Annual Report 2014-15

More documents

Recommendations

Info

Financial Statements 2015 City of Wanneroo Notes to the Financial Statements for the year ended 30 June 2015 Note 14. Notes to the Statement of Cash flows $ Notes 2015 Actual 2015 Budget 2014 Actual (a). Reconciliation of Cash For the purposes of the Statement of Cash Flows, cash includes cash on hand and cash equivalents, net of outstanding bank overdrafts. Cash at the end of the reporting period is reconciled to the related items in the Statement of Financial Position as follows: Cash and Cash Equivalents 3 302,529,381 198,098,924 257,579,236 (b). Reconciliation of Net Cash Provided By Operating Activities to Net Result Net Result 103,442,355 52,937,908 101,599,078 Depreciation Fair Value Adjustment to Other Financial Assets at Fair Value (Profit)/Loss on Sale of Assets Share of Net (Profits) of Associates Impairment of Assets Town Planning Scheme Income (Inc. Interest) Town Planning Scheme Expenses Decrease/(Increase) in Receivables Decrease/(Increase) in Provision for Doubtful Debts Decrease/(Increase) in Inventories Increase/(Decrease) in Payables & Accruals Increase/(Decrease) in Other Provisions Grants/Contributions for the Development of Assets Net Cash from Operating Activities 37,294,753 32,050,000 30,094,147 - - 288,260 (6,676,386) (2,900,000) (4,642,656) (316,648) - (746,701) (2) - (112,426) (27,781,399) (22,946,125) (25,662,903) 2,521,538 15,902,000 3,748,041 240,347 - 761,261 190,578 - 418,316 (27,870) - 16,365 3,049,097 (50,000) (574,264) 1,462,650 50,000 764,218 (63,946,455) (42,972,750) (67,234,517) 49,452,558 32,071,033 38,716,219 (c). Undrawn Borrowing Facilities Credit Standby Arrangements Bank Overdraft Limit Bank Overdraft at Balance Date Credit Card Limit Credit Card Balance at Balance Date Total Amount of Credit Unused 1,000,000 1,000,000 1,000,000 - - - 50,000 50,000 62,000 (17,824) - (12,178) 1,032,176 1,050,000 1,049,822 Loan Facilities Loan Facilities - Non-Current Total Facilities in Use at Balance Date 10 60,778,188 60,778,188 60,778,188 60,778,188 60,778,188 60,778,188 page 59 196 | ANNUAL REPORT 2014/2015 | CITY OF WANNEROO | FINANCIAL REPORT
Financial Statements 2015 City of Wanneroo Notes to the Financial Statements for the year ended 30 June 2015 Note 15. Contingent Liabilities $ The following assets and liabilities do not qualify for recognition in the Statement of Financial Position, but their knowledge & disclosure is considered relevant to the users of Council's Financial Report. LIABILITIES NOT RECOGNISED: (i) Guarantees a) In line with the other equity holders in the Mindarie Regional Council (MRC) the City has accepted the contingent liability resulting from the provision of an irrevocable financial guarantee on behalf of Mindarie Regional Council (MRC) for its contractual liability to the Contractor undertaking the development of the Resource Recovery Facility. The extent of the City's contingent liability is proportional and several (not joint and several) and is limited to 1/6 of any subsequent payment to the Contractor. The maximum amount that may be payable by the City under the Guarantee is 1/6 of $163.9m amounting to $27.3m. The term of the guarantee is 20 years unless the MRC liability under the agreement with the contractor is fully extinguished earlier. This guarantee expires on 15 July 2019. b) The City compulsorily acquired a portion of land at Lot 3 (185) Mary Street Wanneroo under the Land City's valuation (expert and legal advice) is in the vicinity of $1,239,000, however the claimants' claim for compensation is $2,150,000. The City has paid $1,156,850 on 24 August 2012 yet the claimant is pursuing their claim. The matter has been mediated without resolution and will be scheduled for hearing in the Supreme Court. Subject to the decision of the Supreme Court, the City could be liable to pay the claimant the difference between what the City has already paid and the amount the claimant has claimed. c) The City compulsorily acquired a portion of land at Lot 6 (359) Gnangara Road Wangara under the Land Administration Act 1997 (WA) on 3 November 2010. The City's valuation (expert and legal advice) is in the vicinity of $1,623,000 however the claimants' claim for compensation is $5,110,600. The City has been paid $1,460,790 on 29 July 2011 yet the claimant has been pursuing their claim. The matter has been mediated without resolution and will be scheduled for hearing in the Supreme Court. Subject to the decision of the Supreme Court, the City could be liable to pay the claimant the difference between what the City has already paid and the amount the claimant has claimed. (ii) Bank Guarantees The City of Wanneroo currently holds bank guarantees of $28,218,132 (2014: $20,334,232) with respect to commercial customers and property developers. page 60 | ANNUAL REPORT 2014/2015 | CITY OF WANNEROO | FINANCIAL REPORT 197
