#REF! #REF! #REF! #REF! #REF!

Total Non-Current Assets #REF! #REF! 816,011 847,714 #REF!

Total Non-Current Liabilities #REF! #REF! 25,070 28,429 18,685

Net Assets #REF! #REF! #REF! #REF! #REF!

#REF! #REF! #REF! #REF! #REF!
Ratepayers Equity
Accumulated Surplus #REF! #REF! 661,648 678,482 709,832
Asset revaluation Reserve #REF! #REF! 131,931 131,075 318,605
Reserves #REF! #REF! 14,877 17,960 25,435
#REF! #REF! 808,456 827,517 1,053,872
#REF! #REF! #REF! #REF! #REF!

FUNDS STATEMENT
Cash Flow from Operations #REF! #REF! #REF! #REF! #REF!
Net Outflow from Capital
Expenditure #REF! #REF! #REF! #REF! #REF!

Net Cash Generation #REF! #REF! #REF! #REF! #REF!

Inflows
Recurrent Income #REF! #REF! #REF! #REF! #REF!
Capital Grants/Asset Sales #REF! #REF! #REF! #REF! #REF!
Total Inflows #REF! #REF! #REF! #REF! #REF!

Outflows
Recurrent - Operating #REF! #REF! #REF! #REF! #REF!
Non-Recurrent - Operating #REF! #REF! #REF! #REF! #REF!
Capital Expenditure #REF! 22,408 28,301 40,978 35,555
Total Outflows #REF! #REF! #REF! #REF! #REF!

#REF! #REF! #REF! #REF! #REF!

Add Movement in Working Capital #REF! -8,629 -3,639 2,976 -177

Net Cash Generated / (Applied) #REF! #REF! #REF! #REF! #REF!

Budget 2000/01 1
60% General Rate Revenue

Debt Servicing to General Rates

Debt Commitment to Total Rates (Target 5%)

Interest to Total Revenue

Closing Loan Balance

Asset Turnover
Revenu
Assets

Turnove
r Ratio

Financial Leverage
Assets
Equity

Leverage Ratio

Recurrent Surplus
Recurrent
Revenue
Recurrent Surplus
%
Employee Costs
Rates excluding garbage
Salaries to Rates

Outstanding Loans
60% Total Rate Revenue
Current Assets to
Current Liabilities
Cash Position
Working Capital
Requirement
Capital Renewal
Renewal and upgrade
Upgrad
e
New Capital
Total Capital Expenditure
Depreciation
Asset Sales
Cap Inc / Devr Cont/Loans/Asset Sales
New Loans
Total Capital Funding

Internal Funding
Internal and external funding ex loans
Total Funding inc Loans

General Rates + Municipal

Charge
General Rate Income
Increase
CPI Increases
Employee Costs
Capital Expenditure

Base Program
Leisurelink
Bellarine Pool
Conference Centre
Vines Road Centre
Civic Accommodation
Libraries
Western Wedge
New Infrastructure
Infrastructure renewal
Councillor Priorities
Other
Capital Expenditure

Outstanding Loans
60% Total Rate Revenue
 2007/08 2008/09 2009/10 2010/11 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18

58,753 62,901 66,046 69,348 72,816 76,457 80,279 84,293 88,087 92,050

6.58% 1.98% 4.20% 4.72% 4.93% 6.46% 6.84% 6.89% 6.95% 6.03%
5.09% 5.19% 1.58% 3.37% 3.79% 3.97% 5.21% 5.53% 5.58% 5.64% 4.90%

#REF! 0.78% 0.95% 1.10% 1.22% 1.19% #REF! #REF! #REF! #REF! #REF!

16,210 20,876 31,211 32,068 33,193 47,994 62,020 61,161 55,095 48,593 43,347

#REF! 299,411 320,859 331,989 343,563 355,988 #REF! #REF! #REF! #REF! #REF!
1,292,257 1,646,389 1,703,595 1,744,991 1,784,382 1,814,432 #REF! #REF! #REF! #REF! #REF!

#REF! 0.18 0.19 0.19 0.19 0.20 #REF! #REF! #REF! #REF! #REF!

1,325,923 1,712,238 1,765,963 1,812,421 1,854,231 1,884,306 #REF! #REF! #REF! #REF! #REF!
1,266,923 1,624,473 1,657,607 1,699,716 1,728,050 1,754,192 #REF! #REF! #REF! #REF! #REF!

1.05 1.05 1.07 1.07 1.07 1.07 #REF! #REF! #REF! #REF! #REF!

#REF! - 14,607 1,830 - 347 - 586 - 494 #REF! #REF! #REF! #REF! #REF!
#REF! 299,411 320,859 331,989 343,563 355,988 #REF! #REF! #REF! #REF! #REF!

#REF! -4.9% 0.6% -0.1% -0.2% -0.1% #REF! #REF! #REF! #REF! #REF!

#REF! 131,047 140,049 145,839 151,865 158,134 #REF! #REF! #REF! #REF! #REF!
#REF! 176,627 185,123 192,644 200,508 208,818 #REF! #REF! #REF! #REF! #REF!
#REF! 74% 76% 76% 76% 76% #REF! #REF! #REF! #REF! #REF!

21.06 26.24 36.03 32.67 32.79 34.36 45.07 42.07 38.33 31.09 24.13
#REF! 105.98 111.07 115.59 120.30 125.29 #REF! #REF! #REF! #REF! #REF!
0.83 1.40 1.14 1.23 1.20 1.19 #REF! #REF! #REF! #REF! #REF!

0.80 0.80 0.80 0.80 0.80 0.80 0.80 0.80 0.80 0.80 0.80
18,439 45,921 42,165 46,883 48,995 48,712 #REF! #REF! #REF! #REF! #REF!
20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000

18,044 18,524 #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF!
38,102 29,615 #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF!
20,058 11,091 #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF!
39,813 38,973 #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF!
77,915 68,588 #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF!
#REF! 52,632 55,311 57,662 60,112 62,667 #REF! #REF! #REF! #REF! #REF!
7,207 2,289 3,435 2,113 2,153 2,194 2,153 2,194 2,236 2,279 2,323
11,125 32,307 43,488 36,066 38,336 27,047 32,006 19,047 19,089 15,132 15,176
9,625 - 27,200 21,100 23,330 12,000 17,000 4,000 4,000 - -
#REF! 87,228 129,434 116,941 123,931 103,908 #REF! #REF! #REF! #REF! #REF!

