Dear Councillor,
In pursuance of
the provisions of the Local Government Act, 1993 and the Regulations
thereunder, notice is hereby given that a POLICY REVIEW COMMITTEE MEETING of
Penrith City Council is to be held remotely using audio visual links on Monday
11 October 2021 at 7:00PM.
Attention is
directed to the statement accompanying this notice of the business proposed to
be transacted at the meeting.
Yours faithfully
Warwick Winn
General Manager
BUSINESS
1. LEAVE
OF ABSENCE
2. APOLOGIES
3. CONFIRMATION
OF MINUTES
Policy Review Committee
Meeting - 9 August 2021.
4. DECLARATIONS
OF INTEREST
Pecuniary Interest (The
Act requires Councillors who declare a pecuniary interest in an item to leave
the meeting during discussion of that item)
Non-Pecuniary Conflict of
Interest – Significant and Less than Significant (The Code of
Conduct requires Councillors who declare a significant non-pecuniary conflict
of interest in an item to leave the meeting during discussion of that item)
5. ADDRESSING
THE MEETING
6. MAYORAL
MINUTES
7. NOTICES
OF MOTION TO RESCIND A RESOLUTION
8. NOTICES
OF MOTION
9. DELIVERY
PROGRAM REPORTS
10. REQUESTS
FOR REPORTS AND MEMORANDUMS
11. URGENT
BUSINESS
12. CONFIDENTIAL
BUSINESS
OF THE
POLICY REVIEW COMMITTEE MEETING OF PENRITH CITY COUNCIL HELD REMOTELY USING
AUDIO VISUAL LINKS AND AUDIO STREAMED ON THE COUNCIL WEBSITE ON MONDAY 9 AUGUST
2021 AT 7:02PM
WEBCASTING STATEMENT
Her Worship the Mayor, Councillor Karen McKeown OAM read
a statement advising that Council Meetings are recorded and webcast.
PRESENT
Her Worship the Mayor, Councillor Karen McKeown OAM, Deputy
Mayor, Councillor Tricia Hitchen, and Councillors Jim Aitken OAM, Bernard
Bratusa, Todd Carney, Brian Cartwright, Robin Cook, Kevin Crameri OAM, Mark
Davies, Ross Fowler OAM, Kath Presdee and John Thain.
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APOLOGIES
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PRC12 RESOLVED on the MOTION of Councillor Kevin
Crameri OAM seconded Councillor Brian Cartwright that apologies from
Councillors Marcus Cornish, Greg Davies and Aaron Duke be accepted.
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CONFIRMATION OF MINUTES -
Policy Review Committee Meeting - 7 June 2021
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PRC13 RESOLVED on the MOTION of Councillor Robin
Cook seconded Councillor Ross Fowler OAM that the minutes of the Policy
Review Committee Meeting of 7 June 2021 be confirmed.
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DELIVERY PROGRAM REPORTS
Outcome 7 - We
have confidence in our Council
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1 Annual
Review of Council's Investment Policy
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PRC14 RESOLVED on the
MOTION of Councillor Ross Fowler OAM seconded Councillor Kath Presdee
That:
1. The
information contained in the report on Annual Review of Council's Investment
Policy be received.
2. Council
adopts the proposed changes to the Annual Review of Council's Investment
Policy tabled in this report.
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There being no further business the Chairperson declared the
meeting closed the time being 7:12pm.
Policy Review
Committee Meeting 11
October 2021
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1
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Penrith CBD Corporation
Annual Report and Audited Financial Statement 2020 - 2021
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Compiled by: Rebekah
Elliott, Place and Activation Coordinator
Authorised
by: Jeni
Pollard, Manager - City Resilience
Kylie
Powell, Director - City Futures
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Outcome
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We have safe, vibrant places
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Strategy
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Help make our major centres and important community
places safe and attractive
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Service Activity
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Support the revitalisation of Penrith City Centre
and St Marys Town Centre
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Presenters: Gai
Hawthorn, Manager, Penrith CBD Corporation
Darren Latty, Chair, Penrith CBD Corporation
Executive Summary
This report provides an overview and commentary on the
documentation submitted.by the Penrith CBD Corporation as per the Service Level
Agreement endorsed by Council in June 2020. Attached to this report is the Annual
Report and Audited Financial Statement for 2020-2021 and the agreed Key
Performance Indicators (KPIs) for 2020-2023.
Reflecting on the past 12 months it is acknowledged the
impact of the COVID-19 pandemic has been significant for our local community
and economy. The Penrith CBD Corporation has played an important role at a
local level, working with Council in supporting effective responses to
community concerns as well as working towards economic recovery in
the Penrith City Centre. Several of the initiatives delivered in 2020-2021 were
reimagined to meet immediate needs of local businesses. This included
troubleshooting COVID safe plans for businesses, delivering a workshop program
and implementing a support and buy local campaign.
This report recommends that Council receive the information
on the Annual Report and Audited Financial Statement for 2020-2021.
Background
Penrith City Council works with the St Marys Town Centre
Corporation and the Penrith CBD Corporation to jointly manage the centres to
support their ongoing vitality and viability. Council collects rates from
non-residential properties in the city centre and returns these to the
Corporations. In 2020-2021, $454,376.00 (exc GST) was paid to the Penrith CBD
Corporation to undertake the proposed activities as outlined in their KPIs 2020-2021.
