Draft Resourcing Strategy 2022-2032

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Consultation has concluded

FEEDBACK CLOSED 11.59pm, 21 JUNE 2022

The Resourcing Strategy is the point in Council’s Integrated Planning and Reporting Framework where Council identifies its responsibilities in delivering the Community Strategic Plan. The Resourcing Strategy responds to what Council is responsible for and includes three components - long term financial planning, asset management planning and workforce management planning.

The draft Resourcing Strategy 2022-2032 details how Council proposes to fund its draft Delivery Program 2022-2026. The plan includes three financial scenarios:

a) Pessimistic Scenario - the Consumer Price Index (CPI) will increase by 4% in 2023/24 and 3% for the remaining life of the plan. IPART’s rate-peg will be 1% below the CPI from 2023/24. Employee costs will rise in line with CPI. Revenue streams will not return to pre-COVID levels. This Scenario results in a decline in operating results and deficits in the later years.

b) Optimistic Scenario - CPI will increase by 2.5% for the life of the plan. IPART’s rate-peg will be equivalent to CPI. Employee costs will rise in line with CPI. Revenue streams will return to pre-COVID levels. Advertising income will be maximised. This Scenario results in improvements in operating results for the life of the plan.

c) Planned Scenario - CPI will increase by 2.5% for the life of the plan. IPART’s rate-peg will be 2% in 2022/23 and 2.5% for the remaining life the plan. Employee costs will rise by the 2% Award increase in 2022/23 and in-line with inflation for the remaining life of the plan. This Scenario results modest surplus operating results for the life of the plan.

The ’Planned Scenario’ is the preferred scenario upon which the Financial Estimates within the draft Delivery Program 2022-2026 and draft Operational Plan & Budget 2022/23 have been prepared. Inclusive of the following assumptions:

SUBMISSIONS

Prior to making a submission please ensure you have read the draft Resourcing Strategy 2022-2032 available via the reports on Council's website.

Feedback closes 11.59pm, 21 June 2022

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

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

For further information contact Council’s Manager Financial Services, Christian Menday or Manager Corporate Planning & Engagement, Jenny Gleeson on 9936 8100.

All submissions received will be collated, analysed and reported to the Council meeting scheduled for 27 June 2022.

FEEDBACK CLOSED 11.59pm, 21 JUNE 2022

The Resourcing Strategy is the point in Council’s Integrated Planning and Reporting Framework where Council identifies its responsibilities in delivering the Community Strategic Plan. The Resourcing Strategy responds to what Council is responsible for and includes three components - long term financial planning, asset management planning and workforce management planning.

The draft Resourcing Strategy 2022-2032 details how Council proposes to fund its draft Delivery Program 2022-2026. The plan includes three financial scenarios:

a) Pessimistic Scenario - the Consumer Price Index (CPI) will increase by 4% in 2023/24 and 3% for the remaining life of the plan. IPART’s rate-peg will be 1% below the CPI from 2023/24. Employee costs will rise in line with CPI. Revenue streams will not return to pre-COVID levels. This Scenario results in a decline in operating results and deficits in the later years.

b) Optimistic Scenario - CPI will increase by 2.5% for the life of the plan. IPART’s rate-peg will be equivalent to CPI. Employee costs will rise in line with CPI. Revenue streams will return to pre-COVID levels. Advertising income will be maximised. This Scenario results in improvements in operating results for the life of the plan.

c) Planned Scenario - CPI will increase by 2.5% for the life of the plan. IPART’s rate-peg will be 2% in 2022/23 and 2.5% for the remaining life the plan. Employee costs will rise by the 2% Award increase in 2022/23 and in-line with inflation for the remaining life of the plan. This Scenario results modest surplus operating results for the life of the plan.

The ’Planned Scenario’ is the preferred scenario upon which the Financial Estimates within the draft Delivery Program 2022-2026 and draft Operational Plan & Budget 2022/23 have been prepared. Inclusive of the following assumptions:

SUBMISSIONS

Prior to making a submission please ensure you have read the draft Resourcing Strategy 2022-2032 available via the reports on Council's website.

Feedback closes 11.59pm, 21 June 2022

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

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

For further information contact Council’s Manager Financial Services, Christian Menday or Manager Corporate Planning & Engagement, Jenny Gleeson on 9936 8100.

All submissions received will be collated, analysed and reported to the Council meeting scheduled for 27 June 2022.