City of Greater Bendigo Annual Budget 2014/2015

More documents

Recommendations

Info

5.2.1 Statutory and Discretionary Reserves ($1.69 million decrease) Statutory funds must be applied for specified statutory purposes in accordance with various legislative and contractual requirements. While these funds earn interest revenues for Council, the funds are not available for other purposes. Discretionary reserves have been earmarked for specific utilisation in future years. Discretionary reserves include funds for waste disposal facility development, strategic property purchases, Bendigo Theatre development, long service leave, and future funding for defined benefit superannuation. 5.2.2 Trust Deposits ($0.03 million) These funds are deposits or retention amounts controlled by Council and recognised as Trust Funds until they are returned or forfeited. 5.2.3 Unrestricted Cash and Investments ($1.37 million decrease) These funds are free of all specific Council commitments and represent funds available to meet daily cash flow requirements and unexpected short term needs. The lower level of unrestricted cash and investment reflects Council’s commitment to utilising existing cash resources, minimisation of rate impacts and borrowing to fund Capital Works. The low level is also a result of determining that all discretionary reserves should be cash backed at 30 June each year – these funds immediately become available for use on 1 July. Greater Bendigo City Council Budget – 2014/2015 32
6. Analysis of Capital Budget This section analyses the planned capital expenditure budget for the 2014/2015 year and the sources of funding for the capital budget. 6.1 Capital Works Capital Works Areas Ref Forecast Actual 2013/2014 $’000 Budget 2014/2015 $’000 Variance $’000 Capital Works Land Improvements 6.1.1 4,338 7,207 2,869 Buildings 6.1.2 14,616 6,904 (7,712) Plant, Equipment and Other 6.1.3 5,247 5,061 (186) Roads and Bridges 6.1.4 20,129 16,032 (4,097) Drainage 6.1.5 4,949 5,580 631 Public Furniture and Fittings 6.1.6 2,313 1,902 (411) Total Capital Works 51,592 42,686 (8,906) Represented by: New assets 6.1.7 11,854 8,405 (3,449) Asset renewal/upgrade 6.1.7 29,844 20,470 (9,374) Asset expansion 6.1.7 9,894 13,811 3,917 Total capital works 51,592 42,686 (8,906) Source: Appendix A. A more detailed listing of the capital works program is included in Appendix C. Greater Bendigo City Council Budget – 2014/2015 33
Page 1 and 2: City of Greater Bendigo Annual Budg
Page 3 and 4: ADDENDUM This addendum should be re
Page 5 and 6: Introduction from the Mayor, Cr Bar
Page 7 and 8: 3. Cash and Investments Cash and in
Page 9 and 10: 7. Council Expenditure Allocations
Page 11 and 12: 1. Linkage to the Council Plan This
Page 13 and 14: 1.3 Themes and Strategic Objectives
Page 15 and 16: People and Performance Contracts an
Page 17 and 18: Initiatives Initiatives 9) Employ S
Page 19 and 20: Presentation and Works Bendigo Live
Page 21 and 22: Roads Satisfaction Satisfaction wit
Page 23 and 24: 2.5 Theme 5 - Sustainability Sustai
Page 25 and 26: 2.6 Major Initiatives Major Initiat
Page 27 and 28: 3.4 Internal Influences There are a
Page 29 and 30: 4. Analysis of Operating Budget 4.1
Page 31 and 32: 4.2.4 Reimbursements ($.006 million
Page 33 and 34: 4.3.1 Employee Benefits ($5.36 mill
Page 35: 5.1.1 Operating Activities ($0.47 m
Page 39 and 40: 6.1.6 Public Furniture and Fittings
Page 41 and 42: 7. Analysis of Budgeted Financial P
Page 43 and 44: 7.1.4 Working Capital ($0.69 millio
Page 45 and 46: Key to Forecast trend above: + Fore
Page 47 and 48: Expenditure level Revenue level Wor
Page 49 and 50: 9. Rating Information This section
Page 51 and 52: The commercial/industrial propertie
Page 53 and 54: The City of Greater Bendigo also ha
Page 55 and 56: In preparing the Capital Works prog
Page 57 and 58: APPENDIX A Appendix A - Budgeted St
Page 59 and 60: APPENDIX A Budgeted Balance Sheet -
Page 61 and 62: APPENDIX A Budgeted Capital Works S
Page 63 and 64: APPENDIX A Budgeted Statement of Hu
Page 65 and 66: APPENDIX B Rates and Charges 1. Rat
Page 67 and 68: APPENDIX B 1.5 The number of assess
Page 69 and 70: APPENDIX B 1.11 The estimated total
Page 71 and 72: APPENDIX B 2.4 General Rate Having
Page 73 and 74: APPENDIX B General Land; Commercial
Page 75 and 76: APPENDIX B The use of the land with
Page 77 and 78: APPENDIX C Capital Works Program Fo
Page 79 and 80: APPENDIX C Capital Works Area NEW W
Page 81 and 82: Capital Works Program (Detailed) Ca
Page 83 and 84: Capital Works Area Project Descript
Page 85 and 86: Capital Council Works Project Descr
Page 87 and 88:
Capital Council Works Project Descr
Page 89 and 90:
APPENDIX D D - 1 COMMERCIAL/INDUSTR
Page 91 and 92:
APPENDIX E Appendix E - Capital Eva
Page 93 and 94:
APPENDIX E For the 2014/2015 financ
Page 95 and 96:
APPENDIX F Term Definition Financia
Page 97:
APPENDIX F Term Definition needs of
show all

City of Greater Bendigo Annual Budget 2014/2015

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?