ANNUAL REPORT 2015 - 2016 Our Vision

TOWN OF CAMBRIDGE ANNUAL REPORT 2015 - 2016 Our Vision

Cambridge is a place where things happen. Stylish new and enhanced development will create hubs of community activity - places where families and friends get together, where business thrives and access is easy. Housing will become more diverse to accommodate people at different life stages and our suburban landscape will enhance its appeal through beautiful green and open spaces.

CONTENTS

Mayor’s Report �� 2

Elected Members �� 4

Ward Boundaries �� 6

Committees and working groups �� 7

Council Functional Structure �� 8

Executive Management & Operational Managers �� 9

Chief Executive Officer’s Report �� 10

Projects �� 12

Corporate and Strategic �� 15

Community Development �� 20

Development and Sustainability �� 28

Infrastructure �� 37 Important Please Read

Statutory Compliance and Civic Responsibilities ��46 The aerial imagery was shot by Just Gravity and other imagery provided from various About our Town �� 48 photographers including Douglas Mark Financial Report �� 50 Black Photography and f22 Photography. VALUES BUSINESS In everything we do, we will seek to adhere to a set of values that guides our attitudes and behaviours. PHILOSOPHY We are committed to making decisions in the interests of both current and future generations. Our approach will be Friendly and Helpful based on the following ideals: We value our customers and our work colleagues and will assist them in the best way we can. Partnerships/Relationships Productive relationships with industry, the State Government and other Local Governments to deliver Teamwork improved cost effective services. We believe teamwork is essential for improving our services and achieving our goals. Community Centred Meeting the needs of our communities through strong Creativity community consultation, engagement and collaboration. We can improve the way we do business by challenging the status. Sustainability Embracing the principles of sustainability in our decision Integrity making to balance the needs of both current and future We will act responsibly, place trust in each other and will generations through environmental protection, social be accountable for our actions. advancement and economic prosperity.

Enhanced Services Continued improvement to our services through planning, adaptability and careful management of risks.

Our Vision 1 Mayor’s Report

Major Projects This year saw the delivery of our four major projects. Bold Park Aquatic Centre has been completely rebuilt with a new semi- enclosed 4 lane leisure pool and the expansion of the existing outdoor pool which will now be heated in summer using KERI sustainable solar technology. In addition to swimming lessons SHANNON and swim squads, the centre now offers leisure activities including a playgroup, yoga and tai chi classes. This past year has been an exciting and busy time for the The City of Perth Surf Lifesaving Club Building and Commercial Town of Cambridge. We have significantly increased and Development at City Beach was opened in June 2016 by the improved the number of places within the Town to enjoy Premier Mr Colin Barnett. The Town funded around $15.5 leisure activities. We want to build a better Cambridge - one million of the cost which will be partially offset by commercial which encourages liveability, community involvement and rents over time. The precinct has recently been awarded a leisure activity. commendation in the 2016 Australian Urban Design Awards. Three restaurants have commenced operation and are proving very popular. We are currently adding to the carpark opposite Fred Burton Reserve to cater for additional visitors during the busy summer months. The additions are due for completion in early December 2016. The new restaurant and function centre at the Wembley Golf Course have commenced operation and have been well received by the community. The redevelopment cost $11 million, which was funded by a loan from the Endowment Lands Account. The completion of the $3.5 million Wembley Golf Course Miniature Golf and Playground, means the Wembley Golf Course is a place where people of all ages can play a round of mini golf or have a meal, while enjoying the magnificent natural surrounds of the Wembley Golf Course. The new Wembley Sport Park Pavilion was opened in time for the commencement of the 2016/2017 season. This state of the art building will provide multi-use clubrooms for a number of local sporting associations including the Wembley Football Club, the Wembley Baseball Club and the Wembley Cricket Club. We are refurbishing the old club rooms and this should be completed by early December 2016.

2 Town of Cambridge Annual Report 2015-2016 Scheme Amendment 31 had been worked on by the Town Planning Steering Review Committee since 2013. It relied upon an Additional Use mechanism to control the design of future development, and claimed to deliver smaller dwellings without the battle axing of blocks. The stated objective of Other Projects Scheme Amendment 31 was said to be the provision of We are undertaking stage 2 of the Perry Lakes skate park housing diversity. However, Scheme Amendment 31 had the in Floreat which will include the installation of a skate bowl practical effect of significantly increasing density, and would and lights. It’s great to see the skate park used by people not have delivered diverse or affordable housing. The Town of all ages. We are currently working on the Lake Monger was already well ahead of its density targets for Directions Activity Plan which will be progressed over the coming year in 2031 and Scheme Amendment 31 would have irreparably consultation with the community. changed the character of the garden suburbs of City Beach and Floreat. The community recognised that outcome and The issue of underground power has been a significant issue actively campaigned for and supported the refusal of Scheme for the community for many years. We have committed Amendment 31. significant reserves to this project to achieve consistency, improved reliability of supply and visual amenity in our We have given Minister Faragher an undertaking that we will residential streets. Our application for four State Underground undertake the preparation of a Local Planning Strategy. In Power Program projects at a projected cost of $36 million, 2010 the Town had initiated a draft Local Planning Strategy will (if successful) see all local power lines within the Town which failed to be progressed. We have now engaged external underground. We should know by the end of December or planning consultants to assist the Town with the LPS and early January 2017 if we have been successful. have already commenced our first round of community engagement. The LPS should be completed and ready for We recognise Perry Lakes is important both in terms of submission to the WAPC by mid 2018. biodiversity as well as being a barometer for groundwater levels. It is believed that replenishing Perry Lakes will have Importantly, we have adopted a new approach to strategic a positive effect of banking groundwater across the Town, planning within the Town, which is consistent with state thereby mitigating potential issues with the level of water in planning policy and will provide more certainty for future Lake Monger. With the drying climate, the pressure upon our development within the Town. The incorporation of the groundwater cannot be underestimated. I am pleased funds development controls into the Town Planning Scheme have been allocated in the 2016/2017 budget to update following the LPS will provide a higher degree of certainty on reports regarding the most cost-effective way to revive Perry planning outcomes for the benefit of all residents. Lakes, including the use of treated waste water to raise the We have introduced a new web portal for community groundwater levels in Perry Lakes. We will also consider ways engagement. We have also introduced a policy for Elected to recharge the aquifer using water from the Herdsman drain. Members to disclose contact with Developers and all of our statutory registers are now shown on the Town’s website for improved transparency. While we still have more work to Planning and Housing do improving governance and processes within the Town, I am confident that we will provide a better, more liveable This year the Town’s housing diversity proposal (Town Cambridge going forward. Planning Scheme Amendment 31) was rejected by Minister Faragher. This followed the Town’s request and the WAPC’s recommendation to the Minister to reject Scheme Keri Shannon Amendment 31 as it was inconsistent with state planning policy and not supported by a Local Planning Strategy (LPS). Mayor

Mayors Report 3 Elected Members

Mayor Keri Shannon 3 Warreen Place CITY BEACH 6015

Tel 9347 6014 Fax 9347 6066 Mob 0438 375 377 email [email protected] Term ends October 2019

Deputy Mayor Cr Pauline O’Connor JP 1 Talgarth Way CITY BEACH 6015

Tel 9285 1126 Mob 0412 085 850 email [email protected] Term ends October 2017

Cr Rod Bradley 12 Lowanna Way CITY BEACH 6015

Tel 9385 7000 Fax 9389 8326 Mob 0412 953 100 email [email protected] Term ends October 2019

4 Town of Cambridge Annual Report 2015-2016 Cr Sonia Grinceri Cr Louis Carr 493B Cambridge Street FLOREAT 6014 51B Simper Street WEMBLEY 6014

Tel 9387 6471 Tel/Fax 9387 8333 Mob 0423 306 000 Mob 0417 733 113 email [email protected] email [email protected] Term ends October 2017 Term ends October 2019

Cr Andres Timmermanis Cr Tracey King 109 Brookdale Street CITY BEACH 6015 12 Gregory Street WEMBLEY 6014

Tel 9287 1691 Mob 0406 603 942 Mob 0476 375 956 email [email protected] email [email protected] Term ends October 2017 Term ends October 2019

Cr Corinne MacRae 67 Blencowe Street WEST LEEDERVILLE 6007 Council and

Tel 9381 8327 Committee meetings email [email protected] Ordinary meetings of Council are held on the fourth Term ends October 2017 Tuesday of each month, starting at 6pm. All council and committee meetings (unless decided otherwise by the Council) are open to the public. Special meetings of Council are held as required. The Council was supported by three standing Cr Jane Powell committees – the Community and Resources 85 Blencowe Street WEST LEEDERVILLE 6007 Committee and the Development Committee which meet each month and make recommendations to Mob 0412 085 850 Council, and the Audit Committee, which meets as email [email protected] required, generally three to four times a year. Term ends October 2019 Council and committee minutes and agendas are available at www.cambridge.wa.gov.au

Elected Members 5 Ward Boundaries

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6 Town of Cambridge Annual Report 2015-2016 Committees and working groups

TOWN REPRESENTATIVES AND DELEGATES

Mindarie Regional Council Cr MacRae

Tamala Park Regional Council Cr Carr

Local Government Association Central Metropolitan Zone Crs O'Connor and Timmermanis

Cambridge Coastcare Inc. Cr O'Connor

Perry Lakes Reserve Working Group All Elected Members (on interest basis)

Lake Monger Working Group All Elected Members (on interest basis)

Public Art Committee Mayor Shannon, Crs Bradley, Grinceri, King and Powell

Mayor Shannon, Crs Bradley, MacRae, O'Connor, Powell Town Planning Scheme Review Steering Committee and Timmermanis

Western Suburbs Regional Organisation of Councils (WESROC) Observer status: Mayor and CEO

Mayor Shannon, Crs Bradley, Grinceri, O'Connor CEO Performance Review Committee and Powell

Mayor Shannon, Crs Bradley, Carr, Grinceri, Powell Major Projects and Underground Power Steering Committee and Timmermanis

RATEPAYER AND RESIDENT ASSOCIATION

West Leederville Residents Association Inc. Wembley West Leederville Residents Association Inc. Anne Lake (President) Mr Robert Dickinson PO Box 1439, West Leederville, WA 6901 102 Pangbourne Street, Wembley, WA 6014 Website: www.wlra.org.au Telephone: 9387 6750

Floreat Ratepayers/Residents Association Inc. Coast Ward Ratepayers Association Inc. This association is currently inactive. Mr Rob Walker (President) 14 Palani Rd, City Beach, WA 6015 Email: [email protected]

Cambridge Residents Association Inc. Mrs Elizabeth Eaton (President) 17 Lifford Road, Floreat WA 6014 Email: [email protected]

Ward Boundaries I Committees and Working Groups 7 Council Functional Structure

MAYOR AND COUNCILLORS (9) Committee Meetings held monthly

CHIEF EXECUTIVE OFFICER

DIRECTORS

Corporate Community Development and Strategic Development and Sustainability Finance Community Development Planning Services Contracts/Purchasing Disability Services Building Services Information Technology Senior Services Environmental Health Property Youth Services Sustainability (Land and Leasing) Community Safety Development Liaison Customer Service / Compliance Facilities Management Document Management Ranger Services Library Services Governance and Contracts Beach Inspections Bold Park Aquatic Corporate Communications Wembley Golf Course Human Resources

Infrastructure Projects Engineering and Design Wembley Sports Park Waste Management City Beach Surf Club Building and Commercial Development Building Management Wembley Golf Course Hospitality Works and Miniature Golf Parks Parkside Walk, Jolimont Development Depot Operations St John’s Wood Mt Claremont Fleet Management Development Asset Management Bold Park Aquatic Development State Underground Power Program Other Projects

8 Town of Cambridge Annual Report 2015-16 Executive Management and Operational Managers

CHIEF EXECUTIVE DIRECTOR COMMUNITY DIRECTOR OFFICER DEVELOPMENT INFRASTRUCTURE Jason Buckley Cam Robbins Chris Colyer

DIRECTOR CORPORATE Community Development, Engineering, Design, Waste AND STRATEGIC Disability Services, Senior Services, Management, Building Jason Lyon Youth Services, Community Safety, Management, Works, Parks, Depot Facilities Management, Library Operations, Fleet Management, Governance, Human Resources, Services, Bold Park Aquatic, Asset Management. Finance, Contracts / Purchasing, Wembley Golf Course. Information Technology, Manager Infrastructure Works Communications, Property (Land Manager Community Jon Bell and Leasing), Customer Services, Development Document Management, Strategic Carole Lambert Manager Infrastructure Assets and Corporate Business Planning. Peter Maloney Manager Library Services Manager Finance Nerida Clifford Manager Infrastructure Parks Roy Ruitenga Ross Farlekas (retired Feb 2016) General Manager Manager Information Technology Wembley Golf Course and Communications Matthew Day Steve Platts DIRECTOR PROJECTS Manager Governance and DIRECTOR DEVELOPMENT Brett Jackson Contracts AND SUSTAINABILITY Stuart Hobley Ian Bignell Major Projects

Manager Human Resources Planning Services, Building Ann Blakeney-Britter Services, Environmental Health Services, Sustainability Development, Compliance, Ranger Services, Parking Services, Beach Lifeguard services.

Manager Development Stev Rodic

Manager Compliance John Giorgi

Council Functional Structure I Executive Management and Operational Managers 9 Chief Executive Officer’s Report

JASON BUCKLEY CHIEF EXECUTIVE OFFICER

The Town of Cambridge has been extremely active over Significant progress was made on other major projects as the last year and we have seen the delivery of two major follows: projects and two other projects well under construction for • Wembley Golf Course Hospitality Development ($11 million completion before the end of 2016. These developments - under construction) represent a significant investment in new facilities for the community that have been many years in the planning. • Wembley Golf Course miniature golf and playground ($3.5 million - under construction) The new Bold Park Aquatic centre opened its doors to the public in November 2015. The new development cost $12.5 • Wembley Sports Park Pavilion ($3 million - under million and has received many positive comments from the construction) public. The building works for the City Beach development • Nursery site land development - Parkside Walk, Jolimont - was completed in January 2016 allowing tenants to undertake subdivision approved for up to 350 dwellings. their fit-outs. Odyssea commenced trading in late January 2016 with Rise Pizzeria and Hamptons commencing trade • Area G land development - St John’s Wood Mt Claremont shortly after the end of the financial year. The City of Perth - subdivision approved for 49 lots, construction works Surf Life Saving Club will have its first full season in the new completed and sales program commenced. premises for the summer of 2016/2017. The completion • Perry Lakes Stadium Redevelopment, Floreat - three large of the new facilities at City Beach was marked by an official apartment sites with up to 292 dwellings were transferred opening by Mayor Keri Shannon and Premier Colin Barnett on by the State Government to the Town in July 2015 valued 17 June 2016. at $27 million excluding GST;. It is expected the Town will Architectural design awards have been received for both receive the balance of funds owed by the State Government projects. of $23 million before the end of 2016 as provided in the Perry Lakes Redevelopment Act 2005. Two of the sites transferred to the Town have been sold for $19.5 million excluding GST with settlement due in January 2017

10 Town of Cambridge Annual Report 2015-2016 We have again been successful with our waste Elections were held in October 2015 which resulted in management efforts under the Maximum Recovery the election of three new elected members being Mayor program with 48% of kerbside waste diverted from landfill. Keri Shannon, Cr Jane Powell and Cr Andres Timmermanis. Waste in the recycling bin accounted for 30% and the Cr Rod Bradley and Cr Louis Carr were re-elected to their green bin 18%. Of the waste sent to Mindarie Regional positions on Council. I acknowledge the contributions Council a proportion of all members waste is processed and made by former elected members Mayor Simon Withers composted that increases the Town’s diversion efforts. (8 years), Deputy Mayor, Cr Alan Langer (16 years) and Cr Colin Walker (4 years). The Town has continued to deliver outstanding services to the community in accordance with the Community I would like to thank the staff for their positive and Strategic Plan details of which are outlined in this report. enthusiastic approach over the last twelve months. I also express my appreciation for their continued commitment The Town is performing strongly from an operating and focus in delivering services to the community. I also perspective and with the materialisation of wealth assets, in wish to thank elected members in providing direction the short to medium term, the Town will be in an excellent and their guidance and support of the administration in financial position in the future. The following charts achieving the council’s objectives over the last twelve demonstrate the financial trend over the last few years. It months. is noted that the operating result was slightly negative at $600,000 and this was due to unbudgeted expenditure of $600,000 for the design of underground power funded Jason Buckley from reserves and an extra $800,000 in depreciation expense. The Town currently has $340 million in net assets Chief Executive Officer and this will increase soon as the proceeds from major land developments are received over the next few years.

2010/2011 2011/2012 2012/2013 2013/2014 2014/2015 2015/2016 $M $M $M $M $M $M

Profit/Loss Revenue $33.6 $35.9 $37.2 $39.9 $41.8 $43.5 Expenses -$33.6 -$35.2 -$37.2 -$39.4 -$41.1 -$44.1 Operating Result $0.0 $0.7 $0.0 $0.5 $0.7 -$0.6 Capital Grants & Contributions $1.3 $7.0 $11.2 $2.3 $3.4 $30.5 Asset Disposals & Adjustments -$0.4 $1.0 $8.4 $18.0 $8.0 $4.7 Revaluation of Assets $71.0 $22.7 -$3.8 Net Result $0.9 $8.7 $19.6 $91.8 $34.8 $30.8

Balance Sheet Assets $174.2 $182.1 $203.0 $294.9 $330.3 $361.8 Liabilities -$21.4 -$20.6 -$21.9 -$22.0 -$22.6 -$23.3 Net Assets $152.8 $161.5 $181.1 $272.9 $307.7 $338.5 % Increase 0.6% 5.7% 12.1% 50.7% 12.8% 10.0%

$45

$40

$35

$ Millions $30

$25

$20 2010/2011 2011/2012 2012/2013 2013/2014 2014/2015 2015/2016

Revenue Expenses

Chief Executive Officer’s Report 11 Projects

Bold Park Aquatic The redeveloped Bold Park Aquatic was officially opened to the public in November 2015. BRETT This $12.5 million facility provides a 10-lane 50 metre JACKSON outdoor heated pool, an enclosed heated leisure pool/learn DIRECTOR to swim pool, as well as new change rooms, car parking, PROJECTS playground, café and swim shop. The project received a Commendation at the 2016 WA Public Architecture Awards in recognition of the design of the buildings.

The Projects Directorate was established to provide the Underground Power Town with capability to efficiently and effectively plan and deliver strategic initiatives beyond the Town's day to day The Town has submitted proposals under Round 6 of the operational programs. State Underground Power Program to have about 3,300 properties within the Town converted from overhead supply to underground power. Wembley Sports Park The proposals have passed the first stage of assessment and the State is currently surveying property owners to gauge their The Town is well into construction of the new Wembley Sports willingness to support these proposals. If successful with its Park Pavilion which will be the home of Wembley Athletic proposals, the Town will be able to set in place a project plan Club. This project entails construction of a new hall, home that sees all remaining properties in the Town of Cambridge change rooms and toilets, fitness room and kitchen, which finally converted to underground power, bringing to a close will join to the existing away change rooms, toilets and kiosk. many years of progressive works and failed applications to This will effectively triple the size of the building for Wembley have the project finished. Athletic Club as well as significantly improve spectator seating facilities. The first stage has reached completion Proposals under Round 6 of the State Underground Power and it is anticipated that the works will be completed by late Program are ranked higher if (increasing the chances of being December. This $3 million project is predominantly funded by successful) the proposed contribution from local governments the Town of Cambridge with support from Wembley Athletic and/or property owners is greater than the 50% threshold set Club and the Department of Sport and Recreation. by the government. The Town has submitted four proposals each proposing that properly owners contribute 50% of the project cost; the Town contributes 40% of the project cost. If all four proposals are successful, the total Town funding for underground power is in the order of $17 million.

12 Town of Cambridge Annual Report 2015-2016 Wembley Golf Course Hospitality Project The much anticipated construction of the new hospitality facilities at Wembley Golf Course is nearing completion. The Town has developed a new bistro/bar area, function rooms, kiosk, change rooms and toilet facilities as well as improved car parking and landscaping within the $11 million development. By the end of August 2016, the facilities will be open to the public. Works are also underway to develop new short game practice facilities, a miniature golf course and children's playground on the northern side of the main buildings. The extended cost of these facilities is $3.5 million. It is anticipated that these facilities will be open to the public by the end of December 2016.

Parkside Walk Jolimont Subdivision works are now underway with a view to complete the works within a 12 to 18 month timeframe. Apartment sites and house lots will progressively come to the market for purchase from late 2016 onwards.

St John's Wood, Mount Claremont The subdivision works are complete, and at the time of this report, 75% of the housing lots have been purchased with new residents planning the construction of their new homes.

Projects 13 Surf Club Building and Commercial Development at City Beach The Surf Club Building and Commercial Development at City Beach was officially opened by the Mayor Keri Shannon and the Hon Colin Barnett MLA Premier of Western Australia, on 17 June 2016. Odyssea, the first of the restaurants in the precinct, was opened early in 2016 and has enjoyed significant patronage and positive feedback. The second restaurant, Rise Pizzeria, has just opened, with the final restaurant, Hamptons, to open very soon. The surf club has taken occupancy of its new $18 million facilities and by all reports, is enjoying the benefits of this new, bespoke building. The Town will be embarking on car parking expansion during the coming months to assist in peak periods of parking demand. It was noted that the project received an award for Public Architecture at the 2016 WA Architecture Awards which was in recognition of the intent of the Town to develop attractive and functional facilities and our design team who took this vision into reality.

14 Town of Cambridge Annual Report 2015-2016 Corporate and Strategic

The directorate continues to support the Town's program of Major Projects. This is an exciting time for the organisation JASON given the magnitude of the projects, and the significance of LYON the project deliverables, from both a community and from a DIRECTOR commercial perspective. CORPORATE AND STRATEGIC These projects have required all facets of corporate services to increase its service support, from tender and contract management to commercial negotiations, business case Greater emphasis has been placed on forward planning and development and financial control. Four commercial dialogue with the community, in response to a range of properties came on line during the year, including three café/ opportunities to improve local neighbourhoods. restaurants at City Beach and a new hospitality venue at the Wembley Golf Course. With an increase in the commercial In this context, the Town undertook a desktop review of its properties the Town now manages, improvements were made Strategic Community Plan and Corporate Business Plan, ahead to the property management system to ensure its leased of a comprehensive review which will be undertaken during properties are managed effectively. 2016/2017, this will involve a range of conversations with our community on important matters. To form the basis for those The Community Facilities Leasing Policy continues to be a conversations, the Town developed a community engagement firm foundation to maintain our community buildings in a framework to guide its engagement activities. Work has satisfactory condition. During the year, $450,000 was spent also commenced on the review of the Financial Plan, Asset on replacing the roof at the Floreat Surf Club, in addition to Management Plan, Workforce Plan and ICT Strategy, and will a number of other community building maintenance and conclude during 2016/2017. upgrade outlays. The Town received confirmation from the State Government As part of a continual improvement program, the Town that it would finalise the settlement of the Perry Lakes Estate embarked on a number of risk management initiatives, development through a transfer of land and payment of cash. including a review of its risk management framework, In July 2015 three group dwelling sites were transferred to development of business continuity plans and progression the Town valued at $27.4 million. The balance of the $50 of a number of infrastructure risk management programs, million due to the Town, i.e. 22.6 million will be paid in cash in including the asbestos removal program (removing latent 2016/2017. This brings more certainty to the Town's Financial asbestos materials from older buildings). Plan, which has modelled the payment from the State and the Governance is an important facet of any organisation and application (in part) to Underground Power and other strategic the Town’s governance function is supported by the internal projects. audit program. A number of system and process reviews Two of the three Perry Lakes group dwelling sites were put to were undertaken during the year and improvements made the market during the year and a contract was entered into for to manage systems and process risks and improve business the sale of the two sites at $21.56 million. efficiencies.

Corporate and Strategic 15 Finance Expenditure In July 2015, the council adopted an operating budget of • The expensing of Underground Power design costs of $43 million and a capital program of $39 million. At year $593,000, approved by Council after the budget adoption. end, the overall surplus, after allowing for works in progress This was funded by land sale proceeds. was $533,000, which was transferred to the Town's Asset • An increase in depreciation expense of $802,000 due to a Management reserve. revaluation of infrastructure assets on 30 June 2015. Capital works of $31 million were undertaken, including $5.6 million on the Bold Park Aquatic Centre upgrade, $5.9 million on the City Beach Surf Clubrooms and Commercial project, Revenue $9.9 million on the Wembley Golf Course Hospitality and • A non-refundable deposit $1 million received during the miniature golf project and $1.6 million on the Wembley Sports year with respect to the sale of lot 232, 1 Meagher Drive Park Pavilion plus ongoing renewal of the road, drainage and and lot 233, 29 Stadium Drive, Perry Lakes Estate with the footpath infrastructure networks. balance settlement due in January 2017. During the year, a number of major projects were progressed. Over the past few years, the Town has invested $60 million on its major projects and has provisioned a further $6 million in Net Result the 2016/2017 financial year to complete the projects. The Statement of Comprehensive Income shows an Major Projects within the City Beach area are funded in part overall net operating result of $34.4 million compared to by the Endowment Lands Account, (the "ELA"). Opening with an expected result of $7.1 million. The variance of $27.3 a balance of $17 million, a further $3.1 million was deposited million, mainly attributable to the Town receiving three into the ELA from the proceeds of land sales. Funds were then apartment sites, valued at $27.4 million within the Perry transferred for the major projects and for other smaller capital Lakes Estate from the State Government as part payment projects capital projects, totalling $20.1 million. At year end, of the $50 million it's owed with the completion of the the ELA had a balance of $0.8 million, however at least $10.5 Perry Lakes Redevelopment project. The remaining balance million in land proceeds are expected to be transferred to the of $22.6 million will be paid in cash during the current ELA from the sale of lots within the St Johns Wood Estate financial year. towards the end of the 2016/2017 financial year. Internal loans will also replenish the ELA over time. Total Comprehensive Income During the year the Town revalued its plant and equipment assets in accordance with the revaluation timetable as The Statement of Comprehensive Income shows a stipulated in the local government accounting regulations. total comprehensive income of $30.7 million after a This had a minimal impact on the net position. change in the revaluation surplus of $3.6 million relating predominantly to the disposal of Dampier Avenue lots Overall, the Town's property and infrastructure assets ($2.4 million), previously revalued in January 2014 and a increased during the year by $19 million. The Town expended change of $1 million in the valuation of the Tamala Park $31 million on assets and booked depreciation, write-offs land developed during the year and reclassified as land held and revaluation decrements of $12 million. The Town's equity for resale. position increased by $31 million through a combination of an increase in the retained surplus and a $27.4 million contribution from State Government. Rate Setting Statement The overall rate-setting surplus, which takes into account Finance Year in Detail operating, capital and financing transactions, after allowing for carry forwards, was $533,000 compared to an adopted Statement of Comprehensive balanced budget (i.e. zero) position. The surplus resulted from considerable cost savings within the road surfacing Income capital works programme, with lower asphalt prices charged by contractors as oil prices fell during the year. The surplus has been transferred to the asset management Operating Result reserve at year end. The Statement of Comprehensive Income shows the The rate setting statement closing balance of $3.43 operating result before non-operating grants, subsidies million represents carried forward operating and capital and contributions and disposal of assets. It indicates programmes either in progress or yet to commence at the an operating deficit of $620,000 against the original end of the financial year. operating budget deficit of $185,000, a $435,000 difference. This is largely due to the following factors:

16 Town of Cambridge Annual Report 2015-2016 Trend of Asset Economic Life

0.9 0.8 0.7 0.6 0.5 0.4 0.3 0.2 0.1

% of Economic Life Remaining 0 1996 - 1997 1997 - 1998 1998 - 1999 1999 - 2000 2000 - 2001 2001 - 2002 2002 - 2003 2003 - 2004 2004 - 2005 2005 - 2006 2006 - 2007 2007 - 2008 2008 - 2009 2009 - 2010 2010 - 2011 2011 - 2012 2012 - 2013 2013 - 2014 2014 - 2015 2015 - 2016

Buildings Office Furniture & Equipment External Plant & Equipment Infrastructure

Golf Course Miniature Golf construction project. The loan is Statement of Financial Position for one year and will be repaid in June 2017. The first draw Overall, net assets increased by $31 million as a result of down of $1.125 million was made at the end of June. the following movements. Non-Current Liabilities Current Assets The Town’s non-current liabilities decreased by $644,000 Current assets increased from $35 million to $47.3 million which was mainly due to loan principal repayments. during the year. The major movements being: • an increase in inventories of $27.6 million predominantly Equity due to the classification of three apartment sites in the Perry Lakes Estate (Lots 231, 232, and 233) valued at $27.3 Total equity increased by $31 million as a result of an million, received from State Government, as land held for decrement of $3.7 million to the asset revaluation reserve resale. Two lots are due to settle in January 2017. for assets, an accumulated surplus of $50 million and a corresponding decrease in cash reserves of $15.3 million • a decrease in cash and investments of $15 million reflecting applied to the Town's major projects. drawdowns for major projects Bold Park Aquatic Centre Upgrade, City of Perth Surf Clubrooms and Commercial design project and the Wembley Golf Course Hospitality project. Customer Services The Town's Customer Service team continues to provide the community with quality personal service focusing on friendly Non-Current Assets and timely delivery standards. Property, Plant and Equipment and Infrastructure increased A new phone system was installed in July 2015 assisting during the year by $19 million, reflecting the Town's Customer Services direct call management to exceed their continued commitment to maintaining and enhancing its targets for first contact resolution of calls. infrastructure. The Town expended $31 million on assets against depreciation, write-offs and revaluation changes of The Customer Services team at the Administration Centre $12 million. dealt with 42,160 calls during the first 11 months of the new phone system with over 92% answered at the first point of Investments in Mindarie Regional Council and Tamala Park service. Regional Council increased nominally by $357,000, this is after the Tamala Park Regional Council paid the Town a During the peak months October and November (due to dog return in equity of $1.25 million. and cat registrations, planning/building enquiries and council elections) service levels were still met despite a 25% increase in average monthly calls. Current Liabilities The new phone system will gradually be installed across other Current liabilities increased by $1.4 million. This was key centres at the Town with the Library/Boulevard Centre and predominantly due to current borrowings increasing by Bold Park Aquatic already utilising the new system. $1.2 million. A new short term loan facility of $3.5 million was established in late June 2016 to fund the Wembley

Corporate and Strategic 17 340 Jun 16 320 300 280 260 Apr 16 240 220 200 Feb 16 180 160 140 120 Dec 15 100 80 60 40 Oct 15 20

$ Millions 00 Aug 15

0 1000 2000 3000 4000 5000 1997-19981998-19991999-20002000-20012001-20022002-20032003-20042004-20052005-20062006-20072007-20082008-20092009-20102010-20112011-20122012-20132013-20142014-20152015-2016 Changes in Equity Customer Service Phone Contacts 2015-2016

Accumulated Surplus Cash Reserves & Endowment Lands Account Month Total Answered by Customer Service

In 2015/2016 social media platform "Twitter" was used Information Technology and almost daily to relay current news and events. Tweets Business Systems were sent relaying information such as upcoming events, employment opportunities, major project updates and council The Information Technology Help Desk continues to provide meeting dates. The Town's Twitter following grew steadily guidance and support to users of the Town's hardware, over the reporting period. The number of followers at the end software, communications and business systems. Requests of June 2016 was 1,676, an increase of 379 from the previous totalling 2,238 were received with 2,233 completed during 12 month reporting period. the financial year. The Town's website (cambridge.wa.gov.au) continued to Key improvements to the Town's technical environment play an important role in providing accurate and up-to-date included replacement of the main server and storage information to the Cambridge community on the Town's many hardware infrastructure and replacement of the phone system services. at the Library/Boulevard Centre and Bold Park Aquatic. New hardware, point of sale and venue management software was implemented as part of the redevelopment of Bold Park Human Resources Aquatic allowing greater flexibility and control of customer access and management. Human Resources are responsible for the development and support of the human resources function within the Town, which includes providing advice and assistance relating to the management of employee relations, recruitment, induction, Corporate Communications organisational and professional development, salary and During 2015/2016 Corporate Communications, via a mix of wages, workforce planning, collective bargaining negotiations, channels, kept the Cambridge community informed about the occupational health and safety, staff welfare, performance many projects and activities happening across the Town. management, organisation development, safety, wellness, employee motivation and training. The main platform used to share information continued to be the full page advertorial, Cambridge News, published The Town's Human Resources policies and practices are fortnightly in the local Cambridge Post newspaper. Including continually reviewed and updated to reflect changes in 'special editions' there were 27 Cambridge News bulletins industrial agreements, Council policies, award requirements published in 2015/2016. and entitlements are facilitated and implemented in a timely and professional manner with a continuous understanding of To coincide with the printed publication, an e-Newsletter relevant industrial relations practices. edition of Cambridge News was sent to 1,776 subscribers, an increase of 161 subscribers from the previous reporting As at 30 June 2016, the Town employed 197 permanent period. full-time equivalent employees comprising 151 full-time and 75 permanent part-time employees. The Town retained the Project and interest specific eNewsletters were also used minimum workers compensation insurance contribution of throughout the year to keep subscribers informed about 2.2% based on a strong health and safety culture. the Bold Park Aquatic Redevelopment, performances at The Quarry Amphitheatre and Sporting Club news.

