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APPENDIX 5.1A

2007/2008

Statutory Statements and Notes (including Supplementary Information)

CITY OF GOSNELLS

STATUTORY STATEMENTS AND NOTESFOR THE YEAR ENDED 30TH JUNE 2008

TABLE OF CONTENTS

Income Statement By Nature or Type 1

Income Statement By Programme 2

Cash Flow Statement 3

Rate Setting Statement 4

Notes to and Forming Part of the Budget 5 to 35

Supplementary Information

CITY OF GOSNELLSINCOME STATEMENTBY NATURE OR TYPE

FOR THE YEAR ENDED 30TH JUNE 2008

NOTE 2007/08 2006/07 2006/07Budget Actual Budget

$ $ $REVENUES FROM ORDINARY ACTIVITIESRates 8 (34,871,686) (31,960,552) (31,734,684) Grants and Subsidies (3,555,869) (3,941,222) (3,269,414) Contributions Reimbursements and Donations (492,445) (1,104,847) (588,386) Fees and Charges 11 (11,975,953) (11,540,391) (11,205,977) Interest Earnings 2(a) (4,128,211) (3,247,779) (2,584,556) Other Revenue (85,000) (106,746) (63,000)

(55,109,164) (51,901,537) (49,446,017)

EXPENSES FROM ORDINARY ACTIVITIESEmployee Costs 22,114,494 20,349,545 21,643,221 Materials and Contracts 18,922,013 12,959,079 13,649,521 Utilities 1,214,978 1,107,682 1,250,564 Depreciation 2(a) 13,193,263 13,181,765 13,170,734 Interest Expenses 2(a) 1,056,000 0 0 Insurance 1,179,030 1,155,969 1,178,888 Other Expenditure 656,200 884,947 529,000

58,335,978 49,638,987 51,421,9283,226,814 -2,262,550 1,975,911

Grants and Subsidies - non-operating (7,683,888) (3,148,599) (5,053,950) Contributions Reimbursements and Donations - non-operating (2,563,110) (7,808,214) (1,938,979) Profit on Asset Disposals 4 (4,386,927) (169,107) (4,490,816) Loss on Asset Disposals 4 330,227 310,020 221,500

NET RESULT (11,076,884) (13,078,450) (9,286,334)

This statement is to be read in conjunction with the accompanying notes.

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CITY OF GOSNELLSINCOME STATEMENT

BY PROGRAMME



$ $ $OPERATING REVENUES (Refer Notes 1,2,8 to 13)Governance (55,100) (61,227) (53,200) General Purpose Funding (42,107,166) (38,729,677) (37,233,647) Law, Order, Public Safety (374,404) (440,623) (431,345) Health (97,695) (82,396) (95,850) Education and Welfare (858,094) (809,782) (871,823) Housing 0 0 0 Community Amenities (7,440,862) (6,832,932) (6,574,686) Recreation and Culture (2,379,137) (2,480,085) (2,298,248) Transport (71,000) (91,295) (62,100) Economic Services (1,329,954) (1,816,447) (1,257,518) Other Property and Services (395,750) (557,072) (567,600)

(55,109,162) (51,901,536) (49,446,017)

OPERATING EXPENSES (Refer Notes 1,2 & 14)Governance 3,592,566 3,049,584 3,200,849 General Purpose Funding 966,857 869,372 875,479 Law, Order, Public Safety 1,783,860 1,537,621 1,686,096 Health 1,250,840 988,354 989,573 Education and Welfare 2,699,570 2,490,634 2,560,410 Housing 0 0 Community Amenities 10,564,916 8,489,332 8,659,968 Recreation & Culture 17,891,569 16,536,942 17,182,825 Transport 13,507,042 13,019,669 12,896,563 Economic Services 4,160,430 2,030,092 2,311,383 Other Property and Services 862,326 627,386 1,058,782

57,279,976 49,638,986 51,421,928

BORROWING COSTS EXPENSE (Refer Notes 2 & 5)Recreation & Culture 450,000 0 0Other Property and Services 606,000 0 0

1,056,000 0 0GRANTS/CONTRIBUTIONS FOR THE DEVELOPMENT OF ASSETSLaw, Order, Public Safety 0 (4,937) 0 Community Amenities (2,250,000) (7,723,429) (1,500,000) Recreation & Culture (1,030,158) (86,800) (675,977) Transport (6,966,840) (3,141,316) (4,766,952) Other Property and Services 0 (331) (50,000)

(10,246,998) (10,956,813) (6,992,929) PROFIT/(LOSS) ON DISPOSAL OF ASSETS (Refer Note 4)Recreation & Culture (4,156,000) 0 (4,345,229) Transport 99,300 140,913 75,913

(4,056,700) 140,913 (4,269,316)

NET RESULT (11,076,884) (13,078,450) (9,286,334)


2

CITY OF GOSNELLSCASH FLOW STATEMENT



Cash Flows From Operating Activities $ $ $

ReceiptsRates (34,725,559) (31,804,074) (31,255,962) Grants and Subsidies - operating (3,555,869) (3,941,222) (3,693,026) Contributions, Reimbursements & Donations (492,445) (1,104,847) (588,386) Service Charges (281,805) (496,259) 0 Fees and Charges (11,810,830) (12,016,878) (11,483,829) Interest Earnings (4,128,211) (3,473,003) (2,584,556) Goods and Services Tax (4,341,653) (4,400,220) (4,400,000) Other (85,000) (106,746) (63,000)

(59,421,372) (57,343,249) (54,068,759) PaymentsEmployee Costs 21,773,543 20,881,803 20,858,701 Materials and Contracts 21,361,113 10,041,610 13,456,342 Utilities (gas, electricity, water, etc) 1,214,978 1,107,682 1,215,564 Insurance 1,179,030 1,155,969 1,178,888 Interest 1,056,000 0 Goods and Services Tax 4,390,407 4,428,163 4,400,000 Other 656,200 884,947 529,000

51,631,271 38,500,174 41,638,495Net Cash Provided ByOperating Activities 15(b) (7,790,101) (18,843,075) (12,430,264)

Cash Flows from Investing ActivitiesPayments for Development of Land Held for Resale 3 1,700,000 0 0 Payments for Purchase of Property, Plant & Equipment 3 34,898,914 6,473,137 20,758,304 Payments for Construction of Infrastructure 3 26,780,995 14,759,751 22,161,763 Grants/Contributions for the Development of Assets (10,246,998) (10,956,813) (6,992,929) Proceeds from Sale of Assets 4 (8,247,340) (639,300) (5,229,528) Net Cash Used in Investing Activities 44,885,571 9,636,775 30,697,610

Cash Flows from Financing ActivitiesRepayment of Debentures 5 5,385,000 0 0Proceeds from New Debentures 5 (26,768,300) (6,500,000) (12,737,628) Net Cash Provided By (Used In)Financing Activities (21,383,300) (6,500,000) (12,737,628)

Net Increase (Decrease) in Cash Held 15,712,170 (15,706,300) 5,529,718 Cash at Beginning of Year (51,576,755) (35,870,455) (37,664,697) Cash and Cash Equivalents at the End of the Year 15(a) (35,864,585) (51,576,755) (32,134,979)


3

CITY OF GOSNELLSRATE SETTING STATEMENT



$ $ $REVENUES 1,2Governance (55,100) (61,227) (53,200) General Purpose Funding (7,235,482) (6,769,125) (5,498,963) Law, Order, Public Safety (374,404) (440,623) (431,345) Health (97,695) (82,396) (95,850) Education and Welfare (858,094) (809,782) (871,823) Community Amenities (7,440,862) (6,832,932) (6,574,686) Recreation and Culture (6,535,137) (2,480,085) (6,643,476) Transport (301,927) (260,402) (207,707) Economic Services (1,329,954) (1,816,447) (1,257,518) Other Property and Services (395,750) (557,070) (567,600)

