Annual Plan 2016-17 - Approved by Council 27 June 2016
Kingborough Council 2016-17 Annual Plan
Kingborough Council 2016-17 Annual Plan
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Appendix E<br />
APPENDIX E<br />
Budget Worksheets<br />
BUDGET WORKSHEETS<br />
KINGBOROUGH COUNCIL<br />
Budget <strong>2016</strong>/<strong>17</strong><br />
Operating Statement - Summary<br />
New Budget<br />
<strong>2016</strong>/<strong>17</strong><br />
<strong>Annual</strong> Budget<br />
2015/16<br />
Variance<br />
Income<br />
Rates 23,535,000 22,603,528 931,472<br />
Levies 1,402,000 1,308,463 93,537<br />
Contributions 310,300 72,050 238,250<br />
Grants 3,782,287 3,710,900 71,387<br />
Other Income 1,1<strong>27</strong>,900 901,109 226,791<br />
Reimbursements 1,138,600 1,138,000 600<br />
User Charges 2,750,489 2,553,759 196,729<br />
Internal Transfers & Oncosts 570,000 565,500 4,500<br />
Total Income 34,616,576 32,853,310 1,763,266<br />
Expenses<br />
Employee Costs 13,878,564 12,506,981 (1,371,583)<br />
Levies 1,402,000 1,308,463 (93,537)<br />
Loan Interest 113,700 30,000 (83,700)<br />
Materials and Contracts 9,164,758 9,388,808 224,050<br />
Other Expenses 3,672,152 4,446,160 774,008<br />
Internal Transfers & Oncosts 571,580 570,018 (1,562)<br />
Total Expenses 28,802,754 28,250,430 (552,324)<br />
Net Operating Surplus/(Deficit) before: 5,813,822 4,602,880 1,210,942<br />
Depreciation 8,378,160 7,038,526 (1,339,634)<br />
Net Operating Surplus/(Deficit) before: (2,564,338) (2,435,646) (128,692)<br />
Interest 250,000 260,000 (10,000)<br />
Dividends 1,848,000 1,800,000 48,000<br />
Net Operating Surplus/(Deficit) (466,338) (375,646) (90,692)<br />
Grants - Capital 1,316,000 400,000 916,000<br />
Contributions - Capital 144,000 144,000 0<br />
Carrying Amount of Assets Retired (700,000) 0 (700,000)<br />
NET SURPLUS/(DEFICIT) 293,662 168,354 125,308<br />
Kingborough <strong>Council</strong> <strong>Annual</strong> <strong>Plan</strong> <strong>2016</strong>/<strong>17</strong> Page | 88<br />
<strong>Approved</strong> <strong>by</strong> <strong>Council</strong> on <strong>27</strong> <strong>June</strong> <strong>2016</strong>
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