REASON FOR THE FORUM Building on the consultative process used to develop the 2018/19 budget, and 10 year Financial Plan.
AIM OF THE PROCESS • To establishing where our assets are at, • To determine future costs, and • Identify potential sources of income through strategic asset management, creating a stronger link between our SCP , LTFP and AMP , helping to make better, more strategic decisions
ASSET ASSESSMENT Using a grading of ‘Fit for Purpose’ and ‘Standard & Quality’ Town of Claremont Built Assets Assessment 12 10 10 9 8 8 8 8 8 8 8 8 7 7 7 7 7 7 7 7 7 6 6 6 6 6 6 6 5 5 5 5 5 5 4 4 4 3 3 2 0 Fit for purpose Standard / Quality
FINANCIAL PLANNING TIMELINE June OCM 22 April 18 March 20 May 18 February Forum Adoption of 2019-20 Budget 2019-20 Budget Long Term Planning 2019-20 2019-20 Budget Forum Forum Forum Budget
LONG TERM FINANCIAL PLANNING The Long Term Financial Plan (LTFP) is required under Integrated Planning and Reporting Framework as set out in the LG Act Must be for a minimum 10 years and reviewed as part of the Corporate Business Plan review Last reviewed by Council at its 19 June 2018 for period 2017-18 to 2026-27
LONG TERM FINANCIAL PLANNING Applying a range of forecasted assumptions, the plan includes on a year to year basis; operating revenue and expenditure in delivering statutory and discretionary services Identified asset renewal as determined by the Council’s various Asset Management Plans Specific community priorities as identified in Councils Strategic Community Plan
• Redeveloped and extended 2014 (Val. $6.76M 308 STIRLING HIGHWAY Loan$1.59M) • Located on Recreation Reserve • Car Parking Issue
• Over 100 years old • Purpose is to accommodate ANZAC COTTAGE returned service personal and families • Lease occupant does not meet criteria • Maintain and preserve asset
Splash Pad – $600,000. CLAREMONT AQUATIC Waiting for second round announcements for AusSport CENTRE Chemical Chlorine Upgrade for OSH risk $150k Loan - $759,714 (Pool upgrade 2010)
• $1.5M Redevelopment FRESHWATER BAY • Funded in current budget • A Class Reserve - extension of permitted use MUSEUM • State Heritage Office assessment and public work DA exemption
• Upgraded 2011 ($0.88M CLAREMONT COMMUNITY HUB & borrowing) • National Trust classification LIBRARY • Air conditioners fixed
1956 built Strategic asset located on Recreation CLAREMONT PARK / Reserve Safety issues with windows, provision made within mid year budget review to resolve ($23,000) BOWLING CLUB Bethesda Parking will be dealt with as part of the Scheme Amendment which may have ramifications on street parking Supports ToC staff parking through lease arrangements
Budgeted in Reserves $400,000 ($35,000 allocated to design MACKENZIE PAVILION consultancy) Design and costing available end 10 CRESWELL PARK May 2019 Hon Julie Bishop CDG for $1million Clubs may contribute $75,000 each
• Course upgrade 2016-17 • Toilet upgrade 2017-18 • Breezeway works – 2018-19 CLAREMONT GOLF COURSE • DA issued for Tavern awaiting liquor licence • Requires variation to the Management Agreement (grounds) and Lease (buildings)
• Original Value proposed at $2.175M • New Valuation presented to the Town was over $4 million POLICE STATION • New cost reduced the ROI to amalgamate (& free title) with remaining reserve to elevate value to $8M. • Suggestion: Remove from consideration
CAR PARK NO.7 • On of the Town’s strategic sites. To be included in Activity Centre Plan to assess (LEURA AVE) built form outcomes. • LV $8.2M
• FJM have indicated they are interested in discussing acquisition of our land and LOTS 502 & 504 LEURA AVENUE enter into arrangements with the Town to close the road to create a new development site, and facilitate changes to the Bunnings service area
• Strategic site adjacent to Goods Shed CAR PARK NO.5 • LV $2.7M • $1.1M Developer Contribution liability (NEP Developer Contribution Reserve - (SHENTON ROAD) $365,622) • Subject Activity Centre Plan and may be suitable to multi-storey car park or other commercial / residential uses
• Purchased 2011 $11M ($5.5M borrowing) • Currently leased for $214,000pa TYPIKA SITE • Nine storey development opportunity under Stirling Hwy LDP and requires Activity Centre Plan • Opportunities to develop with adjoining owners (John Bond and new owner)
