2006 fin stat extract - tweed...

TWEED SHIRE COUNCIL

Produced by Financial Services Unit

Extract

FINANCIAL STATEMENTS

2005/2006

COUNCIL OF TWEED SHIRE

Original budget(1) Actual Actual

2006 2006 2005$'000 Notes $'000 $'000

INCOME FROM CONTINUING OPERATIONSRevenue:

45,999 Rates and annual charges 3a 47,639 44,35417,878 User charges and fees 3b 17,822 17,2788,321 Interest and investment revenue 3c 8,787 8,575

752 Other revenues 3d 795 1,23313,642 Grants and contributions provided for operating purposes 3e,f 16,444 13,32229,194 Grants and contributions provided for capital purposes 3e,f 20,703 41,070

Other Income:Share of interests in joint ventures and associates using the equity method 19 32 31

115,786 TOTAL INCOME FROM CONTINUING OPERATIONS 112,222 125,863

EXPENSES FROM CONTINUING OPERATIONS30,007 Employee benefits and on-costs 4a 32,889 28,6002,691 Borrowing costs 4b 2,293 3,137

21,497 Materials and contracts 4c 27,330 23,91023,986 Depreciation and amortisation 4d 21,785 22,3507,785 Other expenses 4e 9,686 8,189

Net Loss from the disposal of assets 5 1,569 32885,966 TOTAL EXPENSES FROM CONTINUING OPERATIONS 95,552 86,514

29,820 OPERATING RESULT FROM CONTINUING OPERATIONS 16,670 39,349

29,820 NET OPERATING RESULT FOR THE YEAR 16,670 39,349

Attributable to Council29,820 - Council 16,670 39,349

Net operating result for the year before grants and 626 contributions provided for capital purposes (4,033) (1,721)

Note:(1) The original budget as approved by Council Refer Note 16The above Income Statement should be read in conjunction with the accompanying notes.

INCOME STATEMENTfor the year ended 30 June 2006

1


Actual Actual2006 2005

Notes $'000 $'000ASSETSCurrent assetsCash and cash equivalents 6a 129,027 147,736Investments 6b 3,159 4,284Receivables 7 11,077 7,216Inventories 8 863 1,502Other 8 951 902Total current assets 145,077 161,640

Non-current assetsInvestments 6b 4,045 1,005Receivables 7 1,288 1,222Infrastructure, property, plant and equipment 9 961,134 828,283Investment property 14 1,590 1,570Intangible assets 26 198 200Total non-current assets 968,255 832,280Total assets 1,113,332 993,920

LIABILITIESCurrent LiabilitiesPayables 10 15,597 13,763Interest bearing liabilities 10 3,698 3,199Provisions 10 8,641 7,937Total current liabilities 27,936 24,899

Non-current liabilitiesPayables 10 563 1,354Interest bearing liabilities 10 38,290 34,687Provisions 10 9,244 8,790Total non-current liabilities 48,097 44,831Total Liabilities 76,033 69,730

Net assets 1,037,299 924,190

EQUITYRetained earnings 20 938,804 922,134Revaluation Reserve 20 98,495 2,056

Total Equity 1,037,299 924,190

The above Balance Sheet should be read in conjunction with the accompanying notes.

as at 30 June 2006

BALANCE SHEET

1

Asset AssetNotes Retained Revaluation Total Retained Revaluation Total

Ref Earnings Reserve Equity earnings Reserve Equity

Balance at beginning of the reporting period 922,134 2,056 924,190 882,955 1,886 884,841

Adjustment on adoption of AASB 132 and AASB 139

Transfers to Asset Revaluation Reserve 9,14 96,439 96,439 170 170

Net movements recognised directly in equity 922,134 98,495 1,020,629 882,955 2,056 885,011Net operating result for the year 16,670 16,670 39,179 39,179Balance at end of the reporting period 938,804 98,495 1,037,299 922,134 2,056 924,190

The accompanying notes form an integral part of the financial statements

The above Statement of changes in equity should be read in conjunction with the accompanying notes.


STATEMENT OF CHANGES IN EQUITY

for the year ended 30 June 2006

$'000$'0002006

Actual Actual2005

Budget Actual Actual2006 2006 2005($'000) Notes ($'000) ($'000)

CASH FLOWS FROM OPERATING ACTIVITIESReceipts:

45,999 Rates & annual charges 47,220 44,17018,205 User charges & fees 16,706 16,966

8,321 Investment revenue and interest 8,944 8,40731,008 Grants and Contributions 25,026 33,158

425 Other 807 787Payments:

(30,007) Employee benefits and on-costs (32,076) (28,467)(21,497) Materials & Contracts / Other (34,207) (30,840)

(2,691) Borrowing Costs (2,214) (2,410)(7,785) Other 41,978 Net cash provided by (or used in) operating activities 11(b) 30,206 41,771

CASH FLOWS FROM INVESTING ACTIVITIESReceipts:

1,416 Sale of infrastructure, property, plant & equipment 804 4,744Payments from deferred debtor 319 16Payments:Purchase of investments

(66,497) Purchase of infrastructure property, plant & equipment (52,888) (34,501)Advances to deferred debtors (300) 0Refunds of deposits held in trust (951) (1,500)

(65,081) Net cash provided by (or used in) Investing activities (53,016) (31,241)

CASH FLOWS FROM FINANCING ACTIVITIESReceipts:

5,476 Borrowings & advances 7,539 4,837Payments:

(3,574) Borrowings & advances (3,438) (3,333)1,902 Net cash provided by (or used in) financing activities 4,101 1,504

(21,201) Net increase/(decrease) in cash and cash equivalents (18,709) 12,368Cash & cash equivalents at beginning of reporting period 11(a) 147,736 135,368

(21,201) Cash & cash equivalents at end of reporting period 11(a) 129,027 147,736

The above Cash flow statement should be read in conjunction with the accompanying notes.

COUNCIL OF TWEED SHIRECASH FLOW STATEMENT


1


Actual Actual2006 2005$'000 $'000

(a) RATES & ANNUAL CHARGES

Ordinary RatesResidential 21,864 19,541Farmland 1,706 1,689Business 2,728 2,441

Total Ordinary Rates 26,298 23,671

Special RatesMain-street - Tweed Heads 60 60Koala Beach 42 29Total Special Rates 102 89

Annual Charges (pursuant to s.496 & s.501)Domestic Waste Management Services 5,481 5,506Water Supply 2,519 2,804Sewerage Services 12,408 11,479Waste Management Services (not domestic) 831 805Total Annual Charges 21,239 20,594Total Rates & Annual Charges 47,639 44,354

Council has used 2005 valuations provided by the NSW Valuer General in calculating its rates.Valuations are updated every three years.