On the 22 June 2020 at the Ordinary Council Meeting, through
the Triennial Impact Review, Council endorsed a Key Performance Indicator
Framework for both Centre Corporations. The KPIs that were developed in
consultation with the Penrith CBD Corporation have supported them in continuing
to build their profile with local businesses and explore opportunities to
promote the Penrith City Centre to local residents, visitors and potential new
business operators and property investors.
The KPIs involve four objectives to support their management
and improve reportable outcomes. The Penrith CBD Corporation’s four
objectives are:
1. Governance
2. Marketing
3. Strategy
4. Facilitation
As per the new Service Level Agreement endorsed by Council
at the Ordinary Meeting held 22 June 2020, the Business Plan for 2021-2022 was
endorsed by Council at the 19 April 2021 Policy Review Committee. This process
enabled Council to review and provide feedback on the proposed activities of
each Corporation ahead on the financial year they intended to be delivered.
Over the past 12 months, the Corporation has faced a
difficult operating environment in supporting small business across the retail
and service industry to navigate the continually changing restrictions and
Public Health Order. They have assisted new businesses coming into the city
centre and supported existing businesses to leverage off the change and
opportunity. Both Corporations have been challenged to deliver programs within
the changing Health Restrictions and many planned activities have had to be
postponed or cancelled.
The impacts of the latest lockdown have seen a handful of
local businesses struggle to meet overheads which has resulted in closures. It
has also seen several businesses thrive with the growing community sentiment to
support local. Both Corporations have actively worked with Council over the
past 4 months and have participated with the Chamber of Commerce in the key Business
Partners meetings to support responses COVID 19 restrictions and recovery
initiatives.
As restrictions ease over the next few weeks, Council will
be working closely with the Corporations to deliver initiatives that safely
encourage foot traffic into the city centre again.
Annual Report and Audited
Financial Statement 2020-2021
The Corporation has prepared an annual report on their
activities during the 2020-2021 financial year. In 2020-2021, $454,376.00 was
paid to the Penrith CBD Corporation.
The annual report provides an overview of the initiatives
and events held during the year such as the bi-monthly newsletters, networking
events, COVID-19 responses through to more day-to-day activities supporting
businesses with marketing and operations.
Notable, the Corporation was involved in a number of local
COVID-19 responses including the Economic Recovery Taskforce and delivering the
Thumbs Up Penrith Campaign. The Corporation were also successful in receiving
Federal Government funding for under awning lighting improvements.
The presentation from the CBD Corporation that accompanies
this report will go into further detail on the annual report for 2020-2021. The
Annual Report and Audited Financial Statement 2020-2021 are attached to this report
for Council’s consideration (Attachment 1 and 2).
Key Performance Indicators
2020-2023
As part of the Triennial Impact Review of the City Centre
Corporations undertaken in 2020, a series of KPIs were developed in
consultation with the Corporation. The KPIs were developed to help quantify the
outputs and outcomes of the Corporations activities and sought stronger
alignment to Council’s strategic vision for the Penrith City Centre. The
past financial year has provided the opportunity to collect baseline data
through the KPI framework. The Corporation has delivered on 90% of the agreed
KPIs for 2020-2021, with COVID-19 having an obvious impact on the event program
and networking program.
The KPIs provide an opportunity for the Board to identify
priority and ongoing projects for the year ahead. This year the Penrith CBD
Corporation have committed to an ongoing COVID-19 recovery program during the
next 12 months that focuses on positive opportunities for businesses and the
community in the Penrith City Centre.
The Corporation want to continue actively working with
businesses that may be considering Penrith City Centre as a desirable location,
whilst still supporting those that have already chosen to invest in property or
businesses in the centre through an active workshop and training program.
The overview of the KPIs is attached to this report for
Council’s reference (Attachment 3).
Financial Services
Manager’s Comment
The Penrith CBD Corporation appears to be trading in a sound
financial manner. The Corporation recorded a revenue increase of $84,176 (14%)
to a total revenue of $690,824 in 2020-21 ($606,648 in 2019-20) and a net
profit of $65,590 in 2020-21 ($45,838 in 2019-20).
Total expenditure has increased by $64,424 (11%) in 2020-21
to total expenditure of $625,234 compared to $560,810 for 2019-20.
The Corporation has a positive level of cash and cash
equivalent reserves totalling $196,806 in 2020-21 ($129,545 in 2019-20) and
increased its Equity position to $159,813 in 2020-21 from $94,223 in 2019-20.
The increase was due to Federal Government Funding for lighting upgrades,
JobKeeper, a decrease in overheads including rent reduction and an underspend
on events in 2022-21.
Conclusion
The Penrith CBD Corporation has submitted its Annual Report
and Audited Financial Statements with highlights from 2020-2021.
This report provides and overview and commentary on the
documents as presented from the Penrith CBD Corporation. The deliverables
are considered to support the interests of all stakeholders, businesses,
property owners and residents in the Penrith City Centre.
RECOMMENDATION
That the information contained in the report on Penrith CBD
Corporation Annual Report and Audited Financial Statement 2020 - 2021 be
received.
ATTACHMENTS/APPENDICES
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1. ⇩
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Attachment 1 - Annual Report 2020-2021
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31 Pages
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Attachments Included
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2. ⇩
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Attachment 2 - Audit 2020-2021
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19 Pages
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Attachments Included
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3. ⇩
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Attachment 3 - KPIs
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2 Pages
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Attachments Included
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