Late Reports Agenda of Council Briefing

Council Briefing Agenda 13 August 2019

7 Community and Business Services

7.1 Investment Report as at 31 July 2019

TRIM Ref: D19/115413

Author: Nirav Shah, Coordinator Financial Services

Authoriser: John Corbellini, A/Executive Director Community and Business Services

Attachments: 1. Investment report July 2019 ⇩

Recommendation:

That Council NOTES the Investment Report for the month ended 31 July 2019 as detailed in Attachment 1.

Purpose of Report:

To advise Council of the nature and value of the City’s investments as at 31 July 2019 and the interest earned year to date.

Background:

The City’s surplus funds are invested in bank term deposits for various terms to facilitate maximum investment returns in accordance to the City’s Investment Policy (No. 1.2.4).

Details of the investments are included in Attachment 1 and outline the following information:

· Investment performance and policy compliance charts;

· Investment portfolio data;

· Investment interest earnings; and

· Current investment holdings.

Details:

The City’s investment portfolio is diversified across several accredited financial institutions.

As at 31 July 2019, the total funds held in the City’s operating account (including on call) is $32,209,493, compared to $26,826,861 for the period ending 31 July 2018.

In addition, total term deposit investments for the period ending 31 July 2019 has increased to $26,105,854 compared to last year’s amount of $23,990,516.

Funds relating to trust monies have been transferred to the City’s Municipal account. This is in accordance to a position paper published by the Office of the Auditor General (OAG) in July 2019. The legal advice obtained by the OAG, states that unless agreements are in place which require local governments to hold funds in trust, all other bond monies should not be held in the trust fund account.

The following table shows funds under management for the previous and current year:

Month	2018/19		2019/20
Ended	Total funds held	Total term deposits	Total funds held	Total term deposits
July	$26,826,861	$23,990,516	$32,209,493	$26,105,854
August	$44,327,708	$37,499,275
September	$44,209,274	$40,651,147
October	$44,463,021	$41,180,325
November	$44,188,761	$42,678,504
December	$40,977,846	$38,667,039
January	$42,109,674	$35,225,189
February	$44,227,308	$36,178,794
March	$39,157,958	$32,739,750
April	$36,427,902	$31,019,902
May	$33,384,520	$29,469,158
June	$30,503,765	$25,613,648

Total accrued interest earned on investments as at 30 June 2019 is:

	Annual Budget	YTD Budget	YTD Actual	% of YTD Budget
Municipal	$420,000	$35,000	$16,001	45.72%
Reserve	$278,688	$23,224	$24,529	105.62%
Sub-total	$646,060	$58,224	$40,530	69.61%

Leederville Gardens Inc. Surplus Trust*	$0	$0	$10,414	N/A

*Interest estimates for Leederville Gardens Inc. Surplus Trust were not included in the 2019,/20 Budget as actual interest earned is held in trust that is restricted.

The City has obtained a weighted average interest rate of 2.05% for current investments including the operating account and 2.30% excluding the operating account. The Reserve Bank 90 days accepted bill rate for July 2019 is 1.11%.

Sustainable Investments

The City’s Investment Policy states that preference “is to be given to investments with institutions that have been assessed to have no current record of funding fossil fuels, providing that doing so will secure a rate of return that is at least equal to alternatives offered by other institutions”. Administration currently uses Marketforces.org.au to assist in assessing whether a bank promotes non-investments in fossil fuel related entities.

As at 31 July 2019, 6.68% of the City’s investments are held in financial institutions considered to be investing in non-fossil fuel related activities.

Administration has established guidelines for the management of the City’s investments, including maximum investment ratios as shown in the following table:

Short Term Rating (Standard & Poor’s) or Equivalent	Direct Investments Maximum % with any one institution		Managed Funds Maximum % with any one institution		Maximum % of Total Portfolio
Short Term Rating (Standard & Poor’s) or Equivalent	Policy	Current position	Policy	Current position	Policy	Current position
A1+	30%	27.4%	30%	Nil	90%	75.3%
A1	25%	3.1%	30%	Nil	80%	3.1%
A2	20%	18.1%	n/a	Nil	60%	21.6%

Consultation/Advertising:

Nil.

Legal/Policy:

The power to invest is governed by the Local Government Act 1995.

6.14. Power to invest

(1) Money held in the municipal fund or the trust fund of a local government that is not, for the time being, required by the local government for any other purpose may be invested as trust funds under the Trustees Act 1962 Part III.

