Commissioners have adopted the City of Perth Corporate Business Plan (CBP) 2020/21 – 2023/24, which sets out how the City will grow Perth as an iconic, global city that is positioned for future prosperity.
Chair Commissioner, Andrew Hammond, said the document is guided by the City’s Strategic Community Plan and Long Term Financial Plan. It details clear actions, initiatives and projects that will benefit not only the City’s ratepayers, but all Western Australians.
“The Corporate Business Plan is the most important and valuable resource when planning for Perth’s economic prosperity and social and environmental wellbeing. It details the City’s intended achievements and priorities, how it will commit resources and how success in meeting the needs of the community will be measured,” Commissioner Hammond said.
“Among the many projects listed within the Corporate Business Plan are initiatives to revitalise the East End, redesign Roe Street, reinvigorate the Citistation Concourse, redevelopment of the WACA and retail core, upgrade the foreshore, increase security, safety and surveillance programs, support and advocate on behalf of people experiencing homelessness, support business and offer world-class experiences.”
The below table details the ten-year investment in planned major capital projects. A full year by year breakdown is provided in Notes to Editor.
The adoption signals an important milestone in the City’s steps towards corporate recovery; with the establishment of a fully Integrated Strategic Planning and Reporting Framework (ISPRF) now complete.
“Historically, the City hasn’t operated within a strategic framework. When Commissioners were appointed, this was a top priority for us to resolve. For more than a year, City staff have deconstructed the City’s financial management systems to establish a new and reliable strategic financial framework,” Commissioner Hammond said.
“Through this process, the organisation has removed its reliance on parking revenue, diversified income streams, lowered spend on discretionary operating projects and is now practicing a more responsible use of cash flow, reserves and debt. In addition, the City has reduced staff headcount by 100; returning an expected saving of $100 million over the life of the plan.
With improved systems and the Integrated Strategic Planning and Reporting Framework now in place, the City can provide significantly improved results for the community.
“During the course of ten years, the City will invest $630million in planned capital projects alone. In the previous ten years, the City made an investment of approximately $400million - with the Library being one of the few projects undertaken. The City can now almost double this investment without relying on significant raises in revenue. This clearly demonstrates how improved budget management has enabled the City to provide much better and longer-term business and the community benefits,” Commissioner Hammond said.
“The adopted Corporate Business Plan is testament to the skill, hard work and dedication of all City staff involved. The way in which the City plans and spends ratepayer funds has been completely transformed and this was no small feat.
“Commissioners are confident that we can now hand a solid foundation over to the future Council to make more informed, strategic financial decisions. The framework will allow the future Council to plan, allocate resources and generate revenues over a ten-year planning horizon. Importantly, the Council will have the information at hand to analyse long term financial implications of important issues such as modifying parking fee regimes. This is something they didn’t have before.”