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CENTRAL TABLELANDS WATER

LONG TERM FINANCIAL PLAN (LTFP)

2014/15 – 2023/24

Adopted 11th June 2014

TABLE OF CONTENTS

1. Objectives .................................................................................................................... 3

2. Timeframe ................................................................................................................... 3

3. Structure ...................................................................................................................... 3

2 PLANNING ASSUMPTIONS ............................................................................................... 4

1. Table 1 – Projected growth of customer base ....................................................... 4

2. Figure 1 – Projection of Council’s Service Population ........................................... 4

2. Summary of Key Assumptions and Indices .................................................................. 6

3 REVENUE FORECASTS ..................................................................................................... 6

1. Annual (Availability) Charges ....................................................................................... 6

2. User Charges & Fees .................................................................................................. 7

i. Statutory Charges ................................................................................................. 7

ii. Other Fees ............................................................................................................ 7

3. Grants & Contributions ................................................................................................. 7

4. Investments Revenue .................................................................................................. 8

5. Borrowings ................................................................................................................... 8

6. Other Revenue ............................................................................................................ 8

4 EXPENDITURE FORECASTS ............................................................................................. 8

1. Salaries, Wages and Employee On-costs .................................................................... 8

2. Loans / Debt Service Costs .......................................................................................... 9

3. Materials, Contracts and Other Operating Costs .......................................................... 9

4. Asset Management ...................................................................................................... 9

5 SENSITIVITY ANALYSIS AND FINANCIAL MODELLING ............................................... 10

1. Figure 2: Scenarios TRB Comparison ..................................................................10

2. Figure 3: Scenarios Cash and Investment Comparison .......................................11

3. Figure 4: Scenarios Borrowing Outstanding Comparison .....................................11

4. Table 2: Results of Sensitivity Analysis (2013/14 $ terms) ...................................12

6 PERFORMANCE MEASURES .......................................................................................... 12

1. Financial Analysis .......................................................................................................12

1. Cash / Liquidity Position .......................................................................................12

2. Operating Result ..................................................................................................13

3. Figure 5 – Estimated Operating Surplus/Deficit ....................................................13

4. Debt Management ...............................................................................................14

5. Dependence on Revenue from Annual Charges ..................................................14

7 APPENDICES ................................................................................................................... 15

Appendix A: Central Tablelands Water – 10 Year Financial Plan ........................................ 15

INTRODUCTION

1. Objectives

The Long Term Financial Plan (LTFP) is a requirement under the Integrated Planning and Reporting framework for NSW Local Government. Council’s long term financial plan provides a framework to assess its revenue building capacity to meet the activities and level of services outlined in its Community Strategic Plan.

Central Tablelands Water’s LTFP seeks to: • establish greater transparency and accountability of Council to the community; • provide an opportunity for early identification of financial issues and any likely impacts in

the longer term; • provide a mechanism to:

solve financial problems as a whole see how various plans fit together understand the impact of some decisions on other plans or strategies;

• provide a means of measuring Council’s success in implementing strategies; and, • confirm that Council can remain financially sustainable in the longer term.

2. Timeframe The Department of Local Government has set the minimum timeframe at ten years. The Central Tablelands Water LTFP covers the time period from 2014/2015 to 2023/2024. 3. Structure The LTFP is structured into eight main sections. Section 1: Provides a brief introduction to the plan and the objectives it aims to meet. Section 2: Planning Assumptions. This section details the financial assumptions made in

developing the LTFP. Section 3: Revenue Forecasts. This section details the Council’s major sources of revenue

and the assumptions used in the forecast figures. Section 4: Expenditure Forecasts. This section details the Council’s major areas of

expenditure and the assumptions used in the forecast figures including asset management.

Section 5: Sensitivity Analysis and Financial Modelling. This section details the impact of

various scenarios on Councils plans and looks at other variables affecting the LTFP.

Section 6: Performance Monitoring. This section provides a number of key performance

indicators to monitor Council’s performance against the plan. Section 7: Appendices. (Detailed budget forecasts)

2 PLANNING ASSUMPTIONS

A long term financial plan is dependent on a number of planning assumptions. In preparing a LTFP, Council considered a range of matters and made appropriate assumptions. These assumptions were used to model and formulate the plan, test a range of scenarios which have ultimately formed the basis of the agreed plan.

Some of the key variables reviewed as part of the setup of the LTFP include:

• Consumer Price Index (CPI): See Table 2.

• Salaries and Employee Costs: See Table 2.

• Investment Income: See Table 2.

• Fees and Charges: See Table 2.

• Service Levels: Refer to Central Tablelands Water Community Strategic Plan (CSP).

• Growth Projections

Growth in services of Central Tablelands Water, to a large extent will be dependent on the growth of constituent Shire Councils. The expected growth in new industrial development will also necessitate expansion of services by the Council. The Table below provides in a nutshell the projected growth of the customer base over the next 30 years.

1. Table 1 – Projected growth of customer base

Constituent Councils 2008/09

Current ETs/ Assessments

Future ETs/Assessments

Current Supply

(ML/year)

Future Supply

(ML/year) R NR R NR

Blayney 1,700 451 2,081 552 825 1,112

Cabonne 1,392 709 1,704 868 626 844

Weddin 938 374 1,148 458 332 447

Cowra (Bulk supply) 143 193

Total 4,030 1,534 4,933 1,878 1,926 2,596 R – Residential; NR – Non-residential

Central Tablelands Water is optimistic with its predictions believing that the economic development strategies in place in the constituent Shire Councils should result in maintaining the present population over the next thirty years with a likely estimated percentage increase (see Figure below).

2. Figure 1 – Projection of Council’s Service Population

9269

9665

1000

8

1036

3

1073

1

1111

2

1150

7

6000

7000

8000

9000

10000

11000

12000

13000

14000

2009 2014 2019 2024 2029 2034 2039

POPU

LATI

ON

YEAR

Council's Projection of Service Population(Growth Rate 0.70% p.a)

The financial model has used an average assessment growth rate of 0.70% for the projection period. The projected number of assessments for financial modelling purposes is based on the 5,564 (Residential: 4,030; Non-residential: 1,534) assessments in 2008/09 and factored up by pro-rata in line with the adopted growth rate.

• Capital Works Program

The following is a summary of the major capital works planned for Central Tablelands Water over the next 10 years. The justification for why they have been planned is also shown below.

Proposed Improvement Year Justification

Carcoar Water Filtration Plant Low Level Storage

2014/2015 New

Carcoar Water Filtration – Repair Plenum Floor 2014/2015 Renewal

Blayney Water Filtration Plant Upgrade 2014/2015 Renewal

Gooloogong Bridge – Trunk Main Relocation 2014/2015 Renewal

Renewal & Upgrade of Trunk Main K – 42 km (Grenfell)

2015/2018 Growth related

Lake Rowlands Remediation 2019/2020 Flood Upgrade

1/100,000yr

Renewal & Upgrade of Trunk Main U – from Trunk main C to Cudal (33 Km)


Renewal & Upgrade of Trunk Main C – from Mandurama to Trunk Main U (40 Km)


Renewal & Upgrade of Trunk Main C – from Trunk Main U to Gooloogong (40 Km)


Reticulation Mains renewal and dead ends removal

2014 onwards

Age and Water Quality

Major refurbishment of Electrical and Mechanical equipment in Carcoar water filtration plant

2020/2021 Renewal

Renewal & Upgrade of Trunk Main ‘B’ – from CWFP to Mandurama (6.5 Km)


Refurbishment of Gooloogong Bore 2021/2022 Renewal

Construction of new bore at Gooloogong 2022/2023 Renewal

Major Pump Station refurbishment 2023/2024 Renewal

2. Summary of Key Assumptions and Indices Assumption/Variable Calculation Basis Planned %

Consumer Price Index (CPI) Average CPI 20012-2013 (2.7%) 3.00%

Salaries and Employee Oncosts Estimate (3.00% Award increase) 3.00%

Interest Rate Income 1 Year BBSW + 1.5% 4.00%

Water Sales (User Charges Income)

2006/2007 Council Resolution annual increase of 8%. Reduced to 5% in 14/15 5.00%

Availability Charge (Annual Charges)

Residential, Rural & Commercial new annual connections. 0.007%

Fees and Charges Income Average CPI 20012-2013 (ABS Figures 2.7%) 3.00%

3 REVENUE FORECASTS The County Council model has proven to be a very effective institutional arrangement for the provision of water supply as the governance arrangement of the Council, comprising elected representatives from each of the constituent councils, maintains a close relationship between the community expectations and the policy decisions of the Council.

The major sources of revenue for councils are:

1. Annual (Availability) Charges 2. User Charges and Fees 3. Grants & Contributions 4. Investment Revenue 5. Borrowings 6. Other Revenues

1. Annual (Availability) Charges Annual or Availability Charges are one of the main streams of income for Council. The availability charge is calculated by multiplying the charge for a standard 20mm connection by the flow capacity factor (FCF) listed in the Flow Capacity Table below.

