Funding Impact Statement and Income Statement - Water Supply

Funding Impact Statement for the Years Ended 30 June 2022 - 2031 for Water Supply
(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	0	0	0	0	0	0	0	0	0	0	0
Targeted rates	22,086	24,915	25,466	25,813	26,534	27,593	28,577	29,229	31,286	33,306	35,165
Subsidies and grants for operating purposes	0	0	0	0	0	0	0	0	0	0	0
Fees and charges	5,470	5,915	6,122	6,281	6,457	6,644	6,830	7,042	7,281	7,529	7,762
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	0	0	0	0	0	0	0	0	0	0	0
Total operating funding	27,556	30,830	31,588	32,094	32,991	34,237	35,407	36,271	38,567	40,835	42,927

Application of operating funding
Payments to staff and suppliers	13,035	13,477	13,951	14,339	14,795	15,301	15,823	16,384	17,033	17,695	18,291
Finance costs	1,361	813	1,191	1,252	1,339	1,442	1,556	1,740	2,071	2,423	2,834
Internal charges and overheads applied	1,453	1,516	1,559	1,598	1,638	1,679	1,721	1,765	1,813	1,862	1,910
Other operating funding applications	0	0	0	0	0	0	0	0	0	0	0
Total application of operating funding	15,849	15,806	16,701	17,189	17,772	18,422	19,100	19,889	20,917	21,980	23,035

Surplus/(deficit) of operating funding	11,707	15,024	14,887	14,905	15,219	15,815	16,307	16,382	17,650	18,855	19,892

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	150	610	801	819	837	856	875	803	821	839	858
Increase/(decrease) in debt	0	6,459	1,985	2,280	3,802	3,416	4,614	8,331	14,866	9,800	19,109
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	150	7,069	2,786	3,099	4,639	4,272	5,489	9,134	15,687	10,639	19,967

Application of capital funding
Capital expenditure
- to meet additional demand	58	1,532	1,281	1,485	2,060	1,938	2,075	2,540	3,276	3,026	3,640
- to improve the level of service	502	9,230	2,006	2,040	7,160	6,212	7,561	13,281	19,936	16,379	21,141
- to replace existing assets	7,227	9,788	4,998	5,210	7,548	6,891	7,410	8,886	11,949	11,984	16,883
Increase/(decrease) in reserves	0	0	0	0	0	0	0	0	0	0	0
Increase/(decrease) of investments	4,070	1,543	9,389	9,269	3,090	5,046	4,750	809	-1,824	-1,895	-1,805
Total application of capital funding	11,857	22,093	17,673	18,004	19,858	20,087	21,796	25,516	33,337	29,494	39,859

Surplus/(deficit) of capital funding	-11,707	-15,024	-14,887	-14,905	-15,219	-15,815	-16,307	-16,382	-17,650	-18,855	-19,892

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

Income Statement for the Years Ended 30 June 2022 - 2031 for Water Supply
(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	22,086	24,915	25,466	25,813	26,534	27,593	28,577	29,229	31,286	33,306	35,165
External revenue	5,470	5,915	6,122	6,281	6,457	6,644	6,830	7,042	7,281	7,529	7,762
Grants and subsidies revenue	0	0	0	0	0	0	0	0	0	0	0
Development contributions revenue	150	610	801	819	837	856	875	803	821	839	858
Vested assets	0	550	550	550	550	550	550	550	550	550	550
Internal revenue	0	0	0	0	0	0	0	0	0	0	0
Total revenue	27,706	31,990	32,939	33,463	34,378	35,643	36,832	37,624	39,938	42,224	44,335

Expenditure
Personnel costs	3,429	3,742	3,789	3,850	3,911	3,986	4,065	4,151	4,242	4,340	4,435
Operations and maintenance	5,180	5,114	5,328	5,474	5,634	5,815	5,997	6,209	6,484	6,803	7,067
Occupancy costs	3,770	4,117	4,312	4,480	4,701	4,934	5,179	5,424	5,687	5,912	6,128
Consumables and general	657	504	521	535	550	566	582	600	620	641	661
Grants and subsidies	0	0	0	0	0	0	0	0	0	0	0
Internal charges	1,453	1,516	1,559	1,598	1,638	1,679	1,721	1,765	1,813	1,862	1,910
Depreciation and amortisation	14,023	15,024	14,888	14,905	15,218	15,815	16,307	16,382	17,650	18,854	19,892
Interest	1,361	813	1,191	1,252	1,339	1,442	1,556	1,740	2,071	2,423	2,834
Total expenditure	29,873	30,830	31,588	32,094	32,991	34,237	35,407	36,271	38,567	40,835	42,927

Net surplus/(deficit)	-2,167	1,160	1,351	1,369	1,387	1,406	1,425	1,353	1,371	1,389	1,408

Expenditure by Activity
Water	29,873	30,830	31,588	32,094	32,991	34,237	35,407	36,271	38,567	40,835	42,927
Total expenditure	29,873	30,830	31,588	32,094	32,991	34,237	35,407	36,271	38,567	40,835	42,927

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