Whitehorse Manningham Library Annual Report 2015

Friends of Nunawading Libraries

The Friends of Nunawading Library (FONL) At this year’s AGM June Southwell was
was established in 1988 to raise funds for awarded Life Time Membership of FONL.
public libraries in the City of Nunawading. June and her late husband Brian contributed
Since the formation of WMRLC in 1995 the many hours of dedicated work to the committee
Friends have continued to support library and it was a fitting acknowledgement of June’s
programs in both the Cities of Whitehorse and ongoing efforts.
Manningham. Their fundraising activities include
their highly attended book sales, eBay sales The 2014/15 fundraising year was a successful
and annual Literary Afternoon Tea. From one for FONL with almost $12,000 being
2004 until 2014 FONL raised a total of $98,282. raised. The Friends of the Nunawading Library
This is an amazing effort, for which we are author talk and afternoon tea event with Helen
extremely grateful. Garner was an outstanding success. As one of
Australia’s most pre-eminent authors, Helen
Over the past year the FONL committee has Garner was sure to attract a good response
been saddened by the deaths of five members. and didn’t disappoint with almost 100 people
Jock Wallace, Noela Snell and Gerry Harant attending on the day.
were all founding members of FONL. Gerry was
instrumental in shaping the committee structure Initiatives contributed to by FONL in
and fundraising focus which continues to this 2014/15
day. We were also saddened to learn of the
loss of Trish Spottiswood who along with Noela • Summer Reading Club programs: games,
had been active members over many years. prizes and end of summer party
Beth Wallace was a much loved member of the
current committee who could often be found • Nunawading Reads program of talks
cheerfully sorting through books and helping
at the bi-annual book sales. We sincerely thank • Manningham Heritage Week events for
them for the contributions they have made to senior citizen groups and local primary
FONL over the years. All will be greatly missed. schools

WMRLC would like to acknowledge and thank • Author Talks
all members of FONL for the contribution they
have made to the library service in 2014/15. The • Teen movie nights
FONL committee has a team of 9 volunteers.
The committee is currently without a President • Teen Locked in the Library programs
but has an arrangement in place. The current and prizes
FONL committee comprises of:
• Establishment of the first Lego Club at
• Sue Trevillian – Minutes Secretary The Pines Library

• Val Sullivan – Treasurer • Festival of Fun

• Julia McCammon – eBay sales • Display material and children’s furniture

• Rita White – Newsletter and Members • Multicultural programs in Manningham
Coordinator
• Manningham Healthy Lifestyle Week
• Eve Brewer programs

• Mollie Heywood • Audio visual equipment for Nunawading
and Box Hill Library events
• Sandy Hobson

• Mary Lloyd

• June Southwell

Whitehorse Manningham Regional Library Corporation Annual Report 2014/15 49

“Staff are
very caring and
informative – a
pleasure to visit the
library regularly”.

– The Pines
Library Patron

50 Whitehorse Manningham Regional Library Corporation Annual Report 2014/15

FINANCIAL REPORT
TABLE OF CONTENTS

FINANCIAL STATEMENTS

Comprehensive Income Statement.................................................................................................................................52
Balance Sheet .......................................................................................................................................................................53
Statement of Changes in Equity.......................................................................................................................................54
Statement of Cash Flows....................................................................................................................................................55
Statement of Capital Works..............................................................................................................................................56

NOTES TO THE FINANCIAL STATEMENTS

Note 1 Significant accounting policies........................................................................................................57-60
Note 2 Budget Comparison..............................................................................................................................61-64
Note 3 Council Contributions.................................................................................................................................65
Note 4 Fees and Charges.........................................................................................................................................65
Note 5 Other Grants..................................................................................................................................................65
Note 6 (a) Employee Costs............................................................................................................................................65
Note 6 (b) Superannuation.............................................................................................................................................66
Note 7 Depreciation..................................................................................................................................................67
Note 8 (Loss) on Disposal of Assets....................................................................................................................67
Note 9 Other Expenses.............................................................................................................................................67
Note 10 Cash and Cash Equivalents.......................................................................................................................68
Note 11 Other Assets..................................................................................................................................................68
Note 12 (a) Property and Equipment...........................................................................................................................68
Note 12 (b) Summary of Asset Movements...............................................................................................................69
Note 13 Payables..........................................................................................................................................................70
Note 14 Provisions.......................................................................................................................................................70
Note 15 Reconciliation of cash flows from operating activities to surplus or deficit for year........71
Note 16 Reconciliation of cash and cash equivalents.....................................................................................71
Note 17 Financing arrangements............................................................................................................................71
Note 18 Superannuation Contributions................................................................................................................72
Note 19 Operating Leases.........................................................................................................................................72
Note 20 Contingent Liabilities.................................................................................................................................73
Note 21 Auditor’s remuneration..............................................................................................................................75
Note 22 Events occurring after balance date.....................................................................................................75
Note 23 Financial Instruments.................................................................................................................................76
Note 24 Related Party Transactions...............................................................................................................77-78

Certification of the Financial Report.. ............................................................................................................................79
Auditor-General’s Report.............................................................................................................................................80-81

Whitehorse Manningham Regional Library Corporation Annual Report 2014/15 51

COMPREHENSIVE INCOME STATEMENT
FOR THE YEAR ENDED 30 JUNE 2015

Note 2015 2014
$ $

Income 3 7,921,070 7,804,212
Council Contributions 1,600,401 1,591,791
State Government Grants
Fees and charges 4 423,475 406,430
Other Grants 5 200,805 175,308
Interest from Investments 133,428
120,570
Total Income
10,266,321 10,111,169
Expenses
Employee Costs 6 6,363,039 6,388,755
Depreciation 7 1,564,329 1,374,936
Information Technology
Finance Costs 358,533 238,126
Collection Resources 22,574 26,896
Other Expenses
Net Loss on disposal of property, plant and equipment 317,666 301,220
9 1,150,460 1,192,375
Total Expenses 8 23,006
23,141
Surplus/(deficit) for the year 9,799,607
Total Comprehensive Result 9,545,448
466,714
466,714 565,721
565,721

The above comprehensive income statement should be read with the accompanying notes