Note 3


REVENUE FROM CONTINUING OPERATIONS

1


(b) USER CHARGES & FEESActual Actual2006 2005$'000 $'000

User Charges (pursuant to s.502)Domestic Waste Management Services 221 162Water Supply Services 6,311 5,639Sewerage Services 834 850Drainage Services 78 91Waste Management Services (not domestic) 91 95Total User Charges 7,535 6,837

FeesRTA charges (State Roads not controlled by Council)Regulatory/Statutory Fees 522 487Discretionary Fees

- Private Works 390 217- Subdivision 603 692- Building 884 1,460- Caravan Parks 4,718 4,579- Saleyards 16 11- Pools 474 418- Cemeteries 257 273- Tweed Laboratory 476 381- Water Connection 302 519- Sewer/Drainage 229 278- Parks & Gardens 97 74- Beach Vehicles 48 47- Sportsgrounds 69 52- Other 1,202 953

Total User Charges & Fees 17,822 17,278

(c) INTEREST & INVESTMENT REVENUE

Interest on overdue rates & charges 294 258Cash, cash equivalents & investments:

– Externally restricted 5,357 5,978– Internally restricted 316 500– Unrestricted 88 106

Development Contributions- Section 94 1,348 1,166- Section 64 Water and Sewerage 1,384 567

Total Interest Revenue 8,787 8,575


Note 3


2


Actual Actual2006 2005$'000 $'000

(d) OTHER REVENUES

Fair value adjustments - investment instruments (7) 0Fair value adjustments - investment properties 20 170Parking fines 261 209Other fines 69 74Other 148 504Rental Income:

– Investment property 19 19– Other property 317 288

Total Other Revenue 827 1,264


Note 3


3


CAPITAL(e) GRANTS Actual Actual

2006 2005

Non-Cash Cash Non-Cash Cash Non-Cash Cash Non-Cash CashGeneral Purpose (Untied)

- Financial Assistance Equalisation component 5,547 5,241 Local roads component 1,765 1,661- Pensioners' Rates Subsidies 905 906 (excluding Wat, Sew & DWM)

Special Purpose- Pensioners' Rate Subsidies - Water Supplies 382 344 - Sewerage Services 364 364 - DWM 252 253Transport (3x3, Flood Works, Road to Recovery) 1,218 20 2,512 963- Employment Schemes 122- Library 217 190- Art Gallery 66 210 144 117 85 35- Museums 53- Environment (incl coast/est mgt) 1,559 194 143 60- Bush Fire 135 225 205 100- Street Lighting 128 125- Positions funded by other govt dept 351 421- Cycleways/walkways 188 204- Pedestrian Facilities 31 30- Bus Shelters 24 87- Sewer 51- Other 587 471

Total Grants 13,651 0 10,625 349 3,115 136 1,379

Comprising:Commonwealth funding 7,312 6,902State funding 4,193 3,058 205 2,972 1,319Other funding 2,146 665 144 143 136 60

0 13,651 0 10,625 349 3,115 136 1,379

(f) CONTRIBUTIONS

Development Contributions (S94) Non-Cash Cash Cash Non-Cash Cash Non-Cash Cash- Roadworks 1,153 3,185- Drainage 4 14- Parking 64- Open Space 714 2,368- Community Facilities 199 1,074- Path/Cycleways 69 164- Street Trees 22 32- Bridge 277- Other 714

RTA Contributions (Regional/Local, Block Grant) 2,094 2,195 525Section 64

– Water 731 1,499 1,567 5,004– Sewerage 5 1,073 1,413 5,219 4,309

Dedications- Roads 4,963 5,589- Drainage 2,023 4,856- Open Space 244 3,918

Other Councils - Joint WorksPavingKerb and Gutter

Other- Roads 405 59- Drainage- Open Space- Govt subsidy 15- Community Service 579 257- Bridges 1,138 450- Art Gallery 830- Other 120 225 197 221 345 163

0

Total Contributions 2,793 2,697 9,231 8,008 21,494 18,061

TOTAL GRANTS & CONTRIBUTIONS 16,444 0 13,322 9,580 11,123 21,630 19,44016,444 13,322 20,703 41,070

Note 3

OPERATING


$'000$'0002006 2005$'000 $'000


1


(g) RESTRICTIONS RELATING TO GRANTS & CONTRIBUTIONS Actual Actual2006 2005

$'000 $'000 $'000 $'000 $'000 $'000Grants Contrib Contrib Grants Contrib Contrib

Sec 94 Sec 94

Certain grants and contributions are obtained by Council on the condition they be spent in a specified manner:

- Section 94 Contributions 3,850 8,945- Grants/Contributions for road works (transport) 1,105 12 41 319- Grants - other 1,453 923

Grants and contributions recognised in the current period which have not been spent

- Section 94 Contributions 22,097 17,691- Grants/Contributions for road works (transport) 326 196- Grants - other 1,984 2,302

Less:Grants and contributions recognised in previous reporting periods whichhave been spent in the current reporting period

- Section 94 Contributions 2,879 4,539- Grants/Contributions for road works (transport) 308 188- Grants - other 1,146 1,281

Unexpended at the close of the current reporting 3,396 30 23,068 1,985 327 22,097period and held as restricted asset.

- Section 94 Contributions 23,068 22,097- Grants/Contributions for road works (transport) 1,105 30 41 327- Grants - other 2,291 1,944

Net increase/(decrease) in restricted grants and contributions 1,412 (296) 971 (317) 131 4,406

Note 3



1


Actual Actual2006 2005$'000 $'000

(a) EMPLOYEE BENEFITS & ON COSTS

Salaries and Wages 28,934 25,716Travelling 121 110Employee leave entitlements 4,915 4,121Superannuation 2,138 1,332Workers' Compensation Insurance 1,453 1,532FBT 137 121Payroll tax 581 485Training costs (excluding salaries) 387 323Other (Specify if material) 108 41

38,774 33,781Less - Capitalised Employee costs (5,885) (5,181)Total Employee Costs Expensed 32,889 28,600

Number of FTE employees 660 620

(b) BORROWING COSTS

Interest on overdrafts 4 5Interest on loans 2,310 2,381

– Remediation (Tip - DWM) (4) 9– Remediation (Tip - Non-DWM) (21) 75– Remediation (Quarry) (38) 567– Remediation (Sewerage Treatment Plant) 42 100

Total Borrowing Costs Expensed 2,293 3,137

(c) MATERIALS & CONTRACTS

Raw materials and consumables 25,577 22,304Audit fees: - Audit Services 33 32 - Other Services 9 10

– Planning and development 619 272– Other 254 325

– Computers 838 967Total Materials and Contracts 27,330 23,910

Operating leases:

Legal fees:

Note 4

Amortisation of discounts and premiums:


EXPENSES FROM CONTINUING OPERATIONS

1


Actual Actual2006 2005$'000 $'000

(d) DEPRECIATION, AMORTISATION & IMPAIRMENT

Plant and equipment 2,600 2,448Office Equipment 135 99Furniture and fittings 140 119Buildings 869 817Other structures 237 179Infrastructure

- roads, bridges and footpaths 7,968 10,761- storm water drainage 1,529 1,487- water supply network 3,459 3,217- sewerage network 4,893 3,735

209 43284 284

Quarry asset 497 49722,820 23,686

Less - depreciation - capitalised plant (1,035) (1,336)- depreciation - plant distributed

Total Depreciation Costs Expensed 21,785 22,350

(e) OTHER EXPENSES

Other expenses for the year include the following:

Mayoral fee 0 26Councillors' fees 0 156Councillors' (incl. Mayor) expenses 0 15Insurance 1,122 1,083Street Lighting 711 590Electricity & Heating 2,208 1,996Telephone 507 532Contributions & Donations 3,111 2,242LAWC Levy 238 241Caretakers Remuneration 1,012 984Other 777 324Total other expenses from continuing operations 9,686 8,189

Kingscliff Sewer Treatment Plant asset

Note 4


Tip asset

EXPENSES FROM CONTINUING OPERATIONS

2


Current Non-current Current Non-current

$’000 $’000 $’000 $’000Total cash, cash equivalents and investments 132,186 4,045 152,020 1,005External restrictions 112,709 4,045 129,331 1,005Internal restrictions 17,983 0 20,759 0Unrestricted 1,494 0 1,930 0

