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TO THE COMMUNITY

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The $8.3 billion project is the first phase of a new rapid transit network being built to grow the city as part of Sydney's Rail Future - the NSW Government's plan to modernize Sydney's trains. Sydney's rail future will see the rapid transit network extended under the harbour, into the CBD and beyond - the next major rail project for Sydney when the North West Rail Link is completed in 2019.

TABLE 1: 2013/14 $51.1M CAPITAL WORKS HIGHLIGHTS AND EXAMPLES OF PROJECTS
TABLE 1: 2013/14 $51.1M CAPITAL WORKS HIGHLIGHTS AND EXAMPLES OF PROJECTS

POPULATION OF 183,563 EXPECTED TO INCREASE TO

5 PUBLIC

LIBRARIES

POPULATION GROWTH CENTRE

PRIMARY 56

29% SPEAK

A LANGUAGE OTHER THAN

EFFICIENCY

COUNCIL

PREDICTED TO OPERATE AT A

SURPLUS

OVER THE NEXT

10 YEARS

CAPITAL WORKS

BILLION $7.5

MOTOR VEHICLES

NORTH WEST RAIL LINK

OF NEW

CYCLEWAYS

7 NEW

The theme of this year's report - rejuvenation, infrastructure and connectivity - shows all the ways we do this. We listen to our community and work closely with them for the well-being of residents and businesses.

The code sets out Board members' roles and responsibilities and outlines the steps to be followed when allegations of breaches of the code are made and investigated.

We consult with residents and businesses about what they think is the best solution. We have undertaken extensive research to inform our culture strategy, which we are keen to implement in the coming years.

A property investment made in the 1960s has helped secure the Council's financial future, with $40 million generated from the sale of the Gray Gum Estate, which has already realized a net cash profit of more than $25 million this financial year. With all 83 single lots sold and negotiations underway to sell the remaining medium density areas for a net return in excess of a further $25M, Council has generated cash that will help ensure Council's sound finances and positive economic outlook.

149 MILLION

Council's Future Funds Reserve is expected to fund Council's adopted delivery program actions once the interim assessments have been completed. The 26 hectares of land on Withers Road, Kellyville, which is classified as farm land, was subdivided into 83 single residential areas and eight medium density areas.

RESIDENTIAL AVERAGE RATES

RECURRENT EXPENDITURE

111 MILLION

CAPITAL EXPENDITURE

65 MILLION

MILLION

REDUCING

BACKLOG

ASSET RENEWAL

UNRESTRICTED

CAPITAL

EXPENDITURE

WE ARE CAUTIOUS

FINANCIAL FLEXIBILITY

ASSET MAINTENANCE

TIMES

The first European visitors to the Hills area were members of an expedition led by Governor Phillip of Parramatta in April 1791. In 1794 William Joyce, a pardoned convict, was granted the first plot of land in the Baulkham Hills.

JOHN DEAN

MICHAEL EDGARGeneral

STAFF SAFETY AND WELFARE Hills Shire Council provides a safe working environment for its staff and visitors. Compared to other similar municipalities, The Hills Shire has a very good ratio of staff to residents.

OUTCOMES

Customer satisfaction with Council's website stands at 83% with just over 2.2 million page views of the website and over 920,000 visitors. The MP of Hon Warren Truss, Deputy Prime Minister and Minister for Infrastructure and Regional Development, has acknowledged The Hills Shire Council's submission and views.

The Get Smart series now includes five separate workshop series tailored to the needs of different businesses, both new and existing in Sydney Hills. Leveraging our geographic position in the Sydney metropolitan region to secure national and international business investment.