18 Town of Cambridge Annual Report 2015-2016 Governance Council meeting attendance

Meetings attended Council Apologies Leave of absence July 2015 to June 2016

Mayor K Shannon 7 (sitting member as of Oct 2015)

Mayor S Withers (retired Oct 2015) 4

Deputy Mayor Cr P O'Connor JP 10 1

Deputy Mayor Cr A Langer (retired Oct 2015) 4

Cr R Bradley 11

Cr S Grinceri 11

Cr T King 10 1

Cr C MacRae 11

Cr L Carr 10 1

Cr J Powell (sitting member as of Oct 2015) 7

Cr A Timmermanis (sitting member as of Oct 7 2015)

Cr C Walker (retired Oct 2015) 4

Decisions of Council

2010/2011 2012/2013 2013/2014 2014/2015 2015/2016 Items considered 359 379 382 392 479 Average meeting duration 91 minutes 124 minutes 138 minutes 129 Minutes 210 Minutes

Welcoming new citizens Four public citizenship ceremonies for Town of Cambridge residents were held in 2015/2016 in July and October 2015, on Australia Day 2016 and in April 2016. A total of 201 applicants received citizenships during the reporting period.

Number of Date conferees

8 July 2015 45

7 October 2015 44

26 January 2016 62

13 April 2016 50

Corporate and Strategic 19 Community Development

CAM In April 2016, the Town partnered with Sunset Events to trial TruckStop at Perry Lakes Reserve. The roving cultural ROBBINS street food eatery concept was the first event of its kind to DIRECTOR be held within the Town. COMMUNITY DEVELOPMENT The month trial held over four Sundays transformed Perry Lakes Reserve into a pop-up retro night market where people could enjoy a variety of food, craft beer and cider, locally produced wine, live acoustic music, visual arts and FESTIVALS AND MAJOR EVENTS children’s activities. During 2015/16, the Town provided a variety of community TruckStop attracted over 2,500 attendees on the opening events and festivals to enable the local Cambridge weekend and an average attendance of 2000 people per community to come together to celebrate and enjoy family event for the remaining weekends. The trial was highly activities and entertainment. successful and the event is now set to be included in the Part funded by Lotterywest, the Cambridge 'Summer of Town's 2016/2017 events calendar. Fun' events program consisted of eight community events from December 2015 to April 2016: • Christmas at Lake Monger; • Australia Day Celebrations at Perry Lakes Reserve; • Sunset Music in the Park at Rutter Park Wembley; • Celebrate City Beach; • Cambridge Street Festival; • Exposure Youth Festival at Perry Lakes; • ANZAC Day Parade and Remembrance Ceremony; and • TruckStop.

20 Town of Cambridge Annual Report 2015-2016 Other major events held in the Town throughout the year included: • Rose Pruning Demonstration (July 2015); • $2,000 to Wembley Lacrosse Club for the purchase of safety nets; • City to Surf Fun Run (August 2015); • $1,452 to Floreat Park Tennis Club for the purchase of bar • Parkinson's Walk in the Park (September 2015); tables and stools; • Volunteers Function (October 2015); • $1,813 to Subiaco Floreat Cricket Club for the purchase of a • Cystic Fibrosis Great Stride (October 2015); new fridge; • Alzheimer's Memory Walk and Jog (November 2015); • $990 to Wembley Playgroup for the purchase of new toys/craft supplies and maintenance of outdoor play • Local Primary Schools Education Week Debate (November environment; 2015); • $1,605 to City Beach Netball Club for the purchase of • Sids 'n' Kids Sunshine Beach Event (February 2016); training equipment; • Big Al's Poker Run (February 2016); • $1,657 to Wembley Netball Club for the purchase of fitness • Organ Donors Donate Life Ceremony (March 2016); and equipment; • Motor Neurone Walk to d'Feet MND (April 2016). • $1,000 to City Beach Tee Ball Club for training equipment; • $1,672 to Bold Park Masters Swimming Club for the purchase of a Go-Pro camera and notebook computer; and FINANCIAL ASSISTANCE • $2,000 to Cambridge Croquet Club for the purchase of Through its Community Grants program, the Town provided lifesaving equipment. a total of $45,670 in the form of grants and donations to The Community Events Grant program funded three local local community organisations, service groups, schools community organisations to assist in running events open and sporting clubs. The Community Organisations Grants to residents of the Town totalling $3,818. These included: program provided a total of $20,007 to local community clubs and groups to purchase new equipment. These • $1,000 to Cambridge Bowling Club to host an Open Day included: event; • $1,818 to Reabold Tennis Club for the purchase of new • $818 to Friends of Bold Park Bushland to host an Open Day equipment; event; • $2,000 to West Coast Amateur Football Club for the • $1,000 to All Saints Floreat Uniting Church to host the purchase of sporting club memorabilia and equipment; Floreat Fair event; and • $2,000 to City of Perth Surf Life Saving Club for the • $1,000 to St Vincent De Paul Society (WA) Inc. to host the purchase of audio visual equipment; 2015 Christmas function.

Community Development 21 ART AND CULTURE Art and cultural activities funded during the year included: • $2,000 granted to the Wembley Theatre Company for their annual pantomime at the Wembley Community Centre; • The annual Local Primary Schools Art Exhibition. The winning art acquisition piece 'The Curious Giants' was entered by Ben De Lestang from Year 6 at Holy Spirit Primary School; • The Public Artwork Display at The Boulevard Centre. Various local artists display their artwork in The Boulevard Centre foyer for two months. Works are selected to represent a wide variety of styles and media and are available for viewing and/or purchase; and • $11,000 for the Artist in Residence Program which was provided to two local schools. West Leederville Primary School participated in "Make-up SFX and Screen Acting Fundamentals Workshops" and Bold Park Community School participated in "Acting, Presenting and Filmmaking Skills and Screen Acting Fundamentals workshops". The program was facilitated by Filmbites Youth Film School.

SPORT AND RECREATION Financial Assistance for Facilities The Town's Financial Assistance for Facilities program assists with the provision or replacement of sporting and community facilities within the Town. In 2015/2016 this program provided $84,000 to the Cambridge Bowling A further $8,724 was approved for programs and initiatives Club to assist with the replacement of a bowling green. at schools either located within the Town or servicing City Beach Tennis Club also received $23,000 to assist children who live in the Town. These included: with funding the replacement of perimeter fencing. These • $1,000 to Bold Park Community School for a large scale projects were funded in conjunction with the Department mural; of Sport and Recreation's Community Sporting and Recreation Facilities Fund. • $3,760 to City Beach Primary School for a 60th anniversary celebration; In addition, the Cambridge Scouts and Girl Guides were provided with $50,000 to upgrade the Scouts/Guides hall • $1,680 to Kapinara Primary School for a 50th anniversary located at Perry Lakes Reserve. celebration; • $1,054 to Newman College for a nature play garden; and • $1,229 to Lake Monger Primary School for a bush tucker Kid Sport and nature garden. In 2015/2016, the Town partnered with the Department of Sport and Recreation (DSR) to promote and administer the KidSport program. The State Government, through DSR, The Financial Assistance for Individual Achievement provided funds to the Town to enable Cambridge children program contributed a total of $11,400 to local individuals affected by financial hardship to participate in club sport. A who were selected to represent the state or nation for total of $14,800 was provided to 74 eligible children aged excellence in sport, leisure, cultural or educational activities. 5 to 18 years to offset club membership fees. The Town These funds are provided to offset travel expenses. actively supports participation in junior sport and recreation and the KidSport program ensures all children within the The Town also funded $1,720 under the Donations to Town can be involved. Community Groups funding program, which assists with the purchase of trophies and catering. These included: • $500 to Reabold Tennis Club to host the Reabold Junior Club Development Hardcourt Tournament; The Town continued its partnership with the Department • $500 to Reabold Tennis Club to host the Cambridge Cup; of Sport and Recreation (DSR) to deliver club development • $220 to Cambridge Bowling and Recreation Club to host a services to local sport and recreation clubs. 2015/2016 was Gala Day; and the second year of the Town's Club Development program which focuses on assisting and supporting sport and • $500 to Cambridge Croquet Club to host the 2016 recreation clubs and club volunteers so they can continue Australian Croquet Association National Championships.

22 Town of Cambridge Annual Report 2015-2016 to play an important role in building healthier, happier and to ensure that people with disability are provided with the safer communities. Clubs were offered opportunities to same opportunities as other community members to access attend training workshops, and were provided information and participate in public meetings, consultations, functions and advice about sport and recreation trends, club and events. governance, strategic planning, attracting and retaining volunteers and funding opportunities. COMMUNITY SAFETY In June 2014 Council endorsed the Community Safety and Crime Prevention Plan 2014-2016. Six priority areas are VOLUNTEER RECOGNITION identified as key goals in the plan: The Town hosted its annual Volunteers Function in GOAL 1 Reduce Residential Burglary September 2015 to recognise and give thanks for the GOAL 2 Decrease levels of graffiti and vandalism dedication and commitment of volunteers in Cambridge. As in previous years, the function was held at The Boulevard GOAL 3 Reduce antisocial behaviour Centre and included a full sit down breakfast and a number GOAL 4 Increase education and awareness of of formal presentations which profiled the work of some of community safety and crime prevention our most outstanding local volunteers. GOAL 5 Decrease levels of theft from motor vehicles Mr Albert Iten, Mr Brett Chivers and Mrs Felicity Chivers were joint winners of the 2015 Club Volunteer Award. GOAL 6 Increase road safety Mr Iten has been a member and volunteer of the Floreat Surf Life Saving Club for 18 years and President for the past five years. During this time, he gave countless hours Specific Community Safety volunteering towards the smooth running of the club, successfully implemented the club's strategic plan and Initiatives Implemented in led various building improvements. He was also involved 2015/2016 in the coaching and training of nippers, cadets and senior Free Child Restraint Fitting Service members in surf lifesaving skills. The Town provides a free child car restraint fitting service Brett and Felicity Chivers were also jointly awarded the for local residents on the first and third Tuesday of each Club Volunteer Award for their tireless volunteering efforts month. This service continues to be very popular. As part with the Cambridge Scout Group over the last 13 years of Road Safety Week in May 2016, the Town partnered (combined total of 26 years). with Roadwise to set up a display at Cambridge Library to They display enthusiasm in all their roles, having devoted promote the service. countless hours to running scout groups and weekend camps. In 2011, Felicity and Brett received a national Scouts Australia "Silver Arrow Head Award" for excellent Neighbourhood Watch - Halloween Hotspot service to the Scout Association. In October 2015 the Town joined with other western suburb local governments to participate in the Halloween Hotspot program. Supported by Neighbourhood Watch, this DISABILITY SERVICES initiative provides a safe and positive Halloween experience for children. The Town of Cambridge aims to improve accessibility and inclusiveness for people with disability and their carers/ families through the strategies outlined in the Disability Get to Know Your Neighbour project Access and Inclusion Plan (DAIP) 2015-2018. The Get to Know Your Neighbour project was launched The Town’s DAIP is a statutory requirement of the state in December 2015. The aim of this initiative is to create government under the Disability Services Act 1993 safer neighbourhoods through facilitating positive (amended 2004). communication and relationships between neighbours. Some of the initiatives undertaken in 2015/2016 were: Residents were invited to host a 'Get to Know Your Neighbour' event with the Town supporting the host by • Upgrade of the Universally Accessible Toilet at the supplying promotional material and a $100 Coles voucher Wembley Community Centre: The upgrade provided to assist with catering. Five events were held in the additional space for client access and emergency assistance Town which were successful in building neighbourhood lights were installed to improve client safety; relationships. • Ramp access installed - Floreat Beach boardwalk: Three ramps were installed to improve access to the boardwalk between Floreat and City Beach. The ramps were State Graffiti Funding installed in the section of the boardwalk at Floreat Beach In 2016, the Town was successful in securing $5,500 carpark which now provides a continual accessible path of from the WA Police State Graffiti Fund to implement the travel; and Anti-Graffiti Solar Lighting Project, which provided the • Accessible Event Checklist completed: opportunity for residents to receive a free solar light to A checklist was developed to assist the Town's event install in their Right of Way. organisers when planning and implementing events. This is

Community Development 23 Other Community Safety Programs • Numerous outings for seniors throughout the year to promote wellness and a positive connection to the • Further development of graffiti reporting and removal community. Destinations included Araluen to see the program- 450 incidents of graffiti were dealt with at a cost tulips and gardens, live theatre experiences at WAAPA and of $73,000; Penrhos College, and lunches at Hillarys Boat Harbour. • Participation in the Juvenile Graffiti Clean-up Referral program; 'Have a Chat' Program • Continued support for the local Safety House program at Floreat Park and Lake Monger Primary schools; The 'Have-a Chat' program provides social activities and outings for young people with disability aged 18+. • Ongoing funding for the Constable Care program, providing Throughout 2015/2016 the program was held fortnightly safety education within local primary schools; on Tuesday evenings at the Wembley Community Centre. • Support and promotion of Wembley Bright Blue Discos for local young people; • Continuation of the Eyes on the Street program and training CAMBRIDGE YOUTH SERVICE of new staff; and The Cambridge Youth Service (CYS) provides programs • Continued provision of Community Safety and Crime and support to young people aged 12 - 25 years, who Prevention packs to local residents. are part of the Cambridge community. CYS is the only neighbourhood youth service of its kind between Fremantle and Wanneroo. Services offered include: CAMBRIDGE SENIOR SERVICES Number 86 Youth Centre, situated at 86 Cambridge Street in West Leederville Cambridge Senior Services provides Home and Community Care for eligible seniors, people with disability and/or their Provides a place where young people can drop-in for social carers within the Town of Cambridge. Based at Wembley recreation or to access Youth Worker support. Attendance Community Centre, this service is funded by the State and at No. 86 continued to increase throughout 2015/2016 Federal governments and delivered under the guidelines with 2,915 recorded attendees, compared to 2,420 in determined by the funding authority, the Department of 2014/2015, and 1,792 in 2013/2014; Health, Aged Care Directorate, WA. • Professional Youth Worker Support Cambridge Senior Services maximises independence and Qualified and trained Youth Workers provide support to promotes wellness while enabling a 'can do' approach to young people with complex needs, providing assistance maintain and rebuild skills for essential daily activities. with crisis management, information and referral, Seniors are encouraged to stay connected with their advocacy, psycho-social support and suicide and self- community in a caring, inclusive and professional harm prevention; environment while using a person-centred approach. • School holiday events and activities In 2015/2016 Cambridge Senior Services provided 24,298 Targets high school-aged young people seeking safe, hours for 307 clients in the following service areas: affordable school holiday activities. Across the four holiday periods from October 2015 to July 2016, 263 • Centre based day care and meals/refreshments; young people attended a holiday activity, compared with • Domestic assistance; 140 in the same period the previous year. • Personal care; Ongoing term-time activities • Social support; Includes Open Mic Nights, arts groups, cooking and outings; • Respite care; • In-school activities Such as RUOK Day activities, information sessions and • Transport (to attend Cambridge Club, shopping and medical special events like suicide prevention workshops; appointments); and • Offsite events • Podiatry. Exposure Youth Music Festival youth stalls and busker's Key achievements for the year include: stage at Cambridge Street Festival; • Successfully completed a Quality Review by the WA • Cambridge Youth Network Department of Health on 8 December 2015. All home care A youth-led network of young people who have a standards and outcomes were met; pivotal role in developing and delivering youth activities including Exposure Youth Music Festival, Halloween Quiz • Big Quiz Day held on 28 October 2015 and on the 22 June Night and the Young Writers Competition. In 2015/2016 2016; the CYN also collaborated with other local Youth Advisory • Carers nutrition and cooking demonstration held on 11 Councils, assisting to promote and run Ampfest and November 2015; attending the Youth Advisory Council Conference. • Seniors Christmas Lunch held at The Boulevard Centre on the 3 December 2015 for 150 guests; • Initiated the Seniors Concert Series with concerts held in March and May 2016; and

24 Town of Cambridge Annual Report 2015-2016 The mean age of Youth Service users remains around 18 years. Young people aged 16 form the largest user group, BOLD PARK AQUATIC followed by those aged 19 and 15. There are two distinct On Saturday 28 November 2015, the new Bold Park Aquatic clusters of young people who use the service: opened for business following a year-long $12.5 million • Those 12 to 17 years of age - interested in events and redevelopment. The new centre designed by Donovan Payne school holiday activities, and Architects and built by Doric Group, features: • A more independent group in their late teens and early • A 10 lane 50 metre lap pool with access ramp and shaded 20's - high-risk young people with complex needs that grandstand; require more intensive support. • A semi-enclosed leisure pool with beach entry, teaching The ways in which the Youth Service is being accessed and pod and 4 x 20 metre lanes; used by young people is changing. Although face-to-face is still very much the major form of contact, there has been • A multi-purpose room for crèche, group fitness and a large increase in on-line contact, from just 4% two years birthday parties; ago to 18% in the last year. • Accessible and family change rooms; During 2015/2016, there was an increased emphasis • An adventure playground; and on partnership and collaboration with schools and local youth advisory groups in other local government areas. • A café and barbeque facilities. In addition to regular holiday activities, Open Mic Nights Bold Park Aquatic was officially opened on Saturday, 12 and other annual events, all of which experienced a rise in December 2015 where invited guests witnessed Mayor Keri participation, there were a number of new initiatives and Shannon and Save Bold Park Action Group member Faye Boyd special projects: unveil a plaque commemorating the occasion. • The Suicide Prevention Project Funded with a grant from the Ministerial Council for The Centre caters for lap swimmers and families looking to Suicide Prevention, delivered SafeTALK and ASIST Suicide enjoy a leisurely swim, and also provides a wide range of learn- Prevention workshops to young people, professionals to-swim programs, squad training and group fitness classes. and semi-professionals working with young people and Bold Park Swim Academy commenced operating on 1 community members; February 2016 and over the next five months took 1,803 • Youth Art Workshops and Exhibition attendances in infant classes, 9,346 attendances in the 'Swim Participants were offered the chance to work with a and Survive' program and 380 attendances in squad training. well-known urban artist to create a piece for exhibition at The Academy is endorsed by AUSTSWIM and Royal Lifesaving the Exposure Youth Music Festival and at the Cambridge and uses the same curriculum as the Education Department Street Festival; to ensure continuity across swim stages. In addition, the • Partnerships with Churchlands SHS and Shenton College Academy delivered exclusive in-term swimming programs to CYS is now working with school staff to provide services one local school. and events via the schools; The Centre also ran a range of fitness programs for all ages • Barista Training and abilities including aqua aerobics, Living Longer Living This very popular program is now offered on a more ad Stronger, Body Harmonics and Fab 50's. A fully staffed crèche hoc basis to fit with young people's complex timetables; and a range of birthday party options were also provided for • Young Writer's Competition families with young children. The 2015 competition attracted an increased number of entries, assisted by a series of new workshops with local A number of community groups regularly use the Centre authors; including Bold Park Masters Swimming Club, Trench Sports and Floreat and Scarborough Surf Life Saving Clubs. The Centre • Youth Leadership Camp also hosted the Education Department's Vacation Swimming CYN members participated in a three day leadership program in January 2016 as well as five school swimming training camp at Fairbridge Pinjarra which focused on carnivals during February and March 2016. team building skills; and • Expansion of Perry Lakes Skate Park Stage 2 of the redevelopment of the skate park continues, with funding grants now approved to construct an enclosed linked bowl designed to challenge more advanced skaters, plus a shade shelter, additional seating, timer-controlled floodlights, connecting paths and more landscaping. This project will be completed in 2017.

Community Development 25 COMMUNITY FACILITIES The Quarry Amphitheatre The Boulevard Centre The Quarry Amphitheatre, located on Oceanic Drive experienced its most successful financial year since the The Boulevard Centre is a multi-purpose training and Town took on the management of the venue in 2009. function venue built in 2002. Over the last 14 years it has Operating revenue increased by 14% from last year, become a popular facility for corporate training seminars, however due to some much needed maintenance and community events, group meetings and private functions. upgrades, expenditure was also up by 23%. The Boulevard Centre operated in a difficult conference market throughout 2015/2016. Despite this, the mix of The 2015/2016 performance season accommodated user groups remained consistent with the previous year: 77 events: 46 performance events; 7 corporate events and 24 private events. A number of regular hirers expanded • Not for profit and Government funded agencies (58%); their production nights while some new hirers were also • State and Federal Government departments (11%); and accommodated. Highlights included the West Australian Ballet, Kate Ceberano, A Big Tribute to the Blues Brothers, • Commercial business or private hirers (31%). Pete Murray and Missy Higgins. In 2015/2016 the Centre hosted 749 events with total It was also an extremely busy year for facility upgrades at patronage reaching 23,491 visitors, a reduction of 23% the Quarry, improving the amenities and general safety of and 31% respectively on the previous year. This drop in the venue. Improvements included: utilisation reflects a significant reduction in spending • New entrance road lighting bollards; across the Training and Development sector. • New roof and paint for the office building; Apart from weekly conferences and seminars, The • Plumbing and café upgrades; and Boulevard Centre is also a popular venue for fundraising • New digital audio desk. events with sporting clubs holding quiz and bingo nights. Further, 2015/2016 was the first year The Boulevard Centre Safety improvements included a new Emergency hosted the Town's annual Seniors Christmas Luncheon, Management Plan, a working at heights platform, a rock which by all reports was a great hit with senior residents. fall prevention system and anchor points installed around the perimeter of the rock walls, plus substantial repairs to the limestone walls to repair erosion and weathering. The Wembley Community Centre Quarry is looking the best it has looked in many years. Wembley Community Centre is home to the Town's Senior Services program and is used regularly by local groups in the evenings and on weekends. As a result of the high CAMBRIDGE LIBRARY number of community services and activities available at An integral part of providing access to resources is creating the centre, it received a number of significant upgrades in inviting spaces for patrons, through promoting children’s 2015/2016: literacy, lifelong learning, access to library resources and • A new Universal Access Toilet; creative expression; presenting an inclusive environment • A dedicated laundry; and spaces that meet the needs of our patrons; and developing a responsive culture of service within our • Separate store room; library. By focusing on these areas, we will ensure that the • New car park bollard lighting; and Library continues to thrive and remains an important and • External sealing under the eaves. relevant community facility The Wembley Community Centre was closed in January Collections 2016 during construction. Patronage in 2015/2016 was The Library provides free access to popular, timely and consistent with the previous year with the majority of desirable content that is easy to find in order to make usage by non-profit organisations (88%) and the balance available information, knowledge and culture. coming from commercial hirers (12%).

Programs Leederville Town Hall The Library offers programs, activities and learning The Leederville Town Hall is a classic example of 'turn-of- opportunities that make a difference to people's lives in the-century' architecture and is the Town's oldest public order to improve their well-being and foster community facility available for hire. Following last year's exhibition for spirit. As well as traditional literary based library use, a the 100th Anniversary of the Gallipoli landing, many local number of community programs facilitated by volunteers pictures and plaques from the start of the First World War are also provided, including; still remains on display in the hall for public viewing. • Mah-jong The Leederville Town Hall has a number of regular hirers • Water colour painting that use the historic facility every week. • Makerspace • Book clubs • Quilting • Justice of the Peace (twice weekly)

26 Town of Cambridge Annual Report 2015-2016 Technology Wembley Golf Course The Library provides infrastructure to provide access to It was a very busy year for Wembley Golf Course with digital services to improve efficiencies, better customer construction of the new hospitality facilities Ambrose experience and better processes. The one-on-one Estate function room, 300 Acres restaurant and bar as well computer classes have continued to be very popular and as a new kiosk and change rooms. The change rooms were successful with many of the older community members opened in April 2016, the kiosk in May 2016 and Ambrose who struggle with new technologies becoming adept at Estate and 300 Acres are due to opened in August 2016. using digital services. Work also commenced in May 2016 on the exciting miniature golf course. This project includes an 18 hole Space mini golf facility, playground, ceremony pavilions and new practice facilities. Importantly, the mini golf includes nine The Library provides an attractive, functional, physical accessible holes for less abled people (a first for Perth). and virtual library to provide people with spaces that are It is expected that on completion (envisaged November welcoming, accessible, encourage learning and enable 2016) the miniature golf course will be one of the best in connection. Australia. During the reporting period the Swing Driving Range Early Literacy continued to perform well with nearly ten million balls hit for the year. Golf rounds played dropped to approximately Targeting children under the age of 12 years continues 148,000 as a result of disruption that comes with a to be a major focus of the library, as emerging life-long significant building project and the higher than average patrons. The benefits of early literacy development rainfall from April through to June 2016. includes expanded vocabulary and writing skills, social and emotional development, promoting longer attention spans, The Gallus Golf Mobile App continues to be a great success enhanced imagination and critical thinking skills. To achieve with over 6,700 downloads. This free app is available in IOS these goals the library conducts programs with over 6,000 and Android and Wembley Golf Course is the first in Perth participants. The programs include: to offer this great product. • New Mums talks at the Wembley Community Centre The junior program continues to be a success, with over 95 • Baby Rhyme Time for 0 - 2 year olds, monthly juniors participating in either the MyGolf or RGX streams. • Storytime for 3 - 5 year olds, twice weekly The development of juniors is an important long term goal for Wembley Golf Course. • Better Beginnings for Pre-primary children • State and national literacy programs • Children's Book Week Environmental • National Simultaneous Storytime The tree planting program continued with over 1,000 • School holiday programs native trees being planted in non-play areas. In the past 14 years over 15,000 native trees have been planted. Library usage 2015/2016 As part of the tree management program, ongoing annual airborne multi-spectral imagery is used to monitor annual • Library visitors 373,980 (2.6% increase) change in canopy and condition of vegetation, and • Total members 17,004 efficacy of treatment programs. Wembley Golf Course • Active members 13,924 now has 21.7% of its total tree population (predominantly • New members 2,500 Tuart trees) over ten metres in height. This represents a significant tree population within the Perth urban area. • Items loaned 285,280 • Enquiries 29,904 • Online catalogue searches 235,032 (16% increase) • Library website visits 307,213 • Interlibrary loans 7,740 • Adult/children programs 166 • Attendees to programs 8,767

Community Development 27 Development and Sustainability

IAN BIGNELL DIRECTOR DEVELOPMENT AND SUSTAINABILITY 2016 and advertising for tenders to assist the Town in undertaking the project will occur in July 2016, after which the appointed consultants will begin to undertake research and community consultation to guide the development of Development and Sustainability Services fulfils Council’s the Strategy. responsibilities with issues relating to planning, building, environmental health, environment, sustainability and Town Planning Scheme Amendment 27 - ranger services. Omnibus Amendment In June 2016, Town Planning Scheme Amendment 27 was approved by the Minister for Planning, which represented Strategic Planning and Town a key milestone in the implementation of the West Leederville Activity Plan and review of the Town Planning Planning Scheme review Scheme. 2015/2016 The Scheme Amendment introduced the following:- During the financial year 2015-2016 a number of strategic • A Mixed Use Zone to encourage a mix of commercial planning projects were progressed including initial steps and residential development in West Leederville on to commence the Town’s Local Planning Strategy. Town Cambridge High Street and the Southport Street Node; Planning Scheme Amendment 27 was also approved • A Residential R-AC0 Zone for the area between which is a major scheme amendment to facilitate future Kimberley Street and Abbotsford Street which promotes development in the West Leederville Activity Centre. multiple dwellings and allows for the preparation of a set of specific built form standards to control development; • A Special Use Zone which applies to the area north of Local Planning Strategy Cambridge Street between Southport Street and the The Town has taken its first steps to prepare a Local bowling club to enable more detailed planning for a new Planning Strategy which will provide a framework for long- link to Leederville Station and mixed use redevelopment term (10 to 20 year) planning for the Town, addressing in the area; and social, environmental and economic factors which affect • A Special Control Area over the West Leederville Activity land use and development. A project plan to guide the Centre to allow for more detailed planning to be adopted delivery of the project was adopted by Council in April under the Town Planning Scheme for the centre.

