Annual Report - CKB...come to fruition and we are now well on our way to achieving a usable space that will link the education precinct to the CBD as an open community space, whilst

Annual Report2014 - 2015

Annual Report 2014–2015

City of Kalgoorlie-Boulder Vision Statement 1

Mayor & Councillors 2

Mayor’s Report 3

Executive Services Report 8

Community Services Report 12

Development Services Report 18

Engineering Report 24

Corporate Services Report 28

National Competition Act Compliance 34

Status Report 36

Financial Report 56

1

Vision StatementThe City of Kalgoorlie-Boulder has a vision to be a sustainable regional city of the future.

Underpinned by the following:

• we will be a clean and green city

• people will call Kalgoorlie-Boulder home

• there will be adequate facilities and services for everyone

• we will encourage and support economic development and diversification

• we will be a quality employer

• we will project a positive image at all times, demonstrating that we are a sustainable regional city of

the future, with a ‘can do’ approach

2

Mayor and CouncillorsCity of Kalgoorlie-Boulder Elected Members 2014/15


3Annual Report 2014–2015

(Left to right)

Mayor Ron Yuryevich, AM RFD, Deputy Mayor Allan Pendal, Cr Deborah Botica, Cr Lisa Malicky, Cr Beth Richardson,

Cr Laurie Ayers, Cr Amanda Cruse, Cr Wayne Johnson, Cr Mandy Reidy, Cr Mick McKay, Cr Kyran O’Donnell,

Cr Gary Brown, Cr Suzie Williams

4

Message from the MayorI am pleased to present the 2014/15 City of Kalgoorlie-Boulder Annual Report. The past financial year has once again been a successful year for the City with the completion of some major projects, and the implementation of new initiatives to ensure Council is performing up to the standards required by our community.


5

The Burt Street Façade Upgrade project was

completed and the new streetscape officially

opened on the 21 June 2015 with a civic

function held at the Boulder Town Hall. I am

very proud of this project and the benefit to the

businesses in Burt Street has been magnificent

with an increase in tourism numbers and visitors.

The street looks amazing.

The relocation of the Goldfields War Museum to

the old Library rooms at the Boulder Town Hall

is underway. This $1.6m project will see items

on display in a state of the art format and will be

completed in 2016.

The final interpretation plan for the Lord Forrest

Olympic Pool redevelopment was approved and

works will be commencing in the forthcoming

year. This project has taken many years to

come to fruition and we are now well on our

way to achieving a usable space that will link

the education precinct to the CBD as an open

community space, whilst retaining the history

of what was a much loved venue in Kalgoorlie-

Boulder.

Work on the Ray Finlayson Sporting Complex

is progressing at a rapid rate with the expected

completion in time for the 2016 summer sports

season. This facility will be a hallmark sporting

precinct and will enable our City to host national

events.

For the first time, the Council undertook a

Community Perception Survey to survey a

random and broad selection of residents to

get their feedback on the way the City and

Council operate. Whilst the City regularly seeks

community feedback and input on our projects,

activities and events, this was the first time we

have conducted a survey to gauge the way

the community looks at our local government

as a whole. The Survey provided the Council

with information to better understand and

monitor how local residents regard local

services, facilities and developments and

evaluate feedback against key performance

indicators highlighted in the Community

Strategic Plan. It also focussed on other key

areas including leadership, society, economy and

the environment. The survey was sent to 4000

households and we received 469 completed

surveys. Overall, 83% of people surveyed were

satisfied with Kalgoorlie-Boulder, and 68% of

people were satisfied with the City of Kalgoorlie-

Boulder as a governing organisation.

Antisocial behaviour was listed as a high priority

in the survey results, and in response the

Council formed a Community Safety Crime

Prevention Reference Group, working with

WA Police and community organisations such

as Neighbourhood Watch and the KBCCI to

implement strategies to address issues pertaining

to antisocial behaviour. The group will continue

to work within the community to ensure that

Kalgoorlie-Boulder is a safe place to live work

and play.

I am very proud of the awards the City

received this year. One in particular was the

2015 Western Australian State Heritage Award

for Outstanding Heritage Practices. The

award recognises a local government that

demonstrates a whole of agency approach to

the commitment and promotion of cultural

heritage and/or heritage related work, services

or programs in Western Australia’, and highlights

the proactive approach that all areas of the City

take to heritage. The City of Kalgoorlie-Boulder

administers a comprehensive program of

heritage initiatives including policies, grants and

incentives to assist owners in the conservation of

the city’s heritage. The city’s History and Heritage

Unit maintains an extensive archive of local and

family history records as well as the Goldfields

War Museum collection.

Ron Yuryevich, AM RFD

Mayor, City of Kalgoorlie-Boulder

6 City of Kalgoorlie-Boulder

Another initiative implemented by Council

was extended trading in the City; 7am to 7pm

weekdays and 7am to 6pm on Saturdays. The

community was clear in their message to the

Council that they wanted more flexibility and we

responded.

The City Events Calendar is always exciting

and this last year was no exception. KidsFest is

always a fantastic event that is highly anticipated,

as well as the annual Lighting of the Christmas

Tree a personal favourite of mine. This event

grows in popularity each year and City staff are

always working to improve on the previous year’s

events so the residents of Kalgoorlie-Boulder

have a variety of events each year. It is important

to Council to ensure that families within the City

do not miss out on quality shows, performers

etc just because we are 600km from the state’s

capital.

The Goldfields Arts Centre underwent

renovations which included new disabled toilets

and ramps, carpeting in the foyer and upgrading

of signage to list a few. The Country Arts, ‘Arts

and Edges Summit’ was held at the GAC in

October with over 500 delegates travelling to

Kalgoorlie-Boulder for the summit, hailing it an

outstanding success.

I would like to thank all of the City staff, for their

hard work over the last 12 months.

I would also like to thank my fellow elected

members for their tireless contributions to the

City.

Ron Yuryevich, AM RFD Mayor, City of Kalgoorlie-Boulder


Chief Executive OfficerThe Annual Report covers the operations of the City for the 12 month period 1 July 2014 to 30 June 2015.

Each section within the City has provided a

snapshot of its operations for this period. The

City of Kalgoorlie-Boulder is the most diverse

Local Government in WA in the type of services it

provides and delivers to its community. It is also

one of the largest, with a total annual budget of

around $90million and capital works totalling

$42 million.

As can be seen in this report, the City completed

the Burt Street Façade Upgrade to revitalise

Burt Street Boulder and there are several other

large projects well underway which will further

enhance the City’s family friendly status. The

City’s great built facilities are matched by the

services we provide and the community events

that the City puts on. As a Local Government we

hope we more than just provide for the basic

needs of the community and do actually achieve

a higher standard.

Don Burnett CEO, City of Kalgoorlie-Boulder

Don Burnett

CEO, City of Kalgoorlie-Boulder

8

Executive Services Directorate

Organisational Development

and Governance


9

Human Resources

During 2014/2015, the City maintained a

workforce of approximately 279 staff. The

workforce was comprised of 242 permanent full

and part time employees and 37 on fixed term

contracts. The City also employed 157 casuals,

119 of whom work at the Oasis Recreational

Centre.

For the year ending 30 June 2015, there were 53

resignations with a turnover rate of 20.1%. The

City also engaged a small number of project

workers to facilitate new initiatives and projects.

Learning and Development

During 2014/15 City staff attended training

courses, seminars and conferences on a

variety of topics including Mental Health

Training, First Aid, Leading & Managing

Teams, Time Management, Manual Tasks,

Customer Excellence, Cultural Awareness and

Personality Dimensions. The City employed 11

Trainees, and 4 Apprentices; during the year

completing qualifications in finance, IT, business,

horticulture, record keeping, fitness, regulatory

services, events and community services. Two

trainees were successful in gaining full time

employment in the positions of Finance Officer

and Compliance and Regulatory Support Officer

with the City.

Occupational Health and Safety

The City’s Occupational Health and Safety

Management System (OHSMS) provides an

overview and strengthens the commitment of

management to the continual improvement of

health and safety systems and objectives for the

organisation.

Underpinning procedures of the OHSMS are

under regular review to ensure continuing

compliance with legislation and standards, and

relevance to operational requirements.

City operations resulted in a total of 89 incidents

being reported during the 2014-2015 year, 26 of

which were injuries requiring medical treatment.

Of these 26, 14 were Lost Time Injuries (LTI), with

one being reportable to Worksafe.

The City’s Lost Time Injury Frequency Rate

(LTIFR) for this period was 10.8%, up from 10%

for the previous financial year. For this same

period there was an 8.6% increase in Full Time

Equivalent (FTE) numbers.

Improved Injury Management processes

continue to constrain LTI Days Lost and Duration

statistics to very low levels when compared to

equivalent Local Governments.

A number of Health initiatives, including flu

vaccinations and skin screening, were offered

to staff to support the City’s commitment to the

health and wellbeing of its workforce.

Customer Service

Customer Service continues to improve across

the City directorates. While some customers

choose to visit the Administration Building

with their enquiries or service requests, many

customers choose to write, phone or email.

Increasing numbers of customers are using the

web based ‘Customer Enquiry Form’ and the

Smartphone App, ‘Snap - Send - Solve’ which has

also grown in popularity. Customers with speech

or hearing difficulties may contact the City using

the National Relay Service. The City may use

the Translating and Interpretation Services of

the Department of Immigration for customers

experiencing language barriers. A Customer

Service Charter was developed and distributed

to acknowledge the City’s commitment to

providing the community with a quality service

that is professional, efficient and effective.

All new recruits are advised of our customer

service ethos and expectations and this is

supported through the Customer Service

Standards Guidebook and the Customer Service

Policy. Staff dealing with customers on a regular

basis received customer service training in July

and November.

Complaints and feedback help the City to

enhance the services we provide to the

community. Customer complaints are registered,

resolved and summarised in a quarterly report

to the Executive Group. A Mystery Shopper

program has been implemented to evaluate

the customer experience and provide the City’s

Executive Group with valuable feedback.

Community engagement is critical for the

Organisational Development and Governance


successful development and implementation

of acceptable policies and decisions and for

improving services by being responsive to the

needs of the community. During 2014/2015

the City developed a Community Engagement

Policy to highlight the City’s commitment to

supporting ongoing and interactive relationships

between the City and the community. The

Policy recognises the need to ensure that

the community is informed about local and

regional issues and how they can contribute

ideas and help identify solutions. Guidelines

were developed to assist staff with engagement

between the City and the community. The City is

committed to maintaining a culture that respects

each individual’s rights to privacy. The Customer


Privacy Policy sets out the principles of the

City in relation to its management of personal

information.

The City completed its first Community

Perceptions Survey in 2014, which provided

valuable information on where the City

performs well and also areas that need further

development. An action plan was developed to

address those areas that needed improvement.

Council resolved to conduct a Perceptions

Survey in 2015 and then every two years

thereafter.

12

Community Services Directorate

Community Services

Community Development

Goldfields Oasis Recreation Centre


13

History and Heritage Unit

The History and Heritage Unit is made up of the

City Archives and the Goldfields War Museum.

The current location is the Kalgoorlie Town

Hall. The Unit has enjoyed an eventful year with

facilities being utilised by 5, 738 state, inter-state

and international visitors.

The year has seen the History and Heritage Unit

along with the City’s Statutory Planning being

acknowledged for their contribution towards

promoting and managing the City’s cultural

heritage when the City was presented with a

State Heritage award for Heritage Practices.

The redevelopment of the Goldfields War

Museum is progressing well, with its completion

date and opening within its new home at the

Boulder Town Hall being highly anticipated.

The Unit also received the Tripadvisor award

of “Excellence” for tours of the Boulder and

Kalgoorlie Town Halls.

The Unit also participated in events such as

Australian Heritage Week, Australian Heritage

Festival and Race Round, offering free heritage

tours of Kalgoorlie and Boulder Town Halls as

well as historic Hannan and Burt Streets, which

were enjoyed by 200 visitors.

Goldfields War Museum

The Goldfields War Museum was successful in

obtaining a grant from Veterans’ Affairs which

enabled the Unit to research, design and install

an exhibition called: “From the Goldfields to

War - the first WWI Volunteers“. This exhibition

opened at the Boulder Town Hall and was

enjoyed by 820 visitors in the 5 weeks it was

housed there. The exhibition was then relocated

to the Goldfields Arts Centre for 6 weeks. Plans

are currently underway for the exhibition to be

installed at Kalgoorlie Primary School.

City Archives

The City Archives plays an important role

by documenting, preserving and making

information available significant Council

documentation for research. The City Archive

Community Services


is not only responsible for maintaining the City’s

Archive collection but also to manage the City’s

intriguing art and memorabilia collections. The

Archives are a great source of information, with

460 enquiries being successfully handled this

past year. Archive staff have been involved

in significant research projects such as the

restoration of the historic buildings in Burt Street

and the interpretation panels thereof.

Town Halls

The Kalgoorlie and Boulder Town Halls are an

ever popular tourist attraction with 1,002 general

visitors taking advantage of the free weekly tours

and 1,425 school children from 9 different schools

visiting during the year.

Eastern Goldfields Community Centre (EGCC)

The EGCC continues to deliver Home and

Community Care (HACC) Services to eligible

Clients, assisting them to live independently in

their own homes in the community, thereby

preventing premature admission to residential

care. All services continue to be planned and

implemented in accordance with the HACC

Wellness Approach. This approach asserts that

people who are frail or have a disability have

the capacity to live at an optimal level in the

community, independently, when positively

supported to do so.

The HACC program continues to be funded by the

Commonwealth and Western Australian (WA) State

Governments and the City of Kalgoorlie-Boulder

to provide services within the City’s parameters to

those who are assessed as eligible by the Regional

Assessment Service (RAS).

The EGCC underwent a staff restructure in June

2014 and a thorough review of practices and

procedures in readiness for the triennial Quality

Audit Review by Community West in October

2014.

This review was completed in April 2015 with

a continuation of the Planning and Review

process to measure service delivery against the

Community Common Care Standards (CCCS).

EGCC events for HACC Clients and Seniors

The EGCC hosted many events enjoyed by all

who attended them over the past year. These

included:

• Senior’s Week – a grant from the Council

Of The Aging (COTA) ensured new fun

and engaging sports equipment could be

purchased for the “CommonHealth Games”

• Footy Lunch – this was a combined function

with Alzheimer’s Australia to celebrate the end

of the football season

• Melbourne Cup Luncheon

• EGCC Senior’s Christmas Luncheon

• Valentine’s Day Luncheon

• St Patrick’s Day Luncheon – Entertainment

provided by Sharon Greatorex

• Mother’s Day Luncheon – Entertainment

provided by Ken Dwyer

• Cancer Council Morning Tea – where $515.00

was raised

• WA Disabled Sports Association (WADSA) Activity

Day for centre based day centre clients.

Meals on Wheels

Volunteers continue to play a major role in the

delivery of Meals on Wheels to eligible clients.

Meals on Wheels volunteers were nominated for

and received the Kalgoorlie-Boulder Volunteer

Centre Group Volunteer Award for 2014. Teresa

Fox received the Kalgoorlie-Boulder Volunteer

Centre Individual Volunteer Award for 2014. A

total of 6,658 meals were produced and delivered

over the last year. Food Safety Audits were held in

September 2014 and March 2015 and achieved a

High Performance pass grade.

Carers Support Group

Carers Support Group meetings are held on a

monthly basis to provide support to those in a

Carer role. Respite is offered to those in attendees

care to ensure the Carer is able to attend. Guest

speakers have included the Regional Assessment

Team and Commonwealth Respite and Care

Centre.


Disability Access and Inclusion Progress (DAIP) Report

The City’s Annual Report was submitted to Home

and Community Care WA and the Disability

Services Commission in July 2015. Actions of note

include:

• Re-establishment of the CKB DAIP Committee

• Participation in the Goldfields Inclusion Group

• All new or developed public building

construction works were compliant with the

National Construction Code

• The Companion Card Program has been joined

• Training to facilitate implementation of DAIP

Outcome 7

C.Y. O’Connor Men’s Shed

The C.Y. O’Connor Men’s Shed has grown despite

the many members leaving town due to the

down-turn in the local economy. The Men’s Shed

membership has remained relatively stable with

an increase of 5 members from last year; now

132 members. The C.Y. O’Connor Men’s Shed has

the third largest membership in WA. The Shed

is well utilised with active individual members

and group memberships. The Shed continues to

provide a venue for programs and activities for a

variety of not for profit groups within Kalgoorlie-

Boulder. The C.Y. O’Connor Men’s Shed has been

recognised by the Western Australian Men’s Shed

Association (WAMSA) as one of the most active

sheds in WA, for its involvement with groups and

local organisations providing services and support

programs.

Projects undertaken by Shedders have included

the making of a Doll’s House for the Oasis Creche

and Bird Nesting Boxes for Hammond Park.

Play toys, cabinets and repairs on equipment

have been undertaken on behalf of the City’s

play groups and organisations within the local

area. Various other projects for not for profit

organisations include the Toy Box for the Old

Bastards Charity group to be donated to a local

disabled boy.

Men’s health programs in the shed have included

One Pot Cooking Classes, a visit from the hearing

test van and cancer awareness presentations.

William Grundt Memorial Library

The William Grundt Memorial Library continues to

promote literature in various formats to provide

community education and leisure opportunities.

The Library has maintained a high profile attracting

72,834 visitors in 2014/15 which is roughly 3%

increase on last year.

This year saw our Library Management software

migrate to a cloud based system called WorldShare.

WorldShare software has allowed library members

access to a worldwide catalogue, though the library

is unable to facilitate interlibrary loan’s with libraries

outside of WA. When travelling or researching

material it provides alternatives for members

wishing to locate and access these items. It also

enables the library to provide direct access to full

text articles via the EBSCO database, as part of

the knowledge base within the catalogue itself.

The Library’s downloadable audio books are now

included in the catalogue for members to access.

This year also saw the library’s first Self-service

Checkout Kiosk installed in May 2015. This enables

members to issue their books and view what they

currently have on loan at the same time. Members

can also renew their books via the kiosk. Library

staff have noticed however that their members still

prefer the personal service at the front desk.

With the migration to WorldShare, library

membership records have been reconciled,

resulting in members that have not used the library

in more than 2 years being deleted. This is to assist

staff in keeping accurate records moving forward.

Library membership is currently at 9,782 members.

The popularity of the Flexible Learning Room that

provides computer use indicates there continues

to be a high demand for this service in Kalgoorlie-

Boulder.

The Library has hosted some great exhibits and

authors this year, including a travelling exhibition

from The Royal Australian Chemical Institute

sponsored by the Department of Innovation,

Industry, Science and Research titled “Health

Chemistry”. Norman Jorgensen was our guest

Author for Children’s Book Week in August 2014;

Bestselling Author Rachel Treasure in October

2014 which was a combined event with Collins

Booksellers and finished off the year with a visit

from the award winning Author Jackie French, the

current Australian Children’s Laureate.


Community Events

The annual calendar of community events

saw an increase in attendance at all events

throughout the year. The Lighting of the

Christmas Tree was well received by the

community who were provided the opportunity

to hear performances by The Brownley Gospel

Choir, Tiahn Dillon, and for the little ones, The

Lu Lu’s. The Sunset at the Soundshell Concert

Series saw a great turnout to sing and dance

along to Viva Coldplay, Abbasolutely, 100%

Michael Jackson and the talented and creative

All Star Bowie Tribute and Jumping Jack Flash.

This year’s Multicultural Festival was the most

successful with record attendance of both

community groups and community members

wishing to experience a diverse range of cultural

foods, activities and entertainment. Other

annual events that continue to be successful

are the ArtPrize, Pet’s Day Out, Outdoor Cinema

Nights and the Australia Day Big Breakfast.

Youth

Across the year several successful and exciting

events were held for the young people of

Kalgoorlie-Boulder. Youthfest, held in National

Youth Week, saw an attendance of just under

1000 young people enjoy the entertainment

provided by local community artists, sporting

groups and other talent genres. Headline act

Marlissa was a big hit with the young people with

many excited at the opportunity to meet her

after the event. The skate park continues to host

several skate workshops and events throughout

the year with a large Skate, Scooter and BMX

competition drawing in a large crowd from all

over the Goldfields region.

Sport

The Sports Coordinator continues to coordinate

the Kidsport program that is funded through

the Department of Sport and Recreation. This

program provides financial support to the

community and an opportunity for young people

aged 5-18 years to participate in structured sport

and recreation activities. This role also sees the

Coordinator organise and conduct a variety

of workshops and development programs to

increase the capacity of the local sporting clubs

in the region. One such program is the Regional

Talent Development Program, a partnership

between the City and the Department of Sport

and Recreation which now, in its third year,

aims to increase the skills and knowledge of

coaches and talented junior athletes in the

Goldfields by providing access to professional

development, mentoring, high performance

training and educational workshops facilitated by

State Sporting Associations (SSA) and high profile

industry leaders.

The Goldfields Arts Centre

The Country Arts, Arts and Edges Summit, saw

a focus on the Goldfields Arts Centre and arts

in general for not only Kalgoorlie Boulder, but

the Goldfields Esperance Region. Staff worked

tirelessly to host a seamless event that saw over

550 delegates treated to some amazing shows,

workshops and talks The year has seen some

major renovations completed at the Goldfields

Arts Centre and a few more planned between

now and the end of the year. They have

included two new disabled toilets and ramps, 3

lifts, new carpets and tiling in the foyer areas and

outside the building, a chiller plant that allows

the GAC to control its own air conditioners,

upgrade of exit signs and fire extinguishers,

new sound and lighting desk for the theatre,

CCTV cameras and internal cabling to allow

for future services. A new website and logo

was announced in August which complements

the building upgrades and makes booking

tickets and finding out about shows a lot

easier. Theatre programming has been steadily

increasing with the GAC picking up more shows

now it is back on the touring schedule.

