Rating system, rates and Funding Impact Statements 1. Introduction Rating incidence is governed by the Council s Revenue and Financing Policy and its Rating Policies. This section outlines details of the present rating system used by the Council. It also incorporates the Funding Impact Statements in the form prescribed by the Local Government (Financial Reporting and Prudence) Regulations 2014. At various points within this section a level of rate or charge is outlined. These are indicative figures provided to give ratepayers an estimate of what their level of rates is likely to be in the forthcoming year. They are not necessarily the actual figures as these will not be known until the Council s rating information database is finalised. Rates figures in this section are GST-inclusive unless otherwise specified. 2. Rating objectives For many years the Council has embraced the following as being its rating objectives: to encourage growth and confidence in the city by operating a stable, easily understood method of setting rates to set rates in a manner that is fair and equitable as between various ratepayers and classes of ratepayer, and consistent with Council s planning objectives to ensure that all citizens contribute to the cost of providing city services by charging on a user-pays basis where practicable to foster the sense of a single community by operating a common system throughout the city. 3. Components of the present rating system - a summary The Council s rating system, designed to meet these objectives, is utilised to fund the net cost of operations and programmes outlined in the 10 Year Plan and Annual Plan. It comprises the following components: A common system applies throughout the city. Targeted rates, in the form of fixed charges (as proxy user charges) are made to cover the costs of services that are identifiable by property (water supply, wastewater disposal, and rubbish and recycling). In addition, significant non-residential users of water are metered and some non- residential wastewater users are charged on the basis of the number of pans. A Uniform Annual General Charge (UAGC) is applied as a fixed amount to every rating unit within the city. It is used as a mechanism to ensure each rating unit contributes a minimum amount of the general rate and also to moderate rates on high land-value properties. A General Rate, based on the land value, is applied to each rating unit, with different rates (differentials) applying to each property category. The categories in the Council s differential rating scheme reflect differing property use and can be broadly grouped as follows: Single-unit residential Multi-unit residential Non-residential Rural and semi-serviced Miscellaneous. ID: 9583801 Page 1
Differential surcharges (that is, a higher rate in the dollar) are applied to multi-unit residential and non-residential properties, while lower rates are applied to single unit residential and rural/semiserviced properties. No surcharge is applied to miscellaneous properties. 4. Examples of proposed rates for 2018/19 Examples of proposed rates for 2018/19 are shown in the following table: Single unit residential Average Median Quartile 1 Quartile 3 Two unit residential Average Median Quartile 1 Quartile 3 Non-residential Average Median Quartile 1 Quartile 3 Land value Rates 2017/18 Rates 2018/19 147,000 128,000 101,000 175,000 160,000 139,000 113,000 185,000 574,000 315,000 180,000 640,000 Rural & semi-serviced (5ha or more) Average 643,000 Median 350,000 Quartile 1 235,000 Quartile 3 680,000 Rural & semi-serviced (between 0.2 and 5ha) Average Median Quartile 1 Quartile 3 224,000 220,000 180,000 260,000 2,433 2,292 2,090 2,642 3,867 3,627 3,331 4,152 14,559 8,412 5,208 16,125 1,606 1,188 1,025 1,658 1,455 1,442 1,305 1,578 2,579 2,428 2,214 2,801 4,064 3,810 3,495 4,367 15,502 8,965 5,558 17,167 1,739 1,295 1,121 1,795 1,579 1,564 1,419 1,710 Miscellaneous Average Median Quartile 1 Quartile 3 395,000 235,000 113,000 475,000 4,440 2,921 1,763 5,199 4,753 3,137 1,906 5,560 The three-yearly revaluation of the city for rating purposes was undertaken in 2015 and those valuations are the base for general rates set in 2018/19. The examples should be read with regard for the following assumptions: the Council s total rates revenue will increase by 6.4% the Uniform Annual General Charge will be $700 per rating unit ($630 in 2017/18) targeted rates in the form of fixed annual charges will be applied for water supply ($272); wastewater disposal ($250); kerbside recycling ($126); rubbish and public recycling ($65) ($273, $246, $128 and $60 respectively in 2017/18) a targeted rate for wastewater disposal will be set on non-residential properties on the basis of the number of pans, in excess of three, on the rating unit. The charge per pan will be $250 compared with $246 per pan in 2017/18 the examples shown for non-residential, miscellaneous and rural/semi-serviced properties do not include the charges (either fixed or metered) for water, wastewater or kerbside recycling because these vary from property to property but they do include the rubbish and public recycling rate. 5. Components of the rating system more detail ID: 9583801 Page 2
5.1 General rate The Council proposes to set a general rate based on the land value of each rating unit in the city. The general rate will be set on a differential basis based on land use (see description below), with the differential factors as shown in the following table: Code Differential group Brief description Differential factor (expressed as % of Group Code MS) Rate (cents in $ of LV) R1 Single-unit residential Balance (approx. 