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This table refers to the operating surplus or deficit of a revolving fund and not to cash.
Forecast 2007-08 | Planned 2008-09 | Planned 2009-10 | Planned 2010-11 | |
---|---|---|---|---|
Respendable Revenue | 4.7 | 5.1 | 5.3 | 5.2 |
Expenses | ||||
Operating | ||||
Salaries and employee benefits | 1.9 | 1.9 | 1.9 | 1.9 |
Depreciation | 1.0 | 0.9 | 0.9 | 1.0 |
Repairs and maintenance | 0.2 | 0.2 | 0.2 | 0.2 |
Administrative and support services | 0.3 | 0.3 | 0.3 | 0.3 |
Utilities, materials, and supplies | 0.4 | 0.4 | 0.4 | 0.4 |
Marketing | 0.3 | 0.3 | 0.3 | 0.2 |
Interest | 0.4 | 0.4 | 0.2 | 0.3 |
4.5 | 4.4 | 4.2 | 4.3 | |
Surplus (Deficit) | 0.2 | 0.7 | 1.1 | 0.9 |
Because Table 11 refers to the Revolving Fund's operating surplus or deficit and not to cash requirements, the Fund has been calculated through accrual accounting. The cash expenditures in the estimates therefore do not affect the operating balance, and other items that must be considered when calculating the surplus or deficit do not require a direct cash outlay. The two can be reconciled as follows:
Forecast 2007-08 | Planned 2008-09 | Planned 2009-10 | Planned 2010-11 | ||
---|---|---|---|---|---|
Surplus (Deficit) | 0.2 | 0.7 | 1.1 | 0.9 | Repeat the Surplus (Deficit) line from the table above. |
Add non-cash items | |||||
Depreciation / amortization | 0.9 | 1.0 | 1.0 | 0.9 | |
Others (define) | ... | ... | ... | ... | ... |
Investing activities | |||||
Acquisition of depreciable assets | (3.0) | (1.3) | (.6) | (.7) | |
Cash Surplus (requirement) | (1.9) | 0.4 | 1.5 | 1.1 |
Forecast 2007-08 | Planned 2008-09 | Planned 2009-10 | Planned 2010-11 | ||
---|---|---|---|---|---|
Authority* | 8.0 | 8.0 | 8.0 | 8.0 | |
Drawdown | |||||
Balance as at April 1 | (2.9) | (4.8) | (4.4) | (2.9) | |
Projected surplus (drawdown) | (1.9) | 0.4 | 1.5 | 1.1 | This line matches the Cash Surplus line from the table above. |
(4.8) | (4.4) | (2.9) | (1.8) | ||
Projected Balance at March 31 | 3.2 | 3.6 | 5.1 | 6.2 |
* $8 million is the maximum amount that may be drawn down at any time from the Consolidated Revenue Fund.