Community Development


The Oasis has seen major improvements across

various areas throughout 2014/2015 financial

year. The most significant improvement was

the refurbishment of the Health Club with the

installation of 30 pieces of Technogym cardio

equipment and over 35 pieces of resistance

equipment. The feedback from members has

been positive and member engagement has

grown through Technogym’s ‘MyWellness’

application which records workout activity. There

were also design features such as signage and

mirrored windows that were incorporated to

improve the space aesthetically.

The Oasis has implemented a group fitness

program called Zumba, which is a Latin dance

based fitness class designed for all ages and

fitness levels. The basic training module was held

directly at the Oasis and was delivered by world-

renowned instructor Maria-Teresa Stone. It is a

welcomed addition to the timetable, attracting a

new demographic of participants into the centre.

Oasis Swim School continues to be in high

demand with an enrolment increase of 18%

in comparison to 2013/2014. To cater for the

demand, the Oasis Swim School launched the

Development Squad which is categorised into

beginner, intermediate and advanced lessons

that aim to develop competitive stroke skills and

endurance.

The Oasis was heavily involved in a community

initiative called Pledge to Park Run, a free six

week program which specifically targeted men

to encourage regular exercise and to participate

in the 5km Park Run held at Karlkurla Park each

Saturday. The Oasis conducted two instructor

led classes on Tuesdays and Thursdays. The

program saw over 50 people register and an

average attendance of 17. Upon completion of

the program the average weight loss was 2kg

and 39% felt they had improved their eating

habits and 78% indicated that they would

recommend the program to others.

The Oasis had Ultra Violet systems installed in

both the main and leisure pool in December

2014. The UV systems break down the

chloramines that are produced as part of

the chlorine disinfection process and thus

have improved the atmosphere of pool deck,

particularly the chlorine odour, and there has

also been a noticeable reduction in corrosion on

both the pool deck and in the plant rooms.

In addition, the Oasis used 2527GJ less gas

in 14/15 than in 13/14 financial year which is

attributed to the centre’s Alternate Energy

Projects. This equates to a 43.61% reduction in

costs.

Finally, the Oasis received a number of awards

and recognitions for 2014/2015. The Oasis

continued to hold its Gold Quality Award status

from Fitness Australia for the second consecutive

year. The centre was elevated by Waterwise to a

Silver status for water efficiency and was also a

finalist for the Regional Landcorp Sustainability

award.

Goldfields Oasis Recreation Centre

18

Development Services


Health and Compliance Services

Environmental Health

Indigenous Environmental Health

Ranger Services

Sustainability and Waste Management


19

Strategic Planning

This section develops plans and strategic

documents to meet current and future needs of

the community. Plans and strategies progressed

throughout the year included Structure Plans

01 and 02 (for possible new City subdivisions);

the Kalgoorlie City Centre Revitalisation Project;

and the development of a new Town Planning

Scheme.

Statutory Planning

The role of the Statutory Planning Services is

to ensure that development is in accordance

with the City’s Town Planning Scheme to

produce good planning outcomes which deliver

beneficial amenity impacts for the community.

Planning Applications

The Statutory Planning Services determined

315 development applications for 2014/15 with

97.8% of these applications being approved.

Residential applications took on average of

14 working days to assess while commercial

applications took on average 12.8 working

days. This is a significant improvement over the

previous year in which the respective figures

were 23.3 and 14 working days. The figures

do not include consultation time with state

agencies, neighbours or instances where the

City was awaiting further information from the

applicant. Development Services also provides a

free advice service, which offers pre-application

advice for commercial or larger proposals.

Subdivisions

Recommendations were provided to the WAPC

on 30 applications for subdivision, survey-strata

and or amalgamation

Heritage

The City encourages the use and development

of historic places on the Municipal Heritage

Inventory (MHI), which includes 222 heritage

buildings. In 2014/15 a review was conducted of

the MHI. The review is currently at consultation

stage. The statutory planning section also

administers the Local Heritage Fund, provides

free heritage advice and facilitates the drafting of

Conservation Management Plans. As a result of

this work, (along with the work of the Heritage

Unit) the City won the prestigious Western

Australian Heritage Awards 2015 for Heritage

Practices by a Local Government.

Building

The role of the Building Services is to ensure that

buildings within the City are structurally sound,

do not provide a risk to the community and are

constructed in accordance with the Building

Code of Australia and the relevant laws.

Building Applications

The Building Services determined 426 building

applications in 2014/15 with 98.1% of these

applications being approved. Uncertified

building applications took on average less

than 13 working days to assess. Uncertified

applications comprise 71% of building

applications. Certified building applications took

on average less than 4 working days.

Other Building Applications

In addition to the building applications, a

considerable number of compliance issues,

amendments, Building Approval Certificates,

Certificates of Design Compliance, Certificates

of Building Compliance, Certificates of

Commercial Compliance, Demolition Permits,

Occupancy Permits and Building Orders were

assessed and determined.



The primary role of the Health and Compliance

Service area is to protect the health and well-

being of the Kalgoorlie-Boulder community

through the delivery of various programs that

encourage, monitor and ensure compliance with

public health, community and environmental

laws. The section’s goal is to help make the City

a safe, healthy and sustainable place to live. This

area consists of Ranger Services, Environmental

Health and a compliance team.

Compliance

The compliance portfolio deals with a broad

range of community amenity issues, from the

keeping of a range of animals including horses,

birds, etc, to stormwater, dust and odour,

the team acted upon 321 external service

requests to address these issues. The Health

and Compliance team also liaised with other

Development Services areas in the successful

prosecutions (two) of people and or businesses

undertaking unauthorised activities in the City.

In addition, the compliance area conducts

regular pool and spa barricade inspections to

assist in the prevention of childhood drowning

by ensuring barricades are compliant with

the Building Regulations 2012 and Australian

Standards. In 2014/15 the City conducted a total

of 1644 barricade inspections of 911 properties

on average less than 4 working days.

Health and Compliance Services


Food Safety

Food business assessments are conducted

routinely throughout the year and when

concerns are raised to ensure that practices and

standards are being maintained in accordance

with the relevant food safety and hygiene

standards. A total of 253 food businesses

including restaurants, cafés and take-away shops

were registered during the year with 765 food

safety and hygiene inspections conducted.

Accommodation Control – Lodging Houses and Substandard Buildings

Health and Compliance Services conducted

inspections of lodging houses, hotels and

caravan parks within the City to ensure that they

were maintained and operated in a manner that

keeps patrons and residents safe. Substandard

houses and buildings were also investigated

throughout the year and action taken to ensure

they were returned to an acceptable standard.

Water Quality Control

Regular routine microbiological, physical and

chemical testing of public swimming pools

(hotels, motels etc.) was undertaken throughout

the year. A total of 269 samples were submitted,

with the majority of samples meeting the

required standards. Non-compliances were

addressed as a priority. In addition 217 samples

were submitted to ensure the City’s reclaimed

water reticulation scheme continues to operate

within the approved parameters.

Public Buildings

Health and Compliance Services undertook 98

inspections of public buildings in accordance

with the Health (Public Buildings) Regulations

1992 to ensure patron safety.

Environmental Noise Control

Health and Compliance Services actioned 87

formally lodged noise complaints, which resulted

in 30 follow-up dealings due to the complexity

of some matters. The majority of noise

complaints were related to business activity in

close proximity to residential housing, building

construction noise, and amplified music.

Mosquito Monitoring and Control

Mosquito breeding activity in 2014/15 has

reduced compared to the previous year as a

result of the City’s ongoing mosquito treatment

program and decreased rainfall. 14 cases of Ross

River Virus were reported in Kalgoorlie-Boulder.

Local Emergency Management

The City’s Manager Health and Compliance

has continued to chair the Local Emergency

Management Committee (LEMC) as the Mayor’s

nominee. Regular meetings and exercises were

held to ensure the City is well prepared to deal

with any emergencies that may arise.

Special Events and Temporary Public Buildings

Environmental Health Officers inspected and

issued 30 approvals for special events, fairs

and festivals, including Kids Fest, Race Round,

Diggers and Dealers, Community Fair, Spring

Festival, the Nullarbor Muster and the Saint

Barbara’s Day Festival.

Environmental Health


The Environmental Health Officer–Indigenous

Communities Coordinator and Field Support

Officer visited the 13 Aboriginal communities

in the Eastern Goldfields Region, for a total

of 40 visits to communities, and conducted a

range of activities, including school programs,

dog health programs, housing, rubbish tip and

sewage inspections with subsequent reports

to responsible agencies to help improve the

level of environmental health in Indigenous

communities. Of specific interest this year was

the lead role taken in delivering dog surgical

sterilisation in Tjuntjuntjara, and working with

stakeholders to provide better health outcomes

for visiting indigenous people visiting Kalgoorlie-

Boulder.

Indigenous

Environmental Health Rangers attended to 5368 jobs throughout

the year. Ranger Services continues with an

approach to education rather than enforcement,

with 1866 warnings/notices issued, compared

to 1012 infringements. The City has an

appeals process which can be used to review

infringements. This process is used by the

community and resulted in 54 infringements

being withdrawn. The majority of service

requests that came through to Ranger Services

concerned Issues related to animals, discarded

trolleys in the community, and parking.

Animal Issues

832 dogs were impounded during the year,

a decrease of 18% on last year, of these 61%

of dogs impounded were able to be returned

to their owners, 24% re-homed with 13% of

impounded dogs being euthanized. A total of

457 cats were impounded during the year, with

4% being returned to their owners, 15% re-

homed and 12% of domestic cats euthanized. Of

the cats entering the facility 58% were deemed

to be feral, not suitable for rehoming and

euthanized. There were also 73 other animals

impounded during the year, ranging from

chickens, swans, rabbits to horses.

Parking Control

Timed parking areas around the City continue to

be patrolled with 23,481 vehicles checked during

the year, resulting in 330 infringements or 1.0%

of vehicles checked which were found to have

overstayed. Burt St CBD patrols were curtailed

for the year due to restoration work. A further

267 infringements were issued for general

parking related offences.

Ranger Services


Sustainability

2014/15 saw projects implemented which aimed

to improve the City’s standing as a ‘sustainable

regional city of the future’;

The large scale solar PV system planned for the

Kalgoorlie-Boulder airport is well underway and

currently awaiting sign off by Western Power

prior to construction. It is estimated that this

system will produce 252,800kwh and save the

City approximately $55,000 per annum.

The City’s solar array at the South Boulder

Waste Water Treatment Plant produced over

205,000kwh of electricity in the 2014/15 year,

saving the City approximately $42,000.

In total the City’s existing Solar PV systems

produced 525,002kwh of electricity resulting in a

saving of $118,649 for the 2014/15 year.

Sewerage

In 2014/15 the City experienced 37 system

failures, well within the City’s National

Performance criteria. The City continued to

use CCTV to identify at risk sewer lines, and

the information obtained is used to set forward

works programs.

The City’s South Boulder Wastewater Treatment

Plant treated approximately 6.4 mega litres

of wastewater per day. The treated effluent

produced was used for the irrigation of ovals,

parks, gardens, and on-sold to the mining

industry

Refuse Collection and Recycling

The City’s kerbside recycling service captured

approximately 1,761 tons of recyclables for the

2014/15 year.

The City’s free residential bulk bin service which

provides one free 4m³ bulk bin per annum to

residential premises to assist in the disposal of

general property waste was well utilised during

2014/15.

Sustainability and Waste

Management

24

Engineering Services

Kalgoorlie-Boulder Airport



25

Scheduled RPT passenger numbers for

the 2014/15 financial year showed a slight

improvement over those recorded in the previous

financial year (from 218,035 to 221,357).

The first full year of charter operations recorded

7,591 passenger movements with revenue in both

the charter and RPT sectors achieving in excess of

$5 million for the period.

Landing fee income was down marginally in

2014/15 compared with 2013/14 ($1,385,025 to

$1,198,230). This resulted from the use by one of

the airlines for part of the year of lighter, turboprop

aircraft on some of its Perth to Kalgoorlie-Boulder

sectors. All RPT services now use heavier pure jet

aircraft.

2014/15 also saw the completion of major capital

works needed to repair deformed sections of

the northern portion of the north/south taxiway.

Works also commenced on the installation

of a solar panel power source which will be

located adjacent to the terminal and which will

be completed in 2015/16. This will substantially

augment the supply of energy to the airport.

Kalgoorlie-Boulder Airport

The 2014/15 financial year saw further substantial

expenditure on major capital improvement and

rehabilitation works in the Engineering Services

area. Works undertaken included several traffic

safety projects and numerous reconstructions of

major roads. The total transport related capital and

operating expenditure (excluding Airport operations

and plant purchases) was approximately $13,819,213

for the year. Success with external road funding

applications through State and Federal Government

programs again assisted with road improvement

projects.

The largest single project was the flood damage

reinstatement of the Kurnalpi – Pinjin Road

costing over 1,000,000 to date. This project is

largely funded by the Federal Government. Other

significant projects included the continued upgrade

works carried out on the City’s rural regionally

significant roads, including Yarri Road, Broad

Arrow–Ora Banda Road and the Mt Monger Road.



Roadworks

The continuation of the Federal Government’s

Roads to Recovery program provided

expenditure of $1,121,297 for a number of

projects.

The State Government’s Road Project Grant saw

the expenditure of $2,395,973 (2/3 State and

1/3 Council) on improvement and preservation

works on several significant local roads,

including Lionel Street, Graeme Street, Boulder

Road-Federal Road-Lane Street, Piccadilly Street,

Yarri Road, Mt Monger Road and the Ora Banda

– Broad Arrow Road.

Other urban capital works undertaken within the

year included pavement reconstruction works

in the Fairways Subdivision and the continuation

of our laneway reconstruction program. A

further $359,415 was spent on the sealing and

resurfacing of various roads throughout the City

in accordance with the City’s ongoing resealing

program (including an extensive crack sealing

program.

A mixture of State, Federal and Council

funds totalling $349,478 was spent on the

maintenance and upgrading of the Trans Access

Road which services the Aboriginal communities

and pastoralists to the east of the City.

As per previous years, major expenditure items

also included $134,376 for kerbing upgrades and

maintenance, $443,581 for the sweeping and

cleaning of streets, and $210,452 for laneway

upgrades and maintenance works. Urban road

maintenance expenditure totalled $844,314 with

a further $421,736 being spent on rural road

maintenance.

The annual costs for the operation and

maintenance of streetlights throughout the City

amounted to $926,561 while a further $63,646

was allocated to streetlighting upgrade projects.

Upgrade projects were undertaken in the

West Kalgoorlie, Boulder, South Kalgoorlie and

Kalgoorlie Central areas of the City.

Traffic and Safety Improvements

The City received funding through the State

Government Black Spot road funding programs

for three projects, being traffic Island’s at

intersections on Charles Street, stage one (

design and service relocation) for Meldrum

Avenue realignment (Throssel to O’Conner) and

the Lionel Street / Egan Street Roundabout. Total

cost of the projects in 2014/15 was 449,364 with

$295,251 from the State Government.

Footpaths and Shared use Paths

A total of $275,225 was spent on the

construction of new footpaths and replacement

of existing footpaths as a continuation of

the City’s ongoing footpath construction/

replacement program. Footpath maintenance

expenditure of $803,493 included the footpath

washing and sweeping program in the Kalgoorlie

and Boulder CBD’s.

Drainage

Drainage expenditure for the year totalled

$323,752 which was spent on maintenance and

construction, with the main construction project

being the design of the Boulder Road Drainage

upgrade.

Graffiti

With the aid of a grant from the Office of Crime

Prevention, the City was able to upgrade its

specially equipped vehicle and trailer for its

dedicated Graffiti Response Officer, to assist with

the implementation of the City’s “Nil Tolerance”

to Graffiti Policy. Total cost of the program was

$135,791.

Bushfire Services

The City’s Chief Bushfire Control Officer

(CBFCO) received a lower than average number

of bushfire calls during the year with the usual

number of prank calls where the reported fires

could not be located.

Parks, Gardens, Reserves

Approximately $5.4 million was expended on the

maintenance of parks, gardens and recreational

facilities during the year. This expenditure

included $1,530,000 for specified maintenance

and capital projects.


New and enhancement projects undertaken

during the year included replacement

playgrounds at Kingsbury Park, Boulder Rotary

Park and the complete refurbishment of Barry

Stevens Park. Works included the erection of

shade sails at Finnerty Park and Cutbush Park.

Edwards Park received the first dog agility

equipment in the City which has proven to be a

great success with the community.

This year also saw the installation of lighting at

Shepherdson Park to facilitate night time junior

cricket competitions and allowed the removal of

the concrete wickets from the playing surface at

Digger Daws Oval.

Pedestrian bridges were installed at Dwyer Street

Dam to complete the pathway around the

dams perimeter and a replacement boardwalk

was installed at Karlkurla Park that was partially

funded by a Lotteries West grant to the value of

$40,000.

Reserves

A total of $2.6 million was expended on verge

maintenance throughout the City which

included a total of $445,000 on the control of

weeds on verges and lane ways. An amount of

$515,000 was expended on the maintenance

of street trees and a further $150,000 on the

maintenance of Gribble Creek, Lake Douglas

and Karlkurla Park. Significant effort has been

placed on clearing large areas of vacant public

open space, which has not only reduced risks

associated with these area’s but also impacted

positively on the general appearance of the City.

The City also contributed $85,000 towards clean

ups in outlying fringe camp sites throughout the

year.

Reticulation

A total of $407,000 was spent on maintenance

and upgrade works to the City’s treated

wastewater distribution system that provides

water to the City’s major parks, ovals and

gardens. Capital upgrades included the upgrade

of the reticulation system at Wallace Park along

with filter replacements, installation of flow

meters and on line chlorination monitoring at

various wastewater distribution sites around the

City.

28

Corporate Services

Corporate Services

Commercial

Information Systems

Asset and Procurement


29

The responsibility for Financial Management, Asset Management, Commercial and Property

Management, Information Technology, Records Management, and Rating, all fall within the area of the

City of Kalgoorlie-Boulder’s Corporate Services.

Financial Management

Financial Management of the City’s resources lies with the Finance Team who are responsible for

maintaining property records and rating, day to day accounting, investing surplus funds, calculation and

payment of salaries and wages, procurement and repayment of loans, and computerised purchasing

of Materials and Services. Interim and Final Audits are completed each year, to ensure sound financial

management is attained in accordance with Legislative and Council requirements. The Finance Team

also report to the Audit Committee. Part of Financial Management is calculation of performance

indicators to highlights trends. A summary of these performance indicators is listed below:

Recording Of Assets At Fair Value

Effective from 1 July 2012, the Local Government (Financial Management) Regulations were amended

and measurement of non-current assets at Fair Value became mandatory. This is being phased in over

3 years and transitions the value of non-current assets from historic cost to their assessed value by

market or other determinations at the current time. Infrastructure assets were revalued in 2015, their

fair value being $383,731,029, and resulting in a net increase on revaluation of $205,290,481.

Cash Backed Reserves and Investment of Surplus Funds

Corporate Services is responsible for the investment of Reserve Funds and Operational Funds.

Investments are Term Deposits of up to 12 month’s duration, with Major Financial Institutions, and in

Corporate Services


accordance with Regulation 19C of Local Government (Financial Management) Regulations 1996.

During 2014/15 Council had invested an average of $24.7 million, with a peak of $30.4 million during

the rate collection season.

Most of the 19 Reserves held, have been established over the years to allow for development to

occur without a major impact on rating or the need to borrow funds. Other reserves are to smooth

operating expenses from year to year, like Leave Reserve and the Insurance Equalisation Reserve.

Total of Cash Backed Reserves held at 30th June 2015 was $27,022,889, including unspent loans of

$820,628 compared to $28,335,095 in 2014 and unspent loans of $2,116,040.

Financial Reporting

The Finance Team presented Council with timely and accurate financial reports during the year as well

as various management reports for the Airport, Golf Course and Oasis Committee Meetings. Special

reports for Officers responsible for Income, Purchasing, Grant funding, and projects are also produced

to assist Management of monies and resources. A snapshot of the City’s Financial Data for 2015 is

below:

Cash Backed Reserves:


The following Charts show Operating Income and Expenditure by Nature and Type and Capital

Expenditure by Type:


Loan Indebtedness

Overall Loan Indebtedness has increased from $4.5 million in 2013 to $8.6 million in 2014 and to $12.9

million in 2015. New Loans have been raised at very low interest rates for the Ray Finlayson Complex

at 4.07% interest, Shepherdson Oval Lighting at 3.76% interest, for the War Museum relocation at 3.76%

interest and Burt Street Façade at $2.73%. Loans are distributed as follows:


Golf Course

The Kalgoorlie Golf Course is currently ranked

number 18 public access course in Australia and

number 4 public access in Western Australia,

reinforcing the City’s belief that it is a world class

course. In 2014 the Kalgoorlie Golf Course

won “Regional Golf Facility of the Year” and

held another successful WA Goldfields PGA

Championship. The standard of the course

continues to improve year after year.

Endowment Block

Retail throughout the City has been quiet and

this has contributed to a high number of vacant

shops throughout the Endowment Block and

Hannan St. Recent valuations have seen the

price of rentals drop considerably.

Burt Street Facade Project

The Burt Street Façade Upgrade project was

completed and officially opened on 21 June

2015. The project, which saw the facades of 41

properties reinstated to their original heritage

appearance, received $3.15million from the State

Government and Royalties for Regions, and

$1.2million from the City of Kalgoorlie-Boulder.

The benefits of this project can be seen through

an increase in the number of tourists visiting Burt

Street.

