SHIRE OF GOOMALLING RATE SETTING STATEMENT FOR THE YEAR ENDED 30 JUNE 2018
| NOTE | 2017/18 Budget | 2016/17 Actual | 2016/17 Budget | |
|---|---|---|---|---|
| $ | $ | $ | ||
| Net current assets at start of financial year - surplus/(deficit) | 4 | 382,013 | 176,099 | 235,827 |
| 382,013 | 176,099 | 235,827 | ||
| Revenue from operating activities (excluding rates) | ||||
| Governance | 75,570 | 108,914 | 67,000 | |
| General purpose funding | 460,895 | 1,174,721 | 787,943 | |
| Law, order, public safety | 74,988 | 68,959 | 73,500 | |
| Health | 677,150 | 695,643 | 677,151 | |
| Education and welfare | 3,500 | 2,608 | 4,040 | |
| Housing | 243,060 | 263,367 | 386,094 | |
| Community amenities | 342,496 | 323,425 | 326,968 | |
| Recreation and culture | 187,011 | 177,932 | 165,673 | |
| Transport | 4,000 | 3,364 | 9,999 | |
| Economic services | 304,150 | 414,616 | 334,780 | |
| Other property and services | 268,501 | 333,780 | 631,358 | |
| 2,641,321 | 3,567,329 | 3,464,506 | ||
| Expenditure from operating activities | ||||
| Governance | (404,825) | (412,690) | (375,790) | |
| General purpose funding | (18,500) | (29,527) | (39,738) | |
| Law, order, public safety | (168,600) | (169,106) | (127,650) | |
| Health | (745,200) | (781,116) | (750,200) | |
| Education and welfare | (13,000) | (8,185) | (11,500) | |
| Housing | (245,760) | (247,430) | (207,700) | |
| Community amenities | (418,100) | (353,433) | (408,707) | |
| Recreation and culture | (605,170) | (600,718) | (578,320) | |
| Transport | (1,573,410) | (1,568,621) | (1,643,212) | |
| Economic services | (1,192,215) | (983,704) | (1,007,310) | |
| Other property and services | (103,122) | (85,690) | (168,700) | |
| (5,487,902) | (5,240,220) | (5,318,827) | ||
| Operating activities excluded from budget | ||||
| (Profit) on asset disposals | 6 | 0 | (6,498) | (104,894) |
| Loss on disposal of assets | 6 | 177,480 | 65,656 | 0 |
| Depreciation on assets | 2(a) | 1,400,100 | 1,317,425 | 1,400,450 |
| Movement in employee benefit provisions (non-current) | 2,772 | 3,768 | 0 | |
| Amount attributable to operating activities | (884,216) | (116,441) | (322,938) | |
| INVESTING ACTIVITIES | ||||
| Non-operating grants, subsidies and contributions | 15 | 1,771,098 | 1,055,381 | 1,797,703 |
| Purchase property, plant and equipment | 5 | (1,323,500) | (278,953) | (1,528,954) |
| Purchase and construction of infrastructure | 5 | (1,264,460) | (1,589,661) | (1,169,384) |
| Proceeds from disposal of assets | 6 | 250,000 | 261,506 | 316,000 |
| Amount attributable to investing activities | (566,862) | (551,728) | (584,635) | |
| FINANCING ACTIVITIES | ||||
| Repayment of borrowings | 7 | (554,470) | (523,704) | (575,445) |
| Proceeds from new borrowings | 7 | 270,000 | 0 | 0 |
| Repayment of Leases | (154,327) | (158,133) | (217,160) | |
| Proceeds from self supporting loans | 30,503 | 28,661 | 28,661 | |
| Transfers to cash backed reserves (restricted assets) | 9 | (22,190) | (61,771) | (66,348) |
| Transfers from cash backed reserves (restricted assets) | 9 | 66,872 | 27,961 | 0 |
| Amount attributable to financing activities | (363,612) | (686,986) | (830,292) | |
| Budgeted deficiency before general rates | (1,814,690) | (1,355,155) | (1,737,865) | |
| Estimated amount to be raised from general rates | 8 | 1,814,690 | 1,737,168 | 1,737,865 |
| Net current assets at end of financial year - surplus/(deficit) | 4 | 0 | 382,013 | 0 |
This statement is to be read in conjunction with the accompanying notes.