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1.1', Dr the y, ^,.. r Gini, .e. ,.:BID Julm. e :^-, D 141

SHIRE OF DONNYBROOK/BALINGUP

FINANCIAL REPORT

FOR THE YEAR ENDED 30TH JUNE 20.4

Statement by Chief Executive Officer

Statement of Comprehensive Income by Nature or Type

Statement of Comprehensive Income by Program

Staement of Financial Position

Statement of Changes in Equity

Statement of Cash Flows

Rate Setting Statement

Notes to and Forming Part of the Financial Report

Independent Audit Report

Appendices supporting the Notes to the Financial Report

Internal Management Reporting Schedules

TABLE OF CONTENTS

Note: The principal place of business of the Shire of Donnybrook I Baling up is:Corner Collins and Bentley Streets, Donnybrook WA 6239

Page No.

2

3

4-5

6

7

8

9

10 - 61

62 - 63

64 - 83

Page I

SHIRE OF DONNYBROOKIBALINGUP

LOCAL GOVERNMENT ACT 1995

LOCAL GOVERNMENT (FINANCIAL MANAGEMENT) REGULATIONS 1996


The attached financial report of the Shire of Donnybrook I Baling up being the annual financial report,supporting notes and other information for the financial year ended 30th June 2014 arein my opinion properly drawn up to present fairly the financial position of the Shire ofDonnybrookI Baling up at 30th June 2014 and the results of the operations for the financialyear then ended in accordance with the Australian Accounting Standards and comply withthe provisions of the Local Government Act 1995 and regulations under that Act

FINANCIAL REPORT

STATEMENT BY CHIEF EXECUTIVE OFFICER

Signed as authorisation of issue on the 12th day of November 2014

o R Attoood

C Ief Executive Officer

Page 2

Revenue

Rates

Operating Grants, Subsidies andContributions

Fees and ChargesInterest EarningsOther Revenue


STATEMENT OF COMPREHENSIVE INCOME

B Y NA TURE OR TYPE

FOR THE YEAR ENDED 30TH JUNE 2014

ExpensesEmployee CostsMaterials and Contracts

Utility ChargesDepreciation on Nori Current AssetsInterest ExpensesInsurance ExpensesOther Expenditure

NOTE

Less Applicable to Capital Works

23

20.4

$

29

28

2(a)2(a)

Non-Operating Grants, Subsidiesand Contributions

Profit on Asset DisposalsLoss on Asset Disposals

3,646,931

2,488,5432,035,077

297,553720,973

20.4

Budget$

NET RESULT

Other Comprehensive Income

Changes on revaluation ofnori-current assets

"'89,076

2(a)2(a)

3,640202

(4,601 754)(2,945p86)

(383, , 02)(3,277,892)

(66,968)(288768)(527,328)

2,624,8331,983,928

306,310309.1 03

Total Other Comprehensive Income

20.3

$

TOTAL COMPREHENSIVEINCOME

8,864,376

(4,645p67)(3,465,481)

(333,378)(2,776785)

(71,117)(261,167)

^Z(, 2,156,257)

617,175

This statement is to be read in conjunction with the accompanying notes

(, 2,090,898)379,540

3,374,446

(,,, 711,358)

3,322,4221,957,858

378,2951,756,982

29

21

21

(2,522,282)

I0,790,002

2,646, I I O3,322

tiff, 114)

(4,124,895)(2,939,076)

(362,258)(2,775,353)

(67,760)(263,964)(536,874)

(I , ,539,082)(2,674,706)

13

I0,036

8,023,45822,200

(31,800)

(, 1,070,18"364,073

(2.1 36,338)

(, 0,706,008)

(2,136,338)

5,339, , 52

(2,126,302)

83,893

2,294,72067,246

(48,680)

2,397, , 80

o

5,339, , 52

o

21,034,774

21,034,774

23,431,954

Page 3

Revenue

Governance

General Purpose FundingLaw, Order, Public SafetyHealth

Education and Welfare

Community AmenitiesRecreation and Culture

TransportEconomic Services

Other Property and Services


STATEMENT OF COMPREHENSIVEINCOME

BY PROGRAM


Expenses Excluding Finance CostsGovernance



Community AmenitiesRecreation & Culture



NOTE

2(a)

20.4

$

28,1234,770,325

218,708440,052

1,941,0481,014,164

247,806386,539255,041187,269

Finance Costs

General Purpose FundingHealth

Education and WelfareRecreation and CultureEconomic Services

20.4

Budget$

2(a)

20,5004,889,098

148,930138,912

19/2,705939,374271,793199,509267,855

76,200

Non Operating Grants, Subsidiesand Contributions

Law, Order, Public SafetyEducation and Welfare


Transport

', 189,076

20.3

$

(672,675)Uus, ,, 0)(559739)(160,338)

(2,117,697)(1,545,150)(2,035,293)(3,628,577)

(535792)(191P18)

26,7775,309,750

542,521I34244

1,991 p69921p, 9228,671

1,286p02253,183

96,7658,864,876

2(a)

(, 79,593)(758,714)(518,547)(472,134)

(2,117,432)(,, 784,083)(2,173,999)(3,102,630)

(581,384)

(, 1,644,389)

o

(7,606)(35,248)

(2,645)^Î

(66,968)

I0,790,002

(625,069)(193,771)(789,032)034,428)

(1,992,258)(1,376,150)(2,033,857)(2,889760)

(501,284)(102,740)

(I I, 468,465)

(1,000)(7,541)

(36,766)(776)

^z01,117)

79949

277,308o

2,60082,300

2,283,902

( t 0,638,348)

2,646, I 10

o

(8,046)(31,147)(I, t80)

(27,388)

2,049,2493,160,000

o

337,0472,477, , 62

(67,760)

8,023458

295,285o

o

33,371I, 966,0632,294,720

Page 4

Profitl(Loss) on Disposal of AssetsGovernance

Law, Order, Public SafetyHealth





STATEMENT OF COMPREHENSIVE INCOME

BY PROGRAM (continued)FOR THE YEAR ENDED 30TH JUNE 20.4

NET RESULT

NOTE

Other Comprehensive Income

Changes on revaluation ofnon-current assets

2014

$

Total Other Comprehensive Income

o

(5,598)o

(,, 503)o

62

(23,801)^).

(I 13,792)

TOTAL COMPREHENSIVE INCOME

20.4

Budget

This statement is to be read in conjunction with the accompanying notes.

o

o

o

o

o

o

(9,600)o

2013

$

13 ,!^Z

(2.1 36,338)

I0,036

(9,595)50,842(3,661 )

o

(5,463)o

(6.27 I )(7,285)

(9,600)

5,339,152

(2.126,302)

a 8,567

2,397,180

o

5,339,152

o

21,034,774

21,034,774

23,431,954

Page 5

CURRENT ASSETS

Cash and Cash EquivalentsRestricted Assets (Reserves)Accounts Receivable (Rates Debtors)Accounts Receivable (Other Debtors)Accrued Income

PrepaymentsInventories (Stock on Hand)TOTAL CURRENT ASSETS


STATEMENT OF FINANCIAL POSITION

As AT 30TH JUNE 20.4

NON. CURRENT ASSETS

Deferred Debtors (Self Support. Loans)Pensioner Deferred Rates

Long Term InvestmentsAccrued Income

Land and BuildingsInfrastructure, Roads, Streets etc.Plant I Mobile EquipmentFurniture and EquipmentTOTAL NON. CURRENT ASSETS

NOTE

3

3

5

5

5

5

6

TOTAL ASSETS

CURRENT LIABILITIES

Accounts Payable (Creditors)PrepaymentsIncome prepaid in AdvanceAccrued ExpensesShort Term BorrowingsCurrent Portion of Long Term BorrowingsEmployee ProvisionsTOTAL CURRENT LIABILITIES

20.4

$

5

5

4

5

7

8

7

7

o

6,981,404194,638513,148I71,665

2,955481,661

NON. CURRENT LIABILITIES

Long Term BorrowingsBond LiabilityPreston Village Lease LiabilityDeferred Accounts PayableLong Term Employee ProvisionsTOTAL NON-CURRENT LIABILITIES

2013

8,345, I 72

852,3105,939799

153,644839,542

1,103,8t22,216

253,769

o

7422025000

359,63719,720,207

142,436,5543,138,254

335,984

9

9

9

9

10

10

it

TOTAL LIABILITIES

NET ASSETS

9,145,094

EQUITY

Retained SurplusReserves - Cash/Investment Backed

Revaluation SurplusTOTAL EQUITY

5,62461,25025,000

31 I, 92822,445,045

140,552,9293,134,423

382,773166,089,856

174,435,028

10

10

10

9

11


597,541o

48,03191,529

319, ,33354,571519,463

166,918,943

176,064,037

1,930,268

358,9375,000

o

371,075o

193, , 88514,756

916,508a87,229

3,415,000109,171313,793

12

13

I, 442,957

4.94 I, 702

6,871,970

I, 276,080187,229

3.1 25,00089,330

254,081

167,563,058

23,855,6536,839,505

136,867,900

4,931,720

167,563,058

Page 6

6,374,677

,69,689,360

25,186,3755,498747

I39,004,238169,689,360

Balance as at 1st July 20.2

Comprehensive Income

Net Result

Changes on Revaluation of Nori Current Assets

Total Comprehensive Income

Transfer from/(to) Reserves

Balance as at 30 June 20'13


STATEMENT OF CHANGES IN EQUITYFOR THE YEAR ENDED 30TH JUNE 2014

NOTE

Comprehensive Income

Net Result

Changes on Revaluation of Non Current Assets

Total Comprehensive Income

Transfer from/(to) Reserves

Balance as at 30 June 20.4

RETAINED

SURPLUS

$

RESERVES

CASH/INVESTMENT

BACKED

$

22,639, ,97

13


2,397,180

ASSET

REVALUATION

RESERVES

$

2,397,180

5,648,745

149998

25, ,86,375

13

o

117,969,464

10,036

o

TOTAL EQUITY

$

I49998

o

25,196,414

(t, 340,758)

5,498,747

o

21,034,774

23,855,653

21,034,774

146,257,406

,39,004,238

o

o

2,397,180

21,034,774

5,498,747

1,340,758

o

23,431,954

Page 7

o

(2,136,338)

6,839,505

469,689,360

136,867,900

o

,36,867,900

I0,036

(2,136,338)

o

167,563,058

167,563,058

o

Cash Flows From Operating ActivitiesReceiptsRates

Grants and Subsidies OperatingContributions, Reimbursements & Donations

Fees and ChargesInterest EarningsGoods and Services TaxOther Revenue


STATEMENT OF CASH FLOWS


PaymentsEmployee CostsMaterials and Contracts

Utility ChargesInsurance ExpensesInterest ExpensesGoods and Services Tax

Other ExpenditureLess Applicable to Capital Works

NOTE

Net Cash Provided byOperating Activities

20.4

$

Cash Flows from Investing ActivitiesPayments for Purchase of

Land and BuildingsPayments for Purchase ofPlant & EquipmentPayments for Construction of

Infrastructure

Advances to Community GroupsPayments for repayment of fixed loans

for Preston Retirement VillageNon-Operating Grants, Subsidies andContributions used for the Developmentof Assets

Proceeds from Sale of

Land and BuildingsProceeds from Sale of long termlease of Buildings

Proceeds from Sale of

Plant & EquipmentNet Cash Used in Investing Activities

3,640,6492,282,3961,082,6932,019,921

301,088I, 069,420

723,083

20.4

Budget$

11,11 9,250

3,634,3122,417,349

432,4391.95, ,640

31 0,0521.100,000

I I 5,952

(4,494,725)(3,072,431)

(360,879)(288,768)

(71,155)(, 075244)

(769392)379,540

2013

14(b)

9,961,744

3,301,4463,001,974

482,592I, 974,278

374,5531,155,201

493,994

(4,646,231 )(3,336,780)

(337,397)(261,167)

(73,816)(1,100,000)

(879,086)6.7,175

(9,753,054)

d, 366,196

Cash Flows from Financing ActivitiesRepayment of DebenturesProceeds from Self Supporting LoansProceeds from New Debentures

Net Cash Provided By Financing Activities

I0,784,037

(10,017,302)

(3,955,497)(3,242,643)

(377,244)(263,964)(65,997)

(1,160,816)(330p62)

364,073

^Z

67,013

(278, , 67)

Net Increasel (Decrease) in Cash HeldCash at Beginning of YearCash and Cash Equivalents at theEnd of Year

(4.154,634)o

^z

(5,280,920)

(280,000)


(1,681,359)

2,646, If O

(3,843,392)o

1,750,987

Up 14,426)

570,000

o

(,, 489,952)

(,, 310,151)

(60,275)

8,023458

o

(3,839,627)(, 81,000)

(, 98, , 88)I91,806

o

(890,000)

280,000

o

14(a)

(6,382)

(2,391,213)11 I, 000

(I 30,139)6,792, I I O

2,294,720

(193,188)191,806

o

6,661,971

489,356

o

(4,125,942)

(,, 382)

325,186

(2,448,153)6,792,110

Page 8

(106,457)I0,242

325,000

4,343,957

228,785

(2,146,170)8,938,280

6,792,110

Revenues

General Purpose Funding (Excl. Rates)Governance







RATE SETTING STATEMENT


ExpensesGeneral Purpose FundingGovernance






NOTE 2014

Net Operating result Excluding Rates

Adjustments for Cash Budget Requirements:Nori-Cash Expenditure and Revenue(Profit)/Loss on Asset DisposalsDepreciation on AssetsMovement in Employee Benefit ProvisionsMovement in Non Current AssetsMovement in Pensioner Deferred Rates

Capital Expenditure and RevenuePurchase Land and BuildingsPurchase Infrastructure Assets - RoadsPurchase Infrastructure Assets - Other

Purchase Plant and EquipmentPurchase Furniture and EquipmentProceeds from Disposal of AssetsProceeds from Leased PropertyRepayment of DebenturesAdvances to Community GroupsRepayment of Preston Village Fixed LoansProceeds from New Debentures

Self-supporting Loan Principal IncomeTransfers to Reserves (Restricted Assets)Transfers from Reserves (Restricted Assets)

ADD Surplus/(Deficit) July I B/FwdLESS (SurplusyDeficit June 30 C/Fwd

Amount Req'd to be Raised from Rates

1.123,39428,123

496,016440,052

1,941,0481,016,764

330,2872,673,582

255,041487,269

20.4

Budget

1,248,89620,500

2,198,179138,912

5,072,705939,374608,840

2,698,871267,855

76,2008,191,577

20.3

$

(, 98,110)(672,675)(565,337)(, 67,945)

(2,154,448)(,, 545,150)(2,038,058)(3,655,518)

(640,212)(, 9, .0.8)

1,935,30426,831

888,648134,244

1,991,069921,019262,043

3,268,415253,18396765

(180,593)(7587/4)(518,547)(179,675)

(2,154,198)(1,784,083)(2,174775)(3, I 34,430)

(606,418),!^^Z

tit, 571382)

* ,698,950

I3,270,332

(, I, 828,472)

(3,636,895)

21

2(a)

9,777,522

(193,771)(634,717)(789,032)(146,135)

(2,023405)(1,381,613)(2,035,037)(2,912,381)

(535,957)(I02,740)

I 13,7923277,892

67,001(27,877)(12,970)

(650,500)(2,187,744)(1,464,883)

(374,972)(26,056)

60,275570,000

(, 98, ,88)o

(280,000)o

191,806

(2,494,732)12

1,153,97412

2,35947123(b)(86,324)23(b)

23(a) ^Î

This statement is to be read in conjunction with the accompanying notes

24

9.1022

5

9,6002,776,785

(37,262)o

o

(I0,754,788)

(977,266)

22

(5,269,431)(2753,298)(I, 637,956)(1,582,740)

(98,619)I I I, 000280,000

(193,188)

(, 8,567)2,775,353

49,020(60,399)(29,762)

(952,265)(2,660,914)

(821,753)(968p64)(80770)325,186565,000

(, 06,457)(, 81,000)(890,000)

325,000I0,242

(1,054,235)I, 204,2332,532,442

(2,359,471)

(3,374,446)

191,806(968,881)2,530,3681,302,664

o

^^L

Page 9

,. SIGNIFICANT ACCOUNTING POLICIES


NOTES To AND FORMING PART OF THE FINANCIAL REPORTFOR THE YEAR ENDED 30TH JUNE 20.4

(a) Basis of PreparationThe financial report is a general purpose financial report which has been prepared inaccordance with the Australian Accounting Standards (as they apply to localgovernments and not-for-profit entities), Australian Accounting Interpretations, otherauthoritative pronouncements of the Australian Accounting Standards Board, theLocal Government Act 1995 and accompanying regulations. Material accountingpolicies which have been used in the preparation of this financial report are presentedbelow and have been consistently applied unless stated otherwise.

Except for cash flow and rate setting information, the report has been preparedon the accrual basis and is based on historical costs, modified, where applicable,by the measurement at fair value of selected non-current assets, financial assetsand liabilities.

Critical Accounting EstimatesThe preparation of a financial report in conformity with Australian AccountingStandards requires management to makejudgements, estimates and assumptions thateffect the application of policies and reported amounts of assets and liabilities,income and expenses.

The estimates and associated assumptions are based on historical experience andvarious other factors that are believed to be reasonable under the circumstances; theresults of which form the basis of making judgements about carrying values ofassets and liabilities that are riot readily apparent from other sources. Actual resultsmay differ from these estimates.

The Local Government Reporting EntityAll Funds through which the Shire controls resources to carry on its functions have beenincluded in the financial statements forming part of this financial report.

In the process of reporting on the local government as a single unit, all transactions and balancesbetween those funds (for example, loans and transfers between Funds) have been eliminated

All monies held in the Trust Fund are excluded from the financial statements, buta separate statement of those monies appears at Note 20 to these financial statements.

(b) Goods and Services TaxRevenues, expenses and assets are recognised net of the amount of GST, except where theamount of GST incurred is not recoverable from the Australian Taxation Office (ATO).

Receivables and payables are stated Inclusive of GST receivable or payable. The net amountof GST recoverable from, or payable to, the ATO is included with receivables or payables inthe Statement of Financial Position.

Cash flows are presented on a gross basis. The GST components of cash flows arising frominvesting or financing activities which are recoverable from, or payable to, the ATO arepresented as operating cash flows.

Page I O

,. SIGNIFICANT ACCOUNTING POLICIES (continued)



(c) Cash and Cash EquivalentsCash and cash equivalents include cash on hand, cash at bank, deposits available on demandwith banks, other short term highly liquid investments with original maturities of three months orless that are readily convertible to known amounts of cash and which are subject to aninsignificant risk of changes in value and bank overdraftsBank overdrafts are shown as short term borrowings in current liabilities in thestatement of financial position.

(d) Trade and Other ReceivablesTrade and other receivables include amounts due from ratepayers for unpaid rates andservice charges and other amounts due from third parties for goods sold and servicesperformed in the ordinary course of business

Receivables expected to be collected within 12 months of the end of the reporting period areclassified as current assets. All other receivables are classified as non-current assets.

