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FOP - Fin Proj VMC

FOP - Fin Proj VMC

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Published by Saurabh Suman

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Published by: Saurabh Suman on Oct 05, 2009
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08/25/2015

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Financial Projections of VMC
Table 1. Projected Financial Statements of VMC based on Scenario 3 (Rslakhs)
2006-072007-082008-092009-102010-112011-12CAGRevenue Income
A. Own Sources1. Tax IncomeOctroi 19,707.54 21,678.30 23,846.13 26,230.74 28,853.81 31,739.19 10%Property Tax 5,316.76 6,001.83 6,551.91 7,043.93 7,572.89 8,141.58 9%Water Tax / Charges 1,851.85 2,464.81 3,105.86 3,758.09 4,547.29 5,502.22 24%Other Direct Taxes 98.94 103.88 109.08 114.53 120.26 126.27 5%Solid Waste ManagementCharges 442.47 594.62 772.76 989.03 1,265.84 1,620.12 30%Street Light Charges 300.00 410.10 560.59 766.32 1,047.55 1,431.99 37%Sub total of taxes 27,717.56 31,253.53 34,946.33 38,902.65 43,407.64 48,561.37 12%2. Non- Tax Income 1,203.60 1,227.67 1,252.23 1,277.27 1,302.82 1,328.87 2%Total Own Sources 28,921.16 32,481.21 36,198.55 40,179.92 44,710.46 49,890.24 12%B. Grants, Contributions 2,734.76 2,871.50 3,015.07 3,165.83 3,324.12 3,490.32 5%
Grand Total RevenueIncome31,655.9235,352.7039,213.6343,345.7448,034.5853,380.5611%Revenue Expenditure
Establishment 11,205.00 11,625.19 12,061.13 12,513.42 12,982.68 13,469.53 4%Repair and Maintenance 6,825.00 7,166.25 7,524.56 7,900.79 8,295.83 8,710.62 5%Contingency 142.55 149.68 157.16 165.02 173.27 181.93 5%Interest Payments / DebtServicing 1,000.00 - - - - - -100%JNNURM Debt Servicing - - - - - -Primary Education 4,067.97 4,271.36 4,484.93 4,709.18 4,944.64 5,191.87 5%Provision for localdevelopmental works 949.68 1,060.58 1,176.41 1,300.37 1,441.04 1,601.42 11%Additional O&M due to CapEx (JNNURM) - - - - - - Net Contribution to Revolving - - 4,633.20 6,842.81 8,292.07 10,467.74
Grand Total RevenueExpenditure24,190.1924,273.0630,037.4033,431.6036,129.5339,623.1110%Revenue account status 7,465.73 11,079.64 9,176.23 9,914.15 11,905.05 13,757.45 13%DSCR 8.47
Total Requirement of funds (in six years) for own share towards capital investment – Rs.57000 lacsTotal Availability of funds (in Six Years) for own share towards capital investment – Rs. 63300 lacs
 
