Annual Report 2004-2005 - City of Vincent

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NOTES TO AND FORMING PARTS OF THE FINANCIAL STATEMENTS Notes to and forming parts of the Financial Statements for the year ended 30 June 2005 4 (c) DEPRECIATION Depreciation expense for the financial year was charged in respect of: 2003/04 2004/05 $ $ 1,244,308 Buildings 1,624,857 2,566,827 Infrastructure Assets 2,674,075 620,838 Plant and Mobile Equipment 668,585 332,978 Office Furniture and Equipment 309,525 $4,764,951 $5,277,042 4 (d) DISPOSAL OF ASSETS BY CLASS YEAR ENDED 30 JUNE 2004 Budget Actual Budget Actual Budget Actual Net Book Net Book Sale Sale Gain Gain Value Value Price Price (Loss) (Loss) $ $ $ $ $ $ Plant and Mobile Equipment 211,138 101,731 245,770 206,466 34,632 104,735 Office Furniture and Equipment - - - 454 - 454 Land and Building Assets - - 1,300,000 - 1,300,000 - Other Infrastructure Assets Total 211,138 101,731 1,545,770 206,920 1,334,632 105,189 5 CONDITIONS OVER CONTRIBUTIONS Grants which were recognised as revenues during the year and which were obtained on the condition that they be expended on the acquisition of non-current assets but have yet to be applied in that manner at reporting date were: 2003/04 2004/05 $ $ 113,630 Roads to Recovery Grant 42,508 $113,630 $42,508 Grants which were recognised as revenues in a previous reporting period and were expended during the current reporting period in the manner specified by the grantor were: 2003/04 2004/05 $ $ 60,554 Roads to Recovery Grant 105,190 $60,554 $105,190 86 TOWN OF VINCENT _ A NNUAL R EPORT 2004-2005
NOTES TO AND FORMING PARTS OF THE FINANCIAL STATEMENTS Notes to and forming parts of the Financial Statements for the year ended 30 June 2005 6 RECEIVABLES 2003/04 Current 2004/05 $ $ 324,836 Rates 188,409 557,819 Works and Services 280,873 377,867 Property Rental/Leases 262,520 651 Rubbish Charges 4,884 79,371 Other 81,795 196,246 Accrued Income 97,299 262,017 Infringements 368,848 (13,205) Less Provision for Doubtful Debts (13,205) $1,805,602 $1,271,423 2003/04 Non-Current 2004/05 $ $ 83,934 Rebate Receivable from Mindarie Regional Council 83,934 140,033 Pensioners’ Rates Deferred 121,204 $223,967 $205,138 Pensioners’ Rates Deferred The amount of $121,204 in 2004/05 relates to Council Rates deferred by pensioners in accordance with the Rates and Charges (Rebates and Deferments) Act 1992. During the 2003/04 year the deferred rates amounted to $140,033. 7 (a) INVESTMENTS Investments are made in accordance with the Western Australia Trustee Act 1962 (as amended). All investments are recorded at cost. 2003/04 Current 2004/05 $ $ 11,000 Shares in North Perth Community Financial Services Limited 11,000 $11,000 $11,000 7 (b) INTEREST EARNINGS 2003/04 Interest 2004/05 2004/05 Actual Earnings Budget Actual $ $ $ 403,120 Municipal 414,000 484,671 367,546 Reserve 279,300 359,340 $770,666 $669,300 $844,011 TOWN OF VINCENT _ A NNUAL R EPORT 2004-2005 87
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Annual Report 2004-2005 Enhancing a
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C ONTENTS Contents Mayor’s Report
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M AYOR’ S R EPORT Beatty Park Lei
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C OUNCIL I NFORMATION Council Infor
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C OUNCIL I NFORMATION Audit Committ
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C HIEF E XECUTIVE O FFICER’ S R E
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C HIEF E XECUTIVE O FFICER’ S D I
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S ENIOR O FFICERS Senior Officers T
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C ORPORATE S ERVICES Concert at Ban
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C ORPORATE S ERVICES Arts The Wetla
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C ORPORATE S ERVICES Outcome 5: Opp
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C ORPORATE S ERVICES Compliance wit
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C ORPORATE S ERVICES Health and Fit
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E NVIRONMENTAL AND D EVELOPMENT S E
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T ECHNICAL S ERVICES Technical Serv
Page 37 and 38: T ECHNICAL S ERVICES Worm Farms and
Page 39 and 40: T ECHNICAL S ERVICES • Robertson
Page 41 and 42: T ECHNICAL S ERVICES The redevelopm
Page 43 and 44: P RINCIPAL A CTIVITIES P LAN Princi
Page 45 and 46: P RINCIPAL A CTIVITIES P LAN PRINCI
Page 53 and 54: P RINCIPAL A CTIVITIES P LAN PARKIN
Page 55 and 56: P RINCIPAL A CTIVITIES P LAN STATIS
Page 61 and 62: P RINCIPAL A CTIVITIES P LAN Effici
Page 63 and 64: P RINCIPAL A CTIVITIES P LAN KEY PE
Page 67 and 68: P RINCIPAL A CTIVITIES P LAN State
Page 69 and 70: C OMPETITION P RINCIPLES A GREEMENT
Page 71 and 72: T OWN P ROFILE The Viking by Vaness
Page 73 and 74: T OWN M AP Area of Parks and Garden
Page 75 and 76: F INANCIAL R EPORT FOR THE YEAR END
Page 77 and 78: S TATEMENT BY C HIEF E XECUTIVE O F
Page 79 and 80: S TATEMENT OF F INANCIAL P OSITION
Page 81 and 82: S TATEMENT OF C ASH F LOWS Statemen
Page 83 and 84: NOTES TO AND FORMING PARTS OF THE F
Page 87: NOTES TO AND FORMING PARTS OF THE F
Page 111 and 112: T OWN OF V INCENT L OGO In late 199
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Annual Report 2004-2005 - City of Vincent

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