Rous County Council Financial Planning – 2017

Rous County Council Financial Planning – 2017 Bulk Water Retail Water Flood Mitigation Weed Biosecurity Commercial Activities

Final report

17-007

1 May 2017

Hydrosphere Consulting Pty Ltd Suite 6, 26-54 River Street PO Box 7059, BALLINA NSW 2478 Telephone: 02 6686 0006 © Copyright 2017 Hydrosphere Consulting

PROJECT 17-007 – ROUS COUNTY COUNCIL FINANCIAL PLAN 2017 REV DESCRIPTION ORIG REVIEW APPROVAL DATE

A First draft for RCC review R. Campbell G. Bezrouchko

0 Final Draft Report R. Campbell M. Howland M. Howland 1 Feb 2017

1 Updated CWP R. Campbell R. Campbell 14 March 2017

1a Updated with MVV R. Campbell 7 April 2017

1 Issued as Final Draft R. Campbell 1 May 2017

Disclaimer

This report has been prepared on behalf of and for the exclusive use of Rous County Council, and is subject to and issued in accordance with the agreement between Rous County Council and Hydrosphere Consulting. Hydrosphere Consulting accepts no liability or responsibility whatsoever for it in respect of any use of or reliance upon this report by any third party.

Copying this report without the permission of Rous County Council or Hydrosphere Consulting is not permitted.

ROUS COUNTY COUNCIL FINANCIAL PLAN – 2017

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CONTENTS

1. INTRODUCTION ................................................................................................................................. 1

1.1 Mission, Vision and Values ................................................................................................................. 1

2. METHODOLOGY ................................................................................................................................ 2

2.1 Financial Modelling ............................................................................................................................. 2

3. BULK WATER SUPPLY...................................................................................................................... 3

3.1 Introduction ......................................................................................................................................... 3

3.2 Model Inputs ....................................................................................................................................... 3

3.2.1 Input Data ....................................................................................................................................... 3

3.2.2 Capital Works Program .................................................................................................................. 4

3.2.3 Recurrent Costs .............................................................................................................................. 5

3.2.4 Bulk Supply Revenue ..................................................................................................................... 5

3.2.5 Other Revenue ............................................................................................................................... 5

3.3 Funding ............................................................................................................................................... 5

3.4 Base Case .......................................................................................................................................... 6

3.4.1 Base Case Variation ....................................................................................................................... 7

3.5 Sensitivity Analysis ............................................................................................................................. 8

3.6 Key Outcomes .................................................................................................................................. 11

4. RETAIL WATER SUPPLY ................................................................................................................ 12

4.1 Introduction ....................................................................................................................................... 12

4.2 Model Inputs ..................................................................................................................................... 12

4.2.1 Input Data ..................................................................................................................................... 12

4.2.2 Capital Works Program ................................................................................................................ 13

4.2.3 Recurrent Costs ............................................................................................................................ 13

4.2.4 Other Revenue ............................................................................................................................. 14

4.3 Funding ............................................................................................................................................. 14

4.4 Model Outputs .................................................................................................................................. 14

5. FLOOD MITIGATION ........................................................................................................................ 15

5.1 Introduction ....................................................................................................................................... 15

5.2 Model Inputs ..................................................................................................................................... 16

5.2.1 Input Data ..................................................................................................................................... 16


5.2.3 Recurrent Costs ............................................................................................................................ 18


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5.2.4 Other Revenue ............................................................................................................................. 18

5.3 Funding ............................................................................................................................................ 19

5.4 Model Outputs .................................................................................................................................. 20

6. WEED BIOSECURITY ......................................................................................................................21

6.1 Introduction ...................................................................................................................................... 21

6.2 Model Inputs .................................................................................................................................... 22

6.2.1 Input Data .................................................................................................................................... 22


6.2.3 Recurrent Costs ........................................................................................................................... 23

6.2.4 Other Revenue ............................................................................................................................. 23

6.3 Funding ............................................................................................................................................ 24

6.4 Model Outputs .................................................................................................................................. 24

7. COMMERCIAL ACTIVITIES .............................................................................................................25

7.1 Introduction ...................................................................................................................................... 25

7.2 Model Inputs .................................................................................................................................... 26

7.2.1 Input Data .................................................................................................................................... 26


7.2.3 Recurrent Costs ........................................................................................................................... 27

7.2.4 Other Revenue ............................................................................................................................. 28

7.3 Model Outputs .................................................................................................................................. 28

8. CONSOLIDATED BUDGETS ............................................................................................................30

APPENDIX 1: CAPITAL WORKS PROGRAMS ..........................................................................................37

APPENDIX 2: FINMOD REPORTS – PREFERRED CASES ......................................................................39

TABLES

Table 1: FINMOD data modifications – bulk water supply ................................................................................ 3

Table 2: Input data – bulk water supply ............................................................................................................. 3

Table 3: Other revenue – bulk water supply ...................................................................................................... 5

Table 4: Sensitivity cases and outcomes – bulk water supply .......................................................................... 9

Table 5: Input data – retail water supply .......................................................................................................... 12

Table 6: Recurrent costs – retail water supply ................................................................................................ 14

Table 7: Other revenue – retail water supply ................................................................................................... 14

Table 8: FINMOD data modifications – flood mitigation .................................................................................. 16

Table 9: Input data – flood mitigation .............................................................................................................. 17


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Table 10: RCC current expenses – flood mitigation ......................................................................................... 18

Table 11: Other revenue – flood mitigation ...................................................................................................... 19

Table 12: FINMOD data modifications – weed biosecurity .............................................................................. 21

Table 13: Input data – weed biosecurity ........................................................................................................... 22

Table 14: RCC current expenses – weed biosecurity ...................................................................................... 23

Table 15: Other revenue – weed biosecurity.................................................................................................... 24

Table 16: Commercial activities ....................................................................................................................... 25

Table 17: FINMOD data modifications – commercial activities ........................................................................ 26

Table 18: Input data – commercial activities .................................................................................................... 26

Table 19: RCC current expenses – commercial activities ................................................................................ 27

Table 20: Net income – Perradenya development ($’000) ............................................................................... 28

Table 21: Other revenue – commercial activities ............................................................................................. 28

Table 22: Bulk Water Supply LTFM – base case ............................................................................................. 31

Table 23: Retail Water Supply LTFM – case 3................................................................................................. 32

Table 24: Flood Mitigation LTFM – case 3 ....................................................................................................... 33

Table 25: Weed Biosecurity LTFM – base case............................................................................................... 34

Table 26: Commercial Activities LTFM – base case ........................................................................................ 35

Table 27: Consolidated RCC Budget ............................................................................................................... 36

FIGURES

Figure 1: RCC mission, vision and values .......................................................................................................... 2

Figure 2: Capital works program – bulk water supply ........................................................................................ 4

Figure 3: Required income (dollar yield), cash & investments and borrowings (base case) – bulk water supply ............................................................................................................................................................................ 6

Figure 4: Required income (dollar yield) and new loans (base case) – bulk water supply ................................ 7

Figure 5: Comparison of Base Case Variations ................................................................................................. 8

Figure 6: Dollar yield (sensitivity cases) – bulk water supply ............................................................................. 9

Figure 7: Cash and investments (sensitivity cases) – bulk water supply ......................................................... 10

Figure 8: Borrowings (Sensitivity Cases) ......................................................................................................... 10

Figure 9: New Loans (Sensitivity Cases) ......................................................................................................... 11

Figure 10: Capital works program – retail water supply ................................................................................... 13

Figure 11: Average bills and cash and investments – retail water supply ....................................................... 15

Figure 12: Capital works program – flood mitigation ........................................................................................ 18

Figure 13: Council contribution and cash and investments – flood mitigation ................................................. 21


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Figure 14: Capital works program – weed biosecurity .................................................................................... 23

Figure 15: Council contribution and cash and investments – weed biosecurity .............................................. 25

Figure 16: Capital works program – commercial activities .............................................................................. 27

Figure 17: RWL revenue and cash and investments – commercial activities ................................................. 29


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1. INTRODUCTION

Hydrosphere Consulting has assisted Rous County Council (RCC) with the preparation of a consolidated Long-Term Financial Model (LTFM) for inclusion in Council’s Integrated Planning and Reporting 2017/18 – 2027/28. This report provides the results of the financial plan development undertaken for the 2016/17 financial year following the recent amalgamation of the former Far North Coast Weeds (FNCW) and Richmond River County Council (RRCC) into the new entity, RCC.

The LTFM accounts for the following funds:

• Bulk water supply – RCC (formerly Rous Water) is the bulk water supplier to four constituentcouncils (Ballina, Lismore, Byron and Richmond Valley);

• Retail water supply – RCC provides water to retail customers direct from the bulk water supplymains;

• Weed biosecurity - RCC (formerly FNCW) undertakes weed management services across the fourconstituent council areas;

• Flood mitigation – RCC (formerly RRCC) has delegated responsibility for flood mitigation servicesacross the four constituent council areas; and

• Commercial activities – including Richmond Water Laboratories (RWL) and property managementactivities.

The aim of this report is to provide information to RCC on the impact of the proposed expenditure program on the required revenue to be recovered from the constituent councils over the next four years and to present the financial position of the RCC business activities.

All dollar values presented in this report are in current (2017) dollars unless otherwise specified.

1.1 Mission, Vision and Values

As part of the review of the Business Activity Strategic Plan, RCC has developed the corporate objectives shown in Figure 1. These objectives direct RCC’s financial management goals.


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Figure 1: RCC mission, vision and values

2. METHODOLOGY

2.1 Financial Modelling

The aim of financial modelling is to:

• Meet the funding requirements of the capital works program, other life-cycle costs associated with system assets and business operations;

• Ensure an appropriate level of cash and liquidity; and

• Forecast the pricing structure over the long term.

Development of the LTFM will build on the work undertaken in previous years for the former Rous Water and RRCC including:

• Rous Water bulk water LTFM developed and reviewed annually using FINMOD;

• Rous Water retail water 10 year financial plan developed in 2016; and

• RRCC flood mitigation LTFM developed in 2010 using FINMOD.

FINMOD is the financial planning software developed by the NSW government for use by non-metropolitan water utilities. To provide consistent and accurate financial modelling, a LTFM has been established for the bulk water supply, retail water supply, flood mitigation and weed biosecurity funds using FINMOD. The FINMOD input and output data have been modified to better reflect the RCC operations and financial requirements for each fund. FINMOD has also been used to test various funding scenarios e.g. bulk water and retail water price paths and constituent council contributions.

The following sections describe the development and analysis of the LTFMs for each fund and the consolidated RCC LTFM.


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3. BULK WATER SUPPLY

3.1 Introduction

RCC is a bulk water supply authority and its customers are the four constituent councils who purchase bulk water. A financial model was developed for the Rous Water bulk water supply fund in 2009 using FINMOD. This model was updated annually by the former Rous Water.

The FINMOD input and output data were modified to better reflect the bulk water supply operations and financial requirements. These modifications are summarised in Table 1.

Table 1: FINMOD data modifications – bulk water supply

Traditional FINMOD Approach for Local Water Utilities Modified Approach for Rous Water

Number of residential assessments (i.e. residential customers)

Volume of bulk water sales (representing constituent council/retail demand)

Typical residential bill, TRB (the bill to be paid by a non-vacant, non-pensioner residential customer using the average amount of water)

Notional Price ($/ML) (the rate to be paid by the constituent councils purchasing bulk water)

Residential income = Number of assessments x TRB ($/assessment)

Bulk water supply income (dollar yield) = volume of bulk water sales in previous year (ML) x Notional Price ($/ML)

Previous versions of the bulk water supply LTFM have addressed all business activities of the former Rous Water including retail water supply, land development and property management activities relating to the water supply businesses. The LTFM developed for the RCC bulk water supply business now excludes these activities.

3.2 Model Inputs

3.2.1 Input Data

Input data are summarised in Table 2.

Table 2: Input data – bulk water supply

Item Data Used

Historical data Historical financial statements for 2014/15 and 2015/16.

Financial data Inflation 2.5%, Borrowing interest rate 6.5%, Investment interest rate 4.5% for 30 years

Residential assessments Previous year volume supplied (9,440 ML). As the notional price is modified each year, the demand is kept constant to generate the required income.

2016/17 TRB Notional $/ML = 1,818 (refer Section 3.2.4).

Future developer charges Income from developer charges will be $1.5 million in 2016/17 then $2.5 million p.a.

30 year capital works program (CWP)

Bulk Supply CWP (refer Section 3.2.2 and Appendix 1)


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Item Data Used

Capital works grants None apart from costs recovered from Roads and Maritime Services for water main relocations: $1.496 million in 2016/17.

30 year operation, maintenance and administration (OMA) costs

Refer Section 3.2.3.

Existing loan payments From Rous Water Loan Register

Balance Sheet (2015/16)

Cash $18.653 million 1

Debt $32.72 million

Replacement cost of system assets $465.4 million

1. Historical cash has been reduced from $23.727 million in 2015/16 to account for amounts in reserve ($1.83 million foremployee leave entitlements and $0.593 million for office equipment) and amounts allocated to commercial activities ($1.651 million) and the retail water supply business ($1.0 million).

3.2.2 Capital Works Program

The 30 year CWP is developed and reviewed annually through asset management planning (review of asset capacity, level of service and asset renewal requirements). The CWP used in this financial plan is included in Appendix 1 and major capital projects are highlighted in Figure 2.

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RCD tunnel access $5.1M, RMS main relocation $1.5M

St Helena 600 Stage 2 $20M

Coraki 225 $5.4M, Lennox Head bores $34M

St Helena 600 Stage 3 $6.5M, WTP renewals $2.7M

Knockrow 450 $9.8M

Dunoon Dam bores $25.6M

Dorroughby 600 $3.4M, Nightcap WTP renewals $3.3M

Figure 2: Capital works program – bulk water supply


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3.2.3 Recurrent Costs

FINMOD projects the base forecast recurrent expenditure from historical operating, maintenance and administration costs reported in the 2015/16 Rous Water financial statements (Special Schedule 3). These have been adjusted to reflect the changes (expected movements) from 2015/16 expenditure:

• The total recurrent expenditure budget is $13.54 million for 2016/17 (excluding depreciation andinterest payments); and

• The future water strategy (groundwater supplies) will require increases in operating expenditure by$1.56 million p.a. from 2024 and an additional $1.1 million p.a. from 2039.

3.2.4 Bulk Supply Revenue

RCC has negotiated the bulk water supply income (dollar yield) to be paid by the constituent councils in the short term as follows:

• 2016/17 – $17.160 million; and

• 2017/18 – Increase with rate pegging only.

3.2.5 Other Revenue

Income other than bulk water charges and interest income is reported separately in the financial model as shown in Table 3.

Table 3: Other revenue – bulk water supply

Item Data Used (p.a.)

Rental – bulk water supply properties $14,000

Miscellaneous (sundry) revenue $5,000

Gain on disposal of plant and equipment $2,000

Retail, weeds, flood and commercial staff motor vehicle running costs recovered $50,000

Weed biosecurity and flood mitigation administration costs recovered $292,000

Weed biosecurity and flood mitigation GIS/asset management costs recovered $12,500

Total $376,000

As part of the previous development of alternative water sources, RCC is funding the Perradenya land development including environmental costs, release 5b, 6 and 7 development costs, GST, commissions, legal costs and income from sales of land releases and remaining lots. The net cash flow from the Perradenya development has been included in the Commercial Activities LTFM (refer Section 7.2.4). The consolidated LTFM (Section 8) includes transfer of funds from the Bulk Water Supply LTFM to the Commercial Activities LTFM to fund these activities.

3.3 Funding

Where possible, the capital works programs and recurrent expenditure are funded through existing cash levels which are determined by the amount of revenue received from the constituent councils (dollar yield) and other revenue (Section 3.2.4). Where planned expenditure exceeds the available cash levels, loans are required. Conventional 20 year loans have been assumed.


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Based on ongoing consultation with the constituent councils, RCC will consider the following financial planning objectives:

• Delay the need to increase bulk water revenue outside rate pegging for as long as possible;

• Develop a bulk water pricing strategy where increases have gradual cost impacts; and

• Best endeavours to bring future revenue increases at 5% p.a. including rate pegging.

A minimum cash level of $2.0 million has been maintained for the LTFM.

3.4 Base Case

RCC will nominate a medium term yield path for consultation with the constituent councils. The base case provides an indication of the relative cost to RCC and its customers in terms of the dollar yield required to fund the bulk water supply activities.

The base case includes the 30 year capital works program and operating budget as described in Section 3.2.2 and 3.2.3 respectively.

The base case requires no increase in dollar yield (beyond consumer price index) until 2020/21 and 5% p.a. increase (in addition to movements in consumer price index and rate pegging) for the next six years. The long-term dollar yield will depend on future expenditure requirements which are yet to be confirmed.

Additional loans will be required to fund the proposed expenditure program in the base case ($15 million between 2018/19 and 2020/21 plus $87.5 million between 2021/22 and 2041/42). The loans are required to fund the major projects as shown in Figure 2.

The model outputs for the base case are shown as the required income (dollar yield), cash and investments and borrowings outstanding in Figure 3. The new loans required are shown in Figure 4.

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Figure 3: Required income (dollar yield), cash & investments and borrowings (base case) – bulk water supply


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Note: the long-term cash levels are dependent on future unidentified capital works and therefore there is limited confidence in cash levels beyond ten years.

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New loans (30 years): $102.5M (borrowing for major projects)

Rate pegging until 2020, then 5 % p.a. (plus rate pegging) for 6 years

St Helena 600 Stage 2 $20.5a

Lennox Head bores, Coraki 225 $39.5a

St Helena 600 Stage 3 $11.5a

Ynockrow 450 $6a

5unoon 5am bores $14a

5orroughby 600, bightcap WTP renewals $11a

Figure 4: Required income (dollar yield) and new loans (base case) – bulk water supply

3.4.1 Base Case Variation

A variation on the base case has also been modelled to provide an indication of a different funding approach assuming a steeper price increase is adopted to reduce the level of borrowing (refer Figure 5). In case 2, the dollar yield is increased by 5% in 2020/21 then 10% p.a. for two years and 5% in 2023/24. Loans can be reduced by $19.5 million over 30 years.

