King Island Council Annual Report 2011-2012 (1921 kb)

King Island CouncilNotes to the Financial ReportFor the Year Ended 30 June 20122012 2011$ $Note 3Rates and chargesCouncil uses Adjusted Annual Assessed Value as the basis of valuation of all properties within the municipality. The AdjustedAnnual Assessed Value of a property is its assessed adjusted annual rental value.The valuation base used to calculate general rates for 2011/2012 was $23.207 million (2010-2011 $21.548 million). The 2011/2012rate in the Adjusted Annual Assessed Value dollar was 6.295 cents (2010-2011, 6.325 cents).General Rate 1,459,268 1,371,240Waste Collection Charge 189,492 197,205Fire Levy 99,889 89,330Total rates and charges 1,748,649 1,657,775The date of the latest general revaluation of land for rating purposes within the municipality was June 2010, and the valuation wasfirst applied in the rating year commencing 1 July 2011.Note 4Statutory fees and finesBuilding Fees 13,656 40,465Planning & Development Fees 26,572 31,963Rates & Land Information Certificates 17,545 8,547Animal Control Registrations & Fees 8,539 9,991Licence & Permit Fees 2,558 3,343Other Fees - 2,311Total statutory fees and fines 68,870 96,620Note 5User feesAirport Landing Charges 267,191 249,115Refuse Disposal Fees 29,583 41,255Cemetery 12,158 7,900Airport Parking Fees 4,186 10,119Hall Hire 4,665 2,985Other fees and charges 6,325 13,572Total user fees 324,108 324,946Note 6GrantsGrants were received in respect of the following :Summary of grantsFederally funded grants 2,033,250 1,974,905State funded grants 380,687 439,765Others 928 40,770Total 2,414,865 2,455,44017