78%) 0.7930 R2 Two-unit residential 120 1.2114 R3 Three-unit residential 130 1.3124 R4 Four-unit residential 140 1.4133 R5 Five-unit residential 150 1.5143 R6 Six-unit residential 160 1.6152 R7 Seven-unit residential 170 1.7162 R8 Eight- or more unit residential 180 1.8171 MS Miscellaneous 100 1.0095 CI Non-residential (commercial/industrial) 250 2.5238 FL Rural/semi-serviced (5 ha or more) 15 0.1514 FS Rural/Semi-serviced (0.2 ha or less) 51 0.5148 FM Rural/Semi-serviced (between 0.2 & 5 ha) 36 0.3634 5.2 Uniform annual general charge The Council proposes to set a uniform annual general charge of $700 ($630 for 2017/18) on each rating unit. 5.3 Targeted rates For the purposes of the targeted rates proposed below, a separately used or inhabited part ( SUIP) of a rating unit is defined as: Any part of the rating unit that is, or is able to be, separately used or inhabited by the ratepayer, or any other person who has the right to use or inhabit that part by virtue of a tenancy, lease, licence or other agreement. This definition includes separately used parts, whether or not actually occupied at any particular time, which are provided by the owner for rental (or other form of occupation) on an occasional or long term basis by someone other than the owner. For the purposes of the definition, vacant land and vacant premises offered or intended for use or habitation by a person other than the owner and usually used as such are defined as used. For the avoidance of doubt, a rating unit that has a single use or occupation is treated as having one SUIP. For a residential property a SUIP will have a separate entrance, kitchen facilities (including sink or cooking facilities), living facilities and toilet/bathroom facilities. By way of example the following would be considered to have separately used or inhabited parts of a rating unit: A single dwelling with flat attached Two or more houses, flats or apartments on one certificate of title. ID: 9583801 Page 3
The Council does not have a lump sum contribution policy and lump sum contributions will not be invited in for any targeted rate. 5.3.1 Water supply The Council proposes to set targeted rates for water supply. For residential rating units it shall be on the basis of a fixed amount per separately used or inhabited part, and for all other properties a fixed charge per rating unit. The charge will be set on a differential basis based on the availability of the service (either connected or serviceable ). Connected means the rating unit is connected to a Council-operated waterworks while serviceable means the rating unit is not connected to a Council-operated waterworks but is within 100m of such waterworks and Council would allow a connection. The serviceable rate will be 50% of the connected rate. Rating units that are not connected to the scheme, and are not serviceable will not be liable for this rate. The estimated rates for the 2018/19 year are: Connected: $272 Serviceable: $136 There are situations where the Council will require water to be supplied on a metered basis. Where this occurs, the Council proposes instead of the above to set a metered water targeted rate that is based on the volume of water supplied. All water consumed will be charged at an estimated rate of $1.1845 per cubic metre, with additional charges per metered connection based on the size of the meter connection, as follows: Meter size Annual charge $ Up to 25mm 212.75 32 to 50mm 264.50 65 to 100mm 460.00 150mm 862.50 200mm or more 1,150.00 5.3.2 Wastewater disposal The Council proposes to set a targeted rate for wastewater disposal. For residential rating units, it shall be set on the basis of a fixed charge per separately used or inhabited part, and for all other properties a fixed charge per rating unit. The charge will be set on a differential basis based on the availability of the service (either connected or serviceable ). Connected means the rating unit is connected to a public wastewater drain, while serviceable means the rating unit is not connected to a public wastewater drain but is within 30m of such a drain, and Council would allow a connection. The serviceable rate will be 50% of the connected rate. Rating units that are not connected to the scheme, and which are not serviceable will not be liable for this rate. The estimated rates for the 2018/19 year are: Connected: $250 Serviceable: $125 In addition, for the 2018/19 year the Council proposes to set a targeted rate for non-residential rating units of $250 per pan (water closet or urinal) for each pan in excess of three. ID: 9583801 Page 4
5.3.3 Rubbish and recycling 5.3.3.1 Kerbside recycling The Council proposes to set a targeted rate for kerbside recycling on the basis of: a fixed amount per separately used or inhabited part of a rating unit for residential properties receiving the Council s kerbside collection service a fixed amount per rating unit for non-residential and rural/semiserviced properties receiving the Council s kerbside collection service Rubbish and public recycling $65. 5.3.4 Warm Palmerston North The Council proposes to set a targeted rate on properties that have benefited from the installation of insulation through the Warm Up Palmy Home Insulation Scheme. The rate is calculated as a percentage of the service amount (the cost of the installation) until the service amount and costs of servicing the service amount are recovered. For 2018/19 the rate is proposed to be 16%. Where ratepayers elect, and the Council agrees, additional levels of service may be provided. These additional services could be providing more recycling bins or more frequent service. Each additional level of service will be charged at a rate of $126. This may include charges to non-rateable rating units where the service is provided. Rating units for which the Council is not prepared to provide the service will not be liable for these rates. The estimated rates for the 2018/19 year are: Kerbside recycling $126 5.3.3.2 Rubbish and public recycling The Council proposes to set a targeted rate for rubbish and public recycling on the basis of a fixed amount per separately used or inhabited part of each residential rating unit and a fixed amount per rating unit for all other rating units. Rating units that are vacant land will not be liable for these rates. The estimated rates for the 2018/19 year are: ID: 9583801 Page 5
