Annual Report 2011 - 2012 - Yarriambiack Council

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MAJOR VARIANCE REPORT EXPLINATIONFor The Year Ended 30 June 2012Ref Item Explanation25 Grants and contributions See Ref 1 & 226 Interest See Ref 527 User charges, fees and fines See Ref 328 Employee Benefits See Ref 629 Materials, contractors and other expenses See Ref 730 Proceeds from sales of property, plant andequipmentProceeds from the sale of assets were less than budgeted dueto the decision to not trade some of the large plant items.These plant items retained to assist with flood restorationworks.31 Payments for property, plant and equipment Variance is due to extra grants being made available for therenewal and upgrade of Council infrastructure assets andbuildings. Such grants that allowed this extra spending tooccur were the Country Roads Building Initiative, NaturalDisaster grants and the Local Government InfrastructureProgram.32 Finance costs See Ref 1033 Proceeds from borrowings Council elected not to take out any new borrowings to fundthe 2011/12 unfunded superannuation liability of $402,00034 Repayment of borrowings See Ref 1932Yarriambiack Shire Council Annual Report 2011-2012
BUDGETED STANDARD STATEMENT OF CAPITAL WORKSFor The Year Ended 30 June 2012Ref Budget Actual Variance$’000 $’000 $’000 %Capital works areasRoads 35 6,901 8,574 (1,673) (24%)Drains 36 62 39 23 37%Buildings 37 599 873 (274) (46%)Plant, equipment and other 1,246 1,139 107 9%Total capital works 8,808 10,625 (1,817) (21%)Represented by:Asset renewal 38 6,787 6,014 773 11%New assets 39 615 2,171 (1,556) (253%)Asset expansion/upgrade 40 1,406 2,440 (1,034) (74%)Total capital works 8,808 10,625 (1,817) -21%Yarriambiack Shire Council Annual Report 2011-2012 33
Page 1: Annual Report 2011 - 2012www.yarria
Page 9: organisational structureCOUNCILHuma
Page 12 and 13: community servicesOBJECTIVESTo faci
Page 14 and 15: infrastructure services managementO
Page 16 and 17: Shire Happenings 2011/12Park Decora
Page 18 and 19: About us & freedom of informationVo
Page 20 and 21: information to be made available to
Page 22 and 23: PERFORMANCE STATEMENTFor The Year E
Page 24 and 25: INDEPENDANT AUDITOR’S REPORT24Yar
Page 26 and 27: NOTES TO THE STANDARD STATEMENTFor
Page 28 and 29: MAJOR VARIANCE REPORT EXPLINATIONFo
Page 36 and 37: FINANCIAL REPORTPageFINANCIAL STATE
Page 38 and 39: Balance BALANCE SheetSHEETAs at As
Page 40 and 41: Cash flows from operating activitie
Page 42 and 43: Internal Auditor - AFS Chartered Ac
Page 45 and 46: Borrowing costs include interest on
Page 47 and 48: NOTES TO THE FINANCIAL REPORTFor th
Page 51: Aged services fees 171 156Aged serv
Page 54 and 55: InfrastructureRoads 4,116 3,823Brid
Page 70 and 71: Interest rate risk refers to the ri
Page 72 and 73: - have readily accessible standby f
Page 76 and 77: Other 7,915 626 152 408 2,556 821 1
Page 80 and 81: Expenditure on an existing asset wh
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INDEPENDANT AUDITOR’S REPORT82Yar
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Our VisionIn consultation with our
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Annual Report 2011 - 2012 - Yarriambiack Council

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