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Long Term Plan 2018-2028
How much does it all cost?
Proposed rates increase in 2018/19
The proposed increase to total rates revenue is 6.5 per cent for 2018/19. The majority of the increase (4.7 per cent) covers increased costs to provide services, service loan repayments and the proposals included in this plan. Additionally, 0.2 per cent covers the cost of new levels of service (stormwater improvements), and 1.6 per cent is due to growth in our ratepayer base.
These figures do not reflect individual rates rises. The change in rates on individual properties may differ from the average increase, because they are dependent on valuation changes, the mix of rate charges and the combination of services provided.
How is the money spent? Unpacking the 6.5%
Inflation = 2 per cent
Interest = 2 per cent
Council has approximately $60 million of loans. Loans are used to fund the cost of capital projects so that the cost of the project can be spread over the life of the asset which may span several generations, and that is fair to expect those people who benefit from the service should pay for it.
These loan funded projects include: upgrades to the Feilding Waste Water Treatment Plant, Makino Aquatic Centre redevelopment, and Feilding CBD redevelopment.
Levels of service = 1.8 per cent
This component is made up of increases to a number of budgets, necessary to deliver on the projects and maintaining existing levels of services we have set out in the Consultation Document and our Long Term Plan. We’ve worked hard to keep this percentage increase low by reducing a number of project and operational budgets. Here are some of the budgets that have changed:
- Increases in costs to provide existing levels of service:
Parks, Reserves and Sports Grounds, Makino Aquatic Centre, Wastewater
- Increases in costs to provide new levels of service:
Stormwater improvements
- Savings:
Roading, Water Supply
Reserves Funds = 0.7 per cent
Council is proposing to improve its financial resilience by building up reserves. This will enable Council to pay debt, undertake repairs to infrastructure in the event of an emergency and/or respond to unanticipated community requests. The reserves will be collected via General Rates.
How will my rates be used?
| |
Feilding Resident
Based on a property with a
Capital Value of $330,000 |
Rural Resident
Based on a property with a
Capital Value of $769,000
without services |
Annual
rates |
$3,121 |
$2,103 |
Weekly
rates |
$60.01 |
$40.43 |
 |
Water
$6.88 per week |
|
 |
Wastewater
$14.71 per week |
|
 |
Stormwater
$2.06 per week |
Rural Drainage
$1.08 per week |
 |
Solid Waste
$3.87 per week |
$1.60 per week |
 |
Roading
$6.50 per week |
$12.58 per week |
 |
Environmental Services
$3.42 per week |
$3.42 per week |
 |
Governance & Strategy
$3.48 per week |
$3.48 per week |
 |
Cemeteries
$0.52 per week |
$0.52 per week |
 |
Civil Defence
$0.44 per week |
$0.44 per week |
 |
Animal Control
$0.42 per week |
$0.42 per week |
 |
Halls & Recreation Complexes
$0.90 per week |
$0.90 per week |
 |
Library
$2.62 per week |
$1.86 per week |
 |
Makino
$3.73 per week |
$2.66 per week |
 |
Parks & Reserves
$4.35 per week |
$3.13 per week |
 |
Public Conveniences
$0.65 per week |
$0.65 per week |
 |
General
$5.46 per week |
$7.69 per week |
How will my rates change?
This table provides examples of different rating categories as they may apply to properties of various capital values, and shows the annual change in rates as a dollar figure and percentage. Actual changes, as they apply to specific properties, may depend on The capital value of the property, services provided and location.
| Rating Category |
Capital Value |
2017/18
Total Rates
(GST Incl) |
2018/19
Total Rates
(GST Incl) |
$
Annual
Change |
%
Change |
| Feilding Residential |
$245,000 |
$2,885 |
$2,935 |
$50 |
1.7% |
| Feilding Residential |
$330,000 |
$3,091 |
$3,121 |
$30 |
1.0% |
| Feilding Residential |
$640,000 |
$3,841 |
$3,132 |
-$41 |
-1.1% |
Feilding Residential
(multi-unit)* |
$2,420,000 |
$32,733 |
$33,792 |
$1,059 |
3.2% |
| Feilding Rural with no water |
$450,000 |
$2,474 |
$3,026 |
$552 |
22.3% |
| Feilding Rural with services |
$610,000 |
$2,841 |
$3,509 |
$668 |
23.5% |
| Feilding CBD^ |
$3,800,000 |
$43,586 |
$35,385 |
-$8,201 |
-18.8% |
| Feilding CBD |
$510,000 |
$7,428 |
$6,385 |
-$1,043 |
-14.0% |
| Rural with no services |
$147,000 |
$1,067 |
$1,164 |
$97 |
9.1% |
| Rural with no services |
$660,000 |
$1,667 |
$1,892 |
$225 |
13.5% |
| Rural with services |
$195,000 |
$2,305 |
$2,462 |
$157 |
6.8% |
| Rural with wastewater |
$240,000 |
$2,097 |
$2,375 |
$278 |
13.3% |
Rural with farming
as one remission |
$1,184,000 |
$1,385 |
$1,681 |
$296 |
21.4% |
Rural with no services,
3 dwellings |
$6,250,000 |
$9,997 |
$11,740 |
$1,743 |
17.4% |
Rural with drainage scheme,
2 dwellings |
$5,250,000 |
$8,860 |
$10,498 |
$1,638 |
18.5% |
Rural with Waituna West water
(47 units), 2 dwellings |
$10,500,000 |
$29,256 |
$34,304 |
$5,048 |
17.3% |
| Industrial/Commercial |
$435,000 |
$3,530 |
$3,506 |
-$24 |
-0.7% |
| Industrial/Commercial |
$7,752,000 |
$28,909 |
$27,079 |
-$1,830 |
-6.3% |
* Does not include volumetric charges - wastewater and water
^ Does not include volumetric charges - water only |