Flow Capacity Table

Diameter of Water Service

20mm 25mm 32mm 40mm 50mm 80mm 100mm

Flow Capacity Factor

1.00 1.5625 2.56 4.00 6.25 16.00 25.00

2. User Charges & Fees In accordance with Sections 491, 501 and 502 of the Local Government Act 1993, Council is able to charge for the provision of water supply services. Council has a dedicated focus on consumer expectations and, through its pricing policy, consumers are receiving a water supply of high quality and reliability and this is wholly attributable to the pricing policy being able to fund an ongoing programme of infrastructure renewal and upgrade. Council has embraced Best Practice Pricing of Local Water Utility services as outlined in the NSW Office of Water Best Practice Management of Water Supply and Sewerage Guidelines. In summary, the following pricing regime exists for Central Tablelands Water:

1. A two part pricing policy of an availability (access) charge, determined on the diameter of the meter, and a consumption charge;

2. There are no non-residential cross subsidies: and 3. Water accounts are rendered quarterly.

i. Statutory Charges

Council has no discretion to determine the amount of a fee for service when the amount is fixed by regulation or by another authority. An example of a statutory fee includes Section 603 Certificates. The majority of statutory charges do not increase annually in line with CPI, however for the purposes of financial modelling these fees are assumed to increase in line with CPI over the long term.

ii. Other Fees User fees and charges include office fees (photocopying, binding etc.), fees for use of Council facilities and other statutory and regulatory fees. No significant new user charge or fee opportunities have been identified as part of the development of the LTFP. 3. Grants & Contributions In reviewing grants and contributions it is considered prudent not to forecast an increase, other than for CPI, over the period of the plan. It is unlikely that there will be any increase in grants, or provision of new grants, for current services. Any reduction or discontinuance of grants will be offset by a corresponding reduction in expenditure. In accordance with Section 64 of the Local Government Act 1993, the Guidelines for Best Practice of Water Supply and Sewerage prepared by the NSW Office of Water (NOW), and, in accordance with Council’s Developer Servicing Plan (DSP), new connections in subdivisions have to pay a developer charge for the benefits being received by connecting to the system. The developer charge is subject to an annual CPI increase. A capital contribution charge applies to all new connections that are not subject to subdivision, otherwise known as ‘in-fill’ blocks. The contribution charge is also subject to an annual CPI increase.

4. Investments Revenue Council’s investment strategy is to undertake investment of surplus funds, maximising earnings from authorised investments, whilst ensuring the security of Council funds. Council also aims to ensure there is sufficient liquidity to meet all reasonably anticipated cash flow requirements, as and when they fall due, without incurring significant costs due to the unanticipated sale of an investment. Forecast returns on Council’s investment portfolio are based on the forecast 1 year bank bill swap rate plus a small margin to reflect strategic investments in longer term investment products where appropriate. 5. Borrowings Council’s current 20 year loan to fund Capital Works and Quandialla Water Supply will be repaid in full by financial year 2021/2022. Council is proposing to raise another 20 year loan in financial year 2022/2023 to fund future Capital Works. More information about the impact on the yearly loan repayments is included in the attached 10 Year Financial Plan. 6. Other Revenue The significant majority of other revenues are generated by rental income on Council properties, insurance claim recoveries, insurance discounts and employee contributions to motor vehicles. Rentals will vary according to supply and demand, however forecast fluctuations in supply and demand over a ten year period, if available, are not considered reliable. Therefore assuming rents will increase in line with CPI over the long term is considered a reasonable approach. This approach has also been applied to insurance claim recoveries, insurance discounts and employee contributions to motor vehicles. Given that ‘other revenues’ represents less than 3% of total revenues the potential margin of error of this assumption, and resultant impact on financial position, is considered immaterial. 4 EXPENDITURE FORECASTS 1. Salaries, Wages and Employee On-costs Council’s long term forecast relating to staffing is contained in detail within the Workforce Strategy. The Workforce Strategy also identifies the human resources Central Tablelands Water requires to continue its strategic direction and deliver services in an efficient and effective manner. For the purpose of projecting future salary, wage and ELE costs to Council a percentage increase of 3% has been applied (see Planning Assumptions). This is to account for future Award increases and staff competency/performance increases. Employee on-costs are assigned to labour hours to recover fixed operational employment overhead costs. Further, the attribution of other organisational support costs, such as administration and supervision, are recovered by applying an on-cost percentage to materials & contracts relating to all operational works.

Further details about Council’s staff costs are included in the Workforce Plan. 2. Loans / Debt Service Costs The following graph shows projected loan repayments over the LTFP:

Whilst there is no definitive guide on what constitutes an acceptable ratio it is generally accepted that a ratio of up to 20% depending on the level of long-term development (infrastructure) plans, is considered tolerable. Council aims to maintain a debt service ratio below 20%. During the course of the LTFP Council achieves this target. 3. Materials, Contracts and Other Operating Costs Expenditure on materials, contracts and other operating cost has been generally based on CPI. 4. Asset Management Infrastructure (assets) expenditure will progressively be mapped against maintenance and renewal programs recommended by respective asset management plans. In accordance with Council’s asset management review, asset maintenance has been increased by CPI with a strong focus on asset renewals as opposed to construction of new assets. Subject to continued sustainable funding, assets should be maintained and renewed in accordance with the respective asset management plans and agreed condition intervention levels.

$-

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

14/15 15/16 16/17 17/18 18/19 19/20 20/21 21/22

Projected Loan Repayments 2014/2015 to 2021/2022

Capital WorksQuandialla Water SupplyConsolidated

5 SENSITIVITY ANALYSIS AND FINANCIAL MODELLING The LTFP is based on a number of underlying assumptions. Sensitivity analysis identifies the impact on Council’s financial position of changes in these assumptions and highlights the factors most likely to affect the outcomes of the plan. Sensitivity analysis looks at “what if” scenarios. For example, what happens to Council’s financial position if salary and wages increases are 1% higher than forecast; growth is half that forecast, or investment returns are 1% less than forecast in plan. During financial year 2013/14, Council engaged HydroScience Consulting to review and update Councils’ 30 Year Financial Plan. As part of this review a sensitivity analysis was undertaken to assess the sensitivity of the results of a Typical Residential Bill (TRB) under different scenarios. In general a TRB is the bill paid by a residential customer who uses the average residential water consumption and is not a pensioner i.e. annual charges plus water usage charge. During 2013/14 the TRB is estimated at $611 based on average annual residential water consumption per property of 191kL. The financial modelling considered a total of six scenarios which are as follows:

• Scenario 1 – Base Case • Scenario 2 – 50% subsidy (from State Government) for the Lake Rowlands Remediation

Project in 2018/2019 • Scenario 3 – High inflation and interest rates:

Inflation – 4% per annum Borrowing interest rate – 10% per annum Deposit interest rate – 9% per annum

• Scenario 4 – Low growth – Base case growth rate of 0.7% lowered to 0.4% • Scenario 5 – Low Developer Charge ($5,000/ET) • Scenario 6 – High Developer Charge ($10,000/ET)

The sensitivity analysis aims to maintain similar amounts of cash and investments at the end of the financial planning. The TRB is adjusted accordingly to ensure positive cash reserves throughout the 30 year planning horizon. The results of the sensitivity analysis are graphically presented in the figures below and summarised in Table 2.

1. Figure 2: Scenarios TRB Comparison

2. Figure 3: Scenarios Cash and Investment Comparison

3. Figure 4: Scenarios Borrowing Outstanding Comparison

4. Table 2: Results of Sensitivity Analysis (2013/14 $ terms) Scenario Long Term TRB Cash and

Investments in 30 years

Comment

1. Base Case $630 $9.95m 2. 50% Subsidy for

Lake Rowlands Remediation Project

$625 $9.52m Subsidy received from state government will reduce capital costs, which could reduce TRB slightly

3. High Inflation and Interest Rate

$640 $9.45m Higher TRB due to higher inflation and interest rates

4. Low Growth Rate (0.4%)

$655 $8.83m Low growth decreases the income received from the new development, the TRB required to increase

5. Low Developer Charge ($5,000/ET)

$630 $9.36m Lower developer charge decreases the income received from new development, which requires more borrowing. However, no need to change the TRB

6. High Developer Charge ($10,000/ET)

$611 $9.45m Higher developer charge increases the income received from new development, the TRB could be reduced.

The sensitivity analysis concludes that the water supply TRB is not very sensitive to different scenarios. The TRB of all scenarios is between -3% and +4% of the base case TRB. 6 PERFORMANCE MEASURES

1. Financial Analysis A number of key indicators have been developed to monitor performance against the LTFP to assess Council’s long term sustainability. These key performance indicators will provide clear targets against which the council can report its progress to the community.

