City of Stirling Corporate Business Plan

City of Stirling summarised rate setting statement

Forecast Rate Setting Statement

Budget ($000’s)

2017/ 2018

2018/ 2019

2019/ 2020

2020/ 2021

2021/ 2022

2022/ 2023

2023/ 2024

2024/ 2025

2025/ 2026

2026/ 2027

2027/ 2028

Operating Revenue

92,790 91,929 96,971 99,038 101,943 103,569 107,644 111,869 113,450 120,573 121,742

Less: Operating Expenditure

-219,970 -236,814 -237,081 -243,231 -248,320 -253,747 -259,459 -265,620 -271,836 -277,996 -284,248

Sub Total Operating

-127,180 -144,885 -140,111 -144,193 -146,377 -150,179 -151,815 -153,751 -158,386 -157,423 -162,506

Add Capital Grants and Contributions

5,234 8,333 8,500 8,712 8,930 9,153 9,382 9,616 9,857 10,103 10,356

Proceeds from Sale of Assets Depreciation Written Back

2,753 2,328 2,374 2,433 2,494 2,557 2,621 2,686 2,753 2,822 2,893

28,969 44,634 46,714 46,516 46,112 45,895 45,805 46,004 46,092 46,521 46,895

Loss Written Back

964

695

709

726

745

763

782

802

822

842

863

Sub Total

-89,260 -88,896 -81,814 -85,805 -88,097 -91,811 -93,226 -94,643 -98,862 -97,134 -101,499

Less Capital Expenditure

-64,112 -57,089 -64,601 -68,719 -60,235 -59,679 -60,244 -66,366 -62,111 -70,938 -69,294

Sub Total

-153,372 -145,985 -146,415 -154,524 -148,331 -151,490 -153,470 -161,009 -160,973 -168,073 -170,793

Less Profit on Disposal Written Back

-300 -219 -223 -229 -234 -240 -246 -252 -259 -265 -272

Transfers to Reserves

-13,212 -10,679 -5,581 -7,817 -8,640 -8,076 -10,847 -11,832 -15,715 -15,762 -19,035

Transfers to Town Planning Schemes Loan Repayment

-40

-60

-51

-37

-38

-39

-40

-41

-42

-43

-44

0

0

0

0

0

0

0

0

0

0

0

Sub Total

-166,923 -156,943 -152,270 -162,606 -157,244 -159,846 -164,603 -173,134 -176,989 -184,143 -190,143

Add Funding Sources Reserves Utilised 25,370 12,669 10,316 15,242 4,310 1,170

0 2,432

0 0 0

670

0 0 0

Loans

0

0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

Opening Funds

7,000 6,900

Shortfall to be made up from Rates ($)

134,553 137,374 141,954 147,365 152,934 158,676 164,603 170,702 176,989 183,473 190,143

Rate Increase (%)

1.75% 1.40% 2.00% 2.50% 2.50% 2.50% 2.50% 2.50% 2.50% 2.50% 2.50%

Corporate Business Plan 2018 – 2022 | 59