Table 2. Projected Financial Statements of VMC based on Scenario 1 (Rslakhs)
2006-072007-082008-092009-102010-112011-12CAGRevenue Income
A. Own Sources1. Tax IncomeOctroi 19,707.54 21,678.30 23,846.13 26,230.74 28,853.81 31,739.19 10%Property Tax 4,798.80 4,913.49 5,030.92 5,151.16 5,274.27 5,400.33 2%Water Tax / Charges 1,449.66 1,522.14 1,598.25 1,678.16 1,762.07 1,850.17 5%Other Direct Taxes 98.94 103.88 109.08 114.53 120.26 126.27 5%Solid Waste Management Charges - - - - - -Street Light Charges 300.00 410.10 560.59 766.32 1,047.55 1,431.99 37%Sub total of taxes 26,354.94 28,627.91 31,144.97 33,940.92 37,057.97 40,547.95 9%2. Non- Tax Income 1,203.60 1,227.67 1,252.23 1,277.27 1,302.82 1,328.87 2%Total Own Sources 27,558.54 29,855.58 32,397.19 35,218.19 38,360.78 41,876.83 9%B. Grants, Contributions 2,734.76 2,871.50 3,015.07 3,165.83 3,324.12 3,490.32 5%GRAND TOTAL REVENUEINCOME 30,293.30 32,727.08 35,412.27 38,384.01 41,684.90 45,367.15 8%
Revenue Expenditure
Establishment 11,205.00 11,625.19 12,061.13 12,513.42 12,982.68 13,469.53 4%Repair and Maintenance 6,825.00 7,166.25 7,524.56 7,900.79 8,295.83 8,710.62 5%Contingency 142.55 149.68 157.16 165.02 173.27 181.93 5%Interest Payments / Debt Servicing 1,000.00 - - - - - -100%JNNURM Debt Servicing - - - - - -Primary Education 4,067.97 4,271.36 4,484.93 4,709.18 4,944.64 5,191.87 5%Provision for local developmentalworks 908.80 981.81 1,062.37 1,151.52 1,250.55 1,361.01 8%Additional O&M due to Cap Ex(JNNURM) - - - - - - Net Contribution to Revolving - - 4,633.20 6,842.81 8,292.07 10,467.74GRAND TOTAL REVENUEEXPENDITURE 24,149.31 24,194.29 29,923.36 33,282.74 35,939.04 39,382.71 10%Revenue account status 6,143.98 8,532.79 5,488.91 5,101.27 5,745.86 5,984.44 -1%DSCR 7.14
Total Requirement of funds (in six years) for own share towards capital investment – Rs.57000 lacsTotal Availability of funds (in Six Years) for own share towards capital investment – Rs. 37000 lacs
 
Table 3. Projected Financial Statements of VMC based on Scenario 2 (Rslakhs)
2006-072007-082008-092009-102010-112011-12CAGRevenue Income
A. Own Sources1. Tax IncomeOctroi 19,707.54 21,678.30 23,846.13 26,230.74 28,853.81 31,739.19 10%Property Tax 4,798.80 4,913.49 5,030.92 5,151.16 5,274.27 5,400.33 2%Water Tax / Charges 1,449.66 1,522.14 1,598.25 1,678.16 1,762.07 1,850.17 5%Other Direct Taxes 98.94 103.88 109.08 114.53 120.26 126.27 5%Solid Waste Management Charges - - - - - -Street Light Charges 300.00 410.10 560.59 766.32 1,047.55 1,431.99 37%Sub total of taxes 26,354.94 28,627.91 31,144.97 33,940.92 37,057.97 40,547.95 9%2. Non- Tax Income 1,203.60 1,227.67 1,252.23 1,277.27 1,302.82 1,328.87 2%Total Own Sources 27,558.54 29,855.58 32,397.19 35,218.19 38,360.78 41,876.83 9%B. Grants, Contributions 2,734.76 2,871.50 3,015.07 3,165.83 3,324.12 3,490.32 5%GRAND TOTAL REVENUEINCOME 30,293.30 32,727.08 35,412.27 38,384.01 41,684.90 45,367.15 8%
Revenue Expenditure
Establishment 11,205.00 11,625.19 12,061.13 12,513.42 12,982.68 13,469.53 4%Repair and Maintenance 6,825.00 7,166.25 7,524.56 7,900.79 8,295.83 8,710.62 5%Contingency 142.55 149.68 157.16 165.02 173.27 181.93 5%Interest Payments / Debt Servicing 1,000.00 - - - - - -100%JNNURM Debt Servicing - - - - - -Primary Education 4,067.97 4,271.36 4,484.93 4,709.18 4,944.64 5,191.87 5%Provision for local developmentalworks 908.80 981.81 1,062.37 1,151.52 1,250.55 1,361.01 8%Additional O&M due to Cap Ex(JNNURM) - - - - - - Net Contribution to Revolving - - 4,633.20 6,842.81 8,292.07 10,467.74GRAND TOTAL REVENUEEXPENDITURE 24,149.31 24,194.29 29,923.36 33,282.74 35,939.04 39,382.71 10%Revenue account status 6,143.98 8,532.79 5,488.91 5,101.27 5,745.86 5,984.44 -1%DSCR 7.14
Total Requirement of funds (in six years) for own share towards capital investment – Rs.57000 lacsTotal Availability of funds (in Six Years) for own share towards capital investment – Rs. 37000 lacs

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