The portion of a planned (or completed) capital project that is required to rectify a shortfall in service capacity to meet existing community demand at the current agreed levels of service.
Based on the defined Level of Service, Capacities are the measures that describe the existing capacity, existing demand and the the total Capacity to be provided by the Project.
Capital expenditure.
Catchment is a term to describe the area of specific DC charges within a Sub-activity service area. For each Sub-activity there will be an assignment of a number of Localities to each charging catchments. This assignment will relate growth changes in the community to each Sub-activity and to each catchment within the Sub-activity. The catchment will represent an area within a Sub-activity service area where specific benefits apply.
Cost Allocation is a method of calculating proportions of project costs to support the distribution of Development Contributions.
The replacement cost of an existing asset less an allowance for wear or consumption.
DRC is calculated as the Gross Replacement Cost x (Remaining Life/Base Life)
The rate at which the value of an asset is reduced as the asset deteriorates over time. Depreciation can only be applied to a fixed asset with an expected life of greater than 12 months. This is often implemented for tax purposes, as depreciation can be deducted from income. Depreciation should be charged to the useful life of the asset, taking into consideration the loss through use (wear and tear), passing of time or obsolescence.
Depreciation is calculated as the Depreciation Replacement Cost/Remaining Life
Development Contributions (DCs) are all about money. They are a source of income for council to fund capital works that are necessary to continue to supply the community with a level of service.
DCs are a means of fairly charging the additional costs of growth projects, to those who create the need for growth.
Residential and business uses are both charged DCs. To ensure an equitable assessment of the charges it is necessary to express the residential and business demands in a common unit. This common unit is the Household Unit Equivalent (HUE). The growth model is adjusted to report both residential and business demands in the common unit, HUE.
Costs that are not specific to any one project, but will need to come out of the same programme budget. For example you may have a programme administrator whose salary would be an extra cost for the programme, but is not specific to any of the underlying projects.
The GRC or Gross Replacement Cost is the cost of the modern day equivalent component.
The portion of a planned (or completed) capital project providing capacity in excess of existing community demand at the current agreed levels of service.
The growth model will assess changes in the residential and business communities. Residential changes will be measured as population or dwelling numbers. Business changes will be measured as gross floor area (preferred) or employees. Large businesses may be measured on actual and projected demand.
The growth model will present the growth in at least each five year period (recommended to be each year up to the end of the LTCCP) by planning units in the community. A number of these planning units will be combined to make up the contributing Catchments for DC charging purposes.
An agreed upon measurement of the amount of service an organisation is expected to supply to its customers. For example, a local body government may agree to provide 50 square meters of library space per 1000 people in their area.
Levels of service defines the need for, and extent of, the projects that are identified and recorded. It is important that the levels of service are clearly defined in a manner that relates to the capacity of the infrastructure to deliver the service.
The specific physical place where a Project (or part of a Project) will occur. The Locality does not necessarily identify who will receive the services, or who will ultimately fund the project. See Catchment for further discussion.
Operational expenditure.
A Programme is an integrated system of Projects, intended to meet a specific service or need, to deliver an overall change for the business.
A Project is a temporary endeavor undertaken to create a unique product or service defined by a specific set of deliverables.
A project involves the selection of specific components for maintenence or renewal activities, with a budget allocated to cover the cost of the project.
A series of Projects, combine to form a Programme.
The point on the project timeline where the project currently is. These statuses are created on the Administration - Status Reference screen and hence are somewhat user configurable.
The time remaining until an asset ceases to provide the required level of service/usefulness. It should be noted that often assets become obsolete to organizations before their physical life is ended. Remaining life is a calculated value based on base life, condition grades and criticality factors unless an assessed remaining life of 3 years or less has been entered by the user in which case the assessed value will be used.
The gross cost of replacing an existing asset with a modern equivalent asset to the same function and capacity at the end of its life.
Renewal is about the "money put aside" in anticipation of the cost for replacing the asset at some future time. This should not be confused with the asset replacement activity. The asset replacement activity (or rehabilitation work) draws on the knowledge that an asset is reaching the end of its life and is the work planned to ensure that the integrity of the service is maintained. The rehabilitation work may also include elements of backlog and growth to ensure the integrity of the service for some time into the future.
A Scenario is a grouping of Programmes and Projects intended to deiver the same Activity service.
A Sub-activity is a specific maintenance or renewal category under which Programmes and Projects can be defined e.g stormwater.
A Sub-activity comprises a set of related Programmes which collectively deliver an overall change for the business.
Where the stand alone Growth Share is less than the calculated Growth Share, the difference is identified an an Unallocated cost share.
