Funding our four-year delivery Four-year financials
current year adopted budget draft budget (year 1) forecast budget (years 2-4)
Income Statement Current
Year 1
Year 2
Year 3
Year 4
2021/22
2022/23
2023/24
$‘000
$‘000
$‘000
$‘000
$‘000
Rates and annual charges
198,945
208,307
212,890
217,786
223,230
User charges and fees
94,322
102,132
112,337
118,519
122,424
Interest and investment revenue
5,843
5,391
6,736
8,605
10,203
Other revenues
11,432
10,356
10,597
10,995
11,265
Grants and contributions provided for operating purposes
16,317
16,687
18,054
18,534
18,961
Grants and contributions provided for capital purposes
13,745
33,762
34,504
35,298
36,110
Other income
4,072
4,007
4,800
5,760
5,892
344,676
380,642
399,918
415,497
428,085
Employee benefits and on-costs
117,162
125,271
129,037
132,970
136,934
Borrowing costs
3,556
3,773
3,913
3,591
3,261
102,646
104,359
107,927
112,819
114,001
2024/25 2025/26
Income from continuing operations
Total income from continuing operations Expenses from continuing operations
Materials and services Depreciation and amortisation
58,428
63,407
67,454
69,313
71,206
Other expenses
43,601
44,650
49,941
51,109
50,285
4,328
4,149
6,940
7,100
7,263
329,721
345,609
365,212
376,902
382,950
14,955
35,033
34,706
38,595
45,135
1,210
1,271
202
3,297
9,025
Net losses from the disposal of assets Total expenses from continuing operations
City of Newcastle
Operating result from continuing operations
40
Net operating result for the year before grants and contributions provided for capital purposes
