Finance
Budget
Budget – FY 2020-21 and FY 2021-22
|
Operating Statement |
2020-21 |
2021-22 |
|
|---|---|---|---|
|
Budget |
Revised |
Budget |
|
|
Expenses Excluding Losses |
|
|
|
|
Operating Expenses - |
|
|
|
|
Employee Related |
7,523 |
9,936 |
17,619 |
|
Other Operating Expenses |
14,676 |
12,764 |
17,875 |
|
Grants and Subsidies |
100 |
- |
36,339 |
|
Depreciation and Amortisation |
282 |
422 |
898 |
|
Finance Costs |
9 |
8 |
9 |
|
Other Expenses |
6 |
- |
708 |
|
TOTAL EXPENSES EXCLUDING LOSSES |
22,596 |
23,131 |
73,448 |
|
Revenue |
|
|
|
|
Cluster Grant Revenue |
37,596 |
31,000 |
149,684 |
|
Acceptance by Crown Entity of Employee Benefits |
- |
841 |
- |
|
Grants and Contributions |
293,000 |
- |
- |
|
TOTAL REVENUE |
330,596 |
31,841 |
149,684 |
|
Gain/(Loss) on Disposal of Non Current Assets |
- |
(6) |
- |
|
NET RESULT |
308,000 |
8,705 |
76,236 |
|
|
|||
|
Capital Budget (Major and Minor Works) |
2020-21 |
2021-22 |
|
|
Budget |
Revised |
Budget |
|
|
Total Capital budget |
15,000 |
8,255 |
76,068 |
Per Administrative Arrangements (Administrative Changes -Transfer of Staff to Western City and Aerotropolis Authority Staff Agency) Order 2020 effective 16 October 2020, persons employed in the Western Sydney City Deal Delivery Office of the Greater Sydney Commission Staff Agency and persons employed in the Western Sydney Investment Attraction Office of the Treasury were transferred to the Western Parkland City Authority Staff Agency.
Effective, 11 December 2020, per Schedule 1 of the Statute Law (Miscellaneous Provisions Act) 2020 No 30, the Western City and Aerotropolis Authority was renamed to the Western Parkland City Authority.
Per Administrative Arrangements (Administrative Changes—Miscellaneous) Order 2021, dated 26 March 2021 and effective 29 March 2021, the Western Parkland City Authority was transferred from the NSW Treasury Cluster into the NSW Premier and Cabinet Cluster.
Account payment performance
|
Aged analysis at the end of each quarter 2020-2021 |
|||||
|---|---|---|---|---|---|
|
All suppliers |
|||||
|
Quarter |
Current (within due date) ($) overdue (4) |
<30 days overdue ($) |
30-60 days |
61-90 days overdue ($) |
90+ days overdue ($) |
|
Sep-20 |
2,492,380 |
1,428,025 |
16,018 |
39,099 |
806,105 |
|
Dec-20 |
1,983,728 |
477,824 |
226,271 |
18,879 |
92,523 |
|
Mar-21 |
2,227,321 |
453,323 |
270,155 |
16,666 |
35,506 |
|
Jun-21 |
24,583,678 |
1,009,815 |
11,529,779 |
18,943 |
39,908 |
|
Accounts due or paid within each quarter 2020-2021 |
|||||
|---|---|---|---|---|---|
|
Measure |
Total 2020-21 |
Sep-20 |
Dec-20 |
Mar-21 |
Jun-21 |
|
All suppliers |
|||||
|
Number of accounts due for payment |
892 |
294.00 |
163.00 |
191.00 |
244.00 |
|
Number of accounts paid on time |
672 |
228.00 |
130.00 |
146.00 |
168.00 |
|
Actual % of accounts paid on time (based on number of accounts) |
75% |
78% |
80% |
76% |
69% |
|
Dollar amount of accounts due for payment |
47,765,943 |
4,781,627 |
2,799,224 |
3,002,970 |
37,182,122 |
|
Dollar amount of accounts paid on time |
31,287,104 |
2,492,379 |
1,983,728 |
2,227,320 |
24,583,677 |
|
Actual % of accounts paid on time (based on $) |
66% |
52% |
71% |
74% |
66% |
|
Accounts due or paid within each quarter 2020-2021 |
|||||
|---|---|---|---|---|---|
|
Measure |
Total 2020-21 |
Sep-20 |
Dec-20 |
Mar-21 |
Jun-21 |
|
Small business suppliers |
|||||
|
Number of accounts due for payment |
49 |
15 |
7 |
13 |
14 |
|
Number of accounts paid on time |
6 |
5 |
- |
- |
1 |
|
Actual % of accounts paid on time (based on number of accounts) |
12% |
33% |
0% |
0% |
7% |
|
Dollar amount of accounts due for payment |
1,544,163 |
292,541 |
433,609 |
496,009 |
322,004 |
|
Dollar amount of accounts paid on time |
61,771 |
56,996 |
0 |
0 |
4,775 |
|
Actual % of accounts paid on time (based on $) |
4% |
19% |
0% |
0% |
1% |
|
Number of payments for interest on overdue accounts |
0 |
0 |
0 |
0 |
0 |
|
Interest paid on overdue accounts |
0 |
0 |
0 |
0 |
0 |
Time for Payment of accounts
No interest was paid due to late payments.
Disclosure of controlled entities
The Authority has the Western Parkland City Authority Staff Agency as a controlled entity.
Disclosure of subsidiaries
The Authority 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 |
4 |
103,470 |
Consultancies of value equal or more than $50,000
|
Consultant |
Nature of services |
Cost ($) |
|
Fairway Boulevard Pty Ltd |
Project Director / Advisor for Multiutilities Project |
156,625 |
|
Commonwealth Scientific and Industrial Research Organisation |
Economic and Spatial Analysis |
224,863 |
|
Nous Group Pty Ltd |
NETM Micro-Credential Concept Design |
390,538 |
Land disposal
The Authority did not dispose of any land during the reporting period.
Funds granted to non-government organisations
The Authority did not grant any funds to non-government organisations in the reporting period.
Events after the reporting period
On 6th September 2021, the Authority completed the transfer of land at North Bringelly from the Commonwealth Government for a cash consideration of $293m, excluding GST.
Economic or other factors
There are no economic or other factors affecting the achievement of operational objectives to report.
Overseas visits
Due to COVID 19 restrictions and the closure of borders, there were no overseas visits during the reporting period.