The net present value of the yield income (over 30 years @ 7% p.a.) in the base case and Case 2 is similar indicating a similar level of investment by the constituent councils in each case.


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Base Case: Rate pegging until 2020 then 5% p.a. Case 2: Rate pegging until 2020 then 10% p.a.Base Case: Rate pegging until 2020 then 5% p.a. Case 2: Rate pegging until 2020 then 10% p.a.

NPV $ yield (30 years @ 5% p.a.):.ase case: $331MCase 2: $332M

New loans (30 years):.ase case: $102.5MCase 2: $83M

Figure 5: Comparison of Base Case Variations

RCC has selected the funding scenario represented by the base case as its preferred scenario and this case has been included in the consolidated LTFM (Section 8).

3.5 Sensitivity Analysis

There is a significant level of uncertainty as to the future conditions that will affect the financial status of the bulk water supply business. RCC should allow for some of this uncertainty and reduce the need to deviate from the agreed path in the short-term.

Prior to selection of the appropriate yield path, it is prudent to undertake a sensitivity analysis to determine the impact of various parameters on the required dollar yield. Key data inputs for the base case (preferred case) have been modified to reflect likely scenarios for the sensitivity analysis, namely:

• Developer charges income;

• Capital costs; and

• Interest rates.

The sensitivity analysis scenarios agreed with RCC and the outcomes of the analysis are discussed in Table 4. Results for the sensitivity cases (cases 3, 4 and 5) are compared to the base case in Figure 6 to Figure 9.


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Table 4: Sensitivity cases and outcomes – bulk water supply

Case Name Description Outcomes (compared to base case)

3 Reduced developer charges income

Developer charges income is reduced by 25% p.a. for 30 years.

The dollar yield will need to increase by an additional 2% p.a. in 2021/22, 2022/23 and 2023/24 to make up the shortfall in developer income. Additional $13 million in borrowing is also required over 30 years.

4 Increased capital expenditure

Base case with 10% increase in total capital works costs over 30 years.

The dollar yield will need to increase by an additional 2% p.a. in 2021/22, 2022/23 and 2023/24 to fund the additional expenditure. Additional $29 million in borrowing is also required over 30 years.

5 Increased interest rates

Borrowing interest rate is 8.5% p.a. and investment interest rate is 6.5% p.a. for 30 years (2% higher than base case).

The dollar yield will need to increase by an additional 2% p.a.in 2022/23, 2023/24 and 2024/25 to compensate for the increased interest payments. Additional $17 million in borrowing is also required over 30 years.

All the sensitivity cases are possible so the yield should be set at a level which considers all foreseeable outcomes, allows for variability in the above parameters and provides a smooth transition to the required dollar yield.

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Base Case: Rate pegging until 2020 then 5% p.a. Base Case with 25% less developer income

Base case with 10% increased capital cost from 17/18 Base case with 2% higher rates

Figure 6: Dollar yield (sensitivity cases) – bulk water supply


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Figure 7: Cash and investments (sensitivity cases) – bulk water supply Note: the long-term cash levels are dependent on future unidentified capital works and therefore there is limited confidence in cash levels beyond ten years.

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Figure 8: Borrowings (Sensitivity Cases)


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Base Case: Rate pegging until 2020 then 5% p.a. Base Case with 25% less developer incomeBase case with 10% increased capital cost from 17/18 Base case with 2% higher rates

Figure 9: New Loans (Sensitivity Cases)

3.6 Key Outcomes

The financial modelling has shown that increases in dollar yield beyond rate pegging/indexation are expected to be required from 2020/21 onwards. New loans are also expected to be required from 2018/19 in order to fund the proposed expenditure program.

Based on the sensitivity analysis, the required short-term dollar yield can remain at the current level (in real terms) for the next three years with increases of 5 - 7% p.a. for the following six years (in addition to rate pegging). The yield increases required will depend on the level of interest rates, developer charges income and expenditure requirements.

With this level of yield increase, new loans will also be required over the 30 year period. The level of borrowing can be reduced by $19.5 million over 30 years with higher increases in dollar yield (10% p.a.).

Increases in dollar yield for the next six years are predicted as follows:

• 2017/18: no increase (rate pegging only);



• 2020/21: 5%;

• 2021/22: between 5% and 7%; and

• 2022/23: between 5% and 7%.

Increases in dollar yield may also be required after 2022/23 and will depend on the level of interest rates, developer charges income and expenditure requirements.


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The predicted loans required over the next six years are as follows:

• 2017/18: zero;

• 2018/19: between $4.5 million and $5 million;

• 2019/20: between $5.5 million and $6 million;

• 2020/21: between $4.5 million and $6.5 million;

• 2021/22: between $5.0 million and $6.5 million; and

• 2022/23: between $20 million and $22 million.

Loans are also expected to be required after 2022/23.

Future changes due to uncontrollable variables such as interest rates, growth rates and energy costs and the influence of climate may be significant. While the sensitivity analysis undertaken for this financial plan review has assessed the impact of readily quantifiable parameters, the financial models must be revisited regularly and the data updated to avoid potential shortfalls.

4. RETAIL WATER SUPPLY

4.1 Introduction

RCC provides water supply services to 2,032 rural and urban connections (retail customers) direct from the bulk supply trunk main system. A preliminary ten-year spreadsheet financial model of the retail water supply business was developed in early 2016.

A LTFM has been developed for the RCC retail water supply business using FINMOD. The traditional FINMOD approach has been applied with the main output as the TRB (all retail customers are treated as residential customers).

4.2 Model Inputs

4.2.1 Input Data


Table 5: Input data – retail water supply

Item Data Used

Historical data Not available


Residential assessments 2,032 retail customers

2016/17 TRB $949 per assessment: Fixed fee = $149.65, usage charge = $2.15 per kL, average usage = 372 kL/a.

Developer charges Nil. Future development costs within the retail supply system are to be managed by agreement with 'price on application' on a case-by-case basis. Bulk supply developer charges are included in the bulk water supply fund.


Retail Water Supply CWP (refer Section 4.2.2 and Appendix 1)


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Item Data Used

Capital works grants None.

30 year OMA costs Refer Section 4.2.3.


Cash $1.0 million 1

Debt nil

1. Historical cash has been re-allocated to the retail water supply fund from the bulk water supply fund.


The 30 year CWP is developed and reviewed annually through asset management planning (review of asset capacity, level of service and asset renewal requirements). The CWP used in this financial plan is included in Appendix 1 and Figure 10.

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Figure 10: Capital works program – retail water supply


Annual operating, maintenance and administration costs are shown in Table 6. Bulk supply costs are applied at the same rate as for constituent councils. Increases in bulk supply costs discussed in Section 3 have not been included in the retail water supply LTFM but should be considered in future LTFM updates.


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Table 6: Recurrent costs – retail water supply

Item Details Data Used (p.a.)

Salaries Management and meter reading staff $319,600

Operations and maintenance

Operations and maintenance staff, plant, purchasing, contractors $567,900

Administration Customer management and water billing $50,600

Bulk water purchase Estimate 756 ML/a at $1,818 per ML $1,373,325

Total $2,311,425

4.2.4 Other Revenue

Income other than retail water charges and interest income is reported separately in the financial model as shown in Table 7. Capital costs relating to new connections are also recovered directly from the developer ($22,000 for South Gundarimba reticulation in 2016/17).

Table 7: Other revenue – retail water supply

Item Data Used (p.a.)

Water sales - filling stations $130,000

Connection/disconnection fees $10,000

Property certificates S603 & S735a $7,000

Permit fees - bulk water carrier $12,000

Total $159,000

4.3 Funding

In 2016/17, RCC adopted a 5% increase in fixed and usage charges (including inflation), following two years of 3% increases p.a.

Where possible, the capital works programs and recurrent expenditure are funded through existing cash levels which are determined by the amount of revenue received from the retail customers and other revenue. If cash levels are not sufficient, increases in pricing have been assumed. Minimum cash levels of $200,000 have been targeted.

4.4 Model Outputs

The financial modelling indicates that the retail water supply price will need to increase further over the short-term to fund the water supply activities. Cases have been modelled as follows:

• Case 1 – current pricing;

• Case 2 – 5% increase for 3 years; and

• Case 3 – 3% increase for 5 years.

Average bills and cash and investment levels for each case are shown in Figure 11.


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Figure 11: Average bills and cash and investments – retail water supply

Case 1 (current pricing) will result in negative cash levels from 2017/18 onwards. Case 2 (5% p.a. increase) will result in positive cash levels from 2020/21 onwards and Case 3 (3% p.a. increase) will result in positive cash levels from 2033/34 onwards. The resulting cash level is influenced by the amount allocated to the retail fund from the bulk water supply fund at the start of 2016/17 ($1 million in this LTFM). In addition, the income from retail water sales will vary from year to year based on consumption and bulk water supply charges will impact on expenditure levels. A sensitivity analysis has not been undertaken but future review of the retail water supply LTFM should consider the impact of these scenarios.

RCC has selected the funding scenario represented by case 3 as its preferred scenario and this case has been included in the consolidated LTFM (Section 8).

5. FLOOD MITIGATION

5.1 Introduction

RCC is a specific purpose Council with the responsibility for flood mitigation and related natural resource management within the constituent council areas (excluding Byron). RRCC was originally constituted in 1959 to exercise the powers and duties for “the prevention or mitigation of menace to safety of life or property from flood”. The powers and duties were amended in 2008 to include natural resource management (NRM) issues arising from flood mitigation activities.

The flood mitigation assets under RCC control include various levee systems, drains and canals, floodgate structures and pump stations. These include assets owned by RRCC but operated and maintained by the Councils at their cost (Lismore Levee and ex-drainage union assets).

The core business activities of RCC are:

• Operation of flood management assets apart from the Lismore Levee;


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• Preventative and proactive maintenance of flood management assets apart from Lismore Leveeincluding drain clearing and spraying;

• Minor new works/renewals of RCC assets;

• Flood management – flood studies and floodplain management plans;

• Natural resource management related to floodplain drainage assets including habitat restoration, wetpasture management, weed control, water quality, drainage remediation, tidal flushing, groundwatermanagement and environmental education and research; and

• Administration – human resources and provision of information relating to flood management;

Other activities undertaken by RCC on behalf of and funded by the constituent councils are:

• Major new works (e.g. new drainage assets);

• Ex-drainage union maintenance;

• Audit of Lismore Levee; and

• Studies and projects as required.

A financial model was developed for the former RRCC using FINMOD in 2010. The FINMOD input and output data were modified to better reflect the flood mitigation operations and financial requirements. These modifications are discussed in Table 8.

Table 8: FINMOD data modifications – flood mitigation

Traditional FINMOD Approach for Local Water Utilities

Modified Approach for RCC


Annual contribution from constituent councils ($/$’000) (the contribution to be paid by the constituent councils for delegation of flood management responsibilities)


Nominally 1,000 (representing thousands of dollars)


Annual constituent council contribution ($) = $1,000 x Annual contribution ($/$’000)

Other revenue (other income which is not sales of water or charges)

Revenue from grants and other contributions (e.g. State Government and Council asset maintenance and study contributions)

Developer Charges ($/new equivalent tenement, $/ET) None.

5.2 Model Inputs

5.2.1 Input Data



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Table 9: Input data – flood mitigation

Item Data Used

Historical data Historical financial statements for 2014/15 and 2015/16


2016/17 TRB Council contributions = $600,300 p.a.

30 year capital works program $300,000 p.a. (minor renewals), refer Section 5.2.2

Capital works grants None


Refer Section 5.2.3

Existing loan payments RCC services a loan for the Lismore levee on behalf of Lismore City Council with all costs recovered from Lismore City Council



Debt $200,000 2


1. Historical cash has been reduced from $2.593 million in 2015/16 to account for amounts in reserve ($104,000 foremployee leave entitlements)

2. RCC does not borrow for normal expenditure but services a loan on behalf of Lismore City Council for the LismoreLevee.


The 30 year CWP includes allowances for minor asset renewals, new tools and plant/equipment replacement. The CWP used in this financial plan is included in Appendix 1 and Figure 12. Modifications to the Lismore levee to be undertaken in 2016/17 will be funded by Lismore City Council.


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Figure 12: Capital works program – flood mitigation


A summary of the adopted flood mitigation expenditure budget is given in Table 10 (excluding one-off project expenditure, depreciation and loan repayments).

Table 10: RCC current expenses – flood mitigation

Component Details Budget ($’000 p.a.)

Maintenance - RCC Routine maintenance of RCC assets $194,200

Maintenance – councils Maintenance of other (Council) assets (ex- drainage union)

$75,000

Maintenance – other Flood damage, s355 works $39,000

Administration Overheads and contributions, Council fees, administration etc.

$370,300

Administration – other Insurance and audit – Lismore levee $22,200

Management costs Asset Engineer - Flood $116,400

Total Recurrent Expenses $817,100

5.2.4 Other Revenue

Income other than constituent council contributions and interest income is reported separately in the financial model as shown in Table 11. This does not include one-off grants or project related income. The loan repayment is also funded by Lismore City Council (at cost).


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Table 11: Other revenue – flood mitigation


Other contributions - maintenance Maintenance of other assets (ex-drainage union) $75,000

Other contributions - administration

Insurance and audit – Lismore levee $22,200

State government contribution Maintenance of floodgates, drains and levees (not indexed)

$84,600

Sundry income Motor vehicle income, sundries $5,000

Total $186,800

5.3 Funding

Constituent council contributions have not increased (apart from indexation) in recent times. RCC has negotiated the flood mitigation services income to be paid by the constituent councils in the short term as follows:

• 2016/17 – $600,300;

• 2017/18 – Increase with rate pegging only;


• 2019/20 – Increase with rate pegging only; and


Where possible, the capital works programs and recurrent expenditure is funded through existing cash levels which is determined by the contributions received from the constituent councils and other revenue. Where planned expenditure exceeds the available cash levels, increases in contributions are required to avoid drawdown of reserves. A minimum cash level of $500,000 should be maintained for the LTFM to account for unforeseen expenses.

There has been no definitive assessment of future expenditure requirements that are required to meet an acceptable level of flood mitigation service in terms of legislative obligations or asset requirements. However, RCC considers that the current level of resourcing is insufficient and the levels of service should be improved to ensure adequate coverage of its responsibilities as follows:

• RCC undertakes renewals on an annual basis however a long-term future expenditure program has not been developed;

• Routine maintenance activities are undertaken in accordance with staff availability and someactivities are not adequately resourced;

• NRM functions are not adequately resourced; and

• Heavy (non-routine) maintenance activities (usually outsourced) are not adequately funded.

This financial plan does not investigate future expenditure requirements but it is recommended that RCC develops a revenue strategy in consultation with the constituent councils to fund the desired level of service. The required level of service needs to be determined through development of a detailed asset management plan with consideration of:

• Asset value and condition;


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• Routine and heavy maintenance activities for each asset class;

• Renewal requirements; and

• NRM requirements (including the RCC obligations within the Richmond River Estuary Coastal ZoneManagement Plan).

The RCC asset management plan will be prepared in early 2017.

5.4 Model Outputs

Potential expenditure and funding scenarios to address future asset management requirements have been developed:

• Case 1 – existing service levels (renewals $300,000 p.a.) and constituent council contributions (rate pegging until 2020/21);

• Case 2 – existing constituent council contributions (rate pegging) and renewals reduced to ensurepositive cash levels for the next ten years; and

• Case 3 – existing constituent council contributions (rate pegging) until 2020/21 then increasedfunding to continue the existing service levels (renewals $300,000 p.a.).

Case 1 demonstrates that continuation of the existing cash and contribution levels are adequate to fund the existing service provision until 2020/21 after which surplus cash reserves (>$500,000) are depleted.

Case 2 shows that sufficient cash reserves can be maintained until 2025/26 if the renewal expenditure is reduced to $100,000 p.a. After this, cash reserves are depleted.

Case 3 demonstrates that the council contribution needs to increase to $1,000,000 p.a. between 2021/22 and 2022/23 (67% increase over 2 years) to fund the existing level of service (renewals of $300,000 p.a.) and maintain sufficient cash reserves.

RCC has selected the funding scenario represented by case 3 as its preferred scenario and this case has been included in the consolidated LTFM (Section 8).


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Figure 13: Council contribution and cash and investments – flood mitigation

6. WEED BIOSECURITY

6.1 Introduction

RCC undertakes weed management services across the four constituent council areas and is responsible for administering the Noxious Weeds Act 1993 in the region. Weed biosecurity services are also provided to Kyogle Council and Tweed Shire Council under a fee for service arrangement.

A financial model was developed for the RCC weed biosecurity business using FINMOD. The FINMOD input and output data have been modified to better reflect the weed management operations and financial requirements. These modifications are discussed in Table 12.

Table 12: FINMOD data modifications – weed biosecurity




Annual contribution from constituent councils ($/$’000) (the contribution to be paid by the constituent councils for delegation of weed management responsibilities)




Annual constituent council contribution ($) = $1,000 x Annual contribution ($/$’000)


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Revenue from grants and other contributions (e.g. State Government grants and contributions)


6.2 Model Inputs

6.2.1 Input Data


Table 13: Input data – weed biosecurity

Item Data Used

Historical data Historical financial statements for 2014/15 and 2015/16


2016/17 TRB Council contributions = $738,000 p.a.

30 year capital works program Refer Section 6.2.2

Capital works grants None.

30 year OMA costs Refer Section 6.2.3



Debt nil


1. Historical cash has been reduced from $1.172 million in 2015/16 to account for amounts in reserve ($102,000 foremployee leave entitlements)


The 30 year CWP includes allowances for IT and plant/equipment replacement. The CWP used in this financial plan is included in Appendix 1 and Figure 12.


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Figure 14: Capital works program – weed biosecurity


A summary of the adopted weed biosecurity expenditure budget is given in Table 10 (excluding one-off project expenditure and depreciation).

Table 14: RCC current expenses – weed biosecurity

Component Details Budget ($ p.a.)