  • COUNCIL’S ACHIEVEMENTS IN IMPLEMENTING THE DELIVERY PROGRAM AND THE
  • COUNCIL’S ACHIEVEMENTS IN IMPLEMENTING THE COMMUNITY STRATEGIC PLAN OVER THE
  • HUMAN RESOURCES ACTIVITIES S428(2)(M) (see page 28)
  • COPY OF COUNCIL’S AUDITED FINANCIAL REPORTS AND NOTES AND INFORMATION
  • REMUNERATION PACKAGES FOR SENIOR STAFF – REGULATION CL217(1)
  • DETAILS OF OVERSEAS VISITS BY COUNCILLORS, COUNCIL STAFF OR OTHER
  • PROVISION OF EQUIPMENT AND FACILITIES FOR COUNCILLORS - cl 217(1)(a1)
  • STORMWATER LEVIES AND CHARGES Stormwater Drainage System
  • COMPANION ANIMALS ACT AND REGULATION – GUIDELINES ON THE EXERCISE OF FUNCTIONS
  • CONTRACTS AWARDED BY COUNCIL (CL217(1)(A2)
  • SUMMARY OF RESOLUTIONS MADE UNDER SECTION 67 CONCERNING WORK CARRIED OUT ON PRIVATE LAND INCLUDES: S428(2)(K)
  • EXTERNAL BODIES, COMPANIES AND PARTNERSHIPS CL217(1)(A6) AND (A7) EXTERNAL BODIES EXERCISING COUNCIL FUNCTIONS
  • A REPORT AS TO THE STATE OF THE ENVIRONMENT IN THE AREA IN RELATION TO SUCH ENVIRONMENTAL ISSUES AS MAY BE RELEVANT TO THE OBJECTIVES ESTABLISHED BY THE

NATURE OF SERVICE Account Name Total Paid Including VAT Road Construction Contract Sami Road Services Pty Ltd. Cleaning Services Agreement G&EM Cleaning Services Pty Ltd Temporary Child Care Crew Agreement Pulse Child Care Crew part.

GENERAL PURPOSE

FINANCIAL STATEMENTS THE HILLS SHIRE COUNCIL

THE HILLS SHIRE COUNCIL FINANCIAL STATEMENTS

Notes to the Financial Statements

Understanding Council’s Financial Statements

The Income Statement

The Statement of Comprehensive Income Primarily records changes in the fair values of

The Statement of Changes in Equity The overall change for the year (in dollars) of

General Purpose Financial Statements

Statement by Councillors and Management

Income Statement

Amounts that will not subsequently be transferred to operating income Gain (loss) on remeasurement of I,PP&E. Amounts that will later be transferred to operating income when certain conditions are met.

Statement of Comprehensive Income

Statement of Financial Position

Statement of Changes in Equity

Statement of Cash Flows

Expenses from continuing operations Gains or losses from the sale of assets Cash and cash equivalent assets. Externally Restricted Infrastructure, Property, Plant and Equipment Infrastructure, Property, Plant and Equipment - Current Year Impairments Payable, Loans and Provisions.

Contents of the Notes accompanying the Financial Statements

Summary of Signifi cant Accounting Policies

The Council is a member of the following County Councils (which are corporate bodies in terms of the Local Government Act);. Realized and unrealized gains and losses arising from changes in the fair value of the financial assets classified as "fair value through profit or loss".

Income from Continuing Operations

Other user fees and charges. i) Fees and charges - Statutory and regulatory functions (per s.608) General administration. Interest on overdue interest & annual fees (incl. special rates) - Interest earned on investments (interest and coupon income).

TOTAL OTHER REVENUE

Income from Continuing Operations (continued)

Financial Assistance - General Component Financial Assistance - Local Roads Component Pensioners' Rates Subsidies - General Component Total General Purpose. 1The Financial Assistance Allowance for 13/14 reflects a one-off reduction due to the fact that this allowance is no longer paid in advance by up to 50% as was the case in previous years - this does not represent a loss of income, but rather is ' a time difference.

