 0 4,361 - Bushfire equipment 2,907 0 4,859 (1,952) 0 0 313 0 0 2,907 0 5,172 (2,265) - Musical instruments 48 0 51 (3) 0 0 3 0 0 48 0 54 (6)Tip asset 3,461 0 3,115 346 0 0 0 0 0 3,461 0 3,115 346

TOTALS 161,788 1,069,995 313,960 917,823 22,709 0 12,706 0 0 162,483 1,092,009 326,666 927,826

34



Note 10 Payables, borrowings and provisions - CurrentYear 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10Draft Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate

2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000)

PayablesGoods and services 3,668 4,679 4,891 5,042 4,999 5,182 5,367 5,553 5,739 5,927Payments received in advance 0 0 0 0 0 0 0 0 0 0Accrued expenses 260 270 251 229 231 243 246 227 208 211

Total payables 3,928 4,949 5,142 5,271 5,230 5,425 5,613 5,780 5,947 6,138

Current payables not expected to besettled within the next 12 months 0 0 0 0 0 0 0 0 0 0

BorrowingsProjected cash shortfall 0 489 12,108 21,775 31,013 40,786 52,216 64,314 76,345 82,781Loans: - Secured (1) 1,817 1,858 1,830 1,660 1,830 1,701 1,500 1,446 1,162 1,101Hire purchase 618 620 677 659 606 571 620 677 659 606

Total borrowings 2,435 2,967 14,615 24,094 33,449 43,058 54,336 66,437 78,166 84,488

Provisions (2)

ELE 7,385 7,625 7,873 8,149 8,434 8,729 9,035 9,351 9,678 10,017Tip remediation 0 0 0 0 0 0 0 0 0 0

Total provisions 7,385 7,625 7,873 8,149 8,434 8,729 9,035 9,351 9,678 10,017

Current provisions not expected to besettled within the next 12 months 5,539 5,719 5,905 6,112 6,326 6,547 6,776 7,013 7,259 7,513

Liabilities relating to restricted assetsDomestic waste management 494 496 542 527 485 457 496 542 527 485

Total 494 496 542 527 485 457 496 542 527 485

Notes:(1) Loans are secured over the rating income of Council.(2) Vested ELE is all carried as a current provision.

35



Note 10 Payables, borrowings and provisions - Non currentYear 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10Draft Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate

2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000)

PayablesGoods and services 0 0 0 0 0 0 0 0 0 0Payments received in advance 0 0 0 0 0 0 0 0 0 0Accrued expenses 0 0 0 0 0 0 0 0 0 0

Total payables 0 0 0 0 0 0 0 0 0 0

Current payables not expected to besettled within the next 12 months 0 0 0 0 0 0 0 0 0 0

BorrowingsProjected cash shortfall 0 0 0 0 0 0 0 0 0 0Loans: - Secured (1) 9,618 8,760 7,930 7,270 6,440 5,739 5,239 4,793 4,631 4,530Hire purchase 1,620 1,380 703 44 1,441 1,620 1,380 703 44 1,441

Total borrowings 11,238 10,140 8,633 7,314 7,881 7,359 6,619 5,496 4,675 5,971

Provisions (2)

ELE 0 0 0 0 0 0 0 0 0 0Tip remediation 4,764 4,764 4,764 4,764 4,764 4,764 4,764 4,764 4,764 4,764

Total provisions 4,764 4,764 4,764 4,764 4,764 4,764 4,764 4,764 4,764 4,764

Liabilities relating to restricted assetsDomestic waste management 1,296 1,104 562 35 1,153 1,296 1,104 562 35 1,153

Total 1,296 1,104 562 35 1,153 1,296 1,104 562 35 1,153

Notes:(1) Loans are secured over the rating income of Council.(2) Vested ELE is all carried as a current provision.

36



Note 11 Reconciliation of cash flow movementsYear 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10Draft Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate

(a) Reconciliation of cash assets 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000)

Total cash and cash equivalents 4,500 0 0 0 0 0 0 0 0 0Less: Projected cash shortfall 0 489 12,108 21,775 31,013 40,786 52,216 64,314 76,345 82,781Balances as per cash flow statement 4,500 (489) (12,108) (21,775) (31,013) (40,786) (52,216) (64,314) (76,345) (82,781)

(b) Reconciliation of net operating result to cash provided from operating activities

Net operating result from Income statement 11,558 11,189 10,085 9,475 9,092 7,720 6,997 6,458 4,259 3,164Add:Depreciation 9,738 10,031 10,332 10,642 10,962 11,292 11,630 11,978 12,337 12,706Increase in provision for leave entitlements 145 240 248 276 285 295 306 316 327 339Increase in payables 0 1,021 193 129 0 195 188 167 167 191Loss on sale of assets 0 0 0 0 0 0 0 0 0 0

21,441 22,481 20,858 20,522 20,339 19,502 19,121 18,919 17,090 16,400

Less:Increase in receivables 132 192 82 94 90 88 111 121 76 118Increase in inventories 9 9 9 9 10 10 10 11 11 11Decrease in payables 725 0 0 0 41 0 0 0 0 0Gain on sale of assets 0 0 0 0 0 0 0 0 0 0Net cash provided from (or used in) operating activitiesfrom Cash flow statement 20,575 22,280 20,767 20,419 20,198 19,404 19,000 18,787 17,003 16,271

37



Note 12 Statement of performance measuresYear 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10Draft Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate

2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000)

1. Unrestricted current ratio

Current assets less all external restrictions $ 18,958 11,274 10,759 11,912 10,417 11,387 12,686 5,815 5,887 6,001Current liabilities less specific purpose liabilities $ 7,715 9,326 21,183 30,875 40,302 50,208 61,712 74,013 86,005 92,645

Ratio 2.46 1.21 0.51 0.39 0.26 0.23 0.21 0.08 0.07 0.06

The unrestricted current ratio assesses the degree to which current obligations of Council are covered by unrestricted current assets. It assesses the level of liquidity and abilityto satisfy obligations as they fall due in the short term.The Division of Local Government considers a ratio of less than 1.50 to be unsatisfactory, indicating that council may be unable to meet its short term commitments.

2. Debt service ratio

Debt service cost $ 3,176 3,336 3,315 3,270 3,088 3,245 3,093 2,878 2,817 2,525Revenue from continuing operations excluding $ 57,579 63,492 66,120 69,137 72,471 75,261 78,847 82,725 85,132 88,928capital items and specific purpose grants/contributions

Ratio 0.06 0.05 0.05 0.05 0.04 0.04 0.04 0.03 0.03 0.03

The debt service ratio assesses the degree to which revenues from continuing operations are committed to the repayment of debt.The Division of Local Government's accepted benchmark is that less than 0.10 (10%) is satisfactory, between 0.10 and 0.20 (10% to 20%) is fair and above 0.20 (20%) is of concern.

3. Rates coverage ratio

Rates and annual charges $ 40,505 45,151 47,213 49,341 51,659 53,475 55,893 58,550 60,236 62,805Revenue from continuing operations $ 70,923 77,355 80,107 83,250 86,214 89,137 92,859 96,877 99,430 103,374

Ratio 0.57 0.58 0.59 0.59 0.60 0.60 0.60 0.60 0.61 0.61

The rate coverage ratio is a measure of the extent to which Council is dependant upon rates and annual charges as a proportion of its total revenue. This ratio is affected byCouncil's ability to source grants and contributions and its revenue policy. It is also largely affected by the amount of developer dedications of roads, bridges, footpaths and drainageassets, which are included in capital revenues.

38



Note 12 Statement of performance measuresYear 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10Draft Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate

2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000)

4. Rates and annual charges outstanding percentage

Rates and annual charges outstanding $ 1,273 1,421 1,469 1,531 1,602 1,655 1,731 1,816 1,854 1,933Rates and annual charges collectable $ 41,955 46,733 48,952 51,138 53,528 55,425 57,906 60,650 62,432 65,050

Ratio 3.03% 3.04% 3.00% 2.99% 2.99% 2.99% 2.99% 2.99% 2.97% 2.97%

The rates and annual charges outstanding percentage assesses the impact of uncollected rates and annual charges on liquidity and is a measure of the effectiveness of council'sdebt recovery processes. The lower the percentage, the less income is tied up in receivables and the more revenue there is available for council purposes.The Division of Local Government's accepted benchmark are less than 5.0% for urban and coastal councils and less than 10% for rural councils.

5. Asset renewals ratio

Asset renewals (building and infrastructure) $ 10,581 16,777 17,311 17,382 14,991 15,170 15,871 16,586 17,161 19,916Depreciation, amortisation and impairment $ 5,560 5,727 5,900 6,077 6,260 6,449 6,642 6,841 7,047 7,258(building & infrastructure)

Ratio 1.90 2.93 2.93 2.86 2.39 2.35 2.39 2.42 2.44 2.74

The asset renewals ratio assesses a council's ability to renew it's building and infrastructure assets compared with the consumption (depreciation) of those assets. A ratio in excessThe Division of Local Government considers a ratio of 1.00 or greater to be satisfactory, indicating that the assets are being renewed faster than they are being consumed (depreciated).

