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Friday
Jun212019

Annual Plan For Approval 25 June Meeting

The scheduled TCDC  meeting for 25 June has been designated "Special" for the purpose of passing the Annual Plan that has been developed over the last few months, and which must be adopted by 1 July. .

The $8.8m  increase in capital expenditure that accounts for the major part of the .81% increase in average rates over and above the 4.13% already embedded in the LTP. This is clearly designed to avoid the 1% limit that would trigger the consultation process - the last thing they need in the fraught atmosphere surrounding climate change.

The increase arises from the following manner:

New projects above $300,000:

Thames refuse transfer station second weighbridge - $398,000

Hot Water Beach Bull Paddock and Domain car park sealing – combined $325,000 Roading Preventative Maintenance - $400,000

Rubbish compactors - $550,000

Deferred projects:

Rhodes Park grandstand – deferred out of 2019/20 to consider alignment with southern airfield recreational development

Onemana public toilets – deferred from 2018/19 to 2019/20, received TIF funding Whitianga Transfer station construction - deferred from 2018/19 to 2019/20

Increased expenditure:

Footpath construction budgets for Thames, Coromandel-Colville, Public convenience renewals budget for Coromandel-Colville Hahei Lees Road seal extension

Whitianga Sportsground

Hahei Village car park extension

Whangapoua Beachfront public convenience effluent upgrade – received TIF funding

Hot Water Beach Domain Road and central reserve public convenience replacement – received TIF funding and have been brought forward from later years

Pauanui Royal Billy Point boat ramp renewal and upgrade Wentworth Valley Road seal extension

Roading drainage control Roading maintenance chip seal

Decreased expenditure:

Roading Thin AC surfacing'

(Note that councils are now severely restrained in regard to their ability to introduce new items of expenditure over and above the Long Term Plan on which consultation has already taken place.)

By the way - save a few dollars if you are able by purchasing rubbish bags before 1 July - they will go up by 30 cents from that date

Note also the following rate instalment dates for 2019/20:

a)instalment one15 October 2019

b)instalment two17 February 2020

c)instalment three15 May 2020

This table contains the full summary of what is proposed:

Measure 

Annual Plan 2019/20 

Long Term Plan 

2015–25 for 2019/20 

Total revenue

$98.1 million

$95.9 million

Rates revenue

$68.9 million

$69 million

Operating expenditure

$88.2 million

$87.8 million

Capital Expenditure

$43.1 million

$34.3 million

Average rates increase after growth

4.94%

4.13%

Forecast year-end borrowings

$51 million

55.8 million

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