Collectibi!ity of trade and other receivables is reviewed on an ongoing basis. Debtsthat are known to be uncollectable are written off when identified. An allowance for doubtfuldebts is raised when there is objective evidence that they will not be collectible.

(e) InventoriesGeneral

Inventories are valued at the lower of cost and net realisable value.

Net realisable value is the estimated selling price in the ordinary course of business less theestimated costs of completion and the estimated costs necessary to make the sale.

Land held for Resale

Land purchased for development and/or resale is valued at the lower of cost and netrealisable value. Cost includes the cost of acquisition, development and borrowingcosts and holding costs until completion of the development. Finance and holdingcharges incurred after development is completed are expensed

Gains and losses are recognised in the statement of comprehensive income at the time ofsigning an unconditional contract of sale if significant risks and rewards, and effectivecontrol over the land, are passed on to the buyer at this point.

Land held for resale is classified as current except where it is held as non-currentbased on Council's intentions to release for sale.

to Fixed AssetsEach class of fixed assets is carried at cost or fair value as indicated less, where applicable,any accumulated depreciation and impairment losses.

Mandatory Requirement to Revalue Non-Current AssetsEffective from I July 2012, the Local Government (Financial Management) Regulationswere amended and the measurement of non-current assets at Fair Value became mandatory.

The amendments allow for a phasing in of fair value in relation to fixed assets over three years as follows:

(a) for the financial year ending on 30 June 2013, the fair value of all of the assets of thelocal government that are plant and equipment; and

Page I I

I. SIGNIFICANT ACCOUNTING POLICIES (continued)

SHIRE OF DONNYBROOK/BALINGUPNOTES To AND FORMING PART OF THE FINANCIAL REPORT


to Fixed Assets (continued)

(b) for the financial year ending on 30 June 2014, the fair value of all of the assets of thelocal government -(i) that are plant and equipment; and(11) that are .

(1) land and buildings; or(11) infrastructure;

and

(c) for a financial year ending on or after 30 June 2015, the fair value of all of the assetsof the local government.

Thereafter. in accordance with the Regulations, each asset class must be revalued at least every 3 years,The Shire has commenced the process of adopting Fair Value in accordance with the Regulations.Relevant disclosures, in accordance with the requirements of Australian Accounting Standards,have been made in the financial report as necessary

Land Under Control

In accordance with Local Government (Financial Management) Regulation 16(a),the Shire is required to include as an asset (by 30 June 2003), Crown Land operated by thelocal government as a golf course, showground, racecourse or other sporting or recreational facility

of State or regional significance

Upon initial recognition, these assets were recorded at cost in accordance with AASB 1/6.They were then classified as Land and revalued along with other land in accordance with theother policies detailed in this Note.

Whilst they were initially recorded at cost, fair value at the date of acquisition was deemed costas perAASB 116.

Consequently, these assets were initially recognised at cost but revalued along with other itemsof Land and Buildings at 30 June 2014.

initial Recognition and Measurement between Mandatory Revaluation Dates.All assets are initially recognised at cost and subsequently revalued in accordance with the.mandatory measurement framework detailed aboveIn relation to this initial measurement, cost is determined as the fair value of theassets given as consideration plus costs incidental to the acquisition. For assetsacquired at no cost or for nominal consideration, cost is determined as fair value atthe date of acquisition. The cost of nori-current assets constructed by theCouncil includes the cost of all materials used in construction, direct labour onthe project and an appropriate proportion of variable and fixed overheads.

Individual assets aquired between initial recognition and the next revaluation of the asset class inaccordance with the madatory measurement framework detailed above, are carried at cost lessaccumulated depreciation as management believes this approximates fair value. They will be subjectto subsequent revaluation at the next anniversary date in accordance with the framework.

Revaluation

Increases in the carrying amount arising on revaluation of assets are credited to a revaluationsurplus in equity. Decreases that offset previous increases of the same asset are recognisedagainst revaluation surplus directly in equity. All other decreases are recognised in profit or loss.

Page I2




in Fixed Assets (continued)

TransistionalArrangementsDuring the time it takes to transition the carrying value of nori-current assets from the costapproach to the fair value approach, the Shire may still be utilising both methods acrossdiffering asset classes

Those assets carried at cost will be carried in accordance with the policy detailed in theinitial Recognition section as detailed above.

Those assets carried at fair value will be carried in accordance with the Revaluation

Methodology section as detailed above.

Early Adoption of AASBf3 - Fair Value MeasurementWhilst the new accounting standard in relation to Fair Value, AASB f 3 - Fair ValueMeasurement does not become applicable until the year ended 30 June 20.4 (in relation to(Council), given the legislative need to commence using Fair Value methodology for thisreporting period, the Council chose to early adopt AASB 13 (as allowed for in thestandard).

As a consequence, the principles embodied in AASB I3 - Fair Value Measurement havebeen applied to the previous reporting period (year ended 30 June 2043)

Land under Roads

In Western Australia, all land under roads is Crown land, the responsibility formanaging which, is vested in the local government.

Effective as at f July 2008, Council elected not to recognise any value for landunder roads acquired on or before 30 June 2008. This accords with the treatmentavailable in Australian Accounting Standard AASB 1051 Land Under Roads and thefact Local Government (Financial Management) regulation 16 (a) (1) prohibits localgovernments from recognising such land as an asset.

In respect of land under roads acquired on or after I July 2008, as detailed above,Local Government (Financial Management) Regulation 16 (a) (i) prohibits localgovernments from recognising such land as an asset.

Whilst such treatment is inconsistent with the requirements of AASB 1051, LocalGovernment (Financial Management) Regulation 4 (2) provides, in the event of suchan inconsistency, the Local Government (Financial Management) Regulationsprevail.

Consequently, any land under roads acquired on or after I July 2008 is not includedas an asset of the Shire.

Depreciation

The depreciable amount of all fixed assets including buildings but excluding freehold land, are depreciatedon a straight-line basis over the individual asset's useful life from the time the asset is held ready for use.Leasehold improvements are depreciated over the shorter of either the unexpired period of the lease or theestimated useful life of the improvements.

When an item of property, plant and equipment is revalued, any accumulated depreciation at the date ofthe revaluation is treated by:Eliminating it against the gross carrying amount of the asset with the net amount then restatedas the revalued amount of the asset

Page I3



NOTES To AND FORMING PART OF THE FINANCIAL REPORTFOR THE YEAR ENDED 30TH JUNE 2014

in Fixed Assets (continued)Depreciation (Continued)Major depreciation periods used for each class of depreciable asset are:

BuildingsOffice Furniture and EquipmentComputer EquipmentPlant and EquipmentInfrastructure:

BridgesRoad clearing and earthworksRoad PavementRoad Seal

CarparksCyclewaysFootpaths - ConcreteFootpaths - SlabStorm Water Drainage

The assets residual values and useful lives are reviewed, and adjusted if appropriate, at theend of each reporting period.

An asset's carrying amount is written down immediately to its recoverable amount if theasset's carrying amount is greater than its estimated recoverable amount.

Gains and losses on disposals are determined by comparing proceeds with the carrying amount.These gains and losses are included in the statement of comprehensive income.

Capitalisation ThresholdExpenditure on items of equipment under $1,000 may riot be capitalised. Rather it is recordedin a purpose specific register.

40 to I 00 years4 to I5 years4 to 5 years5 to I5 years

(g) Fair Value of Assets and LiabilitiesWhen performing a revaluation, the Shire uses a mix of both independent and management valuationsusing the following as a guide:

35 to 50 yearsriot depreciated40 to 45 years

I5 years40 years40 years50 years20 years50 years

Fair Value is the price that the Shire would receive to sell the asset or would have to pay to transfer aliability, in an orderly (i. e. unforced) transaction between independent, knowledgeable and willingmarket participants at the measurement date.

As fair value is a market-based measure, the closest equivalent observable market pricing information isused to determine fair value. Adjustments to market values may be made having regard to thecharacteristics of the specific asset. The fair values of assets that are not traded in an active market aredetermined using one or more valuation techniques. These valuation techniques maximise, to the extentpossible, the use of observable market data

To the extent possible, market information is extracted from either the principal market for the asset(i. e. the market with the greatest volume and level of activity for the asset or, in the absence of such amarket, the most advantageous market available to the entity at the end of the reporting period (i. e. themarket that maximises the receipts from the sale of the asset after taking into account transaction costsand transport costs).

For non-financial assets, the fair value measurement also takes into account a market participant'sability to use the asset in its highest and best use or to sell it to another market participant that woulduse the asset in its highest and best use.

Page I4




(g) Fair Value of Assets and Liabilities (continued)

Fair Value HierarchyAASB 13 requires the disclosure of fair value information by level of the fair value hierarchy, whichGategorises fair value measurement into one of three possible levels based on the lowest level that aninput that is significant to the measurement can be categorised into as follows:

Level I

Measurements based on quoted prices (uriadjusted) in active markets for identical assets or liabilitiesthat the entity can access at the measurement date.

Level2

Measurements based on inputs other than quoted prices included in Level I that are observable for theasset or liability, either directly or indirectly.

Level3

Measurements based on unobservable inputs for the asset or liability.

The fair values of assets and liabilities that are not traded in an active market are determined using one ormore valuation techniques. These valuation techniques maximise, to the extent possible. the use ofobservable market data. If all significant inputs required to measure fair value are observable, the asset orliability is included in Level2. If one or more significant inputs are not based on observable market data,the asset or liability is included in Level3.

Valuation techniquesThe Shire selects a valuation technique that is appropriate in the circumstances and for which sufficientdata is available to measure fair value. The availability of sufficient and relevant data primarily depends onthe specific characteristics of the asset or liability being measured. The valuation techniques selected bythe Shire are consistent with one or more of the following valuation approaches:

Market approachValuation techniques that use prices and other relevant information generated by market transactions foridentical or similar assets or liabilities.

Income approachValuation techniques that convert estimated future cash flows or income and expenses into a singlediscounted present value.

Cost approachValuation techniques that reflect the current replacement cost of an asset at its current service capacity.

Each valuation technique requires inputs that reflect the assumptions that buyers and sellers would usewhen pricing the asset or liability, including assumptions about risks. When selecting a valuation technique,the Shire gives priority to those techniques that maximise the use of observable inputs and minimise theuse of unobservable inputs. Inputs that are developed using market data (such as publicly availableinformation on actual transactions) and reflect the assumptions that buyers and sellers would generallyuse when pricing the asset or liability and considered observable, whereas inputs for which market data isnot available and therefore are developed using the best information available about such assumptionsare considered unobservable.

As detailed above, the mandatory measurement framework imposed by the Local Government(Financial Management) Regulations requires, as a minimum, all assets carried at a revalued amount tobe revalued at least every 3 years'

Page a 5

,. SUMMARY SIGNIFICANT ACCOUNTING POLICIES (continued)

SHIRE OF DONNYBROOKIBALINGUPNOTES To AND FORMING PART OF THE FINANCIAL REPORT


(h) Financial Instruments

initial Recognition and MeasurementFinancial assets and financial liabilities are recognised when the Shire becomes a party to thecontractual provisions to the instrument. For financial assets, this is equivalent to the date that thethe Shire commits itself to either the purchase or sale of the asset (i. e. trade date accounting isadopted).

Financial instruments are initially measured at fair value plus transaction costs, except where theinstrument is classified 'at fair value through profit or loss', in which case transaction costs areexpensed to profit or loss immediately.

Classification and Subsequent MeasurementFinancial instruments are subsequently measured at fair value, am onised cost using the effectiveinterest rate method, or at cost.

Amortised cost is calculated as:

(a) the amount in which the financial asset or finandal liability is measured at initial recognition;

(b) less principal repayments and any reduction for impairment; and

(0) plus or minus the cumulative amortisation of the difference, if any, between the amountinitially recognised and the maturity amount calculated using the effective interest rate method.

The effective interest method is used to allocate interest income or interest expense over the relevantperiod and is equivalent to the rate that discounts estimated future cash payments or receipts(including fees, transaction costs and other premiums or discounts) through the expected life (or whenthis cannot be reliably predicted, the contractual term) of the financial instrument to the net carryingamount of the financial asset or financial liability. Revisions to expected future net cash flows willnecessitate an adjustment to the carrying value with a consequential recognition of an income or expensein profit or loss.

in F1hancial assets at fair value through profit and lossFinancial assets are classified at "fair value through profit or loss" when they are held for trading for thepurpose of short-term profit taking. Such assets are subsequently measured at fair value with changesin carrying amount being included in profit or loss. Assets in this category are classified as current assets

(10 Loans and receivablesLoans and receivables are nori-derivative financial assets with fixed or deter minable payments that arenot quoted in an active market and are subsequently measured at amortised cost. Gains or losses arerecognised in profit or loss

Loans and receivables are included in current assets where they are expected to mature within 12 monthsafter the end of the reporting period.

(171 Held-to-maturity investmentsHeld-to-maturity investments are non-derivative financial assets with fixed maturities and fixed ordeter minable payments that the Council has the positive intention and ability to hold to maturity. Theyare subsequently measured at am or!ised cost. Gains or losses are recognised in profit or loss.

Held-to-maturity investments are included in non-current assets, where they are expected to maturewithin 12 months after the end of the reporting period. All other investments are classified as nori-current

Page 16

I. SUMMARY SIGNIFICANT ACCOUNTING POLICIES (continued)

(h) Financial Instruments (continued)



Classification and Subsequent Measurement (continued)

(^^) Available-for-sale financial assetsAvailable-tonsale financial assets are nori-derivative financial assets that are either not suitable to be

classified into other categories of financial assets due to their nature, or they are designated as suchby management. They comprise investments in the equity of other entities where there is neither afixed maturity nor fixed or deter minable payments.

They are subsequently measured at fair value with changes in such fair value (i. e. gains or losses)recognised in other comprehensive income (except for impairment losses). When the financial assetis derecognised, the cumulative gain or loss pertaining to that asset previously recognised in othercomprehensive income is reclassified into profit or loss.

Available-for sale financial assets are included in current assets, where they are expected to be soldwithin 12 months after the end of the reporting period. All other available-for-sale financial assets areclassified as non-current.

(v) Financial liabilitiesNon-derivative financial liabilities (excluding financial guarantees) are subsequently measured atam onised cost. Gains or losses are recognised in profit or loss.

ImpairmentA financial asset is deemed to be impaired if, and only if, there is objective evidence of impairment asa result of one or more events (a "loss event") having occurred, which will have an impact on the estimatedfuture cash flows of the financial asset(s).

In the case of available-fopsale financial assets, a significant or prolonged decline in the market value ofthe instrument is considered a loss event. Impairment losses are recognised in profit or loss immediately.Also, any cumulative decline in fair value previously recognised in other comprehensive income isreclassified to profit or loss at this point.

In the case of finanda! assets carried at am onised cost, loss events may include: indications that thedebtors or a group of debtors are experiencing significant financial difficulty, default or delinquency ininterest or principal payments; indications that they will enter bankruptcy or other financial reorganisation;and changes in arrears or economic conditions that correlate with defaults.

For financial assets carried at am onised cost (including loans and receivables), a separate allowanceaccount is used to reduce the carrying amount of financial assets impaired by credit losses. Afterhaving taken all possible measures of recovery, if management establishes that the carrying amountcannot be recovered by any means, at that point the written-off amounts are charged to the allowanceaccount or the carrying amount of impaired financial assets is reduced directly if no impairment amountwas previously recognised in the allowance account

DerecognitionFinancial assets are derecognised where the contractual rights to receipt of cash flows expire or theasset is transferred to another party whereby the Shire no longer has any significant continuatinvolvement in the risks and benefits associated with the asset

Financial liabilities are derecognised where the related obligations are discharged, cancelled or expiredThe difference between the carrying amount of the financial liability extinguished or transferred toanother party and the fair value of the consideration paid, including the transfer of nori-cash assets orliabilities assumed, is recognised in profit or loss.

Page 17

I. SUMMARY SIGNIFICANT ACCOUNTING POLICIES (continued)



in Impairment of AssetsIn accordance with Australian Accounting Standards the Shire's assets, other thaninventories, are assessed at each reporting date to determine whether there is any indicationthat they may be impaired.

Where such an indication exists, an impairment test is carried out on the the asset by comparingthe recoverable amount of the asset, being the higher of the asset's fair value less costs tosell and value in use, to the aset's carrying amount.

Any excess of the asset's carrying amount over its recoverable amount is recognisedimmediately in profit or loss, unless the asset is carried at a revalued amount in accordancewith another standard (e. g. AASB If 6) whereby any impairment loss of a revalued asset istreated as a revaluation decrease in accordance with that other standard.

For non-cash generating assets such as roads, drains, public buildings and the like, value inuse is represented by the depreciated cost of the asset.

in Trade and Other PayablesTrade payables and other payables represent liabilities for goods and services provided tothe Shire prior to the end of the financial year that are unpaid and arise when the Shirebecomes obliged to make future payments in respect of the purchase of these goods andservices. The amounts are unsecured and are usually paid within 30 days of recognition.

(k) Employee BenefitsShort-Term Employee BenefitsProvision is made for the Shire's obligations for short-term employee benefits. Short-term employeebenefits are benefits (other than termination benefits) that are expected to be settled wholly before12 months after the end of the annual reporting period in which the employees render the related service,including wages, salaries and sick leave. Short-term employee benefits are measured at the(undiscounted) amounts expected to be paid when the obligation is settled

The Shire's obligations for short-term employee benefits such as wages, salaries and sick leave arerecognised as a part of current trade and other payables in the statement of financial position. TheShire's obligations for employees' annual leave and long service leave entitlements are recognised asprovisions in the statement of financial position.

Other Long-Term Employee BenefitsProvision is made for employees' long service leave and annual leave entitlements not expected to besettled wholly within I2 months after the end of the annual reporting period in which the employeesrender the related service. Other long-term employee benefits are measured at the present value of theexpected future payments to be made to employees, Expected future payments incorporate anticipatedfuture wage and salary levels, durations or service and employee departures and are discounted at ratesdetermined by reference to market yields at the end of the reporting period on government bonds thathave maturity dates that approximate the terms of the obligations. Any Terneasurements for changes inassumptions of obligations for other long-term employee benefits are recognised in profit or loss in theperiods in which the changes occur.

The Shire's obligations for long-term employee benefits are presented as nori-current provisions in itsstatement of financial position, except where the Shire does not have an unconditional right to defersettlement for at least 12 months after the end of the reporting period, in which case the obligations arepresented as current provisions

(1) Borrowing CostsBorrowing costs are recognised as an expense when incurred except where they aredirectly attributabte to the acquisition, construction or production of a qualifyingasset. Where this is the case, they are capitalised as part of the cost of the particular assetuntil such time as the asset is substantially ready for its intended use or sale.

