Gawler 2012-13 Annual Report - page 169

Town of Gawler Annual Report 2012/13
Page 169
introduction • summary • strategic directions •
statutory information
• index
Gawler River Floodplain Management Authority
Notes to the Financial Statements for the year ended 30
th
June 2013
7 Expenditure Commitment
(i) An agreement has been entered into with SA Water Corporation to undertake flood mitigation works to
the South Para Reservoir dam wall and spillway in 2011-2012 for an estimated cost of $4,381,949 that
includes a 10% contingency.
(ii) An agreement has been entered into with Dean Gollan to provide Executive Officer and Supervision of
Consultants services to 31 December 2013.
(iii) The State Government has approved funding for the Gawler River Flood Mitigation Scheme totalling
$8,166,612 of which $8,148,558 has been paid to the Authority. Amount claimable in June will be paid in
July.
(iv) The Commonwealth Government has approved funding for the Gawler River Flood Mitigation Scheme
under the Regional Flood Mitigation Program totalling $8,713,371 of which $8,275,407 has been paid to
the Authority. Amount claimable in June will be paid in July.
8 Reconciliation Statement of Cash Flows
8.1 Reconcile to operating activities
Net deficit from operations
(174,147)
Adjust for non cash Items
Depreciation
191,510
Reduction Accrued Grant Income
335,541
Reduction in Debtors - GST
86,675
Increase in Accounts Payable
1,122
Reduction in Accrued Expense - SA Water
(90,447)
Net cash increase from operating activities
350,254
8.2 Cash and cash equivalents
Balance at bank
48,528
Balance at LGFA
332,262
Total cash and cash equivalents
380,790
9 Events after the Reporting Period
After the reporting period the Authority has been involved with commissioning a study to investigate
various options available to mitigate the effect of potential future flooding.
The Authority may contribute $50,000 to the study and is seeking a $50,000 grant from the State
Stormwater Management Authority.
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