#REF! 54,921 58,746 59,775 62,265 64,861 #REF! #REF! #REF! #REF! #REF!
#REF! 87,228 102,234 95,841 100,601 91,908 #REF! #REF! #REF! #REF! #REF!
#REF! 87,228 129,434 116,941 123,931 103,908 #REF! #REF! #REF! #REF! #REF!

89,736 105,547 112,881 118,445 124,283 130,410 136,840 143,588 150,670 157,399 164,429
7.70% 8.46% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 4.50% 4.50%
3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%
#REF! 131,047 140,049 145,839 151,865 158,134 #REF! #REF! #REF! #REF! #REF!
2007/2008 2008/2009 2009/2010 2010/2011 2011/2012 2012/2013 2013/2014 2014/2015 2015/2016 2016/2017 2017/2018

#REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF!
8,000 16,643 0 0 0 0 0 0 0 0 0
5,375 3,020 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0
#REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF!
2,760 1,250 1000 4000 16,000 16,000 3,000 0 0 0 0
0 0 0 800 4,000 4,000 4,000 4,000 3,200 0 0

6,000 6,000 6,200 10,000 8,000 6,000 6,000 6,000 6,000 6,000 6,000
#REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF!
6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,001
#REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF!
57,316 75,243 77,680 62,118 65,775 69,703 57,029 56,626 56,426 49,027 45,631

2003/04 2004/05 2005/06 2006/07 2007/08 2008/09 2009/10 2010/11 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18
15.86 12.49 15.91 21.06 26.24 36.03 32.67 32.79 34.36 45.07 42.07 38.33 31.09 24.13 ###
42.59 44.93 #REF! #REF! #REF! 105.98 111.07 115.59 120.30 125.29 #REF! #REF! #REF! #REF! #REF!
Summary - Projected Budget 2009-2010
Operating Cash Balance Loan Renewal
Surplus Opening Closing Balance Current Backlog
$000's $000's $000's $000's Ratio $000's

Projected Budget 2009-2010 - As per Resource Plan 2,165 23,588 32,630 36,509 1.16 6.47

Projected Budget 2009-2010 - Optional Parameters 1,830 23,588 42,165 36,033 0.92 8.30
60% rate
Target 1% Surplus 22,000 1.0 < $5m
revenue

2009-2010 2009-2010
Parameters Resource
Plan
Options

Rate Revenue - Growth 1.5% 2.4%

- Increase 4.5% 4.0%

Salary Costs - EBA 4.8% 4.4%

Land Sales - Net $'000s Per Resource Plan 12,570 2,490

Latest Estimate

Capital Affordability 2009-2010

Total Net Capital Expenditure 39,785

Affordability
Depreciation 55,311
Less Loan Principle (2,704)
Developer Cash Contributions (Untied) 5,980
New Loans - Civic Accomodation 1,000
- City Library 0
- Leisurelink 0
Total Funding Available 59,587
Surplus/(Shortfall) (Excl. Asset Sales & Recurrent Surplus) 19,802
Target 0
Strategic Resource Plan
2011-2012 to 2014-2015

The Strategic Resource plan has been prepared from assumptions incorporated in 2011-2012
budget and other applicable assumptions to develop additional 3 years forecast.

The Plan can be assessed within the context of financial sustainability indicators whereby
satisfactory targets are set. Council monitors four main indicators which are as follows:

Underlying result - > 1% of turnover

· A positive underlying result means sufficient revenue has been generated to fund operations and undertake
asset renewal. Underlying revenue is defined as recurrent revenue and results > 1% represents additional
funding for Capital works program or increase to working capital.

Liquidity - > 1
· Working capital ratio indicates short term viability issues with sufficient current assets to cover current liabilities.
A ratio of one or more means there is more cash and liquid assets than short term liabilities.

Indebtedness - < 60% of own source revenue (Rate revenue)

· The level of debt directly impacts on ability to repay from own source revenue. The Auditor General has
established that debt levels greater than 60% represents potential for longer term concern over ability to repay
debt.

Renewal Gap
· The ratio of renewal and upgrade expenditure to depreciation compares replacement of existing assets to
depreciation. The percentage of renewal / upgrade capital expenditure is a long term indicator and averages
88% over the last 5 years. This trend indicates spending on existing assets is less than the depreciation rate.

Operating Statement - (additional assumptions)

· CPI of 3% each year.
· Rates income increases following budget year are 4.9% in 2012-2013 and 4.5% in 2013-2014 and 2014-2015
with growth of 1.5% each year.

· Municipal charge increases at 3% in line with CPI in the years following the budget year and garbage charge
increases at 4% in line with CPI in the years following the budget year dependent on environmental assurance
and new processing contracts.

· Government Grants to increase by CPI after the budget year.

· User Fees and Charges have been adjusted for one off items. Remaining user fees and charges are to increase
by CPI in the years following the budget year .

· Other Fees and Charges including statutory charges to increase by CPI in the years following the budget.

· Salaries estimate include EBA increases, banding increases growth positions and service changes linked to
external funding sources.
· Materials and Plant & Vehicles expenditure has increased by CPI and General Works by CPI per year after the
budget year in addition to lump sum increments to incorporate growth.
· Interest Expense has increased according to the borrowing strategy. Council will borrow in line with expenditure
on nominated major projects as listed below.
· Depreciation has increased between 4.2% and 5.5% to cover new assets constructed and vested in Council.
· Provision for Corio Landfill will continue until 2013 when operations at the site will be completed and the site will
be rehabilitated.
· Asset Sales include sales reasonably expected to eventuate.
· Recognition of Infrastructure from Developers is projected at $15M p.a. for 2012-2013 through to 2014-2015.

