Funding Impact Statement and Income Statement - Roading and Footpaths

Funding Impact Statement for the Years Ended 30 June 2022 - 2031 for Roading and Footpaths
(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	17,380	17,875	21,389	23,136	27,501	30,695	33,795	38,600	40,247	42,520	43,449
Targeted rates	30	30	32	34	36	38	40	42	45	47	48
Subsidies and grants for operating purposes	10,539	10,158	10,383	10,593	10,900	11,216	11,541	11,876	12,220	12,587	12,952
Fees and charges	1,183	1,126	1,162	1,196	1,231	1,267	1,303	1,341	1,380	1,422	1,463
Internal charges and overheads recovered	0	0	0	0	0	0	0	0	0	0	0
Local authorities fuel tax, fines, infringement fees, and other receipts	933	846	873	899	925	952	980	1,008	1,037	1,069	1,100
Total operating funding	30,065	30,035	33,839	35,858	40,593	44,168	47,659	52,867	54,929	57,645	59,012

Application of operating funding
Payments to staff and suppliers	24,522	23,923	24,761	25,574	26,367	27,236	28,068	28,900	29,754	30,652	31,532
Finance costs	1,191	2,530	2,266	2,661	3,124	3,558	3,955	4,278	4,478	4,633	4,795
Internal charges and overheads applied	1,828	1,826	1,876	1,923	1,970	2,022	2,073	2,126	2,185	2,242	2,300
Other operating funding applications	0	0	0	0	0	0	0	0	0	0	0
Total application of operating funding	27,541	28,279	28,903	30,158	31,461	32,816	34,096	35,304	36,417	37,527	38,627

Surplus/(deficit) of operating funding	2,524	1,756	4,936	5,700	9,132	11,352	13,563	17,563	18,512	20,118	20,385

Sources of capital funding
Subsidies and grants for capital expenditure	28,409	16,856	15,171	16,796	16,641	13,063	16,111	14,791	12,625	10,907	12,557
Development and financial contributions	344	721	481	492	503	514	525	671	686	701	717
Increase/(decrease) in debt	0	8,852	12,264	15,457	17,040	13,448	14,372	8,299	5,762	5,119	6,243
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	28,753	26,429	27,916	32,745	34,184	27,025	31,008	23,761	19,073	16,727	19,517

Application of capital funding
Capital expenditure
- to meet additional demand	1,264	1,376	1,460	1,783	1,741	1,451	1,626	1,353	1,223	1,155	1,224
- to improve the level of service	18,996	17,194	15,220	16,653	17,145	15,607	17,588	12,344	8,458	6,462	7,086
- to replace existing assets	12,220	21,431	26,272	31,410	30,030	28,122	31,126	29,262	30,450	30,985	32,375
Increase/(decrease) in reserves	0	0	0	0	0	0	0	0	0	0	0
Increase/(decrease) of investments	-1,203	-11,815	-10,100	-11,401	-5,600	-6,804	-5,770	-1,635	-2,545	-1,758	-784
Total application of capital funding	31,277	28,185	32,852	38,445	43,316	38,377	44,571	41,324	37,585	36,845	39,902

Surplus/(deficit) of capital funding	-2,524	-1,756	-4,936	-5,700	-9,132	-11,352	-13,563	-17,563	-18,512	-20,118	-20,385

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

Income Statement for the Years Ended 30 June 2022 - 2031 for Roading and Footpaths
(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	17,409	17,905	21,421	23,170	27,537	30,733	33,835	38,643	40,292	42,567	43,497
External revenue	1,183	1,126	1,162	1,196	1,231	1,267	1,303	1,341	1,380	1,422	1,463
Grants and subsidies revenue	39,880	27,860	26,427	28,288	28,466	25,231	28,632	27,675	25,883	24,562	26,608
Development contributions revenue	344	721	481	492	503	514	525	671	686	701	717
Vested assets	0	1,450	1,450	1,450	1,450	1,450	1,450	1,450	1,450	1,450	1,450
Internal revenue	0	0	0	0	0	0	0	0	0	0	0
Total revenue	58,816	49,062	50,941	54,596	59,187	59,195	65,745	69,780	69,691	70,702	73,735

Expenditure
Personnel costs	4,275	4,324	4,379	4,449	4,520	4,606	4,698	4,797	4,902	5,015	5,125
Operations and maintenance	15,948	15,557	16,218	16,827	17,428	18,080	18,693	19,292	19,900	20,534	21,157
Occupancy costs	1,613	1,695	1,749	1,802	1,855	1,909	1,965	2,022	2,082	2,144	2,207
Consumables and general	2,676	2,335	2,410	2,482	2,554	2,628	2,704	2,783	2,863	2,949	3,035
Grants and subsidies	10	10	10	10	10	11	11	11	11	12	12
Internal charges	1,828	1,826	1,876	1,923	1,970	2,022	2,073	2,126	2,185	2,242	2,300
Depreciation and amortisation	23,428	24,957	24,145	24,437	24,601	24,628	24,845	25,009	25,699	27,043	28,296
Interest	1,191	2,530	2,266	2,661	3,124	3,558	3,955	4,278	4,478	4,633	4,795
Total expenditure	50,969	53,234	53,053	54,591	56,062	57,442	58,944	60,318	62,120	64,572	66,927

Net surplus/(deficit)	7,847	-4,172	-2,112	5	3,125	1,753	6,801	9,462	7,571	6,130	6,808

Expenditure by Activity
Transport	50,969	53,234	53,053	54,591	56,062	57,442	58,944	60,318	62,120	64,572	66,927
Total expenditure	50,969	53,234	53,053	54,591	56,062	57,442	58,944	60,318	62,120	64,572	66,927

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