Annual Report 2014-15

FINANCIAL HEALTH OVERVIEW
2014/15 RESULTS OVERVIEW
2014/15
ACTUAL
($ MILLION)
VARIANCE
TO 2013/14
%
Total Operating Revenue 166.6 6%
Total Operating Expenses 159.3 6%
Result from Operations 7.2 0%
Total Assets 2,364.7 28%
Total Liabilities 97.4 5%
Net Assets 2,267.3 29%
Total Cash & Investments 316.9 17%
OPERATING REVENUE
The City's revenue is derived from various sources including rates, fees and charges, interest earnings, other revenue,
grants and contributions, a breakdown is shown below:
OPERATING REVENUE BY CATEGORY
2012/13
ACTUAL ($ MILLION)
2013/14
ACTUAL ($ MILLION)
2014/15
ACTUAL ($ MILLION)
Rates 100.4 111.4 120.5
Fess & Charges 23.7 23.3 20.1
Interest Earnings 9.6 8.8 8.5
Other Revenue 3.6 4.0 1.6
Operating Grants, Subsidies & Contributions 12.3 9.4 15.9
TOTAL 149.6 156.9 166.6
Actual Operating Revenue by Category
1%
5%
10%
0%
Rates, Levies & Charges
Fees and Charges
Interest & Investment Revenue
Other Income
Operating Grants, Subsidies & Contributions
12%
Service Charges
72%
Despite decreases in categories of Fees & Charges, Interest
Earnings and Other Revenue, Total Operating Revenue
for the 2014/15 financial year reflects a 6.2% increase
over 2013/14 and was in line with the budget. The largest
contributor by value is Rates which accounts for 72% and
grew by close to 8.2%, and exceeded the budget due to a
higher than anticipated level of growth.
| ANNUAL REPORT 2014/2015 | CITY OF WANNEROO | THE YEAR IN REVIEW
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