Funding Impact Statement and Income Statement - Waste Management

Funding Impact Statement for the Years Ended 30 June 2022 - 2031 for Waste Management
(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	576	0	11	11	4	-1	3,008	3,529	4,254	5,074	5,592
Targeted rates	2,899	4,650	7,774	12,492	12,980	13,424	13,886	14,366	14,865	15,385	15,925
Subsidies and grants for operating purposes	0	0	0	0	0	0	0	0	0	0	0
Fees and charges	8,187	11,390	11,955	11,578	12,653	12,107	12,232	12,556	12,710	12,714	12,702
Internal charges and overheads recovered	1,200	1,674	1,721	1,764	1,808	1,854	1,900	1,949	2,002	2,056	2,109
Local authorities fuel tax, fines, infringement fees, and other receipts	0	0	0	0	0	0	0	0	0	0	0
Total operating funding	12,862	17,714	21,461	25,845	27,445	27,384	31,026	32,400	33,831	35,229	36,328

Application of operating funding
Payments to staff and suppliers	12,047	14,636	15,713	22,332	23,396	22,575	25,226	26,083	26,985	27,913	28,855
Finance costs	179	309	728	1,071	1,320	1,752	2,154	2,403	2,652	2,811	2,941
Internal charges and overheads applied	882	898	923	946	969	994	1,018	1,045	1,073	1,102	1,131
Other operating funding applications	0	0	0	0	0	0	0	0	0	0	0
Total application of operating funding	13,108	15,843	17,364	24,349	25,685	25,321	28,398	29,531	30,710	31,826	32,927

Surplus/(deficit) of operating funding	-246	1,871	4,097	1,496	1,760	2,063	2,628	2,869	3,121	3,403	3,401

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	8,618	17,434	6,659	10,843	19,469	8,714	8,739	8,752	2,438	6,655
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	8,618	17,434	6,659	10,843	19,469	8,714	8,739	8,752	2,438	6,655

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	449	7,973	18,744	7,285	10,697	21,334	8,703	8,832	10,148	1,390	5,100
- to replace existing assets	351	300	294	481	472	474	497	534	525	2,248	3,108
Increase/(decrease) in reserves	0	0	0	0	0	0	0	0	0	0	0
Increase/(decrease) of investments	-1,046	2,216	2,493	389	1,434	-276	2,142	2,242	1,200	2,203	1,848
Total application of capital funding	-246	10,489	21,531	8,155	12,603	21,532	11,342	11,608	11,873	5,841	10,056

Surplus/(deficit) of capital funding	246	-1,871	-4,097	-1,496	-1,760	-2,063	-2,628	-2,869	-3,121	-3,403	-3,401

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

Income Statement for the Years Ended 30 June 2022 - 2031 for Waste Management
(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	3,475	4,650	7,785	12,503	12,984	13,423	16,894	17,895	19,119	20,459	21,517
External revenue	8,187	11,390	11,955	11,578	12,653	12,107	12,232	12,556	12,710	12,714	12,702
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	1,200	1,674	1,721	1,764	1,808	1,854	1,900	1,949	2,002	2,056	2,109
Total revenue	12,862	17,714	21,461	25,845	27,445	27,384	31,026	32,400	33,831	35,229	36,328

Expenditure
Personnel costs	851	861	872	886	900	917	936	955	977	999	1,021
Operations and maintenance	8,755	10,669	11,602	17,567	17,472	17,253	19,761	20,458	21,180	21,922	22,688
Occupancy costs	78	72	76	79	83	88	93	97	102	107	111
Consumables and general	2,223	2,893	3,021	3,655	4,793	4,167	4,284	4,417	4,567	4,722	4,868
Grants and subsidies	140	140	142	145	147	150	153	156	159	163	167
Internal charges	882	898	923	946	969	994	1,018	1,045	1,073	1,102	1,131
Depreciation and amortisation	491	582	978	1,496	1,761	2,063	2,627	2,869	3,121	3,403	3,401
Interest	179	309	728	1,071	1,320	1,752	2,154	2,403	2,652	2,811	2,941
Total expenditure	13,599	16,424	18,342	25,845	27,445	27,384	31,026	32,400	33,831	35,229	36,328

Net surplus/(deficit)	-737	1,290	3,119	0	0	0	0	0	0	0	0

Expenditure by Activity
Landfills	8,077	10,169	10,942	11,940	13,187	12,874	15,989	16,812	17,671	18,479	18,983
Waste Minimisation	560	529	960	1,027	841	609	636	662	687	710	736
Recycling	3,250	3,815	3,793	3,891	4,000	4,116	4,231	4,363	4,511	4,664	4,808
Refuse/Litter Collection	1,712	1,911	2,647	8,987	9,417	9,785	10,170	10,563	10,962	11,376	11,801
Total expenditure	13,599	16,424	18,342	25,845	27,445	27,384	31,026	32,400	33,831	35,229	36,328

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