Rous County Council Financial Planning – 2017 Bulk Water Retail Water Flood Mitigation Weed Biosecurity Commercial Activities
Final report
17-007
1 May 2017
Hydrosphere Consulting Pty Ltd Suite 6, 26-54 River Street PO Box 7059, BALLINA NSW 2478 Telephone: 02 6686 0006 © Copyright 2017 Hydrosphere Consulting
PROJECT 17-007 – ROUS COUNTY COUNCIL FINANCIAL PLAN 2017 REV DESCRIPTION ORIG REVIEW APPROVAL DATE
A First draft for RCC review R. Campbell G. Bezrouchko
0 Final Draft Report R. Campbell M. Howland M. Howland 1 Feb 2017
1 Updated CWP R. Campbell R. Campbell 14 March 2017
1a Updated with MVV R. Campbell 7 April 2017
1 Issued as Final Draft R. Campbell 1 May 2017
Disclaimer
This report has been prepared on behalf of and for the exclusive use of Rous County Council, and is subject to and issued in accordance with the agreement between Rous County Council and Hydrosphere Consulting. Hydrosphere Consulting accepts no liability or responsibility whatsoever for it in respect of any use of or reliance upon this report by any third party.
Copying this report without the permission of Rous County Council or Hydrosphere Consulting is not permitted.
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CONTENTS
1. INTRODUCTION ................................................................................................................................. 1
1.1 Mission, Vision and Values ................................................................................................................. 1
2. METHODOLOGY ................................................................................................................................ 2
2.1 Financial Modelling ............................................................................................................................. 2
3. BULK WATER SUPPLY...................................................................................................................... 3
3.1 Introduction ......................................................................................................................................... 3
3.2 Model Inputs ....................................................................................................................................... 3
3.2.1 Input Data ....................................................................................................................................... 3
3.2.2 Capital Works Program .................................................................................................................. 4
3.2.3 Recurrent Costs .............................................................................................................................. 5
3.2.4 Bulk Supply Revenue ..................................................................................................................... 5
3.2.5 Other Revenue ............................................................................................................................... 5
3.3 Funding ............................................................................................................................................... 5
3.4 Base Case .......................................................................................................................................... 6
3.4.1 Base Case Variation ....................................................................................................................... 7
3.5 Sensitivity Analysis ............................................................................................................................. 8
3.6 Key Outcomes .................................................................................................................................. 11
4. RETAIL WATER SUPPLY ................................................................................................................ 12
4.1 Introduction ....................................................................................................................................... 12
4.2 Model Inputs ..................................................................................................................................... 12
4.2.1 Input Data ..................................................................................................................................... 12
4.2.2 Capital Works Program ................................................................................................................ 13
4.2.3 Recurrent Costs ............................................................................................................................ 13
4.2.4 Other Revenue ............................................................................................................................. 14
4.3 Funding ............................................................................................................................................. 14
4.4 Model Outputs .................................................................................................................................. 14
5. FLOOD MITIGATION ........................................................................................................................ 15
5.1 Introduction ....................................................................................................................................... 15
5.2 Model Inputs ..................................................................................................................................... 16
5.2.1 Input Data ..................................................................................................................................... 16
5.2.2 Capital Works Program ................................................................................................................ 17
5.2.3 Recurrent Costs ............................................................................................................................ 18
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5.2.4 Other Revenue ............................................................................................................................. 18
5.3 Funding ............................................................................................................................................ 19
5.4 Model Outputs .................................................................................................................................. 20
6. WEED BIOSECURITY ......................................................................................................................21
6.1 Introduction ...................................................................................................................................... 21
6.2 Model Inputs .................................................................................................................................... 22
6.2.1 Input Data .................................................................................................................................... 22
6.2.2 Capital Works Program ................................................................................................................ 22
6.2.3 Recurrent Costs ........................................................................................................................... 23
6.2.4 Other Revenue ............................................................................................................................. 23
6.3 Funding ............................................................................................................................................ 24
6.4 Model Outputs .................................................................................................................................. 24
7. COMMERCIAL ACTIVITIES .............................................................................................................25
7.1 Introduction ...................................................................................................................................... 25
7.2 Model Inputs .................................................................................................................................... 26
7.2.1 Input Data .................................................................................................................................... 26
7.2.2 Capital Works Program ................................................................................................................ 27
7.2.3 Recurrent Costs ........................................................................................................................... 27
7.2.4 Other Revenue ............................................................................................................................. 28
7.3 Model Outputs .................................................................................................................................. 28
8. CONSOLIDATED BUDGETS ............................................................................................................30
APPENDIX 1: CAPITAL WORKS PROGRAMS ..........................................................................................37
APPENDIX 2: FINMOD REPORTS – PREFERRED CASES ......................................................................39
TABLES
Table 1: FINMOD data modifications – bulk water supply ................................................................................ 3
Table 2: Input data – bulk water supply ............................................................................................................. 3
Table 3: Other revenue – bulk water supply ...................................................................................................... 5
Table 4: Sensitivity cases and outcomes – bulk water supply .......................................................................... 9
Table 5: Input data – retail water supply .......................................................................................................... 12
Table 6: Recurrent costs – retail water supply ................................................................................................ 14
Table 7: Other revenue – retail water supply ................................................................................................... 14
Table 8: FINMOD data modifications – flood mitigation .................................................................................. 16
Table 9: Input data – flood mitigation .............................................................................................................. 17
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Table 10: RCC current expenses – flood mitigation ......................................................................................... 18
Table 11: Other revenue – flood mitigation ...................................................................................................... 19
Table 12: FINMOD data modifications – weed biosecurity .............................................................................. 21
Table 13: Input data – weed biosecurity ........................................................................................................... 22
Table 14: RCC current expenses – weed biosecurity ...................................................................................... 23
Table 15: Other revenue – weed biosecurity.................................................................................................... 24
Table 16: Commercial activities ....................................................................................................................... 25
Table 17: FINMOD data modifications – commercial activities ........................................................................ 26
Table 18: Input data – commercial activities .................................................................................................... 26
Table 19: RCC current expenses – commercial activities ................................................................................ 27
Table 20: Net income – Perradenya development ($’000) ............................................................................... 28
Table 21: Other revenue – commercial activities ............................................................................................. 28
Table 22: Bulk Water Supply LTFM – base case ............................................................................................. 31
Table 23: Retail Water Supply LTFM – case 3................................................................................................. 32
Table 24: Flood Mitigation LTFM – case 3 ....................................................................................................... 33
Table 25: Weed Biosecurity LTFM – base case............................................................................................... 34
Table 26: Commercial Activities LTFM – base case ........................................................................................ 35
Table 27: Consolidated RCC Budget ............................................................................................................... 36
FIGURES
Figure 1: RCC mission, vision and values .......................................................................................................... 2
Figure 2: Capital works program – bulk water supply ........................................................................................ 4
Figure 3: Required income (dollar yield), cash & investments and borrowings (base case) – bulk water supply ............................................................................................................................................................................ 6
Figure 4: Required income (dollar yield) and new loans (base case) – bulk water supply ................................ 7
Figure 5: Comparison of Base Case Variations ................................................................................................. 8
Figure 6: Dollar yield (sensitivity cases) – bulk water supply ............................................................................. 9
Figure 7: Cash and investments (sensitivity cases) – bulk water supply ......................................................... 10
Figure 8: Borrowings (Sensitivity Cases) ......................................................................................................... 10
Figure 9: New Loans (Sensitivity Cases) ......................................................................................................... 11
Figure 10: Capital works program – retail water supply ................................................................................... 13
Figure 11: Average bills and cash and investments – retail water supply ....................................................... 15
Figure 12: Capital works program – flood mitigation ........................................................................................ 18
Figure 13: Council contribution and cash and investments – flood mitigation ................................................. 21
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Figure 14: Capital works program – weed biosecurity .................................................................................... 23
Figure 15: Council contribution and cash and investments – weed biosecurity .............................................. 25
Figure 16: Capital works program – commercial activities .............................................................................. 27
Figure 17: RWL revenue and cash and investments – commercial activities ................................................. 29
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1. INTRODUCTION
Hydrosphere Consulting has assisted Rous County Council (RCC) with the preparation of a consolidated Long-Term Financial Model (LTFM) for inclusion in Council’s Integrated Planning and Reporting 2017/18 – 2027/28. This report provides the results of the financial plan development undertaken for the 2016/17 financial year following the recent amalgamation of the former Far North Coast Weeds (FNCW) and Richmond River County Council (RRCC) into the new entity, RCC.
The LTFM accounts for the following funds:
• Bulk water supply – RCC (formerly Rous Water) is the bulk water supplier to four constituentcouncils (Ballina, Lismore, Byron and Richmond Valley);
• Retail water supply – RCC provides water to retail customers direct from the bulk water supplymains;
• Weed biosecurity - RCC (formerly FNCW) undertakes weed management services across the fourconstituent council areas;
• Flood mitigation – RCC (formerly RRCC) has delegated responsibility for flood mitigation servicesacross the four constituent council areas; and
• Commercial activities – including Richmond Water Laboratories (RWL) and property managementactivities.
The aim of this report is to provide information to RCC on the impact of the proposed expenditure program on the required revenue to be recovered from the constituent councils over the next four years and to present the financial position of the RCC business activities.
All dollar values presented in this report are in current (2017) dollars unless otherwise specified.
1.1 Mission, Vision and Values
As part of the review of the Business Activity Strategic Plan, RCC has developed the corporate objectives shown in Figure 1. These objectives direct RCC’s financial management goals.
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Figure 1: RCC mission, vision and values
2. METHODOLOGY
2.1 Financial Modelling
The aim of financial modelling is to:
• Meet the funding requirements of the capital works program, other life-cycle costs associated with system assets and business operations;
• Ensure an appropriate level of cash and liquidity; and
• Forecast the pricing structure over the long term.
Development of the LTFM will build on the work undertaken in previous years for the former Rous Water and RRCC including:
• Rous Water bulk water LTFM developed and reviewed annually using FINMOD;
• Rous Water retail water 10 year financial plan developed in 2016; and
• RRCC flood mitigation LTFM developed in 2010 using FINMOD.
FINMOD is the financial planning software developed by the NSW government for use by non-metropolitan water utilities. To provide consistent and accurate financial modelling, a LTFM has been established for the bulk water supply, retail water supply, flood mitigation and weed biosecurity funds using FINMOD. The FINMOD input and output data have been modified to better reflect the RCC operations and financial requirements for each fund. FINMOD has also been used to test various funding scenarios e.g. bulk water and retail water price paths and constituent council contributions.
The following sections describe the development and analysis of the LTFMs for each fund and the consolidated RCC LTFM.
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3. BULK WATER SUPPLY
3.1 Introduction
RCC is a bulk water supply authority and its customers are the four constituent councils who purchase bulk water. A financial model was developed for the Rous Water bulk water supply fund in 2009 using FINMOD. This model was updated annually by the former Rous Water.
The FINMOD input and output data were modified to better reflect the bulk water supply operations and financial requirements. These modifications are summarised in Table 1.
Table 1: FINMOD data modifications – bulk water supply
Traditional FINMOD Approach for Local Water Utilities Modified Approach for Rous Water
Number of residential assessments (i.e. residential customers)
Volume of bulk water sales (representing constituent council/retail demand)
Typical residential bill, TRB (the bill to be paid by a non-vacant, non-pensioner residential customer using the average amount of water)
Notional Price ($/ML) (the rate to be paid by the constituent councils purchasing bulk water)
Residential income = Number of assessments x TRB ($/assessment)
Bulk water supply income (dollar yield) = volume of bulk water sales in previous year (ML) x Notional Price ($/ML)
Previous versions of the bulk water supply LTFM have addressed all business activities of the former Rous Water including retail water supply, land development and property management activities relating to the water supply businesses. The LTFM developed for the RCC bulk water supply business now excludes these activities.
3.2 Model Inputs
3.2.1 Input Data
Input data are summarised in Table 2.
Table 2: Input data – bulk water supply
Item Data Used
Historical data Historical financial statements for 2014/15 and 2015/16.
Financial data Inflation 2.5%, Borrowing interest rate 6.5%, Investment interest rate 4.5% for 30 years
Residential assessments Previous year volume supplied (9,440 ML). As the notional price is modified each year, the demand is kept constant to generate the required income.
2016/17 TRB Notional $/ML = 1,818 (refer Section 3.2.4).
Future developer charges Income from developer charges will be $1.5 million in 2016/17 then $2.5 million p.a.
30 year capital works program (CWP)
Bulk Supply CWP (refer Section 3.2.2 and Appendix 1)
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Item Data Used
Capital works grants None apart from costs recovered from Roads and Maritime Services for water main relocations: $1.496 million in 2016/17.
30 year operation, maintenance and administration (OMA) costs
Refer Section 3.2.3.
Existing loan payments From Rous Water Loan Register
Balance Sheet (2015/16)
Cash $18.653 million 1
Debt $32.72 million
Replacement cost of system assets $465.4 million
1. Historical cash has been reduced from $23.727 million in 2015/16 to account for amounts in reserve ($1.83 million foremployee leave entitlements and $0.593 million for office equipment) and amounts allocated to commercial activities ($1.651 million) and the retail water supply business ($1.0 million).
3.2.2 Capital Works Program
The 30 year CWP is developed and reviewed annually through asset management planning (review of asset capacity, level of service and asset renewal requirements). The CWP used in this financial plan is included in Appendix 1 and major capital projects are highlighted in Figure 2.
$0
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Other New System Assets (growth works) Renewals Improved LOS
RCD tunnel access $5.1M, RMS main relocation $1.5M
St Helena 600 Stage 2 $20M
Coraki 225 $5.4M, Lennox Head bores $34M
St Helena 600 Stage 3 $6.5M, WTP renewals $2.7M
Knockrow 450 $9.8M
Dunoon Dam bores $25.6M
Dorroughby 600 $3.4M, Nightcap WTP renewals $3.3M
Figure 2: Capital works program – bulk water supply
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3.2.3 Recurrent Costs
FINMOD projects the base forecast recurrent expenditure from historical operating, maintenance and administration costs reported in the 2015/16 Rous Water financial statements (Special Schedule 3). These have been adjusted to reflect the changes (expected movements) from 2015/16 expenditure:
• The total recurrent expenditure budget is $13.54 million for 2016/17 (excluding depreciation andinterest payments); and
• The future water strategy (groundwater supplies) will require increases in operating expenditure by$1.56 million p.a. from 2024 and an additional $1.1 million p.a. from 2039.
3.2.4 Bulk Supply Revenue
RCC has negotiated the bulk water supply income (dollar yield) to be paid by the constituent councils in the short term as follows:
• 2016/17 – $17.160 million; and
• 2017/18 – Increase with rate pegging only.
3.2.5 Other Revenue
Income other than bulk water charges and interest income is reported separately in the financial model as shown in Table 3.
Table 3: Other revenue – bulk water supply
Item Data Used (p.a.)
Rental – bulk water supply properties $14,000
Miscellaneous (sundry) revenue $5,000
Gain on disposal of plant and equipment $2,000
Retail, weeds, flood and commercial staff motor vehicle running costs recovered $50,000
Weed biosecurity and flood mitigation administration costs recovered $292,000
Weed biosecurity and flood mitigation GIS/asset management costs recovered $12,500
Total $376,000
As part of the previous development of alternative water sources, RCC is funding the Perradenya land development including environmental costs, release 5b, 6 and 7 development costs, GST, commissions, legal costs and income from sales of land releases and remaining lots. The net cash flow from the Perradenya development has been included in the Commercial Activities LTFM (refer Section 7.2.4). The consolidated LTFM (Section 8) includes transfer of funds from the Bulk Water Supply LTFM to the Commercial Activities LTFM to fund these activities.
3.3 Funding
Where possible, the capital works programs and recurrent expenditure are funded through existing cash levels which are determined by the amount of revenue received from the constituent councils (dollar yield) and other revenue (Section 3.2.4). Where planned expenditure exceeds the available cash levels, loans are required. Conventional 20 year loans have been assumed.
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Based on ongoing consultation with the constituent councils, RCC will consider the following financial planning objectives:
• Delay the need to increase bulk water revenue outside rate pegging for as long as possible;
• Develop a bulk water pricing strategy where increases have gradual cost impacts; and
• Best endeavours to bring future revenue increases at 5% p.a. including rate pegging.
A minimum cash level of $2.0 million has been maintained for the LTFM.
3.4 Base Case
RCC will nominate a medium term yield path for consultation with the constituent councils. The base case provides an indication of the relative cost to RCC and its customers in terms of the dollar yield required to fund the bulk water supply activities.
The base case includes the 30 year capital works program and operating budget as described in Section 3.2.2 and 3.2.3 respectively.
The base case requires no increase in dollar yield (beyond consumer price index) until 2020/21 and 5% p.a. increase (in addition to movements in consumer price index and rate pegging) for the next six years. The long-term dollar yield will depend on future expenditure requirements which are yet to be confirmed.
Additional loans will be required to fund the proposed expenditure program in the base case ($15 million between 2018/19 and 2020/21 plus $87.5 million between 2021/22 and 2041/42). The loans are required to fund the major projects as shown in Figure 2.
The model outputs for the base case are shown as the required income (dollar yield), cash and investments and borrowings outstanding in Figure 3. The new loans required are shown in Figure 4.
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Dollar Yield Cash and Investments Borrowings
Rate pegging until 2020, then 5 % p.a. (plus rate pegging) for 6 years
Figure 3: Required income (dollar yield), cash & investments and borrowings (base case) – bulk water supply
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Note: the long-term cash levels are dependent on future unidentified capital works and therefore there is limited confidence in cash levels beyond ten years.
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New loans (30 years): $102.5M (borrowing for major projects)
Rate pegging until 2020, then 5 % p.a. (plus rate pegging) for 6 years
St Helena 600 Stage 2 $20.5a
Lennox Head bores, Coraki 225 $39.5a
St Helena 600 Stage 3 $11.5a
Ynockrow 450 $6a
5unoon 5am bores $14a
5orroughby 600, bightcap WTP renewals $11a
Figure 4: Required income (dollar yield) and new loans (base case) – bulk water supply
3.4.1 Base Case Variation
A variation on the base case has also been modelled to provide an indication of a different funding approach assuming a steeper price increase is adopted to reduce the level of borrowing (refer Figure 5). In case 2, the dollar yield is increased by 5% in 2020/21 then 10% p.a. for two years and 5% in 2023/24. Loans can be reduced by $19.5 million over 30 years.
The net present value of the yield income (over 30 years @ 7% p.a.) in the base case and Case 2 is similar indicating a similar level of investment by the constituent councils in each case.
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Base Case: Rate pegging until 2020 then 5% p.a. Case 2: Rate pegging until 2020 then 10% p.a.Base Case: Rate pegging until 2020 then 5% p.a. Case 2: Rate pegging until 2020 then 10% p.a.
NPV $ yield (30 years @ 5% p.a.):.ase case: $331MCase 2: $332M
New loans (30 years):.ase case: $102.5MCase 2: $83M
Figure 5: Comparison of Base Case Variations
RCC has selected the funding scenario represented by the base case as its preferred scenario and this case has been included in the consolidated LTFM (Section 8).
3.5 Sensitivity Analysis
There is a significant level of uncertainty as to the future conditions that will affect the financial status of the bulk water supply business. RCC should allow for some of this uncertainty and reduce the need to deviate from the agreed path in the short-term.
Prior to selection of the appropriate yield path, it is prudent to undertake a sensitivity analysis to determine the impact of various parameters on the required dollar yield. Key data inputs for the base case (preferred case) have been modified to reflect likely scenarios for the sensitivity analysis, namely:
• Developer charges income;
• Capital costs; and
• Interest rates.
The sensitivity analysis scenarios agreed with RCC and the outcomes of the analysis are discussed in Table 4. Results for the sensitivity cases (cases 3, 4 and 5) are compared to the base case in Figure 6 to Figure 9.
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Table 4: Sensitivity cases and outcomes – bulk water supply
Case Name Description Outcomes (compared to base case)
3 Reduced developer charges income
Developer charges income is reduced by 25% p.a. for 30 years.
The dollar yield will need to increase by an additional 2% p.a. in 2021/22, 2022/23 and 2023/24 to make up the shortfall in developer income. Additional $13 million in borrowing is also required over 30 years.
4 Increased capital expenditure
Base case with 10% increase in total capital works costs over 30 years.
The dollar yield will need to increase by an additional 2% p.a. in 2021/22, 2022/23 and 2023/24 to fund the additional expenditure. Additional $29 million in borrowing is also required over 30 years.
5 Increased interest rates
Borrowing interest rate is 8.5% p.a. and investment interest rate is 6.5% p.a. for 30 years (2% higher than base case).
The dollar yield will need to increase by an additional 2% p.a.in 2022/23, 2023/24 and 2024/25 to compensate for the increased interest payments. Additional $17 million in borrowing is also required over 30 years.
All the sensitivity cases are possible so the yield should be set at a level which considers all foreseeable outcomes, allows for variability in the above parameters and provides a smooth transition to the required dollar yield.
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Base Case: Rate pegging until 2020 then 5% p.a. Base Case with 25% less developer income
Base case with 10% increased capital cost from 17/18 Base case with 2% higher rates
Figure 6: Dollar yield (sensitivity cases) – bulk water supply
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Base Case: Rate pegging until 2020 then 5% p.a. Base Case with 25% less developer income
Base case with 10% increased capital cost from 17/18 Base case with 2% higher rates
Figure 7: Cash and investments (sensitivity cases) – bulk water supply Note: the long-term cash levels are dependent on future unidentified capital works and therefore there is limited confidence in cash levels beyond ten years.
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Base Case: Rate pegging until 2020 then 5% p.a. Base Case with 25% less developer income
Base case with 10% increased capital cost from 17/18 Base case with 2% higher rates
Figure 8: Borrowings (Sensitivity Cases)
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Base Case: Rate pegging until 2020 then 5% p.a. Base Case with 25% less developer incomeBase case with 10% increased capital cost from 17/18 Base case with 2% higher rates
Figure 9: New Loans (Sensitivity Cases)
3.6 Key Outcomes
The financial modelling has shown that increases in dollar yield beyond rate pegging/indexation are expected to be required from 2020/21 onwards. New loans are also expected to be required from 2018/19 in order to fund the proposed expenditure program.
Based on the sensitivity analysis, the required short-term dollar yield can remain at the current level (in real terms) for the next three years with increases of 5 - 7% p.a. for the following six years (in addition to rate pegging). The yield increases required will depend on the level of interest rates, developer charges income and expenditure requirements.
With this level of yield increase, new loans will also be required over the 30 year period. The level of borrowing can be reduced by $19.5 million over 30 years with higher increases in dollar yield (10% p.a.).
Increases in dollar yield for the next six years are predicted as follows:
• 2017/18: no increase (rate pegging only);
• 2018/19: no increase (rate pegging only);
• 2019/20: no increase (rate pegging only);
• 2020/21: 5%;
• 2021/22: between 5% and 7%; and
• 2022/23: between 5% and 7%.
Increases in dollar yield may also be required after 2022/23 and will depend on the level of interest rates, developer charges income and expenditure requirements.
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The predicted loans required over the next six years are as follows:
• 2017/18: zero;
• 2018/19: between $4.5 million and $5 million;
• 2019/20: between $5.5 million and $6 million;
• 2020/21: between $4.5 million and $6.5 million;
• 2021/22: between $5.0 million and $6.5 million; and
• 2022/23: between $20 million and $22 million.
Loans are also expected to be required after 2022/23.
Future changes due to uncontrollable variables such as interest rates, growth rates and energy costs and the influence of climate may be significant. While the sensitivity analysis undertaken for this financial plan review has assessed the impact of readily quantifiable parameters, the financial models must be revisited regularly and the data updated to avoid potential shortfalls.
4. RETAIL WATER SUPPLY
4.1 Introduction
RCC provides water supply services to 2,032 rural and urban connections (retail customers) direct from the bulk supply trunk main system. A preliminary ten-year spreadsheet financial model of the retail water supply business was developed in early 2016.
A LTFM has been developed for the RCC retail water supply business using FINMOD. The traditional FINMOD approach has been applied with the main output as the TRB (all retail customers are treated as residential customers).
4.2 Model Inputs
4.2.1 Input Data
Input data are summarised in Table 5.
Table 5: Input data – retail water supply
Item Data Used
Historical data Not available
Financial data Inflation 2.5%, Borrowing interest rate 6.5%, Investment interest rate 4.5% for 30 years
Residential assessments 2,032 retail customers
2016/17 TRB $949 per assessment: Fixed fee = $149.65, usage charge = $2.15 per kL, average usage = 372 kL/a.
Developer charges Nil. Future development costs within the retail supply system are to be managed by agreement with 'price on application' on a case-by-case basis. Bulk supply developer charges are included in the bulk water supply fund.
30 year capital works program (CWP)
Retail Water Supply CWP (refer Section 4.2.2 and Appendix 1)
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Item Data Used
Capital works grants None.
30 year OMA costs Refer Section 4.2.3.
Balance Sheet (2015/16)
Cash $1.0 million 1
Debt nil
1. Historical cash has been re-allocated to the retail water supply fund from the bulk water supply fund.
4.2.2 Capital Works Program
The 30 year CWP is developed and reviewed annually through asset management planning (review of asset capacity, level of service and asset renewal requirements). The CWP used in this financial plan is included in Appendix 1 and Figure 10.