132,186 4,045 152,020 1,005

EXTERNAL RESTRICTIONSNotes

- Included in liabilities(B) Other - Security Deposits 10 392 563 1,906

392 563 1,906 - Other

(C) Developer Contributions 17 19,586 3,482 21,092 1005(C) Agreed Contribution from Developer 450 450(D) RTA Contributions 14 30 327(E) Specific Purpose Unexpended Grants 14 3,396 1,984(F) Water (not in reserves) 0 102(F) Water (Capital Upgrade - CRR) 15,930 21,039(F) Water (Asset Replacement - ARR) 13,105 18,482(G) Sewerage (not in reserves) 4,707 4,089(G) Sewerage (Capital Upgrade - CRR) 1,391 10,170(G) Sewerage (Asset Replacement - ARR) 40,257 38,754(H) DWM - Acquisition of Land 131 77(H) DWM - Bin Replacement 1,109 1,291(H) DWM - Recycling 643 702(H) DWM - Land Rehabilitation 640 283(H) DWM - Zoning costs - Stotts Creek Depot 86 81(H) DWM - EIS report - Stotts Creek Depot 101 95(H) DWM - Roadworks -Garbage Collection 446 367(H) DWM - Provision for Financial Assurance 1,927 1,703(H) DWM - Landfill Environment Management 975 544(H) DWM - Implementation of New Waste Disposal Technology 712 488(I) Caravan Park Cash Assets 6,594 5,237(J) Special Rate - Koala Beach 101 68

Total external restrictions 112,709 4,045 129,331 1,005

1 The Deposits are bearing floating interest rates between 5.68% and 6.05% (2005 - 5.44% and 6.06%)

Note 6c

2006Actual2005

Actual


RESTRICTED CASH, CASH EQUIVALENTS AND INVESTMENTS

1


Note 6c cont'dA Loan moneys which must be applied for the purposes for which the loans were raisedB Security DepositsC

D

E

F,G&HI Caravan Park InvestmentsJ Special Rate

Restrictions Movements

Opening Transfers Transfers ClosingBalance To From Balance

30-Jun-05 Restriction Restriction 30-Jun-06Notes $' 000 $' 000 $' 000 $' 000

ExternalSecurity Deposits 10 1,906 297 (1,249) 954Developer Contributions 17 22,097 3,851 (2,880) 23,068Agreed Contribution from Developer 450 0 0 450RTA Contributions 327 3,428 (3,725) 30Specific Purpose Unexpended Grants 14 1,984 16,280 (14,867) 3,397Water (not in reserves) 102 0 (102) 0Water (Capital Upgrade - CRR) 21,039 2,533 (7,642) 15,930Water (Asset Replacement - ARR) 18,482 2,706 (8,083) 13,105Sewerage (not in reserves) 4,089 645 (27) 4,707Sewerage (Capital Upgrade - CRR) 10,170 1,192 (9,971) 1,391Sewerage (Asset Replacement -ARR) 38,754 7,129 (4,960) 40,923DWM - Acquisition of Land 77 54 0 131DWM - Bin Replacement 1,291 487 (669) 1,109DWM - Recycling 702 107 (166) 643DWM - Land Rehabilitation 283 418 (61) 640DWM - Zoning costs -Stotts Ck Depot 81 5 0 86DWM - EIS report - Stotts Ck Depot 95 6 0 101DWM - Roadworks - Garbage Collect. 367 79 0 446DWM - Provision for Financial Assur. 1,703 224 0 1,927DWM - Landfill Environment M'ment. 544 650 (219) 975DWM - Implementation Waste Disp. 488 224 0 712Caravan Park Cash Assets 5,237 2,266 (909) 6,594Special Rate - Koala Beach 68 42 (9) 101Total 130,336 42,623 (55,539) 117,420

Note 6c


Development contributions which are not expended for the provision of services and amenities in accordance with contribution plans (also includes those not under contribution plans)RTA Contributions which are not yet expended for the provision of services and amenities in accordance with those contributions.

Grants which are not yet expended for the purposes for which the grants were obtained. (See seperate Note "Conditions over Grants".)

Water, Sewerage and Domestic Waste Management (DWM) funds which must be applied for the purposes for which they were raised.


2




30-Jun-05 Restriction Restriction 30-Jun-06Notes $'000 $'000 $'000 $'000

InternalIncluded in liabilitiesEmployees Leave Entitlements 6,465 1,580 (4,900) 3,145Unexpended Loans 3,442 6,254 (6,258) 3,438Unexpended Grants 66 1,765 (903) 928Asset Management ReservesAsset Management Reserve - Office Ext. 318 19 0 337Civic Centre Asset M'ment 46 0 (46) 0Community Facilities 66 104 (14) 156Fire Control - Risk M'ment Plan 0 0 0 0Future Quarry Purchases 1,089 62 0 1,151Land Sales - Cemetery Asset M'ment 89 5 0 94Murwillumbah Community Centre 3 0 0 3Software & Equipment - Asset M'ment 197 12 0 209Sportsfields - Asset M'ment 62 74 (24) 112Swimming Pools Asset M'ment 71 4 (55) 20Tweed Heads HACC 72 13 0 85Waterways Asset Management 33 2 (6) 29OtherContingency - Loan Guarantee 25 0 0 25Land Development 175 134 (98) 211Special Projects - 50% Land Dev 0 0 0 0Workers Comp. Cont. Reserve 43 2 (2) 43Non-DWM Land Rehabilitation 19 (135) (116)Non-DWM M'ment Plan Depots 7 0 0 7Non-DWM Zoning Stotts Ck.Dep 6 0 0 6Non-DWM EIS Report 53 3 0 56

12,347 10,033 (12,441) 9,939

Note 6c



3




30-Jun-05 Restriction Restriction 30-Jun-06Notes $'000 $'000 $'000 $'000

Internal (continued)Non-DWM Roadworks Garb. Coll. 4 0 (22) (18)Non-DWM Acquisition of Land 4 0 0 4Non-DWM Prov Fin Assurance 289 17 0 306Non-DWM Landfill Env. M'ment 8 156 (487) (323)Non-DWM Quirks Quarry 232 13 0 245Non-DWM Concrete Recycling 0 44 0 44Access Funding 164 30 0 194Agenda 21 52 29 0 81Art Gallery Construction 11 0 (11) 0Beach Vehicle Licence Income 126 56 (38) 144Car Parking 158 109 0 267Catchment Water Quality 120 151 (70) 201Coastal M'ment Planning 47 14 (19) 42Corporate Performance 47 0 (47) 0Haulage Fees 214 74 0 288Maternity Leave Reserve 68 0 (52) 16Museum - Asset Management 94 0 (21) 73Plant Operations 1,645 966 (213) 2,398Revolving Energy Fund 37 48 0 85Road Land Sale 635 161 (252) 544Sewerage M'ment Facilities 84 33 0 117Smart House - Sale Proceeds 74 0 0 74Works Carried Forward 4,299 2,028 (3,064) 3,263Total 20,759 13,961 (16,737) 17,983

Total Restrictions 151,095 56,584 (72,276) 135,404

Note 6c



4



Purpose Current Non-Current Current Non-Current $'000 $'000 $'000 $'000

Rates and Annual Charges 1,827 610 1,544 548Interest & Extra Charges 90 124 55 85User Charges & Fees 5,040 4,371Accrued Interest on Investments 213 350Deferred Debtors 80 554 64 589Government Grants & Subsidies 2,950 409Net GST Receivable 938 491

Total 11,138 1,288 7,284 1,222

Less: Provision for Doubtful Debts - Rates and Annual Charges - Interest & Extra Charges - User Charges & Fees - Other (specify if material) 61 68

11,077 1,288 7,216 1,222

Restricted Receivables

Externally Restricted ReceivablesWater Supply 3,952 52 3,282 15Sewerage Services 1,576 92 1,047 85Domestic Waste Management 242 49 198 40

Total Externally Restricted Receivables 5,770 193 4,527 140

Unrestricted Receivables 5,307 1,095 2,689 1,082

Total Receivables 11,077 1,288 7,216 1,222


Note 7RECEIVABLES

1



Current Non-Current Current Non-Current$'000 $'000 $'000 $'000

Inventories - Stores and Materials 863 1,502Total Inventories 863 1,502

OtherPrepayments 951 902Total other assets 951 902

Externally Restricted Assets

WaterPrepayments 0 4Total Water 0 4

SeweragePrepayments 0 3Total Sewerage 0 3

Total externally restricted inventoriesand other assets 0 7


Note 8INVENTORIES & OTHER ASSETS

1


Note 7 cont.