39



Internal Reserves Forecast

Prepared 10/03/2011Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10Draft Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate

Description 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000)

1. ELE Reserve (gl 43001)Opening balance 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500Transfers to reserve 0 0 0 0 0 0 0 0 0 0Transfers from reserve 0 0 0 0 0 0 0 0 0 0

Closing balance 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500

2. Economic Development Reserve (gl 43005)Opening balance 883 883 883 883 883 883 883 883 883 883Transfers to reserve - Property sales 0 - Other 0 0 0 0 0 0 0 0 0 0Total transfers to reserve 0 0 0 0 0 0 0 0 0 0Transfers from reserve - Marketing 0 0 0 0 0 0 0 0 0 0 - Property purchases 0 0 0 0 0 0 0 0 0 0 - Other 0 0 0 0 0 0 0 0 0 0Total transfers from reserve 0 0 0 0 0 0 0 0 0 0

Carry Overs - Greening plan 0 0 0 0 0 0 0 0 0 0 - Heritage plaques 0 0 0 0 0 0 0 0 0 0 - External investigations amended LEP 0 0 0 0 0 0 0 0 0 0Total carry overs 0 0 0 0 0 0 0 0 0 0

Closing balance 883 883 883 883 883 883 883 883 883 883

40


Description 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000)

3. Computer Replacement Reserve (gl 43018)Opening balance 1,207 1,257 1,457 0 0 0 0 0 0 0Transfers to reserve 300 400 400 200 200 200 200 200 200 200Transfers from reserve - Capital purchases 250 200 200 200 200 200 200 200 200 200 - New computer system (to replace CIVIL) 0 0 1,657 0 0 0 0 0 0 0 - Other 0 0 0 0 0 0 0 0 0 0Total transfers from reserve 250 200 1,857 200 200 200 200 200 200 200

Carry Overs - Internet / intranet 0 0 0 0 0 0 0 0 0 0

Total carry overs 0 0 0 0 0 0 0 0 0 0

Closing balance 1,257 1,457 0 0 0 0 0 0 0 0

4. Environmental Works Reserve (gl 43020)Opening balance 24 24 24 24 24 24 24 24 24 24Transfers to reserve 0 0 0 0 0 0 0 0 0 0Transfers from reserve - Other 0 0 0 0 0 0 0 0 0 0 - Anambah tip rehabilitation 0 0 0 0 0 0 0 0 0 0 - Other 0 0 0 0 0 0 0 0 0 0Total transfers from reserve 0 0 0 0 0 0 0 0 0 0

Carry Overs - Anambah tip rehabilitation 0 0 0 0 0 0 0 0 0 0 - East Maitland gasworks rehabilitation 0 0 0 0 0 0 0 0 0 0Total carry overs 0 0 0 0 0 0 0 0 0 0

Closing balance 24 24 24 24 24 24 24 24 24 24

5. Workers Compensation Reserve (gl 43028)Opening balance 376 376 376 376 376 376 376 376 376 376Transfers to reserve 0 0 0 0 0 0 0 0 0 0Transfers from reserve - Premium 0Total transfers from reserve 0 0 0 0 0 0 0 0 0 0

Closing balance 376 376 376 376 376 376 376 376 376 376

41


Description 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000)

6. Compentencies Reserve (gl 43029)Opening balance 0 0 0 0 0 0 0 0 0 0Transfers to reserve 0 0 0 0 0 0 0 0 0 0Transfers from reserve - Backpays 0 0 0 0 0 0 0 0 0 0Total transfers from reserve 0 0 0 0 0 0 0 0 0 0

Closing balance 0 0 0 0 0 0 0 0 0 0

7. Asset Management Reserve (gl 43032)Opening balance 255 255 255 255 255 255 255 255 255 255Transfers to reserve 0 0 0 0 0 0 0 0 0 0Transfers from reserve - Other 0 0 0 0 0 0 0 0 0 0Total transfers from reserve 0 0 0 0 0 0 0 0 0 0

Carry Overs - Community building refurbishments 0 0 0 0 0 0 0 0 0 0


Closing balance 255 255 255 255 255 255 255 255 255 255

8. CBD / Mall Construction Reserve (gl 43039)Opening balance 0 0 0 0 0 0 0 0 0 0Transfers to reserve 0 0 0 0 0 0 0 0 0 0Transfers from reserve - Other 0 0 0 0 0 0 0 0 0 0 - CMAIP 0 0 0 0 0 0 0 0 0 0 - Other 0 0 0 0 0 0 0 0 0 0Total transfers from reserve 0 0 0 0 0 0 0 0 0 0

Carry Overs - CMAIP 0 0 0 0 0 0 0 0 0 0



42


Description 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000)

9. Compensatory Habitat Reserve (gl 43041)Opening balance 173 148 123 98 73 48 23 0 0 0Transfers to reserve 0 0 0 0 0 0 0 0 0 0Transfers from reserve - Construction works 25 25 25 25 25 25 23 0 0 0 - Other 0 0 0 0 0 0 0 0 0 0Total transfers from reserve 25 25 25 25 25 25 23 0 0 0

Carry Overs - Construction works 0 0 0 0 0 0 0 0 0 0


Closing balance 148 123 98 73 48 23 0 0 0 0

10. Waste Disposal Site Construction Reserve (gl 43006)Opening balance 0 0 0 0 0 0 0 0 0 0Transfers to reserve 0 1,000 1,000 1,000 1,000 1,000 50 50 50 50Transfers from reserve - Construction works 0 1,000 1,000 1,000 1,000 1,000 50 50 50 50 - Other 0 0 0 0 0 0 0 0 0 0Total transfers from reserve 0 1,000 1,000 1,000 1,000 1,000 50 50 50 50

Carry Overs - Construction works 0 0 0 0 0 0 0 0 0 0



11. Waste Depot Rehab Reserve (gl 43042)Opening balance 2,316 2,626 3,049 3,546 4,139 4,863 5,774 6,989 0 0Transfers to reserve 310 423 497 593 724 911 1,215 1,871 0 0Transfers from reserve 0 0 0 0 0 0 0 8,860 0 0Closing balance 2,626 3,049 3,546 4,139 4,863 5,774 6,989 0 0 0

12. Waste Transfer Station Construction Reserve (gl 43043)Opening balance 780 1,065 1,394 1,786 2,281 0 0 0 0 0Transfers to reserve 285 329 392 495 718 0 0 0 0 0Transfers from reserve 0 0 0 0 2,999 0 0 0 0 0

Closing balance 1,065 1,394 1,786 2,281 0 0 0 0 0 0

43


Description 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000)

13. Unrestricted Cash Reserve (gl 43035)Opening balance 793 0 0 0 0 0 0 0 0 0Transfers to reserve 0 0 0 0 0 0 0 0 0 0Transfers from reserve 793 0 0 0 0 0 0 0 0 0Closing balance 0 0 0 0 0 0 0 0 0 0

SummaryTotal transfers to reserves 895 2,152 2,289 2,288 2,642 2,111 1,465 2,121 250 250Total transfers from reserves 1,068 1,225 2,882 1,225 4,224 1,225 273 9,110 250 250Total carry over 0 0 0 0 0 0 0 0 0 0

Transfers to ReservesELE Reserve 0 0 0 0 0 0 0 0 0 0Economic Development Reserve 0 0 0 0 0 0 0 0 0 0Computer Replacement Reserve 300 400 400 200 200 200 200 200 200 200Environmental Works Reserve 0 0 0 0 0 0 0 0 0 0Workers Compensation Reserve 0 0 0 0 0 0 0 0 0 0Competencies Reserve 0 0 0 0 0 0 0 0 0 0Asset Management Reserve 0 0 0 0 0 0 0 0 0 0CBD / Mall Construction Reserve 0 0 0 0 0 0 0 0 0 0Compensatory Habitat Reserve 0 0 0 0 0 0 0 0 0 0Waste Disposal Site Construction Reserve 0 1,000 1,000 1,000 1,000 1,000 50 50 50 50Waste Depot Rehab Reserve 310 423 497 593 724 911 1,215 1,871 0 0Waste Transfer Station Constn Reserve 285 329 392 495 718 0 0 0 0 0Unrestricted Cash Reserve 0 0 0 0 0 0 0 0 0 0

895 2,152 2,289 2,288 2,642 2,111 1,465 2,121 250 250

Transfers from ReservesELE Reserve 0 0 0 0 0 0 0 0 0 0Economic Development Reserve 0 0 0 0 0 0 0 0 0 0Computer Replacement Reserve 250 200 1,857 200 200 200 200 200 200 200Environmental Works Reserve 0 0 0 0 0 0 0 0 0 0Workers Compensation Reserve 0 0 0 0 0 0 0 0 0 0Competencies Reserve 0 0 0 0 0 0 0 0 0 0Asset Management Reserve 0 0 0 0 0 0 0 0 0 0CBD / Mall Construction Reserve 0 0 0 0 0 0 0 0 0 0Compensatory Habitat Reserve 25 25 25 25 25 25 23 0 0 0Waste Disposal Site Construction Reserve 0 1,000 1,000 1,000 1,000 1,000 50 50 50 50Waste Depot Rehab Reserve 0 0 0 0 0 0 0 8,860 0 0Waste Transfer Station Constn Reserve 0 0 0 0 2,999 0 0 0 0 0Unrestricted cash reserve 793 0 0 0 0 0 0 0 0 0

1,068 1,225 2,882 1,225 4,224 1,225 273 9,110 250 250

44


Description 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000)

Summary Reserve BalancesELE Reserve 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500Economic Development Reserve 883 883 883 883 883 883 883 883 883 883Computer Replacement Reserve 1,257 1,457 0 0 0 0 0 0 0 0Environmental Works Reserve 24 24 24 24 24 24 24 24 24 24Workers Compensation Reserve 376 376 376 376 376 376 376 376 376 376Competencies Reserve 0 0 0 0 0 0 0 0 0 0Asset Management Reserve 255 255 255 255 255 255 255 255 255 255CBD / Mall Construction Reserve 0 0 0 0 0 0 0 0 0 0Compensatory Habitat Reserve 148 123 98 73 48 23 0 0 0 0Waste Disposal Site Construction Reserve 0 0 0 0 0 0 0 0 0 0Waste Depot Rehab Reserve 2,626 3,049 3,546 4,139 4,863 5,774 6,989 0 0 0Waste Transfer Station Constn Reserve 1,065 1,394 1,786 2,281 0 0 0 0 0 0Unrestricted cash reserve 0 0 0 0 0 0 0 0 0 0

Total 8,134 9,061 8,468 9,531 7,949 8,835 10,027 3,038 3,038 3,038

45



Section 94 Reserve Forecast

Prepared 16/03/2011Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10Draft Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate Total

Description 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2020/21($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000)

1. 2006 City Wide PlanOpening balance 7,401 6,464 4,762 2,977 1,085 1,071 1,054 1,033 1,169 1,311 7,401Transfers to reserve - Contributions 4,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 49,000 - Interest 287 375 295 191 72 72 71 69 78 88 1,598

4,287 5,375 5,295 5,191 5,072 5,072 5,071 5,069 5,078 5,088 50,598

Transfers from reserve - Capital expenditure (Contributions) 4,000 5,000 5,000 5,000 3,000 3,000 3,000 3,000 3,000 3,000 37,000 - Capital expenditure (Other) 916 1,766 1,766 1,766 1,766 1,766 1,766 1,766 1,766 1,766 16,810 - Non capital expenditure 308 311 314 317 320 323 326 167 170 105 2,661Total expenditure transferred from S.94 5,224 7,077 7,080 7,083 5,086 5,089 5,092 4,933 4,936 4,871 56,471

Total closing balance - 2006 City Wide Plan 6,464 4,762 2,977 1,085 1,071 1,054 1,033 1,169 1,311 1,528 1,528

2. S.94A PlanOpening balance 165 171 181 192 204 217 232 248 265 283 165Transfers to reserve - Contributions 250 250 250 250 250 250 250 250 250 250 2,500 - Interest 6 10 11 12 13 15 16 17 18 19 137

