ANNUAL REPORT 2007-2008 CITY OF GREATER GEELONG
ANNUAL REPORT 2007-2008 CITY OF GREATER GEELONG
ANNUAL REPORT 2007-2008 CITY OF GREATER GEELONG
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<strong>CITY</strong> <strong>OF</strong> <strong>GREATER</strong> <strong>GEELONG</strong><br />
INCOME STATEMENT FOR THE YEAR ENDED 30 JUNE <strong>2008</strong><br />
Note <strong>2008</strong> <strong>2007</strong><br />
$000 $000<br />
<strong>CITY</strong> <strong>OF</strong> <strong>GREATER</strong> <strong>GEELONG</strong> <strong>ANNUAL</strong> <strong>REPORT</strong> <strong>2007</strong>-<strong>2008</strong><br />
Revenue<br />
Rates and Charges 2 115,382 106,874<br />
Fees and Charges 3 50,792 44,345<br />
Grants - Operating 4 34,987 31,939<br />
Capital Income 5 9,875 7,363<br />
Interest Income 2,132 1,484<br />
Total Revenue 213,168 192,005<br />
Expenses<br />
Employee Benefits 6 73,096 69,127<br />
Materials and Services 7 69,885 61,121<br />
Administration 5,850 5,553<br />
Professional Services 4,132 2,913<br />
Utilities 4,708 4,280<br />
Provision for Landfill 8 940 219<br />
Bad and Doubtful Debts 9 971 677<br />
Depreciation and other Write Downs 10 38,954 38,209<br />
Financing Costs 897 832<br />
Total Expenses 199,433 182,931<br />
Net gain(loss) on disposal of property, infrastructure, plant and equipment 11 (349) 537<br />
Previously Unrecognised Assets 12 857 8,534<br />
Investments in Associates 13 1,005 454<br />
Contributions - Non Monetary Assets 14 12,151 14,079<br />
Net Asset Revaluation Increment 15 - 7,807<br />
Surplus for the Year 27,399 40,485<br />
The above income statement should be read with the accompanying notes<br />
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