Our Plans for 2021/22 | Page 100

2.3 ACCOUNTING Our finances - Accounting
Operations
2018 / 19
$
2019 / 20
$
2020 / 21 Quarter 4 review
$
2021 / 22 Cost and funding estimates $
2021 / 22 Reduced budget
Operating revenue - $ 515,059 $ 3,000 $ 5,000 $ 5,000 Other revenue - 515,059 3,000 5,000 5,000
$
Operating expenses $ 1,458,834 $ 1,032,333 $ 1,097,960 $ 1,144,325 $ 1,138,909 Employee costs 824,177 893,417 897,760 1,073,025 1,073,025
Materials and services
634,657
172,705
170,200
41,300
35,884
One-off initiatives ( operating projects )
-
1,290
-
-
-
Finance costs - ( 35,079 ) 30,000 30,000 30,000
Depreciation expense - $ 236 - - -
Operating result / ( deficit ) - Contribution required from general revenue
($ 1,458,834 ) ($ 517,510 ) ($ 1,094,960 ) ($ 1,139,325 ) ($ 1,133,909 )
Our finances - Corporate expenses
Operations
2018 / 19
$
2019 / 20
$
2020 / 21 Quarter 4 review
$
2021 / 22 Cost and funding estimates $
2021 / 22 Reduced budget
$
Operating expenses
$ 1,418,915
$ 1,942,584
$ 107,000
$ 105,000
$ 105,000
Payroll oncosts
8,626,798
9,227,550
9,129,790
8,050,000
8,050,000
Corporate expenses
6,007
106,565
107,000
105,000
105,000
Payroll and Accounts Payable oncosts recovery
( 7,213,890 )
( 7,391,531 )
( 9,129,790 )
( 8,050,000 )
( 8,050,000 )
Operating result / ( deficit ) - Contribution required from general revenue
($ 1,418,915 ) ($ 1,942,584 ) ($ 107,000 ) ($ 105,000 ) ($ 105,000 )
100 Our plans for 2021 / 22