Rates and Annual Charges

Rates are secured by underlying properties.Interest is charged on overdue rates at 9% (2004/05 - 9%). Rates are due for payment 31 August30 November, 28 February and 31 May

Overdue rates are those not paid within 1 day of the due date. The amount of the overdue debts upon which interest is charged is $2,651,724 (2004/05 -$2,232,218). Where collection of the debt is doubtful and the assessed value of the property is less than the amount outstanding a provision for doubtful debt is recognised for the shortfall.

User charges and fees

User charges and fees are unsecured. The credit risk for this class of debtor is 100% of the carrying value. A provision for doubtful debts in respect of the class of debtor has already been provided in an amount of $61,162.

Government Grants

Government grants and subsidies have only been recognised where funding has been guaranteed.

Private Works

Private works have only been undertaken where a deposit has been received and the works are secured against those deposits.

Land Development and Resale

Debtors resulting from land development and resale are recognised upon exchange of sale contracts and exposes the council to a level of risk resulting from the instability of the real estate market.

Deferred Debtors

Loans are made to organisations throught the community from time-to-time bearing interest at nil to 7.4%. Where material, these loans have been discounted to their net present value using a discount factor for a similar financial instrument available in the market place.

GST

Input tax credits receivable, net of GST payable to the ATO as at 30 June 2006.

RECEIVABLES

1


BY ASSET TYPE

Cost/ Deemed

Cost

Fair Value

Accum Depn and

impairmentWDV Additions WDV of

disposalsDepn and

impairmentTransfers/

Adjustments

Revaluation increments/

(decrements)

Cost/ Deemed

Cost

Fair Value

Accum Depn and

impairmentWDV

$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000Capital WIP 25,603 25,603 25,603Plant & Equipment 27,386 13,337 14,049 4,339 502 2,600 31,305 16,019 15,286Office Equipment 2,331 2,094 237 71 6 86 2,482 2,266 216Furniture and Fittings 1,328 500 828 117 140 1,564 759 805Leased Plant and EquipmentLand- Operational Land 34,478 34,478 239 327 33,359 67,749 67,749- Community Land 44,950 44,950 959 63,060 108,969 108,969- non deprec land improvements- land under roads

Land Improvements - depreciableBuildings 42,940 12,834 30,106 1,815 48 869 45,420 14,416 31,004Other Structures 5,128 1,478 3,650 227 237 5,355 1,715 3,640Infrastructure- Roads, bridges, footpaths 315,063 165,701 149,362 7,353 440 7,968 (256) 321,720 173,669 148,051- Bulk Earthworks (non-deprec) 225,541 51,226 174,315 5,148 34 256 230,502 50,817 179,685- Stormwater drainage 120,786 36,837 83,949 5,059 1,529 127,332 39,853 87,479- Water Supply Network 192,640 56,648 135,992 7,592 503 3,459 198,470 58,848 139,622- Sewerage Network 214,989 64,109 150,880 2,910 513 5,177 216,879 68,779 148,100Other Assets- Heritage Collections- Library Books- Artworks 1,037 1,037 144 1,181 1,181- Other Tip Asset 1,185 43 1,142 209 1,185 252 933Quarry Asset 3,806 498 3,308 497 3,806 995 2,811

TOTALS 1,233,588 405,305 828,283 61,576 2,373 22,771 96,419 1,212,804 176,718 428,388 961,134

56

Note 9a

At 30/6/2005 MOVEMENTS DURING YEAR At 30/6/2006

for the year ended 30 June 2006INFRASTRUCTURE, PROPERTY, PLANT AND EQUIPMENT



Current Non-Current Current Non-Current $'000 $'000 $'000 $'000

PAYABLESGoods and Services 7,079 5,904Payments Received in Advance 1,964 1,849Accrued Expenses 376 297Employee Benefits - Annual Leave 3,624 3,225Security Deposits Note 6 392 563 552 1,354Government Departments 2,162 1,936Total Payables 15,597 563 13,763 1,354

INTEREST BEARING LIABILITIESLoans– Secured(1) 3,698 38,290 3,199 34,687Total Interest Bearing Liabilities 3,698 38,290 3,199 34,687

PROVISIONSSick leave 1,676 1,951 1,555 1,546Long Service Leave 6,853 264 6,224 240Tip and quarry remediation Note 22 112 7,029 158 7,004Total Provisions 8,641 9,244 7,937 8,790

LIABILITIES RELATING TO RESTRICTED ASSETSWater 488 0 590 0Sewer 4,744 6,365 3,428 6,762Other (Holiday Parks) 1,403 1,464 1,046 522Total 6,635 7,829 5,064 7,284


Note 10aPAYABLES, INTEREST BEARING LIABILITIES AND

PROVISIONS

1


(a) Reconciliation of Cash AssetsActual Actual2006 2005

Note ($'000) ($'000)

Total cash at bank and on hand 15,749 11,625Managed Funds 105,278 95,611Term Deposits 7,000 37,500Deposits at Call 1,000 3,000

Balances as per cash flow statement 6(a) 129,027 147,736

(b) Reconciliation of net operating result to cash provided from operating activities

Net operating result from Income Statement 16,670 39,349Add:Fair value decrements - investment instruments 7 0Amortisation of discounts and premiums recognised (21) 751Depreciation and impairment 21,785 22,350Increase in provision for leave entitlements 1,158 1,212Decrease in inventories 639 0Increase in payables 1,994 1,013Loss on sale of assets 1,569 328Less:Fair value increments - investment property 20 170Decrease in provision for doubtful debts 7 9Increase in receivables 3,939 575 0 660Increase in other current assets 49 125Decrease in accrued expenses 0 63Non cash contributions and dedications 9,580 21,630

30,206 41,771

Note 11

Net cash provided by operating activities


RECONCILIATION OF CASH FLOW MOVEMENTS

1



($'000) ($'000)(c) Non-Cash Financing and Investing ActivitiesPWD Construction 0 51Bushfire grants 205 0Art Gallery 144 85 - Development contributions - General 7,427 14,708 - Development contributions - Water 731 1,567 - Development contributions - Sewerage 1,073 5,219

9,580 21,630

(d) Financing Arrangements

Total Facilities - Bank Overdrafts 1,000 2,000 - Current Loans Approved 7,539 4,837 - Corporate Credit Cards Limit 50 50

8,589 6,887

Used at Balance Date - Current Loans Drawn 7,539 4,837 - Corporate Credit Cards 11 6

7,550 4,843

Note 11


RECONCILIATION OF CASH FLOW MOVEMENTS

1


CurrentYear

Amounts Indicators 2005 2004 2003

1 CURRENT RATIO

Current Assets $145,077 519.3% 649.2% 517.1% 529.2%Current Liabilites $27,936

2 UNRESTRICTED CURRENT RATIO

Current Assets less All External Restrictions $26,577 225.0% 245.7% 230.5% 250.1%Current Liabillities less Specific Purpose $11,813Liabilities

3 DEBT SERVICE RATIO

Debt Service Cost $5,752 6.91% 6.75% 11.45% 9.92%$83,292

4 RATES COVERAGE RATIO

Rates & Annual Charges $47,639 42.45% 35.23% 38.13% 24.03%Revenue from continuing operations $112,222

5 RATES & ANNUAL CHARGES OUTSTANDING PERCENTAGE

Rates & Annual Charges Outstanding $2,651 5.28% 4.78% 4.61% 5.69%Rates & Annual Charges Collectible $50,165

Note 13

Revenue from continuing operations excluding capital items and specific purpose grants/contributions


