Financial Projections of VMC

Table 1. Projected Financial Statements of VMC based on Scenario 3 (Rs
lakhs)
2006-07

2007-08

2008-09

2009-10

2010-11

2011-12

CAGR

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

Solid Waste
Charges

442.47

594.62

772.76

989.03

1,265.84

1,620.12

30%

300.00

410.10

560.59

766.32

1,047.55

1,431.99

37%

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%

2,734.76

2,871.50

3,015.07

3,165.83

3,324.12

3,490.32

5%

31,655.92

35,352.70

39,213.63

43,345.74

48,034.58

53,380.56

11,205.00

11,625.19

12,061.13

12,513.42

12,982.68

13,469.53

4%

6,825.00

7,166.25

7,524.56

7,900.79

8,295.83

8,710.62

5%

142.55

149.68

157.16

165.02

173.27

181.93

5%

-

-

-

-

-

-

-

-

-

-

Revenue Income
A. Own Sources
1. Tax Income
Octroi

5%

Management

Street Light Charges
Sub total of taxes

B. Grants, Contributions
Grand Total Revenue
Income

11%

Revenue Expenditure
Establishment
Repair and Maintenance
Contingency
Interest Payments
Servicing

/

Debt
1,000.00

JNNURM Debt Servicing

-

Primary Education
Provision
for
developmental works

4,067.97

4,271.36

4,484.93

4,709.18

4,944.64

5,191.87

5%

949.68

1,060.58

1,176.41

1,300.37

1,441.04

1,601.42

11%

local

Additional O&M due to Cap
Ex (JNNURM)

-

-

Net Contribution to Revolving

-

-

Grand Total Revenue
Expenditure
Revenue account status
DSCR

-100%

-

-

-

-

4,633.20

6,842.81

8,292.07

10,467.74

24,190.19

24,273.06

30,037.40

33,431.60

36,129.53

39,623.11

7,465.73

11,079.64

9,176.23

9,914.15

11,905.05

13,757.45

10%
13%

8.47

Total Requirement of funds (in six years) for own share towards capital investment – Rs.57000 lacs
Total 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 (Rs
lakhs)
2006-07

2007-08

2008-09

2009-10

2010-11

2011-12

CAGR

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%

98.94

103.88

109.08

114.53

120.26

126.27

5%

-

-

-

-

-

-

300.00

410.10

560.59

766.32

1,047.55

1,431.99

37%

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%

2,734.76

2,871.50

3,015.07

3,165.83

3,324.12

3,490.32

5%

30,293.30

32,727.08

35,412.27

38,384.01

41,684.90

45,367.15

8%

11,205.00

11,625.19

12,061.13

12,513.42

12,982.68

13,469.53

4%

6,825.00

7,166.25

7,524.56

7,900.79

8,295.83

8,710.62

5%

142.55

149.68

157.16

165.02

173.27

181.93

5%

-

-

-

-

-

-

-

-

-

-

Revenue Income
A. Own Sources
1. Tax Income
Octroi

Other Direct Taxes
Solid Waste Management Charges
Street Light Charges
Sub total of taxes

B. Grants, Contributions
GRAND
INCOME

TOTAL

REVENUE

Revenue Expenditure
Establishment
Repair and Maintenance
Contingency
Interest Payments / Debt Servicing
JNNURM Debt Servicing

1,000.00
-

Primary Education

-100%

4,067.97

4,271.36

4,484.93

4,709.18

4,944.64

5,191.87

5%

Provision for local developmental
works

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

-

-

GRAND
TOTAL
EXPENDITURE
Revenue account status
DSCR

-

-

-

-

4,633.20

6,842.81

8,292.07

10,467.74

REVENUE
24,149.31

24,194.29

29,923.36

33,282.74

35,939.04

39,382.71

10%

6,143.98

8,532.79

5,488.91

5,101.27

5,745.86

5,984.44

-1%

7.14

Total Requirement of funds (in six years) for own share towards capital investment – Rs.57000 lacs
Total 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 (Rs
lakhs)
2006-07

