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Table 6: Revolving Fund – Statement of Operations
| ($ thousands) | Forecast 2007-2008 |
Planned 2008-2009 | Planned 2009-2010 | Planned 2010-2011 |
|---|---|---|---|---|
| Respendable Revenue | 41,265 | 41,265 | 41,265 | 41,265 |
| Expenses | ||||
| Operating: | ||||
| Salaries and employee benefits | 31,649 | 31,900 | 31,900 | 31,900 |
| Depreciation | 1,701 | 1,411 | 1,411 | 1,411 |
| Repairs and maintenance | 318 | 465 | 465 | 465 |
| Administrative and support services | 5,784 | 4,691 | 4,691 | 4,691 |
| Utilities, materials and supplies | 1,084 | 1,971 | 1,971 | 1,971 |
| Marketing | 76 | 135 | 135 | 135 |
| Total Expenses | 40,612 | 40,573 | 40,573 | 40,573 |
| Surplus (Deficit) | 653 | 692 | 692 | 692 |
This table portrays and allocates the costs associated with the Respendable Revenue generated through fees and contracts.
| ($ thousands) | Forecast 2007-2008 |
Planned 2008-2009 |
Planned 2009-2010 |
Planned 2010-2011 |
|---|---|---|---|---|
| Surplus (Deficit) | 653 | 692 | 692 | 692 |
| Add non-cash items: | ||||
| Depreciation/amortization | 1,701 | 1,411 | 1,411 | 1,411 |
| Investing activities: | ||||
| Acquisition of depreciable assets | (2,227) | (2,223) | (2,223) | (2,223) |
| Cash surplus (requirement) | 127 | 120 | 120 | 120 |
This table converts the financial statement information from book value to a cash basis.
| ($ thousands) | Forecast 2007-2008 |
Planned 2008-2009 |
Planned 2009-2010 |
Planned 2010-2011 |
|---|---|---|---|---|
| Authority | 2,508 | 2,508 | 2,508 | 2,508 |
| Drawdown: | ||||
| Balance as at April 1 | 19,705 | (127) | (247) | (367) |
| Operating (deficit)/surplus | (19,705) | 0 | 0 | 0 |
| Projected surplus (Drawdown) | (127) | (120) | (120) | (120) |
| (127) | (247) | (367) | (487) | |
| Projected Balance at March 31 | 2,635 | 2,755 | 2,875 | 2,995 |
This table represents the projected surplus (drawdown), which is made up of the ANCAFA (cash basis) plus a $2 million line of credit for revolving fund activities only.