Annual Report 2004-2005 - City of Vincent
Annual Report 2004-2005 - City of Vincent
Annual Report 2004-2005 - City of Vincent
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S TATEMENT OF C ASH F LOWS<br />
Statement <strong>of</strong> Cash Flows<br />
for the year ended 30 June <strong>2005</strong><br />
Actual Budget Actual<br />
Inflows/ Inflows/ Inflows/<br />
(Outflows) (Outflows) (Outflows)<br />
30-Jun-04 Note 30-Jun-05 30-Jun-05<br />
$ $ $<br />
Cash flows from operating activities<br />
Payments<br />
(8,644,502) Employee Costs (9,149,370) (11,903,001)<br />
(10,427,096) Materials and Contracts (8,259,049) (9,441,748)<br />
(1,560,187) Utilities (823,427) (1,597,525)<br />
(189,428) Insurance Expense (95,105) (250,392)<br />
(208,999) Other expenditure - (708,255)<br />
(21,030,213) Total Payments (18,326,951) (23,900,921)<br />
Receipts<br />
12,931,646 Rates 13,533,575 13,530,749<br />
- Grants and subsidies - -<br />
1,414,425 Contributions, reimbursements and donations 718,894 1,392,823<br />
6,772,504 Fees and Charges 6,495,286 8,897,944<br />
770,666 Interest earnings 7 669,300 844,011<br />
1,324,067 Goods and Services Tax 1,080,000 1,055,990<br />
821,981 Other revenue/income 115,000 1,492,893<br />
24,035,289 Total Receipts 22,612,055 27,214,410<br />
3,005,076 Net cash flows from operating activities 12 (a) 4,285,104 3,313,489<br />
Cash flows from investing activities<br />
Payments<br />
(11,943,853) Purchase Land and Building Assets 9 (b) (72,000) (3,572,012)<br />
(2,966,438) Purchase Infrastructure Assets (3,627,700) (2,607,001)<br />
(908,630) Purchase Plant and Equipment (784,310) (613,259)<br />
(77,674) Purchase Furniture and Equipment (120,260) (119,145)<br />
(4,040,919) Work in Progress (Uncompleted Works) (6,641,781) (781,002)<br />
(19,937,514) (11,246,051) (7,692,419)<br />
Receipts<br />
256,091 Disposal <strong>of</strong> Plant and Equipment 4 (d) 245,770 206,920<br />
- Disposal <strong>of</strong> Furniture and Equipment 4 (d) - -<br />
27,500 Disposal <strong>of</strong> Land and Building 4 (d) 1,300,000 -<br />
- Contributions from Other Parties 6,149,000 -<br />
283,591 1,667,437 206,920<br />
(19,653,923) Net cash flows from investing activities (9,578,614) (7,485,499)<br />
9,668,750 Borrowings 2,381,700 2,841,898<br />
(146,631) Repayment <strong>of</strong> Borrowings - (1,712,906)<br />
348,597 Net increase in Bonds and Deposits - 37,533<br />
9,870,716 2,381,700 1,166,525<br />
Receipts from appropriations/grants<br />
721,394 Recurrent 684,000 2,245,367<br />
5,836,133 Capital 765,834 544,306<br />
6,557,527 1,449,834 2,789,673<br />
(220,604) Net(decrease)/increase in cash held (1,461,976) (215,811)<br />
10,001,132 Cash at 1 July <strong>2004</strong> 9,001,278 9,780,528<br />
9,780,528 Cash at 30 June <strong>2005</strong> 11 7,539,302 9,564,717<br />
TOWN OF VINCENT _ A NNUAL R EPORT <strong>2004</strong>-<strong>2005</strong><br />
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