Goldfields Records Storage

The Goldfields Records Storage Facility has been

well received by the community. Disposal and

shredding has been very popular.

Commercial


Information Systems (IS) which comprises

Information Management (Records) and

Information Technology (IT) teams continue

to bring increased automation, efficiency and

communication across the whole of the City

of Kalgoorlie-Boulder. IS works out of the

administration building on Hannan Street, but

supports all arms of the City including OASIS,

Airport , Eastern Goldfields Community Centre,

Town Halls, CCTV, microwave networks, off

site backups, telephony and communications

service, access controls as well as several other

sites.

A major upgrade of the Electronic Document

Records Management System (EDRMS) has

paved the way for the implementation of a

more efficient and accessible web and mobile

based EDRMS.

The City has been investigating and trialling

public Wi-Fi with an extraordinary successful

of provision of Wi-Fi for the Arts and Edges

Conference , held at the Goldfields Arts Centre –

the GAC - (thanks to NEXTGEN and Goldnet for

the internet input).

The Goldfields Arts Centre has been successfully

added into the City’s network via a super fast

microwave link, completely recabled with a

significantly increased capacity and flexibility to

be an even better venue for the community of

Kalgoorlie-Boulder and surrounds for years to

come.

Electronic procurement that was introduced in

early 2014 has delivered great productivity and

compliance gains for officers and vendors for

the City.

The staff in IT continue to upskill and with

changes in Golf Course and GAC management

being delivered by the City , they have provided

robust and responsive operating platform and

communication systems for both these new

parts of the organisation.

Cloud services are being implemented where

appropriate and responsive to the City’s needs.

The William Grundt Library has upgraded

to a cloud based system , WorldShare, very

successfully with great support from the IT team.

A Unified Comms telephony system was

implemented in early 2105, using existing

equipment, that has provided effective, flexible,

broader range and cheaper communication

across the City sites internally and externally.

The implementation of the ICT Strategic Plan

will continue as the City looks to increase

productivity, accessibility, flexibility, and speed

and reliability of communications.

Watch this space for some exciting

developments in the months ahead.

Information Management Team

The Information Management Team has

undergone changes over the last 12months

and is not only responsible for providing a

professional Records Management support

service and assisting in the efficient operation

of the City of Kalgoorlie-Boulder records

management systems, ensuring the City

of Kalgoorlie-Boulder Council and Chief

Executive Officer meet statutory and regulatory

compliance requirements for recordkeeping. The

team now includes the Switch operations which

is responsible for all incoming phone calls on the

9021 9600 number.

Information Systems


Records Management

Ensures that all records in any format (eg: faxes,

email, incoming and outgoing correspondence,

building and planning applications, social

media, photographic, minutes & agendas etc)

is captured in to the City’s official Electronic

Document Records Management System

(EDRMS) ECM Core.

Some Information Management operational

statistics captured for the past 12months:

• Completion of the upgrade to the city’s ECM

4.03 phase I, phase II to be completed in

2015/16 which will enable mobile access.

• 75 staff members attended training that was

delivered by the Information Management

Team

• Information Managment Coordinator

processed 9 Freedom of Information

requests

• Information Management Team received

(approx. 5000) of the City of Kalgoorlie-

Boulder emails, faxes and web enquiries. The

Team process -

• 1622 applications for employment

• 671 web enquiries, eRates, art prize and

other web forms

• 155 venue and facility bookings

• 107 snap send and solve

• 900 general correspondence

• Goldfields Records Storage (GRS) – We have

currently 1300 boxes stored at GRS

• Disposal of city’s documentation –

approximately 250 boxes for 2014/15 by GRS

• 98,000 documents registered in to the

electronic document records management

system in the last financial year.

• Ongoing preparation for Council to

implement Source Records

• Merging of the Development Services files

project is back within the IM Team

Customer Service

We have also had an upgrade to our Switch

system to Unify myAttendant in January 2015.

Some Switch operational statistic captured for

the last 12months:

Average calls to the City per month are

approximately 2100 which 1500 are dealt with

directly through the Switch operator the rest

are direct to Rates, Rangers or City Parks via the

automated system.


Completed Projects:

Endowment Block Re-Roofs

Re-roofing and roof drainage of the endowment

block and Kalgoorlie town hall is complete.

Market Arcade

The refurbishment and structural repairs to a

number of units in the Markets Arcade building is

complete.

Basketball Stadium Re-Roof Phase 2, works to high level roof and ancillary

site works is complete.

Christmas Decorations

Christmas decorations for 2014 in Boulder and

Kalgoorlie.

Current Projects:

Ray Finlayson Element 3

Construction of new playing fields, lighting and

reticulation is almost complete with a year’s

growing in period for the playing fields due to

commence in September.

Ray Finlayson Element 4

Changing rooms and clubrooms – Tenders have

been received and a contractor is due to be

appointed and construction to commence in

15/16.

Goldfields War Museum

Contract has been awarded, design underway

works on site to be completed in 15/16.

SES Building

Tender declined by Council, new location being

reviewed with new tender to be issued in 15/16

year.

Asset and Procurement

37

Lord Forrest Project Development approval for stage 2 has been

submitted to state heritage, tender to follow

approval in 15/16 year.

St Barbra Square & Porter St Toilets

Tender to be issued early 15/16.

Tenders and Procurement

Procurement has issued 36 tenders through

the TenderLink portal, extensive work has been

carried out on vendor panel getting panels of

primarily local contractors and suppliers live

and staff trained to utilize the system for regular

purchases.

Asset Management

Asset registers have been reviewed and tied in

to fair value valuations. Asset management plans

have been substantially progressed for all of the

City’s primary infrastructure asset classes.

Asset Management support is also provided to

the GVROC Councils as part of a Department of

Local Government funded project. A National

Assets Framework study of all of the GVROC

shires has been carried out.

38

National Competition Act ComplianceThe City of Kalgoorlie-Boulder, in satisfaction of the provisions of clause seven of the Competition Principles Agreement, offers the following reports on activities which occurred during 2014/15.


39

This principle deals with ensuring that

government business operations have no

advantage or disadvantage in comparison with

the private sector.

The policy dictates that competitive neutrality

should apply to all business activities which

generate a user pays income of over $200,000

unless it can be shown that it is not in the

public interest. In this regard, no significant

new business activities for the purposes

of competitive neutrality were initiated or

considered during the year and no non-

compliance allegations were made.

Competitive Neutrality

40

Status Report 2014-2015 Annual PlanCorporate Business Plan 2013-17


41

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r and

enf

orce

the

City

’s T

own

Pla

nnin

g S

chem

e

Pro

per a

nd o

rder

ly p

lann

ing.

C

ompl

ianc

e is

sues

are

follo

wed

th

roug

h.

$1.4

milli

onP

er a

nnum

••

••

Man

ager

Dev

elop

men

t S

ervi

ces

Ong

oing

Dev

elop

Ope

n S

pace

Stra

tegy

Nee

ds a

nd u

sage

ana

lysi

s of

O

pen

Spa

ce is

com

plet

ed,

ratio

nalis

atio

n/pr

ovis

ion

of O

pen

Spa

ce

$20,

000

••

Man

ager

Dev

elop

men

t S

ervi

ces/

Man

ager

Par

ks &

R

eser

ves

Com

plet

ed

Mai

ntai

n an

d pr

ovid

e pa

ssiv

e pa

rks,

pla

ygro

unds

and

ga

rden

s th

at s

uppo

rt co

mm

unity

nee

ds

Com

mun

ity n

eeds

are

met

th

roug

h ac

tive

use

of

play

grou

nds

$2.6

milli

onP

er a

nnum

••

••

Man

ager

Par

ks &

Res

erve

sO

ngoi

ng

Con

tinue

to o

vers

ee th

e op

erat

ion

of th

e K

algo

orlie

G

olf C

ours

e

Ong

oing

dec

reas

e in

ope

ratio

nal

subs

idy.

Inc

reas

e in

pa

rtici

patio

n

$4 m

illion

Per

ann

um•

••

•C

omm

erci

al M

anag

erO

ngoi

ng


Cor

pora

te B

usin

ess

Plan

201

3-17

Page

2

Stra

tegy

1.1

.2:

Prov

ide

and

prom

ote

spor

t, re

crea

tion

and

leis

ure

faci

litie

s an

d pr

ogra

ms

Con

tinue

to p

rovi

de a

qua

lity

recr

eatio

n se

rvic

e th

roug

h th

e G

oldf

ield

s O

asis

Rec

reat

ion

Cen

treO

ngoi

ng d

ecre

ase

in o

pera

tiona

l su

bsid

y. In

crea

se in

par

ticip

atio

n$5

.9 m

illion

Per

ann

um•

••

•M

anag

er O

asis

Ong

oing

Impl

emen

t alte

rnat

e en

ergy

sou

rce

at th

e G

oldf

ield

s O

asis

Oas

is b

ecom

es fu

rther

sel

f re

liant

on p

ower

and

incr

ease

su

stai

nabi

lity

C $

450k

•M

anag

er O

asis

Com

plet

ed

Con

stru

ctio

n of

Ray

Fin

lays

on S

porti

ng C

ompl

ex G

EC

cl

ubro

oms

and

spor

ting

field

sR

ay F

inla

yson

Spo

rting

Com

plex

op

erat

iona

lC

$5.

5 m

illio

n•

•A

sset

Man

ager

Ong

oing

Con

stru

ct th

e R

ay F

inla

yson

Spo

rting

Com

plex

m

ultip

urpo

se c

lubr

oom

s an

d sq

uash

cou

rtsR

ay F

inla

yson

Spo

rting

Com

plex

op

erat

iona

lC

$6.

6 m

illio

n$

9.8

Mill

ion

••

Ass

et M

anag

erO

ngoi

ng

Stra

tegy

1.1

.3:

Ass

ist s

port

and

recr

eatio

n cl

ubs

and

grou

ps

Mai

ntai

n an

d pr

ovid

e fa

cilit

ies

and

supp

ort t

o sp

ortin

g gr

oups

in K

algo

orlie

-Bou

lder

Act

ive

spor

ting

grou

ps c

ater

ing

to a

ll ag

es w

ithin

the

com

mun

ity$1

.5 m

illion

Per

ann

um•

••

•M

anag

er P

arks

& R

eser

ves

Ong

oing


Cor

pora

te B

usin

ess

Plan

201

3-17

Page

3

Them

e 1:

Dev

elop

Qua

lity

of L

ife

Goa

l 1.2

: B

ette

r/Mor

e Es

sent

ial S

ervi

ces

such

as

hosp

itals

, sch

ools

and

pol

ice

Out

com

e: R

educ

tion

in th

e ne

ed fo

r res

iden

ts to

leav

e th

e C

ity to

live

els

ewhe

re fo

r opp

ortu

nitie

s in

clud

ing

educ

atio

n an

d m

edic

al c

are

Actio

nSu

cces

s In

dica

tor

Asso

ciat

ed C

osts

/Tim

efra

me

Res

pons

ible

Dep

artm

ent

Cos

t13

/14

14/1

515

/16

16/1

7

Stra

tegy

1.2

.1:

Adv

ocat

e fo

r pro

visi

on o

f sui

tabl

e he

alth

and

med

ical

faci

litie

s an

d se

rvic

es

Lobb

y fo

r inc

reas

ing

prof

essi

onal

s an

d se

rvic

es a

s pa

rt of

the

hosp

ital u

pgra

de a

nd c

omm

unity

pro

gram

sIm

prov

ed s

ervi

ces

for

disa

dvan

tage

d an

d m

ost a

t ris

kIn

Hou

se•

••

•C

EO

Ong

oing

Lobb

y fo

r add

ition

al s

ervi

ces

to c

hild

ren

with

spe

cial

ne

eds

Impr

oved

Pat

ient

Ass

ista

nce

In H

ouse

• •

••

CE

OO

ngoi

ng

Lobb

y fo

r a re

side

ntia

l reh

abilit

atio

n ce

ntre

to b

e bu

ilt

in K

algo

orlie

-Bou

lder

A re

side

ntia

l cen

tre is

bui

ltIn

Hou

se•

••

•C

EO

Ong

oing

Lobb

y fo

r exp

ansi

on to

the

drug

and

alc

ohol

w

ithdr

awal

uni

tIn

take

incr

ease

from

4 b

eds

to

12 b

eds

In H

ouse

• •

••

CE

OO

ngoi

ng

Stra

tegy

1.2

.2:

Adv

ocat

e fo

r im

prov

ed e

duca

tion

faci

litie

s an

d se

rvic

es

Mai

ntai

n a

stro

ng tr

aine

e/ap

pren

tices

hip

prog

ram

Incr

ease

d ca

reer

opp

ortu

nitie

s an

daw

aren

ess

for y

outh

with

in

the

com

mun

ity

$418

,000

Per

ann

um•

••

•M

anag

er O

rgan

isat

iona

l D

evel

opm

ent

Ong

oing

Pro

vide

for t

he e

duca

tion

need

s of

the

Han

nans

di

stric

t

Ade

quat

e zo

ned

land

pro

vide

d fo

r edu

catio

n fa

cilit

ies

in th

e H

anna

ns d

istri

ctIn

Hou

se•

Man

ager

Dev

elop

men

t S

ervi

ces

Com

plet

ed

Stra

tegy

1.2

.3:

Faci

litat

e th

e pr

ovis

ion

of a

rang

e of

age

d ca

re fa

cilit

ies

Lobb

y go

vern

men

t for

add

ition

al n

ursi

ng h

ome

beds

Add

ition

al n

ursi

ng h

ome

beds

ar

e av

aila

ble

In H

ouse

• •

••

CE

OO

ngoi

ng


Cor

pora

te B

usin

ess

Plan

201

3-17

Page

4

Them

e 1:

Dev

elop

Qua

lity

of L

ife

Goa

l 1.3

: K

algo

orlie

-Bou

lder

will

be

a sa

fe p

lace

to li

veO

utco

me:

Kal

goor

lie-B

ould

er re

side

nts

will

feel

saf

e th

roug

hout

the

tow

n an

d be

abl

e to

con

duct

reas

onab

le a

ctiv

ity w

ithou

t fea

ring

for t

heir

safe

ty

Actio

nSu

cces

s In

dica

tor

Asso

ciat

ed C

osts

/Tim

efra

me

Res

pons

ible

Dep

artm

ent

Cos

t13

/14

14/1

515

/16

16/1

7

Stra

tegy

1.3

.1:

Col

labo

rate

with

law

enf

orce

men

t aut

horit

ies

to s

uppo

rt c

rime

prev

entio

n pr

ogra

ms

Dev

elop

and

impl

emen

t a c

omm

unity

saf

ety

plan

Com

mun

ity fe

edba

ck o

n sa

fety

w

ithin

the

com

mun

ity v

ia

surv

eys

$75,

000

Per

ann

um•

••

•D

irect

or o

f Dev

elop

men

t S

ervi

ces

Com

plet

ed

Adm

inis

ter a

nd e

nfor

ce th

e C

ity’s

Loc

al L

aws

and

Com

mun

ity S

afet

y Pl

an in

clud

ing

CC

TV (O

ther

Law

O

rder

, Pub

lic S

afet

y)

Res

iden

t sat

isfa

ctio

n su

rvey

co

mpl

eted

$550

,000

Per

ann

um•

••

•M

anag

er H

ealth

and

C

ompl

ianc

eO

ngoi

ng

Stra

tegy

1.3

.2:

Prov

ide

publ

ic a

nd e

nviro

nmen

tal h

ealth

ser

vice

s in

acc

orda

nce

with

legi

slat

ive

requ

irem

ents

Con

tinue

to a

dmin

iste

r the

City

’s H

ealth

Loc

al L

aw a

nd

requ

irem

ents

of t

he H

ealth

Act

Und

erta

ke s

urve

illan

ce

insp

ectio

ns in

acc

orda

nce

with

th

e C

ity’s

Env

ironm

enta

l Hea

lth

Pla

n

$1.3

milli

onP

er a

nnum

• •

••

Man

ager

Hea

lth a

nd

Com

plia

nce

Ong

oing

Con

tinue

to p

rovi

de a

qual

ity B

uild

ing

Con

trol s

ervi

ce

in a

ccor

danc

e w

ith le

gisl

atio

n

Det

erm

ine

perm

its w

ithin

KP

Is.

Und

erta

ke a

ppro

pria

te

com

plia

nce

actio

n.

$1.2

milli

onP

er a

nnum

• •

••

Man

ager

Dev

elop

men

t S

ervi

ces

Ong

oing

Con

tinue

to p

rovi

de a

nd m

aint

ain

publ

ic to

ilets

th

roug

hout

the

City

Rat

ing

rece

ived

thro

ugh

the

City

’s a

nnua

l cus

tom

er

satis

fact

ion

surv

ey

$295

,000

Per

ann

um•

••

•C

omm

erci

al M

anag

erO

ngoi

ng

Stra

tegy

1.3

.3:

Adv

ocat

e fo

r fun

ding

for a

ppro

pria

te li

ghtin

g in

str

eets

and

pub

lic p

lace

s

Dev

elop

an

impr

ovem

ent p

rogr

am fo

r pla

ygro

unds

and

pa

rks

Incr

ease

d sa

fety

of p

arks

and

pl

aygr

ound

s$2

00,0

00P

er a

nnum

• •

••

Man

ager

Par

ks a

nd

Res

erve

sO

ngoi

ng

Stra

tegy

1.3

.4:

Prov

ide

anim

al m

anag

emen

t ser

vice

s in

acc

orda

nce

with

legi

slat

ive

requ

irem

ents

Con

tinue

to p

rovi

de a

qua

lity

rang

er s

ervi

ceTi

mel

y re

spon

se a

nd re

solu

tion

of c

usto

mer

ser

vice

requ

ests

$787

,000

Per

ann

um•

••

•M

anag

er H

ealth

and

C

ompl

ianc

eO

ngoi

ng


Cor

pora

te B

usin

ess

Plan

201

3-17

Page

5

Them

e 1:

Dev

elop

Qua

lity

of L

ife

Goa

l 1.4

: Ad

opt E

nviro

nmen

tal b

est p

ract

ice

(gre

en p

ower

, rec

yclin

g, w

aste

man

agem

ent,

wat

er)

Out

com

e: T

he C

ity b

ecom

e a

clea

n an

d gr

een

city

that

set

s th

e st

anda

rd fo

r the

regi

on

Actio

nSu

cces

s In

dica

tor

Asso

ciat

ed C

osts

/Tim

efra

me

Res

pons

ible

Dep

artm

ent

Cos

t13

/14

14/1

515

/16

16/1

7

Stra

tegy

1.4

.1:

Supp

ort t

he p

rese

rvat

ion

and

rege

nera

tion

of n

atur

al h

abita

ts in

clud

ing

City

man

aged

rese

rves

Rev

iew

/dev

elop

sus

tain

abili

ty, e

colo

gica

l and

nat

ural

re

sour

ce p

lann

ing

polic

ies.

Rev

iew

of p

olic

ies

com

plet

e,

adop

ted

by C

ounc

il, W

APC

and

us

ed fo

r det

erm

inin

gap

plic

atio

ns.

In H

ouse

••

Man

ager

Dev

elop

men

t S

ervi

ces

Com

plet

ed

Inco

rpor

ate

the

prin

cipl

es o

f sus

tain

abili

ty a

nd th

e pr

eser

vatio

n an

d en

hanc

emen

t of n

atur

al h

abita

ts in

to

City

Stra

tegi

c P

lans

.

Sus

tain

abili

ty a

nd n

atur

al

habi

tats

are

con

side

red

at

stra

tegi

c pl

anni

ng s

tage

.In

Hou

se•

••

•M

anag

er D

evel

opm

ent

Ser

vice

sO

ngoi

ng

Stra

tegy

1.4

.2:

Supp

ort a

nd p

rom

ote

resp

onsi

ble

was

te m

anag

emen

t and

recy

clin

g in

to th

e fu

ture

Con

tinue

to p

rovi

de a

wee

kly

gene

ral w

aste

and

fo

rtnig

htly

recy

clab

les

pick

up

for e

ach

resi

denc

e in

the

City

Con

tinui

ng s

ervi

ce p

rovi

ded

$1.8

milli

onP

er a

nnum

••

••

Man

ager

Sus

tain

abilit

y an

d W

aste

Ser

vice

sO

ngoi

ng

Con

tinue

to p

rovi

de a

San

itatio

n se

rvic

e to

com

mer

cial

pr

oper

ties

and

stre

et b

in s

ervi

ce.

