City of Stirling Corporate Business Plan

City of Stirling summarised rate setting statement

Budget ($) Budget ($) 2019/2020 2020/2021 2021/2022 2022/2023 $000’s $000’s $000’s $000’s Budget ($) Budget ($)

Forecast rate setting statement 

Operating revenue

91,390

101,304

104,496

103,856

Less: Operating expenditure

(238,401)

(241,694)

(250,031)

(256,374)

Sub total operating

(147,011)

(140,390)

(145,535)

(152,518)

Add Capital grants and contributions Proceeds from sale of assets

34,490

8,953 2,986

9,177 3,061

9,407 3,137

4,828

Depreciation written back

43,766

47,374

50,966

52,193

Loss written back

589

(602)

(617)

(633)

Sub total

(63,338)

(81,679)

7,052

(45,414)

Less capital expenditure

(82,535)

(71,368)

(78,897)

(59,552)

Sub total

(145,873)

(153,047)

(161,845)

(147,967)

Less Profit on disposal written back

(2,231)

(330)

(338)

(347)

Transfers to reserves

(14,442)

(5,824)

(6,606)

(5,247)

Transfers to Town Planning Schemes

(0) (0)

(36)

(37)

(38)

Loan repayment

(0)

(550)

(758)

Sub total

(162,546)

(159,237)

(169,376)

(154,357)

Add funding sources Reserves utilised

12,818

14,892

20,110

(0) (0) (0)

Loans

(0)

(0) (0)

(0) (0)

Opening funds

9,000

Shortfall to be made up from Rates ($)

140,728

144,345

149,267

154,357

Rate increase (%)

0.90%

2.25%

2.50%

2.50%

56