Corporate strategy and performance director John Paton said the 2013-14 budget was the culmination of significant work across the organisation.
Mr Paton said growth in the City over the past 12 months had been a little lower than predicted, but it still had 6200 new residents, reflecting a 3.7 per cent population growth, while about 3000 new lots were created.
‘2150 new houses have been completed in the financial year as well,’ he said.
Mr Paton told a council briefing session the City had earned less interest because of low prevailing interest rates.
‘We believe that the budget is a prudent budget,’ he said. ‘It is setting ourselves up to meet the needs of our growing community.’
Mr Paton said administration proposed to start a new reserve for asset renewal projects, while deleting others and transferring funds into similar reserves.
‘One of those strategies will be setting aside money to meet long-term demand,’ he said.
The draft budget includes an anticipated operating income of almost $150 million and expenditure of $151.4 million, both increasing by about 8 per cent on the 2012-13 budget.
It allocates almost $42.2 million for capital works, plus $30.2 million carried forward from the current financial year.
Major projects include starting the expansion of the civic centre in Wanneroo ($1.635 million allocated), work on the Wangara industrial area ($1.6 million), Brazier Road realignment in Yanchep ($2.3 million), Lenore Road upgrade in Wanneroo ($1.5 million) and Yanchep’s playing fields ($2.9 million).
Wanneroo will consider the budget strategies at a meeting tonight.
– Joondalup Council will also consider its budget tonight, flagging a rate rise of 5.2 per cent.