Funding Impact Statement and Income Statement - City properties

Funding Impact Statement for the Years Ended 30 June 2026 - 2034 for City Properties
(shown in $000s)
	2025 Annual Plan	2026 Budget	2027 Budget	2028 Budget	2029 Budget	2030 Budget	2031 Budget	2032 Budget	2033 Budget	2034 Budget
Sources of operating funding
General rates, uniform annual general charges, rates penalties	14,782	12,821	15,348	16,852	17,993	20,425	23,205	24,034	24,705	26,444
Targeted rates	0	0	0	0	0	0	0	0	0	0
Subsidies and grants for operating purposes	0	0	0	0	0	0	0	0	0	0
Fees and charges	25,822	28,568	29,084	29,736	30,356	30,967	31,566	32,152	32,724	33,307
Internal charges and overheads recovered	8,055	8,382	8,633	8,867	9,088	9,306	9,520	9,730	9,934	10,143
Local authorities fuel tax, fines, infringement fees, and other receipts	0	0	0	0	0	0	0	0	0	0
Total operating funding	48,659	49,771	53,065	55,455	57,437	60,698	64,291	65,916	67,363	69,894

Application of operating funding
Payments to staff and suppliers	25,307	26,760	27,793	28,504	29,380	30,418	31,271	32,201	33,248	35,220
Finance costs	5,292	4,523	5,016	5,056	5,235	6,410	6,456	6,238	5,795	5,156
Internal charges and overheads applied	3,842	3,907	4,024	4,132	4,236	4,337	4,437	4,535	4,630	4,727
Other operating funding applications	0	0	0	0	0	0	0	0	0	0
Total application of operating funding	34,441	35,190	36,833	37,692	38,851	41,165	42,164	42,974	43,673	45,103

Surplus/(deficit) of operating funding	14,218	14,581	16,232	17,763	18,586	19,533	22,127	22,942	23,690	24,791

Sources of capital funding
Subsidies and grants for capital expenditure	0	0	0	0	0	0	0	0	0	0
Development and financial contributions	295	295	295	295	295	295	295	295	295	295
Increase/(decrease) in debt	23,232	5,751	0	0	1,613	3,112	-1,237	-7,507	-10,373	-15,349
Gross proceeds from sale of assets	0	0	0	0	0	0	0	0	0	0
Lump sum contributions	0	0	0	0	0	0	0	0	0	0
Other dedicated capital funding	0	0	0	0	0	0	0	0	0	0
Total sources of capital funding	23,527	6,046	295	295	1,908	3,407	-942	-7,212	-10,078	-15,054

Application of capital funding
Capital expenditure
- to meet additional demand	1,766	292	0	0	0	0	0	0	0	0
- to improve the level of service	21,526	2,453	0	0	0	0	0	0	0	0
- to replace existing assets	14,453	19,643	16,529	27,285	19,788	22,757	15,637	9,520	9,838	9,448
Increase/(decrease) in reserves	0	0	0	0	0	0	0	0	0	0
Increase/(decrease) of investments	0	-1,761	-2	-9,227	706	183	5,548	6,210	3,774	289
Total application of capital funding	37,745	20,627	16,527	18,058	20,494	22,940	21,185	15,730	13,612	9,737

Surplus/(deficit) of capital funding	-14,218	-14,581	-16,232	-17,763	-18,586	-19,533	-22,127	-22,942	-23,690	-24,791

Funding balance	0	0	0	0	0	0	0	0	0	0

Income Statement for the Years Ended 30 June 2026 - 2034 - City Properties
(shown in $000s)
	Approved Budget 2025	Budget 2026	Budget 2027	Budget 2028	Budget 2029	Budget 2030	Budget 2031	Budget 2032	Budget 2033	Budget 2034
Revenue
Rates revenue	14,782	12,821	15,348	16,852	17,993	20,425	23,205	24,034	24,705	26,444
External revenue	25,822	34,368	31,102	31,787	32,440	33,084	33,718	34,338	34,946	35,565
Grants and subsidies revenue	0	0	0	0	0	0	0	0	0	0
Development contributions revenue	295	295	295	295	295	295	295	295	295	295
Vested assets	0	0	0	0	0	0	0	0	0	0
Internal revenue	8,055	8,382	8,633	8,867	9,088	9,306	9,520	9,730	9,934	10,143
Total revenue	48,954	55,866	55,378	57,801	59,816	63,110	66,738	68,397	69,880	72,447

Expenditure
Personnel costs	4,172	4,178	4,303	4,419	4,529	4,637	4,743	4,848	4,949	5,053
Operations and maintenance	8,364	7,876	8,112	8,281	8,439	8,644	8,845	9,042	9,234	10,640
Occupancy costs	11,592	12,366	12,880	13,338	13,886	14,453	15,040	15,611	16,201	16,712
Consumables and general	1,008	1,876	2,025	1,984	2,034	2,183	2,131	2,177	2,330	2,270
Grants and subsidies	171	464	473	483	492	502	512	522	533	545
Internal charges	3,842	3,907	4,024	4,132	4,236	4,337	4,437	4,535	4,630	4,727
Depreciation and amortisation	15,080	15,068	16,232	17,762	18,586	19,532	22,127	22,943	23,691	24,791
Interest	5,292	4,523	5,016	5,056	5,235	6,410	6,456	6,238	5,795	5,156
Total expenditure	49,521	50,258	53,065	55,455	57,437	60,698	64,291	65,916	67,363	69,894

Net surplus/(deficit)	-567	5,608	2,313	2,346	2,379	2,412	2,447	2,481	2,517	2,553

Expenditure by Activity
Community Housing	10,413	9,362	10,009	10,461	10,775	11,139	11,657	11,986	12,367	12,834
Community Property	6,571	6,589	8,220	8,665	9,176	9,912	10,112	10,689	10,695	10,743
Holding Property	1,755	2,431	2,487	2,592	2,652	2,912	3,024	3,053	3,037	4,233
Investment Property	5,096	5,304	6,512	6,683	6,923	7,534	7,732	7,828	7,844	7,770
Operational Property	16,119	16,782	15,713	16,796	17,545	18,484	21,000	21,344	22,051	22,804
Parking Operations	2,678	2,933	2,973	3,024	2,958	3,032	3,011	3,091	3,171	3,248
Property Management	6,889	6,857	7,151	7,234	7,408	7,685	7,755	7,925	8,198	8,262
Total expenditure	49,521	50,258	53,065	55,455	57,437	60,698	64,291	65,916	67,363	69,894

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