City of Greater Bendigo Budget 2015/2016

APPENDIX A
Comprehensive Income Statement - for the four years ending 30 June 2019
Forecast
Actual
Budget
Strategic Resource Plan
Projections
2014/15 2015/16 2016/17 2017/18 2018/19
$’000 $’000 $’000 $’000 $’000
Revenues
Rates and charges 93,592 99,421 106,065 113,074 120,468
Statutory fees and fines 3,312 3,888 4,044 4,205 4,373
User charges, fees and fines 23,572 22,963 23,882 24,837 25,830
Reimbursements 267 1,349 364 377 391
Contributions – cash 10,513 7,336 7,628 7,935 8,253
Contributions – non monetary 10,881 11,391 11,505 11,620 11,736
Government grants - operating 34,084 25,255 25,546 25,838 26,586
Government grants - capital 5,738 14,171 26,838 5,524 4,000
Interest on investments 1,445 1,534 1,565 1,580 1,596
Total Revenues 183,404 187,308 207,437 194,990 203,233
Expenses
Employee costs 54,983 56,938 60,835 64,738 68,869
Contract payments, materials and services 79,719 61,022 63,054 66,076 69,245
Plant and equipment operating expenses 4,395 4,287 4,493 4,708 4,934
Borrowing costs 1,600 1,735 1,950 2,487 2,441
Bad debts 132 130 189 255 246
Net Loss on disposal of property, plant,
infrastructure and assets held for resale 3,871 3,000 3,000 3,000 3,000
Depreciation 30,695 29,743 31,452 33,261 35,173
Total Expenses 175,395 156,855 164,993 174,525 183,908
Operating Result 8,009 30,453 42,444 20,465 19,325
Share of other comprehensive income of
Associates accounted for by the equity
method 7 (113) 50 50 50
Net asset revaluation increments 32,509 35,000 69,208 31,341 71,109
Comprehensive Result 40,525 65,340 111,702 51,856 90,484
Greater Bendigo City Council Budget - 2015/16 59