Operations Extension officer, weeds officers, plant costs and contractors $789,700

Administration Overheads and contributions, Council fees, insurance, administration etc.

$291,500

Management costs Weed Manager $122,700

Total Recurrent Expenses $1,203,900

6.2.4 Other Revenue

Income other than constituent council contributions and interest income is reported separately in the financial model as shown in Table 15. This does not include one-off grants, fees for services or project related income.


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Table 15: Other revenue – weed biosecurity


Other contributions Property certificates etc. $11,100

State government contribution Weed Action Plan $562,800

Total $573,900

6.3 Funding

Constituent council contributions have not increased (apart from indexation) in recent times. RCC has negotiated the weed biosecurity services income to be paid by the constituent councils in the short term as follows:

• 2016/17 – $738,000;



• 2019/20 – Increase with rate pegging only; and


Where possible, the capital works programs and recurrent expenditure are funded through existing cash levels which are determined by the amount of revenue received from the constituent councils and other revenue (Section 6.2.4). A minimum cash level of $300,000 is targeted for the LTFM.

6.4 Model Outputs

The financial modelling indicates that the existing income is sufficient to fund the weed biosecurity activities (Figure 15).


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Figure 15: Council contribution and cash and investments – weed biosecurity

7. COMMERCIAL ACTIVITIES

7.1 Introduction

RCC commercial activities include (Table 16):

• Richmond Water Laboratories (RWL);

• Perradenya land development; and

• RCC commercial properties.

Table 16: Commercial activities

Activity Expenses Funding

Richmond Water Laboratories Staff, plant/materials, overheads, contributions, council fees, insurance, administration, equipment replacement

Income from RWL customers

Perradenya land development Environmental works, land development costs (funded by bulk water supply business)

Land sales

Commercial properties (EnviTE building, Molesworth St., rural rental properties – proposed Dunoon Dam)

Property management Reserves, investment property rental, commercial sub-leases, residential property rental


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A financial model was developed for the RCC commercial activities business using FINMOD. The FINMOD input and output data have been modified to better reflect the activities and financial requirements. These modifications are discussed in Table 17.

Table 17: FINMOD data modifications – commercial activities




Annual RWL income ($/$’000)




Annual RWL income ($) = $1,000 x annual income ($/$’000)


Revenue from rental properties etc.


7.2 Model Inputs

7.2.1 Input Data


Table 18: Input data – commercial activities

Item Data Used

Historical data Not available


2016/17 TRB RWL income = 758,100


Refer Section 7.2.2 and Appendix 1.

Capital works grants None


Refer Section 7.2.3.



Debt nil

1. Historical cash has been re-allocated from the bulk water supply fund commercial activities reserves.


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The 30 year CWP includes allowances for Perradenya environmental works (funded through the Bulk Water Supply fund) and RWL equipment replacement. The CWP used in the LTFM is included in Appendix 1 and Figure 16.

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Figure 16: Capital works program – commercial activities


A summary of the adopted commercial activities expenditure budget is given in Table 10 (excluding one-off project expenditure and depreciation).

Table 19: RCC current expenses – commercial activities

Component Details RWL Budget ($ p.a.) Commercial Property Budget ($ p.a.)

Operations Staff costs, plant/material costs and contractors

$485,200 $88,900

Administration Overheads and contributions, fees, insurance, administration etc.

$109,400 $76,400

Management costs $123,300 $20,000

Total Recurrent Expenses $717,900 $185,300


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7.2.4 Other Revenue

The net income from the Perradenya development as shown in Table 20 has been included in the Commercial Activities LTFM with funding provided by the Bulk Water Supply fund. The Commercial Activities capital works program also includes $250,000 for environmental works in 2016/17.

Table 20: Net income – Perradenya development ($’000)

Year 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26

Net income

-1,125 343 1,280 -2,000 398 1,898 -1,500 398 1,898 155

Maintenance costs for the Perradenya development are funded from reserves.

Income other than laboratory fees, contributions and interest income is reported separately in the financial model as shown in Table 21.

Table 21: Other revenue – commercial activities


Rental income Investment properties, commercial sub-leases, residential properties

$221,600

Miscellaneous Outgoings $12,500

Total $234,100

7.3 Model Outputs

Figure 17 shows the cash levels with the predicted RWL income of $758,100 p.a. The base case includes the Perradenya cash flow in the Commercial Activities fund and case 2 shows the cash levels with Perradenya activities funded by the Bulk Water Supply Fund.

The consolidated LTFM (Section 8) includes the base case Commercial Activities LTFM with transfers from the bulk water supply LTFM to fund Perradenya activities.


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Figure 17: RWL revenue and cash and investments – commercial activities


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8. CONSOLIDATED BUDGETS

FINMOD outputs from the preferred cases for each fund are attached in Appendix 2. Ten year budgets for each fund are given in Table 22 to Table 26 and consolidated in Table 27.


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Table 22: Bulk Water Supply LTFM – base case

Values in 2016/17 $'000

Year 1 2 3 4 5 6 7 8 9 102016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27

Operating RevenueRates & Service Availability ChargesUser Charges -$17,144 -$17,140 -$17,144 -$17,147 -$18,003 -$18,899 -$19,846 -$20,847 -$21,888 -$22,979 -$22,980Extra ChargesInterest Income -$548 -$258 -$179 -$175 -$183 -$168 -$164 -$127 -$110 -$153 -$164Other Revenues -$376 -$376 -$376 -$376 -$376 -$376 -$376 -$376 -$376 -$376 -$376Grants Grants for Acquisition of Assets -$1,496 Pensioner Rebate Subsidy -$10 -$10 -$10 -$9 -$9 -$9 -$9 -$8 -$8 -$8 -$8 Other GrantsContributions Developer Charges -$1,500 -$2,500 -$2,500 -$2,500 -$2,500 -$2,500 -$2,500 -$2,500 -$2,500 -$2,500 -$2,500 Developer Provided AssetsTotal Operating Revenue -$21,074 -$20,284 -$20,209 -$20,207 -$21,071 -$21,952 -$22,895 -$23,858 -$24,882 -$26,016 -$26,028Operating ExpenditureManagement Expenses $5,453 $5,453 $5,453 $5,453 $5,453 $5,453 $5,453 $5,453 $5,453 $5,453 $5,454Operation and Maintenance Expenses $6,584 $6,584 $6,583 $6,584 $6,584 $6,583 $6,584 $8,141 $8,141 $8,141 $8,140Interest Expenses $1,980 $1,793 $1,898 $2,085 $2,153 $2,268 $3,300 $4,238 $4,012 $4,012 $3,818Other Expenses $1,502 $1,502 $1,502 $1,502 $1,502 $1,502 $1,502 $1,502 $1,502 $1,502 $1,502Total Operating Expenditure (Cash) $15,519 $15,332 $15,436 $15,624 $15,692 $15,806 $16,839 $19,334 $19,108 $19,108 $18,914bET IbCOaE (CASH) -$5,555 -$4,952 -$4,773 -$4,583 -$5,379 -$6,146 -$6,056 -$4,524 -$5,774 -$6,908 -$7,1145epreciation System Assets $5,676 $5,710 $5,764 $5,814 $5,867 $5,917 $6,166 $6,411 $6,422 $6,455 $6,490 Plant & Equipment $136 $133 $129 $126 $123 $120 $117 $114 $112 $68Total Operating Expenditure (bon-Cash) $5,812 $5,843 $5,893 $5,940 $5,990 $6,037 $6,283 $6,525 $6,534 $6,523 $6,490bET IbCOaE (AFTER bOb-CASH) $257 $891 $1,120 $1,357 $611 -$109 $227 $2,001 $760 -$385 -$624Principal Loan Payments $2,098 $2,185 $2,390 $2,638 $2,859 $3,117 $3,756 $4,403 $4,490 $4,612 $4,193Capital Expenditure $13,804 $4,480 $7,477 $6,442 $6,804 $8,285 $21,588 $21,055 $2,545 $6,267 $5,693Perradenya Land Development (T/F to Commercial) -$875 $343 $1,280 -$2,000 $398 $1,898 -$1,500 $398 $1,898 $155CASH RESULT $9,472 $2,056 $6,374 $2,497 $4,682 $7,154 $17,788 $21,332 $3,159 $4,126 $2,772

RCC bulk water supply LTFa 2016/17 : Base case


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Table 23: Retail Water Supply LTFM – case 3

Values in 2016/17 $'000

Year 1 2 3 4 5 6 7 8 9 102016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27

Operating RevenueRates & Service Availability Charges -$1,904 -$1,960 -$2,022 -$2,083 -$2,145 -$2,211 -$2,276 -$2,277 -$2,276 -$2,277 -$2,277User ChargesExtra ChargesInterest Income -$30 -$8Other Revenues -$159 -$159 -$159 -$159 -$159 -$159 -$159 -$159 -$159 -$159 -$159Grants Grants for Acquisition of Assets Pensioner Rebate Subsidy -$6 -$6 -$6 -$6 -$5 -$5 -$5 -$5 -$5 -$5 -$5 Other GrantsContributions Developer Charges Developer Provided AssetsTotal Operating Revenue -$2,099 -$2,133 -$2,187 -$2,248 -$2,309 -$2,375 -$2,440 -$2,441 -$2,440 -$2,441 -$2,441Operating ExpenditureManagement Expenses $371 $371 $371 $371 $371 $371 $371 $371 $371 $372 $371Operation and Maintenance Expenses $1,941 $1,940 $1,942 $1,942 $1,941 $1,941 $1,941 $1,941 $1,941 $1,941 $1,941Interest Expenses $8 $17 $23 $27 $25 $21 $16 $14 $15Other ExpensesTotal Operating Expenditure (Cash) $2,312 $2,311 $2,321 $2,330 $2,335 $2,339 $2,337 $2,333 $2,328 $2,327 $2,327bET IbCOaE (CASH) $213 $178 $134 $82 $26 -$36 -$103 -$108 -$112 -$114 -$1145epreciation System Assets $144 $144 $145 $145 $145 $145 $145 $145 $144 $144 $144 Plant & EquipmentTotal Operating Expenditure (bon-Cash) $144 $144 $145 $145 $145 $145 $145 $145 $144 $144 $144bET IbCOaE (AFTER bOb-CASH) $357 $322 $279 $227 $171 $109 $42 $37 $32 $30 $30Principal Loan PaymentsCapital Expenditure $425 $220 $63 $51 $61 $117 $53 $49 $45 $86 $201CASH RESULT $638 $398 $197 $133 $87 $81 -$50 -$59 -$67 -$28 $87

RCC Retail Water LTFa 2016/17 : Case 3 - 3% increase


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Table 24: Flood Mitigation LTFM – case 3

Values in 2016/17 $'000

Year 1 2 3 4 5 6 7 8 9 102016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27

Operating RevenueRates & Service Availability Charges -$600 -$600 -$600 -$600 -$600 -$930 -$1,000 -$1,000 -$1,000 -$1,000 -$1,000User ChargesExtra ChargesInterest Income -$104 -$88 -$68 -$48 -$31 -$22 -$22 -$22 -$22 -$22 -$23Other Revenues -$58 -$27 -$27 -$27 -$27 -$27 -$27 -$27 -$27 -$27 -$27Grants Grants for Acquisition of Assets Pensioner Rebate Subsidy Other Grants -$85 -$85 -$85 -$85 -$85 -$85 -$85 -$85 -$85 -$85 -$85Contributions Developer Charges Developer Provided AssetsTotal Operating Revenue -$847 -$800 -$780 -$760 -$743 -$1,064 -$1,134 -$1,134 -$1,134 -$1,134 -$1,135Operating ExpenditureManagement Expenses $486 $486 $486 $486 $486 $486 $486 $486 $486 $486 $486Operation and Maintenance Expenses $308 $308 $308 $308 $308 $308 $308 $308 $308 $308 $308Interest Expenses $12 $9 $6 $3Other Expenses $22 $22 $22 $22 $22 $22 $22 $22 $22 $22 $22Total Operating Expenditure (Cash) $828 $825 $822 $819 $816 $816 $816 $816 $816 $816 $816bET IbCOaE (CASH) -$19 $25 $42 $59 $73 -$248 -$318 -$318 -$318 -$318 -$3195epreciation System Assets $848 $848 $848 $848 $848 $848 $848 $848 $848 $848 $848 Plant & EquipmentTotal Operating Expenditure (bon-Cash) $848 $848 $848 $848 $848 $848 $848 $848 $848 $848 $848bET IbCOaE (AFTER bOb-CASH) $829 $873 $890 $907 $921 $600 $530 $530 $530 $530 $529Principal Loan Payments $45 $47 $49 $51Capital Expenditure $317 $360 $361 $360 $360 $360 $360 $360 $359 $360 $360CASH RESULT $343 $432 $452 $470 $433 $112 $42 $42 $41 $42 $41

RCC Flood mitigation LTFa 2016/17 : Case 3 - funding required


Page 34

Table 25: Weed Biosecurity LTFM – base case

Values in 2016/17 $'000

Year 1 2 3 4 5 6 7 8 9 102016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27

Operating RevenueRates & Service Availability Charges -$738 -$738 -$738 -$738 -$738 -$738 -$738 -$738 -$738 -$738 -$738User ChargesExtra ChargesInterest Income -$49 -$52 -$53 -$54 -$55 -$57 -$57 -$58 -$59 -$60 -$61Other Revenues -$11 -$11 -$11 -$11 -$11 -$11 -$11 -$11 -$11 -$11 -$11Grants Grants for Acquisition of Assets Pensioner Rebate Subsidy Other Grants -$563 -$563 -$563 -$563 -$563 -$563 -$563 -$563 -$563 -$563 -$563Contributions Developer Charges Developer Provided AssetsTotal Operating Revenue -$1,361 -$1,364 -$1,365 -$1,366 -$1,367 -$1,369 -$1,369 -$1,370 -$1,371 -$1,372 -$1,373Operating ExpenditureManagement Expenses $415 $415 $415 $414 $415 $415 $416 $415 $415 $416 $415Operation and Maintenance Expenses $790 $790 $790 $790 $790 $790 $790 $790 $790 $790 $790Interest ExpensesOther ExpensesTotal Operating Expenditure (Cash) $1,205 $1,205 $1,205 $1,204 $1,205 $1,205 $1,206 $1,205 $1,205 $1,206 $1,205bET IbCOaE (CASH) -$156 -$159 -$160 -$162 -$162 -$164 -$163 -$165 -$166 -$166 -$1685epreciation System Assets $12 $13 $13 $15 $15 $16 $17 $18 $18 $19 $20 Plant & Equipment $63 $61 $60 $59 $57 $56 $54 $53 $35Total Operating Expenditure (bon-Cash) $75 $74 $73 $74 $72 $72 $71 $71 $53 $19 $20bET IbCOaE (AFTER bOb-CASH) -$81 -$85 -$87 -$88 -$90 -$92 -$92 -$94 -$113 -$147 -$148Principal Loan PaymentsCapital Expenditure $81 $75 $76 $102 $39 $92 $101 $60 $71 $97 $39CASH RESULT -$75 -$84 -$84 -$60 -$123 -$72 -$62 -$105 -$95 -$69 -$129

RCC Weed Biosecurity LTFa 2016/17 : Base Case Oct 2017


Page 35

Table 26: Commercial Activities LTFM – base case

Values in 2016/17 $'000

Year 1 2 3 4 5 6 7 8 9 102016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27

Operating RevenueRates & Service Availability Charges -$758 -$758 -$758 -$758 -$758 -$758 -$758 -$758 -$758 -$758 -$758User ChargesExtra ChargesInterest Income -$95 -$111 -$77 -$98 -$130 -$81 -$84 -$100 -$53 -$23 -$23Other Revenues -$234 -$234 -$234 -$234 -$234 -$234 -$234 -$234 -$234 -$234 -$234Grants Grants for Acquisition of Assets Pensioner Rebate Subsidy Other GrantsContributions Developer Charges Developer Provided AssetsTotal Operating Revenue -$1,087 -$1,103 -$1,069 -$1,090 -$1,122 -$1,073 -$1,076 -$1,092 -$1,045 -$1,015 -$1,015Operating ExpenditureManagement Expenses $329 $330 $328 $329 $329 $329 $329 $329 $329 $329 $329Operation and Maintenance Expenses $574 $574 $574 $574 $574 $574 $574 $574 $574 $574 $574Interest ExpensesOther Expenses -$1,125 $343 $1,280 -$2,000 $398 $1,898 -$1,500 $398 $1,898 $155Total Operating Expenditure (Cash) -$222 $1,247 $2,182 -$1,097 $1,301 $2,801 -$597 $1,301 $2,801 $1,058 $903bET IbCOaE (CASH) -$1,309 $144 $1,113 -$2,187 $179 $1,728 -$1,673 $209 $1,756 $43 -$1125epreciation System Assets $4 $4 $4 $4 $4 $4 $3 $3 $3 $3 $3 Plant & EquipmentTotal Operating Expenditure (bon-Cash) $4 $4 $4 $4 $4 $4 $3 $3 $3 $3 $3bET IbCOaE (AFTER bOb-CASH) -$1,305 $148 $1,117 -$2,183 $183 $1,732 -$1,670 $212 $1,759 $46 -$109Principal Loan PaymentsCapital Expenditure $280 $30 $30 $30 $30 $30 $30 $30 $30 $30 $30Perradenya Land Development (T/F from .ulk) $875 -$343 -$1,280 $2,000 -$398 -$1,898 $1,500 -$398 -$1,898 -$155CASH RESULT -$154 -$169 -$137 -$157 -$189 -$140 -$143 -$159 -$112 -$82 -$82

Commercial Activities : Base case


Page 36

Table 27: Consolidated RCC Budget

Values in 2016/17 $'000

Year 1 2 3 4 5 6 7 8 9 102016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27

