Management Plan 09-13 Quarterly Report 3rd Quarter January - March - PowerPoint PPT Presentation

Management Plan 09-13 Quarterly Report 3rd Quarter January - March 2010 Presentation: Executive Team 25 May 2010

EXECUTIVE OVERVIEW 2

Executive Summary • Working Capital improved by $200k to $4.4m • Operating Result reduced by $3.628m to $149k Deficit ($4m investment write down) • Capital Works Program on track - 74% of works completed • DA Assessment times improving from 28 days (242 app) to 25 days (195 app) • DA value reduced from $483.5m to $32.5m • Average time for Construction Certificates increased from 8 days (47) to 10 days (56) • Improvement in customer service responses by 14.1% to 81% • Staff turnover reducing to 8.63% (target 15%) • 88% of projects in Plan on target for completion by June 2010 3

Working Capital Summary Projected 30 June 2010 Available Working Capital $5,000 $4,400 $4,200 $4,200 $3,900 $4,000 $3,000 $2,000 $1,000 $0 1 Original Budget September Budget December Budget Proposed March Budget 4

Operating Result Jan - Mar 10 Operating Result 9,500 8,500 7,787 7,500 6,500 5,500 4,052 4,500 3,479 3,500 2,500 1,500 500 -500 -149 Original 2009/10 Budget September 2009 Review December 2009 Review March 2010 Review 5

Operating Result Summary • Main reason for $3.6m reduction in Operating Result due to impairment (write down) of 3 ‘at risk’ investments – $ 4 M face value • Complies with Australian Accounting Standards • Investments still operating at this stage however deemed highly unlikely reach maturity • No impact on Available Working Capital, due to draw down from Financial Security Reserve created to protect Council from GFC. 6

Income Variations to Budget in March result in: ↑ $605K • Operating Income • Capital Income ↓ $237K 7

Major Variations Operating Income ↑ $605 • Interest on Investments ↑ $600K – Increased returns from rises in official cash rates • Restoration income ↑ $100K – Increased road restoration works for public utilities (offset by expenditure) • Operating Grants ↑ $25K – DECC-W grant for Eastwood & Terry's Creek Floodplain Management program • Regulation income – parking meters ↓ $120K – Reduced utilisation and coverage 8

Major Variations Capital Income ↓ $237K Capital Grants & Contributions ↓ $237K Reductions in Grants & contributions – ↓ $1M Voluntary Planning Agreement revenue • Impact of Global Financial Crisis on major development within the City • leading to deferral of major developments – revenue restricted – ↓ $109K RTA Bike Route LL12 Epping Road • Shrimptons Creek to Lyon Park Road Additional Grants & contributions – ↑ $432K Kissing Point & Benelong Parks • $100K Sydney Harbour Access Program • $332K Metropolitan Greenspace Program – ↑ $40K Dunbar Park - Minimbah School • NSW Community Building Partnership Program – ↑ $285K Macquarie Park Public Domain - TIDC & RTA – ↑ $25K Buffalo Creek SQUID Estuary Management Program • DECC-W – ↑ $50K Morrison Bay Toilet Block • North West Sydney Women's Football Club 9

Expenditure Variations to Budget in March result in: • Operating Expenditure ↑ $4.0M • Capital Expenditure ↑ $510K 10

Major Variations Operating Expenditure ↑ $4M • Impairment of Investments ↑ $4M – 3 at risk investments unlikely to reach maturity – Impaired in compliance with Australian Accounting Standards – Covered by Financial Security Reserve • Investment portfolio – legal costs ↑ $40K • ALWGA National Women’s Conference ↑ $50K – City of Ryde host – offset by conference income • Road Restorations costs ↑ $100K – Increased road restoration works for public utilities offset by income • Eastwood & Terry's Creek Floodplain Management program ↑ $35K – Additional works funded in part by $25K grant • Board of Fire Commissioners Contribution ↓ $115K • RALC Operating costs ↓ $140K – cost containment to partly offset decline in revenue (Net result met from Reserve) • Civil Liability Claim - $120k (Funded from Salary Savings) ↑ $120k 11

Assets Capital Works Program Jan – Mar 10 March YTD YTD Current Revised Revised YTD Qtr Budget Budget Budget Actuals Variance Key Outcome Areas ($'000) ($'000) ($'000) ($'000) ($'000) Buildings & Property 5,642 5,657 2,847 2,233 (614) 12,039 12,249 8,699 6,606 (2,093) Access Catchments & Assets 3,878 3,906 3,449 3,131 (317) Parks 4,469 4,714 4,066 3,604 (462) RALC 836 836 692 141 (550) Total Infrastructure Assets 26,863 27,361 19,752 15,714 (4,037) Information Management 410 410 410 178 (232) Waste & Fleet 2,844 2,844 2,324 1,479 (845) Library Services 415 426 305 249 (56) Total Capital Expenditure 30,532 31,042 22,791 17,620 (5,170) 74% of projects have been completed