1. Cash / Liquidity Position Cash and cash management is vital for the short and long term survival and of any business. The ability to convert an asset to cash quickly to meet current obligations/liabilities is an important part of managing Councils’ day to day business needs.

Unrestricted Current Ratio Definition: Unrestricted Current Assets Unrestricted Current Liabilities Description: Measures the ability of council to pay its debts as and when they fall due. Target: Council aims to maintain this ratio above 1.0 at all times. Projection: That the ratio will remain above 1.0 for the duration of the LTFP.

2. Operating Result Definition: Result or surplus/deficit from operations after considering all income and expenditure. Description: Councils operating result is normally regarded as an important criterion in measuring performance. The issue for Council is whether the operating results can be maintained and in particular if those operating results can sustain the current level of services into the future. Target: To achieve an operating surplus by the year 2015/2016 of the LTFP. Projection: That Council will achieve an operating surplus by the year 2015/2016 of the LTFP as shown in Figure 5.

3. Figure 5 – Estimated Operating Surplus/Deficit

-$200,000

$-

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

14/15 15/16 16/17 17/18 18/19 19/20 20/21 21/22 22/23 23/24

Estimated Operating Surplus/(Deficit) 2014/2015 to 2023/2024

Surplus

Deficit

4. Debt Management

Prudent financial management dictates that a council does not over commit itself to debts that it cannot fulfil. It is important to assess the ongoing risk that is associated with meeting any debt and interest commitments to ensure there are sufficient funds available to meet any current and future liabilities of Council. Debt Service Ratio Definition: Net Debt Service Cost Total Revenue from Ordinary Activities Description: The Debt Service Ratio is used to show the percentage of annual revenue necessary to service annual debt obligations e.g. loan repayments. It also shows the commitment of future revenue necessary to fund long term obligations. Target: Council aims to maintain this ratio below 20% at all times. Projection: That Council will maintain the ratio below 20% of the LTFP.

5. Dependence on Revenue from Annual Charges Councils throughout NSW have become dependent on Rating and Annual Charges Revenue to meet the various costs associated with servicing their communities. This dependence highlights the need for Council to look for new opportunities to ensure the long term sustainability of the Shire. Annual Charges Coverage Ratio Definition: Annual Charges Income from continuing Operations Description: Purpose of this ratio is to assess the degree of Council's dependence upon revenue from rates and annual charges and to assess the security of Council's income. Target: To sustain a ratio of under 30%. Projection: That Council sustains a ratio of under 30% of the LTFP.

7 APPENDICES Appendix A: Central Tablelands Water – 10 Year Financial Plan

OPERATING STATEMENT 13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21 21/22 22/23 23/24

Operating RevenueAvailability Charges (1,235,673) (1,207,290) (1,215,675) (1,224,121) (1,232,626) (1,241,192) (1,249,819) (1,258,508) (1,267,258) (1,276,071) (1,284,946) Water Sales (3,661,242) (3,560,318) (3,762,787) (3,976,800) (4,203,014) (4,442,126) (4,694,873) (4,962,034) (5,244,432) (5,542,937) (5,858,471) User Charges (117,000) (103,799) (106,913) (110,120) (113,424) (116,827) (120,331) (123,941) (127,660) (131,489) (135,434) Interest (168,000) (213,000) (286,406) (365,266) (300,962) (226,458) (310,451) (304,853) (238,208) (198,460) (633,033) Other Revenues (330,510) (328,997) (338,867) (348,834) (359,101) (369,675) (380,567) (391,984) (392,410) (403,906) (415,746) Grants - Aquisition of Assets (158,415) (142,135) (146,399) (150,791) (155,315) (159,974) (164,773) (169,717) (174,808) (180,052) (185,454) Grants - Other (53,707) (55,392) (55,669) (55,947) (56,227) (56,508) (56,791) (57,075) (57,360) (57,647) (57,935) Contributions (22,893) (38,653) (39,812) (41,007) (42,237) (43,504) (44,809) (46,153) (47,538) (48,964) (50,433) Gains on Disposal of Assets (64,699) (51,700) (53,251) (54,849) (56,494) (58,189) (59,934) (61,733) (63,584) (65,492) (67,457)

Total Operating Revenue (5,812,139) (5,701,283) (6,005,779) (6,327,734) (6,519,398) (6,714,452) (7,082,348) (7,375,997) (7,613,258) (7,905,018) (8,688,908)

Operating ExpensesManagement Expenses 1,013,334 1,175,616 1,057,710 1,077,395 1,109,717 1,143,008 1,177,299 1,207,840 1,237,471 1,274,595 1,312,835 Supervision & Technical Expenses 213,534 218,195 224,741 397,644 228,222 219,546 226,132 232,916 239,904 264,572 254,515 Operational Expenses 2,189,583 2,242,346 2,244,877 2,310,528 2,458,127 2,413,931 2,572,093 2,630,152 2,728,380 2,816,715 2,871,841 Interest 244,365 221,653 197,948 171,560 143,932 114,437 83,170 49,352 13,612 - 795,791 Depreciation - System Assets 1,656,336 1,622,048 1,670,710 1,720,831 1,772,456 1,825,630 1,880,398 1,936,810 1,994,915 2,054,762 2,116,402 Depreciation - Plant & Equipment 192,825 212,223 218,590 225,147 231,902 238,859 246,025 253,405 261,008 268,838 276,903 Amortisation - Intangible Assets - 46,873 46,873 39,059 - - - - - - -

Total Operating Expenses 5,509,977 5,738,953 5,661,448 5,942,165 5,944,355 5,955,411 6,185,118 6,310,476 6,475,289 6,679,482 7,628,287 Estimated Operating Result for Period (Surplus)/Deficit (302,162) 37,670 (344,331) (385,569) (575,043) (759,041) (897,231) (1,065,520) (1,137,969) (1,225,536) (1,060,622)

Add Expenses not Involving Flow of FundsDepreciation (1,849,161) (1,881,144) (1,936,172) (1,985,037) (2,004,358) (2,064,488) (2,126,423) (2,190,216) (2,255,922) (2,323,600) (2,393,305)

Add Non-operating Funds EmployedCarrying amount of Assets Sold (266,301) (273,300) (281,499) (289,944) (298,642) (307,602) (316,830) (326,334) (336,125) (346,208) (356,595) Loan Funds Utilised - - - - - - - - - (10,000,000) -

Less Funds Deployed for Non-operatingPurposesAquisition of Assets 701,811 2,132,046 746,761 3,603,873 3,867,514 1,139,089 2,946,108 4,263,849 4,040,826 5,995,397 8,039,541 Repayment of Loans 336,292 359,004 382,708 409,096 436,725 466,219 497,487 531,304 413,245 - 214,679

Less Internal TransactionsTransfer to Reserves 982,581 918,194 964,103 1,011,670 1,060,973 1,112,091 1,165,109 1,220,115 1,172,266 1,222,357 1,273,937 Transfer from Reserves (370,811) (1,913,032) (412,011) (3,441,034) (3,582,647) (773,299) (2,569,344) (3,875,782) (3,641,117) (5,583,697) (7,615,490)

Estimated Budget Result (Surplus)/Deficit (767,751) (620,562) (880,441) (1,076,946) (1,095,477) (1,187,030) (1,301,123) (1,442,584) (1,744,795) ########## (1,897,854)

CENTRAL TABLELANDS Water - 10 Year Financial Plan

SCHEDULES 13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21 21/22 22/23 23/24

Management Expenses 1,013,334 1,175,617 1,057,710 1,077,395 1,109,717 1,143,008 1,177,299 1,207,840 1,237,471 1,274,595 1,312,833

Salaries 403,768 422,137 434,801 447,845 461,281 475,119 489,373 504,054 519,175 534,751 550,793

Employees Leave Entitlements 61,806 160,493 64,150 66,074 68,056 70,098 72,201 74,367 76,598 78,896 81,263

Employee Overhead Expenses 45,778 48,652 50,111 39,272 40,450 41,664 42,913 44,201 45,527 46,893 48,300

Management Travelling Expenses 33,600 36,750 37,853 38,988 40,158 41,362 42,603 43,881 45,198 46,554 47,950

Office Building Expenses 28,761 34,296 35,325 36,385 37,476 38,600 39,758 40,951 42,180 43,445 44,748

Office Equipment Expenses 62,875 61,887 63,743 65,656 67,625 69,654 71,744 73,896 76,113 78,396 80,748

Sundry Administration Expenses 269,675 304,785 262,429 270,301 278,410 286,763 295,366 299,450 308,434 317,687 327,218

Chairman's Allowance 14,420 14,781 15,224 15,681 16,151 16,636 17,135 17,649 18,178 18,723 19,285