Con

tinui

ng s

ervi

ce p

rovi

ded

$550

kP

er a

nnum

••

••

Man

ager

Sus

tain

abilit

y an

d W

aste

Ser

vice

sO

ngoi

ng

Pro

vide

a la

ndfil

l ser

vice

to th

e C

ityC

ontra

ct in

pla

ce a

nd m

eetin

g D

EC

lice

nse

requ

irem

ents

$2.3

milli

onP

er a

nnum

••

••

Man

ager

Sus

tain

abilit

y an

d W

aste

Ser

vice

sO

ngoi

ng


Cor

pora

te B

usin

ess

Plan

201

3-17

Page

6

Stra

tegy

1.4

.4:

Inve

stig

ate

and

adop

t ene

rgy

effic

ienc

y pr

actic

es in

Cou

ncil

oper

atio

ns

Inve

stig

ate

optio

ns a

roun

d in

crea

sing

gre

en p

ower

th

roug

h al

tern

ate

ener

gy p

roje

cts

such

as

sola

r ph

otov

olta

ic (P

V) u

nits

Inve

stig

atio

ns c

ompl

ete

with

a

rang

e of

opt

ions

ava

ilabl

e fo

r up

take

by

the

loca

l gov

ernm

ent

$550

kP

er a

nnum

••

••

Man

ager

Sus

tain

abilit

y an

d W

aste

Ser

vice

sO

ngoi

ng

Met

hane

con

trol a

t lan

dfill

to re

duce

the

City

’s c

arbo

n lia

bilit

yM

etha

ne d

estru

ctio

n an

d lo

wer

ed c

arbo

n ta

x lia

bilit

y$9

0kP

er a

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••

••

Man

ager

Sus

tain

abilit

y an

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aste

Ser

vice

s

Com

plet

ed

(dro

ppin

g of

ca

rbon

tax

inde

finite

ly

defe

rred

this

pr

ojec

t)

Met

hane

con

trol a

t lan

dfill

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duce

the

City

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arbo

n lia

bilit

yM

etha

ne d

estru

ctio

n an

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wer

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$75

0,00

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Man

ager

Sus

tain

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y an

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aste

Ser

vice

s

Com

plet

ed

(dro

ppin

g of

ca

rbon

tax

inde

finite

ly

defe

rred

this

pr

ojec

t)

Stra

tegy

1.4

.3:

Iden

tify

and

deve

lop

wat

er h

arve

stin

g an

d w

aste

wat

er re

use

oppo

rtun

ities

Con

tinue

to p

rovi

de a

qua

lity

Sew

erag

e sy

stem

that

is

fully

fund

ed th

roug

h S

ewer

age

Rat

esM

eetin

g E

RA

and

DE

C li

cens

e re

quire

men

ts$6

.5 m

illion

Per

ann

um•

••

•M

anag

er S

usta

inab

ility

and

Was

te S

ervi

ces

Ong

oing

Con

tinue

to p

rovi

de re

cycl

ed w

ater

ser

vice

for p

arks

an

d co

mm

erci

al10

0% re

use

and

mee

t hea

lth

depa

rtmen

t com

plia

nce

$840

kP

er a

nnum

••

••

Man

ager

Sus

tain

abilit

y an

d W

aste

Ser

vice

sO

ngoi

ng

Enc

oura

ge th

e de

sign

in o

f wat

er s

ensi

tive

urba

n de

sign

tech

niqu

es d

urin

g th

e pl

anni

ng o

f dev

elop

men

t

Dev

elop

and

impl

emen

t a W

ater

S

ensi

tive

Urb

an D

esig

n pl

anni

ng

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201

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7

Them

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Enco

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Man

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Plan

201

3-17

Page

8

Them

e2:

Enc

oura

ge c

ity w

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mun

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Plan

201

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Page

9

Them

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Plan

201

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Page

10

Them

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Plan

201

3-17

Page

11

Them

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Boo

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Page

12

Them

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isIn

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inte

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ble

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ouse

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000

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ities

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on

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000

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EO

Ong

oing

56

Financial ReportFor the year ended 30th June 2015


1Financial Report 2014–2015

FINANCIAL REPORT

FOR THE YEAR ENDED 30TH JUNE 2015

TABLE OF CONTENTS

Statement by Chief Executive Officer 2

Statement of Comprehensive Income by Nature or Type 3

Statement of Comprehensive Income by Program 4

Statement of Financial Position 5

Statement of Changes in Equity 6

Statement of Cash Flows 7

Rate Setting Statement 8

Notes to and Forming Part of the Financial Report 9

Independent Auditor's Report 67

Supplementary Ratio Information 69

Principal place of business:577 Hannan Street,KALGOORLIE WA 6430

CITY OF KALGOORLIE-BOULDER



CITY OF KALGOORLIE-BOULDERSTATEMENT OF COMPREHENSIVE INCOME

BY NATURE OR TYPEFOR THE YEAR ENDED 30TH JUNE 2015

NOTE 2015 2015 2014$ Budget $

$RevenueRates 22 21,958,575 22,549,482 21,691,389Operating grants, subsidies and contributions 29 11,009,681 7,212,926 5,189,573Income from Property 2,743,490 0 3,426,121Fees and charges 28 28,396,540 28,891,340 25,902,277Interest earnings 2(a) 1,349,882 1,408,878 1,581,865Other revenue 2,168,437 9,853,079 2,336,622

67,626,605 69,915,705 60,127,847

ExpensesEmployee costs (28,118,289) (27,340,960) (25,116,257)Materials and contracts (22,028,939) (22,786,509) (21,143,608)Utility charges (3,577,031) (3,180,378) (3,545,834)Council Contributions (1,501,478) 0 (1,597,383)Depreciation on non-current assets 2(a) (12,642,242) (10,300,030) (10,457,943)Interest expenses 2(a) (379,207) (513,889) (252,898)Insurance expenses (1,203,636) (1,319,765) (1,396,142)Other expenditure (1,242,854) (5,930,116) (1,212,820)

(70,693,676) (71,371,647) (64,722,885)(3,067,071) (1,455,942) (4,595,038)

Non-operating grants, subsidies and contributions 29 4,991,888 7,062,553 3,836,938Loss on revaluation of fixed assets (9,128,757) 0 0Profit on asset disposals 20 46,467 72,904 19,926Loss on asset disposals 20 (152,695) (259,687) (1,057,936)

Net result (7,310,168) 5,419,828 (1,796,110)

Other comprehensive income

Changes on revaluation of non-current assets 12 214,419,238 0 57,833,679

Total other comprehensive income 214,419,238 0 57,833,679

Total comprehensive income 207,109,070 5,419,828 56,037,569

This statement is to be read in conjunction with the accompanying notes.

Page 3



BY PROGRAMFOR THE YEAR ENDED 30TH JUNE 2015

NOTE 2015 2015 2014$ Budget $

$Revenue 2(a) Governance 946,667 4,189,130 767,674General purpose funding 27,144,003 26,612,873 24,330,998Law, order, public safety 388,123 371,940 383,570Health 454,105 548,890 428,766Education and welfare 1,539,621 1,587,521 1,490,858Housing 38,167 53,500 49,671Community amenities 13,318,454 13,651,622 12,758,747Recreation and culture 7,473,990 7,918,695 6,966,892Transport 9,741,785 11,636,401 9,224,348Economic services 5,098,442 2,787,600 1,985,678Other property and services 1,541,014 630,437 1,740,645

67,684,371 69,988,609 60,127,847

Expenses 2(a) Governance (3,836,319) (3,575,789) (3,846,912)General purpose funding (821,624) (713,335) (791,093)Law, order, public safety (1,256,540) (1,649,453) (1,591,089)Health (1,344,278) (1,236,179) (1,183,610)Education and welfare (2,509,321) (2,406,736) (2,470,093)Housing (53,349) (41,050) (37,658)Community amenities (11,927,710) (12,710,692) (11,663,961)Recreation and culture (23,547,693) (21,712,194) (21,512,321)Transport (15,615,099) (18,815,224) (14,824,403)Economic services (6,097,378) (6,374,492) (4,091,524)Other property and services (3,362,924) (1,695,519) (2,457,323)

(70,372,235) (70,930,663) (64,469,987)

Finance costs 2(a) Governance 0 (190,000) (7,935)Law, order, public safety (858) (1,071) (1,763)Health (964) (1,378) (2,753)Community amenities (50,905) (55,046) (93,286)Recreation and culture (296,871) (235,838) (114,560)Economic services (735) (919) (1,713)Other property and services (28,874) (29,636) (30,888)

(379,207) (513,888) (252,898)

Loss on revaluation of fixed assetsGeneral purpose funding (9,128,757) 0 0

(9,128,757) 0 0

Non-operating grants, subsidies and contributionsRecreation and culture 1,466,844 2,827,177 1,283,321Transport 3,525,044 4,235,376 2,553,617

4,991,888 7,062,553 3,836,938

Page 4



BY PROGRAM (CONTINUED)FOR THE YEAR ENDED 30TH JUNE 2015

NOTE 2015 2015 2014$ Budget $

$

Profit/(Loss) on disposal of assetsGovernance (34,082) (69,368) (39,664)Law, order, public safety (2,011) 0 0Health (5,278) (20,214) (11,910)Education and welfare 0 (13,261) (17,846)Community amenities (23,611) (28,701) (11,831)Recreation and culture (30,550) (33,107) (44,480)Transport 28,391 24,702 (68,697)Economic services (4,219) (17,621) (814,274)Other property and services (34,868) (29,213) (29,308)

20 (106,228) (186,783) (1,038,010)

Net result (7,310,168) 5,419,828 (1,796,110)

Other comprehensive income

Changes on revaluation of non-current assets 12 214,419,238 0 57,833,679

Total other comprehensive income 214,419,238 0 57,833,679

Total comprehensive income 207,109,070 5,419,828 56,037,569


Page 5


CITY OF KALGOORLIE-BOULDERSTATEMENT OF FINANCIAL POSITION

AS AT 30TH JUNE 2015

NOTE 2015 2014$ $

CURRENT ASSETSCash and cash equivalents 3 25,896,510 26,975,063Trade and other receivables 4 7,949,855 7,434,943Inventories 5 1,357,035 614,666TOTAL CURRENT ASSETS 35,203,400 35,024,672

NON-CURRENT ASSETSOther receivables 4 671,758 696,529Property, plant and equipment 6 119,449,031 122,825,713Infrastructure 7 383,731,029 169,621,325Investment Property 6A 12,439,669 12,610,000TOTAL NON-CURRENT ASSETS 516,291,487 305,753,567

TOTAL ASSETS 551,494,887 340,778,239

CURRENT LIABILITIESTrade and other payables 8 6,601,295 7,872,809Current portion of long term borrowings 9 883,045 1,357,288Provisions 10 3,373,756 3,008,908TOTAL CURRENT LIABILITIES 10,858,096 12,239,005

NON-CURRENT LIABILITIESLong term borrowings 9 12,049,594 7,232,639Provisions 10 655,914 484,382TOTAL NON-CURRENT LIABILITIES 12,705,508 7,717,021

TOTAL LIABILITIES 23,563,604 19,956,026

NET ASSETS 527,931,283 320,822,213

EQUITYRetained surplus 229,338,548 236,631,924Reserves - cash backed 11 26,202,263 26,219,055Revaluation surplus 12 272,390,472 57,971,234TOTAL EQUITY 527,931,283 320,822,213


Page 6


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Page

7


CITY OF KALGOORLIE-BOULDERSTATEMENT OF CASH FLOWS


NOTE 2015 2015 2014$ Budget $

CASH FLOWS FROM OPERATING ACTIVITIES $ReceiptsRates 21,649,562 22,549,482 21,638,966Operating grants, subsidies and

contributions 10,722,524 7,142,926 5,819,399Income from Property 3,426,121

Fees and charges 28,396,540 28,991,340 25,902,277Service charges 2,743,490 0 0Interest earnings 1,349,882 1,408,878 1,581,865Goods and services tax 1,560,923 0 4,840,635Other revenue 2,168,437 11,153,539 478,538

68,591,358 71,246,165 63,687,801PaymentsEmployee costs (27,460,054) (27,290,960) (25,088,328)Materials and contracts (23,433,701) (22,866,509) (22,145,372)Utility charges (3,577,031) (3,180,378) (3,545,834)Council Contributions 0 0 (1,597,383)Interest expenses (376,047) (513,889) (244,826)Insurance expenses (1,203,636) (1,319,765) (1,396,142)Goods and services tax (1,509,976) 0 (4,386,836)Other expenditure (2,744,332) (5,950,116) (1,212,820)

(60,304,777) (61,121,617) (59,617,541)Net cash provided by (used in) operating activities 13(b) 8,286,581 10,124,548 4,070,260

CASH FLOWS FROM INVESTING ACTIVITIESPayments for development of Land held for resale (734,136) (1,180,000) (148,052)Payments for purchase of property, plant & equipment (3,772,194) (19,501,315) (9,939,738)Payments for construction of infrastructure (14,741,767) (18,357,000) (7,261,451)Non-operating grants, Subsidies and contributions 4,991,888 7,062,553 3,836,938Proceeds from sale of fixed assets 493,281 1,990,000 1,170,653Net cash provided by (used in) investment activities (13,762,928) (29,985,762) (12,341,650)

CASH FLOWS FROM FINANCING ACTIVITIESRepayment of debentures (1,357,288) (1,329,062) (1,047,746)Repayment of Finance Leases (190,000)Proceeds from self supporting loans 55,082 55,338 97,916Proceeds from new debentures 5,700,000 10,850,000 4,356,539Net cash provided by (used In) financing activities 4,397,794 9,386,276 3,406,709

Net increase (decrease) in cash held (1,078,553) (10,474,938) (4,864,681)Cash at beginning of year 26,975,063 26,650,601 31,839,744Cash and cash equivalents at the end of the year 13(a) 25,896,510 16,175,663 26,975,063


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CITY OF KALGOORLIE-BOULDERRATE SETTING STATEMENT


2015 2015 2014NOTE Actual Budget Actual

$ $ $RevenueGovernance 946,667 4,189,130 767,674General purpose funding 5,185,428 4,063,391 2,639,609Law, order, public safety 388,123 371,940 383,570Health 454,105 548,890 428,766Education and welfare 1,539,621 1,587,521 1,490,858Housing 38,167 53,500 49,671Community amenities 13,318,454 13,651,622 12,758,747Recreation and culture 8,940,834 10,745,872 8,250,213Transport 13,266,829 15,871,777 11,777,965Economic services 5,098,442 2,787,600 1,985,678Other property and services 1,541,014 630,437 1,740,645

50,717,684 54,501,680 42,273,396ExpensesGovernance (3,870,401) (3,835,157) (3,894,511)General purpose funding (821,624) (713,335) (791,093)Law, order, public safety (1,259,409) (1,650,524) (1,592,852)Health (1,350,520) (1,257,771) (1,198,273)Education and welfare (2,509,321) (2,419,997) (2,487,939)Housing (53,349) (41,050) (37,658)Community amenities (12,002,226) (12,794,439) (11,769,078)Recreation and culture (23,875,114) (21,981,139) (21,671,361)Transport (15,586,708) (18,791,441) (14,893,100)Economic services (6,102,332) (6,421,749) (4,907,511)Other property and services (12,555,423) (1,724,732) (2,517,519)

(79,986,427) (71,631,334) (65,760,895)

Net result excluding rates (29,268,743) (17,129,654) (23,487,499)

Adjustments for cash budget requirements:Non-cash expenditure and revenueLoss on Revaluation of Assets 9,128,757 0 0(Profit)/Loss on asset disposals 20 106,228 186,783 1,038,010Movement in deferred pensioner rates (non-current) (10,406) 0 (20,815)Movement in employee benefit provisions (non-current) 536,379 0 (133,252)Depreciation and amortisation on assets 2(a) 12,642,242 10,300,030 10,457,943Capital Expenditure and RevenuePurchase land held for resale (734,136) (1,180,000) (148,052)Purchase of land and buildings (901,407) (12,090,615) 0Purchase furniture and equipment 6(b) (842,859) (1,082,500) 0Purchase major plant and equipment 6(b) (373,075) (3,658,200) (9,939,738)Purchase minor plant and equipment 6(b) (531,031) 0 0Purchase Vehicles (1,123,822) 0 0Purchase of Infrastructure Assets 6(b) (14,741,767) (21,027,000) (7,261,451)Proceeds from disposal of fixed assets 20 493,281 1,990,000 1,170,653Repayment of debentures 21(a) (1,357,288) (1,329,062) (1,047,746)Proceeds from new debentures 21(a) 5,700,000 10,850,000 4,356,539Proceeds from self supporting loans 55,082 55,338 97,916Transfers to reserves (restricted assets) 11 (6,165,151) (2,444,878) (1,919,061)Transfers from reserves (restricted assets) 11 6,181,943 9,190,276 4,336,382

ADD Surplus/(deficit) July 1 b/fwd 22(b) 418,357 4,820,000 1,227,138LESS Surplus/(deficit) June 30 c/fwd 22(b) 1,171,159 0 418,357

Total amount raised from general rate 22(a) (21,958,575) (22,549,482) (21,691,389)


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1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(a) Basis of PreparationThe financial report comprises general purpose financial statements which have been prepared in accordance with Australian Accounting Standards (as they apply to local governments and not-for-profit entities), Australian Accounting Interpretations, other authoritative pronouncements of the AustralianAccounting Standards Board, the Local Government Act 1995 and accompanying regulations. Material accounting policies which have been adopted in the preparation of this financial report are presentedbelow and have been consistently applied unless stated otherwise.

Except for cash flow and rate setting information, the report has been prepared on the accrual basis and is based on historical costs, modified, where applicable, by the measurement at fair value of selected non-current assets, financial assets and liabilities.

Critical accounting estimatesThe preparation of a financial report in conformity with Australian Accounting Standards requires management to make judgements, estimates and assumptions that effect the application of policies and reported amounts of assets and liabilities, income and expenses.

The estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstances; the results of which form the basis of making the judgements about carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates.

The local government reporting entityAll Funds through which the City controls resources to carry on its functions have been included in thefinancial statements forming part of this financial report.

In the process of reporting on the local government as a single unit, all transactions and balances between those Funds (for example, loans and transfers between Funds) have been eliminated.

All monies held in the Trust Fund are excluded from the financial statements. A separate statement ofthose monies appears at Note 19 to these financial statements.

(b) Goods and Services Tax (GST)Revenues, expenses and assets are recognised net of the amount of GST, except where the amount of GST incurred is not recoverable from the Australian Taxation Office (ATO).

Receivables and payables are stated inclusive of GST receivable or payable.The net amount of GST recoverable from, or payable to, the ATO is included with receivables or payables in the statement of financial position.

Cash flows are presented on a gross basis. The GST components of cash flows arising from investing or financing activities which are recoverable from, or payable to, the ATO are presented as operatingcash flows.

(c) Cash and Cash EquivalentsCash and cash equivalents include cash on hand, cash at bank, deposits available on demand with banks and other short term highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value and bank overdrafts.

Bank overdrafts are reported as short term borrowings in current liabilities in the statement of financial position.

CITY OF KALGOORLIE-BOULDERNOTES TO AND FORMING PART OF THE FINANCIAL REPORT


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1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

(d) Trade and Other ReceivablesTrade and other receivables include amounts due from ratepayers for unpaid rates and service charges and other amounts due from third parties for goods sold and services performed in the ordinary course of business.

Receivables expected to be collected within 12 months of the end of the reporting period are classified as current assets. All other receivables are classified as non-current assets.

Collectability of trade and other receivables is reviewed on an ongoing basis. Debts that are known to be uncollectible are written off when identified. An allowance for doubtful debts is raised when there is objective evidence that they will not be collectible.

(e) Inventories

GeneralInventories are measured at the lower of cost and net realisable value.

Net realisable value is the estimated selling price in the ordinary course of business less the estimated costs of completion and the estimated costs necessary to make the sale.

Land held for saleLand held for development and sale is valued at the lower of cost and net realisable value. Cost includes the cost of acquisition, development, borrowing costs and holding costs until completion of development.Finance costs and holding charges incurred after development is completed are expensed.

Gains and losses are recognised in profit or loss at the time of signing an unconditional contract of sale if significant risks and rewards, and effective control over the land, are passed on to the buyer at this point.

Land held for sale is classified as current except where it is held as non-current based on the Council’sintentions to release for sale.

(f) Fixed AssetsEach class of fixed assets within either property, plant and equipment or infrastructure, is carried at cost or fair value as indicated less, where applicable, any accumulated depreciation and impairment losses.

Mandatory requirement to revalue non-current assetsEffective from 1 July 2012, the Local Government (Financial Management) Regulations were amended and the measurement of non-current assets at Fair Value became mandatory.

The amendments allow for a phasing in of fair value in relation to fixed assets over three years as follows:

(a) for the financial year ending on 30 June 2013, the fair value of all of the assets of the local government that are plant and equipment; and(b) for the financial year ending on 30 June 2014, the fair value of all of the assets of the local government - (i) that are plant and equipment; and (ii) that are - (I) land and buildings; or- (II) Infrastructure;and(c) for a financial year ending on or after 30 June 2015, the fair value of all of the assets of the local government.

Thereafter, in accordance with the regulations, each asset class must be revalued at least every 3 years.

In 2013, the City commenced the process of adopting Fair Value in accordance with the Regulations.

Relevant disclosures, in accordance with the requirements of Australian Accounting Standards, have been made in the financial report as necessary.



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(f) Fixed Assets (Continued)

Land under controlIn accordance with Local Government (Financial Management) Regulation 16(a), the City was requiredto include as an asset (by 30 June 2013), Crown Land operated by the local government as a golf course,showground, racecourse or other sporting or recreational facility of State or Regional significance.

Upon initial recognition, these assets were recorded at cost in accordance with AASB 116. They were then classified as Land and revalued along with other land in accordance with the other policies detailed in this Note.

Initial recognition and measurement between mandatory revaluation datesAll assets are initially recognised at cost and subsequently revalued in accordance with the mandatory measurement framework detailed above.

In relation to this initial measurement, cost is determined as the fair value of the assets given as consideration plus costs incidental to the acquisition. For assets acquired at no cost or for nominal consideration, cost is determined as fair value at the date of acquisition. The cost of non-current assetsconstructed by the City includes the cost of all materials used in construction, direct labour on the projectand an appropriate proportion of variable and fixed overheads.

Individual assets acquired between initial recognition and the next revaluation of the asset class in accordance with the mandatory measurement framework detailed above, are carried at cost lessaccumulated depreciation as management believes this approximates fair value. They will be subject tosubsequent revaluation at the next anniversary date in accordance with the mandatory measurement framework detailed above.

RevaluationIncreases in the carrying amount arising on revaluation of assets are credited to a revaluation surplus in equity. Decreases that offset previous increases of the same asset are recognised against revaluation surplus directly in equity. All other decreases are recognised in profit or loss.

