Unley Publications : Unley Life Spring 2018
UNLEYLIFE 31 $1.5m $1.5m $116k Unley Oval Grandstand LED Street Lighting Community Events HOW THE PLAN AND BUDGET IS DEVELOPED The Annual Business Plan and Budget is set and endorsed by Council. Each year, prior to development, City of Unley staff review services to: • predict the community’s demand in the upcoming financial year; • determine the most cost effective and efficient method of delivery; and • establish any additional services that may be required to meet the goals outlined in the Community Plan 2033. A number of workshops with Elected Members were held during the budgeting process. Information showing the cost of services and projects was presented for consideration and discussion. Residents were encouraged to participate in developing the Annual Business Plan by providing feedback on the draft at public meetings or by written submission. FINANCIAL SUSTAINABILITY On 25 June 2018, Council adopted the Budget for the 2018-19 financial year. This year’s budget has allocated $44.4 million to continuing the existing level of services with an additional $1.242 million for new operating initiatives. The budget also includes $15.95 million for replacement and new infrastructure. To fund the Council’s expenditure requirements, income has been budgeted at $48 million. The following key financial indicators demonstrate the City of Unley’s financial sustainability: • all operating expenses are fully funded; • net financial liabilities (in broad terms borrowings) as a percentage of operating income is within a manageable range; and • capital expenditure for replacement and upgrade of assets is greater than target. HOW RATES ARE DETERMINED In setting the rates for the financial year, Council considers the current economic climate, specific issues faced by the community, the impact of rates on the community and its Community Plan, which determines: • what services will be provided; • what works will be undertaken; and • how community assets will be managed. The cost of providing services, undertaking works, projects and managing community assets is then determined and the amount of income that is to be received from grants and subsidies is estimated. The amount of income from grants and subsidies is subtracted from the estimated expenditure. The remaining balance is the amount that will need to be collected through rates. For the majority, individual property rates are calculated by multiplying the property’s capital valuation (as determined by the South Australian Valuer-General), by a rate in the dollar. Council considers that rates based on the capital value of the property provide the fairest method of distributing the rate burden across all ratepayers. At the City of Unley, we have a minimum rate, which ensures all ratepayers contribute towards the provision of basic services at a reasonable level. In 2018-19, the minimum will increase from $781 to $805 per annum. IMPACT ON RATEPAYERS The amount existing ratepayers will pay in general rates will increase by an average of 2.8%. For a residential property of average value, this equates to an increase in general rates of approximately $49 for the 2018-19 year. Rate increases may vary from the average where there has been new development, capital improvements or other significant change to the value of the property. NATURAL RESOURCE MANAGEMENT LEVY The Natural Resources Management Levy is a State tax, which Council is obliged, by virtue of the Natural Resources Management Act 2004 to impose and collect. The proceeds are paid to the Adelaide and Mount Lofty Ranges Natural Resources Management Board (NRMB). The Council will collect $1.338 million in the 2018-19 financial year. For specific information about how this levy is used please contact the Adelaide and Mount Lofty Ranges NRMB by phoning 8273 9100 or viewing the NRMB website at naturalresources.sa.gov.au SEPARATE RATE A separate rate is levied against certain commercial properties along Unley, King William, Goodwood, Fullarton. The Council has determined to raise a separate rate, for the purposes of promotion of the businesses and traders located along major shopping strips. Council has capped the amount that any main street precinct separate ratepayer pays at $2,000. These funds are collected by Council and then provided to each of the Associations to manage their own marketing activity. Council has endorsed a plan to replace all asphalt footways with pavers. It is anticipated that the City of Unley will be fully paved by June 2019.
Unley Life Winter 2018