52 Whitehorse Manningham Regional Library Corporation Annual Report 2014/15

BALANCE SHEET
AS AT 30 JUNE 2015

Note 2015 2014
$ $

Assets 10 2,290,156 2,151,035
Current Assets 68,620 54,434
Cash and cash equivalents
Trade and Other Receivables 11 128,812 128,062
Other Assets 2,487,588 2,333,531
Total Current Assets
12 6,341,943 6,076,407
Non-Current Assets 6,341,943 6,076,407
Property and Equipment
Total Non-Current Assets 8,829,531 8,409,938
Total Assets
13 635,073 583,677
Liabilities 14 1,444,382 1,489,959
Current Liabilities 2,073,636
Payables 2,079,455
Provisions
Total Current Liabilities 14 105,396 158,336
105,396 158,336
Non-Current liabilities 2,231,972
Provisions 2,184,851
Total Non-Current Liabilities 6,177,966
Total Liabilities 6,644,680

Net Assets 3,922,043 3,922,043
2,722,637 2,255,923
Equity
Members Contribution on Formation 6,644,680 6,177,966
Accumulated Surplus

Total Equity

The above balance sheet should be read with the accompanying notes.

Whitehorse Manningham Regional Library Corporation Annual Report 2014/15 53

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2015

Note Total 2015 Accumlated Members
$ Surplus Contribution
2015
2015
$
$

2015 6,177,966 2,255,923 3,922,043
Balance at beginning of the financial year 466,714 466,714 0
Surplus (deficit) for the year
6,644,680 2,722,637 3,922,043
Balance at end of the financial year

Note Total 2014 Accumlated Members
$ Surplus Contribution
2014
2014
$
$

2014 5,612,245 1,690,202 3,922,043
Balance at beginning of the financial year 565,721 565,721 0
Surplus (deficit) for the year
6,177,966 2,255,923 3,922,043
Balance at end of the financial year

The above statement of changes in equity should be read with the accompanying notes.

54 Whitehorse Manningham Regional Library Corporation Annual Report 2014/15

CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 JUNE 2015

Notes 2015 2014
$ $

Cash flows from operating activities 8,346,972 8,025,934
Council Contributions 1,720,062 1,711,999
Government Grants
Interest Income 122,724 128,542
Library Fines, FONL income, Council contributions (GST free) 558,554 757,107
Other Income 269,382 272,628
Employee Costs (6,405,164) (6,433,494)
Payments to suppliers (inclusive of GST) (2,217,868) (2,267,395)
Net GST payments (402,670) (430,327)

Net cash provided by (used in) operating activities 15 1,991,992 1,764,994

Cash flows from investing activities 19,500 33,064
Proceeds from sale of Equipment (1,863,371) (2,143,637)
Payment for Resources, Information Technology & Furniture
(1,843,871) (2,110,573)
Net cash provided by (used in) investing activities

Net increase (decrease) in cash and cash equivalents 139,121 (345,579)
Cash and cash equivalents at beginning of the year 2,151,035 2,496,614

Cash and cash equivalents at the end of the financial year 16 2,290,156 2,151,035

The above cash flow statement should be read with the accompanying notes.

Whitehorse Manningham Regional Library Corporation Annual Report 2014/15 55

STATEMENT OF CAPITAL WORKS
FOR THE YEAR ENDED 30 JUNE 2015

Notes 2015 2014
$ $

Plant and Equipment 1,547,761 1,668,131
Collection Resources 102,645 344,432
IT Replacement 57,262 54,881
Motor Vehicles Replacement 155,703 76,192
Furniture and Fittings
1,863,371 2,143,636
Total Capital Works Expenditure
1,863,371 1,818,464
Represented by
Renewal 1,863,371 325,172
Upgrade 2,143,636
Expansion
New assets

Total Capital Works Expenditure

The above capital works statement should be read with the accompanying notes.

56 Whitehorse Manningham Regional Library Corporation Annual Report 2014/15

INTRODUCTION

The Whitehorse Manningham Regional Library Revisions to accounting estimates are
Corporation was established under Section recognised in the period in which the estimate
196 of the Local Government Act, 1989 by the is revised and also in future periods that are
Minister of Local Government on 12 December affected by the revision. Judgements and
1995. The Corporation’s headquarters is located assumptions made by management in the
at 1040 Whitehorse Road, Box Hill. application of AAS’s that have significant
effects on the financial statements and
These financial statements are a general estimates relate to:
purpose financial report that consists of a
Comprehensive Income Statement, Balance • the determination of depreciation for
Sheet, Statement of Changes in Equity, library collections, computer equipment and
Statement of Cash Flows, Statement of Capital furntirue to note 1 (e) )
Works and notes accompanying these financial
statements. The general purpose financial • the determination of employee provisions
report complies with Australian Accounting (refer to note 1 (i) )
Standards, other authoritative pronouncements
of the Australian Accounting Standards Board, Unless otherwise stated, all accounting policies
the Local Government Act 1989, and the are consistent with those applied in the prior
Local Government (Planning and Reporting) year. Where appropriate, comparative figures
Regulations 2014. have been amended to accord with current
presentation, and disclosure has been made of
Note 1 any material changes to comparatives.

Significant Accounting Policies b. Change in Accounting Policies

a. Basis of Accounting There has been no changes in accounting
policies from the previous period.
The accrual basis of accounting has been used in
the preparation of these financial statements, c. Revenue Recognition
whereby assets, liabilities, equity, revenue and
expenses are recognised in the reporting period Grants, donations and other contributions are
to which they relate, regardless of when cash is recognised as revenues when the Corporation
received or paid. obtains control over the funds. Grants
recognised as revenue during the year are
Judgements, estimates and assumptions obtained on condition that they be expended
are required to be made about the carrying in a specific manner.
values of assets and liabilities that are not
readily apparent from other sources. The Other operating income
estimates and associated judgements are
based on professional judgement derived from Revenue for fines and fees, interest on
historical experience and various other factors investments, sale of assets and other income
that are believed to be reasonable under the is recognised at the time of receipt.
circumstances. Actual results may differ from
these estimates. d. Cash and cash equivalents

For the purpose of the statement of cash
flows, cash and cash equivalents include
cash on hand, deposits at call, and other
highly liquid investments with original
maturities of three months or less, net
of outstanding bank overdrafts.