5.4 Differential matters and categories 5.4.1 Objectives of differentials for general rate The Council believes that a uniform general rate based on land value would not produce a fair and equitable allocation of rates. For this reason, it operates a system of differentials based on land use. Descriptions of the land use categories are shown in 5.4.2. The Council describes the relationship between the rates charged to each group in terms of a factor expressed as a percentage of the rate that would apply if there were no differential rating in place that is, the group described as Miscellaneous (MS). Each year, the Council reviews the differential factors applied to each land use category. The factors proposed for 2018/19 are outlined in 5.1 and remain unchanged from 2017/18 except those for multi-storey buildings where it is proposed they will no longer be charged a surcharge higher than for other non-residential property. The factors have been developed to address the following matters: rating units containing more than one residential unit will place an increasing demand on Council services as the number of units increase the land value for non-residential property is often driven by different influences from the land value for residential or rural land and therefore is not directly comparable as a rating base the Council s Revenue and Financing Policy identifies a number of activities where it believes non-residential users gain a greater benefit than other users and should bear a greater share of the cost for large rural rating units a pure land value system would produce rates charges that would be unsustainable rural and semi-serviced rating units generally have limited or, in some cases, no access to some Council activities funded through the general rate 5.4.2 Differentials based on land use The Council proposes to differentiate the general rate primarily on the basis of land use. Properties with more than one use will be placed in a category that the Council considers reflects the primary use. If the Council considers it fair and reasonable to do so, it may partition the property into parts and allocate each part to the most appropriate category. Note that, subject to the rights of objection to the rating information database set out in sections 29 and 39 of the Local Government (Rating) Act 2002, the Council is the sole determiner of the categories. In the context of the general rate, serviced means the property is either serviceable or connected for wastewater disposal as defined for the targeted rate for wastewater disposal. The following differential categories will be used: Single-unit residential (R1) Every rating unit not otherwise classified: having a predominant or exclusive residential use (excluding home occupations) and on which is erected one residential unit; or having no predominant use, but on which the erection of residential units is a permitted activity under the city s District Plan. Multi-unit residential (R2 - R8) Every rating unit not otherwise classified on which is erected: two residential units (R2); or three residential units (R3); or four residential units (R4); or five residential units (R5); or six residential units (R6); or ID: 9583801 Page 6
seven residential units (R7); or eight or more residential units (R8). In determining what is a residential unit, the Council will apply the same criteria as defined for a SUIP, as shown in 5.3. Miscellaneous (MS) Every rating unit of the following types: property used primarily for not-for-profit or other community purposes, excluding retail shops property owned by the Council that is used by it for parking that is available for public use property where the ratepayer conducts or permits to be conducted a business (a Home Occupation, as defined in the city s District Plan), which would otherwise qualify for inclusion in group code R1 vacant serviced property where non-residential use is a permitted activity under the city s District Plan property that, due to its location, would otherwise qualify for inclusion in group code FL, FS or FM but is used for predominantly commercial, industrial or business purposes (excluding farming and horticulture). The Council may determine that only a portion of the property shall be classified as MS and the remainder classified as FL, FS or FM, as appropriate Property not specifically categorised in any of the other group codes. Non-residential (CI) Every serviced rating unit used for commercial, industrial or business purposes including licensed hotel, serviced apartments or residential institution including a guesthouse, rooming house, boarding house, private hotel, motel, residential club or hostel. Rural and semi-serviced (FL, FS and FM) FL Every rating unit not otherwise classified that is not serviced and has either an area of 5ha or more; or an area less than 5ha but on which there is no residential dwelling unit or non-residential improvements. When the rating unit becomes serviceable (and provided it is zoned to enable subdivision), the property will be reclassified to the higher rated differential category in the immediately following year. The Council will be prepared to create parts and continue to classify part of the property as FL in the following situations: where the land area is greater than 5ha and it would (in the Council s opinion) be unreasonable to expect the full area to be subdivided in a single year where the land area is less than 5ha and features of the land or District Plan requirements impede subdivision or development. Such classifications will be reviewed annually. FS Every rating unit not otherwise classified that is not serviced and which has an area of 0.2ha or less and on which there is either a residential dwelling or non-residential improvements (that are not used for business purposes). FM Every rating unit not otherwise classified that is not serviced and has an area greater than 0.2ha and less than 5ha. The Council may consider reclassifying only a portion of the property into a higher-rated group code once it is serviced. In that event, the same criteria would apply as for group code FL. ID: 9583801 Page 7
6. Early payment of rates Sections 55 and 56 of the Local Government (Rating) Act 2002 empowers councils to accept early payment of rates. The Council will accept any payment of rates for either the current or future years in advance of the due date. 7. Rates payable by instalment and due dates The Council provides for rates to be paid in four equal instalments. For the 2018/19 year the due dates (that is, final dates for payment without incurring penalty charges) will be: Instalment 1: 31 August 2018 Instalment 2: 30 November 2018 Instalment 3: 28 February 2019 Instalment 4: 31 May 2019 Ratepayers may elect to pay on a more regular basis if they choose. They may also elect to pay the full year s rates in one lump sum prior to the due date for instalment 2 without incurring penalty charges on instalment 1. Rates may be paid using any one of a number of payment methods acceptable to the Council, including direct debit, cheque by mail, cheque or cash or Eftpos at Council s office, direct credit and other bank transfer methods. Payment by credit card can be made using the Internet, subject to the payment of a fee to cover costs. The due date for metered water targeted rates will be the 20th of the month following the invoice date as follows: Instalment 1 2 3 4 5 6 7 8 9 10 11 12 Monthly Invoicing Due date 20 July 2018 20 August 2018 20 September 2018 20 October 2018 20 November 2018 20 December 2018 20 January 2019 20 February 2019 20 March 2019 20 April 2019 20 May 2019 20 June 2019 Two-monthly invoicing Linton, East & North Rounds Ashhurst, South West, PNCC & Central Rounds Instalment Due date Instalment Due date 1 2 3 4 5 6 20 July 2018 20 September 2018 20 November 2018 20 January 2019 20 March 2019 20 May 2019 1 2 3 4 5 6 20 August 2018 20 October 2018 20 December 2018 20 February 2019 20 April 2019 20 June 2019 ID: 9583801 Page 8