3-9
2010-2011 Budget - City of Greater Geelong
Balance Sheet
· Debtors have increased $0.3M per year in line with increased rates collectables after 2011-2012.
· Creditors have increased $0.4M per year in line with increased cost of goods after 2011-2012.
· Employee Benefit Provisions have increased $1.0M per year.

Capital Expenditure
2011-2012 2012-2013 2013-2014 2014-2015
Major Initiatives $'000 $'000 $'000 $'000
Projects 48,943 45,340 45,731 53,726
Civic Accommodation 20,000 0 0 0
Geelong Library & Heritage Centre 0 1,500 10,000 8,500
Yarra St Pier 0 5,300 5,300 4,300
Armstrong Creek / Projects General 0 7,000 2,000 1,000
Geelong Ring Road Employment Precinct 3,024 4,667 600 600
Leopold Community Hub 500 8,000 7,200 0
Ocean Grove - Children & Family Centre 3,000 5,250 0 0
North Shore Family Hub 0 3,000 3,000 0
Ocean Grove Infrastructure Plan 1,500 4,500 0 0
Corio Landfill Rehabilitation 1,820 3,850 5,130 0
Plus Carry Over from previous year 24,000 17,000 19,000 18,000
Less Carry Over to next year (17,000) (19,000) (18,000) (17,000)
Capital Expenditure 85,787 86,407 79,961 69,126

Loans
Loans are tied to expenditure on specific projects
2011-2012 2012-2013 2013-2014 2014-2015
$'000 $'000 $'000 $'000
Civic Accommodation 20,000 0 0 0
Geelong Ring Road Employment Precinct 2,700 0 0 0
Ocean Grove Infrastructure Plan 1,000 1,000 0 0
Community Facilities 3,500 13,800 8,700 2,500
City Library 0 1,500 10,000 8,500
Armstrong Creek 0 2,000 500 1,000
Corio Landfill Rehabilitation 0 2,850 4,130 0
Total Loans 27,200 21,150 23,330 12,000

Financial Sustainability Indicators

Budget 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015

Working Capital Ratio 1.28 1.14 1.23 1.20 1.19

Underlying Result 8.1% 3.5% 9.4% 4.6% 3.7%
Indebtedness 22.1% 30.4% 30.8% 33.9% 33.8%
Renewal Gap 79.0% 73.0%
The cumulative additional renewal capital from 2010-2011 base
$0.5M $2.0M $2.5M $2.5M

3-10
2010-2011 Budget - City of Greater Geelong
BUDGETED INCOME STATEMENT
4 Year Plan
Budget Projection Budget Plan Plan Plan
2015-2016 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020
$'000 $'000 $'000 $'000 $'000 $'000
RECURRENT INCOME
Rates and Charges 192,223 193,384 202,724 210,949 219,545 228,617
Government Grants 47,090 37,094 46,046 47,197 48,377 49,587
User Charges 50,562 48,891 52,544 53,858 55,204 56,584
Other Fees and Charges 10,939 11,481 11,398 11,683 11,975 12,274
Sundry Income 6,246 6,595 6,246 6,402 6,562 6,726
Interest Investments 1,601 1,966 1,901 1,900 1,900 2,200

Total Recurrent Income 308,661 299,411 320,859 331,989 343,563 355,988

RECURRENT EXPENDITURE
Employee Related
Salaries 130,543 129,049 137,766 143,488 149,443 155,639
Workcover 2,288 1,998 2,283 2,351 2,422 2,495
132,831 131,047 140,049 145,839 151,865 158,134
Goods and Services
General Works - Materials 8,209 8,375 7,922 8,120 8,323 8,531
General Works - Plant, Vehicle Costs 7,628 7,191 7,237 7,418 7,603 7,794
General Works - External Services 78,836 85,273 83,201 86,729 88,790 91,347
Administration 8,110 8,371 8,136 8,339 8,548 8,761
Interest Expense 3,487 2,916 3,652 4,321 4,604 4,600
Professional Services 5,951 7,953 4,253 4,359 4,468 4,580
Utilities 9,222 9,642 9,552 9,791 10,036 10,286
121,443 129,721 123,953 129,077 132,372 135,899

Depreciation 53,035 52,632 55,311 57,662 60,112 62,667

Landfill Provision 1,003 1,003 0 0 0 0
(Gain)/Loss on Sale of Plant & (400) (385) (284) (242) (200) (218)
Equipment

Total Recurrent Expenditure 307,912 314,018 319,029 332,336 344,150 356,482

Recurrent Surplus / (Deficit) 749 (14,607) 1,830 (347) (586) (494)

NON-RECURRENT INCOME
Capital Grants and Income 21,533 31,555 22,293 14,190 6,891 5,130
Developer Cash Contributions 3,010 3,010 5,980 7,740 10,940 11,290
Gain / (Loss) on Sale of Property 1,679 7,535 1,742 7,344 30 30
Recognition of Infrastructure 34,500 34,500 34,500 30,000 15,000 15,000
Total Non-Recurrent Income 60,722 76,600 64,515 59,274 32,861 31,450

NON-RECURRENT EXPENDITURE
Loss on Disposal of Infrastructure 5,290 5,290 5,290 3,000 3,000 3,500
Unfunded Superannuation 0 0 0 9,000 0 0
Disbursements 0 0 6,000 0 0 3,000
Total Non-Recurrent Expenditure 5,290 5,290 11,290 12,000 3,000 6,500

Non-Recurrent Surplus / (Deficit) 55,432 71,310 53,225 47,274 29,861 24,950

NET SURPLUS / (DEFICIT) 56,181 56,703 55,055 46,927 29,275 24,456

3-4
2016-2017 Budget - City of Greater Geelong
STANDARD CAPITAL WORK STATEMENT
4 Year Plan
2011-2012 Budget 2012-2013 Plan 2013-2014 Plan 2014-2015 Plan

