DRAFT BUDGET 2022-23
GOLDEN PLAINS SHIRE COUNCIL
4.2 ANALYSIS OF BALANCE SHEET This section of the Budget analyses the expected financial position of Council at the end of the 2021-22 financial year. Note 4.2.1: Current assets ($2.5m decrease) • • • •
Cash assets decreased by $2,842k Receivables increased by $635k Inventories decreased by $11k Other assets decreased by $261k
Note 4.2.2: Non-current assets ($37m increase) The increase in non-current assets is detailed in the table below, including: •
An increase in property, infrastructure plant and equipment by $37m, comprised of the capital works program ($18.8m), less depreciation and amortisation ($9.3m) and disposal of assets ($0.3m) plus the receipt of gifted assets ($1.1m).
Movements in Non-Current Assets
0
Handed to Council $'000 0
29,386
150
0
0
(951)
28,585
Buildings Unspecialised
9,899
150
0
0
(229)
9,820
Heritage Buildings Parks, Open Spaces etc. Recreation, Leisure & Community
1,065
0
0
0
(64)
1,001
3,978
1,965
0
0
(109)
5,834
18,442
5,826
0
0
(687)
23,581
1,567
100
0
0
(31)
1,636
565
0
0
0
(48)
517
4,071
1,087
0
(278)
(747)
4,133
Roads
346,230
4,319
1,125
0
(5,165)
346,509
Bridges
35,634
2,760
0
0
(369)
38,025
Footpaths
13,660
400
0
0
(161)
13,899
Drainage
5,740
980
0
0
(159)
6,561
0
800
0
0
0
800
1,181
261
0
0
(486)
956
240
0
0
0
(62)
178
5,213
0
0
0
0
5,213
636
0
0
0
0
636
515,214
18,798
1,125
(278)
(9,268)
525,591
Description Land Buildings Specialised
Car Park Furniture & Equip Plant & Machinery
Waste management Information Comm Technology Gravel Pit Land Under Roads Invest In Association Total
Forecast Balance 1 July 2022 $'000 37,707
Additions $'000
WDV of Disposals $'000
Depreciation $'000
Balance 30 June 2023 $'000
0
0
37,707
Investment in association represents Council’s share of the net equity of the Geelong Regional Library (GRL) which equated to 6.3% in 2020-21. The GRL Board is comprised of seven representatives from four member councils. Golden Plains Shire Council has one representative on the GRL Board.
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