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2023-2024 Delivering Newcastle 2040- Summary

Page 1

Summary version

Welcome to the summary version of Delivering Newcastle 2040 Delivery Program 2022-2026 Operational Plan 2023-2024

The full version is divided into five sections and can be viewed here.

Funding summary Grants & contributions - operating Other operating revenues 2%

Net losses from disposal of assets

Other operating expenses

2%

2%

14%

Interest & 2% investments

35%

Employee costs

31%

User charges &fees

Welcome

6%

Other income

$383.8 million income 2023/24

Depreciation & amortisation

57% Rates & charges

18%

$376.9 million expenditure 2023/24

Our Plan

1%

Delivering 2040

Borrowing costs

Supporting 2040

30% Materials & contracts

Appendix Delivering Newcastle 2040 is CN’s action plan for achieving the community's priorities outlined in Newcastle 2040. It is reviewed and adopted by Council each year and identifies the projects, programs and actions that CN will deliver over a 12-month period commencing from 1 July. Visit our Delivering Newcastle 2040 to read the full version.

Overview for 2023-2024:

CN provides progress reports to the community on our performance against Delivering Newcastle 2040, performance reports are key points of accountability between CN and our community. Visit our performance reporting page to view the latest report.

We manage $2.2 billion worth of infrastructure assets We will spend

Expenditure by Newcastle 2040 theme Expenditure by N2040 themes

$376.9 million on community services | $137.3 million on infrastructure projects

Works program summary $41.2 million City-shaping projects

for projects including the Newcastle Art Gallery expansion, the remediation of the former Astra Street landfill site at Sandgate and the Organics and Materials Recovery Facility at the Summerhill Waste Management Centre

$6.4 million

$26.5 million

for improved information technology and corporate systems

for roads, bridges, footpaths, public toilets, retaining walls and community buildings

$5 million

$5 million

for cycleways and transport

to improve our stormwater pipes and other assets

$9.2 million

$4.4 million

for our coastline, and our city and urban centre revitalisation

for Waste management

$13.5 million

$22.3 million

towards caring for our environment and an upgrade at Blackbutt Reserve

for libraries, the Art Gallery, parks, our swimming pools, civic venues, economic development, recreation and sport

17%

We forecast a $6.9 million net operating surplus

We will deliver 267 projects | 213 actions

19%

$376.9m 26%

38%

3% Liveable Newcastle | 38% Sustainable Newcastle | 26% Creative Newcastle | 19% Achieving Together | 17%%

$3.8 million to replace ageing Fleet


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