(2A) A local government is to comply with the regulations when investing money referred to in subsection (1).

(2) Regulations in relation to investments by local governments may —

(a) make provision in respect of the investment of money referred to in subsection (1); and

[(b) deleted]

(c) prescribe circumstances in which a local government is required to invest money held by it; and

(d) provide for the application of investment earnings; and

(e) generally provide for the management of those investments.

Further controls are established through the following provisions in the Local Government (Financial Management) Regulations 1996:

19. Investments, control procedures for

(1) A local government is to establish and document internal control procedures to be followed by employees to ensure control over investments.

(2) The control procedures are to enable the identification of —

(a) the nature and location of all investments; and

(b) the transactions related to each investment.

19C. Investment of money, restrictions on (Act s. 6.14(2)(a))

(1) In this regulation —

authorised institution means —

(a) an authorised deposit‑taking institution as defined in the Banking Act 1959 (Commonwealth) section 5; or

(b) the Western Australian Treasury Corporation established by the Western Australian Treasury Corporation Act 1986;

foreign currency means a currency except the currency of Australia.

(2) When investing money under section 6.14(1), a local government may not do any of the following —

(a) deposit with an institution except an authorised institution;

(b) deposit for a fixed term of more than 3 years;

(c) invest in bonds that are not guaranteed by the Commonwealth Government, or a State or Territory government;

(d) invest in bonds with a term to maturity of more than 3 years;

(e) invest in a foreign currency.

Council has delegated the authority to invest surplus funds to the Chief Executive Officer or his delegate to facilitate prudent and responsible investment.

Risk Management Implications:

Low: Administration has developed effective controls to ensure funds are invested in accordance with the City’s Investment Policy. This report enhances transparency and accountability for the City’s investments.

Strategic Implications:

This is in keeping with the City’s Strategic Community Plan 2018-2028:

Innovative and Accountable

Our resources and assets are planned and managed in an efficient and sustainable manner.

Our community is aware of what we are doing and how we are meeting our goals.

Our community is satisfied with the service we provide.

We are open and accountable to an engaged community.

SUSTAINABILITY IMPLICATIONS:

Nil.

Financial/Budget Implications:

The financial implications of this report are as noted in the details section of the report. Administration is satisfied that appropriate and responsible measures are in place to protect the City’s financial assets.

Council Briefing Agenda 13 August 2019

7.2 Authorisation of Expenditure for the Period 1 July 2019 to 31 July 2019

TRIM Ref: D19/114646

Author: Nikki Hirrill, Accounts Payable Officer

Authoriser: John Corbellini, A/Executive Director Community and Business Services

Attachments: 1. Payments by EFT, BPAY and Payroll July 19 ⇩

2. Payments by Cheque July 19 ⇩

3. Payments by Direct Debit July 19 ⇩

Recommendation:

That Council RECEIVES the list of accounts paid under delegated authority for the period 1 July 2019 to 31 July 2019 as detailed in Attachments 1, 2 and 3 as summarised below:

EFT and BPAY payments, including payroll		$5,393,240.50
Cheques		$38,900.72
Direct debits, including credit cards		$321,296.50

Total payments for July 2019		$5,753,437.72

Purpose of Report:

To present to Council the expenditure and list of accounts paid for the period 1 July 2019 to 31 July 2019.

Background:

Council has delegated to the Chief Executive Officer (Delegation No. 1.14) the power to make payments from the City’s Municipal and Trust funds. In accordance with Regulation 13(1) of the Local Government (Financial Management) Regulations 1996 a list of accounts paid by the Chief Executive Officer is to be provided to Council, where such delegation is made.

The list of accounts paid must be recorded in the minutes of the Council Meeting.

Details:

The Schedule of Accounts paid for the period 1 July 2019 to 31 July 2019, covers the following:

FUND	CHEQUE NUMBERS/ BATCH NUMBER	AMOUNT
Municipal Account (Attachment 1, 2 and 3)
EFT and BPAY Payments	2427 – 2444 (not including 2443)	$4,153,697.02
Payroll by Direct Credit	July 2019	$1,239,543.48
Sub Total		$5,393,240.50

Cheques
Cheques	82526 - 82534	$41,010.72

Cancelled cheques	81761, 81882 and 82511	-$2,110.00
Sub Total		$38,900.72


Direct Debits, including credit cards
Lease Fees		$90,541.72
Loan Repayments		$198,741.21
Bank Charges – CBA		$25,792.01
Credit Cards		$6,221.56
Sub Total		$321,296.50

Total Payments		$5,753.437.72

consulting/advertising:

Not applicable.

