HORSHAM RURAL CITY COUNCIL


NOTES TO THE FINANCIAL REPORT (Cont.) FOR THE YEAR ENDED 30th JUNE, 2012


28 RATE DETERMINATION (a) Comparison of actuals for rate determination


EXPENSES Employee costs


Materials and contracts Bad and doubtful debts Interest Other


Transfers to reserves (excluding plant) Transfer to plant reserve


Plant and furniture and equipment purchases Capital works


Purchase investment property Loan redemption


Add asset donations Total


REVENUES General rates


Statutory fees and fines User charges Contributions


Reimbursements Other


Government grants


Proceeds from sales of developed land Proceeds from sales of council assets Transfer from plant reserve Transfers from reserves


Total Rate determination surplus (deficit)


(b) Reconciliation between rate determination result and increase/(decrease) in net assets resulting from operations Rate determination surplus/(deficit)


Plus transfers to reserves Less transfers from reserves


Plus Asset additions Capital works Plus asset donations


Plus purchase investment property Plus loan redemptions Less loan borrowings


2012 2011 $$


16,554,407 12,844,777 13,692,114 13,410,069 18,305


289,356 345,674


2,239,496 1,341,151 2,675,130


Page 39


8,916


250,311 271,675


1,625,092 1,301,621 1,281,478


------------------- --------------------


26,986,131 12,113,790 154,208 614,493 424,697


-


518,036 804,783


65,335,162 44,430,548 =========== ============


17,858,743 16,329,584 407,189


5,198,987 1,958,529 561,041


2,999,938 ------------------- --------------------


1,764,137 1,837,078


1,033,732 1,419,913


57,896,232 51,482,590 =========== ============


(7,438,930) 7,052,042 =========== ============


(7,438,930) 7,052,042 2,249,496


Plant and Furniture & Equipment purchases 2,675,130 424,697 154,208 614,493


Surplus on plant operating account before depreciation Less depreciation


Carrying cost of council assets sold/or written off Increase in net assets resulting from operations


363,728


4,544,273 1,771,166 1,040,214 2,810,574


24,144,476 22,017,595 373,636 792,478


- 151,811


1,635,092


(3,601,215) (2,453,645) 26,986,131 12,113,790


1,281,478 804,783 -


518,036


(1,000,000) (1,000,000) 1,331,152


------------------- --------------------


(9,289,953) (8,766,897) (889,350)


1,291,622 (211,082)


12,215,859 12,265,219 =========== ============


Horsham Annual Report 2011 - 2012


101


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