Funding Impact Statement and Income Statement - Creative and cultural vibrancy

Funding Impact Statement for the Years Ended 30 June 2026 - 2034 for Creative and Cultural Vibrancy
(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	28,316	29,507	30,342	31,318	32,110	33,526	34,665	35,619	36,205	36,737
Targeted rates	0	0	0	0	0	0	0	0	0	0
Subsidies and grants for operating purposes	424	362	373	383	393	402	411	420	429	438
Fees and charges	1,913	2,047	2,109	2,165	2,220	2,273	2,325	2,376	2,426	2,477
Internal charges and overheads recovered	174	174	179	184	189	193	198	202	206	211
Local authorities fuel tax, fines, infringement fees, and other receipts	0	0	0	0	0	0	0	0	0	0
Total operating funding	30,827	32,090	33,003	34,050	34,912	36,394	37,599	38,617	39,266	39,863

Application of operating funding
Payments to staff and suppliers	21,694	22,340	22,874	26,799	28,301	24,728	34,784	26,123	26,682	27,253
Finance costs	706	604	693	869	1,089	1,333	1,854	1,792	1,665	1,481
Internal charges and overheads applied	7,131	7,464	7,688	7,896	8,093	8,287	8,478	8,664	8,846	9,032
Other operating funding applications	0	0	0	0	0	0	0	0	0	0
Total application of operating funding	29,531	30,408	31,255	35,564	37,483	34,348	45,116	36,579	37,193	37,766

Surplus/(deficit) of operating funding	1,296	1,682	1,748	-1,514	-2,571	2,046	-7,517	2,038	2,073	2,097

Sources of capital funding
Subsidies and grants for capital expenditure	30	30	31	32	33	33	34	35	36	36
Development and financial contributions	0	0	0	0	0	0	0	0	0	0
Increase/(decrease) in debt	2,201	458	711	3,916	4,481	445	9,323	-1,074	-1,484	-2,197
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	2,231	488	742	3,948	4,514	478	9,357	-1,039	-1,448	-2,161

Application of capital funding
Capital expenditure
- to meet additional demand	0	154	120	114	119	116	119	115	122	115
- to improve the level of service	2,254	923	499	461	471	529	491	501	559	521
- to replace existing assets	1,273	1,143	1,774	1,305	2,689	1,290	1,362	1,619	1,344	1,357
Increase/(decrease) in reserves	0	0	0	0	0	0	0	0	0	0
Increase/(decrease) of investments	0	-50	97	554	-1,336	589	-132	-1,236	-1,400	-2,057
Total application of capital funding	3,527	2,170	2,490	2,434	1,943	2,524	1,840	999	625	-64

Surplus/(deficit) of capital funding	-1,296	-1,682	-1,748	1,514	2,571	-2,046	7,517	-2,038	-2,073	-2,097

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

Income Statement for the Years Ended 30 June 2026 - 2034 - Creative and Cultural Vibrancy
(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	28,317	29,507	30,342	31,318	32,110	33,526	34,665	35,619	36,205	36,737
External revenue	1,913	2,047	2,109	2,165	2,220	2,273	2,325	2,376	2,426	2,477
Grants and subsidies revenue	454	392	404	415	425	435	445	455	465	475
Development contributions revenue	0	0	0	0	0	0	0	0	0	0
Vested assets	0	0	0	0	0	0	0	0	0	0
Internal revenue	174	174	179	184	189	193	198	202	206	211
Total revenue	30,858	32,120	33,034	34,082	34,944	36,427	37,633	38,652	39,302	39,900

Expenditure
Personnel costs	11,675	12,060	12,421	12,755	13,073	13,386	13,694	13,995	14,289	14,589
Operations and maintenance	1,304	1,528	1,573	1,615	1,601	1,640	1,678	1,715	1,751	1,787
Occupancy costs	1,409	1,403	1,445	1,485	1,522	1,560	1,596	1,632	1,667	1,703
Consumables and general	1,514	1,493	1,461	1,500	1,639	1,804	1,851	2,186	2,248	2,311
Grants and subsidies	5,793	5,856	5,974	9,443	10,465	6,339	15,965	6,595	6,728	6,863
Internal charges	7,131	7,464	7,688	7,896	8,093	8,287	8,478	8,664	8,846	9,032
Depreciation and amortisation	1,326	1,712	1,779	1,869	1,712	2,078	2,017	2,073	2,108	2,134
Interest	706	604	693	869	1,089	1,333	1,854	1,792	1,665	1,481
Total expenditure	30,858	32,120	33,034	37,432	39,194	36,427	47,133	38,652	39,302	39,900

Net surplus/(deficit)	0	0	0	-3,350	-4,250	0	-9,500	0	0	0

Expenditure by Activity
Creative Partnerships	951	1,238	1,192	4,570	5,545	1,448	10,986	1,812	1,866	1,921
DPAG, Toitū and Lan Yuan	11,334	11,407	11,850	12,392	12,930	13,517	14,239	14,494	14,660	14,758
Libraries and City of Literature	12,225	13,118	13,503	13,844	13,958	14,562	14,863	15,159	15,446	15,739
Olveston Historic Home	1,170	1,070	1,096	1,126	1,151	1,177	1,208	1,233	1,257	1,288
Otago Museum Levy	5,178	5,287	5,393	5,500	5,610	5,723	5,837	5,954	6,073	6,194
Total expenditure	30,858	32,120	33,034	37,432	39,194	36,427	47,133	38,652	39,302	39,900

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