STATEMENT OF PERFORMANCE MEASURES

1


Note 13

64

Current Ratio

20032004

2005

2006

0.0%

100.0%

200.0%

300.0%

400.0%

500.0%

600.0%

700.0%R

atio

Ass

ets/

Liab

ilitie

s

Debt Service Ratio

20032004

20052006

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

14.00%

Rat

io D

ebt/R

even

ue

Unrestricted Current Ratio

2003

2004

2005

2006

210.0%

215.0%

220.0%

225.0%

230.0%

235.0%

240.0%

245.0%

250.0%

255.0%

Rat

io


Note 13 Cont'd

65

Rate & Annual Charges Coverage Ratio

2006

20052004

2003

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

35.00%

40.00%

45.00%

Perc

enta

ge R

ates

& C

harg

es/R

even

ue

Rates & Annual Charges Outstanding Percentage

2003

200420052006

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

Perc

enta

ge O

utst

andi

ng R

ates

&

Cha

rges

/Col

lect

ible

Rat

es &

Cha

rges


PURPOSE Interest & investment Projected

income Expended Internal Held as Projected cost of works Projected OPENING earned during borrowings restricted future still over/(under)BALANCE CASH NON CASH during year year (to)/from asset contributions outstanding funding

$'000 $'000 $'000 $’000 $'000 $’000 $'000 $’000 $’000 $’000

Drainage 739 4 44 787 1,203 212 991 Roads 8,536 1,153 530 394 9,825 61,873 48,664 13,209 Traffic Facilities - Parking 1,101 64 66 244 987 1,212 1,553 (341) Open Space 6,994 714 421 911 7,218 63,620 57,535 6,085 70 Community facilities 1,983 199 121 190 2,113 13,479 12,713 766 Path/Cycleways 373 69 23 92 373 3,205 2,978 227 Street Trees 89 22 5 31 85 281 480 (199) Bridges - Other 1,270 277 78 967 658 18,534 18,243 291

- Total S94 under plans 21,085 2,502 1,288 2,829 22,046 163,407 142,378 21,029 Total S94 not under plans 1,012 60 50 1,022 - Sec 64 Contribution* 2,341

TOTAL CONTRIBUTIONS 22,097 4,843 1,348 2,879 23,068 163,407 142,378 21,029

Less Internal Charges 0Balance to Note 3(f) 4,843

* Section 64 receipts are treated as a recoupment of infrastructure constructed in prior years and accordingly there are no unexpended Section 64 contributions.

Note 17

year


Contributionsreceived during

(a) Summary of developer contributions

STATEMENT OF DEVELOPER CONTRIBUTIONS


CONTRIBUTION PLAN NO 1

PURPOSE INTERESTEARNED Projected

DURING YEAR EXPENDED Internal Held as Projected cost of works Projected OPENING DURING borrowings restricted future still over/(under)BALANCE CASH NON CASH YEAR (to)/from(4) asset(2) contributions(3) outstanding(3) funding(3)

$'000 $'000 $'000 $'000 $'000 $’000 $'000 $’000 $’000 $’000

Open Space 3,349 12 191 519 3,033 4,196 (652) 3,544

71 TOTAL 3,349 12 191 519 3,033 4,196 (652) 3,544




$'000 $'000 $'000 $'000 $'000 $’000 $'000 $’000 $’000 $’000

Drainage 372 22 394 1,203 212 991

TOTAL 372 22 394 1,203 212 991

year(1)



year(1)

Note 17







$'000 $'000 $'000 $'000 $'000 $’000 $'000 $’000 $’000 $’000

Community facilities 44 3 47 2,112 2,594 (482)

72 TOTAL 44 3 47 2,112 2,594 (482)




$'000 $'000 $'000 $'000 $'000 $’000 $'000 $’000 $’000 $’000

Roads 8,536 1,153 530 394 9,825 61,873 48,664 13,209

TOTAL 8,536 1,153 530 394 9,825 61,873 48,664 13,209

year(1)received during


year(1)

Contributions

Note 17







$'000 $'000 $'000 $'000 $'000 $’000 $'000 $’000 $’000 $’000

Open Space 747 102 45 34 860 1,478 876 602

73 TOTAL 747 102 45 34 860 1,478 876 602




$'000 $'000 $'000 $'000 $'000 $’000 $'000 $’000 $’000 $’000

Street Trees 89 22 5 31 85 281 480 (199)

TOTAL 89 22 5 31 85 281 480 (199)

year(1)


Note 17



year(1)






$'000 $'000 $'000 $'000 $'000 $’000 $'000 $’000 $’000 $’000

Drainage 367 4 22 393Open Space 232 2 14 248 883 609 274 Community facilitiesFootpath/Cycleways

74

TOTAL 599 6 36 641 883 609 274




$'000 $'000 $'000 $'000 $'000 $’000 $'000 $’000 $’000 $’000

Traffic Facilities 28 56 (28)

TOTAL 28 56 (28)

year(1)


year(1)

Note 17








$'000 $'000 $'000 $'000 $'000 $’000 $'000 $’000 $’000 $’000

Comm fac (Libraries) 1,024 148 62 185 1,049 11,154 9,883 1,271

75 TOTAL 1,024 148 62 185 1,049 11,154 9,883 1,271




$'000 $'000 $'000 $'000 $'000 $’000 $'000 $’000 $’000 $’000

Bus Shelters 68 2 4 74 108 136 (28)

TOTAL 68 2 4 74 108 136 (28)

year(1)

year(1)




Note 17STATEMENT OF DEVELOPER CONTRIBUTIONS





$'000 $'000 $'000 $'000 $'000 $’000 $'000 $’000 $’000 $’000

Other (Cemeteries) 30 28 2 40 20 2,230 1,746 484

76 TOTAL 30 28 2 40 20 2,230 1,746 484




$'000 $'000 $'000 $'000 $'000 $’000 $'000 $’000 $’000 $’000

Mebbin Springs 9 1 10

TOTAL 9 1 10 -

year(1)

year(1)



Note 17







$'000 $'000 $'000 $'000 $'000 $’000 $'000 $’000 $’000 $’000

Community facilities 618 51 38 5 702 213 236 (23)

77 TOTAL 618 51 38 5 702 213 236 (23)




$'000 $'000 $'000 $'000 $'000 $’000 $'000 $’000 $’000 $’000

Other (Surf Lifesaving) 801 50 47 473 425 8 608 (600)

TOTAL 801 50 47 473 425 8 608 (600)

year(1)

year(1)



Note 17







$'000 $'000 $'000 $'000 $'000 $’000 $'000 $’000 $’000 $’000

Other (Council Admin Fac) 371 197 25 454 139 16,188 15,753 435

78 TOTAL 371 197 25 454 139 16,188 15,753 435

received duringyear(1)


Contributions

Note 17STATEMENT OF DEVELOPER CONTRIBUTIONS





$'000 $'000 $'000 $'000 $'000 $’000 $'000 $’000 $’000 $’000

Open Space 420 33 27 4 476 8,340 8,305 35 Community Facitlies 297 18 315Foot/Cycleways 53 12 4 1 68

TOTAL 770 45 49 5 859 8,340 8,305 35

79




$'000 $'000 $'000 $'000 $'000 $’000 $'000 $’000 $’000 $’000

Open Space 1 1

TOTAL 1 1 -


year(1)


year(1)

Note 17







$'000 $'000 $'000 $'000 $'000 $’000 $'000 $’000 $’000 $’000

Shire Wide Cycleways 320 57 19 91 305 3,205 2,978 227

80 TOTAL 320 57 19 91 305 3,205 2,978 227




$'000 $'000 $'000 $'000 $'000 $’000 $'000 $’000 $’000 $’000

Shire Wide Carparking 1,101 64 66 244 987 1,212 1,553 (341)

TOTAL 1,101 64 66 244 987 1,212 1,553 (341)


year(1)


year(1)