28 Town of Cambridge Annual Report 2015-2016 The Scheme Amendment enables the Town to undertake In August, the Minister had met with Town of Cambridge further detailed planning to prepare a Local Development Mayor Keri Shannon and Chief Executive Officer Jason Plan and detailed policy provisions for the new Residential Buckley, who advised the Town, has engaged consultants R-ACO Zone. to progress a local planning strategy, and the Town planned to initiate a new amendment once that strategy was The Amendment also incorporates a density bonus completed. The new amendment will address the State’s for Wembley corner lots allowing for these lots to be objectives with respect to density, housing diversity and developed to R30 standards if specific requirements are infill. satisfied.

Scheme Amendment 31 Centre Plans At a Special Council meeting on 1 July 2015, Council The draft Wembley Activity Centre Plan is being prepared considered a report on the outcomes of advertising and to guide future development in the Wembley Activity decided to adopt the Amendment 31 in modified form. The Centre, the area focused along Cambridge Street between modifications included: Marlow Street and Essex Street. • Removal of the corner lot three dwellings proposal; Following advertising in 2015, the Plan has been subject • No manor houses on corner lots; to review with a focus on providing further clarification and to facilitate re-advertising in order to obtain broader • For the manor house option, maximum two apartments community input into the plan Prior to it being finalised. It on 900sqm and larger lots and two apartments plus a is expected community consultation will occur in August/ small one bedroom apartment on 1000sqm and larger September 2016. lots (three and four apartment options removed); and • Increased minimum lot size of 900sqm for the In November 2015 the Town’s centre planning for West Cambridge Street apartments. Leederville was awarded a Commendation at the Planning Institute of Australia WA Awards. The Town received a The modified amendment was forwarded to the Commendation in the category of the President’s Award Department of Planning for consideration of adoption for the West Leederville Activity Centre Plan which was by the Western Australian Planning Commission. The recognised for its contribution to supporting the State Commission considered the Amendment on two occasions Government’s Activity Centre strategy. at meetings in October 2015 and January 2016, after which a recommendation was made to the Minister for Planning. Parkside Walk On 7 April 2016, the Town received advice of the Minister for Planning’s determination in relation to Scheme A number of significant milestones were reached in the Amendment 31. The Minister decided to substantially planning for development of Parkside Walk, the former modify and require re-advertising of the modified Nursery Site on Salvado Road, Jolimont. In July 2015, the Amendment for a period of 60 days. The changes are Western Australian Planning Commission adopted the summarised below: Outline Development Plan. Design guidelines were then adopted by Council in December 2015. The subdivision 1. Manor house proposal has been deleted. plan has been approved and work is expected to commence 2. Corner lots density increased to R20 subject to on the site in late 2016. conditions. Provides development potential for lots greater than 900 sqm. 3. All lots within the 400 metre walkable catchment of Town Planning Scheme Amendment 32 - local centres (Ocean Village, The Boulevard/Gayton Road Perry Lakes Estate and Birkdale Street) density increased to R30 subject to To facilitate the reinstatement of planning control to conditions. the Town over the Perry Lakes Redevelopment Act area, 4. Cambridge Street Lots (Selby Street to Floreat Avenue) Scheme Amendment No. 32 was prepared which rezones have been rezoned to allow grouped and multiple the land for residential purposes and reserves parts of dwellings to at least R40 and to a maximum R60 density. the area for recreation, and establishes a Special Control In response to Council decisions on the matter, the Town Area. This will give force to the Redevelopment Plan and sought legal advice and Senior Counsel Representation in Western Australian Planning Commission approved Detailed relation to the Minister’s powers to modify an amendment. Area Plans and Design Guidelines applicable to the area. This resulted in Council deciding to request the Minister The Scheme Amendment was approved by Council in reject Amendment 31, on the basis it was significantly November 2015 and is expected to be completed early in different and did not resemble the original proposal the 2016/2017 financial year. prepared by Council. On 5 September 2016 the Town was advised Planning Minister Donna Faragher had rejected Scheme Amendment 31.

Development and Sustainability 29 Design Advisory Panels The existing Town Planning Scheme No.1 and Town’s Planning Policies should be read in conjunction with the The Town developed a policy to introduce a Design Review new ‘deemed provisions’. Where there is inconsistency Panel which was adopted by Council in June 2016 and is between a ‘deemed provision’ and an existing scheme intended to provide the Town, Council and applicants with provision, the deemed provision will prevail. independent advice on the design quality and architectural merits of development proposals. Design review focuses on The new Regulations also set out procedures for scheme the incorporation of sustainability principles, streetscape amendments. These procedures seek to streamline local presentation, pedestrian friendly environments, street scheme amendments by adopting a ‘track-based’ approach, orientated development, functional mixed use areas and with different timeframes allocated for basic, standard and protection and enhancement of heritage and character. The complex amendments. Town worked with the Office of the Government Architect which congratulated the Town on its leadership in encouraging better public amenity and residential design outcomes. Development Approvals All development applications are assessed under the provisions of Town Planning Scheme No. 1 and associated Scheme Amendments policies. During the year, 451 development applications In addition to the above mentioned Scheme Amendment worth an estimated $122,256,174 were received for 27 and 32, a number of other Scheme Amendments were residential, educational, commercial, medical and either advertised or gazetted as follows:- infrastructure applications. The table below provides a breakdown of significant development applications • Scheme Amendment 29 was gazetted in October 2015 received by the Town this financial year including medical, to introduce an Additional Use for Consulting Rooms commercial, infrastructure and educational facilities: (Group) at No. 210 Cambridge Street, Wembley. Total Estimated • Scheme Amendment 30 was gazetted in February 2016 No. of Description Development to introduce an Additional Use for Hospital - Special Applications Purposes at No.61-69 Cambridge Street, West Leederville Cost (Abbotsford Private Hospital). City beach sewer infill 1 $4,800,000 • Scheme Amendment 33 was initiated by Council in (infrastructure project) August 2015 to rezone No.350 Cambridge Street, Wembley (Wembley Hotel/Cambridge Forum) from 6 Educational facilities $ 258,000 ‘Public Purpose’ and ‘Residential R20’ to ‘Local Centre’. 30 Commercial applications $2,121,806

2 Medical applications $1,130,079 Policy Updates and Reviews Cambridge received 23 subdivision referrals from the The following Local Planning Policies were either Western Australian Planning Commission for green introduced or updated as follows: title, amalgamation/re-subdivision and survey strata • Policy 5.1 - Parking - Revised parking ratios and cash-in- subdivisions. lieu rates. • Policy 5.7 - Construction Management Plans - new policy to ensure construction of new development is Building Services appropriate managed. The Town is responsible for ensuring that residents • Policy 3.13 - St John’s Wood, Mount Claremont - new who apply to build new premises or make additions or policy to address residential design for the new St John’s alterations to premises, comply with all relevant codes, Wood housing estate in Mount Claremont. regulations and standards. • Policy 5.2 - Advertising Signs - revised to prohibit third-party advertising including large billboards and LED The purpose of a building approval is to ensure that signage. structures meet National Construction Code structural and safety standards and ensure that the interests of both neighbours and the community are considered in Statutory Planning this process. The Building Act 2011 requires segregation of applications into seven sub-categories. The Town Planning and Development (Local Planning received 336 Certified Permits, 241 Uncertified Permits, Schemes) Regulations 68 Demolition Permits, 14 Building Approval Certificates, 5 Building Approval Certificates (Strata), 24 Occupancy The new Planning and Development (Local Planning Permits and 4 Occupancy Permit (Strata) applications Schemes) Regulations 2015 came into effect on 19 during the year. Certified and Uncertified building permit October 2015, replacing the Town Planning Regulations applications received during the year were assessed for 1967 and the Model Scheme Text. The Regulations Town Planning Scheme compliance. introduce a set of ‘deemed provisions’ which automatically apply and form part of the Town of Cambridge Town Planning Scheme No. 1. The intent of these Regulations was to bring consistency for all town planning schemes across the State.

30 Town of Cambridge Annual Report 2015-2016 COMPLIANCE SERVICES The role of Compliance Services is to ensure that development in the Town is in accordance with planning and building approvals and that development/construction sites are maintained in a manner which does not adversely impact on the community. Compliance is also responsible for the administration of the Town’s Private Swimming Pool Inspection program.

Planning - Front Fences There were five non-compliant front fences investigated and four planning directions issued. Of these five front Private Property fences, four were altered to comply with the Town’s policies. The remaining one front fence fell under the One hundred and ninety-four other investigations Perry Lakes Guidelines and was followed up by an external relating to private property occurred. These included agency. stormwater and pool water discharge, sand drift, disused materials, unsightly land, boundary fences and a range of miscellaneous items. Thirty-six Requests to Comply were Planning - Other issued. A total of 165 other planning matters were investigated for works with no development approvals, non-compliance Private Swimming Pool inspections with the approved development approval, home occupations, short stay accommodation; and signage. Compliance officers undertook 1,481 private swimming There were 38 Requests to Comply notices issued for pool inspections for compliance with the Australian numerous non-compliant planning items. A further five Standards. Three infringements were issued for non- planning directions were also issued. compliant swimming pool enclosures.

Building Construction Management Plans On 22 September 2015, Council adopted a Policy - One hundred and one building related matters investigated. Construction Management Plans. The Town requires These consisted of unauthorised work with no building careful management of large developments projects to permits, other land adversely affected by building, damage ensure appropriate consideration is given to the planning caused by builders to neighbouring properties, verges, and management. The requirement for a Construction dangerous walls or unsafe structures. Five building orders Management Plans (CMP) may be specifically stated in the were issued along with eight requests to comply. planning approval, or otherwise required by the Town, in situations: 1. Basement excavations; Verges 2. Demolition of more than two storeys; Twenty-eight verge investigations were completed and 19 3. External works with a value greater than $1 million; Request to Comply notices issued. These matters ranged from unsafe verges, storage of unauthorised items such 4. Where traffic or pedestrian management measures are as sheds and portable toilets and non-compliance with the required; Town’s policies, such as excessive paving or vegetation. 5. Where there is a likelihood of damage to local government property; and 6. Any other case where the Town considers a CMP should Verge Permits be provided due to the nature of the work, or locality, or Sixty-eight verge storage applications were received by where the amenity of the area is likely to be disrupted or Compliance Officers. Of these, 63 were approved with adversely affected. various conditions. There were five applications refused At the Council meeting held on 23 February 2016, Policy due to verge size and obscured vision to passing vehicles. No: 5.1.5 “Street Tree Protection During Development” was adopted to require protection of verge street trees adjacent to developments. Construction Sites Construction Management Plan approvals: Three hundred and one construction sites were investigated for a range of issues such as storage of Item 2014/2015 2015/2016 materials, dust, rubbish, noise and unsightly unsafe sites. There were 57 Request to Comply notices were issued. The Major development 4 1 Town issued two infringement notices to builders. Medium development 1 7 Minor development 0 7 Total 5 15

Development and Sustainability 31 Environmental Health Services Health Promotion, FoodSafe ® and I’m Alert The Town’s Environmental Health Officers (EHOs) Food Safety Training Program undertake routine and proactive initiatives to ensure the Health promotion activities continued individually with community and the environment are protected from residents, such as the investigation of rodent complaints, unnecessary hazards. Public health is often taken for and with food businesses, such as the promotion of granted however it is only through ongoing programs such FoodSafe ® and “I’m Alert” on-line training program. The as food premises inspections, food hygiene education, Food Act requires that food businesses serving food to routine and complaint based food sampling, vermin control vulnerable persons have an approved Food Safety Plan in and customer requested health investigations that we place. ‘Vulnerable persons’ predominately encompasses enjoy a high standard of public health. businesses serving food to residents at hospitals, aged care facilities and child care centres. Food Premises The following tabulates those results: Food Premises and Stall Holder’s Permits 361 routine inspections of food premises in the Town were undertaken in the year to ensure compliance with general hygiene and food handling practices. Environmental Health Officers liaise with promoters of sporting and large Health Item community events to maintain acceptable standards for 2011/ 2012 2012/2013 2013/2014 2014/2015 2015/2016 food safety and hygiene. A total of 181 stall holder permits Food premises were issued during the period. 79 inspections of food stalls inspections 343 259 345 338 361 and food vans were undertaken to ensure compliance with Health the relevant legislation. registrations/ 54 31 52 55 51 permits Health General - complaints Food Stallholder permits - 1 day 63 79 90 134 181 92 general health or environmental complaints were events received and investigated. Food Stallholder permits - 6 month 4 10 2 3 4 Effluent Disposal Systems/Sewer In-fill Outdoor Eating Area permits 13 7 5 23 26 During the year the State Government’s advised Water Corporation a sewer in-fill program would commence Food fit out to approximately 310 properties in City Beach. Seven permits 3 7 11 10 10 applications for new septic tank effluent disposal systems and aerobic treatment units were approved in the year.

Food Complaints and Food Sampling Noise Control and Environmental Protection Environmental Health Officers dealt with 15 complaints alleging sub-standard food which required investigation A total of 139 environmental or domestic noise related with the vendors and manufacturers. complaints were received during the year. The Town continued to participate in the WA Food Monitoring Program in conjunction with the Department Rodent Control of Health. Chemical analysis is undertaken to monitor compliance with the Food Standards Code, and 137 packets of free rodent bait were issued to residents. microbiological analysis to examine standards of food production hygiene. The Town is a member of the Food Monitoring Group (FMG), which consists of representatives Midge Control from the Department of Health, the Local Health Authorities Analytical Committee and various Local There were two recorded complaints regarding midge Government Authorities. nuisance in Lake Monger Reserve.

32 Town of Cambridge Annual Report 2015-16 Public Swimming Pools and Ocean Water Parking Sampling Parking control and enforcement activities is a major 91 samples of water from ten public and institutional operational activity for Ranger Services Staff. The table swimming pools located within the Town were analysed for below provides statistical information about parking control microbiological and chemical water quality assessment. activities during 2015/2016 and comparative information In partnership with the Department of Health, routine from the previous years: sampling of ocean water at Floreat and City beaches continued during the summer months. Twenty-nine (29) samples were submitted for analysis. All were found to comply with the microbiological requirements for recreational waters. Item 2011/ 2012 2012/2013 2013/2014 2014/2015 2015/2016 Parking infringements 9,543 9,940 7,011 8,826 9,469 Public Building Inspections issued In 2015/2016, 35 public buildings were inspected for Written cautions 1,225 1,124 1,306 922 968 compliance with the Health (Public Buildings) Regulations issued 1992. Particular attention was paid to emergency exit Parking doors, locks and signage, emergency evacuation plans, infringement 1,019 1,225 839 1,111 1,121 fire prevention and control, and required documentation. appeals Premises identified with non-compliances are subject Parking to follow-up inspections to confirm compliance with the infringements 650 734 469 623 697 required regulations. withdrawn Parking prosecutions 3 2 2 3 2 Immunisation Influenza vaccinations for Town of Cambridge employees were conducted through the new LGIS Health and Residential Parking Permits Wellbeing program and provided by Spot screen. This year, Information about the Residential Parking Permit System is 69 Council employees were immunised through the staff provided to residents in areas where new restrictions were influenza vaccination program. introduced. As at 30 June 2016, 1,196 Residential Parking Permit applications had been processed. Infectious Diseases Parking Agreements Environmental Health Officers are no longer required The Town has agreements in place where Rangers enforce the to investigate infectious diseases notifications due to Parking Local Law at private parking facilities. Ranger Services sophisticated clinical analysis techniques used by the undertook parking compliance inspections at 128 private car Department of Health. parks on behalf of businesses and residential owners.

Health Orders and Notices issued Abandoned vehicles During 2015/2016, a concerted effort was made to Rangers attended 81 reports of abandoned vehicles; of address a number of long standing complaints relating to these 11 vehicles were impounded and sold after owners sub-standard housing and untidy and overgrown yards failed to collect the vehicles within 60 days. The remainder containing disused materials. As a result of this effort: of the vehicles were moved by their owners. Three Health Act 1911 Section 135 Notices for Unfit Houses were issued. Beach Safety Four Section 137 Health Act 1911 Notices for Repair or Surf Life Saving WA, (under contract to the Town), monitors Amend substandard houses were issued. beach safety and provides lifeguard services for beach Four Local Government Act Notice were issued. These users at both City Beach and Floreat all year round. During Notices related to: the 2015/2016 season, beach lifeguards and volunteer • Unkempt and untidy land/accumulation of disused lifesavers recorded the following incidents: materials/ overgrown vegetation (2); • Unauthorised structures on local government land (1); Incident 2015/2016 • Intrusive ‘light spill’ causing a nuisance (1). Preventative actions* 11,835

First aid 1,304 Ranger Services Rescues 63 The Town’s Rangers continued to contribute in a positive way to the security and orderly conduct of the Town. Key * Preventative action is any action which may have prevented activities and achievements are detailed below. injury or incident to another person.

Development and Sustainability 33 Dog Control Bush Fire Control Community education on responsible dog ownership 208 Bush Fires Act notices were issued to owners of continued; pamphlets were distributed with all dog residential and vacant land to clear their land of any registration renewals forms to local residents within fire hazard and flammable material. All lands assessed the Town. The Town maintained its association with as being non-compliant were made compliant to the the Shenton Park Dogs Refuge Home as the Town’s dog Town’s standards. Two infringements were issued and pound. There are 2,968 dogs registered with the Town of three properties cleared by a contractor costing $2,050. Cambridge. The following table provides information about Contractor costs are payable by the property owner. dog control activities during 2015/2016:

Litter Control 12 Litter Act Infringements notices and three cautions were issued.

Activity 2011/ 2012 2012/2013 2013/2014 2014/2015 2015/2016 Dogs Registered 2,683 2,765 2,871 2,826 2,968 Dogs impounded 58 60 47 70 70 Sustainability Services Dogs claimed by In accordance with the Town’s Strategic Community Plan, owners 58 53 38 59 59 Cambridge embraces the principles of sustainability when making decisions to balance the needs of both current Dogs held for sale 0 7 8 7 7 and future generations through environmental protection, social advancement and economic prosperity. The Town Dog attack 19 18 34 29 45 complaints aims to be environmentally responsible and lead by example. Nuisance dog complaints 40 51 48 68 63 Dog wandering reports N/A N/A N/A 148 140 Community Initiatives Dog Annual Spring and Autumn workshops held at the Town infringements 32 295 115 54 52 of Cambridge Administration Centre were presented by Beyond Garden, Birdlife WA and Great Gardens and covered Dog cautions 18 264 448 406 286 subjects such as water wise gardening for local soils and climate and productive gardening. Birdlife WA presented workshops on local birdlife followed by field days. Odd Dog prosecutions Fodder also presented a very engaging and practical workshop on cultivating superfoods.

1X2 offences 1x3 offences 1X2 offences 1X2 offences 1x1 offence 1X1 offence 1X10 offences 1X1 offence The Town hosted the Lake Monger Markets on Saturday, 25 October 2015 as part of the Garage Sale Trail. Locals browsed 140 stalls plus enjoyed the range of food options, Cat Control family fun and entertainment also on offer. The annual event promotes the reuse of items to reduce waste going The Cat Act 2011 came into effect on 1 November 2013 to landfill. School holiday nature based activities were held and requires all cats be registered, and young cats be in conjunction with Botanic Gardens and Parks Authority sterilised prior to registration. There are 756 cats registered and the Naturalist Society and included school holiday with the Town of Cambridge. The following table provides Sunset Stalks at Bold Park and a Frog Stalk at Perry Lakes. information about cat control activities during 2015/2016: From June 2015 the Town offered free eco-audits to Cambridge residents. With help from an auditor the program helps residents become aware of their energy and water consumption and provides advice on how to reduce it. The program has been very popular with all available

Item 2013/2014 2014/2015 2015/2016 audits booked. Cats registered 590 655 756 Cats impounded 2 10 6 Western Suburbs Regional Organisation of Cats claimed by owners 0 8 3 Councils (WESROC) Partnership Cats held for sale 0 0 0 The Town of Cambridge has sold more than 20,000 plants Cat infringements 0 1 1 over the past nine years and is the WESROC Council with the highest uptake during the annual Native Plant Subsidy Cat cautions 0 7 1 Scheme. A 100% uptake was achieved this year with more than 3,000 plants purchased.

34 Town of Cambridge Annual Report 2015-2016 Switch Your Thinking Program Water Efficiency and Quality Monitoring Residents and businesses are eligible for discounts on The Town was one of the first local governments to be products such as rainwater tanks, pool covers, insulation Water Corporation endorsed Waterwise. Wembley Golf paint, eco products, energy and water audits and green Course has been a Waterwise Golf Course with Gold Status printing. A rebate on Solar PV systems was added this year. since 2014. Endorsement will be sought for the newly The Town continued to support the annual Young Inventor developed Bold Park Aquatic. Corporate scheme water of the Year competition to raise awareness of the value of use has trended down at a rate of 1,567kL per year since recycled materials and reducing waste to landfill. Programs 2000. The Town has reduced water use by 40%, surpassing were run in conjunction with the Cambridge Library during the Water Corporation’s Perth target of 15% reduction school holidays. between 2001 and 2030.

Community Gardens Biodiversity The Town is fortunate to host two Community Gardens, Biodiversity initiatives in 2015/2016 included Biodiversity the West Leederville Community Garden has been thriving Action Plan works, Arbour Day, community plantings and since June 2007 and the Lake Monger Community Garden the Native Plant Subsidy Scheme. In the past year a weed was recently established and is making excellent progress. control and revegetation program has been undertaken at These gardens provide a local hub for residents and play an Chipping Park, Roscommon Park, the Quarry Amphitheatre important role in creating thriving communities. and Templetonia Park. A total of 3,000 seedlings were planted across the reserves.

Community Groups Travel Smart The Town works with several community groups which help care for the natural environment. These groups perform The Town’s Travel Smart program encourages local schools, a vital role in improving and protecting the natural areas staff and the community to choose sustainable transport where they generously volunteer their time. options such as walking, cycling, public transport and carpooling, reducing traffic congestion and making our Cambridge Coastcare - continued their great work and community more active and safer. planted over 5,500 plants this year. A number of schools received funding for walk and cycle Friends of Bold Park - with funding from the Town, to school event days where students enjoyed a healthy hosted the Friends of Bold Park Open Day and assist with breakfast when they arrived at school including Bold community nature activities. Friends of Roscommon Park Community School, City Beach Primary, Floreat Park Park - the ongoing support of the group helps maintain Primary, Holy Spirit Catholic Primary, The International the biodiversity value of this important piece of remnant School, Wembley Primary and West Leederville Primary. bushland.

Waste Management Initiatives Waste Management Initiatives Worm farm and compost bin rebates are available to Worm farm and compost bin rebates are available to residents from March to May annually. The program aims residents from March to May annually. The program aims to to reduce organic waste transferred to landfill by helping reduce organic waste transferred to landfill. residents utilise their household waste to generate organic material that can be used to build a healthy soil and garden. The program has been running for four years and around Sustainable Schools Program 130 residents have taken advantage of the rebates. Assistance is provided to teachers to integrate Assistance is provided to teachers to integrate sustainability into their lessons through the Town’s sustainability into their lessons through the Town’s Sustainable School programs. Lake Monger Primary School Sustainable School programs. Lake Monger Primary School received a grant from the Town to install a bushfood received a grant from the Town to install a bushfood garden garden. and Steve McCabe from Beyond Gardens assisted with setting up the garden. Energy Efficiency Two photo voltaic solar systems have been installed at the Town’s facilities. The 30kW system at the Administration Centre has ensured an average of 30 tonnes of carbon emissions was avoided per year, since installation in September 2014. The 10kW system at the Library, installed in June 2011, avoids approximately 13 tonnes of carbon emissions per year. Solar evacuated tubes were installed at Bold Park Aquatic.

Development and Sustainability 35 Energy Efficiency Two photo voltaic solar systems have been installed at the Town’s facilities. The 30kW system at the Administration Centre has ensured an average of 30 tonnes of carbon emissions was avoided per year, since installation in September 2014. The 10kW system at the Library, installed in June 2011, avoids approximately 13 tonnes of carbon emissions per year. Further Installation of more renewable energy systems is being investigated. Solar evacuated tubes were installed at Bold Park Aquatic. Electricity usage is being monitored through a metering and monitoring system, providing detailed consumption figures to optimise use. Total electricity consumption and carbon emissions for the Town’s facilities is monitored through the Greensense Greenhouse Gas Emissions Platform.

Water Efficiency and Quality Monitoring Biodiversity The Town was one of the first local governments to be Biodiversity initiatives in 2015/2016 included Biodiversity Water Corporation endorsed Waterwise. Wembley Golf Action Plan works, Arbour Day, community plantings and Course has been a Waterwise Golf Course with Gold Status the Native Plant Subsidy Scheme. since 2014. Endorsement will be sought for the newly Rehabilitation works continued under the Town’s developed Bold Park Aquatic. Biodiversity Action Plan. In the past year a program of weed Corporate scheme water use has trended down at a rate of control and revegetation has been undertaken at Chipping 1,567kL per year since 2000. Relative to the base year of Park, Roscommon Park, the Quarry Amphitheatre and 2000 the Town has reduced water use by 40%, surpassing Templetonia Park. A total of 3,000 seedlings were planted the Water Corporation’s Perth target of 15% reduction across the reserves. between 2001 and 2030. Reducing community water consumption is encouraged Community consumption has been stable since 2011 by planting local native species on verges and in gardens. with an average of 3,400,00kL per year being consumed. Town of Cambridge residents were invited to participate in Residents are encouraged to use pool covers and water the Native Plant Subsidy Scheme conducted through the efficient appliances to reduce consumption. Converting Western Suburbs Region of Councils (WESROC). The annual verges from lawn to native waterwise gardens is scheme which runs during May offers local residents the encouraged through the Native Plant Subsidy Scheme and opportunity to purchase up to 80 native seedlings from various gardening workshops to educate the community APACE nursery in North Fremantle for $1.50 per plant. one about waterwise gardening. hundred per cent of the seedlings were purchased.

Travel Smart The Town’s Travel Smart program encourages local schools, staff and the community to choose sustainable transport options such as walking, cycling, public transport and carpooling. The Town worked with schools to encourage students to walk and cycle to school - helping to reduce traffic congestion and make schools safe, happy and active places. A number of schools received funding for walk and cycle to school event days where students enjoyed a healthy breakfast when they arrived at school. Bold Park Community School, City Beach Primary, Floreat Park Primary, Holy Spirit Catholic Primary, The International School, Wembley Primary and West Leederville Primary.

