Finance
Budget
Budget — FY 2021–22 and FY2022–23
|
Operating Statement |
2021–22 |
2022–23 |
||||
|
Budget |
Revised |
Budget |
||||
|
Expenses Excluding Losses |
||||||
|
Operating Expenses – |
||||||
|
Employee Related |
17,619 |
14,241 |
21,504 |
|||
|
Personnel Services Expenses |
– |
– |
– |
|||
|
Other Operating Expenses |
17,875 |
19,635 |
33,492 |
|||
|
Grants and Subsidies |
36,339 |
39,539 |
26,664 |
|||
|
Appropriation Expenses |
– |
– |
– |
|||
|
Depreciation and Amortisation |
898 |
475 |
1,547 |
|||
|
Finance Costs |
9 |
8 |
– |
|||
|
Other Expenses |
708 |
– |
737 |
|||
|
TOTAL EXPENSES EXCLUDING LOSSES |
73,448 |
73,899 |
83,944 |
|||
|
Revenue |
||||||
|
Appropriation Revenue |
0 |
– |
0 |
|||
|
Cluster Grant Revenue |
149,684 |
356,156 |
250,310 |
|||
|
Acceptance by Crown Entity of Employee Benefits and Other Liabilities |
– |
382 |
– |
|||
|
Transfers to the Crown Entity |
– |
– |
– |
|||
|
Sales of Goods and Services |
– |
0 |
– |
|||
|
Grants and Contributions |
– |
4,745 |
11,224 |
|||
|
Investment Revenue |
– |
– |
– |
|||
|
Retained Taxes, Fees and Fines |
– |
– |
– |
|||
|
Other Revenue |
– |
– |
– |
|||
|
TOTAL REVENUE |
149,684 |
361,283 |
261,534 |
|||
|
Gain/(Loss) on Disposal of Non Current Assets |
– |
– |
– |
|||
|
Other Gains/(Losses) |
– |
– |
– |
|||
|
NET RESULT |
76,236 |
287,384 |
177,590 |
|||
|
|
2021–22 |
2022–23 |
|||||
|
Budget |
Revised |
Budget |
|||||
|
Total Capital budget |
76,068 |
316,450 |
170,709 |
||||
Account payment performance
|
Aged analysis at the end of each quarter 2021–22 |
|||||
|
All suppliers |
|||||
|
Quarter |
Current (within due date) ($) overdue (4) |
<30 days overdue ($) |
30-60 days |
61-90 days overdue ($) |
90+ days overdue ($) |
|
Sep-21 |
324,799,864.81 |
1,358,845.83 |
335,158.28 |
40,596.87 |
69,945.83 |
|
Dec-21 |
6,441,709.09 |
1,213,389.46 |
358,886.24 |
60,901.24 |
78,379.64 |
|
Mar-22 |
2,227,320.66 |
453,322.65 |
270,155.37 |
16,665.78 |
35,505.98 |
|
Jun-22 |
7,335,470.78 |
609,891.81 |
– |
– |
– |
|
Accounts due or paid within each quarter 2021–22 |
|||||
|
Measure |
Total 2021–22 |
Sep-21 |
Dec-21 |
Mar-22 |
Jun-22 |
|
All suppliers |
|||||
|
Number of accounts due for payment |
1,087 |
199 |
334 |
191 |
363 |
|
Number of accounts paid on time |
841 |
114 |
235 |
146 |
346 |
|
Actual % of accounts paid on time (based on number of accounts) |
77% |
57% |
70% |
76% |
95% |
|
Dollar amount of accounts due |
345,706,010 |
326,604,412 |
8,153,266 |
3,002,970 |
7,945,363 |
|
Dollar amount of accounts paid |
340,804,365 |
324,799,865 |
6,441,709 |
2,227,321 |
7,335,471 |
|
Actual % of accounts paid on |
99% |
99% |
79% |
74% |
92% |
|
Accounts due or paid within each quarter 2021–22 |
|||||
|
Measure |
Total 2021–22 |
Sep-21 |
Dec-21 |
Mar-22 |
Jun-22 |
|
Small business suppliers |
|||||
|
Number of accounts due for payment |
49 |
4 |
17 |
13 |
15 |
|
Number of accounts paid on time |
11 |
1 |
1 |
0 |
9 |
|
Actual % of accounts paid on time (based on number of accounts) |
22% |
25% |
6% |
0% |
60% |
|
Dollar amount of accounts due for payment |
1,478,649 |
110,808 |
466,771 |
496,009 |
405,060 |
|
Dollar amount of accounts paid on time |
294,323 |
3,096 |
48,642 |
0 |
242,585 |
|
Actual % of accounts paid on time (based on $) |
20% |
3% |
10% |
0% |
60% |
|
Number of payments for interest on overdue accounts |
0 |
0 |
0 |
0 |
0 |
|
Interest paid on overdue accounts |
0 |
0 |
0 |
0 |
0 |
Note: The Western Parkland City Authority is working toward a target of 5 days payment terms for small business suppliers. Payment terms for other businesses are 30 days.
Time for Payment of accounts
No interest was paid due to late payments.
Disclosure of controlled entities
The WPCA has the Western Parkland City Authority Staff Agency as a controlled entity.
Disclosure of subsidiaries
The WPCA has statutory powers to establish subsidiary corporations but has not exercised these powers.
Consultancies
Consultancies of value less than $50,000
|
Nature of services |
Number of engagements |
Cost ($) |
|
Commercial advisory services and Strategic Advisory Consultancy Services |
7 |
177,005.00 |
Consultancies of value equal or more than $50,000
|
Consultant |
Nature of services |
Cost ($) |
|
Fairway Boulevard Pty Ltd |
Project Director / Advisor for Multiutilities Project |
228,000.00 |
|
Paxon Consulting Group Pty Ltd |
Commercial and procurement advisor for the delivery of facilities and assets for the Bradfield City Centre. |
134,700.00 |
|
Pegg Property Consulting |
Property Services Advisor for leading negotiations with the CSIRO and a member of the WPCA Development Advisory Services Panel. |
186,175.13 |
Land disposal
The WPCA did not dispose of any land during the reporting period.
Funds granted to non-government organisations
The WPCA did not grant any funds to non-government organisations in the reporting period.
Events after the reporting period
There have been no other significant events occurring after the reporting period which may affect either the WPCA’s operations or results of those operations or the WPCA’s state of affairs.
Economic or other factors
There are no economic or other factors affecting the achievement of operational objectives to report.
Overseas visits
There were no overseas visits during the reporting period.