Capital works projects deferred
EIGHTEEN capital works projects have had funding deferred following the City of Wanneroo’s budget mid-year review.
Capital works expenditure dropped by $14.1 million from the 2016-17 budget to a revised budget of $80.3 million.
Funds were relinquished for the projects to be considered in the 2017-18 capital works program.
These included realigning Gnangara Road, the southern suburbs library, stage 1 upgrade of Flynn Drive in Banksia Grove, Wanneroo Aquamotion building asset renewal program, design of Little Athletics building at Kingsway Regional Sporting Complex, Alexander Heights Day Club (reliant on grant funding), sports amenities building at Hudson Park in Girrawheen and Mirrabooka Avenue dual carriageway.
The reason for deferring the Little Athletics building was attributed to delaying the project to make a grant application.
The City’s revenue from fees and charges dropped by $3.2 million, including a $2.6 million loss in income previously collected from the City of Joondalup for its bulk rubbish collection service contract, which it stopped last year.
The review also recorded a $258,000 decrease in application licence fee income, $182,000 loss on entry fees at Wanneroo Aquamotion and $100,000 reduction in green fee income from Marangaroo and Carramar golf courses because of lower than expected patronage.
Income from rateable properties increased by $402,000, the forecast rise in other revenue grew by $133,000 and materials and contracts expenses were reduced by $2 million.
A City report said total changes submitted through the review equated to an “unfavourable amount of -$1.3 million”, resulting in a revised result from operations surplus of $519,000, down from $1.25 million.
“Whilst the City has recognised an adverse impact through the MYR (mid-year review), it is forecasting a minor surplus result from operations for the year and does have adequate cash available to effectively operate,” it said.