256 260 261 262 263 265 266 267 268 269 2,637

Transfers from reserve - Capital expenditure (Contributions) 250 250 250 250 250 250 250 250 250 250 2,500 - Capital expenditure (Other) 0 0 0 0 0 0 0 0 0 0 0 - Non capital expenditure 0 0 0 0 0 0 0 0 0 0 0

250 250 250 250 250 250 250 250 250 250 2,500

Total closing balance - S.94A Plan 171 181 192 204 217 232 248 265 283 302 302

46

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10Draft Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate Total

Description 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2020/21($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000)

3. 1995 Repealed PlanOpening balance 4,756 4,940 5,002 5,087 5,188 5,305 5,660 6,039 6,444 6,876 4,756Transfers to reserve - Contributions 500 500 500 500 0 0 0 0 0 0 2,000 - Interest 184 287 310 326 342 355 379 405 432 461 3,481

684 787 810 826 342 355 379 405 432 461 5,481

Transfers from reserve - Capital expenditure (Contributions) 500 500 500 500 0 0 0 0 0 0 2,000 - Capital expenditure (Other) 0 225 225 225 225 0 0 0 0 0 900 - Non capital expenditure 0 0 0 0 0 0 0 0 0 0 0Total expenditure transferred from S.94 500 725 725 725 225 0 0 0 0 0 2,900

Total closing balance - 1995 Repealed Plan 4,940 5,002 5,087 5,188 5,305 5,660 6,039 6,444 6,876 7,337 7,337

4. Thornton NorthOpening balance 4,000 4,155 4,396 4,669 4,968 5,296 5,651 6,030 6,434 6,865 4,000Transfers to reserve - Contributions 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 40,000 - Interest 155 241 273 299 328 355 379 404 431 460 3,325

4,155 4,241 4,273 4,299 4,328 4,355 4,379 4,404 4,431 4,460 43,325

Transfers from reserve - Capital expenditure (Contributions) 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 40,000 - Capital expenditure (Other) 0 0 0 0 0 0 0 0 0 0 0 - Non capital expenditure 0 0 0 0 0 0 0 0 0 0 0Total expenditure transferred from S.94 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 40,000

Total closing balance - Thornton North Plan 4,155 4,396 4,669 4,968 5,296 5,651 6,030 6,434 6,865 7,325 7,325

5. Rutherford Trunk DrainageOpening balance 199 207 219 233 248 264 282 301 321 343 199Transfers to reserve - Contributions 0 0 0 0 0 0 0 0 0 0 0 - Interest 8 12 14 15 16 18 19 20 22 23 167

8 12 14 15 16 18 19 20 22 23 167

Transfers from reserve - Capital expenditure (Contributions) 0 0 0 0 0 0 0 0 0 0 0 - Capital expenditure (Other) 0 0 0 0 0 0 0 0 0 0 0 - Non capital expenditure 0 0 0 0 0 0 0 0 0 0 0Total expenditure transferred from S.94 0 0 0 0 0 0 0 0 0 0 0

Total closing balance - Rutherford Trunk Drainage 207 219 233 248 264 282 301 321 343 366 366

47

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10Draft Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate Total

Description 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2020/21($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000)

Summary Movement (All Plans)Opening balance 16,521 15,937 14,560 13,158 11,693 12,153 12,879 13,651 14,633 15,678 16,521Transfers to reserve (Estimated contributions) 8,750 9,750 9,750 9,750 9,250 9,250 9,250 9,250 9,250 9,250 93,500Transfers to reserve (Estimated interest) 640 925 903 843 771 815 864 915 981 1,051 8,708 - Capital expenditure (New) (8,750) (9,750) (9,750) (9,750) (7,250) (7,250) (7,250) (7,250) (7,250) (7,250) (81,500) - Capital expenditure (Existing) (916) (1,991) (1,991) (1,991) (1,991) (1,766) (1,766) (1,766) (1,766) (1,766) (17,710)Transfers from reserve (Non capital expenditure) (308) (311) (314) (317) (320) (323) (326) (167) (170) (105) (2,661)Closing balance 15,937 14,560 13,158 11,693 12,153 12,879 13,651 14,633 15,678 16,858 16,858

Summary Balances (All Plans)2006 City Wide Plan 6,464 4,762 2,977 1,085 1,071 1,054 1,033 1,169 1,311 1,528 1,528S.94A Plan 171 181 192 204 217 232 248 265 283 302 3021995 Repealed Plan 4,940 5,002 5,087 5,188 5,305 5,660 6,039 6,444 6,876 7,337 7,337Thornton North 4,155 4,396 4,669 4,968 5,296 5,651 6,030 6,434 6,865 7,325 7,325Rutherford Trunk Drainage 207 219 233 248 264 282 301 321 343 366 366Closing balance - All Plans 15,937 14,560 13,158 11,693 12,153 12,879 13,651 14,633 15,678 16,858 16,858

Surplus / (deficit) for year (All Plans) (584) (1,377) (1,402) (1,465) 460 726 772 982 1,045 1,180 337

48



Financial Forecast Assumptions


2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21GENERAL ASSUMPTIONS

Inflation (CPI) 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%Salary award increases 2.00% 3.25% 3.25% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50%Competency increases 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%Growth factor (population) 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00%Construction cost increases 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00%Street lighting cost increases 8.00% 14.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%EPA waste levy 79.00$ 92.87$ 107.16$ 120.37$ 133.98$ 148.00$ 162.44$ 177.31$ 192.63$ 208.41$ Loan drawdowns 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000

Interest on investments 5.50% 5.80% 6.20% 6.40% 6.60% 6.70% 6.70% 6.70% 6.70% 6.70%

BALANCE SHEET CALCULATIONSReceivables as % of Revenue from Ordinary Activities 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%Payables as % of Materials & Contracts 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00%Increases in employee provisions (Current & Non Current) 2.00% 3.25% 3.25% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50%Increase in provision for Tip remediation (Current) 0 0 0 0 0 0 0 0 0 0Increase in provision for Tip remediation (Non current) 0 0 0 0 0 0 0 0 0 0Increase to Revaluation Reserve 0 0 0 0 0 0 0 0 0 0

REVENUE

Rates revenue

Refer "Detailed SRV Analysis" page

Average residential rate per property ($) 859 945 973 1,002 1,032 1,063 1,095 1,128 1,162 1,197Additional lots created per year 600 250 250 250 250 250 250 250 250 250Rates - Additional properties ($) 0 236 243 251 258 266 274 282 291 299

S:\Local Government\Special variations applications - from councils - unedited\Maitland Council\Documents from CD\27 - Finance Plan 2011-12 - (Version 2 Rate Peg 2.8% & 7.0% SRV Yrs 1 & 2) - IPART\Assumptions


2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21GENERAL ASSUMPTIONSDomestic waste management chargeGross per DWM calculation 7,292 8,294 8,935 9,599 10,404 10,653 11,449 12,426 12,374 13,144Less: Garbage charges abandoned (40) (41) (42) (43) (44) (45) (46) (47) (48) (49)Less: Pensioner write-off (325) (335) (345) (355) (366) (377) (388) (400) (412) (424)Less: Domestic waste on Council property (4) (4) (4) (4) (4) (4) (4) (4) (4) (4)Net DWM charge per financial statements 6,923 7,914 8,544 9,197 9,990 10,227 11,011 11,975 11,910 12,667

Commercial waste chargesGross commercial waste per DWM calculation 941 1,119 1,225 1,325 1,427 1,533 1,642 1,754 1,869 1,988Add: Additional commercial recycling 15 15 15 15 15 15 15 15 15 15Less: Commercial waste on Council property (248) (255) (263) (271) (279) (287) (296) (305) (314) (323)Less: Commercial waste for BFB (15) (15) (15) (15) (15) (15) (15) (15) (15) (15)Less: Commercial waste abandoned (15) (15) (15) (15) (15) (15) (15) (15) (15) (15)Net commercial waste per financial statements 678 849 947 1,039 1,133 1,231 1,331 1,434 1,540 1,650

User chargesWaste mngt services (Tipping fees) 3,538 4,159 4,799 5,391 6,001 6,629 7,276 7,942 8,628 9,335

Interest & investment revenue

Cash & investments 37,322 32,870 23,621 21,626 21,224 20,102 21,714 23,678 17,671 18,716Interest rate 5.50% 5.80% 6.20% 6.40% 6.60% 6.70% 6.70% 6.70% 6.70% 6.70%Total interest 1,617 1,906 1,465 1,384 1,401 1,347 1,455 1,586 1,184 1,254

EXPENDITURE

Employee costsAdditional employees (3/yr @ Grade 10B) 0 248 248 248 248 248 248 248 248 248Workers compensation premium adjustments 0 0 0 0 0 0 0 0 0 0



2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21GENERAL ASSUMPTIONSBorrowing costs

Loans - Status QuoLoan Drawdown 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000

Loans - Interest 698 692 679 662 650 637 614 600 593 585Loans - Principal 1,781 1,817 1,858 1,830 1,660 1,830 1,701 1,500 1,446 1,162Total loan repayments - Status Quo 2,479 2,509 2,537 2,492 2,310 2,467 2,315 2,100 2,039 1,747

Loans - AdditionalLoan Drawdown 0 0 0 0 0 0 0 0 0 0

Loans - Interest 0 0 0 0 0 0 0 0 0 0Loans - Principal 0 0 0 0 0 0 0 0 0 0Total loan repayments - Additional loans 0 0 0 0 0 0 0 0 0 0

Hire PurchaseHire Purchase Drawdown 750 380 0 0 2,003 750 380 0 0 2,003

Hire Purchase - Interest 170 209 158 101 119 172 207 158 101 119Hire Purchase - Principal 527 618 620 677 659 606 571 620 677 659Total hire purchase repayments 697 827 778 778 778 778 778 778 778 778

Tip asset discount 0 0 0 0 0 0 0 0 0 0

Materials & contractsRent on new Administration building 1,500Nb: Even though the rent expense will be ongoing, it only needs to be added here once. It will then form part of the materials & contracts figures that are indexed each year.

