TOWN OF VICTORIA PARK FOR THE YEAR ENDED 30 JUNE 2023 4. RECONCILIATION OF CASH For the purposes of the Statement of Cash Flows, cash includes cash and cash equivalents, net of outstanding bank overdrafts. Estimated cash at the end of the reporting period is as follows:
Note
Cash at bank and on hand Term deposits Total cash and cash equivalents Held as - Unrestricted cash and cash equivalents - Restricted cash and cash equivalents
3(a) 3(a)
2022/23 Budget
2021/22 Actual
2021/22 Budget
$
$
$
15,650,763 21,000,000
20,612,470 26,000,000
9,682,559 0
36,650,763
46,612,470
9,682,559
634,835 36,015,928
2,143,905 44,468,565
7,183,112 2,499,447
36,650,763
46,612,470
9,682,559
36,015,928 0
44,468,565 0
2,499,447 31,988,890
36,015,928
44,468,565
34,488,337
33,833,280 0 2,412,000 770,648
40,296,689 989,228 2,412,000 770,648
31,548,930 0 2,939,407 0
36,015,928
44,468,565
34,488,337
7,423,209
(11,874,440)
(3,938,793)
9,951,643 (1,570,863) (154,719) 0 500,000 0 0 (500,000) (8,560,146)
10,012,922 4,213 (5,529,772) (1,373) 728,087 (923,696) (30,538) (375,586) (2,197,531)
9,468,200 (1,486,163) 0 0 0 0 0 0 (10,672,395)
6,089,124
(10,187,714)
(6,629,151)
Restrictions The following classes of assets have restrictions imposed by regulations or other externally imposed requirements which limit or direct the purpose for which the resources may be used: - Cash and cash equivalents - Restricted financial assets at amortised cost - term deposits
3(a)
The restricted assets are a result of the following specific purposes to which the assets may be used: Financially backed reserves Unspent borrowings Contract liabilities Other provisions
9 7(c)
Reconciliation of net cash provided by operating activities to net result Net result Depreciation (Profit)/loss on sale of asset (Increase)/decrease in receivables (Increase)/decrease in inventories Increase/(decrease) in payables Increase/(decrease) in contract liabilities Increase/(decrease) in other provision Increase/(decrease) in employee provisions Non-operating grants, subsidies and contributions
6 5(b)
Net cash from operating activities
ANNUAL BUDGET 2022-2023 TOWN OF VICTORIA PARK
19