TOTAL EMPLOYEE COSTS EXPENSED

Auditor Remuneration

Operating Lease Payments are attributable to

Expenses from Continuing Operations

IMPAIRMENT COSTS EXPENSED

TOTAL OTHER EXPENSES

Expenses from Continuing Operations (continued)

NET GAIN/(LOSS) ON DISPOSAL OF ASSETS

Gains or Losses from the Disposal of Assets

TOTAL CASH ASSETS, CASH EQUIVALENTS & INVESTMENTS

D Development contributions which have not yet been spent on the provision of services and amenities in accordance with contribution plans (refer to Note 17). F Grants that have not yet been spent for the purposes for which the grants were received. refer to it.

Investments - Details

TOTAL NET RECEIVABLES

Receivables

TOTAL INVENTORIES / OTHER ASSETS

  • Inventories & Other Assets
  • Statement of Cash Flows - Additional Information
  • Statement of Cash Flows - Additional Information (continued)
  • Commitments for Expenditure

Refer to Note 27 - Fair Value Measurement for information about the fair value of Infrastructure, Property, Plant and Other Equipment. There are no restricted assets (external or internal) applicable to the above liabilities. ii) Current liabilities not expected to be settled within the next 12 months The following liabilities, although classified as current, are not expected to be settled within the next 12 months.

Local Government Industry Indicators - Consolidated

Operating Performance Ratio Total continuing operating revenue (1)

Own Source Operating Revenue Ratio Total continuing operating revenue (1)

Unrestricted Current Ratio

Debt Service Cover Ratio

Rates, Annual Charges, Interest &

Cash Expense Cover Ratio Current Year's Cash and Cash Equivalents

Note 13a(i). Statement of Performance Measurement - Indicators (Consolidated)

Note 13a(ii). Local Government Industry Indicators - Graphs (Consolidated)

  • Investment Properties
  • Financial Risk Management
  • Financial Risk Management (Continued)
  • Material Budget Variations
  • Material Budget Variations (Continued)

Due to higher than expected section 94 income and more money available for investment resulting in additional income, a fair value adjustment for real estate, additional conveyance allowance for NSW is mandatory. Due to higher Section 94 income than expected and more money available to invest, resulting in additional income (402.4%).

Notes to the Financial Statements for the fi nancial year ended 30 June 2014 Note 17. Statement of Developer Contributions (Continued)

Contingencies & Other Assets/ Liabilities Not Recognised

  • Other Liabilities (continued) (i) Infringement Notices/Fines

Accordingly, at the end of the year there is a potential asset due to the Council representing the issued but unpaid Statutory period has expired (3 years) with the only breach notices. the exception is possible minors. injured during the 4-year period can file a claim until. Due to the limited information available on age 21 status, although the likelihood of any claims being the value and duration of outstanding Notices, the Council is believed to be minimal. cannot determine the value of outstanding income. vi) Potential land acquisitions for planning purposes (ii) Restrictions on the sale of assets imposed by the Council. At the reporting date, it was not possible to reliably estimate the value of any potential liabilities (and subsequent land) from such potential acquisitions.

Contingencies & Other Assets/ Liabilities Not Recognised (Continued)

Revaluations for the year - Balance at the end of the year TOTAL VALUE OF RESERVES (iii) Nature and purpose of reserves. Infrastructure, Property, Plant and Equipment Revaluation Reserve - The Infrastructure, Property, Facilities and Equipment Revaluation Reserve is used to record increases/decreases in the values ​​of non-current assets due to their revaluation.

Controlled Entities, Associated Entities &

Interests in Joint Ventures

  • Equity - Retained Earnings and Revaluation Reserves
  • Equity - Retained Earnings and Revaluation Reserves (Continued)
  • Fair Value Measurement
  • Fair Value Measurement (Continued)
  • Council Information & Contact Details

The Council engages external, independent and qualified valuers to determine the fair value of Council buildings. The Council engages external, independent and qualified valuers to determine the fair value of the Council's community land.

Notes to the Financial Statements for the fi nancial year ended 30 June 2014 Note 23. Statement of Developer Contributions with Internal Borrowings

000 The following tables detail the receipt, interest and use of the above contributions and taxes and the value of all remaining funds which are "restricted" to their future use. SUMMARY OF CONTRIBUTIONS AND MEETINGS Drainage Roads Traffic Facilities Parking Open Space Community Facilities/Infrastructure Planning Agreement Other.