Other expensesEPA State govt waste levy 5,150 6,360 7,339 8,244 9,176 10,136 11,125 12,143 13,192 14,273



2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21GENERAL ASSUMPTIONSRESERVES

Transfers to internal reservesTotal transfers to internal reserves 895 2,152 2,289 2,288 2,642 2,111 1,465 2,121 250 250

Transfers to S.94 reserves - Developer contributions 8,750 9,750 9,750 9,750 9,250 9,250 9,250 9,250 9,250 9,250 - Interest 640 925 903 843 771 815 864 915 981 1,051Total transfers to S.94 reserves 9,390 10,675 10,653 10,593 10,021 10,065 10,114 10,165 10,231 10,301

Transfers from internal reservesTotal transfers from internal reserves 1,068 1,225 2,882 1,225 4,224 1,225 273 9,110 250 250

Transfers from S.94 reservesCapital - Contributions 9,750 9,750 9,750 7,250 7,250 7,250 7,250 7,250 7,250 0Capital - Other 1,991 1,991 1,991 1,991 1,766 1,766 1,766 1,766 1,766 0Non capital 311 314 317 320 323 326 167 170 105 0Total transfers from S.94 reserves 12,052 12,055 12,058 9,561 9,339 9,342 9,183 9,186 9,121 0

CAPITAL EXPENDITURE

Plant purchasesPlant & equipment purchases (Budget) 1,335 1,375 1,416 1,458 1,502 1,547 1,593 1,641 1,690 1,741Plant & equipment purchases (Hire purchase) 750 380 0 0 2,003 750 380 0 0 2,003Total plant purchases 2,085 1,755 1,416 1,458 3,505 2,297 1,973 1,641 1,690 3,744

Other capital expenditureTotal capital expenditure per A2.4 12,444 19,328 21,667 20,270 20,779 17,696 18,790 27,397 18,522 21,410Less: Wages included in capital exp (1,801) (1,861) (1,921) (1,988) (2,058) (2,130) (2,205) (2,282) (2,362) (2,445)Total other capital exp per fin ste's 10,643 17,467 19,746 18,282 18,721 15,566 16,585 25,115 16,160 18,965


Maitland City Council10 Year Financial Plan


Detailed Rates Analysis

Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 TotalAdjusted Draft Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate2010/11 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2020/21

Cash Surplus (Deficit) - Status Quo 4 6 (8,613) (10,453) (11,197) (13,571) (14,347) (16,372) (17,089) (17,383) (22,850) (131,869)

Cash Surplus (Deficit) - Adjusted 4 17 (8,354) (9,975) (10,475) (7,838) (8,396) (10,196) (10,680) (10,737) (15,958) (92,592)

Difference 0 11 259 478 722 5,733 5,951 6,176 6,409 6,646 6,892 39,277

Rates revenue

Rate increase - Status Quo (Rate peg %) 2.60% 2.80% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%Special Variation % (Additional % above rate peg) 7.00% 7.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%Total rate increase 2.60% 9.80% 10.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%

Total rates revenueTotal rates revenue - Status Quo 29,166 30,164 31,275 32,426 33,619 34,854 36,133 37,457 38,828 40,249 41,718 356,723Total rates revenue - Adjusted 29,166 32,275 35,740 37,055 38,418 39,828 41,288 42,800 44,367 45,989 47,667 405,427Additional rates - Yearly 0 2,111 4,465 4,629 4,799 4,974 5,155 5,343 5,539 5,740 5,949 48,704

Additional rates - Cumulative 2,111 6,576 11,205 16,004 20,978 26,133 31,476 37,015 42,755 48,704

Average rates per assessment - ResidentialResidential - Status Quo 782.15$ 800.30$ 824.33$ 849.07$ 874.58$ 900.85$ 927.91$ 955.79$ 984.50$ 1,014.08$ 1,044.52$ Residential - Adjusted 782.15$ 856.31$ 941.97$ 970.24$ 999.40$ 1,029.39$ 1,060.30$ 1,092.13$ 1,124.93$ 1,158.72$ 1,193.51$ Difference -$ 56.01$ 117.64$ 121.17$ 124.82$ 128.54$ 132.39$ 136.34$ 140.43$ 144.64$ 148.99$

Average rates per assessment - Farmland

Farmland - Status Quo 2,031.38$ 2,149.79$ 2,213.98$ 2,281.03$ 2,349.50$ 2,419.40$ 2,492.15$ 2,566.33$ 2,643.37$ 2,723.25$ 2,804.56$ Farmland - Adjusted 2,031.38$ 2,299.57$ 2,529.24$ 2,604.85$ 2,683.31$ 2,763.20$ 2,845.93$ 2,931.53$ 3,019.97$ 3,111.27$ 3,203.99$ Difference -$ 149.78$ 315.26$ 323.82$ 333.81$ 343.80$ 353.78$ 365.20$ 376.60$ 388.02$ 399.43$

Average rates per assessment - Business

Business - Status Quo 4,219.21$ 4,182.68$ 4,308.19$ 4,437.24$ 4,570.42$ 4,707.72$ 4,849.15$ 4,994.70$ 5,144.37$ 5,298.76$ 5,457.87$ Business - Adjusted 4,219.21$ 4,475.55$ 4,923.39$ 5,071.30$ 5,223.34$ 5,380.08$ 5,541.54$ 5,707.72$ 5,879.20$ 6,055.39$ 6,236.89$ Difference -$ 292.87$ 615.20$ 634.06$ 652.92$ 672.36$ 692.39$ 713.02$ 734.83$ 756.63$ 779.02$

S:\Local Government\Special variations applications - from councils - unedited\Maitland Council\Documents from CD\27 - Finance Plan 2011-12 - (Version 2 Rate Peg 2.8% & 7.0% SRV Yrs 1 & 2) - IPART\Detailed SRV Analysis


Average rates per assessment - Mining

Mining - Status Quo 107,000.00$ 119,000.00$ 122,500.00$ 126,000.00$ 130,000.00$ 134,000.00$ 138,000.00$ 142,000.00$ 146,500.00$ 151,000.00$ 155,500.00$ Mining - Adjusted 107,000.00$ 127,500.00$ 140,500.00$ 144,500.00$ 149,000.00$ 153,500.00$ 158,000.00$ 162,500.00$ 167,500.00$ 172,500.00$ 177,500.00$ Difference -$ 8,500.00$ 18,000.00$ 18,500.00$ 19,000.00$ 19,500.00$ 20,000.00$ 20,500.00$ 21,000.00$ 21,500.00$ 22,000.00$

Rates revenue [Note 3(a)]Ordinary ratesResidential 19,905 22,306 24,773 25,759 26,783 27,844 28,945 30,087 31,272 32,501 33,775Farmland 1,424 1,612 1,773 1,826 1,881 1,937 1,995 2,055 2,117 2,181 2,246Mining 214 255 281 289 298 307 316 325 335 345 355Business 7,160 7,595 8,355 8,606 8,864 9,130 9,404 9,686 9,977 10,276 10,584Total ordinary rates 28,703 31,768 35,182 36,480 37,826 39,218 40,660 42,153 43,701 45,303 46,960Special rate 463 507 558 575 592 610 628 647 666 686 707Total rates 29,166 32,275 35,740 37,055 38,418 39,828 41,288 42,800 44,367 45,989 47,667

Number of assessmentsResidential 25,449 26,049 26,299 26,549 26,799 27,049 27,299 27,549 27,799 28,049 28,299Farmland 701 701 701 701 701 701 701 701 701 701 701Mining 2 2 2 2 2 2 2 2 2 2 2Business 1,697 1,697 1,697 1,697 1,697 1,697 1,697 1,697 1,697 1,697 1,697

27,849 28,449 28,699 28,949 29,199 29,449 29,699 29,949 30,199 30,449 30,699Special 272 272 272 272 272 272 272 272 272 272 272Total 28,121 28,721 28,971 29,221 29,471 29,721 29,971 30,221 30,471 30,721 30,971

Detailed Analysis for Special Rate Variation

Ordinary rates

Residential urbanLevy 18,768 19,601 21,602 24,005 24,975 25,983 27,028 28,113 29,239 30,407 31,619Special rate variation 1,372 1,468 0 0 0 0 0 0 0 0Additional properties 0 236 243 251 258 266 274 282 291 299Total residential urban 18,768 20,973 23,306 24,248 25,226 26,241 27,294 28,387 29,521 30,698 31,918

Residential non urbanLevy 1,137 1,246 1,373 1,510 1,555 1,602 1,650 1,700 1,751 1,804 1,858Special rate variation 87 93 0 0 0 0 0 0 0 0Total residential non urban 1,137 1,333 1,466 1,510 1,555 1,602 1,650 1,700 1,751 1,804 1,858

Total residential 19,905 22,306 24,772 25,758 26,781 27,843 28,944 30,087 31,272 32,502 33,77622,306 24,773 25,759 26,783 27,844 28,945 30,087 31,272 32,501 33,775



Farmland high intensityLevy 1,095 1,152 1,270 1,397 1,439 1,482 1,526 1,572 1,619 1,668 1,718Special rate variation 81 86 0 0 0 0 0 0 0 0Total farmland high intensity 1,095 1,233 1,356 1,397 1,439 1,482 1,526 1,572 1,619 1,668 1,718

Farmland low intensityLevy 329 355 391 431 444 457 471 485 500 515 530Special rate variation 25 27 0 0 0 0 0 0 0 0Total farmland low intensity 329 380 418 431 444 457 471 485 500 515 530

Total farmland 1,424 1,613 1,774 1,828 1,883 1,939 1,997 2,057 2,119 2,183 2,2481,612 1,773 1,826 1,881 1,937 1,995 2,055 2,117 2,181 2,246

Business - OrdinaryLevy 3,990 3,611 4,139 4,263 4,391 4,523 4,659 4,799 4,943 5,091Special rate variation 253 0 0 0 0 0 0 0 0Total business ordinary 3,990 3,864 4,018 4,139 4,263 4,391 4,523 4,659 4,799 4,943 5,091

Business - ThorntonLevy 1,058 1,152 1,474 1,518 1,564 1,611 1,659 1,709 1,760 1,813Special rate variation 81 0 0 0 0 0 0 0 0Total business Thornton 1,058 1,233 1,431 1,474 1,518 1,564 1,611 1,659 1,709 1,760 1,813

Business - RutherfordLevy 1,926 2,133 2,728 2,810 2,894 2,981 3,070 3,162 3,257 3,355Special rate variation 149 0 0 0 0 0 0 0 0Total business Rutherford 1,926 2,282 2,649 2,728 2,810 2,894 2,981 3,070 3,162 3,257 3,355

Business - Metford / East MaitlandLevy 135 147 187 193 199 205 211 217 224 231Special rate variation 10 0 0 0 0 0 0 0 0Total business Metford / East Maitland 135 157 182 187 193 199 205 211 217 224 231

Business - Green StLevy 51 55 70 72 74 76 78 80 82 84Special rate variation 4 0 0 0 0 0 0 0 0Total business Green St 51 59 68 70 72 74 76 78 80 82 84

Total business 7,160 7,595 8,348 8,598 8,856 9,122 9,396 9,677 9,967 10,266 10,5747,595 8,355 8,606 8,864 9,130 9,404 9,686 9,977 10,276 10,584

MiningLevy 214 238 263 289 298 307 316 325 335 345 355Special rate variation 17 18 0 0 0 0 0 0 0 0Total mining 214 255 281 289 298 307 316 325 335 345 355

