Capital Outlays & Sales All assets, whether new or second hand, are to be included. Please note: The rule of materiality (refer to AAS5) applies with regard to asset acquisition and disposal. Only show gross capital outlays - the disposal value of any asset that has been traded-in should be identified under capital asset sales. Function descriptions are the same outlined in the VGC1 section, 7-18. Land Purchases of land (vacant or otherwise) either on the open market or (Columns 1 & 8) through compulsory acquisition. Include purchase of land for road reserves and public open spaces. Buildings Include: (Columns 2 & 9) purchase of existing buildings and dwellings. construction cost of new buildings and dwellings. expenditure on extensions and renovations which serve to enhance/increase the value of the building. Note: If a property with an existing building was purchased for its land only and that building is to be/has been demolished, this acquisition should be identified Land. Construction Expenditure on construction except for buildings above). Include (Column 3) new works and reconstruction of roads (refer Australian Standard 1348 Road and Traffic Engineering for definitions). With respect to roads – and bridges, include land clearing and earthworks, construction or reconstruction and widening of pavements, shoulders and medians. Office Equipment Expenditure on office equipment and furniture eg. computers, printers, typewriters, chairs, etc. (Columns 4 &10) Transport equipment Expenditure on equipment related to the Transport program (Columns 5 & 11) to Transport Integration Act 2010). Other All other expenditure on capital assets (Columns 6 & 12) Total The total of the above items (Columns 7 & 13)
Capital Outlays & Sales All assets, whether new or second hand, are to be included. Please note: The rule of materiality (refer to AAS5) applies with regard to asset acquisition and disposal. Only show gross capital outlays - the disposal value of any asset that has been traded-in should be identified under capital asset sales. Function descriptions are the same outlined in the VGC1 section, 7-18. Land (Columns 1 & 8) Purchases of land (vacant or otherwise) either on the open market or through compulsory acquisition. Include purchase of land for road reserves and public open spaces. Buildings (Columns 2 & 9) Include: purchase of existing buildings and dwellings. construction cost of new buildings and dwellings. expenditure on extensions and renovations which serve to enhance/increase the value of the building. Note: If a property with an existing building was purchased for its land only and that building is to be/has been demolished, this acquisition should be identified Land. Construction (Column 3) Expenditure on construction except for buildings above). Include new works and reconstruction of roads (refer Australian Standard 1348 – Road and Traffic Engineering for definitions). With respect to roads and bridges, include land clearing and earthworks, construction or reconstruction and widening of pavements, shoulders and medians. Office Equipment (Columns 4 &10) Expenditure on office equipment and furniture eg. computers, printers, typewriters, chairs, etc. Transport equipment (Columns 5 & 11) Expenditure on equipment related to the Transport program to Transport Integration Act 2010). Other (Columns 6 & 12) All other expenditure on capital assets Total (Columns 7 & 13) The total of the above items
2016-17-VGC-Questionnaire-Manual.docx