Part C: Financial information

Funding impact statements

FUNDING IMPACT STATEMENT FOR WHOLE OF COUNCIL

  2018/19
LTP
$000
2019/20
AP
$000
Variance
to LTP
$000
Sources of operating funding      
General rates, uniform annual general charges, rates penalties 176,468 188,020 11,552
Targeted rates (other than a targeted rate for water supply) 134,237 137,837 3,600
Subsidies and grants for operating purposes 6,673 7,862 1,188
Fees and charges 146,430 150,153 3,723
Interest and dividends from investments 12,994 14,659 1,665
Local authorities fuel tax, fines, infringement fees, and other receipts 8,850 8,547 (302)
Total operating funding (A) 485,652 507,078 21,426
       
Applications of operating funding      
Payments to staff and suppliers 327,074 350,791 23,717
Finance costs 24,918 24,902 (16)
Other operating funding applications 39,042 56,764 17,722
Total applications of operating funding (B) 391,035 432,457 41,422
       
Surplus (deficit) of operating funding (A-B) 94,618 74,621 19,997 
       
Sources of capital funding      
Subsidies and grants for capital expenditure 34,035 25,993 (8,042)
Development and financial contributions 2,000 2,000 0
Increase (decrease) in debt 124,816 138,419 13,603
Gross proceeds from sales of assets 2,000 13,000 11,000
Lump sum contributions 0 0 0
Total sources of capital funding (C) 162,851 179,411 16,560
       
Applications of capital funding      
Capital expenditure      
- to meet additional demand 1,843 1,078 (765)
- to improve level of service 109,488 102,099 (7,389)
- to replace existing assets 131,989 137,275 5,286
Increase (decrease) in reserves 14,149 13,580 (569)
Increase (decrease) in investments 0 0 0
Total applications of capital funding (D) 257,469 254,032 (3,437)
       
Surplus (deficit) of capital funding (C-D) (94,618) (74,621) 19,997
       
Funding balance ((A-B) + (C-D)) 0 0 (0)
       
Expenses for this activity grouping include the following depreciation/amortisation charge 117,158 124,573 7,416