Annual Plan 2016-17 - Approved by Council 27 June 2016

KINGBOROUGH COUNCIL
Budget 2016/17
Finance - Operating Income/Expenses
New Budget
2016/17
Annual Budget
2015/16
Variance
Finance (Cont'd)
Other Expenses
1.31.166.6162 Audit Fees 50,400 42,000 (8,400)
1.31.166.6250 Fringe Benefits Tax 70,000 54,000 (16,000)
1.31.166.6270 Legal Fees & Retainers 3,600 3,600 0
1.31.166.6282 Minor Cash Discrepancies 0 0 0
1.31.166.6303 Payroll Tax 0 780,000 780,000
1.31.166.6311 Post Office Expenses 14,400 15,000 600
1.31.166.6312 Postage 36,000 30,000 (6,000)
1.31.166.6349 Staff Costs 24,000 24,000 0
1.31.166.6372 Sundry 4,800 3,600 (1,200)
1.31.174.6312 Postage - Rates 45,000 36,000 (9,000)
New****Procurement 15,600 0 (15,600)
1.31.174.6390 Valuation Fees 60,000 60,000 0
1.31.712.6102 Insurance - Fidelity 14,000 13,000 (1,000)
1.31.712.6104 Insurance - Industrial Special Risks 60,000 60,000 0
1.31.712.6108 Insurance - Public Liability 210,000 210,000 0
Total 607,800 1,331,200 723,400
Depreciation
1.31.704.6216 Depreciation 7,200 6,102 (1,098)
Total 7,200 6,102 (1,098)
Loans
1.31.702.000 Debt Servicing 113,700 30,000 (83,700)
Total 113,700 30,000 (83,700)
Total Expenses 2,156,335 2,667,382 508,047
Finance Surplus/(Deficit) (1,246,335) (1,802,482) 553,147
Kingborough Council Annual Plan 2016/17 Page | 98
Approved by Council on 27 June 2016