ordinary meeting of council to be held on tuesday, 26 april 2005 at ...
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ordinary meeting of council to be held on tuesday, 26 april 2005 at ...

ordinary meeting of council to be held on tuesday, 26 april 2005 at ... ordinary meeting of council to be held on tuesday, 26 april 2005 at ...

kmc.nsw.gov.au
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Ku-ring-gai Council Draft Management Plan 2005-2009 REPLACEMENT AND SALE OF ASSETS Replacement ong>ofong> Assets $650,000 has ong>beong>en provided in the 2005/2006 budget for operational plant replacement and $300,000 for passenger fleet replacement. Plant will ong>beong> replaced during 2005/2006 taking inong>toong> account the following turnover periods: Plant Type Fleet Passenger Vehicles Light Commercials Trucks < 4 ong>toong>nne Trucks > 4 ong>toong>nne Buses Tracong>toong>rs/Mowers Road Sweepers/Compacong>toong>rs Backhoes/Rollers Turnover Period 1 year/25,000 km 3 years/60,000 km 4 years 7 – 8 years 4 years 4 – 5 years 7 years 8 – 10 years Sale ong>ofong> Assets Council’s vehicles shall ong>beong> disposed ong>ofong> in one ong>ofong> three ways: 1. Public Auction 2. Public Tender 3. Other means (eg trade in) as approved by the General Manager. In the current market, sale by public auction is the most cost-effective method ong>ofong> disposal. Page 83

Ku-ring-gai Council Draft Management Plan 2005-2009 4 YEAR FINANCIAL FORECAST STATEMENT OF FUNDING BUDGET REVISED BUDGET DRAFT LONG TERM FINANCIAL PLAN FINANCIAL FORECAST 2004/2005 2004/2005 2005/2006 2006/2007 2007/2008 2008/2009 Cash In Rates 35,330,000 35,354,300 36,554,000 37,833,390 39,157,559 40,528,073 Infrastructure Levy 1,704,700 1,704,700 1,767,000 1,828,845 0 0 Annual Charges:Domestic & Trade Waste 8,659,100 8,659,100 9,501,200 9,786,236 10,079,823 10,382,218 User Fees & Charges 14,130,500 14,437,400 15,139,600 15,669,486 16,217,918 16,785,545 Interest Income 895,000 925,000 1,005,000 1,215,188 1,273,067 1,281,144 Recurrent Grants 4,556,600 4,570,200 4,501,700 4,636,751 4,775,854 4,919,129 Contributions - Section 94 & C.T.W 2,000,000 2,000,000 4,700,000 4,725,570 9,451,140 9,451,140 Capital Grants 415,000 555,200 565,000 565,000 565,000 565,000 New Loans 1,600,000 1,600,000 1,400,000 1,000,000 1,000,000 1,000,000 Asset Sales 0 0 17,000,000 0 0 0 Total Cash In 69,290,900 69,805,900 92,133,500 77,260,466 82,520,360 84,912,249 Cash Out Employee Costs 26,681,600 26,997,300 27,993,200 29,342,962 30,214,095 31,111,429 Operating Expenses 9,694,500 9,897,300 9,962,900 10,211,973 10,508,120 10,812,855 Materials and Contracts 15,757,700 15,150,500 16,475,700 16,887,593 17,377,333 17,881,275 Statuong>toong>ry Levies 2,144,500 2,188,800 2,236,000 2,284,350 2,341,838 2,400,993 Pensioner Rebate 800,000 800,000 1,098,400 1,109,384 1,120,478 1,131,683 Capital Acquisitions 636,400 548,100 647,700 663,893 683,145 702,957 Interest Expense 693,700 693,700 698,000 724,740 693,620 675,672 Principal Repayments 2,153,200 2,153,200 1,538,500 1,706,461 1,856,685 1,877,305 Total Cash Out 58,561,600 58,428,900 60,650,400 62,931,354 64,795,313 66,594,170 Headline Budget Surplus/(Deficit) 10,729,300 11,377,000 31,483,100 14,329,111 17,725,047 18,318,079 Funds To Restricted Assets 5,545,800 5,730,800 25,787,300 8,631,523 13,240,354 13,495,711 Funds To Depreciation Reserves 1,100,000 1,100,000 1,130,000 1,162,770 1,196,490 1,231,189 Operating Net Surplus/(Deficit) 4,083,500 4,546,200 4,565,800 4,534,818 3,288,203 3,591,180 Projects (excluding S94) 8,874,500 13,187,000 9,762,300 19,941,491 9,223,420 8,851,312 Section 94 Funded Projects 0 0 0 3,000,000 4,000,000 4,000,000 Total Projects 8,874,500 13,187,000 9,762,300 22,941,491 13,223,420 12,851,312 Funded By General Fund 778,800 1,241,500 1,398,800 1,705,973 2,288,203 2,591,180 New Loans 1,600,000 1,600,000 1,400,000 1,000,000 1,000,000 1,000,000 Infrastructure Levy 1,704,700 1,704,700 1,767,000 1,828,845 0 0 Sub Total (Operating Surplus) 4,083,500 4,546,200 4,565,800 4,534,818 3,288,203 3,591,180 Surplus Carried Forward 0 423,400 0 0 0 0 Section 94 Plan 27,600 44,800 30,000 30,870 31,765 32,686 Section 94 Pre Plan 0 126,000 0 0 0 0 Section 94 2004 Plan 0 30,000 0 3,000,000 3,500,000 3,500,000 Section 94 Future Plans 0 0 0 0 0 0 Other Restricted Assets 4,763,400 8,016,600 5,166,500 15,364,618 4,194,234 4,011,260 Net Surplus/(Deficit) 0 0 0 (11,184) (2,209,217) (1,716,186) Page 84

