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Under the Country Fire Authority Act 1958, CFA receives funding
of annual estimated expenditure through the State Government, insurance
companies (through fire service levies on insurance premiums) and
from other companies under Section 80A of the Act.
Total Income
Total income for the 2006/07 year was $323.5m, which is an increase
of $85.0m over the previous year’s total of $238.5m. The
major reasons for this variation are an increase of $44.8m in government
and insurance contributions and $35.7m from recognition of Brigade
cash and deposits for the first time. The government contribution
included $22.9m in funding to reimburse CFA for the significant
costs incurred during the 2007 major fires. Other minor variances
occurred in relation to brigade donations received, and brigade-owned
vehicles recognised.
Government and Statutory funding
CFA received contributions from government and other sources amounting
to $260.3m (2005/06 $215.5m). CFA receives funding of annual expenditure
through the Victorian State Government (22.5%), insurance contributions
(77.5%), and from other companies under Section 80A of the CFA
Act. During 2006/07 statutory contributions totalled $231.9m, comprising
$51.1m from the State Government (of which $3.2m was treated as
contributed capital), $188.2m from insurance companies, and $9.1m
from other companies. In addition, $28.3m was contributed by other
government sources.
Sales of goods and services
CFA received $9.8m during the year from the provision of goods
and services to external bodies (2005/06 $4.2m). These include
the provision of external training services, fire protection fees,
alarm monitoring, dangerous goods inspections, and hazardous materials
incidents. The increase over 2005/06 is due to the inclusion of
Fire Equipment Maintenance (FEM) business income.
Other Income
Other income during the year totalled $53.4m from a number of
sources including the Transport Accident Commission, interest,
a Commonwealth Government Grant, public donations and the recognition
of additional brigade-owned vehicles. Overall, other revenue increased
by $34.6m over 2005/06 due to the recognition of brigade cash and
deposits for the first time, offset by decreases in other areas.
Minor changes were caused by higher interest income, brigade donations
and brigade-owned vehicles being recognised.
See CFA's Annual
Report >>
NEW! Please view Statutory Contributions: A section set up to assist Insurance Companies, Insurance Intermediaries (Brokers) and Owners to accurately prepare their returns and premiums to CFA, as set out under the Country Fire Authority Act 1958 |
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