CitCyit ofy ofPo Prto Lrtin Lcinolnco ln AnnAnnualual Bus Binuseinsse ssPlan Pl an2016 201/290/217020 Draft Annual Business Plan For the year ended 30 June 2020 Adopted for Consultation 20 May 2019 RM: N20194028 18.80.2.8 18.80.2.8.N:\Scan\Lynne ABP .2019Jolley-20\18.80.1.6 Draft Adopted ABP 2016-17 20160620.docx 12 | P a g e City of Port Lincoln Annual Business Plan 2019/2020 Table of Contents 1. INTRODUCTION .......................................................................................................................................... 3 2. CONTEXT STATEMENT ................................................................................................................................ 4 Our Place ............................................................................................................................................... 4 Our Community ...................................................................................................................................... 4 Our Vitality and Growth ......................................................................................................................... 4 3. OUR LONG TERM OBJECTIVES .................................................................................................................... 5 4. LONG TERM FINANCIAL STRATEGY............................................................................................................. 6 Financial Ratios ...................................................................................................................................... 6 Operating Surplus Ratio .......................................................................................................................... 7 Net Financial Liabilities Ratio .................................................................................................................. 8 Asset Sustainability Ratio ....................................................................................................................... 9 Overall Assessment of Council’s Financial Sustainability (based on the above Ratios) ............................... 9 5. SIGNIFICANT INFLUENCES AND PRIORITIES.............................................................................................. 10 External ............................................................................................................................................... 10 Cost Increases ...................................................................................................................................... 10 Efficiencies ........................................................................................................................................... 10 Grant Revenues .................................................................................................................................... 10 Funding and Partnerships ..................................................................................................................... 10 Development and Other Legislation ...................................................................................................... 11 Licensing Requirements for Supply of Recycled Water ........................................................................... 11 Infrastructure Priorities ........................................................................................................................ 11 Mandatory Rate Rebate – Community Services ..................................................................................... 11 Representative Organisation Memberships ........................................................................................... 11 Internal Analysis ................................................................................................................................... 12 Indoor Aquatic Facility Refurbishment and Leisure Centre Expansion ..................................................... 12 Stormwater Works - Liverpool Street Pump Station Upgrade ................................................................. 12 Strategic Land Purchases ...................................................................................................................... 12 6. FUNCTIONAL AREAS AND PROJECTS ........................................................................................................ 13 Budget Summary .................................................................................................................................. 16 7. FINANCIAL SUSTAINABILITY/FINANCIAL PERFORMANCE MEASURES ...................................................... 18 8. NON-FINANCIAL PERFORMANCE MEASURES FOR 2019/2020 ................................................................ 20 9. FUNDING THE BUSINESS PLAN ................................................................................................................. 21 10. UNIFORM RESENTATION OF COUNCIL FINANCES .................................................................................... 22 11. RATING ARRANGEMENTS 2019/20 .......................................................................................................... 23 Rating Basis – Site Value ....................................................................................................................... 23 General Rates (s153 and s156) .............................................................................................................. 23 18.80.2.8. ABP 2019-20 Draft 1 | P a g e City of Port Lincoln Annual Business Plan 2019/2020 Fixed Charge ........................................................................................................................................ 25 Waste and Recycling Service Charges .................................................................................................... 26 Natural Resources Management Levy ................................................................................................... 28 Rates Summary .................................................................................................................................... 29 Rates Impact Statement ....................................................................................................................... 29 Payment of Rates ................................................................................................................................. 30 Incentive for Early Payment of Rates ..................................................................................................... 30 Late Payment of Rates .......................................................................................................................... 30 Recovery of Outstanding Rates ............................................................................................................. 30 Sale of Land for Non-Payment of Rates ................................................................................................. 31 Rate Concessions .................................................................................................................................. 31 Remission and Postponement of Rates ................................................................................................. 31 Rebate of Rates .................................................................................................................................... 31 Policy 7.63.8 Rates Concession Scheme ................................................................................................. 32 12. CONSULTATION ........................................................................................................................................ 33 13. CONTACT DETAILS .................................................................................................................................... 33 APPENDIX 1 – Explanation of Uniform Presentation of Finances ........................................................................ 34 APPENDIX 2 – Statutory Statements .................................................................................................................... 35 APPENDIX 3 – Annual Business Plan Projects with Additional Information ......................................................... 39 APPENDIX 4 – 2019/2020 Budget by Function ..................................................................................................... 40 APPENDIX 5 – Achievements 2018/2019 ............................................................................................................. 43 18.80.2.8. ABP 2019-20 Draft 2 | P a g e City of Port Lincoln Annual Business Plan 2019/2020 1. INTRODUCTION Section 123 of the Local Government Act 1999 (the Act), requires councils to develop a budget for each financial year. Councils must prepare, as part of the budget development process, an Annual Business Plan. This Annual Business Plan sets out the City of Port Lincoln’s proposed services, programs and projects for 2019/20. Council aims to maintain efficient services for the community and continue progress towards the longer term objectives for the City of Port Lincoln as set out in Council’s Strategic Directions Plan 2016-2026. The specific objectives for the year are consistent with the Council’s Long Term Financial Plan and Infrastructure and Asset Management Plan, to ensure the long-term sustainability of the Council’s financial performance and position. The 2019/20 Annual Business