Rates, Budget and Finances

• Budget 2009/2010
• New Works & Services
• Budget Documents

Budget 2009/2010

This year's budget is focused on continuing to deliver high levels of service and maintaining important assets and improving environmental sustainability across the municipality.

The New Works and Services Budget concentrates on maintaining high cost road, footpath and bike path assets, sporting facility development and the implementation of environmental sustainability initiatives.

Community and sporting facilities have been given a $3.6 million boost, with projects including playground replacement, upgrades to tennis and basketball facilities, bowling clubs, reserve lighting, aquatic facilities and practice net replacement.  This includes $1,065,000 for the refurbishment of the Whatmough Pavilion.

In addition, Council is proposing to borrow $5m for strategic property assets and development that will generate additional income for Council.  This will include a review of existing land holdings that are not providing a tangible community benefit or financial return to Council.

Rates

Banyule's residential rates for the coming year have increased by 6.25% or $47 per annum on an average home valuation of $356,627.

The increase in rates and additional assessments will generate $3.8 million extra this year for Council to provide critical community services and facilities, from aged services to kindergartens, from bike paths and shopping centre improvements to libraries and youth support programs.

 Budget in Brief:

• 2009/10 total operating expenditure $96.069million
• Rate revenue: $55.68 million
• Rate revenue as a percentage of operqating revenue budget: 56.3%
• Government grants $19.65 million
• Debt: $34.1 million at 30/6/2010

New Works and Services: $61.9 million

• Greensborough Project                                                                                              $40,004,909
• Assets Consolidation and Development                                                                $5,000,000
• Roads, Footpaths and Traffic Treatments                                                              $3,914,284
• Sporting Facility Development                                                                                   $4,102,385
• Economic Development and Shopping Centre Special Rate Schemes          $1,215,228
• Community Service Projects and Arts and Culture                                               $599,864
• Parkland and Bushland Management                                                                     $545,288
• Greenhouse Action and Environmental Strategy Implementations                   $440,880
• Playground Equipment Replacement Program                                                     $301,084
• Employment Strategy Initiatives                                                                                 $254,919
• Council Buildings/Halls Improvements/Disabled Access                                   $168,500
• Drainage Improvements Program                                                                            $118,000
• Childcare Centres and Preschools                                                                          $51,000

 Breakdown of how every $100 of Rates that you pay is spent

• Property Maintenance and Municipal Valuations                   $2.16              
• Waste Management and Recycling                                         $4.29
• Planning and Building Controls                                                $0.55
• Leisure/Recreation and Youth Services                                  $7.53
• Governance/Risk/Audit and Executive                                      $2.14
• Families and Children’s Services                                            $6.21
• Aged/Disability Care and Public Health                                   $7.01
• Parks/Reserves and Street Trees                                             $4.54
• Library Services, Arts and Culture                                             $5.36                          
• Roads/Footpaths/Drains                                                             $3.33
• Parking, Traffic/Local Laws and Civic Administration            $2.47                          
• Environment/Conservation and Open Space Planning         $1.59
• New Works & Services                                                                $40.29
• Transfer to cash reserves                                                           $4.19
• Corporate and Customer Service                                              $3.87
• Depot, Plant, Fleet Maintenance and Acquisitions                 $4.47       
  

New Works & Services

• Greensborough Project: Regional Aquatic Centre, Civic Building and community spaces.
• Sport Facility Development
• Roads Footpaths and Traffic Treatments
• Economic Development and Shopping Centre Special Rates Schemes
• Parkland And Bushland Management
• Community Services Projects
• Arts & Culture
• Employment Strategy Initiatives
• Greenhouse Action and Environment Strategy Implementations.

Budget Documents