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Financial Statements 20<strong>15</strong><br />
City of Wanneroo<br />
Notes to the Financial Statements<br />
for the year ended 30 June 20<strong>15</strong><br />
Note 32. Major Land Transactions (continued)<br />
$<br />
20<strong>15</strong><br />
Actual<br />
20<strong>15</strong> <strong>2014</strong><br />
Budget<br />
Actual<br />
Financial Position<br />
ASSETS<br />
Current Assets<br />
Cash and Cash Equivalent Assets<br />
Total Current Assets<br />
657,530<br />
657,530<br />
643,508 634,490<br />
643,508 634,490<br />
TOTAL ASSETS<br />
657,530<br />
643,508 634,490<br />
Net Assets<br />
657,530<br />
643,508<br />
634,490<br />
EQUITY<br />
Accumulated Surplus<br />
657,530<br />
643,508 634,490<br />
Total Equity<br />
657,530<br />
643,508<br />
634,490<br />
East Wanneroo Development Area - Cells 1 - 9<br />
The East Wanneroo Cells 1-10 provide for the development of the area generally east of Wanneroo Road between<br />
Hepburn Avenue and Flynn Drive. It will provide for residential, industrial and commercial subdivision/development<br />
to complement existing pockets of those land uses within the scheme area.<br />
The area consists of 10 cells, which provide for regional infrastructure including public open space and regional<br />
roads. The format, structure and funding aspects are subject to ongoing review . The costing mechanisms are<br />
yet to be finalised for Cell 9.<br />
ii) East Wanneroo Development Area - Cell 1<br />
$<br />
20<strong>15</strong><br />
Actual<br />
20<strong>15</strong> <strong>2014</strong><br />
Budget<br />
Actual<br />
Operating Income<br />
Headworks Levy<br />
Interest on Investments<br />
1,017,296<br />
939,590<br />
1,956,886<br />
1,000,000 826,737<br />
822,745 1,000,384<br />
1,822,745 1,827,121<br />
Operating Expense<br />
Compensation Payments - Public Open Space<br />
Consulting Fees<br />
Legal Fees<br />
Administration Allocation<br />
(50,454) (602,000) -<br />
(1,550) (1,000) -<br />
(80) (2,000) -<br />
(8,584) (23,000) (13,703)<br />
(60,668) (628,000) (13,703)<br />
Net Result<br />
1,896,218<br />
1,194,745 1,813,418<br />
page 76<br />
| ANNUAL REPORT <strong>2014</strong>/20<strong>15</strong> | CITY OF WANNEROO | FINANCIAL REPORT<br />
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