Capital Works Program • $510K increase in program from $30.5M to $31M • Changes in scope of projects and funding mix due to allocation of $600K of grants and contributions • Includes draw down of $152K of general revenue as follows: 13

Capital Works Program Summary of variations • Parks ↑ $245K • Access ↑ $210K • Buildings & Property ↑ $ 15K • Catchments & Assets ↑ $ 28K • Library ↑ $ 12K • Total ↑ $510K (Proposed variations listed in Annexure 4 of Management Plan Quarterly Report) 14

OTHER KEY FINANCIAL INDICATORS 15

Rates Outstanding Jan – Mar 10 6.00% 5.00% 4.79% 4.00% 4.25% % 3.00% 2.00% 1.00% 0.00% Group 3 Average CoR 16

Debt Service Ratio Jan – Mar 10 Debt Service Ratio 3.50% 3.00% 3.13% 2.50% 2.00% % 1.50% 1.00% 0.90% 0.50% 0.00% Group 3 Average CoR 17

Key Service Delivery Indicators 18

People Ryde Aquatic Leisure Centre Jan – Mar 2010 Operating Position & Program Visits Year to Date Result 1 ,200,000 1 ,068,457 1 ,000,000 81 1 ,979 800,000 600,000 394,881 368,1 95 400,000 07/08 08/09 07/08 08/09 200,000 06/07 06/07 07/08 07/08 0 Operating Position $ (YTD) Program Visits (YTD) An improved quarter with 5% down overall yr to date for visitors

People Library Issues Jan – Mar 10 Jan - Mar 2009 300,000 Jan - Mar 2010 257,930 244,536 250,000 200,000 150,000 100,000 50,000 0 Total Libraries 06/07 06/07 07/08 07/08 3 rd Qtr 3 rd Qtr 08/09 07/08 08/09 2008/09 2009/10 20

People Library Visitors Jan – Mar 10 Jan-Mar 2009 250,000 Jan-Mar 2010 202,488 200,000 170,699 150,000 100,000 50,000 0 06/07 06/07 07/08 07/08 Total Libraries 07/08 08/09 3 rd Qtr 3 rd Qtr 07/08 08/09 2008/09 2009/10 21

Environment DA’s Received and Determined Jan – Mar 2010 Received DA's Received and Determined 2009-2010 Determined 400 350 300 250 Number 2008/09 2008/09 200 150 100 50 Quarter 0 Jul-Sept Oct-Dec Jan-Mar Note: Includes Development Applications and Section 96 Applications 22

Environment Development Value of Approved DA’s 2008/2009 2009/2010 $1,000,000,000 $893,000,000 $900,000,000 $800,000,000 $700,000,000 $610,000,000 $600,000,000 Millions $483,500,000 $500,000,000 $400,000,000 $300,000,000 $200,000,000 $127,227,985 $96,101,073 $100,000,000 $30,671,350 $32,505,254 $0 Jul-Sep Oct-Dec Jan-Mar Apr-Jun Quarter Note: Includes Development Applications and Section 96 Applications 23

Environment Section 94 Development Contributions Jan – Mar 2010 Approved Received $3,500,000 $3,170,993 $3,000,000 $2,500,000 $2,000,000 Value $1,500,000 $1,000,000 $725,594 $629,074 $500,000 $355,394 $303,876 $174,265 $0 Jul-Sep Oct-Dec Jan-Mar Quarter 24

Environment Development Application Assessment Time As per Department of Planning 2008/09 and Jan - Mar 2010 08/09 Median 50 08/09 Average/Mean Median 45 Average/Mean 40 36 35 31.5 30.5 29.5 30 27.5 27 25 24.5 Days 25 20 15 10 . 5 0 Total 2008/2009 Jul-Sept Oct-Dec Jan-Mar Note: Department of Planning criteria to establish DA assessment time has changed. * Net assessment times (working days only, less "stop the clock" times). 25 * Includes Development Applications and Section 96 Applications .

Environment Development Application Assessment Time As per Department of Local Government 2008/2009 and Jan – Mar 2010 08/09 Median 08/09 Average/Mean 60 Median 56 Average/Mean 55 48 50 44.1 42.7 45 41.3 38.5 40 35 34.3 35 Days 30 25 20 15 10 5 . 0 Total 2008/2009 Jul-Sept Oct-Dec Jan-Mar Note: Department of Local Government reporting framework has changed. * Net assessment times (calendar days, less "stop the clock" times). * Includes Development Applications and Section 96 Applications . 26

Environment Development Application Assessment Time as per Department of Local Government No. of DA’s Assessment Time (Median) January – March 2010 195 25 January – March 2009 242 27.85 Total 2008/2009 1021 27 Total 2007/2008 1222 23 Comments? 27