eKourier July 2013

FEATURES

New KSS Warrawong Derailed by Wollongong Politics

In the process of the Rescission Motion, some in Wollongong Council displayed economic narrow-mindedness to vote against our $5 million investment, with their hope of the return of Heavy Industrial to the Illawarra so storage must be excluded. We are quite puzzled at this argument. In addition, one of the opposing Council- lors (Greg Petty) is a self storage business owner, who abstained from the previous votes on the matter, declared he had no significant conflict of interest on the Rescission Motion. He previously abstained declaring a “significant pecuniary interest”, yet on the last occasion this changed and he participated and voted against us. We are

gobsmacked by this.

We lost by one vote.

Wollongong Council has a chequered reputation of impropriety and clearly deserves better than the people they have there. We have lodged a Code of Conduct complaint against Councillor Petty and are waiting for the decision. In addition, other avenues exist to resolve this matter.

I n June our attempt to have the Heavy Industrial Zoning in Wollon- gong broadened to include Self Storage was derailed by narrow- minded politics and blatant conflicts of interest. After receiving Council Officer support to recommend approval of our proposal and Council voting in accord- ance with this; a Rescission Motion was lodged and then won.

Watch this space…

Sam Kennard Managing Director

look for process improvements and ways to deliver better value add information for all our customers, both internal and external. As would have been seen by Team Members who attended the PEP program – one can achieve far more by working together as a team rather than as individuals.

Another Financial Year Ends...

W ell, we are busy working through the June 2013 Financial Year End. Don’t they seem to come quicker and quicker each year This is a busy and exciting time for the Finance Team as we look to close out all the transactions for the June Financial Year end and deliver the financial results. The year end financial process puts together the financial story of how Kennards has gone over the last 12 months. We certainly hope the

As we wrap up year end, we go

financial story is a good story and has a happy ending…….details to follow. Looking at the 2013/14 Financial Year ahead – the Budget has been locked in based on the Revenue Forecasts received from Centres and the expenses completed by finance with input from Ops Managers, Construction, legal agreements and past experience. Thanks to everyone for their input into the Budget. The Finance Team continue to look to meet our internal motto – “ Deliver Value Add Information and Services in a Timely Manner ” To achieve this we continue to

live in July with 2 Finance Projects – 1. Moving to one set of accounts for all our various entities and 2. Bringing Fixed Assets into our Great Plains General Ledger. We hope to use the Fixed Asset system to track and control assets at Centres On behalf of finance I would like to thank all Team Members for their support over the last 12 months and look forward to working with you over the next 12 months to deliver a very happy ending to the June 2014 financial results Anthony Rous Chief Financial Officer

Kennards Kourier July 2013

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