Whitehorse Manningham Regional Library Corporation Annual Report 2014/15 57

Note 1

Significant Accounting Policies (cont.)

e. Depreciation of Non Current Assets

Books & materials, motor vehicles, furniture
and equipment, including computer equipment
and other assets having limited useful lives are
systematically depreciated over their useful
lives to the Corporation. Estimates of remaining
useful lives and residual values are reassessed
annually. Depreciation is recognised on either
the straight-line basis or diminishing value basis
using rates that are, unless otherwise stated,
consistent with the prior year:

Library Stock Useful Life Depreciation Basis
Audio Visual
Computer Equipment 10 Years Straight Line
Computer Hardware/Software 5 Years Straight Line
Motor Vehicles 5 Years Straight Line
Furniture and Equipment 3 Years Straight Line

4.44 Years Diminishing
6.67 Years Diminishing

f. Recognition and measurement of assets Class of asset Threshold limit
2014/2015
The Corporation has adopted the purchase Collection Resources Nil Limit
method of accounting in relation to the Audio Visual Nil Limit
measurement of the acquisition of assets, Computer Hardware
being the fair value of the assets provided as Computer Equipment $1,000
consideration at the date of acquisition plus any Motor Vehicles $1,000
incidental cost attributable to the acquisition. Furniture & Equipment
Fair Value is the amount for which the asset Nil Limit
could be exchanged between knowledgeable
willing parties in an arm’s length transaction. In $1,000
accordance with the Corporation’s policy, the
threshold limits below have been applied when
recognising assets within an applicable asset
class. (Same as applied in 2013/2014)

58 Whitehorse Manningham Regional Library Corporation Annual Report 2014/15

Note 1 Long Service Leave

Significant Accounting Policies (cont.) Liability for long service leave (LSL) is
recognised in the provision for employee
g. Repairs and maintenance benefits.

Routine maintenance, repair costs, and minor Current Liability – unconditional LSL is
renewal costs are expensed as incurred. Where disclosed as a current liability even when the
the repair relates to the replacement of a corporation does not expect to settle the
component of an asset and the cost exceeds the liability within 12 months because it will not
capitalisation threshold the cost is capitalised have the unconditional right to defer settlement
and depreciated. The carrying value of the of the entitlement should an employee take
replaced asset is expensed. leave within 12 months.

h. Borrowing costs The components of this current liability are
measured at :
The Corporation have no borrowing costs
• present value – component that is not
i. Employee Costs and benefits expected to be wholly settled within
12 months.
Wages and Salaries
• n ominal value – component that is expected
Liabilities for wages and salaries are recognised to be wholly settled within 12 months.
as the amounts unpaid at balance date and
include appropriate on-costs such as workers Classification of employee costs
compensation and payroll costs.
An employee benefit liability is classified as a
Annual Leave current liability if the Corporation does not have
an unconditional right to defer settlement of the
Liabilities for annual leave expected to liability for at least 12 months after the end of
be wholly settled within 12 months of the the period. This would include annual leave and
reporting date are recognised in the provision unconditional long service leave entitlements.
for employee benefits in respect of employee
services up to the reporting date, classified as j. Superannuation
current liabilities and measured at their nominal
values. The amount expensed in respect of
superannuation represents contributions
Liabilities that are not expected to be wholly made or due by past and present employees.
settled within 12 months of the reporting date Superannuation contributions are made to
are recognised in the provision for employee the plans based on the relevant rules of each
benefits as current liabilities, measured at plan in respect to the services of Whitehorse
present value of the amounts expected to be Manningham Regional Library Corporation’s
paid when the liabilities are settled using the staff (both past and present). Superannuation
remuneration rate expected to apply at the time contributions are made to the plans based on
of settlement. the relevant rules of each plan and any relevant
compulsory superannuation requirements that
Whitehorse Manningham Regional Library
Corporation is required to comply with. Details
of these arrangements are recorded in Note 18.

Whitehorse Manningham Regional Library Corporation Annual Report 2014/15 59

Note 1 n. Economic Dependency

Significant Accounting Policies (cont.) The main income stream for the Corporation
are contributions provided by both City of
k. Land and Buildings Manningham and City of Whitehorse. The
Councils provide approximately 77% of the
The library branches are operated out of Council income, while a further 18% comes from the
owned or leased properties. The libraries at State Government.
Box Hill, Nunawading, Vermont South and
Blackburn are operated from Whitehorse o. Pending Accounting Standards
Council controlled, owned and maintained
buildings. The libraries at Doncaster, The Certain new AAS’s have been issued that are
Pines, Warrandyte and Bulleen are operated not mandatory for the 30 June 2015 reporting
from buildings controlled, owned or leased by period. The Corporation has assessed these
Manningham Council. The Councils do not charge pending standards and has identified that no
the Corporation for the use of the buildings. material impact will flow from the application
of these standards in future reporting periods.
l. Allocation between Current and Non Current

In the determination of whether an asset or
liability is current or non-current, consideration
is given to the time when each asset or liability
is expected to be settled. The asset or liability
is classified as current if it is expected to be
settled within the next twelve months, being the
Corporation’s operational cycle.

n. Web site costs

Costs in relation to websites are charged as an
expense in the period in which they are incurred.

m. Goods and Services Tax (GST)

Revenues, expenses and assets are recognised
net of the amount of GST, except where the
amount of GST incurred is not recoverable
from the Australian Tax Office. In these
circumstances the GST is recognised as part
of the cost of acquisition of the asset or as
part of an item of the expense. Receivables
and payables in the balance sheet are shown
inclusive of GST.

Cash flows are presented in the cash flow
statement on a gross basis, except for the GST
component of investing and financing activities,
which are disclosed as operating cash flows.