Land under roadsIn Western Australia, all land under roads is Crown Land, the responsibility for managing which, is vested in the local government.

Effective as at 1 July 2008, Council elected not to recognise any value for land under roads acquired on or before 30 June 2008. This accords with the treatment available in Australian Accounting Standard AASB 1051 Land Under Roads and the fact Local Government (Financial Management) Regulation 16(a)(i) prohibits local governments from recognising such land as an asset.

In respect of land under roads acquired on or after 1 July 2008, as detailed above, Local Government (Financial Management) Regulation 16(a)(i) prohibits local governments from recognising such landas an asset.

Whilst such treatment is inconsistent with the requirements of AASB 1051, Local Government (Financial Management) Regulation 4(2) provides, in the event of such an inconsistency, the Local Government (Financial Management) Regulations prevail.

Consequently, any land under roads acquired on or after 1 July 2008 is not included as an asset of the City.



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(f) Fixed Assets (Continued)

DepreciationThe depreciable amount of all fixed assets including buildings but excluding freehold land, are depreciated on a straight-line basis over the individual asset’s useful life from the time the asset is held ready for use. Leasehold improvements are depreciated over the shorter of either the unexpired period of the lease or the estimated useful life of the improvements.

When an item of property, plant and equipment is revalued, any accumulated depreciation at the date of the revaluation is treated in one of the following ways:a) Restated proportionately with the change in the gross carrying amount of the asset so that the carrying amount of the asset after revaluation equals its revalued amount; orb) Eliminated against the gross carrying amount of the asset and the net amount restated to the revalued amount of the asset.

Major depreciation periods used for each class of depreciable asset are:

Buildings 30 to 50 yearsTemporary Buildings 20 yearsFurniture and equipment 4 to 10 yearsPlant and equipment 5 to 15 yearsSealed roads and streets formation not depreciated pavement 50 years seal - bituminous seals 20 years - asphalt surfaces 25 yearsGravel roads formation not depreciated pavement 50 yearsFormed roads (unsealed) formation not depreciated pavement 50 yearsFootpaths - slab 40 yearsSewerage piping 100 yearsWater supply piping and drainage systems 75 years

The assets residual values and useful lives are reviewed, and adjusted if appropriate, at the end of each reporting period.

An asset's carrying amount is written down immediately to its recoverable amount if the asset's carryingamount is greater than its estimated recoverable amount.

Gains and losses on disposals are determined by comparing proceeds with the carrying amount. These gains and losses are included in the statement of comprehensive income in the period in whichthey arise.

Capitalisation thresholdExpenditure on items of equipment under $2,000 is not capitalised. Rather, it is recorded on an asset inventory listing.



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(g) Fair Value of Assets and LiabilitiesWhen performing a revaluation, the City uses a mix of both independent and management valuationsusing the following as a guide:

Fair Value is the price that the City would receive to sell the asset or would have to pay to transfer aliability, in an orderly (i.e. unforced) transaction between independent, knowledgeable and willing market participants at the measurement date.

As fair value is a market-based measure, the closest equivalent observable market pricing information is used to determine fair value. Adjustments to market values may be made having regard to the characteristics of the specific asset or liability. The fair values of assets that are not traded in an active market are determined using one or more valuation techniques. These valuation techniques maximise, to the extent possible, the use of observable market data.

To the extent possible, market information is extracted from either the principal market for the asset orliability (i.e. the market with the greatest volume and level of activity for the asset or liability) or, in the absence of such a market, the most advantageous market available to the entity at the end of thereporting period (i.e. the market that maximises the receipts from the sale of the asset after taking into account transaction costs and transport costs).

For non-financial assets, the fair value measurement also takes into account a market participant’s ability to use the asset in its highest and best use or to sell it to another market participant that would use the asset in its highest and best use.

Fair value hierarchyAASB 13 requires the disclosure of fair value information by level of the fair value hierarchy, which categorises fair value measurement into one of three possible levels based on the lowest level that an input that is significant to the measurement can be categorised into as follows:

Level 1Measurements based on quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date.

Level 2Measurements based on inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly.

Level 3Measurements based on unobservable inputs for the asset or liability.

The fair values of assets and liabilities that are not traded in an active market are determined using one or more valuation techniques. These valuation techniques maximise, to the extent possible, the use of observable market data. If all significant inputs required to measure fair value are observable, the asset or liability is included in Level 2. If one or more significant inputs are not based on observable market data, the asset or liability is included in Level 3.

Valuation techniquesThe City selects a valuation technique that is appropriate in the circumstances and for which sufficientdata is available to measure fair value. The availability of sufficient and relevant data primarily depends on the specific characteristics of the asset or liability being measured. The valuation techniques selected bythe City are consistent with one or more of the following valuation approaches:

Market approachValuation techniques that use prices and other relevant information generated by market transactions for identical or similar assets or liabilities.

NOTES TO AND FORMING PART OF THE FINANCIAL REPORTFOR THE YEAR ENDED 30TH JUNE 2015


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(g) Fair Value of Assets and Liabilities (Continued)Valuation techniques (Continued)

Income approachValuation techniques that convert estimated future cash flows or income and expenses into a single discounted present value.

Cost approachValuation techniques that reflect the current replacement cost of an asset at its current service capacity.

Each valuation technique requires inputs that reflect the assumptions that buyers and sellers would use when pricing the asset or liability, including assumptions about risks. When selecting a valuation technique, the City gives priority to those techniques that maximise the use of observable inputs and minimise the use of unobservable inputs. Inputs that are developed using market data (such as publicly available information on actual transactions) and reflect the assumptions that buyers and sellers wouldgenerally use when pricing the asset or liability are considered observable, whereas inputs for which market data is not available and therefore are developed using the best information available about such assumptions are considered unobservable.

As detailed above, the mandatory measurement framework imposed by the Local Government (Financial Management) Regulations requires, as a minimum, all assets carried at a revalued amount to be revalued at least every 3 years.

(h) Financial Instruments

Initial recognition and measurementFinancial assets and financial liabilities are recognised when the City becomes a party to thecontractual provisions to the instrument. For financial assets, this is equivalent to the date that the City commits itself to either the purchase or sale of the asset (i.e. trade date accounting isadopted).

Financial instruments are initially measured at fair value plus transaction costs, except where the instrument is classified 'at fair value through profit or loss', in which case transaction costs are expensed to profit or loss immediately.

Classification and subsequent measurementFinancial instruments are subsequently measured at fair value, amortised cost using the effective interest rate method, or at cost.

Amortised cost is calculated as:

(a) the amount in which the financial asset or financial liability is measured at initial recognition;

(b) less principal repayments and any reduction for impairment; and

(c) plus or minus the cumulative amortisation of the difference, if any, between the amount initially recognised and the maturity amount calculated using the effective interest rate method.

The effective interest method is used to allocate interest income or interest expense over the relevant period and is equivalent to the rate that discounts estimated future cash payments or receipts (including fees, transaction costs and other premiums or discounts) through the expected life (or when this cannot be reliably predicted, the contractual term) of the financial instrument to the net carrying amount of the financial asset or financial liability. Revisions to expected future net cash flows will necessitate an adjustment to the carrying value with a consequential recognition of an income or expense in profit or loss.



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(h) Financial Instruments (Continued)

Classification and subsequent measurement (continued)

(i) Financial assets at fair value through profit and loss Financial assets are classified at “fair value through profit or loss” when they are held for trading for the purpose of short-term profit taking. Such assets are subsequently measured at fair value with changes in carrying amount being included in profit or loss. Assets in this category are classified as current assets.

(ii) Loans and receivables Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market and are subsequently measured at amortised cost. Gains or losses are recognised in profit or loss.

Loans and receivables are included in current assets where they are expected to mature within 12 months after the end of the reporting period.

(iii) Held-to-maturity investments Held-to-maturity investments are non-derivative financial assets with fixed maturities and fixed or determinable payments that the City has the positive intention and ability to hold to maturity. Theyare subsequently measured at amortised cost. Gains or losses are recognised in profit or loss.

Held-to-maturity investments are included in non-current assets, where they are expected to mature within 12 months after the end of the reporting period. All other investments are classified as non-current.

(iv) Available-for-sale financial assets Available-for-sale financial assets are non-derivative financial assets that are either not suitable to be classified into other categories of financial assets due to their nature, or they are designated as such by management. They comprise investments in the equity of other entities where there is neither a fixed maturity nor fixed or determinable payments.

They are subsequently measured at fair value with changes in such fair value (i.e. gains or losses) recognised in other comprehensive income (except for impairment losses). When the financial asset is derecognised, the cumulative gain or loss pertaining to that asset previously recognised in other comprehensive income is reclassified into profit or loss.

Available-for-sale financial assets are included in current assets, where they are expected to be sold within 12 months after the end of the reporting period. All other available-for-sale financial assets are classified as non-current.

(v) Financial liabilitiesNon-derivative financial liabilities (excluding financial guarantees) are subsequently measured at amortised cost. Gains or losses are recognised in profit or loss.



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(h) Financial Instruments (Continued)

ImpairmentA financial asset is deemed to be impaired if, and only if, there is objective evidence of impairment asa result of one or more events (a “loss event”) having occurred, which will have an impact on the estimated future cash flows of the financial asset(s).

In the case of available-for-sale financial assets, a significant or prolonged decline in the market value of the instrument is considered a loss event. Impairment losses are recognised in profit or loss immediately. Also, any cumulative decline in fair value previously recognised in other comprehensive income is reclassified to profit or loss at this point.

In the case of financial assets carried at amortised cost, loss events may include: indications that the debtors or a group of debtors are experiencing significant financial difficulty, default or delinquency in interest or principal payments; indications that they will enter bankruptcy or other financial reorganisation; and changes in arrears or economic conditions that correlate with defaults.

For financial assets carried at amortised cost (including loans and receivables), a separate allowance account is used to reduce the carrying amount of financial assets impaired by credit losses. After having taken all possible measures of recovery, if management establishes that the carrying amount cannot be recovered by any means, at that point the written-off amounts are charged to the allowance account or the carrying amount of impaired financial assets is reduced directly if no impairment amount was previously recognised in the allowance account.

DerecognitionFinancial assets are derecognised where the contractual rights to receipt of cash flows expire or theasset is transferred to another party whereby the City no longer has any significant continualinvolvement in the risks and benefits associated with the asset.

Financial liabilities are derecognised where the related obligations are discharged, cancelled or expired. The difference between the carrying amount of the financial liability extinguished or transferred to another party and the fair value of the consideration paid, including the transfer of non-cash assets or liabilities assumed, is recognised in profit or loss.

(i) Impairment of AssetsIn accordance with Australian Accounting Standards the City's assets, other than inventories,are assessed at each reporting date to determine whether there is any indication they may be impaired.

Where such an indication exists, an impairment test is carried out on the asset by comparing the recoverable amount of the asset, being the higher of the asset's fair value less costs to sell and value in use, to the asset's carrying amount.

Any excess of the asset's carrying amount over its recoverable amount is recognised immediately in profit or loss, unless the asset is carried at a revalued amount in accordance with another Standard (e.g. AASB 116) whereby any impairment loss of a revalued asset is treated as a revaluation decrease in accordance with that other Standard.

For non-cash generating assets such as roads, drains, public buildings and the like, value in use isrepresented by the depreciated replacement cost of the asset.

(j) Trade and Other PayablesTrade and other payables represent liabilities for goods and services provided to the City prior to theend of the financial year that are unpaid and arise when the City becomes obliged to make futurepayments in respect of the purchase of these goods and services. The amounts are unsecured, are recognised as a current liability and are normally paid within 30 days of recognition.



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(k) Employee BenefitsShort-term employee benefits Provision is made for the City’s obligations for short-term employee benefits. Short-term employeebenefits are benefits (other than termination benefits) that are expected to be settled wholly before 12 months after the end of the annual reporting period in which the employees render the related service, including wages, salaries and sick leave. Short-term employee benefits are measured at the (undiscounted) amounts expected to be paid when the obligation is settled.

The City’s obligations for short-term employee benefits such as wages, salaries and sick leave arerecognised as a part of current trade and other payables in the statement of financial position. The City’s obligations for employees’ annual leave and long service leave entitlements are recognised asprovisions in the statement of financial position.

Other long-term employee benefitsProvision is made for employees’ long service leave and annual leave entitlements not expected to be settled wholly within 12 months after the end of the annual reporting period in which the employees render the related service. Other long-term employee benefits are measured at the present value of the expected future payments to be made to employees. Expected future payments incorporate anticipated future wage and salary levels, durations of service and employee departures and are discounted at rates determined by reference to market yields at the end of the reporting period on government bonds that have maturity dates that approximate the terms of the obligations. Any remeasurements for changes in assumptions of obligations for other long-term employee benefits are recognised in profit or loss in the periods in which the changes occur.

The City’s obligations for long-term employee benefits are presented as non-current provisions in its statement of financial position, except where the City does not have an unconditional right to defer settlement for at least 12 months after the end of the reporting period, in which case the obligations are presented as current provisions.

(l) Borrowing CostsBorrowing costs are recognised as an expense when incurred except where they are directly attributable to the acquisition, construction or production of a qualifying asset. Where this is the case, they are capitalised as part of the cost of the particular asset until such time as the asset is substantially ready for its intended use or sale.

(m) ProvisionsProvisions are recognised when the City has a present legal or constructive obligation, as a result of past events, for which it is probable that an outflow of economic benefits will result and that outflow can be reliably measured.

Provisions are measured using the best estimate of the amounts required to settle the obligation at the end of the reporting period.

(n) LeasesLeases of fixed assets where substantially all the risks and benefits incidental to the ownership of the asset, but not legal ownership, are transferred to the City, are classified as finance leases.

Finance leases are capitalised recording an asset and a liability at the lower amounts equal to the fair value of the leased property or the present value of the minimum lease payments, including anyguaranteed residual values. Lease payments are allocated between the reduction of the lease liabilityand the lease interest expense for the period.

Leased assets are depreciated on a straight line basis over the shorter of their estimated useful lives or the lease term.

Lease payments for operating leases, where substantially all the risks and benefits remain with thelessor, are charged as expenses in the periods in which they are incurred.

Lease incentives under operating leases are recognised as a liability and amortised on a straight linebasis over the life of the lease term.



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(o) Investment in AssociatesAn associate is an entity over which the City has significant influence. Significant influence is the power to participate in the financial operating policy decisions of that entity but is not control or joint control of those policies. Investments in associates are accounted for in the financial statements by applying the equity method of accounting, whereby the investment is initially recognised at cost and adjusted thereafter for the post-acquisition change in the City’s share of net assets of the associate.In addition, the City’s share of the profit or loss of the associate is included in the City’s profit or loss.

The carrying amount of the investment includes, where applicable, goodwill relating to the associate. Any discount on acquisition, whereby the City’s share of the net fair value of the associate exceedsthe cost of investment, is recognised in profit or loss in the period in which the investment is acquired.

Profits and losses resulting from transactions between the City and the associate are eliminated tothe extent of the City’s interest in the associate.

When the City’s share of losses in an associate equals or exceeds its interest in the associate, theCity discontinues recognising its share of further losses unless it has incurred legal or constructiveobligations or made payments on behalf of the associate. When the associate subsequently makes profits, the City will resume recognising its share of those profits once its share of the profits equalsthe share of the losses not recognised.

(p) Interests in Joint ArrangementsJoint arrangements represent the contractual sharing of control between parties in a business venture where unanimous decisions about relevant activities are required.

Separate joint venture entities providing joint venturers with an interest to net assets are classified as a joint venture and accounted for using the equity method. Refer to note 1(o) for a description of the equity method of accounting.

Joint venture operations represent arrangements whereby joint operators maintain direct interests in each asset and exposure to each liability of the arrangement. The City’s interests in the assets,liabilities, revenue and expenses of joint operations are included in the respective line items of the financial statements. Information about the joint ventures is set out in Note 16.

(q) Rates, Grants, Donations and Other ContributionsRates, grants, donations and other contributions are recognised as revenues when the local government obtains control over the assets comprising the contributions.

Control over assets acquired from rates is obtained at the commencement of the rating period or, where earlier, upon receipt of the rates.

Where contributions recognised as revenues during the reporting period were obtained on the condition that they be expended in a particular manner or used over a particular period, and those conditions were undischarged as at the reporting date, the nature of and amounts pertaining to those undischarged conditions are disclosed in Note 2(c) . That note also discloses the amount of contributions recognisedas revenues in a previous reporting period which were obtained in respect of the local government's operations for the current reporting period.

(r) SuperannuationThe City contributes to a number of Superannuation Funds on behalf of employees. All funds towhich the City contributes are defined contribution plans.



Page 19



(s) Current and Non-Current ClassificationIn the determination of whether an asset or liability is current or non-current, consideration is given to the time when each asset or liability is expected to be settled. The asset or liability is classified as current if it is expected to be settled within the next 12 months, being the City’s operational cycle. In the caseof liabilities where the City does not have the unconditional right to defer settlement beyond 12 months,such as vested long service leave, the liability is classified as current even if not expected to be settled within the next 12 months. Inventories held for trading are classified as current even if not expected to be realised in the next 12 months except for land held for sale where it is held as non-current based on the City’s intentions to release for sale.

(t) Rounding Off FiguresAll figures shown in this annual financial report, other than a rate in the dollar, are rounded to the nearest dollar.

(u) Comparative FiguresWhere required, comparative figures have been adjusted to conform with changes in presentation for the current financial year.

When the City applies an accounting policy retrospectively, makes a retrospective restatement or reclassifies items in its financial statement, an additional (third) statement of financial position as at thebeginning of the preceding period in addition to the minimum comparative financial statements ispresented.

(v) Budget Comparative FiguresUnless otherwise stated, the budget comparative figures shown in this annual financial report relate to the original budget estimate for the relevant item of disclosure.



Page 20


CIT

Y O

F K

ALG

OO

RLI

E-B

OU

LDER

NO

TES

TO A

ND

FO

RM

ING

PAR

T O

F TH

E FI

NAN

CIA

L R

EPO

RT

FOR

TH

E YE

AR E

ND

ED 3

0TH

JU

NE

2015

1. S

IGN

IFIC

ANT

ACC

OU

NTI

NG

PO

LIC

IES

(Con

tinue

d)

(w)

New

Acc

ount

ing

Stan

dard

s an

d In

terp

reta

tions

for A

pplic

atio

n in

Fut

ure

Perio

ds

Man

agem

ent's

ass

essm

ent o

f the

new

and

am

ende

d pr

onou

ncem

ents

that

are

rele

vant

to th

e C

ity, a

pplic

able

to fu

ture

repo

rting

per

iods

and

whi

ch h

ave

not y

etbe

en a

dopt

ed a

re s

et o

ut a

s fo

llow

s:

Title

Issu

ed /

Com

pile

dAp

plic

able

(1)

Impa

ct

(i)

AA

SB

9 F

inan

cial

Inst

rum

ents

Dec

embe

r 201

41

Janu

ary

2018

Nil

– Th

e ob

ject

ive

of th

is S

tand

ard

is to

impr

ove

and

sim

plify

the

(inco

rpor

atin

g A

AS

B 2

014-

7 an

dap

proa

ch fo

r cla

ssifi

catio

n an

d m

easu

rem

ent o

f fin

anci

al a

sset

sA

AS

B 2

014-

8)co

mpa

red

with

the

requ

irem

ents

of A

AS

B 1

39.

Giv

en th

e na

ture

of

the

finan

cial

ass

ets

of th

e C

ity, i

t is

not a

ntic

ipat

ed th

e S

tand

ard

will

hav

e an

y m

ater

ial e

ffect

.

(ii)

AA

SB

201

0-7

Am

endm

ents

S

epte

mbe

r 201

21

Janu

ary

2018

Nil

- The

revi

sion

s em

bodi

ed in

this

Sta

ndar

d gi

ve e

ffect

to th

e to

Aus

tralia

n A

ccou

ntin

g co

nseq

uent

ial c

hang

es a

risin

g fro

m th

e is

suan

ce o

f AA

SB

9 w

hich

is

Sta

ndar

ds a

risin

g fro

m A

AS

B 9

no

t ant

icip

ated

to h

ave

any

mat

eria

l effe

ct o

n th

e C

ity (r

efer

(i)

(Dec

embe

r 201

0)ab

ove)

.

[AA

SB

1, 3

, 4, 5

, 7, 1

01, 1

02,

108,

112

, 118

, 120

, 121

, 127

, 12

8, 1

31, 1

32, 1

36, 1

37, 1

39, 1

023

&

1038

and

Inte

rpre

tatio

ns 2

, 5, 1

0, 1

2, 1

9 &

12

7]

(iii)

AA

SB

15

Rev

enue

from

Con

tract

s w

ith

Dec

embe

r 201

41

Janu

ary

2017

This

Sta

ndar

d es

tabl

ishe

s pr

inci

ples

for e

ntiti

es to

app

ly to

repo

rtC

usto

mer

sus

eful

info

rmat

ion

to u

sers

of f

inan

cial

sta

tem

ents

abo

ut th

e na

ture

,am

ount

, tim

ing

and

unce

rtain

ty o

f rev

enue

and

cas

h flo

ws

aris

ing

from

a c

ontra

ct w

ith a

cus

tom

er.

The

effe

ct o

f thi

s S

tand

ard

will

dep

end

upon

the

natu

re o

f fut

ure

trans

actio

ns th

e C

ity h

as w

ith th

ose

third

par

ties

it ha

s de

alin

gsw

ith. I

t may

or m

ay n

ot b

e si

gnifi

cant

.