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Figure 10: Capital works program – retail water supply
4.2.3 Recurrent Costs
Annual operating, maintenance and administration costs are shown in Table 6. Bulk supply costs are applied at the same rate as for constituent councils. Increases in bulk supply costs discussed in Section 3 have not been included in the retail water supply LTFM but should be considered in future LTFM updates.
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Table 6: Recurrent costs – retail water supply
Item Details Data Used (p.a.)
Salaries Management and meter reading staff $319,600
Operations and maintenance
Operations and maintenance staff, plant, purchasing, contractors $567,900
Administration Customer management and water billing $50,600
Bulk water purchase Estimate 756 ML/a at $1,818 per ML $1,373,325
Total $2,311,425
4.2.4 Other Revenue
Income other than retail water charges and interest income is reported separately in the financial model as shown in Table 7. Capital costs relating to new connections are also recovered directly from the developer ($22,000 for South Gundarimba reticulation in 2016/17).
Table 7: Other revenue – retail water supply
Item Data Used (p.a.)
Water sales - filling stations $130,000
Connection/disconnection fees $10,000
Property certificates S603 & S735a $7,000
Permit fees - bulk water carrier $12,000
Total $159,000
4.3 Funding
In 2016/17, RCC adopted a 5% increase in fixed and usage charges (including inflation), following two years of 3% increases p.a.
Where possible, the capital works programs and recurrent expenditure are funded through existing cash levels which are determined by the amount of revenue received from the retail customers and other revenue. If cash levels are not sufficient, increases in pricing have been assumed. Minimum cash levels of $200,000 have been targeted.
4.4 Model Outputs
The financial modelling indicates that the retail water supply price will need to increase further over the short-term to fund the water supply activities. Cases have been modelled as follows:
• Case 1 – current pricing;
• Case 2 – 5% increase for 3 years; and
• Case 3 – 3% increase for 5 years.
Average bills and cash and investment levels for each case are shown in Figure 11.
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Figure 11: Average bills and cash and investments – retail water supply
Case 1 (current pricing) will result in negative cash levels from 2017/18 onwards. Case 2 (5% p.a. increase) will result in positive cash levels from 2020/21 onwards and Case 3 (3% p.a. increase) will result in positive cash levels from 2033/34 onwards. The resulting cash level is influenced by the amount allocated to the retail fund from the bulk water supply fund at the start of 2016/17 ($1 million in this LTFM). In addition, the income from retail water sales will vary from year to year based on consumption and bulk water supply charges will impact on expenditure levels. A sensitivity analysis has not been undertaken but future review of the retail water supply LTFM should consider the impact of these scenarios.
RCC has selected the funding scenario represented by case 3 as its preferred scenario and this case has been included in the consolidated LTFM (Section 8).
5. FLOOD MITIGATION
5.1 Introduction
RCC is a specific purpose Council with the responsibility for flood mitigation and related natural resource management within the constituent council areas (excluding Byron). RRCC was originally constituted in 1959 to exercise the powers and duties for “the prevention or mitigation of menace to safety of life or property from flood”. The powers and duties were amended in 2008 to include natural resource management (NRM) issues arising from flood mitigation activities.
The flood mitigation assets under RCC control include various levee systems, drains and canals, floodgate structures and pump stations. These include assets owned by RRCC but operated and maintained by the Councils at their cost (Lismore Levee and ex-drainage union assets).
The core business activities of RCC are:
• Operation of flood management assets apart from the Lismore Levee;
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• Preventative and proactive maintenance of flood management assets apart from Lismore Leveeincluding drain clearing and spraying;
• Minor new works/renewals of RCC assets;
• Flood management – flood studies and floodplain management plans;
• Natural resource management related to floodplain drainage assets including habitat restoration, wetpasture management, weed control, water quality, drainage remediation, tidal flushing, groundwatermanagement and environmental education and research; and
• Administration – human resources and provision of information relating to flood management;
Other activities undertaken by RCC on behalf of and funded by the constituent councils are:
• Major new works (e.g. new drainage assets);
• Ex-drainage union maintenance;
• Audit of Lismore Levee; and
• Studies and projects as required.
A financial model was developed for the former RRCC using FINMOD in 2010. The FINMOD input and output data were modified to better reflect the flood mitigation operations and financial requirements. These modifications are discussed in Table 8.
Table 8: FINMOD data modifications – flood mitigation
Traditional FINMOD Approach for Local Water Utilities
Modified Approach for RCC
Typical residential bill, TRB (the bill to be paid by a non-vacant, non-pensioner residential customer using the average amount of water)
Annual contribution from constituent councils ($/$’000) (the contribution to be paid by the constituent councils for delegation of flood management responsibilities)
Number of residential assessments (i.e. residential customers)
Nominally 1,000 (representing thousands of dollars)
Residential income = Number of assessments x TRB ($/assessment)
Annual constituent council contribution ($) = $1,000 x Annual contribution ($/$’000)
Other revenue (other income which is not sales of water or charges)
Revenue from grants and other contributions (e.g. State Government and Council asset maintenance and study contributions)
Developer Charges ($/new equivalent tenement, $/ET) None.
5.2 Model Inputs
5.2.1 Input Data
Input data are summarised in Table 9.
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Table 9: Input data – flood mitigation
Item Data Used
Historical data Historical financial statements for 2014/15 and 2015/16
Financial data Inflation 2.5%, Borrowing interest rate 6.5%, Investment interest rate 4.5% for 30 years
2016/17 TRB Council contributions = $600,300 p.a.
30 year capital works program $300,000 p.a. (minor renewals), refer Section 5.2.2
Capital works grants None
30 year operation, maintenance and administration (OMA) costs
Refer Section 5.2.3
Existing loan payments RCC services a loan for the Lismore levee on behalf of Lismore City Council with all costs recovered from Lismore City Council
Balance Sheet (2015/16)
Cash $2.489 million 1
Debt $200,000 2
Replacement cost of system assets $118.6 million
1. Historical cash has been reduced from $2.593 million in 2015/16 to account for amounts in reserve ($104,000 foremployee leave entitlements)
2. RCC does not borrow for normal expenditure but services a loan on behalf of Lismore City Council for the LismoreLevee.
5.2.2 Capital Works Program
The 30 year CWP includes allowances for minor asset renewals, new tools and plant/equipment replacement. The CWP used in this financial plan is included in Appendix 1 and Figure 12. Modifications to the Lismore levee to be undertaken in 2016/17 will be funded by Lismore City Council.
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Figure 12: Capital works program – flood mitigation
5.2.3 Recurrent Costs
A summary of the adopted flood mitigation expenditure budget is given in Table 10 (excluding one-off project expenditure, depreciation and loan repayments).
Table 10: RCC current expenses – flood mitigation
Component Details Budget ($’000 p.a.)
Maintenance - RCC Routine maintenance of RCC assets $194,200
Maintenance – councils Maintenance of other (Council) assets (ex- drainage union)
$75,000
Maintenance – other Flood damage, s355 works $39,000
Administration Overheads and contributions, Council fees, administration etc.
$370,300
Administration – other Insurance and audit – Lismore levee $22,200
Management costs Asset Engineer - Flood $116,400
Total Recurrent Expenses $817,100
5.2.4 Other Revenue
Income other than constituent council contributions and interest income is reported separately in the financial model as shown in Table 11. This does not include one-off grants or project related income. The loan repayment is also funded by Lismore City Council (at cost).
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Table 11: Other revenue – flood mitigation
Item Details Data Used (p.a.)
Other contributions - maintenance Maintenance of other assets (ex-drainage union) $75,000
Other contributions - administration
Insurance and audit – Lismore levee $22,200
State government contribution Maintenance of floodgates, drains and levees (not indexed)
$84,600
Sundry income Motor vehicle income, sundries $5,000
Total $186,800
5.3 Funding
Constituent council contributions have not increased (apart from indexation) in recent times. RCC has negotiated the flood mitigation services income to be paid by the constituent councils in the short term as follows:
• 2016/17 – $600,300;
• 2017/18 – Increase with rate pegging only;
• 2018/19 – Increase with rate pegging only;
• 2019/20 – Increase with rate pegging only; and
• 2020/21 – Increase with rate pegging only.
Where possible, the capital works programs and recurrent expenditure is funded through existing cash levels which is determined by the contributions received from the constituent councils and other revenue. Where planned expenditure exceeds the available cash levels, increases in contributions are required to avoid drawdown of reserves. A minimum cash level of $500,000 should be maintained for the LTFM to account for unforeseen expenses.
There has been no definitive assessment of future expenditure requirements that are required to meet an acceptable level of flood mitigation service in terms of legislative obligations or asset requirements. However, RCC considers that the current level of resourcing is insufficient and the levels of service should be improved to ensure adequate coverage of its responsibilities as follows:
• RCC undertakes renewals on an annual basis however a long-term future expenditure program has not been developed;
• Routine maintenance activities are undertaken in accordance with staff availability and someactivities are not adequately resourced;
• NRM functions are not adequately resourced; and
• Heavy (non-routine) maintenance activities (usually outsourced) are not adequately funded.
This financial plan does not investigate future expenditure requirements but it is recommended that RCC develops a revenue strategy in consultation with the constituent councils to fund the desired level of service. The required level of service needs to be determined through development of a detailed asset management plan with consideration of:
• Asset value and condition;
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• Routine and heavy maintenance activities for each asset class;
• Renewal requirements; and
• NRM requirements (including the RCC obligations within the Richmond River Estuary Coastal ZoneManagement Plan).
The RCC asset management plan will be prepared in early 2017.
5.4 Model Outputs
Potential expenditure and funding scenarios to address future asset management requirements have been developed:
• Case 1 – existing service levels (renewals $300,000 p.a.) and constituent council contributions (rate pegging until 2020/21);
• Case 2 – existing constituent council contributions (rate pegging) and renewals reduced to ensurepositive cash levels for the next ten years; and
• Case 3 – existing constituent council contributions (rate pegging) until 2020/21 then increasedfunding to continue the existing service levels (renewals $300,000 p.a.).
Case 1 demonstrates that continuation of the existing cash and contribution levels are adequate to fund the existing service provision until 2020/21 after which surplus cash reserves (>$500,000) are depleted.
Case 2 shows that sufficient cash reserves can be maintained until 2025/26 if the renewal expenditure is reduced to $100,000 p.a. After this, cash reserves are depleted.
Case 3 demonstrates that the council contribution needs to increase to $1,000,000 p.a. between 2021/22 and 2022/23 (67% increase over 2 years) to fund the existing level of service (renewals of $300,000 p.a.) and maintain sufficient cash reserves.
RCC has selected the funding scenario represented by case 3 as its preferred scenario and this case has been included in the consolidated LTFM (Section 8).
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Figure 13: Council contribution and cash and investments – flood mitigation
6. WEED BIOSECURITY
6.1 Introduction
RCC undertakes weed management services across the four constituent council areas and is responsible for administering the Noxious Weeds Act 1993 in the region. Weed biosecurity services are also provided to Kyogle Council and Tweed Shire Council under a fee for service arrangement.
A financial model was developed for the RCC weed biosecurity business using FINMOD. The FINMOD input and output data have been modified to better reflect the weed management operations and financial requirements. These modifications are discussed in Table 12.
Table 12: FINMOD data modifications – weed biosecurity
Traditional FINMOD Approach for Local Water Utilities
Modified Approach for RCC
Typical residential bill, TRB (the bill to be paid by a non-vacant, non-pensioner residential customer using the average amount of water)
Annual contribution from constituent councils ($/$’000) (the contribution to be paid by the constituent councils for delegation of weed management responsibilities)
Number of residential assessments (i.e. residential customers)
Nominally 1,000 (representing thousands of dollars)
Residential income = Number of assessments x TRB ($/assessment)
Annual constituent council contribution ($) = $1,000 x Annual contribution ($/$’000)
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Traditional FINMOD Approach for Local Water Utilities
Modified Approach for RCC
Other revenue (other income which is not sales of water or charges)
Revenue from grants and other contributions (e.g. State Government grants and contributions)
Developer Charges ($/new equivalent tenement, $/ET) None.
6.2 Model Inputs
6.2.1 Input Data
Input data are summarised in Table 13.
Table 13: Input data – weed biosecurity
Item Data Used
Historical data Historical financial statements for 2014/15 and 2015/16
Financial data Inflation 2.5%, Borrowing interest rate 6.5%, Investment interest rate 4.5% for 30 years
2016/17 TRB Council contributions = $738,000 p.a.
30 year capital works program Refer Section 6.2.2
Capital works grants None.
30 year OMA costs Refer Section 6.2.3
Balance Sheet (2015/16)
Cash $1.07 million 1
Debt nil
Replacement cost of system assets $118.6 million
1. Historical cash has been reduced from $1.172 million in 2015/16 to account for amounts in reserve ($102,000 foremployee leave entitlements)
6.2.2 Capital Works Program
The 30 year CWP includes allowances for IT and plant/equipment replacement. The CWP used in this financial plan is included in Appendix 1 and Figure 12.
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0
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Figure 14: Capital works program – weed biosecurity
6.2.3 Recurrent Costs
A summary of the adopted weed biosecurity expenditure budget is given in Table 10 (excluding one-off project expenditure and depreciation).
Table 14: RCC current expenses – weed biosecurity
Component Details Budget ($ p.a.)
Operations Extension officer, weeds officers, plant costs and contractors $789,700
Administration Overheads and contributions, Council fees, insurance, administration etc.
$291,500
Management costs Weed Manager $122,700
Total Recurrent Expenses $1,203,900
6.2.4 Other Revenue
Income other than constituent council contributions and interest income is reported separately in the financial model as shown in Table 15. This does not include one-off grants, fees for services or project related income.
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Table 15: Other revenue – weed biosecurity
Item Details Data Used (p.a.)
Other contributions Property certificates etc. $11,100
State government contribution Weed Action Plan $562,800
Total $573,900
6.3 Funding
Constituent council contributions have not increased (apart from indexation) in recent times. RCC has negotiated the weed biosecurity services income to be paid by the constituent councils in the short term as follows:
• 2016/17 – $738,000;
• 2017/18 – Increase with rate pegging only;
• 2018/19 – Increase with rate pegging only;
• 2019/20 – Increase with rate pegging only; and
• 2020/21 – Increase with rate pegging only.
Where possible, the capital works programs and recurrent expenditure are funded through existing cash levels which are determined by the amount of revenue received from the constituent councils and other revenue (Section 6.2.4). A minimum cash level of $300,000 is targeted for the LTFM.
6.4 Model Outputs
The financial modelling indicates that the existing income is sufficient to fund the weed biosecurity activities (Figure 15).
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Figure 15: Council contribution and cash and investments – weed biosecurity
7. COMMERCIAL ACTIVITIES
7.1 Introduction
RCC commercial activities include (Table 16):
• Richmond Water Laboratories (RWL);
• Perradenya land development; and
• RCC commercial properties.
Table 16: Commercial activities
Activity Expenses Funding
Richmond Water Laboratories Staff, plant/materials, overheads, contributions, council fees, insurance, administration, equipment replacement
Income from RWL customers
Perradenya land development Environmental works, land development costs (funded by bulk water supply business)
Land sales
Commercial properties (EnviTE building, Molesworth St., rural rental properties – proposed Dunoon Dam)
Property management Reserves, investment property rental, commercial sub-leases, residential property rental
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A financial model was developed for the RCC commercial activities business using FINMOD. The FINMOD input and output data have been modified to better reflect the activities and financial requirements. These modifications are discussed in Table 17.
Table 17: FINMOD data modifications – commercial activities
Traditional FINMOD Approach for Local Water Utilities
Modified Approach for RCC
Typical residential bill, TRB (the bill to be paid by a non-vacant, non-pensioner residential customer using the average amount of water)
Annual RWL income ($/$’000)
Number of residential assessments (i.e. residential customers)
Nominally 1,000 (representing thousands of dollars)
Residential income = Number of assessments x TRB ($/assessment)
Annual RWL income ($) = $1,000 x annual income ($/$’000)
Other revenue (other income which is not sales of water or charges)
Revenue from rental properties etc.
Developer Charges ($/new equivalent tenement, $/ET) None.
7.2 Model Inputs
7.2.1 Input Data
Input data are summarised in Table 18.
Table 18: Input data – commercial activities
Item Data Used
Historical data Not available
Financial data Inflation 2.5%, Borrowing interest rate 5.5%, Investment interest rate 4.5% for 30 years
2016/17 TRB RWL income = 758,100
30 year capital works program (CWP)
Refer Section 7.2.2 and Appendix 1.
Capital works grants None
30 year operation, maintenance and administration (OMA) costs
Refer Section 7.2.3.
Balance Sheet (2015/16)
Cash $1.651 million 1
Debt nil
1. Historical cash has been re-allocated from the bulk water supply fund commercial activities reserves.
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7.2.2 Capital Works Program
The 30 year CWP includes allowances for Perradenya environmental works (funded through the Bulk Water Supply fund) and RWL equipment replacement. The CWP used in the LTFM is included in Appendix 1 and Figure 16.
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Perradenya Environmental Works $250k
RWL renewals $30k p.a.
Figure 16: Capital works program – commercial activities
7.2.3 Recurrent Costs
A summary of the adopted commercial activities expenditure budget is given in Table 10 (excluding one-off project expenditure and depreciation).
Table 19: RCC current expenses – commercial activities
Component Details RWL Budget ($ p.a.) Commercial Property Budget ($ p.a.)
Operations Staff costs, plant/material costs and contractors
$485,200 $88,900
Administration Overheads and contributions, fees, insurance, administration etc.
$109,400 $76,400
Management costs $123,300 $20,000
Total Recurrent Expenses $717,900 $185,300
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7.2.4 Other Revenue
The net income from the Perradenya development as shown in Table 20 has been included in the Commercial Activities LTFM with funding provided by the Bulk Water Supply fund. The Commercial Activities capital works program also includes $250,000 for environmental works in 2016/17.
Table 20: Net income – Perradenya development ($’000)
Year 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26
Net income
-1,125 343 1,280 -2,000 398 1,898 -1,500 398 1,898 155
Maintenance costs for the Perradenya development are funded from reserves.
Income other than laboratory fees, contributions and interest income is reported separately in the financial model as shown in Table 21.
Table 21: Other revenue – commercial activities
Item Details Data Used (p.a.)
Rental income Investment properties, commercial sub-leases, residential properties
$221,600
Miscellaneous Outgoings $12,500
Total $234,100
7.3 Model Outputs
Figure 17 shows the cash levels with the predicted RWL income of $758,100 p.a. The base case includes the Perradenya cash flow in the Commercial Activities fund and case 2 shows the cash levels with Perradenya activities funded by the Bulk Water Supply Fund.
The consolidated LTFM (Section 8) includes the base case Commercial Activities LTFM with transfers from the bulk water supply LTFM to fund Perradenya activities.
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.ase Case - including Perradenya cash flow Case 2 - Perradenya funding from .ulk Water Supply
Figure 17: RWL revenue and cash and investments – commercial activities
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8. CONSOLIDATED BUDGETS
FINMOD outputs from the preferred cases for each fund are attached in Appendix 2. Ten year budgets for each fund are given in Table 22 to Table 26 and consolidated in Table 27.
