Appendix a - financial projections Roads and carparks The projected capital and recurrent expenditure associated with Council roads and carparks over the next 10 years is shown here.
Financial Projections
Planned Expenditure 2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
Recurrent
2,938
2,997
3,056
3,118
3,186
3,256
3,328
3,401
3,476
3,552
32,308
Renewal
2,591
1,955
2,155
2,155
2,355
2,355
2,555
2,555
2,755
2,755
24,186
Acquisition
6,440
3,200
3,250
3,350
2,750
2,900
3,000
3,100
3,200
3,200
34,390
Total
11,969
8,152
8,461
8,623
8,291
8,511
8,883
9,056
9,431
9,507
90,885
Goals for Investment
What do the projections tell us?
To provide residents, visitors, road users and others with a safe and fit for purpose road network.
Projections indicate that there is an annual average shortfall of $5.7 million when comparing how much Council is forecast to spend as outlined in the Long Term Financial Plan 2021/22-2031/32 and Council’s assessment of lifecycle costs over the next 10 years.
Current and Upcoming Projects and Initiatives > Meredith-Shelford Road Stages 3 to 5 (road widening) > Kopkes Road, Haddon (road widening) > Haddon School Road – Racecourse Road (intersection improvement)
Council has incrementally increased its expenditure on roads however it needs to do more to make sure it is investing sufficient funds to maintain current service levels over the long term.
> Happy Valley Crossing Road – Linton-Naringhil Road (intersection improvement). Asset Plan 2022-2032 | Golden Plains Shire Council
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