Operating RevenueRates & Service Availability Charges -$4,000 -$4,056 -$4,118 -$4,179 -$4,241 -$4,637 -$4,772 -$4,773 -$4,772 -$4,773 -$4,773User Charges -$17,144 -$17,140 -$17,144 -$17,147 -$18,003 -$18,899 -$19,846 -$20,847 -$21,888 -$22,979 -$22,980Extra ChargesInterest Income -$826 -$517 -$377 -$375 -$399 -$328 -$327 -$307 -$244 -$258 -$271Other Revenues -$838 -$807 -$807 -$807 -$807 -$807 -$807 -$807 -$807 -$807 -$807Grants Grants for Acquisition of Assets -$1,496 Pensioner Rebate Subsidy -$16 -$16 -$16 -$15 -$14 -$14 -$14 -$13 -$13 -$13 -$13 Other Grants -$648 -$648 -$648 -$648 -$648 -$648 -$648 -$648 -$648 -$648 -$648Contributions Developer Charges -$1,500 -$2,500 -$2,500 -$2,500 -$2,500 -$2,500 -$2,500 -$2,500 -$2,500 -$2,500 -$2,500 Developer Provided AssetsTotal Operating Revenue -$26,468 -$25,684 -$25,610 -$25,671 -$26,612 -$27,833 -$28,914 -$29,895 -$30,872 -$31,978 -$31,992Operating ExpenditureManagement Expenses $7,054 $7,055 $7,053 $7,053 $7,054 $7,054 $7,055 $7,054 $7,054 $7,056 $7,055Operation and Maintenance Expenses $10,197 $10,196 $10,197 $10,198 $10,197 $10,196 $10,197 $11,754 $11,754 $11,754 $11,753Interest Expenses $1,992 $1,802 $1,912 $2,105 $2,176 $2,295 $3,325 $4,259 $4,028 $4,026 $3,833Other Expenses $399 $1,867 $2,804 -$476 $1,922 $3,422 $24 $1,922 $3,422 $1,679 $1,524Total Operating Expenditure (Cash) $19,642 $20,920 $21,966 $18,880 $21,349 $22,967 $20,601 $24,989 $26,258 $24,515 $24,165bET IbCOaE (CASH) -$6,826 -$4,764 -$3,644 -$6,791 -$5,263 -$4,866 -$8,313 -$4,906 -$4,614 -$7,463 -$7,8275epreciation System Assets $6,684 $6,719 $6,774 $6,826 $6,879 $6,930 $7,179 $7,425 $7,435 $7,469 $7,505 Plant & Equipment $199 $194 $189 $185 $180 $176 $171 $167 $147 $68Total Operating Expenditure (bon-Cash) $6,883 $6,913 $6,963 $7,011 $7,059 $7,106 $7,350 $7,592 $7,582 $7,537 $7,505bET IbCOaE (AFTER bOb-CASH) $57 $2,149 $3,319 $220 $1,796 $2,240 -$963 $2,686 $2,968 $74 -$322Principal Loan Payments $2,143 $2,232 $2,439 $2,689 $2,859 $3,117 $3,756 $4,403 $4,490 $4,612 $4,193Capital Expenditure $14,907 $5,165 $8,007 $6,985 $7,294 $8,884 $22,132 $21,554 $3,050 $6,840 $6,323CASH RESULT $10,224 $2,633 $6,802 $2,883 $4,890 $7,135 $17,575 $21,051 $2,926 $3,989 $2,689

RCC Consolidated LTFa


APPENDIX 1: CAPITAL WORKS PROGRAMS

Bulk Water Supply

Retail Water Supply

Flood Mitigation

Weed Biosecurity

Commercial Activities

S:\Projects\17-007 Rous County Council Financial Planning and Asset Management Planning\Working\Data and Calculations\Bulk Water\CWP\Bulk Water CWP 2017 Rev 1/2017 CWP 14/03/2017

Rous County Council Bulk Water SupplyCapital Works Program Provided for RCC review 14/03/2017All values are in year 2017$'000Area Project 30 year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30

New SystemAssets


Total 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2028/29 2029/30 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/41 2041/42 2042/43 2043/44 2044/45 2045/46

Catchment1 All Equipment and tools 100% 60 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 22 All ECD/RCD land 100% 78 783 All Signage 100% 16 164 All Asset renewal 100%5 PDD Proposed Dunoon Dam Access Track renewals 100% 45 5 5 5 5 5 5 5 5 56 RCD RCD entrance upgrade design 100% 60 607 RCD RCD Catchment Asset Renewals 100% 43 10 1 7 14 1 7 1 38 RCD RCD - Installation of Catchment Signage (Regulatory/Information) 100% 75 25 25 259 RCD RCD - Installation of New Catchment Gates 100% 10 10

10 RCD RCD - Installation of New Buffer Zone/Park Fencing (Musgrave) 100% 10 1011 RCD RCD - Upgrade of Catchment Access Roads (DEC MOU) 100% 225 25 25 25 25 25 25 25 25 2512 ECD ECD Catchment Asset Renewals 100% 498 42 4 67 26 95 2 3 18 42 85 44 59 1013 ECD Implementation of high priority CMP actions 100% 1,200 160 80 80 80 80 80 80 80 80 80 80 80 80 8014 ECD ECD pine slashing 100% 43 4315 ECD ECD fencing 100%16 ECD ECD - Bush Regeneration 100% 3,258 126 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 10817 ECD ECD - Installation of Catchment Signage (Regulatory/Information) 100% 15 1518 ECD ECD - Installation of New Buffer Zone Fencing 100% 85 20 15 5019 ECD ECD - Installation of New Park Furniture 100% 20 10 1020 ECD ECD - Installation of Buffer Zone/Park Signage (Regulatory/Information) 100% 15 5 5 521 ECD ECD - Upgrade of Buffer Zone/Park Access Roads 100% 45 15 10 5 5 5 522 ECD ECD - New Park Amenities/Buildings 100% 30 15 1523 ECD Emigrant Creek: installation of real-time environmental monitoring equipment 100% 50 25 2524 ECD Strategic Land Acquisition - Former dairy site 100% 100 10025 WRS WRS Catchment Asset Renewals 100% 119 31 8 42 3926 WRS Wilsons River Source - Bush Regeneration 100% 3,260 128 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 10827 WRS Wilsons River: installation of real-time environmental monitoring equipment 100% 120 60 6028 WRS WRS - Installation of Catchment Signage (Regulatory/Information) 100% 60 10 5029 WRS WRS - Installation of Buffer Zone/New Park Fences 100% 100 50 5030 WRS WRS - Catchment Management Plan 100%31 WRS WRS - Upgrade of Buffer Zone/Park Access Roads 100% 10 5 532 Distribution Systems33 Trunk mains Brunswick 375mm - Stage 6 50% 50%34 Trunk mains Byron 150/200 replacement (300mm from Coopers Shoot to Cemetery Rd) 19% 81% 955 55 90035 Trunk mains Converys 150 Replacement 100% 119 11936 Trunk mains Coraki 225 100% 5,412 2706 270637 Trunk mains Dorroughby 600 upgrade (Lismore 450 and 600 extension) 28% 72% 4,449 100 434938 Trunk mains Evans Head 200 100% 897 89739 Trunk mains Knockrow 450 100% 9,792 3264 3264 326440 Trunk mains Ross Lane 200 100% 539 53941 Trunk mains Ross Lane 375 100% 1,234 123442 Trunk mains St Helena 600/375 65% 35% 26,967 31 250 5000 5000 5000 5000 200 3243 324343 Trunk mains Woodburn 200 100% 265 26544 Trunk mains St Helena 525 (corrosion on elevated sections) 100% 1,090 109045 Trunk mains RMS Woolgoolga to Ballina Highway upgrade 100% 1,496 149646 Trunk mains Trunk mains other than St Helena 525 (corrosion on elevated sections) 100% 550 50 50047 Trunk mains Painting elevated mains 100% 250 150 10048 Reservoirs Langs Hill Reservoir - strengthening improvement works 100% 35 3549 Reservoirs Langs Hill Reservoir - Roof replacement 100% 1,896 189650 Reservoirs St Helena Reservoir - improvements 100% 35 3551 Reservoirs Tullera reservoir- Roof replacement 100% 49 4952 Reservoirs Belvedere Dr Shed 100% 3 353 Reservoirs Knockrow Reservoir 80% 20% 25 2554 Reservoirs City View Drive reservoir - roof replacement 100% 818 35 78355 Pump Stations Lagoon Grass PS renewals 100% 1,013 9 64 94056 Other Easements 100% 400 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 2057 Other Depot Upgrade 100%58 Other Equipment and Tools 100% 60 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 259 Other Valve renewals 100% 199 14 5 5 9 9 5 5 19 5 16 5 5 19 31 21 2760 Other Reservoir Level Sensors 100% 51 26 2661 Treatment and Source62 NC WTP Air System renewals 100% 819 15 474 37 225 48 15 563 NC WTP Dosing system renewals 100% 860 67 40 66 52 62 5 31 179 66 40 148 83 2164 NC WTP BAC filter system renewals 100% 1,584 21 1409 15465 NC WTP Backwash system renewals 100% 1,832 214 1607 1066 NC WTP Process pump renewals 100% 403 18 155 54 22 15567 NC WTP Centrifuge renewals 100% 495 274 22168 NC WTP Valve renewals 100% 1,287 388 3 65 6 82569 NC WTP Conveyor renewals 100% 353 171 5 17670 NC WTP Instrument and analyser renewals 100% 165 5 64 31 27 3871 NC WTP Pipework renewals 100% 5,099 75 1755 326872 NC WTP Repaint raw water rising main and PS - RCD 100% 627 209 209 20973 NC WTP Flow Meter renewals 100% 128 8 30 73 5 4 874 NC WTP Laboratory renewals 100% 155 52 32 19 32 1975 NC WTP Lime system renewals 100% 308 11 56 25 137 8076 NC WTP Relift Pump Station renewals 100% 353 240 11377 NC WTP Replacement of BAC media 100% 3,000 200 200 200 200 200 200 200 200 200 200 200 200 200 200 20078 NC WTP Building renewals 100% 1,285 274 109 90279 NC WTP Ozone system renewals 100% 1,652 18 27 1082 452 46 2780 NC WTP Sample pump renewals 100% 115 30 21 11 8 19 19 681 NC WTP SCADA renewals 100% 341 8 8 129 8 8 8 8 8 129 8 8 882 NC WTP Raw water pump renewals 100% 560 31 513 1683 NC WTP Switchboard renewals 100% 1,894 825 22 43 13 43 16 927 584 NC WTP IT and comms renewals 100% 1,285 42 16 16 348 16 16 16 16 27 16 16 676 16 16 16 1685 NC WTP UPS 100% 12 8 486 NC WTP Road renewals 100% 332 107 22587 NC WTP Access/walkway renewals 100% 171 86 8688 NC WTP DAFF filter media 100% 295 29589 NC WTP Nightcap WTP Recurring Instruments 100% 377 13 13 13 13 13 13 13 13 13 13 13 13 13 13 13 13 13 13 13 13 13 13 13 13 13 13 13 13 1390 NC WTP Lime clarifier removal 100% 20 2091 NC WTP Chemical tank farm upgrade 100% 60 6092 NC WTP DSH tank mixer 100% 45 23 2393 NC WTP Flocculators 100% 964 96494 NC WTP Dunoon pumps 100% 43 4395 NC WTP Recycle pumps 100% 160 16096 NC WTP Security fencing 100% 109 10997 NC WTP Septic system 100% 27 2798 NC WTP Site lighting 100% 80 8099 NC WTP Alarm system 100% 5 3 3

100 NC WTP Waste saturator 100% 39 39101 NC WTP ACH Dose pumps 100%102 NC WTP ACH poly batching plant 100% 79 79103 NC WTP Ozone Sidestream Dosing 100% 180 180104 NC WTP Bulk Storage and Tanker Unloading bund 100% 80 80105 NC WTP Stormwater drainage upgrade design 100% 39 39106 NC WTP Lime Lines 100%107 NC WTP Storage shed 100%108 NC WTP Emergency Generators 100% 783 783

Type of works

S:\Projects\17-007 Rous County Council Financial Planning and Asset Management Planning\Working\Data and Calculations\Bulk Water\CWP\Bulk Water CWP 2017 Rev 1/2017 CWP 14/03/2017

Rous County Council Bulk Water SupplyCapital Works Program Provided for RCC review 14/03/2017All values are in year 2017$'000Area Project 30 year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30

New SystemAssets


Total 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2028/29 2029/30 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/41 2041/42 2042/43 2043/44 2044/45 2045/46Type of works

109 EC WTP Air system renewals 100% 35 35110 EC WTP Instruments and Analysers renewals 100% 541 96 32 281 32 23 32 44111 EC WTP Chemical dosing system renewals 100% 249 240 9112 EC WTP BAC filter renewals 100% 442 10 163 80 109 80113 EC WTP Backwash system renewals 100% 35 29 6114 EC WTP IT and Communications renewals 100% 417 8 409115 EC WTP Drying bed refit 100% 90 30 30 30116 EC WTP Switchboard renewals 100% 625 9 616117 EC WTP Filtered water transfer system renewals 100% 62 51 11118 EC WTP Raw water transfer system renewals 100% 337 94 221 22119 EC WTP Laboratory renewals 100% 123 20 34 34 34120 EC WTP Lime system renewals 100% 75 4 66 4121 EC WTP UF system renewals 100% 1,724 166 150 150 150 196 150 150 150 12 150 150 150122 EC WTP Building and site renewals 100% 462 10 22 32 130 22 170 22 32 22123 EC WTP Security review recommendations 100% 50 50124 EC WTP Instruments and Sensors recurring budget 100% 319 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11125 EC WTP Miscellaneous process pipework, fittings and valves 100% 554 38 50 466126 EC WTP Wastewater system renewals 100% 75 61 14127 EC WTP Ozone system renewals 100% 642 50 397 58 80 58128 Source Bulk meter replacement 100% 601 8 23 11 28 26 18 11 23 21 37 47 41 47 30 19 43 25 21 21 9 17 21 16 38129 Source ECD Aeration renewals 100% 55 3 14 38130 Source Emigrant Creek inflow weir 100% 160 160131 Source Emigrant Creek Dam renewals 100% 763 11 32 34 21 654 11132 Source RCD Aeration renewals 100% 345 246 55 41 3133 Source RCD Piezometer 100% 64 64134 Source RCD Recreation Assets 100% 1,855 131 167 20 59 4 157 32 37 185 17 75 317 33 133 86 2 8 4 56 34 66 156 75135 Source RCD Entrance Upgrade 100% 524 524136 Source RCD Pontoon bridge 100% 53 53137 Source RCD surface survey 100%138 Source RCD Tunnel access upgrade and plug sealing 100% 5,138 5138139 Source RCD catchment assets 100% 110 15 10 15 25 10 10 15 10140 Source WRS High Lift PS renewals 100% 1,972 66 375 151 1379141 Source WRS Low Lift 100% 672 393 280142 Source WRS renewals 100% 1,294 344 602 316 32143 Source WRS PLCs/SCADA and Ethernet 100% 45 45144 Source WRS RCD Seepage Weir Upgrades 100%145 Source RCD spillway repair 100% 90 30 60146 Source WRS High lift pump wiring 100%147 Source ECD earthing 100%148 Source Dam Anchor Testing 100% 300 300149 Treatment Telemetry upgrade 50% 50%150 Treatment Coraki Rechlorinator renewals 100% 242 48 64 65 64151 Treatment Woodburn chlorinator upgrade 40% 60%152 All 2-way radio repeaters 100% 25 25153 All Energy efficiency options analysis 100% 70 70154 All Recurring instruments budget 100% 60 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4155 All Howards Grass 600 80% 20% 60 60

All Water management and reporting database 100%156 All Tools and Equipment (Elec/Mech) 100% 90 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3157 Future Water Strategy158 FWS FWS Groundwater investigations 100% 522 522159 FWS Land acquisition 100% 1,500 1500160 FWS Coastal Sands groundwater source development - Lennox Head 100% 33,712 16856 16856161 FWS Dunoon Dam bores 100% 25,592 12796 12796162 Plant and Equipment (including Support Services)163 CC Admin Building 100% 1,626 176 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50164 CC Electronic document and record management system 100% 227 227165 CC Navision finance system upgrade 100% 45 45166 Plant Plant001 - GM Vehicle 100% 10 10167 Plant Plant002 - Spare budget vehicle 100% 25 25168 Plant Plant004 - DSAM vehicle 100% 14 14169 Plant Plant011 - Depot pool vehicle 100% 10 10170 Plant Plant014 - Bush regeneration (Vandenbosh) 100% 11 11171 Plant Plant015 = Construction vehicle (Ross) 100% 11 11172 Plant Plant021 - Safety vehicle 100% 9 9173 Plant Plant023 - water treatment vehicle (GH) 100% 10 10174 Plant Plant027 - Treatment operator vehicle (Ward) 100% 11 11175 Plant Plant030 - Electrician vehicle (DH) 100% 20 20176 Plant Plant032 - Fitter vehicle (IP) 100% 11 11177 Plant Plant034 - Water treatment vehicle (BH) 100% 11 11178 Plant Plant035 - DTAM vehicle 100% 16 16179 Plant Plant036 - HR vehicle 100% 15 15180 Plant Plant038 - FWS vehicle 100% 11 11181 Plant Plant039 - RWL Manager vehicle 100% 11 11182 Plant Plant040 - IT vehicle 100% 13 13183 Plant Plant043 - DSAM vehicle 100% 12 12184 Plant Plant150 - Front deck Kubota ECD 100% 20 20185 Plant Plant fleet replacement 100% 7,250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250186 Depot Depot upgrades 100% 300 100 100 50 50187 IT Computer fleet 100% 80 80188 IT SCADA computer 100% 76 76189 IT Servers 100% 85 85190 IT Software 100% 79 79191 CC Energy efficiency improvements - Depot and Molesworth 100% 45 45192 IT IT allowance (Support Services) 100% 9,272 572 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300192 Depot Tools and Equipment (construction crew) 100% 150 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5193 Depot Pressure Cleaner 100%