Page 18

,. SUMMARY SIGNIFICANT ACCOUNTING POLICIES (continued)

(in) ProvisionsProvisions are recognised when the Shire has a present legal or constructive obligation, as a result ofpast events, for which it is probable that an outflow of economic benefits will result and that oufflow canbe reliably measured,

SHIRE OF DONNYBROOl<IBALINGUPNOTES To AND FORMING PART OF THE FINANCIAL REPORT


Provisions are measured using the best estimate of the amounts required to settle the obligation at theend of the reporting period.

(n) LeasesLeases of fixed assets, where substantially all the risks and benefits incidental to the ownershipof the asset, but not legal ownership, are transferred to the Shire, are classified as finance leases.

Finance leases are capitalised recording an asset and a liability at the lower amounts equalto the fair value of the leased property, or the present value of the minimum lease payments,including any guaranteed residual values. Lease payments are allocated between the reduction ofthe lease liability and the lease interest expense for the period.

Lease assets are depreciated on a straight line basis over the shorter of their estimated usefullives or the lease term.

Lease payments for operating leases, where substantially all the risks and benefits remainwith the lessor, are charged as expenses in the periods in which they are incurred.

Lease incentives under operating leases are recognised as a liability and am ortised on astraight line basis over the life of the lease term

(0) Investment in AssociatesAn associate is an entity over which the Council has significant influence. Significant influence is thepower to participate in the financial operating policy decisions of that entity but is not control orjointcontrol of those policies. Investments in associates are accounted for in the financial statements byapplying the equity method of accounting, whereby the investment is initially recognised at cost andadjusted thereafter for the post-acquisition change in the Council's share of net assets of the assodate.In addition, the Council's share of the profit or loss of the associate is included in the Council's profit or loss

The carrying amount of the investment includes, where applicable, goodwill relating to the associate.Any discount on acquisition, whereby the Council's share of the net fair value of the associate exceedsthe cost of investment, is recognised in profit or loss in the period in which the investment is acquired.

Profits and losses resulting from transactions between the Council and the associate are eliminated tothe extent of the Council's interest in the associate.

When the Council's share of losses in an associate equals or exceeds its interest in the associate, theCouncil discontinues recognising its share of further losses unless it has incurred legal or constructiveobligations or made payments on behalf of the associate. When the associate subsequently makesprofits, the Council will resume recognising its share of those profits once its share of the profits equalsthe share of the losses not recognised.

(p) Interests in Joint ArrangementsJoint arrangements represent the contractual sharing of control between parties in a businessventure where unanimous decisions about relevant activities are required.

Separate joint venture entities providing joint venturers with an interest to net assets are classified as ajoint venture and accounted for using the equity method. Refer to note I(0) for a description of the equitymethod of accounting.

Joint venture operations represent arrangements wherebyjoint operators maintain direct interests ineach asset and exposure to each liability of the arrangement. The Shire's interests in the assets,liabilities, revenue and expenses of joint operations are included in the respective line items of thefinancial statements. Information about the joint ventures is set out in Note I7

Page I9

I. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)


FOR THE YEAR ENDED 30TH JUNE 20'14

(q) Rates, Grants, Donations and Other ContributionsRates, grants, donations and other contributions are recognised as revenues when the localgovernment obtains control over the assets comprising the contributions. Control over assetsacquired from rates is obtained at the commencement of the rating period or, where earlier, uponreceipt of the rates.

Where contributions recognised as revenues during the reporting period were obtained on thecondition that they be expended in a particular manner or used over a particular period, and thoseconditions were undischarged as at the reporting date, the nature of and amounts pertaining tothose undischarged conditions are disclosed in Note 2(c). That note also discloses the amountof contributions recognised as revenues in a previous reporting period which were obtained inrespect of the local government's operation for the current reporting period.

(r) SuperannuationThe Shire of Donnybrook/Baling up contributes to a number of Superannuation funds on behalf ofemployees' All funds to which Shire contributes are defined contribution plans.

(s) Current and Nori Current ClassificationIn the determination of whether an asset or liability is current or non-current, considerationis given to the time when each asset or liability is expected to be settled. The asset orliability is classified as current if it is expected to be settled within the next 12 months,being the Shire's operational cycle. In the case of liabilities where the Shire does nothave the unconditional right to defer settlement beyond 12 months, such as vested longservice leave, the liability is classified as current even if not expected to be settled withinthe next 12 months. Inventories held for trading are classified as current even if notexpected to be realised in the next 42 months except for land held for resale where it is heldas nori-current based on the Shire's intentions to release for sale

in Rounding Off FiguresAll figures shown in this annual financial report, other than a rate in the dollar, are rounded to thenearest dollar.

(u) Comparative FiguresWhere required, comparative figures have been adjusted to conform with changes in presentationfor the current financial year.

When the Council applies an accounting policy retrospective Iy, makes a restrospectiverestate merit or reclassifies items in its financial statement, an additional third statement of financialpostion as at the beginning of the preceding period, in addition to the minimum comparative financialstatements, is presented.

(v) Budget Comparative FiguresUnless otherwise stated, the budget comparative figures shown in this annualfinancial report relate to the original budget estimate for the relevant item ofdisclosure.

Page 20

,. SIGNIFICANT ACCOUNTING POLICIES (Continued)

(w) New Accounting Standards and Interpretations for Application in Future Periods

The AASB has issued a number of new and amended Accounting Standards and Interpretations that have mandatory application dates for future reporting periods,some of which are relevant to the Shire.

Management's assessment of the new and amended pronouncements that are relevant to the Council, applicable to future reporting periods and which have not yetbeen adopted are set out as follows:

co AASB 9 - Financial Instruments



(11) AASB 2010 -7 Amendmentsto Australian AccountingStandards arising from AASB 9(December 2010)

tAASB I, 3.4,5.7,104,102,108,112,118,120,121,127,128,134,132,136,137,139,1023 &1038 and Interpretations 2.5, to, 12.19 &1271

Title Issued I Compiled

December 2013

December 2013

Applicable

I January 2017

In

I January 2017

Nil - The objective of this Standard is to improve and simplify theapproach for classification and measurement of financial assetscompared with the requirements of AASB 139. Given the nature ofthe financial assets of the Council, it is riot anticipated the standardwill have any material effect.

Nil - The revisions embodied in this standard give effect to theconsequential changes arising from the issuance of AASB 9 which isnot anticipated to have any material effect on the Council (refer (i)above).

Impact

Page 21

I. SIGNIFICANT ACCOUNTING POLICIES (Continued)

(w) New Accounting Standards and Interpretations for Application in Future Periods (Continued)

Applicable I IIssued I Compiled

(111) AASB 2011 - 7 Amendments to AustralianAccounting Standards arising from theConsolidation and Joint ArrangementStandards INot-ForProfit entitiesI

IAASB I, 3.5,7.9,2009-11,101,107,112118,421,124,131.132,133,138,439,1023 & 1038 and Interpretations 5.9. ,6& 171

Title



(iv) AASB 2012-3: Amendments to AustralianAccounting Standards - Offsetting FinancialAssets and Financial Liabilities

IAASB I 321

December 2012 I January 2014

June 2012

Consequential changes to various standards arising from theissuance of AASB I0,11,42,127 and 428.

It is not expected to have a significant impact on Council.

I January 2014

Impact

This Standard adds application guidance to AASB 132: FinancialInstruments: Presentation to address potential inconsistenciesidentified in applying some of the offsetting criteria of AASBI32, including clarifying the meaning of "currently has a legallyenforceable right of set-off' and that some gross settlementsystems may be considered equivalent to net settlement.

This Standard is not expected to significantly impact theCouncil's financial statements.

Page 22

a. SIGNIFICANT ACCOUNTING POLICIES (Continued)

(w) New Accounting Standards and Interpretations for Application in Future Periods (Continued)

Applicable I I

(v) AASB 2013 - 3: Amendments to AASB 136 -Recoverable Amount Disclosures for Non-

Financial Assets

(vi) AASB 2013-8: Amendments to AustralianAccounting Standards - Australian

Implementation Guidance for Not-for-profitEntities - Control and Structured Entities

Title



IAASB to, 12 & 10491

(vii) AASB 2013-9: Amendments to Australian

Accounting Standards - ConceptualFramework, Materiality and Financialinstruments

Issued I Compiled

loperative dates: Part A ConceptualFramework - 20 December 2013; Part BMateriality - I January 2014; Part CFinancial Instruments - I January 20151

June 2013

October 2013

I January 2014

Notes:

''' Applicable to reporting periods commencing on or after the given date

December 2013

I January 2014

This standard makes amendments to AASB 136 and includes

requirements to disclose additional information when present valuetechniques are used to measure the recoverable amount of impairedassets.

It is not expected to have a significant impact on Council.

This standard adds Appendix E to AASB 10 to provideimplementation guidance for Not-for-profit entities regardingcontrol criteria from the perspective of not-for-profit entities.

It is riot expected to have a significant impact on Council.

Refer Title column

Impact

Part A of this standard makes various editorial corrections to

Australian Accounting Standards.

Part B of this standard deletes references to AASB 1031 in

various Australian Accounting Standards in advance of thewithdrawal of AASB 1031.

Part C of this standard makes consequential amendments toAASB 9 and numerous other standards and amends the

permissions around certain applications relating to financialliabilities reissued at fair value.

As the bulk of changes related either to editorial or referencechanges it is not expected to have a significant impact onCouncil.

Page 23

I. SIGNIFICANT ACCOUNTING POLICIES (Continued)

(x) Adoption of New and Revised Accounting Standards

During the current year, the entity adopted all of the new and revised Australian Accounting Standards and Interpretations which were compiled, became mandatoryand which were applicable to its operations.

These new and revised standards were:



Most of the standards adopted had a minimal effect on the accounting and reporting practices of the Shite as they did riot have a significant impact on the accountingor reporting practices or were either not applicable, largely editorial in nature, were revisions to help ensure consistency with presentation, recognition and measurementcriteria of IFRSs or related to topics not relevant to operations.

AASB 10

AASB I I

AASB , 2AASB I I9

AASB I 27

AASB a28AASB 2011 - 7

AASB 2011 - 9AASB20t, -, O

AASB 2012 - 2AASB 2012 - 3

PASB 2012 - 5AASB 2012 - to

Page 24

2. REVENUES AND EXPENSES



(a) Net Result

The Net Result includes:

(i) Charging as an Expense:

Auditors Remuneration

- Audit of the Financial Report- Additional Audit Services

Depreciation - By ClassBuildingsFurniture and EquipmentPlant and EquipmentInfrastructure - Roads

Infrastructure - Other

Interest Expenses (Finance Costs)Interest on Overdraft

Debentures (refer Note 22 (a))

2014

$

Rental Charges- Operating Leases (Photocopied- Operating Leases (Rec Centre Gym Equipment)- Operating Leases (Dell Computer Server)- Operating Leases (Dell Computers)- Operating Leases (Canon Scanner)

20.3

$

(ii) Crediting as Revenue:

I3,2509,200

Other Revenue

Reimbursements & RecoveriesCommissions

RoyaltiesOther

22,450

484,40572,987

292,3731,967000

461,128

12,5007,000

3,277,892

I9,500

466,13171,182

412,3491,402pOO

423,691

o

66,968

66,968

2,775,353

5,1249,0148,2303,7332,247

o

67,76067,760

28,349

2014

$

4,3068,5934,345

o

1,798

578,48789,08221,45331,950

19,042

20.3

$

720,973

1,257,64587,36721,818

390,152I756,982

Page 25

2, REVENUES AND EXPENSES Icontinued)(a) Net Result (Continued)



Interest EarningsInvestments- Reserve Funds

- Other Funds

Other Interest Revenue (refer note 27)

2. REVENUES AND EXPENSES (Continued)

(b) Statement of ObjectiveIn order to discharge its responsibilities to the community, the Shire has developed a set ofoperational and financial objectives. These objectives have been established both on an overallbasis and for each of its broad activities/programs.

The Shire's operations as disclosed in this financial statement encompass the following service orientatedactivities/programs:

GENERAL PURPOSE FUNDING

Objective: To collect revenue to allow for the provision of services.Activities: General rate revenue, general purpose grants and interest revenue.

20.4

$

194,01764,96038,576

GOVERNANCE

Objective: To provide a decision making process for the efficient allocationof scarce resources.

Activities: Administration and operation of facilities and services to members of Council;Other costs that relate to the tasks of assisting elected members and ratepayerson matters which do not concern specific council services.

20.4

Budget$

297,553

163,510I 10,00032,800

LAW, ORDER, PUBLIC SAFETYTo provide services to help ensure a safer community.Objective:Supervision of various local laws, fire prevention, animal control and StateActivities:

Emergency Service.

20.3

$

306,310

HEALTH

Objective: To provide an operational framework for good community health.Activities: Health Inspection and administration, preventative services and medicalcentre buildings.

241,306103,69433,295

EDUCATION AND WELFARETo meet the needs of the community in these areas.Objective:Operation of Frail Aged Hostel, Well Aged Housing, Home & Community Care,Activities:

Community Development, Child Care Centre & Youth Welfare.

378,295

HOUSING

Objective: To help ensure adequate housing.Activities: The Shire does not currently provide any services in this area.

Page 26

2. REVENUES AND EXPENSES (Continued)(b) Statement of Objective (Continued)



COMMUNITY AMENITIES

Objective: Provide services required by the communityActivities: Refuse and recycling collection services, operation of refuse disposal sites, townplanning & regional development, cemeteries, public conveniences andprotection of the environment.

RECREATION AND CULTURE

Objective: To establish and manage efficiently infrastructure and resourceswhich will help the social well being of the communityActivities: Maintenance of public Halls, parks and reserves, sporting facilities, libraries and museum.

TRANSPORT

Objective: To provide effective and efficient transport services to the community.Activities: Construction and maintenance of roads, drainage works, footpaths, parkingfacilities, traffic signs, street cleaning, street trees, private works and traffic management.

ECONOMIC SERVICES

Objective: To help promote the Shire and improve its economic well being.Activities: Promotion of tourism, maintenance of caravan parks, building control, noxious weed control,receipt of royalties and agency coinmisions for the Department of Transport.

OTHER PROPERTY & SERVICES

Activities: Plant repairs, public works overheads and other operational costs

Page 27

2. REVENUES AND EXPENSES Icontlnued)

ICj Conditions Over Contrlbu, ions

Grantl Contrlbulion

Granls for gridGrants 107 avid



Various conitibuiions from Developersfor upgrading of specific roadsRegional Road Group Grants

courts IMRWA)

Stale Blackspoi Grants

onoms myALGGC)

Commodity Roule Road FundingGrants

Roads 10 Recovery GrantsDepartment of Educalion (MeadSireet Parking Upgrade)Royallies for Regions Grants (CLGF2010/11 program)

FundlonI

ACllvi

Royalties for Regions Grants (CLGF201,112 pro ami

Trans

Royallies for Regions GrantsIRegional Component - Apple FunparkHerila e Plednc! 20, In 21

Trans

pen rig

Balance I I0,107J12

o

it

Cornmunily Infraslrudu, e ProgramGrants (RCLIP)

Trans ri

Trans

Pro^Cn Rel!reinenl Village{maintenance fees)

Transon

Department of Local GovernmentILOng Term Finandal Plannin I

Recelved PI20/2/13

39000

Trans on

100000

on

Trans orl

Department o1 Local GovernmentISIrategic Planning & Asse:Maria ement)

Trans on

299 558

1773d2

Department of Sport and Recreation -Kids' o:1 Granls

Expended ''20/2/13

Various

45247

Department of Aghculture - DrySeasons Grunt

o

Various

o

187467

OPParimenl of Local GovernmentMontlorce Plannin )

Recreation &Culture

a 050

o

14800

OS rig

Balance I I30/06i, 3

Department of Local Government IcetAd Implementation Grants)

25114

Education endWelfare

404 177

Various

Departmenl of Ag:iconure {LCDCUnspenl Fundsj

o

o

8065

200921

o

'06/8t

National Resource ManagementGrants Matsonia Conlrolj

1,773429,95

Governance

Received PI201.1,4

Depi Fire a Emergency ServicesILGGS Slate Eine ency Service)

39000

45247

I00 000

530000

o

Governance

175 129

Recreation &

Cullure

Total

38712

293 4.3

o

o

Expended PI20,3114

Recreation &

Culture

Notes

111 Ginnis I contributions recognised as revenues in a previous reporting period which were riot expended at the d. se@1the previous reporting period

121 New Grantslconlrlbuiions which have been recognised as revenues during the reporting period ant wildi had nci yet beenfully expended in Ihe manner spedfied by Ihe cuntnbulor

13} Grants I conltibutions which have been recognised as revenues in a previous reporting period or received in thecurrent reporting period and which were expended in Ihe curlenl reporting period in the manner specified by the conthbulor

Page 28

14.800

o

25114

404 177

o

25000

o

D

Governance

o

8065

213259

Law Order &

Public Safety

295 285

o

3477

70304

ClosingBalance

30/06/14

42294

$090

CoinmunilyAmenities

398.161

10 DOD

o

o

Conmun:tvAmen:ties

o

50400

o

1,954

38712

20 897

110 898

o

Law Order &Public Safel

o

34800

136 608

27690

o

39 000

12,506i

100000

131 839

o

o

25000

8065

213,259

o

275993

o

o

150.304

25 000

o

I ogo

D

14604

o

o

22,608

3009

'25/2

D

o

50 400

2,344,943

1,954

o

110 896

o

o

o

9271

20 000

, 36608

29.869

o

10 coo

13,839

6991

o

8720

o

359,747

o

o

24.507

o

o

25 000

o

o

2037

o

10 000

125.2

6744

,, 669,986

o

o

9271

20,000

o

19966

o

7963

7791

o

1976

I 0347"

o

o

25,000

o

o

o

'25/2

9200

o

23, .444

o

o

o

6777

o

598,849

o

9271

o

1186

I976

667298

3. CASH AND CASH EQUIVALENTSUnrestrictedRestricted



Municipal Trust Fund

The following restrictions have been imposed byregulations or other externalIy imposed requirements:

Waste Management ReserveBushfire Control & Management ReserveAged Housing ReserveEmployee Leave & Gratuity ReserveArbuthnott Memorial Scholarship ReserveTown Planning ReserveLand Development ReservePlant Replacement ReserveRoadworks Reserve (refer note 2(c))(Includes unspen! grants of $525,699)Valuation Reserve

Central Business District Reserve

Buildings ReserveBuilding Maintenance ReserveElectronic Equipment Replacement ReserveApple Funpark ReserveTotal Reserves

Other Restricted Cash (refer also Note IO)Royalties for Regions (CLGF 201 1/12)Royalties for Regions (Regional - Heritage Precinct))WA Local Govt Grants Commission - Trevena Rd BridgeDept. Local Government Grant - Integrated PlanningPreston Retirement Village (maintenance fees - residents)Dept. Sport & Recreation (Kidsport Program)Dept. Local Government Grant - Cat Act ImplementationLandcare District Committee Surplus FundsNational Resource Management Grant - Watsonia controlDFES - Unspent LGGC Grants for SES

Note

20.4

$

(319,133)6,981,1046,661,971

42

12

12

12

12

1212

1212

1,508,673

20.3

$

852.3, O5,939,799

804,415I I, 771

1,692,938161,978

4,09046,072

I07,703624,113

2,255,968

4. INVESTMENTS

6,792, I 10

1,845,901

Financial assets at fair value

through profit and lossFinancial Assets at fair value

Through profit and lossAt beginning of the yearRevaluation to Income StatementAdditions

DisposalsAt end of Year

12

12

12

1212

12

741,713a 1,370

1,688,410154,699

4,14365,25469,100

389,3321,388,995

3808644730

795,7409841674,19079,296

2(c)2(c)2(c)2(c)2(c)2(c)2(c)2(c)2(c)2(c)

Held for Trading- ADl - FRNs

- CDO FRNs

" Unlisted Shares (Community Bank)

6,839,505

2,32943,205

730,91585,40152,91170,971

oo

100,000o

49,9669,200

o

9,2711,1861,976

No restrictions have been imposed by regulations or otherexternal Iy imposed requirements in respect to the above investments.

