Decision details

THAT COUNCIL

1.       Approves the Draft 2026/27 Business Plan and Budget document set out in Attachment A to Item 5.2 on the Agenda for the meeting of the Special City Finance and Governance Committee held on 28 April 2026 for the purpose of public consultation commencing at 9.00am on Tuesday 5 May 2026 and concluding at midnight Tuesday 26 May 2026, subject to the following amendments made to Attachment A:

a.       An explanation of the proposed 2026/27 works to be undertaken as part of the Main Street upgrade program and the timelines for each project

b.       Include a 2026/27 allocation of $2,000,000 for “Greening Program Year 3 Implementation” in the Infrastructure Capital Projects Budget

c.       Increase the 2026/27 allocation of $805,000 for “School Safety Implementation Project” to $1,510,000 in the Infrastructure Capital Projects Budget, with a further allocation of $1,510,000 subject to a matching contribution to be sought from the State Government

d.       Include a 2026/27 allocation of $307,000 for “Small Business Program” in the Adelaide Economic Development Agency Strategic Projects Budget in accordance with its CEO briefing papers on March 23, 2026

2.       Notes the Draft 2026/27 Budget delivers an Operating Surplus of $4.976m and forecast borrowings of $82.295m at the end of 2026/27.

3.       Notes the Draft 2026/27 Budget delivers Capital expenditure of $98.546m, including $68.825m for the asset renewal program, and $29.721m on new and upgraded assets.

4.       Notes the Draft 2026/27 Business Plan & Budget for Council’s Subsidiary Adelaide Central Market Authority provided as Attachment B to Item 5.2 on the Agenda for the meeting of the Special City Finance and Governance Committee held on 28 April 2026, which will be available as a reference document for the public consultation period commencing at 9.00am on Tuesday 5 May 2026 and concluding at midnight Tuesday 26 May 2026.

5.       Notes the Draft 2026/27 Business Plan & Budget for Council’s Subsidiary Adelaide Economic Development Agency provided as Attachment C to Item 5.2 on the Agenda for the meeting of the City Finance and Governance Committee held on 28 April 2026, which will be available as a reference document for the public consultation period commencing at 9.00am on Tuesday 5 May 2026 and concluding at midnight on Tuesday 26 May 2026.

6.       Notes the Draft 2026/27 Business Plan & Budget for Council’s Subsidiary Kadaltilla / Park Lands Authority provided as Attachment D to Item 5.2 on the Agenda for the meeting of the Special City Finance and Governance Committee held on 28 April 2026, which will be available as a reference document for the public consultation period commencing at 9.00am on Tuesday 5 May 2026 and concluding at midnight on Tuesday 26 May 2026.

7.       Authorises the Chief Executive Officer to make any necessary changes to the Draft 2026/27 Business Plan & Budget document arising from this meeting, together with any editorial amendments and finalisation of the document’s formatting and graphic design.