8. Rates penalties To provide an incentive for rates to be paid by the due date, penalties will be imposed when rates are not paid on time. A penalty of 10% will be added to any portion of an instalment remaining unpaid after the due date for payment, as outlined in clause 7 above. A second 10% penalty will be added to all rates (including penalties) remaining unpaid as at 1 July 2019, with further additional charges of up to 10 percent to be added at six-monthly intervals thereafter to all rates that continue to remain unpaid. A penalty charge of 10% will be added to any outstanding rates (including penalties) assessed in previous years and remaining outstanding at 1 July 2018 and again on 1 January 2019. Penalty charges will not be applied to the metered water targeted rate. 9. Rating base information The number of rating units projected for each year of the Plan as at the end of the preceding financial year is as follows: Year 1 No. of rating units Year No. of rating units 2018/19 33,050 2023/24 34,550 2019/20 33,350 2024/25 34,850 2020/21 33,650 2025/26 35,150 2021/22 33,950 2026/27 35,450 2022/23 34,250 2027/28 35,750 The following are projected as at 30 June 2018: Total capital value of all rating units: $15,050,000,000 Total land value of all rating units: $6,420,000,000 1 As at 30 June of the preceding year for example, 2018/19 = as at 30 June ID: 9583801 Page 9 2018.
10. Rates summary Basis of rates 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 General Rates General Rates rate in $ of LV (differentiated by use) 53,039 56,178 58,979 59,788 62,306 64,109 65,911 67,857 69,018 70,378 UAGC fixed charge p rating unit 19,414 20,717 22,153 22,957 23,915 25,148 26,546 28,467 30,627 32,579 T argeted rates Water fixed charge p SUIP (residential) or p - connected rating unit (non-residential) 6,960 7,751 8,958 9,758 10,111 10,870 11,184 11,328 11,276 11,562 fixed charge p SUIP (residential) or p - serviceable rating unit (non-residential) 74 81 93 100 103 110 112 112 111 112 - metered $ p m3 plus fixed charge 2,080 2,150 2,170 2,190 2,210 2,220 2,230 2,240 2,250 2,260 Wastewater fixed charge p SUIP (residential) or p - connected rating unit (non-residential) 6,731 6,803 7,024 7,183 6,891 7,407 8,723 11,523 15,653 18,768 fixed charge p SUIP (residential) or p - serviceable rating unit (non-residential) 68 68 69 70 67 71 83 108 145 172 - pans fixed charge p pan in excess of three 1,935 1,937 1,978 2,003 1,912 2,039 2,376 3,104 4,178 4,964 Rubbish & Recycling - kerbside recycling fixed charge p SUIP 3,361 3,192 3,236 3,409 3,213 3,353 3,625 3,761 3,830 3,733 - rubbish & public recycling fixed charge p SUIP 1,852 1,982 2,077 2,078 2,258 2,377 2,247 2,119 2,090 2,167 Note - SUIP = Separately Used or Inhabited Part of Rating Unit 95,514 100,859 106,737 109,536 112,986 117,704 123,037 130,619 139,178 146,695 ID: 9583801 Page 10
11. Source and application of funds statements (Funding Impact Statements) The Local Government (Financial Reporting and Prudence) Regulations 2014 prescribe the format for statements showing the sources and application of funds for the whole of Council and for each group of activities of the Council. These statements are designed to show w h e re operational and capital funding comes from, and how they are used. This information is presented in two ways, firstly at the Whole of Council level, and in a slightly different form at the Group of Activities level. At the Group of Activities level, internal revenue and expenditure are shown as separate items, while at the Whole of Council level they are not displayed because the amounts balance each other out. Note: 1. In the statements, the term Other Operating Funding is an abbreviation of Local authority fuel tax, fines, infringement fees and other receipts. 2. The totals appear different between the two statements due to the different way the figures have been categorised. The Funding Impact Statements include rates revenue, whereas the Activity Financial Statements separate rates out to clearly show how they ve been calculated. In addition, the Activity Financial Statements include depreciation in the expenses to show the full cost of the activity, but this is not included in the Funding Impact Statements. Capital Expenditure is grouped into three broad categories based on which one the programme most relates to. The three categories are: to meet additional demand to improve the level of service to replace existing assets. The categories do not clearly represent the fact that some programmes will contribute to more than one purpose. In addition to the statements mentioned, the Council is also providing Activity Financial Statements which show the revenue and expenses for the services provided, as well as how the rates are calculated (see section 1). ID: 9583801 Page 11
Long Term Plan 2018-28 Funding Impact Statements (FIS) Printed: 12/03/2018 17:11
