Cash Flow Statement |
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FOR THE YEAR ENDED 30TH JUNE 2007 |
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2007
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2007
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2006
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Budget
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$
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$
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$
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Cash Flows From Operating Activities |
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Receipts |
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| Rates |
6,675,714
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6,813,375
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6,316,388
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| Grants and Subsidies – operating |
2,299,911
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3,224,914
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2,219,955
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| Contributions, Reimbursements & Donations |
–
|
7,380
|
462,817
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| Fees and Charges |
1,301,878
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1,319,187
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1,659,441
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| Interest Earnings |
330,035
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186,856
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304,559
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| Goods and Services Tax |
569,872
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425,000
|
694,618
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| Other |
297,490
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270,069
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228,592
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11,474,900
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12,246,781
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11,886,370
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Payments |
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| Employee Costs |
(4,897,397)
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(5,506,855)
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(4,672,853)
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| Materials and Contracts |
(2,979,694)
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(3,189,222)
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(4,817,447)
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| Utilities (gas, electricity, water, etc) |
(333,707)
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(393,733)
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(377,840)
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| Insurance |
(285,408)
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–
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(263,067)
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| Interest |
(124,392)
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(100,642)
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(123,785)
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| Goods and Services Tax |
(257,017)
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–
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–
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| Other |
(712,466)
|
(858,385)
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(778,976)
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|
(9,590,081)
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(10,048,837)
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(11,033,968)
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Net Cash Provided By (Used In) Operating Activities |
1,884,819
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2,197,944
|
852,402
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Cash Flows from Investing Activities |
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| Payments for Development of Land Held for Resale |
–
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–
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–
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| Payments for Purchase of Property, Plant & Equipment |
(982,726)
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(936,400)
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(2,738,005)
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| Payments for Construction of Infrastructure |
(938,672)
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(1,748,898)
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(567,110)
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| Grants/Contributions for the Development of Assets |
421,825
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–
|
104,731
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| Proceeds from Sale of Plant & Equipment |
118,890
|
102,000
|
1,107,571
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| Proceeds from Advances |
–
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–
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–
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Net Cash Provided By (Used In) Investing Activities |
(1,380,683)
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(2,583,298)
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(2,092,813)
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Cash Flows from Financing Activities |
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| Repayment of Debentures |
(80,759)
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(80,836)
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(49,776)
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| Increase in Bonds |
–
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–
|
17,602
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| Repayment of Leases |
–
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(6,797)
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–
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| Proceeds from Self Supporting Loans |
2,055
|
77
|
457,040
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| Refund to Contributions to Hostel residents |
–
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–
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(2,748)
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Net Cash Provided By (Used In) Financing Activities |
(78,704)
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(87,556)
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422,118
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| Net Increase (Decrease) in Cash Held |
425,433
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(472,910)
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(818,293)
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| Cash at Beginning of Year |
2,095,916
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2,113,797
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2,914,210
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Cash and Cash Equivalents at the End of the Year |
2,521,349
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1,640,887
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2,095,917
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| Notes to the Financial Statements are included in the full Financial Statements contained in the Annual Report. |
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