5,498,747

11 0,896I31,839100,0004500014,6046,991

12,51292717,9631,976

6,981,104

20.4

$

25,000

5,939799

20.3

$

25,000o

oo

25000

Page 29

25,000

oo

25,000

25,000oo

o

25,000

25,000

o

o

25,00025,000

5. TRADE AND OTHER RECEIVABLES



Current

Rates OutstandingGeneral

Penalty InterestSanitation

Admin. Charge & InterestWaste Management LevyFire LevyPool InspectionLegal

Emergency Services Levy Receivable

Sundry Debtors

GST Receivable

Self Supporting Loan DebtorsBaling up "Vintage" Aged Accommodation UnitsDonnybrook Country Club

Accrued Income

Donnybrook Transit Park IncomeDept. Transport Licensing CommissionsDonnybrook Recreation Centre IncomeInterest on Bendigo Bank Cheque AccountsBaling up Transit Park IncomePreston Retirement Village Deferred ChargesPreston Retirement Village Maintenance ChargesBulk Refuse Charges - Donnybrook Landfill SiteRanger Services Income/ReimbursementsStone Royalties/Lease IncomeInterest on Self Supporting Loan 85 Dbk Country ClubSubdivisional Contributions

Insurance Claim Reimbursement (Southampton Rd Bridge)Reimbursements Storm Damage 22/9/13 (WAANDRA)Reimbursements Legal Fees (Waste Contracts)Miscellaneous Reimbursements

20.4

$

116,107I4,4239,395

62

I6.1 573469

29,204

20.3

$

95,29217,4416,379

50

10,8503444

14,022185,452

9,4869,186

PrepaymentsIndustrial Service Subscription (Tuia Lodge)Landgate Subscription for Cadastre & Aerial DataComputer Lease chargesStorage Swiches and Disk for ServerInternet Charges (Westnet)

459,571459,571

144.1, O

47,95347,953

9,5359,535

o

5,624

605,608605,608

5,624

o

6,553251

206

1,77937,3041080

238

9,162o

o

oo

108,4915,645

986

42,129

42,129

181,000I0,806

491,806

1,4416,530

449707

954

22,838o

o

6,191I, 818

257

67141,055,913

o

o

o

I71,665

o

1,320568

734332

1,103,812

Page 30

2,955

882406

956

1,260o

oo

2,216

2,099,215

5. TRADE AND OTHER RECEIVABLES (continued)



Non-Current

Pensioner Deferred Rates

Self Supporting Loan DebtorsDonnybrook Country Club

Long Term InvestmentsShares in Donnybrook Capel DistrictsFinancial Services - Community Bank

Accrued Income

Preston Retirement Village Deferred ChargesEmployee Entitlements (LSL Contributions)

6. INVENTORIES

Current

Recreation Centre Kiosk SuppliesFuels and Oils - at cost

Gravel Stockpiled

20.4

$

74,22074,220

20.3

$

oo

25,000

61,250

25,000

61,250

345,77413,866

5,6245,624

359,637

458,857

25,00025,000

29805313,875

852

6,405474,404

311,928

481,661

403,802

1,2248,141

244,404253769

Page 31



7. PROPERTY, PLANT AND EQUIPMENT

Freehold LandAt Cost

Independent Valuation 20.4

Land Vested in & Under the Control of Council

At Cost

Independent Valuation 2014

Total Land

BuildingsAt Cost

Independent Valuation 2014Less Accumulated Depreciation

Total Land & Buildings

2014

$

Furniture and Equipment - CostLess Accumulated Depreciation

Plant and Equipment - Independent Valuation 2013Additions Fair Value

Less Accumulated Depreciation

4,715,7004,715,700

20.3

$

Land and Buildings

The Shire's land and buildings were revalued at 30 June 2014 by independent valuers. In relation to landand non-specialised buildings, valuations were made on the basis of observable open market values ofsimilar assets, adjusted for condition and coinparability, at their highest and best use (Level2 inputs inthe fair value hierarchy). With regard to specialised buildings, these were valued having regard for theircurrent replacement cost utilising both observable and unobservable inputs being construction costsbased on recent contract prices, current condition (Level2 inputs), residual values and remaining usefullife assessments (Level3 inputs). Given the significance of the Level3 inputs into the overall fair valuemeasurement, these specialised building assets are deemed to have been valued using Level3 inputs.These Level3 inputs are based on assumptions with regards to future values and patterns ofconsumption utilising current information. If the basis of these assumptions were varied, they have thepotential to result in a significantly higher or lower fair value measurement. The revaluation of theseassets resulted in an overall increase of $2,711,594 in the net value of the Shire's land and buildings. Allof this increase was credited to the revaluation surplus in the Shire's equity (refer Note I3 for furtherdetails) and was recognised as Changes on Revaluation of nori-current Assets in the Statement ofComprehensive Income

379,500

2,957,963

379,500

2,957,963

5,95200

14,625,007o

14,625,007

2,957,963

o

19,720,207

27,777,738

335,984

(8290,685

335,984

3,077,603374,972

I9,487,052

22,445,015

(314,3213,138254

23,194,445

1,215,791(833,017)

382,773

3,161,753

3,134,423

25,962,212

(27,330)

Page 32



Land and Buildings (Continued)

With regard to land vested in and under the control of Council, these assets were originally recognised asat 30 June 2043 at deemed cost where cost was effective Iy the fair value at the date of recognition. Asland vested in and under the control of Council is Crown Land restricted as to usage, it is not possible foran alternative usage to be considered when arriving at the fair value. In addition, due to its nature, anysignificant value attributable directly to the land would likely be offset by the need to return value to theCrown before any restriction is lifted, thus reducing the net fair value to nil. Consequently, the originalvalue of deemed cost was obtained having regard for the current replacement cost of the improvementson the land to allow for its current restricted usage. These included both observable and unobservableinputs being construction costs based on recent contract prices, current condition (Level2 inputs),residual values and remaining useful life assessments (Level3 inputs). Given the significance of theLevel3 inputs into the overall fair value measurement, this land vested in and under the control of Councilis deemed to have been valued using Level3 inputs. These Level3 inputs are based on assumptionswith regards to future values and patterns of consumption utilising current information. If the basis ofthese assumptions were varied, they have the potential to result in a significantly higher or lower fairvalue measurement. Due to the mandatory fair value measurement framework as detailed in Note a co,Land Vested in and under the control of Council required a fair value assessment to occur in the currentyear. This was performed by management at 30 June 2014 on the same basis as the prior year deemedcost valuation was arrived at. The revaluation of land vested in and under the control of Council resulted

in neither an increase nor a decrease in the net value of the Land vested in and under control of the

Council. Consequently no adjustment was recognised in either the net result or other comprehensiveincome in the Statement of Comprehensive Income.

Furniture and Equipment:Plant and Equipment

Plant and equipment was revalued in 2013 as part of the mandatory requirements embodied in LocalGovernment (Financial Management) Regulation 17A. Whilst the additions since that time are shown atcost, given they were acquired at arms length and any accumulated depreciation reflects the usage ofservice potential, it is considered the recorded written down value approximates fair value. Thus, thevalue is considered in accordance with Local Government Financial Management (Regulation) 17A (2)which requires these assets to be shown at fair value. They will be revalued during the year ended 30June 2016in accordance with the mandatory asset measurement framework detailed at Note I(f).

Page 33

7. PROPERTY, PLANT AND EQUIPMENT (Continued)

Ia) Movements in Carrying Amounts

Movement in the carrying amounts of each class of property, plant and equipment between the beginning and the endof the current financial year.

Balance

at the

Beginningof the Year

$

Land - Freehotd

Land - Vested in Council

Total Land



Buildings

Burnings

Total Buildings

Total Land and Buildings

Furniture & Equipment

Plant & Equipment

Total Property, Plant andEquipment

(Level2)

(Level2)

(Level2)

(Level3)

2,957,963

Additions

$

2,957,963

12,685,62,

6,801,432

At Cost

o

(Level2)

(DisposalSI$

o

,9,487,052

o

22,445,005

382,773

3,134,423

650,500

o

0,623)

Assets

Reclassified$

650,500

o

(,, 623)

o

o

25,962,212

650,500

26,056

374,972

Revaluation

Incrementsl

(Decrements)$

(11,163)

(82,952)

(82,952)

(,,,, 63)

o

(84,575)

I, 051,528

1,960,523

379,500

Impairment(Losses)IReversals

$

(83,571)

o

(78,768)

(83.57, )

2,340,023

(4,784,091)

(77,526)

o

(94,734)

141

1.63,3431

090,000)

Depreciation(Expense)

$

(4,861,617)

(2,521,594)

o

(, 90,000)

o

(94,593)

CarryingAmount

at theEnd of Year

$

o

o

o

12.52, ,5941

o

Page 34

1.90,0001

o

o

4,715,700

379,500

o

(484,405)

o

Î^91

o

(484,405)

5,095,200

8,552,030

6,072,978

o

1484,4051

(72,987)

(292,373)

14,625,007

19,720,207

335,984

3.1 38,254

(849,764) 23,194,445

8. INFRASTRUCTURE

Roads, Streets, Bridges etc. - Management valuationLess Accumulated Depreciation


NOTES To AND FORMING PART OF THE FINANCIAL REPORT


Miscellaneous Infrastructure - Cost

Less Accumulated Depreciation

Council has adopted a policy of re-valuing roads with sufficient regularity to ensurethe carrying amount of each road asset is fairly stated at reporting date. This policy alsoaccords with AASB 116.

Movements in Carrying Amounts

The following represents the movement in the carrying amounts of each class of infrastructure betweenthe beginning and the end of the current financial year.

2014

$

180,534,000(51,134pOO)

Balance at the beginning of the year

Additions

(Disposals)

129,400,000

17,968,912(4,932,358)

Assets Reclassified

2013

$

178,093,000(49489,000)

Revaluation . Increments

- (Decrements)

Impairment (Losses)/reversals

Depreciation (Expense)

Carrying amount at the end of year

13,036,554

142,436,554

128,604,000

16.1 25,734(4.1 76,805I 1,948,929

140,552,929

Infrastructure

Roads

128,604,000

Infrastructure

Other

2,187,744

I 1,948,929

o

575,256o

o

I, 464,883

dor23)

Total

(I 967,000)

140,552,929

o

129,400,000

94,593

3,652,627

o

o

(10723)

(461,128)

o

94,593

13,036,554

575,256o

Page 35

(2,428,128)

o

142,436,554

9. TRADE AND OTHER PAYABLES



Current

Sundry CreditorsTax Liabilities

PAYE Tax

Accrued Interest on Loans

Accrued Salaries and WagesAccrued Expenses OtherPrepaymentsPrepaid Income received in Advance

Nori Current

Committed Expenditure

10. BORROWINGS

SHORT. TERM BORROWINGS

Unsecured

Bank Overdraft

Represented by:Unrestricted - Municipal bank overdraftRestricted funds held (refer note 3)

20.4

$

The following restrictions have been imposed by regulations or other external Iy imposed requirements:

541,123

Unspent Grants

5644'15,89646, , 5529,479

o

48,031

20.3

$

307,375

737,101

51,56220,08329,574

321,4185,000

o

109,171109,171

735,012

2014

$

89,33089,330

319,133

^Z177,534

177,534

2013

$

141,599

o

141,599

o

o

o

o

o

Page 36

LONG. TERM BORROWINGS




Current

Debentures (Secured by Floating Charge)

Non-Current

Debentures (Secured by Floating Charge)(Additional detail on borrowings is provided in Note 22)Bond Liabilities (Note 20)Preston Village Lease Liability

Preston Village Lease Liability detailed above represents monies paid by the ingoing leaseesof the Preston Retirement Village, Sharp Street Donnybrook under a life tenancy lease arrangement.

The proceeds received from the life tenancies are initially classified as a non"current liability as the Shireis only required to repay these funds to a vacating leasee, or their estate, in the event that the Shire isunable to attract a subsequent leasee within the 3-year time period, as specified in the lease agreement.

The lease liability in respect to each unit leased will remain unchanged unless the Shire is required torefund any lease amount in which case the lease liability will be reduced when refunded,

Where a leasee has vacated a property prior to balance date, the loan liability to the leasee has beenclassified as non-current as the Shire will not be required to repay the leasee until the properly isre-leased. In the event that the property will be re-leased within the next 12 months, the existing liabilitywill be replaced with a new non current liability with no net impact on the Shire's Statement of FinancialPosition.

2014

$

In the event that Council elects not to market a vacated unit, or the unit will have been vacant for

a period of three years at a date falling within the next 12 months, any loan liability on the propertywill be classified as current.

354,571354,571

The respective cost of land and buildings to which the leases relate are recorded at cost withinthe Shire's property, plant and equipment (Note 7).

2013

$

II. PROVISIONS

916,508

187,2293,415,000

Current

Provision for Annual Leave

Provision for Long Service Leave

4,518,737

193,188I93,188

1,276,080

Nori-Current

Provision for Long Service Leave

187,2293.1 25,0004,588,309

20.4

4I 3,429I06,034519,463

313,793313,793

20.3

398.1 04I 16,652514,756

Page 37

254,081254,081

I, . PROVISIONS (continued)



Opening Balance I July 2013Additional ProvisionsAmounts UsedIncrease in the discounted a

amount arising because of timeand effect of any change in thediscount rate

Balance 30 June 2014

12. RESERVES. CASHllNVESTMENT BACKED

All Reserve Accounts are supported by money held in financial institutions and matchthe amounts shown as restricted cash and restricted investments in Note 3

to this financial report.

Provision for

Annual Leave

(a) Waste Management ReserveOpening BalanceAmount Set Aside I Transfer to ReserveAmount Used I Transfer from Reserve

$

398,104303,030

(287705)

Provision for

Long ServiceLeave

$

(by Bushfire Control & Management ReserveOpening BalanceAmount Set Aside I Transfer to ReserveAmount Used I Transfer from Reserve

(c) Aged Housing ReserveOpening BalanceAmount Set Aside I Transfer to Reserve

Amount Used I Transfer from Reserve

413,429

370,73393,160

(51,985)7,919

Total

$

(d) Employee Leave & Gratuity ReserveOpening BalanceAmount Set Aside I Transfer to ReserveAmount Used I Transfer from Reserve

2014

$

449,827

768,837396,190

(339,690)7,919

7417/3160,161(97,459)

(e) Arbuthnott Memorial Scholarship ReserveOpening BalanceAmount Set Aside I Transfer to ReserveAmount Used I Transfer from Reserve

20.4

Budget

804,415

833,256

I I, 370401

o

741,71348,433

(325,000)

11,771

20.3

$

465,146

4,688,410231,231

(226,704)

I I, 370298

o

I, 692,938

747,76932,195

(38,251)

I 1,668

741,713

154,69951,504

(44,224)

1,688,410254,483

(1,056,852)

161,978

I0,896474

o

886,041

I 1,370

4,143147

154,69958,930

(96.1 91)

1,481,135286,621(79,345)

(2004,090

I 17,438

1,688,410

4,143109

(200)

163,11116,636

Page 38

(25,048

4,052

154,699

4,161182

(200)4,143

12. RESERVES - CASH/INVESTMENT

BACKED (continued)

(f) Town Planning ReserveOpening BalanceAmount Set Aside I Transfer to ReserveAmount Used I Transfer from Reserve




(9) Land Development ReserveOpening BalanceAmount Set Aside I Transfer to Reserve


(h) Plant Replacement ReserveOpening BalanceAmount Set Aside I Transfer to Reserve


(i) Roadworks ReserveOpening BalanceAmount Set Aside I Transfer to ReserveAmount Used I Transfer from Reserve

2014

$

U) Valuation ReserveOpening BalanceAmount Set Aside I Transfer to ReserveAmount Used I Transfer from Reserve

65,2542,262

2014

Budget

(21,44446,072

(k) Central Business District ReserveOpening BalanceAmount Set Aside I Transfer to ReserveAmount Used I Transfer from Reserve

69, I 0042,462

65,2541,713

(23,500)

3,859)107,703

69, I 0041,814

^9L101,914

(1) Buildings ReserveOpening BalanceAmount Set Aside I Transfer to ReserveAmount Used I Transfer from Reserve

20t3

$

43467

389,332236,666(4,885)

624.1 13

86,7043,550

(25,000)

(in) Building Maintenance ReserveOpening BalanceAmount Set Aside I Transfer to ReserveAmount Used I Transfer from Reserve

1,388,995I , 59621 I

389,332233,668

(169,460)

65254

729 238

2,255,968

(n) Apple Funpark ReserveOpening BalanceAmount Set Aside I Transfer to ReserveAmount Used I Transfer from Reserve

66,2652,835

o

453,540

2,32935,757

o

383,544217,911

^^Z389,332

1,388,995489,402

(661,665)

69.1 00

38,086

916,732

43,205', 525

o

2,32935726

o

1,608,380439,064

44,730

(658,449

38055

730,91593.1 96

(28,371 )

1,388,995

43,2051,134

o

795,740

27,2231,106

(26,000)

44,339

85,40113,015

o

730,91567,677

2,329

(170,000

98.4 I6

41,5181,687

o

628,592

70,9718,325

o

833,22336,942

,!I^9L730,915

43,205

85,40112,242

o

79,296

97,643

70,97121,389

34,500)

81,8573,545

o

57,860

Page 39

85,401

61,7349,237

o

70,971

12. RESERVES . CASHllNVESTMENT

BACKED (continued)

(0) Electronic Equipment ReserveOpening BalanceAmount Set Aside I Transfer to Reserve




(pi Total All ReservesOpening BalanceAmount Set Aside I Transfer to ReserveAmount Used I Transfer from ReserveCarried Forward Balance

TOTAL RESERVES

In accordance with council resolutions in relation to each reserve account. the purposes forwhich the reserves are set aside are as follows:

Waste Management ReserveTo receive funds collected from the Shite's Waste Management levy for the pulpose ofprovidrng waste management facilities.Bushfire Control & Management ReserveTo receive funds corrected from the Shire's Fire Protection Levy for the purpose ofproviding fire fightihg equipment to meet the needs of the distrtct.Aged Housing ReserveTo receive any surplus funds from aged housing operations to provide future funding fortheupgrade of aged housing facilities.Employee Leave & Gratuity ReserveTo fund the payment of annual leave, long service leave and gratuity payments to employees,Arbuthnott Memorial ScholarshipTo fund the payment of the Arbuthnott Scholarship.Town Planning ReserveTo fund future Town Planning proj'ects including Town Planning Scheme Reserves,Rural Strategy, Municipal Inventory and Environmental plan.Land Development ReserveTo fund the purchase of land for future community purposes.Plant Replacement ReserveTo fund the Shire's plant replacement program.Roadworks Reserve

To contrtbute to the funding of the Shire!s roadworl<s programme.Valuation Reserve

To assist in fundihg the cost of periodic revaluations of Unimproved and Gross RentalVarnatibns for rating purposes.Central Business District Reserve

To fund future Central Business District projects.Buildings ReserveTo fund the purchase and upgrade of Shire buildings.Building Maintenance ReserveTo set aside funds for the future maintenance of Shire owned buildings in accordancewith Council's Asset Management Programs.Apple Funpark ReserveTo receive donations and to provide for the future cap^tai upgrade and maintenance of equfy?meritand boil^lies at the Apple Funpaiit in 00/11ns Street, DonnybrookElectronic Equipment ReserveTo provide future funding for the purchase and upgrade of electronic equipment.

