Strategic Objective 5 - Responsible Financial Sustainability
Financial Sustainability
Capital Spending
A base capital works program of $16.8M ($15.6M net of plant trade-ins)
A program of major capital works of $22.8M over the 4 years including:
- Construction of a new community centre for Clayton
- Resolution of future public carparking at the Oakleigh Activity Centre
- Construction of a new community centre at Mulgrave
- Progression of the redevelopment of the Oakleigh swimming pool site.
Council spent $30.9M on capital works during 2006/07 - $29.6M net of plant trade-ins - completing 88.4% of the budgeted program (excluding the special capital works program). The balance of funds for incomplete projects will be carried forward into 2007/08.
The chart below demonstrates Council's continued commitment to the maintenance and upgrade of existing infrastructure, as well as the development of new facilities identified to meet community needs.
Major Projects was the largest component of the capital works program in 2006/07 with the $24.2M Clayton Community Centre project well under way and due for completion late 2007. This facility includes a library, theatrette, preschool, maternal & child health and youth services as well as swimming facilities and the State Government Monashlink services.
The second largest proportion of expenditure in 2006/07 (18%) was on Roads & Footpaths, and along with the annual resheeting program, included the reconstruction of a number of local roads in Oakleigh including Eastgate, Andrew and Oxford streets.
The third largest component of capital expenditure was for buildings, with 16% for a range of building refurbishments and upgrades, including the Jack Edwards Reserve Grandstand, the Tally Ho Reserve Pavilion & Oakleigh Senior Citizens facility.
Published: 22 November 2007
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