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Table 22: Bulk Water Supply LTFM – base case
Values in 2016/17 $'000
Year 1 2 3 4 5 6 7 8 9 102016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27
Operating RevenueRates & Service Availability ChargesUser Charges -$17,144 -$17,140 -$17,144 -$17,147 -$18,003 -$18,899 -$19,846 -$20,847 -$21,888 -$22,979 -$22,980Extra ChargesInterest Income -$548 -$258 -$179 -$175 -$183 -$168 -$164 -$127 -$110 -$153 -$164Other Revenues -$376 -$376 -$376 -$376 -$376 -$376 -$376 -$376 -$376 -$376 -$376Grants Grants for Acquisition of Assets -$1,496 Pensioner Rebate Subsidy -$10 -$10 -$10 -$9 -$9 -$9 -$9 -$8 -$8 -$8 -$8 Other GrantsContributions Developer Charges -$1,500 -$2,500 -$2,500 -$2,500 -$2,500 -$2,500 -$2,500 -$2,500 -$2,500 -$2,500 -$2,500 Developer Provided AssetsTotal Operating Revenue -$21,074 -$20,284 -$20,209 -$20,207 -$21,071 -$21,952 -$22,895 -$23,858 -$24,882 -$26,016 -$26,028Operating ExpenditureManagement Expenses $5,453 $5,453 $5,453 $5,453 $5,453 $5,453 $5,453 $5,453 $5,453 $5,453 $5,454Operation and Maintenance Expenses $6,584 $6,584 $6,583 $6,584 $6,584 $6,583 $6,584 $8,141 $8,141 $8,141 $8,140Interest Expenses $1,980 $1,793 $1,898 $2,085 $2,153 $2,268 $3,300 $4,238 $4,012 $4,012 $3,818Other Expenses $1,502 $1,502 $1,502 $1,502 $1,502 $1,502 $1,502 $1,502 $1,502 $1,502 $1,502Total Operating Expenditure (Cash) $15,519 $15,332 $15,436 $15,624 $15,692 $15,806 $16,839 $19,334 $19,108 $19,108 $18,914bET IbCOaE (CASH) -$5,555 -$4,952 -$4,773 -$4,583 -$5,379 -$6,146 -$6,056 -$4,524 -$5,774 -$6,908 -$7,1145epreciation System Assets $5,676 $5,710 $5,764 $5,814 $5,867 $5,917 $6,166 $6,411 $6,422 $6,455 $6,490 Plant & Equipment $136 $133 $129 $126 $123 $120 $117 $114 $112 $68Total Operating Expenditure (bon-Cash) $5,812 $5,843 $5,893 $5,940 $5,990 $6,037 $6,283 $6,525 $6,534 $6,523 $6,490bET IbCOaE (AFTER bOb-CASH) $257 $891 $1,120 $1,357 $611 -$109 $227 $2,001 $760 -$385 -$624Principal Loan Payments $2,098 $2,185 $2,390 $2,638 $2,859 $3,117 $3,756 $4,403 $4,490 $4,612 $4,193Capital Expenditure $13,804 $4,480 $7,477 $6,442 $6,804 $8,285 $21,588 $21,055 $2,545 $6,267 $5,693Perradenya Land Development (T/F to Commercial) -$875 $343 $1,280 -$2,000 $398 $1,898 -$1,500 $398 $1,898 $155CASH RESULT $9,472 $2,056 $6,374 $2,497 $4,682 $7,154 $17,788 $21,332 $3,159 $4,126 $2,772
RCC bulk water supply LTFa 2016/17 : Base case
ROUS COUNTY COUNCIL FINANCIAL PLAN – 2017
Page 32
Table 23: Retail Water Supply LTFM – case 3
Values in 2016/17 $'000
Year 1 2 3 4 5 6 7 8 9 102016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27
Operating RevenueRates & Service Availability Charges -$1,904 -$1,960 -$2,022 -$2,083 -$2,145 -$2,211 -$2,276 -$2,277 -$2,276 -$2,277 -$2,277User ChargesExtra ChargesInterest Income -$30 -$8Other Revenues -$159 -$159 -$159 -$159 -$159 -$159 -$159 -$159 -$159 -$159 -$159Grants Grants for Acquisition of Assets Pensioner Rebate Subsidy -$6 -$6 -$6 -$6 -$5 -$5 -$5 -$5 -$5 -$5 -$5 Other GrantsContributions Developer Charges Developer Provided AssetsTotal Operating Revenue -$2,099 -$2,133 -$2,187 -$2,248 -$2,309 -$2,375 -$2,440 -$2,441 -$2,440 -$2,441 -$2,441Operating ExpenditureManagement Expenses $371 $371 $371 $371 $371 $371 $371 $371 $371 $372 $371Operation and Maintenance Expenses $1,941 $1,940 $1,942 $1,942 $1,941 $1,941 $1,941 $1,941 $1,941 $1,941 $1,941Interest Expenses $8 $17 $23 $27 $25 $21 $16 $14 $15Other ExpensesTotal Operating Expenditure (Cash) $2,312 $2,311 $2,321 $2,330 $2,335 $2,339 $2,337 $2,333 $2,328 $2,327 $2,327bET IbCOaE (CASH) $213 $178 $134 $82 $26 -$36 -$103 -$108 -$112 -$114 -$1145epreciation System Assets $144 $144 $145 $145 $145 $145 $145 $145 $144 $144 $144 Plant & EquipmentTotal Operating Expenditure (bon-Cash) $144 $144 $145 $145 $145 $145 $145 $145 $144 $144 $144bET IbCOaE (AFTER bOb-CASH) $357 $322 $279 $227 $171 $109 $42 $37 $32 $30 $30Principal Loan PaymentsCapital Expenditure $425 $220 $63 $51 $61 $117 $53 $49 $45 $86 $201CASH RESULT $638 $398 $197 $133 $87 $81 -$50 -$59 -$67 -$28 $87
RCC Retail Water LTFa 2016/17 : Case 3 - 3% increase
ROUS COUNTY COUNCIL FINANCIAL PLAN – 2017
Page 33
Table 24: Flood Mitigation LTFM – case 3
Values in 2016/17 $'000
Year 1 2 3 4 5 6 7 8 9 102016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27
Operating RevenueRates & Service Availability Charges -$600 -$600 -$600 -$600 -$600 -$930 -$1,000 -$1,000 -$1,000 -$1,000 -$1,000User ChargesExtra ChargesInterest Income -$104 -$88 -$68 -$48 -$31 -$22 -$22 -$22 -$22 -$22 -$23Other Revenues -$58 -$27 -$27 -$27 -$27 -$27 -$27 -$27 -$27 -$27 -$27Grants Grants for Acquisition of Assets Pensioner Rebate Subsidy Other Grants -$85 -$85 -$85 -$85 -$85 -$85 -$85 -$85 -$85 -$85 -$85Contributions Developer Charges Developer Provided AssetsTotal Operating Revenue -$847 -$800 -$780 -$760 -$743 -$1,064 -$1,134 -$1,134 -$1,134 -$1,134 -$1,135Operating ExpenditureManagement Expenses $486 $486 $486 $486 $486 $486 $486 $486 $486 $486 $486Operation and Maintenance Expenses $308 $308 $308 $308 $308 $308 $308 $308 $308 $308 $308Interest Expenses $12 $9 $6 $3Other Expenses $22 $22 $22 $22 $22 $22 $22 $22 $22 $22 $22Total Operating Expenditure (Cash) $828 $825 $822 $819 $816 $816 $816 $816 $816 $816 $816bET IbCOaE (CASH) -$19 $25 $42 $59 $73 -$248 -$318 -$318 -$318 -$318 -$3195epreciation System Assets $848 $848 $848 $848 $848 $848 $848 $848 $848 $848 $848 Plant & EquipmentTotal Operating Expenditure (bon-Cash) $848 $848 $848 $848 $848 $848 $848 $848 $848 $848 $848bET IbCOaE (AFTER bOb-CASH) $829 $873 $890 $907 $921 $600 $530 $530 $530 $530 $529Principal Loan Payments $45 $47 $49 $51Capital Expenditure $317 $360 $361 $360 $360 $360 $360 $360 $359 $360 $360CASH RESULT $343 $432 $452 $470 $433 $112 $42 $42 $41 $42 $41
RCC Flood mitigation LTFa 2016/17 : Case 3 - funding required
ROUS COUNTY COUNCIL FINANCIAL PLAN – 2017
Page 34
Table 25: Weed Biosecurity LTFM – base case
Values in 2016/17 $'000
Year 1 2 3 4 5 6 7 8 9 102016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27
Operating RevenueRates & Service Availability Charges -$738 -$738 -$738 -$738 -$738 -$738 -$738 -$738 -$738 -$738 -$738User ChargesExtra ChargesInterest Income -$49 -$52 -$53 -$54 -$55 -$57 -$57 -$58 -$59 -$60 -$61Other Revenues -$11 -$11 -$11 -$11 -$11 -$11 -$11 -$11 -$11 -$11 -$11Grants Grants for Acquisition of Assets Pensioner Rebate Subsidy Other Grants -$563 -$563 -$563 -$563 -$563 -$563 -$563 -$563 -$563 -$563 -$563Contributions Developer Charges Developer Provided AssetsTotal Operating Revenue -$1,361 -$1,364 -$1,365 -$1,366 -$1,367 -$1,369 -$1,369 -$1,370 -$1,371 -$1,372 -$1,373Operating ExpenditureManagement Expenses $415 $415 $415 $414 $415 $415 $416 $415 $415 $416 $415Operation and Maintenance Expenses $790 $790 $790 $790 $790 $790 $790 $790 $790 $790 $790Interest ExpensesOther ExpensesTotal Operating Expenditure (Cash) $1,205 $1,205 $1,205 $1,204 $1,205 $1,205 $1,206 $1,205 $1,205 $1,206 $1,205bET IbCOaE (CASH) -$156 -$159 -$160 -$162 -$162 -$164 -$163 -$165 -$166 -$166 -$1685epreciation System Assets $12 $13 $13 $15 $15 $16 $17 $18 $18 $19 $20 Plant & Equipment $63 $61 $60 $59 $57 $56 $54 $53 $35Total Operating Expenditure (bon-Cash) $75 $74 $73 $74 $72 $72 $71 $71 $53 $19 $20bET IbCOaE (AFTER bOb-CASH) -$81 -$85 -$87 -$88 -$90 -$92 -$92 -$94 -$113 -$147 -$148Principal Loan PaymentsCapital Expenditure $81 $75 $76 $102 $39 $92 $101 $60 $71 $97 $39CASH RESULT -$75 -$84 -$84 -$60 -$123 -$72 -$62 -$105 -$95 -$69 -$129
RCC Weed Biosecurity LTFa 2016/17 : Base Case Oct 2017
ROUS COUNTY COUNCIL FINANCIAL PLAN – 2017
Page 35
Table 26: Commercial Activities LTFM – base case
Values in 2016/17 $'000
Year 1 2 3 4 5 6 7 8 9 102016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27
Operating RevenueRates & Service Availability Charges -$758 -$758 -$758 -$758 -$758 -$758 -$758 -$758 -$758 -$758 -$758User ChargesExtra ChargesInterest Income -$95 -$111 -$77 -$98 -$130 -$81 -$84 -$100 -$53 -$23 -$23Other Revenues -$234 -$234 -$234 -$234 -$234 -$234 -$234 -$234 -$234 -$234 -$234Grants Grants for Acquisition of Assets Pensioner Rebate Subsidy Other GrantsContributions Developer Charges Developer Provided AssetsTotal Operating Revenue -$1,087 -$1,103 -$1,069 -$1,090 -$1,122 -$1,073 -$1,076 -$1,092 -$1,045 -$1,015 -$1,015Operating ExpenditureManagement Expenses $329 $330 $328 $329 $329 $329 $329 $329 $329 $329 $329Operation and Maintenance Expenses $574 $574 $574 $574 $574 $574 $574 $574 $574 $574 $574Interest ExpensesOther Expenses -$1,125 $343 $1,280 -$2,000 $398 $1,898 -$1,500 $398 $1,898 $155Total Operating Expenditure (Cash) -$222 $1,247 $2,182 -$1,097 $1,301 $2,801 -$597 $1,301 $2,801 $1,058 $903bET IbCOaE (CASH) -$1,309 $144 $1,113 -$2,187 $179 $1,728 -$1,673 $209 $1,756 $43 -$1125epreciation System Assets $4 $4 $4 $4 $4 $4 $3 $3 $3 $3 $3 Plant & EquipmentTotal Operating Expenditure (bon-Cash) $4 $4 $4 $4 $4 $4 $3 $3 $3 $3 $3bET IbCOaE (AFTER bOb-CASH) -$1,305 $148 $1,117 -$2,183 $183 $1,732 -$1,670 $212 $1,759 $46 -$109Principal Loan PaymentsCapital Expenditure $280 $30 $30 $30 $30 $30 $30 $30 $30 $30 $30Perradenya Land Development (T/F from .ulk) $875 -$343 -$1,280 $2,000 -$398 -$1,898 $1,500 -$398 -$1,898 -$155CASH RESULT -$154 -$169 -$137 -$157 -$189 -$140 -$143 -$159 -$112 -$82 -$82
Commercial Activities : Base case
ROUS COUNTY COUNCIL FINANCIAL PLAN – 2017
Page 36
Table 27: Consolidated RCC Budget
Values in 2016/17 $'000
Year 1 2 3 4 5 6 7 8 9 102016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27
Operating RevenueRates & Service Availability Charges -$4,000 -$4,056 -$4,118 -$4,179 -$4,241 -$4,637 -$4,772 -$4,773 -$4,772 -$4,773 -$4,773User Charges -$17,144 -$17,140 -$17,144 -$17,147 -$18,003 -$18,899 -$19,846 -$20,847 -$21,888 -$22,979 -$22,980Extra ChargesInterest Income -$826 -$517 -$377 -$375 -$399 -$328 -$327 -$307 -$244 -$258 -$271Other Revenues -$838 -$807 -$807 -$807 -$807 -$807 -$807 -$807 -$807 -$807 -$807Grants Grants for Acquisition of Assets -$1,496 Pensioner Rebate Subsidy -$16 -$16 -$16 -$15 -$14 -$14 -$14 -$13 -$13 -$13 -$13 Other Grants -$648 -$648 -$648 -$648 -$648 -$648 -$648 -$648 -$648 -$648 -$648Contributions Developer Charges -$1,500 -$2,500 -$2,500 -$2,500 -$2,500 -$2,500 -$2,500 -$2,500 -$2,500 -$2,500 -$2,500 Developer Provided AssetsTotal Operating Revenue -$26,468 -$25,684 -$25,610 -$25,671 -$26,612 -$27,833 -$28,914 -$29,895 -$30,872 -$31,978 -$31,992Operating ExpenditureManagement Expenses $7,054 $7,055 $7,053 $7,053 $7,054 $7,054 $7,055 $7,054 $7,054 $7,056 $7,055Operation and Maintenance Expenses $10,197 $10,196 $10,197 $10,198 $10,197 $10,196 $10,197 $11,754 $11,754 $11,754 $11,753Interest Expenses $1,992 $1,802 $1,912 $2,105 $2,176 $2,295 $3,325 $4,259 $4,028 $4,026 $3,833Other Expenses $399 $1,867 $2,804 -$476 $1,922 $3,422 $24 $1,922 $3,422 $1,679 $1,524Total Operating Expenditure (Cash) $19,642 $20,920 $21,966 $18,880 $21,349 $22,967 $20,601 $24,989 $26,258 $24,515 $24,165bET IbCOaE (CASH) -$6,826 -$4,764 -$3,644 -$6,791 -$5,263 -$4,866 -$8,313 -$4,906 -$4,614 -$7,463 -$7,8275epreciation System Assets $6,684 $6,719 $6,774 $6,826 $6,879 $6,930 $7,179 $7,425 $7,435 $7,469 $7,505 Plant & Equipment $199 $194 $189 $185 $180 $176 $171 $167 $147 $68Total Operating Expenditure (bon-Cash) $6,883 $6,913 $6,963 $7,011 $7,059 $7,106 $7,350 $7,592 $7,582 $7,537 $7,505bET IbCOaE (AFTER bOb-CASH) $57 $2,149 $3,319 $220 $1,796 $2,240 -$963 $2,686 $2,968 $74 -$322Principal Loan Payments $2,143 $2,232 $2,439 $2,689 $2,859 $3,117 $3,756 $4,403 $4,490 $4,612 $4,193Capital Expenditure $14,907 $5,165 $8,007 $6,985 $7,294 $8,884 $22,132 $21,554 $3,050 $6,840 $6,323CASH RESULT $10,224 $2,633 $6,802 $2,883 $4,890 $7,135 $17,575 $21,051 $2,926 $3,989 $2,689
RCC Consolidated LTFa
ROUS COUNTY COUNCIL FINANCIAL PLAN – 2017
APPENDIX 1: CAPITAL WORKS PROGRAMS
Bulk Water Supply
Retail Water Supply
Flood Mitigation
Weed Biosecurity
Commercial Activities
S:\Projects\17-007 Rous County Council Financial Planning and Asset Management Planning\Working\Data and Calculations\Bulk Water\CWP\Bulk Water CWP 2017 Rev 1/2017 CWP 14/03/2017
Rous County Council Bulk Water SupplyCapital Works Program Provided for RCC review 14/03/2017All values are in year 2017$'000Area Project 30 year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
New SystemAssets
Renewals Improved LOS
Total 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2028/29 2029/30 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/41 2041/42 2042/43 2043/44 2044/45 2045/46
Catchment1 All Equipment and tools 100% 60 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 22 All ECD/RCD land 100% 78 783 All Signage 100% 16 164 All Asset renewal 100%5 PDD Proposed Dunoon Dam Access Track renewals 100% 45 5 5 5 5 5 5 5 5 56 RCD RCD entrance upgrade design 100% 60 607 RCD RCD Catchment Asset Renewals 100% 43 10 1 7 14 1 7 1 38 RCD RCD - Installation of Catchment Signage (Regulatory/Information) 100% 75 25 25 259 RCD RCD - Installation of New Catchment Gates 100% 10 10
10 RCD RCD - Installation of New Buffer Zone/Park Fencing (Musgrave) 100% 10 1011 RCD RCD - Upgrade of Catchment Access Roads (DEC MOU) 100% 225 25 25 25 25 25 25 25 25 2512 ECD ECD Catchment Asset Renewals 100% 498 42 4 67 26 95 2 3 18 42 85 44 59 1013 ECD Implementation of high priority CMP actions 100% 1,200 160 80 80 80 80 80 80 80 80 80 80 80 80 8014 ECD ECD pine slashing 100% 43 4315 ECD ECD fencing 100%16 ECD ECD - Bush Regeneration 100% 3,258 126 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 10817 ECD ECD - Installation of Catchment Signage (Regulatory/Information) 100% 15 1518 ECD ECD - Installation of New Buffer Zone Fencing 100% 85 20 15 5019 ECD ECD - Installation of New Park Furniture 100% 20 10 1020 ECD ECD - Installation of Buffer Zone/Park Signage (Regulatory/Information) 100% 15 5 5 521 ECD ECD - Upgrade of Buffer Zone/Park Access Roads 100% 45 15 10 5 5 5 522 ECD ECD - New Park Amenities/Buildings 100% 30 15 1523 ECD Emigrant Creek: installation of real-time environmental monitoring equipment 100% 50 25 2524 ECD Strategic Land Acquisition - Former dairy site 100% 100 10025 WRS WRS Catchment Asset Renewals 100% 119 31 8 42 3926 WRS Wilsons River Source - Bush Regeneration 100% 3,260 128 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 108 10827 WRS Wilsons River: installation of real-time environmental monitoring equipment 100% 120 60 6028 WRS WRS - Installation of Catchment Signage (Regulatory/Information) 100% 60 10 5029 WRS WRS - Installation of Buffer Zone/New Park Fences 100% 100 50 5030 WRS WRS - Catchment Management Plan 100%31 WRS WRS - Upgrade of Buffer Zone/Park Access Roads 100% 10 5 532 Distribution Systems33 Trunk mains Brunswick 375mm - Stage 6 50% 50%34 Trunk mains Byron 150/200 replacement (300mm from Coopers Shoot to Cemetery Rd) 19% 81% 955 55 90035 Trunk mains Converys 150 Replacement 100% 119 11936 Trunk mains Coraki 225 100% 5,412 2706 270637 Trunk mains Dorroughby 600 upgrade (Lismore 450 and 600 extension) 28% 72% 4,449 100 434938 Trunk mains Evans Head 200 100% 897 89739 Trunk mains Knockrow 450 100% 9,792 3264 3264 326440 Trunk mains Ross Lane 200 100% 539 53941 Trunk mains Ross Lane 375 100% 1,234 123442 Trunk mains St Helena 600/375 65% 35% 26,967 31 250 5000 5000 5000 5000 200 3243 324343 Trunk mains Woodburn 200 100% 265 26544 Trunk mains St Helena 525 (corrosion on elevated sections) 100% 1,090 109045 Trunk mains RMS Woolgoolga to Ballina Highway upgrade 100% 1,496 149646 Trunk mains Trunk mains other than St Helena 525 (corrosion on elevated sections) 100% 550 50 50047 Trunk mains Painting elevated mains 100% 250 150 10048 Reservoirs Langs Hill Reservoir - strengthening improvement works 100% 35 3549 Reservoirs Langs Hill Reservoir - Roof replacement 100% 1,896 189650 Reservoirs St Helena Reservoir - improvements 100% 35 3551 Reservoirs Tullera reservoir- Roof replacement 100% 49 4952 Reservoirs Belvedere Dr Shed 100% 3 353 Reservoirs Knockrow Reservoir 80% 20% 25 2554 Reservoirs City View Drive reservoir - roof replacement 100% 818 35 78355 Pump Stations Lagoon Grass PS renewals 100% 1,013 9 64 94056 Other Easements 100% 400 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 2057 Other Depot Upgrade 100%58 Other Equipment and Tools 100% 60 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 259 Other Valve renewals 100% 199 14 5 5 9 9 5 5 19 5 16 5 5 19 31 21 2760 Other Reservoir Level Sensors 100% 51 26 2661 Treatment and Source62 NC WTP Air System renewals 100% 819 15 474 37 225 48 15 563 NC WTP Dosing system renewals 100% 860 67 40 66 52 62 5 31 179 66 40 148 83 2164 NC WTP BAC filter system renewals 100% 1,584 21 1409 15465 NC WTP Backwash system renewals 100% 1,832 214 1607 1066 NC WTP Process pump renewals 100% 403 18 155 54 22 15567 NC WTP Centrifuge renewals 100% 495 274 22168 NC WTP Valve renewals 100% 1,287 388 3 65 6 82569 NC WTP Conveyor renewals 100% 353 171 5 17670 NC WTP Instrument and analyser renewals 100% 165 5 64 31 27 3871 NC WTP Pipework renewals 100% 5,099 75 1755 326872 NC WTP Repaint raw water rising main and PS - RCD 100% 627 209 209 20973 NC WTP Flow Meter renewals 100% 128 8 30 73 5 4 874 NC WTP Laboratory renewals 100% 155 52 32 19 32 1975 NC WTP Lime system renewals 100% 308 11 56 25 137 8076 NC WTP Relift Pump Station renewals 100% 353 240 11377 NC WTP Replacement of BAC media 100% 3,000 200 200 200 200 200 200 200 200 200 200 200 200 200 200 20078 NC WTP Building renewals 100% 1,285 274 109 90279 NC WTP Ozone system renewals 100% 1,652 18 27 1082 452 46 2780 NC WTP Sample pump renewals 100% 115 30 21 11 8 19 19 681 NC WTP SCADA renewals 100% 341 8 8 129 8 8 8 8 8 129 8 8 882 NC WTP Raw water pump renewals 100% 560 31 513 1683 NC WTP Switchboard renewals 100% 1,894 825 22 43 13 43 16 927 584 NC WTP IT and comms renewals 100% 1,285 42 16 16 348 16 16 16 16 27 16 16 676 16 16 16 1685 NC WTP UPS 100% 12 8 486 NC WTP Road renewals 100% 332 107 22587 NC WTP Access/walkway renewals 100% 171 86 8688 NC WTP DAFF filter media 100% 295 29589 NC WTP Nightcap WTP Recurring Instruments 100% 377 13 13 13 13 13 13 13 13 13 13 13 13 13 13 13 13 13 13 13 13 13 13 13 13 13 13 13 13 1390 NC WTP Lime clarifier removal 100% 20 2091 NC WTP Chemical tank farm upgrade 100% 60 6092 NC WTP DSH tank mixer 100% 45 23 2393 NC WTP Flocculators 100% 964 96494 NC WTP Dunoon pumps 100% 43 4395 NC WTP Recycle pumps 100% 160 16096 NC WTP Security fencing 100% 109 10997 NC WTP Septic system 100% 27 2798 NC WTP Site lighting 100% 80 8099 NC WTP Alarm system 100% 5 3 3
100 NC WTP Waste saturator 100% 39 39101 NC WTP ACH Dose pumps 100%102 NC WTP ACH poly batching plant 100% 79 79103 NC WTP Ozone Sidestream Dosing 100% 180 180104 NC WTP Bulk Storage and Tanker Unloading bund 100% 80 80105 NC WTP Stormwater drainage upgrade design 100% 39 39106 NC WTP Lime Lines 100%107 NC WTP Storage shed 100%108 NC WTP Emergency Generators 100% 783 783
Type of works
S:\Projects\17-007 Rous County Council Financial Planning and Asset Management Planning\Working\Data and Calculations\Bulk Water\CWP\Bulk Water CWP 2017 Rev 1/2017 CWP 14/03/2017
Rous County Council Bulk Water SupplyCapital Works Program Provided for RCC review 14/03/2017All values are in year 2017$'000Area Project 30 year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
New SystemAssets
Renewals Improved LOS
Total 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2028/29 2029/30 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/41 2041/42 2042/43 2043/44 2044/45 2045/46Type of works
109 EC WTP Air system renewals 100% 35 35110 EC WTP Instruments and Analysers renewals 100% 541 96 32 281 32 23 32 44111 EC WTP Chemical dosing system renewals 100% 249 240 9112 EC WTP BAC filter renewals 100% 442 10 163 80 109 80113 EC WTP Backwash system renewals 100% 35 29 6114 EC WTP IT and Communications renewals 100% 417 8 409115 EC WTP Drying bed refit 100% 90 30 30 30116 EC WTP Switchboard renewals 100% 625 9 616117 EC WTP Filtered water transfer system renewals 100% 62 51 11118 EC WTP Raw water transfer system renewals 100% 337 94 221 22119 EC WTP Laboratory renewals 100% 123 20 34 34 34120 EC WTP Lime system renewals 100% 75 4 66 4121 EC WTP UF system renewals 100% 1,724 166 150 150 150 196 150 150 150 12 150 150 150122 EC WTP Building and site renewals 100% 462 10 22 32 130 22 170 22 32 22123 EC WTP Security review recommendations 100% 50 50124 EC WTP Instruments and Sensors recurring budget 100% 319 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11125 EC WTP Miscellaneous process pipework, fittings and valves 100% 554 38 50 466126 EC WTP Wastewater system renewals 100% 75 61 14127 EC WTP Ozone system renewals 100% 642 50 397 58 80 58128 Source Bulk meter replacement 100% 601 8 23 11 28 26 18 11 23 21 37 47 41 47 30 19 43 25 21 21 9 17 21 16 38129 Source ECD Aeration renewals 100% 55 3 14 38130 Source Emigrant Creek inflow weir 100% 160 160131 Source Emigrant Creek Dam renewals 100% 763 11 32 34 21 654 11132 Source RCD Aeration renewals 100% 345 246 55 41 3133 Source RCD Piezometer 100% 64 64134 Source RCD Recreation Assets 100% 1,855 131 167 20 59 4 157 32 37 185 17 75 317 33 133 86 2 8 4 56 34 66 156 75135 Source RCD Entrance Upgrade 100% 524 524136 Source RCD Pontoon bridge 100% 53 53137 Source RCD surface survey 100%138 Source RCD Tunnel access upgrade and plug sealing 100% 5,138 5138139 Source RCD catchment assets 100% 110 15 10 15 25 10 10 15 10140 Source WRS High Lift PS renewals 100% 1,972 66 375 151 1379141 Source WRS Low Lift 100% 672 393 280142 Source WRS renewals 100% 1,294 344 602 316 32143 Source WRS PLCs/SCADA and Ethernet 100% 45 45144 Source WRS RCD Seepage Weir Upgrades 100%145 Source RCD spillway repair 100% 90 30 60146 Source WRS High lift pump wiring 100%147 Source ECD earthing 100%148 Source Dam Anchor Testing 100% 300 300149 Treatment Telemetry upgrade 50% 50%150 Treatment Coraki Rechlorinator renewals 100% 242 48 64 65 64151 Treatment Woodburn chlorinator upgrade 40% 60%152 All 2-way radio repeaters 100% 25 25153 All Energy efficiency options analysis 100% 70 70154 All Recurring instruments budget 100% 60 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4155 All Howards Grass 600 80% 20% 60 60
All Water management and reporting database 100%156 All Tools and Equipment (Elec/Mech) 100% 90 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3157 Future Water Strategy158 FWS FWS Groundwater investigations 100% 522 522159 FWS Land acquisition 100% 1,500 1500160 FWS Coastal Sands groundwater source development - Lennox Head 100% 33,712 16856 16856161 FWS Dunoon Dam bores 100% 25,592 12796 12796162 Plant and Equipment (including Support Services)163 CC Admin Building 100% 1,626 176 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50164 CC Electronic document and record management system 100% 227 227165 CC Navision finance system upgrade 100% 45 45166 Plant Plant001 - GM Vehicle 100% 10 10167 Plant Plant002 - Spare budget vehicle 100% 25 25168 Plant Plant004 - DSAM vehicle 100% 14 14169 Plant Plant011 - Depot pool vehicle 100% 10 10170 Plant Plant014 - Bush regeneration (Vandenbosh) 100% 11 11171 Plant Plant015 = Construction vehicle (Ross) 100% 11 11172 Plant Plant021 - Safety vehicle 100% 9 9173 Plant Plant023 - water treatment vehicle (GH) 100% 10 10174 Plant Plant027 - Treatment operator vehicle (Ward) 100% 11 11175 Plant Plant030 - Electrician vehicle (DH) 100% 20 20176 Plant Plant032 - Fitter vehicle (IP) 100% 11 11177 Plant Plant034 - Water treatment vehicle (BH) 100% 11 11178 Plant Plant035 - DTAM vehicle 100% 16 16179 Plant Plant036 - HR vehicle 100% 15 15180 Plant Plant038 - FWS vehicle 100% 11 11181 Plant Plant039 - RWL Manager vehicle 100% 11 11182 Plant Plant040 - IT vehicle 100% 13 13183 Plant Plant043 - DSAM vehicle 100% 12 12184 Plant Plant150 - Front deck Kubota ECD 100% 20 20185 Plant Plant fleet replacement 100% 7,250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250 250186 Depot Depot upgrades 100% 300 100 100 50 50187 IT Computer fleet 100% 80 80188 IT SCADA computer 100% 76 76189 IT Servers 100% 85 85190 IT Software 100% 79 79191 CC Energy efficiency improvements - Depot and Molesworth 100% 45 45192 IT IT allowance (Support Services) 100% 9,272 572 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300192 Depot Tools and Equipment (construction crew) 100% 150 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5193 Depot Pressure Cleaner 100%
