Capital expenditure totals and borrowing
Council funds
and looks after infrastructure and many assets in the district. These include
roads, footpaths, water and wastewater pipes, libraries, swimming pools and
property development.
The money spent on
developing, upgrading and renewing these assets is capital expenditure. It is
generally funded by depreciation reserves, external funding, and debt. Total
capital expenditure for these projects in 2023-24 is $58.2 million, this
increases total borrowing to $200 million in this Annual Plan.