60 Whitehorse Manningham Regional Library Corporation Annual Report 2014/15

Note 2 The budget figures detailed below are those
adopted by the Corporation on 27 August 2014.
Budget Comparison The Budget was based on assumptions that
were relevant at the time of adoption of the
The budget comparison notes compare the Budget. The Corporation sets guidelines and
Corporation’s financial plan, expressed through parameters for revenue and expense targets in
it’s annual budget, with actual performance. this budget in order to meet the Corporation’s
The Local Government (Planning and Reporting) planning and financial performance targets for
Regulations 2014 requires explanation of any both short and long-term.
material variances. The Corporation has adopted
a materiality threshold of 10% where further These notes are prepared to meet the
explanation is warranted. Explanations have not requirements of the Local Government Act
been provided for variations below the material 1989 and the Local Government (Planning and
threshold unless the variance is considered to Reporting) Regulations 2014.
be material because of its nature.

a) Income and Expenditure

Income Budget Actual Variance Ref
2015 2015 2015
Council Contributions $ $ $ 1
State Government Grant
Fees and Charges 7,588,156 7,921,070 332,914 2
Other Grants
Interest from Investments 1,625,357 1,600,401 (24,956)
462,200 423,475 (38,725)
85,545 200,805 115,260
120,000 120,570
570
9,881,258 1 0,266,321 385,063

Expenditure 6,642,000 6,363,039 (278,961) 3
1,633,130 1,564,329 (68,801)
Employee costs 41,533 4
Depreciation 317,000 358,533 (3,426)
Information Technology 26,000 22,574 53,666 5
Financial Costs 264,415 1
Collection Resources 264,000 317,666 23,006 6
Other Expenses 886,045 1,150,460
Net gain on disposal of property and equipment 31,432
- 23,006

9,768,175 9,799,607

Surplus/(deficit) for the year 113,083 466,714 353,631

Whitehorse Manningham Regional Library Corporation Annual Report 2014/15 61

Note 2

Budget Comparison (cont.)

(i) Explanation of material variations

Variance Item Explanation

The new Warrandyte Library, which opened in August 2013, is not

1 Council reflected in the budget. Manningham currently meets the expense

Contributions outside the Corporation budget. However the income is reflected

as part of Council Contributions.

The Corporation received an additional $36,679 from the State
Government for Premiers Reading Challenge. Grants were received
2 Other Grants from Whitehorse Council for Library Initiatives projects, from
Manningham Council for Human Library, Chess Program, Friends of
Nunawading Library and Department of Veteran affairs (ANZAC grant).

3 Employee Savings from a number of un-anticipated staff changes. This
costs contributed to the much lower than anticipated transfer of funds
to annual leave and long service leave provisions.

4 Information Increase in communication costs and the movement between capital
Technology and non capital items and Additional Library management system cost
contributed to the additional IT Costs.

The Budget figures includes only operational expenditure. The Actual

5 Collection figure includes Collection Resources that are expended but not
Resources capitalised, i.e. genre collection. Figure also include the establishment

costs for EBooks.

6 Net gain on The Corporation does not include in the budget any profit or loss
disposal of from the disposal of assets. The loss occurred from the trade in of
property, motor vehicles and disposal of furniture and equipment surplus to the
plant and Corporation requirements.
equipment

62 Whitehorse Manningham Regional Library Corporation Annual Report 2014/15

Note 2 Budget Actual Variance Ref
2015 2015 2015
Budget Comparison (cont.) $ $ $ 1
2
b) Capital Works 1,475,000 1,547,761 72,761 3
4
Collection Resources 210,000 102,646 (107,354)
IT Replacement 20,000 5 7,262 37,262
Motor Vehicles Replacement 40,000 155,704
Furniture and Fittings 115,704

Total Capital Works Expenditure 1,745,000 1,863,373 118,373

Represented by: 1,745,000 1,863,373 118,373
Renewal - - -
Upgrade - - -
Expansion - - -
New assets
1,745,000 1 ,863,373 118,737
Total Capital Works Expenditure

Whitehorse Manningham Regional Library Corporation Annual Report 2014/15 63

Note 2

Budget Comparison (cont.)

(i) Explanation of material variations

Variance Explanation
Item

Ref

The budgeted figure in the Corporation Budget does not include in

1 Collection the capital amount the additional funding for Warrandyte library
Resources collections and Premiers Reading Challenge, which is funded from

other areas.

2 IT Expenditure not capitalised has been transferred to Operational.
Replacement Surplus funds will carry over to the next financial year for continuing
projects.

3 Motor The budget figures include an amount for trade in only, while the actual
Vehicles is the total cost for two fleet vehicles.
Replacement

4 Furniture and The actual figure includes an upgrade to Box Hill Desk which was partly
Fittings funded by a grant from Whitehorse Council and monies carried over
from previous year.

64 Whitehorse Manningham Regional Library Corporation Annual Report 2014/15

2015 2014
$ $

Note 3 Council Contributions 2,912,244
4,384,060
Manningham City Council 3,028,734
4,559,422 507,908
Whitehorse City Council 7,804,212
332,914
Manningham City Council - Warrandyte 7,921,070 194,099
46,601
Note 4 Fees and Charges
134,245
Overdue Charges 194,545 16,015
58,713 4,272
Photocopying Services 11,198
131,291
Other Service Charges 14,744 406,430
3,978
Sale of Products 20,204 41,824
25,000
Library Programs & Activities 423,475 10,100
36,429
Sundry Income 41,955
20,000
Note 5 Other Grants
0
Outreach Services 43,203 0
25,000 175,308
Libraries Initiatives Project 11,800
36,429 5,570,772
Friends of Nunawading Library 41,029 (78,610)
35,491
Premiers Reading Challenge 0 497,854
13,444 44,739
Reader Services 29,900 318,509
200,805
Library Desk Project 6,388,756

ANZAC

Other

Note 6(a) Employee Costs

Wages and Salaries 5,617,569
(22,802)
Annual Leave 42,977
534,319
WorkCover 42,125
148,851
Superannuation
6,363,039
Staff Training Expenses

Long Service Leave

Whitehorse Manningham Regional Library Corporation Annual Report 2014/15 65

Note 6(b) Superannuation

Whitehorse Manningham Regional Library Corporation makes the majority of its employer
superannuation contributions in respect of its employees to the Local Authorities Superannuation
Fund (the Fund). This Fund has two categories of membership, accumulation and defined benefit,
each of which is funded differently. Obligations for contributions to the Fund are recognised as an
expense in the Comprehensive Income Statement when they are made or due.

Accumulation

The Fund’s accumulation category, Vision MySuper/Vision Super Saver, receives both employer
and employee contributions on a progressive basis. Employer contributions are normally based on
a fixed percentage of employee earnings (for the year ended 30 June 2015, this was 9.5% required
under Superannuation Guarantee legislation(for 2013/14, this was 9.25%))

Defined Benefit

WMRLC does not use defined benefit accounting for its defined benefit obligations under the
Fund’s Defined Benefit category. This is because the Fund’s Defined Benefit category is a pooled
multi-employer plan.

