Annual Report 2004-2005 - City of Vincent

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
10 CASH RESERVES (CONT)
2003/04 2004/05 2004/05
Actual Budget Actual
$ $ $
Underground Power Reserve
24,930 Opening Balance 1 July 26,390 26,275
1,345 Transfer from Accumulated Surplus 1,330 1,396
0 Transfer to Accumulated Surplus 0 0
26,275 Closing Balance 30 June 27,720 27,671
State indoor Multi-use Sport Centre Reserve
0 Opening Balance 1 July 0 0
0 Transfer from Accumulated Surplus 1,300,000 0
0 Transfer to Accumulated Surplus 35,330 0
0 Closing Balance 30 June 1,335,330 0
Perth Oval Reserve
0 Opening Balance 1 July 73,007 72,678
72,678 Transfer from Accumulated Surplus 100,000 102,186
0 Transfer to Accumulated Surplus (6,721) (67,529)
72,678 Closing Balance 30 June 166,286 107,335
Perth Oval Reserve Stage 2
0 Opening Balance 1 July 0 0
0 Transfer from Accumulated Surplus 0 500,000
0 Transfer to Accumulated Surplus 0 0
0 Closing Balance 30 June 0 500,000
Office Building Reserve
0 Opening Balance 1 July 0 0
0 Transfer from Accumulated Surplus 65,085 65,000
0 Transfer to Accumulated Surplus 0 0
0 Closing Balance 30 June 65,085 65,000
$6,306,577 Total Cash Reserves at 30 June $6,619,329 $7,193,015
11 CASH ASSETS
2003/04 2004/05
$ $
6,377 Cash on Hand 8,568
850,885 Cash at Bank 1,284,014
8,923,266 Short Term Investments 8,272,135
$9,780,528 $9,564,717
The following restrictions have been imposed by regulations or other externally imposed requirements:
2003/04 Investments 2004/05
$ $
6,306,577 Reserves as shown in Note 10 7,193,015
113,630 Unspent Grants/Contributions 42,508
1,341,865 Bonds and Deposits Received in Advance 1,355,034
7,762,072 Total Restricted 8,590,557
2,018,456 Total Unrestricted 974,160
$9,780,528 $9,564,717
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TOWN OF VINCENT _ A NNUAL R EPORT 2004-2005