Gross Gross Gross Gross

Expenditure Income Net Cost Expenditure Income Net Cost Expenditure Income Net Cost Expenditure Income Net Cost
Project Category $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
Infrastructure Leisure 10,390 560 9,830
Roads 11,443 2,300 9,143
Fleet 4,471 1,735 2,736
Buildings 29,859 584 29,275
Drainage 4,362 470 3,892
Computer Equipment 1,622 0 1,622
Streetscapes 169 0 169
Footpaths 2,255 0 2,255
Miscellaneous 2,451 0 2,451
Kerb & Channel 1,030 0 1,030
Land 73 0 73
Waste Collection 2,723 500 2,223
Plant & Equipment 192 0 192
Special Rates and Charges Program 3,708 2,111 1,597
Geelong Ring Road Employment Precinct 3,024 0 3,024
Water Saving Initiatives 942 520 422

TOTAL 78,714 8,780 69,934 88,407 29,456 58,951 78,961 15,385 63,576 68,126 12,959 55,167
Reconciliation
Design 7 7 0 0 0 0
Construction 66 66 0 0 0 0
Asset Sales Income 0 0 0 0 0
Plant Replacement Program (1,735) 1,735 (2,013) 2,013 (2,053) 2,053 (2,094) 2,094
Landfill Provision (1,820) 0 (1,820) 0 0 0
Carry over from Previous Year 24,000 0 24,000 17,000 0 17,000 19,000 0 19,000 18,000 0 18,000
Carry over to Next Year (17,000) 0 (17,000) (19,000) 0 (19,000) (18,000) 0 (18,000) (17,000) 0 (17,000)
TOTAL 5,253 (1,663) 6,915 (2,000) (2,013) 13 1,000 (2,053) 3,053 1,000 (2,094) 3,094
OPERATING STATEMENT TOTAL 83,967 7,118 76,849 86,407 27,443 58,964 79,961 13,332 66,629 69,126 10,865 58,261

3-4
2011-2012 Budget - City of Greater Geelong
STANDARD STATEMENT OF CASH FLOW
4 Year Plan
Budget Projection Budget Plan Plan Plan
2010-2011 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015
$000's $000's $000's $000's $000's $000's
Cash Flows from Operating Activities
Receipts
General Rates 140,227 141,366 150,132 158,807 167,988 177,757

Fees and Charges 54,572 65,947 59,432 60,598 62,400 64,170

GST Recoveries on Operating Transactions 5,627 5,627 5,627 5,627 5,627 5,627

Investment Income 1,601 3,208 2,101 1,601 1,601 1,600

Government Grants 38,579 35,621 40,804 41,975 43,183 44,425

240,606 251,769 258,096 268,608 280,799 293,579

Payments
Employee Costs (93,810) (98,328) (101,302) (108,761) (114,535) (120,676)

General Works / Utilities / Disbursements (88,206) (102,242) (95,309) (95,606) (98,327) (101,729)

Administration / Professional Services (10,651) (12,427) (11,215) (11,008) (11,310) (11,621)

Interest Expense (2,376) (2,376) (2,446) (4,605) (5,931) (6,864)

(195,043) (215,373) (210,272) (219,980) (230,103) (240,890)

Net Cash Inflow from Operating Activities 45,563 36,396 47,824 48,628 50,696 52,689

Cash Flows from Investing Activities

Capital Expenditure (63,071) (80,476) (80,779) (76,391) (76,455) (69,126)

Landfill Rehabilitation (3,000) (240) (5,008) (10,016) (3,506) 0

Proceeds from Sale of Land and Buildings 2,850 529 1,700 100 100 100

Proceeds from Sale of Plant and Equipment 1,760 1,760 1,735 2,013 2,053 2,094

Developer Cash Contributions 1,150 1,530 1,450 1,150 1,150 1,100

Income for Capital Expenditure 16,804 32,307 7,118 27,443 13,332 10,865

Net Cash Outflow from Investing Activities (43,507) (44,590) (73,784) (55,701) (63,326) (54,967)

Cash Flows from Financing Activities

Repayment of Borrowings (4,525) (4,525) (4,996) (9,309) (8,588) (10,005)

Proceeds from New Loans 0 0 27,200 21,100 23,330 12,000

Net Cash Inflow/(Outflow) from Financial Activities (4,525) (4,525) 22,204 11,791 14,742 1,995

Net Increase / (Decrease) in Cash Held (2,469) (12,719) (3,756) 4,718 2,112 (283)

Cash at the Beginning of the Financial Year 43,047 58,640 45,921 42,165 46,883 48,995

Cash at the end of the Financial Year 40,578 45,921 42,165 46,883 48,995 48,712

Loan Balance 31,512 31,509 53,716 65,507 80,249 82,244

Net Cash (Deficit ) / Surplus 9,066 14,412 (11,551) (18,624) (31,254) (33,532)

3-5
2011-2012 Budget - City of Greater Geelong
STANDARD BALANCE SHEET
4 Year Plan
Budget Projection Budget Plan Plan Plan
2010-2011 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015
*Year End 30 June Balances $000's $000's $000's $000's $000's $000's

Current Assets

Cash and Investments 40,578 45,921 42,165 46,883 48,995 48,712

Receivables 8,987 9,713 10,013 10,313 10,613 10,913

Prepayments 82 82 86 90 90 90
Inventories 514 514 494 543 559 576

Total Current Assets 50,161 56,230 52,758 57,829 60,257 60,291

Current Liabilities

Payables 16,981 14,503 13,268 13,540 13,986 14,273

Interest Bearing Liabilities 4,949 4,996 9,309 8,588 10,005 8,909
Refundable Deposits 1,182 1,182 1,182 1,182 1,182 1,182
Provisions 16,109 19,617 22,707 23,856 25,082 26,373

Total Current Liabilities 39,221 40,298 46,466 47,166 50,255 50,737

Net Current Assets 10,940 15,932 6,292 10,663 10,002 9,554

Non-Current Assets

Property, Plant & Equipment 1,601,626 1,646,389 1,703,595 1,744,991 1,784,382 1,814,432
Investments 7,387 8,694 8,694 8,694 8,694 8,694
Receivables 925 925 916 907 898 889