255 281 289 298 307 316 325 335 345 355

Total ordinary rates 28,703 31,769 35,175 36,473 37,818 39,211 40,653 42,146 43,693 45,296 46,95331,768 35,182 36,480 37,826 39,218 40,660 42,153 43,701 45,303 46,960



Special Rates

Mall rateLevy 193 199 219 241 248 255 263 271 279 287 296Special rate variation 14 15 0 0 0 0 0 0 0 0Total business Metford / East Maitland 193 213 234 241 248 255 263 271 279 287 296

CBD rateLevy 270 275 303 334 344 354 365 376 387 399 411Special rate variation 19 21 0 0 0 0 0 0 0 0Total business Metford / East Maitland 270 294 324 334 344 354 365 376 387 399 411

Total special rates 463 507 558 575 592 609 628 647 666 686 707507 558 575 592 610 628 647 666 686 707

TOTAL RATES 29,166 32,276 35,733 37,048 38,410 39,820 41,281 42,793 44,359 45,982 47,66032,275 35,740 37,055 38,418 39,828 41,288 42,800 44,367 45,989 47,667

10.7% 10.7% 3.7% 3.7% 3.7% 3.7% 3.7% 3.7% 3.7% 3.6%Number of Assessments

OrdinaryResidential urban 24,520 25,120 25,370 25,620 25,870 26,120 26,370 26,620 26,870 27,120 27,370Residential non urban 929 929 929 929 929 929 929 929 929 929 929Farmland high intensity 511 511 511 511 511 511 511 511 511 511 511Farmland low intensity 190 190 190 190 190 190 190 190 190 190 190Business ordinary 1,060 1,060 1,060 1,060 1,060 1,060 1,060 1,060 1,060 1,060 1,060Business Thornton 269 269 269 269 269 269 269 269 269 269 269Business Rutherford 313 313 313 313 313 313 313 313 313 313 313Business Metford / East Maitland 48 48 48 48 48 48 48 48 48 48 48Business Green St 7 7 7 7 7 7 7 7 7 7 7Mining 2 2 2 2 2 2 2 2 2 2 2Total ordinary 27,849 28,449 28,699 28,949 29,199 29,449 29,699 29,949 30,199 30,449 30,699

SpecialMall 63 63 63 63 63 63 63 63 63 63 63CBD 209 209 209 209 209 209 209 209 209 209 209Total special 272 272 272 272 272 272 272 272 272 272 272

Total assessments 28,121 28,721 28,971 29,221 29,471 29,721 29,971 30,221 30,471 30,721 30,971

28,721 28,971 29,221 29,471 29,721 29,971 30,221 30,471 30,721 30,971



Average rates per assessment

OrdinaryResidential urban 765.42$ 834.91$ 918.64$ 946.45$ 975.11$ 1,004.63$ 1,035.04$ 1,066.38$ 1,098.66$ 1,131.93$ 1,166.17$ Residential non urban 1,223.90$ 1,434.88$ 1,578.04$ 1,625.40$ 1,673.84$ 1,724.43$ 1,776.10$ 1,829.92$ 1,884.82$ 1,941.87$ 2,000.00$ Farmland high intensity 2,142.86$ 2,412.92$ 2,653.62$ 2,733.86$ 2,816.05$ 2,900.20$ 2,986.30$ 3,076.32$ 3,168.30$ 3,264.19$ 3,362.04$ Farmland low intensity 1,731.58$ 2,000.00$ 2,200.00$ 2,268.42$ 2,336.84$ 2,405.26$ 2,478.95$ 2,552.63$ 2,631.58$ 2,710.53$ 2,789.47$ Business ordinary 3,764.15$ 3,645.28$ 3,790.57$ 3,904.72$ 4,021.70$ 4,142.45$ 4,266.98$ 4,395.28$ 4,527.36$ 4,663.21$ 4,802.83$ Business Thornton 3,933.09$ 4,583.64$ 5,319.70$ 5,479.55$ 5,643.12$ 5,814.13$ 5,988.85$ 6,167.29$ 6,353.16$ 6,542.75$ 6,739.78$ Business Rutherford 6,153.35$ 7,290.73$ 8,463.26$ 8,715.65$ 8,977.64$ 9,246.01$ 9,523.96$ 9,808.31$ 10,102.24$ 10,405.75$ 10,718.85$ Business Metford / East Maitland 2,812.50$ 3,270.83$ 3,791.67$ 3,895.83$ 4,020.83$ 4,145.83$ 4,270.83$ 4,395.83$ 4,520.83$ 4,666.67$ 4,812.50$ Business Green St 7,285.71$ 8,428.57$ 9,714.29$ 10,000.00$ 10,285.71$ 10,571.43$ 10,857.14$ 11,142.86$ 11,428.57$ 11,714.29$ 12,000.00$ Mining 107,000.00$ 127,500.00$ 140,500.00$ 144,500.00$ 149,000.00$ 153,500.00$ 158,000.00$ 162,500.00$ 167,500.00$ 172,500.00$ 177,500.00$

SpecialMall 3,063.49$ 3,380.95$ 3,714.29$ 3,825.40$ 3,936.51$ 4,047.62$ 4,174.60$ 4,301.59$ 4,428.57$ 4,555.56$ 4,698.41$ CBD 1,291.87$ 1,406.70$ 1,550.24$ 1,598.09$ 1,645.93$ 1,693.78$ 1,746.41$ 1,799.04$ 1,851.67$ 1,909.09$ 1,966.51$

Percentage changes

OrdinaryResidential urban 9.08% 10.03% 3.03% 3.03% 3.03% 3.03% 3.03% 3.03% 3.03% 3.02%Residential non urban 17.24% 9.98% 3.00% 2.98% 3.02% 3.00% 3.03% 3.00% 3.03% 2.99%Farmland high intensity 12.60% 9.98% 3.02% 3.01% 2.99% 2.97% 3.01% 2.99% 3.03% 3.00%Farmland low intensity 15.50% 10.00% 3.11% 3.02% 2.93% 3.06% 2.97% 3.09% 3.00% 2.91%Business ordinary (3.16%) 3.99% 3.01% 3.00% 3.00% 3.01% 3.01% 3.01% 3.00% 2.99%Business Thornton 16.54% 16.06% 3.00% 2.99% 3.03% 3.01% 2.98% 3.01% 2.98% 3.01%Business Rutherford 18.48% 16.08% 2.98% 3.01% 2.99% 3.01% 2.99% 3.00% 3.00% 3.01%Business Metford / East Maitland 16.30% 15.92% 2.75% 3.21% 3.11% 3.02% 2.93% 2.84% 3.23% 3.12%Business Green St 15.69% 15.25% 2.94% 2.86% 2.78% 2.70% 2.63% 2.56% 2.50% 2.44%Mining 19.16% 10.20% 2.85% 3.11% 3.02% 2.93% 2.85% 3.08% 2.99% 2.90%

SpecialMall 10.36% 9.86% 2.99% 2.90% 2.82% 3.14% 3.04% 2.95% 2.87% 3.14%CBD 8.89% 10.20% 3.09% 2.99% 2.91% 3.11% 3.01% 2.93% 3.10% 3.01%



Adjustment to Business Rates in 2012/13 to eliminate sub categories and have only 1 Business Rate

Permissible increase in 2012/13 10.00%

Without With ActualAdjustment Adjustment Increase

Ad Valorem Ad Valorem Ad Valorem (Decrease)2011/12 2012/13 2012/13 2012/13

Business ordinary 1.5683 1.7251 1.6308 3.99%Business Thornton 1.4049 1.5454 1.6308 16.08%Business Rutherford 1.4049 1.5454 1.6308 16.08%Business Metford / East Maitland 1.4049 1.5454 1.6308 16.08%Business Green St 1.4049 1.5454 1.6308 16.08%

Note: The adjusted 2012/13 ad valorem figure of 1.6308 is from the Silver Don rates calculator




Infrastructure Backlog WorksPrepared 16/03/2011

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Total2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2020/21

Asset Category $ $ $ $ $ $ $ $ $ $ $Total infrastructure backlog works 67,839,000 66,389,000 60,172,050 53,831,416 47,251,893 44,472,370 41,692,847 38,913,324 36,133,801 33,354,278Less: Backlog works funded by rate variation (1,450,000) (3,050,000) (3,350,000) (3,800,000) 0 0 0 0 0 0 (11,650,000)Less: Backlog works funded by additional loans 0 0 0 0 0 0 0 0 0 0 0ADJUSTED INFRASTRUCTURE BACKLOG 66,389,000 63,339,000 56,822,050 50,031,416 47,251,893 44,472,370 41,692,847 38,913,324 36,133,801 33,354,278

ANNUAL ADJUSTED INFRASTRUCTURE BACKLOG 0 3,166,950 2,990,634 2,779,523 2,779,523 2,779,523 2,779,523 2,779,523 2,779,523 2,779,523 25,614,245

NET INFRASTRUCTURE BACKLOG 66,389,000 60,172,050 53,831,416 47,251,893 44,472,370 41,692,847 38,913,324 36,133,801 33,354,278 30,574,755

NET INFRASTRUCTURE BACKLOG ($'000) 66,389 60,172 53,831 47,252 44,472 41,693 38,913 36,134 33,354 30,575

Number of years to carry out infrastructure backlog works 20 19 18 17 16 15 14 13 12

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Rate Variation Expenditure ForecastPrepared 10/03/2011


Asset Category $ $ $ $ $ $ $ $ $ $ $Capital expenditureRoads 900,000 2,200,000 2,850,000 2,200,000 8,150,000Buildings & Aquatic Centres 300,000 700,000 350,000 1,200,000 2,550,000Bridges 0 0 0 0 0Drainage 0 0 0 0 0Footpaths/ Cycleways 250,000 500,000 200,000 100,000 1,050,000Recreation 150,000 300,000 350,000 550,000 1,350,000Total capital expenditure 1,600,000 3,700,000 3,750,000 4,050,000 0 0 0 0 0 0 13,100,000

MaintenanceRecreation 500,000 500,000 500,000 500,000 2,000,000Roads 0 250,000 350,000 250,000 850,000Total maintenance expenditure 500,000 750,000 850,000 750,000 0 0 0 0 0 0 2,850,000

TOTAL 2,100,000 4,450,000 4,600,000 4,800,000 0 0 0 0 0 0 15,950,000


Asset Category $ $ $ $ $ $ $ $ $ $ $Infrastructure backlog works 1,450,000 3,050,000 3,350,000 3,800,000 11,650,000Other works 650,000 1,400,000 1,250,000 1,000,000 4,300,000TOTAL 2,100,000 4,450,000 4,600,000 4,800,000 0 0 0 0 0 0 15,950,000

