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

5.2 Cash Flows from Operating Activities
The net cash flow from operating activities is estimated at $5.51M, an increase of $0.87M compared
to the forecasted 2015/16 result. The increase comprises receipts from ratepayers and users of
$0.950M, an increase in receipts from Government of $1.05M, offset by an increase in payments to
suppliers and staff of $1.08M and an increase in payments to Government $0.052M.
5.3 Cash Flows from Investing Activities
The 2016/17 capital works program for infrastructure assets is $13.35M. The program is funded by
the cash from operating activities $5.51M, interest $0.25M, dividends $1.85M, contributions of
$0.31M, proceeds from assets sales of $0.40M and borrowings.
5.4 Cash Flows from Financing Activities
Council has budgeted to borrow external funds of $6.0M to fund the development of the former
Kingston High School site. Details on the developments are contained in section 8 Analysis of Capital
Estimates.
5.5 Cash at End of Year
Overall the total cash and investments are forecast to increase by $0.90M, due to the significant
borrowings of $6.0M funding the works at the high school site.
5.6 Restricted and Unrestricted Cash and Investments
Cash and cash equivalents held by Council are restricted in part, and not fully available for Council’s
operations. The forecasted unrestricted cash balances for the two financial years are shown in the
following table:
Estimate Forecast
2016/17 2015/16
Restricted & Unrestricted Cash and Investments $'000 $'000
Total cash at year end 9,563 8,666
Restricted cash and investments
- Statutory reserves 1,100 1,083
- Carried forward capital funds 1,000 1,000
- Discretionary reserves 2,310 2,775
- Other commitments 1,000 1,000
Unrestricted cash at year end 4,153 2,808
Kingborough Council Annual Plan 2016/17 Page | 44
Approved by Council on 27 June 2016