HORSHAM RURAL CITY COUNCIL
STANDARD INCOME STATEMENT FOR THE YEAR ENDED 30th JUNE, 2012
VARIANCE EXPLANATION REPORT Ref.
Item
1Statutory fees and fines An increase in parking infringement revenue and town planning permit fees contributed to additional revenue.
2 Government grants - recurrent Actual income includes $2m of unbudgeted grants from the Country Roads and Bridges Program, and the early 50% payment of the 12/13 Grants Commission allocation which was received 9th June 2012.
3 Government grants - non-recurrent The 2011/12 budget included two large non-recurrent capital works projects which would attract one off grant funding. Grants of $6m were expected for the town hall redevelopment and $8.5m for the intermodal freight hub. The town hall redevelopment has not started construction and therefore further grant funding was not received. The freight hub is nearing completion, with only $4.5m income from grants being received during the year. Also further grants of $5.8m were recognised for flood recovery activities and restoration works at 30th June 2012.
4Contributions Extra revenue were received from several unplanned road contributions $150,000. Unexpected additional contributions were also received for Wimmera Intermodal Freight Hub of $250,000. Also additional contributions of $365,000 were also received from community groups to match grant funding received.
5 Contributions - non monetary Additional road infrastructure assets valued at an extra $150,000 were completed by developers and recognised by Council, exceeding the $200,000 budget expectation. Also $50,000 of additional infrastructure constructed by a community organisation was brought to account.
6Other revenue Unexpected supplementary works were provided to Vic additional $200,000. Council also completed admpleted additional exter additional revenue of $370,000.
370,000.
7 Net gain/(loss) on disposal of property, plant and d
8Employe
of industrial land being made Employee expenses
Council was required to r
9 Bad and doubtfful debt A small nu
l debts all number of non-collectable general debts we ctable general debts were written off during the year. , plant an equipment, infrastructureur
Increased interest in Council's newly developed stage 3 of Horsham Enterprise Estate, saw extra sales g made.
recognise the additional unfunded June 2012. Counc. Council also recognised an ac ed an accural for employee expenses
unded superannuation expense of $3.07m at 30th s of $26
$265,000 at 30th June 2012. to Vicroads
roads on their road network, this generated an rnal r
ad ne rechargeable works earning
Page 4 Pag
Horsham Annual Report 2011 - 2012
55
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