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This statement shows how Council’s Revenue & Funding Policy impacts upon the ratepayers within the district, the users of Council services, the level of reserve balances held, and any new borrowings.

Revenue & Financing Mechanisms

The lawful mechanisms available to Council have been determined appropriate for certain activities per Council’s Revenue & Financing Policy.  The total funding requirement from each source is identified below, and is exclusive of Goods and Services Tax.

                                                             2004/2005            2005/2006
                                                                            $                           $
General Rates                                       2,059,614             2,191,000
Targeted Rates                                      1,134,121            1,202,770
User Fees & Charges                            1,036,206            1,002,879
Grants & Subsidies                                   487,721               535,633
Interest & Other                                        135,718               156,080
Development Contributions                       837,500               963,000
Reserves                                                  224,404              (14,812)
Borrowings                                              930,000               463,327
Sale of Assets                                                     -                          -
                                                               6,845,284           6,499,877

For more information on Council's rating system and how your rates are calculated, go to Rates under Special Features.