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Additional Loan Funded Projects Expenditure ForecastPrepared 10/03/2011


Asset Category $ $ $ $ $ $ $ $ $ $ $Capital expenditureRoads 0Buildings & Aquatic Centres 0Bridges 0Drainage 0Footpaths/ Cycleways 0Recreation 0Total capital expenditure 0 0 0 0 0 0 0 0 0 0 0

MaintenanceRecreation 0Roads 0Total maintenance expenditure 0 0 0 0 0 0 0 0 0 0 0

TOTAL 0 0 0 0 0 0 0 0 0 0 0


Asset Category $ $ $ $ $ $ $ $ $ $ $Infrastructure backlog works 0Other works 0TOTAL 0 0 0 0 0 0 0 0 0 0 0

S:\Local Government\Special variations applications - from councils - unedited\Maitland Council\Documents from CD\27 - Finance Plan 2011-12 - (Version 2 Rate Peg 2.8% & 7.0% SRV Yrs 1 & 2) - IPART\Additional Loan Expenditure

Maitland City CouncilLong Term Financial PlanFor the period 2011/12 to 2020/21Scenario 2 with 2.8% Rate Peg & 7.0% Rate Variation in Years 1 & 2Additional Loans

InputYear 1 - Ends 30th June 2012Year 1 start date 01/07/2011Year 10 end date 30/06/2021

Loan 1 Input Loan 2 Input Loan 3 Input Loan 4 Input Loan 5 InputLoan Draw Down Date 28/02/2012 Loan Draw Down Date 28/02/2013 Loan Draw Down Date 28/02/2014 Loan Draw Down Date 28/02/2012 Loan Draw Down Date 28/02/2013Loan principal -$ Loan principal -$ Loan principal -$ Loan principal -$ Loan principal -$ Annual interest rate 9.000% Annual interest rate 8.500% Annual interest rate 8.000% Annual interest rate 8.000% Annual interest rate 8.000%Term in years 10.00 Term in years 10.00 Term in years 6.00 Term in years 6.00 Term in years 6.00

No. payments per year 2 No. payments per year 2 No. payments per year 2 No. payments per year 2 No. payments per year 2Payment Amount -$ Payment Amount -$ Payment Amount -$ Payment Amount -$ Payment Amount -$

Total Number of Payments 20 Total Number of Payments 20 Total Number of Payments 12 Total Number of Payments 12 Total Number of Payments 12Repayments per year -$ Repayments per year -$ Repayments per year -$ Repayments per year -$ Repayments per year -$ Total repayments -$ Total repayments -$ Total repayments -$ Total repayments -$ Total repayments -$ Total interest -$ Total interest -$ Total interest -$ Total interest -$ Total interest -$

Grand Totals Interest Repayments InputYear 1 0.00 (2011/12)Year 2 0.00 (2012/13)Year 3 0.00 (2013/14)Year 4 0.00 (2014/15)Year 5 0.00 (2015/16)Year 6 0.00 (2016/17)Year 7 0.00 (2017/18)Year 8 0.00 (2017/18)Year 9 0.00 (2019/20)Year 10 0.00 (2020/21)

Grand Totals Principal RepaymentsYear 1 0.00 (2011/12)Year 2 0.00 (2012/13)Year 3 0.00 (2013/14)Year 4 0.00 (2014/15)Year 5 0.00 (2015/16)Year 6 0.00 (2016/17)Year 7 0.00 (2017/18)Year 8 0.00 (2017/18)Year 9 0.00 (2019/20)Year 10 0.00 (2020/21)Year 11 0.00 (2021/22)

Loan Drawdown IncomeYear 0 $0 (2010/11)Year 1 $0 (2011/12)Year 2 $0 (2012/13)Year 3 $0 (2013/14)Year 4 $0 (2014/15)Year 5 $0 (2015/16)Year 6 $0 (2016/17)Year 7 $0 (2017/18)Year 8 $0 (2017/18)

Year 9 $0 (2019/20)Year 10 $0 (2020/21)

Loan 6 Input Loan 7 Input Loan 8 Input Loan 9 Input Loan 10 InputLoan Draw Down Date 28/02/2014 Loan Draw Down Date 28/02/2015 Loan Draw Down Date 28/02/2016 Loan Draw Down Date 28/02/2017 Loan Draw Down Date 28/02/2018Loan principal -$ Loan principal -$ Loan principal -$ Loan principal -$ Loan principal -$ Annual interest rate 8.000% Annual interest rate 8.000% Annual interest rate 8.000% Annual interest rate 8.000% Annual interest rate 8.000%Term in years 6.00 Term in years 6.00 Term in years 6.00 Term in years 6.00 Term in years 6.00

No. payments per year 2 No. payments per year 2 No. payments per year 2 No. payments per year 2 No. payments per year 2Payment Amount -$ Payment Amount -$ Payment Amount -$ Payment Amount 0.00 Payment Amount 0.00

Total Number of Payments 12 Total Number of Payments 12 Total Number of Payments 12 Total Number of Payments 12 Total Number of Payments 12Repayments per year -$ Repayments per year -$ Repayments per year -$ Repayments per year -$ Repayments per year -$ Total repayments -$ Total repayments -$ Total repayments -$ Total repayments -$ Total repayments -$ Total interest -$ Total interest -$ Total interest -$ Total interest -$ Total interest -$



Loan Schedule - Status QuoPrepared 2/02/2011

INTEREST EXPENSELoan Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10

No. Borrowed 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21

697,704$ 691,833$ 678,934$ 662,233$ 649,652$ 636,852$ 614,444$ 599,741$ 593,280$ 585,384$

S:\Local Government\Special variations applications - from councils - unedited\Maitland Council\Documents from CD\27 - Finance Plan 2011-12 - (Version 2 Rate Peg 2.8% & 7.0% SRV Yrs 1 & 2) - IPART\Loans - Status Quo

PRINCIPAL REPAYMENTSLoan Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10

No. Borrowed 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21

1,780,953$ 1,817,383$ 1,858,346$ 1,829,920$ 1,659,984$ 1,829,881$ 1,701,219$ 1,499,796$ 1,445,894$ 1,161,748$

Total repayments 2,478,657$ 2,509,216$ 2,537,280$ 2,492,153$ 2,309,636$ 2,466,733$ 2,315,663$ 2,099,537$ 2,039,174$ 1,747,132$


PRINCIPAL REPAYMENTSLoan Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10

No. Borrowed 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21

Total repayments 2,478,657 2,509,216 2,537,280 2,492,153 2,309,636 2,466,733 2,315,663 2,099,537 2,039,174 1,747,132




Hire Purchase SchedulePrepared 2/02/2011

INTEREST EXPENSEYear 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10Draft Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate

HP No. Details 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21

170,335 208,643 157,521 100,711 118,832 171,650 206,517 157,521 100,711 118,832

PRINCIPAL REPAYMENTSYear 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10Draft Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate

HP No. Details 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21

527,161 618,318 620,189 676,997 658,879 606,059 571,193 620,189 676,997 658,879

Total Repayments 697,496 826,961 777,710 777,708 777,711 777,709 777,710 777,710 777,708 777,711

SUMMARYDisposal 225,781 225,781 225,781 225,780 225,782 225,781 225,781 225,781 225,780 225,782Collection 471,715 601,180 551,929 551,928 551,929 551,928 551,929 551,929 551,928 551,929Total Repayments 697,496 826,961 777,710 777,708 777,711 777,709 777,710 777,710 777,708 777,711


2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21HP Drawdowns $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000Total drawdowns 750 380 0 0 2,003 750 380 0 0 2,003

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Capital Expenditure Forecast(GL A2.4)

Prepared 10/03/11Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10Budget Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate Total2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2020/21

Description $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000

Plant & equipment purchases 2,085 1,755 1,416 1,458 3,505 2,297 1,973 1,641 1,690 3,744 21,564

Other capital expenditure (gl A2.4)

Bridges 170 299 106 207 248 150 197 71 104 1,999 3,551Buildings 937 1,377 1,353 1,689 993 707 799 1,077 1,055 1,352 11,339Footpaths & cycleways 286 818 536 454 372 390 408 426 444 462 4,596Drainage 961 505 548 638 670 702 733 765 797 829 7,148Other 1,272 634 2,303 659 672 685 698 712 726 740 9,101Recreational 473 795 927 1,099 983 703 1,079 1,043 435 549 8,086Roads 8,227 13,778 14,768 14,394 12,708 13,221 13,734 14,247 14,761 15,274 135,112Waste 118 1,122 1,126 1,130 4,133 1,138 1,142 9,056 200 205 19,370Total other capital expenditure 12,444 19,328 21,667 20,270 20,779 17,696 18,790 27,397 18,522 21,410 198,303Net capital expenditure excluding salaries 10,642 17,467 19,746 18,282 18,721 15,566 16,585 25,115 16,160 18,965 177,249

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Capital Expenditure ForecastPrepared 10/03/2011


Asset Category $ $ $ $ $ $ $ $ $ $ $Roads 8,227,000 4,590,000 4,590,000 4,590,000 4,590,000 4,590,000 4,590,000 4,590,000 4,590,000 4,590,000 49,537,000Road Inventory 1,185,000 1,185,000 1,185,000 1,185,000 1,185,000 1,185,000 1,185,000 1,185,000 1,185,000 10,665,000Council contribution to S.94 works 2,100,000 2,100,000 2,100,000 2,100,000 2,100,000 2,100,000 2,100,000 2,100,000 2,100,000 18,900,000Infrastructure backlog 0 3,166,950 2,990,634 2,779,523 2,779,523 2,779,523 2,779,523 2,779,523 2,779,523 2,779,523 25,614,245Total Roads 8,227,000 11,041,950 10,865,634 10,654,523 10,654,523 10,654,523 10,654,523 10,654,523 10,654,523 10,654,523 104,716,245Buildings & Aquatic Centres 937,000 638,441 895,605 414,295 800,492 544,131 587,537 758,573 712,693 878,188 7,166,955Bridges 170,000 282,500 95,000 175,000 200,000 115,000 145,000 50,000 70,000 1,298,000 2,600,500Drainage 961,000 450,000 463,500 515,000 515,000 515,000 515,000 515,000 515,000 515,000 5,479,500Footpaths/ Cycleways 286,000 300,000 300,000 300,000 300,000 300,000 300,000 300,000 300,000 300,000 2,986,000Recreation 473,000 467,063 515,063 465,063 793,063 541,063 793,063 734,730 293,730 356,730 5,432,568TOTAL 11,054,000 13,179,954 13,134,802 12,523,881 13,263,078 12,669,717 12,995,123 13,012,826 12,545,946 14,002,441 128,381,768

