Delivery Program 2009–2012 - Rockdale City Council - NSW ...

Capital Works ProgramCouncil’s objective is to maintain community assets to at least the same standard they were in at the beginning ofeach year. However, as described earlier in the Financial Plan Context, we have suffered a leakage from the CapitalWorks Allocations due to the income gap and other priorities competing for limited funding.Council took corrective action to address this problem by resolving that a key objective is to maintain the servicepotential of assets to at least the same level as they were at the start of the year in order to restrain the deteriorationof assets. Significant improvements have been achieved in recent years as shown in the following graph:Funding Shortfall/(Surplus)$3.0$2.5$2.0$1.5Million’s$1.0$0.5$0.0($0.5)($1.0)01/02 02/03 03/04 04/05 05/06 06/07 07/08Although Council now manages to allocate sufficient funds to eliminate the scenario of an ‘annual funding shortfall’for asset renewals, we do not have sufficient funds available to fund the $9.8 million in backlog for assets requiringrehabilitation.