2007-08

2008-09

2009-10

2010-11

2011-12

CAGR

Revenue Income
A. Own Sources
1. Tax Income
Octroi

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%

98.94

103.88

109.08

114.53

120.26

126.27

5%

-

-

-

-

-

-

300.00

410.10

560.59

766.32

1,047.55

1,431.99

37%

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%

2,734.76

2,871.50

3,015.07

3,165.83

3,324.12

3,490.32

5%

30,293.30

32,727.08

35,412.27

38,384.01

41,684.90

45,367.15

8%

11,205.00

11,625.19

12,061.13

12,513.42

12,982.68

13,469.53

4%

6,825.00

7,166.25

7,524.56

7,900.79

8,295.83

8,710.62

5%

142.55

149.68

157.16

165.02

173.27

181.93

5%

-

-

-

-

-

Other Direct Taxes
Solid Waste Management Charges
Street Light Charges
Sub total of taxes

B. Grants, Contributions
GRAND
INCOME

TOTAL

REVENUE

Revenue Expenditure
Establishment
Repair and Maintenance
Contingency
Interest Payments / Debt Servicing
JNNURM Debt Servicing

1,000.00
-

Primary Education

-

-

-

-

-100%

-

4,067.97

4,271.36

4,484.93

4,709.18

4,944.64

5,191.87

5%

Provision for local developmental
works

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

-

-

GRAND
TOTAL
EXPENDITURE
Revenue account status
DSCR

-

-

-

-

4,633.20

6,842.81

8,292.07

10,467.74

REVENUE
24,149.31

24,194.29

29,923.36

33,282.74

35,939.04

39,382.71

10%

6,143.98

8,532.79

5,488.91

5,101.27

5,745.86

5,984.44

-1%

7.14

Total Requirement of funds (in six years) for own share towards capital investment – Rs.57000 lacs
Total Availability of funds (in Six Years) for own share towards capital investment – Rs. 37000 lacs

Table 4. Projected Financial Statements of VMC based on Scenario 4 (Rs
lakhs)
2006-07

2007-08

2008-09

2009-10

2010-11

2011-12

CAGR

Revenue Income
A. Own Sources
1. Tax Income
Octroi

19,707.54

21,678.30

23,846.13

26,230.74

28,853.81

31,739.19

10%

Property Tax

5,443.35

6,291.03

7,031.14

7,739.12

8,518.39

9,376.13

11%

Water Tax / Charges

1,971.57

2,732.77

3,411.86

4,259.71

5,318.25

6,639.83

27%

Other Direct Taxes

98.94

103.88

109.08

114.53

120.26

126.27

Solid Waste Management Charges

442.47

656.46

941.85

1,330.82

1,880.42

2,657.00

43%

Street Light Charges

300.00

410.10

560.59

766.32

1,047.55

1,431.99

37%

27,963.87

31,872.53

35,900.65

40,441.24

45,738.68

51,970.41

13%

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

29,167.47

33,100.20

37,152.87

41,718.51

47,041.50

53,299.29

13%

2,734.76

2,871.50

3,015.07

3,165.83

3,324.12

3,490.32

5%

31,902.23

35,971.70

40,167.95

44,884.34

50,365.62

56,789.61

12%

11,205.00

11,625.19

12,061.13

12,513.42

12,982.68

13,469.53

4%

6,825.00

7,166.25

7,524.56

7,900.79

8,295.83

8,710.62

5%

142.55

149.68

157.16

165.02

173.27

181.93

5%

-

-

-

-

-

Sub total of taxes

B. Grants, Contributions
GRAND
INCOME

TOTAL

5%

REVENUE

Revenue Expenditure
Establishment
Repair and Maintenance
Contingency
Interest Payments / Debt Servicing
JNNURM Debt Servicing

1,000.00
-

Primary Education

-

-

-

-

-100%

-

4,067.97

4,271.36

4,484.93

4,709.18

4,944.64

5,191.87

5%

Provision for local developmental
works

957.07

1,079.15

1,205.04

1,346.53

1,510.97

1,703.69

12%

Additional O&M due to Cap Ex
(JNNURM)

-

-

Net Contribution to Revolving

-

-

GRAND
TOTAL
EXPENDITURE
Revenue account status
DSCR

-

-

-

-

4,633.20

6,842.81

8,292.07

10,467.74

REVENUE
24,197.58

24,291.63

30,066.03

33,477.75

36,199.46

39,725.38

10%

7,704.65

11,680.07

10,101.92

11,406.58

14,166.16

17,064.22

17%

8.70

Total Requirement of funds (in six years) for own share towards capital investment – Rs.57000 lacs
Total Availability of funds (in Six Years) for own share towards capital investment – Rs. 72200 lacs

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