Totals 199,008 13,805 4,479 7,477 6,442 6,804 8,285 21,587 21,055 2,545 6,267 5,693 4,066 2,496 6,765 5,531 7,767 7,114 1,741 1,253 3,323 1,825 5,423 13,899 14,140 1,501 12,606 1,537 1,088 887 1,606Other New System Assets (growth works) 91,761 592 1,718 3,270 3,270 3,270 3,270 16,876 16,876 321 2,128 2,128 20 1,254 3,284 3,284 3,284 20 20 20 20 12,796 12,796 28 1,218Renewals 93,420 8,921 2,063 3,720 2,910 3,147 4,758 4,219 3,932 1,882 3,892 3,238 3,749 840 3,209 1,831 4,216 6,722 1,424 841 3,056 1,498 5,176 776 1,098 1,146 11,141 1,175 841 640 1,359Improved LOS 13,826 4,291 699 487 262 387 257 492 247 342 247 327 297 402 272 417 267 372 297 392 247 327 247 327 247 327 247 362 247 247 247
Rous County Council Retail Water Supply Retail Water Supply NetworkCapital Works Program Draft for RCC review 1/02/2017All values are in year 2017 $'000Area Project 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
New SystemAssets
Renewals Improved LOS
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2028/29 2029/30 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/41 2041/42 2042/43 2043/44 2044/45 2045/46
Distribution SystemsRetail Newrybar Reservoir- Roof replacement 100% 63 18 45Retail Baxters Lane PS 100% 67 25 16 26Retail South Gundarimba reticulation design works 100% 22 22Retail Corndale Reticulation Main 100%Retail Retail Meters 100% 1,350 45 45 45 45 45 45 45 45 45 45 45 45 45 45 45 45 45 45 45 45 45 45 45 45 45 45 45 45 45 45Retail Reticulation Mains replacements 95% 5% 1,167 332 175 6 71 8 4 41 156 34 38 29 19 59 49 147Retail Reticulation Tank renewals 100% 6 6Retail Bangalow Pit 100% 47 47Retail Valve renewals 100% 20 5 15Other Filling Station renewals 100% 300 150 150Retail Tintenbar Reservoir- Roof replacement 100% 42 42
Totals 3,084 424 220 63 51 61 266 53 49 45 86 201 79 45 45 45 128 121 69 104 71 195 87 94 198 60 45 45 45 45 45Other New System Assets (growth works) 22 22Renewals 3,003 386 211 63 51 61 262 53 49 45 84 193 77 45 45 45 126 119 68 101 71 195 87 91 190 60 45 45 45 45 45Improved LOS 58 17 9 0 4 0 0 2 8 2 2 1 1 3 2 7
Type of works 30 year total
S:\Projects\17‐007 Rous County Council Financial Planning and Asset Management Planning\Working\Data and Calculations\Retail Water\Retail Water CWP 2017 Rev 0/CWP Input 1/02/2017 1/02/2017
Rous County Council Flood MitigationCapital Works Program Draft for RCC review 1/02/2017All values are in year 2017 $'000Area Project 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
New SystemAssets
Renewals Improved LOS
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2028/29 2029/30 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/41 2041/42 2042/43 2043/44 2044/45 2045/46
Flood Plant and Equipment 100% 1,450 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50 50Flood Tools 100% 300 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10Flood Asset Renewals 100% 8,977 277 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300CC RRCC05 - Asset Manager Vehicle 100% 10 10CC RRCC100 - Lamborghini R3-95 Tractor 100% 20 20Flood Lismore Club Levee modifications 31 31
Totals 10,788 348 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360Other New System Assets (growth works) 300 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10Renewals 10,457 307 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350Improved LOS 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
GrantsLCC Lismore Club Levee modifications 31.1 31
Type of works 30 year total
Flood Mitigation CWP 2017 Rev 0 1/02/2017
Rous County Council Weed ServicesCapital Works Program Reviewed by RCC 1/02/2017All values are in year 2017 $'000Area Project 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
New SystemAssets
Renewals Improved LOS
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2028/29 2029/30 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/41 2041/42 2042/43 2043/44 2044/45 2045/46
CC-PF FNCW01 100% 240 16 16 16 16 16 16 16 16 16 16 16 16 16 16 16CC-PF FNCW02 100% 160 16 16 16 16 16 16 16 16 16 16CC-PF FNCW03 100% 160 16 16 16 16 16 16 16 16 16 16CC-PF FNCW04 100% 160 16 16 16 16 16 16 16 16 16 16CC-PF FNCW05 100% 160 16 16 16 16 16 16 16 16 16 16CC-PF FNCW06 100% 160 16 16 16 16 16 16 16 16 16 16CC-PF FNCW07 100% 160 16 16 16 16 16 16 16 16 16 16CC-PF FNCW08 (TSA vehicle) 100% 0CC-PF FNCW09 100% 160 16 16 16 16 16 16 16 16 16 16CC-PF FNCW100 (Old Rous boat every 15yrs?) 100% 10 5 5CC-PF FNCW111 (Boat every 15yrs?) 100% 10 5 5CC-PF FNCW115 (No longer used can be sold?) 100% 0CC-PF FNCW180 (ATV) 100% 100 10 10 10 10 10 10 10 10 10 10CC-PF FNCW190 (ATV trailer every 10yrs?) 100% 15 5 5 5CC-PF FNCW200 (Extension trailer every 10yrs?) 100% 15 5 5 5CC-IT GIS equipment renewals (Toughbooks, PDA's etc.) 100% 450 15 15 15 15 15 15 15 15 15 15 15 15 15 15 15 15 15 15 15 15 15 15 15 15 15 15 15 15 15 15CC-IT IT Support allocation (Computers, Phones etc.) 100% 150 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5CC-PF Depot upgrades and maintenance 100% 120 20 20 20 20 20 20CC-PF Tools and equipment (chainsaws, brush cutters, canoes etc.) 100% 90 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3
Totals 2,320 81 75 76 102 39 92 101 60 71 97 39 107 81 55 71 102 59 97 86 55 71 117 39 87 81 60 91 102 39 87Other New System Assets (growth works) 2,320 81 75 76 102 39 92 101 60 71 97 39 107 81 55 71 102 59 97 86 55 71 117 39 87 81 60 91 102 39 87Renewals 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0Improved LOS 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Type of works 30 year total
Weed Services CWP 2017 Rev 0 1/02/2017
Rous County Council CommericalCapital Works Program Draft for RCC review 1/02/2017All values are in year 2017 $'000Area Project 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
New SystemAssets
Renewals Improved LOS
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2028/29 2029/30 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/41 2041/42 2042/43 2043/44 2044/45 2045/46
CC Perradenya Environmental Works 100% 250 250CC RWL Renewals 100% 900 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30
Totals 1,150 280 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30Other New System Assets (growth works) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0Renewals 900 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30Improved LOS 250 250 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Type of works 30 year total
Commercial CWP 2017 Rev 0 1/02/2017
ROUS COUNTY COUNCIL FINANCIAL PLAN – 2017
APPENDIX 2: FINMOD REPORTS – PREFERRED CASES
Bulk Water Supply
Retail Water Supply
Flood Mitigation
Weed Biosecurity
Commercial Activities
RCC bulk water supply LTFM 2016/17 : Base caseFINMOD
2016/17 2020/21 2025/26 2030/31 2035/36 2040/41 2045/46
Summary Report of Assumptions and Results
Rous County Council
Inflation Rates - General (%) 2.502.502.502.502.502.50 2.50
Inflation Rates - Capital Works (%) 2.502.502.502.502.502.50 2.50
Borrowing Interest Rate (%) 6.506.506.506.506.506.50 6.50
Term of New Loans (years) 202020202020 20
Investment Interest Rate (%) 4.504.504.504.504.504.50 4.50
Growth Rate - Residential (%) 0.000.000.000.000.000.00 0.00
Developer Charges per Assessment -
Residential (2016/17 $)
000000 0
Subsidised Scheme Capital Works ($m) 0.330.250.420.250.394.29 0.25
Grants on Acquisition of Assets ($m) 0.000.000.000.000.001.50 0.00
Renewals ($m) 1.153.061.833.893.158.92 1.36
Renewals (%) 0.190.540.330.710.621.81 0.23
Borrowing Outstanding ($m) 21.8827.8041.2658.3530.8728.67 19.62
Mgmnt Cost / Assessment 578578578577578578 578
Debt Equity Ratio 0.040.050.090.150.090.09 0.03
OMA Cost Per Assessment 155514401440144012761275 1555
Economic Real Rate of Return (%) 0.111.201.181.180.41-0.10 0.10
Return on Capital (%) 0.161.201.151.150.430.06 0.21
Net Debt ($m) 12.8612.8936.4053.8626.7021.80 0.44
Debt Service Ratio 0.210.200.200.330.240.21 0.11
Average Residential Bills 219924352435243419071816 2199
Typical Residential Bills (2016/17$) 220024362436243619091818 2200
Printed 14/03/2017Page 1
Values in 2016/17 $
2029/30
RCC bulk water supply LTFM 2016/17 : Base caseFINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29Drawdown
STANDARD LOAN PAYMENT SCHEDULE
Rous County Council
2442018/19 Principal 4728 0 00406380357335315295276260214201189177166156146137128120 228
182 Interest 0 0020456891111131149166212225237249260270280289298306 198
3112019/20 Principal 6461 555 00520488458429403378354333274258242226213199187175165 293
269 Interest 27 006294124153179204228249308324340355369383395407417 289
2252020/21 Principal 4967 400 0427376352330309291272256240198185174163153144134126 211
222 Interest 47 0217295117137157175192208249261273284294304312320 236
2642021/22 Principal 6223 470 534502441414388364341321301282232218205192180169158 248
296 Interest 90 2660119147172196219241260279328342356369381391402 312
9242022/23 Principal 23194 1644 186817521542144713561272119311201051985813762715671630591 867
1165 Interest 445 22133654764373281689596910391104127513261373141714601498 1222
8662023/24 Principal 23180 1541 17501642144513561272119311191049984923762715671630590 813
1221 Interest 547 33644564373281689596810381103116413251372141714581497 1275
1072024/25 Principal 3046 189 21620317816715714713813012211494888377 100
168 Interest 85 597297107118127136144153160180186191197 174
2462025/26 Principal 7494 439 498467411386362339319299280262217203191 231
428 Interest 237 176208264290313335357377395412458471485 444
1182026/27 Principal 3841 211 24022519718517416315314413412610498 111
228 Interest 135 106121149161172183193202212220242248 234
2031/32 Principal 5793 231 262246217203191179167157148
Interest 291 260276305319331343354364374
2032/33 Principal 2969 111 1261181049892868175
Interest 156 142149163170176181187191
2038/39 Principal 1720 44 4947
Interest 111 105108
2039/40 Principal 22940 622584
Interest 14441482
2041/42 Principal 20394
Interest
3305Total Principal 136950 5835 61656213583754765137481645204240390635252908272824702136193212596254382931200 0 3102
4179Total Interest 2171 2875327824412803313934573756403641053962457747554672432942612846138910167153060 0 4384
Printed 14/03/2017Page 1
Values in $'000
RCC bulk water supply LTFM 2016/17 : Base caseFINMOD
2014/15* 2015/16*
Historical Operating Statement
Rous County Council
EXPENSES
Management Expenses 5069 5320
Administration 3891 3754
Engineering and Supervision 1178 1566
Operation and Maintenance Expenses 5979 5382
Operation Expenses 1920 1850
Maintenance Expenses 1958 2014
Energy Costs 1286 701
Chemical Costs 815 817
Purchase of Water 0 0
Depreciation 6053 6194
System Assets 5298 5469
Plant & Equipment 755 725
Interest Expenses 2222 2105
Other Expenses 1550 1465
TOTAL EXPENSES20873 20466
REVENUES
Rates & Service Availability Charges 1911 1871
Residential 1911 1871
Non-Residential
User Charges 15498 16335
Sales of Water : Residential 0 0
Sales of Water : Non-Residential 15498 16335
Extra Charges
Interest Income 606 556
Other Revenues 1532 2179
Grants 1675 151
Grants for Acquisition of Assets
Pensioner Rebate Subsidy 10 10
Other Grants 1665 141
Contributions 2401 6093
Developer Charges 2318 5534
Developer Provided Assets
Other Contributions 83 559
TOTAL REVENUES23623 27185
OPERATING RESULT2750 6719
OPERATING RESULT (less Grants for Acq of
Assets)
2750 6719
Printed 14/03/2017Page 1
Values in $'000
RCC bulk water supply LTFM 2016/17 : Base caseFINMOD
2014/15* 2015/16*
Historical Statement of Financial Position
Rous County Council
Cash and Investments 13730 17633
Receivables 1199 1585
Inventories 3934 2693
Property, Plant & Equipment 310389 313745
System Assets (1) 309073 312436
Plant & Equipment 1316 1309
Other Assets 16369 15794
TOTAL ASSETS 345621 351450
LIABILITIES
Bank Overdraft
Creditors 2030 1619
Borrowings 32721 30770
Provisions 1830 2050
TOTAL LIABILITIES 36581 34439
NET ASSETS COMMITTED 309040 317011
EQUITY
Accumulated Operating Result 90560 94651
Asset Revaluation Reserve 218480 222360
TOTAL EQUITY 309040 317011
(1) Notes to System Assets
Current Replacement Cost 465391 475667
Less: Accumulated Depreciation 156318 163231
Written Down Current Cost 309073 312436
Printed 14/03/2017Page 2
Values in $'000
2029/30
RCC bulk water supply LTFM 2016/17 : Base caseFINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29
Base Forecast Data
Rous County Council
Financial Data
2.50Inflation Rate - General (%) 2.50 2.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.50 2.50 2.50
2.50Inflation Rate - Capital Works (%) 2.50 2.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.50 2.50 2.50
6.50Borrowing Interest Rate for New Loans (%) 6.50 6.506.506.506.506.506.506.506.506.506.506.506.506.506.506.506.506.506.506.506.506.50 6.50 6.50
4.50Investment Interest Rate (%) 4.50 4.504.504.504.504.504.504.504.504.504.504.504.504.504.504.504.504.504.504.504.504.50 4.50 4.50
Number of Assessments
Growth Rate (%)
0.00 Residential Assessments 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
0.00 Non-Residential Assessments 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
0.00 Total Assessments 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
Number of New Assessments
0 Residential 0 000000000000000000000 0 0
0 Non-Residential 0 000000000000000000000 0 0
0 Total New Assessments 0 000000000000000000000 0 0
Projected Number of Assessments
9440 Residential 9440 944094409440944094409440944094409440944094409440944094409440944094409440944094409440 9440 9440
0 Non-Residential 0 000000000000000000000 0 0
9440 Total Projected Assessments 9440 944094409440944094409440944094409440944094409440944094409440944094409440944094409440 9440 9440
Backlog Assessments
0 Residential 0 000000000000000000000 0 0
0 Non-Residential 0 000000000000000000000 0 0
0 Total Backlog Assessments 0 000000000000000000000 0 0
Developer Charges / Vacant Assessments (Values in 2016/17 $)
Developer Charges $/Assessment
0 Residential 0 000000000000000000000 0 0
0 Non-Residential 0 000000000000000000000 0 0
0Number of Vacant Residential Assessments 0 000000000000000000000 0 0
100Average Charge of Vacant Assessments 100 100100100100100100100100100100100100100100100100100100100100100 100 100
0 % of Occupied Assessments 0 000000000000000000000 0 0
Depreciation of Existing Plant and Equipment (Values in 2016/17 $'000)
Current Replacement Cost of System Assets 487559
Override
Written Down Current Cost of System Assets 320247
Override
Annual Depreciation of Existing System Assets 5606
Override
Written Down Value of Plant and Equipment 1309
Override
0Annual Depreciation of Existing Plant and
Equipment
0 00000000000085136136136136136136136136 136 0
Printed 14/03/2017Page 3
Values in $'000
2029/30
RCC bulk water supply LTFM 2016/17 : Base caseFINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29
Base Forecast Data
Rous County Council
Existing Loan Payments (Values in Inflated $'000)
0Existing Loan Payments : Principal
(Total:30770)
0 00000000002102639329033353302309729022718254823912098 2240 0
0Existing Loan Payments : Interest (Total:12362) 0 0000000000013333955977798111771360153016881980 1838 0
Capital Works Program (Values in 2016/17 $'000)
272Subsidised Scheme (Total:13826) 327 3272472473272473922973722674172973272473422474922573872624874291 699 402
3284Other New System Assets (Total:91763) 12796 2812796002020202032843284202128212832116876168763270327032703270592 1718 1254
3209Renewals (Total:93420) 776 11461098517614983056841142467224216183137493238389218823932421947583147291037208921 2063 840
6765Total Capital Works (Total:199009) 13899 1501141415423182533231253174171147767553240665693626725452105521587828568046442747713804 4480 2496
0.00Grant For Acquisition of Assets (% of
Subsidised Scheme)
0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.0034.86 0.00 0.00
0Grant For Acquisition of Assets ($) (Total:1496) 0 000000000000000000001496 0 0
0Developer Provided Assets (Total:0) 0 000000000000000000000 0 0
Plant and Equipment Expenditure / Asset Disposal (Values in 2016/17 $'000)
0Plant and Equipment Expenditure 0 000000000000000000000 0 0
0Proceeds from Disposal of Plant and Equipment 0 000000000000000000000 0 0
0Written Down Value of Plant and Equipment
Disposed
0 000000000000000000000 0 0
0Gain/Loss on Disposal of Plant and Equipment 0 000000000000000000000 0 0
0 Proceeds from Disposal of Assets 0 000000000000000000000 0 0
0 Written Down Value of Assets Disposed 0 000000000000000000000 0 0
0 Gain/Loss on Disposal of System Assets 0 000000000000000000000 0 0
Printed 14/03/2017Page 4
Values in $'000
2029/30
RCC bulk water supply LTFM 2016/17 : Base caseFINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29
Revised/Additional Forecast Data
Rous County Council
OMA / Revenue Overrides (Values in 2016/17 $'000)
3848Administration 3848 384838483848384838483848384838483848384838483848384838483848384838483848384838483848 3848 3848
Override
1605Engineering and Supervision 1605 160516051605160516051605160516051605160516051605160516051605160516051605160516051605 1605 1605
Override
1896Operating Expenses 1896 189618961896189618961896189618961896189618961896189618961896189618961896189618961896 1896 1896
4521Override 5610 561056104521452145214521452145214521452145214521452145214521296429642964296429642964 2964 4521
2064Maintenance Expenses 2064 206420642064206420642064206420642064206420642064206420642064206420642064206420642064 2064 2064
Override
719Energy Costs 719 719719719719719719719719719719719719719719719719719719719719719 719 719
Override
837Chemical Costs 837 837837837837837837837837837837837837837837837837837837837837837 837 837
Override
0Purchase of Water 0 000000000000000000000 0 0
Override
1502Other Expenses 1502 150215021502150215021502150215021502150215021502150215021502150215021502150215021502 1502 1502
Override
2233Other Revenue 2233 223322332233223322332233223322332233223322332233223322332233223322332233223322332233 2233 2233
376Override 376 376376376376376376376376376376376376376376376376376376376376376 376 376
145Other Grants 145 145145145145145145145145145145145145145145145145145145145145145 145 145
0Override 0 000000000000000000000 0 0
573Other Contributions 573 573573573573573573573573573573573573573573573573573573573573573 573 573
0Override 0 000000000000000000000 0 0
Developer Charges Overrides (Values in 2016/17 $'000)
0Calculated from Scheme Data 0 000000000000000000000 0 0
2500Override 2500 250025002500250025002500250025002500250025002500250025002500250025002500250025001500 2500 2500
Pensioner Rebate (Values in Inflated $)
87.50Pensioner Rebate per Pensioner ($) 87.50 87.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.50 87.50 87.50
Override
55.00Pensioner Rebate Subsidy (%) 55.00 55.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.00 55.00 55.00
Override
208Number of Pensioner Assessments 208 208208208208208208208208208208208208208208208208208208208208208 208 208
Override
2.20Percentage of Pensioners (%) 2.20 2.202.202.202.202.202.202.202.202.202.202.202.202.202.202.202.202.202.202.202.202.20 2.20 2.20
Override
18Pensioner Rebate 18 181818181818181818181818181818181818181818 18 18
10Pensioner Rebate Subsidy 10 101010101010101010101010101010101010101010 10 10
Revenue Split (%)
10.62Residential Rates 10.62 10.6210.6210.6210.6210.6210.6210.6210.6210.6210.6210.6210.6210.6210.6210.6210.6210.6210.6210.6210.6210.62 10.62 10.62
0.00Override 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
0.00Non-Residential Rates 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
Override
0.00Sales of Water: Residential 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
100.00Override 100.00 100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00 100.00 100.00
89.38Sales of Water: Non-Residential 89.38 89.3889.3889.3889.3889.3889.3889.3889.3889.3889.3889.3889.3889.3889.3889.3889.3889.3889.3889.3889.3889.38 89.38 89.38
0.00Override 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
0.00Extra Charges 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
Override
89.38Total Non-Residential Revenue (%) 89.38 89.3889.3889.3889.3889.3889.3889.3889.3889.3889.3889.3889.3889.3889.3889.3889.3889.3889.3889.3889.3889.38 89.38 89.38
10.62Total Residential Revenue (%) 10.62 10.6210.6210.6210.6210.6210.6210.6210.6210.6210.6210.6210.6210.6210.6210.6210.6210.6210.6210.6210.6210.62 10.62 10.62
100.00Total 100.00 100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00 100.00 100.00
Printed 14/03/2017Page 5
Values in $'000
2029/30
RCC bulk water supply LTFM 2016/17 : Base caseFINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29
Revised/Additional Forecast Data
Rous County Council
Printed 14/03/2017Page 6
Values in $'000
2029/30
RCC bulk water supply LTFM 2016/17 : Base caseFINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29
Revised/Additional Forecast Data
Rous County Council
New Loan Payment Overrides (Values in Inflated $'000)
3305Standard Loan Payments: Principal 5835 61656213583754765137481645204240390635252908272824702136193212596254382931200 0 3102
4179Standard Loan Payments: Interest 2171 2875327824412803313934573756403641053962457747554672432942612846138910167153060 0 4384
0Structured Loan Payments: Principal 0 000000000000000000000 0 0
0Structured Loan Payments: Interest 0 000000000000000000000 0 0
0Capitalised Interest 0 000000000000000000000 0 0
3305Total New Loan Payments: Principal 5835 61656213583754765137481645204240390635252908272824702136193212596254382931200 0 3102
Override
4179Total New Loan Payments: Interest 2171 2875327824412803313934573756403641053962457747554672432942612846138910167153060 0 4384
Override
0Capitalised Interest 0 000000000000000000000 0 0
Override
Printed 14/03/2017Page 7
Values in $'000
2029/30
RCC bulk water supply LTFM 2016/17 : Base caseFINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29
Operating Statement
Rous County Council
EXPENSES
5454Management Expenses 5453 5453 5453 5453 5453 5453 5453 5453 5453 5453 5453 5453 5453 5453 5453 5453 5453 5453 5453 5453 5453 54535454 5453
3848 Administration 3848 384838483848384838483848384838483848384838483848384838483848384838483848384838483848 3848 3848
1605 Engineering and Supervision 1605 160516051605160516051605160516051605160516051605160516051605160516051605160516051605 1605 1605
8141Operation and Maintenance Expenses 6584 6584 6583 6584 6584 6583 6584 8141 8141 8141 8140 8141 8141 8141 8141 8140 8141 8141 8141 9230 9230 92308140 8141
4521 Operation Expenses 5610 561056104521452145214521452145214521452145214521452145214521296429642964296429642964 2964 4521
2064 Maintenance Expenses 2064 206420642064206420642064206420642064206420642064206420642064206420642064206420642064 2064 2064
719 Energy Costs 719 719719719719719719719719719719719719719719719719719719719719719 719 719
837 Chemical Costs 837 837837837837837837837837837837837837837837837837837837837837837 837 837
0 Purchase of Water 0 000000000000000000000 0 0
6569Depreciation 5812 5843 5894 5940 5990 6038 6284 6526 6533 6524 6494 6622 6673 6678 6683 6689 6693 6697 6701 6888 7075 70806490 6518
6569 System Assets 6888 708070756701669766936689668366786673662264946490645564226411616659175867581457645676 5710 6518