36 Town of Cambridge Annual Report 2015-2016 Infrastructure

CHRIS COLYER The Town continues to update its Asset Management software program AssetFinda to facilitate the development DIRECTOR of its Asset Management Plans and to provide accurate INFRASTRUCTURE renewal requirements for the next 10 years. Condition assessment surveys of all Town buildings commenced and a program based on a whole of life cycle Asset Management approach for maintaining its key assets in good condition is progressively being implemented. The Council is custodian of a portfolio of infrastructure assets valued at more than $300 million. As custodians of Throughout the year, Council has continued to responsibly public assets, good governance requires the Town to have manage its asset management programs and incorporate a strategic approach to asset management. We continued ecological design features into its projects wherever to improve the way we manage infrastructure assets possible. Examples of sustainability initiatives incorporated by adopting a systematic approach in accordance with into its asset replacement programs are outlined below: the guidelines set out in the International Infrastructure • LED lighting installed to the Library and Depot Management Manual (IIMM 2011) • LED Lighting installed to parks and recreation areas In the upcoming year, the following activities are planned • Installation of evacuated solar tube heating panels at Bold • Development of a 10 Year Long Term Capital Works Park Aquatic Program Evacuated solar tube heating panels were installed on the • Undertake a maturity assessment of the Town’s asset roof of Bold Park Aquatic to help reduce carbon emissions. management’s systems approach • Review and update the Town’s existing Strategic Asset Management Plan. • Adopt asset management practices aligned to international standards ISO 55001 During the reporting period, the Town continued to comply with the State Government’s Integrated Planning and Reporting requirements. The Town has completed the revaluation of all assets associated with its plant and equipment, using fair value practices.

Infrastructure 37 Building Capital Works Program Road Resurfacing The Town has completed a number of capital works The Town has 172km of sealed roads, which depending on projects in 2015/2016 including: traffic loading, are ideally resurfaced every 20 - 30 years. • Replacement roof at Floreat Surf Life Club During the year, 7.9km of road was resurfaced at a total expenditure of $1,967,000. The major projects were grant • Replacement of main electrical distribution board - funded and were located on Donegal Road, Essex Street, Henderson Park toilets and change room Launceston Avenue and Railway Parade. • Replacement windows and frames - Henderson Park toilets and change room • External brickwork repairs, and rendering to Henderson Lanes Park toilets and change room Atterton Lane, Jacobsen Lane and Piper Lane, located • Asbestos removal program across the building portfolio adjacent to Grantham Street in Wembley, were improved by constructing a pavement, sealing, kerbing and installing drainage. Loveridge Lane, Crofts Lane and Waddington Lane are in progress. Funding for all six lanes was $1,102,000.

Stormwater Drainage The Town maintains a network of 101km of stormwater pipes and 5,352 drainage pits that transfer stormwater into a combination of 22 sumps, four lakes and four Water Corporation main drains. An improvement program commenced in 2011 to address flooding issues which occurred during the intense storms of March 2010. Eleven improvement projects were completed on Clune Avenue, Joseph Street, Moray Avenue, Oxford Close, Oceanic Drive, Glengariff Road, Holland Street, Reserve Street, Marlow Street, Kavanagh Street and Levitt Lane. Another four projects were designed for Chipping Road, Railway Parade, McCourt Street and Keane Street for construction in 2016. The total expenditure on all drainage works was $764,000.

Footpaths and Shared Paths New replacement roof installation at Floreat Surf Life The Town continued to improve its network of 156km of Saving Club. footpaths and 33.5km of shared paths in accordance with its Footpath Improvement Program and Bike Plan with a Road Work Projects total expenditure of $690,000. A total of 5.28km of old The total expenditure for improving the road system was slab footpaths was replaced with concrete paths. A new $1,367,000. Significant projects included: path was constructed on Kavanagh Street. • Salvado Road - roundabout at entry to St John of God Hospital Bus Shelters • Cambridge Street - widened median island for pedestrian crossing near Oxford Close. The Town currently has 200 bus stops and 86 bus shelters. Another 20 bus shelters are provided by Adshel Pty Ltd • Replacement of chicanes with speed plateaus in Daglish, in return for advertising rights on those shelters. The Essex, Holland, Jersey, McKenzie and Pangbourne streets Department of Transport upgraded 120 bus stops with a • Traffic island in Bent Street near Chipping Road. raised concrete hardstand that complies with the current • Grantham Street - pedestrian crossing at McKenzie Street disability service standards. In association with this project, the Town replaced nine old shelters with new shelters on • Kerb replacement in Nanson Street, Jukes Way, Railway the new hardstands for a total cost of $61,000. Parade, Cambridge Street and MacEwan Street

38 Town of Cambridge Annual Report 2015-2016 • Collection of traffic speed and volume data on Town roads; • Assessment of traffic crash statistics and preparation Salvado Rd Roundabout construction of designs of treatments to improve safety and reduce vehicle, bicycle and pedestrian accidents; • Recommendations on traffic management proposals to improve safety and amenity of residents; • Liaison and consultation with residents and other road users on traffic related issues; • Assessment of residential and commercial development planning proposals in relation to traffic and safety issues; • Assist with the preparation and implementation of the Building Management Program for the maintenance and Laneway construction enhancement of the Town’s public buildings; • Establishing a forward works program of well-planned design projects which builds on relationships and funding from State and Federal Government; Engineering Design • Proposing and implementing parking restrictions in order to manage road safety and amenity issues. The Engineering Design section supports the operations of • Review proposed development plans for land infrastructure works, planning, waste management and parks development at the Salvado Road former Nursery site and with the preparation of detailed designs and development Area G in Mount Claremont; plans. • Developing concept plans for future Blue Sky road and • Activities to prepare future programs and formulate parking improvements which aligns with Perth Transport efficient asset management included: Plan for 3.5 million and Beyond; • Liaison with adjacent councils and government • Town of Cambridge 2017 - 2022 Bike Plan. The Town is authorities, such as Perth Transport Authority and Main currently managing the development of this plan with Roads WA on traffic management issues; Cardno Consulting Engineers.

Examples of some recently completed design projects include the following:

Pedestrian crossing improvements on Grantham Street east and west of McKenzie Street

Salvado Road roundabout at the St John of God Hospital entry

Infrastructure 39 Cambridge Street - Oxford Close - Green CAT pedestrian improvements: This project involved negotiating and securing $50,000 from Public Transport Authority PTA in order to design and deliver a wider and more expansive protected central median in order to improve pedestrian safety.

Drainage improvement projects across the Town aimed Laneway designs: to alleviate localised runoff issues. Sites included the • Atterton Lane following:- • Loveridge Lane • McCourt Street/Woolwich Street - involves replacing the • Piper Lane playground. An underground detention system to cater for approximately 1150m2 has been designed to assist • Waddington Lane with major storm events while also providing a shallow • Crofts lane overland drainage swale path for storm water. (Council will consider design and estimated costs in 2016). Preparation for future design proposals is underway for some future projects:- • Cambridge Street/Oxford Close drainage design improvements • Grantham/Harborne intersection to help reduce traffic • Louth Road/Glengariff Drive drainage improvements accidents • Clanmel Road drainage improvements Black Spot projects at the following sites: • Chipping Road, Catesby Street, Felton Street, The Boulevard access road drainage project • Oceanic Drive/Bold Park Drive • 11-21 Harborne Street drainage project • Oceanic Drive/Marapana Road • Railway Parade/McCourt Street drainage project • Cambridge Street/Gregory Street • Oceanic Drive - Tullow Road to Bold Park Drive drainage • Grantham Street/Marlow Street project stage 1 • Loftus Street/Macewan Street • Ruislip Street - Marlow Street drainage project

Existing tree to be removed Existing tree to be retained Proposed tree Concrete paving Picnic setting Boardwalk Rubber softfall (impervious) Laterlite gravel (pervious) Irrigated turf Verges to be dry grass Limestone wall Concrete kerb 900 high fencing Existing transformer Bubble up

40 Town of Cambridge Annual Report 2015-2016 Waste Management • Cambridge Library • Wembley Community Centre The Town provides a comprehensive waste and recycling service designed to make it easy for residents to conserve • Bold Park Aquatic natural resources and reduce waste destined for landfill. The Town has continued to encourage residents to aim for Maximum Recovery with an overall goal of increasing Public Space Recycling recycling rates through the kerbside three bin system In October 2015, the Town introduced new dual bin to achieve the Waste Authority’s target of 65% waste enclosures at City Beach and Floreat Beach. The bins diverted from landfill by 2020. have been well received by beach goers and have added The Town provides residents with the following waste a much needed visual upgrade to the previous wheelie services: - bins which lined our coast. The bins were chosen based on functionality and to fit in with the design of the new surf • Best practice three bin collection system, weekly landfill club development. and fortnightly recycling and green waste; • two annual bulk verge and bulk green waste collections; • weekly on request mattress collection; Garage Sale Trail • two e-waste drop off days annually; On Saturday, 24 October 2015, the Town organised the • two charity donation drop off days annually; annual Lake Monger Market. Attendance was estimated • four recycling drop off points for items that should not to be 3,000 plus and the event had a great community go in the kerbside bins; and atmosphere. There was entertainment from local choirs • additional recycling collections at Christmas. and theatre groups, cultural workshops, a variety of waste education and sustainability focused stalls, activities and food vans. Waste Education Campaign The Town’s recycling service has been extremely successful E-Waste Drop-off Days thanks to a commitment to waste minimisation initiatives and education. The Town’s Maximum Recovery campaign The Town hosts e-waste drop off days twice annually which demonstrates that we now have a best practice waste allows residents to recycle unwanted electronic items such collection system and are encouraging residents on how we as TVs and computers. The Town diverts an average of 15 can achieve Maximum Recovery. tonnes of waste from landfill at each of these events which are held in February and September to coincide with the Key focus areas of the Maximum Recovery campaign are: bulk verge collection. • Improving the environment by recovering more resources through household recycling; • Encouraging residents to lead by example and adopt Charity Drop-off Days sustainable living as a standard; At the 26 April 2016, Council resolved to cease support • Maximising the amount that can go into the recycling bin; for placement of charity donation bins on public land. The and Town, like many other councils, Cambridge has experienced • Encouraging behavioural change and perceptions toward issues with charity donation bins on public land becoming recycling. spaces which encourage anti-social behaviour, accumulate litter and instigate illegal dumping. In lieu of Charity The Town continues to promote a simplified message about donation bins the Town held a Charity Drop-Off Day on what can go into the recycling bin - anything that is paper, Saturday, 11 June 2016 with nearly nine tonnes of clothes, cardboard, metal, glass or plastic. textiles and shoes collected for charity. A steady procession of over 400 cars navigated the Administration Centre car park to donate goods to the participating charities - Mattress Recycling Vinnies, Salvos, Anglicare, Spine & Limb and Good Sammy’s. Through the no charge mattress collection program, the Town diverted 1,077 mattresses from landfill this year which translates to approximately 43 tonnes in weight. Additional Recycling at Christmas Mattresses are deconstructed and materials repurposed. For the past four years the Town has provided residents with three consecutive weeks of recycling over Christmas to help to dispose of the additional waste generated Recycle Stations over this period. The program has been well received by In September 2015, the Town commissioned four new residents and contributed to a 4.7% increase in recycling in portable recycle stations for items that should not be December 2015. placed in the recycling bin. The stations are in place for residents to dispose of fluorescent tubes, light globes, printer cartridges, batteries and mobile phones, and are Better Bins Campaign located at; The Waste Authority allocated a grant of $216,690 to • Town of Cambridge Administration the Town to spend on projects which will add value to our current kerbside collection service.

Infrastructure 41 Statistics At the end of the reporting period the following data was recorded to reflect the Town’s recycling rate compared to historic data and the desired target. 100 %

90 % 27.1 29.9 28 28.1 28.8 29.3 29.7 % % % % % % % 80 % 50 65 % % 70 % 4.2 % 11.4 % 14.2 % 16.9 18.1 Recycling Collection Recycling (Tonnes) Collection Green Waste (Tonnes) Collection General Waste (Tonnes) Collection Total (Tonnes) 60 % % % 2009/2010 3,494 9,416 12,910 50 % 2010/2011 3,731 8,750 12,481

2011/2012 3,550 532 8,588 12,670 40 % 72.9 70.1 2012/2013 3,543 1,438 7,639 12,620 % % 67.8 % 60.5 30 % % 57 % 53.8 53.2 2013/2014 3,649 1,797 7,210 12,656 % 50 % % 2014/2015 3,726 2,148 6,852 12,726 20 % 35 % 2015/2016 3,803 2,326 6,691 12,820 10 % Change 77 178 -161 94

00 % Parks

Cambridge has some of Perth’s most beautiful public open 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 spaces, including Lake Monger and Perry Lakes reserves 2015 Target 2015 Target Waste Authority Waste Authority Waste together with City and Floreat beaches. The Town also maintains many active recreational and bushland parks and Landfill Greenwaste Recycling landscaped road reserves, including street trees.

42 Town of Cambridge Annual Report 2015-2016 General Improvements Perry Lakes Reserve This year works included:- This regional reserve provides tranquil bushland • Landscape improvements at Floreat Beach Park; surroundings for passive and active recreation. It is the perfect spot for a quiet barbecue or to just take • Completion of final stage of a three stage program to a stroll amongst the many local native tree species improve the structural integrity of the City Beach Groyne; dotted throughout the reserve. The Perry Lakes Reserve • Upgrade of park facilities at Templetonia Park including Environmental Management Plan and Implementation additional seats, a new drinking fountain and fence; Program guide improvement works around the lakes. • Renovation of the turf playing surface at Floreat Oval and This years works included: Alderbury Sportsground; • Installation of barbecue/picnic facilities at the south east • Replacement of shade sails, equipment and sand at area adjacent the new playground next to Meagher Drive; various playgrounds. • On-going control within the lake of invasive exotic weed • Installation of a new basketball/netball facility and species to improve water quality and biodiversity; resurfacing of the carpark at Grantham Park; • Arboricultural tree management works to improve safety • Installation of a new drinking fountain at Bent Park and long term viability of trees. • Installation of additional fencing to the boundary of Cowden Park; • Remarking of carparks at various locations Water Conservation Plan The Town manages its allocated ground water resource for Lake Monger Reserve irrigation in accordance with the Water Conservation Plan. Cambridge Council continued to be a leader in its efficient This regional recreation reserve is an important use of water for irrigation. conservation wetland, a significant Aboriginal heritage There are currently 189 hectares under irrigation which are site and is one of the Town’s most popular destinations for managed using industry best practice methods including: passive and active recreation. The Lake Monger Reserve Management Plan 2008-2018 and its Implementation • Hydrozoning of parks to apply only the required amount Program underpin the management of the reserve. of water based on the need and use of the park. A weather station and a central control system ensure In addition to the day to day maintenance works continuous monitoring of the weather and only applies undertaken to maintain this reserve to a high standard, the irrigation when turf and plants need it; following improvements were also completed:- • Ecozoning of parks to promote biodiversity and conserve • Installation of the final stage of LED security lighting water; along Lake Monger Drive; • Servicing and replacement of various irrigation bores and • Installation of entry statement signage; pumps including the treatment of selected bores for iron • Arboricultural tree management works including tree bacteria to maximise their efficiency; planting throughout the reserve to improve biodiversity, • Monitoring ground water quality from bores to ensure safety and long-term viability of trees; suitability for irrigation; • On-going management of the bird refuge island and the • Participation in the development of best practices in vegetated channel, jointly funded by the City of Vincent turf management with other local governments and the and Main Roads WA; University of Western Australia Research Centre; • Continued partnership arrangement with the University • Calibration of groundwater flowmeters to ensure their of WA to provide water quality monitoring to detect accuracy and compliance with the Department of Water. seasonal trends and to predict the lake’s ecological health; • Lake rehabilitation works were again undertaken Coastal Natural Areas Management Plan on the western edge of the lake as part of the Lake Monger Ecological Restoration Program and included In accordance with this Plan, rehabilitation works, including replacement of exotic vegetation with native wetland removal of woody weeds and planting of numerous tube plants. This was stage three of a six stage program where stock plants, specially grown from local provenance seed around 3,000 trees and shrubs were planted; collected from the local dunes, were undertaken in the Town’s coastal dunes. • The Arbor Day planting event was organised at Lake Monger this year which included local primary school These on-going works, undertaken with the assistance students planting around 300 trees and shrubs. of Cambridge Coastcare, aim to improve biodiversity values in the Town’s coastal dunes. Other works included the maintenance of the beach access paths and adjacent fencing to ensure the protection of the coastal dunes.

Infrastructure 43 Street Trees Treescape Plan 2010-2020 by 2024. 2015 saw completion of year three of the planting program with a total 970 trees planted since the Trees are one of the Town’s most important natural assets program commenced. and are regarded as critical urban infrastructure. The Town’s street trees are managed in accordance with the Treescape Other significant programmed works undertaken included Plan. The purpose of the Plan is to: the Ficus Hillii Management Program, The Boulevard Pine Trees Management Program and the Phoenix Palm • Develop attractive treescapes for every street in the Management Program. Town; • Increase the Town’s overall tree canopy area each year; • Improve the visual appeal of commercial centres; and Park Trees and Landscape Improvements • Foster community awareness of the importance of street Parks and gardens in the Town are some of the most trees and so create a sense of pride in the quality of beautiful in Perth. Trees and shrubs growing in these streets. areas contribute to making up the Town’s urban forest. To achieve the purpose of the Plan, Council adopted the A significant amount of minor tree and shrubs works are Priority Streets and Precinct Streets Planting Programs. undertaken on a day to day basis within the Town’s parks to These programs aim to achieve entire street improvements keep these assets alive, healthy and safe. and increase street tree numbers from 14,000 to 18,500

Street Tree Planting Program Results / Targets

400

350

300

250

200

150

100

50 375 355 359 256 0 number of trees to trees planted trees planted trees planted plant per year in year one (2013) in year two (2014) in year three (2015)

20,000 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 14,000 18,500 4,500 970 0 tree numbers prior to tree numbers estimated at proposed increase total trees planted commencing of tree completion of programs in tree numbers year to date 2015 planting programs in 2024 (12 years)

44 Town of Cambridge Annual Report 2015-2016 Garden Awards 2015 All gardens considered for an award must be visible from the road and comply with the spirit of the Town’s Road Verge The 20th annual Garden Awards were held in November Landscaping and Maintenance Policy. The judging panel 2015. The awards were established in 1996 to recognise looks for well-maintained verge and private property front front gardens, inclusive of the verge, within the Town that gardens, including those that require minimal water use. are well maintained, aesthetically pleasing and contribute to the Streetscape. The following were awarded:

Best Residential Front Garden Highly Commended Water Wise Front Garden 27 Keane Street, Wembley 9 Arbordale Street, Floreat

Highly Commended Residential Front Garden Best Commercial/Group Housing Front Garden 13 Turriff, Floreat 24 Salvado Road, Wembley

Best Water Wise Front Garden Highly Commended Commercial/Group Housing Front 34 Peebles Road, Floreat Garden - 85 Reserve Street, Wembley

Infrastructure 45 Statutory Compliance and Civic Responsibilities

Elected Member Conduct • Both the MRS (Currently zoned Urban Deferred) and the Town’s planning scheme will need to be amended to Section 5.121 of the Local Government Act 1995 requires “normalise” the development controls over the land prior to that local governments maintain a register of complaints that the final payment being made to the Town. result in action under Section 5.110(6) (b) or (c). There was no breach allegations lodged during the financial year. The transfer of the three apartments sites, valued at $27.4 million (ex GST), subsequently occurred on the 21 July 2015. The remaining balance of $22.6 million is to be paid in cash Major Land Transactions during the 2016/17 financial year. The Council at its August 2015 Council meeting decided to sell lot 232, 1 Meagher Perry Lakes Redevelopment Project Drive and lot 233, 29 Stadium Drive by way of tender. In December 2015, Lots 232 and 233 were sold for $19.5 The State Government assumed control of the Perry Lakes million (ex GST) and are to be settled in January 2017. Redevelopment project in 2005 after passing the Perry Lakes Redevelopment Act 2005 (the Act). At the completion of the project, the Town of Cambridge was owed $50 million which as per the Act can be paid in cash, land or a combination of Former Nursery Site Redevelopment cash and land. (Parkside Walk Jolimont) In May 2015, the Town received a report from the Minister In 2012, the Town prepared a business plan for the for Planning on the proposed settlement with the State development of freehold land owned by the Town, commonly Government on the Perry Lakes Redevelopment as follows; known as the Former Nursery site located in Salvado Road, Jolimont. The site is approximately 3.9 Ha. • The settlement of the $50 million is to be made through a combination of land and cash; Following public submissions on the business plan, the Town entered into a contract for the sale of the Land with Landcorp. • The three apartments sites (lots 231, 232 and 233) will be The contract provided for an initial payment to the Town of $5 transferred to the Town by 30 June 2015; million and the remaining payment to be provided via a single • The Valuer General will assess the value of the land in payment once the land was valued or deferred payments as accordance with the requirements of the Act (section 4(3) the land is sold in individual lots after the subdivision. (b)); During the year, the Council determined that it will receive • The balance (i.e. $50 million less the land value) will be paid the balance of the consideration as deferred contingent to the Town in cash in the 2016/17 financial year; and consideration. Subsequently, the land was transferred to LandCorp to prepare the outline development plan and seek

46 Town of Cambridge Annual Report 2015-2016 approval from Western Australian Planning Commission in Competitive Neutrality accordance with the agreement. This principle deals with ensuring that government business The business plan contemplates sales of $40 million, operations do not have any advantage or disadvantage in development costs and selling expenses of $10 million and comparison to the private sector. In the period under notice, a net return of $30 million. The Town’s share of this notional no activities undertaken by the Town were classified as either amount is 60% or $18 million, of which $5 million has already a Public Trading Enterprise or a Public Financial Enterprise. been received. During the reporting period no allegations of non-compliance with the principles of Competitive Neutrality were received. Exempt Land Transactions Bold Park Aquatic Centre SUMMARY 2015/2016 Operational Revenues 1,147,699 There were no exempt land transactions undertaken during Operational Expenses 1,936,321 the 2015/2016 financial year. Notional Return (788,622) Less Advantages (1,473,315) Statutory Compliance Plus Disadvantages 123,977 Non Commercial Services (2,137,959) Freedom of Information Act (1992) The Town complies with the Freedom of Information Act Wembley Golf Course SUMMARY 2015/2016 1992. The Town’s Freedom of Information Statement, Operational Revenues 6,908,375 reviewed in November 2013 in accordance with provisions of Operational Expenses 6,116,315 the Act, is available on the website for public inspection. Notional Return 792,060 Six valid Freedom of Information applications were received Less Advantages (934,941) during the 2015/2016 period. Seven applications, including Plus Disadvantages 325,150 one carried over from the previous calendar year, were Estimated Return 182,269 finalised during this period. Of the seven requests, two applicants received edited access, three received full access, another was refused access, and one withdrew their request. Local Laws The Local Government Act 1995 requires all of the Town’s Local Laws be reviewed every eight years. Local Laws are Compliance with the State Records Act also revised periodically on a needs basis. As part of this The Town complies with the State Records Act 2000. The process Local Law amendments are assessed against National Town’s Record Keeping Plan, a requirement of the Act, is in Competition Policy principles where appropriate. The process its third revision. It was given a five year approval by the State of reviewing the Local Laws was undertaken in 2015/2016. Records Commission on 31 May 2013. All communications to and from the Town are registered into the corporate electronic document management system Employees Remuneration ensuring an important information source is secure and Number of employees of the Council, in bands of $10,000, accessible to all staff. Incoming correspondence registration entitled to an annual cash salary of $100,000 or more. (Council) and response is monitored by progress reports generated at the end of each month from the document management Salary Range 30 June 30 June system. During the last financial year staff registered a total of 2015 2016 158,065 documents to the corporate system. $100,000 - $109,999 7 3 New employees are provided with in-house assistance to $110,000 - $119,999 5 6 ensure they understand their record keeping obligations and responsibilities. Records management support is available to $120,000 - $129,999 2 all staff through regularly updated user guides and manuals $130,000 - $139,999 1 on the Town’s intranet, and from experienced administration staff. Systems are also in place to record Elected Member $150,000 - $159,999 1 1 emails. $160,000 - $169,999 4 2 $170,000 - $179,999 2 National Competition Policy $180,000 - $189,999 1 1* National Competition Policy is a whole of government $230,000 - $239,999 1 approach to bring about reform in the public sector to encourage government to become more competitive. Local $240,000 - $249,999 1 government is affected mainly where it operates significant 19 19 business activities, which compete or could compete with private enterprise and where local laws unnecessarily affect * Temporary appointment competition. The annual cash salary, as outlined above, is exclusive of superannuation, car allowances and any other form of allowance or payments made to employees as part of their remuneration.

Statutory Compliance and Civic Responsibilities 47 About our Town SQUARE The Town of Cambridge, in Perth’s western suburbs, is AREA 22 KILOMETRES located about eight kilometres from Perth CBD. Cambridge, once an ancient land covered by water, has the limestone ridges and outcrops which over time have formed some of the Town’s most spectacular features including Bold Regional Park, Lake Monger and the Quarry Amphitheatre. ESTABLISHED Today, Cambridge covers 22 square kilometres and 1 JULY 1994 has a population of 28,250 (ABS ERP 2015). There are over 10,000 residential properties in the Town, which is noted for its regional parks and recreational, sporting and outdoor lifestyle. Formed on 1 July 1994, after the State Government restructured the former City of Perth, the Town is named after Cambridge University in England. It is bordered by the cities of Vincent, Perth, Subiaco Nedlands and Stirling POPULATION 28,250 and contains the suburbs of City Beach, Floreat, Wembley, ABS ERP 2015 West Leederville, and parts of Jolimont, Mount Claremont and Wembley Downs. The Town is home to many places of interest, including Lake Monger Reserve, Bold Regional Park, Wembley Golf Course, City Beach, Floreat Beach, Bold Park Aquatic Centre, Perry Lakes Reserve and the Quarry Amphitheatre. NUMBER OF ELECTORS 17,856 as at October 2015 Elections Our logo

Our logo is representative of what makes the Town of Cambridge unique. Thoughtfully produced, the logo contains elements and colours which are quintessentially West Australian and relevant to the Cambridge lifestyle. RATEABLE • The swan represents our state of Western Australia, and in PROPERTIES 11,265 particular our very own Lake Monger. as at 30 June 2016 • The graceful arc of the swan’s neck, integrated with the letter C symbolises the Town of Cambridge. • The Swan is centred in a diamond that indicates prosperity. • The upper green triangle denotes our beautiful parks with the peak representing Reabold Hill. NUMBER OF WEMBLEY • The lower blue triangle represents our ocean and lakes. WARDS 2 AND COAST • On a broader scale, the colours of blue and green represent strength and reliability. Although contemporary in design, the Town’s logo retains a classic appeal. NUMBER OF ELECTED MEMBERS 1 MAYOR 8 COUNCILLORS

48 Town of Cambridge Annual Report 2015-2016 Tourist

AREA OF PARKS, Attractions GARDENS AND RESERVES 474 HECTARES LAKE MONGER, PERRY LAKES, REABOLD HILL, BOLD PARK, CITY BEACH, FLOREAT BEACH, QUARRY AMPHITHEATRE, WEMBLEY GOLF COURSE (36 HOLES); BOLD PARK AQUATIC, PERRY LAKES SKATE PARK BEACHES AND COASTAL DUNES 4.5 KILOMETRES Local

CITY BEACH, FLOREAT, WEMBLEY, WEST Industry LEEDERVILLE, AND PARTS OF JOLIMONT, MOUNT COMMERCIAL SHOPPING AREAS, SUBURBS AND CLAREMONT, DAGLISH LOCALITIES 8 AND WEMBLEY DOWNS MEDICAL SERVICES $43,5 M 2015/2016 actual CITIES OF VINCENT, STIRLING, PERTH, OPERATING REVENUE BOUNDARIES 5 NEDLANDS AND SUBIACO $23,5 M 2015/2016 actual LENGTH OF RATE REVENUE SEALED ROADS 194 KILOMETRES $44,1 M 2015/2016 actual NUMBER OF EMPLOYEES 197 30 JUNE 2016 OPERATING EXPENDITURE $31 M DISTANCE KILOMETRES 2015/2016 actual FROM PERTH 8 WEST OF THE PERTH GPO CAPITAL EXPENDITURE