Legal/Policy:

Regulation 12(1) and (2) of the Local Government (Financial Management) Regulations 1996 refers, i.e.-

12. Payments from municipal fund or trust fund, restrictions on making

(1) A payment may only be made from the municipal fund or the trust fund —

· if the local government has delegated to the CEO the exercise of its power to make payments from those funds — by the CEO; or

· otherwise, if the payment is authorised in advance by a resolution of Council.

(2) Council must not authorise a payment from those funds until a list prepared under regulation 13(2) containing details of the accounts to be paid has been presented to Council.

Regulation 13(1) and (3) of the Local Government (Financial Management) Regulations 1996 refers, i.e.-

13. Lists of Accounts

(1) If the local government has delegated to the CEO the exercise of its power to make payments from the municipal fund or the trust fund, a list of accounts paid by the CEO is to be prepared each month showing for each account paid since the last such list was prepared -

· the payee’s name;

· the amount of the payment;

· the date of the payment; and

· sufficient information to identify the transaction.

(3) A list prepared under sub regulation (1) is to be —

· presented to Council at the next ordinary meeting of Council after the list is prepared; and

· recorded in the minutes of that meeting.

Risk Management Implications:

Low: Management systems are in place which establish satisfactory controls, supported by the internal and external audit functions. Financial reporting to Council increases transparency and accountability.

Strategic Implications:

This is in keeping with the City’s Strategic Community Plan 2018-2028:

Innovative and Accountable

Our resources and assets are planned and managed in an efficient and sustainable manner.

Our community is aware of what we are doing and how we are meeting our goals.

Our community is satisfied with the service we provide.

We are open and accountable to an engaged community.

SUSTAINABILITY IMPLICATIONS:

Not applicable.

Financial/Budget Implications:

All municipal fund expenditure included in the list of payments is in accordance with Council’s annual budget.

Council Briefing Agenda 13 August 2019

7.3 Financial Statements as at 31 July 2019

TRIM Ref: D19/116809

Author: Nirav Shah, Coordinator Financial Services

Authoriser: John Corbellini, A/Executive Director Community and Business Services

Attachments: 1. Monthly financial statements as at 31 July 2019 ⇩

Recommendation:

That Council RECEIVES the financial statements for the month ended 31 July 2019 as shown in Attachment 1.

Purpose of Report:

To present the statement of financial activity for the period ended 31 July 2019.

Background:

Regulation 34 (1) of the Local Government (Financial Management) Regulations 1996 requires a local government to prepare each month a statement of financial activity including the sources and applications of funds, as compared to the budget.

Please note there are a number of year end transactions and adjustments that need to be completed before the year end accounts are finalised and audited, hence, the balances provided in this report are provisional and subject to change.

Details:

The following documents, included as Attachment 1, comprise the statement of financial activity for the period ending 31 July 2019:

Note	Description	Page

1.	Statement of Financial Activity by Program Report and Graph	1-3
2.	Statement of Comprehensive Income by Nature or Type Report	4
3.	Net Current Funding Position	5
4.	Summary of Income and Expenditure by Service Areas	6-61
5.	Capital Expenditure and Funding and Capital Works Schedule	62-67
6.	Cash Backed Reserves	68
7.	Rating Information and Graph	69-70
8.	Debtors Report	71-72
9.	Beatty Park Leisure Centre Financial Position	73

Comments on the Statement of Financial Activity (as at Attachment 1):

Operating revenue is reported separately by ‘Program’ and ‘Nature or Type’ respectively. The significant difference between the two reports is that operating revenue by ‘Program’ includes ‘Profit on sale of assets’ and the report for ‘Nature or Type’ includes ‘Rates revenue’.

Revenue by Program is tracking higher than the year to date budgeted revenue by $248,219 (12%). The following items materially contributed to this position: -

· Recognition of monies transferred from trust to reserve for contributions relating to Percent for Art, $260,240 (Community Amenities).

Revenue by Nature or Type is tracking higher than the budgeted revenue by $243,911 (0.7%). The following items materially contributed to this position: -

· ‘Operating grants, subsidies and contributions’ reflects a budget to actual surplus of $243,236 that is materially contributed from the receipt of monies from percentage of art contributions ($260,240).