Members Fees 52,713 54,013 55,634 57,303 59,022 60,792 62,616 64,495 66,429 68,422 70,475

Members Travelling & Subsistence 4,400 4,400 4,532 4,668 4,808 4,952 5,101 5,254 5,411 5,574 5,741

Members Sundry Expenses 2,628 2,628 2,706 2,788 2,871 2,957 3,046 3,136 3,136 3,230 3,327

Delegates Expenses 9,236 7,570 7,797 8,031 8,272 8,520 8,776 9,039 9,310 9,589 9,877

Subscriptions 23,674 23,226 23,406 24,404 25,136 25,890 26,667 27,467 21,781 22,434 23,107

Technical & Supervision Expenses 213,534 218,195 224,741 397,644 228,222 219,546 226,132 232,916 239,904 264,572 254,514

Salaries 105,969 109,119 112,393 115,764 119,237 122,814 126,499 130,294 134,203 138,229 142,376

Employees Leave Entitlements 22,977 23,108 23,801 206,470 20,743 21,366 22,007 22,667 23,347 24,047 24,769

Employee Overhead Expenses 9,788 9,244 9,521 (5,986) (6,166) (6,351) (6,541) (6,738) (6,940) (7,148) (7,362)

Travelling Expenses 19,800 18,000 18,540 19,096 19,669 20,259 20,867 21,493 22,138 22,802 23,486

Sundry Technical Expenses 55,000 58,724 60,486 62,300 74,738 61,457 63,301 65,200 67,156 86,642 71,246

Operational Expenses 2,189,583 2,242,346 2,244,877 2,310,528 2,458,127 2,413,931 2,572,093 2,630,152 2,728,380 2,816,715 2,871,835

Operations Staff Leave Entitlements 132,662 131,906 135,863 139,939 216,827 130,780 134,704 138,745 142,907 147,194 151,610

Operations Staff Overheads 68,758- 80,528- 82,944- 105,628- 108,797- 112,061- 115,422- 118,885- 122,452- 126,125- 129,909-

Meter Reading 75,356 74,205 76,431 78,724 81,085 83,518 86,023 88,604 91,262 94,000 96,820

Depot Expenses 68,368 71,909 74,066 76,288 78,577 80,934 83,362 85,863 88,439 91,092 93,824

Work Health & Safety (WHS) 5,346 17,598 5,671 5,841 6,016 6,197 6,383 6,574 6,771 6,974 7,184

Dams & Weirs 96,139 109,982 112,497 115,872 119,348 122,929 126,617 130,415 134,328 138,358 142,508

Mains Maintenance 450,784 472,784 486,967 501,576 516,624 532,122 548,086 564,528 581,464 598,908 616,876

Reservoirs - Operation Expenses - - - - - - -

- Maintenance Expenses 38,394 39,192 40,368 41,579 42,826 44,111 45,434 46,797 48,201 49,647 51,137

Pumping Station - Operation Expenses - - - - - - -


- Energy Costs 218,489 251,465 259,009 266,780 274,783 283,026 291,517 300,263 309,271 318,549 328,105

Water Treatment - Operation Expenses 157,363 183,093 188,586 194,243 200,071 206,073 279,451 287,834 294,393 303,225 312,322


- Chemical Costs 207,851 169,533 174,619 179,857 185,253 190,811 196,535 202,431 208,504 214,759 221,202

- Energy Costs 125,459 127,472 131,296 135,235 139,292 143,471 147,775 152,209 156,775 161,478 166,322

Other Costs 287,062 297,472 254,897 281,043 295,068 278,532 305,436 295,495 325,760 342,017 322,895

Quandialla Water Supply 31,627 33,960 34,979 36,028 37,109 38,222 39,369 40,550 41,766 43,019 44,310

Interest Expenses 244,365 221,653 197,948 171,560 143,932 114,437 83,170 49,352 13,612 - 795,791

Interest on Loans 244,365 221,653 197,948 171,560 143,932 114,437 83,170 49,352 13,612 - 795,791


OPERATING INCOME 13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21 21/22 22/23 23/24

Availability Charges 1,235,673 1,207,290 1,215,675 1,224,121 1,232,626 1,241,192 1,249,819 1,258,508 1,267,258 1,276,071 1,284,946 Residential, Rural & Commercial 1,266,379 1,269,890 1,278,779 1,287,731 1,296,745 1,305,822 1,314,963 1,324,168 1,333,437 1,342,771 1,352,170 Industrial 14,512 15,312 15,312 15,312 15,312 15,312 15,312 15,312 15,312 15,312 15,312 Quandialla Service Charges 52,432 22,800 22,800 22,800 22,800 22,800 22,800 22,800 22,800 22,800 22,800 Less: Pensioner Rebates (97,650) (100,713) (101,216) (101,722) (102,231) (102,742) (103,256) (103,772) (104,291) (104,812) (105,336) Water Sales 3,661,242 3,560,318 3,762,787 3,976,800 4,203,014 4,442,126 4,694,873 4,962,034 5,244,432 5,542,937 5,858,471 Price per Kilolitre 2.15 2.25 2.43 2.62 2.83 3.06 3.31 3.57 3.86 4.16 4.50 Average Annual Consumer Account 746 772 817 867 920 978 1,040 1,107 1,179 1,258 1,342 Water Sales - Residential etc 3,030,000 2,880,000 3,045,168 3,219,808 3,404,464 3,599,710 3,806,154 4,024,437 4,255,238 4,499,276 4,757,310 Water Sales - Industrial 333,207 400,163 423,112 447,377 473,034 500,163 528,847 559,177 591,245 625,153 661,006 Water Sales - Cowra 167,700 175,500 185,565 196,207 207,460 219,357 231,937 245,239 259,304 274,175 289,899 Water Sales - Other 13,385 10,155 10,663 11,196 11,756 12,343 12,961 13,609 14,289 15,004 15,754 Water Sales - Quandialla 63,200 94,500 98,280 102,211 106,300 110,552 114,974 119,573 124,356 129,330 134,503 Excess Water Sales Price per kilolitre 3.23 - - - - - - - - - - Water Sales Above 450kl 53,750 - - - - - - - - - -

User Charges 117,000 103,799 106,913 110,120 113,424 116,827 120,331 123,941 127,660 131,489 135,434 Installations & Private Works Income 75,000 58,699 60,460 62,274 64,142 66,066 68,048 70,090 72,192 74,358 76,589 Attendance & Reconnection Charges 30,000 32,500 33,475 34,479 35,514 36,579 37,676 38,807 39,971 41,170 42,405 Meter Test & Special Reading Fees - - - - - - - - - - Section 603 Certificates 12,000 12,600 12,978 13,367 13,768 14,181 14,607 15,045 15,496 15,961 16,440 Interest 168,000 213,000 286,406 365,266 300,962 226,458 310,451 304,853 238,208 198,460 633,033 Investments 160,000 206,000 279,336 358,125 293,749 219,174 303,094 297,423 230,703 190,880 625,377 Overdue Accounts 8,000 7,000 7,070 7,141 7,212 7,284 7,357 7,431 7,505 7,580 7,656 Other Revenues 330,510 328,997 338,867 348,834 359,101 369,675 380,567 391,984 392,410 403,906 415,746 Catchment Area Rents 6,429 6,429 6,622 6,622 6,622 6,622 6,622 6,821 6,821 6,821 6,821 Lease Income NBN & Police Dept 6,571 11,000 11,330 11,670 12,020 12,381 12,752 13,135 2,400 2,400 2,400 Sundry Income 1,500 1,000 1,030 1,061 1,093 1,126 1,159 1,194 1,230 1,267 1,305 Plant Running Income 302,510 297,268 306,186 315,372 324,833 334,578 344,615 354,954 365,602 376,570 387,867 Insurance Experience Discount & Rebates 13,500 13,300 13,699 14,110 14,533 14,969 15,418 15,881 16,357 16,848 17,353 Grants 53,707 55,392 55,669 55,947 56,227 56,508 56,791 57,075 57,360 57,647 57,935 Acquisition of Assets - - - - - - - - - - - Pensioner Rebates 53,707 55,392 55,669 55,947 56,227 56,508 56,791 57,075 57,360 57,647 57,935 Sundry Grants & Subsidies - IWCM & Drought - - - - - - - Contributions 22,893 38,653 39,812 41,007 42,237 43,504 44,809 46,153 47,538 48,964 50,433 Staff contributions - vehicles & superannuation 22,893 38,653 39,812 41,007 42,237 43,504 44,809 46,153 47,538 48,964 50,433 Gain or Loss on Sale of Assets 64,699 51,700 53,251 54,849 56,494 58,189 59,934 61,733 63,584 65,492 67,457 Profit on Sale Plant & Equipment 64,699 51,700 53,251 54,849 56,494 58,189 59,934 61,733 63,584 65,492 67,457

