|
|
|
Note 2. Operating result attributable to Function/activities (consolidated) |
| |
| (a) Revenues, Expenses and Assets have been attributed to the following functions. |
Revenues |
Expense |
Net Surplus for the year |
| |
|
$'000 |
$'000 |
$'000 |
| Functions/Activities |
| A Connected and Accessible City |
2007/08 |
75,637 |
(96,936) |
(21,299) |
| |
2008/09 |
88,454 |
(105,891) |
(17,437) |
| Innovative and Vital Business City |
2007/08 |
2,440 |
(6,119) |
(3,679) |
| |
2008/09 |
2,080 |
(6,219) |
(4,139) |
| Inclusive and Engaging City |
2007/08 |
25,172 |
(83,326) |
(58,154) |
| |
2008/09 |
32,957 |
(94,451) |
(61,494) |
| Enviornmentally Responsible City |
2007/08 |
873 |
(19,881) |
(19,008) |
| |
2008/09 |
709 |
(20,713) |
(20,004) |
| Well-managed and Leading Corporation |
2007/08 |
40,458 |
(62,270) |
(21,812) |
| |
2008/09 |
12,641 |
(60,202) |
(47,561) |
| Financially Responsible Corporation |
2007/08 |
231,825 |
(13,866) |
217,959 |
| |
2008/09 |
208,422 |
(32,794) |
175,628 |
| Subsidiaries |
2007/08 |
113,372 |
(108,518) |
4,854 |
| |
2008/09 |
109,915 |
(105,700) |
4,215 |
| Total |
2007/08 |
489,777 |
(390,916) |
98,861 |
| 2008/09 |
455,178 |
(425,970) |
29,208 |
| |
| b) A brief description of the goal of each function is as follows: |
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A connected and accessible city
To ensure the city has accessible infrastructure and is connected to its immediate surrounds, the nation and the world.
Innovative and vital business city
To ensure business development, job growth and gateway infrastructure is strengthened by intelligence, creativity and a progressive outlook.
Inclusive and engaging city
To ensure a creative city with a strong cultural spirit, an inviting, inclusive and stimulating place for all who live, work and visit it.
Environmentally responsible city
To ensure sustainable decision-making and environmental leadership increases and improves its natural assets.
Well-managed and leading corporation
To ensure a well-managed and leading corporation recognised for its high-calibre staff, processes, products and interactions with stakeholders, the delivery of effective and accountable governance and business processes.
Financially responsible corporation
To ensure long-term sustainability through strategic planning and well-managed finances and assets.
Subsidiaries includes the following entities:
CityWide Service Solutions Pty Ltd
To meet the contract service needs of local government, other governments, and private and public sector corporations by providing a comprehensive range of quality, physical services at competitive rates.
Queen Victoria Market Pty Ltd
To ensure the market maintains and enhances an industry reputation as Australia's foremost traditional market, whilst meeting world's best practice standards.
Melbourne Wholesale Fish Market Pty Ltd
To ensure that the market is operated as a fully commercial business serving the needs of the fishing industry.
Sustainable Melbourne Fund Trust
The Sustainable Melbourne Fund (SMF) is a self-sustaining fund set up by Melbourne City Council which invests funds in projects with environmental benefits to the city. The projects may extend beyond the boundaries of the City of Melbourne to the broader state of Victoria, reflecting the position of Melbourne as the capital city of Victoria.
These entities support the City of Melbourne in providing services to the community. |
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