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TOWN OF VICTORIA PARK NOTES TO AND FORMING PART OF THE FINANCIAL REPORT FOR THE YEAR ENDED 30 JUNE 2022
25.RATE SETTING STATEMENT INFORMATION
(a) Non-cash amounts excluded from operating activities
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The following non-cash revenue or expenditure has been excluded from amounts attributable to operating activities within the Rate Setting Statement in accordance with Financial Management Regulation 32.
(b) Surplus/(deficit) after imposition of general rates
The following current assets and liabilities have been excluded from the net current assets used in the Rate Setting Statement in accordance with Financial Management Regulation 32 to agree to the surplus/(deficit) after imposition of general rates.
Town Of Victoria Park
Notes To And Forming Part Of The Financial Report For The Year Ended 30 June 2022
26.BORROWING AND LEASE LIABILITIES
(a) Borrowings- Principal Repayments
* All the borrowings are obtained from the WA Treasury Corporation (WATC) All Underground Power loan repayments funded by UGP service charges All other loan repayments were financed by general purpose revenue
(b) Borrowings- Interest Repayments
TOWN OF VICTORIA PARK NOTES TO AND FORMING PART OF THE FINANCIAL REPORT FOR THE YEAR ENDED 30 JUNE 2022
26.BORROWING AND LEASE LIABILITIES (Continued)
(c)
Town Of Victoria Park Notes To And Forming Part Of The Financial Report For The Year Ended 30 June 2022
Reserve Accounts
All reserves are supported by cash and cash equivalents and financial assets at amortised cost and are restricted within equity as Reserves - cash/financial
In accordance with Council resolutions or adopted budget in relation to each reserve account, the purpose for which the reserves are set aside
