Annual Report 2014-15

Financial Statements 2015
City of Wanneroo
Notes to the Financial Statements
for the year ended 30 June 2015
Note 32. Major Land Transactions (continued)
$
2015
Actual
2015 2014
Budget
Actual
Financial Position
ASSETS
Current Assets
Cash and Cash Equivalent Assets
Total Current Assets
19,359,923
19,359,923
11,938,073 10,890,578
11,938,073 10,890,578
TOTAL ASSETS
19,359,923
11,938,073 10,890,578
LIABILITIES
Current Liabilities
Trade and Other Payables
Total Current Liabilities
(2,021)
(2,021)
-
-
- -
TOTAL LIABILITIES
(2,021)
-
-
Net Assets
19,357,902
11,938,073 10,890,578
EQUITY
Accumulated Surplus
19,357,902
11,938,073
10,890,578
Total Equity
19,357,902
11,938,073
10,890,578
(xi) Berkley Road Local Structure Plan
The Berkley Road Local Structure Plan rationalises the drainage sumps, road system and open space
requirements for the residential development of the area. All subdividing landowners in the area pay a
development headworks levy to the City and those funds are used to compensate those owners who
actually provide the drainage, regional road and open space sites.
$
2015
Actual
2015 2014
Budget
Actual
Operating Income
Development Headworks Levy
Interest on Investments
Operating Expense
Compensation Payments
Consulting Fees
Administration Allocation
16,125 16,125
101,590 92,198
117,715 108,323
-
(3,678)
-
(3,678)
-
112,041
112,041
(50,000) -
(5,000) -
(23,000) (8,564)
(78,000) (8,564)
Net Result
114,037
30,323
103,477
page 85
222 | ANNUAL REPORT 2014/2015 | CITY OF WANNEROO | FINANCIAL REPORT