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 />
CASH FLOW STATEMENT FOR THE YEAR ENDED 30 JUNE <strong>2008</strong><br />
<strong>2008</strong> <strong>2007</strong><br />
Inflows/<br />
Inflows/<br />
(Outflows)<br />
(Outflows)<br />
Note $000 $000<br />
Cash flows from operating activities<br />
Rates 116,780 108,341<br />
User charges and fines (inclusive of GST) 48,125 46,854<br />
Grants (inclusive of GST) 35,709 32,922<br />
Interest 2,132 1,484<br />
Net GST refund/payment 7,157 5,324<br />
Payments to suppliers (inclusive of GST) (96,941) (82,441)<br />
Payments to employees (including redundancies) (71,545) (68,087)<br />
Net cash provided by (used in) operating activities 29 41,417 44,397<br />
Cash flows from investing activities<br />
Payments for property, infrastructure, plant and equipment (52,441) (49,067)<br />
Proceeds from sale of property, infrastructure, plant and equipment 11 2,232 3,651<br />
Capital Income 5 9,875 7,363<br />
Net cash provided by (used in) investing activities (40,334) (38,053)<br />
Cash flows from financing activities<br />
Finance costs (905) (840)<br />
Proceeds from interest bearing loans 3,125 5,000<br />
Repayment of interest bearing loans (4,967) (4,333)<br />
Net cash provided by (used in) financing activities (2,747) (173)<br />
Net increase (decrease) in cash and cash equivalents (1,664) 6,171<br />
Cash and cash equivalents at the beginning of the financial year 31,930 25,759<br />
Cash and cash equivalents at the end of the financial year 30 30,266 31,930<br />
Financing Arrangements 31<br />
Restrictions on Cash Assets 18<br />
The above cash flow statement should be read with the accompanying notes<br />
142
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