(24,624,405) (20,110,089) (22,202,168) EXPENSES 1,2Governance 3,592,566 3,049,584 3,200,849 General Purpose Funding 966,857 869,372 875,479 Law, Order, Public Safety 1,783,860 1,537,621 1,686,096 Health 1,250,840 988,354 989,573 Education and Welfare 2,699,570 2,490,634 2,560,410 Community Amenities 10,564,916 8,489,332 8,659,968 Recreation & Culture 18,341,569 16,536,942 17,182,825 Transport 13,837,269 13,329,689 13,354,637 Economic Services 4,160,430 2,030,092 2,311,383 Other Property and Services 1,468,326 627,386 1,058,783

58,666,203 49,949,006 51,880,003Adjustments for Cash Budget Requirements:Non-Cash Expenditure and Revenue(Profit)/Loss on Asset Disposals 4 4,056,700 140,913 4,269,316 Depreciation on Assets 2(a) (13,193,263) (13,181,765) (13,407,288) Capital Expenditure and RevenueMovement in Non - Current Liabilities 0 200,000 0 Land held for resale 3 1,700,000 0 0 Purchase Land and Buildings 3 29,217,120 3,071,651 16,848,411 Purchase Infrastructure Assets - Roads 3 20,142,714 6,720,492 14,350,968 Purchase Infrastructure Assets - Parks 3 6,638,281 8,039,259 7,810,797 Purchase Plant and Equipment 3 4,645,900 2,722,986 2,833,100 Purchase Furniture and Equipment 3 1,035,894 678,500 1,076,791 Proceeds from Disposal of Assets 4 (8,247,340) (639,300) (5,229,528) Repayment of Debentures 5 5,385,000 0 0 Proceeds from New Debentures 5 (26,768,300) (6,500,000) (12,737,628) Contribution/Grants for the construction of Assets (10,246,998) (10,956,813) (6,992,929) Transfers to Reserves (Restricted Assets) 6 8,573,320 14,626,373 5,841,407 Transfers from Reserves (Restricted Assets) 6 (11,207,019) (6,023,447) (7,726,806)

ADD Estimated (Surplus)/Deficit July 1 B/Fwd 7 (11,302,121) (8,079,335) (5,279,762) LESS Estimated Surplus/(Deficit) June 30 C/Fwd 7 400,000 11,302,121 400,000

Amount Required to be Raised from Rates 8 34,871,686 31,960,552 31,734,684


4

CITY OF GOSNELLSNOTES TO AND FORMING PART OF THE BUDGET


1. SIGNIFICANT ACCOUNTING POLICIES

The significant accounting policies which have been adopted in the preparation of this financialreport are:

(a) Basis of AccountingThe budget has been prepared in accordance with applicable Australian Accounting Standards, othermandatory professional reporting requirements and the Local Government Act 1995 (as amended) andaccompanying regulations (as amended). The budget has also been prepared on the accrual basis underthe convention of historical cost accounting.

(b) The Local Government Reporting EntityAll Funds through which the Council controls resources to carry on its functions have beenincluded in the financial statements forming part of this budget.

In the process of reporting on the local government as a single unit, all transactions and balancesbetween those funds (for example, loans and transfers between Funds) have been eliminated.

All monies held in the Trust Fund are excluded from the financial statements, but a separatestatement of those monies appears at Note 16 to this budget.

(c) 2006/07 Actual BalancesBalances shown in this budget as 2006/07 Actual are as forecast at the time of budgetpreparation and are subject to final adjustments.

(d) Rounding Off FiguresAll figures shown in this budget, other than a rate in the dollar, are rounded to the nearest dollar.

(e) Rates, Grants, Donations and Other ContributionsRates, grants, donations and other contributions are recognised as revenues when the localgovernment obtains control over the assets comprising the contributions. Control over assetsacquired from rates is obtained at the commencement of the rating period or, where earlier, uponreceipt of the rates.

(f) Goods and Services TaxIn accordance with recommended practice, revenues, expenses and assets capitalised are stated netof any GST recoverable. Receivables and payables are stated inclusive of applicable GST.

(g) SuperannuationThe City of Gosnells contributes to the Local Government Superannuation Scheme and theOccupational Superannuation Fund. Both funds are defined contribution schemes.

(h) Cash and Cash EquivalentsCash and cash equivalents comprise cash at bank and in hand and short-term deposits that arereadily convertible to known amounts of cash and which are subject to an insignificant risk ofchanges in value.

For the purposes of the Cash Flow Statement, cash and cash equivalents consist of cash andcash equivalents as defined above, net of outstanding bank overdrafts. Bank overdrafts areincluded as short-term borrowings in current liabilities.

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1. SIGNIFICANT ACCOUNTING POLICIES (Continued)

(i) Trade and Other Receivables

(j) Fixed Assets

Initial RecognitionAll assets are initially recognised at cost. Cost is determined as the fair value of the assets given asconsideration plus costs incidental to the acquisition. For assets acquired at no cost or for nominalconsideration, cost is determined as fair value at the date of acquisition. The cost of non-current assetsconstructed includes the cost of all materials, direct labour and variable and fixed overheads.

RevaluationCertain asset classes may be revalued on a regular basis such that the carrying values are not materiallydifferent from fair value. For infrastructure and other asset classes where no active market exists, fairvalue is determined to be the current replacement cost of an asset less, where applicable, accumulateddepreciation calculated on a basis to reflect the already consumed or expired future economic benefits.

Those assets carried at a revalued amount, being their fair value at the date of revaluation less anysubsequent accumulated depreciation and accumulated impairment losses, are to be revalued withsufficient regularity to ensure the carrying amount does not differ materially from that determined usingfair value at reporting date.

(k) Depreciation of Non-Current AssetsAll non-current assets having a limited useful life are separately and systematically depreciated overtheir useful lives in a manner which reflects the consumption of the future economic benefits embodiedin those assets.

Depreciation is recognised on a straight-line basis, using rates which are reviewed each reportingperiod. Major depreciation periods are:

Buildings 30 to 50 yearsFurniture and Equipment 4 to 10 yearsIT Equipment 3 to 5 yearsPlant and Equipment 5 to 15 yearsSealed roads and streets clearing and earthworks not depreciated construction/road base 20 to 30 years original surfacing and major re-surfacing - bituminous seals 30 years - asphalt surfaces 30 yearsFootpaths 40 yearsBridges 50 yearsDrains 50 yearsPark Development 20 yearsPlay Equipment 5 years

Only individual items with a value of $1,000 or more have been capitalised, in accordance with Council's asset management policy.

Trade receivables, which generally have 30 - 90 day terms, are recognised initially at fair value and subsequently measured at amortised cost using the effective interest rate method, less any allowance for uncollectible amounts.

Collectibility of trade receivables is reviewed on an ongoing basis. Debts that are known to be uncollectible are written off when identified. An allowance for doubtful debts is raised when there is objective evidence that they will not be collectible.

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(l) Investments and Other Financial AssetsFinancial Assets in the scope of AASB 139 'Financial Instruments: Recognition and Measurement'are classified as either financial assets at fair value through profit or loss, loans and receivables,held-to-maturity investments, or available-for-sale financial assets. When financial assets are recognisedinitially, they are measured at fair value, plus, in the case of investments not at fair value through profitor loss, directly attributable transaction costs. The Council determines the classification of its financialassets after initial recognition and, when allowed and appropriate, re-evaluates this designation ateach financial year end.

