Territory Stories

McArthur River Mine Community Benefits Trust annual plan 2010/2011

Details:

Title

McArthur River Mine Community Benefits Trust annual plan 2010/2011

Collection

McArthur River Mine reports; Reports; PublicationNT

Date

2011

Description

Made available via the Publications (Legal Deposit) Act 2004 (NT).

Notes

This publication contains many links to external sites. These external sites may no longer be active.

Language

English

Subject

Environmental impact statements -- Australia -- McArthur River Region (N.T.)

Publisher name

McArthur River Mine Community Benefits Trust

Place of publication

McArthur River Mine

Copyright owner

Check within Publication or with content Publisher.

Parent handle

https://hdl.handle.net/10070/294497

Citation address

https://hdl.handle.net/10070/396331

Related items

https://hdl.handle.net/10070/396333

Page content

Annual Plan 2010-2011 Page 22 of 28 7 Financial Position The Trust has a significant surplus of unallocated funds from the 2010 financial year which is available for commitments in 2011. Position as at 30 June 2010 $ Cash-at-bank as at 30 June 2010 $3,967,636.37 Less approved grants for 2009/10 noted in Board minutes as having received in-principle approval (as detailed in the table below) ($1,543,000.00) Net funds available as at 30 June 2010 $2,424,636.37 The true position however, takes into account the annual investment by MRM. Based therefore on current commitments, cash-at-bank and forward obligations, the calculated cashflow position for the next year is as follows. There are no forward grant commitments beyond 2011. Cash flow position 2010/11 Cash-at-bank (30 June) $3,452,243.86 MRM annual investment $1,350,000.00 Total income $4,802,243.86 Malandari Partnership Borroloola Bulk Discounts ($543,000.00) Roper Gulf Shire Sport and Community Centre ($1,000,000.00) The Smith Family * ($205,000.00) Total commitments ($1,758,000.00) Balance $3,044,243.86 *Future payments of the grant to The Smith Family are subject to performance reviews and subsequent submissions Note: This table does not take into consideration interest earned on the funds invested.