SRV 2019/20 Application

At its meeting of 29 October 2018, Council resolved its ‘intent’ to apply for combined special rate variation (SRV) and minimum rate increase under its preferred financial option of the North Sydney Council Resourcing Strategy 2018/19-2027/28, for a 7% increase per annum, for 5 years, inclusive of the annual rate peg.

Community engagement was undertaken in a program run between 1 November 2018 and 16 January 2019.

The community engagement outcomes were reported to Council at its meeting of 29 January 2019. Council resolved to proceed to submit a combined application to IPART.

Council submitted its 2019/20 application for a combined SRV and minimum rate increase to IPART on 11 February 2019.

On 13 May 2019, IPART approved a 7% increase per annum, for 3 years, inclusive of the annual rate peg, and noted that Council could make a further application to amend the approval or submit a new application at the end of the three-year period.

From 2019/20 to 2021/22, Council can permanently increase its general income by 7% per annum. The SRV increases are inclusive of the annual rate peg and may be retained in Council’s general income base permanently. Council can also increase the ordinary minimum rate by 7% per annum for the same period.

For the full determination refer to the IPART website.

PART A - SRV application

PART A - Minimum Rate Increase application

PART B - Combined SRV and Minimum Rate Increase application

Summary of Attachments

ATTACHMENT 01 (234KB) - Council report GMO01, 29 October 2018 (attachment 1 only)

ATTACHMENT 2A - TCorp Financial Assessment, Sustainability and Benchmarking Report (March 2013) [this is a confidential document, not available to the public]

ATTACHMENT 2B (3MB) - TCorp Financial Sustainability of the New South Wales Local Government Sector (April 2013)

ATTACHMENT 03 (274KB) - 2017/18 Auditors Report, 30 October 2018

ATTACHMENT 04 (224KB) - Community Engagement Strategy (adopted 29 October 2018)

ATTACHMENT 05 (4MB) - Council report GMO01, 29 January 2019 (attachments 1 and 2 ie. Community Engagement Outcomes Summary and Council resolution to proceed with application)

ATTACHMENT 06 (660KB) - Media Release, 1 November 2018

ATTACHMENT 07 (746KB) - Direct Letter to Ratepayers, 1 November 2018

ATTACHMENT 08 (2MB) - Information Sheet, 1 November 2018

ATTACHMENT 09 (3MB) - Fact Sheets (x3)

ATTACHMENT 10 (177KB) - Hardship Policy

ATTACHMENT 11 (140KB) - Productivity Improvements Completed (as per 2012/13 SRV application)

ATTACHMENT 12 (234KB) - Productivity Improvements Summary 2012/13 to future

ATTACHMENT 13 (8MB) - Community Strategic Plan

ATTACHMENT 14 (10MB) - Delivery Program

ATTACHMENT 15 (92KB) - Certification

ATTACHMENT 16 (10MB) - Resourcing Strategy (including LTFP)