About our Town 49 Annual Financial Report For the Year Ended 30 June 2016

50 Town of Cambridge Annual Report 2015-2016 Independent Auditor’s Report �� 52

Statement of Chief Executive Officer �� 53

Statement of Comprehensive Income by Program �� 54

Statement of Comprehensive Income by Nature or Type �� 55

Statement of Financial Position �� 56

Statement of Changes in Equity �� 57

Statement of Cash Flows �� 58

Rate Setting Statement �� 59

Notes to and Forming Part of the Financial Report �� 60

Note 1: Significant Accounting Policies �� 60

Note 2: Component Functions/Activities �� 68

Note 3: Assets Classified by Function And Activity �� 68

Note 4: Depreciation �� 69

Note 5: Conditions Over Contributions �� 69

Note 6: Trade And Other Receivables �� 70

Note 7: Other Assets �� 70

Note 8: Inventories �� 70

Note 9: Cash and Cash Equivalents �� 70

Note 10: Trade and Other Payables �� 71

Note 11: Provisions �� 71

Note 12: Borrowings �� 71

Note 13: Property, Plant and Equipment, Infrastructure Assets �� 74

Note 14: Reserves and Cambridge endowment account �� 77

Note 15: Asset Revaluation Surplus �� 79

Note 16: Notes to the Statement of Cash Flows �� 79

Note 17: Superannuation �� 80

Note 18: Contingent Liabilities �� 80

Note 19: Capital and Leasing Commitments �� 80

Note 20: Fees and Charges Program �� 80

Note 21: Grants, Subsidies and Contributions �� 82

Note 22: Disposal of Assets and Land Held For Resale �� 82

Note 23: Statement of Rating Information �� 83

Note 24: Trust Funds �� 84

Note 25: Employee Numbers �� 84

Note 26: Members of Council Remuneration �� 84

Note 27: Subsequent Events �� 84

Note 28: Major Land Transactions �� 85

Note 29: Major Trading Undertaking �� 85

Note 30: Other Financial Assets �� 87

Note 31: Investment In Regional Councils – Joint Venture �� 87

Note 32: Budget Comparison – Non-Operating �� 89

Note 33: Economic Dependency �� 89

Note 34: Financial Risk Management �� 89

Note 35: Auditors Remuneration �� 92

Note 36: Financial Ratios of Accounts �� 92

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52 Town of Cambridge Annual Report 2015-2016 STATEMENT OF CHIEF EXECUTIVE OFFICER EXECUTIVE CHIEF OF STATEMENT STATEMENT BY CHIEF EXECUTIVE OFFICER CHIEF EXECUTIVE BY STATEMENT Town of Cambridge, being The attached financial report of the the annual financial report and supporting notes other are, in my information for the financial year ended 30 June 2016, opinion, properly drawn up to present fairly the financial position and the results of its of Cambridge at 30 June 2016 of the Town operations for the financial year then ended in accordance with Standards and comply with the provisions ofAustralian Accounting 1995 and the regulations under that Act. Government Act the Local Signed on the date 25th October 2016 BUCKLEY JASON OFFICER CHIEF EXECUTIVE

(CONTINUED)

during the course of my audit become aware of any instance where the Council the Council where instance of any aware become of audit my course the during

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ttutor oie did not T T T TT T ccountants Chartered illgroe did not comply with the reuirements of the ocal oernment ct and ocal ocal and ct oernment the ocal of reuirements the with did not comply financial the to relate they as egulations anagement inancial oernment statements INDEPENDENT AUDITOR’S REPORT REPORT INDEPENDENT AUDITOR’S

Independent Auditor’s Report 53 54

Town ofCambridge AnnualReport 2015-2016 STATEMENT OF COMPREHENSIVE INCOME BY PROGRAM FOR THE YEAR ENDED 30 JUNE 2016

2016 2016 2015 2016 2016 2015 Actual Budget Actual Actual Budget Actual Note $ $ $ Note $ $ $ REVENUE General Purpose Funding 25,067,825 25,023,000 25,433,076 Grants and Subsidies - Non Operating Governance 122,791 75,000 121,179 Law, Order and Public Safety 525,000 525,000 1,375,000 Law, Order and Public Safety 145,764 128,500 164,628 Education and Welfare - 10,000 6,646 Health 99,851 71,500 77,870 Community Amenities 190,000 276,000 562,572 Education and Welfare 1,128,634 1,142,500 1,100,978 Recreation and Culture 959,013 1,770,500 374,090 Community Amenities 2,703,718 2,729,000 2,817,368 Transport 1,435,493 2,219,500 1,113,013 Recreation and Culture 9,516,229 9,568,000 9,181,733 Other Property and Services 27,363,636 - - Transport 2,223,307 2,193,000 2,148,117 21 30,473,142 4,801,000 3,431,321 Economic Services 440,552 560,000 500,544 Disposal of Assets Other Property and Services 2,051,246 1,374,000 220,529 Gain on Disposal of Assets 4,742,379 2,627,000 6,261,980 43,499,917 42,864,500 41,766,022 Loss on Disposal of Assets (284,485) (138,500) (1,054,164) Expenses Excluding Finance Costs 4,457,894 2,488,500 5,207,816 General Purpose Funding 623,507 595,000 575,735 22 Governance 1,799,172 1,783,500 1,756,704 Change in Equity - Joint Ventures Law, Order and Public Safety 1,739,217 1,656,000 1,435,864 Other Property and Services 31 256,623 - 2,681,147 Health 553,260 531,000 568,040 Education and Welfare 1,775,772 1,743,500 1,723,323 Fair Value Adjustments to Financial Assets at Community Amenities 6,344,404 6,427,000 5,884,899 fair value through proﬁ t or loss Recreation and Culture 18,493,704 18,880,500 17,334,329 General Purpose Funding 30 (45,959) - 88,720 Transport 8,764,699 7,657,000 8,221,307 Economic Services 574,200 619,500 551,212 Decrement on Revaluation of Assets Other Property and Services 2,967,658 2,652,500 2,562,503 Other Property and Services 13 (130,913) - - 43,635,593 42,545,500 40,613,916 34,390,103 7,104,500 12,118,125 Finance Costs NET RESULT Governance 2,179 2,500 3,400 Other Comprehensive Income Recreation and Culture 435,565 448,000 400,165 Changes on revaluation of non current assets 15 (3,643,301) - 22,697,765 Other Property and Services 47,264 53,500 39,420 12 485,008 504,000 442,985 TOTAL COMPREHENSIVE INCOME 30,746,802 7,104,500 34,815,890 Operating Result (620,684) (185,000) 709,121

This Statement should be read in conjunction with the accompanying notes. STATEMENT OF COMPREHENSIVE INCOME BY PROGRAM FOR THE YEAR ENDED 30 JUNE 2016

This Statement should be read in conjunction with the accompanying notes.

STATEMENT OF COMPREHENSIVE INCOME BY NATURE OR TYPE FOR THE YEAR ENDED 30 JUNE 2016

2016 2016 2015 2016 2016 2015 Actual Budget Actual Actual Budget Actual Note $ $ $ Note $ $ $ Revenue Non Operating Grants, Subsidies 21 30,473,142 4,801,000 3,431,321 Rates 23 23,470,651 23,396,500 22,194,672 and Contributions Operating Grants, Subsidies and Contributions 21 2,301,028 2,553,500 3,371,207 Fees & Charges 20 15,175,626 15,532,500 13,938,796 Disposal of Assets Interest Earnings 1,048,765 1,057,000 1,682,682 Gain on Disposal of Assets 4,742,379 2,627,000 6,261,980 Other Revenue/Income 1,503,847 325,000 578,665 Loss on Disposal of Assets (284,485) (138,500) (1,054,164) 43,499,917 42,864,500 41,766,022 22 4,457,894 2,488,500 5,207,816

Expenses Excluding Finance Costs Change In Equity - Joint Ventures 31 256,623 - 2,681,147 Employee Costs 18,232,752 17,893,100 16,907,453 Materials & Contracts 14,955,806 14,767,800 14,202,022 Fair Value Adjustments to Financial Assets at Utilities 1,560,722 1,740,300 1,487,358 fair value through proﬁ t or loss 30 (45,959) - 88,720 Insurance 418,066 509,500 468,345 Other Expenditure 672,175 640,800 640,722 Decrement on Revaluation of Assets 13 (130,913) - - Depreciation on Non-current Assets 4 7,796,072 6,994,000 6,908,016 43,635,593 42,545,500 40,613,916 NET RESULTS 34,390,103 7,104,500 12,118,125 Finance Costs Interest Expenses 12 485,008 504,000 442,985 Changes on revaluation of non current assets 15 (3,643,301) - 22,697,765 485,008 504,000 442,985

Statement ofComprehensive Income TOTAL COMPREHENSIVE INCOME 30,746,802 7,104,500 34,815,890

Operating Result (620,684) (185,000) 709,121

This Statement should be read in conjunction with the accompanying notes. 55 56

Town ofCambridge AnnualReport 2015-2016 STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2016

2016 2015 2016 2015 Actual Actual Actual Actual Note $ $ Note $ $ CURRENT ASSETS CURRENT LIABILITIES Cash and Cash Equivalents 9 17,186,154 32,544,972 Trade and Other Payables 10 6,644,755 6,618,155 Trade and Other Receivables 6 1,965,335 1,820,948 Provisions Current 11 2,646,019 2,421,762 Other 7 22,582 105,329 Borrowings 12 1,766,817 590,485 Inventories 8 28,167,430 513,297 Total Current Liabilities 11,057,591 9,630,402 Total Current Assets 47,341,501 34,984,546 NON-CURRENT LIABILITIES NON-CURRENT ASSETS Provisions Non-Current 11 319,243 321,690 Trade and Other Receivables 6 300,675 361,607 Borrowings 12 11,982,701 12,624,518 Property, Plant and Equipment and Infrastructure 13 304,119,804 285,143,323 Total Non-Current Liabilities 12,301,944 12,946,208 Financial Assets 30 541,829 641,707 Investments 31 9,520,230 9,163,129 TOTAL LIABILITIES 23,359,535 22,576,610 Total Non-Current Assets 314,482,538 295,309,766

NET ASSETS 338,464,504 307,717,702 TOTAL ASSETS 361,824,039 330,294,312 EQUITY Retained Surplus 240,954,710 191,251,736 Reserves - Cash/Investment Backed 14 7,490,438 22,803,309 Revaluation Surplus 15 90,019,356 93,662,657

TOTAL EQUITY 338,464,504 307,717,702

This Statement should be read in conjunction with the accompanying notes. STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2016

TOTAL EQUITY 338,464,504 307,717,702

This Statement should be read in conjunction with the accompanying notes.

STA TEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 JUNE 2016

Reserves Cambridge Retained Cash / Investment Endowment Revaluation Total Surplus Backed Land Account Surplus Equity Note $ $ $ $ $ Balance as at 1 July 2014 170,276,406 4,041,162 27,619,352 70,964,892 272,901,812 Net Result 12,118,125 - - - 12,118,125 Total Other Comprehensive Income - - - 22,697,765 22,697,765 Transfer from/(to) Reserves/ELA 8,857,205 1,727,263 (10,584,468) - - Balance as at 30 June 2015 14 191,251,736 5,768,425 17,034,884 93,662,657 307,717,702 Net Result 34,390,103 - - - 34,390,103 Total Other Comprehensive Income - - - (3,643,301) (3,643,301) Transfer from/(to) Reserves/ELA 15,312,871 965,573 (16,278,444) - - Balance as at 30 June 2016 14 240,954,710 6,733,998 756,440 90,019,356 338,464,504 Statement ofChangesin Equity

This Statement should be read in conjunction with the accompanying notes. 57 58

Town ofCambridge AnnualReport 2015-2016 STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2016

2016 2016 2015 2016 2016 2015 Actual Budget Actual Actual Budget Actual Note $ $ $ Note $ $ $ Cash Flows From Operating Activities Payments Receipts Purchase of Investment (30,014) (2,983,000) (21,063) Rates 23,482,360 23,396,500 22,214,872 Purchase of Land Held for Resale (22,337) - (26,135) Grants and subsidies and contributions (operating) 2,198,534 2,333,500 2,932,639 Purchase of Infrastructure Assets (5,843,928) (12,271,000) (6,099,029) Service charges - 2,000 3,118 Purchase of Land and Buildings (11,761,689) (23,751,000) (962,162) Fees and charges 17,034,980 15,744,500 15,941,039 Purchase of Ofﬁ ce Furniture and Equipment (825,019) (1,612,000) (643,733) Interest received 1,393,114 1,332,500 1,858,278 Purchase of External Plant and Equipment (402,388) (1,013,500) (637,107) Goods and Services Tax Refund 2,906,446 680,000 2,330,156 Work in progress 13 (12,151,629) (3,000,000) (17,870,419) Other revenue/income 1,549,806 882,500 661,794 (31,037,004) (44,630,500) (26,259,648) 48,565,240 44,371,500 45,941,896 Payments Net Cash from/(used in) Investing Activities (23,233,840) (34,938,500) (15,222,789) Employee expenses (17,683,544) (17,723,800) (16,711,512) Materials and contracts (20,272,883) (14,066,200) (16,774,203) Receipts Utilities (1,560,722) (2,474,600) (1,487,358) Proceeds from borrowing 1,125,000 2,000,000 34,177 Insurance (418,066) (384,400) (468,345) Increase/(Decrease) in Deposits and Bonds 165,453 (100,000) (132,803) Interest Paid (736,837) (779,500) (456,194) Other expenditure (718,134) (944,000) (640,718) 1,290,453 1,900,000 (98,626) Payments (41,390,186) (36,372,500) (36,538,330) Repayment of borrowings (590,485) (588,500) (1,138,925)

Net Cash Provided By Operating Activities 16 7,175,054 7,999,000 9,403,566 (590,485) (588,500) (1,138,925)

Cash Flows From Investing Activities Net Cash from/(used in) Financing Activities 699,968 1,311,500 (1,237,551) Receipts Grants/Contributions for development of Assets 3,109,506 4,801,000 3,431,321 Net Increase/(Decrease) in Cash Held (15,358,818) (25,628,000) (7,056,774) Repayment of investments from Tamala Park 1,249,999 - 2,583,334 Proceeds from Investments Matured 53,919 - 74,258 Cash and cash equivalents 32,544,972 32,598,300 39,601,746 Sale of land 3,188,965 4,816,000 4,655,368 at the Beginning of the Year Sale of external plant and equipment 200,775 75,000 292,578 Cash and cash equivalents at the End of the Year 16 17,186,154 6,970,300 32,544,972 7,803,164 9,692,000 11,036,859

This Statement should be read in conjunction with the accompanying notes. STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2016

Net Cash Provided By Operating Activities 16 7,175,054 7,999,000 9,403,566 (590,485) (588,500) (1,138,925)

This Statement should be read in conjunction with the accompanying notes.

RATE SETTING STATEMENT FOR THE YEAR ENDED 30 JUNE 2016

2016 2015 2016 2015 Actual Actual Actual Actual Note $ $ Note $ $

Revenue Less Capital Program General Purpose Funding 1,597,174 3,358,104 Purchase of Buildings (11,761,689) (962,162) Governance 122,791 121,179 Purchase of Furniture and Equipment (825,019) (643,733) Law, Order and Public Safety 145,764 164,628 Purchase of Plant and Equipment (402,388) (637,107) Health 99,851 77,870 Education and Welfare 1,128,634 1,100,978 Purchase of Infrastructure Community Amenities 2,703,718 2,817,368 - Parks and Reserves (1,227,649) (1,887,693) Recreation and Culture 9,516,229 9,222,232 - Roads and Lanes (3,466,013) (1,830,345) Transport 2,223,307 2,148,117 - Drainage (490,916) (709,978) Economic Services 440,552 500,544 - Footpaths (600,590) (1,604,368) Other Property and Services 2,307,869 2,901,677 - Bus Shelter (58,760) (66,644) Total Revenue 20,285,889 22,412,697 - Work in Progress (12,151,629) (17,870,419) Less: Expenditure Land Development Costs Capitalised (30,014) (26,135) General Purpose Funding (669,466) (575,735) Investment in Mindarie Regional Council 31 (22,337) (21,063) Governance (1,801,351) (1,780,603) Repayment of Debt Principal (590,485) (1,138,925) Law, Order and Public Safety (1,739,217) (1,435,864) Transfers to Reserve (4,584,178) (5,172,205) Health (553,260) (568,040) Transfers to Endowment Lands Account (3,806,401) (5,512,817) Education and Welfare (1,775,772) (1,747,581) Community Amenities (6,344,404) (5,880,641) (40,018,068) (38,083,594) Recreation and Culture (18,929,269) (17,754,946) Transport (8,764,699) (8,221,307) Add: Capital Revenue Economic Services (574,200) (551,212) Contribution for the development of assets 3,109,506 3,431,321 Other Property and Services (3,014,920) (2,601,923) Proceeds from sale of assets 3,389,740 4,947,946 Repayment of investment in Tamala Park 31 1,249,999 2,583,334 Total Expenditure (44,166,558) (41,117,852) 7,749,245 10,962,601 Net (23,880,669) (18,705,155) Plus: Funding Sources Add Non Cash Expenditure Transfer from Reserve Funds 3,618,604 3,444,943 Provision for Employee Entitlements (Non Current) 11 (2,447) (5,375) Rate Setting Statement Transfer from Endowment Lands Account 20,084,845 16,097,285 Adjustment deferred rates (Non Current) 6 60,931 35,401 Loans 12 1,125,000 - Depreciation 4 7,796,072 6,908,016 Opening Funds 3,636,000 3,522,897 Interest Capitalised Against Land ( Southport) - 34,177 Less: Closing Funds (3,429,500) (3,636,000) Revaluation Emerald Security 30 45,959 (88,720) Investment in Tamala Park 31 (15,717) (602,307) 25,034,949 19,429,125 Investment in Mindarie Regional Council 31 (240,906) (2,078,840) (23,470,651) (22,194,671) 7,643,892 4,202,352 Amount Required to be Raised from Rates

This Statement should be read in conjunction with the accompanying notes. 59 60

Cash fl ows are presented on a gross basis. The GST components of cash fl ows arising from Town ofCambridge AnnualReport 2015-2016 1. Signifi c ant accounting policies investing or fi nancing activities which are recoverable from, or payable to, the ATO are presented as operating cash fl ows. (a) Basis of Preparation The fi nancial report comprises general purpose fi nancial statements which has been (d) Property, Plant and Equipment prepared in accordance with Australian Accounting Standards (as they apply to local Each class of fi xed assets within either property, plant and equipment or infrastructure is governments and not for profi t entities), Australian Accounting Interpretations, other carried at cost or fair value as indicated less, where applicable, any accumulated depreciation authoritative pronouncements of the Australian Accounting Standards Board, the Local and impairment losses. Government Act 1995 and accompanying regulations. Material accounting policies which have been adopted in preparation of this fi nancial report are presented below and have been (i) Capitalisation of Non-Current Assets consistently applied unless stated otherwise. Fixed assets other than infrastructure assets are capitalised if the cost exceeds $1,000. Except for cash fl ow and rate setting statement information, the report has been prepared Infrastructure assets are capitalised if the cost or valuation exceeds the following for each on the accrual basis and is based on historical costs, modifi ed, where applicable, by the type of infrastructure. measurement at fair value of selected non-current assets, fi nancial assets and liabilities. Parks and Reserves $10,000 Critical Accounting Estimates Roads and Lanes $10,000 The preparation of a fi nancial report in conformity with Australian Accounting Standards Drainage $10,000 requires management to make judgements, estimates and assumptions that affect the Footpaths $2,000 application of policies and reported amounts of assets and liabilities, income and expenses. Bus Shelters $2,000 The estimates and associated assumptions are based on historical experience and various Underpasses $10,000 other factors that are believed to be reasonable under the circumstances; the results of which form the basis of making judgements about carrying values of assets and liabilities that are The Chief Executive Offi cer or nominee has discretion to capitalise assets with a value of not readily apparent from other sources. Actual results may differ from these estimates. $1,000 or less having regard to the nature of the item. (ii) Depreciation (b) The Local Government Reporting Entity The depreciable amount of all fi xed assets including buildings but excluding freehold All Funds through which the Town controls resources to carry on its functions have been land, are depreciated on a straight line basis over the individual asset’s useful life from included in the fi nancial statements forming part of this fi nancial report. the time the asset is held ready for use. Leasehold improvements are depreciated over In the process of reporting on the local government as a single unit, all transactions and the shorter of either the unexpired period of the lease or the estimated useful life of balances between those Funds (for example, loans and transfers between Funds) have been improvements. eliminated. When an item of property, plant and equipment is revalued, any accumulated All monies held in the Trust Fund are excluded from the fi nancial statements. A separate depreciation at the date of revaluation is treated in one of the following ways: statement of those monies appears at Note 24 of these fi nancial statements. (a) Restated proportionately with the change in the gross carrying amount of the asset so that the carrying amount of the asset after revaluation equals its revalued amount; or (c) Goods and Services Tax (b) Eliminated against the gross carrying amount of the asset and the net amount Revenues, expenses and assets are recognized net of the amount GST, except where the restated to the revalued amount of the asset. amount of GST incurred is not recoverable from the Australian Taxation Offi ce (ATO). Major depreciation periods used for each class of depreciation assets are: Receivables or payables are stated inclusive of GST receivable or payable. The net amount of GST recoverable from or payable to the ATO is included with receivables or payables in the statement of fi nancial position.

CATEGORY USEFUL LIFE DEPRECIATION RATE (iv) Land Under Control In accordance with Local Government (Financial Management) Regulation 16(a), the Buildings 25-50 Years 4%-2% Town was required to include as an asset (by 30 June 2013), Crown Land operated by the local government as a golf course, showground, racecourse or other sporting or Offi ce Furniture and Equipment 3-10 Years 33.3%-10% recreational facility of State or regional signifi cance. Town has no such assets on Crown Land with the Wembley Golf Course owned freehold. Plant and Equipment 3-10 Years 33.3%-10% (v) Revaluation Increases in the carrying amount arising on revaluation of assets are credited to a Infrastructure revaluation surplus in equity. Decreases that offset previous increases of the same asset - Parks and Reserves 10-40 Years 10%-2.5% are recognised against the revaluation surplus directly in equity. All other decreases are - Roads and Lanes 10-80 Years 10%-1.25% recognised in profi t or loss. - Drainage 30-100 Years 3.3%-1% (vi) Initial Recognition and Measurement between mandatory revaluation dates - Footpaths 15-80 Years 6.6%-1.25% - Bus Shelters 15-50 Years 6.6%-2% All assets are initially recognised at cost and subsequently revalued in accordance with The asset’s residual values and useful lives are reviewed and adjusted if appropriate, at the mandatory measurement framework detailed above. the end of each reporting period. In relation to this initial measurement, cost is determined as the fair value of the assets An asset’s carrying amount is written down immediately to its recoverable amount if the given as consideration plus costs incidental to the acquisition. For assets acquired at asset’s carrying amount is greater than its estimated recoverable amount. no cost or for nominal consideration, cost is determined as fair value at the date of acquisition. The cost of non-current assets constructed by the Town includes the cost Gains and losses on disposals are determined by comparing proceeds with the carrying of all materials used in construction, direct labour on the project and an appropriate amount. These gains and losses are included in the Statement of Comprehensive Income proportion of variable and fi xed overheads. in the period in which they arise. Individual assets acquired between initial recognition and the next revaluation of the asset When revalued assets are disposed of, amounts included in the revaluation surplus class in accordance with the mandatory measurement framework detailed above, are relating to that asset are transferred to retained surplus. carried at cost less accumulated depreciation as management believes this approximates fair value. They will be subject to subsequent revaluation at the next anniversary date in (iii) Mandatory Requirement to Revalue Non-Current Assets accordance with the mandatory measurement framework detailed above. Effective from 1 July 2012, the Local Government (Financial Management) Regulations were amended and the measurement of non-current assets at Fair Value became (e) Intangible Assets mandatory. Easements During the year ended 30 June 2013, the Town commenced the process of adopting Fair Value in accordance with the Regulations. Whilst the amendments initially allowed for a Regulation 16 of the Local Government (Financial Management) Regulations 1996 requires phasing in of fair value in relation to fi xed assets over three years, as at 30 June 2015 all easements to be recognised as assets. non current assets were carried at Fair Value in accordance with the requirements. The Town has determined that under AASB 138 Intangible Assets, easements are valued on a Thereafter, each asset class must be revalued in accordance with the regulatory historical basis, because it is unlikely that an active market in easements exists to allow for fair framework established and the Town revalues its asset classes in accordance with this value measurement. Due to acquisition of easements at nil values, no easements have been mandatory timetable. included in the fi nancial report.

Relevant disclosures, in accordance with the requirements of Australian Accounting (f) Land Under Roads Standards, have been made in the fi nancial report as necessary. In Western Australia, all land under roads is Crown Land, the responsibility for managing this is vested in the local government. CATEGORY USEFUL LIFE DEPRECIATION RATE (iv) Land Under Control In accordance with Local Government (Financial Management) Regulation 16(a), the Buildings 25-50 Years 4%-2% Town was required to include as an asset (by 30 June 2013), Crown Land operated by the local government as a golf course, showground, racecourse or other sporting or Offi ce Furniture and Equipment 3-10 Years 33.3%-10% recreational facility of State or regional signifi cance. Town has no such assets on Crown Land with the Wembley Golf Course owned freehold. Plant and Equipment 3-10 Years 33.3%-10% (v) Revaluation Increases in the carrying amount arising on revaluation of assets are credited to a Infrastructure revaluation surplus in equity. Decreases that offset previous increases of the same asset - Parks and Reserves 10-40 Years 10%-2.5% are recognised against the revaluation surplus directly in equity. All other decreases are - Roads and Lanes 10-80 Years 10%-1.25% recognised in profi t or loss. - Drainage 30-100 Years 3.3%-1% (vi) Initial Recognition and Measurement between mandatory revaluation dates - Footpaths 15-80 Years 6.6%-1.25% - Bus Shelters 15-50 Years 6.6%-2% All assets are initially recognised at cost and subsequently revalued in accordance with The asset’s residual values and useful lives are reviewed and adjusted if appropriate, at the mandatory measurement framework detailed above. the end of each reporting period. In relation to this initial measurement, cost is determined as the fair value of the assets An asset’s carrying amount is written down immediately to its recoverable amount if the given as consideration plus costs incidental to the acquisition. For assets acquired at asset’s carrying amount is greater than its estimated recoverable amount. no cost or for nominal consideration, cost is determined as fair value at the date of acquisition. The cost of non-current assets constructed by the Town includes the cost Gains and losses on disposals are determined by comparing proceeds with the carrying of all materials used in construction, direct labour on the project and an appropriate amount. These gains and losses are included in the Statement of Comprehensive Income proportion of variable and fi xed overheads. in the period in which they arise. Individual assets acquired between initial recognition and the next revaluation of the asset When revalued assets are disposed of, amounts included in the revaluation surplus class in accordance with the mandatory measurement framework detailed above, are

Notes to andFormingPart oftheFinancial Report relating to that asset are transferred to retained surplus. carried at cost less accumulated depreciation as management believes this approximates fair value. They will be subject to subsequent revaluation at the next anniversary date in (iii) Mandatory Requirement to Revalue Non-Current Assets accordance with the mandatory measurement framework detailed above. Effective from 1 July 2012, the Local Government (Financial Management) Regulations were amended and the measurement of non-current assets at Fair Value became (e) Intangible Assets mandatory. Easements During the year ended 30 June 2013, the Town commenced the process of adopting Fair Value in accordance with the Regulations. Whilst the amendments initially allowed for a Regulation 16 of the Local Government (Financial Management) Regulations 1996 requires phasing in of fair value in relation to ﬁ xed assets over three years, as at 30 June 2015 all easements to be recognised as assets. non current assets were carried at Fair Value in accordance with the requirements. The Town has determined that under AASB 138 Intangible Assets, easements are valued on a Thereafter, each asset class must be revalued in accordance with the regulatory historical basis, because it is unlikely that an active market in easements exists to allow for fair framework established and the Town revalues its asset classes in accordance with this value measurement. Due to acquisition of easements at nil values, no easements have been mandatory timetable. included in the ﬁ nancial report.

