Coffs Harbour says it's fit for the future
COFFS Harbour City Council says it will meet five of the State Government's seven benchmarks for its Fit for the Future reforms by 2019-20.
The council's Fit for the Future improvement proposal will be considered by councillors tonight for submission to the Independent Pricing and Regulatory Tribunal by the June 30 deadline.
The reforms require councils to consider how they are working towards long-term financial sustainability against a series of benchmarks.
Councils that do not immediately meet all benchmarks must show how they plan to do so in a "reasonable" time frame.
Coffs Harbour's submission measures its current and planned operations against operating performance, own-source revenue, building and infrastructure asset renewal, infrastructure backlog, asset maintenance, debt service and real-operating expenditure ratios.
Council's starting position as at 2013-14, calculated without the recently approved special rates variation, met two of the benchmarks - own-source revenue and debt service.
It forecasts it will meet all seven benchmarks by 2019.
The council's report detailed how it would meet benchmarks through programs including the Transformation to Sustainability Program, which listed specific actions to be undertaken within the next three years.
The report also included how a three year standard rate variation - or rate rise - for the ordinary general rate will generate $6.2 million in additional revenue dedicated for infrastructure maintenance and renewal.
Other priorities listed by the council include the proposed North Coast Joint Organisation, which could present an opportunity to share services with neighbouring Clarence Valley, Bellingen and Nambucca Shire Councils.
IPART will assess submissions and release determinations by October 16.