Annual Report 2008-2009 Summary - City of Greater Geelong

Cash Flow Statement
for the year ended 30 June 2009
2009
Inflows/
(Outlfows)
$000s
2008
Inflows/
(Outlfows)
$000s
Cash flows from operating activities
Rates 124,347 116,780
User charges and fines (inclusive of GST) 55,448 48,125
Grants (inclusive of GST) 45,025 35,709
Interest 1,458 2,132
Net GST refund/payment 8,449 7,157
Payments to suppliers (inclusive of GST) (99,523) (96,941)
Payments to employees (including redundancies) (76,998) (71,545)
Net cash provided by (used in) operating activities 58,206 41,417
Cash flows from investing activities
Payments for property, infrastructure, plant and equipment (71,829) (52,441)
Proceeds from sale of property, infrastructure, plant and equipment 8,421 2,232
Capital Income 17,518 9,875
Net cash provided by (used in) investing activities (45,890) (40,334)
Cash flows from financing activities
Finance costs (944) (905)
Proceeds from interest bearing loans 12,675 3,125
Repayment of interest bearing loans (1,181) (4,967)
Net cash provided by (used in) financing activities 10,550 (2,747)
Net increase (decrease) in cash and cash equivalents 22,866 (1,664)
Cash and cash equivalents at the beginning of the financial year 30,266 31,930
Cash and cash equivalents at the end of the financial year 53,132 30,266
Financing Arrangements
Restrictions on Cash Assets
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Annual Report 2008-2009 | City of Greater Geelong 47