Funding Impact Statement and Income Statement - Vibrant Economy

Funding Impact Statement for the Years Ended 30 June 2026 - 2034 for Vibrant Economy
(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	7,795	11,148	11,888	12,329	12,528	11,679	11,508	11,975	12,447	12,094
Targeted rates	500	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	621	560	504	666	532	698	557	730	582	761
Internal charges and overheads recovered	2	15	15	16	16	17	17	17	18	18
Local authorities fuel tax, fines, infringement fees, and other receipts	0	0	0	0	0	0	0	0	0	0
Total operating funding	8,918	11,723	12,407	13,011	13,076	12,394	12,082	12,722	13,047	12,873

Application of operating funding
Payments to staff and suppliers	7,658	10,432	11,080	11,653	11,685	10,976	10,632	11,238	11,533	11,329
Finance costs	0	0	0	0	0	0	0	0	0	0
Internal charges and overheads applied	1,228	1,264	1,302	1,337	1,371	1,404	1,436	1,467	1,498	1,530
Other operating funding applications	0	0	0	0	0	0	0	0	0	0
Total application of operating funding	8,886	11,696	12,382	12,990	13,056	12,380	12,068	12,705	13,031	12,859

Surplus/(deficit) of operating funding	32	27	25	21	20	14	14	17	16	14

Sources of capital funding
Subsidies and grants for capital expenditure	0	0	0	0	0	0	0	0	0	0
Development and financial contributions	0	0	0	0	0	0	0	0	0	0
Increase/(decrease) in debt	0	0	0	0	0	0	0	0	0	0
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	0	0	0	0	0	0	0	0	0	0

Application of capital funding
Capital expenditure
- to meet additional demand	0	0	0	0	0	0	0	0	0	0
- to improve the level of service	0	0	0	16	0	0	17	0	0	18
- to replace existing assets	60	0	0	0	0	0	0	0	0	120
Increase/(decrease) in reserves	0	0	0	0	0	0	0	0	0	0
Increase/(decrease) of investments	-28	27	25	5	20	14	-3	17	16	-124
Total application of capital funding	32	27	25	21	20	14	14	17	16	14

Surplus/(deficit) of capital funding	-32	-27	-25	-21	-20	-14	-14	-17	-16	-14

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

Income Statement for the Years Ended 30 June 2026 - 2034 - Vibrant Economy
(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	8,295	11,148	11,888	12,329	12,528	11,679	11,508	11,975	12,447	12,094
External revenue	621	560	504	666	532	698	557	730	582	761
Grants and subsidies revenue	0	0	0	0	0	0	0	0	0	0
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	2	15	15	16	16	17	17	17	18	18
Total revenue	8,918	11,723	12,407	13,011	13,076	12,394	12,082	12,722	13,047	12,873

Expenditure
Personnel costs	3,317	3,268	3,383	3,558	3,560	3,733	3,729	3,902	3,891	4,068
Operations and maintenance	2,478	2,959	3,592	3,552	3,841	2,803	2,451	2,719	2,992	2,612
Occupancy costs	25	34	38	36	40	45	39	43	48	42
Consumables and general	945	1,310	1,329	1,378	1,401	1,453	1,464	1,516	1,535	1,577
Grants and subsidies	892	2,861	2,738	3,128	2,842	2,942	2,949	3,058	3,067	3,031
Internal charges	1,228	1,264	1,302	1,337	1,371	1,404	1,436	1,467	1,498	1,530
Depreciation and amortisation	33	27	25	22	21	14	14	17	16	13
Interest	0	0	0	0	0	0	0	0	0	0
Total expenditure	8,918	11,723	12,407	13,011	13,076	12,394	12,082	12,722	13,047	12,873

Net surplus/(deficit)	0	0	0	0	0	0	0	0	0	0

Expenditure by Activity
City Marketing	878	905	933	958	984	1,008	1,031	1,057	1,079	1,101
Dunedin i-Site Visitor Centre	1,377	1,344	1,384	1,421	1,456	1,489	1,524	1,557	1,590	1,623
Economic Development	3,897	5,500	5,793	5,929	6,061	6,195	6,326	6,460	6,592	6,580
Events	2,766	3,974	4,297	4,703	4,575	3,702	3,201	3,648	3,786	3,569
Total expenditure	8,918	11,723	12,407	13,011	13,076	12,394	12,082	12,722	13,047	12,873

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