There is no proportional split of the defined benefit liabilities, assets or costs between the
participating employers as the defined benefit obligation is a floating obligation between the
participating employers and the only time that the aggregate obligation is allocated to specific
employers is when a call is made. As a result, the level of participation of Whitehorse Manningham
Libraries in the Fund cannot be measured as a percentage compared with other participating
employers. There, the Actuary is unable to allocate benefit liabilities, assets and costs between
employees for the purposes of AASB 119.

66 Whitehorse Manningham Regional Library Corporation Annual Report 2014/15

2015 2014
$ $

Note 7 Depreciation 1,205,639 1,011,209
Note 8 Collection Resources 265,526 274,141
Computer Equipment and Hardware 74,879 70,924
Note 9 Furniture and Fittings, Equipment 18,285 18,662
Motor Vehicles
1,564,329 1,374,937
(Loss) on Disposal of Assets
Motor Vehicles 19,500 32,814
Proceeds from sale of motor vehicles (31,633) (45,192)
Written down value of assets sold (12,133) (12,378)
(Loss) on disposal of assets
Furniture and Equipment 0 250
Proceeds from sale of furniture and equipment (10,873) (11,013)
Written down value of assets sold (10,873) (10,763)
(Loss) on disposal of assets
(23,006) (23,141)
Total Disposal of Assets
204,132 196,557
Other Expenses 240,453 236,082
Cleaning, Security
Utility Costs 56,306 98,750
Headquarters Costs 48,361 44,680
Couriers 59,274 35,940
Professional Services 96,437 131,990
Grant Expenditure 48,210 45,731
Insurance 42,995 55,815
Office Expenses 71,245 44,491
Programs Costs 17,906 26,261
Vehicle Maintenance 240,937 254,233
Warrandyte Library Expenses 24,203 21,845
Staff Amenities 1,150,460 1,192,375

Whitehorse Manningham Regional Library Corporation Annual Report 2014/15 67

2015 2014
$ $

Note 10 Cash and Cash Equivalents
Cash on Hand
Cash at Bank 1,500 1,500
Money Market call account 205,917 91,738
Term Deposits 300,646 335,134
LSL Term Deposit 476,726 460,982
1,305,367 1,261,681
Note 11 Other Assets 2,290,156 2,151,035
Prepayments
Accrued Income 111,882 108,978
16,930 19,084

128,812 128,062

Note 12 (a) Property and Equipment
Collection Resources
at cost 20,529,561 18,981,800
(15,444,797) (14,239,157)
less accumulated depreciation
5,084,764 4,742,643
Furniture and Equipment
at cost 1,435,773 1,310,759
less accumulated depreciation (921,578) (869,032)

514,195 441,727

Computer Equipment 3,433,628 3,408,294
at cost (2,789,710) (2,598,979)
less accumulated depreciation
643,918 809,315

Motor Vehicles 130,143 113,988
at cost (31,077) (31,266)

less accumulated depreciation 99,066 82,722

Total 6,341,943 6,076,407
Total at cost
Total accumulated depreciation 25,529,104 23,814,841
Total Property and Equipment (19,187,161) (17,738,434)

6,341,943 6,076,407

68 Whitehorse Manningham Regional Library Corporation Annual Report 2014/15

2015 2014
$ $

Note 12 (b) Summary of Asset Movements
Collection Resources
Opening Balance at 1 July 2015 4,742,641 4,085,721
Additions at cost 1,547,761 1,668,131
Depreciation (1,205,638) (1,011,209)
Total 5,084,764 4,742,641

Property and Equipment 441,727 447,473
Furniture and Office Equipment 155,704 76,192
Opening Balance at 1 July 2015
Additions at cost (8,357) (11,014)
Disposals written off (74,879) (70,924)
Depreciation 514,195 441,727
Total

Computer Equipment 809,315 739,024
Opening Balance at 1 July 2015 102,645 344,432
Additions at cost
Disposals written off (2,516) 0
Depreciation (265,526) (274,141)
Total
643,918 809,315
Motor Vehicles
Opening Balance at 1 July 2015 82,722 91,694
Additions at cost 57,262 54,881
Disposals sold (22,633) (45,191)
Depreciation (18,285) (18,662)
Total 99,066 82,722

Total Opening Balance 1 July 2015 6,076,407 5,363,912
Total additions at cost 1,863,371 2,143,636
Total Disposals sold
Total Disposals written off (22,632) (45,191)
Total Depreciation (10,873) (11,014)
(1,564,329) (1,374,936)
Closing Balance at 30 June
6,341,943 6,076,407

Whitehorse Manningham Regional Library Corporation Annual Report 2014/15 69

2015 2014
$ $

Note 13 Payables 349,218
Creditors 234,459
Accrued Expenses 379,204 583,677
255,869
Note 14 Provisions 635,073 488,052
Annual Leave 435,644
Balance at beginning of the financial year 409,442 (514,254)
Additional Provisions 426,183 409,442
Amounts Used (448,986)
Balance at end of the financial year 386,640 1,158,774
318,509
Long Service Leave 1,238,853
Balance at beginning of the financial year 148,851 (238,430)
Additional Provisions 1,238,853
Amounts Used (224,566) 1,648,295
Balance at end of the financial year 1,163,138
1,549,779 355,519
Total 56,651

Current provisions expected to be settled within 12 months 361,399 412,170
Annual Leave 53,408
Long Service Leave 53,923
414,807 1,023,866
Current provisions expected to be settled after 12 months 1,077,789
Annual Leave 25,241 1,489,959
Long Service Leave 1,004,334
1,029,575 158,336

Total current provisions 1,444,382 158,336

Non current provisions 105,396 1,648,295
Long Service Leave 136

Total non current provisions 105,396 4.44%
3.57%
Total Provisions 1,549,778 7 years
132
Number of employees at the end of the year
4.44%
The following assumptions were adopted in measuring 3.03%
the present value of long service leave 7 years
Weighted average increase in employee costs
Weighted average discount rates
Weighted average settlement period

70 Whitehorse Manningham Regional Library Corporation Annual Report 2014/15

2015 2014
$ $

Note 15 Reconciliation of cash flows from operating activities to surplus or deficit for year
Note 16
Surplus/(deficit) for the year 466,714 565,720

Depreciation 1,564,329 1,374,936
(Profit)/Loss on Disposal of Fixed Assets 23,006 23,141
Changes in assets and liabilities
(Decrease)/Increase in Receivables (14,186) (39,469)
(Decrease)/Increase in Accrued Income 2,154 1,707,489
(Decrease)/Increase in Prepayments
Increase/(Decrease) in Employee Costs (2,904) (2,952)
Increase/(Decrease) in Payables (98,517) 1,469
Net cash provided by/(used in) operating activities
51,396 (1,865,340)
1,991,992 1,764,994