0 Plant & Equipment 0 00000000000068112114117120123126129136 133 0
3032Interest Expenses 1261 159018581453171119642217246827192834280434883818401240124238330022682153208518981980 1793 3260
1502Other Expenses 1502 150215021502150215021502150215021502150215021502150215021502150215021502150215021502 1502 1502
24698TOTAL EXPENSES
21331 21176 21329 21563 21682 21844 23123 25860 25641 25632 25405 25078 24522 24603 24493 24247 24001 23752 23503 23251 24335 25117 2485424874
REVENUES
0Rates & Service Availability Charges 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 0
0 Residential 0 000000000000000000000 0 0
0 Non-Residential 0 000000000000000000000 0 0
22982User Charges 17144 17140 17144 17147 18003 18899 19846 20847 21888 22979 22980 22983 22983 22982 22986 22982 22983 22986 22983 20755 20757 2075722980 22981
22982 Sales of Water : Residential 20755 207572075722983229862298322982229862298222983229832298022980229792188820847198461889918003171471714417144 17140 22981
0 Sales of Water : Non-Residential 0 000000000000000000000 0 0
0Extra Charges 0 000000000000000000000 0 0
204Interest Income 262 235226509500419358254187188171168164153110127164168183175179548 258 222
376Other Revenues 376 376376376376376376376376376376376376376376376376376376376376376 376 376
7Grants 1506 10 10 9 9 9 9 8 8 8 8 7 7 7 7 6 6 6 6 6 6 68 7
0 Grants for Acquisition of Assets 0 000000000000000000001496 0 0
7 Pensioner Rebate Subsidy 6 66666677778888899991010 10 7
0 Other Grants 0 000000000000000000000 0 0
2500Contributions 1500 2500 2500 2500 2500 2500 2500 2500 2500 2500 2500 2500 2500 2500 2500 2500 2500 2500 2500 2500 2500 25002500 2500
2500 Developer Charges 2500 250025002500250025002500250025002500250025002500250025002500250025002500250025001500 2500 2500
0 Developer Provided Assets 0 000000000000000000000 0 0
0 Other Contributions 0 000000000000000000000 0 0
26069TOTAL REVENUES
21074 20284 20209 20206 21072 21951 22894 23859 24883 26016 26027 26031 26037 26055 26052 26122 26222 26284 26369 26374 23899 23864 2387426087
1371OPERATING RESULT
-257 -892 -1120 -1357 -611 108 -229 -2001 -758 384 623 953 1515 1452 1559 1875 2222 2532 2866 3123 -436 -1252 -9801213
1371OPERATING RESULT (less Grants for Acq of
Assets)
-1753 -892 -1120 -1357 -611 108 -229 -2001 -758 384 623 953 1515 1452 1559 1875 2222 2532 2866 3123 -436 -1252 -9801213
Printed 14/03/2017Page 1
Values in 2016/17 $'000
2029/30
RCC bulk water supply LTFM 2016/17 : Base caseFINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29
Cashflow Statement
Rous County Council
Cashflow From Operating Activities
Receipts
22982Rates and Charges 20755 207572075722983229862298322982229862298222983229832298022980229792188820847198461889918003171471714417144 17140 22981
204Interest Income 262 235226509500419358254187188171168164153110127164168183175179548 258 222
376Other Revenues 376 376376376376376376376376376376376376376376376376376376376376376 376 376
7Grants 6 6666667777888889999101506 10 7
2500Contributions 2500 250025002500250025002500250025002500250025002500250025002500250025002500250025001500 2500 2500
26069Total Receipts from Operations 21074 20284 20209 20206 21072 21951 22894 23859 24883 26016 26027 26031 26037 26055 26052 26122 26222 26284 26369 26374 23899 23864 2387426087
Payments
5454Management 5453 545354535453545354535453545354535453545354535454545354535453545354535453545354535453 5453 5453
8551Operations (plus WC Inc) 9640 964096418552855185508551855185518551855185518549855185518551699569936994699469936995 6995 8552
3032Interest Expenses 1261 159018581453171119642217246827192834280434883818401240124238330022682153208518981980 1793 3260
1502Other Expenses 1502 150215021502150215021502150215021502150215021502150215021502150215021502150215021502 1502 1502
18538Total Payments from Operations 15930 15743 15846 16033 16101 16216 17250 19744 19518 19519 19324 18994 18310 18340 18225 17974 17722 17469 17216 16960 17856 18453 1818518767
7531Net Cash from Operations 5144 4540 4363 4173 4970 5735 5644 4115 5364 6498 6703 7037 7726 7715 7827 8149 8500 8815 9153 9414 6042 5411 56897320
Cashflow from Capital Activities
Receipts
0Proceeds from Disposal of Assets 0 000000000000000000000 0 0
Payments
6765Acquisition of Assets 13899 1501141415423182533231253174171147767553240665693626725452105521588828568046442747713804 4480 2496
-6765Net Cash from Capital Activities -13804 -4480 -7477 -6442 -6804 -8285 -21588 -21055 -2545 -6267 -5693 -4066 -5532 -7767 -7114 -1741 -1253 -3323 -1825 -5423 -13899 -14141 -1501-2496
CashFlow from Financing Activities
Receipts
0New Loans Required 999 013000000002000400000300160012500195012000055004500600045000 0 0
Payments
2398Principal Loan Payments 3389 340835213475334232133088297128562697249523764193461244904403375631172859263823902098 2185 2307
-2398Net Cash from Financing Activities -2098 -2185 2110 3362 1641 2383 16244 15097 -1990 1388 -1192 -2376 -2495 1303 -856 -2971 -3088 -3213 -3342 -3475 -2390 9479 -3408-2307
-1632TOTAL NET CASH -10758 -2125 -1004 1093 -193 -167 300 -1842 829 1619 -182 594 -300 1250 -143 3437 4159 2279 3986 515 -10247 749 7802518
-1632Current Year Cash -10246 7807495153986227941593437-1431250-300594-1821619829-1842300-167-1931093-1004-10758 -2125 2518
6921Cash & Investments @Year Start 18134 8238769518072145381262387805562584547415159409643802871211340093809407143663382447117633 6707 4576
5288Cash & Investments @Year End 7888 9018844418587185241490212939900057025991485946904198449029422166410939044173447534676875 4582 7094
Capital Works Funding:
3556Internal Funding for New Works ($'000) 12123 3554324732726741231739255137013174552674512336827157322573387 2417 1656
3209Internal Funding for Renewals 776 1146109851761498305684114244722321618313749223800143212192758214741027208921 2063 840
0New Loans 999 013000000002000400000300160012500195012000055004500600045000 0 0
0Grants 0 000000000000000000001496 0 0
6765Total Capital Works 13804 4480 7477 6442 6804 8285 21588 21055 2545 6267 5693 4066 5532 7767 7114 1741 1253 3323 1825 5423 13898 14141 15012496
Printed 14/03/2017Page 2
Values in 2016/17 $'000
2029/30
RCC bulk water supply LTFM 2016/17 : Base caseFINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29
Statement of Financial Position
Rous County Council
5288Cash and Investments 7888 9018844418587185241490212939900057025991485946904198449029422166410939044173447534676875 4582 7094
1626Receivables 1626 162616261626162616261626162616261626162616261626162616261626162616261626162616261625 1625 1626
2760Inventories 2760 276127602760276027602760276027612760276027602760276027602760276027602760276127602760 2760 2760
351738Property, Plant & Equipment 329548 328156 329715 330195 330992 333225 348519 363040 359048 358790 355564 350648 351742 352178 347236 341800 338431 333558 332281 339292 346359 340780357993 351542
351738System Assets (1) 339292 340780346359332281333558338431341800347236352178351742350648355564357993358790358978362855348211332790330422329485328858328375 327144 351542
0Plant & Equipment 0 0000000000000701863084365707108581173 1012 0
16188Other Assets 16189 161891618916189161891618916189161891618916189161891618916189161891618916189161901619016189161891618916189 16189 16189
377602TOTAL ASSETS 356997 353313 353757 355246 355741 357706 373204 385782 382566 383855 382766 380829 376082 378308 378455 376810 375314 373907 372657 371443 367754 375378 370373379211
LIABILITIES
0Bank Overdraft 0 00000000000000117000000 0 0
1660Creditors 1660 166016601660166016601660166016601660166016601660166016601660166016601660165916591659 1659 1660
44844Borrowings 16850 218772591819721237762779631785357443968341552412565199755733583485838461883479563250530875299652726928672 25787 48423
2102Provisions 2101 210121012101210121012101210121012101210121012101210121012101210121022102210121022101 2101 2101
48605TOTAL LIABILITIES 32432 29547 31029 33726 34636 36266 51717 65762 62144 62109 59495 55759 45016 45313 43443 39505 35546 31557 27537 23482 20611 29679 2563852183
328996NET ASSETS COMMITTED 324565 323766 322728 321520 321104 321439 321487 320021 320421 321745 323272 325071 331066 332995 335011 337305 339768 342350 345120 347961 347143 345699 344735327027
EQUITY
67297Accumulated Operating Result 69055 635256611871228698086861667736671526690966984671706802168745698257117773734776277980381688843568785594394 91200 67574
360755Asset Revaluation Reserve 478749 508632493352464796451131437606424278411069397999385263372877337272325816314614303680292897282802273389264271255400246763230171 238380 348935
328996TOTAL EQUITY 324565 323766 322728 321520 321104 321439 321487 320138 320421 321745 323272 325071 331066 332995 335011 337305 339769 342351 345120 347962 347143 345699 344735327027
(1) Notes to System Assets
554846 Current Replacement Cost 577182 590580590225564059563812563485563217562806562490562098558547549634549317546861544487543823526700509332505804502148498617492442 494859 551289
203108 Less: Accumulated Depreciation 237890 249800243867231778230253225054221418215570210312210356207899194069191324188072185508180969178489176542175382172663169759164067 167714 199747
351738 Written Down Current Cost 339292 340780346359332281333558338431341800347236352178351742350648355564357993358790358978362855348211332790330422329485328858328375 327144 351542
Printed 14/03/2017Page 3
Values in 2016/17 $'000
2029/30
RCC bulk water supply LTFM 2016/17 : Base caseFINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29
Performance Indicators
Rous County Council
2436Typical Residential Bills 2200 220022002436243624362436243624362436243624362436243623202210210420041909181818181818 1818 2436
2435Average Residential Bills (2016/17$) 2199 219921992435243524352435243524342435243524342434243423192208210220021907181618161816 1816 2434
577Mgmnt Cost / Assessment (2016/17$) 577 578577578578578578578578578578578578577578578578578578578578578 578 578
1440OMA Cost per Assessment (2016/17$) 1556 155515561440144014401440144014401440144014401440144014401440127512751276127512751275 1275 1440
16.23Operating Sales Margin (%) 2.38 1.581.6115.7215.7615.7615.7715.8115.8115.8416.0316.5216.5416.4112.698.8912.7910.146.512.762.99-1.69 3.22 16.43
1.19Economic Real Rate of Return (%) 0.17 0.110.111.221.221.201.191.181.161.171.181.201.191.180.880.580.830.660.410.170.18-0.10 0.20 1.21
0.21Debt Service Ratio 0.19 0.210.230.190.190.200.200.210.210.210.200.230.310.330.340.360.310.250.240.230.210.21 0.20 0.21
0.14Debt/Equity Ratio 0.05 0.060.070.060.070.080.090.110.120.120.120.160.170.180.180.190.150.100.100.090.080.09 0.08 0.15
1.45Interest Cover 0.65 0.380.333.152.682.292.001.761.571.511.541.271.161.100.810.530.931.050.720.350.410.11 0.50 1.37
1.17Return on capital (%) 0.22 0.160.161.231.231.201.181.151.131.131.151.171.161.150.850.580.820.660.430.200.220.06 0.26 1.18
5288Cash and Investments (2016/17$'000) 7888 9018844418588185251490312939900057025991485946904198449029422166410939044173447534676875 4582 7094
44844Debt outstanding (2016/17$'000) 16850 218772591819721237762779631785357443968341552412565199755733583485838462000479563250530875299652726928672 25787 48423
39556Net Debt (2016/17$'000) 8962 1285917474113352511289318846267443398135561363974730751535538585544259834438472860126702254902380221797 21205 41329
Printed 14/03/2017Page 4
RCC Retail Water LTFM 2016/17 : Case 3 - 3% increaseFINMOD
2016/17 2020/21 2025/26 2030/31 2035/36 2040/41 2045/46
Summary Report of Assumptions and Results
Rous County Council
Inflation Rates - General (%) 2.502.502.502.502.502.50 2.50
Inflation Rates - Capital Works (%) 2.502.502.502.502.502.50 2.50
Borrowing Interest Rate (%) 6.506.506.506.506.506.50 6.50
Term of New Loans (years) 202020202020 20
Investment Interest Rate (%) 4.504.504.504.504.504.50 4.50
Growth Rate - Residential (%) 0.000.000.000.000.000.00 0.00
Developer Charges per Assessment -
Residential (2016/17 $)
000000 0
Subsidised Scheme Capital Works ($m) 0.000.000.000.000.000.02 0.00
Grants on Acquisition of Assets ($m) 0.000.000.000.000.000.00 0.00
Renewals ($m) 0.060.070.050.080.060.39 0.05
Renewals (%) 0.830.980.631.160.845.35 0.62
Borrowing Outstanding ($m) 0.000.000.000.000.000.00 0.00
Mgmnt Cost / Assessment 182183183183182183 183
Debt Equity Ratio 0.000.00-0.04-0.38-1.170.00 0.00
OMA Cost Per Assessment 462462462462462462 462
Economic Real Rate of Return (%) 1.271.852.545.44-154.29-129.89 0.86
Return on Capital (%) 0.801.722.545.44-154.29-50.38 -0.36
Net Debt ($m) 0.000.000.080.500.850.00 0.00
Debt Service Ratio 0.000.000.000.010.010.00 0.00
Average Residential Bills 11301130113011291064944 1131
Typical Residential Bills (2016/17$) 11331133113311331068949 1133
Printed 1/02/2017Page 1
Values in 2016/17 $
2029/30
RCC Retail Water LTFM 2016/17 : Case 3 - 3% increaseFINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29Drawdown
STANDARD LOAN PAYMENT SCHEDULE
Rous County Council
0Total Principal 0 0 000000000000000000000 0 0
0Total Interest 0 000000000000000000000 0 0
Printed 1/02/2017Page 1
Values in $'000
RCC Retail Water LTFM 2016/17 : Case 3 - 3% increaseFINMOD
2014/15* 2015/16*
Historical Operating Statement
Rous County Council
EXPENSES
Management Expenses 0 0
Administration
Engineering and Supervision
Operation and Maintenance Expenses 0 0
Operation Expenses
Maintenance Expenses
Energy Costs
Chemical Costs
Purchase of Water
Depreciation 0 0
System Assets
Plant & Equipment
Interest Expenses
Other Expenses
TOTAL EXPENSES0 0
REVENUES
Rates & Service Availability Charges 0 0
Residential
Non-Residential
User Charges 0 0
Sales of Water : Residential
Sales of Water : Non-Residential
Extra Charges
Interest Income
Other Revenues
Grants 0 0
Grants for Acquisition of Assets
Pensioner Rebate Subsidy
Other Grants
Contributions 0 0
Developer Charges
Developer Provided Assets
Other Contributions
TOTAL REVENUES0 0
OPERATING RESULT0 0
OPERATING RESULT (less Grants for Acq of
Assets)
0 0
Printed 1/02/2017Page 1
Values in $'000
RCC Retail Water LTFM 2016/17 : Case 3 - 3% increaseFINMOD
2014/15* 2015/16*
Historical Statement of Financial Position
Rous County Council
Cash and Investments 1000
Receivables
Inventories
Property, Plant & Equipment 0 0
System Assets (1)
Plant & Equipment
Other Assets
TOTAL ASSETS 0 1000
LIABILITIES
Bank Overdraft
Creditors
Borrowings
Provisions
TOTAL LIABILITIES 0 0
NET ASSETS COMMITTED 0 1000
EQUITY
Accumulated Operating Result 1000
Asset Revaluation Reserve
TOTAL EQUITY 0 1000
(1) Notes to System Assets
Current Replacement Cost 7000
Less: Accumulated Depreciation 0 7000
Written Down Current Cost
Printed 1/02/2017Page 2
Values in $'000
2029/30
RCC Retail Water LTFM 2016/17 : Case 3 - 3% increaseFINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29
Base Forecast Data
Rous County Council
Financial Data
2.50Inflation Rate - General (%) 2.50 2.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.50 2.50 2.50
2.50Inflation Rate - Capital Works (%) 2.50 2.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.50 2.50 2.50
6.50Borrowing Interest Rate for New Loans (%) 6.50 6.506.506.506.506.506.506.506.506.506.506.506.506.506.506.506.506.506.506.506.506.50 6.50 6.50
4.50Investment Interest Rate (%) 4.50 4.504.504.504.504.504.504.504.504.504.504.504.504.504.504.504.504.504.504.504.504.50 4.50 4.50
Number of Assessments
Growth Rate (%)
0.00 Residential Assessments 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
0.00 Non-Residential Assessments 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
0.00 Total Assessments 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
Number of New Assessments
0 Residential 0 000000000000000000000 0 0
0 Non-Residential 0 000000000000000000000 0 0
0 Total New Assessments 0 000000000000000000000 0 0
Projected Number of Assessments
2017 Residential 2017 201720172017201720172017201720172017201720172017201720172017201720172017201720172017 2017 2017
15 Non-Residential 15 151515151515151515151515151515151515151515 15 15
2032 Total Projected Assessments 2032 203220322032203220322032203220322032203220322032203220322032203220322032203220322032 2032 2032
Backlog Assessments
0 Residential 0 000000000000000000000 0 0
0 Non-Residential 0 000000000000000000000 0 0
0 Total Backlog Assessments 0 000000000000000000000 0 0
Developer Charges / Vacant Assessments (Values in 2016/17 $)
Developer Charges $/Assessment
0 Residential 0 000000000000000000000 0 0
0 Non-Residential 0 000000000000000000000 0 0
0Number of Vacant Residential Assessments 0 000000000000000000000 0 0
16Average Charge of Vacant Assessments 16 161616161616161616161616161616161616161616 16 16
0 % of Occupied Assessments 0 000000000000000000000 0 0
Depreciation of Existing Plant and Equipment (Values in 2016/17 $'000)
Current Replacement Cost of System Assets 7175
Override
Written Down Current Cost of System Assets 0
Override
Annual Depreciation of Existing System Assets 0
Override 143
Written Down Value of Plant and Equipment 0
Override
0Annual Depreciation of Existing Plant and
Equipment
0 000000000000000000000 0 0
Printed 1/02/2017Page 3
Values in $'000
2029/30
RCC Retail Water LTFM 2016/17 : Case 3 - 3% increaseFINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29
Base Forecast Data
Rous County Council
Existing Loan Payments (Values in Inflated $'000)
0Existing Loan Payments : Principal (Total:0) 0 000000000000000000000 0 0
0Existing Loan Payments : Interest (Total:0) 0 000000000000000000000 0 0
Capital Works Program (Values in 2016/17 $'000)
0Subsidised Scheme (Total:58) 2 0700031120282000400017 9 0
0Other New System Assets (Total:22) 0 0000000000000000000022 0 0
45Renewals (Total:2703) 91 6019087457110168119126457719384454953112615163386 211 45
45Total Capital Works (Total:2783) 93 6019787457110469120128457920186454953116615163425 220 45
0.00Grant For Acquisition of Assets (% of
Subsidised Scheme)
0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
0Grant For Acquisition of Assets ($) (Total:0) 0 000000000000000000000 0 0
0Developer Provided Assets (Total:0) 0 000000000000000000000 0 0
Plant and Equipment Expenditure / Asset Disposal (Values in 2016/17 $'000)
0Plant and Equipment Expenditure 0 000000000000000000000 0 0
0Proceeds from Disposal of Plant and Equipment 0 000000000000000000000 0 0
0Written Down Value of Plant and Equipment
Disposed
0 000000000000000000000 0 0
0Gain/Loss on Disposal of Plant and Equipment 0 000000000000000000000 0 0
0 Proceeds from Disposal of Assets 0 000000000000000000000 0 0
0 Written Down Value of Assets Disposed 0 000000000000000000000 0 0
0 Gain/Loss on Disposal of System Assets 0 000000000000000000000 0 0
Printed 1/02/2017Page 4
Values in $'000
2029/30
RCC Retail Water LTFM 2016/17 : Case 3 - 3% increaseFINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29
Revised/Additional Forecast Data
Rous County Council
OMA / Revenue Overrides (Values in 2016/17 $'000)
0Administration 0 000000000000000000000 0 0
51Override 51 515151515151515151515151515151515151515151 51 51
0Engineering and Supervision 0 000000000000000000000 0 0
320Override 320 320320320320320320320320320320320320320320320320320320320320320 320 320
0Operating Expenses 0 000000000000000000000 0 0
568Override 568 568568568568568568568568568568568568568568568568568568568568568 568 568
0Maintenance Expenses 0 000000000000000000000 0 0
Override
0Energy Costs 0 000000000000000000000 0 0
Override
0Chemical Costs 0 000000000000000000000 0 0
Override
0Purchase of Water 0 000000000000000000000 0 0
1373Override 1373 137313731373137313731373137313731373137313731373137313731373137313731373137313731373 1373 1373
0Other Expenses 0 000000000000000000000 0 0
Override
0Other Revenue 0 000000000000000000000 0 0
159Override 159 159159159159159159159159159159159159159159159159159159159159159 159 159
0Other Grants 0 000000000000000000000 0 0
Override
0Other Contributions 0 000000000000000000000 0 0
Override 22
Developer Charges Overrides (Values in 2016/17 $'000)
0Calculated from Scheme Data 0 000000000000000000000 0 0
Override
Pensioner Rebate (Values in Inflated $)
87.50Pensioner Rebate per Pensioner ($) 87.50 87.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.50 87.50 87.50
Override
55.00Pensioner Rebate Subsidy (%) 55.00 55.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.00 55.00 55.00
Override
0Number of Pensioner Assessments 0 000000000000000000000 0 0
114Override 114 114114114114114114114114114114114114114114114114114114114114114 114 114
0.00Percentage of Pensioners (%) 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
Override
10Pensioner Rebate 10 101010101010101010101010101010101010101010 10 10
6Pensioner Rebate Subsidy 6 666666666666666666666 6 6
Revenue Split (%)
100.00Residential Rates 100.00 100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00 100.00 100.00
Override
0.00Non-Residential Rates 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
Override
0.00Sales of Water: Residential 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
Override
0.00Sales of Water: Non-Residential 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
Override
0.00Extra Charges 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
Override
0.00Total Non-Residential Revenue (%) 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
100.00Total Residential Revenue (%) 100.00 100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00 100.00 100.00
100.00Total 100.00 100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00 100.00 100.00
Printed 1/02/2017Page 5
Values in $'000
2029/30
RCC Retail Water LTFM 2016/17 : Case 3 - 3% increaseFINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29
Revised/Additional Forecast Data
Rous County Council
Printed 1/02/2017Page 6
Values in $'000
2029/30
RCC Retail Water LTFM 2016/17 : Case 3 - 3% increaseFINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29
Revised/Additional Forecast Data
Rous County Council
New Loan Payment Overrides (Values in Inflated $'000)
0Standard Loan Payments: Principal 0 000000000000000000000 0 0
0Standard Loan Payments: Interest 0 000000000000000000000 0 0
0Structured Loan Payments: Principal 0 000000000000000000000 0 0
0Structured Loan Payments: Interest 0 000000000000000000000 0 0
0Capitalised Interest 0 000000000000000000000 0 0
0Total New Loan Payments: Principal 0 000000000000000000000 0 0
Override
0Total New Loan Payments: Interest 0 000000000000000000000 0 0
Override
0Capitalised Interest 0 000000000000000000000 0 0
Override
Printed 1/02/2017Page 7
Values in $'000
2029/30
RCC Retail Water LTFM 2016/17 : Case 3 - 3% increaseFINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29
Operating Statement
Rous County Council
EXPENSES
371Management Expenses 371 371 371 371 371 371 371 371 371 372 371 371 371 371 371 371 372 371 371 371 371 371371 371
51 Administration 51 515151515151515151515151515151515151515151 51 51
320 Engineering and Supervision 320 320320320320320320320320320320320320320320320320320320320320320 320 320
1941Operation and Maintenance Expenses 1941 1940 1942 1942 1941 1941 1941 1941 1941 1941 1940 1941 1942 1941 1941 1941 1941 1941 1941 1941 1941 19411941 1941
568 Operation Expenses 568 568568568568568568568568568568568568568568568568568568568568568 568 568
0 Maintenance Expenses 0 000000000000000000000 0 0
0 Energy Costs 0 000000000000000000000 0 0
0 Chemical Costs 0 000000000000000000000 0 0
1373 Purchase of Water 1373 137313731373137313731373137313731373137313731373137313731373137313731373137313731373 1373 1373
144Depreciation 144 144 145 145 145 145 145 145 144 144 144 144 144 144 144 144 144 144 144 144 144 144144 144
144 System Assets 144 144144144144144144144144144144144144144144145145145145145145144 144 144
0 Plant & Equipment 0 000000000000000000000 0 0
7Interest Expenses 0 000000011314151416212527231780 0 11
0Other Expenses 0 000000000000000000000 0 0
2464TOTAL EXPENSES
2456 2456 2465 2475 2480 2484 2482 2478 2473 2470 2471 2470 2459 2458 2457 2456 2456 2456 2456 2456 2456 2456 24552468