(m) Land Held for ResaleLand purchased for development and/or resale is valued at the lower of cost and net realisablevalue. Cost includes the cost of acquisition, development and interest incurred on the financingof that land during its development. Interest and holding charges incurred after development iscomplete are recognised as expenses.

Revenue arising from the sale of property is recognised in the operating statement as at the timeof signing a binding contract of sale.

(n) ImpairmentIn accordance with Australian Accounting Standards the Council's assets, other than inventories, areassessed at each reporting date to determine whether there is any indication they may be impaired.

Where such an indication exists, an estimate of the recoverable amount of the asset is madein accordance with AASB 136 "Impairment of Assets" and appropriate adjustments made.

An impairment loss is recognised whenever the carrying amount of an asset or its cash-generatingunit exceeds its recoverable amount. Impairment losses are recognised in the Income Statement.

At the time of adopting the budget, it is not possible to estimate the amount of impairment losses(if any) as at 30 June 2008.

In any event, an impairment loss is a non-cash transaction and consequently, has no impact onthis budget document.

(o) Trade and Other PayablesTrade and other payables are carried at amortised cost. They represent liabilities for goods and servicesprovided to the Municipality prior to the end of the financial year that are unpaid and arise when theMunicipality becomes obliged to make future payments in respect of the purchase of these goods andservices. The amounts are unsecured and are usually paid within 30 days of recognition.

(p) Employee BenefitsThe provisions for employee benefits relates to amounts expected to be paid for long serviceleave, annual leave, wages and salaries and are calculated as follows:

(i) Wages, Salaries, Annual Leave and Long Service Leave (Short-term Benefits)The provision for employees’ benefits to wages, salaries, annual leave and long service leaveexpected to be settled within 12 months represents the amount the municipality has a presentobligation to pay resulting from employees services provided to balance date. The provision hasbeen calculated at nominal amounts based on remuneration rates the Council expects to payand includes related on-costs.

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(ii) Annual Leave and Long Service Leave (Long-term Benefits)The provision for employees’ benefits for annual leave and long service leave expected to besettled more than 12 months from the reporting date represents the present value of the estimated future cash outflows to be made by the employer resulting from the employeesservice to balance date.

(q) Interest-bearing Loans and BorrowingsAll loans and borrowings are initially recognised at the fair value of the consideration received lessdirectly attributable transaction costs.

After initial recognition, interest-bearing loans and borrowings are subsequently measured at amortisedcost using the effective interest method. Fees paid on the establishment of loan facilities that areyield related are included as part of the carrying amount of the loans and borrowings.

Borrowings are classified as current liabilities unless the Council has an unconditional right to defersettlement of the liability for at least 12 months after the balance sheet date.

8



2007/08 2006/07 2006/07Budget Actual Budget

2. REVENUES AND EXPENSES $ $ $

(a) Net Result from Ordinary Activities was arrived at after:

(i) Charging as Expenses:

Depreciation

By ProgrammeGovernance 0Law, Order, Public Safety 7,620 7,653 7,553Health 62,600 68,960 68,960Education and Welfare 103,300 103,282 102,778Community Amenities 1,700 1,676 1,676Recreation and Culture 2,912,900 2,689,870 2,853,869Transport 7,910,000 7,935,500 7,903,946Economic Services 0 0Other Property and Services 2,195,143 2,374,824 2,231,952

13,193,263 13,181,765 13,170,734

By ClassLand and Buildings 1,757,200 1,753,246 1,752,796Furniture and Equipment 415,120 521,671 745,000Plant and Equipment 1,579,943 1,657,414 1,490,992Roads & Footpaths 6,700,000 6,720,000 6,533,446Bridges 172,000 172,500 172,500Drainage 875,000 880,000 880,000Car Parks 163,000 163,000 163,000Parks 1,370,000 1,163,934 1,278,000Amortisation 161,000 150,000 155,000

13,193,263 13,181,765 13,170,734

Borrowing Costs (Interest)- Debentures (refer note 5(a)) 1,056,000 0 0

1,056,000 0 0Rental Charges- Operating Leases 75,000 75,000 75,000

(ii) Crediting as Revenues:

Interest Earnings Investments - Reserve Funds (2,657,732) (1,806,356) (1,101,082) - Other Funds (1,086,562) (1,121,030) (1,075,804) Other Interest Revenue (refer note 13) (383,917) (320,393) (407,670)

(4,128,211) (3,247,779) (2,584,556)

9



2. REVENUES AND EXPENSES (Continued)

(b) Statement of Objective

In order to discharge its responsibilities to the community, Council has developed a set ofoperational and financial objectives. These objectives have been established both on an overallbasis and for each of its broad activities/programs.

Council operations as disclosed in this budget encompass the following service orientatedactivities/programs:

GOVERNANCEObjective:

Activities:

GENERAL PURPOSE FUNDINGObjective:

Activities:

LAW, ORDER, PUBLIC SAFETYObjective:

Activities:

HEALTHObjective:

Activities:

EDUCATION AND WELFAREObjective:

Activities:To assist in meeting the needs of the community.

Operation of senior citizens' and day-care centres, pre-schools, playgroup assistance and other voluntary services.

To provide services to ensure a safer community.

Supervision of by-laws, fire prevention, emergency services and animal control.

To provide an operational framework for good community health.

Enforcement of food quality standards, pest control, immunisation and child health services.

To provide a decision-making process to efficiently allocate scarce resources.

Administration and operation of facilities and services to members of Council and other costs relating to assistance to members that cannot be specifically allocated.

To collect revenue to finance Council activities.

Rates, government grants, interest revenue collection and administration.

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2. REVENUES AND EXPENSES (Continued)

(b) Statement of Objective (Continued)

COMMUNITY AMENITIESObjective:

Activities:

RECREATION AND CULTUREObjective:

Activities:

TRANSPORTObjective:

Activities:

ECONOMIC SERVICESObjective:

Activities:

OTHER PROPERTY AND SERVICESActivities:

To promote the City and improve its economic base.

Promotion of tourism in the area together with regulation of building.

Private works operations, plant repairs and general operations costs.

To provide services required by the community.

Rubbish collection and recycling programmes, tip operation, noise control, town planning and storm water drainage and maintenance.

To establish and manage facilities for the well-being of the community.

Ensure availability of halls, aquatic centre, recreation sportsgrounds and libraries.

To provide effective infrastructure to the community in the most efficient way.

Construction and maintenance of roads and bridges and lighting and clearing of streets.

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2007/083. ACQUISITION OF ASSETS Budget

$The following assets are budgeted to be acquiredduring the year:

By Programme

Law, Order, Public Safety 182,700Community Amenities 224,800Recreation and Culture 16,158,298Transport 20,244,714Economic Services 12,110Other Property and Services 26,557,287

63,379,909By Class

Land Held for Resale 1,700,000Land and Buildings 29,217,120Infrastructure Assets - Roads 20,142,714Infrastructure Assets - Parks and Ovals 6,638,281Plant and Equipment 4,645,900Furniture and Equipment 1,035,894

63,379,909

A detailed breakdown of acquisitions on an individual asset basis can be found inthe supplementary information attached to this budget document as follows:

- Capital and Non-Recurrent Program

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4. DISPOSALS OF ASSETS

The following assets are budgeted to be disposed of during the year.