Effective as at 1 July 2008, Town elected not to recognise any value for land under roads acquired Level 2 Town ofCambridge AnnualReport 2015-2016 on or before 30 June 2008. This accords with the treatment available in Australian Accounting Measurements based on inputs other than quoted prices included in Level 1 that are Standard AASB 1051 Land Under Roads and the fact Local Government (Financial Management) observable for the asset or liability, either directly or indirectly. Regulation 16 (a)(i) prohibits local governments from recognising such land as an asset. Level 3 In respect of land under roads acquired on or after 1 July 2008, as detailed above, Local Government (Financial Management) Regulation 16(a)(i) prohibits local governments from Measurements based on unobservable inputs for the asset or liability. recognising such land as an asset. The fair values of assets and liabilities that are not traded in an active market are determined Whilst such treatment is inconsistent with the requirements of AASB 1051, Local using one or more valuation techniques. These valuation techniques maximise, to the extent Government (Financial Management) Regulation 4(2) provides, in the event of such an possible, the use of observable market data. If all signiﬁ cant inputs required to measure fair inconsistency, the Local Government (Financial Management) Regulations prevail. value are observable, the asset or liability is included in Level 2. If one or more signiﬁ cant Consequently, any land under roads acquired on or after 1 July 2008 is not included as an inputs are not based on observable market data, the asset or liability is included in Level 3. asset of the Town. Valuation techniques

(g) Fair Value of Assets and Liabilities The Town selects a valuation technique that is appropriate in the circumstances and for which suffi cient data is available to measure fair value. The availability of suffi cient and relevant When performing a revaluation, the Town uses a mix of both independent and management data primarily depends on the specifi c characteristics of the asset or liability being measured. valuations using the following as a guide: The valuation techniques selected by the Town are consistent with one or more of the Fair Value is the price that Town would receive to sell the asset or would have to pay following valuation approaches: to transfer a liability, in an orderly (ie unforced) transaction between independent, Market approach knowledgeable and willing market participants at the measurement date. Valuation techniques that use prices and other relevant information generated by market As fair value is a market-based measure, the closest equivalent observable market pricing transactions for identical or similar assets or liabilities. information is used to determine fair value. Adjustments to market values may be made having regard to the characteristics of the specifi c asset. The fair values of assets that are not Income approach traded in an active market are determined using one or more valuation techniques. These Valuation techniques that convert estimated future cash fl ows or income and expenses into a valuation techniques maximise, to the extent possible, the use of observable market data. single discounted present value. To the extent possible, market information is extracted from either the principal market for Cost approach the asset or liability (i.e. the market with the greatest volume and level of activity for the asset or liability) or, in the absence of such a market, the most advantageous market available to the Valuation techniques that refl ect the current replacement cost of an asset at its current entity at the end of the reporting period (i.e. the market that maximises the receipts from the service capacity. sale of the asset after taking into account transaction costs and transport costs). Each valuation technique requires inputs that refl ect the assumptions that buyers and For non-fi nancial assets, the fair value measurement also takes into account a market sellers would use when pricing the asset or liability, including assumptions about risks. When participant’s ability to use the asset in its highest and best use or to sell it to another market selecting a valuation technique, the Town gives priority to those techniques that maximise participant that would use the asset in its highest and best use. the use of observable inputs and minimise the use of unobservable inputs. Inputs that are Fair Value Hierarchy developed using market data (such as publicly available information on actual transactions) and refl ect the assumptions that buyers and sellers would generally use when pricing the AASB 13 requires the disclosure of fair value information by level of the fair value hierarchy, asset or liability and considered observable, whereas inputs for which market data is not which categorises fair value measurement into one of three possible levels based on the lowest available and therefore are developed using the best information available about such level that an input that is signifi cant to the measurement can be categorised into as follows: assumptions are considered unobservable. Level 1 As detailed above, the mandatory measurement framework imposed by the Local Measurements based on quoted prices (unadjusted) in active markets for identical assets or Government (Financial Management) Regulations requires, as a minimum, all assets carried at liabilities that the entity can access at the measurement date. a revalued amount to be revalued at least every 3 years. (h) Rates, Grants, Donations and Other Contributions (k) Financial Instruments Rates, grants, donations and other contributions are recognised as revenues when the Town Initial Recognition and Measurement obtains control over the assets comprising the contributions. Financial assets and fi nancial liabilities are recognised when the Town becomes a party to the Control over assets acquired from rates is obtained at the commencement of the rating contractual provisions to the instrument. For fi nancial assets, this is equivalent to the date period or, where earlier, upon receipt of rates. that the Town commits itself to either the purchase or the sale of the asset (i.e. trade date accounting is adopted). Where contributions recognised as revenues during the reporting period were obtained on the condition that they are expended in a particular manner or used over a particular period, Financial instruments are initially measured at fair value plus transaction costs, except where and those conditions were undischarged as at the reporting date, the nature of and amounts the instrument is classifi ed ‘at fair value through profi t of loss’, in which case transaction pertaining to those undischarged conditions are disclosed in the notes accompanying the costs are expensed to profi t or loss immediately. fi nancial report. Classifi cation and Subsequent Measurement That note also discloses the amount of contributions recognised as revenues in a previous Financial instruments are subsequently measured at fair value, amortised cost using the reporting period which were obtained in respect of the Town’s operations for the current effective interest rate method, or cost. reporting period. Amortised cost is calculated as: (i) Cash and Cash Equivalents (a) the amount at which the fi nancial asset or fi nancial liability is measured at initial Cash and cash equivalents include cash on hand, cash at bank, deposits available on demand recognition; with banks and other short term highly liquid investments that are readily convertible to (b) less principal repayments and any reduction for impairment; and known amounts of cash and which are subject to an insignifi cant risk of changes in value and (c) plus or minus the cumulative amortisation of the difference, if any, between the amount bank overdrafts. initially recognised and the maturity amount calculated using the effective interest rate Bank overdrafts are reported as short term borrowings in current liabilities in the statement of method. fi nancial position. The effective interest method used is to allocate interest income or interest expense over the relevant period and is equivalent to the rate that discounts estimated future cash payments

Notes to andFormingPart oftheFinancial Report (j) Inventories or receipts (including fees, transaction costs and other premiums or discounts) through the General expected life (or when this cannot be reliably predicted, the contractual term) of the fi nancial instrument to the net carrying amount of the fi nancial asset or fi nancial liability. Revisions Inventories are measured at the lower of cost and net realisable value. to expected future net cash fl ows will necessitate an adjustment to the carrying value with a Net realisable value is the estimated selling price in the ordinary course of business less the consequential recognition of an income or expense in profi t or loss. estimated costs of completion and the estimated costs necessary to make the sale. (i) Financial assets at fair value through profi t and loss Land Held for Resale Financial assets are classifi ed at “fair value through profi t or loss” when they are held Land held for development and sale is valued at the lower of cost and net realisable value. for trading for the purpose of short-term profi t taking. Such assets are subsequently Cost includes the cost of acquisition, development, borrowing costs and holding costs until measured at fair value with changes in carrying amount being included in profi t or loss. completion of development. Finance costs and holding charges incurred after development Assets in this category are classifi ed as current assets. is completed are expensed. (ii) Loans and receivables Gains and losses are recognised in profi t or loss at the time of signing an unconditional contract of sale if signifi cant risks and rewards, and effective control over the land, are passed Loans and receivables are non-derivative fi nancial assets with fi xed or determinable on to the buyer at this point. payments that are not quoted in an active market and are subsequently measured at amortised cost. Gains or losses are recognised in profi t or loss. Loans and receivables Land held for resale is classifi ed as current except where it is held as non-current based on are included in current assets where they are expected to mature within 12 months after Town’s intentions to release for sale. the end of the reporting period. 63 64

(iii) Held-to-maturity investments allowance account is used to reduce the carrying amount of fi nancial assets impaired Town ofCambridge AnnualReport 2015-2016 by credit losses. After having taken all possible measures of recovery, if management Held-to-maturity investments are non-derivative fi nancial assets with fi xed maturities establishes that the carrying amount cannot be recovered by any means, at that point and fi xed or determinable payments that the Town has the positive intention and ability the written-off amounts are charged to the allowance account or the carrying amount to hold to maturity. They are subsequently measured at amortised cost. Gains or losses of impaired fi nancial assets is reduced directly if no impairment amount was previously are recognised in profi t or loss. recognised in the allowance account. Held-to-maturity investments are included in current assets where they are expected to Derecognition mature within 12 months after the end of the reporting period. All other investments are classifi ed as non-current. Financial assets are derecognised where the contractual rights to receipt of cash fl ows expire or the asset is transferred to another party whereby the Town no longer has any signifi cant (iv) Available-for-sale fi nancial assets continual involvement in the risks and benefi ts associated with the asset. Available-for-sale fi nancial assets are non-derivative fi nancial assets that are either not Financial liabilities are derecognised where the related obligations are discharged, cancelled suitable to be classifi ed into other categories of fi nancial assets due to their nature, or or expired. The difference between the carrying amount of the fi nancial liability extinguished they are designated as such by management. They comprise investments in the equity of or transferred to another party and the fair value of the consideration paid, including the other entities where there is neither a fi xed maturity nor fi xed or determinable payments. transfer of non-cash assets or liabilities assumed, is recognised in profi t or loss. They are subsequently measured at fair value with changes in such fair value (i.e. gains or losses) recognised in other comprehensive income (except for impairment losses). When (l) Impairment of Assets the fi nancial asset is derecognised, the cumulative gain or loss pertaining to that asset In accordance with Australian Accounting Standards the Town’s assets, other than inventories, previously recognised in other comprehensive income is reclassifi ed into profi t or loss. are assessed at each reporting date to determine whether there is any indication they may be Available-for-sale fi nancial assets are included in current assets, where they are expected impaired. to be sold within 12 months after the end of the reporting period. All other available-for- sale fi nancial assets are classifi ed as non-current. Where such an indication exists, an impairment test is carried out on the asset by comparing the recoverable amount of the asset, being the higher of the asset’s fair value less costs to sell (v) Financial liabilities and value in use, to the asset’s carrying amount. Non-derivative fi nancial liabilities (excluding fi nancial guarantees) are subsequently Any excess of the asset’s carrying amount over its recoverable amount is recognised measured at amortised cost. Gains or losses are recognised in profi t or loss. immediately in profi t or loss, unless the asset is carried at a revalued amount in accordance Impairment with another standard (e.g. AASB 116) whereby any impairment loss of a revalued asset is treated as a revaluation decrease in accordance with that other standard. A fi nancial asset is deemed to be impaired if, and only if, there is objective evidence of impairment as a result of one or more events (a “loss event”) having occurred, which has an For non-cash generating assets such as roads, drains, public buildings and the like, value in impact on the estimated future cash fl ows of the fi nancial asset(s). use is represented by the depreciated replacement cost of the asset. In the case of available-for-sale fi nancial assets, a signifi cant or prolonged decline in the (m) Leases market value of the instrument is considered a loss event. Impairment losses are recognised in profi t or loss immediately. Also, any cumulative decline in fair value previously recognised Leases of fi xed assets where substantially all the risks and benefi ts incidental to the in other comprehensive income is reclassifi ed to profi t or loss at this point. ownership of the asset, but not legal ownership, are transferred to the Town, are classifi ed as fi nance leases. In the case of fi nancial assets carried at amortised cost, loss events may include: indications that the debtors or a group of debtors are experiencing signifi cant fi nancial diffi culty, default Finance leases are capitalised recording an asset and a liability at the lower amounts equal or delinquency in interest or principal payments; indications that they will enter bankruptcy or to the fair value of the leased property or the present value of the minimum lease payments, other fi nancial reorganisation; and changes in arrears or economic conditions that correlate including any guaranteed residual values. Lease payments are allocated between the with defaults. reduction of the lease liability and the lease interest expense for the period. Leased assets are depreciated on a straight line basis over the shorter of their estimated useful lives or the For fi nancial assets carried at amortised cost (including loans and receivables), a separate lease term. Lease payments for operating leases, where substantially all the risks and benefi ts remain Superannuation Plan and an additional 5% to the City of Perth Superannuation Scheme with the lessor, are charged as expenses in the periods in which they are incurred. Lease where voluntary contributions are made by employees. incentives under operating leases are recognised as a liability and amortised on a straight line The Town contributions are charged against revenue in the fi nancial years to which the basis over the life of the lease term. payments relate. (n) Employee Benefi ts (o) Borrowing Costs (i) Leave Entitlements Borrowing costs are recognised as an expense when incurred except where they are directly Annual Leave and Long Service Leave (Short Term Benefi ts) attributable to the acquisition, construction or production of a qualifying asset. Where this is the case, they are capitalised as part of the cost of the particular asset until such time as the Provision is made for the Town’s obligations for short term employee benefi ts. Short asset is substantially ready for its intended use or sale. term employee benefi ts are benefi ts (other than termination benefi ts) that are expected to be settled wholly before 12 months after the end of the annual reporting period in (p) Trade and Other Payables which the employees render the related service, including wages, salaries and sick leave. Short term employee benefi ts are measured at the (undiscounted) amounts expected to Trade and other payables represent liabilities for goods and services provided to the Town be paid when the obligation is settled. prior to the end of the fi nancial year that are unpaid and arise when the Town becomes obliged to make future payments in respect of the purchase of these goods and services. The Town’s obligations for short term employee benefi ts such as wages, salaries and sick The amounts are unsecured, are recognised as a current liability and are normally paid within leave are recognised as a part of current trade and other payables in the Statement of thirty days of recognition. Financial Position. The Town’s obligations for employees’ annual leave and long service leave entitlements are recognised as provisions in the Statement of Financial Position. (q) Provisions Annual Leave and Long Service Leave (Long Term Benefi ts) Provisions are recognised when the Town has a present legal or constructive obligation as a Provision is made for employees’ long service leave and annual leave entitlements not result of past events; for which it is probable that an outfl ow of economic benefi ts will result expected to be settled wholly within 12 months after the end of the annual reporting and that outfl ow can be reliably measured. period in which the employees render the related service. Other long term employee Provisions are measured using the best estimate of the amounts required to settle the benefi ts are measured at the present value of the present value of the expected future Notes to andFormingPart oftheFinancial Report obligation at the end of the reporting period. payments to be made to employees. Expected future payments incorporate anticipated future wage and salary levels, durations or service and employee departures and are (r) Investments in Associates discounted at rates determined by reference to market yields at the end of the reporting period on government bonds that have maturity dates that approximate the terms of the An associate is an entity over which the Town has signifi cant infl uence. Signifi cant infl uence obligations. Any remeasurements for changes in assumptions of obligations for other is the power to participate in the fi nancial operating policy decisions of that entity but is not long term employee benefi ts are recognised in profi t or loss in the periods in which the control or joint control of those policies. Investments in associates are accounted for in the changes occur. fi nancial statements by applying the equity method of accounting, whereby the investment is initially recognised at cost and adjusted thereafter for the post-acquisition change in the The Town’s obligations for long term employee benefi ts are presented as non-current Town’s share of net assets of the associate. In addition, the Town’s share of the profi t or loss provisions in its Statement of Financial Position, except where the Town does not have of the associate is included in the Town’s profi t or loss. an unconditional right to defer settlement for at least 12 months after the end of the reporting period, in which case the obligations are presented as current provisions. The carrying amount of the investment includes, where applicable, goodwill relating to the associate. Any discount on acquisition, whereby the Town’s share of the net fair value of the (ii) Superannuation associate exceeds the cost of investment, is recognised in profi t or loss in the period in which The Town meets the statutory requirements of the Superannuation Guarantee Act by the investment is acquired. contributing the minimum 9.50% to the WA Local Government Superannuation Plan or Profi ts and losses resulting from transactions between the Town and the associate are the City of Perth Superannuation Scheme depending on the employee’s membership eliminated to the extent of the Town’s interest in the associate. status. The Town also contributes an additional 5% to the WA Local Government 65 66

When the Town’s share of losses in an associate equals or exceeds its interest in the associate, Unless otherwise stated, the budget comparative fi gures shown in this annual fi nancial report Town ofCambridge AnnualReport 2015-2016 the Town discontinues recognising its share of further losses unless it has incurred legal or relate to the original budget estimate for the relevant item of disclosure. constructive obligations or made payments on behalf of the associate. When the associate subsequently makes profi ts, the Town will resume recognising its share of those profi ts once (w) Current and Non-Current Classifi cation its share of the profi ts equals the share of the losses not recognised. In the determination of whether an asset or liability is current or non-current, consideration is given to time when each asset or liability is expected to be settled. The asset or liability is (s) Interests in Joint Arrangements classifi ed as current if it is expected to be settled within the next 12 months, being the Town’s Joint arrangements represent the contractual sharing of control between parties in a business operational cycle. In the case of liabilities where the Town does not have unconditional right venture where unanimous decisions about relevant activities are required. to defer settlement beyond 12 months, such as vested long service leave, the liability is classifi ed as current even if not expected to be realised in the next 12 months. Inventories Separate joint venture entities providing joint venturers with an interest to net assets are held for trading are classifi ed as current even if not expected to be realised in the next 12 classifi ed as a joint venture and accounted for using the equity method. Refer to note 1(r) for months except for land held for sale where it is held as non-current based on the Town’s a description of the equity method of accounting. intentions to release for sale. Joint venture operations represent arrangements whereby joint operators maintain direct interests in each asset and exposure to each liability of the arrangement. The Town’s (x) Interest in Joint Venture interests in the assets, liabilities, revenue and expenses of joint operations are included in the The Town is a participant in both the Mindarie Regional Council and Tamala Park Regional respective line items of the fi nancial statements. Information about the joint ventures is set Council with six other Councils, namely the Cities of Joondalup, Wanneroo, Stirling, Perth and out in notes accompanying the fi nancial report. Vincent and the Town of Victoria Park. (t) Trade and other Receivables Interest in Joint Venture is accounted for by applying the equity method. Under this method of accounting interest in a jointly controlled entity is initially recorded at cost and adjusted Trade receivables and other receivables include amounts due from ratepayers for unpaid thereafter for the post acquisition change in the venturer’s share of net assets of the jointly rates and service charges and other amounts due from third parties for goods sold and controlled entity. services performed in the ordinary course of business. For further details relating to the Interest in Joint Venture refer to note 31. Receivables expected to be collected within 12 months of the end of the reporting period are classifi ed as current assets. All other receivables are classifi ed as non-current assets. (y) Adoption of New and Revised Accounting Standards Collectability of trade and other receivables is reviewed on an ongoing basis. Debts that are During the current year, the Town adopted all of the new and revised Australian Accounting known to be uncollectable are written off when identifi ed. An allowance for doubtful debts is Standards and Interpretations which were compiled, became mandatory and which were raised when there is objective evidence that they will not be collectable. applicable to its operations. (u) Rounding These new and revised standards were as follows: All fi gures shown in the fi nancial report, other than a rate in the dollar, are rounded to the (i) AASB 2015-3 Amendments to Australian Accounting Standards arising from the nearest dollar. withdrawal of AASB 1031 Materiality (ii) AASB 2015-7 Amendments to Australian Accounting Standards - Fair Value Disclosures (v) Comparatives of Not-for -Profi t Public Sector Entities Where required, comparative fi gures have been adjusted to conform with changes in the Most of the Standards adopted had a minimal effect on the accounting and reporting presentation for the current fi nancial year. practices of the Town as they did not have a signifi cant impact on the accounting or reporting When the Town applies an accounting policy retrospectively, makes a retrospective practices or were either not applicable, largely editorial in nature, were revisions to help restatement or reclassifi es items in its fi nancial statement, an additional (third) statement ensure consistency with presentation, recognition and measurement criteria of IFRSs or of fi nancial position as at the beginning of the preceding period in addition to the minimum related to topics not relevant to operations. comparative fi nancial statements is presented. () New Accounting Standards and Interpretations for Application in Future Periods The Australian Accounting Standards Board has issued a number of new and amended Accounting Standards and Interpretations that have mandatory application dates for future reporting periods, some of which are relevant to the Town. Management’s assessment of the new and amended pronouncements that are relevant to the Town, applicable to future reporting periods and which have not yet been adopted are set out as follows:

Title Issued Applicable Impact (i) AASB 9 Financial Instruments Dec Jan Nil -The objective of this Standard is to improve and simplify the approach for classifi cation and measurement of fi nancial assets (incorporating AASB 2014-7 and 14 18 compared with the requirements of AASB 139. Given the nature of the fi nancial assets of the Town, it is not anticipated the Standard AASB 2014·8) will have any material effect. (ii) AASB 15 Revenue from Contracts Dec Jan This Standard establishes principles for entities to apply to report useful information to users of fi nancial statements about the nature, Customers 14 17 amount, timing and uncertainty of revenue and cash fl ows arising from a contract with a customer. The effect of this Standard will depend upon the nature of future transactions the Town has with those third parties it has dealings with. lt may or may not be signifi cant. (iii) AASB 16 Leases Feb Jan Under AASB 16 there is no longer a distinction between fi nance and operating leases. Lessees will now bring to account a right- 16 19 to-use asset and lease liability onto their statement of fi nancial position for all leases. Effectively this means the vast majority of operating leases as defi ned by the current AASB 117 Leases which currently do not impact the statement of fi nancial position will be required to be capitalised on the statement of fi nancial position once AASB 16 is adopted. Currently, operating lease payments are expensed as incurred. This will cease and will be replaced by both depreciation and interest charges. Based on the current number of operating leases held by the Town, the impact is not expected to be signifi cant. (iv) AASB 2014·3 Amendments to Dec Jan This Standard amends AASB 11: Joint Arrangements to require the acquirer of an interest (both initial and additional) in a joint Australian Accounting Standards 14 16 operation in which the activity constitutes a business, as defi ned in AASB 3: Business Combinations, to apply all of the principles on · Accounting for Acquisitions of business combinations accounting in AASB 3 and other Australian Accounting Standards except for those principles that confl ict Interests in Joint Operations [AASB with the guidance in AASB 11; and disclose the information required by AASB 3 and other Australian Accounting Standards for 1 & AASB 11] business combinations. Since adopti on of thi s Standard wo uld impact only acquisiti ons of interests in joint operations on or after 1 January 2016, management believes it is impracticable at this stage to provide a reasonable estimate of such impact on the Town’s fi nancial statements. Notes to andFormingPart oftheFinancial Report (v) AASB 2014·4 Amendments to Dec Jan This Standard amends AASB 116 and AASB 138 to establish the principle for the basis of depreciation and amortisation as being the Australian Accounting Standards 14 16 expected pattern of consumption of the future economic benefi ts of an asset. It also clarifi es the use of revenue-based methods to - Clarifi cation of Acceptable calculate the depreciation of an asset is not appropriate nor is revenue generally an appropriate basis for measuri g the consumption Methods of Depreciation and of the economic benefi ts embodied in an intangible asset. Given the Town curently uses the expected pattern of consumption of the Amortisation [AASB 116 & 138) future economic benefi ts of an asset as the basis of calculation of depreciation, it is not expected to have a signifi cant impact. (vi) AASB 2014·5 Amendments to Dec Jan Consequential changes to various Standards arising from the issuance of AASB 15. It will require changes to refl ect the impact of Australian Accountin~ Standards 14 17 AASB 15. (vii) AASB 2015·2 Amendments Jan Jan This Standard amends AASB 101 to provide clarifi cation regarding the disclosure requirements in AASB 101. Specifi cally, to Australian Accounting 15 16 the Standard proposes narrow-focus amendments to address some of the concerns expressed about existing presentation Standards -Disclosure Initia ti ve: and disclosure requirements and to ensure entities are able to use judgement when applying a Standard in determining what Amendments to AASB 101 [AASB information to disclose in their fi nancial statements. This Standard also makes editorial and consequential amendments as a result of 7, 101, 134 & 1049] amendments to the Standards listed in the title column. It is not anticipated it will have any signifi cant impact on disclosures as they currently exist and any changes will relate to presentation. (viii) AASB 2015·6 Amendments to Mar Jul The objective of this Standard is to extend the scope of AASB 124 Related Party Disclosures to include not-for-profi t sector entities. Australian Accounting Standards · 15 16 The Standard is expected to have a signifi cant disclosure impact on the fi nancial report of the Town as both Elected Members and Extending Related Party Disclosures Senior Management will be deemed to be Key Management Personnel and resultant disclosures will be necessary. to Not- for -Profi t Public Sector Entities [AASB 10, 124 & 1049)

67 Notes: (1) Applicable to reporting periods commencing on or after the given date. 68

Health Town ofCambridge AnnualReport 2015-2016 2. Component functions/activities Maternal and infant health, immunisation, food control, health inspections. In order to discharge its responsibilities to the community, the Town has developed a set of operational and fi nancial objectives. These objectives have been established both on an overall Education Welfare basis refl ected by the Town’s Community Strategic Plan and for each of its broad activities/ Pre-schools, child care centres, youth services, aged and disabled, senior citizens’ centres, programs. These objectives provide a framework for the future direction of the Town of welfare administration, donations to welfare organisations. Cambridge and include a focus on the following priority areas: Community Amenities Our Community Life • A sense of community, pride and belonging. Rubbish collections, recycling, refuse site operations, litter control, public litter bins, town planning control/studies. • Quality local parks and open spaces for the community to enjoy. • An active, safe and inclusive community. Recreation and Culture Our Planned Neighbourhoods Public halls, civic centres, beaches and swimming pool, golf course, parks, sports grounds, sports clubs, community recreation programs, cycleways, library, community arts program, amphitheatre. • Neighbourhoods that are well planned, attractive, respectful of the character and responsive to future needs. Transport • Successful commercial, retail and social hubs. Roads, footpaths, rights of way, drainage, road verges, median strips, underpasses, street lighting, • Effi cient transport networks. street cleaning, street trees, traffi c surveys, traffi c management, underground power. Our Natural Environment Economic Services • Council is environmentally responsible and leads by example. Building control, swimming pool inspections. • A community that embraces environmentally responsible practices. Other Property Services Our Council Public works overheads, plant/vehicle operations, other property. • Transparent, accountable governance. • The Town is a proactive local government that gets things done. 3. Assets classifi ed by function and activity • A strong performing local government. 30 June 2016 30 June 2015 The Statement of Comprehensive Income is presented in a program format using the following $ $ classifi cations: General Purpose Funding 489,779 473,607 General Purpose Funding Governance 27,481,620 43,148,940 General rate revenue, interest for late payment, ex gratia rates, general purpose grants, untied Law, Order and Public Safety 19,614,680 13,672,805 road grants, interest on deferred rates, investment returns. Health 18,058 23,386 Education and Welfare 322,037 346,349 Governance Community Amenities 6,763,055 6,414,916 Members of Council, civic receptions and functions, public relations, electoral, administration, Recreation and Culture 118,252,410 103,205,287 fi nance. Transport 94,338,334 92,945,786 Law, Order Public Safety Economic Services 13,666 27,884 Other Property and Services 94,530,400 70,035,352 Fire prevention, including the Emergency Services Levy, clearing for fi re hazards, animal control, dog pound, local law control, public security, civil emergency services, beach inspections, surf 361,824,039 330,294,312 lifesaving clubs, neighbourhood watch. 4. Depreciation 5. Conditions over contributions Grants which were recognised as revenues during the year and which were obtained on the (a) Depreciation by Asset Classifi cation condition that they be expended on the acquisition of non-current assets but have yet to be Depreciation expense for the fi nancial year was charged in respect of: applied in that manner at reporting date were: 30 June 2016 30 June 2015 30 June 2016 30 June 2015 $ $ $ $ Buildings 2,213,037 1,865,562 MRWA Rehabilitation 76,087 7,979 Offi ce Furniture and Equipment 531,513 495,490 MRWA Blackspot 244,093 - External Plant and Equipment 433,798 415,621 Capital Grant State - 35,416 Infrastructure Assets 4,617,724 4,131,343 Capital Contribution - 5,000 7,796,072 6,908,016 Roads to Recovery 194,402 - 514,582 48,395 (b) Depreciation by Program Depreciation expense for the fi nancial year was charged in respect of: Grants which were recognised as revenues in the previous year and which were expended in the current reporting period in the manner specifi ed by the contributor were: 30 June 2016 30 June 2015 $ $ 30 June 2016 30 June 2015 $ $ General Purpose Funding 735 146 Governance 610,370 535,692 MRWA Rehabilitation 7,979 70,234 Law, Order and Public Safety 275,415 94,120 Capital Grant State 35,416 - Health 5,328 10,195 Capital Contribution 5,000 - Education and Welfare 38,513 32,651 48,395 70,234 Notes to andFormingPart oftheFinancial Report Community Amenities 178,052 193,233 Recreation and Culture 2,999,358 3,111,668 Transport 3,430,780 2,681,524 Economic Services 2,799 7,332 Other Property and Services 254,722 241,455 7,796,072 6,908,016 69 70

Town ofCambridge AnnualReport 2015-2016 6. Trade and other receivables 8. Inventories 30 June 2016 30 June 2015 30 June 2016 30 June 2015 Current $ $ Current $ $ Rates 209,489 133,148 Land Held For Resale 27,363,636 26,135 GST Receivable 475,706 578,561 Depot Inventory 37,354 34,081 Fees and Charges 313,277 35,951 Bold Park Aquatic Centre Inventory 41,912 3,154 Less Provision for Impairment of Receivables (2,982) (3,828) Wembley Golf Course Inventory 273,781 233,227 Other Receivables 969,845 1,077,116 Tamala Park Land Held for Resale 450,747 216,700 1,965,335 1,820,948 28,167,430 513,297

30 June 2016 30 June 2015 Non current $ $ 9. Cash and cash equivalents Underground Power Charges Deferred 25,715 25,715 Pensioner’s Rates Deferred 246,325 299,059 (a) Cash and cash equivalents Defer Rates ESL 28,635 36,833 Investments of cash funds are made in accordance with the Western Australia Trustee Act 300,675 361,607 1962 (as amended).