12/03/2018 5:12 PM Funding Impact Statements Budget Whole of Council 10YP 10YP 10YP 10YP 10YP 10YP 10YP 10YP 10YP 10YP 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 $'000s $'000s $'000s $'000s $'000s $'000s $'000s $'000s $'000s $'000s $'000s Sources of Operating Funding 67,103 General Rates, UAGC & Rates Penalties 72,423 76,895 81,134 82,746 86,223 89,259 92,458 96,325 99,646 102,957 22,693 Targeted Rates 23,090 23,964 25,604 26,790 26,763 28,445 30,579 34,294 39,532 43,738 2,757 Subsidies & Grants for Operating Purposes 3,107 2,896 3,472 3,079 3,155 3,246 3,343 3,437 3,844 3,643 4,705 Fees and Charges 5,228 5,367 5,525 5,564 5,724 5,910 5,970 6,113 6,260 6,416 340 Interest and Dividends from investments 517 567 617 667 717 717 717 717 717 717 18,559 Other Operating Funding * 19,267 23,665 20,196 25,648 22,078 27,952 23,364 29,484 24,899 25,580 116,157 Total Operating Funding 123,633 133,354 136,548 144,494 144,660 155,530 156,431 170,370 174,899 183,051 Applications of Operating Funding 85,184 Payments to Staff and Suppliers 92,744 93,828 97,323 96,304 99,547 99,885 103,126 104,627 109,541 113,953 6,462 Finance Costs 7,142 8,767 10,674 12,186 13,092 14,050 15,977 18,287 19,662 19,846 - Other operating funding applications - - - - - - - - - - 91,646 Total Applications of Operating Funding 99,885 102,595 107,997 108,490 112,638 113,935 119,103 122,914 129,204 133,799 24,511 Surplus/(Deficit) of Operating Funding 23,748 30,759 28,551 36,004 32,022 41,596 37,328 47,456 45,695 49,252 Sources of Capital Funding 15,441 Subsidies and Grants for Capital Expenditure 13,258 8,998 7,945 11,784 6,941 8,757 6,249 15,308 19,212 26,580 1,731 Development & Financial Contributions 1,063 1,476 1,891 2,090 2,465 2,783 3,406 3,932 4,346 4,495 18,994 Increase/(Decrease) in Debt 27,683 30,378 37,995 16,709 16,329 18,458 50,753 32,683 17,852 (9,405) - Gross proceeds from sale of assets - - - - - - - - - - - Lump sum contributions - - - - - - - - - - - Other dedicated capital funding - - - - - - - - - - 36,166 Total Sources of Capital Funding 42,004 40,852 47,831 30,582 25,736 29,997 60,409 51,923 41,410 21,671 Applications of Capital Funding Capital Expenditure:- 5,406 - to meet additional demand 3,806 8,860 9,392 3,986 6,671 2,688 8,020 5,557 3,727 3,289 30,554 - to improve the level of service 31,972 33,090 33,750 35,958 25,438 43,893 61,894 61,048 56,177 36,623 27,308 - to replace existing assets 29,974 29,661 33,240 26,643 25,648 25,012 27,824 32,774 27,200 31,011 - Increase/(Decrease) in Reserves - - - - - - - - - - (2,591) Increase/(Decrease) of Investments - - - - - - - - - - 60,677 Total Applications of Capital Funding 65,752 71,611 76,382 66,586 57,758 71,593 97,737 99,379 87,105 70,923 (24,511) Surplus/(Deficit) of Capital Funding (23,748) (30,759) (28,551) (36,004) (32,022) (41,596) (37,328) (47,456) (45,695) (49,252) Page 2 of 11 - Total Funding Surplus/(Deficit) - () () () () ()
12/03/2018 5:12 PM Funding Impact Statements Budget Connected & Safe Community - Group of Acti 10YP 10YP 10YP 10YP 10YP 10YP 10YP 10YP 10YP 10YP 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 $'000s $'000s $'000s $'000s $'000s $'000s $'000s $'000s $'000s $'000s $'000s Sources of Operating Funding 13,853 General Rates, UAGC & Rates Penalties 13,830 14,552 15,352 15,576 16,117 16,557 17,282 17,277 17,639 18,044 - Targeted Rates - - - - - - - - - - 67 Subsidies & Grants for Operating Purposes 56 6 6 6 7 7 7 7 7 7 1,040 Fees and Charges 1,188 1,213 1,238 1,264 1,298 1,334 1,371 1,404 1,438 1,474 525 Internal Charges & Overheads Recovered 670 684 699 713 729 746 763 781 800 820 3,634 Other Operating Funding * 3,936 4,241 4,456 4,704 4,963 5,180 5,396 5,614 5,814 5,991 19,119 Total Operating Funding 19,680 20,696 21,751 22,265 23,114 23,824 24,819 25,083 25,698 26,336 Applications of Operating Funding 10,566 Payments to Staff and Suppliers 10,903 11,280 11,515 11,683 11,949 12,296 12,735 13,012 13,324 13,697 420 Finance Costs 574 834 1,045 1,164 1,254 1,354 1,383 1,371 1,359 1,301 5,433 Internal Charges & Overheads Applied 5,661 5,874 6,043 6,178 6,418 6,693 7,033 7,208 7,407 7,593 - Other operating funding applications - - - - - - - - - - 16,419 Total Applications of Operating Funding 17,138 17,988 18,603 19,024 19,620 20,343 21,151 21,591 22,091 22,590 2,700 Surplus/(Deficit) of Operating Funding 2,542 2,708 3,148 3,240 3,493 3,481 3,668 3,492 3,607 3,746 Sources of Capital Funding - Subsidies and Grants for Capital Expenditure 152 580 - - - 2,223 - - - - - Development & Financial Contributions - - - - - - - - - - 6,818 Increase/(Decrease) in Debt 4,692 4,895 3,065 1,548 2,065 1,896 5 586 (226) (1,244) - Gross proceeds from sale of assets - - - - - - - - - - - Lump sum contributions - - - - - - - - - - - Other dedicated capital funding - - - - - - - - - - 6,818 Total Sources of Capital Funding 4,844 5,474 3,065 1,548 2,065 4,119 5 586 (226) (1,244) Applications of Capital Funding Capital Expenditure:- - - to meet additional demand - - - - - - - - - - 3,926 - to improve the level of service 518 1,375 687 2,791 3,485 5,411 923 856 303 122 5,593 - to replace existing assets 6,867 6,807 5,527 1,997 2,073 2,189 2,750 3,222 3,078 2,380 - Increase/(Decrease) in Reserves - - - - - - - - - - - Increase/(Decrease) of Investments - - - - - - - - - - 9,519 Total Applications of Capital Funding 7,386 8,182 6,214 4,788 5,558 7,600 3,673 4,078 3,381 2,502 (2,700) Surplus/(Deficit) of Capital Funding (2,542) (2,708) (3,148) (3,240) (3,493) (3,481) (3,668) (3,492) (3,607) (3,746) Page 3 of 11 - Total Funding Surplus/(Deficit) - - - - - - - - - -
12/03/2018 5:12 PM Funding Impact Statements Budget Creative & Exciting City - Group of Activities 10YP 10YP 10YP 10YP 10YP 10YP 10YP 10YP 10YP 10YP 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 $'000s $'000s $'000s $'000s $'000s $'000s $'000s $'000s $'000s $'000s $'000s Sources of Operating Funding 23,881 General Rates, UAGC & Rates Penalties 25,184 26,187 26,933 27,179 28,604 30,281 31,400 33,991 35,621 37,529 - Targeted Rates - - - - - - - - - - 58 Subsidies & Grants for Operating Purposes 63 64 66 67 69 70 72 73 75 77 - Fees and Charges - - - - - - - - - - - Internal Charges & Overheads Recovered - - - - - - - - - - 1,950 Other Operating Funding * 2,046 2,087 2,131 2,176 2,224 2,275 2,327 2,383 2,440 2,504 25,889 Total Operating Funding 27,293 28,339 29,130 29,422 30,896 32,625 33,799 36,447 38,137 40,109 Applications of Operating Funding 12,793 Payments to Staff and Suppliers 13,375 14,238 14,551 13,796 13,964 14,126 14,535 15,046 15,195 15,671 1,078 Finance Costs 1,318 1,689 2,116 2,544 2,770 2,785 2,732 2,787 2,931 3,160 7,540 Internal Charges & Overheads Applied 7,613 7,840 8,065 8,252 8,472 8,687 8,919 9,185 9,425 9,681 - Other operating funding applications - - - - - - - - - - 21,411 Total Applications of Operating Funding 22,307 23,766 24,731 24,592 25,206 25,598 26,185 27,018 27,551 28,512 4,478 Surplus/(Deficit) of Operating Funding 4,986 4,573 4,398 4,829 5,690 7,028 7,614 9,430 10,586 11,598 Sources of Capital Funding 4,404 Subsidies and Grants for Capital Expenditure 1,135 1,817 529 5,598 467 1,434 1,467 10,016 15,385 22,625 165 Development & Financial Contributions 165 230 294 325 384 433 530 612 677 700 3,660 Increase/(Decrease) in Debt 6,794 8,160 9,588 6,355 525 (851) (2,324) 1,986 261 6,258 - Gross proceeds from sale of assets - - - - - - - - - - - Lump sum contributions - - - - - - - - - - - Other dedicated capital funding - - - - - - - - - - 8,229 Total Sources of Capital Funding 8,094 10,207 10,411 12,278 1,376 1,016 (327) 12,614 16,323 29,583 Applications of Capital Funding Capital Expenditure:- - - to meet additional demand 280 1,755 633 719 1,427 200 309 1,093 56 790 8,934 - to improve the level of service 7,956 8,461 8,487 12,689 3,139 4,033 2,513 14,581 22,015 32,048 3,773 - to replace existing assets 4,844 4,562 5,691 3,699 2,499 3,812 4,466 6,370 4,838 8,342 - Increase/(Decrease) in Reserves - - - - - - - - - - - Increase/(Decrease) of Investments - - - - - - - - - - 12,707 Total Applications of Capital Funding 13,080 14,779 14,810 17,107 7,066 8,044 7,288 22,044 26,909 41,180 (4,478) Surplus/(Deficit) of Capital Funding (4,986) (4,573) (4,398) (4,829) (5,690) (7,028) (7,614) (9,430) (10,586) (11,598) Page 4 of 11 - Total Funding Surplus/(Deficit) - - - - - - - - - -
12/03/2018 5:12 PM Funding Impact Statements Budget Driven & Enabling Council - Group of Activitie 10YP 10YP 10YP 10YP 10YP 10YP 10YP 10YP 10YP 10YP 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 $'000s $'000s $'000s $'000s $'000s $'000s $'000s $'000s $'000s $'000s $'000s Sources of Operating Funding 9,205 General Rates, UAGC & Rates Penalties 8,998 9,633 9,707 9,243 8,880 8,032 7,815 7,672 7,666 7,476 - Targeted Rates - - - - - - - - - - - Subsidies & Grants for Operating Purposes - - - - - - - - - - 187 Fees and Charges 150 153 156 160 163 167 171 175 179 184 42,805 Internal Charges & Overheads Recovered 34,746 35,526 36,815 37,726 38,832 40,067 41,262 42,217 45,866 49,499 4,029 Other Operating Funding * 4,171 8,387 4,392 8,859 4,798 9,978 4,846 10,199 5,047 5,155 56,226 Total Operating Funding 48,066 53,700 51,071 55,987 52,673 58,243 54,094 60,263 58,758 62,313 Applications of Operating Funding 40,543 Payments to Staff and Suppliers 33,136 32,340 33,753 33,497 35,634 34,572 36,543 36,387 38,995 42,126 776 Finance Costs 855 868 837 782 728 646 555 468 330 319 11,827 Internal Charges & Overheads Applied 13,365 13,677 14,155 14,229 14,576 15,017 15,362 15,634 16,048 16,347 - Other operating funding applications - - - - - - - - - - 53,147 Total Applications of Operating Funding 47,356 46,885 48,745 48,507 50,938 50,235 52,460 52,489 55,374 58,791 3,079 Surplus/(Deficit) of Operating Funding 710 6,815 2,325 7,480 1,735 8,009 1,634 7,774 3,384 3,522 Sources of Capital Funding - Subsidies and Grants for Capital Expenditure - - - - - - - - - - - Development & Financial Contributions - - - - - - - - - - (1,379) Increase/(Decrease) in Debt 3,317 (3,127) 1,507 (3,814) 2,237 (4,626) 2,017 (4,699) (168) (212) - Gross proceeds from sale of assets - - - - - - - - - - - Lump sum contributions - - - - - - - - - - - Other dedicated capital funding - - - - - - - - - - (1,379) Total Sources of Capital Funding 3,317 (3,127) 1,507 (3,814) 2,237 (4,626) 2,017 (4,699) (168) (212) Applications of Capital Funding Capital Expenditure:- - - to meet additional demand - - - - - - - - - - 332 - to improve the level of service 1,280 926 973 525 428 437 448 458 466 476 3,959 - to replace existing assets 2,747 2,762 2,860 3,141 3,544 2,946 3,204 2,617 2,750 2,834 - Increase/(Decrease) in Reserves - - - - - - - - - - (2,591) Increase/(Decrease) of Investments - - - - - - - - - - 1,700 Total Applications of Capital Funding 4,027 3,689 3,833 3,666 3,972 3,383 3,651 3,075 3,216 3,310 (3,079) Surplus/(Deficit) of Capital Funding (710) (6,815) (2,326) (7,480) (1,735) (8,009) (1,634) (7,774) (3,384) (3,522) Page 5 of 11 - Total Funding Surplus/(Deficit) - () () () () ()
12/03/2018 5:12 PM Funding Impact Statements Budget Eco-City - Group of Activities 10YP 10YP 10YP 10YP 10YP 10YP 10YP 10YP 10YP 10YP 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 $'000s $'000s $'000s $'000s $'000s $'000s $'000s $'000s $'000s $'000s $'000s Sources of Operating Funding 5,182 General Rates, UAGC & Rates Penalties 5,998 6,004 6,058 6,222 6,202 6,452 6,585 6,610 6,669 6,676 - Targeted Rates - - - - - - - - - - 320 Subsidies & Grants for Operating Purposes 330 338 346 354 363 372 382 392 402 413 - Fees and Charges - - - - - - - - - - 15 Internal Charges & Overheads Recovered 15 16 16 17 17 17 18 18 19 19 2,651 Other Operating Funding * 2,625 2,249 2,299 2,759 2,823 2,890 2,962 3,036 3,114 3,197 8,168 Total Operating Funding 8,968 8,607 8,719 9,352 9,404 9,732 9,946 10,056 10,204 10,305 Applications of Operating Funding (226) Payments to Staff and Suppliers 261 295 193 196 175 96 83 71 131 163 435 Finance Costs 408 415 412 409 398 378 353 331 303 272 6,414 Internal Charges & Overheads Applied 6,770 6,593 6,778 7,297 7,478 7,630 7,843 8,028 8,238 8,464 - Other operating funding applications - - - - - - - - - - 6,623 Total Applications of Operating Funding 7,438 7,303 7,383 7,903 8,051 8,103 8,280 8,429 8,672 8,899 1,545 Surplus/(Deficit) of Operating Funding 1,530 1,304 1,336 1,449 1,353 1,629 1,666 1,627 1,531 1,406 Sources of Capital Funding - Subsidies and Grants for Capital Expenditure 22 22 - - - - - - - - - Development & Financial Contributions - - - - - - - - - - (778) Increase/(Decrease) in Debt (549) (518) (486) (631) (636) (855) (462) (271) (216) (292) - Gross proceeds from sale of assets - - - - - - - - - - - Lump sum contributions - - - - - - - - - - - Other dedicated capital funding - - - - - - - - - - (778) Total Sources of Capital Funding (527) (496) (486) (631) (636) (855) (462) (271) (216) (292) Applications of Capital Funding Capital Expenditure:- - - to meet additional demand - - - - - - - - - - 40 - to improve the level of service 268 408 379 365 146 161 85 87 102 91 727 - to replace existing assets 735 400 472 453 571 613 1,120 1,269 1,214 1,023 - Increase/(Decrease) in Reserves - - - - - - - - - - - Increase/(Decrease) of Investments - - - - - - - - - - 767 Total Applications of Capital Funding 1,003 808 850 818 717 773 1,204 1,356 1,315 1,114 (1,545) Surplus/(Deficit) of Capital Funding (1,530) (1,304) (1,336) (1,449) (1,353) (1,629) (1,666) (1,627) (1,531) (1,406) Page 6 of 11 - Total Funding Surplus/(Deficit) - - - - - - - - - -