20.4

$

52,91121,869

2014

Budget

590

74.1 90

5,498,7472,494,732

(1,153,974)

52,9111,863

o

6,839,505

2013

$

5,498748968,881

-^3,921,261

54,774

6,839,505

51,2272,252(568)

52,911

3,921,261

5,648,745Ip54,235

(1204,233)5,498,747

5,498,747

Page 40

13. REVALUATION SURPLUS




Revaluation surpluses have arisen relative to the revaluationof the following classes of non-current assets:

(a) LandBalance as at I July 2013Revaluation Increment

Revaluation Decrement

Balance as at 30 June 2014

(by BuildingsBalance as at I July 2013Revaluation IncrementRevaluation DecrementBalance as at 30 June 2014

(c) Plant and EquipmentBalance as all July 2013Revaluation Increment



(d) Infrastructure RoadsBalance as all July 2013Revaluation Increment



2014

$

(e) Infrastructure OtherBalance as all July 2013Revaluation Increment



1,213,8502,150,023

o

20.3

$

TOTAL ASSET REVALUATION SURPLUS

3,363,873

7268,905o

(4,861,617)

12/3,850o

o

2,407,288

1213,850

258,964o

o

7,268,905o

o

258,964

7,268,905

128,883,756575,256

o

I29,459,01 I

o

258,964o

258,964

I, 378,764o

o

108,107g4520,775,810

o

a , 378,764

I28,883,756

I36,867,900

I, 378,764o

o

1,378,764

139,004,238

Page 41

14. NOTES To THE STATEMENT OF CASH FLOWS

(a) Reconciliation of Cash

SHIRE OF DONNYBROOl</BALINGUPNOTES To AND FORMING PART OF THE FINANCIAL REPORT


For the purposes of the statement of cash flows, cash includes cash on hand and in banks andinvestments, net of outstanding bank overdrafts. Cash at the end of the reporting period isreconciled to the related items in the statement of financial position as follows:

Cash and Cash Equivalents

(b) Reconciliation of Net Cash Provided ByOperating Activities to Net Result

Net Result

Depreciation(Profit)/Loss on Sale of Asset(Increase)/Decrease in Receivables(Increase)/Decrease in Accrued Income(Increase)/Decrease in Prepayments CIA(Increase)/Decrease in InventoriesIncrease/(Decrease) in PayablesIncrease/(Decrease) in Accrued ExpensesIncrease/(Decrease in Prepayments C/LIncrease/(Decrease) in Employee ProvisionsIncrease/(Decrease) in Gifted AssetsGrants/Contributions for the Developmentof Assets

Net Cash from Operating Activities

2014

$

6,664,971

20.4

Budget$

(c) Credit Standby ArrangementsBank Overdraft limit - Municipal FundBank Overdraft at Balance Date

I0,036

3277,892I I 3,792"9652)884,438

(738)(227,893)

174,716

(279,546)(5,000)84,260

o

4,327,957

Bank Overdraft limit - Licensing Trust A1CBank Overdraft at Balance Date

2013

$

Credit Card limit

Credit Card Balance at Balance DateTotal Amount of Credit Unused

5,339,152

2,7767859,600

(18,532)20,9002216

76,96964,501

(298,691 )(5,000)

o

o

(d) Loan FacilitiesLoan Facilities - CurrentLoan Facilities - Non-CurrentTotal Facilities in Use at Balance Date

6,792,110

(2,646, , IO

2,397,180

1,366, I 96

Unused Loan Facilities at Balance Date

2775,353

(18,567)(47,831)

(I, ll9,762)18,060

(242,365)(192,418)

307,575

(2,417)170,898

o

2014

$

^^z(8,023,458

loopooo

20.4

Budget$100,000

o

1000oo

^9L1,750,987

9000(1,995)

I 17,005

10,000o

2013

$

354,571916,508

I, 271,080

9,000o

100,000o

I 19,000

o

I0,000o

Page 42

9,000(2,167)

I I 6,833

193,1881,276,0801,469,268

o

,5. CONTINGENT LIABILITIES

The Shire had no contingent liability commitments as at reporting date.

I6. CAPITAL AND LEASING COMMITMENTS




(a) Finance Lease Commitments

The Shire had no finance lease commitments as at reporting date.

(b) Operating Lease Commitments

Nori-cancellable operating leases contracted for but not capitalisedin the accounts.

Payable:- not later than one year- later than one year but not later than five years- later than five years

The above leasing commitments relate to the following items:- Xerox Photocopier -lease extended until31/07/2014- Xerox Photocopier - final repayment due 22/9/20,9- Xerox PhotoCDpier Dbk. Library" final repayment due 31/12/17- Dell Computers (x 7) Dbk Library - final repayment due 31/12/16- Recreation Centre Gym Equip -lease extended until 30/06/2014- Recreation Centre Gym Equip - final payment due 8/4/2017- Dell Data Storage Equipment- final payment due 31/03/20,4- Dell Data Storage Equipment - final payment due 15/05/20,9- Dell9020 Computers Admin (x I co - final repayment due 15/5/17- Dell DL4000 data backup system - final repayment due 15/9/20i9- Recreation Centre Gym Equip - lease exlended until30/06/2014- Canon Colour Scanner - final payment due 30/09/2015- Recreation Centre Gym Equip - final payment due 31/12/2014

,6. CAPITAL AND LEASING COMMITMENTS (continued)

20.4

$

(b) Capital Expenditure Commitments

Total Lease

Commitment

Contracted for:

- capital expenditure projects

Payable;- not later than one year 3,450,832

The capital expenditure project outstanding at the end of the current reporting period representsthe contract for the construction of an extension to Council's Tuia Frail Aged Lodge facility andassociated Architectural Services.

37,883101,145

o

20.3

$

Total Lease

Commitment

139,029

287

I6,2945,8117,442

o

22959o

27,89412,50442724

o

1,868I246

17,4493,113

o

20,562

3,445o

o

o

5,708o

3,259o

o

o

746

3,6653,739

I39029

Total Cap Ex.Commitment

3,450,832

20,562

Total Cap Ex.Commitment

o

Page 43

o

47. JOINT VENTURE ARRANGEMENTS




The Shire of Donnybrook I Baling up is involved with the Education Department ofWestern Australia and Homes west in the following Joint Venture Projects.

(a) Council has a 50% Equity in the Donnybrook Resource Centre situated on EducationDepartment Land (Reserve 24032) in Bentley Street, Donnybrook. Operational andmaintenance costs of the Centre are apportioned between the Shire and the EducationDepartment based on estimated usage patterns.

(b) Arrangements with Homeswest relate to four Well Aged housing complexes located onSouth Western Highway, Donnybrook. Council is required to recognise any trading surplusfrom the operation of these units as Restricted Assets and is further required tomaintain a Contigency Reserve for future major maintenance.

Mirininup Cottages, Units 5-8 (lot 486) built in 1982/83Council Equity - 34.48%Homes west Equity - 65.52%

Mirininup Cottages, Units 9-12 (lot 479) built in 1992/93Council Equity - I 5.2%Homeswest Equity - 84.8%

Langley Villas, Units I-6 (lot 100) builtin 1994/95Council Equity - 20.8%Homeswest Equity - 79.2%

Langley Villas, Units 7-9 (lot too) built in 2001/2002Council Equity - 35.98%Homeswest Equity - 64.02%

Non-Current Assets

Joint School I Community LibraryEducation Equity (at Fair Value)Council Equity (at Fair Value)Less Accumulated Depreciation

Well Aged AGComodation UnitsHomewest Equity (Building Historical cost)Council Equity (Building Historical cost)

20.4

$

450,000450,000

o

20.3

$

900,000

2,771,618907,823

3,679,441

464,722464,722

4679,441

237 538

69 I, 906

1,688,058585,498

2,273,556

2,965,462

Page 44

,8. TOTAL ASSETS CLASSIFIED BY FUNCTION AND ACTIVITY

General Purpose FundingGovernance



HousingCommunity AmenitiesRecreation and Culture


Other Property and ServicesUriallocated




Note. ' Full details of Assets classified by Function and Activity are shown in Appendix 2to these Notes.

19. FINANCIAL RATIOS

Current Ratio

Asset Sustainability RatioDebt Service Cover Ratio

Operating Surplus RatioOwn Source Revenue Coverage RatioAsset Consumption RatioAsset Renewal Funding Ratio

2014

$

1,571,581I, 953,6902,302, I24

428,5578.1 93,427

896,0001,549,770

I0,769,238145,186,283

1,550,6961570947,953

The above ratios are calculated as follows:

Current Ratio equals

2013

$

Asset Sustainability Ratio

1,382,4312,555,0262,017,144

398,895I0,459,938

208,000I, 239,030

11,929,041143,959,397

1.01 3,4347,261

894,439

20.4

Debt Service Cover Ratio equals

174,435p28

0,7714

0,6166

26862

co. 3808)05845

06427

0,4264

Operating Surplus Ratio

20.3

Own Source Revenue Coverage Ratio

176,064,037

24881

0,7225

16,9075

0,0130

0,7304

07225

0,4182

Current assets minus restricted current assets

Current liabilities minus liabilities associatedwith restricted assets

Notes: Information relating to the Asset Consumption Ratio and the Asset Renewal Funding Ratio can be foundat Supplementary Ratio Information on Page 74 of this document.

20.2

capital renewal and replacement expenditure

I. 3204

0,6014

21,5255

0.1 003

0,6040

N/A

N/A

annual operatin surplus before interest and depreciation

depreciation expense

o eratin revenue minus operatin expense

principal and interest

own source operating revenue

own source operatinoperating expense

Page 45

revenue

20. TRUST FUNDS

Funds held at balance date over which the Municipality has no control and which are included asboth an asset and liability within the financial statements are as follows:

Aged Housing Ingoing Fees (** see note)Tenancy BondsHall I Liquor DepositsNomination DepositsPublic Open SpaceRedden Tree Planting FundGeneral DepositsExtractive Industry BondsTransport LicensingBCITF LevyRoadworks/Subdivisional Bonds

Chemical Steering CommitteeKey DepositsBuilders Reg. Board LevyCommunity Bus Hire DepositYouth Advisory CouncilMarathon Committee Donations

Upper Preston Cemetery BoardBaling up Skate park FundraisingBaling up Transfer Station Pert. BondDbk Marathon Surplus FundsAppleFunPaTk DonationsPreston Retirement Village BondsHouse Transport BondShire Staff Social Club

Performance Bonds (Various)Lions Club Number Plate Surrounds

Donnybrook Waste - Performance BondFerndale Bushfire Appeal




Balance

I-Jul-, 3

$

,, 390,76874102,050

o

86,2671,4996,647

99,306o

2,463104,454

2,418200

1,068200

1,5001,6955.1092,0009,5114,999

178

600

5,000307

42,000508

35,7442,000

Amounts

Received

$

4480551,2007,537

720

2,931o

1,9993,797

1,481,02835,6022,092

93

o

21,9331,600

o

430

179

o

364

o

5,287o

o

5,500o

322

I234o

Amounts

Paid

$

(708,959)(2,410)(8,387)

(720)o

o

(,, 137)(5,675)

(1,481,028)(37,558)(42,322)

o

o

(22,193)(1,700)

o

(2,125)(2,600)

o

o

o

(5,465)o

o

(5,178)o

(830)(843)

o

Note:

At 30th June 2014, Tuia Lodge Aged Housing Bonds and Interest held by Council totalled $1,317,093.

Balance

30-Jun-, 4

$

Of this balance $1,129,864is heldin Trust at 30 June 2014 (as disclosed above), andthe balance of $187,229 was utilised during the 2005/06 year to assist in fundingTuia Lodge Aged Housing extensions

I, 129,8646,2001,200

o

89,1981,4997,509

97,428o

507

64,2252,510

200

807

100

1,500o

2,6882,0009,8754,999

o

600

5,000630

42,000o

36,1352,000

This amount of $187,229 has been shown as bonds repayable by Council within Note 10to the Financial Report

1,815,901 2,021,904 (2,329,132) 1,508,673

Page 46

21. DISPOSALS OF ASSETS . 20,3114 FINANCIAL YEAR

The following assets were disposed of during the year.




LAW, ORDER, PUBLIC SAFETYToyota Land Cruiser (DB40420EDUCATION AND WELFARE

Lot 267 Jayes Rd, Baling upRECREATION AND CULTURE

Rec Centre Cash RegisterTreadmill & Exercise Bike

Treadmill X Trainer & Exercise Bike

PT Dbk Town Lot 7

TRANSPORT

Southampton Rd BridgeJohn Deere Backhoe (DB754)Isuzu NPR300 Med. Truck (DB2134)Mitsubishi Triton Utility (DBt, 2)Ford Courier Tipper Ute (DBi02)Toyota Hilux Utility (DB646)Toyota Cainry Sedan (DB346)Kubuto Z0326 ROM. (DB898)MEY 24" Cylinder MowerStih! Ms390 Chainsaw

Stihl Ms44t Chainsaw

Stihl HS817 Hedge TrimmerStihl BG86C Blower Vac

Stihl BG86C Blower Vac

TPE Self Propelled MowerHUSqvarna ChainsawECONOMIC SERVICES

Storage Units - Collins St

Net Book Value

Actual

$

19,282

Budget$

1,503

o

o

o

120

Actual

$

Sale Price

o

10,723o

o

21,667I3,334

o

8,32414,625

436

204

4/7

70

104

70

327

209

o

13,684

Budget$

o

o

o

o

o

I0,20045,73021,770

9,6006,0005,000

22,300o

o

o

o

o

o

o

o

Nate: Further details in respect to Assets 01tsposed is shown in Appendb: 4 to these Notes

o

o

91

9t

o

Actual

$

Profit Loss

o

o

o

o

I8,1828,636

o

86367,0001,591

364

682

348

45

45

o

909

o

(5,598)

Budget$

o

o

o

o

(,, 503)

o

25,00032,00016,00014,0006,0008,000

10,000o

o

o

o

o

o

o

o

82,952

o

91

91

(120)

174066

o

(10,723)o

o

(3,486)(4,698)

o

312

(7,625)I455

159

265

249

(59)(24)

(327)701

o

o

o

o

o

120,600

o

o

14,800(13,730)

(5,770)4,400

o

3,000(12,300)

o

o

o

o

o

o

o

o

60275

o

I I I p00

o (82952)

tit 3792)

o

(9,600

Page 47

22. INFORMATION ON BORROWINGS

(a) Debenture Repayments

Particulars

Health

Loan 74 Dental Surgery Ex!Education & Welfare

Loan 75 Tuia Lodge ExtensionsLoan 87 Retirement VillageLoan 881B Retirement VillageOther Recreation & SportLoan 85 Dbk Country Club (*)Economic Services

Loan 73 Community BankLoan 77 Transit Park

Loan 80 Collins St Storage Units



Principal, -Jul-, 3

(*) self Supporting Loan financed by repayments from third partiesAll other loan repayments were financed by general purpose revenue. Loan 88B was raised for $240,000 to replace/refinance Loan 88.

I31,274

108,375500,000325,000

46,430

86,399186,426I 15,365

New

Loans

(Bud et)

(by New Debentures - 20/3/14

ParticularslPurpose

PrincipalRepa merits

Actual

Loan 88B Retirement Village

1,469,268

7,820

Bud at

34,094o

85,000

I0,806

19,57032,486

8,442

7,820

34,094o

80,000

Amount Borrowed

Principal30-Jun-14

Actual

o

Actual

123,454

240,000

I0,806

198,188

74,281500,000240,000

Bud at

19,570324868,412

Bud at

123,454

Institution

193,188

5,624

I rite restRe a merits

74,281500,000245,000

Actual

66,828153,940106,953

o

1,271,080

WATC

7,606

5,624

Bud et

Loan

Type

66,828,53,940106,953

5,247

19,600I0,402

Debenture

7,541

5,75819,600I 1,408

1,276,080

2,645

Term

(Years)

2,676I I, 3247,468

2 years

Total

Interest &

Char es

776

66,968

5,31112,0987,625

70.1 17

InterestRate

16,884

Page 48

3.41%

Amount Used

Actual

240,000

Bud at

Balance

Unspent$

o o

22. INFORMATION ON BORROWINGS (Continued)

(c) Unspent Debentures

Particulars

No loans remain unspent

(d) Overdraft

The Shire has the following overdraft facilities to assist with short term liquidity requirements

Municipal FundLicensing Trust Fund



Date

Borrowed

The balance of the Municipal Fund Bank Overdraft at 1st July 2013 and 30th June 2014 were both Nil.