Pensioners Rates Deferred 30 June 2016 30 June 2015 The amounts of $25,715 and $246,325 relate to Council Rates deferred by pensioners in Current $ $ accordance with the Rates and Charges (Rebates and Deferments Act) 1992. In addition, Cash at bank and on hand 1,498,269 1,006,225 deferred rates of $27,438 relating to the 1994 ﬁ nancial year and prior are collectable for and on Term Deposits 15,687,885 31,538,747 behalf of the City of Perth. 17,186,154 32,544,972 7. Other assets (b) Restricted cash and investments 30 June 2016 30 June 2015 30 June 2016 30 June 2015 Current $ $ Current $ $ Cash and cash equivalents (see Note 9 (a)) 17,186,154 32,544,972 Prepayments 22,582 105,329 Other Financial Assets - Non-Current (See Note 30) 541,829 641,707 22,582 105,329 17,727,983 33,186,679 Unrestricted 9,538,350 10,315,815 Restricted 8,189,633 22,870,864 17,727,983 33,186,679 6. Trade and other receivables 8. Inventories 30 June 2016 30 June 2015 30 June 2016 30 June 2015 Current $ $ Current $ $ Rates 209,489 133,148 Land Held For Resale 27,363,636 26,135 GST Receivable 475,706 578,561 Depot Inventory 37,354 34,081 Fees and Charges 313,277 35,951 Bold Park Aquatic Centre Inventory 41,912 3,154 Less Provision for Impairment of Receivables (2,982) (3,828) Wembley Golf Course Inventory 273,781 233,227 Other Receivables 969,845 1,077,116 Tamala Park Land Held for Resale 450,747 216,700 1,965,335 1,820,948 28,167,430 513,297

The following restrictions have been imposed by regulations or other externally imposed requirements: 11. Provisions 30 June 2016 30 June 2015 30 June 2016 30 June 2015 Current $ $ $ $ Reserves (see Note 14) Current 2,646,019 2,421,762 - Area Improvement Reserve 2,034,628 1,709,288 Non-current 319,243 321,690 - Community Facilites 332,188 954,670 2,965,262 2,743,452 - Asset Management 1,722,440 956,836 - Waste Management 507,872 283,101 Provision for Provision for Long - Clubs and Associations 1,059,120 876,780 Annual Leave Service Leave Total - Development Contributions - Parking 1,022,750 932,750 $ $ $ - Development Contributions - Public Art 55,000 55,000 Opening balance as at 1 July 2015 1,220,686 1,522,766 2,743,452 Cambridge Endowment Lands Account (See Note 14) 756,440 17,034,884 Additional provisions 1,034,218 446,441 1,480,659 Unspent Grants/Contributions (see Note 5) 514,582 48,395 Amounts used (919,100) (339,749) (1,258,849) Works Bonds and Deposits 184,613 19,160 1,335,804 1,629,458 2,965,262 8,189,633 22,870,864 12. Borrowings (c) Earnings on investments 30 June 2016 30 June 2015 30 June 2016 30 June 2016 30 June 2015 Current $ $ Earnings on Investments Actual Budget Actual Loan 1 - Wembley Golf Course Irrigation Loan 163,712 158,200 $ $ $ Loan 3 - Wembley Golf Course Driving Range Loan 460,169 414,133 Municipal 471,436 600,000 504,485 HP Loan - Administration Transportable Ofﬁ ce 17,936 18,152

Notes to andFormingPart oftheFinancial Report Reserve 157,048 43,500 137,894 Loan 6 - Miniature Golf Course Loan 1,125,000 - Cambridge Endowment Lands Account 514,505 720,000 930,732 1,766,817 590,485

1,142,989 1,363,500 1,573,111 30 June 2016 30 June 2015 Non current $ $ Loan 1 - Wembley Golf Course Irrigation Loan 1,317,339 1,481,051 10. Trade and other payables Loan 3 - Wembley Golf Course Driving Range Loan 9,556,577 10,016,746 30 June 2016 30 June 2015 Loan 4 - Acquisition of 39 Southport Street 1,107,101 1,107,101 Current $ $ HP Loan - Administration Transportable Ofﬁ ce 1,684 19,620 Trade Creditors 2,222,480 3,018,979 11,982,701 12,624,518 Income Received in Advance 214,134 25,971 All repayments with respect to the loan for the Wembley Golf Course are sourced from golf Accrued Expenses 2,745,663 2,473,378 course revenue. Work Bonds and Deposits 184,613 19,160 GST Payable 134,717 189,545 New Loans Sundry Creditors 1,143,148 891,122 Wembley Golf Course - Miniature Golf Project is fully funded by a $3.5 million loan facility established on 27 June 2016, at a rate of 3.2% to be repaid in June 2017. As at 30 June 2016, 6,644,755 6,618,155 works are in progress and $1.125 million of loan funds have been drawn down. 71 72

Loan Repayments Town ofCambridge AnnualReport 2015-2016

Interest Capitalised Interest Repayments Principal Repayments Principal 2015/2016 2015/2016 2015/2016 30 June 2016 Principal 1 July 2015 New Loans Actual Actual Budget Actual Budget Actual Budget Particulars $ $ $ $ $ $ $ $ $

Governance HP Loan Administration Transportable Ofﬁ ce 37,772 - - 2,179 2,500 18,152 18,000 19,620 19,725 37,772 - - 2,179 2,500 18,152 18,000 19,620 19,725

Recreation and Culture Loan No.1 Wembley Golf Course Irrigation System 1,639,251 - - 64,733 64,000 158,200 158,000 1,481,051 1,481,051

Loan No.3 Wembley Golf Course Driving Range, Proshop 10,430,879 - - 370,832 372,000 414,133 412,500 10,016,746 10,052,194

Loan No.6 Wembley Golf Course Miniature Golf - 1,125,000 22 - 12,000 - - 1,125,000 2,000,000 12,070,130 1,125,000 22 435,565 448,000 572,333 570,500 12,622,797 13,533,245

Other Property & Services Loan No.4 Acquisition of 39 Southport Street 1,107,101 - - 47,264 53,500 - - 1,107,101 1,107,101 1,107,101 - - 47,264 53,500 - - 1,107,101 1,107,101 13,215,003 1,125,000 22 485,008 504,000 590,485 588,500 13,749,518 14,660,071 The interest shown in the schedule for both the Wembley Golf Course Irrigation System Loan HP Loan - Administration Transportable Offi ce and Wembley Golf Course Driving Range, Pro-shop and Infrastructure Development has been The Town’s exposure to interest rate risk is minimised as the hire purchase agreement is for a fi ve expensed in the accounts and represents interest charged and accrued for the year ended 30 year term with a fi xed interest rate during that period of 6.99% per annum. The interest payable June 2016. as a result of the agreement is as follows: Total loan facility for the Wembley Golf Course Driving Range, Pro-shop and Infrastructure Development is for $14.7 million ($10.8 million from WATC, $3.9 million ELA). 30 June 2016 30 June 2015 $ $ Interest Rate Risk Fixed Interest rate maturing Loan No. 1 - Irrigation System – Wembley Golf Course - within one year 850 2,179 The Town’s exposure to interest rate risk is minimised as the loan is a fi ve year term loan with - within one to fi ve years 30 880 a fi xed interest rate during that period of 3.43% per annum. The interest payable as a result of 880 3,059 borrowings is as follows: Loan No. 4 - Acquisition of Southport Street 30 June 2016 30 June 2015 $ $ The Town’s exposure to interest rate risk is minimised as the loan is for an eight year term with a fi xed interest rate during that period of 3.85% per annum. The interest payable as a result of the Fixed Interest rate maturing agreement is as follows: - within one year 64,756 63,553 - within one to fi ve years 91,872 156,628 30 June 2016 30 June 2015 $ $ 156,628 220,181 Fixed Interest rate maturing Loan No. 3 - Driving Range, Pro-shop and Infrastructure Development - Wembley Golf Course - within one year 47,074 47,273 The Town’s exposure to interest rate risk is minimised as the loan is a two year term loan with - within one to fi ve years 189,528 189,093 a fi xed interest rate during that period of 2.93% per annum. The interest payable as a result of 236,602 236,366

Notes to andFormingPart oftheFinancial Report borrowings as follows:

30 June 2016 30 June 2015 $ $ Fixed Interest rate maturing - within one year 270,180 372,070 - within one to ﬁ ve years 260,051 - 530,231 372,070

73 74

30 June 2016 30 June 2015 Town ofCambridge AnnualReport 2015-2016 13. Property, plant & equipment, Current $ $ infrastructure assets - Cost 1,551,838 - Less: Accumulated Depreciation (77,386,003) (76,600,796) (a) Carrying Amounts of Assets by Classifi cation 52,148,015 51,381,384 30 June 2016 30 June 2015 Current $ $ Drainage Land - Management Valuation 2015 28,785,509 28,785,509 - Independent Valuation 2014 60,445,208 63,856,052 - Cost 543,091 - (14,010,267) (13,701,124) 60,445,208 63,856,052 Less: Accumulated Depreciation Buildings 15,318,333 15,084,385 - Independent Valuation 2014 53,031,000 53,031,000 - Additions after valuation - Cost 32,724,225 2,363,657 Footpaths Less: Accumulated Depreciation (4,841,214) (2,628,176) - Management Valuation 2015 28,708,875 28,708,875 - Cost 133,775 - 80,914,011 52,766,481 Less: Accumulated Depreciation (8,858,402) (8,700,184) Ofﬁ ce Furniture and Equipment 19,984,248 20,008,691 - Management Valuation 2014 1,782,677 1,782,677 - Additions after valuation - Cost 2,220,596 1,299,494 Other Infrastructure Less: Accumulated Depreciation (1,101,960) (574,938) - Management Valuation 2015 1,216,125 1,216,125 - Cost 42,135 - 2,901,313 2,507,233 Less: Accumulated Depreciation (904,196) (897,005) External Plant and Equipment 354,064 319,120 - Management Valuation 2016 2,402,539 - Management Valuation 2013 - 1,908,937 Work in Progress - Additions after valuation - Cost - 1,473,133 Buildings 12,473,021 20,485,010 Less: Accumulated Depreciation - (648,426) Parks and Reserves 1,707,134 750,939 Roads and Lanes 220,154 138,384 2,402,539 2,733,644 Drainage 222,799 183,436 Footpaths 9,908 3,055 Parks and Reserves 39,254 102,196 - Management Valuation 2015 72,269,075 72,269,075 Other Infrastructure - Cost 1,323,708 - 14,672,270 21,663,020 Less: Accumulated Depreciation (18,612,980) (17,445,762) 54,979,803 54,823,313 Total Property, Plant and Equipment and Infrastructure 304,119,804 285,143,323

Roads and Lanes - Management Valuation 2015 127,982,180 127,982,180 (b) Movement in Carrying Amounts Movements in the carrying amounts for each class of property, plant, equipment and infrastructure assets between the beginning and end of the current ﬁ nancial year.

Non- Specialised Specialised Plant & Furniture & Parks & Roads & Other Land Buildings Buildings Buildings Equipment Equipment Reserves Lanes Drainage Footpaths Infrastructure Work in (Level 3) (Level3) (Level3) (Level 3) (Level 3) (Level 3) (Level 3) (Level 3) (Level 3) (Level 3) (Level 3) Progress Total Balance at Beginning at year 63,856,052 24,214,304 28,552,178 52,766,481 2,733,644 2,507,233 54,823,312 51,381,383 15,084,386 20,008,690 319,120 21,663,020 285,143,323 Additions - 166,047 11,595,642 11,761,689 402,388 825,019 1,227,649 3,466,013 490,916 600,590 58,760 12,151,629 30,984,653 Transfers from WIP - - 18,598,880 18,598,880 - 102,195 258,728 128,488 52,176 1,912 - (19,142,378) - Disposals - - - - (168,782) (1,621) - (267,482) - - - - (437,885) Depreciation Expense - (853,873) (1,359,165) (2,213,037) (433,798) (531,513) (1,325,981) (2,343,971) (309,145) (615,226) (23,400) - (7,796,072) Asset Revaluation Reserve Adjustment (3,410,844) - - - - - (3,906) (216,417) - (11,718) (416) - (3,643,301) Asset Devaluation transfer to P/L - - - - (130,913) ------(130,913) Carrying Amount at end of year 60,445,208 23,526,478 57,387,535 80,914,013 2,402,539 2,901,313 54,979,802 52,148,014 15,318,333 19,984,248 354,064 14,672,270 304,119,804

Note: Work in Progress Additions of $12 million include building works of $9 million for the Wembley Golf Course Hospitality, $1.1 million for the Wembley Golf Course Miniature Golf Project and $1.6 million for the Wembley Sports Park Pavilion Development.

Notes to andFormingPart oftheFinancial Report The fair value of property, plant and equipment is determined at least every three years in accordance with the regulatory framework. Additions since the date of valuation are shown at cost, given they were acquired at arm’s length and any accumulated depreciation refl ects the usage of service potential, it is considered the recorded written down value approximates fair value. At the end of each intervening period the valuation is reviewed and where appropriate the fair value is updated to refl ect current market conditions. This process is considered to be in accordance with Local Government (Financial Management) Regulation 17A (2) which require property, plant and equipment to be shown at fair value. In accordance with Local Government (Financial Management) Regulation 17A (2) plant and equipment was due to be revalued at 30 June 2016. Subsequently, the Town revalued its plant and equipment assets using purchase costs and current condition (Level 2), residual values and remaining useful life assessments (Level 3) inputs. For those signifi cant items of plant, suppliers provided market valuations. 75 76

(d) Fair Value Measurements (e) Bold Park Transfer of Title – Land Proceeds Town ofCambridge AnnualReport 2015-2016 Fair Basis of Date of last In May 1998 the State Government paid the Town the sum of $6.5 million in advance, with Asset Class Value Valuation Technique valuation Valuation Inputs used respect to the sale of land at Fortview Road, Whitney Crescent and Rochdale Road, Mt Claremont areas known as “F” and “G” and as compensation for the creation and endowment of Bold Park. Land 3 Market approach using recent Independent January Price per hectare / observable market data for registered 2014 Market borrowing rate In the event that the sale proceeds of the land exceed $11.5 million, the Town is to receive a similar properties/income valuer further 50 per cent of that portion exceeding $11.5 million. Area “F” was on-sold by the State approach using discounted Government to Landcorp, a Government agency, for $3.7 million. The status of area “G” was cashfl ow methodology in dispute with the State Government concerning the fi nancial arrangements with respect to the transaction. The State Government confi rmed that the arrangements according to the Building 3 Market approach using recent Independent January Price per square metre / observable market data for registered 2014 Market borrowing rate Town’s understanding are agreed. A Deed was signed in September 2011 formalising the similar properties/income valuer arrangements. Landcorp are responsible for developing the land, known as St Johns Wood approach using discounted Estate, Mt Claremont. Construction and subdivision works have been undertaken creating 49 cashfl ow methodology residential lots. A sales program commenced and is ongoing with settlement of the project expected in 2016/2017. Furniture 3 Cost approach Management April Construction cost and current and using depreciated valuation 2014 condition, residual values Equipment replacement cost and remaining useful life (f) Former Nursery Site - Salvado Road Jolimont assessments inputs The Town entered into a sale agreement in April 2013 with Landcorp to facilitate the Plant 3 Cost approach Management June Purchase cost and current development of the former Nursery Site located in Salvado Road, Jolimont. Under this contract and using depreciated valuation 2016 condition, residual values the Town will receive 60% of the net sale proceeds. An advance payment of $5 million was Equipment replacement cost and remaining useful life received and accounted for during the 2012/2013 fi nancial year. An Outline Development Plan assessments inputs was prepared by Landcorp for the site which was publicly advertised and adopted by the Town Infrastructure 3 Cost approach Management June Construction cost and current in December 2014. The plan was approved by the Western Australian Planning Commission in Parks and using depreciated valuation 2015 condition, residual values June 2015. In September 2015 the Town decided to proceed with development in conjunction Reserves replacement cost and remaining useful life with Landcorp. The estate name is Parkside Walk, Jolimont. Subdivision approval has been assessments inputs provided for the creation of 24 single residential lots and seven apartment sites that will cater Roads 3 Cost approach Management June Construction cost and current for up to 350 new dwellings across the whole site. It is expected that subdivision works will and Lanes using depreciated valuation 2015 condition, residual values commence in 2016/2017 in conjunction with a sales program. replacement cost and remaining useful life assessments inputs (g) Perry Lakes Redevelopment Project Drainage 3 Cost approach Management June Construction cost and current The State Government assumed control of the Perry Lakes Redevelopment project in 2005 using depreciated valuation 2015 condition, residual values after passing the Perry Lakes Redevelopment Act 2005 (the Act). At the completion of the replacement cost and remaining useful life project, the Town of Cambridge was owed $50 million which as per the Act can be paid in assessments inputs cash, land or a combination of cash and land. Footpaths 3 Cost approach Management June Construction cost and current using depreciated valuation 2015 condition, residual values A transfer of the three apartment sites, valued at $27.4 million (ex GST) occurred on 21 July replacement cost and remaining useful life 2015 which has been refl ected in the 2015/2016 fi nancial accounts as Land Held for Resale. assessments inputs As at 30 June 2016, two apartment sites Lot 232 & Lot 233 are under contract of sale for 19.6 million (ex GST) with the settlement due in January 2017. The remaining balance of Bus Shelters 3 Cost approach Management June Construction cost and current using depreciated valuation 2015 condition, residual values $22.6 million cash is expected in late 2016. replacement cost and remaining useful life assessments inputs (h) Other Signifi cant Disposals There were no signifi cant disposals of non-current assets during the 2015/2016 fi nancial year. 14. Reserves and Cambridge (ii) Clubs and Associations - Synthetic Court and Lightings This reserve was established in accordance with the Town’s new community leasing endowment lands account policy to provide replacement of synthetic courts and lighting infrastructure where As at 30 June 2016 the Town of Cambridge maintained reserves for various purposes relating to applicable. Contributions are made by both the Town and Community Associations and the provision of facilities and amenities throughout the Town. held by the Town for this purpose. (iii) Clubs and Associations - Car Parks and Surroundings (a) Area Improvement Reserve This reserve was established in accordance with the Town’s new community leasing This reserve was established to provide funds for the acquisition and development of assets, policy to provide for the replacement of car parks and surroundings where applicable. excluding community recreation facilities, or the provision of services that are in the view of Contributions are made by both the Town and Community Associations and held by the the Town benefi cial and to provide improvements to areas within the district of the Town. Town for this purpose.

(b) Community Facilities Reserve (f) Development Contributions Reserves This reserve was established to provide funds for the acquisition and development of The Town under its “Town Planning Scheme”, has a requirement for developers to make community facilities in the Town. a “cash in lieu of parking” contribution, as part of its planning approval process where it is evident that there are insufﬁ cient parking facilities being provided. The “Cash in lieu of (c) Asset Management Reserve parking” contribution will differ depending in which precinct the construction is taking place. This reserve was established to provide a source of funds for future asset replacement To enable contributions to be appropriately monitored and acquitted, a sub-reserve has been including plant and equipment, having regard to the depreciating nature of non-current created for each precinct. assets. The amount in this reserve is to be accumulated over the useful life of the assets and expended on replacement as considered appropriate. (g) Cambridge Endowment Lands Account The Cambridge Endowment Land Act 1920 (Section 41(1)) requires an “Endowment Lands (d) Waste Management Reserve Account” to be established. The proceeds of sale of land in the Endowment Lands area are This reserve was established to provide funds for the provision of waste management to be credited to this account. The funds held in this account must be expended for the Notes to andFormingPart oftheFinancial Report services including recycling. These services may include acquisition of assets such as land, development of the land in the Endowment Lands area. buildings, plant and equipment, mobile rubbish bins etc. The reserve funds and Cambridge Endowment Lands Account will be utilised as and when the need arises. The asset management reserve and area improvement reserve are used on an (e) Clubs and Associations Reserves ongoing basis. Other reserves will be used for speciﬁ c projects as and when required. (i) Clubs and Associations - Buildings This reserve was established in accordance with the Town’s new community leasing policy to provide funding for ongoing building maintenance for the various facilities. Contributions are made by both the Town and the Community Associations and held by the Town for this purpose. 77 78

30 June 2016 30 June 2016 30 June 2015 30 June 2016 30 June 2016 30 June 2015 Town ofCambridge AnnualReport 2015-2016 RESERVES Actual Budget Actual RESERVES Actual Budget Actual $ $ $ $ $ $ (a) Area Improvement (f) Development Contributions - Parking Opening Balance 1 July 1,709,288 1,719,300 765,401 Opening Balance 1 July 932,750 922,800 432,000 Transfer from Accumulated Surplus 2,356,810 1,849,700 2,632,516 Transfer from Accumulated Surplus 90,000 60,000 500,750 Transfer to Accumulated Surplus (2,031,470) (2,909,500) (1,688,629) Transfer to Accumulated Surplus - - - Closing Balance 30 June 2,034,628 659,500 1,709,288 Closing Balance 30 June 1,022,750 982,800 932,750

(b) Community Facilities (g) Development Contributions - Public Art Opening Balance 1 July 954,670 981,400 1,097,441 Opening Balance 1 July 55,000 55,000 - Transfer from Accumulated Surplus 82,680 24,000 46,102 Transfer from Accumulated Surplus - - 55,000 Transfer to Accumulated Surplus (705,162) (768,500) (188,873) Transfer to Accumulated Surplus - - - Closing Balance 30 June 332,188 236,900 954,670 Closing Balance 30 June 55,000 55,000 55,000

(c) Asset Management Total Reserves 6,733,998 3,907,000 5,768,425 Opening Balance 1 July 956,836 1,112,500 999,776 Transfer from Accumulated Surplus 1,110,248 732,100 999,611 (h) Cambridge Endowment Lands Account Transfer to Accumulated Surplus (344,644) (969,000) (1,042,551) Opening Balance 1 July 17,034,884 18,349,500 27,619,352 Closing Balance 30 June 1,722,440 875,600 956,836 Transfer from Accumulated Surplus 3,806,401 917,000 5,512,817 Transfer to Accumulated Surplus (20,084,845) (19,166,000) (16,097,285) (d) Waste Management Closing Balance 30 June 756,440 100,500 17,034,884 Opening Balance 1 July 283,101 283,100 446 Transfer from Accumulated Surplus 334,771 222,700 312,000 Transfer to Accumulated Surplus (110,000) (110,000) (29,345) Total Cambridge Endowment Lands Account 756,440 100,500 17,034,884 Closing Balance 30 June 507,872 395,800 283,101 Total 7,490,438 4,007,500 22,803,309 (e) Clubs and Associations Opening Balance 1 July 876,780 876,400 746,098 Transfer from Accumulated Surplus 609,667 629,500 626,226 Transfer to Accumulated Surplus (427,327) (804,500) (495,544) Closing Balance 30 June 1,059,120 701,400 876,780 15. Asset revaluation surplus Revaluation surpluses have arisen on revaluation of the following classes of non-current assets:

30 June 2016 30 June 2015 30 June 2016 30 June 2015 ASSET REVALUATION SURPLUS Actual Actual ASSET REVALUATION SURPLUS Actual Actual $ $ $ $ Land Footpaths Opening Balance 1 July 53,692,156 54,256,554 Opening Balance 1 July 10,046,563 - Revaluation Decrement (3,410,844) (564,398) Revaluation Increment - 10,046,563 Closing Balance 30 June 50,281,312 53,692,156 Closing Balance 30 June 10,046,563 10,046,563

Buildings Other Infrastructure Opening Balance 1 July 16,001,470 16,708,338 Opening Balance 1 July 84,743 - Revaluation Decrement - (706,868) Revaluation Increment - 84,743 Closing Balance 30 June 16,001,470 16,001,470 Revaluation Decrement (416) Closing Balance 30 June 84,327 84,743 Parks and Reserves Opening Balance 1 July 3,953,762 - Total Asset Revaluation Reserve 90,019,356 93,662,657 Revaluation Increment - 3,953,762 Revaluation Decrement (3,906) Closing Balance 30 June 3,949,856 3,953,762

Notes to andFormingPart oftheFinancial Report 16. Notes to the statement of cash ﬂ ows Roads and Lanes Opening Balance 1 July 2,552,374 - (a) Reconciliation of Cash Revaluation Increment - 2,552,374 For the purpose of the Statement of Cash Flows the Town of Cambridge considers cash to Revaluation Decrement (216,417) include cash on hand and in banks and investments net of outstanding bank overdrafts. Cash Closing Balance 30 June 2,335,957 2,552,374 at the end of the reporting period as shown in the Statement of Cash Flows is reconciled to the related items in the Statement of Financial Position as follows:

Drainage 30 June 2016 30 June 2016 30 June 2015 Opening Balance 1 July 7,331,589 - Actual Budget Actual Revaluation Increment - 7,331,589 $ $ $ Revaluation Decrement (11,718) Cash and Cash Equivalents 17,186,154 12,193,500 32,544,972 Closing Balance 30 June 7,319,871 7,331,589 17,186,154 12,193,500 32,544,972 79 80

(b) Reconciliation of Net Cash Provided by Operating Activities to Operating Surplus Town ofCambridge AnnualReport 2015-2016 17. Superannuation 30 June 2016 30 June 2016 30 June 2015 The Town of Cambridge complies with the minimum obligations under federal law and Actual Budget Actual contributes in respect of its employees to one of the following superannuation plans:- $ $ $ Operating Surplus/(Deﬁ cit) 34,390,103 7,104,500 12,118,125 a) W.A. Super

Adjustment for items not involving the movement of Cash: The Town contributes in respect of certain of its employees to an accumulated benefi t superannuation fund established in respect of all Municipalities in the State. In accordance Change in Equity – Joint Venture (256,623) 120,000 (2,681,147) with statutory requirements, the Town contributes to the W.A. Super amounts nominated by Land held for resale - Perry Lakes Development 27,337,501 - - the Town. As such, assets are accumulated in the Plan to meet members’ benefi ts as they Land held for resale - Tamala Park 234,047 - 209,738 accrue. No liability of the Town has been recognised as at the reporting date in respect of Assets Reclassifi ed an expensed to operating 10,528 superannuation benefi ts for its employees. Depreciation/Write Down 7,796,072 6,994,000 6,908,016 Revaluation of Plant and Equipment 130,913 - - (b) City of Perth Superannuation Fund Increment/Decrement in Revaluation of Investment 45,959 - (88,720) The Town contributes in respect of certain former City of Perth employees to a defi ned Retirement of Infrastructure Assets and Asset Write Off 232,457 - 177,039 benefi t superannuation plan. In accordance with statutory requirements, the Town Loss/(Gain) on Sale of Property, Plant and Equipment (4,690,351) (2,488,500) (5,384,854) contributes to the City of Perth Superannuation fund (“the Plan”) amounts determined by the 65,220,078 11,730,000 11,268,725 plan actuary in respect of contributory members. In respect of non-contributory members, Revenues Provided by Government and Other Parties the Town contributes at the minimum Award/SGC contribution rate. As such, assets are accumulated in the plan to meet members’ benefi ts as they accrue. The latest actuarial Grants/Contributions for the development of assets (30,473,142) (4,801,000) (3,431,321) report has indicated that there is a signifi cant surplus within the fund. The Town contributes (30,473,142) (4,801,000) (3,431,321) an additional fi ve percent to the fund and we have been advised by the fund’s trustee that this contribution as from April 2016 will be funded from the fund’s surplus until it is extinguished. Accordingly these contributions have not been refl ected in the Town’s fi nancial Change in Operating Assets and Liabilities report. Add Back Increase/(Decrease) in Provisions 221,810 200,000 (13,306) The amount of superannuation contribution paid by the Town during the reporting period was (Increase)/Decrease in Receivables and Other (707) (130,000) (44,180) $1,754,989 (2015: $1,758,588). Increase/(Decrease) in Payables (138,853) 980,000 1,876,188 City of Perth W.A. Super Other Total (Increase)/Decrease in Inventories (27,654,132) 20,000 (252,540) Super Fund $ $ $ $ (27,571,882) 1,070,000 1,566,162 Superannuation Guarantee Charge 57,805 1,141,602 227,137 1,426,544 Contributory Scheme 27,441 284,461 - 311,902 Net Cash Provided by Operating Activities 7,175,054 7,999,000 9,403,566 Defi ned 16,543 - - 16,543 101,789 1,426,063 227,137 1,754,989 18. Contingent liabilities (b) Commitment for Capital Expenditure The Town has entered into contracts for the following major capital projects for 2015/2016: Mindarie Regional Council • Construction of the Wembley Golf Course hospitality and miniature golf project at a total The Town of Cambridge is a member of the Mindarie Regional Council. The Mindarie Regional cost of $12.8 million. Council has established a Resource Recovery Facility at Neerabup. • Construction of the Wembley Sports Park Pavilion at the cost of $3 million. A requirement of the project to succeed is the signing of a Financial Guarantee “Deed of Guarantee” by all seven member Councils to satisfy fi nancial security requirements by the contractor undertaking the project. At a Special Council Meeting held on 11 September 2007, the Town accepted a maximum exposure under the Deed of Guarantee of $7.33 million. The 20. Fees and charges by program probability of the Deed of Guarantee crystallising is very low. 30 June 2016 30 June 2015 The Deed of Guarantee will only crystallise if: $ $ (a) The Mindarie Regional Council is unable to meet the payments and there is a Mindarie General Purpose Funding 63,568 62,294 Regional Council default under the Resource Recovery Facility Agreement (RRFA); Governance 59,707 60,723 (b) Mindarie Regional Council obligation to settle a debt due to a Force Majeure event which is Law Order and Public Safety 122,375 140,434 not covered by insurance. Health 94,150 72,770 Loan Guarantees - Clubs Education & Welfare 73,861 60,510 The Town is a guarantor for the loan balance outstanding as at 30 June 2016 taken out by the Community Amenities 2,600,201 2,808,869 following club: Recreation and Culture 8,920,770 8,351,650 • Lake Monger Recreation Club $102,190 Transport 1,925,571 1,792,184 The Town’s liability is limited to the amount of the loan outstanding in the case of any default by Economic Services 440,552 500,544 the clubs in meeting their loan liability commitments. Other Property and Services 874,871 88,818 15,175,626 13,938,796 Notes to andFormingPart oftheFinancial Report 19. Capital and leasing commitments (a) Operating Lease Commitments At the reporting date the Town had an obligation under an operating lease with respect to the golf carts, plant and light fl eet at the Wembley Golf Course. Amounts payable contracted for but not capitalised in the accounts are: 30 June 2016 30 June 2015 $ $ Not later than 1 year 454,691 296,680 Later than one year but not later than fi ve years 708,303 238,136 1,169,438 534,816 81 82