Total Non-Current Assets 1,609,938 1,656,008 1,713,205 1,754,592 1,793,974 1,824,015

Non-Current Liabilities

Creditors and Provisions 4,880 4,663 5,063 5,345 5,684 6,044

Loans 26,563 26,513 44,404 56,917 70,242 73,333
Landfill Provision 10,621 16,291 12,423 3,277 0 0
Total Non-Current Liabilities 42,064 47,467 61,890 65,539 75,926 79,377

NET ASSETS 1,578,814 1,624,473 1,657,607 1,699,716 1,728,050 1,754,192

Ratepayers Equity

Accumulated Surplus 954,789 949,225 989,359 1,029,468 1,058,802 1,085,944

Asset Revaluation Reserve 607,695 650,918 650,918 650,918 650,918 650,918
Reserves 16,330 24,330 17,330 19,330 18,330 17,330
TOTAL EQUITY 1,578,814 1,624,473 1,657,607 1,699,716 1,728,050 1,754,192

3-6
2011-2012 Budget - City of Greater Geelong
 Projection Budget Plan Plan Plan Plan Plan Plan Plan Plan Plan
Blue = input 2008/09 2009/10 2010/11 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19
$000's $000's $000's $000's $000's $000's $000's $000's $000's $000's $000's COMMENTS
DETAILED OPERATING STATEMENT

RECURRENT INCOME
Growth % 2.4% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0%
Rate increase % 4.0% 4.0% 4.0% 4.0% 4.0% 4.0% 4.0% 3.5% 3.5% 3.5%
Total % Increase 6.4% 5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 4.5% 4.5% 4.5%
Rates 97,922 104,835 110,077 115,581 121,360 127,428 133,799 140,489 146,811 153,417 160,321 Increase based on Rating Strategy
Interest On Rates 370 385 250 250 250 250 250 250 250 250 250
Supplementary 1,450 500 300 300 300 300 300 300 300 300 300
Garbage 16,757 17,601 18,305 19,037 19,799 20,591 21,414 22,271 23,162 24,088 25,052
Rates Waiver - 25 - 1 - 25 - 25 - 25 - 25 - 25 - 25 - 25 - 25 - 25
Municipal Charge 7,625 8,046 8,368 8,703 9,051 9,413 9,789 10,181 10,588 11,012 11,452
TOTAL RATES & CHARGES 124,099 131,366 137,275 143,845 150,734 157,956 165,527 173,466 181,086 189,042 197,350 Gross Rate & Charges Income
Grants 0.944% 0.944% 0.944%
Inflation 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% Increase in line with inflation predictions
User Charges 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% Increase in line with market prices & volume increases
Interest Income 6.50% 6.50% 6.50% Long term interest Forecast & Average Cash
Average Cash Balance 19,000 19,000 19,000 Est average cash balance
Plant & Equipment Disposals
Proceeds on Sale of Plant & Equipment (1,851) (2,039) (1,853) (1,735) (2,013) (2,053) (2,094) (2,136) (2,179) (2,223) (2,267)
WDV of Plant & Equipment 1,933 1,830 1,742 1,631 1,892 1,930 1,969 2,008 2,048 2,089 2,131
(Profit) / Loss on Sale 82 (209) (111) (104) (121) (123) (126) (128) (131) (133) (136)

RECURRENT EXPENDITURE
Salary Related Costs - EBA 4.4% 3.5% 3.5% 3.5% 4.5% 4.5% 4.5% 4.5% 4.5% 4.5%
Salary Related Costs - Banding 0.8% 0.8% 0.8% 0.8% 0.8% 0.8% 0.8% 0.8% 0.8% 0.8%
Salary Related Costs - Total 5.2% 4.3% 4.3% 4.3% 5.3% 5.3% 5.3% 5.3% 5.3% 5.3% Based on EBA
Materials 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% Increase in line with inflation predictions
Plant, Equipment, Vehicle Costs 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% Increase in line with inflation predictions
External Services 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% Increase in line with inflation predictions
Administration 3.0% 4.0% 4.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% Lower due to reduced level of borrowings & interest
Professional Services 3.0% 4.0% 4.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% Increase in line with inflation predictions
Utilities 3.0% 4.0% 4.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% 3.0% Increase in line with inflation predictions

NON - RECURRENT INCOME

Capital Income 3.0% 3.0% 3.0% Assume minimum as per Mills Oakley estimate + inflation
Gain on Sale of Land and Buildings
Land & Buildings Proceeds (3,430) (2,540) (1,800) (350) (100) (100) (100) (100) (100) (100) (100)
WDV of Land & Buildings Sold 195 0 920 70 70 70 70 70 70 70 70
(Profit) / Loss on Sale (3,235) (2,540) (880) (280) (30) (30) (30) (30) (30) (30) (30)
Loss on Infrastructure Disposal 5,290 5,290 3,000 3,000 3,500 #REF! #REF! #REF! #REF! #REF! #REF!

NON - RECURRENT EXPENDITURE

Economic Development
Restructure Costs - - - Fixed Annual provision
Grants & Donations - - - Reducing over plan period

BALANCE SHEET
Receivables (Current) 98.0% 98.0% 98.0% 98.0% 98.0%
Collection Rate 99.1% 99.1% 99.1% 99.1% 99.1% 99.1% 99.1% 99.1% 99.1% 99.1% 99.1%
Current Rate Debtors Uncollected 881 944 991 1,040 1,092 1,147 1,204 1,264 1,321 1,381 1,443
Arrear Rate Debtors Uncollected 1,009 1,009 1,009 1,009 1,009 1,009 1,009 1,009 1,009 1,009 1,009
Total Rate Debtors 1,890 1,953 2,000 2,049 2,101 2,156 2,213 2,273 2,330 2,390 2,452
Other Debtors 3,900 3,822 3,746 3,671 3,597 Based on performance targets in Rate Manager KPI & SRC

