Annual Report - City of Bayswater

Rate Setting Statement (cont)for the year ended 30 June 2010Significant Item2009/2010 TotalBudgetActualChanges in Non-Current Assets Revaluation - $9,496,326EMRC Asset revaluation - $1,233,346TOTAL OPERATIONS ($24,703,039) ($15,028,154)ADDOther Deferred Debtors $18,137Selling Price of Assets 441,000 $537,666Reserves Movement (Net) 5,956,752 $4,984,635Principal Loan Recoveries 58,040 $57,787Aged Persons Liability Movement Adjustment - $1,640,841Provision For Long Service Leave Non-Current Adjustment - $35,355Loss on Disposal of Assets 96,162 $473,507Employee Provisions 294,500 -Depreciation 16,029,661 $7,162,331LESS$22,876,115 $14,910,259Capital Expenditure 28,394,163 17,454,439E.S.L Non-Current Adjustment - 47,937Joint Venture Asset Revaluation - 1,233,346Changes in Non-Current Assets Revaluation - 9,496,326Repayment of Debt 409,151 3,232,597$28,803,314 $31,464,645Opening Balance $4,234,700 $14,915,554Closing Balance $0 $9,962,420Amount To Be Made Up From Rates ($26,395,538) ($26,629,406)This Rate Setting Statement should be read in conjunction with the accompanying notes.44 city of bayswater annual report 2009-10