REVENUES
2279Rates & Service Availability Charges 1904 1960 2022 2083 2145 2211 2276 2277 2276 2277 2278 2278 2279 2279 2278 2279 2279 2280 2279 2280 2279 22802277 2278
2279 Residential 2280 228022792279228022792279227822792279227822782277227722762277227622112145208320221904 1960 2278
0 Non-Residential 0 000000000000000000000 0 0
0User Charges 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 0
0 Sales of Water : Residential 0 000000000000000000000 0 0
0 Sales of Water : Non-Residential 0 000000000000000000000 0 0
0Extra Charges 0 000000000000000000000 0 0
0Interest Income 8 7675311000000000000030 8 0
159Other Revenues 159 159159159159159159159159159159159159159159159159159159159159159 159 159
4Grants 6 6 6 6 5 5 5 5 5 5 5 4 4 4 4 4 4 4 4 3 3 35 4
0 Grants for Acquisition of Assets 0 000000000000000000000 0 0
4 Pensioner Rebate Subsidy 3 334444444455555555666 6 4
0 Other Grants 0 000000000000000000000 0 0
0Contributions 22 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 0
0 Developer Charges 0 000000000000000000000 0 0
0 Developer Provided Assets 0 000000000000000000000 0 0
0 Other Contributions 0 0000000000000000000022 0 0
2442TOTAL REVENUES
2121 2133 2186 2247 2310 2375 2440 2441 2440 2441 2441 2442 2442 2441 2442 2442 2443 2445 2448 2448 2450 2448 24492442
-22OPERATING RESULT
-335 -323 -279 -228 -169 -109 -41 -36 -33 -29 -30 -28 -18 -17 -15 -14 -13 -12 -9 -8 -6 -9 -6-26
-22OPERATING RESULT (less Grants for Acq of
Assets)
-335 -323 -279 -228 -169 -109 -41 -36 -33 -29 -30 -28 -18 -17 -15 -14 -13 -12 -9 -8 -6 -9 -6-26
Printed 1/02/2017Page 1
Values in 2016/17 $'000
2029/30
RCC Retail Water LTFM 2016/17 : Case 3 - 3% increaseFINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29
Cashflow Statement
Rous County Council
Cashflow From Operating Activities
Receipts
2279Rates and Charges 2280 228022792279228022792279227822792279227822782277227722762277227622112145208320221904 1960 2278
0Interest Income 8 7675311000000000000030 8 0
159Other Revenues 159 159159159159159159159159159159159159159159159159159159159159159 159 159
4Grants 3 334444444455555555666 6 4
0Contributions 0 0000000000000000000022 0 0
2442Total Receipts from Operations 2121 2133 2186 2247 2310 2375 2440 2441 2440 2441 2441 2442 2442 2441 2442 2442 2443 2445 2448 2448 2450 2448 24492442
Payments
371Management 371 371371371371372371371371371371371371372371371371371371371371371 371 371
1941Operations (plus WC Inc) 1941 194119411941194119411941194119411942194119401941194119411941194119411941194219421941 1940 1941
7Interest Expenses 0 000000011314151416212527231780 0 11
0Other Expenses 0 000000000000000000000 0 0
2319Total Payments from Operations 2312 2311 2321 2330 2335 2339 2337 2333 2328 2326 2327 2326 2315 2314 2313 2312 2312 2313 2312 2312 2312 2312 23122324
123Net Cash from Operations -191 -179 -134 -83 -24 36 103 109 112 115 114 116 127 128 129 130 131 132 135 136 138 135 138118
Cashflow from Capital Activities
Receipts
0Proceeds from Disposal of Assets 0 000000000000000000000 0 0
Payments
45Acquisition of Assets 93 6019787457110569120128457920186454953117615163425 220 45
-45Net Cash from Capital Activities -425 -220 -63 -51 -61 -117 -53 -49 -45 -86 -201 -79 -45 -128 -120 -69 -105 -71 -45 -87 -93 -197 -60-45
CashFlow from Financing Activities
Receipts
0New Loans Required 0 000000000000000000000 0 0
Payments
0Principal Loan Payments 0 000000000000000000000 0 0
0Net Cash from Financing Activities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00
78TOTAL NET CASH -616 -398 -197 -134 -85 -80 51 60 66 30 -87 37 81 0 9 61 26 61 90 49 45 -61 7773
78Current Year Cash 45 77-614990612661908137-8730666051-80-85-134-197-616 -398 73
-201Cash & Investments @Year Start 244 2152822011155833-28-37-38-120-322-244-279-353-421-483-415-340-215-231000 375 -279
-123Cash & Investments @Year End 289 2922202502061185934-28-38-39-286-330-250-286-362-432-495-425-348-220384 -23 -206
Capital Works Funding:
0Internal Funding for New Works ($'000) 2 0700031120282000400039 9 0
45Internal Funding for Renewals 91 6019087457110168119126457719384454953112615163386 211 45
0New Loans 0 000000000000000000000 0 0
0Grants 0 000000000000000000000 0 0
45Total Capital Works 425 220 63 51 61 117 53 49 45 86 201 79 45 128 120 69 105 71 45 87 93 197 6045
Printed 1/02/2017Page 2
Values in 2016/17 $'000
2029/30
RCC Retail Water LTFM 2016/17 : Case 3 - 3% increaseFINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29
Statement of Financial Position
Rous County Council
0Cash and Investments 289 29222025020611859340000000000000384 0 0
0Receivables 0 000000000000000000000 0 0
0Inventories 0 000000000000000000000 0 0
-485Property, Plant & Equipment 281 356 274 180 95 66 -27 -122 -221 -279 -287 -585 -601 -625 -700 -739 -811 -909 -966 -1018 -965 -1049-222 -386
-485System Assets (1) -1018 -1049-965-966-909-811-739-700-625-601-585-287-222-279-221-122-276695180274281 356 -386
0Plant & Equipment 0 000000000000000000000 0 0
0Other Assets 0 000000000000000000000 0 0
-485TOTAL ASSETS 665 356 274 180 95 66 -27 -122 -221 -279 -222 -287 -585 -601 -625 -666 -680 -692 -704 -716 -729 -745 -756-386
LIABILITIES
123Bank Overdraft 0 00000002838392863302502863624324954253482200 23 206
0Creditors 0 000000000000000000000 0 0
0Borrowings 0 000000000000000000000 0 0
0Provisions 0 000000000000000000000 0 0
123TOTAL LIABILITIES 0 23 220 348 425 495 432 362 286 250 330 286 39 38 28 0 0 0 0 0 0 0 0206
-609NET ASSETS COMMITTED 665 333 54 -168 -330 -429 -459 -484 -506 -529 -552 -572 -624 -639 -653 -666 -680 -692 -704 -716 -729 -745 -756-592
EQUITY
-596Accumulated Operating Result -576 -562-570-583-590-596-599-601-602-601-599-576-562-545-529-509-485-454-354-18939665 326 -588
-18Asset Revaluation Reserve -264 -351-308-223-186-154-126-100-77-55-3551220273030292723160 7 -5
-609TOTAL EQUITY 665 333 54 -168 -330 -429 -459 -484 -507 -529 -552 -572 -624 -639 -653 -666 -680 -692 -704 -716 -729 -745 -756-592
(1) Notes to System Assets
7238 Current Replacement Cost 7248 725572557246724672467246724272417240723872397236722872277226722672267222722372227214 7222 7239
7724 Less: Accumulated Depreciation 8266 830482208213815680577984794278667841782375257458750874477348725371607127704269486933 6866 7624
-485 Written Down Current Cost -1018 -1049-965-966-909-811-739-700-625-601-585-287-222-279-221-122-276695180274281 356 -386
Printed 1/02/2017Page 3
Values in 2016/17 $'000
2029/30
RCC Retail Water LTFM 2016/17 : Case 3 - 3% increaseFINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29
Performance Indicators
Rous County Council
1133Typical Residential Bills 1133 11331133113311331133113311331133113311331133113311331133113311331100106810371007949 977 1133
1129Average Residential Bills (2016/17$) 1130 11301130113011301130113011301130113011301129112911291129112911291096106410331002944 972 1129
182Mgmnt Cost / Assessment (2016/17$) 182 182182183182183183183183182183183183183182183183183182183183183 182 183
462OMA Cost per Assessment (2016/17$) 462 462462462462462462462462462462462462462462462462462462462463462 461 462
-0.59Operating Sales Margin (%) -0.57 -0.54-0.58-0.59-0.55-0.61-0.58-0.59-0.58-0.62-0.61-0.56-0.61-0.62-0.67-0.62-0.67-3.46-6.35-9.38-12.41-17.46 -15.56 -0.61
2.99Economic Real Rate of Return (%) 1.37 1.271.471.481.481.851.912.072.262.532.544.796.695.447.4312.4161.29-124.00-154.29-117.01-98.96-129.89 -92.88 3.85
0.00Debt Service Ratio 0.00 0.000.000.000.000.000.000.000.000.000.000.010.010.010.010.010.010.010.010.010.000.00 0.00 0.00
-0.20Debt/Equity Ratio 0.00 0.000.000.000.000.000.000.00-0.04-0.06-0.06-0.50-0.60-0.47-0.56-0.75-0.94-1.15-1.29-2.074.050.00 0.07 -0.35
-2.00Interest Cover 0.00 0.000.000.000.000.000.000.00-10.50-11.00-5.25-0.95-1.00-1.12-1.00-0.72-0.66-3.10-6.48-12.61-35.630.00 0.00 -1.33
2.99Return on capital (%) 0.88 0.801.141.081.211.721.892.072.262.532.544.796.695.447.4312.4161.29-124.00-154.29-117.01-98.96-50.38 -90.68 3.85
-123Cash and Investments (2016/17$'000) 289 2922202502061185934-28-38-39-286-330-250-286-362-432-495-425-348-220384 -23 -206
123Debt outstanding (2016/17$'000) 0 00000002838392863302502863624324954253482200 23 206
246Net Debt (2016/17$'000) 0 00000005676785726605005727248649908506964400 46 412
Printed 1/02/2017Page 4
RCC Flood mitigation LTFM 2016/17 : Case 3 - funding requiredFINMOD
2016/17 2020/21 2025/26 2030/31 2035/36 2040/41 2045/46
Summary Report of Assumptions and Results
Rous County Council
Inflation Rates - General (%) 2.502.502.502.502.502.50 2.50
Inflation Rates - Capital Works (%) 2.502.502.502.502.502.50 2.50
Borrowing Interest Rate (%) 6.506.506.506.506.506.50 6.50
Term of New Loans (years) 202020202020 20
Investment Interest Rate (%) 4.504.504.504.504.504.50 4.50
Growth Rate - Residential (%) 0.000.000.000.000.000.00 0.00
Developer Charges per Assessment -
Residential (2016/17 $)
000000 0
Subsidised Scheme Capital Works ($m) 0.000.000.000.000.000.00 0.00
Grants on Acquisition of Assets ($m) 0.000.000.000.000.000.00 0.00
Renewals ($m) 0.350.350.350.350.350.31 0.35
Renewals (%) 0.290.290.290.290.290.25 0.29
Borrowing Outstanding ($m) 0.000.000.000.000.000.16 0.00
Mgmnt Cost / Assessment 486486486486486486 486
Debt Equity Ratio 0.000.000.000.000.000.00 0.00
OMA Cost Per Assessment 794794794794794794 794
Economic Real Rate of Return (%) -0.43-0.42-0.41-0.40-0.73-0.69 -0.44
Return on Capital (%) -0.41-0.40-0.39-0.38-0.70-0.60 -0.42
Net Debt ($m) 0.000.000.000.000.000.00 0.00
Debt Service Ratio 0.000.000.000.000.000.06 0.00
Average Residential Bills 1000100010001000600600 1000
Typical Residential Bills (2016/17$) 1000100010001000600600 1000
Printed 1/02/2017Page 1
Values in 2016/17 $
2029/30
RCC Flood mitigation LTFM 2016/17 : Case 3 - funding requiredFINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29Drawdown
STANDARD LOAN PAYMENT SCHEDULE
Rous County Council
0Total Principal 0 0 000000000000000000000 0 0
0Total Interest 0 000000000000000000000 0 0
Printed 1/02/2017Page 1
Values in $'000
RCC Flood mitigation LTFM 2016/17 : Case 3 - funding requiredFINMOD
2014/15* 2015/16*
Historical Operating Statement
Rous County Council
EXPENSES
Management Expenses 603 464
Administration
Engineering and Supervision 603 464
Operation and Maintenance Expenses 611 539
Operation Expenses 611 539
Maintenance Expenses
Energy Costs
Chemical Costs
Purchase of Water
Depreciation 830 876
System Assets 780 827
Plant & Equipment 50 49
Interest Expenses 17 15
Other Expenses 217 223
TOTAL EXPENSES2278 2117
REVENUES
Rates & Service Availability Charges 664 678
Residential 664 678
Non-Residential
User Charges 0 0
Sales of Water : Residential
Sales of Water : Non-Residential
Extra Charges
Interest Income 90 73
Other Revenues 0 0
Grants 521 551
Grants for Acquisition of Assets 116 0
Pensioner Rebate Subsidy
Other Grants 405 551
Contributions 0 0
Developer Charges
Developer Provided Assets
Other Contributions
TOTAL REVENUES1275 1302
OPERATING RESULT-1003 -815
OPERATING RESULT (less Grants for Acq of
Assets)
-1119 -815
Printed 1/02/2017Page 1
Values in $'000
RCC Flood mitigation LTFM 2016/17 : Case 3 - funding requiredFINMOD
2014/15* 2015/16*
Historical Statement of Financial Position
Rous County Council
Cash and Investments 2591 2489
Receivables 114 41
Inventories 55 52
Property, Plant & Equipment 118799 119712
System Assets (1) 118799 119712
Plant & Equipment 0 0
Other Assets 17 15
TOTAL ASSETS 121576 122309
LIABILITIES
Bank Overdraft
Creditors 97 61
Borrowings 243 200
Provisions 104 99
TOTAL LIABILITIES 444 360
NET ASSETS COMMITTED 121132 121949
EQUITY
Accumulated Operating Result 50261 49322
Asset Revaluation Reserve 70871 72627
TOTAL EQUITY 121132 121949
(1) Notes to System Assets
Current Replacement Cost 112420 118627
Less: Accumulated Depreciation -6379 -1085
Written Down Current Cost 118799 119712
Printed 1/02/2017Page 2
Values in $'000
2029/30
RCC Flood mitigation LTFM 2016/17 : Case 3 - funding requiredFINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29
Base Forecast Data
Rous County Council
Financial Data
2.50Inflation Rate - General (%) 2.50 2.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.50 2.50 2.50
2.50Inflation Rate - Capital Works (%) 2.50 2.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.50 2.50 2.50
6.50Borrowing Interest Rate for New Loans (%) 6.50 6.506.506.506.506.506.506.506.506.506.506.506.506.506.506.506.506.506.506.506.506.50 6.50 6.50
4.50Investment Interest Rate (%) 4.50 4.504.504.504.504.504.504.504.504.504.504.504.504.504.504.504.504.504.504.504.504.50 4.50 4.50
Number of Assessments
Growth Rate (%)
0.00 Residential Assessments 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
0.00 Non-Residential Assessments 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
0.00 Total Assessments 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
Number of New Assessments
0 Residential 0 000000000000000000000 0 0
0 Non-Residential 0 000000000000000000000 0 0
0 Total New Assessments 0 000000000000000000000 0 0
Projected Number of Assessments
1000 Residential 1000 100010001000100010001000100010001000100010001000100010001000100010001000100010001000 1000 1000
0 Non-Residential 0 000000000000000000000 0 0
1000 Total Projected Assessments 1000 100010001000100010001000100010001000100010001000100010001000100010001000100010001000 1000 1000
Backlog Assessments
0 Residential 0 000000000000000000000 0 0
0 Non-Residential 0 000000000000000000000 0 0
0 Total Backlog Assessments 0 000000000000000000000 0 0
Developer Charges / Vacant Assessments (Values in 2016/17 $)
Developer Charges $/Assessment
0 Residential 0 000000000000000000000 0 0
0 Non-Residential 0 000000000000000000000 0 0
0Number of Vacant Residential Assessments 0 000000000000000000000 0 0
100Average Charge of Vacant Assessments 100 100100100100100100100100100100100100100100100100100100100100100 100 100
0 % of Occupied Assessments 0 000000000000000000000 0 0
Depreciation of Existing Plant and Equipment (Values in 2016/17 $'000)
Current Replacement Cost of System Assets 121593
Override
Written Down Current Cost of System Assets 122705
Override
Annual Depreciation of Existing System Assets 848
Override
Written Down Value of Plant and Equipment 0
Override
0Annual Depreciation of Existing Plant and
Equipment
0 000000000000000000000 0 0
Printed 1/02/2017Page 3
Values in $'000
2029/30
RCC Flood mitigation LTFM 2016/17 : Case 3 - funding requiredFINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29
Base Forecast Data
Rous County Council
Existing Loan Payments (Values in Inflated $'000)
0Existing Loan Payments : Principal (Total:200) 0 000000000000000000555245 48 0
0Existing Loan Payments : Interest (Total:30) 0 0000000000000000003612 9 0
Capital Works Program (Values in 2016/17 $'000)
0Subsidised Scheme (Total:0) 0 000000000000000000000 0 0
10Other New System Assets (Total:300) 10 101010101010101010101010101010101010101010 10 10
350Renewals (Total:10457) 350 350350350350350350350350350350350350350350350350350350350350307 350 350
360Total Capital Works (Total:10757) 360 360360360360360360360360360360360360360360360360360360360360317 360 360
0.00Grant For Acquisition of Assets (% of
Subsidised Scheme)
0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
0Grant For Acquisition of Assets ($) (Total:0) 0 000000000000000000000 0 0
0Developer Provided Assets (Total:0) 0 000000000000000000000 0 0
Plant and Equipment Expenditure / Asset Disposal (Values in 2016/17 $'000)
0Plant and Equipment Expenditure 0 000000000000000000000 0 0
0Proceeds from Disposal of Plant and Equipment 0 000000000000000000000 0 0
0Written Down Value of Plant and Equipment
Disposed
0 000000000000000000000 0 0
0Gain/Loss on Disposal of Plant and Equipment 0 000000000000000000000 0 0
0 Proceeds from Disposal of Assets 0 000000000000000000000 0 0
0 Written Down Value of Assets Disposed 0 000000000000000000000 0 0
0 Gain/Loss on Disposal of System Assets 0 000000000000000000000 0 0
Printed 1/02/2017Page 4
Values in $'000
2029/30
RCC Flood mitigation LTFM 2016/17 : Case 3 - funding requiredFINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29
Revised/Additional Forecast Data
Rous County Council
OMA / Revenue Overrides (Values in 2016/17 $'000)
0Administration 0 000000000000000000000 0 0
370Override 370 370370370370370370370370370370370370370370370370370370370370370 370 370
476Engineering and Supervision 476 476476476476476476476476476476476476476476476476476476476476476 476 476
116Override 116 116116116116116116116116116116116116116116116116116116116116116 116 116
552Operating Expenses 552 552552552552552552552552552552552552552552552552552552552552552 552 552
0Override 0 000000000000000000000 0 0
0Maintenance Expenses 0 000000000000000000000 0 0
308Override 308 308308308308308308308308308308308308308308308308308308308308308 308 308
0Energy Costs 0 000000000000000000000 0 0
Override
0Chemical Costs 0 000000000000000000000 0 0
Override
0Purchase of Water 0 000000000000000000000 0 0
Override
229Other Expenses 229 229229229229229229229229229229229229229229229229229229229229229 229 229
22Override 22 222222222222222222222222222222222222222222 22 22
0Other Revenue 0 000000000000000000000 0 0
27Override 27 272727272727272727272727272727272727272758 27 27
565Other Grants 565 565565565565565565565565565565565565565565565565565565565565565 565 565
85Override 85 858585858585858585858585858585858585858585 85 85
0Other Contributions 0 000000000000000000000 0 0
75Override 75 757575757575757575757575757575757575757575 75 75
Developer Charges Overrides (Values in 2016/17 $'000)
0Calculated from Scheme Data 0 000000000000000000000 0 0
Override
Pensioner Rebate (Values in Inflated $)
87.50Pensioner Rebate per Pensioner ($) 87.50 87.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.50 87.50 87.50
Override
55.00Pensioner Rebate Subsidy (%) 55.00 55.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.00 55.00 55.00
Override
0Number of Pensioner Assessments 0 000000000000000000000 0 0
Override
0.00Percentage of Pensioners (%) 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
Override
0Pensioner Rebate 0 000000000000000000000 0 0
0Pensioner Rebate Subsidy 0 000000000000000000000 0 0
Revenue Split (%)
100.00Residential Rates 100.00 100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00 100.00 100.00
Override
0.00Non-Residential Rates 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
Override
0.00Sales of Water: Residential 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
Override
0.00Sales of Water: Non-Residential 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
Override
0.00Extra Charges 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
Override
0.00Total Non-Residential Revenue (%) 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
100.00Total Residential Revenue (%) 100.00 100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00 100.00 100.00
100.00Total 100.00 100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00 100.00 100.00
Printed 1/02/2017Page 5
Values in $'000
2029/30
RCC Flood mitigation LTFM 2016/17 : Case 3 - funding requiredFINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29
Revised/Additional Forecast Data
Rous County Council
Printed 1/02/2017Page 6
Values in $'000
2029/30
RCC Flood mitigation LTFM 2016/17 : Case 3 - funding requiredFINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29
Revised/Additional Forecast Data
Rous County Council
New Loan Payment Overrides (Values in Inflated $'000)
0Standard Loan Payments: Principal 0 000000000000000000000 0 0
0Standard Loan Payments: Interest 0 000000000000000000000 0 0
0Structured Loan Payments: Principal 0 000000000000000000000 0 0
0Structured Loan Payments: Interest 0 000000000000000000000 0 0
0Capitalised Interest 0 000000000000000000000 0 0
0Total New Loan Payments: Principal 0 000000000000000000000 0 0
Override
0Total New Loan Payments: Interest 0 000000000000000000000 0 0
Override
0Capitalised Interest 0 000000000000000000000 0 0
Override
Printed 1/02/2017Page 7
Values in $'000
2029/30
RCC Flood mitigation LTFM 2016/17 : Case 3 - funding requiredFINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29
Operating Statement
Rous County Council
EXPENSES
486Management Expenses 486 486 486 486 486 486 486 486 486 486 485 486 486 486 486 486 486 486 486 486 486 486486 486
370 Administration 370 370370370370370370370370370370370370370370370370370370370370370 370 370
116 Engineering and Supervision 116 116116116116116116116116116116116116116116116116116116116116116 116 116
308Operation and Maintenance Expenses 308 308 308 308 308 308 308 308 308 308 308 308 308 308 308 308 308 308 308 308 308 308308 308
0 Operation Expenses 0 000000000000000000000 0 0
308 Maintenance Expenses 308 308308308308308308308308308308308308308308308308308308308308308 308 308
0 Energy Costs 0 000000000000000000000 0 0
0 Chemical Costs 0 000000000000000000000 0 0
0 Purchase of Water 0 000000000000000000000 0 0
848Depreciation 848 848 848 848 848 848 848 848 848 848 848 848 848 848 848 848 848 848 848 848 848 848848 848
848 System Assets 848 848848848848848848848848848848848848848848848848848848848848848 848 848
0 Plant & Equipment 0 000000000000000000000 0 0
0Interest Expenses 0 0000000000000000003612 9 0
22Other Expenses 22 222222222222222222222222222222222222222222 22 22
1664TOTAL EXPENSES
1676 1673 1670 1667 1663 1663 1664 1664 1664 1664 1663 1663 1664 1664 1664 1664 1663 1663 1664 1664 1664 1665 16641664
REVENUES
1000Rates & Service Availability Charges 600 600 600 600 600 930 1000 1000 1000 1000 1000 1000 1000 1000 1000 1000 1000 1000 1000 1000 1000 10001000 1000
1000 Residential 1000 1000100010001000100010001000100010001000100010001000100010001000930600600600600 600 1000
0 Non-Residential 0 000000000000000000000 0 0
0User Charges 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 0
0 Sales of Water : Residential 0 000000000000000000000 0 0
0 Sales of Water : Non-Residential 0 000000000000000000000 0 0
0Extra Charges 0 000000000000000000000 0 0
22Interest Income 22 2222232323222323232323232222222222314868104 88 22
27Other Revenues 27 272727272727272727272727272727272727272758 27 27
85Grants 85 85 85 85 85 85 85 85 85 85 85 85 85 85 85 85 85 85 85 85 85 8585 85
0 Grants for Acquisition of Assets 0 000000000000000000000 0 0
0 Pensioner Rebate Subsidy 0 000000000000000000000 0 0
85 Other Grants 85 858585858585858585858585858585858585858585 85 85
75Contributions 75 75 75 75 75 75 75 75 75 75 75 75 75 75 75 75 75 75 75 75 75 7575 75
0 Developer Charges 0 000000000000000000000 0 0
0 Developer Provided Assets 0 000000000000000000000 0 0
75 Other Contributions 75 757575757575757575757575757575757575757575 75 75
1209TOTAL REVENUES
922 875 854 836 818 1139 1209 1209 1209 1210 1210 1210 1210 1210 1210 1210 1210 1210 1210 1210 1209 1209 12091209
-455OPERATING RESULT
-754 -798 -817 -831 -845 -524 -455 -455 -455 -454 -453 -453 -454 -454 -454 -454 -453 -454 -454 -454 -455 -456 -455-455
-455OPERATING RESULT (less Grants for Acq of
Assets)
-754 -798 -817 -831 -845 -524 -455 -455 -455 -454 -453 -453 -454 -454 -454 -454 -453 -454 -454 -454 -455 -456 -455-455
Printed 1/02/2017Page 1
Values in 2016/17 $'000
2029/30
RCC Flood mitigation LTFM 2016/17 : Case 3 - funding requiredFINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29
Cashflow Statement
Rous County Council
Cashflow From Operating Activities
Receipts
1000Rates and Charges 1000 1000100010001000100010001000100010001000100010001000100010001000930600600600600 600 1000
22Interest Income 22 2222232323222323232323232222222222314868104 88 22
27Other Revenues 27 272727272727272727272727272727272727272758 27 27
85Grants 85 858585858585858585858585858585858585858585 85 85
75Contributions 75 757575757575757575757575757575757575757575 75 75