320,827 304,730 390,682 320,454 239,098 330,648 324,461 251,676 208,233 682,230 415,608



Administration Salaries 403,768 422,137 434,801 447,845 461,281 475,119 489,373 504,054 519,175 534,751 550,793

General Manager 141,848 146,090 150,473 154,987 159,637 164,426 169,358 174,439 179,672 185,063 190,614

Administration Staff 261,920 276,047 284,329 292,858 301,644 310,693 320,014 329,615 339,503 349,688 360,179

Administration Leave Entitlements 61,806 160,493 64,150 66,074 68,056 70,098 72,201 74,367 76,598 78,896 81,263

Annual Leave 34,703 35,178 36,233 37,320 38,440 39,593 40,781 42,004 43,265 44,563 45,899

Long Service Leave 27,103 125,315 27,916 28,754 29,616 30,505 31,420 32,362 33,333 34,333 35,363

Administration - Overhead 45,778 48,652 50,111 39,272 40,450 41,664 42,913 44,201 45,527 46,893 48,300

Payroll Tax 12,936 14,131 14,555 14,992 15,441 15,905 16,382 16,873 17,379 17,901 18,438

Fringe Benefits Tax 6,000 8,000 8,240 8,487 8,742 9,004 9,274 9,552 9,839 10,134 10,438

Training Expenses 6,000 7,985 8,225 8,471 8,725 8,987 9,257 9,535 9,821 10,115 10,419

Workers Compensation Insurance 12,147 12,670 13,050 13,442 13,845 14,260 14,688 15,129 15,583 16,050 16,531

Superannuation 46,434 49,400 50,882 40,066 41,268 42,506 43,781 45,095 46,447 47,841 49,276

Sick Leave Insurance 3,071 1,146 1,180 1,216 1,252 1,290 1,329 1,368 1,409 1,452 1,495

less Contributions to Admin.Overheads (40,810) (44,680) (46,021) (47,402) (48,824) (50,288) (51,797) (53,351) (54,951) (56,600) (58,298)

Administration Travelling 33,600 36,750 37,853 38,988 40,158 41,362 42,603 43,881 45,198 46,554 47,950

General Manager 17,100 17,550 18,077 18,619 19,177 19,753 20,345 20,956 21,584 22,232 22,899

Administration Staff 16,500 19,200 19,776 20,369 20,980 21,610 22,258 22,926 23,614 24,322 25,052



Administration Building 28,761 34,296 35,325 36,385 37,476 38,600 39,758 40,951 42,180 43,445 44,748

Building M & R 4,506 4,683 4,823 4,968 5,117 5,271 5,429 5,592 5,759 5,932 6,110

Office Cleaning 15,055 16,057 16,539 17,035 17,546 18,072 18,614 19,173 19,748 20,341 20,951

Electricity & Gas 7,000 11,192 11,528 11,874 12,230 12,597 12,975 13,364 13,765 14,178 14,603

Council Rates 1,720 1,884 1,941 1,999 2,059 2,120 2,184 2,250 2,317 2,387 2,458

Sundry Building Expenses 480 480 494 509 525 540 556 573 590 608 626

Office Equipment 62,875 61,887 63,743 65,656 67,625 69,654 71,744 73,896 76,113 78,396 80,748

Equipment M & R 12,680 13,302 13,701 14,112 14,536 14,972 15,421 15,884 16,360 16,851 17,356

Computer Hardware & Software Support 42,445 43,435 44,738 46,080 47,462 48,886 50,353 51,863 53,419 55,022 56,672

Computer & Copier Lease Payments - - - - - - - - - - -

Computer Sundry Expenses 7,750 5,150 5,305 5,464 5,628 5,796 5,970 6,149 6,334 6,524 6,720

Other Administration Expenses 269,675 304,785 262,429 270,301 278,410 286,763 295,366 299,450 308,434 317,687 327,218

Advertising 6,000 6,000 6,180 6,365 6,556 6,753 6,956 7,164 7,379 7,601 7,829

Printing & Stationery 23,187 23,414 24,116 24,840 25,585 26,353 27,143 27,958 28,796 29,660 30,550

Postage & Courier Charges 14,000 15,400 15,862 16,338 16,828 17,333 17,853 18,388 18,940 19,508 20,094

Telephone & Fax Charges - Office 7,295 7,192 7,408 7,630 7,859 8,095 8,337 8,588 8,845 9,111 9,384

Bank & Merchant Charges 25,200 25,725 26,497 27,292 28,110 28,954 29,822 30,717 31,638 32,588 33,565

Consultancy Fees Consumer Survey - - - - - - - - - - -

Audit Fees 16,427 16,986 17,496 18,020 18,561 19,118 19,691 20,282 20,891 21,517 22,163

Internal Audit 10,000 15,000 15,450 15,914 16,391 16,883 17,389 17,911 18,448 19,002 19,572

Legal Expenses 8,000 8,000 8,240 8,487 8,742 9,004 9,274 9,552 9,839 10,134 10,438

Integrated Planning & Reporting (IP&R) 1,500 2,500 2,575 2,652 2,732 2,814 2,898 2,985 3,075 3,167 3,262

Insurance - Public Liability/Prof. Indemnity 23,585 24,387 25,119 25,872 26,648 27,448 28,271 29,119 29,993 30,893 31,820

- Industrial Special Risk (Property) 56,975 61,658 63,508 65,413 67,375 69,397 71,479 73,623 75,832 78,107 80,450

- Fidelity Guarantee 1,000 1,030 1,061 1,093 1,126 1,159 1,194 1,230 1,267 1,305 1,344

Sundry Administration Expenses:

- Sundry Expenses 9,219 7,700 7,931 8,169 8,414 8,666 8,926 9,194 9,470 9,754 10,047

- Rounding of Cents - - - - - - - - - - -

- Collection Agency Charges - - - - - - - - - - -

- Commission on Water Sales 1,284 - - - - - - - - - -

Blayney Shire - Shared HR Support 4,000 4,000 4,120 4,244 4,371 4,502 4,637 - - - -

WBC Alliance 19,143 22,883 23,569 24,277 25,005 25,755 26,528 27,323 28,143 28,987 29,857

WBC Alliance Projects 30,000 50,000

Contributions & Donations 12,860 12,910 13,297 13,696 14,107 14,530 14,966 15,415 15,878 16,354 16,845



Members' Fees - Section 248 52,713 54,013 55,634 57,303 59,022 60,792 62,616 64,495 66,429 68,422 70,475

Annual Fee 52,713 54,013 55,634 57,303 59,022 60,792 62,616 64,495 66,429 68,422 70,475



Members' Travelling & Subsistence 4,400 4,400 4,532 4,668 4,808 4,952 5,101 5,254 5,411 5,574 5,741

Travelling & Subsistence 4,400 4,400 4,532 4,668 4,808 4,952 5,101 5,254 5,411 5,574 5,741

Members' Sundry Expenses 2,628 2,628 2,706 2,788 2,871 2,957 3,046 3,136 3,136 3,230 3,327

Insurance 2,628 2,628 2,706 2,788 2,871 2,957 3,046 3,136 3,136 3,230 3,327

Delegates Expenses 9,236 7,570 7,797 8,031 8,272 8,520 8,776 9,039 9,310 9,589 9,877

LG One Association & LGMA Conferences 6,438 4,920 5,068 5,220 5,376 5,538 5,704 5,875 6,051 6,233 6,419

Water Resources Conference 2,798 2,650 2,730 2,811 2,896 2,983 3,072 3,164 3,259 3,357 3,458

Subscriptions 23,674 23,226 23,406 24,404 25,136 25,890 26,667 27,467 21,781 22,434 23,107

LGNSW Subscription 2,358 2,475 2,549 2,626 2,704 2,786 2,869 2,955 3,044 3,135 3,229

Water Directorate 3,416 3,455 3,559 3,665 3,775 3,889 4,005 4,125 4,249 4,377 4,508

Australian Water Association 618 655 675 695 716 737 759 782 806 830 855

CENTROC 6,000 5,645 5,814 5,989 6,168 6,353 6,544 6,740 432 445 458

CENTROC Water Utilities Alliance 8,197 8,740 8,485 9,036 9,307 9,586 9,874 10,170 10,475 10,789 11,113

CENTROC Savewater Alliance Membership 2,595 2,256 2,324 2,393 2,465 2,539 2,615 2,694 2,775 2,858 2,944

Lachlan Valley Water Inc 490 - - - - - - - -

Technical/Supervision Salaries 105,969 109,119 112,393 115,764 119,237 122,814 126,499 130,294 134,203 138,229 142,376

Operations Manager 105,969 109,119 112,393 115,764 119,237 122,814 126,499 130,294 134,203 138,229 142,376

