Territory Stories

Alice Springs Town Council 2003/2004 Annual Report

Details:

Title

Alice Springs Town Council 2003/2004 Annual Report

Other title

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

Creator

Alice Springs Town Council

Collection

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

Date

2005

Notes

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

Language

English

Subject

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

Publisher name

Alice Springs Town Council

Place of publication

Alice Springs

Series

Annual Report

Volume

2004-2005

File type

application/pdf

Copyright owner

Alice Springs Town Council

Parent handle

https://hdl.handle.net/10070/253407

Citation address

https://hdl.handle.net/10070/538275

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.


Aboriginal and Torres Strait Islander people are advised that this website may contain the names, voices and images of people who have died, as well as other culturally sensitive content. Please be aware that some collection items may use outdated phrases or words which reflect the attitude of the creator at the time, and are now considered offensive.

We use temporary cookies on this site to provide functionality.
By continuing to use this site without changing your settings, you consent to our use of cookies.