1209Total Receipts from Operations 922 875 854 836 818 1139 1209 1209 1209 1210 1210 1210 1210 1210 1210 1210 1210 1210 1210 1210 1209 1209 12091209
Payments
486Management 486 486486486486486486486486486486485486486486486486486486486486486 486 486
307Operations (plus WC Inc) 306 306307306306307306306306306306306306307306305305305305306306306 305 306
0Interest Expenses 0 0000000000000000003612 9 0
22Other Expenses 22 222222222222222222222222222222222222222222 22 22
815Total Payments from Operations 826 822 820 816 813 813 814 814 814 814 814 814 814 814 814 814 814 814 814 814 814 815 814815
395Net Cash from Operations 96 53 34 20 5 326 395 395 395 396 396 396 396 396 396 396 396 395 395 396 394 394 395394
Cashflow from Capital Activities
Receipts
0Proceeds from Disposal of Assets 0 000000000000000000000 0 0
Payments
360Acquisition of Assets 360 360360360360360360360360360360360360360359360360360360360361317 360 360
-360Net Cash from Capital Activities -317 -360 -361 -360 -360 -360 -360 -360 -359 -360 -360 -360 -360 -360 -360 -360 -360 -360 -360 -360 -360 -360 -360-360
CashFlow from Financing Activities
Receipts
0New Loans Required 0 000000000000000000000 0 0
Payments
0Principal Loan Payments 0 000000000000000000514945 47 0
0Net Cash from Financing Activities -45 -47 -49 -51 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00
35TOTAL NET CASH -266 -354 -376 -392 -354 -34 34 35 35 36 36 36 35 36 36 35 36 35 35 36 34 34 3534
35Current Year Cash 34 35343635353635363635363636353534-34-354-392-376-266 -354 34
670Cash & Investments @Year Start 819 845832804788773757740723705687633612592571550529576945136017702489 2169 652
704Cash & Investments @Year End 853 88186683982480879277575974172366864862860758656454359196913942223 1815 686
Capital Works Funding:
10Internal Funding for New Works ($'000) 10 101010101010101010101010101010101010101010 10 10
350Internal Funding for Renewals 350 350350350350350350350350350350350350350350350350350350350350307 350 350
0New Loans 0 000000000000000000000 0 0
0Grants 0 000000000000000000000 0 0
360Total Capital Works 317 360 361 360 360 360 360 360 359 360 360 360 360 360 360 360 360 360 360 360 360 360 360360
Printed 1/02/2017Page 2
Values in 2016/17 $'000
2029/30
RCC Flood mitigation LTFM 2016/17 : Case 3 - funding requiredFINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29
Statement of Financial Position
Rous County Council
704Cash and Investments 853 88186683982480879277575974172366864862860758656454359196913942223 1815 686
40Receivables 39 404039393938393939404041414141414242424242 42 40
52Inventories 52 525252525353535352525252515150515152525253 53 52
115832Property, Plant & Equipment 122174 121686 121198 120711 120223 119736 119249 118761 118272 117784 116809 115345 114857 114369 113881 113394 112907 112420 111933 111445 110956 110468117296 116320
115832System Assets (1) 111445 110468110956111933112420112907113394113881114369114857115345116809117296117784118272118761119249119736120223120711121198122174 121686 116320
0Plant & Equipment 0 000000000000000000000 0 0
11Other Assets 9 8999910101010111112121213131314141415 15 11
116640TOTAL ASSETS 124507 123610 122701 121788 120921 120384 119918 119450 118983 118516 118048 117581 116170 115700 115229 114758 114287 113816 113344 112873 112398 111923 111449117110
LIABILITIES
0Bank Overdraft 0 000000000000000000000 0 0
65Creditors 64 646464636363646464646565656565656564646463 63 65
0Borrowings 0 000000000000000000052155 104 0
102Provisions 102 102102102103103103103102102102102102102103103103103102102102101 101 102
166TOTAL LIABILITIES 319 269 218 166 167 167 167 167 167 167 167 167 166 166 166 166 166 166 166 166 166 166 166167
116473NET ASSETS COMMITTED 124188 123340 122483 121621 120754 120217 119751 119283 118815 118348 117881 117414 116004 115534 115063 114592 114121 113650 113178 112707 112232 111757 111283116943
EQUITY
28920Accumulated Operating Result 19447 176111851720400213752237523399244492552626629277613132932577338563516736513378923930640826427134463248568 46585 30110
120693Asset Revaluation Reserve 159736 16942716453215503615043014591714149513716313291812876012468511295110919710552010191798388949319154488226849768179275620 78674 116782
116473TOTAL EQUITY 124188 123340 122483 121621 120754 120217 119751 119283 118815 118348 117881 117414 116004 115534 115063 114592 114121 113650 113178 112707 112232 111757 111283116943
(1) Notes to System Assets
121734 Current Replacement Cost 121824 121844121834121814121803121793121783121773121763121753121743121714121704121694121684121674121664121654121644121634121623121603 121613 121723
5901 Less: Accumulated Depreciation 10379 11375108779881938488868389789273946896639949054408391034122913241519181421922425-571 -73 5403
115832 Written Down Current Cost 111445 110468110956111933112420112907113394113881114369114857115345116809117296117784118272118761119249119736120223120711121198122174 121686 116320
Printed 1/02/2017Page 3
Values in 2016/17 $'000
2029/30
RCC Flood mitigation LTFM 2016/17 : Case 3 - funding requiredFINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29
Performance Indicators
Rous County Council
1000Typical Residential Bills 1000 1000100010001000100010001000100010001000100010001000100010001000930600600600600 600 1000
1000Average Residential Bills (2016/17$) 1000 1000100010001000100010001000100010001000100010001000100010001000930600600600600 600 1000
486Mgmnt Cost / Assessment (2016/17$) 486 486486486486486486486486486486485486486486486486486486486486486 486 486
794OMA Cost per Assessment (2016/17$) 794 794795794794794794795794794794793794794794794794794794794795794 794 794
-40.22Operating Sales Margin (%) -40.23 -40.13-40.24-40.12-40.15-40.09-40.06-40.20-40.18-40.20-40.19-40.14-40.07-40.12-40.18-40.18-40.16-48.89-111.28-111.32-111.74-103.42 -111.40 -40.23
-0.41Economic Real Rate of Return (%) -0.43 -0.43-0.43-0.43-0.42-0.42-0.42-0.42-0.42-0.42-0.41-0.41-0.41-0.40-0.40-0.40-0.40-0.46-0.73-0.73-0.72-0.69 -0.72 -0.41
0.00Debt Service Ratio 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.060.060.06 0.06 0.00
0.00Debt/Equity Ratio 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
0.00Interest Cover 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00-297.33-142.00-61.83 -89.89 0.00
-0.39Return on capital (%) -0.41 -0.41-0.41-0.40-0.40-0.40-0.40-0.40-0.39-0.39-0.39-0.39-0.38-0.38-0.38-0.38-0.38-0.44-0.70-0.68-0.66-0.60 -0.64 -0.39
704Cash and Investments (2016/17$'000) 853 88186683982480879277575974172366864862860758656454359196913942223 1815 686
0Debt outstanding (2016/17$'000) 0 000000000000000000052155 104 0
0Net Debt (2016/17$'000) 0 000000000000000000000 0 0
Printed 1/02/2017Page 4
RCC Weed Biosecurity LTFM 2016/17 : Base Case Oct 2017FINMOD
2016/17 2020/21 2025/26 2030/31 2035/36 2040/41 2045/46
Summary Report of Assumptions and Results
Rous County Council
Inflation Rates - General (%) 2.502.502.502.502.502.50 2.50
Inflation Rates - Capital Works (%) 2.502.502.502.502.502.50 2.50
Borrowing Interest Rate (%) 6.506.506.506.506.506.50 6.50
Term of New Loans (years) 202020202020 20
Investment Interest Rate (%) 4.504.504.504.504.504.50 4.50
Growth Rate - Residential (%) 0.000.000.000.000.000.00 0.00
Developer Charges per Assessment -
Residential (2016/17 $)
000000 0
Subsidised Scheme Capital Works ($m) 0.000.000.000.000.000.00 0.00
Grants on Acquisition of Assets ($m) 0.000.000.000.000.000.00 0.00
Renewals ($m) 0.000.000.000.000.000.00 0.00
Renewals (%) 0.000.000.000.000.000.00 0.00
Borrowing Outstanding ($m) 0.000.000.000.000.000.00 0.00
Mgmnt Cost / Assessment 415415415416415415 415
Debt Equity Ratio 0.000.000.000.000.000.00 0.00
OMA Cost Per Assessment 120512051205120612051205 1206
Economic Real Rate of Return (%) 5.356.909.6713.686.695.79 4.37
Return on Capital (%) 3.484.115.046.174.494.57 2.99
Net Debt ($m) 0.000.000.000.000.000.00 0.00
Debt Service Ratio 0.000.000.000.000.000.00 0.00
Average Residential Bills 738738738738738738 738
Typical Residential Bills (2016/17$) 738738738738738738 738
Printed 1/02/2017Page 1
Values in 2016/17 $
2029/30
RCC Weed Biosecurity LTFM 2016/17 : Base Case Oct 2017FINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29Drawdown
STANDARD LOAN PAYMENT SCHEDULE
Rous County Council
0Total Principal 0 0 000000000000000000000 0 0
0Total Interest 0 000000000000000000000 0 0
Printed 1/02/2017Page 1
Values in $'000
RCC Weed Biosecurity LTFM 2016/17 : Base Case Oct 2017FINMOD
2014/15* 2015/16*
Historical Operating Statement
Rous County Council
EXPENSES
Management Expenses 620 669
Administration
Engineering and Supervision 620 669
Operation and Maintenance Expenses 373 285
Operation Expenses 373 285
Maintenance Expenses
Energy Costs
Chemical Costs
Purchase of Water
Depreciation 83 94
System Assets
Plant & Equipment 83 94
Interest Expenses 0
Other Expenses 296 291
TOTAL EXPENSES1372 1339
REVENUES
Rates & Service Availability Charges 12 17
Residential 12 17
Non-Residential
User Charges 0 0
Sales of Water : Residential 0 0
Sales of Water : Non-Residential
Extra Charges
Interest Income 21 36
Other Revenues 724 768
Grants 1099 517
Grants for Acquisition of Assets
Pensioner Rebate Subsidy
Other Grants 1099 517
Contributions 0 0
Developer Charges
Developer Provided Assets
Other Contributions
TOTAL REVENUES1856 1338
OPERATING RESULT484 -1
OPERATING RESULT (less Grants for Acq of
Assets)
484 -1
Printed 1/02/2017Page 1
Values in $'000
RCC Weed Biosecurity LTFM 2016/17 : Base Case Oct 2017FINMOD
2014/15* 2015/16*
Historical Statement of Financial Position
Rous County Council
Cash and Investments 989 1070
Receivables 5 33
Inventories 4 13
Property, Plant & Equipment 506 547
System Assets (1) 0
Plant & Equipment 506 547
Other Assets 9 16
TOTAL ASSETS 1513 1679
LIABILITIES
Bank Overdraft
Creditors 88 309
Borrowings
Provisions 102 126
TOTAL LIABILITIES 190 435
NET ASSETS COMMITTED 1323 1244
EQUITY
Accumulated Operating Result 1082 1003
Asset Revaluation Reserve 241 241
TOTAL EQUITY 1323 1244
(1) Notes to System Assets
Current Replacement Cost 851
Less: Accumulated Depreciation 0 851
Written Down Current Cost 0
Printed 1/02/2017Page 2
Values in $'000
2029/30
RCC Weed Biosecurity LTFM 2016/17 : Base Case Oct 2017FINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29
Base Forecast Data
Rous County Council
Financial Data
2.50Inflation Rate - General (%) 2.50 2.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.50 2.50 2.50
2.50Inflation Rate - Capital Works (%) 2.50 2.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.50 2.50 2.50
6.50Borrowing Interest Rate for New Loans (%) 6.50 6.506.506.506.506.506.506.506.506.506.506.506.506.506.506.506.506.506.506.506.506.50 6.50 6.50
4.50Investment Interest Rate (%) 4.50 4.504.504.504.504.504.504.504.504.504.504.504.504.504.504.504.504.504.504.504.504.50 4.50 4.50
Number of Assessments
Growth Rate (%)
0.00 Residential Assessments 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
0.00 Non-Residential Assessments 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
0.00 Total Assessments 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
Number of New Assessments
0 Residential 0 000000000000000000000 0 0
0 Non-Residential 0 000000000000000000000 0 0
0 Total New Assessments 0 000000000000000000000 0 0
Projected Number of Assessments
1000 Residential 1000 100010001000100010001000100010001000100010001000100010001000100010001000100010001000 1000 1000
0 Non-Residential 0 000000000000000000000 0 0
1000 Total Projected Assessments 1000 100010001000100010001000100010001000100010001000100010001000100010001000100010001000 1000 1000
Backlog Assessments
0 Residential 0 000000000000000000000 0 0
0 Non-Residential 0 000000000000000000000 0 0
0 Total Backlog Assessments 0 000000000000000000000 0 0
Developer Charges / Vacant Assessments (Values in 2016/17 $)
Developer Charges $/Assessment
0 Residential 0 000000000000000000000 0 0
0 Non-Residential 0 000000000000000000000 0 0
0Number of Vacant Residential Assessments 0 000000000000000000000 0 0
100Average Charge of Vacant Assessments 100 100100100100100100100100100100100100100100100100100100100100100 100 100
0 % of Occupied Assessments 0 000000000000000000000 0 0
Depreciation of Existing Plant and Equipment (Values in 2016/17 $'000)
Current Replacement Cost of System Assets 872
Override
Written Down Current Cost of System Assets 0
Override
Annual Depreciation of Existing System Assets 0
Override 11
Written Down Value of Plant and Equipment 547
Override
0Annual Depreciation of Existing Plant and
Equipment
0 00000000000004363636363636363 63 0
Printed 1/02/2017Page 3
Values in $'000
2029/30
RCC Weed Biosecurity LTFM 2016/17 : Base Case Oct 2017FINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29
Base Forecast Data
Rous County Council
Existing Loan Payments (Values in Inflated $'000)
0Existing Loan Payments : Principal (Total:0) 0 000000000000000000000 0 0
0Existing Loan Payments : Interest (Total:0) 0 000000000000000000000 0 0
Capital Works Program (Values in 2016/17 $'000)
0Subsidised Scheme (Total:0) 0 000000000000000000000 0 0
55Other New System Assets (Total:2320) 39 81871177155869759102711073997716010192391027681 75 81
0Renewals (Total:0) 0 000000000000000000000 0 0
55Total Capital Works (Total:2320) 39 81871177155869759102711073997716010192391027681 75 81
0.00Grant For Acquisition of Assets (% of
Subsidised Scheme)
0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
0Grant For Acquisition of Assets ($) (Total:0) 0 000000000000000000000 0 0
0Developer Provided Assets (Total:0) 0 000000000000000000000 0 0
Plant and Equipment Expenditure / Asset Disposal (Values in 2016/17 $'000)
0Plant and Equipment Expenditure 0 000000000000000000000 0 0
0Proceeds from Disposal of Plant and Equipment 0 000000000000000000000 0 0
0Written Down Value of Plant and Equipment
Disposed
0 000000000000000000000 0 0
0Gain/Loss on Disposal of Plant and Equipment 0 000000000000000000000 0 0
0 Proceeds from Disposal of Assets 0 000000000000000000000 0 0
0 Written Down Value of Assets Disposed 0 000000000000000000000 0 0
0 Gain/Loss on Disposal of System Assets 0 000000000000000000000 0 0
Printed 1/02/2017Page 4
Values in $'000
2029/30
RCC Weed Biosecurity LTFM 2016/17 : Base Case Oct 2017FINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29
Revised/Additional Forecast Data
Rous County Council
OMA / Revenue Overrides (Values in 2016/17 $'000)
0Administration 0 000000000000000000000 0 0
292Override 292 292292292292292292292292292292292292292292292292292292292292292 292 292
686Engineering and Supervision 686 686686686686686686686686686686686686686686686686686686686686686 686 686
123Override 123 123123123123123123123123123123123123123123123123123123123123123 123 123
292Operating Expenses 292 292292292292292292292292292292292292292292292292292292292292292 292 292
790Override 790 790790790790790790790790790790790790790790790790790790790790790 790 790
0Maintenance Expenses 0 000000000000000000000 0 0
Override
0Energy Costs 0 000000000000000000000 0 0
Override
0Chemical Costs 0 000000000000000000000 0 0
Override
0Purchase of Water 0 000000000000000000000 0 0
Override
298Other Expenses 298 298298298298298298298298298298298298298298298298298298298298298 298 298
0Override 0 000000000000000000000 0 0
787Other Revenue 787 787787787787787787787787787787787787787787787787787787787787787 787 787
11Override 11 111111111111111111111111111111111111111111 11 11
530Other Grants 530 530530530530530530530530530530530530530530530530530530530530530 530 530
563Override 563 563563563563563563563563563563563563563563563563563563563563563 563 563
0Other Contributions 0 000000000000000000000 0 0
Override
Developer Charges Overrides (Values in 2016/17 $'000)
0Calculated from Scheme Data 0 000000000000000000000 0 0
Override
Pensioner Rebate (Values in Inflated $)
87.50Pensioner Rebate per Pensioner ($) 87.50 87.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.50 87.50 87.50
Override
55.00Pensioner Rebate Subsidy (%) 55.00 55.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.00 55.00 55.00
Override
0Number of Pensioner Assessments 0 000000000000000000000 0 0
Override
0.00Percentage of Pensioners (%) 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
Override
0Pensioner Rebate 0 000000000000000000000 0 0
0Pensioner Rebate Subsidy 0 000000000000000000000 0 0
Revenue Split (%)
100.00Residential Rates 100.00 100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00 100.00 100.00
Override
0.00Non-Residential Rates 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
Override
0.00Sales of Water: Residential 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
Override
0.00Sales of Water: Non-Residential 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
Override
0.00Extra Charges 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
Override
0.00Total Non-Residential Revenue (%) 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
100.00Total Residential Revenue (%) 100.00 100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00 100.00 100.00
100.00Total 100.00 100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00 100.00 100.00
Printed 1/02/2017Page 5
Values in $'000
2029/30
RCC Weed Biosecurity LTFM 2016/17 : Base Case Oct 2017FINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29
Revised/Additional Forecast Data
Rous County Council
Printed 1/02/2017Page 6
Values in $'000
2029/30
RCC Weed Biosecurity LTFM 2016/17 : Base Case Oct 2017FINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29
Revised/Additional Forecast Data
Rous County Council
New Loan Payment Overrides (Values in Inflated $'000)
0Standard Loan Payments: Principal 0 000000000000000000000 0 0
0Standard Loan Payments: Interest 0 000000000000000000000 0 0
0Structured Loan Payments: Principal 0 000000000000000000000 0 0
0Structured Loan Payments: Interest 0 000000000000000000000 0 0
0Capitalised Interest 0 000000000000000000000 0 0
0Total New Loan Payments: Principal 0 000000000000000000000 0 0
Override
0Total New Loan Payments: Interest 0 000000000000000000000 0 0
Override
0Capitalised Interest 0 000000000000000000000 0 0
Override
Printed 1/02/2017Page 7
Values in $'000
2029/30
RCC Weed Biosecurity LTFM 2016/17 : Base Case Oct 2017FINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29
Operating Statement
Rous County Council
EXPENSES
416Management Expenses 415 415 415 414 415 415 416 415 415 416 415 415 415 415 415 415 415 415 415 415 415 415415 415
292 Administration 292 292292292292292292292292292292292292292292292292292292292292292 292 292
123 Engineering and Supervision 123 123123123123123123123123123123123123123123123123123123123123123 123 123
790Operation and Maintenance Expenses 790 790 790 790 790 790 790 790 790 790 790 790 790 790 790 790 790 790 790 790 790 790790 790
790 Operation Expenses 790 790790790790790790790790790790790790790790790790790790790790790 790 790
0 Maintenance Expenses 0 000000000000000000000 0 0
0 Energy Costs 0 000000000000000000000 0 0
0 Chemical Costs 0 000000000000000000000 0 0
0 Purchase of Water 0 000000000000000000000 0 0
22Depreciation 75 74 73 73 72 72 72 71 53 19 21 22 23 24 25 26 27 28 30 30 31 3220 22
22 System Assets 30 323130282726252423222120191818171615151312 13 22
0 Plant & Equipment 0 00000000000003553545657596063 61 0
0Interest Expenses 0 000000000000000000000 0 0
0Other Expenses 0 000000000000000000000 0 0
1227TOTAL EXPENSES
1280 1279 1278 1278 1277 1276 1277 1275 1259 1225 1224 1226 1227 1228 1229 1230 1231 1232 1233 1235 1235 1236 12371226
REVENUES
738Rates & Service Availability Charges 738 738 738 738 738 738 738 738 738 738 738 738 738 738 738 738 738 738 738 738 738 738738 738
738 Residential 738 738738738738738738738738738738738738738738738738738738738738738 738 738
0 Non-Residential 0 000000000000000000000 0 0
0User Charges 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 0
0 Sales of Water : Residential 0 000000000000000000000 0 0
0 Sales of Water : Non-Residential 0 000000000000000000000 0 0
0Extra Charges 0 000000000000000000000 0 0
62Interest Income 62 616262636362626363636261605958575755545349 52 62
11Other Revenues 11 111111111111111111111111111111111111111111 11 11
563Grants 563 563 563 563 563 563 563 563 563 563 563 563 563 563 563 563 563 563 563 563 563 563563 563
0 Grants for Acquisition of Assets 0 000000000000000000000 0 0
0 Pensioner Rebate Subsidy 0 000000000000000000000 0 0
563 Other Grants 563 563563563563563563563563563563563563563563563563563563563563563 563 563
0Contributions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 0
0 Developer Charges 0 000000000000000000000 0 0
0 Developer Provided Assets 0 000000000000000000000 0 0
0 Other Contributions 0 000000000000000000000 0 0
1374TOTAL REVENUES
1361 1363 1366 1366 1367 1368 1369 1370 1371 1372 1373 1373 1376 1375 1375 1375 1374 1375 1375 1374 1374 1373 13731374
147OPERATING RESULT
81 84 88 88 90 92 92 94 112 147 149 148 149 147 146 145 143 143 142 139 139 137 137148
147OPERATING RESULT (less Grants for Acq of
Assets)
81 84 88 88 90 92 92 94 112 147 149 148 149 147 146 145 143 143 142 139 139 137 137148
Printed 1/02/2017Page 1
Values in 2016/17 $'000
2029/30
RCC Weed Biosecurity LTFM 2016/17 : Base Case Oct 2017FINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29
Cashflow Statement
Rous County Council
Cashflow From Operating Activities
Receipts
738Rates and Charges 738 738738738738738738738738738738738738738738738738738738738738738 738 738
62Interest Income 62 616262636362626363636261605958575755545349 52 62
11Other Revenues 11 111111111111111111111111111111111111111111 11 11
563Grants 563 563563563563563563563563563563563563563563563563563563563563563 563 563
0Contributions 0 000000000000000000000 0 0
1374Total Receipts from Operations 1361 1363 1366 1366 1367 1368 1369 1370 1371 1372 1373 1373 1376 1375 1375 1375 1374 1375 1375 1374 1374 1373 13731374
Payments
416Management 415 415415415415415415415415415415415415416415415416415415414415415 415 415
780Operations (plus WC Inc) 780 780779780780780780779780780780780780780781780780780780781780780 780 780
0Interest Expenses 0 000000000000000000000 0 0
0Other Expenses 0 000000000000000000000 0 0
1195Total Payments from Operations 1195 1195 1195 1195 1195 1194 1195 1195 1196 1195 1194 1195 1195 1195 1195 1194 1194 1195 1195 1195 1195 1194 11941195
178Net Cash from Operations 166 168 170 171 172 174 174 175 175 177 179 178 180 180 180 181 180 180 180 179 179 179 179179
Cashflow from Capital Activities
Receipts
0Proceeds from Disposal of Assets 0 000000000000000000000 0 0
Payments
55Acquisition of Assets 39 81871177155869759102711073997716010192391027681 75 81
-55Net Cash from Capital Activities -81 -75 -76 -102 -39 -92 -101 -60 -71 -97 -39 -107 -71 -102 -59 -97 -86 -55 -71 -117 -39 -87 -81-81
CashFlow from Financing Activities
Receipts
0New Loans Required 0 000000000000000000000 0 0
Payments
0Principal Loan Payments 0 000000000000000000000 0 0
0Net Cash from Financing Activities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00
123TOTAL NET CASH 85 93 94 69 133 82 73 115 103 80 140 72 110 78 121 83 94 124 109 62 140 92 9898
123Current Year Cash 140 98926210912494831217811072140801031157382133699485 93 98
1825Cash & Investments @Year Start 2258 237223402253220021312090205919901962190117451649161015471471143413881289125311901070 1127 1773
1948Cash & Investments @Year End 2398 247024322315230922552184214221102040201118171789169016511586150714701422132112841155 1220 1871
Capital Works Funding:
55Internal Funding for New Works ($'000) 39 81871177155869759102711073997716010192391027681 75 81
0Internal Funding for Renewals 0 000000000000000000000 0 0
0New Loans 0 000000000000000000000 0 0
0Grants 0 000000000000000000000 0 0
55Total Capital Works 81 75 76 102 39 92 101 60 71 97 39 107 71 102 59 97 86 55 71 117 39 87 8181
Printed 1/02/2017Page 2
Values in 2016/17 $'000
2029/30