Note 17







$'000 $'000 $'000 $'000 $'000 $’000 $'000 $’000 $’000 $’000

Salt Open Space 517 231 36 23 761 182 155 27

81 TOTAL 517 231 36 23 761 182 155 27




$'000 $'000 $'000 $'000 $'000 $’000 $'000 $’000 $’000 $’000

Shirewide Open Space 1,719 328 107 331 1,823 46,302 46,003 299

TOTAL 1,719 328 107 331 1,823 46,302 46,003 299

Note 17


year(1)

Contributions


year(1)

received during






$'000 $'000 $'000 $'000 $'000 $’000 $'000 $’000 $’000 $’000

Tweed Heads Masterplan 6 6 2,239 2,239 - & Streetscaping

TOTAL 6 6 2,239 2,239 -

82




$'000 $'000 $'000 $'000 $'000 $’000 $'000 $’000 $’000 $’000

Drainage 174 10 184Roads 36 2 38Traffic Facilities 144 9 153ParkingOpen Space 297 18 315Community facilities 298 18 316Footpath 63 3 50 16Bridges

TOTAL 1,012 60 50 1,022 -

year(1)



year(1)

Note 17




Cost/ Deemed

Cost

Fair Value

Accum Depn and

impairmentWDV Additions WDV of

disposalsDepn and

impairmentTransfers/

Adjustments

Revaluation increments/

(decrements)

Cost/ Deemed

CostFair Value

Accum Depn and

impairmentWDV

$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000

Software 281 81 200 47 49 328 130 198

94 TOTALS 281 81 200 47 49 328 130 198

Note 26

At 30/6/2005 MOVEMENTS DURING YEAR At 30/6/2006


INTANGIBLE ASSETS


SPECIAL SCHEDULE NO. 1NET COST OF SERVICES

for the year ending 30 June 2006($'000)

EXPENSES FROM INCOME FROM NET COST OFCONTINUING SERVICESOPERATIONS

Function or Activity Expenses Group Non Capital Capital Group Net GroupTotals Revenues Revenues Totals Cost Totals

GOVERNANCE 3107 3107 3107

ADMINISTRATIONCorporate Support 8933 834 197 7902Engineering & Works 3701 54 3647Other Support Services 3961 16595 738 23 1846 3200 14749

PUBLIC ORDER & SAFETYContributions to Fire Service Levy 437 437Fire Protection - Other 178 155 205 (182)Animal Control 485 134 351Beach Control 705 105 50 550Enforcement of Local Govt Regs 258 259 (1)Emergency Services 185 20 100 65Other 2248 1028 1220

HEALTHAdministration & Inspection 723 28 695ImmunisationsFood ControlInsect/Vermin Control 142 142Noxious Plants 127 127Health Centres 2 2Other 132 1126 70 98 62 1028

COMMUNITY SERVICES &EDUCATIONAdministration 390 27 363Family Day Care 34 (3) 37Child CareYouth Services 80 4 76Other Families & Children 3 3Aged & Disabled 25 25Migrant ServicesAboriginal ServicesOther Community Services 450 1033 (583)Education 76 1058 2 1063 74 (5)

HOUSING & COMMUNITY AMENITIESHousing 27 28 (1)Town Planning 3462 991 51 2420Domestic Waste Management 5612 5876 (264)Other Waste Management 598 1021 (423)Street Cleaning 176 176Other Sanitation & Garbage 63 140 (77)Urban Stormwater Drainage 2156 54 2027 75Environmental Protection 1628 1695 (67)Public Cemetries 547 254 28 265Public Conveniences 132 132Other Community Amenities 51 14452 12165 51 2287

CONTINUING OPERATIONS

1

NET COST OF SERVICES (Cont'd)

EXPENSES FROM INCOMES FROM NET COST OFCONTINUING SERVICESOPERATIONS


WATER SUPPLIES 7749 11960 2230 (6441)7749 14190 (6441)

SEWERAGE SERVICES 12467 16814 2684 (7031)12467 19498 (7031)

RECREATION & CULTUREPublic Libraries 1629 212 1417Museums 187 71 116Art Galleries 866 295 992 (421)Community Centres 312 181 199 (68)Public Halls 132 68 64Other Cultural Services 157 36 121Swimming Pools 887 467 420Sporting Grounds 760 391 539 (170)Parks & Gardens (Lakes) 3008 311 442 2255Other Sport & Recreation 1807 (23) 27 1803

9745 4208 5537

MINING, MANUFACTURING& CONSTRUCTIONBuilding Control 1017 1238 (221)Quarries & Pits 215 70 145

1232 1308 (76)TRANSPORT & COMMUNICATIONUrban Roads: Local 5638 1171 3498 969Urban Roads: Regional 730 881 (151)Sealed Rural Roads: Local 3725 547 3178Sealed Rural Roads: Regional 3977 26 3445 506Unsealed Rural Roads: Local 3737 2199 1101 437Bridges on Urban Roads: Local 616 1138 (522)Bridges on Urban Roads: Regional 32 5 27Bridges on Sealed Rural Roads: Local 83 29 54Bridges on Sealed Rural Roads: Regional 177 177Bridges on Unsealed Rural Roads: Local 53 53Footpaths 154 26 341 (213)Aerodromes 17 20 (3)Parking Areas 115 61 64 (10)Bus Shelters & Services 27 28 2 (3)Water Transport 226 68 64 94RTA Works - (State)Street Lighting 883 128 755Other 800 535 64 201

20990 15441 5549

CONTINUTING OPERATIONS

2

NET COST OF SERVICES (Cont'd)

EXPENSES FROM REVENUES FROM NET COST OFORDINARY ACTIVITIES SERVICES


ECONOMIC AFFAIRSCamping AreasCaravan Parks 3921 5468 (1547)Tourism & Area Promotion 580 21 559Industrial Development Promotion 321 321Saleyards & Markets 24 14 10Real Estate Development 741 168 573Commercial NurseriesOther Business Undertakings

5587 5671 (84)TOTALS-FUNCTIONS 96356 55577 20939 76516 19840

GENERAL PURPOSE REVENUES 1 36510 (36510)

SHARE OF GAIN(DEFICIT) FROMASSOCIATES AND JOINTVENTURES USING EQUITYMETHOD

CORRECTION OF FUNDAMENTAL ERROR

SURPLUS/(DEFICIT) FROM ORDINARY ACTIVITIES BEFORE 96356 55577 20939 113026 (16670)EXTRAORDINARY ITEMS

EXTRAORDINARY ITEMS

NET OPERATING RESULT FOR THE YEAR (2)

96356 55577 20939 113026 (16670)

ORDINARY ACTIVITIES

1 Includes: * Rates & Annual Charges (including Ex-Gratia) * Non-Capital General Purpose Grants * Interest on Investments

2 As reported on the Income Statement

3


SPECIAL SCHEDULE NO. 2(a)

STATEMENT OF LONG-TERM DEBT (ALL PURPOSE)

2006($'000)

Principal Outstanding at beginning of Debt Redemptionyear New Loans during the Year Transfers Interest Principal Outstanding at end of Year

Raised During to Sinking ApplicableClassification of Debt Current Non-Current Total the Year From Sinking Funds for Year

From Revenue Funds Current Non-Current Total

LOANS (By Source)Commonwealth GovernmentTreasury CorporationOther State Govenment 243 470 713 1,285 243 76 292 1,463 1,755Public SubscriptionFinancial Institutions 3,013 34,101 37,114 6,254 3,136 2,232 3,406 36,827 40,233Other 6 53 59 59 2TOTAL LOANS 3,262 34,624 37,886 7,539 3,438 2,310 3,698 38,290 41,988

OTHER LONG-TERM DEBTRatepayers' AdvancesGovernment AdvancesFinance LeasesDeferred Payment