Town ofCambridge AnnualReport 2015-2016 21. Grants, subsidies and contributions 22. Disposal of assets and land held for resale (a) Revenue by program Net Book Value Sale Price Gain/(Loss) on Sale 30 June 2016 30 June 2015 Class of Assets Actual Budget Actual Budget Actual Budget $ $ $ $ $ $ $ $ General Purpose Funding 462,112 1,472,833 Gain on Disposal of Assets Law Order and Public Safety 548,389 1,399,194 Land Held for Resale 1,649,509 2,217,000 3,211,696 4,816,000 1,562,187 2,599,000 Health 5,700 5,100 Land 56,149 - 3,188,965 - 3,132,817 - Education & Welfare 1,005,023 994,655 Plant and Equipment 83,959 40,000 131,335 68,000 47,375 28,000 Community Amenities 192,764 570,717 Subtotal 1,789,617 2,257,000 6,531,996 4,884,000 4,742,379 2,627,000 Recreation and Culture 1,427,898 875,080 Transport 1,707,852 1,455,376 Loss on Disposal of Assets Other Property 27,424,432 29,573 Furniture and Equipment 1,621 - - - (1,621) - 32,774,170 6,802,528 Plant and Equipment 84,822 436,500 69,440 298,000 (15,382) (138,500) Infrastructure A transfer of the three apartment sites within the Perry Lakes Estate , valued at $27.4 million - Roads and Lanes 267,482 - - - (267,482) - (ex GST) from State Government has been included under “Other Property” in the above table. Subtotal 353,925 436,500 69,440 298,000 (284,485) (138,500) (b) Revenue by nature or type 30 June 2016 30 June 2015 Total 2,143,542 2,693,500 6,601,436 5,182,000 4,457,894 2,488,500 $ $ Grants and Contributions for Operating 2,301,028 3,371,207 Grants and Contributions for the development of assets 30,473,142 3,431,321 32,774,170 6,802,528

(c) Operating and non operating grants contributions by program 30 June 2016 30 June 2015 Operating Non Operating Operating Non Operating $ $ $ $ General Purpose Funding 462,112 - 1,472,833 - Law Order and Public Safety 23,389 525,000 24,194 1,375,000 Health 5,700 - 5,100 - Education & Welfare 1,005,023 - 988,009 6,646 Community Amenities 2,764 190,000 8,145 562,572 Recreation and Culture 468,885 959,013 500,990 374,090 Transport 272,359 1,435,493 342,363 1,113,013 Other Property 60,796 27,363,636 29,573 - 2,301,028 30,473,142 3,371,207 3,431,321 The Town issued rates on 3 August 2015, with payment to be made in either full by 23. Statement of rating information 10 September 2015 (35 days from date of issue of notices) or by four instalments as provided 2015 Rateable Rate in 2016 2016 for in the Local Government Act 1995. Actual Value Dollar Budget Actual The due dates for each instalment were: $ $ (Cents) $ $ First Instalment 10 September 2015 General Rate Second Instalment 12 November 2015 Gross Rental Value Third Instalment 14 January 2016 10,605,728 5,729 Assessments 199,655,981 5.861 11,701,000 11,701,214 Fourth Instalment 17 March 2016 Unimproved Values An interest rate of 5.5% per annum and an administration fee of $8.00 applied to the second, 10,224,226 4,457 Assessments 5,027,390,000 0.209 10,523,000 10,523,231 third and fourth instalments. An interest rate of 11% was charged for the late payment of rates. The revenue raised from these charges is detailed below: Minimum Rate 879,970 Gross Rental value - 957 @$937 12,200,266 NA 897,000 896,709 2016 2016 2015 101,010 Unimproved Value - 100 @$937 26,180,000 NA 94,000 93,700 Actual Budget Actual $ $ $ Instalment Interest 5.5% per annum 102,545 90,000 93,339 Interim Rates Administration Fee $8.00 per instalment 63,568 54,000 62,294 433,825 Gross Rental Value 5.861 155,000 204,458 Late Payment Interest 11% per annum 51,385 50,000 41,757 (3,964) Unimproved Value 0.209 26,500 24,222 217,498 194,000 197,390 Less Rates Written Off 11,919,523 Total Gross Rental 12,753,000 12,802,381 10,321,272 Total Unimproved 10,643,500 10,641,153 Notes to andFormingPart oftheFinancial Report 22,240,795 3,396,500 23,443,534

(46,123) Rates Received in Advance - 27,117 22,194,672 Total Rates 23,396,500 23,470,651

93,339 Rate Instalment Interest @5.5% 90,000 102,545 62,294 Rate Administration Fee $8.00 per Instalment 54,000 63,568 41,757 Late Payment Interest @11% 50,000 51,385 17,945 Pensioner Deferred Interest 8,000 10,306 22,410,007 23,598,500 23,698,455 83 84

Town ofCambridge AnnualReport 2015-2016 24. Trust funds 26. Members of council remuneration Funds over which the Town has no control and which are not included in the Financial Report are 30 June 2016 30 June 2016 30 June 2015 as follows: Fee Actual Budget Actual 30 June 2016 30 June 2015 $ $ $ Unclaimed Monies Actual Actual Annual Meeting Fee $ $ (Section 5.99) Opening Balance 40,696 40,480 Mayor 30,300 30,385 30,300 30,385 Receipts 0 534 Councillor 22,600 181,281 181,200 181,281 Payments (60) (318) Sub Total 211,666 211,500 211,666 Cash at Bank 40,636 40,696 Annual Local Government Allowance 30 June 2016 30 June 2015 (Section 5.98 (5)(b) Trust - Bonds Actual Actual Mayor 62,000 61,800 62,000 61,800 $ $ Deputy Mayor 15,500 15,450 15,500 15,450 Cash at Bank 4,402 47,648 Sub Total 77,250 77,500 77,250 Term Deposits 1,696,935 1,890,375

Closing Balance 1,701,337 1,938,023 Prescribed Expense Reimbursement As the Town performs only a custodial role in respect of these monies and therefore cannot be (Section 5.98 (2)) used for Council purposes, they are subsequently excluded from the Financial Report. Telecommunication Allowance 3,700 31,500 33,000 31,500 Other 594 500 190 Subtotal 32,094 33,500 31,690 25. Employee numbers 2016 2015 Total Members Remuneration 321,010 322,500 320,606 The number of full time equivalent employees as at reporting date: 197 195

27. Subsequent events There are no signiﬁ cant subsequent events. 24. Trust funds 26. Members of council remuneration Funds over which the Town has no control and which are not included in the Financial Report are 30 June 2016 30 June 2016 30 June 2015 as follows: Fee Actual Budget Actual 30 June 2016 30 June 2015 $ $ $ Unclaimed Monies Actual Actual Annual Meeting Fee $ $ (Section 5.99) Opening Balance 40,696 40,480 Mayor 30,300 30,385 30,300 30,385 Receipts 0 534 Councillor 22,600 181,281 181,200 181,281 Payments (60) (318) Sub Total 211,666 211,500 211,666 Cash at Bank 40,636 40,696 Annual Local Government Allowance 30 June 2016 30 June 2015 (Section 5.98 (5)(b) Trust - Bonds Actual Actual Mayor 62,000 61,800 62,000 61,800 $ $ Deputy Mayor 15,500 15,450 15,500 15,450 Cash at Bank 4,402 47,648 Sub Total 77,250 77,500 77,250 Term Deposits 1,696,935 1,890,375

27. Subsequent events There are no signiﬁ cant subsequent events.

28. Major land transactions 29. Major trading undertaking Tamala Park - Catalina Estate The Wembley Golf Course qualifi es under the minimum requirements of Section 3.59 of the Local Government Act 1995 and Regulation 9 of the Functions and General Regulations for a The Town is a one twelfth (1/12) owner of Lot 9504 Tamala Park with six other Councils (Cities of major trading undertaking. The Town does not operate any other major trading undertakings. Perth, Joondalup, Stirling, Vincent and Wanneroo and the Town of Victoria Park). The Wembley Golf Course operates as a stand-alone activity and pays the Town an annual The seven owner councils have established the Tamala Park Regional Council with the specifi c dividend which was $1.627 million for 30 June 2016 (2015: $1.567 million). function of carrying out a residential land development, known as the Catalina Estate. As A summary of the fi nancial position is detailed below: part owner of the land, the Town is entitled to one twelfth of the net proceeds of the land development. 2016 2016 2015 During the fi nancial year ended 30 June 2016, one hundred and thirty seven lots of land were Actual Budget Actual settled. The Town received sales proceeds of $3,211,696 and booked its share of associated $ $ $ development and selling costs of $1,649,509, resulting in a gain on disposal of land of Revenue $1,562,187 which has been refl ected in the Town’s Statement of Comprehensive Income. This Fees 6,813,204 6,648,500 6,876,329 note should also be read in conjunction with Note 31 - Investment in Regional Councils. Other 125,574 145,000 263,887 2012/2013 2013/2014 2014/2015 2015/2016 Actual Actual Actual Actual Total Total 6,938,778 6,793,500 7,140,216 $ $ $ $ $ Expenditure Revenue Expenditure 5,600,052 5,659,500 5,908,719 Interest 546,665 558,500 413,374 Proceeds from Land Sales 3,644,346 4,523,124 5,092,611 3,617,736 16,877,817 Less: GST (94,795) (73,925) (64,566) (65,610) (298,896) Total 6,146,717 6,218,000 6,322,093 3,549,551 4,449,199 5,028,045 3,552,126 16,578,921 Net Profi t from Operations 792,061 575,500 818,123

Notes to andFormingPart oftheFinancial Report Less: Development Costs (365,357) (489,058) (617,005) (340,430) (1,811,850) Add Back Overheads/Non Cash 753,132 948,500 1,198,176 3,184,194 3,960,141 4,411,040 3,211,696 14,767,071 Net Cash Surplus from Operations 1,545,193 1,524,000 2,016,299 Plus Proceeds from sale of Plant & Equipment 37,500 20,000 - Cost of Land Sold (1,309,144) (1,829,814) (1,747,968) (1,649,509) (6,536,435) Less Loan Principal Repayments (572,333) (570,500) (521,994) Transfer From Reserve 616,640 653,500 72,974 Profi t on Sale of Land 1,875,050 2,130,327 2,663,072 1,562,187 8,230,636 Transfer From Endowment Land Account - - - Equity in Tamala Park Regional Cash Dividend to the Town 1,627,000 1,627,000 1,567,279 Council 2,334,463 3,535,548 4,007,855 4,101,713 Land Held for Resale 145,264 6,962 216,700 450,747 The information contained in the above Operating Statement is inclusive of all items of revenue Unimproved Englobo Land - 7,500,000 6,937,744 5,926,900 and expenditure which has been used in the pricing structure for goods and services provided by the golf course trading undertaking. There are no other items outside the above Operating Net Assets as at 30 June 2,479,727 11,042,510 11,162,299 10,479,360 Statement used for this purpose. The interest expense amount of $546,665 for the 2015/2016 fi nancial year includes an internal interest charge from the Endowment Lands Account of $111,100. This has been eliminated within the Town’s fi nancial report. 85 86

A ﬁ ve year forecast of expected ﬁ nancial performance for the golf course based on current trends in the industry and investment in the golf course hospitality and miniature golf is as follows: Town ofCambridge AnnualReport 2015-2016

2016 2017 2018 2019 2020 2021 Total $ $ $ $ $ $ $

Revenue Fees 6,813,204 6,637,300 6,762,000 6,837,000 6,903,000 6,984,000 40,936,504 Other 125,574 2,019,700 2,273,000 2,303,000 2,333,000 2,353,000 11,407,274 Total 6,938,778 8,657,000 9,035,000 9,140,000 9,236,000 9,337,000 52,343,778

Expenditure Expenditure 6,146,717 6,981,000 7,096,000 6,931,000 6,903,000 6,907,000 40,964,717 Total 6,146,717 6,981,000 7,096,000 6,931,000 6,903,000 6,907,000 40,964,717 Net Proﬁ t from Operations 792,061 1,676,000 1,939,000 2,209,000 2,333,000 2,430,000 11,379,061

Add Back Overheads/Non Cash 753,132 1,091,000 1,117,000 1,117,000 1,117,000 1,117,000 6,312,132 Net Cash Surplus from Operations 1,545,193 2,767,000 3,056,000 3,326,000 3,450,000 3,547,000 17,691,193 Less: Loan Principal Repayments (572,333) (622,000) (641,500) (657,000) (673,500) (690,500) (3,856,833) Less: Principal Repayment to Endowment Land - (471,000) (550,500) (593,000) (606,500) (620,500) (2,841,500) Add: Proceeds from Sale of Plant & Equipment 37,500 - - - - - 37,500 Transferred from/(to) Reserve 616,640 - (184,000) (396,000) (490,000) (556,000) (1,009,360) Cash Dividend to the Town 1,627,000 1,674,000 1,680,000 1,680,000 1,680,000 1,680,000 10,021,000 30. Other ﬁ nancial assets 31. Investment in regional councils - joint venture Investments are made in accordance with the Western Australian Trustee Act 1962 (as amended) and are recorded at cost. (a) Non-Current Assets Held To Maturity Investments 30 June 2016 30 June 2015 $ $ 30 June 2016 30 June 2015 Non Current $ $ Mindarie Regional Council 5,418,517 5,155,274 Tamala Park Regional Council 4,101,713 4,007,855 Mortgage backed Security 541,829 641,707 541,829 641,707 9,520,230 9,163,129

Note: Currently one long term security remains in the investment portfolio, being a mortgage (b) Change in Equity backed security “Emerald Reverse Mortgage Series 2006-1 Class A” which is an “AAA” credit risk rated security. As at 30 June 2016 the security has a market value of $541,829 and the Interest in the joint venture by Council in both Mindarie Regional Council and Tamala Park carrying value of the investment of $587,788 has been decreased to reﬂ ect this value with a fair Regional Council is accounted for by applying the equity method. Under this method of value adjustment of $45,959 booked to the Statement of Comprehensive Income. It should be accounting, interest in the jointly controlled regional councils is initially recorded at cost and noted that Town at this time has no intention of selling the investment. The original investment adjusted thereafter for the post acquisition change in Council’s share of net assets of the of $1 million is being gradually reduced as the underlying mortgages are repaid with $316,401 jointly controlled regional councils. Accordingly a total amount of $256,623 post acquisition received since the security was acquired. change was booked, made up of a $240,906 increment for Mindarie Regional Council and a $15,717 increment for Tamala Park Regional Council.

Investment in Tamala Park $ Opening Balance as at 1 July 2015 4,007,855 (based on draft ﬁ nancials)

Notes to andFormingPart oftheFinancial Report Proceeds from sale of Tamala Park land lots in 2015/16 3,211,696 Less: Cost of Land Developed and Moved to Land Held for Resale (1,883,556) Less: Return of Equity/Proﬁ t from TPRC (1,249,999) Post Acquisition Adjustment to Changes in Equity 15,717

Closing Balance as at 30 June 2016 4,101,713

Investment in Mindarie $ Opening Balance as at 1 July 2015 5,155,274 (based on draft ﬁ nancials) Reimbursement of Loan Repayments 22,337 Post Acquisition Adjustment to Changes in Equity 240,906

Closing Balance as at 30 June 2016 5,418,517 87 88

(c) Mindarie Regional Council (iv) Tamala Park Regional Council Town ofCambridge AnnualReport 2015-2016 The Mindarie Regional Council was formally constituted in December 1987. The Town of The Town is a one twelfth (1/12) owner of Lot 9504 Tamala Park with six other Councils Cambridge along with the Cities of Perth, Wanneroo, Joondalup, Stirling and Vincent and the (Cities of Perth, Joondalup, Stirling, Vincent and Wanneroo and the Town of Victoria Park). Town of Victoria Park, is a member of the Mindarie Regional Council. The primary function The seven owner councils have established the Tamala Park Regional Council with the of the Regional Council under the constitution agreement is for the orderly and effi cient specifi c function of carrying out a residential land development, known as the Catalina treatment and/or disposal of waste. Estate. As part owner of the land, the Town is entitled to one twelfth of the net proceeds The Town of Cambridge has a one twelfth (1/12) equity in the land and assets of the refuse of the land development. disposal facility as per the constitution amendment (dated 25 November 1996) that In 2006, the Owners received $16.55 million from the State Government for the transfer recognises the Town as a member of the Mindarie Regional Council. of part of the land to ‘Bush Forever’. This provided the initial start up equity for the The Town has recognised in its books the investment of $5,418,517 which is refl ected as a project, the Town’s share being $1.35 million. Land sales retained by the Tamala Park contribution in Mindarie Regional Council’s Statement of Financial Position at 30 June 2016 Regional Council have funded the staged development in accordance with the project (unaudited). plan and during the year, the Council returned $15 million in equity to the owners, from land sales. The Town’s share was $1,249,999. The Town’s interest in the joint venture as at 30 June 2016 is as follows: The Town’s interest in the joint venture as at 30 June 2016 is as follows: 2016 $ 2016 $ Interest in the Joint venture as at 30 June 2016 5,418,517 Interest in the Joint venture as at 30 June 2016 4,101,713 Represented by share of Joint venture entity’s fi nancial position:

Current Assets 2,380,325 Represented by share of Joint venture entity’s ﬁ nancial position: Non Current Assets 5,282,218 Total Assets 7,662,543 Current Assets 3,961,705 Non Current Assets 160,947 Current Liabilities 888,292 Total Assets 4,122,652 Non Current Liabilities 1,355,734 Total Liabilities 2,244,026 Current Liabilities 16,218 Non Current Liabilities 4,721 Net Assets 5,418,517 Total Liabilities 20,939

Net Assets 4,101,713

32. Budget comparisons – non operating The Council held the following fi nancial instruments at reporting date: Carrying Value Fair Value Net Current Asset Position 2016 2015 2016 2015 The net current asset position balance carried forward from the previous fi nancial year after $ $ $ $ adjustment for Restricted Assets for the purpose of the 2015/2016 budget was $3,636,000. Financial Assets The actual net current asset position balance shown in the audited fi nancial report as at 30 June Cash and cash equivalents 17,186,154 32,544,972 17,186,154 32,544,972 2016 and after adjustment for Restricted Assets was $3,429,500. Receivables 2,266,010 2,236,055 2,266,010 2,236,055 Held-to-maturity investments 683,600 737,518 541,829 641,707 33. Economic dependency 20,135,764 35,518,545 19,993,993 35,422,734 Financial Liabilities The Town does not usually receive a signifi cant portion of revenue by way of grants from the Payables 6,644,755 6,618,156 6,644,755 6,618,156 State and Federal Government. However this fi nancial year the total amount of cash grant Borrowings 13,749,518 13,215,003 11,943,281 13,178,771 and contributions received from government sources for the year ended 30 June 2016 is $5,410,534 which represents 10.5% of total revenue of $51,351,802. A further non cash 20,394,273 19,833,159 18,588,036 19,796,927 contribution of $27,363,636 was received in relation to the Perry Lakes Development (see Note13). The amount of grants and contributions received by program is disclosed in Note 21. Fair value is determined as follows: • Cash and Cash Equivalents, Receivables, Payables - estimated to the carrying value which approximates net market value. 34. Financial risk management • Borrowings - estimated future cash fl ows discounted by the current market interest rates applicable to assets and liabilities with similar risk profi les. Council’s activities expose it to a variety of fi nancial risks including price risk, credit risk, liquidity • Held to Maturity investments are based on net realisable value as at the reporting date. risk and interest rate risk. The Council’s overall risk management focuses on the unpredictability of fi nancial markets and seeks to minimise potential adverse effects on the fi nancial (a) Cash and Cash Equivalents Held-to-maturity investments performance of the Council. Council’s objective is to maximise its return on cash and investments whilst maintaining an Council does not engage in transactions expressed in foreign currencies and is therefore not adequate level of liquidity and preserving capital. The fi nance area manages the cash and subject to foreign currency risk. investments portfolio with the assistance of an independent adviser. Council has an investment Financial risk management is carried out by the fi nance area under policies approved by the Council. policy and the policy is subject to review by Council. An Investment Report is provided to Council on a monthly basis setting out the make-up and performance of the portfolio. The major risk associated with investments is price risk - the risk that the capital value of investments may fl uctuate due to changes in market prices, whether these changes are caused by factors specifi c to individual fi nancial instruments of their issuers or factors affecting similar instruments traded in a market. Cash and investments are also subject to interest rate risk - the risk that movements in interest rates could affect returns. Another risk associated with cash and investments is credit risk - the risk that a contracting entity will not complete its obligations under a fi nancial instrument resulting in a fi nancial loss to Council. Council manages these risks by diversifying its portfolio and only purchasing investments with high credit ratings or capital guarantees. Council also seeks advice from an independent advisor before placing any cash into investments. 32. Budget comparisons – non operating The Council held the following fi nancial instruments at reporting date: Carrying Value Fair Value Net Current Asset Position 2016 2015 2016 2015 The net current asset position balance carried forward from the previous fi nancial year after $ $ $ $ adjustment for Restricted Assets for the purpose of the 2015/2016 budget was $3,636,000. Financial Assets The actual net current asset position balance shown in the audited fi nancial report as at 30 June Cash and cash equivalents 17,186,154 32,544,972 17,186,154 32,544,972 2016 and after adjustment for Restricted Assets was $3,429,500. Receivables 2,266,010 2,236,055 2,266,010 2,236,055 Held-to-maturity investments 683,600 737,518 541,829 641,707 33. Economic dependency 20,135,764 35,518,545 19,993,993 35,422,734 Financial Liabilities The Town does not usually receive a signifi cant portion of revenue by way of grants from the Payables 6,644,755 6,618,156 6,644,755 6,618,156 State and Federal Government. However this fi nancial year the total amount of cash grant Borrowings 13,749,518 13,215,003 11,943,281 13,178,771 and contributions received from government sources for the year ended 30 June 2016 is $5,410,534 which represents 10.5% of total revenue of $51,351,802. A further non cash 20,394,273 19,833,159 18,588,036 19,796,927 contribution of $27,363,636 was received in relation to the Perry Lakes Development (see Note13). The amount of grants and contributions received by program is disclosed in Note 21. Fair value is determined as follows: • Cash and Cash Equivalents, Receivables, Payables - estimated to the carrying value which approximates net market value. 34. Financial risk management • Borrowings - estimated future cash fl ows discounted by the current market interest rates applicable to assets and liabilities with similar risk profi les. Council’s activities expose it to a variety of fi nancial risks including price risk, credit risk, liquidity • Held to Maturity investments are based on net realisable value as at the reporting date. risk and interest rate risk. The Council’s overall risk management focuses on the unpredictability of fi nancial markets and seeks to minimise potential adverse effects on the fi nancial (a) Cash and Cash Equivalents Held-to-maturity investments performance of the Council. Notes to andFormingPart oftheFinancial Report Council’s objective is to maximise its return on cash and investments whilst maintaining an Council does not engage in transactions expressed in foreign currencies and is therefore not adequate level of liquidity and preserving capital. The fi nance area manages the cash and subject to foreign currency risk. investments portfolio with the assistance of an independent adviser. Council has an investment Financial risk management is carried out by the fi nance area under policies approved by the Council. policy and the policy is subject to review by Council. An Investment Report is provided to Council on a monthly basis setting out the make-up and performance of the portfolio. The major risk associated with investments is price risk - the risk that the capital value of investments may fl uctuate due to changes in market prices, whether these changes are caused by factors specifi c to individual fi nancial instruments of their issuers or factors affecting similar instruments traded in a market. Cash and investments are also subject to interest rate risk - the risk that movements in interest rates could affect returns. Another risk associated with cash and investments is credit risk - the risk that a contracting entity will not complete its obligations under a fi nancial instrument resulting in a fi nancial loss to Council. Council manages these risks by diversifying its portfolio and only purchasing investments with high credit ratings or capital guarantees. Council also seeks advice from an independent advisor before placing any cash into investments. 89 90

30 June 2016 30 June 2015 Council’s terms of trade are thirty days. Town ofCambridge AnnualReport 2015-2016 Sensitivity Analysis $ $ Impact of a 2.5% (2014/2015:5%*) movement in price of investments (c) Payables Equity 17,000 37,000 Borrowings Statement of Comprehensive Income 17,000 37,000 Payables and borrowings are both subject to liquidity risk - that is the risk that insuffi cient Impact of a 0.25% (2014/2015:0.5%) movement in interest rates on cash and investments: funds may be on hand to meet payment obligations as and when they fall due. Council Equity 45,000 166,000 manages this risk by monitoring its cash fl ow requirements and liquidity levels and Statement of Comprehensive Income 45,000 166,000 maintaining an adequate cash buffer. Notes: (*) Sensitivity percentages based on management’s expectation of future possible The contractual undiscounted cash fl ows of Council’s Payables and Borrowings are set out in market movements. the Liquidity Sensitivity Table below:

(b) Receivables Total Council’s major receivables comprise rates and annual charges and user charges and fees. Due within Due between Due after contractual Carrying The major risk associated with these receivables is credit risk - the risk that the debts may 1 Year 1 and 5 Years 5 Years cash ﬂ ows values not be repaid. Council manages this risk by monitoring outstanding debt and employing debt $ $ $ $ $ recovery policies. 2015 Credit risk on rates and annual charges is minimised by the ability of Council to recover these Payables 6,618,156 - - 6,618,156 6,618,156 debts as a secured charge over the land - that is, the land can be sold to recover the debt. Borrowings 987,400 3,901,178 12,165,794 17,054,372 13,215,003 Council is also able to charge interest on overdue rates and annual charges at higher than 7,605,556 3,901,178 12,165,794 23,672,528 19,833,159 market rates, which further encourages payment. 2016 The level of outstanding receivables is reported to Council monthly and benchmarks are set and monitored for acceptable collection performance. Payables 6,644,755 - - 6,644,755 6,644,755 Council makes suitable provision for doubtful receivables as required and carried out credit Borrowings 2,102,261 3,854,874 10,916,171 16,873,307 13,749,518 checks on most non rate debtors. 8,747,016 3,854,874 10,916,171 23,518,062 20,394,273

There are no material receivables that have been subject to a re-negotiation of repayment Borrowings are also subject to interest rate risk - the risk that movements in interest rates terms. could adversely affect funding costs. Council manages this risk by borrowing long term The proﬁ le of Council’s credit risk at reporting date was: and ﬁ xing the interest rate to the situation considered the most advantageous at the time of negotiation. 30 June 2016 30 June 2015 Percentage of Rates and Annual Charges Current 0% 0% Overdue 100% 100% ll rates outstanding at year end for 2015/2016 are regarded as being overdue Percentage of Other Receivables: Current 47% 37% Overdue 53% 63%

Trade receivables outstanding for more than thirty days are considered to be overdue. The following tables set out the carrying amount of the ﬁ nancial instruments exposed to interest rate risk:

< 1 Year > 1 < 2 Years > 2 < 3 Years > 3 < 4 Years > 4 < 5 Years > 5 Years Total Weighted Average $ $ $ $ $ $ $ Effective Interest Rate % Year Ended 30 June 2015 Borrowings Fixed Rate Debentures 588,960 609,605 610,195 627,636 646,997 10,131,610 13,215,003 Weighted Average Effective Interest Rate 3.02% 2.99% 2.98% 3.03% 3.02% 3.00% - 3.01%

Year Ended 30 June 2016 Borrowings Fixed Rate Debentures 1,766,817 643,958 638,266 656,992 676,460 9,367,025 13,749,518 Weighted Average Effective Interest Rate 2.44% 2.82% 2.82% 2.81% 2.80% 2.90% - 2.76% Notes to andFormingPart oftheFinancial Report 91 92

# For the asset renewal funding ratio, the assumption has been made that planned asset renewal Town ofCambridge AnnualReport 2015-2016 35. Auditors remuneration expenditure over the next 10 years will be in line with required capital expenditure. 30 June 2016 30 June 2015 Current Ratio $ $ Purpose: To assess adequacy of working capital and the ability to satisfy short term obligations. Audit of Financial Report 26,606 27,924 Other Services 12,356 1,200 Debt Service Cover Ratio 38,962 29,124 Purpose: To measure the ability to repay debt including lease payments.

The above fees relate to provision of external audit services only. Own Source Revenue Coverage Ratio Purpose: To measure the ability to cover operating costs from its own source of revenue. 36. Financial ratios of the accounts Operating Surplus Ratio Purpose: To measure the ability to cover operational costs and any remaining revenue available Ratio 2012 2013 2014 2015 2016 for capital funding or other purposes. Current Ratio Asset Consumption Ratio (Current assets minus restricted assets) 2.18:1 1.65:1 1.22:1 1.56:1 4.31:1 (Current liabilities minus liabilities associated with restricted assets) Purpose: To measure the extent to which depreciable assets have been consumed. Debt Service Cover Ratio Asset Sustainability Ratio Annual Operating Surplus before interest and expenditure 9.95 21.76 30.09 10.03 11.34 Purpose: To assess the rate of replacing or renewing existing non ﬁ nancial assets to the Principal and Interest consumption rate of total asset stock. Own Source Revenue Coverage Ratio Asset Renewal Funding Ratio Own Source Operating Expense 0.97 1.15 1.39 1.09 1.04 Purpose: To measure the ability to fund future projected asset renewal or replacement. Operating Expense Operating Surplus Ratio Operating Revenue less Operating Expense 4.3% 19.1% 33.0% 18.3% 8.5% Own Source Operating Revenue Asset Consumption Ratio Depreciated Replacement Cost of Depreciable Assets 56.7% 56.9% 58.1% 54.1% 56.5% Current Replacement Cost of Depreciable Assets Asset Sustainability Ratio Capital Renewal and Replacement Expenditure 1.9 1.14 1.16 1.51 4.34 Depreciation Asset Renewal Funding Ratio # NPV of Planned Capital Renews over 10 years N/A 1.0 1.0 1.0 1.0 NPV of Required Capital Expenditure over 10 years Cambridge Community Administration/Civic Centre 1 Bold Park Drive, Floreat WA 6014 Monday to Friday 8.00am to 5.00pm

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