Note1. The figures supplied are increased by a growth factor to cover extra costs associated with the City's population growth2. The figures must also be increased by an index factor to cover CPI or the average construction cost increase3. All figures have been reduced by the amount of funding from Section 94 contributions

Yearly Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10Growth factor 0.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0%CPI increase 0.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0%Average construction increase 0.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0%

Cumulative Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10Growth factor 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% 9.0%CPI increase 0.0% 3.0% 6.0% 9.0% 12.0% 15.0% 18.0% 21.0% 24.0% 27.0%Average construction increase 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% 45.0%

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 TotalIndex 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2020/21

Asset Category Factor $ $ $ $ $ $ $ $ $ $ $Roads n 8,227,000 4,865,400 5,140,800 5,416,200 5,691,600 5,967,000 6,242,400 6,517,800 6,793,200 7,068,600 61,930,000Road Inventory n 0 1,256,100 1,327,200 1,398,300 1,469,400 1,540,500 1,611,600 1,682,700 1,753,800 1,824,900 13,864,500Council contribution to S.94 works Nil 0 2,100,000 2,100,000 2,100,000 2,100,000 2,100,000 2,100,000 2,100,000 2,100,000 2,100,000 18,900,000Infrastructure backlog n 0 3,356,967 3,349,510 3,279,837 3,446,609 3,613,380 3,780,151 3,946,923 4,113,694 4,280,465 33,167,536Total Roads 8,227,000 11,578,467 11,917,510 12,194,337 12,707,609 13,220,880 13,734,151 14,247,423 14,760,694 15,273,965 127,862,036Buildings & Aquatic Centres n 937,000 676,747 1,003,078 488,868 992,610 707,370 799,050 1,077,174 1,054,786 1,352,410 9,089,093Bridges n 170,000 299,450 106,400 206,500 248,000 149,500 197,200 71,000 103,600 1,998,920 3,550,570Drainage n 961,000 477,000 519,120 607,700 638,600 669,500 700,400 731,300 762,200 793,100 6,859,920Footpaths/ Cycleways n 286,000 318,000 336,000 354,000 372,000 390,000 408,000 426,000 444,000 462,000 3,796,000Recreation n 473,000 495,087 576,871 548,774 983,398 703,382 1,078,566 1,043,317 434,720 549,364 6,886,479TOTAL 11,054,000 13,844,751 14,458,979 14,400,179 15,942,217 15,840,632 16,917,367 17,596,214 17,560,000 20,429,759 158,044,098

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Maintenance Expenditure Forecast(gl 600723)

Prepared 10/03/11Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Total2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2020/21

Description $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000

Summary - Maintenance Expenditure Excluding Salaries

Bridges 65 90 95 100 105 111 116 121 126 131 1,060Buildings 411 373 405 433 462 490 517 543 567 592 4,793Drainage 0 689 728 767 806 845 884 923 962 1,001 7,605Footpaths & cycleways 406 212 224 236 248 260 272 284 296 308 2,746Other 590 606 623 641 659 678 697 716 736 756 6,702Recreational 1,741 1,798 1,858 1,912 1,464 1,513 1,560 1,604 1,646 1,686 16,782Roads 1,184 2,264 2,521 2,572 2,471 2,618 2,762 2,904 3,042 3,178 25,516Waste Depot 278 286 294 302 310 318 327 336 345 355 3,151Total maintenance expenditure 4,675 6,318 6,748 6,963 6,525 6,833 7,135 7,431 7,720 8,007 68,355

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Maintenance Expenditure ForecastPrepared 10/03/2011


Asset Category $ $ $ $ $ $ $ $ $ $ $Roads 2,930,000 2,550,000 2,550,000 2,550,000 2,550,000 2,550,000 2,550,000 2,550,000 2,550,000 2,550,000 25,880,000Road Inventory 0 1,050,000 1,050,000 1,050,000 1,050,000 1,050,000 1,050,000 1,050,000 1,050,000 1,050,000 9,450,000Total Roads 2,930,000 3,600,000 3,600,000 3,600,000 3,600,000 3,600,000 3,600,000 3,600,000 3,600,000 3,600,000 35,330,000Buildings & Aquatic Centres 1,012,000 779,983 779,983 779,983 779,983 779,983 779,983 779,983 779,983 779,983 8,031,847Bridges 65,000 85,000 85,000 85,000 85,000 85,000 85,000 85,000 85,000 85,000 830,000Drainage 0 650,000 650,000 650,000 650,000 650,000 650,000 650,000 650,000 650,000 5,850,000Footpaths & Cycleways 406,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 2,206,000Recreation 3,405,000 2,900,000 2,900,000 2,900,000 2,900,000 2,900,000 2,900,000 2,900,000 2,900,000 2,900,000 29,505,000Total 7,818,000 8,214,983 8,214,983 8,214,983 8,214,983 8,214,983 8,214,983 8,214,983 8,214,983 8,214,983 81,752,847

Note1. The figures supplied are increased by a growth factor to cover extra costs associated with the City's population growth.2. The figures must also be increased by an index factor to cover CPI or the average construction cost increase.3. All figures have been reduced by the amount of funding from Section 94 contributions.

Yearly Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10Growth factor 0.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0%CPI increase 0.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0%Average construction increase 0.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0%

Cumulative Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10Growth factor 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% 9.0%CPI increase 0.0% 3.0% 6.0% 9.0% 12.0% 15.0% 18.0% 21.0% 24.0% 27.0%Average construction increase 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% 45.0%

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 TotalIndex 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2020/21

Asset Category Factor $ $ $ $ $ $ $ $ $ $ $Roads Construction 2,930,000 2,703,000 2,856,000 3,009,000 3,162,000 3,315,000 3,468,000 3,621,000 3,774,000 3,927,000 32,765,000Road Inventory Construction 0 1,113,000 1,176,000 1,239,000 1,302,000 1,365,000 1,428,000 1,491,000 1,554,000 1,617,000 12,285,000Total Roads 2,930,000 3,816,000 4,032,000 4,248,000 4,464,000 4,680,000 4,896,000 5,112,000 5,328,000 5,544,000 45,050,000Buildings & Aquatic Centres Construction 1,012,000 826,782 873,581 920,380 967,179 1,013,978 1,060,777 1,107,576 1,154,375 1,201,174 10,137,802Bridges Construction 65,000 90,100 95,200 100,300 105,400 110,500 115,600 120,700 125,800 130,900 1,059,500Drainage Construction 0 689,000 728,000 767,000 806,000 845,000 884,000 923,000 962,000 1,001,000 7,605,000Footpaths & Cycleways Construction 406,000 212,000 224,000 236,000 248,000 260,000 272,000 284,000 296,000 308,000 2,746,000Recreation CPI 3,405,000 3,016,000 3,132,000 3,248,000 3,364,000 3,480,000 3,596,000 3,712,000 3,828,000 3,944,000 34,725,000Total 7,818,000 8,649,882 9,084,781 9,519,680 9,954,579 10,389,478 10,824,377 11,259,276 11,694,175 12,129,074 101,323,302

S:\Local Government\Special variations applications - from councils - unedited\Maitland Council\Documents from CD\27 - Finance Plan 2011-12 - (Version 2 Rate Peg 2.8% & 7.0% SRV Yrs 1 & 2) - IPART\Maintenance - Chris

Maitland City CouncilProjected Income Statement

For the period 2011/12 to 2020/21

Draft2011/12

Notes ($'000)

Income from continuing operationsRates and annual charges 40,505User charges and fees 6,958Interest and investment revenue 1,917Other revenues 2,353Grants and contributions - operating 7,709Grants and contributions - capital 11,481Total income from continuing operations 70,923

Expenses from continuing operationsEmployee benefits and on-costs 25,730Borrowing costs 868Materials and contracts 12,225Depreciation and amortisation 9,738Other expenses 10,804Total expenses from continuing operations 59,365

Operating result 11,558

Less: Transfers to Reserves & Balance sheet ItemsTransfers to Internal reserves 1 (895)Transfers to S.94 reserves (9,390)Capital expenditure (12,728)Principal repayments - Loans (1,781)Principal repayments - Hire purchase (527)

(25,321)

Total funds required (13,763)

Funded by:Loan drawdowns 1,000Hire purchase drawdowns 750Non cash funding - depreciation 9,738Transfers from Internal reserves 2 1,068Transfers from S.94 reserves 1,224

13,780

Surplus (Deficit) per Management Plan 17

Notes1. Transfers to internal reservesComputer reserve 300Waste depot rehabilitation reserve 310Transfer station construction reserve 285

895

2. Transfers from internal reservesComputer reserve 250Compensatory habitat reserve 25Waste depot construction reserve 0Unrestricted cash reserve 793

1,068


For the period 2011/12 to 2020/21Balance Sheet Calculations

Prepared 20/03/11Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10

Adopted Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21

$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000Cash & Investments - Current & Non CurrentOpening balance 37,322 32,870 23,132 9,518 (551) (10,911) (19,072) (28,538) (46,643) (57,629)Add: ReceiptsIncome from continuing operations 70,923 77,355 80,107 83,250 86,214 89,137 92,859 96,877 99,430 103,374Loan drawdowns 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000Hire purchase drawdowns 750 380 0 0 2,003 750 380 0 0 2,003Add / (Subtract) adjustmentsDecrease / (Increase) in debtors (132) (192) (82) (94) (90) (88) (111) (121) (76) (118)Decrease / (Increase) in inventories (9) (9) (9) (9) (10) (10) (10) (11) (11) (11)Decrease / (Increase) in other assets 0 0 0 0 0 0 0 0 0 0Increase / (Decrease) in payables (725) 1,021 193 129 (41) 195 188 167 167 191Increase / (Decrease) in ELE provisions 145 240 248 276 285 295 306 316 327 339

71,952 79,795 81,457 84,552 89,361 91,279 94,612 98,228 100,837 106,778

109,274 112,665 104,589 94,070 88,810 80,368 75,540 69,690 54,194 49,149

Less: Total cash payments 76,404 89,533 95,071 94,621 99,721 99,440 104,078 116,333 111,823 112,034

Closing balance 32,870 23,132 9,518 (551) (10,911) (19,072) (28,538) (46,643) (57,629) (62,885)

Made up as follows: - Section 94 reserve 15,937 14,560 13,158 11,693 12,153 12,879 13,651 14,633 15,678 16,858 - Internal reserves 8,134 9,061 8,468 9,531 7,949 8,835 10,027 3,038 3,038 3,038 - Other investments 8,799 (489) (12,108) (21,775) (31,013) (40,786) (52,216) (64,314) (76,345) (82,781)