• 40 lease from PTA (peppercorn) • Sublease 5x5 to FORM ($86,528pa). STATION MASTERS HOUSE • Reduction in lease space • PTA approved airport link turnaround at Claremont which may have lease implications
• Leased to FORM by LandCorp • LandCorp to dispose & recoup costs of upgrade costs & Developer Contribution GOODS SHED • Suggestion: Council to consider the purchase of the building • Possible changes to the NEP structure plan resulting from Station Access proposals and need to consider community space (Perth Alive)
• $1million approximately for road improvement works • Waiting on PTA plan to be finalised RAILWAY STATION PRECINCT then it can be included in the Town Centre Activity Centre Plan • Project discussions around Underpass, Overpass with Station Access and new bus Terminal
• Scotch, FORM and Lotterywest interest (LC Concept Plan 2010 & 2016) ECO CULTURAL CENTRE • Could include toilets to support park users • Focus on sustainable lake, flora and fauna practices with an education focus • Cost estimate $800,000
• Right of Way study under review • Proposals include acquisition and widening (where required) RIGHT OF WAYS • ROW’s could be dedicated under public use • This supports Town Planning Scheme requirements for access to rear of lots from ROW • Upgrades to lightning and drainage will be considered • Will generate an impact to asset preservation allocations
Inspected annually by contractor (proposal to train staff) FOOTPATHS AND SHARED PATHS Provides status and quality report for all footpaths Paths provided with a condition rating 1-5
Footpaths constructed in APPLICATION OF POLICY accordance with Policy, both in respect to location, width, type and function
Limestone $25/m2 COSTS PER SQ.M Cream Concrete $114/m2 District Distributors $140/m2 Stirling Highway $150/m2
Concrete 47.63km (including grey, cream and aggregate concrete) Asphalt 7.61km FOOTPATHS AND SHARED PATHS Brick Paving 4.37 km Slabs 21.52km Limestone 2.6km Total 83.73 kms
Footpath assets have a current replacement value of ASSET PRESERVATION $19.178million Based on useful life data, this requires a minimum allocation of $421,400 per annum
• Slab footpaths have a value of $4.3million FOOTPATHS AND SHARED PATHS • Therefore $430,000 per year for 10 years would replace this with concrete (subject to widths and hierarchy) • This is in ADDITION to the Asset Preservation value
Footpath Capital Allocations 2015-2019 1,200,000 1,000,000 800,000 600,000 400,000 200,000 - 2015-16 2016-17 2017-18 2018-19 Series1 Series2 FOOTPATH PROGRAM – PRIOR YEARS EXPENDITURE
Road Inspections occur every 5 years ROAD NETWORK 4 specific defects and a range of other factors create a status and standard rating for every road
Road hierarchy directly relates to the expected life of a road ROAD NETWORK asset, as vehicle movements per day is a major element of this calculation
Asset value is determined as a combination of the formation ROAD NETWORK (below 150mm), pavement (30- 150mm) and the seal (top 30mm) plus the kerb
ASSET PRESERVATION ALLOCATION- $153,00 per annum required to maintain the status quo on the pavement value ROADS $921,644 required to maintain the status quo for the seal and kerb (total $1.171million p.a)
This $1.171million is based on CRC or current replacement cost ASSET PRESERVATION- LONG TERM So as the standards change or design concepts increase (e.g. Davies Road), this will alter the assert value and the CRC
Total Road Projects 2015-2018 (Gross) 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 - 2015-16 2016-17 2017-18 2018-19 Gross Actual Expenditure Preservation Value ROAD PROGRAM – PRIOR YEARS EXPENDITURE (GROSS)
Nett Road Allocation 2015-2019 2,500,000 2,000,000 1,500,000 1,000,000 500,000 - 2015-16 2016-17 2017-18 2018-19 Road Expenditure Preservation Value ROAD PROGRAM – PRIOR YEARS EXPENDITURE (NETT)
Proposal to undertake a park use audit, linking function, facilities and services with demands and users PARKS AND PUBLIC OPEN SPACE Hatchett Park is an example of this type of process
New facility within former Brockway Tip Site (class 1) $200,000 allocated to facilitate DEPOT FACILITY this relocation $25,000 per annum lease plus outgoings 20m x 60m facility with new shed and infrastructure
Costing estimates 2018/19 financial year DAVIES STREET REDESIGN Regional Road Group Funded (2/3 rd of original estimate plus 10%)
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