Totals 199,008 13,805 4,479 7,477 6,442 6,804 8,285 21,587 21,055 2,545 6,267 5,693 4,066 2,496 6,765 5,531 7,767 7,114 1,741 1,253 3,323 1,825 5,423 13,899 14,140 1,501 12,606 1,537 1,088 887 1,606Other New System Assets (growth works) 91,761 592 1,718 3,270 3,270 3,270 3,270 16,876 16,876 321 2,128 2,128 20 1,254 3,284 3,284 3,284 20 20 20 20 12,796 12,796 28 1,218Renewals 93,420 8,921 2,063 3,720 2,910 3,147 4,758 4,219 3,932 1,882 3,892 3,238 3,749 840 3,209 1,831 4,216 6,722 1,424 841 3,056 1,498 5,176 776 1,098 1,146 11,141 1,175 841 640 1,359Improved LOS 13,826 4,291 699 487 262 387 257 492 247 342 247 327 297 402 272 417 267 372 297 392 247 327 247 327 247 327 247 362 247 247 247

Rous County Council Retail Water Supply Retail Water Supply NetworkCapital Works Program Draft for RCC review 1/02/2017All values are in year 2017 $'000Area Project 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30

New SystemAssets


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2028/29 2029/30 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/41 2041/42 2042/43 2043/44 2044/45 2045/46

Distribution SystemsRetail Newrybar Reservoir- Roof replacement 100% 63 18 45Retail Baxters Lane PS 100% 67 25 16 26Retail South Gundarimba reticulation design works 100% 22 22Retail Corndale Reticulation Main 100%Retail Retail Meters 100% 1,350 45 45 45 45 45 45 45 45 45 45 45 45 45 45 45 45 45 45 45 45 45 45 45 45 45 45 45 45 45 45Retail Reticulation Mains replacements 95% 5% 1,167 332 175 6 71 8 4 41 156 34 38 29 19 59 49 147Retail Reticulation Tank renewals 100% 6 6Retail Bangalow Pit 100% 47 47Retail Valve renewals 100% 20 5 15Other Filling Station renewals 100% 300 150 150Retail Tintenbar Reservoir- Roof replacement 100% 42 42

Totals 3,084 424 220 63 51 61 266 53 49 45 86 201 79 45 45 45 128 121 69 104 71 195 87 94 198 60 45 45 45 45 45Other New System Assets (growth works) 22 22Renewals 3,003 386 211 63 51 61 262 53 49 45 84 193 77 45 45 45 126 119 68 101 71 195 87 91 190 60 45 45 45 45 45Improved LOS 58 17 9 0 4 0 0 2 8 2 2 1 1 3 2 7

Type of works 30 year total

S:\Projects\17‐007 Rous County Council Financial Planning and Asset Management Planning\Working\Data and Calculations\Retail Water\Retail Water CWP 2017 Rev 0/CWP Input 1/02/2017 1/02/2017

Rous County Council Flood MitigationCapital Works Program Draft for RCC review 1/02/2017All values are in year 2017 $'000Area Project 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30

New SystemAssets


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2028/29 2029/30 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/41 2041/42 2042/43 2043/44 2044/45 2045/46

Flood Plant and Equipment 100% 1,450 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50Flood Tools 100% 300 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10Flood Asset Renewals 100% 8,977 277 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300CC RRCC05 - Asset Manager Vehicle 100% 10 10CC RRCC100 - Lamborghini R3-95 Tractor 100% 20 20Flood Lismore Club Levee modifications 31 31

Totals 10,788 348 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360Other New System Assets (growth works) 300 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10Renewals 10,457 307 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350Improved LOS 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

GrantsLCC Lismore Club Levee modifications 31.1 31


Flood Mitigation CWP 2017 Rev 0 1/02/2017

Rous County Council Weed ServicesCapital Works Program Reviewed by RCC 1/02/2017All values are in year 2017 $'000Area Project 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30

New SystemAssets


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2028/29 2029/30 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/41 2041/42 2042/43 2043/44 2044/45 2045/46

CC-PF FNCW01 100% 240 16 16 16 16 16 16 16 16 16 16 16 16 16 16 16CC-PF FNCW02 100% 160 16 16 16 16 16 16 16 16 16 16CC-PF FNCW03 100% 160 16 16 16 16 16 16 16 16 16 16CC-PF FNCW04 100% 160 16 16 16 16 16 16 16 16 16 16CC-PF FNCW05 100% 160 16 16 16 16 16 16 16 16 16 16CC-PF FNCW06 100% 160 16 16 16 16 16 16 16 16 16 16CC-PF FNCW07 100% 160 16 16 16 16 16 16 16 16 16 16CC-PF FNCW08 (TSA vehicle) 100% 0CC-PF FNCW09 100% 160 16 16 16 16 16 16 16 16 16 16CC-PF FNCW100 (Old Rous boat every 15yrs?) 100% 10 5 5CC-PF FNCW111 (Boat every 15yrs?) 100% 10 5 5CC-PF FNCW115 (No longer used can be sold?) 100% 0CC-PF FNCW180 (ATV) 100% 100 10 10 10 10 10 10 10 10 10 10CC-PF FNCW190 (ATV trailer every 10yrs?) 100% 15 5 5 5CC-PF FNCW200 (Extension trailer every 10yrs?) 100% 15 5 5 5CC-IT GIS equipment renewals (Toughbooks, PDA's etc.) 100% 450 15 15 15 15 15 15 15 15 15 15 15 15 15 15 15 15 15 15 15 15 15 15 15 15 15 15 15 15 15 15CC-IT IT Support allocation (Computers, Phones etc.) 100% 150 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5CC-PF Depot upgrades and maintenance 100% 120 20 20 20 20 20 20CC-PF Tools and equipment (chainsaws, brush cutters, canoes etc.) 100% 90 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3

Totals 2,320 81 75 76 102 39 92 101 60 71 97 39 107 81 55 71 102 59 97 86 55 71 117 39 87 81 60 91 102 39 87Other New System Assets (growth works) 2,320 81 75 76 102 39 92 101 60 71 97 39 107 81 55 71 102 59 97 86 55 71 117 39 87 81 60 91 102 39 87Renewals 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0Improved LOS 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0


Weed Services CWP 2017 Rev 0 1/02/2017

Rous County Council CommericalCapital Works Program Draft for RCC review 1/02/2017All values are in year 2017 $'000Area Project 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30

New SystemAssets


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2028/29 2029/30 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/41 2041/42 2042/43 2043/44 2044/45 2045/46

CC Perradenya Environmental Works 100% 250 250CC RWL Renewals 100% 900 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30

Totals 1,150 280 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30Other New System Assets (growth works) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0Renewals 900 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30Improved LOS 250 250 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0


Commercial CWP 2017 Rev 0 1/02/2017


APPENDIX 2: FINMOD REPORTS – PREFERRED CASES

Bulk Water Supply

Retail Water Supply

Flood Mitigation

Weed Biosecurity

Commercial Activities

RCC bulk water supply LTFM 2016/17 : Base caseFINMOD

2016/17 2020/21 2025/26 2030/31 2035/36 2040/41 2045/46

Summary Report of Assumptions and Results

Rous County Council

Inflation Rates - General (%) 2.502.502.502.502.502.50 2.50

Inflation Rates - Capital Works (%) 2.502.502.502.502.502.50 2.50

Borrowing Interest Rate (%) 6.506.506.506.506.506.50 6.50

Term of New Loans (years) 202020202020 20

Investment Interest Rate (%) 4.504.504.504.504.504.50 4.50

Growth Rate - Residential (%) 0.000.000.000.000.000.00 0.00

Developer Charges per Assessment -

Residential (2016/17 $)

000000 0

Subsidised Scheme Capital Works ($m) 0.330.250.420.250.394.29 0.25

Grants on Acquisition of Assets ($m) 0.000.000.000.000.001.50 0.00

Renewals ($m) 1.153.061.833.893.158.92 1.36

Renewals (%) 0.190.540.330.710.621.81 0.23

Borrowing Outstanding ($m) 21.8827.8041.2658.3530.8728.67 19.62

Mgmnt Cost / Assessment 578578578577578578 578

Debt Equity Ratio 0.040.050.090.150.090.09 0.03

OMA Cost Per Assessment 155514401440144012761275 1555

Economic Real Rate of Return (%) 0.111.201.181.180.41-0.10 0.10

Return on Capital (%) 0.161.201.151.150.430.06 0.21

Net Debt ($m) 12.8612.8936.4053.8626.7021.80 0.44

Debt Service Ratio 0.210.200.200.330.240.21 0.11

Average Residential Bills 219924352435243419071816 2199

Typical Residential Bills (2016/17$) 220024362436243619091818 2200

Printed 14/03/2017Page 1

Values in 2016/17 $

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29Drawdown

STANDARD LOAN PAYMENT SCHEDULE

Rous County Council

2442018/19 Principal 4728 0 00406380357335315295276260214201189177166156146137128120 228

182 Interest 0 0020456891111131149166212225237249260270280289298306 198

3112019/20 Principal 6461 555 00520488458429403378354333274258242226213199187175165 293

269 Interest 27 006294124153179204228249308324340355369383395407417 289

2252020/21 Principal 4967 400 0427376352330309291272256240198185174163153144134126 211

222 Interest 47 0217295117137157175192208249261273284294304312320 236

2642021/22 Principal 6223 470 534502441414388364341321301282232218205192180169158 248

296 Interest 90 2660119147172196219241260279328342356369381391402 312

9242022/23 Principal 23194 1644 186817521542144713561272119311201051985813762715671630591 867

1165 Interest 445 22133654764373281689596910391104127513261373141714601498 1222

8662023/24 Principal 23180 1541 17501642144513561272119311191049984923762715671630590 813

1221 Interest 547 33644564373281689596810381103116413251372141714581497 1275

1072024/25 Principal 3046 189 21620317816715714713813012211494888377 100

168 Interest 85 597297107118127136144153160180186191197 174

2462025/26 Principal 7494 439 498467411386362339319299280262217203191 231

428 Interest 237 176208264290313335357377395412458471485 444

1182026/27 Principal 3841 211 24022519718517416315314413412610498 111

228 Interest 135 106121149161172183193202212220242248 234

2031/32 Principal 5793 231 262246217203191179167157148

Interest 291 260276305319331343354364374

2032/33 Principal 2969 111 1261181049892868175

Interest 156 142149163170176181187191

2038/39 Principal 1720 44 4947

Interest 111 105108

2039/40 Principal 22940 622584

Interest 14441482

2041/42 Principal 20394

Interest

3305Total Principal 136950 5835 61656213583754765137481645204240390635252908272824702136193212596254382931200 0 3102

4179Total Interest 2171 2875327824412803313934573756403641053962457747554672432942612846138910167153060 0 4384


Values in $'000


2014/15* 2015/16*

Historical Operating Statement

Rous County Council

EXPENSES

Management Expenses 5069 5320

Administration 3891 3754

Engineering and Supervision 1178 1566

Operation and Maintenance Expenses 5979 5382

Operation Expenses 1920 1850

Maintenance Expenses 1958 2014

Energy Costs 1286 701

Chemical Costs 815 817

Purchase of Water 0 0

Depreciation 6053 6194

System Assets 5298 5469

Plant & Equipment 755 725

Interest Expenses 2222 2105

Other Expenses 1550 1465

TOTAL EXPENSES20873 20466

REVENUES

Rates & Service Availability Charges 1911 1871

Residential 1911 1871

Non-Residential

User Charges 15498 16335

Sales of Water : Residential 0 0

Sales of Water : Non-Residential 15498 16335

Extra Charges

Interest Income 606 556

Other Revenues 1532 2179

Grants 1675 151

Grants for Acquisition of Assets

Pensioner Rebate Subsidy 10 10

Other Grants 1665 141

Contributions 2401 6093

Developer Charges 2318 5534

Developer Provided Assets

Other Contributions 83 559

TOTAL REVENUES23623 27185

OPERATING RESULT2750 6719

OPERATING RESULT (less Grants for Acq of

Assets)

2750 6719


Values in $'000


2014/15* 2015/16*

Historical Statement of Financial Position

Rous County Council

Cash and Investments 13730 17633

Receivables 1199 1585

Inventories 3934 2693

Property, Plant & Equipment 310389 313745

System Assets (1) 309073 312436


Other Assets 16369 15794

TOTAL ASSETS 345621 351450

LIABILITIES

Bank Overdraft

Creditors 2030 1619

Borrowings 32721 30770

Provisions 1830 2050

TOTAL LIABILITIES 36581 34439

NET ASSETS COMMITTED 309040 317011

EQUITY

Accumulated Operating Result 90560 94651

Asset Revaluation Reserve 218480 222360

TOTAL EQUITY 309040 317011

(1) Notes to System Assets

Current Replacement Cost 465391 475667

Less: Accumulated Depreciation 156318 163231

Written Down Current Cost 309073 312436


Values in $'000

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29

Base Forecast Data

Rous County Council

Financial Data

2.50Inflation Rate - General (%) 2.50 2.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.50 2.50 2.50

2.50Inflation Rate - Capital Works (%) 2.50 2.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.50 2.50 2.50

6.50Borrowing Interest Rate for New Loans (%) 6.50 6.506.506.506.506.506.506.506.506.506.506.506.506.506.506.506.506.506.506.506.506.50 6.50 6.50

4.50Investment Interest Rate (%) 4.50 4.504.504.504.504.504.504.504.504.504.504.504.504.504.504.504.504.504.504.504.504.50 4.50 4.50

Number of Assessments

Growth Rate (%)

0.00 Residential Assessments 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00

0.00 Non-Residential Assessments 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00

0.00 Total Assessments 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00

Number of New Assessments

0 Residential 0 000000000000000000000 0 0

0 Non-Residential 0 000000000000000000000 0 0

0 Total New Assessments 0 000000000000000000000 0 0

Projected Number of Assessments

9440 Residential 9440 944094409440944094409440944094409440944094409440944094409440944094409440944094409440 9440 9440

0 Non-Residential 0 000000000000000000000 0 0

9440 Total Projected Assessments 9440 944094409440944094409440944094409440944094409440944094409440944094409440944094409440 9440 9440

Backlog Assessments

0 Residential 0 000000000000000000000 0 0

0 Non-Residential 0 000000000000000000000 0 0

0 Total Backlog Assessments 0 000000000000000000000 0 0

Developer Charges / Vacant Assessments (Values in 2016/17 $)

Developer Charges $/Assessment

0 Residential 0 000000000000000000000 0 0

0 Non-Residential 0 000000000000000000000 0 0

0Number of Vacant Residential Assessments 0 000000000000000000000 0 0

100Average Charge of Vacant Assessments 100 100100100100100100100100100100100100100100100100100100100100100 100 100

0 % of Occupied Assessments 0 000000000000000000000 0 0

Depreciation of Existing Plant and Equipment (Values in 2016/17 $'000)

Current Replacement Cost of System Assets 487559

Override

Written Down Current Cost of System Assets 320247

Override

Annual Depreciation of Existing System Assets 5606

Override

Written Down Value of Plant and Equipment 1309

Override

0Annual Depreciation of Existing Plant and

Equipment

0 00000000000085136136136136136136136136 136 0


Values in $'000

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29

Base Forecast Data

Rous County Council

Existing Loan Payments (Values in Inflated $'000)

0Existing Loan Payments : Principal

(Total:30770)

0 00000000002102639329033353302309729022718254823912098 2240 0

0Existing Loan Payments : Interest (Total:12362) 0 0000000000013333955977798111771360153016881980 1838 0

Capital Works Program (Values in 2016/17 $'000)

272Subsidised Scheme (Total:13826) 327 3272472473272473922973722674172973272473422474922573872624874291 699 402

3284Other New System Assets (Total:91763) 12796 2812796002020202032843284202128212832116876168763270327032703270592 1718 1254

3209Renewals (Total:93420) 776 11461098517614983056841142467224216183137493238389218823932421947583147291037208921 2063 840

6765Total Capital Works (Total:199009) 13899 1501141415423182533231253174171147767553240665693626725452105521587828568046442747713804 4480 2496

0.00Grant For Acquisition of Assets (% of

Subsidised Scheme)

0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.0034.86 0.00 0.00

0Grant For Acquisition of Assets ($) (Total:1496) 0 000000000000000000001496 0 0

0Developer Provided Assets (Total:0) 0 000000000000000000000 0 0

Plant and Equipment Expenditure / Asset Disposal (Values in 2016/17 $'000)

0Plant and Equipment Expenditure 0 000000000000000000000 0 0

0Proceeds from Disposal of Plant and Equipment 0 000000000000000000000 0 0

0Written Down Value of Plant and Equipment

Disposed

0 000000000000000000000 0 0

0Gain/Loss on Disposal of Plant and Equipment 0 000000000000000000000 0 0

0 Proceeds from Disposal of Assets 0 000000000000000000000 0 0

0 Written Down Value of Assets Disposed 0 000000000000000000000 0 0

0 Gain/Loss on Disposal of System Assets 0 000000000000000000000 0 0


Values in $'000

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29

Revised/Additional Forecast Data

Rous County Council

OMA / Revenue Overrides (Values in 2016/17 $'000)

3848Administration 3848 384838483848384838483848384838483848384838483848384838483848384838483848384838483848 3848 3848

Override

1605Engineering and Supervision 1605 160516051605160516051605160516051605160516051605160516051605160516051605160516051605 1605 1605

Override

1896Operating Expenses 1896 189618961896189618961896189618961896189618961896189618961896189618961896189618961896 1896 1896

4521Override 5610 561056104521452145214521452145214521452145214521452145214521296429642964296429642964 2964 4521

2064Maintenance Expenses 2064 206420642064206420642064206420642064206420642064206420642064206420642064206420642064 2064 2064

Override

719Energy Costs 719 719719719719719719719719719719719719719719719719719719719719719 719 719

Override

837Chemical Costs 837 837837837837837837837837837837837837837837837837837837837837837 837 837

Override

0Purchase of Water 0 000000000000000000000 0 0

Override

1502Other Expenses 1502 150215021502150215021502150215021502150215021502150215021502150215021502150215021502 1502 1502

Override

2233Other Revenue 2233 223322332233223322332233223322332233223322332233223322332233223322332233223322332233 2233 2233

