City of Greater Bendigo Budget 2015/2016

Section 6 “Analysis of Capital Budget” includes a more detailed analysis of the grants and
contributions expected to be received during the 2015/16 year.
4.2.9 Interest Revenue ($0.089 million increase)
Interest revenue includes interest on investments and rate arrears. Interest is budgeted to increase
by 6.2% or $89,000 compared to the 2014/15 forecast. This is attributable to cash flow predictions,
particularly in relation to Capital Works funding and corresponding expenditure in 2015/16.
4.3 Operating Expenditure
Expenditure Types
Ref
Forecast
Actual
2014/15
$’000
Budget
2015/16
$’000
Variance
$’000
Employee costs 4.3.1 54,983 56,938 1,955
Contracts, materials and services 4.3.2 79,719 61,022 (18,697)
Plant and equipment operating costs 4.3.3 4,395 4,287 (108)
Borrowing costs 4.3.4 1,600 1,735 135
Bad debts 4.3.5 132 130 (2)
Net loss on sale/write off of assets 3,871 3,000 (871)
Depreciation and amortisation 4.3.6 30,695 29,743 (952)
Total Operating Expenditure 175,395 156,855 (18,540)
$,000
80,000
70,000
60,000
50,000
40,000
30,000
20,000
10,000
0
Expenses comparison Forecast 14/15 / Budget 15/16
Employee
Costs
Materials &
Services
Depreciation
Borrowing
costs
Forecast 14/15 Budget 15/16
Net Loss
on sales
Other
32 Greater Bendigo City Council Budget – 2015/16