Total Receivables 6,841 7,183 7,542

Prepayments 5.0% 5.0% 5.0% 5.0% 5.0% Rise in line with rate increases
Property for Sale 0 0 0 Where specific assets have been earmarked for sale
Opening Balance 0 0 0
Transfers/Other Movements
Retirements WDBV
Closing Balance 0 0 0
Movement
Inventories 8.0% 8.0% 8.0% 8.0% 8.0% 8.0% 8.0% 8.0% 8.0% 8.0% 8.0% Stores to purchase ratio of last known actual
Material Purchases #REF! 8,375 7,922 8,120 8,323 8,531 #REF! #REF! #REF! #REF! #REF! Materials purchases from Operating Statement
Inventory Balance #REF! 670 634 650 666 682 #REF! #REF! #REF! #REF! #REF! Materials purchased @ stores to purchase ratio

Provision/Creditors
Ratio of Components to Expenditure :
Employee Entitlements to Salaries 8.5% 8.5% 8.5% 8.5% 8.5% 8.5% 8.5% 8.5% 8.5% 8.5% 8.5% Ratio based on last known actuals
Employee Entitlements Movement in line with ratio and last actual
Loan Interest to Total Loans 0.4% 0.4% 0.4% Ratio based on last known actuals
Accrued Loan Interest 113 156 141
Trade Creditors to Goods and Services 0.18 0.18 0.18 0.18 0.18 0.18 0.18 0.18 0.18 0.18 0.18 Ratio based on last known actuals
Trade Creditors 23,350 22,312 23,234 23,827 24,462 #REF! #REF! #REF! #REF! #REF! #REF! Movement in line with ratio and last actual
Unearned Income 544 561 577 595 613 631 650 669 689 710 731 Increase in line with inflation
Other Creditors 171 176 181 187 192 198 204 210 217 223 230 Increase in line with inflation
TOTAL CREDITORS 24,178 23,204 24,134 24,609 25,267 #REF! #REF! #REF! #REF! #REF! #REF!

Unearned Income Increase in line with inflation

Receivables (Non-Current) 1,958 1,941 1,923 1,906 1,889 1,872 1,855 1,838 1,822 1,805 1,789 Based on performance targets in Rate Manager KPI

Loans
Underlying Debt Balance of Based on Debt Management Strategy

Opening Balance 14,730 26,237 36,033 32,671 32,790 34,364 45,066 42,069 38,333 31,094 24,128 Based on Loan Schedules of existing loans
Proceeds 12,675 12,500 0 4,000 7,000 17,000 4,000 4,000 0 0 0
Repayments -1,168 -2,704 -3,362 -3,881 -5,426 -6,298 -6,998 -7,736 -7,239 -6,967 -6,906 -4,767
Repayments Market Square 0 0 0
Refinanced 0 0 0
Closing Balance 26,237 36,033 32,671 32,790 34,364 45,066 42,069 38,333 31,094 24,128 17,222 Assumes 1030 loan continues

Current 2,704 3,362 3,881 5,426 6,298 6,998 7,736 7,239 6,967 6,906 4,767 Next years payment
Non-Current 23,533 32,671 28,790 27,364 28,066 38,069 34,333 31,094 24,128 17,222 12,454
26,237 36,033 32,671 32,790 34,364 45,066 42,069 38,333 31,094 24,128 17,222

Provisions
Long Service Leave to Employee Costs 13.5% 13.5% 13.5% 13.5% 13.5% 13.5% 13.5% 13.5% 13.5% 13.5% 13.5%
Long Service Leave 17,691 18,907 19,688 20,502 21,348 #REF! #REF! #REF! #REF! #REF! #REF!
Annual Leave 11,139 11,904 12,396 12,909 13,441 #REF! #REF! #REF! #REF! #REF! #REF!
Disclosed as - Current 7,500 7,800 8,000 8,200 8,500 8,800 9,100 9,400 9,700 10,000 10,300
Disclosed as - Non-Current 10,191 11,107 11,688 12,302 12,848 #REF! #REF! #REF! #REF! #REF! #REF!
Total Provisions - Current 18,639 19,704 20,396 21,109 21,941 #REF! #REF! #REF! #REF! #REF! #REF!
Total Provisions - Non-Current 10,191 11,107 11,688 12,302 12,848 #REF! #REF! #REF! #REF! #REF! #REF!

Property, Plant & Equipment

Opening WDV 1,314,305 1,363,626 1,457,664 1,485,308 1,488,000 1,491,904 #REF! #REF! #REF! #REF! #REF!
Additions 74,871 80,169 60,968 52,505 57,033 57,029 56,626 56,426 49,027 45,631 46,237
Recurrent Disposals - WDV on Sale (1,933) (1,830) (1,742) (1,631) (1,892) (1,930) (1,969) (2,008) (2,048) (2,089) (2,131)
Non-Recurrent Disposals - WDV on Sale (195) 0 (920) (70) (70) (70) (70) (70) (70) (70) (70)
Infrastructure Disposals (5,290) (5,290) (3,000) (3,000) (3,500) #REF! #REF! #REF! #REF! #REF! #REF!
Transfers/Other Movements/Sub-Divisions 34,500 34,500 30,000 15,000 15,000 #REF! #REF! #REF! #REF! #REF! #REF! Subdivisions

Depreciation (52,632) (55,311) (57,662) (60,112) (62,667) #REF! #REF! #REF! #REF! #REF! #REF!
Increase Provision from Expense
Revaluation 41,800
Closing WDV 1,363,626 1,457,664 1,485,308 1,488,000 1,491,904 #REF! #REF! #REF! #REF! #REF! #REF!

Landfill Provision -6220 -4145 -3822 -4036 -3583 0

Increase Provision from Expense -584 -677 -714 -590 -1,362
Less Depreciation
Capital Works 2659 1000 500 1043 4,945
Closing Balance -4145 -3822 -4036 -3583 0 0

419 -677 -714

Investment In Regional Library 0.0% 0.0% 0.0% 0.0% 0.0%

Accumulated Surplus

Transfer from Reserves (3,363) (25,842) 0 0

Current Year Result 56,703 55,055 46,927 29,275 24,456 #REF! #REF! #REF! #REF! #REF! #REF!