Net Book Value Sale Proceeds (Profit)Loss

By Programme 2007/08 2007/08 2007/08BUDGET BUDGET BUDGET

$ $ $

Recreation and Culture 2,429,000 6,585,000 (4,156,000)

Transport 1,761,640 1,662,340 99,300

4,190,640 8,247,340 (4,056,700)

Net Book Value Sale Proceeds (Profit)Loss

By Class 2007/08 2007/08 2007/08BUDGET BUDGET BUDGET

$ $ $

Land 2,429,000 6,585,000 (4,156,000)

Plant & Equipment 1,761,640 1,662,340 99,300

4,190,640 8,247,340 (4,056,700)

2007/08Summary BUDGET

$

Profit on Asset Disposals (4,386,927) Loss on Asset Disposals 330,227

(4,056,700)

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5. INFORMATION ON BORROWINGS(a) Debenture Repayments

Principal New Principal Principal Interest1-Jul-07 Loans Repayments Outstanding Repayments

2007/08 2006/07 2007/08 2006/07 2007/08 2006/07Particulars Budget Actual Budget Actual Budget Actual

$ $ $ $ $ $

Harmony Fields 6,500,000 0 5,385,000 0 1,115,000 6,500,000 450,000 0

Civic Centre 0 20,900,000 0 0 20,900,000 0 606,000 0

Amhurst Community Centre 0 4,168,300 0 0 4,168,300 0 0 0

Lot 8 Development 0 1,700,000 0 0 1,700,000 0 0 0

6,500,000 26,768,300 5,385,000 0 27,883,300 6,500,000 1,056,000 0

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5. INFORMATION ON BORROWINGS (Continued)

(b) New Debentures - 2007/08

Amount Borrowed Institution Loan Term Total Interest Amount Used Balance Particulars/Purpose Type (Years) Interest & Rate Unspent

Budget Charges % Budget $

Civic Centre Construction Loan 20,900,000 Treasury Debenture 20 16,107,258 6.19 20,900,000 0Amhurst Village Community Centre Construction Loan

4,168,300 Treasury Debenture 2 436,214 6.9 4,168,300 0Development of Lot 8 Holmes St Loan 1,700,000 Treasury Debenture 2 177,905 6.9 1,700,000 0

(c) Unspent Debentures

$3,061,480 of the Harmony Fields Debenture remained unspent at the end of the Financial year. It is expected that the remainder of the Debenture will be spent before the end of the 07-08 financial year

(d) Overdraft

Council has not utilised an overdraft facility during the financial year.It is not anticipated that such a facility will be required to be utilised during 2007/08

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$ $ $6. RESERVES

Cash Backed Reserves

(a) MGB Plant and EquipmentOpening Balance 1,184,639 974,580 975,420 Transfer to Reserve 435,497 180,473 376,474 Interest Transfer to Reserve 101,068 66,186 52,293 Transfer from Reserve (72,500) (36,600) (85,250)

1,648,704 1,184,639 1,318,937

(b) Leisure World - Mechanical/Plant ServicesOpening Balance 82,701 102,284 55,911 Transfer to Reserve 0 0 0 Interest Transfer to Reserve 7,056 6,414 3,152 Transfer from Reserve (6,600) (25,997) (16,537)

83,157 82,701 42,526

(c) Netball Courts - ResurfacingOpening Balance 6,853 6,417 6,384 Transfer to Reserve 0 0 0 Interest Transfer to Reserve 585 436 377 Transfer from Reserve 0 0 0

7,438 6,853 6,761

(d) Performing Arts CentreOpening Balance 103,049 97,629 91,203 Transfer to Reserve 18,050 17,190 17,191 Interest Transfer to Reserve 8,792 6,630 4,537 Transfer from Reserve (22,000) (18,400) (22,000)

107,891 103,049 90,931

Waste Disposal Site DevelopmentOpening Balance 3,919,826 3,670,552 3,651,662 Transfer to Reserve 0 0 0 Interest Transfer to Reserve 334,422 249,274 215,958 Transfer from Reserve 0 0 0

4,254,248 3,919,826 3,867,620

Refuse Disposal Site RehabilitationOpening Balance 224,976 180,356 142,189 Transfer to Reserve 50,000 34,058 50,000 Interest Transfer to Reserve 19,194 12,162 5,912 Transfer from Reserve (103,000) (1,600) (99,500)

191,170 224,976 98,601

Hillside Farm EquipmentOpening Balance 1,890 1,770 1,768 Transfer to Reserve 0 0 0 Interest Transfer to Reserve 161 120 104 Transfer from Reserve 0 0 0

2,051 1,890 1,872

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$ $ $6. RESERVES (Continued)

InsuranceOpening Balance 367,345 343,984 342,223 Transfer to Reserve 0 0 0 Interest Transfer to Reserve 31,340 23,361 20,238 Transfer from Reserve 0 0 0

398,685 367,345 362,461

Southern River Contaminated Site RehabilitationOpening Balance 664,563 611,153 608,472 Transfer to Reserve 0 17,751 0 Interest Transfer to Reserve 56,698 41,921 33,198 Transfer from Reserve (100,000) (6,262) 0

621,261 664,563 641,670

Building ConstructionOpening Balance 526,439 60,194 111,455 Transfer to Reserve 0 600,688 244,918 Interest Transfer to Reserve 44,913 3,112 14,764 Transfer from Reserve 0 (137,555) (36,352)

571,352 526,439 334,785

Local Government ElectionsOpening Balance 189,892 90,000 90,000 Transfer to Reserve 97,062 93,780 93,780 Interest Transfer to Reserve 16,201 6,112 2,441 Transfer from Reserve (141,500) 0 (141,500)

161,655 189,892 44,721

Rate RevaluationOpening Balance 120,206 32,967 32,815 Transfer to Reserve 87,975 85,000 85,000 Interest Transfer to Reserve 10,255 2,239 6,932 Transfer from Reserve 0 0 0

218,436 120,206 124,747

Gosnells Town Centre RevitalisationOpening Balance 492,698 500,786 379,337 Transfer to Reserve 0 0 0 Interest Transfer to Reserve 42,035 33,420 0 Transfer from Reserve (19,000) (41,508) (154,824)

515,733 492,698 224,513

Plant and EquipmentOpening Balance 1,757,821 1,787,164 1,229,855 Transfer to Reserve 1,101,708 1,064,153 1,116,446 Interest Transfer to Reserve 149,969 118,844 36,137 Transfer from Reserve (2,605,560) (1,212,340) (1,676,300)

403,938 1,757,821 706,138

17




6. RESERVES (Continued) $ $ $

Walter Padbury ParkOpening Balance 288,789 226,938 220,306 Transfer to Reserve 47,073 44,831 44,831 Interest Transfer to Reserve 24,638 17,020 14,231 Transfer from Reserve (20,325) 0 0

340,175 288,789 279,368

Sutherlands ParkOpening Balance 71,675 9,041 0 Transfer to Reserve 64,612 61,536 61,536 Interest Transfer to Reserve 6,115 1,098 4,446 Transfer from Reserve (40,562) 0 (19,978)

101,840 71,675 46,004

Harmony FieldsOpening Balance 570,221 875,816 2,097,436 Transfer to Reserve 16,859 1,326,936 16,056 Interest Transfer to Reserve 48,649 24,716 47,056 Transfer from Reserve (395,000) (1,657,247) (693,358)

240,729 570,221 1,467,190

Administration Building ConstructionOpening Balance 499,700 1,068,966 995,563 Transfer to Reserve 558,453 164,365 0 Interest Transfer to Reserve 42,632 54,277 23,955 Transfer from Reserve (130,000) (787,908) (850,000)

970,785 499,700 169,518

Maddington / Kenwick RevitalisationOpening Balance 2,507,157 1,530,240 1,207,059 Transfer to Reserve 1,000,000 1,321,733 1,000,000 Interest Transfer to Reserve 213,899 98,848 124,292 Transfer from Reserve (3,552,039) (443,664) (380,441)

169,017 2,507,157 1,950,910

Mills ParkOpening Balance 102,324 62,652 55,589 Transfer to Reserve 35,595 33,900 33,900 Interest Transfer to Reserve 8,730 5,772 5,278 Transfer from Reserve 0 0 0

