City of Melbourne Annual Report 2008-09
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City of Melbourne 2009/10 Annual Report
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HOME ABOUT THIS REPORT OUR CITY 12 MONTHS IN MELBOURNE OUR PERFORMANCE FINANCIALS CONTACT
City of Melbourne
Financials 2008-09
Understanding our Financials
Standard Statements
Income
Income - comparison report
Balance sheet
Balance sheet - comparison report
Cashflow - (reconciliation)
Cashflow - (reconciliation) comparison report
Cashflow
Council works
Council works - comparison report
Financial Statements
Prepared in accordance with the Local Government Act 1989, Local Government Regulations 2001, and applicable Australian Accounting Standards.
Income statement
Balance sheet
Cash flows
Changes in equity (consolidated)
Changes in equity (council)
Notes
01 Significant accounting policies
02 Operating result attributes to functions/activities
03 Revenues from ordinary activities
04 Expenses from ordinary activities
05 Trade and other receivables
06 Inventories
07 Other financial assets
08 Other current assets
09 Property, plant equipment and infrastructure
10 Intangible assets
11 Investment property
12 Trade and other payables
13 Employee benefits
14 Provisions
15 Reserves
16 Gain/(loss) on sale of fixed and intangible assets
17 Cash flow information
18 Leases and commitments
19 Contingent assets and liabilities
20 Superannuation
21 Related party transactions
22 Financial instruments
23 Financial ratios
Statement by Councillors, Chief Executive and Principal Accounting Officer
Auditor-General's Report
Five year statistics
 
Notes
For the year ended 30 June 2009
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Note 3. Revenues from ordinary activities
a)
Rates
b)
Parking Fees
c)
Finance Income
d)
Grants and other Contributions
e)
Conditions over Contributions
a) Rates back to top
Consolidated Council
2009 2008 2009 2008
$'000 $'000 $'000 $'000
General Rates
  • Residential
 50,359 44,517 50,359 44,517
  • Commercial and Retail
 116,558 109,827 116,558 109,827
Cultural and Recreational Land Rates 341 312 341 312
Supplementary Rates 3,554 2,317 3,554 2,317
Objections/Exemptions (271) (168) (271) (168)
170,541 156,804 170,541 156,804
Melbourne City Council uses 'net annual value' as the basis of valuation of all properties within the municipal district. The net annual value of a property approximates the annual net rental for a commercial property and 5 per cent of the capital improved value for a residential property. The date of the general valuation of land for rating purposes within the municipal district was 1 January 2008 and the valuation first applied to the rating period commencing 1 July 2008. The general valuation on 1 January 2008 will be applied to the rating period commencing 1 July 2009. The next general valuation is expected to be 1 January 2010 and the valuation first applied to the rating period commencing 1 July 2010.
b) Parking Fees back to top
Consolidated Council
2009 2008 2009 2008
$'000 $'000 $'000 $'000
On street parking 24,602 23,888 24,588 23,873
Off street parking 7,266 7,280 4,221 4,133
Sporting/entertainment venues 2,159 2,000 2,159 2,000
Tow away fees 1,519 1,307 1,519 1,307
35,546 34,475 32,486 31,312
c) Finance Income back to top
Consolidated Council
2009 2008 2009 2008
$'000 $'000 $'000 $'000
Interest received from Investments 7,906 8,570 7,240 7,723
Interest Due from Overdue Rates 583 656 583 656
Interest received from loan to CityWide - - 8 15
Other 306 430 1,264 118
8,795 9,656 9,095 8,512
d) Grants and other Contributions were received
in respect of the following:		 back to top
Consolidated Council
2009 2008 2009 2008
$'000 $'000 $'000 $'000
State Grants
Roads Corporation 103 98 103 98
Appropriation - Vic Grants Comm 2,026 1,204 2,026 1,204
Tobacco Act Reform Grants 34 34 34 34
School Crossing Supervisor 47 55 47 55
Pre School Services 151 102 151 102
Support Services for Families 156 140 156 140
Maternal and Child Health 304 232 304 232
Immunisation 62 93 62 93
Home and Community Serv Grant 1,672 1,574 1,672 1,574
Senior Citizens Week 4 5 4 5
Arts Grant 185 - 185 -
Flexible Respite Options Program 32 31 32 31
Drugs Program Grant 31 30 31 30
Disability Services Grant 98 95 98 95
Butt Littering Trust 1 18 1 18
Parking Levy Operating Grant 1,640 1,548 1,640 1,548
Other 1,563 2,384 1,370 2,384
8,109 7,643 7,916 7,643
Federal Grants
Federal Grant - Aged and Disability 168 145 168 145
Special Needs Subsidy Scheme 19 28 19 28
Federal Grant - Immunisation Register 21 19 21 19
Federal Grant- Other 211 425 211 425
419 617 419 617
Capital Grants
Capital Grants 6,360 2,711 6,360 2,711
Parking Levy Capital Grant 3,360 3,452 3,360 3,452
Public Open Space Contributions 1,911 787 1,911 787
11,631 6,950 11,631 6,950
Total Other
Other Contributions 667 692 667 577
Child Care Benefit 1,090 669 1,090 669
Sponsorships 771 1,449 771 1,449
2,528 2,810 2,528 2,695
Total Grants and Other Contributions 22,687 18,020 22,687 17,905
e) Conditions over Contributions back to top
Consolidated Council
2009 2008 2009 2008
$'000 $'000 $'000 $'000
(i) Grants recognised as revenues during the financial year and which were obtained on the condition that they be expended in a specific manner that had not occurred at balance date were:
Grants for capital works 570 629 570 629
Grants for other purposes 419 730 419 730
989 1,358 989 1,358
Deduct
(ii) Grants which were recognised as revenues in a prior years and which were expended during the current year in the manner specified by the grantor were:
Grants for capital works 629 3,726 629 3,726
Grants for other purposes 730 1,567 730 1,567
1,358 5,293 1,358 5,293
Net increase/(decrease) in restricted assets resulting from grant revenues for the financial year (370) (3,935) (370) (3,935)
© City of Melbourne 2009
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