Notes to the Financial Statements for the fi nancial year ended 30 June 2014 Note 23. Statement of Developer Contributions with Internal Borrowings (Continued)

An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by Board members, as well as evaluating the overall presentation of the financial statements. This report should be read in conjunction with our audit opinion on the general purpose financial statements provided under Section 417(2) of the Local Government Act 1993.

SPECIAL PURPOSE

The principle of competitive neutrality is based on the concept of a "level playing field" between persons/entities competing in a market, especially between private and public sector competitors. For the Council, the principle of competitive neutrality and public reporting only applies to declared business activities.

These special purpose financial statements have been prepared for use by both the council and the department of local government to meet their requirements under state competition policy. Essentially, the principle is that public companies, whether Commonwealth, state or local, should operate without net competitive advantages over other companies as a result of their state ownership.

Special Purpose Financial Statements

Fairly present the operating results and financial position for each of the business activities reported by the Council for the year, and. Surplus (deficit) from continuing operations before capital amounts Grants and contributions provided for capital purposes.

Income Statement of Council’s Other Business Activities

NET ASSETS

TOTAL EQUITY

Statement of Financial Position - Council’s Other Business Activities

Contents of the Notes accompanying the Financial Statements

Notes to the Special Purpose Financial Statements

Signifi cant Accounting Policies

Our responsibility is to express an opinion on the financial report based on our audit. Without changing our opinion, we draw attention to note 1 to the accounting report, which describes the basis for accounting.

SPECIAL

SCHEDULES

THE HILLS SHIRE COUNCIL

These special schedules are designed to meet the requirements of special purpose users such as;.

Special Schedules

Special Schedule No. 1 - Net Cost of Services

Parks and gardens (lakes) Other sports and recreation Total Recreation and culture Fuel and energy. Local sealed rural roads (SRR) - Regional unsealed rural roads (URR) - Local unsealed rural roads (URR) - Regional bridges on UR - Local.

The estimated cost of bringing an asset to a satisfactory level is the amount of money required to spend on an asset to ensure that it is at a satisfactory level. Actual maintenance may be higher or lower than the required annual maintenance due to the timing of when the maintenance actually takes place.

Special Schedule No. 7 - Report on Infrastructure Assets (continued) as at 30 June 2014

These estimated costs should not include planned improvements (i.e. to increase, intensify or improve the facilities). 1) Asset renewals represent the replacement and/or refurbishment of existing assets to an equivalent capacity/performance as opposed to the purchase of new assets (or refurbishment of old assets) which increase capacity/performance.

Special Schedule No. 7 - Report on Infrastructure Assets (continued)

This ratio shows that the Council's assets are greater than the rate it renews. 000 (i) OPERATING BUDGET Income from continuing operations Expenditure from continuing operations Operating result from continuing operations (ii) CAPITAL BUDGET New Capital Works (2) Replacement/Renovation of Existing Assets Total Capital Budget Financed by: – Loans – Asset sales – Reserves – Grants/contributions – Recurring income – Other Notes: (1) From 13/14 Income Statement.

Special Schedule No. 8 - Financial Projections as at 30 June 2014

1 Nominal general income will not be reconciled with the interest rate of income in the financial statements in the relevant year. 3 The special variation percentage includes the fixed rate percentage and, where applicable, the crown land adjustment.

Special Schedule No. 9 - Permissible Income Calculation

Figure

TABLE 1: 2013/14 $51.1M CAPITAL WORKS HIGHLIGHTS AND EXAMPLES OF PROJECTS

References

Related documents

ORDINARY MEETING OF COUNCIL 28 SEPTEMBER, 2021 LOCAL PLANNING PANEL MEETING 18 AUGUST, 2021 THE HILLS SHIRE PAGE 399 Figure 3 Proposed development concept, 21-23 Lexington