RCC Weed Biosecurity LTFM 2016/17 : Base Case Oct 2017FINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29
Statement of Financial Position
Rous County Council
1948Cash and Investments 2398 247024322315230922552184214221102040201118171789169016511586150714701422132112841155 1220 1871
34Receivables 33 323233333333343434343434343434343434343434 34 34
9Inventories 8 77888899991010101111111112121213 13 10
836Property, Plant & Equipment 553 542 535 555 515 529 555 543 561 638 744 885 965 1000 1073 1132 1160 1203 1291 1299 1356 1405658 803
836System Assets (1) 1299 1405135612911203116011321073100096588574465863856150646438030428119469 132 803
0Plant & Equipment 0 000000000000003691149210274341484 411 0
12Other Assets 9 9910101010111111111212131313141414151516 16 12
2840TOTAL ASSETS 1771 1824 1881 1938 1998 2059 2122 2187 2269 2386 2504 2617 2951 3058 3164 3268 3368 3467 3563 3656 3747 3836 39232730
LIABILITIES
0Bank Overdraft 0 000000000000000000000 0 0
317Creditors 317 317317317317317317317317317317317317317317317317317317317317317 317 317
0Borrowings 0 000000000000000000000 0 0
128Provisions 128 129129129129129129129129128128129129129129129128128128128128129 129 129
445TOTAL LIABILITIES 446 446 445 445 445 445 446 446 446 446 446 446 445 445 445 446 446 445 445 445 445 445 446445
2395NET ASSETS COMMITTED 1325 1379 1435 1493 1553 1614 1676 1741 1824 1940 2058 2171 2505 2613 2719 2822 2922 3021 3118 3210 3302 3391 34782284
EQUITY
2093Accumulated Operating Result 2847 298129152776270326252545246223752284219018931789168115721497143713791319126012011084 1141 1995
416Asset Revaluation Reserve 783 899839729680633589548511476445365344324307291277266258251246241 243 389
2395TOTAL EQUITY 1325 1379 1435 1493 1553 1614 1676 1741 1824 1940 2058 2171 2505 2613 2719 2822 2922 3021 3118 3210 3302 3391 34782284
(1) Notes to System Assets
1948 Current Replacement Cost 2646 28152733260724902419236422782181212120191812170516661569149714371336124512061104953 1028 1893
1112 Less: Accumulated Depreciation 1346 14101378131612861259123212051180115711341069104810281009991974956940925910884 897 1090
836 Written Down Current Cost 1299 1405135612911203116011321073100096588574465863856150646438030428119469 132 803
Printed 1/02/2017Page 3
Values in 2016/17 $'000
2029/30
RCC Weed Biosecurity LTFM 2016/17 : Base Case Oct 2017FINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29
Performance Indicators
Rous County Council
738Typical Residential Bills 738 738738738738738738738738738738738738738738738738738738738738738 738 738
738Average Residential Bills (2016/17$) 738 738738738738738738738738738738738738738738738738738738738738738 738 738
416Mgmnt Cost / Assessment (2016/17$) 415 415415415415415415415415415415415415416415415416415415414415415 415 415
1206OMA Cost per Assessment (2016/17$) 1205 120512051205120512051205120512051205120512051205120612061205120512051205120412051205 1205 1205
6.42Operating Sales Margin (%) 5.84 5.735.755.906.006.106.166.316.376.426.526.576.736.654.012.762.692.702.622.622.612.44 2.46 6.57
10.06Economic Real Rate of Return (%) 5.90 5.355.566.006.546.907.137.728.358.739.6711.5813.4213.689.376.676.376.686.696.196.415.79 5.94 10.74
0.00Debt Service Ratio 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
0.00Debt/Equity Ratio 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
0.00Interest Cover 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
5.16Return on capital (%) 3.70 3.483.583.813.974.114.254.444.624.815.045.655.966.174.924.314.354.464.494.554.664.57 4.60 5.42
1948Cash and Investments (2016/17$'000) 2398 247024322315230922552184214221102040201118171789169016511586150714701422132112841155 1220 1871
0Debt outstanding (2016/17$'000) 0 000000000000000000000 0 0
0Net Debt (2016/17$'000) 0 000000000000000000000 0 0
Printed 1/02/2017Page 4
Commercial Activities : Base caseFINMOD
2016/17 2020/21 2025/26 2030/31 2035/36 2040/41 2045/46
Summary Report of Assumptions and Results
Rous County Council
Inflation Rates - General (%) 2.502.502.502.502.502.50 2.50
Inflation Rates - Capital Works (%) 2.502.502.502.502.502.50 2.50
Borrowing Interest Rate (%) 5.505.505.505.505.505.50 5.50
Term of New Loans (years) 202020202020 20
Investment Interest Rate (%) 4.504.504.504.504.504.50 4.50
Growth Rate - Residential (%) 0.000.000.000.000.000.00 0.00
Developer Charges per Assessment -
Residential (2016/17 $)
000000 0
Subsidised Scheme Capital Works ($m) 0.000.000.000.000.000.25 0.00
Grants on Acquisition of Assets ($m) 0.000.000.000.000.000.00 0.00
Renewals ($m) 0.030.030.030.030.030.03 0.03
Renewals (%) 11.9212.0011.9011.8611.9612.00 11.89
Borrowing Outstanding ($m) 0.000.000.000.000.000.00 0.00
Mgmnt Cost / Assessment 329329329329329329 329
Debt Equity Ratio 0.000.000.000.000.000.00 0.00
OMA Cost Per Assessment 903903903903903903 904
Economic Real Rate of Return (%) 9.4011.0013.33-13.55-81.95438.41 8.14
Return on Capital (%) 5.025.927.25-4.14-5.3044.15 4.35
Net Debt ($m) 0.000.000.000.000.000.00 0.00
Debt Service Ratio 0.000.000.000.000.000.00 0.00
Average Residential Bills 758758758758758758 758
Typical Residential Bills (2016/17$) 758758758758758758 758
Printed 7/02/2017Page 1
Values in 2016/17 $
2029/30
Commercial Activities : Base caseFINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29Drawdown
STANDARD LOAN PAYMENT SCHEDULE
Rous County Council
0Total Principal 0 0 000000000000000000000 0 0
0Total Interest 0 000000000000000000000 0 0
Printed 7/02/2017Page 1
Values in $'000
Commercial Activities : Base caseFINMOD
2014/15* 2015/16*
Historical Operating Statement
Rous County Council
EXPENSES
Management Expenses 0 0
Administration
Engineering and Supervision
Operation and Maintenance Expenses 0 0
Operation Expenses
Maintenance Expenses
Energy Costs
Chemical Costs
Purchase of Water
Depreciation 0 0
System Assets
Plant & Equipment
Interest Expenses
Other Expenses
TOTAL EXPENSES0 0
REVENUES
Rates & Service Availability Charges 0 0
Residential
Non-Residential
User Charges 0 0
Sales of Water : Residential
Sales of Water : Non-Residential
Extra Charges
Interest Income
Other Revenues
Grants 0 0
Grants for Acquisition of Assets
Pensioner Rebate Subsidy
Other Grants
Contributions 0 0
Developer Charges
Developer Provided Assets
Other Contributions
TOTAL REVENUES0 0
OPERATING RESULT0 0
OPERATING RESULT (less Grants for Acq of
Assets)
0 0
Printed 7/02/2017Page 1
Values in $'000
Commercial Activities : Base caseFINMOD
2014/15* 2015/16*
Historical Statement of Financial Position
Rous County Council
Cash and Investments 1651
Receivables
Inventories
Property, Plant & Equipment 0 0
System Assets (1)
Plant & Equipment
Other Assets
TOTAL ASSETS 0 1651
LIABILITIES
Bank Overdraft
Creditors
Borrowings
Provisions
TOTAL LIABILITIES 0 0
NET ASSETS COMMITTED 0 1651
EQUITY
Accumulated Operating Result 1651
Asset Revaluation Reserve
TOTAL EQUITY 0 1651
(1) Notes to System Assets
Current Replacement Cost
Less: Accumulated Depreciation 0 0
Written Down Current Cost
Printed 7/02/2017Page 2
Values in $'000
2029/30
Commercial Activities : Base caseFINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29
Base Forecast Data
Rous County Council
Financial Data
2.50Inflation Rate - General (%) 2.50 2.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.50 2.50 2.50
2.50Inflation Rate - Capital Works (%) 2.50 2.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.502.50 2.50 2.50
5.50Borrowing Interest Rate for New Loans (%) 5.50 5.505.505.505.505.505.505.505.505.505.505.505.505.505.505.505.505.505.505.505.505.50 5.50 5.50
4.50Investment Interest Rate (%) 4.50 4.504.504.504.504.504.504.504.504.504.504.504.504.504.504.504.504.504.504.504.504.50 4.50 4.50
Number of Assessments
Growth Rate (%)
0.00 Residential Assessments 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
0.00 Non-Residential Assessments 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
0.00 Total Assessments 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
Number of New Assessments
0 Residential 0 000000000000000000000 0 0
0 Non-Residential 0 000000000000000000000 0 0
0 Total New Assessments 0 000000000000000000000 0 0
Projected Number of Assessments
1000 Residential 1000 100010001000100010001000100010001000100010001000100010001000100010001000100010001000 1000 1000
0 Non-Residential 0 000000000000000000000 0 0
1000 Total Projected Assessments 1000 100010001000100010001000100010001000100010001000100010001000100010001000100010001000 1000 1000
Backlog Assessments
0 Residential 0 000000000000000000000 0 0
0 Non-Residential 0 000000000000000000000 0 0
0 Total Backlog Assessments 0 000000000000000000000 0 0
Developer Charges / Vacant Assessments (Values in 2016/17 $)
Developer Charges $/Assessment
0 Residential 0 000000000000000000000 0 0
0 Non-Residential 0 000000000000000000000 0 0
0Number of Vacant Residential Assessments 0 000000000000000000000 0 0
100Average Charge of Vacant Assessments 100 100100100100100100100100100100100100100100100100100100100100100 100 100
0 % of Occupied Assessments 0 000000000000000000000 0 0
Depreciation of Existing Plant and Equipment (Values in 2016/17 $'000)
Current Replacement Cost of System Assets 0
Override
Written Down Current Cost of System Assets 0
Override
Annual Depreciation of Existing System Assets 0
Override
Written Down Value of Plant and Equipment 0
Override
0Annual Depreciation of Existing Plant and
Equipment
0 000000000000000000000 0 0
Printed 7/02/2017Page 3
Values in $'000
2029/30
Commercial Activities : Base caseFINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29
Base Forecast Data
Rous County Council
Existing Loan Payments (Values in Inflated $'000)
0Existing Loan Payments : Principal (Total:0) 0 000000000000000000000 0 0
0Existing Loan Payments : Interest (Total:0) 0 000000000000000000000 0 0
Capital Works Program (Values in 2016/17 $'000)
0Subsidised Scheme (Total:250) 0 00000000000000000000250 0 0
0Other New System Assets (Total:0) 0 000000000000000000000 0 0
30Renewals (Total:900) 30 303030303030303030303030303030303030303030 30 30
30Total Capital Works (Total:1150) 30 3030303030303030303030303030303030303030280 30 30
0.00Grant For Acquisition of Assets (% of
Subsidised Scheme)
0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
0Grant For Acquisition of Assets ($) (Total:0) 0 000000000000000000000 0 0
0Developer Provided Assets (Total:0) 0 000000000000000000000 0 0
Plant and Equipment Expenditure / Asset Disposal (Values in 2016/17 $'000)
0Plant and Equipment Expenditure 0 000000000000000000000 0 0
0Proceeds from Disposal of Plant and Equipment 0 000000000000000000000 0 0
0Written Down Value of Plant and Equipment
Disposed
0 000000000000000000000 0 0
0Gain/Loss on Disposal of Plant and Equipment 0 000000000000000000000 0 0
0 Proceeds from Disposal of Assets 0 000000000000000000000 0 0
0 Written Down Value of Assets Disposed 0 000000000000000000000 0 0
0 Gain/Loss on Disposal of System Assets 0 000000000000000000000 0 0
Printed 7/02/2017Page 4
Values in $'000
2029/30
Commercial Activities : Base caseFINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29
Revised/Additional Forecast Data
Rous County Council
OMA / Revenue Overrides (Values in 2016/17 $'000)
0Administration 0 000000000000000000000 0 0
186Override 186 186186186186186186186186186186186186186186186186186186186186186 186 186
0Engineering and Supervision 0 000000000000000000000 0 0
143Override 143 143143143143143143143143143143143143143143143143143143143143143 143 143
0Operating Expenses 0 000000000000000000000 0 0
574Override 574 574574574574574574574574574574574574574574574574574574574574574 574 574
0Maintenance Expenses 0 000000000000000000000 0 0
Override
0Energy Costs 0 000000000000000000000 0 0
Override
0Chemical Costs 0 000000000000000000000 0 0
Override
0Purchase of Water 0 000000000000000000000 0 0
Override
0Other Expenses 0 000000000000000000000 0 0
Override 1551898398-15001898398-20001280-1125 343
0Other Revenue 0 000000000000000000000 0 0
234Override 234 234234234234234234234234234234234234234234234234234234234234234 234 234
0Other Grants 0 000000000000000000000 0 0
Override
0Other Contributions 0 000000000000000000000 0 0
Override
Developer Charges Overrides (Values in 2016/17 $'000)
0Calculated from Scheme Data 0 000000000000000000000 0 0
Override
Pensioner Rebate (Values in Inflated $)
87.50Pensioner Rebate per Pensioner ($) 87.50 87.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.5087.50 87.50 87.50
Override
55.00Pensioner Rebate Subsidy (%) 55.00 55.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.0055.00 55.00 55.00
Override
0Number of Pensioner Assessments 0 000000000000000000000 0 0
Override
0.00Percentage of Pensioners (%) 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
Override
0Pensioner Rebate 0 000000000000000000000 0 0
0Pensioner Rebate Subsidy 0 000000000000000000000 0 0
Revenue Split (%)
100.00Residential Rates 100.00 100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00 100.00 100.00
Override
0.00Non-Residential Rates 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
Override
0.00Sales of Water: Residential 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
Override
0.00Sales of Water: Non-Residential 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
Override
0.00Extra Charges 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
Override
0.00Total Non-Residential Revenue (%) 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
100.00Total Residential Revenue (%) 100.00 100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00 100.00 100.00
100.00Total 100.00 100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00100.00 100.00 100.00
Printed 7/02/2017Page 5
Values in $'000
2029/30
Commercial Activities : Base caseFINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29
Revised/Additional Forecast Data
Rous County Council
Printed 7/02/2017Page 6
Values in $'000
2029/30
Commercial Activities : Base caseFINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29
Revised/Additional Forecast Data
Rous County Council
New Loan Payment Overrides (Values in Inflated $'000)
0Standard Loan Payments: Principal 0 000000000000000000000 0 0
0Standard Loan Payments: Interest 0 000000000000000000000 0 0
0Structured Loan Payments: Principal 0 000000000000000000000 0 0
0Structured Loan Payments: Interest 0 000000000000000000000 0 0
0Capitalised Interest 0 000000000000000000000 0 0
0Total New Loan Payments: Principal 0 000000000000000000000 0 0
Override
0Total New Loan Payments: Interest 0 000000000000000000000 0 0
Override
0Capitalised Interest 0 000000000000000000000 0 0
Override
Printed 7/02/2017Page 7
Values in $'000
2029/30
Commercial Activities : Base caseFINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29
Operating Statement
Rous County Council
EXPENSES
329Management Expenses 329 330 328 329 329 329 329 329 329 329 329 329 329 329 329 329 329 329 329 329 329 329329 329
186 Administration 186 186186186186186186186186186186186186186186186186186186186186186 186 186
143 Engineering and Supervision 143 143143143143143143143143143143143143143143143143143143143143143 143 143
574Operation and Maintenance Expenses 574 574 574 574 574 574 574 574 574 574 574 574 574 574 574 574 574 574 574 574 574 574574 574
574 Operation Expenses 574 574574574574574574574574574574574574574574574574574574574574574 574 574
0 Maintenance Expenses 0 000000000000000000000 0 0
0 Energy Costs 0 000000000000000000000 0 0
0 Chemical Costs 0 000000000000000000000 0 0
0 Purchase of Water 0 000000000000000000000 0 0
3Depreciation 4 4 4 4 4 4 3 3 3 3 3 3 3 3 3 3 3 2 2 2 2 23 3
3 System Assets 2 222233333333333344444 4 3
0 Plant & Equipment 0 000000000000000000000 0 0
0Interest Expenses 0 000000000000000000000 0 0
0Other Expenses 0 0000000000001551898398-15001898398-20001280-1125 343 0
905TOTAL EXPENSES
-218 1251 2186 -1094 1305 2804 -593 1304 2804 1062 906 906 906 905 905 906 905 906 906 905 905 905 905906
REVENUES
758Rates & Service Availability Charges 758 758 758 758 758 758 758 758 758 758 758 758 758 758 758 758 758 758 758 758 758 758758 758
758 Residential 758 758758758758758758758758758758758758758758758758758758758758758 758 758
0 Non-Residential 0 000000000000000000000 0 0
0User Charges 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 0
0 Sales of Water : Residential 0 000000000000000000000 0 0
0 Sales of Water : Non-Residential 0 000000000000000000000 0 0
0Extra Charges 0 000000000000000000000 0 0
28Interest Income 38 39393736363534323029242323531008481130987795 111 26
234Other Revenues 234 234234234234234234234234234234234234234234234234234234234234234 234 234
0Grants 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 0
0 Grants for Acquisition of Assets 0 000000000000000000000 0 0
0 Pensioner Rebate Subsidy 0 000000000000000000000 0 0
0 Other Grants 0 000000000000000000000 0 0
0Contributions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 0
0 Developer Charges 0 000000000000000000000 0 0
0 Developer Provided Assets 0 000000000000000000000 0 0
0 Other Contributions 0 000000000000000000000 0 0
1020TOTAL REVENUES
1087 1103 1069 1090 1122 1074 1075 1092 1045 1015 1015 1017 1021 1023 1024 1025 1027 1028 1028 1029 1030 1031 10311018
115OPERATING RESULT
1305 -147 -1117 2184 -183 -1730 1669 -212 -1760 -46 109 111 115 117 119 120 121 122 122 124 125 126 126112
115OPERATING RESULT (less Grants for Acq of
Assets)
1305 -147 -1117 2184 -183 -1730 1669 -212 -1760 -46 109 111 115 117 119 120 121 122 122 124 125 126 126112
Printed 7/02/2017Page 1
Values in 2016/17 $'000
2029/30
Commercial Activities : Base caseFINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29
Cashflow Statement
Rous County Council
Cashflow From Operating Activities
Receipts
758Rates and Charges 758 758758758758758758758758758758758758758758758758758758758758758 758 758
28Interest Income 38 39393736363534323029242323531008481130987795 111 26
234Other Revenues 234 234234234234234234234234234234234234234234234234234234234234234 234 234
0Grants 0 000000000000000000000 0 0
0Contributions 0 000000000000000000000 0 0
1020Total Receipts from Operations 1087 1103 1069 1090 1122 1074 1075 1092 1045 1015 1015 1017 1021 1023 1024 1025 1027 1028 1028 1029 1030 1031 10311018
Payments
329Management 329 329329329329329329329329329329329329329329329329329329329328329 330 329
574Operations (plus WC Inc) 574 574574574574574574574574574574574574574574574574574574574574574 574 574
0Interest Expenses 0 000000000000000000000 0 0
0Other Expenses 0 0000000000001551898398-15001898398-20001280-1125 343 0
902Total Payments from Operations -222 1247 2183 -1098 1301 2800 -597 1301 2801 1059 903 903 903 902 903 903 903 903 903 903 903 903 903903
118Net Cash from Operations 1309 -143 -1114 2188 -179 -1726 1672 -209 -1756 -43 112 114 118 120 121 122 124 124 124 126 127 128 128115
Cashflow from Capital Activities
Receipts
0Proceeds from Disposal of Assets 0 000000000000000000000 0 0
Payments
30Acquisition of Assets 30 3030303030303030303030303030303030303030280 30 30
-30Net Cash from Capital Activities -280 -30 -30 -30 -30 -30 -30 -30 -30 -30 -30 -30 -30 -30 -30 -30 -30 -30 -30 -30 -30 -30 -30-30
CashFlow from Financing Activities
Receipts
0New Loans Required 0 000000000000000000000 0 0
Payments
0Principal Loan Payments 0 000000000000000000000 0 0
0Net Cash from Financing Activities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00
88TOTAL NET CASH 1029 -174 -1144 2158 -209 -1756 1642 -239 -1787 -73 82 84 88 90 91 92 94 94 95 96 97 98 9886
88Current Year Cash 97 989896959494929190888482-73-1787-2391642-1756-2092158-11441029 -174 86
789Cash & Investments @Year Start 1367 148914291305124311801116105298792185665859268024842785121229993283120723811651 2615 723
877Cash & Investments @Year End 1464 1588152714021338127412091144107810129447426746076972546285412433074336512372680 2441 809
Capital Works Funding:
0Internal Funding for New Works ($'000) 0 00000000000000000000250 0 0
30Internal Funding for Renewals 30 303030303030303030303030303030303030303030 30 30
0New Loans 0 000000000000000000000 0 0
0Grants 0 000000000000000000000 0 0
30Total Capital Works 280 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 3030
Printed 7/02/2017Page 2
Values in 2016/17 $'000
2029/30
Commercial Activities : Base caseFINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29
Statement of Financial Position
Rous County Council
877Cash and Investments 1464 1588152714021338127412091144107810129447426746076972546285412433074336512372680 2441 809
0Receivables 0 000000000000000000000 0 0
0Inventories 0 000000000000000000000 0 0
620Property, Plant & Equipment 276 302 328 355 381 408 435 461 488 514 567 648 675 702 729 757 785 812 839 868 896 923541 593
620System Assets (1) 868 923896839812785757729702675648567541514488461435408381355328276 302 593
0Plant & Equipment 0 000000000000000000000 0 0
0Other Assets 0 000000000000000000000 0 0
1497TOTAL ASSETS 2956 2743 1566 3720 3455 1651 3289 3007 1184 1121 1215 1309 1592 1686 1780 1873 1966 2059 2150 2241 2332 2423 25111402
LIABILITIES
0Bank Overdraft 0 000000000000000000000 0 0
0Creditors 0 000000000000000000000 0 0
0Borrowings 0 000000000000000000000 0 0
0Provisions 0 000000000000000000000 0 0
0TOTAL LIABILITIES 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00
1497NET ASSETS COMMITTED 2956 2743 1566 3720 3455 1651 3289 3007 1184 1121 1215 1309 1592 1686 1780 1873 1966 2059 2150 2241 2332 2423 25111402
EQUITY
1377Accumulated Operating Result 2089 223721642013193618601781170116211540145912111128104511192950324116123425369915522956 2737 1294
166Asset Revaluation Reserve 419 49645738335031928926123521118812811195806755443323140 7 146
1497TOTAL EQUITY 2956 2743 1566 3720 3455 1651 3289 3007 1184 1121 1215 1309 1592 1686 1780 1873 1966 2059 2150 2241 2332 2423 25111402
(1) Notes to System Assets
250 Current Replacement Cost 250 250250250250250250250250250250250250250250250250250250250249250 250 250
-371 Less: Accumulated Depreciation -617 -673-645-589-562-535-507-480-452-425-398-317-291-264-238-211-185-158-131-105-79-26 -53 -344
620 Written Down Current Cost 868 923896839812785757729702675648567541514488461435408381355328276 302 593
Printed 7/02/2017Page 3
Values in 2016/17 $'000
2029/30
Commercial Activities : Base caseFINMOD
2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2030/31 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/412028/29
Performance Indicators
Rous County Council
758Typical Residential Bills 758 758758758758758758758758758758758758758758758758758758758758758 758 758
758Average Residential Bills (2016/17$) 758 758758758758758758758758758758758758758758758758758758758758758 758 758
329Mgmnt Cost / Assessment (2016/17$) 329 329329329329329329329329329329329329329329329329329329329328329 330 329
902OMA Cost per Assessment (2016/17$) 903 903903903903903903903903902903903903903903903904902903903902903 903 903
8.77Operating Sales Margin (%) 8.78 8.758.798.768.688.708.738.688.708.778.708.688.66-7.02-182.63-31.47159.83-182.46-31.51210.30-120.44121.98 -26.06 8.70
14.04Economic Real Rate of Return (%) 10.04 9.409.7410.3510.5911.0011.4311.8012.2812.9013.3315.1915.90-13.55-371.72-67.70364.68-443.51-81.95587.96-363.77438.41 -85.48 14.54
0.00Debt Service Ratio 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
0.00Debt/Equity Ratio 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
0.00Interest Cover 0.00 0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00 0.00 0.00
7.66Return on capital (%) 5.35 5.025.195.535.685.926.166.396.666.967.258.448.94-4.14-148.58-7.0550.73-104.76-5.3058.71-71.3744.15 -5.37 8.01
877Cash and Investments (2016/17$'000) 1464 1588152714021338127412091144107810129447426746076972546285412433074336512372680 2441 809
0Debt outstanding (2016/17$'000) 0 000000000000000000000 0 0
0Net Debt (2016/17$'000) 0 000000000000000000000 0 0
Printed 7/02/2017Page 4