Employee Benefits Includes all labour related expenditure for staff (full-time, part-time and casual) and the Mayor and Councillors allowances (Column 1) and salaries and on-costs (include allowances, salary package components such as cars etc) leave entitlements - annual leave and long service leave superannuation rostered days off, overtime, etc fringe benefits tax and work cover redundancy Mayor and Councillor allowances Superannuation refers to superannuation expenses accrued under – a funded scheme for services provided by employees in the current period. A funded scheme is a separately constituted legal entity into which an employer contributes, on a regular basis, an amount actuarially determined to fully fund future superannuation liabilities. Where possible, provide superannuation by function area, otherwise include in Governance. Materials Includes the purchases of consumables, payments of contractors for the provision of services and utility costs. Costs of works undertaken and Services on behalf of VicRoads should be included. (Column 2) Depreciation Depreciation and amortisation expenses associated with the use of a Council controlled asset. and Amortisation (Column 3) Finance Costs Includes borrowing costs relating to interest charged by financial institutions on funds borrowed such as bank overdraft charges, interest (Column 4) on borrowings and interest of finance leases. Other Recurrent All other expenses related to a range of unclassified items including contributions to community groups, advertising, insurances, motor Expenses vehicle registrations and other miscellaneous expenditure items. Bad (Column 5) and doubtful debts are also included in this category. If in doubt whether expenses are other expenses or materials and services, place them in materials and services category. Expenditure Total of all of the above expenses columns. (Column 6) This should reconcile with the Income Statement. Revenue column headings Revenue
Employee Benefits (Column 1) Includes all labour related expenditure for staff (full-time, part-time and casual) and the Mayor and Councillors allowances and salaries and on-costs (include allowances, salary package components such as cars etc) leave entitlements - annual leave and long service leave superannuation rostered days off, overtime, etc fringe benefits tax and work cover redundancy Mayor and Councillor allowances Superannuation – refers to superannuation expenses accrued under a funded scheme for services provided by employees in the current period. A funded scheme is a separately constituted legal entity into which an employer contributes, on a regular basis, an amount actuarially determined to fully fund future superannuation liabilities. Where possible, provide superannuation by function area, otherwise include in Governance. Materials and Services (Column 2) Includes the purchases of consumables, payments of contractors for the provision of services and utility costs. Costs of works undertaken on behalf of VicRoads should be included. Depreciation and Amortisation (Column 3) Depreciation and amortisation expenses associated with the use of a Council controlled asset. Finance Costs (Column 4) Includes borrowing costs relating to interest charged by financial institutions on funds borrowed such as bank overdraft charges, interest on borrowings and interest of finance leases. Other Recurrent Expenses (Column 5) All other expenses related to a range of unclassified items including contributions to community groups, advertising, insurances, motor vehicle registrations and other miscellaneous expenditure items. Bad and doubtful debts are also included in this category. If in doubt whether expenses are other expenses or materials and services, place them in materials and services category. Expenditure (Column 6) Total of all of the above expenses columns. This should reconcile with the Income Statement. Revenue column headings Revenue
2016-17-VGC-Questionnaire-Manual.docx