annual report - City of Bayswater
annual report - City of Bayswater
annual report - City of Bayswater
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Rate Setting Statement (continued)<br />
for the year ended 30 June 2009<br />
2008/2009<br />
BUDGET<br />
Total<br />
Significant Item<br />
Road Asset Revaluation - (10,741,911)<br />
EMRC Asset Revaluation - 497,568<br />
TOTAL OPERATIONS ($23,482,278) ($24,424,834)<br />
ADD<br />
OTHER DEFERRED DEBTORS - (17,889)<br />
E.S.L NON-CURRENT ADJUSTMENT - 4,462<br />
SELLING PRICE OF ASSETS 431,000 445,339<br />
RESERVES MOVEMENT (Net) 135,744 (3,337,771)<br />
PRINCIPAL LOAN RECOVERIES 62,634 64,160<br />
AGED PERSONS LIABILITY MOVEMENT ADJUSTMENT - 2,651,802<br />
LOAN FUNDING - -<br />
PROVISION FOR LONG SERVICE LEAVE NON-CURRENT ADJUSTMENT - (31,068)<br />
LOSS ON DISPOSAL OF ASSETS - 49,427<br />
ROAD ASSET REVALUATION - 10,741,911<br />
EMPLOYEE PROVISIONS (208,000) -<br />
DEPRECIATION 9,664,800 8,461,912<br />
$10,086,178 $19,032,285<br />
LESS<br />
CAPITAL EXPENDITURE 17,302,191 9,867,809<br />
PENSIONER DEFERRED RATES ADJUSTMENT - 6,455<br />
EMRC ASSET REVALUATION - 497,568<br />
REPAYMENT OF DEBT 392,842 393,442<br />
$17,695,033 $10,765,274<br />
OPENING BALANCE $5,412,597 $5,499,006<br />
CLOSING BALANCE - $14,915,554<br />
AMOUNT TO BE MADE UP FROM RATES ($25,678,536) ($25,574,371)<br />
44 city <strong>of</strong> bayswater <strong>annual</strong> <strong>report</strong> 2008-09
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