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 />
NOTES TO THE FINANCIAL <strong>REPORT</strong> FOR THE YEAR ENDED 30 JUNE <strong>2008</strong><br />
39 Revenue, expenses and assets by functions/activities<br />
<strong>2008</strong> <strong>2007</strong><br />
$000 $000<br />
Revenue<br />
Rates 115,832 106,874<br />
Grants Commission 16,690 15,591<br />
Corporate Services 6,732 6,961<br />
City Services 28,666 37,391<br />
Community Services 22,932 -<br />
Community Infrastructure and Recreation 15,766 38,052<br />
Major Projects 2,525 2,369<br />
Development Sustainability 17,682 16,221<br />
Total Revenue 226,825 223,459<br />
Expenditure<br />
Corporate Services 29,196 25,042<br />
City Services 86,889 80,777<br />
Community Services 40,075 -<br />
Community Infrastructure and Recreation 19,872 55,684<br />
Major Projects 6,814 5,489<br />
Development Sustainability 16,580 15,982<br />
Total Expenditure 199,426 182,974<br />
Net Result 27,399 40,485<br />
Assets Attributed to Functional Activities<br />
Corporate Services - Current Assets 45,771 40,465<br />
- Other Assets 83,325 71,166<br />
City Services - Other Assets 930,439 899,190<br />
Community Infrastructure and Recreation - Other Assets 74,089 165,169<br />
Community Services - Other Assets 112,306 -<br />
Major Projects - Other Assets 74,772 70,331<br />
Development Sustainability - Other Assets 46,916 43,684<br />
Total Assets Attributed to Functional Activities 1,367,618 1,290,005<br />
Total assets shown above reconciles with the amounts shown for assets in the Balance Sheet as follows:<br />
Current Assets 45,772 40,460<br />
Non-Current Assets 1,321,846 1,249,545<br />
1,367,618 1,290,005<br />
182
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