ILLAWARRA DISTRICT (NOXIOUS) WEEDS AUTHORITY

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Spencer McDowell
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1 ILLAWARRA DISTRICT (NOXIOUS) WEEDS AUTHORITY ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED 30TH JUNE, 2017

2 INCOME STATEMENT Actual Actual REVENUE FROM CONTINUING OPERATIONS Notes $c $c Constituent Council Contributions 2(a) 142, , Interest 2(b) 27, , Grants & contributions for non capital purposes 2(d) 122, , Grants & contributions for non capital purposes 2(e) Gain from the sale of assets 4 6, Other revenues from ordinary activities 2(c) 57, , TOTAL REVENUES FROM CONTINUING OPERATIONS 356, , EXPENSES FROM CONTINUING OPERATIONS Employee Costs 3(a) 243, , Borrowing Costs 3(b) Depreciation and Amortisation 3(c) 23, , Loss from the disposal of assets Other expenses from ordinary activities 3(d) 108, , TOTAL EXPENSES FROM CONTINUING OPERATIONS 375, , NET OPERATING RESULT FOR YEAR (18,734.29) 70,198.91

3 STATEMENT OF FINANCIAL POSITION as at 30th June 2017 ASSETS Notes $s $s CURRENT ASSETS Cash assets 5 840, , Investment securities Receivables Inventories Other TOTAL CURRENT ASSETS 840, , NON - CURRENT ASSETS Investment securities Receivables Inventories Other Property, plant and equipment 6 142, , TOTAL NON-CURRENT ASSETS 142, , TOTAL ASSETS 983, , LIABILITIES CURRENT LIABILITIES Payables Interest Bearing Liabilities Provisions 7 190, , TOTAL CURRENT LIABILITIES 190, , NON - CURRENT LIABILITIES Payables Interest bearing liabilities Provisions TOTAL NON- CURRENT LIABILITIES TOTAL LIABILITIES 190, , NET ASSETS 793, , EQUITY Accumulated Surplus 793, , Asset Revaluation Reserve TOTAL EQUITY 793, ,193.80

4 STATEMENT OF CHANGES IN EQUITY $c $c Asset Asset Accum Revaluation Total Accum Revaluation Total Surplus Reserve Equity Surplus Reserve Equity Balance at beginning of the period 812, , , , Change in net assets resulting from (18,734.29) , , , operations Other adjustments Transfers to asset reval. Reserve Transfers from asset reval.reserve Balance at end of reporting period 793, , , ,193.80

5 NOTE 1 STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES This financial report is a special purpose financial report prepared in order to satisfy the financial report preparation requirements of the Southern Councils Group. The member Councils have determined that the Group is not a reporting entity. The Management Committee has determined that the accounting policies adopted are appropriate to meet the needs of the member Councils. The financial report does not comply with International Financial Reporting Standards. It has been prepared on an accruals basis and is based on historic costs and does not take into account changing money values or, except where specifically stated, current valuations of non-current assets. The reporting layout is consistent with the requirements for Local Government authorities in New South Wales. The following specific accounting policies, which are consistent with the previous period unless otherwise stated, have been adopted in the preparation of this financial report: Investments Investments are brought to account at cost. Dividends and interests are brought to account when received. Property, Plant and Equipment All assets have been revalued to Fair Value. All assets, excluding freehold land, are depreciated over their useful lives.

6 NOTE 2 REVENUES FROM CONTINUING OPERATIONS Actual Actual $c $c (a) CONSTITUENT COUNCIL CONTRIBUTION: I.D.N.W.A: Wollongong City Council Kiama Council Shellharbour Council NSW WAP: Wollongong City Council 65, , Kiama Council 35, , Shellharbour Council 42, , TOTAL USER CHARGES 142, , (b) INTEREST Interest on Investments - I.D.N.W.A 26, , Interest on Investments - Bitou Bush Task Force TOTAL INTEREST REVENUE 27, , (c) OTHER REVENUES I.D.N.W.A: Private Works 51, , Motor Vehicle Leaseback 4, , Inspection fees Certificates Penalty Notice Sundry Sundry - Grow Me Instead Sundry - SRCMA Bitou Bush Prog TOTAL OTHER REVENUE FROM CONTINUING OPERATIONS 57, , (d) GRANTS & CONTRIBUTIONS Grant - General Purpose - NSW Dept.Primary Industry 84, , Grant - CFC Boneseed Program 17, , Grant - CFC Aquatic Weeds Program 12, Grant - Bitou Bush Program - SRCMA Grant - V.C.L. Prog. 4, , Grant - IDNWA Regional Group Prog Grant - Contain & Connect Program 5, , TOTAL GRANTS & CONTRIBUTIONS 122, ,809.00