Expenditure by Program reflects an under-spend of $1,885,619 (42.7%) compared to the year to date budget. The following items materially contributed to this position: -

· Reversal accrual of $240,000 relating to works completed in the last financial year on the Integrated Transport plan project has contributed to a favourable variance in this month (Community Amenities).

· The remainder is due to timing variances of works and reversal of accrual amounts relating to expenditure for works completed in the last financial year.

Expenditure by Nature or Type reflects an under-spend of $1,885,621 (42.7%) compared to the year to date budget. The following items materially contributed to this position: -

· Materials and contracts reflects an under-spend of $834,031. This favourable variance is largely contributed by timing variances of works and reversal of accrual amounts relating to expenditure for works completed in the last financial year.

· ‘Other expenditure’ reflects an under-spend of $768,149. This favourable variance is largely contributed by timing variances of works and reversal of accrual amounts relating to expenditure for works completed in the last financial year.

Opening Surplus Bought Forward – 2019/20

The provisional surplus position brought forward to 2019/20 is $7,857,741 compared to the adopted budget surplus amount of $5,929,991. The actual opening surplus figure will be adjusted once the end of year audit has been finalised.

Content of Statement of Financial Activity

An explanation of each report in the Statement of Financial Activity (Attachment 1), along with some commentary, is below:

1. Statement of Financial Activity by Program Report (Note 1 Page 1)

This statement of financial activity shows operating revenue and expenditure classified by Program.

2. Statement of Comprehensive Income by Nature or Type Report (Note 2 Page 4)

This statement of financial activity shows operating revenue and expenditure classified by Nature or Type.

3. Net Current Funding Position (Note 3 Page 5)

‘Net current assets’ is the difference between the current assets and current liabilities; less committed assets and restricted assets.

4. Summary of Income and Expenditure by Service Areas (Note 4 Page 6 – 61)

This statement shows a summary of operating revenue and expenditure by service unit including variance commentary.

5. Capital Expenditure and Funding Summary (Note 5 Page 62 - 67)

The full capital works program is listed in detail in Note 5 of Attachment 1.

6. Cash Backed Reserves (Note 6 Page 68)

The cash backed reserves schedule provides a detailed summary of the movements in the reserves portfolio, including transfers to and from the reserve. The balance as at 31 July 2019 is $12,910,913.

7. Rating Information (Note 7 Page 69 – 70)

The notices for rates and charges levied for 2019/20 were issued on 19 July 2019.

The Local Government Act 1995 provides for ratepayers to pay rates by four instalments. The due dates for each instalment are:

First Instalment	26 August 2019
Second Instalment	29 October 2019
Third Instalment	07 January 2020
Fourth Instalment	10 March 2020

Total rates collected, as at 31 July 2019 is $4,420,195. Furthermore, the outstanding rates debtors balance as at 31 July 2019 is $38,379,838 including deferred rates ($116,936).

8. Receivables (Note 8 Page 71 - 72)

Trade receivables outstanding as at 31 July 2019 is $2,106,164 of which $2,072,037 has been outstanding for over 90 days.

Administration has been regularly following up all outstanding items by issuing reminders when they are overdue and subsequently initiating a formal debt collection process when payments remain outstanding for long periods of time.

Below is a summary of the significant items that have been outstanding for over 90 days:

· $1,489,276 (71.9%) relates to unpaid infringements (plus costs) over 90 days. Infringements that remain unpaid for more than two months are sent to the Fines Enforcement Registry (FER), which then collects the outstanding balance on behalf of the City for a fee.

Due to the aged nature of some of the unpaid infringements, the provision for doubtful debts has been increased this year and an amount of $1,066,403 has been transferred to long term infringement debtors (non-current portion).

Please note this provisional amount is subject to change as Administration ascertains the realistic probability of recovering the long outstanding monies owed to the City. This exercise is in accordance to the requirements outlined in Australian Accounting Standards Board 9 Financial instruments.

· $200,766 (9.7%) relates to cash in lieu of car parking debtors. In accordance with the City’s Policy 7.7.1 Non-residential parking, Administration has entered into special payment arrangements with long outstanding cash in lieu parking debtors to enable them to pay over a fixed term of five years.

9. Beatty Park Leisure Centre – Financial Position report (Note 9 Page 73)

As at 31 July 2019, the operating surplus for the centre is $171,987 compared to the year to date budgeted deficit amount of $70,387.

