Territory Stories

Alice Springs Town Council 2003/2004 Annual Report



Alice Springs Town Council 2003/2004 Annual Report

Other title

Annual report 2003/2004; Alice Springs Town Council annual report


Alice Springs Town Council


E-Publications; E-Books; PublicationNT; Annual Report




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




Alice Springs (N.T.). Council -- Periodicals; Local government -- Northern Territory -- Alice Springs -- Periodicals

Publisher name

Alice Springs Town Council

Place of publication

Alice Springs


Annual Report



File type


Copyright owner

Alice Springs Town Council

Parent handle


Citation address


Page content

Page 35 ALICE SPRINGS TOWN COUNCIL NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 30 June 2005 Special Schedule 1 - SIGNIFICANT VARIATIONS FROM ORIGINAL BUDGET Councils original budget, as varied, comprised part of the Business Plan adopted by Council on 27th June, 2005. The original projections on which the budget was based have been affected by decisions and new grant programs initiated by State and Federal Governments, by the weather, and by decisions made by the Council. This Note sets out the principal variations between the original Budget, as varied, and Actual results for the Statement of Financial Performance. Comments are given for material variances of > 10%. Further information of the nature and amount of all variations is available from the Council office upon request. 1 STATEMENT OF FINANCIAL PERFORMANCE 1.1 Materials & Contracts Councils budget is based on major costs resulting from the construction of the Civic Centre. These costs have been included in Works-in Progress and therefore are not included in the normal mix of self-constructed and contract works. 1.2 Depreciation & Amortisation Depreciation costs were not included in the budget for 2004/5 1.3 Interest Received & Paid Interest has been affected by the capitalisation of interest on borrowings and investments related to the Civic Centre Redevelopment in terms accounting standards AAS34 Borrowing Costs.

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