Funding Impact Statement and Income Statement - Property

Funding Impact Statement for the Years Ended 30 June 2022 - 2031 for Property
(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	8,091	9,155	9,661	11,906	13,325	15,270	17,049	18,501	21,328	21,781	22,594
Targeted rates	0	0	0	0	0	0	0	0	0	0	0
Subsidies and grants for operating purposes	0	60	0	0	0	0	0	0	0	0	0
Fees and charges	16,673	17,091	17,646	18,165	18,700	19,249	19,814	20,415	21,055	21,714	22,372
Internal charges and overheads recovered	8,081	7,659	7,873	8,150	8,380	8,590	8,804	9,033	9,277	9,528	9,775
Local authorities fuel tax, fines, infringement fees, and other receipts	0	0	0	0	0	0	0	0	0	0	0
Total operating funding	32,845	33,965	35,180	38,221	40,405	43,109	45,667	47,949	51,660	53,023	54,741

Application of operating funding
Payments to staff and suppliers	18,418	19,703	20,283	21,637	22,295	23,629	24,572	25,316	29,098	30,177	31,001
Finance costs	2,766	1,332	1,522	1,878	2,223	2,552	2,928	3,208	3,322	3,400	3,497
Internal charges and overheads applied	2,984	2,559	2,631	2,697	2,764	2,833	2,904	2,980	3,060	3,143	3,224
Other operating funding applications	0	0	0	0	0	0	0	0	0	0	0
Total application of operating funding	24,168	23,594	24,436	26,212	27,282	29,014	30,404	31,504	35,480	36,720	37,722

Surplus/(deficit) of operating funding	8,677	10,371	10,744	12,009	13,123	14,095	15,263	16,445	16,180	16,303	17,019

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	6	200	295	302	309	316	323	287	294	300	307
Increase/(decrease) in debt	0	12,137	11,822	13,202	10,990	12,097	14,275	5,347	2,685	2,813	3,986
Gross proceeds from sale of assets	0	3,000	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	6	15,337	12,117	13,504	11,299	12,413	14,598	5,634	2,979	3,113	4,293

Application of capital funding
Capital expenditure
- to meet additional demand	5	339	582	537	242	615	615	385	175	175	175
- to improve the level of service	2,995	5,726	9,486	9,891	7,438	11,185	12,885	4,915	2,025	2,025	2,025
- to replace existing assets	3,264	15,735	13,613	16,295	16,406	15,596	16,002	16,436	16,912	17,388	19,012
Increase/(decrease) in reserves	0	0	0	0	0	0	0	0	0	0	0
Increase/(decrease) of investments	2,419	3,908	-820	-1,210	336	-888	359	343	47	-172	100
Total application of capital funding	8,683	25,708	22,861	25,513	24,422	26,508	29,861	22,079	19,159	19,416	21,312

Surplus/(deficit) of capital funding	-8,677	-10,371	-10,744	-12,009	-13,123	-14,095	-15,263	-16,445	-16,180	-16,303	-17,019

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

Income Statement for the Years Ended 30 June 2022 - 2031 for Property
(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	8,091	9,155	9,661	11,906	13,325	15,270	17,049	18,501	21,328	21,781	22,594
External revenue	16,673	17,091	17,646	18,165	18,700	19,249	19,814	20,415	21,055	21,714	22,372
Grants and subsidies revenue	0	60	0	0	0	0	0	0	0	0	0
Development contributions revenue	6	200	295	302	309	316	323	287	294	300	307
Vested assets	0	0	0	0	0	0	0	0	0	0	0
Internal revenue	8,081	7,659	7,873	8,150	8,380	8,590	8,804	9,033	9,277	9,528	9,775
Total revenue	32,851	34,165	35,475	38,523	40,714	43,425	45,990	48,236	51,954	53,323	55,048

Expenditure
Personnel costs	3,372	3,522	3,490	3,546	3,602	3,671	3,744	3,823	3,907	3,997	4,085
Operations and maintenance	6,377	6,946	7,189	7,434	7,714	7,975	8,245	8,531	9,912	10,255	10,600
Occupancy costs	7,675	8,493	8,844	9,248	9,644	10,061	10,501	10,943	13,206	13,674	14,133
Consumables and general	857	584	600	1,248	1,171	1,754	1,911	1,844	1,894	2,068	1,996
Grants and subsidies	137	157	160	162	165	168	171	175	179	183	187
Internal charges	2,984	2,559	2,631	2,697	2,764	2,833	2,904	2,980	3,060	3,143	3,224
Depreciation and amortisation	10,435	10,372	10,744	12,008	13,122	14,095	15,263	16,445	16,180	16,303	17,019
Interest	2,766	1,332	1,522	1,878	2,223	2,552	2,928	3,208	3,322	3,400	3,497
Total expenditure	34,603	33,965	35,180	38,221	40,405	43,109	45,667	47,949	51,660	53,023	54,741

Net surplus/(deficit)	-1,752	200	295	302	309	316	323	287	294	300	307

Expenditure by Activity
Community Housing	7,048	7,255	7,794	8,336	8,862	9,285	9,743	10,259	10,716	11,231	11,690
Community Property	4,466	5,117	5,315	5,655	5,958	6,508	7,368	8,417	11,808	12,196	12,584
Investment Property	3,627	3,859	3,869	3,981	4,110	4,246	4,387	4,530	4,683	4,823	4,962
Operational Property	13,044	12,124	12,744	14,048	15,252	16,155	16,982	17,501	17,030	17,039	17,709
Property Management and Land Advisory	6,418	5,610	5,458	6,201	6,223	6,915	7,187	7,242	7,423	7,734	7,796
Total expenditure	34,603	33,965	35,180	38,221	40,405	43,109	45,667	47,949	51,660	53,023	54,741

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