10. Explanation of Material Variances (Note 4 Page 6 – 61)

The materiality thresholds used for reporting variances are 10% and/or $20,000 respectively. This means that variances will be analysed and separately reported when they are more than 10% (+/-) of the year to date budget or where that variance exceeds $20,000 (+/-). This threshold was adopted by Council as part of the budget adoption for 2019/20 and is used in the preparation of the statements of financial activity when highlighting material variance in accordance with Financial Management Regulation 34(1) (d).

In accordance to the above, all material variances as at 31 July 2019 have been detailed in the variance comments report in Attachment 1.

Consultation/Advertising:

Not applicable.

Legal/Policy:

Section 6.4 of the Local Government Act 1995 requires a local government to prepare an annual financial report for the preceding year and other financial reports as prescribed.

Regulation 34 (1) of the Local Government (Financial Management) Regulations 1996 requires the local government to prepare a statement of financial activity each month, reporting on the source and application of funds as set out in the adopted annual budget.

A statement of financial activity and any accompanying documents are to be presented at an Ordinary Meeting of the Council within two months after the end of the month to which the statement relates.

Section 6.8 of the Local Government Act 1995, specifies that a local government is not to incur expenditure from its Municipal Fund for an additional purpose except where the expenditure is authorised in advance by an absolute majority decision of Council.

Risk Management Implications:

Low: Provision of monthly financial reports to Council fulfils relevant statutory requirements and is consistent with good financial governance.

Strategic Implications:

Reporting on the City’s financial position is aligned with the City’s Strategic Community Plan 2018-2028:

Innovative and Accountable

Our resources and assets are planned and managed in an efficient and sustainable manner.

Our community is aware of what we are doing and how we are meeting our goals.

Our community is satisfied with the service we provide.

We are open and accountable to an engaged community.

SUSTAINABILITY IMPLICATIONS:

Not applicable.

Financial/Budget Implications:

Not applicable.

Council Briefing Agenda 13 August 2019

8 Chief Executive Officer

8.3 Annual Corporate Business Plan Review and Update

TRIM Ref: D19/111818

Author: John Paton, Executive Manager - Office of the CEO

Authoriser: David MacLennan, Chief Executive Officer

Attachments: 1. Corporate Business Plan Update Summary 2018/19-2021/22 ⇩

2. Modified City of Vincent Corporate Business Plan 2018/19-2021/22 WILL BE PROVIDED IN THE COUNCIL AGENDA ⇩

Recommendation:

That Council:

1. NOTES the annual review of the City of Vincent Corporate Business Plan 2018/19-2021/22 as detailed in Attachment 1; and

2. ADOPTS BY ABSOLUTE MAJORITY the modified City of Vincent Corporate Business Plan 2018/19-2021/22 as detailed in Attachment 2 and NOTES that final editorial, design and formatting of the document will be determined by the Chief Executive Officer.

Purpose of Report:

To consider the annual review of the Corporate Business Plan 2018/19 – 2021/22 and associated update.

Background:

The preparation of a Corporate Business Plan (CBP) is a statutory requirement for local governments under the Local Government (Administration) Regulations 1996, which prescribes that the CBP is to cover a period of at least four years and is to be reviewed every year. The CBP is a key element of the Integrated Planning and Reporting Framework (IPRF) with guidelines published by the Department of Local Government Sport and Cultural Industries to provide further guidance on the individual components of the IPRF.

Council at its Ordinary Meeting of 10 September 2013 adopted the amended City of Vincent Strategic Community Plan 2013 – 2023 and Corporate Business Plan 2013 – 2017. These two strategic documents were presented together, attempting to achieve two things – be Council’s strategic direction, and to guide Administration’s program delivery. It was subsequently recognised that the content of the combined Plans from 2013 were, over time, having diminishing relevance, and hence in 2016 and again in 2017, Council adopted a set of annual strategic priorities to provide the relevant guidance needed until the Strategic Community Plan (SCP) could be fully reviewed.

In the latter half of 2017, the City launched the Imagine Vincent SCP engagement initiative, which gathered vital community feedback to inform preparation of the City’s new SCP. Six very clear community priorities emerged from the feedback received through Imagine Vincent. At its Ordinary Council Meeting on 6 March 2018, Council endorsed these six priorities as the basis for inviting community budget submissions for 2018/19 and formed the basis for reviewing the City’s CBP.

Council adopted the Corporate Business Plan 2018/19 – 2021/22 on 26 June 2018 and subsequently adopted the Strategic Community Plan 2018 – 2028 on 16 October 2018, which embedded the previously endorsed six priorities, being Enhanced Environment, Accessible City, Connected Community, Thriving Places, Sensitive Design and Innovative & Accountable.