Technical Assistance - - - - - - - - - - -

Technical/Super. Staff Leave Entitlements 22,977 23,108 23,801 206,470 20,743 21,366 22,007 22,667 23,347 24,047 24,769

Annual Leave 8,831 9,093 9,366 9,647 9,936 10,235 10,542 10,858 11,184 11,519 11,865


Technical/Supervision Staff Overheads 9,788 9,244 9,521 5,986- 6,166- 6,351- 6,541- 6,738- 6,940- 7,148- 7,362-

Payroll Tax 4,107 3,742 3,855 3,970 4,090 4,212 4,339 4,469 4,603 4,741 4,883

Fringe Benefits Tax 2,000 4,000 4,120 4,244 4,371 4,502 4,637 4,776 4,919 5,067 5,219



Superannuation 23,067 23,370 24,071 9,000 9,270 9,548 9,835 10,130 10,433 10,746 11,069


less Supervision O/heads charged to jobs (27,620) (29,787) (30,681) (31,601) (32,549) (33,526) (34,531) (35,567) (36,634) (37,733) (38,865)

Technical/Supervision Travelling 19,800 18,000 18,540 19,096 19,669 20,259 20,867 21,493 22,138 22,802 23,486

Operations Manager 19,800 18,000 18,540 19,096 19,669 20,259 20,867 21,493 22,138 22,802 23,486



Sundry Engineering Expenses 55,000 58,724 60,486 62,300 74,738 61,457 63,301 65,200 67,156 86,642 71,246

Engineers Office/Mapping Expenses 3,082 3,030 3,121 3,215 3,311 3,410 3,513 3,618 3,727 3,838 3,953

Telemetry Expenses 45,618 44,194 45,520 46,886 48,292 49,741 51,233 52,770 54,353 55,984 57,663

Asset/Mapping Management System 1,500 7,000 7,210 7,426 7,649 7,879 8,115 8,358 8,609 8,867 9,133

Asset Revaluation - - - - 15,071 - - - - 17,471

Waterwise/Demand Management 4,800 4,500 4,635 4,774 415 428 441 454 467 481 496

Operations Staff Leave Entitlements 132,662 131,906 135,863 139,939 216,827 130,780 134,704 138,745 142,907 147,194 151,610

Annual Leave 57,902 58,323 60,072 61,874 63,731 65,643 67,612 69,640 71,729 73,881 76,098

Sick Leave - - - - - - - - - - -


Public Holidays 28,042 28,296 29,145 30,020 30,920 31,848 32,803 33,787 34,801 35,845 36,920

Operations Staff Overheads 68,758- 80,528- 82,944- 105,628- 108,797- 112,061- 115,422- 118,885- 122,452- 126,125- 129,909-

Payroll Tax 25,797 23,347 24,048 24,769 25,512 26,277 27,066 27,878 28,714 29,575 30,463

Fringe Benefits Tax - - - - - - - - - - -



Superannuation 79,637 75,143 77,397 59,524 61,310 63,149 65,043 66,995 69,005 71,075 73,207


less: Charged to New Installations - - - - - - - - -

less: Quandialla Overheads & Supervision - - - - - - - - -

less: Contributions to Overheads (219,296) (223,782) (230,495) (237,410) (244,532) (251,868) (259,424) (267,207) (275,223) (283,480) (291,984)

Meter Reading 75,356 74,205 76,431 78,724 81,085 83,518 86,023 88,604 91,262 94,000 96,820

Meter Reading 75,356 74,205 76,431 78,724 81,085 83,518 86,023 88,604 91,262 94,000 96,820

Depot Expenses 68,368 71,909 74,066 76,288 78,577 80,934 83,362 85,863 88,439 91,092 93,824

Depot Expenses 68,368 71,909 74,066 76,288 78,577 80,934 83,362 85,863 88,439 91,092 93,824



Dams & Weirs 96,139 109,982 112,497 115,872 119,348 122,929 126,617 130,415 134,328 138,358 142,508

Lake Rowlands - Foreshore Management 13,033 12,510 12,885 13,272 13,670 14,080 14,502 14,937 15,385 15,847 16,322

- Algal Control 3,844 3,589 3,697 3,807 3,922 4,039 4,161 4,285 4,414 4,546 4,683

- Council Rates - - - - - - - - -

- Maintenance 55,071 53,343 54,943 56,591 58,289 60,037 61,839 63,694 65,605 67,573 69,600

- Check Levels & Destratif'n - - - - - - - - -

- Other 18,619 39,779 40,973 42,202 43,468 44,772 46,115 47,499 48,924 50,391 51,903

Lake Rowlands - Safety Review - - - - - - - - - - -

Bogolong Dam - Foreshore Management 5,421 761

- Other 151 - - - - - - - - - -

Mains Maintenance 450,784 472,784 486,967 501,576 516,624 532,122 548,086 564,528 581,464 598,908 616,876

Reticulation - Hydrants & Stop Valves 98,420 121,330 124,970 128,719 132,580 136,558 140,654 144,874 149,220 153,697 158,308

- Flushing 12,284 12,634 13,013 13,404 13,806 14,220 14,647 15,086 15,538 16,005 16,485

- Breakages & Leaks 75,372 76,391 78,682 81,043 83,474 85,978 88,558 91,214 93,951 96,769 99,672

- Locations 3,110 3,188 3,284 3,382 3,484 3,588 3,696 3,807 3,921 4,039 4,160

- Services 51,133 52,160 53,725 55,337 56,997 58,707 60,468 62,282 64,151 66,075 68,057

- System Checks 37,969 39,060 40,232 41,439 42,682 43,962 45,281 46,640 48,039 49,480 50,964

- Restorations 2,392 2,465 2,539 2,615 2,693 2,774 2,857 2,943 3,031 3,122 3,216

- Other 40,567 44,024 45,345 46,705 48,106 49,550 51,036 52,567 54,144 55,768 57,442

Trunk Mains - Air & Scour Valves 48,819 39,789 40,983 42,212 43,478 44,783 46,126 47,510 48,935 50,403 51,916

- Flushing 4,628 4,768 4,911 5,058 5,210 5,366 5,527 5,693 5,864 6,040 6,221

- Breakages & Leaks 28,879 28,730 29,592 30,480 31,394 32,336 33,306 34,305 35,334 36,394 37,486

- System Checks 31,553 32,280 33,248 34,246 35,273 36,331 37,421 38,544 39,700 40,891 42,118

- Services 11,855 12,073 12,436 12,809 13,193 13,589 13,996 14,416 14,849 15,294 15,753

- Locations 3,803 3,892 4,008 4,129 4,252 4,380 4,511 4,647 4,786 4,930 5,078



Reservoirs - Operations Expenses - - - - - - - - - - -

Blayney Area Reservoir Operations to be split up from Reservoir Maintenance

Canowindra Area - - - - - - - - - - -

Grenfell Area - - - - - - - - - - -

D-Section Area - - - - - - - - - - -

Reservoirs - Maintenance 38,394 39,192 40,368 41,579 42,826 44,111 45,434 46,797 48,201 49,647 51,137

Blayney Area 10,603 10,663 10,983 11,313 11,652 12,002 12,362 12,733 13,115 13,508 13,913

Canowindra Area 14,216 14,664 15,104 15,557 16,024 16,505 17,000 17,510 18,035 18,576 19,133

Grenfell Area 3,135 3,185 3,281 3,379 3,481 3,585 3,692 3,803 3,917 4,035 4,156

Other - Mowing 7,631 7,827 8,062 8,303 8,553 8,809 9,073 9,346 9,626 9,915 10,212

D-Section Area 2,809 2,853 2,938 3,026 3,117 3,211 3,307 3,406 3,509 3,614 3,722

Pumping Station - Operation Expenses - - - - - - - - - - -

Blayney Area Pumping Station Operations to be split from Pumping Station M - - - - - -

Canowindra Area - - - - - - - - - - -

Grenfell Area - - - - - - - - - - -

D-Section Area - - - - - - - - - - -

Pumping Station - Maintenance & Repair 78,612 80,472 82,886 85,373 87,934 90,572 93,289 96,088 98,970 101,939 104,998

Blayney Area 24,980 25,740 26,512 27,307 28,126 28,970 29,839 30,735 31,657 32,606 33,585

Canowindra Area 29,111 28,530 29,386 30,267 31,175 32,110 33,074 34,066 35,088 36,141 37,225

Grenfell Area 14,362 15,170 15,625 16,094 16,576 17,074 17,586 18,114 18,657 19,217 19,793

D-Section Area 10,159 11,033 11,364 11,705 12,056 12,417 12,790 13,174 13,569 13,976 14,395

Pumping Station - Energy Costs 218,489 251,465 259,009 266,780 274,783 283,026 291,517 300,263 309,271 318,549 328,105

