SHIRE OF GOOMALLING STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2018
| NOTE | 2017/18 Budget | 2016/17 Actual | 2016/17 Budget | |
|---|---|---|---|---|
| $ | $ | $ | ||
| CASH FLOWS FROM OPERATING ACTIVITIES | ||||
| Receipts | ||||
| Rates | 2,039,218 | 2,025,489 | 1,954,890 | |
| Operating grants, subsidies and contributions | 746,719 | 1,159,286 | 839,781 | |
| Fees and charges | 1,555,654 | 1,620,378 | 1,957,192 | |
| Interest earnings | 79,984 | 88,371 | 77,878 | |
| Goods and services tax | 300,000 | 385,149 | 450,000 | |
| Other revenue | 272,120 | 331,792 | 244,237 | |
| 4,993,695 | 5,610,465 | 5,523,978 | ||
| Payments | ||||
| Employee costs | (1,720,910) | (1,853,206) | (2,101,259) | |
| Materials and contracts | (1,483,732) | (1,290,176) | (1,142,731) | |
| Utility charges | (264,550) | (240,769) | (261,264) | |
| Interest expenses | (276,134) | (310,191) | (310,463) | |
| Insurance expenses | (206,470) | (176,396) | (210,480) | |
| Goods and services tax | (300,000) | (332,228) | (450,000) | |
| Other expenditure | (158,526) | (237,479) | (185,068) | |
| (4,410,322) | (4,440,445) | (4,661,265) | ||
| Net cash provided by (used in) operating activities | 3(b) | 583,373 | 1,170,020 | 862,713 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||||
| Payments for purchase of property, plant & equipment | 5 | (1,323,500) | (278,953) | (1,528,954) |
| Payments for construction of infrastructure | 5 | (1,264,460) | (1,589,661) | (1,169,384) |
| Non-operating grants, subsidies and contributions used for the development of assets | 1,771,098 | 1,055,381 | 1,797,703 | |
| Proceeds from sale of plant & equipment | 6 | 250,000 | 261,506 | 316,000 |
| Net cash provided by (used in) investing activities | (566,862) | (551,728) | (584,635) | |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||||
| Repayment of borrowings | 7 | (554,470) | (523,704) | (575,445) |
| Repayment of Finance leases | (154,327) | (158,133) | (217,161) | |
| Proceeds from self supporting loans | 30,503 | 28,659 | 28,661 | |
| Proceeds from new borrowings | 7 | 270,000 | 0 | 0 |
| Net cash provided by (used in) financing activities | (408,294) | (653,178) | (763,945) | |
| Net increase (decrease) in cash held | (391,783) | (34,885) | (485,867) | |
| Cash at beginning of year | 1,596,478 | 1,631,363 | 1,611,827 | |
| Cash and cash equivalents at the end of the year | 3(a) | 1,204,695 | 1,596,478 | 1,125,960 |
This statement is to be read in conjunction with the accompanying notes.