2012-2013 2012-2013 2013-2014 to Prior Budget $M $M $M Fav/(Unfav) $M Recurrent Income 262.2 254.0 275.7 13.5 Expenditure 262.0 267.9 274.7 12.7 Recurrent Surplus / (Deficit) 0.2 (13.9) 1.0 0.8 Non-Recurrent Income 50.1 61.3 49.3 (0.8) Expenditure 7.0 3.7 3.7 3.3 Non-Recurrent Surplus / (Deficit) 43.1 57.6 45.6 2.5 Net Surplus / (Deficit) 43.3 43.7 46.6 3.3 Capital Expenditure 91.2 83.8 (7.4) Council Income The following summarises the main sources of income. Council’s 2013-2014 Council Income - $275.7 million (Prior year $262.2 million) Prior Year 2013-2014 $M $M Rates and Charges 160.3 170.7 Government Grants 41.4 42.3 Fees and Charges 58.4 61.0 Interest on Investments 2.1 1.7 Rate revenue is 62 per cent of total revenue and reflects an overall 4.45 per cent rate increase for average residential ratepayers and a lift in the Garbage charge from $226.00 to $234.50 per tenement. Municipal charge increases from $86.33 to $88.90 per property. Council Services The following provides an overview of 2013-2014 expenditure on the diversity of services Council’s provided to residents. Gross Expenditure on Council Services - $274.7 million (Prior year $262.0 million) Prior Year 2013-2014 $M $M Corporate Services and Chief Executive 42.4 43.2 City Services 101.8 108.1 Community Services 66.9 70.3 Projects, Recreation and Central Geelong 38.2 39.0 Economic Development, Planning and 12.7 14.1 Tourism Infrastructure Maintenance The 2013-2014 Budget continues the trend of increasing expenditure for infrastructure maintenance in recognition of the need to address ageing infrastructure. Council’s 2008-2009 2009-2010 2010-2011 2011-2012 2012-2013 2013-2014 Budget Budget Budget Budget Budget Budget $M $M $M $M $M $M
2012-2013 $M 2012-2013 $M 2013-2014 $M to Prior Budget Fav/(Unfav) $M Recurrent Income 262.2 254.0 275.7 13.5 Expenditure 262.0 267.9 274.7 12.7 Recurrent Surplus / (Deficit) 0.2 (13.9) 1.0 0.8 Non-Recurrent Income 50.1 61.3 49.3 (0.8) Expenditure 7.0 3.7 3.7 3.3 Non-Recurrent Surplus / (Deficit) 43.1 57.6 45.6 2.5 Net Surplus / (Deficit) 43.3 43.7 46.6 3.3 Capital Expenditure 91.2 83.8 (7.4) Council Income The following summarises the main sources of Council’s income. 2013-2014 Council Income - $275.7 million (Prior year $262.2 million) Prior Year $M 2013-2014 $M Rates and Charges 160.3 170.7 Government Grants 41.4 42.3 Fees and Charges 58.4 61.0 Interest on Investments 2.1 1.7 Rate revenue is 62 per cent of total revenue and reflects an overall 4.45 per cent rate increase for average residential ratepayers and a lift in the Garbage charge from $226.00 to $234.50 per tenement. Municipal charge increases from $86.33 to $88.90 per property. Council Services The following provides an overview of Council’s 2013-2014 expenditure on the diversity of services provided to residents. Gross Expenditure on Council Services - $274.7 million (Prior year $262.0 million) Prior Year $M 2013-2014 $M Corporate Services and Chief Executive 42.4 43.2 City Services 101.8 108.1 Community Services 66.9 70.3 Projects, Recreation and Central Geelong 38.2 39.0 Economic Development, Planning and Tourism 12.7 14.1 Infrastructure Maintenance The 2013-2014 Budget continues the trend of increasing expenditure for infrastructure maintenance in recognition of the need to address Council’s ageing infrastructure. 2008-2009 Budget $M 2009-2010 Budget $M 2010-2011 Budget $M 2011-2012 Budget $M 2012-2013 Budget $M 2013-2014 Budget $M
8d01de4a98c866f-City%20Plan%202013-2017%20Draft.docx