SHIRE OF GOOMALLING NOTES TO AND FORMING PART OF THE BUDGET FOR THE YEAR ENDED 30 JUNE 2018
3 NOTES TO THE STATEMENT OF CASH FLOWS
(a) Reconciliation of cash
For the purposes of the statement of cash flows, cash includes cash and cash equivalents, net of outstanding bank overdrafts. Estimated cash at the end of the reporting period is as follows:
2017/18 Budget $ 2016/17 Actual $ 2016/17 Budget $
Cash - unrestricted 155,119 502,220 24,267
Cash - restricted 1,049,576 1,094,258 1,101,693
1,204,695 1,596,478 1,125,960
The following restrictions have been imposed by regulation or other externally imposed requirements:
Long Service Leave141,303138,532138,536
Mortlock Lodge3,8133,7383,742
Plant Replacement188,912185,000195,589
Staff Housing56,16355,00058,161
Aged Care Reserve148,041145,138145,142
Vehicle Reserve102,262100,000113,080
Sewerage Reserve310,238304,155304,161
Community Bus Reserve58,60257,43758,260
Lcdc Reserve11,22711,00011,330
S/Pool Revitalisation Reserve065,57065,107
Emergency Fund Reserve005,000
S&R Co-Ordinator Al & Lsl Reserve16,69916,37116,372
1,037,2611,081,9421,114,481
(b) Reconciliation of net cash provided by operating activities to net result
Net result739,2071,119,6571,681,248
Depreciation1,400,1001,317,4251,400,450
(Profit)/loss on sale of asset177,48059,158(104,894)
Loss on revaluation of non current assets000
(Increase)/decrease in receivables237,684(19,762)0
(Increase)/decrease in inventories0960
Increase/(decrease) in payables(200,000)(251,173)(150,000)
Increase/(decrease) in employee provisions00(166,388)
Grants/contributions for the development of assets(1,771,098)(1,055,381)(1,797,703)
Net cash from operating activities583,3731,170,020862,713
Loss on revaluation of non current assets 0 0
(Increase)/decrease in receivables 237,684 (19,762)
(Increase)/decrease in inventories 0 96
operating activities to net result