CITY of Belmont received about $1.4 million more in rates during the 2016-17 financial year, a figure it put down to “payment in lieu of rates” from organisations like Perth Airport.
The City received about $46 million, which compared to the $44.6 million that it budgeted for, according to its Annual Report.
The council received $11 million in payment in lieu of rates compared to the $9.4 million it budgeted for.
Acting chief executive Robin Garrett said it was not unusual for rates to vary from budget as rates growth, particularly payments in lieu of rates, could be challenging to accurately predict.
“Any funds remaining at the end of one financial year are used in the following financial year or allocated to cash reserves as addressed in the City’s October or March budget reviews,” he said.
Town of Victoria Park received about $41.59 million in the 2016-17 financial year, which was close to its budgeted figure of $41.504 million.
City of South Perth also received similar rates compared to what it budgeted for as it received $34.6 million compared its $34.274 million prediction.
Belmont received $463,000 from housing, more than the $235,000 it budgeted for, while it spent $705,000 on the same area, which was more than its $480,000 budgeted amount.
“Housing consists of income and expenditure in regards to a retirement village and other independent living units managed by the City,” Mr Garrett said.
“All net income is maintained in reserves to be used for aged housing related purposes.
“Income from the retirement village is largely dependent on the number of units that have a change of occupancy throughout the financial year, and therefore, as this is dependent upon the current residents’ circumstances, is difficult to predict.”
Mr Garrett said there were some additional contractual costs incurred in 2017, although the additional funds for this were funded from the reserve.
“Due to the whole activity being managed through reserves, there is no financial impact on the City’s rate setting budget,” he said.