The balance of the Licensing Trust Fund Overdraft at 1st July 2013 and 30th June 2014 was Nilin both instances

(e) Interest Rate Risk

Balance

I July2013

$

The Shire's exposure to interest rate risk as a result of borrowings and the effective weighted average interest rateon these borrowings is as follows:

Borrowed

DuringYear

$

$$

100,000I0,000

Floating interest ratesFixed interest rate maturing- within one year- one to five years- over five yearsNori interest bearing

Borrowings

ExpendedDuringYear

$

Total Borrowings

Balance30 June

2014

$

Weighted average effective interest rate

20'14

$

o

1,040,673230,407

1,271,080

20.3

$

4.80%

o

I, 222,629246,639

Page 49

1,469,268

4.83%

23. RATING INFORMATION - 20.31,4 FINANCIAL YEAR

(a) Rates

RATE TYPE

GRV General Rate

Donnybrook TownsiteNoggerup TownsiteBaling up TownsiteMullalyup TownsiteKirup TownsiteRural Residential

Sub-Totals

GRV Minimum Rates

Donnybrook TownsiteDonnybrook T/Site SpecialNoggerup TownsiteBaling up TownsiteMullalyup TownsiteKirup TownsiteRural Residential

Sub"Totals



Rate in

$

667306,673066730

66730

6,67306.6730

Number

of

Properties

7074

42

4

30204

Minimum

$

Rateable

Value

77200

772.007720077200

77200

772.00

772.00

12,594,50258,240

664,900

62,900523,784

3,141,940991

Rate

Revenue

571

24

139

29

60

107

I7,046,266

840,4313,886

44,369

4,19734,952

209,662

InterimRates

4031,4034,500

175,720I, 058,436

214,104494,986

783,579

931

I, 137,497

I I, 64771

1,829

440,812772

t8,528107,30822,38846,32082,604

737

1,212

6,762,728

Total

Reve n ue

15,496

BudgetRate

Revenue

852,0783,957

46,1984,197

35,689210,874

718,732

840,2683,886

44,369

4,83134,952

209,2811,152,993

o

440,812772

18,528107,30822,38846,32082,604

1,137,587

o

439,268772

I8,528107,30821,64646,32081,832

718,732

Page 50

715,644

23. RATING INFORMATION . 20.31,4 FINANCIAL YEAR (continued)

(a) Rates (continued)

RATE TYPE

UV Differential & General Rate

Donnybrook RuralPreston Rural

Baling up RuralCentral Rural

UV Minimum Rates

Donnybrook RuralDbk. Special Rural LotsPreston Rural

Baling up RuralCentral Rural

Mining Tenements

Sub-Totals

Sub-Totals



Rate in

$

04032

04032

04032

04032

Number

of

Pro erties

Concessions (refer note 26)Interim Rates (budget)Back Rates (Miscellaneous)Specified Area Rates (refer note 24)

Minimum

$

278

140

170201

Less Rates Written Off

Totals

Rateable

Value

858.00

858.00

858.00

858.00

858.00

858.00

789

I 13,767,00057,461,00079,321,00082,346,000

RateRevenue

134

16

108

123

lit

17

332,895,000

458,709231,683319,822332.0t9

InterimRates

21,258,400685,000

14,343,20017,898,00016,450,500

42,188

509

I, 342,233

10,139-55

-993

"775

114,972, 3,72892,664

105,53495,23814,586

70,677,288

8,316

TotalRevenue

436,722

BudgetRate

Revenue

468,848231,628318,829331,244

731

1,350,549

-731

459,463231,683

319,379332,213

114,97213,72892,664

105,53495,23813,855

1,342,738

114,97213,72892,664

104,67694,38013,728

435,991

3,658,265(, 0,704)

Page 51

434,148

3,630,117(9415)18,0002,000

3,647,596

(665)

35

o

3,646,931

3,640,702(500)

3,640,202

23. RATING INFORMATION - 20/3/14 FINANCIAL YEAR

(b) Information on Surplus/(Deficit) Brought Forward

SHIRE OF DONNYBROOK-BALINGUP



Surplusl(Deficit) I July 20.3 Brought Forward

^:

Cash - U n restricted

Cash - Restricted

Reserves - Restricted

Rates - Current

Sundry DebtorsGST Receivable

Accrued Income

PrepaymentsInventories " Fuel, Oil etc.

Less:

20.4

(30 June 20.4Carried

Forward)$

Reserves - Restricted Cash

- Waste Management Reserve- Bushfire Control & Management Reserve- Aged Housing Reserve- Employee Leave & Gratuity Reserve- Arbuthnott Memorial Scholarship Reserve- Town Planning Reserve- Land Development Reserve- Plant Replacement Reserve- Roadworks Reserve

- Valuation Reserve

- Central Business District Reserve

- Buildings Reserve- Building Maintenance Reserve- Electronic Equipment Replacement Reserve- Apple Funpark ReserveSundry CreditorsTax Liabilities - GST & PAYE

PrepaymentsIncome received in Advance

Accrued Interest on Debentures

Accrued Salaries and WagesAccrued ExpensesLoan Liability (Current portion)Current Employee Benefits Provision

20.4

(, July 20f 3BroughtForward)

$

86,324

(319,133)141,599

6,839,505194,638459,57147,953

171,6652,955

481,661

2013

(30 June 20.2Carried

Forward)$

2,359,471

852,310441,052

5,498,747153,644605,608

42.1 294,103,812

2,216253,769

2,359,471

(804,415)(1177i)

(4,692,938)(, 61,978)

(4,090)(46,072)

(107,703)(624, , 13)

(2,255,968)(38,086)(44,730)

(795,740)(98,446)(74,190)(79,296)

(541,123)(564"'

o

(48,031)05,896)(46,155)(29,479)

852,310441,052

5498,747I53644605,608

42, I 29I, , 03,812

2216253,769

Surplusl(Deficit)

Difference:

(7417/3)(I 1,370)

(, 688,410)054,699)

(4,143)(65,254)(69,100)

(389,332)0,388,995)

(2,329)(43,205)

(730,915)(85,401)(52,941)(70,971)

(307,375)(51,562)

(5,000)

There was no difference between the Surplus/(Deficit) I July 2013 Brought Forward position used inthe 2014 audited financial report and the Surplus/(Deficit) Carried Forward position as disclosed inthe 2013 audited financial report

(741,713)(, 1,370)

(1,688410)(, 54,699)

(4,143)(65,254)(69,100)

(389,332)(,, 388,995)

(2,329)(43,205)

(730,915)(85,401)(52,911)(70,971)

(307,375)(51,562)

(5pOO)

(357,485)

(20,083)(29,574)

(324,418)

86,324

Page 52

(360,057)

o

2,359,474

(20,083)(29,574)

(321,418)

o

(360,057)

2,35947,

o

24. SPECIFIED AREA RATE - 20,3144 FINANCIAL YEAR




25. SERVICE CHARGES . 20/3/14 FINANCIAL YEAR

Rate in

$

In previous years a service charge was imposed on all rating assessments for the purposeof purchasing plant and equipment for bush fire control. Funds collected were transferredto Reserve to be expended in accordance with Council's "Five Year Bushfire Strategy".

Funds previously collected from service charges will continue to be utilised for the purchaseof plant and equipment and a summary of movements to and from the Bush Fire Controland Management Reserve is detailed below:

Basis

of

Rate

Amount

of

Charge$

NO Specified Area Rate was levied during 20/3/2014

Rateable

Value

Balance of Reserve 1st July 2043

Funds raised

Add Interest on Investment

Amount transferred to Reserve

Revenue

Raised

Rate

Revenue

NO Se

Funds Utilised

rvice Charges were levied during 20/3/20i4

BudgetRevenue

BudgetRate

Revenue

Balance of Reserve 30th June 2014

Appliedto

Service

Costs

Appliedto Costs

BudgetApplied

to

Costs

BudgetAppliedto Costs

I t ,370

401

o

11,771o

I, ,771

Page 53

26. DISCOUNTS, INCENTIVES, CONCESSIONS, & WRITE. OFFS- 20/3/14 FINANCIAL YEAR

Ratepayers who pay their rate accountin full within 35 days of the rate noticebeing issued will be automatically enteredinto a draw for the following prizes20,312014




I. Bendigo Bank1st Prize

2nd Prize

3rd Prize

To ensure that a fair and equitable ratewas levied the following ratingconcessions were granted

Donnybrook Special Town Lots

Type

Various Rates Debtors " minor balances

written off by delegated authorityRates and charges written off undersection 6.47LG Act by delegated authority.

Waste I Refuse Charges written off underdelegated authority

Disc %

27.1NTEREST CHARGES AND INSTALMENT PLAN CHARGES . 20/3/14 FINANCIAL YEAR

Cash

Total

Costl

Value

Interest on Unpaid Rates & ESL ChargesInterest on Instalments Plan

Charges on Instalment Plan

BudgetGosu

Value

Concession

Ratepayers had the option of paying rate accounts in one payment or by two or fourinstalments as follows:

Option I:

Option 2:

Write Off

Payment in full by 11th October 2013

Payment by two equal instalments1st Instalment due: 11th October 2013

2nd Instalment due: 14th February 2014

Payment in four equal instalments1st Instalment due: 11th October 2013

2nd Instalment due: 13th December 2013

3rd Instalment due: 14th February 20t44th Instalment due: 17th April20,4

An administration charge of $5.50 per instalment was applied to all assessments where paymentwas made by instalments. Simple interest at the rate of 5.5% was also payable on the second, thirdand fourth instalments.

Write Off

500

300

200

Write Off

1,000

Option 3:

500

300

200

1,000

9,417

Interest

Rate (%)

9,417

664

11.0

55

9,415

206

9,415

Admin.

Charge$

75

o

281

$

o

Revenue

6.00

$

o

25,93612,64012,042

BudgetedRevenue

$

50,618

20,800I2,00043,00045,800

Page 54

28. FEES & CHARGES








Note. ' Further dejails of Fees and Charges are shown in Appendix 5 To these Notes

29. GRANT REVENUE

Grants, subsidies and contributions are included as operatingrevenues in the Statement of Comprehensive Income

By Nature and Type:Grants and Subsidies - operatingGrants and Subsidies - non-operating

By Program:General Purpose FundingGovernance

Law, Order, Public SectorHealth




Other Properly & Services

2014

$

29,37241,060

121,690602,497881,509216,670

I0,398131,881

Included in Grants and Subsidies - Operating is $206,147 in Contributions and Donations.Included in Grants and Subsidies - Non Operating is $191,691 in Contributions and Donations.

Note: Full details of Grants, subsidies and contributions are shown in Appendix 6 to these Notes

30. EMPLOYEE NUMBERS

2,035,077

2013

$

25,88424p82

119,115592,149858,487200,067

6.5,0I31,564

The number of full-time equivalentEmployees at balance date (excl. casuals)

31. COUNCILLORS' REMUNERATION

The following fees, expenses and allowances werepaid to council members and/or the president.

1,957,858

20.4

2,488,5432,646, I 10

President's Allowance

Deputy President's AllowanceMeeting Attendance FeesTravelling ExpensesTelecommunications Allowance

Technology AllowanceProvision of Uniform

5,134,653

907, I 381,958

421,8473,514

1,256,09142,98798280

2,402,639198

o

2013

32. POST BALANCE DATE EVENT

There are no post balance date events significant to this report.

3,322,4222,294,7205,617,142

5,134,653

1,808,9815,691

439,6101,182

I, 324,330I0,20045,661

1,981,487o

o

2014

57.4

5,617,142

2014

$

20.3

20.4

Budget$

I0,0002,500

72,0004,1374,5004,500

298

56.5

2013

$

I0,0002,500

72,0006,0004,5004,5002,970

Page 55

97,935

6,9201,730

45,5726,4894,5004,500

o

102,470 69,711

33, MAJOR LAND TRANSACTIONS

Councilwas notinvolved in any majorland transactions during the 20/3/2014 year.

34. TRADING UNDERTAKINGS AND MAJOR TRADING UNDERTAKINGS

Preston Retirement Villa e

The Shire was involved in a Trading Undertaking in the 20/3/2014 financial yearrelating to the ongoing development and operation of the Preston Retirement Village inin Sharp Street, Donnybrook.




The Shire has constructed eleven (41) 2-bedroom Retirement Units on Lot 152 Sharp St, Donnybrook,plus a Community Building for use by the residents of Preston Retirement VillageAn additional two (2) units have been constructed to "look-up" stage and it is proposedto fully complete construction of these units during the 20/4/15 year.

The units are leased to retirees who pay an ingoing fee which in effect is a loan to CouncilThe proceeds from these lease arrangements has been used to fund the initial capital constructionof the units and the community building facility.

The project commenced in the 2007/2008 financial year and has been staged over a number of years

There is currently one vacant unit which has been vacated by the initial leasees and is currentlybeing marketed. Following completion of construction, units 12 & 13 will also be availablefor lease. Additional units may be constructed in the future depending upon demand and RealEstate market conditions

Revenue and expenditure relating to the project for the 20/3/14 year was as follows:

Cash Outflows

Ca itel Ex enditure

Completion Costs- Units12-, 3Repayment of Fixed Loan to LeaseeRepayment off Loan 88O eratin Ex enditure

Interest on Loans

Operating & Maintenance Expenses (not recoverable)Operating & Maintenance Expenses (recoverable)Community Centre Maintenance CostsAmenities & Reserve Fees rec'd transferred to Reserve

Preston Village Maintenance Surplus CIMd at 30/6/20,4Preston Village Coinm. Centre Surplus CIMd at 30/6/20,4

Cash Inflows

^Preston Village - Lease sale proceeds (refer note 10)Q^êCommunity Centre IncomeMaintenance fees recovered from leaseesAmenities and Reserve Fees received from leasees

Miscellaneous Reimbursements & Admin Fees

Actual

20/3/14

$

Preston Village Maintenance Surplus blind 1/7/13Preston Village Coinm. Centre Surplus blind 1/7/13

1,831280,000

85,000

Net Result Surplus I (Deficit)

30,00221,43822.66t

1,8453,609

Budget20.31,4

$

446,385I6,8613,106

200,000o

80pOO

466.35,

31,008o

26pOOo

15,231

570,000

3,5892628088,631I0,177

352,23913,242

1,362

698,67713,242

1,362

366,843

7.3,281

280,000

246,929

o

26,00015,231

o

321,231o

o

Page 56

32, ,231

(45,612)

35. FINANCIAL RISK MANAGEMENT

SHIRE OF DONNYBROOK I BALINGUP



Shire activities expose it to a variety of financial risks including price risk, credit risk, liquidity risk and interestrate risk. The Council's overall risk management focuses on the unpredictability of financial markets andseeks to minimise potential adverse effects on the financial performance of the Council.

Council does not engage in transactions expressed in foreign currencies and is therefore not subject toforeign currency risk

Financial risk management is carried out by the finance area under policies approved by the Council

The Shire held the following financial instruments at balance date

Financial Assets

Cash and cash equivalentsReceivables

Financial assets at

fair value through profit or lossAvailable-forsale financial assets

Held-to-maturity investments

Financial Liabilities

PayablesBorrowings

Carrying Value20.4 20.3

$ $

Fair value is determined as follows

. Cash and Cash Equivalents, Receivables, Payables - estimated to the carrying valuewhich approximates net market value

, Borrowings, Held-to-Maturity Investments - estimated future cash flows discounted bythe current market interest rates applicable to assets and liabilities with similar risk profiles

, Financial Assets at Fair Value through profit and loss, Available for Sale FinancialAssets - based on quoted market prices at the reporting date or independent valuation

6,981,1041,316,263

25,000

8,322,367

6,792, I I O2,478,017

737,1011,271,080

2014

$

o

25,000o

2,008,181

Fair Value

9,295, , 27

6,981,1041,316,263

735,0121,469,268

20.3

$

2204,280

25,000

8,322,367

6,792, I I O2,478,017

737,1011,235,478

o

25pOOo

I, 972,580

9,295,127

735,0421,313,2652p48278

Page 57

35. FINANCIAL RISK MANAGEMENT (Continued)(a) Cash and Cash Equivalents

Financial assets at fair value through profit or lossAvailable-for-sale financial assets

Held-to-maturity investments

The Shire's objective is to maximise its return on cash and investments whilst maintaining an adequatelevel of liquidity and preserving capital. The finance area manages the cash and investments portfolioCouncil has an investment policy and the policy is subject to review by Council. An Investment Report isprovided to Council on a monthly basis setting out the make-up and performance of the portfolio

The major risk associated with investments is price risk - the risk that the capital value of investments mayfluctuate due to changes in market prices, whether these changes are caused by factors specific toindividual financial instruments of their issuers or factors affecting similar instruments traded in a market.

Cash and investments are also subject to interest rate risk - the risk that movements in interest rates couldaffect returns




Another risk associated with cash and investments is credit risk - the risk that a contracting entity will notcomplete its obligations under a financial instrument resulting in a financial loss to Council

The Shire manages these risks by diversifying its portfolio and only purchasing investments with high creditratings or capital guarantees.

Impact of a I% (*) movement in interest rates on cashand investments:

- Equity- Income Statement

Notes:

(*) Sensitivity percentages based on management's expectation of future possible market movements,

Recent market volatility has seen large market movements for certain types of investments

30\Iun-, 4

$

30-Jun-13

$

69,81469,811

67,92167,921

Page 58

35. FINANCIAL RISK MANAGEMENT (Continued)(b) Receivables




The Shire's major receivables comprise rates and annual charges and user charges and fees. The majorrisk associated with these receivables is credit risk - the risk that the debts may not be repaidManagement oversees this risk by monitoring outstanding debt and employing debt recovery policies. Italso encourages ratepayers to pay rates by the due date through incentives

Credit risk on rates and annual charges is minimised by the ability of the Shire to recover these debts as asecured charge over the land - that is, the land can be sold to recover the debt. The Shire is also able tocharge interest on overdue rates and annual charges at higher than market rates, which furtherencourages payment

The level of outstanding receivables is reported to Council monthly and benchmarks are set and monitoredfor acceptable collection performance

Annual budgets make suitable provision for doubtful receivables as required, and officers carriy out creditchecks on most non-rate debtors

There are no material receivables that have been subject to a re-negotiation of repayment terms

The profile of the ShiTe's credit risk at balance date was

Percentage of Rates and Annual Charges

- Current

- Overdue

Percentage of Other Receivables

- Current

- Overdue

30-Jun-, 4

3.40%

96.60%

30Jun-, 3

97.95%

2.05%

3,029',

96,989',

99.27%

0.73%

Page 59

35. FINANCIAL RISK MANAGEMENT (Continued)(c) Payables

Borrowings

Payables and borrowings are both subject to liquidity risk - that is the risk that insufficient funds may be on hand to meet payment obligations as and when theyfall due. Management oversees this risk by monitoring its cash flow requirements and liquidity levels and maintaining an adequate cash buffer. Payment termscan be extended and overdraft facilities drawn upon if required.

The contractual undiscounted cash flows of the Shire's Payables and Borrowings are set out in the Liquidity Sensitivity Table below:




PayablesBorrowings

2014

PayablesBorrowings

Due

within

I year$

2013

Due

between

I & 5 years$

737,401174,527911,628

Due

after

5 years$

o

I, 436,623

735,012182,452

I, 136,623

917,464

Total

contractual

cash flows

$

o

1,368,519

o

156,314

1,368,519

156,314

Caryingvalues

737,1011,467,464

o

I87,712

2,204,565

I87,712

$

737,1011,235,478

735,0121,738,682

1,972,580

2,473,694

735,0121,469,2682,204,280

Page 60

35. FINANCIAL RISK MANAGEMENT (Continued)

(c) Borrowings (Continued)

Borrowings are also subject to interest rate risk - the risk that movements in interest rates could adversely affect funding costs. Managementoversses this risk by borrowing long term and fixing the interest rate to the situation considered the most advantageous at the time of negotiation.