Blayney Area 122,409 91,322 94,062 96,883 99,790 102,784 105,867 109,043 112,314 115,684 119,154

Canowindra Area 70,530 87,423 90,045 92,747 95,529 98,395 101,347 104,387 107,519 110,745 114,067

Grenfell Area 19,600 63,830 65,745 67,717 69,749 71,841 73,996 76,216 78,503 80,858 83,283

D-Section Area 5,950 8,891 9,158 9,432 9,715 10,007 10,307 10,616 10,935 11,263 11,601



Water Filtration - Operating Expenses 157,363 183,093 188,586 194,243 200,071 206,073 279,451 287,834 294,393 303,225 312,322

Blayney WFP 53,831 57,114 58,828 60,593 62,410 64,283 66,211 68,198 70,244 72,351 74,521

Carcoar WFP 53,831 57,114 58,828 60,593 62,410 64,283 66,211 68,198 70,244 72,351 74,521

Grenfell WFP Permanently out of operation - - - - -

Off-site Sludge Disposal - - - - - - 67,196 69,212 69,212 71,288 73,427

Staff Training 5,079 6,194 6,380 6,572 6,769 6,972 7,181 7,396 7,618 7,847 8,082

Water Analysis - Reticulation 16,922 21,090 21,722 22,374 23,045 23,737 24,449 25,182 25,938 26,716 27,517

- Trunk Mains 16,723 16,152 16,637 17,136 17,650 18,180 18,725 19,287 19,865 20,461 21,075

- Lake Rowlands 9,306 8,903 9,170 9,445 9,728 10,020 10,321 10,631 10,949 11,278 11,616

- Other 1,671 16,525 17,020 17,531 18,057 18,599 19,156 19,731 20,323 20,933 21,561

Water Filtration - Maintenance & Repair 284,829 261,832 269,686 277,777 286,110 294,694 303,535 312,641 322,020 331,680 341,631

Blayney WFP 113,162 111,066 114,397 117,829 121,364 125,005 128,755 132,618 136,597 140,694 144,915

Carcoar WFP 171,667 150,766 155,289 159,948 164,746 169,689 174,779 180,023 185,423 190,986 196,715

Grenfell WFP Permanently out of operation - - - - - - - -

Water Filtration - Chemical Costs 207,851 169,533 174,619 179,857 185,253 190,811 196,535 202,431 208,504 214,759 221,202

Blayney WFP 68,088 48,760 50,223 51,729 53,281 54,880 56,526 58,222 59,969 61,768 63,621

Carcoar WFP 135,983 116,993 120,503 124,118 127,841 131,677 135,627 139,696 143,887 148,203 152,649

Grenfell WFP 3,780 3,780 3,893 4,010 4,131 4,254 4,382 4,514 4,649 4,788 4,932

Water Filtration - Energy Costs 125,459 127,472 131,296 135,235 139,292 143,471 147,775 152,209 156,775 161,478 166,322

Blayney WFP 18,891 20,161 20,765 21,388 22,030 22,691 23,372 24,073 24,795 25,539 26,305

Carcoar WFP 104,927 105,095 108,248 111,495 114,840 118,285 121,834 125,489 129,254 133,131 137,125

Grenfell WFP 1,641 2,217 2,283 2,352 2,422 2,495 2,570 2,647 2,726 2,808 2,892

Other Costs 287,062 297,472 254,897 281,043 295,068 278,532 305,436 295,495 325,760 342,017 322,895

Safety Equipment & Clothing 6,978 7,187 7,403 7,625 7,853 8,089 8,332 8,582 8,839 9,104 9,377

Installations & Private Works 54,126 36,532 37,628 38,757 39,920 41,117 42,351 43,622 44,930 46,278 47,666

Plant Running Expenses 204,958 203,753 209,866 216,162 222,646 229,326 236,206 243,292 250,590 258,108 265,851

IWCM - - -

Demand Management Plan - - - 18,500 - - - - 21,400 - -

Drought Management Plan - - - - 11,600 - - - - 13,400

Drinking Water Management Plan 5,000 -

Lake Rowlands Dam Surveillance Review 16,000 - 18,548

Consultancy - Asset Management Plan - 25,000

Consultancy - Quality Assurance Plan - 25,000 - - - - - - - - -

Update Developer Servicing Plan 0 0 - 13,048 - 15,126

Quandialla Water Supply 31,627 33,960 34,979 36,028 37,109 38,222 39,369 40,550 41,766 43,019 44,310

Electricity 7,291 9,392 9,674 9,964 10,263 10,571 10,888 11,214 11,551 11,897 12,254

Maintenance 19,110 19,397 19,979 20,578 21,195 21,831 22,486 23,161 23,855 24,571 25,308

Chemicals 550 550 567 583 601 619 638 657 676 697 718

Overheads 4,676 4,621 4,760 4,903 5,050 5,201 5,357 5,518 5,684 5,854 6,030



Interest 244,365 221,653 197,948 171,560 143,932 114,437 83,170 49,352 13,612 - 795,791

Interest on Loans - Quandialla 17,496 15,869 14,172 12,283 10,305 8,193 5,955 3,533 975 795,791

Interest on Loans - Capital Works 226,869 205,783 183,776 159,278 133,627 106,244 77,216 45,819 12,638

Depreciation - System Assets 1,656,336 1,622,048 1,670,710 1,720,831 1,772,456 1,825,630 1,880,398 1,936,810 1,994,915 2,054,762 2,116,405

Trunk Mains 562,012 538,969 555,138 571,792 588,946 606,614 624,813 643,557 662,864 682,750 703,232

Reticulation Mains 328,417 244,401 251,733 259,285 267,063 275,075 283,327 291,827 300,582 309,599 318,887

Reservoirs 160,386 159,668 164,458 169,391 174,473 179,707 185,098 190,651 196,371 202,262 208,330

Pump Stations 128,060 148,156 152,600 157,178 161,894 166,751 171,753 176,906 182,213 187,679 193,310

Bores 12,600 11,387 11,728 12,080 12,442 12,816 13,200 13,596 14,004 14,424 14,857

Filtration Plants 220,077 265,831 273,806 282,020 290,480 299,195 308,171 317,416 326,938 336,746 346,849

Telemetry 34,636 38,283 39,431 40,614 41,832 43,087 44,380 45,711 47,083 48,495 49,950

Dams 210,148 215,355 221,816 228,470 235,325 242,384 249,656 257,145 264,860 272,806 280,990

Depreciation - Plant & Equipment 192,825 212,223 218,590 225,147 231,902 238,859 246,025 253,405 261,008 268,838 276,903

Motor Vehicles 127,662 145,904 150,281 154,789 159,433 164,216 169,143 174,217 179,443 184,827 190,372

Other Plant 22,250 20,767 21,390 22,031 22,692 23,373 24,074 24,796 25,540 26,307 27,096

Buildings 38,870 38,870 40,036 41,237 42,474 43,749 45,061 46,413 47,805 49,239 50,717

Office Equipment - Engineers Instruments 1,325 1,199 1,235 1,272 1,310 1,349 1,390 1,432 1,475 1,519 1,564

- Computer 2,330 5,216 5,373 5,534 5,700 5,871 6,047 6,229 6,416 6,608 6,806

Furniture & Fittings 388 267 275 283 292 301 310 319 328 338 348

Amortisation - Intangible Assets - 46,873 46,873 39,059 - - - - - - -

IT Corporate System - 46,873 46,873 39,059


NON OPERATING EXPENSES 13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21 21/22 22/23 23/24

Acquisition of Assets 701,811 2,132,046 746,761 3,603,873 3,867,514 1,139,089 2,946,108 4,263,849 4,040,826 5,995,397 8,039,541 FundingVehicle Replacements 416,000 407,000 419,210 431,786 444,740 458,082 471,825 485,979 500,559 515,575 531,043 Office Furniture & Equipment - - 1,150 - - - - 1,350 - - - Meter Replacement Programme 131,266 102,189 105,255 108,412 111,665 115,015 118,465 122,019 125,680 129,450 133,333 Provision for Pump Replacements 44,545 45,880 47,256 48,674 50,134 51,638 53,187 54,783 56,427 58,119 59,863 Telemetry - - - - 261,000 - - - - -