TOTAL LONG-TERM DEBT 3,262 34,624 37,886 7,539 3,438 2,310 3,698 38,290 41,988

for the year ending 30 June 2006

112

2005/06 2004/05A. EXPENSES & INCOME

Expenses1 Management

a Administration 2,984 2,713b Engineering and Supervision 918 740

2 Operations and Maintenance Expenses- Dams and Weirsa Operation Expenses 110 95b Maintenance Expenses 216 178- Mainsc Operation Expensesd Maintenance Expenses 520 455- Reservoirse Operation Expenses 23 40f Maintenance Expenses 78 106- Pumping Stations g Operation Expenses (excluding energy costs) 11 13h Energy Costs 531 525i Maintenance Expenses 136 158- Treatmentj Operation Expenses (excl chemical costs) 394 380k Chemical Costs 321 293l Maintenance Expenses 83 68- Otherm Operation Expenses 358 472n Maintenance Expenses 550 583o Purchase of Water 34

3 Depreciationa System Assets 3,464 3,225b Plant and Equipment

4 Miscellaneousa Interest 1b Other 339 419

5 Total Expenses 11,070 10,464

Income6 Residential Charges

a Access (including rates) 2,207 2,597b User Charges 4,590 5,619

7 Non-Residential Chargea Access (including rates) 275 279b User Charges 1,917 171

8 Extra Charges 40 369 Interest Income 2,166 2,408

10 Other Revenues 901 89011 Grants

a Grants for Acquisition of Assetsb Grants for Pensioner Rebates 382 344c Other Grants

12 Contributionsa Developer Charges 1,478 5,024b Developer Provided Assets 731 1,524c Other Contributions

13 Total Income 14,687 18,89214 Gain or Loss on Disposal of Assets (503) (768)15 Operating Result 3,114 7,660

15a Operating Result (less Grants for Acquisition of Assets) 3,114 7,660

(Gross Including Internal Transactions)for the year ending 30 June 2006

($'000)

COUNCIL OF TWEED SHIRESPECIAL SCHEDULE NO. 3

WATER SUPPLY INCOME STATEMENT

1

2005/06 2004/05B. CAPITAL TRANSACTIONS

Non-Operating Expenditures

16 Acquisition of Fixed Assetsa Subsidised Schemeb Other New System Assets 6,763 10,221c Renewalsd Plant and Equipment

17 Repayment of Debta Loans 9 17b Advancesc Finance Leases

18 Transfer to Sinking Funds

19 Totals 6,772 10,238

Non-Operating Funds Employed

20 Proceeds from Disposal of Assets

21 Borrowings Utiliseda - Loansb - Advancesc - Finance leases

22 Transfer from Sinking Funds

23 Totals

C. RATES AND CHARGES24 Number of Assessments

a Residential (occupied) 30,550 28,383b Residential (unoccupied) 1,847 818c Non-Residential (occupied) 1,027 1,533d Non-Residential (unoccupied) 68 150

33,492 30,88425 Number of ETs for which Developer Charges were

received 696 ET 1095 ET

26 Total Amount of Pensioner Rebates $772,782 $625,665

for the year ending 30 June 2006($'000)

COUNCIL OF TWEED SHIRESPECIAL SCHEDULE NO. 3 (Cont'd)

WATER SUPPLY INCOME STATEMENT(Gross Including Internal Transactions)

2

Yes No Amount

D. BEST PRACTICE ANNUAL CHARGES & DEVELOPER CHARGES27 Annual Charges

a. Does Council have best-practice water supply annual chargesand useage chargesIf Yes, go to 28a.If No, please report if Council has removed land value from accesscharges (I.e. rates)?

* Such charges for both residential customers and non-residential customers comply with section 3.2 of "Water Supply, Sewerage and Trade Waste Pricing Guidelines, Department of Land and Water Conservation, December, 2002. Such charges do notinvolve cross-subsidies.

b. Cross-subsidy from residential customers using less than allowance(page 25 of Guidelines)

c. Cross-subsidy to residential customers (page 24 of Guidelines)

d. Cross-subsidy to large conections in unmeteres supplies(page 26 of Guidelines)

28 Developer Chargesa. Has Council completed a water supply Development Servicing** Plan?

b. Total cross-subsidy in water supply developer charges for 2004/05(page 47 of Guidelines)

** In accordance with page 9 of Developer Charges Guidelines for Water Supply,Sewerage and Stormwater, Department of Land & Water Conservation,December, 2002

29 Disclosure of Cross SubsidiesTOTAL OF CROSS SUBSIDIES (27b + 27c + 27d + 28b)

($'000)

COUNCIL OF TWEED SHIRESPECIAL SCHEDULE NO. 3 (cont'd)

WATER SUPPLY - CROSS SUBSIDIESfor the year ending 30 June 2006

1

Current Non-Current TotalASSETS

30 Cash and Investmentsa Developer Chargesb Specific Purpose Grantsc Accrued Leaved Unexpended Loanse Sinking Fundsf Other 29,037 29,037

31 Receivablesa Specific Purpose grants 128 128b Rates and Charges 164 164c Other 3,785 3,785

32 Inventories33 Property, Plant and Equipment

a System Assets 162,042 162,042b Plant and Equipment

34 Other Assets35 Total Assets 33,114 162,042 195,156

LIABILITIES36 Bank Overdraft37 Creditors 488 48838 Borrowings

a Loansb Advancesc Finance Leases

39 Provisions40 Total Liabilities 488 488

41 NET ASSETS COMMITTED 32,626 162,042 194,668

EQUITY42 Accumulated Surplus 187,83143 Asset Revaluation Reserve 6,837

44 Total Equity 194,668

Note to System Assets:45 Current Replacement Cost of System Assets 221,07146 Accumulated Current Cost Depreciation of System Assets 59,02947 Written Down Current Costs of System Assets 162,042

for the year ended 30 June 2006($'000)


WATER SUPPLY - BALANCE SHEET(Gross Including Internal Transactions)

1

2005/06 2004/05A. EXPENSES & INCOME

Expenses1 Management

a Administration 2,281 2,277b Engineering and Supervision 820 618

2 Operations- Mains

a Operation Expenses b Maintenance Expenses 911 732

- Pumping Stations c Operation Expenses (excluding energy costs) 591 545d Energy Costs 333 324e - Maintenance Expenses 782 675

- Treatmentf Working Expenses 1,237 1,090

(excluding chemical, energy, effluent & biosolids mgt costs)g Chemical Costs 140 81h Energy Costs 426 371i - Effluent Management j Biosolids Management 290 626

k Maintenance Expenses 755 495- Other

l Operation Expenses 248 340m Maintenance Expenses 41 23

3 Depreciationa System Assets 5,177 3,738b Plant and Equipment 40 37

4 Miscellaneousa Interest Expenses 360 507b - Other Expenses 200 1,091

5 Total Expenses 14,632 13,570

Income6 Residential Charges (including rates) 11,661 10,8697 Non-Residential Charges

a Access (including rates) 606 539b User Charges

8 Trade Waste Chargesa Annual Feesb User Charges 845 874c Excess Mass Charges and Re-inspection Fees

9 Extra Charges 147 18410 Interest Income 2,720 2,62611 Other Revenues 597 42812 Grants

a Grants for Acquisition of Assets 544 194b Grants for Pensioner Rebates 364 364c Other Grants

13 Contributionsa Developer Charges 862 4,461b Developer Provided Assets 1,271 4,936c Other Contributions

14 Total Income 19,617 25,47515 Gain or Loss on Disposal of Assets -513 1,11516 Operating Results 4,472 13,02017 Operating Result (less Grants for Acquisition of Assets) 3,928 12,826



SEWERAGE INCOME STATEMENT(Gross Including Internal Transactions)

($'000)

1

SPECIAL SCHEDULE NO. 5 (Cont'd)

(Gross Including Internal Transactions)

($'000)