The

AA

SB

has

issu

ed a

num

ber o

f new

and

am

ende

d A

ccou

ntin

g S

tand

ards

and

Inte

rpre

tatio

ns th

at h

ave

man

dato

ry a

pplic

atio

n da

tes

for f

utur

e re

porti

ng p

erio

ds,

som

e of

whi

ch a

re re

leva

nt to

the

City

.

Pag

e 21


CIT

Y O

F K

ALG

OO

RLI

E-B

OU

LDER

NO

TES

TO A

ND

FO

RM

ING

PAR

T O

F TH

E FI

NAN

CIA

L R

EPO

RT

FOR

TH

E YE

AR E

ND

ED 3

0TH

JU

NE

2015

1. S

IGN

IFIC

ANT

ACC

OU

NTI

NG

PO

LIC

IES

(Con

tinue

d)

(w)

New

Acc

ount

ing

Stan

dard

s an

d In

terp

reta

tions

for A

pplic

atio

n in

Fut

ure

Perio

ds (C

ontin

ued)

Title

Issu

ed /

Com

pile

dAp

plic

able

(1)

Impa

ct

(iv)

AA

SB

201

3-9

Am

endm

ents

to A

ustra

lian

Dec

embe

r 201

3R

efer

title

col

umn

Par

t C o

f thi

s S

tand

ard

mak

es c

onse

quen

tial a

men

dmen

ts to

Acc

ount

ing

Sta

ndar

ds -

Con

cept

ual

AA

SB

9 a

nd n

umer

ous

othe

r Sta

ndar

ds a

nd a

men

ds th

e Fr

amew

ork,

Mat

eria

lity

and

Fina

ncia

l pe

rmis

sion

s ar

ound

cer

tain

app

licat

ions

rela

ting

to fi

nanc

ial

Inst

rum

ents

liabi

litie

s re

issu

ed a

t fai

r val

ue.

[Ope

rativ

e da

te: P

art C

Fin

anci

al

As

the

bulk

of c

hang

es re

late

eith

er to

edi

toria

l or r

efer

ence

cha

nges

Inst

rum

ents

- 1

Janu

ary

2015

]it

is n

ot e

xpec

ted

to h

ave

a si

gnifi

cant

impa

ct o

n th

e C

ity.

(v)

AA

SB

201

4-3

Am

endm

ents

to A

ustra

lian

Aug

ust 2

014

1 Ja

nuar

y 20

16Th

is S

tand

ard

amen

ds A

AS

B 1

1: J

oint

Arr

ange

men

ts to

requ

ire th

eA

ccou

ntin

g S

tand

ards

- A

ccou

ntin

g fo

r ac

quire

r of a

n in

tere

st (b

oth

initi

al a

nd a

dditi

onal

) in

a jo

int o

pera

tion

Acq

uisi

tions

of I

nter

ests

in J

oint

Ope

ratio

nsin

whi

ch th

e ac

tivity

con

stitu

tes

a bu

sine

ss, a

s de

fined

in A

AS

B 3

:B

usin

ess

Com

bina

tions

, to

app

ly a

ll of

the

prin

cipl

es o

n bu

sine

ss[A

AS

B 1

& A

AS

B 1

1]co

mbi

natio

ns a

ccou

ntin

g in

AA

SB

3 a

nd o

ther

Aus

tralia

n A

ccou

ntin

g S

tand

ards

exc

ept f

or th

ose

prin

cipl

es th

at c

onfli

ct w

ithth

e gu

idan

ce in

AA

SB

11;

and

dis

clos

e th

e in

form

atio

n re

quire

dby

AA

SB

3 a

nd o

ther

Aus

tralia

n A

ccou

ntin

g S

tand

ards

for b

usin

ess

com

bina

tions

.

Sin

ce a

dopt

ion

of th

is S

tand

ard

wou

ld im

pact

onl

y ac

quis

ition

s of

inte

rest

s in

join

t ope

ratio

ns o

n or

afte

r 1 J

anua

ry 2

016,

man

agem

ent b

elie

ves

it is

impr

actic

able

at t

his

stag

e to

pro

vide

are

ason

able

est

imat

e of

suc

h im

pact

on

the

City

's fi

nanc

ial

stat

emen

ts.

(vi)

AA

SB

201

4-4

Am

endm

ents

to A

ustra

lian

A

ugus

t 201

41

Janu

ary

2016

This

Sta

ndar

d am

ends

AA

SB

116

and

AA

SB

138

to e

stab

lish

the

Acc

ount

ing

Sta

ndar

ds -

Cla

rific

atio

n of

pr

inci

ple

for t

he b

asis

of d

epre

ciat

ion

and

amor

tisat

ion

as b

eing

the

Acc

epta

ble

Met

hods

of D

epre

ciat

ion

and

expe

cted

pat

tern

of c

onsu

mpt

ion

of th

e fu

ture

eco

nom

ic b

enef

its o

fA

mor

tisat

ion

an a

sset

. It a

lso

clar

ifies

the

use

of re

venu

e-ba

sed

met

hods

to

calc

ulat

e th

e de

prec

iatio

n of

an

asse

t is

not a

ppro

pria

te n

or is

[AA

SB

116

& 1

38]

reve

nue

gene

rally

an

appr

opria

te b

asis

for m

easu

ring

the

cons

umpt

ion

of th

e ec

onom

ic b

enef

its e

mbo

died

in a

n in

tang

ible

asse

t.

Giv

en th

e C

ity c

uren

tly u

ses

the

expe

cted

pat

tern

of c

onsu

mpt

ion

of

the

futu

re e

cono

mic

ben

efits

of a

n as

set a

s th

e ba

sis

of c

alcu

latio

nof

dep

reci

atio

n, it

is n

ot e

xpec

ted

to h

ave

a si

gnifi

cant

impa

ct.

Pag

e 22


CIT

Y O

F K

ALG

OO

RLI

E-B

OU

LDER

NO

TES

TO A

ND

FO

RM

ING

PAR

T O

F TH

E FI

NAN

CIA

L R

EPO

RT

FOR

TH

E YE

AR E

ND

ED 3

0TH

JU

NE

2015

1. S

IGN

IFIC

ANT

ACC

OU

NTI

NG

PO

LIC

IES

(Con

tinue

d)

(w)

New

Acc

ount

ing

Stan

dard

s an

d In

terp

reta

tions

for A

pplic

atio

n in

Fut

ure

Perio

ds (C

ontin

ued)

Title

Issu

ed /

Com

pile

dAp

plic

able

(1)

Impa

ct

(vii)

AA

SB

201

4-5

Am

endm

ents

to A

ustra

lian

Dec

embe

r 201

41

Janu

ary

2017

Con

sequ

entia

l cha

nges

to v

ario

us S

tand

ards

aris

ing

from

the

Acc

ount

ing

Sta

ndar

ds a

risin

g fro

m A

AS

B 1

5is

suan

ce o

f AA

SB

15.

It w

ill re

quire

cha

nges

to re

flect

the

impa

ct o

f AA

SB

15.

(viii

)A

AS

B 2

015-

2 A

men

dmen

ts to

Aus

tralia

n Ja

nuar

y 20

151

Janu

ary

2016

This

Sta

ndar

d am

ends

AA

SB

101

to p

rovi

de c

larif

icat

ion

rega

rdin

gAc

coun

ting

Stan

dard

s –

Dis

clos

ure

the

disc

losu

re re

quire

men

ts in

AA

SB

101

. Spe

cific

ally

, the

Initi

ativ

e: A

men

dmen

ts to

Sta

ndar

d pr

opos

es n

arro

w-fo

cus

amen

dmen

ts to

add

ress

som

e of

A

AS

B 1

01th

e co

ncer

ns e

xpre

ssed

abo

ut e

xist

ing

pres

enta

tion

and

disc

losu

rere

quire

men

ts a

nd to

ens

ure

entit

ies

are

able

to u

se ju

dgem

ent

[AA

SB

7, 1

01, 1

34 &

104

9]w

hen

appl

ying

a S

tand

ard

in d

eter

min

ing

wha

t inf

orm

atio

n to

disc

lose

in th

eir f

inan

cial

sta

tem

ents

.

This

Sta

ndar

d al

so m

akes

edi

toria

l and

con

sequ

entia

l am

endm

ents

as a

resu

lt of

am

endm

ents

to th

e S

tand

ards

list

ed in

the

title

colu

mn.

It is

not

ant

icip

ated

it w

ill h

ave

any

sign

ifica

nt im

pact

on

disc

losu

res.

(ix)

AA

SB

201

5-3

Am

endm

ents

to A

ustra

lian

Janu

ary

2015

1 Ju

ly 2

015

This

Sta

ndar

d co

mpl

etes

the

with

draw

al o

f ref

eren

ces

to A

AS

B 1

031

Acc

ount

ing

Sta

ndar

ds a

risin

g fro

m th

ein

all

Aus

tralia

n A

ccou

ntin

g S

tand

ards

and

Inte

rpre

tatio

ns, a

llow

ing

with

draw

al o

f AA

SB

103

1 M

ater

ialit

yit

to b

e co

mpl

etel

y w

ithdr

awn.

It is

not

ant

icip

ated

it w

ill h

ave

a si

gnifi

cant

impa

ct a

s th

e pr

inci

ples

of m

ater

ialit

y re

mai

n la

rgel

y un

chan

ged.

Pag

e 23


CIT

Y O

F K

ALG

OO

RLI

E-B

OU

LDER

NO

TES

TO A

ND

FO

RM

ING

PAR

T O

F TH

E FI

NAN

CIA

L R

EPO

RT

FOR

TH

E YE

AR E

ND

ED 3

0TH

JU

NE

2015

1. S

IGN

IFIC

ANT

ACC

OU

NTI

NG

PO

LIC

IES

(Con

tinue

d)

(w)

New

Acc

ount

ing

Stan

dard

s an

d In

terp

reta

tions

for A

pplic

atio

n in

Fut

ure

Perio

ds (C

ontin

ued)

Title

Issu

ed /

Com

pile

dAp

plic

able

(1)

Impa

ct

(x)

AA

SB

201

5-6

Am

endm

ents

to A

ustra

lian

Mar

ch 2

015

1 Ju

ly 2

016

The

obje

ctiv

e of

this

Sta

ndar

d is

to e

xten

d th

e sc

ope

of A

AS

B 1

24A

ccou

ntin

g S

tand

ards

- E

xten

ding

Rel

ated

R

elat

ed P

arty

Dis

clos

ures

to in

clud

e no

t-for

-pro

fit s

ecto

r ent

ities

.P

arty

Dis

clos

ures

to N

ot-fo

r-P

rofit

Pub

licS

ecto

r Ent

ities

The

Sta

ndar

d is

exp

ecte

d to

hav

e a

sign

ifica

nt d

iscl

osur

e im

pact

on

the

finan

cial

repo

rt of

the

City

as

both

Ele

cted

Mem

bers

and

Sen

ior

[AA

SB

10,

124

& 1

049]

Man

agem

ent w

ill b

e de

emed

to b

e K

ey M

anag

emen

t Per

sonn

elan

d re

sulta

nt d

iscl

osur

es w

ill b

e ne

cess

ary.

Not

es:

(1) A

pplic

able

to re

porti

ng p

erio

ds c

omm

enci

ng o

n or

afte

r the

giv

en d

ate.

(x)

Adop

tion

of N

ew a

nd R

evis

ed A

ccou

ntin

g St

anda

rds

AA

SB

201

1-7

AA

SB

201

2-3

AA

SB

201

3-3

AA

SB

201

3-8

AA

SB

201

3-9

Par

ts A

& B

crite

ria o

f IFR

Ss

or re

late

d to

topi

cs n

ot re

leva

nt to

ope

ratio

ns.

and

whi

ch w

ere

appl

icab

le to

its

oper

atio

ns.

or re

porti

ng p

ract

ices

or w

ere

eith

er n

ot a

pplic

able

, lar

gely

edi

toria

l in

natu

re, w

ere

revi

sion

s to

hel

p en

sure

con

sist

ency

with

pre

sent

atio

n, re

cogn

ition

and

mea

sure

men

t

Dur

ing

the

curr

ent y

ear,

the

City

ado

pted

all

of th

e ne

w a

nd re

vise

d A

ustra

lian

Acc

ount

ing

Sta

ndar

ds a

nd In

terp

reta

tions

whi

ch w

ere

com

pile

d, b

ecam

e m

anda

tory

Thes

e ne

w a

nd re

vise

d S

tand

ards

wer

e:

Mos

t of t

he S

tand

ards

ado

pted

had

a m

inim

al e

ffect

on

the

acco

untin

g an

d re

porti

ng p

ract

ices

of t

he C

ity a

s th

ey d

id n

ot h

ave

a si

gnifi

cant

impa

ct o

n th

e ac

coun

ting

Pag

e 24




2. REVENUE AND EXPENSES 2015 2014$ $

(a) Net Result

The Net result includes:

(i) Charging as an expense:

Auditors remuneration- Audit of the annual financial report 40,070 44,500- Assistance with the finalisation of the annual financial report 7,500 9,000- Other services 26,225 17,950

DepreciationBuildings 3,247,713 1,355,599Construction Other than Buildings 42,743 321,253Furniture and Equipment 413,602 971,166Plant and Equipment 1,210,414 1,457,790Light Vehicles 425,707 294,250Investment Properties 552,091 236,358Roads 3,677,749 3,523,440Laneways 1,324 1,324Bus Shelters 3,574 11,311Drainage 98,914 105,459Parking Areas 36,346 57,925Footpaths 354,954 375,720Street Lights 12,961 12,961Parks and Reserves 865,178 324,769Sewerage 1,134,607 907,793Effluent 189,242 187,315Airport 375,123 313,510

12,642,242 10,457,943Interest expenses (finance costs)Debentures (refer Note 21 (a)) 379,207 252,898

379,207 252,898Rental charges- Operating leases 385,188 327,699

385,188 327,699(ii) Crediting as revenue:

Other revenueReimbursements and recoveries 1,780,368 1,858,085Other 388,069 478,537

2,168,437 2,336,622

2015 2015 2014Actual Budget Actual

$ $ $Interest earnings- Reserve funds 751,158 744,878 1,041,834- Other funds 112,560 250,000 120,940Other interest revenue (refer note ) 486,164 414,000 419,091

1,349,882 1,408,878 1,581,865

Page 25




2. REVENUE AND EXPENSES (Continued)

(b) Statement of Objective

operational and financial objectives. These objectives have been established both on an overallbasis, reflected by the City’s Community Vision, and for each of its broad activities/programs.

COMMUNITY VISION

members of the community and enable them to enjoy a pleasant and healthy way of life.

City operations as disclosed in these financial statements encompass the following serviceorientated activities/programs.

GOVERNANCEObjective:

Activities:

GENERAL PURPOSE FUNDINGObjective:

Activities:

LAW, ORDER, PUBLIC SAFETYObjective:

Activities:

HEALTHObjective:

Activities:

EDUCATION AND WELFAREObjective:

Activities:

In order to discharge its responsibilities to the community, the City has developed a set of

The City will endeavour to provide the community services and facilities to meet the needs of the

Rates, general purpose government grants and interest revenue.

To provide a decision making process for the efficient allocation of scarce resources.

Includes the activities of members of council and the administrative support available to thecouncil for the provision of governance of the district. Other costs relate to the task of assistingelected members and ratepayers on matters which do not concern specific council services.

To collect revenue to allow for the provision of services.

To provide services to help ensure a safer and environmentally conscious community.

Supervision and enforcement of various local laws relating to fire prevention, animal control and

To provide an operational framework for environmental and community health.

Inspection of food outlets and their control, provision of meat inspection services, noise control

Maintenance of child minding centre, playgroup centre, senior citizen centre and aged care

and waste disposal compliance.

centre. Provision and maintenance of home and community care programs and youth services.

other aspects of public safety including emergency services.

To provide services to disadvantaged persons, the elderly, children and youth.

Page 26




2. REVENUE AND EXPENSES (Continued)

(b) Statement of Objective (Continued)

COMMUNITY AMENITIESObjective:

Activities:

RECREATION AND CULTUREObjective:

Activities:

TRANSPORTObjective:

Activities:

ECONOMIC SERVICESObjective:

Activities:

OTHER PROPERTY AND SERVICESObjective:

Activities:Private works operation, plant repair and operation costs and engineering operation costs.

To provide services required by the community.

Rubbish collection services, operation of rubbish disposal sites, litter control, construction and

To establish and effectively manage infrastructure and resource which will help the social well being of the community.

Control.

Construction and maintenance of roads, streets, footpaths, depots, cycle ways, parking facilities and traffic control. Cleaning of streets and maintenance of street trees, street lighting etc.

To help promote the City and its economic wellbeing.

Tourism and area promotion including the maintenance and operation of a caravan park.

'To monitor and control City’s overheads operating accounts.

Maintenance of public halls, civic centres, aquatic centre, beaches, recreation centres and

To provide safe, effective and efficient transport services to the community.

various sporting facilities. Provision and maintenance of parks, gardens and playgrounds.Operation of library, museum and other cultural facilities.

Provision of rural services including weed control, vermin control and standpipes. Building

town planning schemes, cemetery and public conveniences.maintenance of urban storm water drains, protection of the environment and administration of

Page 27


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Page

28




Note 2015 2014$ $

3. CASH AND CASH EQUIVALENTS

Unrestricted (1,126,381) (1,360,032)Restricted 27,022,891 28,335,095

25,896,510 26,975,063The following restrictions have been imposed byregulations or other externally imposed requirements:Leave reserve 11 783,949 759,745Plant Replacement Reserve 11 10,600 257,521Building Reserve 11 1,718,508 1,852,901Computer Facilities Reserve 11 1,253,183 1,214,387Sewerage Construction Reserve 11 265,374 257,302Recreation Reserve 11 3,160,208 3,133,461Parking Facilities Reserve 11 725,623 760,049Senior Citizens Projects Reserve 11 768,852 786,653Airport Movement Area Reserve 11 4,978,094 5,428,412Goldfields Oasis Reserve 11 176,503 724,186Aerodrome Reserve 11 2,976,636 2,884,097Revaluation Reserve 11 278,805 125,042Insurance Equalisation Reserve 11 476,572 461,941Town Halls Refurbishment Reserve 11 92,067 89,330Waste Initiatives Reserve 11 95,085 92,264Airport & City Promotions Reserve 11 533,512 576,915Staff Atraction & Retention Reserve 11 4,486 4,361Unspent Grants & Contributions Reserve 11 7,904,206 6,810,488Unspent loans 21(c) 820,628 2,116,040

27,022,891 28,335,095

4 TRADE AND OTHER RECEIVABLESCurrentRates outstanding 2,197,588 1,751,909less Provision for Doubtful Debts (641,986) (494,914)Sundry debtors 6,162,422 5,888,952less Provision for Doubtful Debts (70,418) (70,418)GST receivable 178,450 229,397Loans - clubs/institutions 43,367 63,272Prepayments 80,432 66,745

7,949,855 7,434,943Non-currentRates outstanding - pensioners 403,802 393,396Loans - clubs/institutions 267,956 303,133

671,758 696,529

5 INVENTORIESCurrentFuel and materials 48,276 59,170Goldfields Oasis 32,079 32,827Golf Course 87,696 68,522Goldfields Art Centre 3,668 2,967Land Held for Development - Cost Development Costs 1,185,316 451,180

1,357,035 614,666

Page 29




2015 2014$ $

6 (a). PROPERTY, PLANT AND EQUIPMENT

Land and buildingsFreehold land at: - Independent Valuation 2014 22,271,120 22,271,120

22,271,120 22,271,120

Land vested in and under the control of Council at: - Independent Valuation 2014 8,109,417 8,109,417

8,109,417 8,109,417

30,380,537 30,380,537

Specialised buildings at: - Management valuation 2014 1,579,500 1,579,500 - Management valuation 2014 74,490,387 74,490,387 - Additions after valuation - cost 1,246,217 0Less: accumulated depreciation (3,247,713) 0

74,068,391 76,069,887

Total land and buildings 104,448,928 106,450,424

Work in Progress at: - At cost 0 812,361

0 812,361

Furniture and Equipment at: - Management Valuation 2013 1,911,379 1,911,379 - Additions after valuation - cost 1,269,289 535,141Less accumulated depreciation (978,267) (585,606)

2,202,401 1,860,914

Plant and Equipment at: - Management valuation 2013 1,607,079 1,607,079 - Independant Valuation 2013 2,480,700 2,480,700 - Additions after valuation - cost 8,535,118 8,314,311Less accumulated amortisation (2,459,867) (1,297,222)

10,163,030 11,104,868

Light Vehicles at: - Management valuation 2013 1,853,520 1,853,520 - Independant Valuation 2013 228,000 228,000 - Additions after valuation - cost 1,048,748 823,211Less accumulated depreciation (495,596) (307,585)

2,634,672 2,597,146

119,449,031 122,825,713

The fair value of property, plant and equipment is determined at least every three years in accordancewith legislative requirements. Additions since the date of valuation are shown as cost, given they were acquired at arms length and any accumulated depreciation reflects the usage of service potential, it is considered the recorded written down value approximates fair value. At the end of eachintervening period the valuation is reviewed and where appropriate the fair value is updated toreflect current market conditions. This process is considered to be in accordance with Local Government (Financial Management) Regulation 17A (2) which requires property, plant and equipment to be shown at fair value.

Page 30


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Pag

e 32




2015 2014$ $

6A (a). INVESTMENT PROPERTY

Land at: - Independent Valuation 2014 3,405,000 3,405,000

3,405,000 3,405,000

Buildings at: - Management Valuation 2014 1,250,000 1,250,000 - Independent Valuation 2014 7,955,000 7,955,000 - Additions after Valuation - cost 381,760Less Accumulated Depreciation (552,091) 0

9,034,669 9,205,000

Total Investment Property 12,439,669 12,610,000

(b). Movements in Carrying Amounts

Movement in the carrying amounts of each class of infrastructure between the beginningand the end of the current financial year.