The following tables set out the carrying amount, by maturity, of the financial instruments exposed to interest rate risk:



Year Ended 30 June 20.4

Borrowings

Fixed Rate

Debentures

Weighted AverageEffective Interest Rate

Year Ended 30 June 20.3

<1 year$

Borrowings

Fixed Rate

Debentures

Weighted AverageEffective Interest Rate

>1<2 years$

5,624

>2<3 years$

314,281

>3<4 years$

0.00

566,828

>4<5 years$

16,430

5.43%

153,940

433,375

>5 years$

4.00%

o

586,399

Total

$

230,407

4.22%

WeightedAverageEffective

Interest Rate

VC

Page 61

186,426

1,274,080

6.78%

246,639

6.25%

4.80%

1,469,268 4.83%

Report on the Financial ReportWe have audited the accompanying financial report of the Shire of Donnybrook/Baling up, which comprises thestatement of financial position as at 30 June 2014, the statement of comprehensive income, statement of changesin equity, the rate setting statement, and the statement of cash flows for the year ended 30 June 2014, a summaryof significant accounting policies and other explanatory notes and the Chief Executive Officer's statement.

INDEPENDENT AUDITOR'S REPORT

To THE ELECTORS OF THE SHIRE OF DONNYBRooKiBALiNGUP

Management's responsibility for the financial reportManagement is responsible for the preparation of the financial report that gives a true and fair view in accordancewith Australian Accounting Standards, the Local Government Act 1995 (as amended) and the Local Government(Financial Management) Regulations 1996 (as amended), and for such internal control as Managementdetermines necessary to enable the preparation of the financial report that is free from material misstatement,whether due to fraud or error.

,^

Auditor's responsibilityOur responsibility is to express an opinion on the financial report based on our audit. We conducted our audit inaccordance with Australian Auditing Standards. These Auditing Standards require that we comply with relevantethical requirements relating to audit engagements and plan and perform the auditto obtain reasonable assuranceabout whether the financial report is free from material misstatement.

AMDCHARTERED ACCOUNTANTS

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in thefinancial report. The procedures selected depend on the auditor'sjudgment, including the assessment of the risksand material misstatements of the financial report, whether due to fraud or error. In making those riskassessments, the auditor considers internal control relevant to the Shire's preparation of the financial report thatgives a true and fair view in order to design audit procedures that are appropriate in the circumstances, but riot forthe purpose of expressing an opinion on the effectiveness of the Shire's internal controls. An audit also includesevaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates madeby Council, as well as evaluating the overall presentation of the financial report.

We believe the audit evidence we obtained is sufficient and appropriate to provide a basis for our audit opinion.

IndependenceIn conducting our audit, we followed applicable independence requirements of Australian professional ethicalpronouncements.

Uadli!y limited by a alone annoed ur^r Plot"stonel Stenchrds hagislation

CharteredAccountants

Independent Member of

B KRI",.."AVIO"AL

Bunbury OfficeUnit I. 28-30 Welling10n Street.PO Box I 306,Bunbury, WA 6231

Telephone: (08) 9780 7555Facsimile: (08) 972,8982

Mandurah Office

197 Mandurah Terrace.PO Box 4250.Mandurah North, WA 6210

Telephone: (08) 9584660oFacsimile: (08) 95358840

Email: amd@amdonline. comau

Geraldton Office

156 Durlacher Street.PO Box 288,Gemldton. WA 6531

Telephone: (08) 99645888Facsimile: (08) 99645899

WWW. amdonline. coin. au

Opinion

In our opinion, the financial report of the Shire of Donnybrook/Baling up

i. gives a true and fair view of the Shire of DonnybrooklBalingup's financial position as at 30 June 2014 andof its performance for the financial year ended 30 June 2014;

Ii. complies with Australian Accounting Standards; andiii. is prepared in accordance with the requirements of the Local Government Act 1995 (as amended) and the

Local Government (Financial Management) Regualtions1996 (as amended).

Statutory ComplianceIn accordance with the Local Government (Audit) Regulations 1996, we also report that:

i. There are no matters that in our opinion indicate significant adverse trends in the financial position or thefinancial management practices of the Shire.

11. There are no other matters indicating non"compliance with Part 6 of the Local Government Act I995 (asamended), the Local Government (Financial Management) Regulations 1996 (as amended) or applicablefinancial controls of any other written law noted during the course of our audit.

iii. The asset consumption ratio and the asset renewal funding ratio included in the annual financial report aresupported by verifiable information and reasonable assumptions

iv. All necessary information and explanations were obtained by us.v. All audit procedures were satisfactorily completed during our audit,

AMD Chartered Accountants

TIM PARTRIDGE

Partner

Bunbury, Western Australia Dated this 13'' day of Novem ber 2014

APPENDIX ,

2. OPERATING REVENUE AND EXPENDITURE

I(b) Classified According to Nature and Type

OPERATING REVENUE

Rate Revenue

I RatesGrants & Subsidies (Operating)

General Purpose Grant

"'. A_gad H. st^! sthîdy

MRWA Direct Grants




Interest on Deferred Rates

Grants & Subsidies (Capital)

Other Grants

Local Roads Grant

Contributions and Donations (Operating)

MRD Special GrantsOther Grants

Contributions and Donations (Capital)

Contributions and Donations

, - 20/3/20,4. - -.

.' ';.--'\ ; - '. Actual I~;'~~. '-.:~~ .if;I

Service Charges

Contributions and Donations

r'

Fire Protection Levy

3,646,931

905,257

~ . ..-.. ..-.

, , . . . . ,, , ...".. .... - -. ... .... -..' *.',,.'.,..'.. --'.'.~'.

117,373

I, .__,. .

1,881208,915

3,646,93,

1,048,970

I"'~"~~~~'

2,109,356345,063

2,282,396

3,640,202

206.1 47

923,077

I91,691

.:. I ..;:\\:1.1. . ' . 20/2/20,31: .'-,;;\;., I. ;,!,,,-~

.;. I- '. .. ;*-'! - ' ,,' " ' .:' Actual: ' - ' .--.' '.'::. I .":

I I 7,373

2,454,4.9

206,147

, 9, ,69'1

o

1,600321,422

3,640,202

1,053,877

2,076,4175,163,011

3,374,446

2,417,349

207,484

1,671,259

784,030

I09.1 33

7,239,428

1,588

159,849

3,374,446

1,060,145

207,484

o

784,030

1,828,413

Page 64

422,285

3.00, ,974

320,448

o

44,021

2,250,698

320,448

44,02,

o

APPENDIX I


I(by

' Fees and Charges

Classified According to Nature and Type:

IDirect Debit Arrangement FeesI IRefuse Removal Charges

Rates Instalment Charges

I Recycling ChargesI Rental Income

Waste Management Levy

- ---I---~

Hall Income




Ground Rent

Recreation Centre Income

Caravan Park

11nterest Earnings I

Fines and Penalties

Rates & ESL Penatly Interest Charge IInterest on Rates Instalments I

I L,

Other Fees and ChargesPrivate Works

~I '~~

,..!..-, ., ,...

.,' .*..'..', '

, ,.. ...

Interest on Municipal Funds

Other

Interest on Tuia Lodge Funds

I2,0422,975

Interest on Reserve Funds

.-.

20,312qi4;:;* ".:~*'..,' ;\:..{'- . .. ... - ..-.,.

-- Gua '.':.-..'. :.':~;;4:1":

Revenue

r

Reimbursements & Recoveries

Other Income I- ^ ---

Profit on Sale of Nori-Current Assets I' ~I~~~

RoyaltiesCommissions

162,730

ITotal Operating Revenue

463,959

110,191

7,4,222

-.-.. .. ,

,*._, . - -, .~-B'd ~ t: -' . ---. . *.

13,94318,090

177,284

Î------

38,30710,800

303,381

13,000

7,155

2,000t59,645

25,936

459,522

12,640

I I 0,040

Tl

64,960

.. , , -... .. *,. .-,. .,. - ., . .

729,741

2,035,077

194.0,7

15,200

o

20,222

31,950

3,322

578,487

169,200

21,453

43,500

89,082

6,900244,778

297,553

12,642

I0,180

2,015

,1,838,508

196,141

20,800

436,824123,432

I2,000110,000

681,977

720,973

1,983,928

163,510

17,31320,949

o

3,322

, 1,838,508

I57,701

192,035

41,845

21,91888,050

Page 65

6,750256,980

7,100

306,310

3,287

22,200

,6.9,0,034

21,390

11,905103,694

,, 957,858

309,103

241,306

o

1,257,645

22,200

16,910,034

21,81887,367

390, I 52

378,295

67,246

,3,154,968

,, 756,982

67,246

t3, ,5, ,968

APPENDIX ,


(b)

OPERATING EXPENDITURE

Classified According to Nature and Type

Employee CostsSalaries and WagesSuperannuation

~~I~^'fin^~^;;Îâ;;~^~!~"

Workers Compensation IClothing and Uniforms I



FOR THE YEAR ENDED 30TH JUNE 20,4

Employee Provisions

Materials

Other Employee Costs

_,___L_ I _,__

Chemicals I Gas I

Road Materials I I~~' ~~'~'~"~~~

L_

Fuels & Oils

Plant Parts I

, -.: I .: . '11/1/1'."20/3/20,4t' ;;. ' ,' . ' ; .;-;.,. , . .. .*. *-Actual- -! .. , ,

ToolslHardware

Office SuppliesGarden Supplies

T~j

I I

Freight & Transport

3,920,509394.5t8112,316

, .-. . . '20/3/20,4- .- .- - - - ,- ,A '.'*'*..'... J. :~ ~'.'~,...\ I" "'

,. . . .*., Bud et .. , . . ,. ,,.. .,,*. . .

27,83128,93742,03164,419

16,160173,83864,068

It, 193

3,921,364

4,601,754

180,634107,968

422,384112,330

634

14,297

,.---.-- - .-., 20,2120,3, ..

":fl. ', '; ""- ",:I, -~ ;Actual'till .

22,309

38,214

62,622

85,395

73,038

42,600

22,780

o

f 1,083

14,881226,293

3,459,098

70,680

4,645,067

*. .

350,601

201,350

. .

110,938

726,651

149,500

. J

25.1 86

9,450111,015

45,23640,092

81,568

60,863100

12,176

I8,200

Page 66

5,100

16.21 O200,945

40,121

4,124,895

161,512144,240

867,432

20,64352,56054,99114,16413,258

88 718,731

APPENDIX I


.__;(b)

icontracts

Classified According to Nature and Type

, iservice Contracts & Repairs I~'166htf^ct Labour ~ ~! ",.__

----- -~. --.-- --. ----^-

^-~

I Lease & Rental Expenses

Professional Services & Consultants

Rubbish Disposal Contract




Utility Charges

Recycling Contract

PhonelFax

---^-- -------.-~.- --- ------

'11^ _

SewerageElectricity

. -. ,.. * .

*t, .*.'*

'*{',:,-'. \-\,..

Interest Expenses

- ~ -J~J~^

-' ,20/3/20,4 '

Actual* .*

Interest on Overdraft

Interest on Loans

,. ,

-.- -.--.- -

13,541

150,543

,. ----

L,

1,345,289

.. J

I'

. .

3,526

,.

2,276

..**.*/--:-;,..-.- ' .2'0,3120',^'. ..-:, , J_,

--:*-, 1'1. :'. ' '\---. Budget' ".:I-" . I--

472,878I 12,747

. .

I17,635

16,658269,341

41,571

288,768

2,218,435

16,400146,620

55,532

1,739,1141,9502,100

;-.:~;;;-;*;:*'I-.-: 20'12/20,3- '. ,;":'-.:::.,'-:; *.'I' Actual ' '

466,504

288,768

a25,614

383, , 02

99,747

66,968

41,85014,875

234,300

133,3381,414,972

2,598,049

8,368

. .

42,353

..

.

...

66,968

. .,.

I'

3,245

261,167

1,817350,846163,282444,478

333,378

1,000

70, ,17

261,167

39,513

Page 67

15,603252,649

2,220,346

54,493

71,117

263,964

362,258

o

67,760

263,964

67,760

APPENDIX I


L

, .I_, I_____*__~ 'Other Expenditure1:1^~^Hments

(b) Classified According to Nature and Type:

-I--. Subscriptions I DonationsValuations I Title Searches

-

PostageAccommodation

~!'

..

Licence Fees

AdvertisingCouncillor Allowances

SHIRE OF DONNYBROOK I BALINGUPNOTES To AND FORMING PART OF THE FINANCIAL REPORT


~~;"

Loss on Sale of Non. Current Assets

Bank ChargesOther Expenditure

- - --^--^----Î^-----

Depreciation-.-J ..^-

~ __I,

r~

~I

Buildings

' ' . I. " '. ,~:': ' 20,3120,41:::','* I'l',, .. , ...... -.,,.. ..

I ;.";\..' 11. '-:;Actual, -";~ . "' " '

Furniture and Equipment

T~~~~

~'T

~'I~'~ ~~

Plant and Equipment

,I_L_eSs: Applicable to Capital Works

Infrastructure Roads

Infrastructure Other

~~ITotal Operating Expenditure

I_,. I. _ I~^CHANGE IN NET ASSETS FROM OPERATIONS

15,789121,896

I ~-~~"~'

24,674

~.'~I~~ ~

I0,797

T-^

I5,616

.* ;..: :;,.:.::.-,..:.'.' 1.1. -2'my13120j4. :^*;;;., -..::,. ;.. ..,,... . .,.. .,. ,,.,...-... ~ ,

-- - I' ;:I. " --,:'. ' *-' ':Ûdget ': . .";-... .\ -;.. ' . ' - .

12, I 1429,33897,935

t

14,674184,495

'I+~~

117,114

37,750149,370

484,405

.+.-..---

25,000

I I

527,328

72,987

I1775

292,3731,967,000

7,450

117,114

-,.~ 1.1. * . 1:1:1 .'- 20j2!?013. ;: -.,'- ^'I". 1,1 I,. ,-- .. .,,..

19,140

461,128

44,948102,470

-379,540

14,000

11,828,472

191,389

3,277,892

31,800

19,144

I0,036

109,251

-379,540

466,130

70,727

,. 1,828,472

603,262

I0,688

71,180413,785

12,821

1,402,000

13,709

31,800

423,690

34,448

, 0,036

69,711

-617,175

12,911183,465

11,570,882

-,-.

Page 68

5,339,152

48,680

2,776,785

466,134

-617,175

536,874

,,, 570,882

71,182412,349

1,402,000423,691

48,680

5,339, ,52

-364,073

, 0,754,788

2,397, *80

2,775,353

-364,073

, 0,754,788

2,397,180

APPENDIX 2

17. ASSETS CLASSIFIED BY PROGRAM

a) FIXED ASSETS BY PROGRAM

Shire of Donnybrook - Baling upNotes To And Forming Part of the Financial Statements

For the Year Ended 30 June 20.4

Governance

Land

BuildingsFurniture & FittingsPlant & Equipment

Law, Order and Public SafetyBuildingsFurniture & FittingsPlant & Equipment

Health

Land

BuildingsFurniture & FittingsPlanl & Equipment

Education & Welfare

Land

BuildingsFurniture & FittingsPlant & Equipment

HousingLand

BuildingsCommunity Amenities

BuildingsFurniture & FittingsPlant & EquipmentInfrastructure

Values

30.06.2014

440,000i1,450,500j

61,805j

1,013,50034,8681

I, 227,377 I

Values

30.06.20.3

85,000330,000

,19

1,952,305

453,336!

2,022,269;79,420!

2,275,746

899,000

5,052,85096,873

40,482

855,687,30,347j

896,000j

415,119

i, 099,077

2,555,026

80,000309,514

258

o

575,589

1,7358,364,

6,089,205

1,985, I I I

587,291

7,494,066I 16,243

44.31 O

896,000

389,772

208,000o

638,317

269,67956,204

1,90845,334

8,241,910

208,000

373,125

Page69

APPENDIX 2

,7. ASSETS CLASSIFIED BY PROGRAM

Recreation and Culture

Land

BuildingsFurniture & FittingsPlant & EquipmentInfrastructure

TransportLand

BuildingsFurniture & FittingsPlant & EquipmentInfrastTucture

Economic Services

Land

BuildingsInfrastructure


For the Year Ended 30 June 2014

, 7.

to)

Values

30.06.2014

1,565,500 I5,357,464

OTHER ASSETS BY PROGRAM

General Purpose FundingReceivables I Debtors

Long Term Investments (Shares)Restricted Assets (Unspent Grants)Restricted Assets (Reserves)

Governance

Receivables I Debtors

Law, Order and Public SafetyRestricted Assets (Reserves)Restricted Assets (Unspent Grants)Receivables I Debtors

86,357

3,636,782

240,800

295,0007,016

1,847,496138,771,231

Values

30.06.2013

I0,663,583

968,900

658,283j

7,807,062j92,5511

I, ,961 I3,047,879

7,741524,581

1,978,168

550,105!

20,178j

141,161,542

197,849j

1,539,183

270,46825,000

o

1,276,113

137,439.017

165,630,999

I 1.6t 6,735

773,203

204,195

20,698

1,385

140,147,364

11,771j1,976.

12,631 I

1,571,581

998,097

217,07725,00045,000

a ,095,354

166.5,5,140

1,385

26,378

I I, 370 I

14,488j6,175!