Reconciliation of Cash and Cash Equivalents

Cash at the end of the financial year as shown in the
statement of cash flows is reconciled to items in the
Balance sheet as follows;

Cash on Hand 1,500 1,500
Cash and Cash equivalents 2,288,656 2,149,535
Total reconciliation of cash and cash equivalents 2,290,156 2,151,035

Note 17 Financing arrangements
Bank Overdraft
20,000 20,000
Unused facilities 20,000 20,000

Whitehorse Manningham Regional Library Corporation Annual Report 2014/15 71

Note 18 Superannuation Contributions

Contributions by Whitehorse Manningham
Libraries (excluding any unfunded liability
payments) to the below superannuation plans
for the financial year ended 30 June 2015 are
detailed below;

Scheme Type of Scheme Rate 2015 2014

Vision Super Defined Benefits 9.5% 112,393 123,300
340,976 313,270
Vision Super Accumulation 9.5% 80,950 61,284

Other Funds Accumulation 9.5%

No unfunded liability payments were made by
Whitehorse Manningham Libraries during the
2014/2015 year (2013/14 $0) .

There were no contributions outstanding and no
loans issued from or to the above schemes as at
30 June 2015 (2013/2014 $0).

The expected contributions to be paid to the
defined benefit category of Vision Super for the
year ending 30 June 2016 is $552,000.

Note 19 Operating Leases

Lease payments for operating leases are
required by the accounting standard to be
recognised on a straight line basis, rather than
expensed in the years in which they are incurred.

Not later than one year 0 3,031
Total Obligations 0 3,031

72 Whitehorse Manningham Regional Library Corporation Annual Report 2014/15

Note 20 Employer contributions

Contingent Liabilities Regular contributions on the basis of the
results of the most recent full actuarial date
Superannuation investigation conducted by the Fund’s Actuary
as at 30 June 2014, Whitehorse Manningham
The Corporation has obligations under a defined makes employer contributions to the Fund’s
benefit superannuation scheme that may result Defined Benefit category at rates determined
in the need to make additional contributions by the Fund’s AASB 119 148 (a) Trustee. For the
to the scheme to ensure that the liabilities of year ended 30 June 2015, this rate was 9.5%
the fund are covered by the assets of the fund. of members’ salaries. This rate will increase in
As a result of the volatility in financial markets line with any increase to the Superannuation
the likelihood of making such contributions in Guarantee (SG) contribution rate.
future periods exists. At this point in time it is
not known if additional contributions will be In addition, Whitehorse Manningham Libraries
required, their timing or potential amount. reimburses the Fund to cover the excess of the
benefits paid as a consequence of retrenchment
Funding arrangements above the funded resignation or retirement
benefit.
Whitehorse Manningham Regional Library
Corporation makes employer contributions to Funding Calls
the defined benefit category of the Fund at
rates determined by the Trustee on the advice of If the defined benefit category is in an
the Fund’s Actuary. unsatisfactory financial position at actuarial
investigation or the defined benefit category‘s
The Fund’s latest actuarial investigation was VBI is below its shortfall limit at any time other
held as at 30 June 2014 and it was determined than the date of the actuarial investigation, the
that the vested benefit index (VBI) of the defined benefit category has a shortfall for the
defined benefit category of which Whitehorse purposes of SPS 160 and the Fund is required
Manningham Libraries is a contributing to put a plan in place so that the shortfall is
employer was 103.4%. To determine the VBI, fully funded within three years of the shortfall
the fund Actuary used the following long-term occurring. The Fund monitors its VBI on a
assumptions: quarterly basis and the Fund has set its shortfall
limit at 97%.
Net investment returns 7.5% pa
In the event that the Fund Actuary determines
Salary information 4.25% pa that there is a shortfall based on the above
requirement, the Fund’s participating employers
Price inflation 2.75% pa including Whitehorse Manningham Libraries are
required to make an employer contribution to
Vision Super has advised that the estimated VBI cover the shortfall.
at 31 March 2015 was 108.50%.

The VBI is to be used as the primary funding
indicator. Because the VBI was above 100%, the
actuarial investigation determined the defined
benefit category was in a satisfactory financial
position and that no change was necessary
to the defined benefit category’s funding
arrangements from prior years.

Whitehorse Manningham Regional Library Corporation Annual Report 2014/15 73

Note 20 The total service liability surplus means that
Contingent Liabilities (cont.) the current value of the assets in the Fund’s
defined benefit category plus expected future
Using the agreed methodology, the shortfall contributions exceeds the value of expected
amount is apportioned between the future benefits and expenses.
participating employers based on the pre-1 July
1993 and post-30 June 1993 service liabilities Whitehorse Manningham Libraries was notified
of the Fund’s defined benefit category, together of the results of the actuarial investigation
with the employer’s payroll at 30 June 1993 and during January 2015.
at the date the shortfall has been calculated.

Due to the nature of the contractual obligations
between the participating employers and
the Fund, and that the Fund includes lifetime
pensioners and their reversionary beneficiaries,
it is unlikely that the Fund will be wound up.

If there is a surplus in the Fund, the surplus
cannot be returned to the participating
employers.

In the event that a participating employer is
wound-up, the defined benefit obligations
of that employer will be transferred to that
employer’s successor.

Latest actuarial investigation surplus amounts

The Fund’s latest actuarial investigation as at
30 June 2014 identified the following in the
defined benefit category of which Whitehorse
Manningham Libraries is a contributing
employer:

• a VBI surplus of $$77.1 million; and

• a total service liability surplus of
$236 million.

The VBI surplus means that the market value
of the fund’s assets supporting the defined
benefit obligations exceed the vested benefits
that the defined benefit members would have
been entitled to if they had all exited on
30 June 2014.