Land Buildings Buildings(Level 2) (Level 2) (Level 3) Total

$ $ $ $

Balance at the beginning of the year 3,405,000 7,955,000 1,250,000 12,610,000

Additions 0 344,430 37,330 381,760

Depreciation (Expense) 0 (502,543) (49,548) (552,091)

Carrying amount at the end of year 3,405,000 7,796,887 1,237,782 12,439,669

Page 33




2015 2014$ $

7 (a). INFRASTRUCTURE

Construction Other than Buildings - Management valuation 2015 1,628,140 0 - Cost 0 16,823,626Less accumulated depreciation (481,856) (5,079,791)

1,146,284 11,743,835

Roads - Management valuation 2015 241,327,576 0 - Cost 0 182,341,798Less accumulated depreciation 0 (90,218,351)

241,327,576 92,123,447

Laneways - Management valuation 2015 861,449 0 - Cost 0 66,206Less accumulated depreciation 0 (55,612)

861,449 10,594

Bus Shelters - Management valuation 2015 98,573 0 - Cost 0 282,880Less accumulated depreciation 0 (247,162)

98,573 35,718

Drainage - Independent valuation 2015 15,975,691 0 - Cost 0 8,303,768Less accumulated depreciation 0 (3,564,481)

15,975,691 4,739,287

Parking Areas - Management valuation 2015 1,278,968 0 - Cost 0 3,997,275Less accumulated depreciation 0 (603,638)

1,278,968 3,393,637

Footpaths - Management valuation 2015 19,030,638 0 - Cost 0 15,720,378Less accumulated depreciation 0 (6,255,306)

19,030,638 9,465,072

Page 34




2015 2014$ $

7 (a). INFRASTRUCTURE

Street Lights - Management valuation 2015 375,228 0 - Cost 0 324,043Less accumulated depreciation 0 (138,731)

375,228 185,312

Parks and Reserves - Independent valuation 2015 16,325,700 0 - Items under construction - cost 8,701,074 0 - Cost 0 17,468,536Less accumulated depreciation (2,213,065)

25,026,774 15,255,471

Sewerage - Independent valuation 2015 46,078,280 0 - Cost 0 42,688,491Less accumulated depreciation 0 (24,319,940)

46,078,280 18,368,551

Effluent - Independent valuation 2015 6,715,000 0 - Cost 0 8,510,699Less accumulated depreciation 0 (3,838,429)

0 06,715,000 4,672,270

Airport 0 0 - Independent valuation 2015 22,125,000 0 - Items under construction - cost 134,568 0 - Cost 0 12,802,423Less accumulated depreciation 0 (8,583,506)

22,259,568 4,218,917

Water Conservation - Independent valuation 2015 3,557,000 0 - Cost 0 5,409,214Less accumulated depreciation 0 0

3,557,000 5,409,214

383,731,029 169,621,325

The fair value of infrastructure is determined at least every three years in accordance with legislative requirements. Additions since the date of valuation are shown as cost. Given they were acquired at arms length and any accumulated depreciation reflects the usage of service potential, it is considered the recorded written down value approximates fair value. At the end of eachintervening period the valuation is reviewed and, where appropriate, the fair value is updated toreflect current market conditions.

This process is considered to be in accordance with Local Government (Financial Management)Regulation 17A (2) which requires infrastructure to be shown at fair value.

Page 35


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Page

36


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2015 2014$ $

8. TRADE AND OTHER PAYABLES

CurrentSundry creditors 5,831,161 7,227,690Accrued interest on debentures 23,932 20,772Accrued salaries and wages 619,277 614,565Other Payables 126,925 9,782

6,601,295 7,872,809

9. LONG-TERM BORROWINGS

CurrentSecured by floating charge Debentures 883,045 1,357,288

883,045 1,357,288

Non-currentSecured by floating charge Debentures 12,049,594 7,232,639

12,049,594 7,232,639

Additional detail on borrowings is provided in Note 21.

10. PROVISIONSProvision for Provision for Provision for

Annual Long Service Carbon TaxLeave Leave Leave Total

$ $ $ $Opening balance at 1 July 2014Provisions 1,758,288 1,165,620 85,000 3,008,908

1,758,288 1,165,620 85,000 3,008,908

Additional provision/(Amount Used) 213,308 892,454 (85,000) 1,020,762Balance at 30 June 2015 1,971,596 2,058,074 0 4,029,670

ComprisesCurrent 1,971,596 1,402,160 0 3,373,756Non-current 0 655,914 0 655,914

1,971,596 2,058,074 0 4,029,670



Page 39


2015 2015 2014$ Budget $

$11. RESERVES - CASH BACKED

(a) Leave ReserveOpening balance 759,745 752,447 731,737Amount set aside / transfer to reserve 24,203 24,000 28,009Amount used / transfer from reserve 0 0 0

783,949 776,447 759,745

(b) Plant Replacement ReserveOpening balance 257,521 244,984 1,701,178Amount set aside / transfer to reserve 1,558,079 1,600,000 58,343Amount used / transfer from reserve (1,805,000) (1,805,000) (1,502,000)

10,600 39,984 257,521

(c) Building ReserveOpening balance 1,852,901 2,079,759 2,022,600Amount set aside / transfer to reserve 57,861 60,000 74,099Amount used / transfer from reserve (192,254) (580,000) (243,798)

1,718,508 1,559,759 1,852,901

(d) Computer Facilities ReserveOpening balance 1,214,387 1,204,367 1,171,299Amount set aside / transfer to reserve 38,796 35,000 43,088Amount used / transfer from reserve 0 0 0

1,253,183 1,239,367 1,214,387

(e) Sewerage Construction ReserveOpening balance 257,302 255,209 248,184Amount set aside / transfer to reserve 8,072 8,000 9,118Amount used / transfer from reserve 0 0 0

265,374 263,209 257,302

(f) Recreation ReserveOpening balance 3,133,461 3,125,796 3,582,344Amount set aside / transfer to reserve 97,976 93,906 131,101Amount used / transfer from reserve (71,229) (1,800,000) (579,984)

3,160,208 1,419,702 3,133,461

(g) Parking Facilities ReserveOpening balance 760,049 819,790 808,892Amount set aside / transfer to reserve 23,574 36,238 30,804Amount used / transfer from reserve (58,000) (56,000) (79,647)

725,623 800,028 760,049

(h) Senior Citizens Projects ReserveOpening balance 786,653 780,320 758,842Amount set aside / transfer to reserve 25,149 33,834 27,811Amount used / transfer from reserve (42,950) 0 0

768,852 814,154 786,653

(i) Airport Movement Area ReserveOpening balance 5,428,412 5,602,814 5,461,683Amount set aside / transfer to reserve 148,440 180,000 199,705Amount used / transfer from reserve (598,758) (1,669,636) (232,976)

4,978,094 4,113,178 5,428,412

(j) Goldfields Oasis ReserveOpening balance 724,186 721,100 705,077Amount set aside / transfer to reserve 20,317 10,000 19,109Amount used / transfer from reserve (568,000) (568,000) 0

176,503 163,100 724,186



Page 40




11. RESERVES - CASH BACKED (CONTINUED)2015 2015 2014

$ Budget $$

(k) Aerodrome ReserveOpening balance 2,884,097 2,860,797 2,782,275Amount set aside / transfer to reserve 92,539 100,000 101,822Amount used / transfer from reserve 0 0 0

2,976,636 2,960,797 2,884,097

(l) Revaluation ReserveOpening balance 125,042 263,841 120,432Amount set aside / transfer to reserve 153,763 155,000 4,610Amount used / transfer from reserve 0 0 0

278,805 418,841 125,042

(m) Insurance Equalisation ReserveOpening balance 461,941 457,505 444,912Amount set aside / transfer to reserve 14,631 13,000 17,029Amount used / transfer from reserve 0 0 0

476,572 470,505 461,941

(n) Town Halls Refurbishment ReserveOpening balance 89,330 88,473 86,037Amount set aside / transfer to reserve 2,737 2,400 3,293Amount used / transfer from reserve 0 (90,000) 0

92,067 873 89,330

(o) Waste Initiatives ReserveOpening balance 92,264 91,378 88,862Amount set aside / transfer to reserve 2,821 3,500 3,402Amount used / transfer from reserve 0 0 0

95,085 94,878 92,264

(p) Airport & City Promotions ReserveOpening balance 576,915 571,407 565,404Amount set aside / transfer to reserve 18,005 15,000 21,511Amount used / transfer from reserve (61,408) (150,000) (10,000)

533,512 436,407 576,915

(q) Staff Atraction & Retention ReserveOpening balance 4,361 491 463,769Amount set aside / transfer to reserve 125 0 16,958Amount used / transfer from reserve 0 0 (476,366)

4,486 491 4,361

(r) Unspent Grants & Contributions ReserveOpening balance 6,810,488 5,770,624 6,892,849Amount set aside / transfer to reserve 3,878,062 75,000 1,129,250Amount used / transfer from reserve (2,784,344) (2,471,640) (1,211,611)

7,904,206 3,373,984 6,810,488

TOTAL RESERVES 26,202,263 18,945,704 26,219,055

Total Opening balance 26,219,055 25,691,102 28,636,376Total Amount set aside / transfer to reserve 6,165,151 2,444,878 1,919,061Total Amount used / transfer from reserve (6,181,943) (9,190,276) (4,336,382)TOTAL RESERVES 26,202,263 18,945,704 26,219,055

All of the reserve accounts are supported by money held in financial institutions and match theamount shown as restricted cash in Note 3 to this financial report.

Page 41




11. RESERVES - CASH BACKED (CONTINUED)

In accordance with council resolutions in relation to each reserve account, the purpose for whichthe funds are set aside are as follows:

(a) Leave Reserve

(b) Plant Replacement Reserve

(c) Building Reserve

(d) Computer Facilities Reserve

(e) Sewerage Construction Reserve

(f) Recreation Reserve

(g) Parking Facilities Reserve

contribution by the City.

(h) Senior Citizens Projects Reserve

(i) Airport Movement Area Reserve

(j) Goldfields Oasis Reserve

(k) Aerodrome Reserve

subsidisation of operations at the Airport which are not included in the Airport Movement AreaReplacement Reserve.

This Reserve has been established to enable emergency funding of IT requirements and is replenished from time to time.

As part of the Sewerage Rate (Specified Area Rate), Council has provided for the ongoing construction and future replacement of the sewerage lines as well as any other initiatives that may present themselves.

This Reserve is maintained to finance payments to staff fr Long Service Leave. It is funded from alloations in Annual budgets by amounts calculated to be necessary from time to time.

As part of Council's forward planning, a five (5) year Plant Replacement Program is maintained and amounts calculated as necessary to ensure the funding of replacements are transferred annually.

This Reserve is to assist funding of building projects and any major structural repairs to existing assets. It has been replenished from the sale of Council owned land and buildings.

Annual allocations to provide for future recreational needs of residents has allowed a substantial Reserve to be created. It may be utilised for future reserves, ovals, or any recreational projects Council deems necessary.

This Reserve is funded from Airport Operations and was established for the replacement/

opportunities as they arise. It has been funded by developer payments and a one-off

This Reserve was created to meet any requirements the Community Centre may have from timeto time. It funded the extensions in 1996/97 and is currently being re-assessed.

replenishment of the Movement Area Infrastructure.

Goldfields Oasis.A Reserve was established in 1999/2000 by contributions from various sources to improve the

A Reserve was established in 2002/2003 to facilitate the replacement of assets and the

The parking needs of the City are becoming more obvious and this Reserve is maintained to meet

Page 42


11. RESERVES - CASH BACKED (CONTINUED)

(l) Revaluation Reserve

(m) Insurance Equalisation Reserve

(n) Town Halls Refurbishment Reserve

(o) Waste Initiatives Reserve

(p) Airport and City Promotions Reserve

(q) Staff Retention and Attraction Reserve

(r) Unspent Grants & Contributions Reserve

12. REVALUATION SURPLUS 2015 2014Revaluation surpluses have arisen on $ $revaluation of the following classes ofnon-current assets:

(a) LandOpening balance 20,749,284 0Revaluation increment 20,749,284

20,749,284 20,749,284

(b) BuildingsOpening balance 30,415,342 0Revaluation increment 0 30,415,342

30,415,342 30,415,342

(c) Investment PropertyOpening balance 6,669,053 0Revaluation increment 0 6,669,053

6,669,053 6,669,053

(d) Plant and EquipmentOpening balance 137,555 137,555Revaluation increment 0 0

137,555 137,555

Workplace agreement adopted and introduced in December 2006 and renewed in December 2011.

A reserve created in 2007/2008 to transfer unspend grants and contribution to as at 30th June eachyear in order to keep more control over these restricted funds.

The Unspent Grants reserve is expected to be utilised in 2015/2016. All other Reserves are not expected to be used within a set period as further transfers to the reserve accounts are expected as funds are utilised.

A Reserve account was established in 2004/2005 to allow for future maintenance, refurbishmentupgrading and heritage development of the Kalgoorlie and Boulder Town Halls.

A Reserve account was established in 2005/2006 to allow council to promote the City of Kalgoorlie Boulder and the Kalgoorlie Boulder Airport.

A reserve account was established in 2006/2007 to assist the council in the implementation of the

A reserve account was established in 2009/2010 assist in the 4 yearly expense of revaluations.



A Reserve account was established in 2004/2005 to allow for future maintenance, refurbishment

A Reserve account was established in 2003/2004 from the surplus of budget to actual for the City'sWorkers Compensation policy.

Government subsidy of $50% has now been removed.

upgrading and heritage development of the Kalgoorlie and Boulder Town Halls.

Page 43



FOR THE YEAR ENDED 30TH JUNE 20152015 2014

$ $(e) Roads

Opening balance 0 0Revaluation increment 147,117,260 0

147,117,260 0(f) Laneways

Opening balance 0 0Revaluation increment 852,179 0

852,179 0

(g) Bus SheltersOpening balance 0 0Revaluation increment 53022 0

53,022 0

(h) DrainageOpening balance 0 0Revaluation increment 11,623,030 0

11,623,030 0

(i) FootpathsOpening balance 0 0Revaluation increment 11,105,510 0

11,105,510 0

(j) Street LightsOpening balance 0 0Revaluation increment 202,877 0

202,877 0

(k) SewerageOpening balance 0 0Revaluation increment 22,913,947 0

22,913,947 0

(l) EffluentOpening balance 0 0Revaluation increment 2,164,484 0

2,164,484 0

(m) AirportOpening balance 0 0Revaluation increment 16,016,010 0

16,016,010 0

(n) Water ConservationOpening balance 0 0Revaluation increment 2,370,919 0

2,370,919 0

TOTAL ASSET REVALUATION SURPLUS 272,390,471 57,971,234

Page 44




13. NOTES TO THE STATEMENT OF CASH FLOWS

(a) Reconciliation of Cash

For the purposes of the Statement of Cash Flows, cash includes cash and cash equivalents,net of outstanding bank overdrafts. Cash at the end of the reporting period is reconciled to therelated items in the Statement of Financial Position as follows:

2015 2015 2014$ Budget $

$

Cash and cash equivalents 25,896,510 16,175,663 26,975,063

(b) Reconciliation of Net Cash Provided ByOperating Activities to Net Result

Net result (7,310,168) 5,419,828 (1,796,110)

Non-cash flows in Net result:Depreciation 12,642,242 10,300,030 10,457,943(Profit)/Loss on sale of asset 106,228 186,783 1,038,010Loss on revaluation of fixed assets 9,128,757 0 0

Changes in assets and liabilities:(Increase)/Decrease in receivables (545,223) 1,330,460 (788,978)(Increase)/Decrease in inventories (8,233) (50,000) (69,430)Increase/(Decrease) in payables (1,271,514) (50,000) (800,985)Increase/(Decrease) in provisions 536,380 50,000 (133,252)

Grants contributions for the development of assets (4,991,888) (7,062,553) (3,836,938)Net cash from operating activities 8,286,581 10,124,548 4,070,260

2015 2014(c) Undrawn Borrowing Facilities $ $

Credit Standby ArrangementsBank overdraft limit 0 0Bank overdraft at balance date 0 0Credit card limit 40,000 40,000Credit card balance at balance date (8,145) (8,286)Total amount of credit unused 31,855 31,714

Loan facilitiesLoan facilities - current 883,045 1,357,288Loan facilities - non-current 12,049,594 7,232,639Total facilities in use at balance date 12,932,639 8,589,927

Unused loan facilities at balance date NIL NIL

Page 45




14. CONTINGENT LIABILITIES

2015 201415. CAPITAL AND LEASING COMMITMENTS $ $

(a) Operating Lease Commitments

Payable:- not later than one year 316,068 257,897- later than one year but not later than five years 416,899 700,200- later than five years 0 0

732,967 958,097

(b) Capital Expenditure Commitments

Contracted for:- capital expenditure projects 2,538,266 12,464,554

Payable:- not later than one year 2,538,266 12,464,554

The City of Kalgoorlie-Boulder has no contingent liabilities as at 30 June 2015.

Non-cancellable operating leases contracted for but not capitalised in the accounts.

The City did not have any future operating lease commitments at the reporting date.

The Capital expenditure projects outstanding are for the Goldfields War Museum and Ray Finlayson Sports Centre element 3.

Page 46




16. JOINT VENTURE ARRANGEMENTS

The City together with the Shires of Coolgardie, Dundas, Esperance, Laverton, Leonora.Menzies, Ngaanyatjarraku, Ravensthorpe, and Wiluna have a joint venture arrangementfor the provision of a regional records service. The assets included in the joint venture recorded at Councils one-tenth share are as follows:

2015 2014$ $

Non-current assetsLand and buildings 75,500 75,500Less: accumulated depreciation (1,887) 0

73,613 75,500

Plant and machinery 12,109 12,109Less: accumulated depreciation (2,778) (1,332)

9,331 10,777

Plant and equipment 8,247 8,247Less: accumulated depreciation (3,493) (1,649)

4,754 6,598

Light vehicles 3,549 3,549Less: accumulated depreciation (1,129) (591)

2,420 2,958

TOTAL ASSETS 90,118 95,833

Page 47




17. TOTAL ASSETS CLASSIFIED BY FUNCTION AND ACTIVITY2015 2014

$ $

Governance 6,299,003 6,164,220Law, order, public safety 931,794 933349Health 446,757 479,332Education and welfare 1,028,227 1,089,222Housing 2,488,396 758,359Community amenities 46,690,604 23,796,581Recreation and culture 107,259,077 91,176,045Transport 300,733,892 118,527,292Economic services 11,457,316 9,627,787Other property and services 12,439,668 16,374,736Unallocated 61,720,153 71,851,316

551,494,887 340,778,239

18. FINANCIAL RATIOS 2015 2014 2013

Current ratio 0.816 0.583 0.682Asset sustainability ratio 0.853 1.117 1.061Debt service cover ratio 0.414 3.904 7.325Operating surplus ratio (0.217) (0.102) (0.037)Own source revenue coverage ratio 0.709 0.835 0.885

The above ratios are calculated as follows:

Current ratio current assets minus restricted assetscurrent liabilities minus liabilities associated

with restricted assets

Asset sustainability ratioDepreciation expenses

Debt service cover ratio annual operating surplus before interest and depreciationprincipal and interest

Operating surplus ratio operating revenue minus operating expensesown source operating revenue

Own source revenue coverage ratio own source operating revenueoperating expenses

capital renewal and replacement expenditure

Page 48




18 FINANCIAL RATIOS (CONTINUED)

Notes:

2015 2014 2013

Current Ratio 0.696 0.699 0.682Debt Service Cover Ratio 4.980 4.934 7.361Operating Surplus Ratio (0.077) (0.078) (0.037)Own Source Revenue Coverage Ratio 0.800 0.835 0.885

(ii) The Debt Service Cover and Operating Surplus ratios as disclosed above were all distorted by an item of expense totalling $38,514 relating to the revaluation decrement of major plant and equipment in accordance with Financial Management Regulations 17A.

Items (a) to (d) mentioned above are considered 'one-off' timing/non cash in nature and, if they are ingnored, the calculations disclosed in the columns above would be as follows:

(a) Information relating to the asset consumption ratio and the asset renewal funding ratio can be found at Supplementary Ratio Information on Page 59 of this document.

(b) For 2015, the Current, Debt Service Cover, Operating Surplus and Own Source Revenue Coverage ratios were distorted by an item of significant revenue relating to the early payment of 2015/16 Financial Assistance Grants (FAGs) of $1,200,761 which was received prior to year end and the loss on revaluation of Parks and Reserves of $8,910,069 and Parking Areas of $218,688.

(c) For 2014, the Current, Debt Service Cover, and Operating Surplus ratios disclosed above were distorted by the change to the payment of FAGs during the year ended 30 June 2014 which saw the advance payment of the first quarter of the following year cease. This created a timing difference which resulted in an amount of some $1,339,669 less revenue for the year.

(d) For 2013,(i) The effect of the FAGs advance payment in 2013 was negligible as it had also occurred in the previous year. In effect, four quarterly payments were received in both years so it was not considered necessary to calculate and disclose the ffect of any distortion as it was not considered significant.