Ku-ring-gai Council<br />

Draft Management Plan <strong>2005</strong>-2009<br />

REPLACEMENT AND SALE OF ASSETS<br />

Replacement <str<strong>on</strong>g>of</str<strong>on</strong>g> Assets<br />

$650,000 has <str<strong>on</strong>g>be</str<strong>on</strong>g>en provided in the <strong>2005</strong>/2006 budget for oper<strong>at</strong>i<strong>on</strong>al plant replacement<br />

and $300,000 for passenger fleet replacement.<br />

Plant will <str<strong>on</strong>g>be</str<strong>on</strong>g> replaced during <strong>2005</strong>/2006 taking in<str<strong>on</strong>g>to</str<strong>on</strong>g> account the following turnover<br />

periods:<br />

Plant Type<br />

Fleet Passenger Vehicles<br />

Light Commercials<br />

Trucks < 4 <str<strong>on</strong>g>to</str<strong>on</strong>g>nne<br />

Trucks > 4 <str<strong>on</strong>g>to</str<strong>on</strong>g>nne<br />

Buses<br />

Trac<str<strong>on</strong>g>to</str<strong>on</strong>g>rs/Mowers<br />

Road Sweepers/Compac<str<strong>on</strong>g>to</str<strong>on</strong>g>rs<br />

Backhoes/Rollers<br />

Turnover Period<br />

1 year/25,000 km<br />

3 years/60,000 km<br />

4 years<br />

7 – 8 years<br />

4 years<br />

4 – 5 years<br />

7 years<br />

8 – 10 years<br />

Sale <str<strong>on</strong>g>of</str<strong>on</strong>g> Assets<br />

Council’s vehicles shall <str<strong>on</strong>g>be</str<strong>on</strong>g> disposed <str<strong>on</strong>g>of</str<strong>on</strong>g> in <strong>on</strong>e <str<strong>on</strong>g>of</str<strong>on</strong>g> three ways:<br />

1. Public Aucti<strong>on</strong><br />

2. Public Tender<br />

3. Other means (eg trade in) as approved by the General Manager.<br />

In the current market, sale by public aucti<strong>on</strong> is the most cost-effective method <str<strong>on</strong>g>of</str<strong>on</strong>g><br />

disposal.<br />

Page 83

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