Reticulation Mains Renewals - As determined 245,975 253,354 260,955 268,784 276,847 285,152 293,707 - Millthorpe - - - - - - - - - - - - South Canowindra - - - - - - - - - - - - Cudal AC Pipe - - - - - - - - - - - - Carcoar - - - - - - - - - - Reticulation Mains Extensions - - - - - - - - - - - CWFP & BWFP - Mech & Elec refurbCWFP - Mech & Elec refurb - - - - 1,384,234 CWFP - Low Level Storage - 445,000 - CWFP - Repair Plenum Floor - 200,000 - Blayney WFP - Upgrade - 700,000 - - - - - - Blayney Water Filtration Plant - - - - - - - 75,630 Trunk Main RenewalsTrunk Main 'K' Renewal - - 173,890 3,015,000 3,015,000 - - - - - Trunk Main 'U' - 'C' to Cudal - - - - 130,810 1,946,700 1,946,700 Trunk Main 'C' - Mand to 'U' - - - - - - - 280,000 4,780,000 4,780,000 Trunk Main 'B' - CWFP to Mand. - - - - - - - - - 71,300 1,395,000 Trunk Main 'C' - 'U' to G'gong - - - - - - - - 226,888 Trunk Main'D' - CWFP to B/Ck - - - - - - - - - - - Trunk Main 'A' - L/R to CWFP - - - - - Trunk Main 'F' B/Ck to M'Thorp - - - - - - - - - - - Trunk Main 'P' - 'C' to Somers - - - - - - - - - - - Trunk Main 'X' - L/R to Blayney - - - - - - - - - - - Flood Restoration - - - - - - Gooloogong Bridge Trunk Main relocation 60,000 204,977 - - - - - Lake Rowlands Remediation - - - - - - 1,910,866 - - -

- - - - - Service Reservoirs - - - - - - - - - - - Administration BuildingAdmin Building Refurbishment (Indoor) 25,000 22,000 - - - - - - - - 15,000 Admin Building Refurbishment (Outdoor) 15,000 5,000 - - - - - - - - 604,707 Admin Building Replacement - - - - - - - - - - - IT Link Upgrade (BSC & CTW) 10,000 - Gooloogong BoreNew Bore Gooloogong - - - - - - - - - 155,800 Refurbish Gooloogong Bore - - - - - - - - 778,984

Caragabal Investigation - - - - - - - - - - - Repayment of Loans 336,292 359,004 382,708 409,096 436,725 466,219 497,487 531,304 413,245 - 214,679 Principal on Loans - Quandialla 24,077 25,703 27,400 29,289 31,267 33,379 35,618 38,039 29,586 - Capital Works 312,215 333,301 355,308 379,807 405,457 432,840 461,869 493,265 383,659 214,679 Transfers to Reserves 982,581 918,194 964,103 1,011,670 1,060,973 1,112,091 1,165,109 1,220,115 1,172,266 1,222,357 1,273,937 Renewals Reserve 536,916 565,916 599,066 633,210 668,379 704,603 741,914 780,343 819,926 860,697 902,690 Renewals Reserve - Dev Charges 158,415 142,135 146,399 150,791 155,315 159,974 164,773 169,717 174,808 180,052 185,454 Renewals Reserve - 5% increase 135,498 58,314 63,420 68,973 75,012 81,580 88,724 96,492 - - - Plant & Equipment Reserve 97,553 93,515 96,320 99,210 102,186 105,252 108,410 111,662 115,012 118,462 122,016 Employees Leave Reserve - - - - - - - - Development Assistance Reserve 54,199 58,314 58,897 59,486 60,081 60,682 61,289 61,901 62,521 63,146 63,777 Funding SummaryPlant 416,000 407,000 419,210 431,786 444,740 458,082 471,825 485,979 500,559 515,575 531,043 Reserves 285,811 1,725,046 327,551 3,172,086 3,422,774 681,007 2,474,283 3,777,870 3,540,267 5,479,822 7,508,498 Contributions - - - - - -

701,811 2,132,046 746,761 3,603,873 3,867,514 1,139,089 2,946,108 4,263,849 4,040,826 5,995,397 8,039,541


NON OPERATING INCOME 13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21 21/22 22/23 23/24

Carrying Amount of Assets Sold 266,301 273,300 281,499 289,944 298,642 307,602 316,830 326,334 336,125 346,208 356,595 Motor Vehicles 266,301 273,300 281,499 289,944 298,642 307,602 316,830 326,334 336,125 346,208 356,595 Other Plant & Equipment - - - - - - - - - - - Office Furniture & Equipment - - - - - - - - - - - Loan Funds Utilised - - - - - - - - - 10,000,000 - Capital Works - - - - - - - - - 10,000,000 - Transfer from Reserves 370,811 1,913,032 412,011 3,441,034 3,582,647 773,299 2,569,344 3,875,782 3,641,117 5,583,697 7,615,490 Plant Reserve 85,000 82,000 84,460 86,994 89,604 92,292 95,060 97,912 100,850 103,875 106,991 Employees Leave Reserve 105,986 181,954 70,269 - - - - - - Development Assistance Reserve - - - - - - - - - - - Capital Works 285,811 1,725,046 327,551 3,172,086 3,422,774 681,007 2,474,283 3,777,870 3,540,267 5,479,822 7,508,498 Transfer to/from Reserve re Surplus/DeficitCapital Works ReserveBalance at beginning of year 3,708,732 5,021,501 4,683,381 6,045,157 4,802,990 3,374,399 4,826,580 4,648,831 3,360,097 2,559,360 10,381,574 Transfer from Reserve for Capital Works (285,811) (1,725,046) (327,551) (3,172,086) (3,422,774) (681,007) (2,474,283) (3,777,870) (3,540,267) (5,479,822) (7,508,498)

3,422,921 3,296,454 4,355,830 2,873,070 1,380,216 2,693,392 2,352,296 870,961 180,170- 2,920,462- 2,873,076 Transfer to Reserve 830,829 766,365 808,885 852,974 898,706 946,158 995,411 1,046,552 994,734 1,040,749 1,088,144

4,253,750 4,062,819 5,164,715 3,726,044 2,278,922 3,639,550 3,347,707 1,917,513 814,564 1,879,713- 3,961,219 Transfer to/from Reserve re Surplus/(Deficit) 767,751 620,562 880,441 1,076,946 1,095,477 1,187,030 1,301,123 1,442,584 1,744,795 12,261,287 1,897,854 Balance at end of year 5,021,501 4,683,381 6,045,157 4,802,990 3,374,399 4,826,580 4,648,831 3,360,097 2,559,360 10,381,574 5,859,074 Development Assistance ReserveBalance at beginning of year 196,520 250,719 309,033 367,930 427,416 487,497 548,179 609,468 671,369 733,890 797,035 Transfer from Reserve - - - - - - - - - - -

196,520 250,719 309,033 367,930 427,416 487,497 548,179 609,468 671,369 733,890 797,035 Transfer to Reserve 54,199 58,314 58,897 59,486 60,081 60,682 61,289 61,901 62,521 63,146 63,777

250,719 309,033 367,930 427,416 487,497 548,179 609,468 671,369 733,890 797,035 860,812 Renewals Reserve + Dev.Assistance Reserve 5,272,220 4,992,414 6,413,087 5,230,406 3,861,897 5,374,759 5,258,298 4,031,466 3,293,249 11,178,609 6,719,886 Plant & Equipment ReserveBalance at beginning of year 62,349 74,902 86,417 98,277 110,494 123,076 136,037 149,386 163,135 177,297 191,884 Transfer from Reserve - Deficit on Sales (85,000) (82,000) (84,460) (86,994) (89,604) (92,292) (95,060) (97,912) (100,850) (103,875) (106,991)

(22,651) (7,098) 1,957 11,284 20,890 30,785 40,976 51,473 62,286 73,422 84,893 Transfer to Reserve - Surplus on Sales - - - - - - - - - - Transfer to Reserve 97,553 93,515 96,320 99,210 102,186 105,252 108,410 111,662 115,012 118,462 122,016

74,902 86,417 98,277 110,494 123,076 136,037 149,386 163,135 177,297 191,884 206,909 ELE ReserveBalance at beginning of year 350,000 437,967 410,612 499,609 409,322 426,542 501,468 578,641 658,130 740,004 824,333 Transfer from Reserve (105,986) (181,954) (72,690)

350,000 331,981 410,612 317,655 336,632 426,542 501,468 578,641 658,130 740,004 824,333 Transfer to Reserve 87,967 78,631 88,997 91,667 89,910 74,926 77,174 79,489 81,874 84,330 86,860

437,967 410,612 499,609 409,322 426,542 501,468 578,641 658,130 740,004 824,333 911,193 Total Reserves (excluding ELE) 5,347,122 5,078,831 6,511,364 5,340,900 3,984,973 5,510,795 5,407,684 4,194,601 3,470,546 11,370,493 6,926,795

Grants, Subsidies & Contributions - CapitalContributions - Mains ExtensionIWCM - Blayney, Weddin & CabonneSection 64 Developer Charges 158,415 142,135 146,399 150,791 155,315 159,974 164,773 169,717 174,808 180,052 185,454

158,415 142,135 146,399 150,791 155,315 159,974 164,773 169,717 174,808 180,052 185,454

Interest on investments 279336 358125 293749 219174 303094 297423 230703 190880 625377


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