1,382,431

o

32,032

Page 70

APPENDIX 2

I7. ASSETS CLASSIFIED BY PROGRAM

Health



Restricted Assets (Reserves)Restricted Assets (Unspent Grants)Restricted Assets (Preston Village)Receivables I Debtors

Community AmenitiesRestricted Assets (Reserves)Restricted Assets (Unspent Grants)Receivables I Debtors


Restricted Assets (Reserves)Restricted Assets (Unspent Grants)Receivables I Debtors

Stock on Hand

TransportRestricted Assets (Reserves)Restricted Assets (Unspent Grants)Receivables I Debtors

Stock on Hand

Economic Services


Other Property & ServicesReceivables I Debtors

Other Non-Attributable

Cash



For the Year Ended 30 June 2014

13,438

1,697,028o1

19,966

387,229

850,487I0,45720,509

79,29116,308

2,924,811 I100,000

480,810

Values

30.06.20.4

13,438

SUMMARY OF ASSETS

Values

30.06.20.3

Fixed: Property, Plant & EquipmentOther: Cash, Reserves. Debtors & Stock

TOTAL ASSETS

2,104,223

9,122

1,692,553

2,33014,604

508,540

881,453

9,122

806,96739,75219,186

105,655

11,513

2,218,028

15,709

70,971213,20126,909

1,224

4,024,741

o

47,953

865,905

1,821,532

I I 1,6771,626,279

252,545

I 1,543

15,709

312,306

47,953

8,804,029

15,338

165,630,999

8,804,029

7,261

3.8t2,033

174,435,028

852,310

42,129

15,338

7,261

894,439

9,548,896

166,515,4409,548,896

,76,064,037

Page 71

Appendix 3

IA) Current Ratio


Notes To and Forming Part of the Financial StatementsFor the Year Ended 30 June 2014

SUPPORTING SCHEDULES FOR THE CALCULATION OF RATIOS

IB) Asset Sustainability Ratio

currentliabilities minus liabilities associated with restricted assets

8,345,172 less 6,981. , 04

currents assets minus restricted assets

(c)

equals

Debt Service Cover Ratio

1,930,268

principal and interest

annual operating surplus before interest and depreciation means:'bperating revenue minus net operating expense"

ca jinl renewal and re lacemenj ex endi!ure

less

O eratin Revenue

07714

Operating Revenue:Capital Grants

equals

depredation expense

2,021,261

Capital Contributions

NetO eralin Ex ense

annual o eratin sur jus before interest and de recia!ion

161.978

Operating expenseInterest expense

3,277,891. "

0,6166

Depreciation

Prtnci al and Interest

Loan PrincipalLoan Interest

I I, 838,5082,454,419

-191,6919,192,398

I 1,828,472-66,968

-3,277,8928,483,611

198,18866,968

265.1 57

9,192,398198188

equals

less

plus

708,786265,157

26731

8,483,61166,968

Page 72

Appendix 3

ID) Operating Surplus Ratio


Notes To and Forming Part of the Financial StatementsFor the Year Ended 30 June 2014


O eelin Revenue

Operating Revenue:Capital GrantsCapital Contributions

QPÔperating Expenses

Own Source O eelin Revenue

o eratin revenue minus o eratin ex ense

Rates

Service ChargesFees and User ChargesReimbursements & Recoveries

Interest Income

Profit on disposal of AssetsOther Income

own source operating revenue

I1,838,508

(2,454,419)_ÎL

9,192,398

11,828,472

3,646,931o

2,035,077206,147297,553

3,322720,973

(E) Own Source Revenue Coverage Ratio

6,910,002

9,192,397.79

Own Source O eratin Revenue

Rates

Service ChargesFees and User ChargesReimbursements & RecoveriesInterest Income

Profit on disposal of AssetsOther Income

less

^Z^L6,910,002

6,910,002

QPÔperating Expenses

own source o eratin revenue

operating expense

11,828,472

co. 3815)

3,646,931o

2,035,077206,147297,553

3,322720,973

6,910,002

11,828,472

equals

6,910,002I1,828,472

05842

Page 73

Appendix 3


The following information relates 10 those ratios which only require an attestation they have been checkedand are supported by verifiable information.

SHIRE OF DONNYBROOKI BALINGUP

Notes To and Forming Part of the Financial StatementsFor the Year Ended 30 June 20.4

Asset Consumption RatioAsset Renewal Funding Ratio

The above ratios are calculated as follows:

Asset Consumption Ratio

Asset Renewal Funding Ratio

current replacement cost of depreciable assetsde redated re lacement cost of assets

NIA - In keeping with amendments to the Local Government IFinancial Management) Regulation 50,comparatives for the 2012 year has riot been reported as financial information is not available.

NPV of Ianned co it al renewals over I O ears

NPV of required capital expenditure over I O years

2014

0,6427

0,4264

2013

0,726,

0,4182

20.2

N/A

NIA

equals 160,535,799

equals

249,790,398

17,929,29142,050,818

Page 74

Appendix 4 Asset Disposal Schedule - 20/3/20,4

LAW, ORDER & PUBLIC SAFETYFire Prevention

6/132

Asset

No.

EDUCATION AND WELFAREOther Welfare

10/31

Asset Details

RECREATION AND CULTUREOther Recreation and Sport

3,151 Rec Centre Cash Register311 52 Treadmill & Exercise Bike3,168 Treadmill X Trainer & Exercise Bike20207 PT Dbk Town Lot 7

Toyota Land Cruiser (DB40420

Lot 267 Jayes Road. Baling up

TRANSPORT

Road Plant Purchases707 Southampton Rd Bridge Destroyed by Fire

John Deere Backhoe (DB754)61/076,172 Isuzu NPR300 Medium Truck toB2t34)6,198 MitsubishiTnton Utility (DBti2)

Ford Courte, Tipper Ute (DB102)6,182

Toyota Hilux Utility (DB646)6,14061170 Toyota Cainry Sedan (DB346)61193 Kubu!o Z0326 ROM. (DB898)50332 MEY 24" Cylinder Mower50396 Stihl Ms390 Chainsaw50439 Stihl Ms441 Chainsaw50417 SIIhl HS817 Hedge Trimmer50429 SIIhl BG86C BlowerVac50406 Stihl BG86C Blower Vac

TPE Self Propelled Mower50452

HUSqvama Chainsaw50377


Notes to and forming part of the Financial StatementsForthe Period ended 30th June 2014

Asset Classification

Plant and Equipment

Land

BudgetProceeds Sale of

Asset

ECONOMIC SERVICESOther Economic Service

20636 Storage Units - Collins St

Furniture & EquipmentFurniture & EquipmentFurniture & EquipmentLand

BudgetWritten Down

Value

Infraslrudure - BridgePlant and EquipmentPlant and EquipmentPlant and EquipmentPlant and EquipmentPlant and EquipmentPlant and EquipmentPlant and EquipmentPlant and EquipmentPlant end EquipmentPlant and EquipmentPlant and EquipmentPlant and EquipmentPlant and EquipmentPlant and EquipmentPlant and Equipment

o

o

oo

Budget

ProfitiLoss

o

oooo

o

Actual

Proceeds Sale Actual Writtenof Asset Down Value

o

o

o

25,00032,00016,000

14,0006,0008,000

10,000o

ooooooo

o

o

o

oooo

Building

oo

13,684

o

,3,684

o

10,20045,73021,770

9,6006,000

5,00022,300

oooooooo

oooo

o

19,282 ^^g^;!^L

o

o

Actual Profit I

Loss

o

14,800

(13,730)(5,770)

4,400o

3,000(, 2,300)

oooooooo

,9,282

tit, 000

o9191

o

1,503 ^^9Î.1,503

182

o

,,,, 000

o

ooo

,8,1828,636

o

8,6367,0001,591

3646823184545

o909

(5,598j

ooo

120

120,600

o9191

^:!^9z62

11,503)

f20

10,723oo

21,66713,334

o

8,32414,625

1362044/770

10470

327209

o

,20,600

o

19,600j

o

Page 75

00,723)oo

13,486)(4,698)

o312

(7,625)1,455

159265249

(59)(24)

(327)701

19,600)

o

46,409

o

60,275

o

70.2,0

82,952 ^^^.^2182,952

174,066

(23,801j

182,952j

(1.3,7921

Appendix 5

Note 27 FEES AND CHARGES

Summa

GENERAL PURPOSE FUNDING

of revenue from Fees and Char es b Pro rain

Shire of Donnybrook/Baling upNotes To and Forming Part of the Budget

For the Year ended 30 June 20.4

General Pur OSe Fundin

Rates Instalment ChargesDirect Debit Arrangement FeesCharges Rural Property Numbering SystemRating Account Enquiry Charges

LAW, ORDER, PUBLIC SAFETYFire Protection

General Income

Fines and PenaltiesBush Fire Permits etc.

Charges Water Usage from StandpipesAnimal Control

Fines and Penalties

Cat Registration FeesDog Registration Feesimpounding FeesOther Law Order & Public Safe

HEALTH

Fines and Penalties

Health Iris ection and Adminstration

Actual

Fines and Penalties

Septic Tank Application FeesSeptic Tank Approval to UseFood Registration and Assessment FeesHealth Licences

Swimming Pool Inspection feesWater Sampling ChargesAccount Enquiry HealthOther Health

204 3114

12,0422,975

218

14,137

Bud at

29,372

Doctor's Surgery RentalDental Surgery RentalPathology Centre Rental

20121,3

1300o2,000

500

I I, 000

EDUCATION AND WELFARECare of Families & Children

Actual

725073

2,825

26,500

12,6422,015

327

I0,900

Lions Club Building Allnut StreetOther Welfare

3,5504,046

19,4743,842

4,000100

2,500

Tuia Lodge RentalHACC Office Rental

Mirininup Cottages I-4 RentalMirininup Cottages 5-8 RentalMirininup Cottages 9-12 RentalLangley Villas I -6 RentalLangley Villas 7-9 RentalRetirement Village Maintenance FeesRetirement Village Administration Fees

25,884

1,5001,500

I I, 0003000

41,060

4,000o

2,238

o

o

4,4074,4077,8822,799

o

170

2,5101,281

I0.91 I2,997

23,600

o

1,0004,0004,0008,0003,500

o

500

o

24,082145

35,73034,32334,973

o

4,1814,1818,1613,4394,498

464

o

121,690

40,19029,26631,315

1,061

423,78612,51826,61824,72026p6240,26619,76126,280

1,425

121,771

34,30529,39833,487

778

448,000I2,24124,60024,60024,60036,86018,97026000

o

149,115

602,497

Page 76

135

410,57912pOO24,70229,44823,56130,71120,80938,666

1,538616,649 592,149

Appendix 5


Summa of revenue from Fees and Char es b Pro rain

COMMUNITY AMENITIESSanitation - Household Refuse

Shire of DonnybrooklBalingupNotes To and Forming Part of the Budget


Refuse Removal ChargesBulk Refuse ChargesWaste Management LevyRecycling ChargesOther Sanitation

General Income

Fines and Penalties

Town Plannin & Re ional Develo merit

Charges - Rezoning applicationsCharges - Town Planning ApprovalsOther Coinmuni Amenities

Donnybrook Cemetery FeesBaling up Cemetery FeesUpper Preston Cemetery FeesHire of Community Bus

RECREATION AND CULTUREHalls

Donnybrook Hall RentalDonnybrook Hall Equipment Hire

Actual

Baling up Hall RentalOther Recreation and S ort

20/3/14

Rental Baling up Physio RoomBaling up Recreation Centre LeaseCharges Egan ParkCharges Mitchell ParkMitchell Park Tennis Club Water ChargesCharges Hire Other ReservesDonnybrook Recreation Centre ChargesOther Culture

162,73090,966

463,959110,191

Bud et

159,64562,800

459,522I I 0 040

2012/13

Donnybrook Visitor Information CentreArts & Crafts (Lease Guide Hall)

Actual

TRANSPORTRoad Maintenance

o

I5,584

o

2776t3,4155,6021,302

196,14162,738

436,824123,432

100

Charges Parking InfringementsCharges Issue Heavy Haulage PermitsPrivate Works

5pOOI2,000

88, ,509

Fees for Private Works undertaken by Council

200001,2001,2001,500

5,259I 1,909

o

12,018214

1,711

833,007

19,4961,120

66

1,501

2473'0001,462

12,2321,3273,069

177,284

13,000200

2,000

858,487

2,400I0002,501

15,1451,327I249

169,200

12,648214

4,451

3,273608

216,670

2.5141,0002488

I5,4801,2881,693

157,701

3,273608

o

3,243

2, I, 903

7,155I0,398

200

3,000

200,067

590

I0, I 80I3,380

Page 77

95

3,127

3,2876,510

Appendix 5


Summa of revenue from Fees and Char es b Pro rain

ECONOMIC SERVICES

Tourism & Area Promotion

Shire of DonnybrooklBalingupNotes To and Forming Part of the Budget


Donnybrook Transit ParkBaling up Transit ParkCaravan Park Licences

General Income

Buildin Control

Fines and Penalties

Building Permit FeesSwimming Pool Inspection FeesOther Building Fees and chargesOther Economic Services

Vehicle Examination Fees

Bank Building RentalRental Storage UnitsExtractive Industry Licences

TOTAL REVENUE FROM FEES AND CHARGES

Actual

20/3/14

Bud at

I0,18928,118

o

201 2113

o

53,3621,663

98

Actual

I 1,50032000

200

o

31,720o

6,732

100

50,0004,300

200

I 1,29530,551

o

I34,881

2,035,077

500

31,818o

9,500

o

50,523

137, , t8

182

1,983,928

o

27,9491,5139,551

I31,564

I, 957,858

Page 78

APPENDIX 6

CAPITAL




GRANTS

RECEIVABLE FROM

Law Order & Public Sale

Fire & Emergency ServicesFire & Emergency ServicesFire & Emergency ServicesFire & Emergency ServicesFire & Emergency ServicesWestern Power

Education & Welfare

Department of Social Services


LotterywestLotteryv, estDept Sport & RecreationDept Sport & RecreationDept Sport & RecreationLocal Energy Efficiency ProgramLotterywest

Grant for Fire Units supplied through LGGS (ESL)Grant for new SES Vehicles through LGGS (ESL)New SES Building - DonnybrookNew BFB Building - Baling up BrigadeExtension to Building - Argyle I Irish town BFBFurnishing of Baling up Fire Station

PURPOSE

^99,Main Roads WA

Main Roads WA

Main Roads WA

Federal Road FundingDepartment of Transport

Tuia Lodge Extension

Baling up Hail StoreroomDevelopment of Skate park in DonnybrookCSRFF Grant for Electronic Pool Blanket

New Cricket Nets at Egan Park DonnybrookNew Cricket Nets at Baling up OvalUpgrade Recreation Gen!re Hot Water systemUpgrade CISeniors Quadoor Area

20/3/20,4ACTUAL

20/3/20t4

BUDGET

Federal & State Blackspot FundingCommodity Route Funding ProgramRegional Road GroupRoads to Recovery ProgramPathway Construction Mead Street

227,930o

o

o

1,090,140

76,600

450,000

376,850

10,824o4,543

232,473

o

2,004,414

o

o

60,095o

10,089

7,263o

o

2,760,000

2,760,000

20,000

250,000

10,000

10,089

7,26313,000

25,000

77,447

731,67157,600

460,000

860,085

35,143

335,352

2,144,499

648,333

108,000

460,000

860,08463,245

2,454,4.9

2, ,39,662

7,239,428

Page 79

APPENDIX 6




CAPITAL CONTRIBUTIONS

RECEIVABLE FROM

Education & Welfare

Community Contrlbutions

Law Order & Public Safe

Department of Health

99^Shire Trust Fund


Various

Shire of Donnybrook-Baling up

T^9.11Education DepartmentVarious

Various

Various DevelopersVarious Developers

Tuia Lodge Extension

SES Building Bentley Street, Donnybrook

PURPOSE

Upper Pres!on Cemetery Upgrade

Contributions for Memorial Park Bench Seats

Transfer from Trust for purchase Gym equipment

Mead Street Parking UpgradeRoad Closure costs

Value of gravel used from stock on ShirejobsRoad Assets gifted through subdivisionSubdivisional/ Road Contributions

20/2/2013ACTUAL

20/2/20t3BUDGET

o

o

44,83544,835

400,000

400,000

2,600

2,600

44,83544,835

1,364

2,125

3,489

136,608682

o

o

3,477

D

o

o

1,695

1,695

140,767

o

o

137,500

200,000o

19, ,69,

337,500

784,030

Page 80

APPENDIX 6

OPERATING GRANTS



FOR THE YEAR ENDED 30TH JUNE 20,4

GRANTS

General Pur OSe Fundin

RECEIVABLE FROM

Grants Commission

Regional Development AustraliaTreasury

Governance

Office of Seniors Interests

Department of HealthDepartment for Communities

Heal!h

HealthwaysCuntn University of Technology

General Purpose GrantRound Five Grants

Deferred Rates Interest

Education & Welfare

Unidentified

SWDC Regional Events ProgramSouth West Development CoinmHealth & Family Services

PURPOSE

Stay on your Feet WeekSeniors Week Grant

Thank a Volunteer Day Grant


Department of Local GovernmentRAC WA

Freemasons "Round the Lodges"Lions Club of DonnybrookSEMC Secretariat

Fire & Emergency Services

Healthy Community InitiativePlayground Signage - Tobacco Control Scheme

Proposed grants for Youth related activitiesSkate park OpeningAged Friendly Community PlanTuia Lodge Operating Subsidy

20,220,3

ACTUAL

99^South West Deve!opment CoinmWater Corporation


20/2/2013BUDGET

Dept of Sport & RecreationLotterywestDept of Sport & RecreationTreasuryLotterywestf Healthways

Cat Sterlisation ProgramRoad Safety Initiative "Being seen being safe""Being seen being safe" dorialion for salety vests"Being seen being safe" donation for safety vestsAware Grant for Local Recovery ArrangementsEmergency Services Lew Funding

905,257o

1.88t

907.38

L!^^!!Main Roads WA

923,077

102,6101,600

o

958

1,000

Developing Donnybrook Community EngagementWaterwise Council Initiative

,, 027,287

,, 958

o

2,135

1,000

1,000

1,000

CSRFF Grant for Donnybrook Walk Trails ProjectGrants for Donnybrook & Baling up Walk TrailsKidsport programSwimming Pool Operating SubsidyGrant to support community evenls

2, ,35

o

o

15,000

I, 048,970

3,000

2,000o

,, 063,970

2,000

Direct Grant for road maintenance I preservation

2,0002,000

o

1,053,877

3,000

2,000

2727

1,364

15,535

115,197

1,057,877

8,000o

o

o

o

85,332

139,823

40,000o

40,000

93,332

o

o

10,000o

o

30,000

32,48062,480

10,000

15,000

30,000o

3,000

6,000

It7.373

1.7,373

2,282,396

Page 81

54,000

It 7,373If7.373

2,417,349

APPENDIX 6




OPERATING CONTRIBUTIONS


RECEIVABLE FROM

Various DevelopersVarious

Health

Various

Employee Contribution


Various

Various

Tuia Lodge I Well Aged HousingPreston Retirement VillagePreston Retirement VillageVarious

Subdivision Clearance Fees (Fire Control)Condbution to Employee LSL

Con, ibution to Employee LSLEmployee Contrtbu!ion to Vehicle

PURPOSE

Aged Housing Bonds RetainedWell Aged Housing Bond donatedAdministration Contributions

Administration Contrlbutions

Retained contributions from Leasees

Contributions I Charges for After School Program

20/2/20,3ACTUAL

20/2/2013BUDGET

1,246

3,470

4,716

198

1.1 82

1,000o

a, 380

1,000

82.1 84300

15.1 503,000

88,631

2,857

o

1,300

1,300

170,027o

15,150

3,000

I5.23,

1,000

192, ,21 204,408

Page 82

APPENDIX 6




CONTRIBUTIONS CONTINUED

99Êmployee contribution

RECEIVABLE FROM


Various

Newlands Hall Committee

Donnybrook Country Club

Economic Services

Various

Contrib to oneet employee relocation costs

Community contrlbulionsIOTApple FunparkMaintenance subsidy not provided to CommitteeRelmburse Interest on Self Supporting Loan

PURPOSE

Conribution to Employee LSL

20/2/2013

ACTUAL20/2/2013BUDGET

387

387

5,465

1,360519

7,344

o

o

198

o

o

776

,98

206,147

776

o

207,484

o

Page 83

Documents

I"^-,^,;,, Drj - Shire of Donnybrook-Balingup