Page 1 and 2:
CITY OF WANNEROO ANNUAL REPORT 2014
Page 3 and 4:
CONTENTS A message from the Mayor .
Page 5 and 6:
The Annual Report charts our progre
Page 7 and 8:
One important measure of our achiev
Page 9 and 10:
WELCOME TO THE ANNUAL REPORT 2014/1
Page 11 and 12:
THE CITY OF WANNEROO’S VISION AND
Page 13 and 14:
CITY PROFILE The City of Wanneroo i
Page 15 and 16:
The majority of this growth is expe
Page 17 and 18:
FINANCIAL HEALTH OVERVIEW 2014/15 R
Page 19 and 20:
OPERATING EXPENSES Operating expens
Page 21 and 22:
Regional Sporting Complex Baseball
Page 23 and 24:
Capital Expenditure Per Programme T
Page 25 and 26:
FINANCIAL POSITION Assets ASSETS 20
Page 27 and 28:
Operating Surplus Ratio This ratio
Page 29 and 30:
SERVICE DELIVERY OVERVIEW The City
Page 31 and 32:
City Council GOVERNANCE As one of A
Page 33 and 34:
YOUR COUNCIL Mayor Tracey Roberts J
Page 35 and 36:
Statement of Business Ethics The Ci
Page 37 and 38:
Council Meetings Dates during 2014/
Page 39 and 40:
DISBANDED COMMITTEES AND WORKING GR
Page 41 and 42:
Community Engagement Why We Engage
Page 43 and 44:
Local Business in Wanneroo Economic
Page 45 and 46:
2015 JAN FEB MAR APRIL MAY JUNE Glo
Page 47 and 48:
Corporate Governance Corporate gove
Page 49 and 50:
Kingsway indoor stadium Strategic R
Page 51 and 52:
INTERNAL AUDIT The City's internal
Page 53 and 54:
INJURY MANAGEMENT The focus for Inj
Page 55 and 56:
The Organisational Structure The Ci
Page 57 and 58:
OUR EMPLOYEES The City of Wanneroo
Page 59 and 60:
Staff by employment type (Number of
Page 61 and 62:
OUR PERFORMANCE Lenore Road | ANNUA
Page 63 and 64:
Level 1 provides for the 10-year St
Page 65 and 66:
PILLARS AND STRATEGIC OBJECTIVES EN
Page 67 and 68:
Community Satisfaction KPI 2012 201
Page 69 and 70:
Koondoola Community Centre construc
Page 71 and 72:
Proposed Yanchep Surf Live Saving C
Page 73 and 74:
PROJECT DESCRIPTION Project Status
Page 75 and 76:
Page 77 and 78:
Page 79 and 80:
Page 81 and 82:
OPERATIONAL ACTIONS PERFORMANCE The
Page 83 and 84:
INTERESTING FACTS INTERESTING FACTS
Page 85 and 86:
Our major achievements in 2014/15 S
Page 87 and 88:
SERVICE KEY PERFORMANCE INDICATOR S
Page 89 and 90:
CBP REF NO. CBP ACTIONS PROJECT DEL
Page 91 and 92:
PILLAR: SOCIETY Aspiration: Healthy
Page 93 and 94:
ACHIEVEMENTS, CHALLENGES AND FUTURE
Page 95 and 96:
Clarkson Library Libraries Almost 1
Page 97 and 98:
Integrated Infrastructure & Utility
Page 99 and 100:
• Launch the Live Work Play Wanne
Page 101 and 102:
Page 103 and 104:
4TH QUARTER (APRIL - JUNE 2015) CBP
Page 105 and 106:
Page 107 and 108:
PILLAR: ECONOMY Aspiration: Progres
Page 109 and 110:
Looking Ahead - 2015/16 CBP Operati
Page 111 and 112:
3.4 Smart communities Our major ach
Page 113 and 114:
Page 115 and 116:
Page 117 and 118:
City Council PILLAR: CIVIC LEADERSH
Page 119 and 120:
Tri Cities Alliance with Hon. Julie
Page 121 and 122:
Customer Relations Centre at City C
Page 123 and 124:
Page 125 and 126:
CBP OPERATIONAL ACTIONS The table b
Page 127 and 128:
Page 129 and 130:
Page 131 and 132:
CBP REF NO. 4.3 u 4.3 v 4.3 x 4.3 y
Page 133 and 134:
Other land transactions DATE Septem
Page 135 and 136:
in implementing its social communit
Page 137 and 138:
FINANCIAL REPORT | ANNUAL REPORT 20
Page 139 and 140:
Financial Statements 2015 City of W
Page 141 and 142:
Page 143 and 144:
Page 145 and 146: Financial Statements 2015 City of W
Page 149 and 150: NOTES TO THE FINANCIAL STATEMENTS F
Page 173 and 174: Financial Statements 2015 Financial
Page 195: Financial Statements 2015 City of W
Page 207 and 208: Financial Stateme Financial Stateme
Page 237: In making those risk assessments, t
show all

Annual Report 2014-15

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?