376Override 376 376376376376376376376376376376376376376376376376376376376376376 376 376

145Other Grants 145 145145145145145145145145145145145145145145145145145145145145145 145 145

0Override 0 000000000000000000000 0 0

573Other Contributions 573 573573573573573573573573573573573573573573573573573573573573573 573 573

0Override 0 000000000000000000000 0 0

Developer Charges Overrides (Values in 2016/17 $'000)

0Calculated from Scheme Data 0 000000000000000000000 0 0

2500Override 2500 250025002500250025002500250025002500250025002500250025002500250025002500250025001500 2500 2500

Pensioner Rebate (Values in Inflated $)

87.50Pensioner Rebate per Pensioner ($) 87.50 87.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.50 87.50 87.50

Override

55.00Pensioner Rebate Subsidy (%) 55.00 55.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.00 55.00 55.00

Override

208Number of Pensioner Assessments 208 208208208208208208208208208208208208208208208208208208208208208 208 208

Override

2.20Percentage of Pensioners (%) 2.20 2.202.202.202.202.202.202.202.202.202.202.202.202.202.202.202.202.202.202.202.202.20 2.20 2.20

Override

18Pensioner Rebate 18 181818181818181818181818181818181818181818 18 18

10Pensioner Rebate Subsidy 10 101010101010101010101010101010101010101010 10 10

Revenue Split (%)

10.62Residential Rates 10.62 10.6210.6210.6210.6210.6210.6210.6210.6210.6210.6210.6210.6210.6210.6210.6210.6210.6210.6210.6210.6210.62 10.62 10.62

0.00Override 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00

0.00Non-Residential Rates 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00

Override

0.00Sales of Water: Residential 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00

100.00Override 100.00 100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00 100.00 100.00

89.38Sales of Water: Non-Residential 89.38 89.3889.3889.3889.3889.3889.3889.3889.3889.3889.3889.3889.3889.3889.3889.3889.3889.3889.3889.3889.3889.38 89.38 89.38

0.00Override 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00

0.00Extra Charges 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00

Override

89.38Total Non-Residential Revenue (%) 89.38 89.3889.3889.3889.3889.3889.3889.3889.3889.3889.3889.3889.3889.3889.3889.3889.3889.3889.3889.3889.3889.38 89.38 89.38

10.62Total Residential Revenue (%) 10.62 10.6210.6210.6210.6210.6210.6210.6210.6210.6210.6210.6210.6210.6210.6210.6210.6210.6210.6210.6210.6210.62 10.62 10.62

100.00Total 100.00 100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00 100.00 100.00


Values in $'000

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29


Rous County Council


Values in $'000

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29


Rous County Council

New Loan Payment Overrides (Values in Inflated $'000)

3305Standard Loan Payments: Principal 5835 61656213583754765137481645204240390635252908272824702136193212596254382931200 0 3102

4179Standard Loan Payments: Interest 2171 2875327824412803313934573756403641053962457747554672432942612846138910167153060 0 4384

0Structured Loan Payments: Principal 0 000000000000000000000 0 0

0Structured Loan Payments: Interest 0 000000000000000000000 0 0

0Capitalised Interest 0 000000000000000000000 0 0

3305Total New Loan Payments: Principal 5835 61656213583754765137481645204240390635252908272824702136193212596254382931200 0 3102

Override

4179Total New Loan Payments: Interest 2171 2875327824412803313934573756403641053962457747554672432942612846138910167153060 0 4384

Override


Override


Values in $'000

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29

Operating Statement

Rous County Council

EXPENSES

5454Management Expenses 5453 5453 5453 5453 5453 5453 5453 5453 5453 5453 5453 5453 5453 5453 5453 5453 5453 5453 5453 5453 5453 54535454 5453

3848 Administration 3848 384838483848384838483848384838483848384838483848384838483848384838483848384838483848 3848 3848

1605 Engineering and Supervision 1605 160516051605160516051605160516051605160516051605160516051605160516051605160516051605 1605 1605

8141Operation and Maintenance Expenses 6584 6584 6583 6584 6584 6583 6584 8141 8141 8141 8140 8141 8141 8141 8141 8140 8141 8141 8141 9230 9230 92308140 8141

4521 Operation Expenses 5610 561056104521452145214521452145214521452145214521452145214521296429642964296429642964 2964 4521

2064 Maintenance Expenses 2064 206420642064206420642064206420642064206420642064206420642064206420642064206420642064 2064 2064

719 Energy Costs 719 719719719719719719719719719719719719719719719719719719719719719 719 719

837 Chemical Costs 837 837837837837837837837837837837837837837837837837837837837837837 837 837

0 Purchase of Water 0 000000000000000000000 0 0

6569Depreciation 5812 5843 5894 5940 5990 6038 6284 6526 6533 6524 6494 6622 6673 6678 6683 6689 6693 6697 6701 6888 7075 70806490 6518

6569 System Assets 6888 708070756701669766936689668366786673662264946490645564226411616659175867581457645676 5710 6518

0 Plant & Equipment 0 00000000000068112114117120123126129136 133 0

3032Interest Expenses 1261 159018581453171119642217246827192834280434883818401240124238330022682153208518981980 1793 3260

1502Other Expenses 1502 150215021502150215021502150215021502150215021502150215021502150215021502150215021502 1502 1502

24698TOTAL EXPENSES

21331 21176 21329 21563 21682 21844 23123 25860 25641 25632 25405 25078 24522 24603 24493 24247 24001 23752 23503 23251 24335 25117 2485424874

REVENUES

0Rates & Service Availability Charges 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 0

0 Residential 0 000000000000000000000 0 0

0 Non-Residential 0 000000000000000000000 0 0

22982User Charges 17144 17140 17144 17147 18003 18899 19846 20847 21888 22979 22980 22983 22983 22982 22986 22982 22983 22986 22983 20755 20757 2075722980 22981

22982 Sales of Water : Residential 20755 207572075722983229862298322982229862298222983229832298022980229792188820847198461889918003171471714417144 17140 22981

0 Sales of Water : Non-Residential 0 000000000000000000000 0 0

0Extra Charges 0 000000000000000000000 0 0

204Interest Income 262 235226509500419358254187188171168164153110127164168183175179548 258 222

376Other Revenues 376 376376376376376376376376376376376376376376376376376376376376376 376 376

7Grants 1506 10 10 9 9 9 9 8 8 8 8 7 7 7 7 6 6 6 6 6 6 68 7

0 Grants for Acquisition of Assets 0 000000000000000000001496 0 0

7 Pensioner Rebate Subsidy 6 66666677778888899991010 10 7

0 Other Grants 0 000000000000000000000 0 0

2500Contributions 1500 2500 2500 2500 2500 2500 2500 2500 2500 2500 2500 2500 2500 2500 2500 2500 2500 2500 2500 2500 2500 25002500 2500

2500 Developer Charges 2500 250025002500250025002500250025002500250025002500250025002500250025002500250025001500 2500 2500

0 Developer Provided Assets 0 000000000000000000000 0 0

0 Other Contributions 0 000000000000000000000 0 0

26069TOTAL REVENUES

21074 20284 20209 20206 21072 21951 22894 23859 24883 26016 26027 26031 26037 26055 26052 26122 26222 26284 26369 26374 23899 23864 2387426087

1371OPERATING RESULT

-257 -892 -1120 -1357 -611 108 -229 -2001 -758 384 623 953 1515 1452 1559 1875 2222 2532 2866 3123 -436 -1252 -9801213

1371OPERATING RESULT (less Grants for Acq of

Assets)

-1753 -892 -1120 -1357 -611 108 -229 -2001 -758 384 623 953 1515 1452 1559 1875 2222 2532 2866 3123 -436 -1252 -9801213


Values in 2016/17 $'000

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29

Cashflow Statement

Rous County Council

Cashflow From Operating Activities

Receipts

22982Rates and Charges 20755 207572075722983229862298322982229862298222983229832298022980229792188820847198461889918003171471714417144 17140 22981

204Interest Income 262 235226509500419358254187188171168164153110127164168183175179548 258 222

376Other Revenues 376 376376376376376376376376376376376376376376376376376376376376376 376 376

7Grants 6 6666667777888889999101506 10 7

2500Contributions 2500 250025002500250025002500250025002500250025002500250025002500250025002500250025001500 2500 2500

26069Total Receipts from Operations 21074 20284 20209 20206 21072 21951 22894 23859 24883 26016 26027 26031 26037 26055 26052 26122 26222 26284 26369 26374 23899 23864 2387426087

Payments

5454Management 5453 545354535453545354535453545354535453545354535454545354535453545354535453545354535453 5453 5453

8551Operations (plus WC Inc) 9640 964096418552855185508551855185518551855185518549855185518551699569936994699469936995 6995 8552


1502Other Expenses 1502 150215021502150215021502150215021502150215021502150215021502150215021502150215021502 1502 1502

18538Total Payments from Operations 15930 15743 15846 16033 16101 16216 17250 19744 19518 19519 19324 18994 18310 18340 18225 17974 17722 17469 17216 16960 17856 18453 1818518767

7531Net Cash from Operations 5144 4540 4363 4173 4970 5735 5644 4115 5364 6498 6703 7037 7726 7715 7827 8149 8500 8815 9153 9414 6042 5411 56897320

Cashflow from Capital Activities

Receipts

0Proceeds from Disposal of Assets 0 000000000000000000000 0 0

Payments

6765Acquisition of Assets 13899 1501141415423182533231253174171147767553240665693626725452105521588828568046442747713804 4480 2496

-6765Net Cash from Capital Activities -13804 -4480 -7477 -6442 -6804 -8285 -21588 -21055 -2545 -6267 -5693 -4066 -5532 -7767 -7114 -1741 -1253 -3323 -1825 -5423 -13899 -14141 -1501-2496

CashFlow from Financing Activities

Receipts

0New Loans Required 999 013000000002000400000300160012500195012000055004500600045000 0 0

Payments

2398Principal Loan Payments 3389 340835213475334232133088297128562697249523764193461244904403375631172859263823902098 2185 2307

-2398Net Cash from Financing Activities -2098 -2185 2110 3362 1641 2383 16244 15097 -1990 1388 -1192 -2376 -2495 1303 -856 -2971 -3088 -3213 -3342 -3475 -2390 9479 -3408-2307

-1632TOTAL NET CASH -10758 -2125 -1004 1093 -193 -167 300 -1842 829 1619 -182 594 -300 1250 -143 3437 4159 2279 3986 515 -10247 749 7802518

-1632Current Year Cash -10246 7807495153986227941593437-1431250-300594-1821619829-1842300-167-1931093-1004-10758 -2125 2518

6921Cash & Investments @Year Start 18134 8238769518072145381262387805562584547415159409643802871211340093809407143663382447117633 6707 4576

5288Cash & Investments @Year End 7888 9018844418587185241490212939900057025991485946904198449029422166410939044173447534676875 4582 7094

Capital Works Funding:

3556Internal Funding for New Works ($'000) 12123 3554324732726741231739255137013174552674512336827157322573387 2417 1656

3209Internal Funding for Renewals 776 1146109851761498305684114244722321618313749223800143212192758214741027208921 2063 840

0New Loans 999 013000000002000400000300160012500195012000055004500600045000 0 0

0Grants 0 000000000000000000001496 0 0

6765Total Capital Works 13804 4480 7477 6442 6804 8285 21588 21055 2545 6267 5693 4066 5532 7767 7114 1741 1253 3323 1825 5423 13898 14141 15012496


Values in 2016/17 $'000

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29

Statement of Financial Position

Rous County Council

5288Cash and Investments 7888 9018844418587185241490212939900057025991485946904198449029422166410939044173447534676875 4582 7094

1626Receivables 1626 162616261626162616261626162616261626162616261626162616261626162616261626162616261625 1625 1626

2760Inventories 2760 276127602760276027602760276027612760276027602760276027602760276027602760276127602760 2760 2760

351738Property, Plant & Equipment 329548 328156 329715 330195 330992 333225 348519 363040 359048 358790 355564 350648 351742 352178 347236 341800 338431 333558 332281 339292 346359 340780357993 351542

351738System Assets (1) 339292 340780346359332281333558338431341800347236352178351742350648355564357993358790358978362855348211332790330422329485328858328375 327144 351542

0Plant & Equipment 0 0000000000000701863084365707108581173 1012 0

16188Other Assets 16189 161891618916189161891618916189161891618916189161891618916189161891618916189161901619016189161891618916189 16189 16189

377602TOTAL ASSETS 356997 353313 353757 355246 355741 357706 373204 385782 382566 383855 382766 380829 376082 378308 378455 376810 375314 373907 372657 371443 367754 375378 370373379211

LIABILITIES

0Bank Overdraft 0 00000000000000117000000 0 0

1660Creditors 1660 166016601660166016601660166016601660166016601660166016601660166016601660165916591659 1659 1660

44844Borrowings 16850 218772591819721237762779631785357443968341552412565199755733583485838461883479563250530875299652726928672 25787 48423

2102Provisions 2101 210121012101210121012101210121012101210121012101210121012101210121022102210121022101 2101 2101

48605TOTAL LIABILITIES 32432 29547 31029 33726 34636 36266 51717 65762 62144 62109 59495 55759 45016 45313 43443 39505 35546 31557 27537 23482 20611 29679 2563852183

328996NET ASSETS COMMITTED 324565 323766 322728 321520 321104 321439 321487 320021 320421 321745 323272 325071 331066 332995 335011 337305 339768 342350 345120 347961 347143 345699 344735327027

EQUITY

67297Accumulated Operating Result 69055 635256611871228698086861667736671526690966984671706802168745698257117773734776277980381688843568785594394 91200 67574

360755Asset Revaluation Reserve 478749 508632493352464796451131437606424278411069397999385263372877337272325816314614303680292897282802273389264271255400246763230171 238380 348935

328996TOTAL EQUITY 324565 323766 322728 321520 321104 321439 321487 320138 320421 321745 323272 325071 331066 332995 335011 337305 339769 342351 345120 347962 347143 345699 344735327027


554846 Current Replacement Cost 577182 590580590225564059563812563485563217562806562490562098558547549634549317546861544487543823526700509332505804502148498617492442 494859 551289

203108 Less: Accumulated Depreciation 237890 249800243867231778230253225054221418215570210312210356207899194069191324188072185508180969178489176542175382172663169759164067 167714 199747

351738 Written Down Current Cost 339292 340780346359332281333558338431341800347236352178351742350648355564357993358790358978362855348211332790330422329485328858328375 327144 351542


Values in 2016/17 $'000

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29

Performance Indicators

Rous County Council

2436Typical Residential Bills 2200 220022002436243624362436243624362436243624362436243623202210210420041909181818181818 1818 2436

2435Average Residential Bills (2016/17$) 2199 219921992435243524352435243524342435243524342434243423192208210220021907181618161816 1816 2434

577Mgmnt Cost / Assessment (2016/17$) 577 578577578578578578578578578578578578577578578578578578578578578 578 578

1440OMA Cost per Assessment (2016/17$) 1556 155515561440144014401440144014401440144014401440144014401440127512751276127512751275 1275 1440

16.23Operating Sales Margin (%) 2.38 1.581.6115.7215.7615.7615.7715.8115.8115.8416.0316.5216.5416.4112.698.8912.7910.146.512.762.99-1.69 3.22 16.43

1.19Economic Real Rate of Return (%) 0.17 0.110.111.221.221.201.191.181.161.171.181.201.191.180.880.580.830.660.410.170.18-0.10 0.20 1.21

0.21Debt Service Ratio 0.19 0.210.230.190.190.200.200.210.210.210.200.230.310.330.340.360.310.250.240.230.210.21 0.20 0.21

0.14Debt/Equity Ratio 0.05 0.060.070.060.070.080.090.110.120.120.120.160.170.180.180.190.150.100.100.090.080.09 0.08 0.15

1.45Interest Cover 0.65 0.380.333.152.682.292.001.761.571.511.541.271.161.100.810.530.931.050.720.350.410.11 0.50 1.37

1.17Return on capital (%) 0.22 0.160.161.231.231.201.181.151.131.131.151.171.161.150.850.580.820.660.430.200.220.06 0.26 1.18

5288Cash and Investments (2016/17$'000) 7888 9018844418588185251490312939900057025991485946904198449029422166410939044173447534676875 4582 7094

44844Debt outstanding (2016/17$'000) 16850 218772591819721237762779631785357443968341552412565199755733583485838462000479563250530875299652726928672 25787 48423

39556Net Debt (2016/17$'000) 8962 1285917474113352511289318846267443398135561363974730751535538585544259834438472860126702254902380221797 21205 41329


RCC Retail Water LTFM 2016/17 : Case 3 - 3% increaseFINMOD

2016/17 2020/21 2025/26 2030/31 2035/36 2040/41 2045/46


Rous County Council









000000 0



Renewals ($m) 0.060.070.050.080.060.39 0.05

Renewals (%) 0.830.980.631.160.845.35 0.62



Debt Equity Ratio 0.000.00-0.04-0.38-1.170.00 0.00


Economic Real Rate of Return (%) 1.271.852.545.44-154.29-129.89 0.86

Return on Capital (%) 0.801.722.545.44-154.29-50.38 -0.36

Net Debt ($m) 0.000.000.080.500.850.00 0.00





Values in 2016/17 $

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29Drawdown


Rous County Council

0Total Principal 0 0 000000000000000000000 0 0

0Total Interest 0 000000000000000000000 0 0


Values in $'000


2014/15* 2015/16*


Rous County Council

EXPENSES


Administration

Engineering and Supervision


Operation Expenses

Maintenance Expenses

Energy Costs

Chemical Costs

Purchase of Water

Depreciation 0 0

System Assets

Plant & Equipment

Interest Expenses

Other Expenses

TOTAL EXPENSES0 0

REVENUES


Residential

Non-Residential

User Charges 0 0

Sales of Water : Residential

Sales of Water : Non-Residential

Extra Charges

Interest Income

Other Revenues

Grants 0 0


Pensioner Rebate Subsidy

Other Grants

Contributions 0 0

Developer Charges


Other Contributions

TOTAL REVENUES0 0

OPERATING RESULT0 0


Assets)