146,649 102,324 94,767

Langford Oval RedevelopmentOpening Balance 49,128 29,896 30,598 Transfer to Reserve 17,549 16,713 16,713 Interest Transfer to Reserve 4,191 2,519 2,282 Transfer from Reserve (40,000) 0 0

30,868 49,128 49,593

18





Gosnells Oval RedevelopmentOpening Balance 102,813 63,969 47,148 Transfer to Reserve 35,155 33,481 33,481 Interest Transfer to Reserve 8,772 5,363 4,754 Transfer from Reserve 0 0 0

146,740 102,813 85,383

Public Open SpaceOpening Balance 6,985,922 4,540,295 4,087,142 Transfer to Reserve 1,000,000 2,065,896 499,999 Interest Transfer to Reserve 596,008 387,472 272,228 Transfer from Reserve (221,300) (7,741) (12,720)

8,360,630 6,985,922 4,846,649

Operations CentreOpening Balance 417,480 401,037 426,212 Transfer to Reserve 0 0 0 Interest Transfer to Reserve 35,618 27,137 0 Transfer from Reserve (364,455) (10,694) (402,362)

88,643 417,480 23,850

Development Contributions to InfrastructureOpening Balance 98,614 92,343 85,348 Transfer to Reserve 0 0 50,000 Interest Transfer to Reserve 8,413 6,271 7,984 Transfer from Reserve 0 0 0

107,027 98,614 143,332

Recreation and Culture InfrastructureOpening Balance 0 0 0 Transfer to Reserve 100,000 0 0 Interest Transfer to Reserve 0 0 0 Transfer from Reserve 0 0 0

100,000 0 0

TPS7Opening Balance 53,308 49,918 88,265 Transfer to Reserve 0 0 0 Interest Transfer to Reserve 4,548 3,390 2,937 Transfer from Reserve 0 0 0

57,856 53,308 91,202

TPS9AOpening Balance 1,115,087 1,137,582 1,148,740 Transfer to Reserve 25,000 0 25,000 Interest Transfer to Reserve 95,134 75,915 69,315 Transfer from Reserve (631,000) (98,410) (758,000)

604,221 1,115,087 485,055

19





TPS10Opening Balance 7,754 7,261 7,225 Transfer to Reserve 0 0 0 Interest Transfer to Reserve 662 493 0 Transfer from Reserve 0 0 0

8,416 7,754 7,225

TPS15Opening Balance 312,538 178,941 57,200 Transfer to Reserve 25,000 122,533 25,000 Interest Transfer to Reserve 26,664 16,064 1,175 Transfer from Reserve (5,000) (5,000) (5,000)

359,202 312,538 78,375


358,933 656,144 273,282


430,362 493,278 272,107

Canning Vale ODPOpening Balance 1,265,949 1,731,176 1,968,617 Transfer to Reserve 250,000 174,580 225,001 Interest Transfer to Reserve 108,005 97,791 37,777 Transfer from Reserve (1,208,988) (737,598) (1,384,514)

414,966 1,265,949 846,881

ODP Southern Precinct 5Opening Balance 332,637 316,197 336,175 Transfer to Reserve 0 0 0 Interest Transfer to Reserve 28,379 21,440 18,310 Transfer from Reserve (330,000) (5,000) (5,000)

31,016 332,637 349,485

ODP Southern Precinct 3Opening Balance 62,191 58,236 57,940 Transfer to Reserve 0 0 0 Interest Transfer to Reserve 5,306 3,955 3,426 Transfer from Reserve 0 0 0

67,497 62,191 61,366

20





ODP Southern River Precinct 2Opening Balance 1,506,225 0 0 Transfer to Reserve 250,000 1,464,684 225,000 Interest Transfer to Reserve 128,504 61,541 0 Transfer from Reserve (445,000) (20,000) (20,000)

1,439,729 1,506,225 205,000

ODP Southern Precinct 1Opening Balance 723,434 682,142 678,639 Transfer to Reserve 250,000 0 75,000 Interest Transfer to Reserve 61,720 46,292 44,245 Transfer from Reserve (5,000) (5,000) (5,000)

1,030,154 723,434 792,884

ODP Campbell EstateOpening Balance 3,286,524 0 0 Transfer to Reserve 250,000 3,551,940 225,000 Interest Transfer to Reserve 280,393 202,854 0 Transfer from Reserve (90,000) (468,270) (70,000)

3,726,917 3,286,524 155,000

Total Cash Backed Reserves 28,518,091 31,151,790 20,640,709

All of the above reserve accounts are to be supported by money held in financial institutions.

21





Summary of TransfersTo Cash Backed Reserves

MGB Plant and Equipment 536,565 246,659 428,767 7,056 6,414 3,152

Netball Courts - Resurfacing 585 436 377 Performing Arts Centre 26,842 23,820 21,728 Waste Disposal Site Development 334,422 249,274 215,958 Refuse Disposal Site Rehabilitation 69,194 46,220 55,912 Hillside Farm Equipment 161 120 104 Insurance 31,340 23,361 20,238 Southern River Contaminated Site Rehabilitation 56,698 59,672 33,198 Building Construction 44,913 603,800 259,682 Local Government Elections 113,263 99,892 96,221 Rate Revaluation 98,230 87,239 91,932 Gosnells Town Centre Revitalisation 42,035 33,420 0 Plant and Equipment 1,251,677 1,182,997 1,152,583 Walter Padbury Park 71,711 61,851 59,062 - Sutherlands Park 70,727 62,634 65,982 Harmony Fields 65,508 1,351,652 63,112 Administration Building Construction 601,085 218,642 23,955 Maddington / Kenwick Revitalisation 1,213,899 1,420,581 1,124,292 Mills Park 44,325 39,672 39,178 Langford Oval Redevelopment 21,740 19,232 18,995 Gosnells Oval Redevelopment 43,927 38,844 38,235 Public Open Space 1,596,008 2,453,368 772,227 Operations Centre 35,618 27,137 0 Developer Contributions to Infrastructure 8,413 6,271 57,984 Recreation and Culture Infrastructure 100,000 0 0 TPS7 4,548 3,390 2,937 TPS9A 120,134 75,915 94,315 TPS10 662 493 0 TPS15 51,664 138,597 26,175 TPS17 155,979 94,795 106,141 TPS20 142,084 324,899 115,206 Canning Vale ODP 358,005 272,371 262,778 ODP Southern Precinct 5 28,379 21,440 18,310 ODP Southern Precinct 3 5,306 3,955 3,426 ODP Southern Precinct 2 378,504 1,526,225 225,000 ODP Southern Precinct 1 311,720 46,292 119,245 ODP Campbell Estate 530,393 3,754,794 225,000 Total Transfer to/(from) Reserves 8,573,320 14,626,374 5,841,407

Leisure World - Mechanical/Plant Services

22





Transfers from ReservesMGB Plant and Equipment (72,500) (36,600) (85,250)