74 Whitehorse Manningham Regional Library Corporation Annual Report 2014/15

Note 21 Auditor’s Remuneration

Audit fee payable to Victorian Auditor General 2015 2014
Internal audit fees – DJK Consulting $ $
Fees for other services provided by internal auditor
8,100 7,900
20,460 11,520

7,524 9,200
36,084 28,620

Note 22 (b) Market risk

Events Occurring after balance date Market risk is the risk that the fair value or
future cash flows of our financial instruments will
There are no subsequent events of which the fluctuate because of changes in market prices. The
Corporation is aware, that would affect the Corporation’s exposure to market risk is primarily
information provided within these Financial through interest rate risk with only insignificant
Statements. exposure to other price risks and no exposure to
foreign currency risk.
Note 23
Interest rate risk
Financial Instruments
Interest rate risk refers to the risk that the
(a) Objectives and policies value of a financial instrument or cash flows
associated with the instrument will fluctuate
The Corporation’s principal financial instruments due to changes in market interest rates. Our
comprise cash assets, term deposits, receivables interest rate liability risk arises primarily from
(excluding statutory receivables) payables long term loans and borrowings at fixed rates
(excluding statutory payables) and bank which exposes us to fair value interest rate
borrowings. ‘Details of the significant accounting risk the Corporation does not hold any interest
policies and methods adopted, including the bearing financial instruments that are measured
criteria for recognition, the basis of measurement at fair value, and therefore has no exposure to
and the basis on which income and expenses are fair value interest rate risk. Cash flow interest
recognised, in respect of each class of financial rate risk is the risk that the future cash flows
asset and financial liability is disclosed in Note 1 of a financial instrument will fluctuate because
of the financial statements. Risk management is of changes in market interest rates. The
carried out by senior management under policies Corporation has minimal exposure to cash flow
approved by the Corporation. These policies interest rate risk through its cash and deposits
include identification and analysis of the risk that are at floating rate.
exposure to the Corporation and appropriate
procedures, controls and risk minimisation.

Whitehorse Manningham Regional Library Corporation Annual Report 2014/15 75

Note 23 There are no material financial assets which
are individually determined to be impaired.
Financial Instruments (cont.)
We may also be subject to credit risk for
Investment of surplus funds is made with transactions which are not included in the
approved financial institutions under the balance sheet, such as when we provide a
Local Government Act 1989. We manage guarantee for another party.
interest
rate risk by adopting an investment policy The maximum exposure to credit risk at the
that ensures: reporting date to recognised financial assets
is the carrying amount, net of any provisions
• diversification of investment product, for impairment of those assets, as disclosed
in the balance sheet and notes to the financial
• monitoring of return on investment, statements. The Corporation does not hold
any collateral.
• benchmarking of returns and comparison
with budget. (d) Liquidity risk

There has been no significant change in the Liquidity risk includes the risk that, as a result
Corporation’s exposure, or its objectives, of our operational liquidity requirements or
policies and processes for managing interest we will not have sufficient funds to settle a
rate risk or the methods used to measure this transaction when required, we will be forced to
risk from the previous reporting period. sell a financial asset at below value or may be
unable to settle or recover a financial asset.
Interest rate movements have not been
sufficiently significant during the year to have To help reduce these risks the Corporation:
an impact on the Corporation’s year end result.
• have a liquidity policy which targets a
(c) Credit Risk minimum and average level of cash and
cash equivalents to be maintained;
Credit risk is the risk that a contracting entity
will not complete its obligations under a • have readily accessible standby facilities
financial instrument and cause us to make a and other funding arrangements in place;
financial loss. We have exposure to credit risk
on some financial assets included in our balance • have a liquidity portfolio structure that
sheet. To help manage this risk: requires surplus funds to be invested within
various bands of liquid instruments;
• we have a policy for establishing credit limits
for the entities we deal with; • monitor budget to actual performance on
a regular basis; and
• we may require collateral where appropriate;
and • set limits on borrowings relating to the
percentage of loans to rate revenue and
• we only invest surplus funds with financial percentage of loan principal repayments
institutions which have a recognised credit to rate revenue.
rating specified in our investment policy.

Receivables consist of a large number of
customers, spread across the ratepayer,
business and government sectors. Credit risk
associated with the Corporation’s financial
assets is minimal because the main debtor is
secured by a charge over the rateable property.

76 Whitehorse Manningham Regional Library Corporation Annual Report 2014/15

The Corporation’s maximum exposure to Note 24
liquidity risk is the carrying amounts of
financial liabilities as disclosed in the face of Related Party Transactions
the balance sheet and the amounts related to
financial guarantees disclosed, and is deemed (i) Names of persons holding the position of
insignificant based on prior periods’ data and a Responsible Person at the Whitehorse
current assessment of risk. Manningham Regional Library Corporation
for the period 1 July 2014 to 30 June 2015.
There has been no significant change in the
Corporation’s exposure, or its objectives, Board Members
policies and processes for managing liquidity Councillors
risk or the methods used to measure this risk Cr Bill Bennett
from the previous reporting period. – City of Whitehorse

Unless otherwise stated, the carrying amounts Cr Helen Harris
of financial instruments reflect their fair value. – City of Whitehorse

e) Fair value Cr Michelle Kleinert
– City Of Manningham (to December)
Unless otherwise stated, the carrying amount of
financial instruments reflect their fair value Cr Jim Grivokostopoulos
– City Of Manningham (from December)
Fair value hierarchy
Cr Meg Downie
The Corporations’ financial assets and liabilities – City of Manningham
are not valued in accordance with the fair value
hierarchy, the Corporation’s financial assets and Council Representatives
liabilities are measured at amortised cost. Ms Noelene Duff - City of Whitehorse

(f) Sensitivity disclosure analysis Mr Joe Carbone - City of Manningham

Taking into account past performance, future Community Representatives
expectations, economic forecasts, and Ms Christine Sayle
management’s knowledge and experience of the – City of Whitehorse (to February)
financial markets, the Corporation believes the
following movements are ‘reasonably possible’ Ms Cathy Costa
over the next 12 months: – City of Whitehorse (from May)

• A parallel shift of + 1% and -1% in market Mr Jim Allen
interest rates (AUD) from year-end rates – City of Manningham (to February)
of 1.90%.
Chief Executive Officer
These movements will not have a material Ms Sally Both
impact on the valuation of the Corporations’ – Whitehorse Manningham
financial assets and liabilities, nor will they Regional Library Corporation
have a material impact on the results of the
Corporations’ operations.

