| Funding Impact Statement for the Years Ended 30 June 2022 - 2031 for Economic Development | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| (shown in $000's) | |||||||||||
| Annual Plan 2021 | Budget 2022 | Budget 2023 | Budget 2024 | Budget 2025 | Budget 2026 | Budget 2027 | Budget 2028 | Budget 2029 | Budget 2030 | Budget 2031 | |
| Sources of operating funding | |||||||||||
| General rates, uniform annual general charges, rates penalties | 4,917 | 4,902 | 5,037 | 5,145 | 5,259 | 5,387 | 5,522 | 5,663 | 5,811 | 5,969 | 6,125 |
| Targeted rates | 500 | 500 | 500 | 500 | 500 | 500 | 500 | 500 | 500 | 500 | 500 |
| Subsidies and grants for operating purposes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Fees and charges | 316 | 419 | 431 | 442 | 453 | 464 | 476 | 488 | 501 | 515 | 528 |
| Internal charges and overheads recovered | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 |
| Local authorities fuel tax, fines, infringement fees, and other receipts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total operating funding | 5,736 | 5,824 | 5,971 | 6,090 | 6,215 | 6,354 | 6,501 | 6,654 | 6,816 | 6,988 | 7,157 |
| Application of operating funding | |||||||||||
| Payments to staff and suppliers | 4,774 | 4,685 | 4,776 | 4,872 | 4,970 | 5,078 | 5,191 | 5,312 | 5,441 | 5,576 | 5,709 |
| Finance costs | 0 | 0 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 |
| Internal charges and overheads applied | 1,107 | 1,115 | 1,146 | 1,175 | 1,204 | 1,234 | 1,265 | 1,298 | 1,333 | 1,369 | 1,405 |
| Other operating funding applications | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total application of operating funding | 5,881 | 5,800 | 5,930 | 6,055 | 6,182 | 6,320 | 6,465 | 6,619 | 6,783 | 6,954 | 7,123 |
| Surplus/(deficit) of operating funding | -145 | 24 | 41 | 35 | 33 | 34 | 36 | 35 | 33 | 34 | 34 |
| Sources of capital funding | |||||||||||
| Subsidies and grants for capital expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Development and financial contributions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Increase/(decrease) in debt | 0 | 270 | 0 | 0 | 0 | 46 | 0 | 0 | 0 | 0 | 0 |
| Gross proceeds from sale of assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Lump sum contributions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other dedicated capital funding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total sources of capital funding | 0 | 270 | 0 | 0 | 0 | 46 | 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 | 0 |
| - to improve the level of service | 0 | 250 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| - to replace existing assets | 0 | 15 | 5 | 16 | 5 | 84 | 6 | 0 | 0 | 6 | 0 |
| Increase/(decrease) in reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Increase/(decrease) of investments | -145 | 29 | 36 | 19 | 28 | -4 | 30 | 35 | 33 | 28 | 34 |
| Total application of capital funding | -145 | 294 | 41 | 35 | 33 | 80 | 36 | 35 | 33 | 34 | 34 |
| Surplus/(deficit) of capital funding | 145 | -24 | -41 | -35 | -33 | -34 | -36 | -35 | -33 | -34 | -34 |
| Funding balance | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income Statement for the Years Ended 30 June 2022 - 2031 for Economic Development | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| (shown in $000's) | |||||||||||
| Annual Plan 2021 | Budget 2022 | Budget 2023 | Budget 2024 | Budget 2025 | Budget 2026 | Budget 2027 | Budget 2028 | Budget 2029 | Budget 2030 | Budget 2031 | |
| Revenue | |||||||||||
| Rates revenue | 5,417 | 5,402 | 5,537 | 5,645 | 5,759 | 5,887 | 6,022 | 6,163 | 6,311 | 6,469 | 6,625 |
| External revenue | 316 | 419 | 431 | 442 | 453 | 464 | 476 | 488 | 501 | 515 | 528 |
| Grants and subsidies revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Development contributions revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Vested assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Internal revenue | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 |
| Total revenue | 5,736 | 5,824 | 5,971 | 6,090 | 6,215 | 6,354 | 6,501 | 6,654 | 6,816 | 6,988 | 7,157 |
| Expenditure | |||||||||||
| Personnel costs | 2,423 | 2,503 | 2,534 | 2,575 | 2,616 | 2,666 | 2,719 | 2,776 | 2,837 | 2,902 | 2,966 |
| Operations and maintenance | 1,426 | 1,156 | 1,188 | 1,218 | 1,248 | 1,279 | 1,311 | 1,345 | 1,382 | 1,419 | 1,456 |
| Occupancy costs | 18 | 17 | 17 | 18 | 18 | 19 | 19 | 20 | 20 | 21 | 21 |
| Consumables and general | 907 | 919 | 945 | 969 | 993 | 1,018 | 1,043 | 1,070 | 1,099 | 1,129 | 1,158 |
| Grants and subsidies | 0 | 90 | 92 | 93 | 94 | 96 | 98 | 100 | 102 | 105 | 107 |
| Internal charges | 1,107 | 1,115 | 1,146 | 1,175 | 1,204 | 1,234 | 1,265 | 1,298 | 1,333 | 1,369 | 1,405 |
| Depreciation and amortisation | 47 | 24 | 41 | 34 | 34 | 34 | 37 | 36 | 34 | 34 | 35 |
| Interest | 0 | 0 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 |
| Total expenditure | 5,928 | 5,824 | 5,971 | 6,090 | 6,215 | 6,354 | 6,501 | 6,654 | 6,816 | 6,988 | 7,157 |
| Net surplus/(deficit) | -192 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenditure by Activity | |||||||||||
| Marketing Dunedin | 3,205 | 2,957 | 3,001 | 3,067 | 3,132 | 3,202 | 3,277 | 3,355 | 3,438 | 3,526 | 3,613 |
| Economic Development | 1,593 | 1,731 | 1,811 | 1,843 | 1,879 | 1,921 | 1,964 | 2,009 | 2,056 | 2,107 | 2,157 |
| Dunedin i-Site Visitor Centre | 1,130 | 1,136 | 1,159 | 1,180 | 1,204 | 1,231 | 1,260 | 1,290 | 1,322 | 1,355 | 1,387 |
| Total expenditure | 5,928 | 5,824 | 5,971 | 6,090 | 6,215 | 6,354 | 6,501 | 6,654 | 6,816 | 6,988 | 7,157 |