(6,600) (25,997) (16,537) Netball Courts - Resurfacing 0 0 0 Performing Arts Centre (22,000) (18,400) (22,000) Waste Disposal Site Development 0 0 0 Refuse Disposal Site Rehabilitation (103,000) (1,600) (99,500) Hillside Farm Equipment 0 0 0 Insurance 0 0 0 Southern River Contaminated Site Rehabilitatio (100,000) (6,262) 0 Building Construction 0 (137,555) (36,352) Local Government Elections (141,500) 0 (141,500) Rate Revaluation 0 0 0 Gosnells Town Centre Revitalisation (19,000) (41,508) (154,824) Plant and Equipment (2,605,560) (1,212,340) (1,676,300) Walter Padbury Park (20,325) 0 0 Sutherlands Park (40,562) 0 (19,978) Harmony Fields (395,000) (1,657,247) (693,358) Administration Building Construction (130,000) (787,908) (850,000) Maddington / Kenwick Revitalisation (3,552,039) (443,664) (380,441) Mills Park 0 0 0 Langford Oval Redevelopment (40,000) 0 0 Gosnells Oval Redevelopment 0 0 0 Public Open Space (221,300) (7,741) (12,720) Operations Centre (364,455) (10,694) (402,362) Developer Contributions to Infrastructure 0 0 0 Recreation and Culture Infrastructure 0 0 0 TPS7 0 0 0 TPS9A (631,000) (98,410) (758,000) TPS10 0 0 0 TPS15 (5,000) (5,000) (5,000) TPS17 (453,190) (176,653) (758,170) TPS20 (205,000) (120,000) (130,000) Canning Vale ODP (1,208,988) (737,598) (1,384,514) ODP Southern Precinct 5 (330,000) (5,000) (5,000) ODP Southern Precinct 3 0 0 0 ODP Southern Precinct 2 (445,000) (20,000) (20,000) ODP Southern Precinct 1 (5,000) (5,000) (5,000) ODP Campbell Estate (90,000) (468,270) (70,000)

Total Transfer to/(from) Reserves (11,207,019) (6,023,447) (7,726,806)

Leisure World - Mechanical/Plant Services

23



6. RESERVES (Continued)

In accordance with council resolutions in relation to each reserve account, the purpose for whichthe reserves are set aside are as follows:

MGB Plant and Equipment - acquisition of Mobile Garbage Plant and associated equipment (including bins).Leisure World - Mechanical/Plant Services - purchase and/or major repair of plant located at the Leisure World complex.Netball Courts - Resurfacing - resurfacing of the Southern Districts Netball Courts in Langford as required.Performing Arts Centre - construction, equipping and assessment of Don Russell Performing Arts Centre.Waste Disposal Site Development

Refuse Disposal Site Rehabilitation - rehabilitation of the Kelvin Road Refuse Disposal Site following future closure.Hillside Farm Equipment - to fund future purchases of equipment at Hillside Farm.Insurance - to provide funds in case of calls on Councils participating in the self-insurance scheme.Southern River Contaminated Site Rehabilitation - for expenditure associated with the rehabilitation of the Southern River contaminated site.Building Construction

Local Government Elections - for expenditure associated with holding of Local Government elections.Rate Revaluation - for expenditure associated with the revaluation of properties on which council raises rates.Gosnells Town Centre Revitalisation - to fund the cost of redeveloping the Gosnells Town Centre.Plant and Equipment

- to fund replacement or new acquisition of plant and associated equipment.Walter Padbury Park

- to provide future works at Walter Padbury park as determined by Council.Sutherlands park - to fund future works at Sutherlands Park.Harmony Fields (formerly known as Maddington Golf Course) - to provide future expenditure at Harmony Fields.Administration Building Construction

- to fund expenditure on a new Administration Building.Maddington / Kenwick Revitalisation

- to fund the cost of urban renewal in Maddington Kenwick.Mills Park

- to assist with the development of Mills Park.Langford oval Redevelopment

- to assist with the development of Langford Oval from phone tower revenues.Gosnells Oval Redevelopment

- to fund Council's expenditure on Gosnells Oval from the income derived from telco tower leases.

- replacement of or work to extend the life of the Kelvin Road Refuse Disposal Site and/or funding towards entry cost to a regional site

- new or refurbished building activity & major building plant replacement.

24



6. RESERVES (Continued)

Public Open Space

Operations Centre - to fund Council's expenditure on redeveloping Gosnells operations centre .

Developer Contributions for Future Infrastructure - to fund future expenditure on developments that fall outside of a TPS or ODP.

Recreation and Culture Infrastructure - to fund future expenditure on Recreational and Cultural Infrastructure.

TPS7 - to fund expenditure on developments within the TPS site with contributions from developers .

TPS9A - to fund expenditure on developments within the TPS site with contributions from developers .





Canning Vale ODP - to fund expenditure on developments within the ODP site with contributions from developers .

ODP Southern Precinct 5 - to fund expenditure on developments within the ODP site with contributions from developers .




ODP Campbell Estate - to fund expenditure on developments within the ODP site with contributions from developers .

The timing of expenditure from reserves is varied depending upon the timing of projects

Equity transfers are movements between reserve funds.

- to fund infrastructure expenditure arising out of the need to meet our obligations in respect of contributions in lieu of Public Open Space.

Refer to the Supplementary Information for plans of the Town Planning Scheme and ODP (Outline Development Plan) areas.

25


FOR THE YEAR ENDED 30TH JUNE 20082007/08 2006/07Budget Actual

$ $NET CURRENT ASSETS

7. Composition of Estimated Net Current Asset Position

CURRENT ASSETS

Cash - Unrestricted 10,346,494 20,424,965Cash - Restricted 25,518,091 31,151,790Receivables 3,215,615 3,368,573Inventories 294,545 323,883

39,374,745 55,269,211

LESS: CURRENT LIABILITIES

Payables and Provisions (13,456,654) (12,815,300)

NET CURRENT ASSET POSITION 25,918,091 42,453,911

Less: Cash - Restricted (25,518,091) (31,151,790)

ESTIMATED SURPLUS/(DEFICIENCY) C/FWD 400,000 11,302,121

The estimated surplus/(deficiency) c/fwd in the 2006/07 actual column represents the surplus(deficit) brought forward as at 1 July 2007.

The estimated surplus/(deficiency) c/fwd in the 2007/08 budget column represents the surplus(deficit) carried forward as at 30 June 2008.

26



8. RATING INFORMATION - 2007/08 FINANCIAL YEAR

2007/08 2007/08 2007/08 2007/08 2006/07RATE TYPE Number Budgeted Budgeted Budgeted Budgeted Actual

of Rateable Rate Interim Back Total $Rate in Properties Value Revenue Rates Rates Revenue

$ $ $ $ $ $Differential General RateGRV

0.08469 464 46,534,186 (3,940,980) (100,000) 0 (4,040,980) (3,733,613) 0.13550 34 508,850 (68,949) 0 0 (68,949) (63,832) 0.16091 3 257,500 (41,434) 0 0 (41,434) (39,091) 0.08469 1 135,000 (11,433) 0 0 (11,433) (10,787) 0.08469 721 27,633,850 (2,340,311) (60,000) 0 (2,400,311) (2,182,436) 0.13550 69 948,306 (128,495) (10,000) 0 (138,495) (121,803) 0.08469 132 1,152,156 (97,576) (1,000) 0 (98,576) (92,053) 0.13550 0 0 0 0 0 0 0.10163 93 1,992,621 (202,510) 0 0 (202,510) (201,261) 0.08469 18,941 178,966,844 (15,156,702) (529,673) 0 (15,686,375) (14,146,698) 0.13550 1,399 9,389,171 (1,272,233) (100,000) 0 (1,372,233) (1,172,402) 0.10163 673 6,473,366 (657,888) (3,000) 0 (660,888) (616,205)

UV0.00154 4 5,000,000 (7,700) 0 0 (7,700) (6,459) 0.00256 242 168,245,550 (430,709) 0 0 (430,709) (370,091) 0.00205 25 76,095,000 (155,995) 0 0 (155,995) (187,564)

Sub-Totals 22,801 523,332,400 (24,512,915) (803,673) 0 (25,316,588) (22,944,295) Minimum