7 NOTE 3 EXPENSES FROM CONTINUING OPERATIONS Actual Actual (a) EMPLOYEE COSTS $c $c I.D.N.W.A. Salaries and Wages - Administration 19, , Private Works 26, , Employee Leave Entitlements 20, , Workers Compensation Insurance 8, , Superannuation 18, , Fringe Benefits Taxation , Category A & B Weeds: Salaries and Wages - Property Inspections 37, , African Lovegrass Alligator Weed , Bitou Bush , Boneseed Chilean Needle Grass Gorse , Coolatai Grass 4, , Groundsel Bush 2, , Ludwigia Mysore Thorn 2, , Giant Parramatta Grass 9, , Sea Spurge Serrated Tussock Spiny Burr Grass St Johns Wort Salvinia Senegal Tea Plant Scotch/English Broom Water Hyacinth Category C & D Weeds: Salaries and Wages - Property Inspections 17, , African Boxthorn Blackberry 5, , Pampas Grass Prickly Pear Rhus Tree African Lovegrass Bitou Bush 11, , Lantana Common Pink 1, NWC - WAP Priorities: Salaries and Wages - NRM Integration 3, , Administration 20, , Publicity 1, , Training 4, , Invasive Weeds 1, , High Risk Pathways 7, , Training Costs SOTS Bitou Bush Program: Salaries and Wages - Property Inspections , Boneseed 3, , Admin 1, LLS Contain & Connect Program: Salaries and Wages - Weed Control 1, SOTS Alligator Weed Program Salaries and Wages - Property Inspections 3, Workers Comp Superannuation Weed Control 3, TOTAL EMPLOYEE COSTS EXPENSED 243, ,568.15

8 NOTE 3 Cont. Actual Actual (b) BORROWING COST EXPENSE $s $s Interest on Loans TOTAL BORROWING COSTS EXPENSED (c) DEPRECIATION Vehicles 14, , Plant & Equipment 4, , Office Equip, Furniture & Fittings 4, TOTAL DEPRECIATION COSTS EXPENSED 23, , (d) OTHER EXPENSES I.D.N.W.A. Administration: Audit Fees Legal Expenses Insurance 2, , Admin. Fee - I.R.O.C. 8, , Admin. Fee - Kiama Council 9, , Sundry Expenses , , , I.D.N.W.A. Office Expenses: Printing & Stationery Telephone 3, , Postage Photocopying Rent 2, , Office Equipment Advertising , , I.D.N.W.A. Other: Vehicle Running Costs 35, , Plant & Equipment M. & R Chemicals 12, , Contracts 6, , Protective Clothing/Safety Equipment , Catering Private Works Materials , , , I.D.N.W.A. Computer Expenses Maintenance - Computers Contribution - Computer Bureau V.C.L. Program Other Expenses: Contractors 11, , VCL Project - IDNWA 3, , Chemicals , , SOTS Alligator Weed Program Contractor Charges 5, Chemicals , SOTS Bitou Bush Program Contractor Charges 3, Chemicals , CFC Aquatic Weed Control Other Expenses: Aquatic Weed Control (IDNWA) NWC - WAP Priorities: Materials Travel LLS Contain and Connect Expenses: Chemicals Contractor Charges , TOTAL OTHER EXPENSES FROM CONTINUING OPERATIONS 108, ,901.25

9 NOTE 4 GAIN OR LOSS ON DISPOSAL OF ASSETS GAIN ( OR LOSS ) ON DISPOSAL OF BUILDINGS Actual Actual $ $ Proceeds from disposal Less: Carrying amount of assets sold Gain ( or Loss ) on disposal - - GAIN ( OR LOSS ) ON DISPOSAL OF VEHICLES Proceeds from disposal 31, Less: Carrying amount of assets sold 24, Gain ( or Loss ) on disposal 6, GAIN ( OR LOSS ) ON DISPOSAL OF PLANT,EQUIP,OFFICE FURN & FITTINGS Proceeds from disposal Less: Carrying amount of assets sold Gain ( or Loss ) on disposal - - NET GAIN ( OR LOSS ) ON DISPOSAL OF ASSETS 6,