Debt to Rates 0.211 0.274 0.238

Budget 2000/01 1
10 Year Financial Plan
Assumptions

07/08 08/09 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18
New loan funding
Civic Accomodation 2,760 0 0 13,000
Less Asset Sales -2,760
Library 0 4,000 4,000 4,000 4,000 4,000
Armstrong Creek 3,000
Over 20 years 0 0 0 0 4,000 7,000 17,000 4,000 4,000

Bellarine Pool 3,125 2,675

Leisurelink Pool 0 10,000 12,500
Over 10 years 3,125 12,675 12,500 0

Total New Loans 3,125 12,675 12,500 0 4,000 7,000 17,000 4,000 4,000 0

Land and Building Sales

Per Alan Grant Projections (Cat 1 only) 5,375 3,330 2,490 1,700 250 0 0 0 0 0 0
(MasterListofLandSales9Sep2008)
Miscellaneous 50 100 50 100 100 100 100 100 100 100 100
Total 5,425 3,430 2,540 1,800 350 100 100 100 100 100 100

WDV 2,512 195 0 920 70 70 70 70 70 70 70

Assumptions
Income
Rates (Incudes growth approx 1%) 4.00% 3.00% 6.50% 6.50% 5.00% 5.50% 5.50% 5.00% 5.00% 5.00%
Garbage 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%
Waste 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%

Expenditure
Salary Related Costs 5.20% 5.00% 5.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00%
Materials 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00%
Plant, Equipment, Vehicle Costs 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00%
External Services 5.00% 4.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00%
Administration 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%
Professional Services 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%
Utilities 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%

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EMT 19 December 2007 Page 16 of 20
10 Year Financial Plan
Previous 08/09 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19
Budgets Projection
Capital Expenditure

Priority Projects - Top 13

Leisurelink 13,998 16,643
Bellarine Pool 5,400 3,020
East West Traffic Improvements 3,532 525 100
Conference Centre
Yarra Street Pier 300 1,100 1,100 300
Mineral Springs Bath House 700 700 400
Haymarket Development (private cont) 500
Geelong Marine Industry Precinct
Civic Accommodation 2,760 1,250 1,000 4,000 16,000 16,000 3,000
View of Geelong 600
Western Wedge Infrastructure 220 970 1,280 570 1,000 1,000 1,000 1,500
D W Hope Centre
Arts and Cultural Precinct
- City Library Heritage Centre 800 4,000 4,000 4,000 4,000 3,200
- Public Realm Infrastructure (Net)
Council Reports
Courthouse Redevelopment 1,348 5,217
Skilled Stadium 1,000
Cycling Criterium 155 1,345
Other Capital Expenditure
Base Core Projects 23,104 21,849 21,849 21,849 21,849 21,849 21,849 21,849 21,849 21,849 21,849
Fleet Replacement Program 4,886 5,524 4,687 4,346 4,784 4,880 4,977 5,077 5,178 5,282 5,388
Increase in Infrastructure Renewal 2,000 2,500 3,000 3,500 4,000 4,500 5,000 5,500 6,000 6,500
Ongoing Projects
Library Development
Waurn Ponds 100 300 5,172
Lara 785
New Projects 11,456 8,650
Future new projects 5,500 5,500 5,500 5,500 5,500 5,500 5,500 5,500 5,500
Vines Rd 2,560
Parking Precinct Plan 2,500 6,500 6,800 6,800 2,500
Development Capital
North Heales Rd Subdivision 2,000 2,490
Leopold Community Hub (Library) 200 4,000 2,000
Mt Duneed / Armstrong Creek 3,000 2,000 2,000 1,000 1,000 1,000
Councillor Allocation 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000

Total Expenditure 71,487 55,680 59,038 65,775 69,703 57,029 56,626 56,426 49,027 45,631 46,237
Plus Carry over from prior year 28,836 25,080 3,080 0 0 0 0 0 0 0 0
Less Carry Over to next year (25,080) (3,080) 0 0 0 0 0 0 0 0 0
Total Expenditure Incl carryover 75,243 77,680 62,118 65,775 69,703 57,029 56,626 56,426 49,027 45,631 46,237

Corio Landfill Rehabilitation Expense 2,340 1,000 2,000 4,760 0 0 0 0 0 0 0

Total Expenditure incl Landfill 77,583 78,680 64,118 70,535 69,703 57,029 56,626 56,426 49,027 45,631 46,237

Capital Income
Leisurelink & Bellarine Pool State Grant 1,350
Base Core Projects 4,295 3,586 3,586 3,586 3,586 3,586 3,586 3,586 3,586 3,586 3,586
Cycling Criterium 500
Courthouse Redevelopment 1,348 5,217
Geelong Marine Industry Precinct 150
Civic Accommodation
Vines Rd 1,060
Carryover 2,839
Waurn Ponds Library 3,000
New Projects 1,780 1,242
Future new projects 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000
Landfill Income 1,000 1,000 500
Leopold Community Hub (Library) 4,000 2,000
Total Capital Income 12,612 11,695 13,146 6,586 4,586 4,586 4,586 4,586 4,586 4,586 4,586

Developer Contributions
Untied contributions 1,920 1,100 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000
Leopold Community Hub Stage 1 (Library) 0 0
Mt Duneed / Armstrong Creek
Total Developer Contributions 1,920 1,100 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000

Plant & Equipment Sales 1,851 2,039 1,853 1,735 2,013 2,053 2,094 2,136 2,179 2,223 2,267

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 NET DEBT / LIQUIDITY STATEMENT

Inflows
Recurrent Income
Capital Grants Asset Sales
Total Inflows

Outflows
Recurrent Operating Expenditure
Non Recurrent Operating Expenditure
Capital Expenditure
Total Outflows