0 0


Values in $'000


2014/15* 2015/16*


Rous County Council

Cash and Investments 1000

Receivables

Inventories


System Assets (1)

Plant & Equipment

Other Assets

TOTAL ASSETS 0 1000

LIABILITIES

Bank Overdraft

Creditors

Borrowings

Provisions



EQUITY

Accumulated Operating Result 1000

Asset Revaluation Reserve

TOTAL EQUITY 0 1000


Current Replacement Cost 7000


Written Down Current Cost


Values in $'000

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29

Base Forecast Data

Rous County Council

Financial Data






Growth Rate (%)





0 Residential 0 000000000000000000000 0 0

0 Non-Residential 0 000000000000000000000 0 0



2017 Residential 2017 201720172017201720172017201720172017201720172017201720172017201720172017201720172017 2017 2017

15 Non-Residential 15 151515151515151515151515151515151515151515 15 15


Backlog Assessments

0 Residential 0 000000000000000000000 0 0

0 Non-Residential 0 000000000000000000000 0 0




0 Residential 0 000000000000000000000 0 0

0 Non-Residential 0 000000000000000000000 0 0






Override


Override


Override 143


Override


Equipment

0 000000000000000000000 0 0


Values in $'000

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29

Base Forecast Data

Rous County Council


0Existing Loan Payments : Principal (Total:0) 0 000000000000000000000 0 0





45Renewals (Total:2703) 91 6019087457110168119126457719384454953112615163386 211 45



Subsidised Scheme)

0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00







Disposed

0 000000000000000000000 0 0






Values in $'000

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29


Rous County Council


0Administration 0 000000000000000000000 0 0

51Override 51 515151515151515151515151515151515151515151 51 51


320Override 320 320320320320320320320320320320320320320320320320320320320320320 320 320


568Override 568 568568568568568568568568568568568568568568568568568568568568568 568 568


Override

0Energy Costs 0 000000000000000000000 0 0

Override

0Chemical Costs 0 000000000000000000000 0 0

Override


1373Override 1373 137313731373137313731373137313731373137313731373137313731373137313731373137313731373 1373 1373

0Other Expenses 0 000000000000000000000 0 0

Override

0Other Revenue 0 000000000000000000000 0 0

159Override 159 159159159159159159159159159159159159159159159159159159159159159 159 159

0Other Grants 0 000000000000000000000 0 0

Override


Override 22



Override



Override


Override


114Override 114 114114114114114114114114114114114114114114114114114114114114114 114 114


Override



Revenue Split (%)


Override


Override


Override


Override

0.00Extra Charges 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00

Override



100.00Total 100.00 100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00 100.00 100.00


Values in $'000

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29


Rous County Council


Values in $'000

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29


Rous County Council








Override


Override


Override


Values in $'000

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29

Operating Statement

Rous County Council

EXPENSES


51 Administration 51 515151515151515151515151515151515151515151 51 51





0 Energy Costs 0 000000000000000000000 0 0

0 Chemical Costs 0 000000000000000000000 0 0


144Depreciation 144 144 145 145 145 145 145 145 144 144 144 144 144 144 144 144 144 144 144 144 144 144144 144

144 System Assets 144 144144144144144144144144144144144144144144145145145145145145144 144 144

0 Plant & Equipment 0 000000000000000000000 0 0


0Other Expenses 0 000000000000000000000 0 0

2464TOTAL EXPENSES

2456 2456 2465 2475 2480 2484 2482 2478 2473 2470 2471 2470 2459 2458 2457 2456 2456 2456 2456 2456 2456 2456 24552468

REVENUES


2279 Residential 2280 228022792279228022792279227822792279227822782277227722762277227622112145208320221904 1960 2278

0 Non-Residential 0 000000000000000000000 0 0

0User Charges 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 0



0Extra Charges 0 000000000000000000000 0 0

0Interest Income 8 7675311000000000000030 8 0

159Other Revenues 159 159159159159159159159159159159159159159159159159159159159159159 159 159

4Grants 6 6 6 6 5 5 5 5 5 5 5 4 4 4 4 4 4 4 4 3 3 35 4



0 Other Grants 0 000000000000000000000 0 0

0Contributions 22 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 0




2442TOTAL REVENUES

2121 2133 2186 2247 2310 2375 2440 2441 2440 2441 2441 2442 2442 2441 2442 2442 2443 2445 2448 2448 2450 2448 24492442

-22OPERATING RESULT

-335 -323 -279 -228 -169 -109 -41 -36 -33 -29 -30 -28 -18 -17 -15 -14 -13 -12 -9 -8 -6 -9 -6-26

-22OPERATING RESULT (less Grants for Acq of

Assets)

-335 -323 -279 -228 -169 -109 -41 -36 -33 -29 -30 -28 -18 -17 -15 -14 -13 -12 -9 -8 -6 -9 -6-26


Values in 2016/17 $'000

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29

Cashflow Statement

Rous County Council


Receipts


0Interest Income 8 7675311000000000000030 8 0

159Other Revenues 159 159159159159159159159159159159159159159159159159159159159159159 159 159

4Grants 3 334444444455555555666 6 4

0Contributions 0 0000000000000000000022 0 0


Payments

371Management 371 371371371371372371371371371371371371372371371371371371371371371 371 371



0Other Expenses 0 000000000000000000000 0 0


123Net Cash from Operations -191 -179 -134 -83 -24 36 103 109 112 115 114 116 127 128 129 130 131 132 135 136 138 135 138118


Receipts


Payments




Receipts


Payments


0Net Cash from Financing Activities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00

78TOTAL NET CASH -616 -398 -197 -134 -85 -80 51 60 66 30 -87 37 81 0 9 61 26 61 90 49 45 -61 7773

78Current Year Cash 45 77-614990612661908137-8730666051-80-85-134-197-616 -398 73

-201Cash & Investments @Year Start 244 2152822011155833-28-37-38-120-322-244-279-353-421-483-415-340-215-231000 375 -279

-123Cash & Investments @Year End 289 2922202502061185934-28-38-39-286-330-250-286-362-432-495-425-348-220384 -23 -206




0New Loans 0 000000000000000000000 0 0

0Grants 0 000000000000000000000 0 0



Values in 2016/17 $'000

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29


Rous County Council


0Receivables 0 000000000000000000000 0 0

0Inventories 0 000000000000000000000 0 0

-485Property, Plant & Equipment 281 356 274 180 95 66 -27 -122 -221 -279 -287 -585 -601 -625 -700 -739 -811 -909 -966 -1018 -965 -1049-222 -386

-485System Assets (1) -1018 -1049-965-966-909-811-739-700-625-601-585-287-222-279-221-122-276695180274281 356 -386

0Plant & Equipment 0 000000000000000000000 0 0

0Other Assets 0 000000000000000000000 0 0

-485TOTAL ASSETS 665 356 274 180 95 66 -27 -122 -221 -279 -222 -287 -585 -601 -625 -666 -680 -692 -704 -716 -729 -745 -756-386

LIABILITIES

123Bank Overdraft 0 00000002838392863302502863624324954253482200 23 206

0Creditors 0 000000000000000000000 0 0

0Borrowings 0 000000000000000000000 0 0

0Provisions 0 000000000000000000000 0 0


-609NET ASSETS COMMITTED 665 333 54 -168 -330 -429 -459 -484 -506 -529 -552 -572 -624 -639 -653 -666 -680 -692 -704 -716 -729 -745 -756-592

EQUITY

-596Accumulated Operating Result -576 -562-570-583-590-596-599-601-602-601-599-576-562-545-529-509-485-454-354-18939665 326 -588

-18Asset Revaluation Reserve -264 -351-308-223-186-154-126-100-77-55-3551220273030292723160 7 -5

-609TOTAL EQUITY 665 333 54 -168 -330 -429 -459 -484 -507 -529 -552 -572 -624 -639 -653 -666 -680 -692 -704 -716 -729 -745 -756-592




-485 Written Down Current Cost -1018 -1049-965-966-909-811-739-700-625-601-585-287-222-279-221-122-276695180274281 356 -386


Values in 2016/17 $'000

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29


Rous County Council





-0.59Operating Sales Margin (%) -0.57 -0.54-0.58-0.59-0.55-0.61-0.58-0.59-0.58-0.62-0.61-0.56-0.61-0.62-0.67-0.62-0.67-3.46-6.35-9.38-12.41-17.46 -15.56 -0.61

2.99Economic Real Rate of Return (%) 1.37 1.271.471.481.481.851.912.072.262.532.544.796.695.447.4312.4161.29-124.00-154.29-117.01-98.96-129.89 -92.88 3.85


-0.20Debt/Equity Ratio 0.00 0.000.000.000.000.000.000.00-0.04-0.06-0.06-0.50-0.60-0.47-0.56-0.75-0.94-1.15-1.29-2.074.050.00 0.07 -0.35

-2.00Interest Cover 0.00 0.000.000.000.000.000.000.00-10.50-11.00-5.25-0.95-1.00-1.12-1.00-0.72-0.66-3.10-6.48-12.61-35.630.00 0.00 -1.33

2.99Return on capital (%) 0.88 0.801.141.081.211.721.892.072.262.532.544.796.695.447.4312.4161.29-124.00-154.29-117.01-98.96-50.38 -90.68 3.85

-123Cash and Investments (2016/17$'000) 289 2922202502061185934-28-38-39-286-330-250-286-362-432-495-425-348-220384 -23 -206


246Net Debt (2016/17$'000) 0 00000005676785726605005727248649908506964400 46 412


RCC Flood mitigation LTFM 2016/17 : Case 3 - funding requiredFINMOD

2016/17 2020/21 2025/26 2030/31 2035/36 2040/41 2045/46


Rous County Council









000000 0



Renewals ($m) 0.350.350.350.350.350.31 0.35

Renewals (%) 0.290.290.290.290.290.25 0.29





Economic Real Rate of Return (%) -0.43-0.42-0.41-0.40-0.73-0.69 -0.44

Return on Capital (%) -0.41-0.40-0.39-0.38-0.70-0.60 -0.42

Net Debt ($m) 0.000.000.000.000.000.00 0.00





Values in 2016/17 $

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29Drawdown


Rous County Council

0Total Principal 0 0 000000000000000000000 0 0

0Total Interest 0 000000000000000000000 0 0


Values in $'000


2014/15* 2015/16*


Rous County Council

EXPENSES


Administration





Energy Costs

Chemical Costs

Purchase of Water

Depreciation 830 876

System Assets 780 827


Interest Expenses 17 15



REVENUES


Residential 664 678

Non-Residential

User Charges 0 0



Extra Charges


Other Revenues 0 0

Grants 521 551

Grants for Acquisition of Assets 116 0



Contributions 0 0

Developer Charges


Other Contributions


OPERATING RESULT-1003 -815


Assets)

-1119 -815


Values in $'000


2014/15* 2015/16*


Rous County Council


Receivables 114 41

Inventories 55 52


System Assets (1) 118799 119712


Other Assets 17 15


LIABILITIES

Bank Overdraft

Creditors 97 61

Borrowings 243 200

Provisions 104 99



EQUITY





Current Replacement Cost 112420 118627

Less: Accumulated Depreciation -6379 -1085

Written Down Current Cost 118799 119712


Values in $'000

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29

Base Forecast Data

Rous County Council

Financial Data






Growth Rate (%)





0 Residential 0 000000000000000000000 0 0

0 Non-Residential 0 000000000000000000000 0 0



1000 Residential 1000 100010001000100010001000100010001000100010001000100010001000100010001000100010001000 1000 1000

0 Non-Residential 0 000000000000000000000 0 0


Backlog Assessments

0 Residential 0 000000000000000000000 0 0

0 Non-Residential 0 000000000000000000000 0 0




0 Residential 0 000000000000000000000 0 0

0 Non-Residential 0 000000000000000000000 0 0






Override


Override


Override


Override


Equipment

0 000000000000000000000 0 0


Values in $'000

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29

Base Forecast Data

Rous County Council







350Renewals (Total:10457) 350 350350350350350350350350350350350350350350350350350350350350307 350 350



Subsidised Scheme)

0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00







Disposed

0 000000000000000000000 0 0






Values in $'000

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29


Rous County Council


0Administration 0 000000000000000000000 0 0

370Override 370 370370370370370370370370370370370370370370370370370370370370370 370 370


116Override 116 116116116116116116116116116116116116116116116116116116116116116 116 116


0Override 0 000000000000000000000 0 0


308Override 308 308308308308308308308308308308308308308308308308308308308308308 308 308

0Energy Costs 0 000000000000000000000 0 0

Override

0Chemical Costs 0 000000000000000000000 0 0

Override


Override

229Other Expenses 229 229229229229229229229229229229229229229229229229229229229229229 229 229

22Override 22 222222222222222222222222222222222222222222 22 22

0Other Revenue 0 000000000000000000000 0 0

27Override 27 272727272727272727272727272727272727272758 27 27

565Other Grants 565 565565565565565565565565565565565565565565565565565565565565565 565 565

85Override 85 858585858585858585858585858585858585858585 85 85


75Override 75 757575757575757575757575757575757575757575 75 75



Override



Override


Override


Override


Override



Revenue Split (%)


Override


Override


Override


Override

0.00Extra Charges 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00

Override



100.00Total 100.00 100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00 100.00 100.00


Values in $'000

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29


Rous County Council


Values in $'000

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29


Rous County Council








Override


Override


Override


Values in $'000

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29

Operating Statement

Rous County Council

EXPENSES


370 Administration 370 370370370370370370370370370370370370370370370370370370370370370 370 370





0 Energy Costs 0 000000000000000000000 0 0

0 Chemical Costs 0 000000000000000000000 0 0


848Depreciation 848 848 848 848 848 848 848 848 848 848 848 848 848 848 848 848 848 848 848 848 848 848848 848

848 System Assets 848 848848848848848848848848848848848848848848848848848848848848848 848 848

0 Plant & Equipment 0 000000000000000000000 0 0


22Other Expenses 22 222222222222222222222222222222222222222222 22 22

1664TOTAL EXPENSES

1676 1673 1670 1667 1663 1663 1664 1664 1664 1664 1663 1663 1664 1664 1664 1664 1663 1663 1664 1664 1664 1665 16641664

REVENUES


1000 Residential 1000 1000100010001000100010001000100010001000100010001000100010001000930600600600600 600 1000

0 Non-Residential 0 000000000000000000000 0 0

0User Charges 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 0



0Extra Charges 0 000000000000000000000 0 0

22Interest Income 22 2222232323222323232323232222222222314868104 88 22

27Other Revenues 27 272727272727272727272727272727272727272758 27 27

85Grants 85 85 85 85 85 85 85 85 85 85 85 85 85 85 85 85 85 85 85 85 85 8585 85



85 Other Grants 85 858585858585858585858585858585858585858585 85 85

75Contributions 75 75 75 75 75 75 75 75 75 75 75 75 75 75 75 75 75 75 75 75 75 7575 75




1209TOTAL REVENUES

922 875 854 836 818 1139 1209 1209 1209 1210 1210 1210 1210 1210 1210 1210 1210 1210 1210 1210 1209 1209 12091209

-455OPERATING RESULT

-754 -798 -817 -831 -845 -524 -455 -455 -455 -454 -453 -453 -454 -454 -454 -454 -453 -454 -454 -454 -455 -456 -455-455

-455OPERATING RESULT (less Grants for Acq of

Assets)

-754 -798 -817 -831 -845 -524 -455 -455 -455 -454 -453 -453 -454 -454 -454 -454 -453 -454 -454 -454 -455 -456 -455-455


Values in 2016/17 $'000

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29

Cashflow Statement

Rous County Council


Receipts


22Interest Income 22 2222232323222323232323232222222222314868104 88 22

27Other Revenues 27 272727272727272727272727272727272727272758 27 27

85Grants 85 858585858585858585858585858585858585858585 85 85

75Contributions 75 757575757575757575757575757575757575757575 75 75


Payments

486Management 486 486486486486486486486486486486485486486486486486486486486486486 486 486



22Other Expenses 22 222222222222222222222222222222222222222222 22 22




Receipts


Payments




Receipts


Payments


0Net Cash from Financing Activities -45 -47 -49 -51 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00

35TOTAL NET CASH -266 -354 -376 -392 -354 -34 34 35 35 36 36 36 35 36 36 35 36 35 35 36 34 34 3534

35Current Year Cash 34 35343635353635363635363636353534-34-354-392-376-266 -354 34






0New Loans 0 000000000000000000000 0 0

0Grants 0 000000000000000000000 0 0



Values in 2016/17 $'000

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29


Rous County Council


40Receivables 39 404039393938393939404041414141414242424242 42 40

52Inventories 52 525252525353535352525252515150515152525253 53 52


115832System Assets (1) 111445 110468110956111933112420112907113394113881114369114857115345116809117296117784118272118761119249119736120223120711121198122174 121686 116320

0Plant & Equipment 0 000000000000000000000 0 0

11Other Assets 9 8999910101010111112121213131314141415 15 11

116640TOTAL ASSETS 124507 123610 122701 121788 120921 120384 119918 119450 118983 118516 118048 117581 116170 115700 115229 114758 114287 113816 113344 112873 112398 111923 111449117110

LIABILITIES

0Bank Overdraft 0 000000000000000000000 0 0

65Creditors 64 646464636363646464646565656565656564646463 63 65

0Borrowings 0 000000000000000000052155 104 0

102Provisions 102 102102102103103103103102102102102102102103103103103102102102101 101 102



EQUITY



116473TOTAL EQUITY 124188 123340 122483 121621 120754 120217 119751 119283 118815 118348 117881 117414 116004 115534 115063 114592 114121 113650 113178 112707 112232 111757 111283116943



5901 Less: Accumulated Depreciation 10379 11375108779881938488868389789273946896639949054408391034122913241519181421922425-571 -73 5403



Values in 2016/17 $'000

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29


Rous County Council





-40.22Operating Sales Margin (%) -40.23 -40.13-40.24-40.12-40.15-40.09-40.06-40.20-40.18-40.20-40.19-40.14-40.07-40.12-40.18-40.18-40.16-48.89-111.28-111.32-111.74-103.42 -111.40 -40.23