12/03/2018 5:12 PM Funding Impact Statements Budget Innovative & Growing City - Group of Activitie 10YP 10YP 10YP 10YP 10YP 10YP 10YP 10YP 10YP 10YP 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 $'000s $'000s $'000s $'000s $'000s $'000s $'000s $'000s $'000s $'000s $'000s Sources of Operating Funding 4,968 General Rates, UAGC & Rates Penalties 5,739 5,780 5,940 6,032 6,193 6,161 6,527 6,559 6,769 6,767 - Targeted Rates - - - - - - - - - - - Subsidies & Grants for Operating Purposes - - - - - - - - - - 3,477 Fees and Charges 3,890 4,001 4,131 4,140 4,263 4,409 4,428 4,534 4,643 4,759 826 Internal Charges & Overheads Recovered 935 955 975 995 1,017 1,041 1,065 1,090 1,116 1,144 1,154 Other Operating Funding * 1,210 1,236 1,262 1,288 1,316 1,347 1,378 1,411 1,445 1,481 10,425 Total Operating Funding 11,775 11,972 12,307 12,456 12,789 12,958 13,397 13,594 13,973 14,151 Applications of Operating Funding 7,501 Payments to Staff and Suppliers 8,219 8,335 8,556 8,687 8,918 9,014 9,242 9,421 9,692 9,889 1 Finance Costs 1 1 2,797 Internal Charges & Overheads Applied 3,256 3,344 3,443 3,475 3,564 3,663 3,770 3,830 3,917 4,011 - Other operating funding applications - - - - - - - - - - 10,299 Total Applications of Operating Funding 11,476 11,679 12,000 12,163 12,483 12,678 13,013 13,251 13,609 13,900 126 Surplus/(Deficit) of Operating Funding 298 293 307 293 307 280 385 343 364 251 Sources of Capital Funding - Subsidies and Grants for Capital Expenditure - - - - - - - - - - - Development & Financial Contributions - - - - - - - - - - 36 Increase/(Decrease) in Debt 32 (31) (37) 18 (4) (27) (21) (120) 203 (12) - Gross proceeds from sale of assets - - - - - - - - - - - Lump sum contributions - - - - - - - - - - - Other dedicated capital funding - - - - - - - - - - 36 Total Sources of Capital Funding 32 (31) (37) 18 (4) (27) (21) (120) 203 (12) Applications of Capital Funding Capital Expenditure:- - - to meet additional demand - - - - - - - - - - - - to improve the level of service - - - - - - - - - - 162 - to replace existing assets 330 262 270 311 303 253 364 223 567 238 - Increase/(Decrease) in Reserves - - - - - - - - - - - Increase/(Decrease) of Investments - - - - - - - - - - 162 Total Applications of Capital Funding 330 262 270 311 303 253 364 223 567 238 (126) Surplus/(Deficit) of Capital Funding (298) (293) (307) (293) (307) (280) (385) (343) (364) (251) Page 7 of 11 - Total Funding Surplus/(Deficit) - - - - - - - - - -
12/03/2018 5:12 PM Funding Impact Statements Budget Transport - Group of Activities 10YP 10YP 10YP 10YP 10YP 10YP 10YP 10YP 10YP 10YP 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 $'000s $'000s $'000s $'000s $'000s $'000s $'000s $'000s $'000s $'000s $'000s Sources of Operating Funding 12,666 General Rates, UAGC & Rates Penalties 15,047 16,899 19,419 20,951 22,627 24,362 25,526 26,767 27,829 28,836 - Targeted Rates - - - - - - - - - - 2,313 Subsidies & Grants for Operating Purposes 2,658 2,487 3,054 2,652 2,717 2,797 2,883 2,965 3,360 3,145 - Fees and Charges - - - - - - - - - - - Internal Charges & Overheads Recovered - - - - - - - - - - 4,529 Other Operating Funding * 4,607 4,695 4,785 4,882 4,984 5,090 5,202 5,322 5,450 5,586 19,508 Total Operating Funding 22,312 24,081 27,259 28,484 30,329 32,250 33,611 35,054 36,638 37,566 Applications of Operating Funding 9,070 Payments to Staff and Suppliers 10,575 10,679 11,594 10,986 11,327 11,687 12,139 12,554 13,584 13,372 1,845 Finance Costs 2,131 2,781 3,623 4,358 4,857 5,083 5,192 5,339 5,325 5,115 3,839 Internal Charges & Overheads Applied 4,118 4,261 4,501 4,543 4,693 4,839 4,971 5,107 5,256 5,391 - Other operating funding applications - - - - - - - - - - 14,753 Total Applications of Operating Funding 16,824 17,721 19,717 19,887 20,877 21,609 22,303 23,000 24,165 23,878 4,754 Surplus/(Deficit) of Operating Funding 5,487 6,360 7,541 8,597 9,451 10,641 11,308 12,055 12,474 13,688 Sources of Capital Funding 11,037 Subsidies and Grants for Capital Expenditure 11,949 6,579 7,416 6,186 6,474 5,099 4,782 5,292 3,827 3,955 692 Development & Financial Contributions 369 513 657 726 856 967 1,184 1,366 1,510 1,562 6,993 Increase/(Decrease) in Debt 8,711 13,432 16,050 10,215 7,981 685 3,354 2,452 (1,387) (5,550) - Gross proceeds from sale of assets - - - - - - - - - - - Lump sum contributions - - - - - - - - - - - Other dedicated capital funding - - - - - - - - - - 18,721 Total Sources of Capital Funding 21,030 20,525 24,123 17,126 15,311 6,751 9,320 9,110 3,950 (32) Applications of Capital Funding Capital Expenditure:- 2,964 - to meet additional demand 652 3,680 5,867 2,468 2,441 626 3,804 1,796 1,624 1,271 15,033 - to improve the level of service 19,748 17,474 18,403 15,267 13,462 8,803 8,404 8,433 6,073 3,377 5,479 - to replace existing assets 6,117 5,730 7,394 7,988 8,859 7,962 8,420 10,936 8,727 9,007 - Increase/(Decrease) in Reserves - - - - - - - - - - - Increase/(Decrease) of Investments - - - - - - - - - - 23,476 Total Applications of Capital Funding 26,517 26,885 31,664 25,723 24,763 17,392 20,628 21,165 16,423 13,656 (4,754) Surplus/(Deficit) of Capital Funding (5,487) (6,360) (7,541) (8,597) (9,451) (10,641) (11,308) (12,055) (12,474) (13,688) Page 8 of 11 - Total Funding Surplus/(Deficit) - - - - - - - - - -
12/03/2018 5:12 PM Funding Impact Statements Budget Stormwater - Group of Activities 10YP 10YP 10YP 10YP 10YP 10YP 10YP 10YP 10YP 10YP 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 $'000s $'000s $'000s $'000s $'000s $'000s $'000s $'000s $'000s $'000s $'000s Sources of Operating Funding 2,436 General Rates, UAGC & Rates Penalties 2,870 3,014 3,037 3,030 3,070 3,143 3,195 3,328 3,372 3,531 - Targeted Rates - - - - - - - - - - - Subsidies & Grants for Operating Purposes - - - - - - - - - - - Fees and Charges - - - - - - - - - - 17 Internal Charges & Overheads Recovered 18 18 19 19 20 20 21 21 22 22 2 Other Operating Funding * 2 2 2 2 2 2 2 3 3 3 2,456 Total Operating Funding 2,890 3,034 3,058 3,051 3,092 3,165 3,218 3,352 3,397 3,556 Applications of Operating Funding 961 Payments to Staff and Suppliers 1,248 1,310 1,261 1,182 1,209 1,240 1,268 1,301 1,336 1,370 342 Finance Costs 302 345 378 388 385 388 417 431 434 432 516 Internal Charges & Overheads Applied 521 535 552 567 591 618 645 675 693 713 - Other operating funding applications - - - - - - - - - - 1,818 Total Applications of Operating Funding 2,071 2,190 2,191 2,136 2,185 2,246 2,330 2,406 2,463 2,516 637 Surplus/(Deficit) of Operating Funding 819 844 867 