BUDGETED INCOME STATEMENT

4 Year Plan
Budget Projection Budget Plan Plan Plan
2015-2016 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020
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)

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

Prepared by:
ERLYN ATIENZA
C=PH, OU=MSEUF,
O=ACCOCUNTING,
CN=ERLYN ATIENZA,
E=erlynatienza@mseuf.edu.p
h
2022.02.12 21:20:59+08'00'

Erlyn O. Atienza
Budget Manager

Instructions:

1. Encode the above Budgeted Income Statement in the Microsoft Excel.

2. Use the functions and formula in the highlighted datas (Please refer to the legend below)
3. For the " Prepared by" portion, use your name.
4. Export your work into PDF file and put your digital signature above your name.
5. Submit both the Excel File and the PDF file of this activity.

LEGEND
Use the Function
Use the Formula

3-4
2016-2017 Budget - City of Greater Geelong