Funding Impact Statement and Income Statement - Galleries, libraries and museums

Funding Impact Statement for the Years Ended 30 June 2022 - 2031 for Galleries, Libraries and Museums
(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	24,877	24,672	24,454	24,907	25,741	26,335	27,036	27,808	28,787	29,609	30,446
Targeted rates	0	0	0	0	0	0	0	0	0	0	0
Subsidies and grants for operating purposes	292	317	326	334	342	351	359	369	379	389	399
Fees and charges	988	1,137	1,919	1,955	1,997	2,028	2,060	2,094	2,130	2,167	2,204
Internal charges and overheads recovered	22	21	21	22	22	23	24	24	25	26	26
Local authorities fuel tax, fines, infringement fees, and other receipts	78	0	0	3	11	11	11	12	12	12	13
Total operating funding	26,257	26,147	26,720	27,221	28,113	28,748	29,490	30,307	31,333	32,203	33,088

Application of operating funding
Payments to staff and suppliers	18,302	18,197	18,675	18,918	19,554	19,952	20,369	20,811	21,278	21,767	22,252
Finance costs	939	373	337	367	388	401	414	446	477	487	497
Internal charges and overheads applied	6,515	6,512	6,694	6,941	7,141	7,319	7,502	7,697	7,905	8,119	8,330
Other operating funding applications	0	0	0	0	0	0	0	0	0	0	0
Total application of operating funding	25,756	25,082	25,706	26,226	27,083	27,672	28,285	28,954	29,660	30,373	31,079

Surplus/(deficit) of operating funding	501	1,065	1,014	995	1,030	1,076	1,205	1,353	1,673	1,830	2,009

Sources of capital funding
Subsidies and grants for capital expenditure	30	30	31	32	32	33	34	35	36	37	38
Development and financial contributions	0	0	0	0	0	0	0	0	0	0	0
Increase/(decrease) in debt	0	1,370	1,123	951	517	432	489	1,765	363	344	391
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	30	1,400	1,154	983	549	465	523	1,800	399	381	429

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	369	859	832	1,455	896	920	944	1,069	995	1,021	1,047
- to replace existing assets	1,092	1,505	1,420	621	678	662	783	2,106	730	751	1,014
Increase/(decrease) in reserves	0	0	0	0	0	0	0	0	0	0	0
Increase/(decrease) of investments	-930	102	-84	-97	5	-41	1	-21	347	439	377
Total application of capital funding	531	2,465	2,168	1,978	1,579	1,541	1,728	3,153	2,072	2,211	2,438

Surplus/(deficit) of capital funding	-501	-1,065	-1,014	-995	-1,030	-1,076	-1,205	-1,353	-1,673	-1,830	-2,009

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

Income Statement for the Years Ended 30 June 2022 - 2031 for Galleries, Libraries and Museums
(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	24,877	24,672	24,454	24,907	25,741	26,335	27,036	27,808	28,787	29,609	30,446
External revenue	1,065	1,137	1,919	1,958	2,008	2,039	2,071	2,106	2,142	2,180	2,217
Grants and subsidies revenue	322	347	356	365	374	384	393	404	415	426	437
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	22	21	21	22	22	23	24	24	25	26	26
Total revenue	26,286	26,177	26,750	27,252	28,145	28,781	29,524	30,342	31,369	32,241	33,126

Expenditure
Personnel costs	10,295	10,339	10,469	10,764	11,195	11,408	11,636	11,880	12,142	12,421	12,694
Operations and maintenance	1,335	1,187	1,209	1,243	1,281	1,313	1,346	1,381	1,418	1,456	1,494
Occupancy costs	1,174	1,206	1,240	1,211	1,256	1,288	1,320	1,355	1,392	1,430	1,467
Consumables and general	928	896	921	946	973	998	1,023	1,049	1,077	1,107	1,135
Grants and subsidies	4,569	4,569	4,835	4,753	4,848	4,945	5,044	5,145	5,248	5,353	5,460
Internal charges	6,515	6,512	6,694	6,941	7,141	7,319	7,502	7,697	7,905	8,119	8,330
Depreciation and amortisation	1,365	1,095	1,045	1,027	1,063	1,109	1,239	1,389	1,710	1,868	2,049
Interest	939	373	337	367	388	401	414	446	477	487	497
Total expenditure	27,120	26,177	26,750	27,252	28,145	28,781	29,524	30,342	31,369	32,241	33,126

Net surplus/(deficit)	-834	0	0	0	0	0	0	0	0	0	0

Expenditure by Activity
Dunedin Public Libraries	10,851	10,838	11,021	11,356	11,934	12,229	12,637	13,075	13,661	14,129	14,598
DPAG, Toitū and Lan Yuan	10,106	9,536	9,653	9,881	10,080	10,300	10,510	10,761	11,070	11,341	11,620
Olveston Historic Home	900	901	915	930	946	964	983	1,003	1,024	1,044	1,066
Otago Museum Levy	4,535	4,535	4,800	4,718	4,812	4,908	5,006	5,107	5,209	5,313	5,419
Ara Toi	728	367	361	367	373	380	388	396	405	414	423
Total expenditure	27,120	26,177	26,750	27,252	28,145	28,781	29,524	30,342	31,369	32,241	33,126

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