2005/06 2004/05

B. CAPITAL TRANSACTIONS

Non-Operating Expenditures

18 Acquisition of Fixed Assetsa Subsidised Scheme 74b Other New System Assets 1,652 7,194c Renewalsd Plant and Equipment

19 Payment of Debta Loans 415 418b Advancesc Finance Leases

20 Transfer to Sinking Funds

21 Totals 2,067 7,686

Non-Operating Funds Employed

22 Proceeds from Disposal of Assets

23 Borrowings Utiliseda Loansb Advancesc Finance Leases

24 Transfer from Sinking Funds

25 Totals

C. RATES AND CHARGES26 Number of Assessments

a Residential (occupied) 26,592 26,552b Residential (unoccupied) 1,159 1,078c Non-Residential (occupied) 1,326 1,338d Non-Residential (unoccupied) 25 53

29,102 29,021

27 Number of ETs for which Developer Charges were 717 ET 882 ETreceived

28 Total Amount of Pensioner Rebates $657,472 $662,685



SEWERAGE INCOME STATEMENT

2

Yes No Amount

D. BEST PRACTICE ANNUAL CHARGES & DEVELOPER CHARGES28 Annual Charges

a. Does Council have best-practice sewerage supply annual charges,useage charges and trade waste fees and charges*?If Yes, go to 29a.If No, please report if Council has removed land value from accesscharges (I.e. rates)?

* Such charges for both residential customers and non-residential customers comply with section 3.2 of "Water Supply, Sewerage and Trade Waste Pricing Guidelines, Department of Land and Water Conservation, December, 2002. Such charges do notinvolve cross-subsidies.

b. Cross-subsidy from residential customers (page 45 of Guidelines)

c. Cross-subsidy to trade waste dischargers (page 46 of Guidelines)

29 Developer Chargesa. Has Council completed a sewerage Development Servicing** Plan?

b. Total cross-subsidy in water supply developer charges for 2004/05(page 47 of Guidelines)

** In accordance with page 9 of Developer Charges Guidelines for Water Supply,Sewerage and Stormwater, Department of Land & Water Conservation,December, 2002

30 Disclosure of Cross SubsidiesTOTAL OF CROSS SUBSIDIES (28b + 28c + 29b)

($'000)

COUNCIL OF TWEED SHIRESPECIAL SCHEDULE NO. 5 (cont'd)SEWERAGE - CROSS SUBSIDIESfor the year ended 30 June 2006

1

($'000)Current Non-Current Total

ASSETS31 Cash and Investments

a - Developer Chargesb - Specific Purpose Grantsc - Accrued Leaved - Unexpended Loanse -Sinking Fundsf - Other 46,345 46,345

32 Receivablesa - Specific Purpose Grants 534 534b - Rates and Availability Charges 635 635c - Other 499 499

33 Inventories34 Property, Plant and Equipment

a - System Assets 173,486 173,486b - Plant and Equipment 205 205

35 Other Assets36 Total Assets 48,013 173,691 221,704

LIABILITIES37 Bank Overdraft38 Creditors 4,305 4,30539 Borrowings

a - Loans 439 4,803 5,242b - Advancesc - Finance Leases

40 Provisions 1,561 1,56141 Total Liabilities 4,744 6,364 11,108

42 NET ASSETS COMMITTED 43,269 167,327 210,596

EQUITY43 Accumulated Surplus 203,17444 Asset Revaluation Reserve 7,422

45 Total Equity 210,596

Note to System Assets:

46 Current Replacement Cost of System Assets 242,714

47 Accumulated Current Cost Depreciation of System Assets 69,02348 Written Down Current Cost of System Assets 173,691



SPECIAL SCHEDULES - Schedule No 6

SEWERAGE SERVICE - BALANCE SHEET(GROSS INCLUDING INTERNAL TRANSACTIONS)

1

COUNCIL OF TWEED SHIRESPECIAL SCHEDULE NO 7

CONDITION OF PUBLIC WORKS

($'000)

Depreciation Accumulated Asset Estimated costAsset Class Asset Category Expense (%) Depreciation Depreciation Condition to bring to a Required Current

(as determined by (specific rate Expense Cost Valuation and WDV (refer details satisfactory Annual annualCouncil) or range impairment attached) standard Maintenance Maintenance

of rates) $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000Per Note 1 Per Note 4

Public Buildings Council Offices 1% 153 15451 3972 11479 Fair/Good 800 75 125Council Works Depot 2% 64 3789 1413 2376 Fair/Good 500 110 110Council Halls 2% 68 3,415 579 2,836 Fair 500 110 88Council Houses 2% 13 655 224 431 Fair 100 6 8Museum 2% 1 100 86 14 Poor 5,000 12 8Library 2% 54 3,434 555 2,879 Satisfactory nil 55 44Childcare Centre(s) 2% 3 182 78 104 GoodArt Gallery 2% 84 4,209 270 3,939 Satisfactory nil 50 10Amenities/Toilets 2% 129 6,577 2,741 3,836 Fair/Good 800 130 150

569 37,812 9,918 27,894 7,700 548 543Public Roads Sealed Roads 2.5% 5,586 222,994 129,860 87,548 Fair 76,057 5,776 4,970

Unsealed Roads 1% 126 12,524 7,561 4,837 Poor 10,789 1,591 770Sealed Roads Structure 0.67% 230,503 50,817 179,686 nil nil nilBridges 1.25% 567 45,481 13,870 31,044 Fair/Good 11,723 1,650 572Footpaths/Cycleways 2% 70 7,398 615 6,713 Fair 545 212 55Kerb & Gutter 5% 1,619 32,671 13,324 17,728 Fair 8,036 120 25Traffic Facilities 5% 181 181 Satisfactory nil 228 198

7,968 551,752 216,047 327,737 107,150 9,577 6,590Water Treatment Plants 2% 274 15,882 6,500 9,382 Satisfactory nil 1,063 798

Water Connections 6.67% 9,798 3,902 5,896 Satisfactory nil 398 550Reservoirs 1.43% 316 21,757 7,902 13,855 Satisfactory nil 163 101Dams 1% 345 34,004 7,725 26,279 Satisfactory nil 310 326Pipeline 1.43% 1,472 114,258 27,360 86,898 Satisfactory nil 574 520Pump Stations 5% 12,032 5,459 6,573 Satisfactory nil 779 678Dam Site

2,407 207,731 58,848 148,883 3,287 2,973Sewerage Pump Stations 5% 802 36,388 17,786 18,602 Satisfactory nil 1,756 1,706

Pipeline 1.45% 1,553 122,884 30,485 92,399 Satisfactory nil 1,080 911Treatment Works 3,106 71,675 20,508 51,167 Satisfactory nil 2,890 2,848Turf Farm

5,461 230,947 68,779 162,168 5,726 5,465Drainage Works All Infrastructure 1.25% 1,529 127,332 39,853 87,479 Fair 3,272 1,000 850

1,529 127,332 39,853 87,479 3,272 1,000 850

Total - Classes Total - All Assets 17,934 1,155,574 393,445 754,161 118,122 20,138 16,421


Not funded by Council

Per Note 9 Per Section 428 (2d)

121

2006(1)

$m 2007 $m 2008 $m2009(3)

$m2010(3)

$mRecurrent budgetIncome from continuing operations 95 106 115Expenses from continuing operations 94 98 102Operating result from continuing operations

1 8 13

Capital budgetNew capital works 101 98 54

Funded by:Loans 13 12 11Asset sales 3 2 1Reserves 23 17 8Grants/Contributions 48 58 25Recurrent revenue 14 9 9Other

101 98 54

Notes(1) From Income Statement(2) New Capital Works are major non-recurrent projects. Eg new Leisure Centre, new Library, new swimming pool etc(3) If Council has only adopted 3 years of projections then only show 3 years


FINANCIAL PROJECTIONSfor the year ended 30 June 2006

Special Schedule No 8

1

2006 fin stat extract - tweed...

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