Minimum Rates $GRV

606 70 326,882 (42,420) 0 0 (42,420) (39,468) 606 2 2,380 (1,212) 0 0 (1,212) (2,288) 606 1 4,500 (606) 0 0 (606) (572) 606 100 607,799 (60,600) 0 0 (60,600) (57,200) 606 17 115,336 (10,302) 0 0 (10,302) (9,724) 606 14,185 89,449,096 (8,596,110) 0 0 (8,596,110) (8,117,252) 606 890 2,980,795 (539,340) 0 0 (539,340) (501,644) 606 116 603,030 (70,296) 0 0 (70,296) (68,640)

UV606 5 926,450 (3,030) 0 0 (3,030) (4,004)

Sub-Totals 15,386 95,016,268 (9,323,916) 0 0 (9,323,916) (8,800,792) (34,640,504) (31,745,087)

Specified Area Rates (Note 9) (231,182) (215,465) (34,871,686) (31,960,552)

Discounts 0 0 Totals (34,871,686) (31,960,552)

Rural GRV

Residential ImprovedResidential Vacant

Rural UV

Commercial Improved

Kennel Area Improved

Commercial VacantGolf CoursesIndustrial Improved

Residential ImprovedResidential Vacant

Rural UVRural UV Agricultural Concession

Residential Development UV

Commercial ImprovedCommercial Vacant

Rural GRV

Extractive Industry

Residential Development GRV

Golf CoursesIndustrial ImprovedIndustrial VacantKennel Area ImprovedKennel Area Vacant

27

8. RATING INFORMATION - 2007/08 FINANCIAL YEAR (Continued)

(i)

(ii)

(iii)

Objects and reasons:

The rates-in-the-dollar are calculated to provide the shortfall in income required to enable Council toprovide necessary works and services in the 2007/08 financial year.

A higher uniform rate-in-the-dollar for vacant land is applicable to all categories at 160% of the rateimposed on improved land. Council has chosen to levy this higher rate on vacant land in an effort topromote development of all properties to their full potential thereby stimulating growth anddevelopment in all areas of our community.

A higher rate-in-the-dollar has been applied to Rural GRV and Residential Development GRV becauseGross Rental Values do not take into consideration the value of larger land holdings.



Gross Rental Areas

Continuous ownership since 01 July 1986Minimum lot area of 20,200 square metres

A higher rate-in-the-dollar has been applied to Extractive Industry as Council considers it appropriategiven the impact this activity has on the road infrastructure and the environment.

Unimproved Value Areas

The rates-in-the-dollar are calculated to provide the shortfall in income required to enable Council toprovide necessary works and services in the 2007/08 financial year.

Minimum Rates

A uniform minimum rate is applied to all rate categories. The imposition of a minimum rate is inrecognition that every property receives some minimum level of benefit from services provided and assuch Council has adopted an appropriate minimum rate to take this into consideration.

Objects of, and reasons for, proposed rates

Objects of, and reasons for, proposed rates

The resident owner derives his/her livelihood from Uses include, but not limited to, grazing, dairying, tree farming, and animal husbandry.

Residential Development UVThe lower rate-in-the-dollar has been applied to rural-use properties in the Residential Development

Rural UV Agricultural ConcessionA concession of 20% off the Rural UV rate is offered to owners of rural properties who meet certaincriteria.

28



9. SPECIFIED AREA RATE - 2007/08 FINANCIAL YEAR

Rate in Basis Rateable 2007/08 Budget 2006/07$ of Value Budgeted Applied Actual

Rate Revenue to Costs $ $ $

The Avenues 0.006163 498 5,641,670 (34,770) (34,770) (33,988) Sanctuary Waters 0.005911 688 8,640,189 (51,072) (51,072) (43,508) The Reserve 0.005587 300 3,653,464 (20,412) (20,412) (20,529) Brookland Greens 0.007487 546 7,569,005 (56,669) (56,669) (62,989) Brookland Park 0.005600 308 3,494,344 (19,568) (19,568) (16,591)

The Boardwalk 0.007624 537 6,386,504 (48,691) (48,691) (37,860)

(231,182) (231,182) (215,465)

Purpose for the rate and proposed applicant of proceeds:

Description of the areas in which rates are to be applied:The Avenues Housing development known as "The Avenues" (Refer to Supplementary Information)Sanctuary Waters Housing development known as "Sanctuary Waters" (Refer to Supplementary Information)The Reserve Housing development known as "The Reserve" (Refer to Supplementary Information)Brookland Greens Housing development known as "Brookland Greens" (Refer to Supplementary Information)Brookland Park Housing development known as "Brookland Park" (Refer to Supplementary Information)The Boardwalk Housing development known as "The Boardwalk" (Refer to Supplementary Information)

10. SERVICE CHARGES - 2007/08 FINANCIAL YEAR

Nil

2007/08 2006/07Budget Actual

11. FEES & CHARGES REVENUE $ $

Governance (35,100) (34,333) General Purpose Funding (346,000) (284,082) Law, Order, Public Safety (207,750) (218,344) Health (92,055) (78,228) Education and Welfare (402,850) (319,755) Community Amenities (7,021,462) (6,618,140) Recreation & Culture (2,312,637) (2,224,899) Transport (31,000) (58,510) Economic Services (1,305,849) (1,442,512) Other Property & Services (221,250) (261,588)

(11,975,953) (11,540,391)

To recover in each Specified Area up to 25% of the park maintenance cost incurred by Council.

29



12. DISCOUNTS, INCENTIVES, CONCESSIONS, & WRITE-OFFS- 2007/08 FINANCIAL YEAR

INCENTIVE A

13. INTEREST CHARGES AND INSTALMENTS - 2007/08 FINANCIAL YEAR

2nd Instalment Due Date:3rd Instalment Due Date:4th Instalment Due Date:

LATE PAYMENT INTEREST CHARGE

Estimate of the income from the imposition of this charge is $172,705

ADMINISTRATION FEES

Estimated income from the fee is $260,000

Payment in full by the due date No feePayment of the advertised instalment plan $15.00Payment by special arrangement $25.00

October 19, 2007December 14, 2007February 8, 2008

Administration fees will be applied to the payment of rates and charges (excluding eligible pensioners) as follows:

Interest at the rate of 11% per annum will be charged on a daily basis on all rates and service charges unpaid as atthe due date.

The instalment option attracts interest calculated at the rate of 5.5% per annum charged on a daily basis on all rates and service charges. Arrears are payable in the first instalment and continue to attract penalty interest until

Inclusion in the draw will be automatic for all ratepayers who have paid their rates in full by the advertised due date of the first

Winners will be notified by mail and the results published in a newspaper circulating in the district.

Councillors and employees of the City of Gosnells and their immediate families are ineligible to enter.

Payment in full or first instalment August 24, 2007

An incentive for the early payment of rates is offered as follows:

Five prizes of $1,000 each funded by the City of Gosnells will be drawn on a random basis as an incentive for the early payment

Westpac Banking Corporation will also provide a $2,000 savings account.

30




14. COUNCILLORS’ REMUNERATION $ $

The following fees, expenses and allowances werepaid to council members and/or the president.