Add Movement in Working Capital

Net Cash Generated/ (Applied)

DEBT POSITION
Opening Net Debt
Net Cash Generated / (Applied)
Closing Net Debt

Closing Net Debt is made up of:-

Cash and Investments
Loans

Loans
Westpac No.1
Westpac No.2
CBA No.1
Post Office and Gaol
New Loan

Budget 2001/02 01/13/202223:11:47

10 Year Financial Plan
Previous 08/09
Capital Expenditure Budgets Projection 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19
Leisurelink 13,998 16,643
Bellarine Pool 5,400 3,020
East West Traffic Improvements 3,532 525 100
Yarra Street Pier 300 1,100 1,100 300
Mineral Springs Bath House 700 700 400
Haymarket Development (private cont) 500
Civic Accommodation 2,760 1,250 1,000 4,000 16,000 16,000 3,000
View of Geelong 600
Western Wedge Infrastructure 220 970 1,280 570 1,000 1,000 1,000 1,500
Arts and Cultural Precinct
Arts & Cultural Precinct - City Library Heritage Centre 800 4,000 4,000 4,000 4,000 3,200
Arts & Cultural - Public Realm Infrastructure (Net)
Courthouse Redevelopment 1,348 5,217
Skilled Stadium 1,000
Cycling Criterium 155 1,345
Base Core Projects 23,104 21,849 21,849 21,849 21,849 21,849 21,849 21,849 21,849 21,849 21,849
Fleet Replacement Program 4,886 5,524 4,687 4,346 4,784 4,880 4,977 5,077 5,178 5,282 5,388
Increase in Infrastructure Renewal 2,000 2,500 3,000 3,500 4,000 4,500 5,000 5,500 6,000 6,500
Library Development - Waurn Ponds 400 5,172
Library Development - Lara 785
New Projects 11,556 8,650
Future new projects 5,500 5,500 5,500 5,500 5,500 5,500 5,500 5,500 5,500
Vines Rd 2,560
Parking Precinct Plan 2,500 6,500 6,800 6,800 2,500
North Heales Rd Subdivision 2,000 2,490
Leopold Community Hub (Library) 200 4,000 2,000
Mt Duneed / Armstrong Creek 3,000 2,000 2,000 1,000 1,000 1,000
Councillor Allocation 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000
Corio Landfill Rehabilitation Expense 2,340 1,000 2,000 4,760 0 0 0 0 0 0 0
Total Expenditure 73,827 56,780 61,038 70,535 69,703 57,029 56,626 56,426 49,027 45,631 46,237
Plus Carry over from prior year 28,836 25,080 3,080 0 0 0 0 0 0 0 0
Less Carry Over to next year (25,080) (3,080) 0 0 0 0 0 0 0 0 0
Total Expenditure Incl carryover 77,583 78,780 64,118 70,535 69,703 57,029 56,626 56,426 49,027 45,631 46,237

Total Expenditure incl Landfill 79,923 79,780 66,118 75,295 69,703 57,029 56,626 56,426 49,027 45,631 46,237

Capital Income
Leisurelink & Bellarine Pool State Grant 1,350
Base Core Projects 4,295 3,586 3,586 3,586 3,586 3,586 3,586 3,586 3,586 3,586 3,586
Cycling Criterium 500
Courthouse Redevelopment 1,348 5,217
Geelong Marine Industry Precinct 150
Civic Accommodation
Vines Rd 1,060
Carryover 2,839
Waurn Ponds Library 3,000
New Projects 1,780 1,242
Future new projects 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000
Landfill Income 1,000 1,000 500
Leopold Community Hub (Library) 4,000 2,000
Total Capital Income 12,612 11,695 13,146 6,586 4,586 4,586 4,586 4,586 4,586 4,586 4,586

Developer Contributions
Untied contributions 1,920 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000
Leopold Community Hub Stage 1 (Library) 0 0
Mt Duneed / Armstrong Creek
Total Developer Contributions 1,920 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000

Plant & Equipment Sales 1,851 2,039 1,853 1,735 2,013 2,053 2,094 2,136 2,179 2,223 2,267

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RECONCILIATION OF BUDGETED
OPERATING RESULT AND NET CASH FLOWS
Actual Budget Projection Budget Plan Plan Plan
2003/04 2004/05 2004/05 2005/06 2005/06 2006/07 2007/08
$000's $000's $000's $000's $000's $000's $000's
Inflow/(Outflow) Inflow/(Outflow) Inflow/(Outflow) Inflow/(Outflow) Inflow/(Outflow) Inflow/(Outflow) Inflow/(Outflow)

Net Surplus from Operations #REF! #REF! #REF! #REF! #REF! 56,703 55,055

Non cash items included in

Operating Surplus

Depreciation #REF! #REF! #REF! #REF! #REF! #REF! #REF!

Written Down Value of Assets Sold 3,938 #REF! #REF! #REF! #REF! #REF! 7,418

Infrastructure Assets from

(16,705) #REF! #REF! #REF! #REF! #REF! (34,500)
Subdivisions

Revaluation Adjustments (6,616) #REF! #REF! #REF! #REF! #REF! #REF!

Cash Items included in Statement of

Financial Position

Net Repayment of Borrowings (11,254) (3,371) 3,414 3,413 667 4,487 11,507

Capital Expenditure (36,379) (59,893) (45,018) (38,889) (53,639) (77,915) (77,530)

Net Movement in Current Assets and

(7) (169) #REF! #REF! 1,747 4,070 1,571
Liabilities
Net Movement in Provisions,
698 843 14,934 (7,891) 1,798 9,556 (1,309)
Investments and Deferred Debtors

Net Cash Inflows (Outflows) #REF! #REF! #REF! #REF! #REF! #REF! #REF!

Cash at the Beginning of the Financial

26,016 17,889 26,102 #REF! #REF! #REF! #REF!
Year

Cash at the End of the Financial

#REF! #REF! #REF! #REF! #REF! #REF! #REF!
Year

2.9.1
2005-2006 Budget - City of Greater Geelong