11. Finance Leases
2016
$ 2015
$
535,252 636,153
Less than 1 year 284,619 244,170
Between 1 and 5 years 250,633 391,983
535,252 636,153
11,260,425 9,898,986
1,274,322 480,069
12,534,747 10,379,055
7,117,729 6,570,825
Finance Lease Liability
Minimum Lease Payments
In 2016 total lease payments of $281,642 (2015: $258,187) were made.
12. Unearned Income
Prepaid government funding
Prepaid special education income
13. Provisions
Current
Employee Benefits:
Provision for annual leave and rostered days off
Provision for long service leave
Provision for Make Good Liability:
Make good liability
5,107,030 4,570,305
12,224,759 11,141,130
480,624 674,295
12,705,383 11,815,425
2,066,406 2,234,417
1,042,435 914,899
3,108,841 3,149,316
Non-current
Employee Benefits:
Provision for long service leave
Provision for Make Good Liability:
Make good liability
A provision for make good was taken up for the first time in 2013 to account for commitments related to decommissioning of
leased properties.
14. General Funds
Balance at beginning of financial year
Net surplus
Net transfers from General Funds (note 15 & 16)
Balance at end of financial year
20,396,125 15,076,060
5,563,232 5,340,237
(60,853) (20,172)
25,898,504 20,396,125
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