10 NOTE 5 CASH ASSETS AND INVESTMENT SECURITIES Actual Actual Current Non-Current Current Non-Current $s $s $s $s CASH ASSETS Cash on Hand and at Bank 840, , TOTAL CASH 840, , INVESTMENTS TOTAL INVESTMENTS TOTAL CASH, CASH EQUIVALENTS AND INVESTMENTS 840, , RESTRICTED CASH, CASH EQUIVALENTS AND INVESTMENTS SUMMARY Purpose Current Non-Current Current Non-Current $s $s $s $s EXTERNAL RESTRICTIONS Included in liabilities (offset liabilities) Other - Grow Me Instead Prog SRCMA Bitou Bush Prog Bitou Bush Task Force 24, , TOTAL EXTERNAL RESTRICTIONS 24, , INTERNAL RESTRICTIONS Included in liabilities (offset liabilities) Employee Leave Ent. 190, , TOTAL INTERNAL RESTRICTIONS 190, , TOTAL UNRESTRICTED 626, , TOTAL CASH, CASH EQUIVALENTS AND INVESTMENTS 840, ,537.72

11 NOTE 6 PROPERTY, PLANT AND EQUIPMENT AT 30/6/2016 MOVEMENTS DURING YEAR AT 30/6/2017 BY ASSET TYPE $c $c $c At At Accum Book Additions Cost of Dep'n & Transfers/ Sale Price Gain (Loss) Net At At Accum Book Cost Valuation Dep'n Value Disposals Impairment Adjustments On Disposal on Disposal Revaluation Cost Valuation Dep'n Value Vehicles - 135,378 78,486 56,892 84,879 80,522 14,276 56,153 31,009 6, ,735 36, ,126 Plant & Equipment - 25,493 18,803 6,690 11,301-4, ,794 22,949 13,845 Office Equip.Furn. & Fittings - 13,659 11,357 2,302 28,049-4, ,708 15,952 25,756 Land Land Imps. (depreciable) Buildings TOTALS - 174, ,646 65, ,229 80,522 23,018 56,153 31,009 6, ,237 75, ,726

12 NOTE 7 PAYABLES, INTEREST BEARING LIABILITIES AND PROVISIONS PAYABLES ACTUAL ACTUAL Current Non-current Current Non-current $c $c $c $c Goods and Services Accrued Expenses Other - Security Deposits TOTAL PAYABLES INTEREST BEARING LIABILITIES Loans Government Advances TOTAL INTEREST BEARING LIABILITIES PROVISIONS Annual Leave 23, , Sick Leave 40, , Long Service Leave 126, , TOTAL PROVISIONS 190, ,

13 NOTE 8 RECONCILIATION OF CASH FLOW MOVEMENTS (a) RECONCILIATION OF CASH ASSETS Actual Actual Notes $s $s Total Cash Assets 5 840, , Less Bank Overdraft BALANCES AS PER CASH FLOW STATEMENT 840, , (b) RECONCILIATION OF NET OPERATING RESULT TO CASH PROVIDED FROM OPERATING ACTIVITIES ADD: Surplus(Deficit) from ordinary activities (18,734.29) 70, Depreciation 23, , Increase in employee leave entitlements 20, , Increase in payables LESS: Loss on sale of assets Decrease in employee leave entitlements Gain on sale of assets 6, NET CASH PROVIDED FROM (OR USED IN) OPERATING ACTIVITIES FROM CASH FLOW STATEMENT 18, ,912.91

12:45 PM Phoenix Bioinformatics Corporation. 03/27/15 Statement of Financial Income and Expense Accrual Basis January through December 2014

12:45 PM Phoenix Bioinformatics Corporation 03/27/15 Statement of Financial Income and Expense Jan - Dec 14 Ordinary Income/Expense Income 43400 Direct Public Support 980.00 45000 Investments 1.12 46400