32,870 23,132 9,518 (551) (10,911) (19,072) (28,538) (46,643) (57,629) (62,885)

Cash & investments 32,870 23,621 21,626 21,224 20,102 21,714 23,678 17,671 18,716 19,896Projected cash shortfall 0 (489) (12,108) (21,775) (31,013) (40,786) (52,216) (64,314) (76,345) (82,781)Total 32,870 23,132 9,518 (551) (10,911) (19,072) (28,538) (46,643) (57,629) (62,885)

Cash & investments - Current 19,722 14,173 12,976 12,734 12,061 13,028 14,207 10,603 11,230 11,938 - Non current 13,148 9,448 8,650 8,490 8,041 8,686 9,471 7,068 7,486 7,958

32,870 23,621 21,626 21,224 20,102 21,714 23,678 17,671 18,716 19,896

Current cash & investments - Unrestricted 8,799 0 0 0 0 0 0 0 0 0 - Internal restrictions 8,134 9,061 8,468 9,531 7,949 8,835 10,027 3,038 3,038 3,038

2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 - External restrictions 2,789 5,112 4,508 3,203 4,112 4,193 4,180 7,565 8,192 8,900

19,722 14,173 12,976 12,734 12,061 13,028 14,207 10,603 11,230 11,938

Non current cash & investments - Unrestricted 0 0 0 0 0 0 0 0 0 0 - Internal restrictions 0 0 0 0 0 0 0 0 0 0 - External restrictions 13,148 9,448 8,650 8,490 8,041 8,686 9,471 7,068 7,486 7,958

13,148 9,448 8,650 8,490 8,041 8,686 9,471 7,068 7,486 7,958

Total cash & investments 32,870 23,621 21,626 21,224 20,102 21,714 23,678 17,671 18,716 19,896

LoansOpening balance - Current & Non Current 12,216 11,435 10,618 9,760 8,930 8,270 7,440 6,739 6,239 5,793Add: Loan drawdowns 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000

13,216 12,435 11,618 10,760 9,930 9,270 8,440 7,739 7,239 6,793Less: Principal repayments 1,781 1,817 1,858 1,830 1,660 1,830 1,701 1,500 1,446 1,162Closing balance 11,435 10,618 9,760 8,930 8,270 7,440 6,739 6,239 5,793 5,631

Current 1,817 1,858 1,830 1,660 1,830 1,701 1,500 1,446 1,162 1,101Non current 9,618 8,760 7,930 7,270 6,440 5,739 5,239 4,793 4,631 4,530Total 11,435 10,618 9,760 8,930 8,270 7,440 6,739 6,239 5,793 5,631

Hire PurchaseOpening balance - Current & Non Current 2,015 2,238 2,000 1,380 703 2,047 2,191 2,000 1,380 703Add: HP drawdowns 750 380 0 0 2,003 750 380 0 0 2,003

2,765 2,618 2,000 1,380 2,706 2,797 2,571 2,000 1,380 2,706Less: Principal repayments 527 618 620 677 659 606 571 620 677 659Closing balance 2,238 2,000 1,380 703 2,047 2,191 2,000 1,380 703 2,047

Current 618 620 677 659 606 571 620 677 659 606Non current 1,620 1,380 703 44 1,441 1,620 1,380 703 44 1,441Total 2,238 2,000 1,380 703 2,047 2,191 2,000 1,380 703 2,047

Property, Plant & EquipmentOpening balance - Cost 966,134 990,603 1,021,566 1,054,469 1,083,450 1,114,692 1,141,571 1,169,145 1,204,917 1,231,783Less: Accum depn (215,018) (224,756) (234,787) (245,119) (255,761) (266,723) (278,015) (289,645) (301,623) (313,960)WDV 751,116 765,847 786,779 809,350 827,689 847,969 863,556 879,500 903,294 917,823Add: Purchases - Plant 2,085 1,755 1,416 1,458 3,505 2,297 1,973 1,641 1,690 3,744 - Other 10,643 17,467 19,746 18,282 18,721 15,566 16,585 25,115 16,160 18,965 - Section 94 capital 11,741 11,741 11,741 9,241 9,016 9,016 9,016 9,016 9,016 0

24,469 30,963 32,903 28,981 31,242 26,879 27,574 35,772 26,866 22,709Less: WDV of disposalsLand & buildings 0 0 0 0 0 0 0 0 0 0Other 0 0 0 0 0 0 0 0 0 0

2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/210 0 0 0 0 0 0 0 0 0

Add: Revaluation 0 0 0 0 0 0 0 0 0 0Add/(subtract) other adjustments 0 0 0 0 0 0 0 0 0 0

Closing balance 775,585 796,810 819,682 838,331 858,931 874,848 891,130 915,272 930,160 940,532Less: Depn expense (9,738) (10,031) (10,332) (10,642) (10,962) (11,292) (11,630) (11,978) (12,337) (12,706)Closing WDV 765,847 786,779 809,350 827,689 847,969 863,556 879,500 903,294 917,823 927,826

Receivables (Current)Opening balance 1,997 2,129 2,321 2,403 2,497 2,587 2,675 2,786 2,907 2,983Adjustment required 132 192 82 94 90 88 111 121 76 118Closing balance 2,129 2,321 2,403 2,497 2,587 2,675 2,786 2,907 2,983 3,101

Inventories (Current)Opening balance 285 294 303 312 321 331 341 351 362 373Increase (CPI) 9 9 9 9 10 10 10 11 11 11Closing balance 294 303 312 321 331 341 351 362 373 384

Other assets (Current)Opening balance 0 0 0 0 0 0 0 0 0 0Adjustment required 0 0 0 0 0 0 0 0 0 0Closing balance 0 0 0 0 0 0 0 0 0 0

Payables (Current)Opening balance 4,653 3,928 4,949 5,142 5,271 5,230 5,425 5,613 5,780 5,947Adjustment required (725) 1,021 193 129 (41) 195 188 167 167 191Closing balance 3,928 4,949 5,142 5,271 5,230 5,425 5,613 5,780 5,947 6,138

Provision - ELE (Current)Opening balance 7,240 7,385 7,625 7,873 8,149 8,434 8,729 9,035 9,351 9,678Increase (Award) 145 240 248 276 285 295 306 316 327 339Closing balance 7,385 7,625 7,873 8,149 8,434 8,729 9,035 9,351 9,678 10,017

Provision - Tip remediation (Current)Opening balance 0 0 0 0 0 0 0 0 0 0Increase 0 0 0 0 0 0 0 0 0 0Closing balance 0 0 0 0 0 0 0 0 0 0

Provision - ELE (Non Current)Opening balance 0 0 0 0 0 0 0 0 0 0Increase (Award) 0 0 0 0 0 0 0 0 0 0Closing balance 0 0 0 0 0 0 0 0 0 0

Provision - Tip remediation (Non Current)Opening balance 4,764 4,764 4,764 4,764 4,764 4,764 4,764 4,764 4,764 4,764Increase 0 0 0 0 0 0 0 0 0 0Closing balance 4,764 4,764 4,764 4,764 4,764 4,764 4,764 4,764 4,764 4,764

2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21

Equity StatementRetained earningsRevaluation reserve

Printed: 1/04/2011S:\Local Government\Special variations applications - from councils - unedited\Maitland Council\Documents from CD\27 - Finance Plan 2011-12 - (Version 2 Rate Peg 2.8% & 7.0%

SRV Yrs 1 & 2) - IPART\Cashflow Worksheet



Statement of performance measuresYear 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10

Actual Estimate Draft Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate Estimate2009/10 2010/11 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000) ($'000)

1. Operating balance ratio

Net operating result excluding capital $ 1,162 (1,141) 77 (756) (1,926) (2,603) (2,556) (4,000) (4,796) (5,411) (7,688) (8,863)Operating revenue excluding capital $ 55,342 53,892 59,442 65,410 68,096 71,172 74,566 77,417 81,066 85,008 87,483 91,347

Ratio 2.10% (2.12%) 0.13% (1.16%) (2.83%) (3.66%) (3.43%) (5.17%) (5.92%) (6.37%) (8.79%) (9.70%)

2. Unrestricted current ratio

Current assets less all external restrictions $ 24,800 22,698 18,958 11,274 10,759 11,912 10,417 11,387 12,686 5,815 5,887 6,001Current liabilities less specific purpose liabilities $ 8,815 8,349 7,715 9,326 21,183 30,875 40,302 50,208 61,712 74,013 86,005 92,645

Ratio 281.34% 271.86% 245.73% 120.89% 50.79% 38.58% 25.85% 22.68% 20.56% 7.86% 6.84% 6.48%

3. Rates & and annual charges ratio

Rates and annual charges $ 34,867 36,455 40,505 45,151 47,213 49,341 51,659 53,475 55,893 58,550 60,236 62,805Operating expenses $ 54,180 55,033 59,365 66,166 70,022 73,775 77,122 81,417 85,862 90,419 95,171 100,210

Ratio 64.35% 66.24% 68.23% 68.24% 67.43% 66.88% 66.98% 65.68% 65.10% 64.75% 63.29% 62.67%

4. Debt service ratio

Debt service cost $ 2,582 3,061 3,176 3,336 3,315 3,270 3,088 3,245 3,093 2,878 2,817 2,525Revenue from continuing operations excluding $ 52,458 52,062 57,579 63,492 66,120 69,137 72,471 75,261 78,847 82,725 85,132 88,928capital items and specific purpose grants/contributions

Ratio 4.92% 5.88% 5.52% 5.25% 5.01% 4.73% 4.26% 4.31% 3.92% 3.48% 3.31% 2.84%

5. Broad liabilities ratio

Total debt plus cost to clear infrastructure backlog $ 55,676 82,070 80,062 73,279 77,079 78,660 85,802 92,110 99,868 108,067 116,195 121,034Operating revenue $ 66,739 64,455 70,923 77,355 80,107 83,250 86,214 89,137 92,859 96,877 99,430 103,374

Ratio 83.42% 127.33% 112.89% 94.73% 96.22% 94.49% 99.52% 103.34% 107.55% 111.55% 116.86% 117.08%

6. Asset renewals ratio

Asset renewals (building and infrastructure) $ 9,175 9,153 10,581 16,777 17,311 17,382 14,991 15,170 15,871 16,586 17,161 19,916Depreciation, amortisation and impairment $ 5,241 5,275 5,560 5,727 5,900 6,077 6,260 6,449 6,642 6,841 7,047 7,258(building & infrastructure)

Ratio 175.06% 173.52% 190.31% 292.95% 293.41% 286.03% 239.47% 235.23% 238.95% 242.45% 243.52% 274.40%