915 906 919 887 946 934 1,040 Sources of Capital Funding - Subsidies and Grants for Capital Expenditure - - - - - - - - - - 176 Development & Financial Contributions 71 98 126 139 164 185 226 261 289 299 423 Increase/(Decrease) in Debt 846 925 573 17 85 392 950 (251) 635 (462) - Gross proceeds from sale of assets - - - - - - - - - - - Lump sum contributions - - - - - - - - - - - Other dedicated capital funding - - - - - - - - - - 599 Total Sources of Capital Funding 917 1,023 699 156 249 577 1,176 10 924 (163) Applications of Capital Funding Capital Expenditure:- 356 - to meet additional demand 538 666 367 54 440 417 1,247 59 975 63 614 - to improve the level of service 563 525 588 430 110 451 347 356 487 376 266 - to replace existing assets 635 677 610 587 606 629 469 541 396 438 - Increase/(Decrease) in Reserves - - - - - - - - - - - Increase/(Decrease) of Investments - - - - - - - - - - 1,236 Total Applications of Capital Funding 1,736 1,868 1,566 1,071 1,155 1,497 2,063 956 1,858 877 (637) Surplus/(Deficit) of Capital Funding (819) (844) (867) (915) (906) (919) (887) (946) (934) (1,040) Page 9 of 11 - Total Funding Surplus/(Deficit) - - - - - - - - - -
12/03/2018 5:12 PM Funding Impact Statements Budget Wastewater - Group of Activities 10YP 10YP 10YP 10YP 10YP 10YP 10YP 10YP 10YP 10YP 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 $'000s $'000s $'000s $'000s $'000s $'000s $'000s $'000s $'000s $'000s $'000s Sources of Operating Funding - General Rates, UAGC & Rates Penalties - - - - - - - - - - 8,590 Targeted Rates 8,734 8,808 9,070 9,256 8,871 9,516 11,181 14,736 19,976 23,905 - Subsidies & Grants for Operating Purposes - - - - - - - - - - - Fees and Charges - - - - - - - - - - 31 Internal Charges & Overheads Recovered 40 41 42 43 44 45 46 47 49 50 927 Other Operating Funding * 1,152 1,298 1,449 1,607 1,646 1,867 1,927 2,191 2,262 2,338 9,548 Total Operating Funding 9,926 10,147 10,560 10,906 10,560 11,429 13,154 16,974 22,287 26,293 Applications of Operating Funding 3,159 Payments to Staff and Suppliers 3,055 3,157 3,482 3,564 3,362 3,445 2,735 2,804 2,878 2,957 684 Finance Costs 697 753 766 707 660 1,251 3,118 5,290 6,723 7,069 2,367 Internal Charges & Overheads Applied 2,746 2,864 2,913 3,029 3,102 3,179 3,203 3,286 5,811 8,497 - Other operating funding applications - - - - - - - - - - 6,210 Total Applications of Operating Funding 6,498 6,774 7,161 7,301 7,124 7,875 9,056 11,381 15,413 18,523 3,338 Surplus/(Deficit) of Operating Funding 3,428 3,373 3,399 3,605 3,436 3,554 4,098 5,593 6,874 7,770 Sources of Capital Funding - Subsidies and Grants for Capital Expenditure - - - - - - - - - - 383 Development & Financial Contributions 271 376 482 533 628 709 868 1,002 1,107 1,145 1,061 Increase/(Decrease) in Debt 1,514 1,307 (765) (718) (603) 21,685 45,233 32,295 18,978 (5,683) - Gross proceeds from sale of assets - - - - - - - - - - - Lump sum contributions - - - - - - - - - - - Other dedicated capital funding - - - - - - - - - - 1,444 Total Sources of Capital Funding 1,785 1,683 (283) (185) 25 22,394 46,101 33,297 20,085 (4,538) Applications of Capital Funding Capital Expenditure:- 1,115 - to meet additional demand 895 704 435 107 1,146 431 1,272 854 61 344 154 - to improve the level of service 625 1,804 157 - - 22,542 46,256 35,595 24,370-3,513 - to replace existing assets 3,693 2,547 2,524 3,313 2,316 2,976 2,671 2,441 2,528 2,887 - Increase/(Decrease) in Reserves - - - - - - - - - - - Increase/(Decrease) of Investments - - - - - - - - - - 4,782 Total Applications of Capital Funding 5,213 5,055 3,116 3,420 3,462 25,948 50,199 38,890 26,959 3,232 (3,338) Surplus/(Deficit) of Capital Funding (3,428) (3,373) (3,399) (3,605) (3,436) (3,554) (4,098) (5,593) (6,874) (7,770) Page 10 of 11 - Total Funding Surplus/(Deficit) - - - - - - - - - -
12/03/2018 5:12 PM Funding Impact Statements Budget Water - Group of Activities 10YP 10YP 10YP 10YP 10YP 10YP 10YP 10YP 10YP 10YP 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 $'000s $'000s $'000s $'000s $'000s $'000s $'000s $'000s $'000s $'000s $'000s Sources of Operating Funding - General Rates, UAGC & Rates Penalties - - - - - - - - - - 9,015 Targeted Rates 9,114 9,982 11,221 12,047 12,423 13,200 13,526 13,679 13,637 13,933 - Subsidies & Grants for Operating Purposes - - - - - - - - - - - Fees and Charges - - - - - - - - - - 184 Internal Charges & Overheads Recovered 98 100 102 104 107 109 111 115 117 120 24 Other Operating Funding * 36 36 37 38 39 40 41 42 43 44 9,223 Total Operating Funding 9,247 10,119 11,360 12,189 12,569 13,348 13,679 13,836 13,796 14,097 Applications of Operating Funding 1,739 Payments to Staff and Suppliers 1,553 1,547 1,517 1,563 1,608 1,741 1,903 1,798 1,869 1,854 881 Finance Costs 856 1,082 1,496 1,834 2,039 2,165 2,227 2,269 2,257 2,178 2,750 Internal Charges & Overheads Applied 2,891 3,000 3,119 3,197 3,272 3,387 3,482 3,572 3,729 3,833 - Other operating funding applications - - - - - - - - - - 5,370 Total Applications of Operating Funding 5,300 5,629 6,132 6,594 6,919 7,293 7,612 7,640 7,855 7,866 3,853 Surplus/(Deficit) of Operating Funding 3,948 4,489 5,228 5,596 5,650 6,056 6,067 6,197 5,941 6,231 Sources of Capital Funding - Subsidies and Grants for Capital Expenditure - - - - - - - - - - 315 Development & Financial Contributions 187 259 332 367 433 489 598 691 763 789 2,160 Increase/(Decrease) in Debt 2,326 5,335 8,499 3,720 4,679 158 2,002 704 (229) (2,207) - Gross proceeds from sale of assets - - - - - - - - - - - Lump sum contributions - - - - - - - - - - - Other dedicated capital funding - - - - - - - - - - 2,475 Total Sources of Capital Funding 2,513 5,594 8,831 4,087 5,112 647 2,600 1,395 534 (1,418) Applications of Capital Funding Capital Expenditure:- 971 - to meet additional demand 1,440 2,054 2,091 637 1,217 1,014 1,388 1,754 1,011 820 1,521 - to improve the level of service 1,014 2,116 4,076 3,891 4,668 2,055 2,918 681 2,361 132 3,836 - to replace existing assets 4,006 5,914 7,893 5,154 4,877 3,633 4,361 5,157 3,102 3,862 - Increase/(Decrease) in Reserves - - - - - - - - - - - Increase/(Decrease) of Investments - - - - - - - - - - 6,328 Total Applications of Capital Funding 6,461 10,084 14,060 9,683 10,762 6,702 8,667 7,592 6,475 4,814 (3,853) Surplus/(Deficit) of Capital Funding (3,948) (4,489) (5,228) (5,596) (5,650) (6,056) (6,067) (6,197) (5,941) (6,231) Page 11 of 11 - Total Funding Surplus/(Deficit) - - - - - - - - - -