Page 49




19. TRUST FUNDS

Funds held at balance date over which the City has no control and which are not included inthe financial statements are as follows:

Balance Amounts Amounts Balance1 July 2014 Received Paid 30 June 2015

$ $ ($) $

Cash in Lieu POS 316,981 0 0 316,981Subdivision Bonds 134,660 29,320 0 163,980Cash in Lieu Footpaths 71,265 0 0 71,265Cash in Lieu Parking 301,127 0 0 301,127Deposits Demolitions 32,490 48,750 (42,000) 39,240Deposits Footpaths 7,080 0 0 7,080Deposits General 1,928 1,200 (1,000) 2,128Deposits Halls & Buildings 1,900 9,500 (8,650) 2,750Deposits Cat Traps 600 8,280 (7,920) 960Deposits Keys 800 3,665 (2,850) 1,615Deposits Security Access 50 0 0 50Deposits Long Term Hall 2,600 1,200 (400) 3,400Sale of Land Non Payment Rates 37,233 1,900 0 39,133Bonds Ground Hire 4,900 12,800 (10,450) 7,250Bonds Landscaping 12,000 2,000 (2,000) 12,000Unclaimed Monies 9,582 2,000 0 11,582Sundry Trust 20,688,262 644,062 (251,048) 21,081,276Deposits Goldfields Art Centre 32,319 24,582 0 56,901Endowment Block Bonds/Variables 24,764 1,740,706 (1,719,971) 45,499

21,680,541 22,164,217

Page 50




20. DISPOSALS OF ASSETS - 2014/15 FINANCIAL YEAR

The following assets were disposed of during the year. Net Book Value Sale Price Profit (Loss)

Actual Budget Actual Budget Actual Budget$ $ $ $ $ $

Plant and EquipmentGovernance

P679E 22,559 24,175 18,182 15,000 (4,377) (9,175)P675E 22,559 24,513 18,182 15,000 (4,377) (9,513)P954D 26,540 28,290 20,909 25,000 (5,631) (3,290)P643E 0 18,735 0 15,000 0 (3,735)P01L 0 48,966 0 35,000 0 (13,966)P655E 19,855 21,575 17,727 16,000 (2,128) (5,575)P934D 14,217 16,707 8,050 10,000 (6,167) (6,707)P025E 10,591 12,073 10,172 10,000 (419) (2,073)P078D 16,550 19,452 11,364 13,000 (5,186) (6,452)P040C 19,670 22,882 13,873 14,000 (5,797) (8,882)

Law, order, public safetyP154A 13,010 0 10,999 0 (2,011) 0

HealthP314E 18,005 19,565 12,727 12,000 (5,278) (7,565)P169C 0 37,649 0 25,000 0 (12,649)

Education and welfareP632E 0 14,985 0 10,000 0 (4,985)P266F 0 24,276 0 16,000 0 (8,276)

Community amenitiesP525C 22,723 26,708 19,083 15,000 (3,640) (11,708)P171C 16,754 19,692 10,617 12,000 (6,137) (7,692)P200F 20,373 20,736 12,727 16,000 (7,646) (4,736)P315E 18,006 19,565 11,818 15,000 (6,188) (4,565)

Recreation and culture 0P16158 0 8,541 0 8,000 0 (541)P16157 4,820 8,541 5,000 8,000 180 (541)PE075 0 0 0 10,000 0 10,000P16871 0 29,949 0 30,000 0 51P369A 0 16,645 0 13,000 0 (3,645)P17987 9,373 10,696 4,273 10,000 (5,100) (696)P152A 0 15,064 10,000 0 (5,064)P165D 16,689 19,615 10,313 14,000 (6,376) (5,615)P228D 16,689 19,615 10,313 14,000 (6,376) (5,615)P464E 0 16,777 15,000 0 (1,777)P170C 16,748 19,686 12,727 12,000 (4,021) (7,686)P579D 13,806 15,002 10,909 12,000 (2,897) (3,002)P630E 0 23,976 15,000 0 (8,976)P830E 22,779 0 16,819 (5,960) 0

TransportP12424 (679) 20,241 40,000 70,000 40,679 49,759P345B 9,392 12,585 15,000 10,000 5,608 (2,585)P19934 9,819 11,112 5,910 10,000 (3,909) (1,112)

Page 51




20 DISPOSALS OF ASSETS - 2014/15 FINANCIAL YEAR (continued)

Net Book Value Sale Price Profit (Loss)Actual Budget Actual Budget Actual Budget

$ $ $ $ $ $P13649 24628 20,000 -7628P977E 18,306 18997 13,762 15,000 -4544 -3997P975C 15,776 18540 9,773 14,000 -6003 -4540P674C 0 19195 0 14,000 0 -5195P874C 16,331 0 12,891 0 (3,440) 0

0 0Economic services

P913C 18,889 22,201 16,364 17,000 (2,525) (5,201)P369G 24,603 16,000 0 (8,603)P788E 18,817 15,000 0 (3,817)P843E 17,808 16,115 (1,693) 0Phoenix Place 280,000 280,000 0 0Lot 778 O'Connor 0 900,000 0 900,000 0 0

Other property and servicesP725C 0 25,805 0 15,000 0 (10,805)P719E 18,292 20,848 16,081 15,000 (2,211) (5,848)P309E 32,603 30,000 0 (2,603)P706E 21,370 22,358 20,564 16,000 (806) (6,358)P418D 16,692 19,618 10,946 15,000 (5,746) (4,618)P677G 41,948 0 28,182 (13,766) 0P367D 13,847 16,275 10,909 15,000 (2,938) (1,275)P173D 19,402 22,800 10,000 12,000 (9,402) (10,800)P596D 2,906 16,000 0 13,094P438 0 15,000 0 15,000 0 0

599,509 2,173,783 493,281 1,990,000 (106,228) (186,783)

Profit 46,467 72,904Loss (152,695) (259,687)

(106,228) (186,783)

Page 52


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22. RATING INFORMATION - 2014/15 FINANCIAL YEAR (Continued)

(b)

2015 2015 2014

Carried Forward) Brought Forward) Carried Forward)$ $ $

Surplus/(Deficit) 1 July 14 brought forward 1,171,159 418,357 418,357

Comprises:Cash and cash equivalents

Unrestricted (1,126,381) (1,360,031) (1,360,031)Restricted 27,022,891 28,335,094 28,335,094

ReceivablesRates outstanding 1,555,602 1,256,995 1,256,995Sundry debtors 6,092,004 5,818,534 5,818,534GST receivable 178,450 229,397 229,397Prepayments 80,432 66,745 66,745

InventoriesFuel and materials 48,276 59,170 59,170Goldfields Oasis 32,079 32,827 32,827

Golf Course 87,696 68,522 68,522Goldfields Art Centre 3,668 2,967 2,967Less:Reserves - restricted cash (26,202,263) (26,219,054) (26,219,054)Trade and other payables

Sundry creditors (5,831,161) (7,227,690) (7,227,690)Accrued interest on debentures (23,932) (20,772) (20,772)Accrued salaries and wages (619,277) (614,565) (614,565)Other Payables (126,925) (9,782) (9,782)

Net current assets 1,171,159 418,357 418,357

Surplus/(deficit) 1,171,159 418,357 418,357

Difference

in the 2015 audited financial report and the surplus/(deficit) carried forward position as disclosedin the 2014 audited financial report.

Information on Surplus/(Deficit) Brought Forward

There was no difference between the surplus/(deficit) 1 July 2014 brought forward position used

(1 July 2014(30 June 2015 (30 June 2014

Page 56


23.

Rate in Basis Rateable Rate Budget Applied Budget$ of Value Revenue Rate to Costs Applied

Rate $ $ Revenue $ to Costs $ $

Sewerage RatesSewerage Rate 2.321 Rate in $ 194,018,914 4,503,179 4,478,974 4,503,179 4,478,974Minimum 329 Min 64,057,506 1,893,724 1,917,083 1,893,724 1,917,083

6,396,903 6,396,057 6,396,903 6,396,057

The sewerage rate for the City of Kalgoorlie-Boulder Effluent Scheme is for those properties in the Kalgoorlie-Boulderlocality which are connected to, or capable of being connected to the sewerage scheme.

The proceeds of the rates are applied in full to the maintenance of the scheme and/or treatment and disposal of the treatedeffluent by-product as well as a transfer from the Reserve fund to fund the budget works as required.

24. SERVICE CHARGES - 2014/15 FINANCIAL YEAR

26 DISCOUNTS, INCENTIVES, CONCESSIONS, & WRITE-OFFS- 2014/15 FINANCIAL YEAR

Type Disc % Total BudgetCost/ Cost/Value Value

$ $Rate Assessment Incentive N/A 11,300 10,000

Write Off N/A 168,308 00 0

179,608 10,000

27 INTEREST CHARGES AND INSTALMENTS - 2014/15 FINANCIAL YEAR

Interest Admin. Revenue BudgetedRate Charge $ Revenue

% $ $Interest on unpaid rates 10.00% N/A 381,415 209,107Interest on instalments plan 5.00% N/A 93,484 90,000Charges on instalment plan N/A 7.00 95,417 114,893Pensioner deferred rate interest 2.85% N/A 11,265 0

581,581 414,000

Ratepayers had the option of paying rates in four equal instalments, due on 3/9/2014, 5/11/2014, 7/1/2015, and 11/3/2015. Administration charges and interest applied for the final three instalment.



HEALTH ACT 1911 SEWERAGE RATE - 2014/15 FINANCIAL YEAR

The City did not impose any service charges on ratepayers for the 2015/15 financial year, and has not included any proposition to do so in 2015/16.

Page 57


2015 201428 FEES & CHARGES $ $

Governance 12,930 4,454General purpose funding 152,588 168,644Law, order, public safety 278,111 289,725Health 170,128 166,178Education and welfare 172,251 144,788Community amenities 13,162,513 12,669,425Recreation and culture 5,908,446 5,601,867Transport 8,245,009 6,572,361Economic services 187,391 251,148Other property and services 107,173 33,687

28,396,540 25,902,277

There were no changes during the year to the amount of the fees or charges detailed in the original

29 GRANT REVENUEGrants, subsidies and contributions are included as operatingrevenues in the Statement of Comprehensive Income:

2015 2014By Nature or Type: $ $Operating grants, subsidies and contributions 11,009,681 5,189,573Non-operating grants, subsidies and contributions 4,991,888 3,836,938

16,001,569 9,026,511By Program:Governance 327,050 41,874General purpose funding 3,618,623 1,113,614Law, order, public safety 71,720 57,912Health 283,096 258,051Education and welfare 1,366,551 1,342,248Community amenities 107,374 35,032Recreation and culture 2,575,453 2,129,641Transport 4,157,976 3,902,618Economic services 3,493,726 121,471Other property and services 0 24,050

16,001,569 9,026,511

30 EMPLOYEE NUMBERS

The number of full-time equivalentemployees at balance date 299 299

2015 2015 201431 ELECTED MEMBERS REMUNERATION $ Budget $

$The following fees, expenses and allowances werepaid to council members and/or the president.

Meeting Fees 312,000 312,000 304,780Mayoral allowance 67,500 67,500 67,500Deputy Mayoral allowance 16,875 16,875 16,875Travelling expenses 69,290 85,700 0Telecommunications allowance 13,000 13,000 12,698

478,665 495,075 401,853

budget.



Page 58


32 MAJOR LAND TRANSACTIONS

O'Connor Subdivision

(a) Details

In 1990 City obtained ownership and management of the airport which was relocated. As a result of thisrelocation of the airport, freehold land became available, which was developed and subdivided for residential lots. Additional costs were incurred by City in developing the lots. Costs were for services such as sewerage, power and transport infrastructure.

2015 2015 2014(b) Current year transactions $ Budget $

$Operating income- Profit on sale 0 0 0

Capital income- Sale proceeds 0 900,000 0

Capital expenditure- Purchase of land 0 0 0- Development costs 491,911 0 109,830

491,911 900,000 109,830

(c) Expected Future Cash Flows2016 2017 2018 2019 Total

$ $ $ $ $Cash outflows- Development costs 0 0 0 0 0- Loan repayments 0 0 0 0 0

0 0 0 0 0Cash inflows- Loan proceeds 0 0 0 0 0- Sale proceeds 850,000 0 0 0 850,000

850,000 0 0 0 850,000

Net cash flows 850,000 0 0 0 850,000

The net cash flows to 30 June 2015 in relation to this subdivision is an outflow/(or cost) of $665,906The net cash flows of the entire land transaction is expected to result in an inflow/(income) of $184,094

The above Capital Expenditure is included in land held for resale as disclosed elsewhere in this financial report. There are no liabilities in relation to this land transaction as at 30 June 2015.



Page 59


MAJOR LAND TRANSACTIONS

Lot 501 Phoenix Place Subdivision

(a) Details

Lot 501, portion of Reserve 37979, is in the process of being purchased from the Government of Western Australia Department of Regional Development and Lands, in accordance with section 20A of the Town Planning and Development Act. The City is proposing to develop Lot 501 Phoenix Place into 11 single residential lots and 1 multi (3) site. the aim is to make the developed lots attractive to first home buyers with appropriateconditions of sale.

2015 2015 2014(b) Current year transactions $ Budget $

$Operating income- Profit on sale 0 0 0

Capital income- Sale proceeds 0 280,000 0

Capital expenditure- Purchase of land 0 0 0- Development costs 242,224 (280,000) 40,208

242,224 (280,000) 40,208

The above Capital Expenditure is included in land held for resale.

(c) Expected Future Cash Flows2016 2017 2018 2019 Total

$ $ $ $ $Cash outflows- Development costs 0 0 0 0 0- Loan repayments 0 0 0 0 0

0 0 0 0 0Cash inflows- Loan proceeds 0 0 0 0 0- Sale proceeds 320,000 0 0 0 320,000

320,000 0 0 0 320,000

Net cash flows 320,000 0 0 0 320,000

The net cash flows to 30 June 2015 in relation to this subdivision is an outflow/(or cost) of $308,107The net cash flows of the entire land transaction is expected to result in an inflow/(income) of $11,893



Page 60


33 TRADING UNDERTAKINGS AND MAJOR TRADING UNDERTAKINGS

2015 2015 2014Budget

$ $ $

Operating Income 9,009,028 8,894,252 7,782,623Operating Expenditure (7,368,323) (3,713,888) (6,532,438)Profit on Asset Disposals 0 0 0Loss on Asset Disposal (13,988) 0 0Operating Result 1,626,717 5,180,364 1,250,185

2015 2014$ $

CURRENT ASSETSCash at Bank 17,829,022 18,204,156Receivables 2,407,596 1,461,429

20,236,618 19,665,585

NON-CURRENT ASSETS

Land 50,120 276,278Buildings 7,689,974 10,724,077Less Accumulated Depreciation (291,262) (3,108,773)Furniture & Equipment 221,242 99,344Less Accumulated Depreciation (38,080) (23,267)Plant & Machinery 342,093 368,691Less Accumulated Depreciation (132,807) (62,698)Construction Other than Buildings 33,025 131,095Less Accumulated Depreciation 0 (12,379)Light Vehicles 65,209 45,200Less Accumulated Depreciation (2,438) (6,871)Airport Area Infrastructure 22,259,568 12,936,371Less Accumulated Depreciation 0 (8,583,506)Carpark Infrastructure 0 784,293Less Accumulated Depreciation 0 (314,916)Drainage 0 557,950Less Accumulated Depreciation 0 (402,281)

30,196,644 13,408,608

NET ASSETS 50,433,262 33,074,193

EQUITYReserves - Cash Backed 7,954,730 8,312,509Retained Surplus 42,478,532 24,761,684

50,433,262 33,074,193



Page 61


32. TRADING UNDERTAKINGS AND MAJOR TRADING UNDERTAKINGS (Continued)

2015 2015 2014Budget

$ $ $

Operating Income 999,342 1,200,000 1,038,597Operating Expenditure (420,352) (419,569) (490,899)Operating Result 578,990 780,431 547,698

CURRENT ASSETSCash at Bank 6,115,779 5,536,789

6,115,779 5,536,789

NON-CURRENT ASSETSLandBuildings 0 0Less Accumulated Depreciation 0 0

0 0

NET ASSETS 6,115,779 5,536,789

EQUITYRetained Surplus 6,115,779 5,536,789

6,115,779 5,536,789


ENDOWMENT BLOCKOPERATING STATEMENT

FOR THE YEAR ENDED 30 JUNE 2015


Page 62




33 FINANCIAL RISK MANAGEMENT

foreign currency risk.

Carrying Value Fair Value2015 2014 2015 2014

$ $ $ $Financial assetsCash and cash equivalents 25,896,510 26,975,063 25,896,510 26,975,063Receivables 8,621,613 8,131,472 8,621,613 8,131,472

34,518,123 35,106,535 34,518,123 35,106,535

Financial liabilitiesPayables 6,601,295 7,872,809 6,601,295 7,872,809Borrowings 12,932,639 8,589,927 13,981,033 7,114,419

19,533,934 16,462,736 20,582,328 14,987,228

Fair value is determined as follows:

• Cash and cash equivalents, receivables, payables - estimated to the carrying value whichapproximates net market value.

• Borrowings, held to maturity investments, estimated future cash flows discounted by the current market interest rates applicable to assets and liabilities with similar risk profiles.

The City’s activities expose it to a variety of financial risks including price risk, credit risk, liquidity risk and

The City does not engage in transactions expressed in foreign currencies and is therefore not subject to

Financial risk management is carried out by the finance area under policies approved by the Council.

The City held the following financial instruments at balance date:

interest rate risk. The City’s overall risk management focuses on the unpredictability of financialmarkets and seeks to minimise potential adverse effects on the financial performance of the City.

Page 63




33 FINANCIAL RISK MANAGEMENT (Continued)(a) Cash and Cash Equivalents

could affect returns.

2015 2014$ $

Impact of a 1% (1) movement in interest rates on cash

- Equity 279,015 314,025 - Statement of Comprehensive Income 279,015 314,025

Notes:(1)

Cash and investments are also subject to interest rate risk - the risk that movements in interest rates

Another risk associated with cash is credit risk – the risk that a contracting entity will not complete its

The City manages these risks by diversifying its portfolio and only investing ininvestments authorised

The City’s objective is to maximise its return on cash and investments whilst maintaining an adequate

obligations under a financial instrument resulting in a financial loss to the City.

by Local Government (Financial Management) Regulation 19C . Council also seeks advice from independent advisers (where considered necessary) before placing any cash and investments.

Sensitivity percentages based on management's expectation of future possible market movements.

level of liquidity and preserving capital. The finance area manages the cash and investments portfolio with the assistance of independent advisers (where applicable). The City has an investment policy and the policy is subject to review by Council. An Investment Report is provided to Council on a monthly basis setting out the make-up and performance of the portfolio.

Page 64




33 FINANCIAL RISK MANAGEMENT (Continued)(b) Receivables

most non-rate debtors.

2015 2014

Percentage of rates and annual charges

- Current 0% 0% - Overdue 100% 100%

Percentage of other receivables

- Current 76% 73% - Overdue 24% 27%

The profile of the City’s credit risk at balance date was:

The City makes suitable provision for doubtful receivables as required and carries out credit checks on

There are no material receivables that have been subject to a re-negotiation of repayment terms.

monitored for acceptable collection performance.

risk associated with these receivables is credit risk – the risk that the debts may not be repaid. TheCity manages this risk by monitoring outstanding debt and employing debt recovery policies. It also

The City’s major receivables comprise rates and annual charges and user charges and fees. The major

The level of outstanding receivables is reported to Council monthly and benchmarks are set and

encourages ratepayers to pay rates by the due date through incentives.

a secured charge over the land – that is, the land can be sold to recover the debt. The City is also ableto charge interest on overdue rates and annual charges at higher than market rates, which further encourages payment.

Credit risk on rates and annual charges is minimised by the ability of the City to recover these debts as

Page 65


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age

Effe

ctiv

e in

tere

st ra

te5.

52%

5.60

%3.

40%

4.68

%

man

ages

this

risk

by

borr

owin

g lo

ng te

rm a

nd fi

xing

the

inte

rest

rate

to th

e si

tuat

ion

cons

ider

ed th

e m

ost a

dvan

tage

ous

at th

e tim

e of

neg

otia

tion.

Paya

bles

and

bor

row

ings

are

bot

h su

bjec

t to

liqui

dity

risk

– th

e ris

k th

at in

suffi

cien

t fun

ds m

ay b

e on

han

d to

mee

t pay

men

t obl

igat

ions

as

and

whe

n th

ey

The

cont

ract

ual u

ndis

coun

ted

cash

flow

s of

the

City

’s P

ayab

les

and

Borro

win

gs a

re s

et o

ut in

the

Liqu

idity

Sen

sitiv

ity T

able

bel

ow:

Borr

owin

gs a

re a

lso

subj

ect t

o in

tere

st ra

te ri

sk -

the

risk

that

mov

emen

ts in

inte

rest

rate

s co

uld

adve

rsel

y af

fect

fund

ing

cost

s. T

he C

ity

fall

due.

The

City

man

ages

this

risk

by

mon

itorin

g its

cas

h flo

w re

quire

men

ts a

nd li

quid

ity le

vels

and

mai

ntai

ning

an

adeq

uate

cash

buf

fer.

Pay

men

tte

rms

can

be e

xten

ded

and

over

draf

t fac

ilitie

s dr

awn

upon

if re

quire

d.

Page

66




RATIO INFORMATION

2015 2014 2013

Asset consumption ratio 0.704 0.593 0.370Asset renewal funding ratio 0.476 0.446 0.430

The above ratios are calculated as follows:

Asset consumption ratio

Asset renewal funding ratio

depreciated replacement costs of assets

NPV of planning capital renewal over 10 yearsNPV of required capital expenditure over 10 years

current replacement cost of depreciable assets

CITY OF KALGOORLIE-BOULDERSUPPLEMENTARY RATIO INFORMATION

The following information relates to those ratios which only require attestation they have been checkedand are supported by verifiable information. It does not form part of the audited financial report


Page 69

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Annual Report - CKB...come to fruition and we are now well on our way to achieving a usable space that will link the education precinct to the CBD as an open community space, whilst