Meeting Fees 91,000 91,000Mayor’s Allowance 60,000 60,000Deputy Mayor's Allowance 9,000 9,000Travelling Expenses 13,500 13,500Telecommunications Allowance 18,000 18,000

191,500 191,500

15. NOTES TO THE CASH FLOW STATEMENT

(a) Reconciliation of Cash

For the purposes of the cash flow statement, cash includes cash and cash equivalents,net of outstanding bank overdrafts. Estimated cash at the end of the reporting periodis as follows:


$ $ $

Cash - Unrestricted (10,346,494) (17,008,809) (11,544,263) Cash - Restricted (25,518,091) (34,567,946) (20,590,716)

(35,864,585) (51,576,755) (32,134,979)

The following restrictions have been imposed by regulation or other externally imposed requirements:

Reserves (25,518,091) (31,151,790) (20,590,716) Unspent Grants and Loans 0 (3,416,156) 0

(25,518,091) (34,567,946) (20,590,716)

(b) Reconciliation of Net Cash Provided ByOperating Activities to Net Result

Net Result (11,076,884) (13,078,450) (9,286,334)

Amortisation (161,000) (150,000) (155,000) Depreciation (13,032,263) (13,031,765) (13,015,734) Profit/(Loss) on Sale of Asset 4,056,700 (140,913) 4,269,315 Increase/(Decrease) in Receivables 87,792 (941,712) (222,742) Increase/(Decrease) in Inventories (39,722) 61,991 (12,000) (Increase)/Decrease in Payables 2,469,229 (3,002,088) (216,180) (Increase)/Decrease in Employee Provisions (340,951) 483,049 (784,518) Grants/Contributions for the Development of Assets 10,246,998 10,956,813 6,992,929 Net Cash from Operating Activities (7,790,101) (18,843,075) (12,430,264)

(c) Undrawn Borrowing FacilitiesCredit Standby ArrangementsBank Overdraft limit 0 0 0 Bank Overdraft at Balance Date 0 0 0 Credit Card limit 30,000 30,000 30,000 Credit Card Balance at Balance Date 0 0 0 Total Amount of Credit Unused 30,000 30,000 30,000

Loan FacilitiesLoan Facilities in use at Balance Date 27,883,300 6,500,000 0

Unused Loan Facilities at Balance Date 0 3,061,480 0

31



16. TRUST FUNDS

Funds held at balance date over which the Municipality has no control and which are not included inthe financial statements are as follows:

Balance Amounts Amounts BalanceDetail 01-Jul-07 Received Paid 30-Jun-08

$ $ ($) $

BCITF Levies (100,000) (500,000) 500,000 (100,000) BRB Levies (30,000) (50,000) 50,000 (30,000)

(130,000) (130,000)

32



17a. MAJOR LAND TRANSACTIONS

Former Gosnells Library Site

(a) Details

The site is to be sold and the funds used to pay for the development of Pioneer Park


(b) Current year transactions $ $

Operating Income- Profit on sale (1,200,000) 0

Capital Income- Sale Proceeds (1,200,000) 0

Capital Expenditure- Purchase of Land 0 0 - Development Costs 0 0

0 0

(c) Expected Future Cash Flows2007/08 2008/09 2009/10 2010/11 2011/12 Total

$ $ $ $ $ $Cash Outflows- Development Costs 0 0 0 0 0 0 - Loan Repayments 0 0 0 0 0 0

0 0 0 0 0 0 Cash Inflows- Loan Proceeds 0 0 0 0 0 0 - Sale Proceeds (1,200,000) 0 0 0 0 (1,200,000)

(1,200,000) 0 0 0 0 (1,200,000)

Net Cash Flows (1,200,000) 0 0 0 0 (1,200,000)

33



17b. MAJOR LAND TRANSACTIONS

Harmony Field Redevelopment

(a) Details

Redevelopment of the former Maddington Golf Course now named Harmony Fields. The project plan allows for the construction of a pavilion, active sporting reserve and a passive reserve area.

Funding will be derived from the sale of the small parcel of land around the edges of the area for residential development and the Tonkin Highway on ramp and various small reserves within Maddington and the sale of 10 Alloa Road Maddington.



Operating Income- Profit on sale (5,385,000) 0

Capital Income- Sale Proceeds (5,385,000) 0

Capital Expenditure- Purchase of Land 0 0 - Development Costs 0 0

0 0


$ $ $ $ $ $Cash Outflows- Development Costs 0 0 0 0 0 0 - Loan Repayments 5,385,000 1,115,000 0 0 0 6,500,000

5,385,000 1,115,000 0 0 0 6,500,000 Cash Inflows- Loan Proceeds 0 0 0 0 0 0 - Sale Proceeds (5,385,000) (1,850,000) 0 0 0 (7,235,000)

(5,385,000) (1,850,000) 0 0 0 (7,235,000)

Net Cash Flows 0 (735,000) 0 0 0 (735,000)

34



17c. MAJOR LAND TRANSACTIONS

Lot 8 Corner Holmes Street and Warton Rd, Southern River Development

(a) Details

Council intends to develop the 6 Hectare site for subdivision with the profits to be used to partially offset the cost of the construction of the new Civic Centre.The initial development of the site will be funded by a loan from Treasury.



Operating Income- Profit on sale 0 0

Capital Income- Sale Proceeds 0 0

Capital Expenditure- Purchase of Land 0 0 - Development Costs 1,700,000 0

1,700,000 0


$ $ $ $ $ $Cash Outflows- Development Costs 1,700,000 8,300,000 0 0 0 10,000,000 - Loan Repayments 0 10,000,000 0 0 0 10,000,000

1,700,000 18,300,000 0 0 0 20,000,000 Cash Inflows- Loan Proceeds (1,700,000) (8,300,000) 0 0 0 (10,000,000) - Sale Proceeds (21,000,000) 0 0 0 (21,000,000)

(1,700,000) (29,300,000) 0 0 0 (31,000,000)

Net Cash Flows 0 (11,000,000) 0 0 0 (11,000,000)

18. TRADING UNDERTAKINGS AND MAJOR TRADING UNDERTAKINGS

It is not anticipated any trading undertakings or major trading undertakings will occur in 2007/08.

35

2007/2008 Statutory Statements and Notes

Supplementary Information

CITY OF GOSNELLS NOTES TO AND FORMING PART OF THE BUDGET

FOR THE YEAR ENDED 30th JUNE 2008



WY

LONGSHAW

CCT

CCTL

STEMBRIDGE

WAT

ER

PER

RY

DR

RD

RD

LONGSHAW

LONGSHAWCCT

MAL

HAM

BATMANRD

WARTON

DR

DR

WELBECK

MANDERSTONE

WY

WATERPERRYMORVILL

E PASS

WY

RD

BATSFORD

SHREEVE

RD

CR

BRAMDEAN

BRAMDEAN

CR

CHARLECOTE

WY

WATER

PERR

Y

RD

CR

PINTACLO

AMHERST

WAT

ERPE

RRY

GREENWICH

PDEW

Y

CHICLADOOCL

DR

LEIC

ESTER

CAMPBELL

THE RESERVE AND SURROUNDSSPECIFIED AREA RATE

N



SHENSTONE ROAD

WALKINGDALE PROMENADE

ROAD

MILLSTR

EAM DRIV

E

STRD

SILKW

OOD

MILLSTREAM DRIVE

PROMENADE

ROAD

GREENSCAPE ROAD

SANDMARTIN D

RIVE

MILLSTREAM

LUCIDA

DR

PL

WAL

KING

DALE

FURLEY

DR

PEDALSTONE

DR

PDE

WATERVIEW

PEDALSTONE

PARK

VIEW

WATERVIEW PDE

BOARDWALK

BLVD TREELINE PDE

ST

TROPIC MEWS

MILLSTREAM DRIVE

DRIVE

RD

BALFOUR

AZURE

STVERDE

CASA

ST

GLENORCHY

SANDMARTIN DRIVE

ST

ROAD

BUNDERA

NIGHTINGALE ROAD

WALK

RD

ARBOLLWREN

DR

GREENTREE

SANDLEFORD

BOARDWALK

GRA

BIG SPRINGS

RD

RANFORD

BEND

BLV

D

LAKEY

CAVERSHAM

WATERVIEW

PDE

THE BOARDWALK AND SURROUNDSSPECIFIED AREA RATE

N

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