Amended Resourcing Strategy

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Feedback closes 5pm, 21 July 2020

In accordance with statutory requirements, in preparing the Draft 2020/21 Operational Plan & Budget, the Long Term Financial Plan (LTFP) component of Council’s Resourcing Strategy 2018-2028 has been updated.

In June 2018 Council resolved to operate under Scenario 3 of the LTFP, therefore only adopted ‘preferred scenario’ (Scenario 3) has been updated, inclusive of the following key changes: 

  • the partially approved three-year Special Rate Variation (SRV) which commenced 1 July 2019 (approved by IPART on 13 May 2019); 
  • revised funding required for the NSOP complex redevelopment, including loan borrowings; and 
  • projected COVID-19 impacts, including a reduction to the 2020/21 Capital Works Program.

Two additional scenarios (referred to as 3B and 3C) have been modelled to ascertain the financial impact of the COVID-19 pandemic lasting for a shorter and a longer period than that assumed under Scenario 3 (now referred to as 3A). The key updates, reported via the Governance & Finance Committee in February 2020 and June 2020 respectively, have been incorporated in Attachment 1.

The purpose of the public exhibition is to inform the community of the updated LTFP modelling and invite submissions. It is not to seek community feedback on the financial scenarios, as Council is operating under Scenario 3 as previously resolved and within the SRV approval from IPART.

Submissions close 5pm, 21 July 2020. All submissions received by the deadline will be collated, analysed and reported to Council on 27 July 2020.

Prior to making a submission please ensure you have reviewed the Amended Resourcing Strategy, available in the document library.

Use the online submission form (below) or alternatively, send submissions to:

Email - yoursay@northsydney.nsw.gov.au
Mail - General Manager
North Sydney Council
PO Box 12
NORTH SYDNEY NSW 2059

Hard copies of the are available for viewing at:

  • Council’s Customer Service Centre, 200 Miller Street, North Sydney, from 9am to 5pm, Monday to Friday.
  • Stanton Library, 234 Miller Street, North Sydney, from 10am to 6pm Monday to Thursday, 10am to 2pm on Friday and Saturday (closed Sunday)*

*The Stanton Library is subject to additional health and safety measures visit the library's website (External link)(External link)for further information. Opening hours are as at 1 July 2020.

For further information contact Council’s Manager Integrated Planning & Special Projects on 9936 8100.

Feedback closes 5pm, 21 July 2020

In accordance with statutory requirements, in preparing the Draft 2020/21 Operational Plan & Budget, the Long Term Financial Plan (LTFP) component of Council’s Resourcing Strategy 2018-2028 has been updated.

In June 2018 Council resolved to operate under Scenario 3 of the LTFP, therefore only adopted ‘preferred scenario’ (Scenario 3) has been updated, inclusive of the following key changes: 

  • the partially approved three-year Special Rate Variation (SRV) which commenced 1 July 2019 (approved by IPART on 13 May 2019); 
  • revised funding required for the NSOP complex redevelopment, including loan borrowings; and 
  • projected COVID-19 impacts, including a reduction to the 2020/21 Capital Works Program.

Two additional scenarios (referred to as 3B and 3C) have been modelled to ascertain the financial impact of the COVID-19 pandemic lasting for a shorter and a longer period than that assumed under Scenario 3 (now referred to as 3A). The key updates, reported via the Governance & Finance Committee in February 2020 and June 2020 respectively, have been incorporated in Attachment 1.

The purpose of the public exhibition is to inform the community of the updated LTFP modelling and invite submissions. It is not to seek community feedback on the financial scenarios, as Council is operating under Scenario 3 as previously resolved and within the SRV approval from IPART.

Submissions close 5pm, 21 July 2020. All submissions received by the deadline will be collated, analysed and reported to Council on 27 July 2020.

Prior to making a submission please ensure you have reviewed the Amended Resourcing Strategy, available in the document library.

Use the online submission form (below) or alternatively, send submissions to:

Email - yoursay@northsydney.nsw.gov.au
Mail - General Manager
North Sydney Council
PO Box 12
NORTH SYDNEY NSW 2059

Hard copies of the are available for viewing at:

  • Council’s Customer Service Centre, 200 Miller Street, North Sydney, from 9am to 5pm, Monday to Friday.
  • Stanton Library, 234 Miller Street, North Sydney, from 10am to 6pm Monday to Thursday, 10am to 2pm on Friday and Saturday (closed Sunday)*

*The Stanton Library is subject to additional health and safety measures visit the library's website (External link)(External link)for further information. Opening hours are as at 1 July 2020.

For further information contact Council’s Manager Integrated Planning & Special Projects on 9936 8100.