Our Plans for 2021/22 | Page 20

Our finances - Water
Operations and maintenance
2018 / 19
$
2019 / 20
$
2020 / 21 Quarter 4 review
$
2021 / 22 Cost and funding estimates $
2021 / 22 Reduced budget
Operating revenue
$ 5,982,744
$ 6,402,487
$ 6,514,357
$ 6,121,500
$ 6,121,500
Rates and charges - service charges
3,316,836
3,439,879
3,446,530
3,460,000
3,460,000
( access / infrastructure )
Rates and charges - usage charges
2,125,255
2,477,399
2,480,000
2,405,000
2,405,000
( water consumption )
Rates and charges - write-offs / interest
35,489
22,591
15,000
-20,000
-20,000
Fees and charges 397,474 430,614 369,500 266,500 266,500 Internal revenue 50,472 22,621 25,000 10,000 10,000
Sales of contract and recoverable works
57,218
9,383
-
-
-
Contribution from general revenue
-
-
178,327
-
-
$
Operating expenses
$ 3,741,208
$ 4,616,253
$ 4,043,297
$ 4,422,212
$ 4,116,773
Employee costs
1,259,930
1,383,889
1,416,313
1,452,215
1,452,215
Materials and services
2,201,511
2,468,760
2,046,541
2,081,662
1,798,723
One-off initiatives ( operating projects )
40,590
225,419
70,000
150,000
127,500
Indirect costs
0
326,096
326,096
584,887
584,887
Finance costs
Existing loans
239,177
212,089
184,347
153,448
153,448
Loans for new or upgrade works
-
-
-
-
-
Depreciation expense
$ 1,362,942
$ 1,437,290
$ 1,402,000
$ 1,483,051
$ 1,483,051
Operating result / revenue for capital purposes
$ 878,594
$ 348,944
$ 1,069,060
$ 216,237
$ 521,676
Capital funding and expenditure ( Renewal , new , upgrade works )
2018 / 19 2019 / 20
2020 / 21 Quarter 4 review
2021 / 22 Cost and funding estimates $
2021 / 22 Reduced budget
$
$
$
$
Capital funding
Operating result / revenue for capital
878,594
348,944
1,069,060
216,237
521,676
purposes
Use of infrastructure charges
-
-
-
250,000
250,000
Grants , subsidies 950,457 1,136,809 1,896,231 - -
Other ( use of capital grants received in
-
850,421
-
-
-
advance )
Estimated opening balance
1,274,958
2,042,244
2,035,907
161,495
161,495
Loan proceeds - - - - - Cash reserve for asset renewal 1,362,942 1,437,290 1,402,000 1,483,051 1,483,051 Total capital funding $ 4,466,951 $ 5,815,708 $ 6,403,198 $ 2,110,783 $ 2,416,222 Capital expenditure Asset renewal 747,910 635,030 967,481 850,000 807,500 New works 790,872 2,165,006 4,040,304 260,000 247,000 Upgrade works 485,725 552,360 777,623 460,000 437,000
Loan repayments Existing loans
400,200
427,405
456,295
487,193
487,193
Loans for new or upgrade works
-
-
-
-
-
Total capital expenditure
$ 2,424,707
$ 3,779,801
$ 6,241,703
$ 2,057,193
$ 1,978,693
Projected closing funds for future years
$ 2,042,244
$ 2,035,907
$ 161,495
$ 53,590
$ 437,529
Financial sustainability ratios
Operating surplus ratio
15 %
5 %
16 %
4 %
9 %
Interest coverage ratio
4 %
3 %
3 %
3 %
3 %
Asset sustainability ratio
55 %
44 %
69 %
57 %
54 %
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Our plans for 2021 / 22