Our Plans for 2021/22 | Page 71

Our finances - Waste
Operations and maintenance
2018 / 19
$
2019 / 20
$
2020 / 21 Quarter 4 review
$
2021 / 22 Cost and funding estimates $
2021 / 22 Reduced budget
Operating revenue $ 2,406,509 $ 3,943,609 $ 4,235,078 $ 3,613,800 $ 3,613,800 Rates and charges - service charges 1,556,702 1,569,056 1,566,059 1,591,700 1,591,700
Fees and charges
756,206
795,844
1,045,189
1,022,100
1,022,100
Fees and charges - Waste Levy Contribution
-
709,313
650,000
570,000
570,000
non household waste
Grants , subsidies and contributions
-
710,829
973,830
430,000
430,000
Other revenue 84,533 152,591 - - - Internal revenue 9,068 5,976 - - -
Operating expenses
$ 2,227,941
$ 3,686,516
$ 4,231,185
$ 3,803,506
$ 3,512,199
Employee costs
507,717
641,929
631,200
603,911
603,911
Materials and services
1,720,224
2,892,202
3,371,999
2,755,200
2,463,893
One-off initiatives ( operating projects )
-
-
75,601
-
-
Indirect costs
-
152,385
152,385
444,395
444,395
$
Our plans for 2021 / 22
Depreciation expense $ 54,769 $ 55,752 $ 47,863 $ 62,182 $ 62,182
Operating result ( Deficit ) - Contribution required from general revenue Surplus - revenue available for capital purposes
$ 123,799 $ 201,341 ($ 43,970 ) ($ 251,888 ) $ 39,419
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
123,799
201,341
-
-
39,419
purposes
Grants , subsidies
144,908
-
979,450
-
-
Estimated opening balance 810,233 921,658 596,592 - - Loan proceeds - - - - - Cash reserve for asset renewal 54,769 55,752 3,893 - 62,182 Total capital funding $ 1,133,709 $ 1,178,751 $ 1,579,935 - $ 101,601
Capital expenditure Asset renewal
62,894
-
72,500
-
-
New works
51,830
478,504
332,274
300,000
285,000
Upgrade works
97,327
103,655
1,589,577
-
-
Total capital expenditure
$ 212,051
$ 582,159
$ 1,994,351
$ 300,000
$ 285,000
Projected closing funds for future years
$ 921,658
$ 596,592
-
-
-
Financial sustainability ratios Operating surplus ratio
5 %
5 %
-
-
1 %
Interest coverage ratio
-
-
-
-
-
Asset sustainability ratio
115 %
0 %
151 %
0 %
0 %
Our projects 2021 / 22
Project ID Asset work type Project name Local area
Cost estimate ($)
1.5a New Mitchell Weighbridge Mitchell $ 300,000 71