-0.41Economic Real Rate of Return (%) -0.43 -0.43-0.43-0.43-0.42-0.42-0.42-0.42-0.42-0.42-0.41-0.41-0.41-0.40-0.40-0.40-0.40-0.46-0.73-0.73-0.72-0.69 -0.72 -0.41



0.00Interest Cover 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00-297.33-142.00-61.83 -89.89 0.00

-0.39Return on capital (%) -0.41 -0.41-0.41-0.40-0.40-0.40-0.40-0.40-0.39-0.39-0.39-0.39-0.38-0.38-0.38-0.38-0.38-0.44-0.70-0.68-0.66-0.60 -0.64 -0.39



0Net Debt (2016/17$'000) 0 000000000000000000000 0 0


RCC Weed Biosecurity LTFM 2016/17 : Base Case Oct 2017FINMOD

2016/17 2020/21 2025/26 2030/31 2035/36 2040/41 2045/46


Rous County Council









000000 0



Renewals ($m) 0.000.000.000.000.000.00 0.00

Renewals (%) 0.000.000.000.000.000.00 0.00





Economic Real Rate of Return (%) 5.356.909.6713.686.695.79 4.37

Return on Capital (%) 3.484.115.046.174.494.57 2.99

Net Debt ($m) 0.000.000.000.000.000.00 0.00





Values in 2016/17 $

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29Drawdown


Rous County Council

0Total Principal 0 0 000000000000000000000 0 0

0Total Interest 0 000000000000000000000 0 0


Values in $'000


2014/15* 2015/16*


Rous County Council

EXPENSES


Administration





Energy Costs

Chemical Costs

Purchase of Water

Depreciation 83 94

System Assets


Interest Expenses 0



REVENUES


Residential 12 17

Non-Residential

User Charges 0 0

Sales of Water : Residential 0 0


Extra Charges


Other Revenues 724 768

Grants 1099 517




Contributions 0 0

Developer Charges


Other Contributions


OPERATING RESULT484 -1


Assets)

484 -1


Values in $'000


2014/15* 2015/16*


Rous County Council


Receivables 5 33

Inventories 4 13


System Assets (1) 0


Other Assets 9 16


LIABILITIES

Bank Overdraft

Creditors 88 309

Borrowings

Provisions 102 126



EQUITY





Current Replacement Cost 851


Written Down Current Cost 0


Values in $'000

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29

Base Forecast Data

Rous County Council

Financial Data






Growth Rate (%)





0 Residential 0 000000000000000000000 0 0

0 Non-Residential 0 000000000000000000000 0 0



1000 Residential 1000 100010001000100010001000100010001000100010001000100010001000100010001000100010001000 1000 1000

0 Non-Residential 0 000000000000000000000 0 0


Backlog Assessments

0 Residential 0 000000000000000000000 0 0

0 Non-Residential 0 000000000000000000000 0 0




0 Residential 0 000000000000000000000 0 0

0 Non-Residential 0 000000000000000000000 0 0






Override


Override


Override 11


Override


Equipment

0 00000000000004363636363636363 63 0


Values in $'000

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29

Base Forecast Data

Rous County Council







0Renewals (Total:0) 0 000000000000000000000 0 0



Subsidised Scheme)

0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00







Disposed

0 000000000000000000000 0 0






Values in $'000

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29


Rous County Council


0Administration 0 000000000000000000000 0 0

292Override 292 292292292292292292292292292292292292292292292292292292292292292 292 292


123Override 123 123123123123123123123123123123123123123123123123123123123123123 123 123


790Override 790 790790790790790790790790790790790790790790790790790790790790790 790 790


Override

0Energy Costs 0 000000000000000000000 0 0

Override

0Chemical Costs 0 000000000000000000000 0 0

Override


Override

298Other Expenses 298 298298298298298298298298298298298298298298298298298298298298298 298 298

0Override 0 000000000000000000000 0 0

787Other Revenue 787 787787787787787787787787787787787787787787787787787787787787787 787 787

11Override 11 111111111111111111111111111111111111111111 11 11

530Other Grants 530 530530530530530530530530530530530530530530530530530530530530530 530 530

563Override 563 563563563563563563563563563563563563563563563563563563563563563 563 563


Override



Override



Override


Override


Override


Override



Revenue Split (%)


Override


Override


Override


Override

0.00Extra Charges 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00

Override



100.00Total 100.00 100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00 100.00 100.00


Values in $'000

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29


Rous County Council


Values in $'000

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29


Rous County Council








Override


Override


Override


Values in $'000

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29

Operating Statement

Rous County Council

EXPENSES


292 Administration 292 292292292292292292292292292292292292292292292292292292292292292 292 292





0 Energy Costs 0 000000000000000000000 0 0

0 Chemical Costs 0 000000000000000000000 0 0


22Depreciation 75 74 73 73 72 72 72 71 53 19 21 22 23 24 25 26 27 28 30 30 31 3220 22

22 System Assets 30 323130282726252423222120191818171615151312 13 22

0 Plant & Equipment 0 00000000000003553545657596063 61 0


0Other Expenses 0 000000000000000000000 0 0

1227TOTAL EXPENSES

1280 1279 1278 1278 1277 1276 1277 1275 1259 1225 1224 1226 1227 1228 1229 1230 1231 1232 1233 1235 1235 1236 12371226

REVENUES


738 Residential 738 738738738738738738738738738738738738738738738738738738738738738 738 738

0 Non-Residential 0 000000000000000000000 0 0

0User Charges 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 0



0Extra Charges 0 000000000000000000000 0 0

62Interest Income 62 616262636362626363636261605958575755545349 52 62

11Other Revenues 11 111111111111111111111111111111111111111111 11 11

563Grants 563 563 563 563 563 563 563 563 563 563 563 563 563 563 563 563 563 563 563 563 563 563563 563



563 Other Grants 563 563563563563563563563563563563563563563563563563563563563563563 563 563

0Contributions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 0




1374TOTAL REVENUES

1361 1363 1366 1366 1367 1368 1369 1370 1371 1372 1373 1373 1376 1375 1375 1375 1374 1375 1375 1374 1374 1373 13731374

147OPERATING RESULT

81 84 88 88 90 92 92 94 112 147 149 148 149 147 146 145 143 143 142 139 139 137 137148


Assets)

81 84 88 88 90 92 92 94 112 147 149 148 149 147 146 145 143 143 142 139 139 137 137148


Values in 2016/17 $'000

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29

Cashflow Statement

Rous County Council


Receipts


62Interest Income 62 616262636362626363636261605958575755545349 52 62

11Other Revenues 11 111111111111111111111111111111111111111111 11 11

563Grants 563 563563563563563563563563563563563563563563563563563563563563563 563 563

0Contributions 0 000000000000000000000 0 0


Payments

416Management 415 415415415415415415415415415415415415416415415416415415414415415 415 415



0Other Expenses 0 000000000000000000000 0 0




Receipts


Payments




Receipts


Payments



123TOTAL NET CASH 85 93 94 69 133 82 73 115 103 80 140 72 110 78 121 83 94 124 109 62 140 92 9898

123Current Year Cash 140 98926210912494831217811072140801031157382133699485 93 98






0New Loans 0 000000000000000000000 0 0

0Grants 0 000000000000000000000 0 0



Values in 2016/17 $'000

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29


Rous County Council


34Receivables 33 323233333333343434343434343434343434343434 34 34

9Inventories 8 77888899991010101111111112121213 13 10


836System Assets (1) 1299 1405135612911203116011321073100096588574465863856150646438030428119469 132 803

0Plant & Equipment 0 000000000000003691149210274341484 411 0

12Other Assets 9 9910101010111111111212131313141414151516 16 12

2840TOTAL ASSETS 1771 1824 1881 1938 1998 2059 2122 2187 2269 2386 2504 2617 2951 3058 3164 3268 3368 3467 3563 3656 3747 3836 39232730

LIABILITIES

0Bank Overdraft 0 000000000000000000000 0 0

317Creditors 317 317317317317317317317317317317317317317317317317317317317317317 317 317

0Borrowings 0 000000000000000000000 0 0

128Provisions 128 129129129129129129129129128128129129129129129128128128128128129 129 129



EQUITY



2395TOTAL EQUITY 1325 1379 1435 1493 1553 1614 1676 1741 1824 1940 2058 2171 2505 2613 2719 2822 2922 3021 3118 3210 3302 3391 34782284






Values in 2016/17 $'000

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29


Rous County Council





6.42Operating Sales Margin (%) 5.84 5.735.755.906.006.106.166.316.376.426.526.576.736.654.012.762.692.702.622.622.612.44 2.46 6.57

10.06Economic Real Rate of Return (%) 5.90 5.355.566.006.546.907.137.728.358.739.6711.5813.4213.689.376.676.376.686.696.196.415.79 5.94 10.74



0.00Interest Cover 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00

5.16Return on capital (%) 3.70 3.483.583.813.974.114.254.444.624.815.045.655.966.174.924.314.354.464.494.554.664.57 4.60 5.42



0Net Debt (2016/17$'000) 0 000000000000000000000 0 0


Commercial Activities : Base caseFINMOD

2016/17 2020/21 2025/26 2030/31 2035/36 2040/41 2045/46


Rous County Council









000000 0



Renewals ($m) 0.030.030.030.030.030.03 0.03

Renewals (%) 11.9212.0011.9011.8611.9612.00 11.89





Economic Real Rate of Return (%) 9.4011.0013.33-13.55-81.95438.41 8.14

Return on Capital (%) 5.025.927.25-4.14-5.3044.15 4.35

Net Debt ($m) 0.000.000.000.000.000.00 0.00





Values in 2016/17 $

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29Drawdown


Rous County Council

0Total Principal 0 0 000000000000000000000 0 0

0Total Interest 0 000000000000000000000 0 0


Values in $'000


2014/15* 2015/16*


Rous County Council

EXPENSES


Administration

Engineering and Supervision


Operation Expenses


Energy Costs

Chemical Costs

Purchase of Water

Depreciation 0 0

System Assets

Plant & Equipment

Interest Expenses

Other Expenses

TOTAL EXPENSES0 0

REVENUES


Residential

Non-Residential

User Charges 0 0



Extra Charges

Interest Income

Other Revenues

Grants 0 0



Other Grants

Contributions 0 0

Developer Charges


Other Contributions

TOTAL REVENUES0 0

OPERATING RESULT0 0


Assets)

0 0


Values in $'000


2014/15* 2015/16*


Rous County Council

Cash and Investments 1651

Receivables

Inventories


System Assets (1)

Plant & Equipment

Other Assets

TOTAL ASSETS 0 1651

LIABILITIES

Bank Overdraft

Creditors

Borrowings

Provisions



EQUITY

Accumulated Operating Result 1651

Asset Revaluation Reserve

TOTAL EQUITY 0 1651


Current Replacement Cost


Written Down Current Cost


Values in $'000

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29

Base Forecast Data

Rous County Council

Financial Data






Growth Rate (%)





0 Residential 0 000000000000000000000 0 0

0 Non-Residential 0 000000000000000000000 0 0



1000 Residential 1000 100010001000100010001000100010001000100010001000100010001000100010001000100010001000 1000 1000

0 Non-Residential 0 000000000000000000000 0 0


Backlog Assessments

0 Residential 0 000000000000000000000 0 0

0 Non-Residential 0 000000000000000000000 0 0




0 Residential 0 000000000000000000000 0 0

0 Non-Residential 0 000000000000000000000 0 0






Override


Override


Override


Override


Equipment

0 000000000000000000000 0 0


Values in $'000

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29

Base Forecast Data

Rous County Council







30Renewals (Total:900) 30 303030303030303030303030303030303030303030 30 30



Subsidised Scheme)

0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00







Disposed

0 000000000000000000000 0 0






Values in $'000

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29


Rous County Council


0Administration 0 000000000000000000000 0 0

186Override 186 186186186186186186186186186186186186186186186186186186186186186 186 186


143Override 143 143143143143143143143143143143143143143143143143143143143143143 143 143


574Override 574 574574574574574574574574574574574574574574574574574574574574574 574 574


Override

0Energy Costs 0 000000000000000000000 0 0

Override

0Chemical Costs 0 000000000000000000000 0 0

Override


Override

0Other Expenses 0 000000000000000000000 0 0

Override 1551898398-15001898398-20001280-1125 343

0Other Revenue 0 000000000000000000000 0 0

234Override 234 234234234234234234234234234234234234234234234234234234234234234 234 234

0Other Grants 0 000000000000000000000 0 0

Override


Override



Override



Override


Override


Override


Override



Revenue Split (%)


Override


Override


Override


Override

0.00Extra Charges 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00

Override



100.00Total 100.00 100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00 100.00 100.00


Values in $'000

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29


Rous County Council


Values in $'000

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29


Rous County Council








Override


Override


Override


Values in $'000

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29

Operating Statement

Rous County Council

EXPENSES


186 Administration 186 186186186186186186186186186186186186186186186186186186186186186 186 186





0 Energy Costs 0 000000000000000000000 0 0

0 Chemical Costs 0 000000000000000000000 0 0


3Depreciation 4 4 4 4 4 4 3 3 3 3 3 3 3 3 3 3 3 2 2 2 2 23 3

3 System Assets 2 222233333333333344444 4 3

0 Plant & Equipment 0 000000000000000000000 0 0


0Other Expenses 0 0000000000001551898398-15001898398-20001280-1125 343 0

905TOTAL EXPENSES

-218 1251 2186 -1094 1305 2804 -593 1304 2804 1062 906 906 906 905 905 906 905 906 906 905 905 905 905906

REVENUES


758 Residential 758 758758758758758758758758758758758758758758758758758758758758758 758 758

0 Non-Residential 0 000000000000000000000 0 0

0User Charges 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 0



0Extra Charges 0 000000000000000000000 0 0

28Interest Income 38 39393736363534323029242323531008481130987795 111 26

234Other Revenues 234 234234234234234234234234234234234234234234234234234234234234234 234 234

0Grants 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 0



0 Other Grants 0 000000000000000000000 0 0

0Contributions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 0




1020TOTAL REVENUES

1087 1103 1069 1090 1122 1074 1075 1092 1045 1015 1015 1017 1021 1023 1024 1025 1027 1028 1028 1029 1030 1031 10311018

115OPERATING RESULT

1305 -147 -1117 2184 -183 -1730 1669 -212 -1760 -46 109 111 115 117 119 120 121 122 122 124 125 126 126112


Assets)

1305 -147 -1117 2184 -183 -1730 1669 -212 -1760 -46 109 111 115 117 119 120 121 122 122 124 125 126 126112


Values in 2016/17 $'000

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29

Cashflow Statement

Rous County Council


Receipts


28Interest Income 38 39393736363534323029242323531008481130987795 111 26

234Other Revenues 234 234234234234234234234234234234234234234234234234234234234234234 234 234

0Grants 0 000000000000000000000 0 0

0Contributions 0 000000000000000000000 0 0


Payments

329Management 329 329329329329329329329329329329329329329329329329329329329328329 330 329



0Other Expenses 0 0000000000001551898398-15001898398-20001280-1125 343 0

902Total Payments from Operations -222 1247 2183 -1098 1301 2800 -597 1301 2801 1059 903 903 903 902 903 903 903 903 903 903 903 903 903903

118Net Cash from Operations 1309 -143 -1114 2188 -179 -1726 1672 -209 -1756 -43 112 114 118 120 121 122 124 124 124 126 127 128 128115


Receipts


Payments




Receipts


Payments



88TOTAL NET CASH 1029 -174 -1144 2158 -209 -1756 1642 -239 -1787 -73 82 84 88 90 91 92 94 94 95 96 97 98 9886

88Current Year Cash 97 989896959494929190888482-73-1787-2391642-1756-2092158-11441029 -174 86






0New Loans 0 000000000000000000000 0 0

0Grants 0 000000000000000000000 0 0



Values in 2016/17 $'000

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29


Rous County Council


0Receivables 0 000000000000000000000 0 0

0Inventories 0 000000000000000000000 0 0


620System Assets (1) 868 923896839812785757729702675648567541514488461435408381355328276 302 593

0Plant & Equipment 0 000000000000000000000 0 0

0Other Assets 0 000000000000000000000 0 0

1497TOTAL ASSETS 2956 2743 1566 3720 3455 1651 3289 3007 1184 1121 1215 1309 1592 1686 1780 1873 1966 2059 2150 2241 2332 2423 25111402

LIABILITIES

0Bank Overdraft 0 000000000000000000000 0 0

0Creditors 0 000000000000000000000 0 0

0Borrowings 0 000000000000000000000 0 0

0Provisions 0 000000000000000000000 0 0



EQUITY



1497TOTAL EQUITY 2956 2743 1566 3720 3455 1651 3289 3007 1184 1121 1215 1309 1592 1686 1780 1873 1966 2059 2150 2241 2332 2423 25111402



-371 Less: Accumulated Depreciation -617 -673-645-589-562-535-507-480-452-425-398-317-291-264-238-211-185-158-131-105-79-26 -53 -344



Values in 2016/17 $'000

2029/30


2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29


Rous County Council





8.77Operating Sales Margin (%) 8.78 8.758.798.768.688.708.738.688.708.778.708.688.66-7.02-182.63-31.47159.83-182.46-31.51210.30-120.44121.98 -26.06 8.70

14.04Economic Real Rate of Return (%) 10.04 9.409.7410.3510.5911.0011.4311.8012.2812.9013.3315.1915.90-13.55-371.72-67.70364.68-443.51-81.95587.96-363.77438.41 -85.48 14.54



0.00Interest Cover 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00

7.66Return on capital (%) 5.35 5.025.195.535.685.926.166.396.666.967.258.448.94-4.14-148.58-7.0550.73-104.76-5.3058.71-71.3744.15 -5.37 8.01



0Net Debt (2016/17$'000) 0 000000000000000000000 0 0


Rous County Council Financial Planning – 2017

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Transcript of Rous County Council Financial Planning – 2017