Details:

The current CBP and its earlier iterations focused primarily on a range of actions and projects that were scheduled to be delivered over the period of the plan, however it does not provide details in respect to the routine services of the City. The IPRF guidelines provide the following guidance in respect to the content of the CBP:

· The CBP is the Council’s 4-year planning document. It gives effect to the first four years of the Strategic Community Plan and is pivotal in ensuring that the medium term commitments are both strategically aligned and affordable.

· The Plan also shows where functional responsibilities sit for external and corporate services.

· The core of the document is the plan for the delivery of services, linked to strategic direction, over the four-year period. This should clearly show the service levels to be provided and any changes from current service levels. It should also identify major projects.

Over the past 6 months, substantial work has been undertaken across the organisation to document the range of services being provided, the relevant maturity level of each service area and associated business plan for the next 3+ years. In view of this, in addition to reviewing the current CBP, it is proposed to update the format and content to focus on the services and alignment of those services to the strategic priorities, whilst also highlighting key projects to be delivered over the life of the CBP. It is proposed that the term of the CBP will remain to 2021/22 pending the first (minor) review of the SCP scheduled for later this financial year, which will also coincide with a review of the City’s Asset Management Plan and Long Term Financial Plan.

Whilst a substantial format change to the CBP is proposed, step 1 is a review of the existing adopted actions list and update according to current progress and budget considerations. For consistency in the review, values in forward years have been included and either reflect what is in the current CBP or updated from budget workshop documentation where there were variances (see Attachment 1). In addition, the following modifications are proposed:

CBP Item		Modification	Comment
1.2	Minimise Single Use Plastics	Remove	Small-scale operational activity
	Three Bin FOGO Collection System	Add	New Council initiative
2.10	Charging Point at Banks reserve	Remove	Included in boardwalk/plaza detailed design
3.1	Prepare a Community Partnership Strategy	Remove	Will be addressed through Place Plans
3.3	Prepare a Town Centre Branding/Marketing Plan	Remove	Resources are being applied towards activation
	Prepare Robertson Park Development Plan	Add	New initiative
	Prepare Sydney/Haynes St development plan	Add	New initiative
4.7	Jack Marks Reserve Playground Upgrade	Remove	Included in 4.9 Parks Upgrade /Renewal Program (20/21)
	Youth & Youth Facilities Plan	Add	New Initiative
6.6	Beatty Park Structural and Condition Upgrade	Remove	Business case to be prepared as outcome of CBP 6.5 Beatty Park Options Project.
6.9	Implement Improvement Plan	Remove	Project is operational and focus has transferred to the implementation of the Risk Management Framework.

Following the review, the updated actions have been translated into the Key Deliverables section of the respective Service pages which form the core of the updated and modified CBP. A draft of the modified format will be provided in the Council Meeting agenda.

Consultation/Advertising:

There is no requirement for the adoption of a CBP or modifications to a CBP to be advertised, however the modified CBP will be promoted through the City’s website and other online applications.

Legal/Policy:

The development of the Corporate Business Plan covering a period of at least 4 financial years is a requirement of Regulations 19DA(1) and 19DA(2) of the Local Government (Administration) Regulations 1996. Regulation 19DA(3) in turn requires a Corporate Business Plan to:

a) Set out, consistently with any relevant priorities set out in the strategic community plan for the district, a local government’s priorities for dealing with the objectives and aspirations of the community in the district;

b) Govern a local government’s internal business planning by expressing a local government’s priorities by reference to operations that are within the capacity of the local government’s resources; and

c) Develop and integrate matters relating to resources, including asset management, workforce planning and long-term financial planning.

Risk Management Implications:

Low: The Corporate Business Plan 2018/19 – 2021/22 reflects existing and new projects and initiatives and aligns with the six community priorities which emerged from the feedback received through the Imagine Vincent SCP engagement process, through which the new SCP is being developed. Corporate business planning helps to manage risk to the City of Vincent by ensuring that formally articulated commitments reflect the Council’s strategic direction and are sufficiently matched to the City’s resourcing capability to successfully deliver projects and services.

Strategic Implications:

Whilst the CBP addresses all priorities in the City’s Strategic Community Plan 2018-2028, specifically, this amendment addresses the following SCP priority:

Innovative and Accountable

Our community is aware of what we are doing and how we are meeting our goals.

Financial/Budget Implications:

The 2019/20 CBP priorities have been reflected in the Annual Budget for 2019/20.