Conversion to Cash Result Refer to Appendix B for Council’s estimated cash result in the Conversion to Cash Result Statement over the full ten-year period. The below table is an extract in the shorter term.
LONG TERM FINANCIAL PLAN 2022 - 2031
Description
Net operating result
Budget
Forecast
Forecast
2021-22
2022-23
2023-24
$'000
$'000
$'000
31,405
28,119
25,558
63,362
65,619
66,250
3,372
4,083
5,505
(6,120)
(15,000)
(15,000)
Add (less) cash costs not included in operating result Capital expenditure Loan repayments Loan proceeds Repayment of lease liabilities Transfer from reserves Transfer to reserves Sub total
689
710
731
(11,734)
(9,323)
(12,174)
6,078
6,895
5,792
55,647
52,984
51,104
33,277
33,943
34,621
604
617
635
60
4
301
301
Add (less) non-cash costs included in operating result Depreciation Amortisation - right of use assets Amortisation - intangible assets Written down value of assets sold Contributions - non-monetary Sub total Surplus (deficit) for the year
290
(10,000)
(10,000)
(10,000)
24,242
24,865
25,546
-
-
-
Cash surplus revenue and expenditure Capital expenditure Capital expenditure amounts included in this LTFP are in accordance with the proposed works forecast in the Statement of Capital Works (refer Appendix F). Loan repayments Loan repayments are forecast in accordance with the agreed repayment schedules for existing loans. Annual loan repayments start at $3.4 million in the first year of this LTFP, climbing to over $7 million in years five to nine, dropping to $6.3 million in the final year. This is as a result of the proposed $6.12 million new borrowings in 2021-22 followed by $30 million to be split evenly over the 2022-23 and 2023-24 financial years in order to fund two of Council’s major capital projects (Keysborough South Community Hub and the redevelopment of Dandenong Oasis).
LONG TERM FINANCIAL PLAN 2022 - 2031 CITY OF GREATER DANDENONG
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