Whitehorse Manningham Regional Library Corporation Annual Report 2014/15 77

Note 24 (iii) Senior Officers Remuneration

Related Party Transactions (cont.) A Senior Officer other than a Responsible
Person, is an officer of the Corporation who
(ii) Remuneration of Responsible Persons has management responsibilities and reports
directly to the Chief Executive Officer or whose
Board Members who are Councillors and total annual remuneration exceeds $136,000.
Officers nominated by the Member Councils
do not receive remuneration from Whitehorse The number of Senior Officers other than the
Manningham Regional Library Corporation. Responsible Persons, are shown below in their
relevant income bands:
Total remuneration of responsible persons were
within the following band: 2015 2014
No No
2015 2014
$50,000 - 59,999 No No $140,001-150,000 1
$130,000 - 139,000 1 1
$160,000 - 169,999 1 1 Total Remuneration for
1 - the reporting year for - 149,936
Total Remuneration for 2 Senior Officers Persons
the reporting year for included above amount to
Responsible Persons
included above amount to 165,280 191,371 Other Transactions.

For the 2014 year the amounts were paid to two Manningham and Whitehorse Councils provide
responsible persons for part of the year. library floor space to the Corporation. Any
charges related to the leasing or maintenance
of these branch libraries are not passed on to
the Corporation. The Whitehorse Manningham
Regional Library Corporation leases the
headquarters space at the Box Hill and
Nunawading branches for $68,200 (2013/2014
$68,200) per annum from City of Whitehorse on
a year by year basis. There is no formal tenancy
agreement so it is considered to be an open
ended agreement.

Other related party transactions have been
considered and there are no matters to report.

78 Whitehorse Manningham Regional Library Corporation Annual Report 2014/15

Certification of the Councillor
Financial Report Helen Harris
Date: 26th August, 2015
In my opinion, the accompanying financial
statements have been prepared in accordance Councillor
with the Local Government Act 1989, the Cr Meg Downie
Local Government (Finance and Reporting Date: 26th August, 2015
Regulations) Regulations 2004.
Chief Executive Officer
Australian Accounting Standards and other Sally Both
mandatory professional reporting requirements. Date: 26th August, 2015

Principal Accounting Officer
Julie Lawes
Date: 26th August, 2015

In our opinion, the accompanying financial
report presents fairly the financial transactions
of the Whitehorse Manningham Regional Library
Corporation for the year ended 30 June 2015
and the financial position of the Corporation
as at that date.

As at the date of signing, we are not aware
of any circumstances which would render any
particulars in the financial statements to be
misleading or inaccurate.

We have been authorised by the Library Board
to certify the financial statements in their
final form.

Whitehorse Manningham Regional Library Corporation Annual Report 2014/15 79

INDEPENDENT AUDITOR’S REPORT

80 Whitehorse Manningham Regional Library Corporation Annual Report 2014/15

INDEPENDENT AUDITOR’S REPORT

Whitehorse Manningham Regional Library Corporation Annual Report 2014/15 81

GLOSSARY

ACMA Australian Communications and Media Authority
The ordering, purchasing and accessioning of new library materials
Acquisitions Whitehorse Manningham Regional Library Corporation
Early literacy program with songs and nursery rhymes for parents and babies
Corporation under 18 months
Culturally and Linguistically Diverse
Baby Karaoke Includes any and every article forming the contents of the library collection of
resources available for borrowing, reference or perusal
An accounting allowance made for a loss in value of capital
CALD Electronic audiobooks downloaded for use on an MP3 player or electronic device
Electronic books downloaded for use on an electronic device
Collection FE Technologies; supplier of RFID equipment
Service provided to community members unable to attend a library due to illness,
age or frailty
Depreciation A loan of a collection item provided to or provided by another library service
Includes any and every article forming the contents of the library collection of
eAudiobooks resources available for borrowing, reference or perusal
All the library facilities, resources and activities provided by or under the
eBooks management or control of the Corporation
Governing body of the Whitehorse Manningham Regional Library Corporation
FE Federated search portal allowing users to search multiple library service
catalogues at the same time
Home Library Service Software system utilised to manage the acquisition and circulation of library
materials including the provision of the online library catalogue
Identifies the Corporation’s objectives and strategic direction
Interlibrary Loan Materials available for loan or use in the library
Languages Other Than English
Item A person, school or institution holding a current and valid library membership card
Services provided by the Library to the community through locations other than
library branches
Library Any person making use of the Library Service
Peak body for Victorian public libraries

Library Board Radio Frequency Identification technology that transmits data using radio waves
Programs, services and resources provided to assist patrons in the selection of
Library Link Victoria reading materials
Customer request for information, handled by library staff
The Whitehorse and Manningham local authority areas
Library Management Spydus user-group network
System Includes any and every article forming the contents of the library collection of
resources available for borrowing, reference or perusal
Library Plan Identifies how the Corporation will use its resources to implement the Library Plan

Library resources Average number of times an item is borrowed per annum
Victorian Association for Library Automation – Libraries, Technology and the Future
LOTE Extension to the period of loan for a library item, performed via the internet
A standard for wirelessly connecting electronic devices to the internet
Member

Outreach


Patron

Public Libraries
Network Victoria

RFID

Reader Development


Reference enquiry

Region

SPUN

Stock


Strategic Resource
Plan

Turnover rate

VALA

Web Renewal

Wi-Fi

82 Whitehorse Manningham Regional Library Corporation Annual Report 2014/15

INDEX

Audit Committee ..........................................................p.23 Library Board.............................................................p.7, 21
Auditor’s Report.................................................... p.80-81 Library Collections........................................p.10, 11, 27
Author Talks........................................................... p.38, 42 Library Link Victoria....................................................p.12
Benchmarking.................................................................p.32 Library Management System...........p.7, 9, 10, 27, 29
Book Buddies Program ...............................................p.44 Library Plan...............................................................p. 4, 24
Book Circles ...................................................................p.37 Local Government Act.......................... p.24, 51, 79, 80
Branch Activity..............................................................p.11 Local History........................................................... p.42, 43

Chairperson’s message................................................. p.5 Mission statement.......................................................... p.4
Chief Executive Officer’s message........................... p.6
Collection Management Strategy.......................... p.27 Objectives.......................................................................... p.4
Collections............................................p.8, 11, 28, 29, 40 Occupational Health and Safety..............................p.35
Community consultation........................................... p.32 Online Services..............................................................p.29
Community profile.......................................................... p.2 Organisational Structure.......................................... p.22
Customer service................... p.8, 9, 10, 11, 13, 32-37 Outreach Services..................................p.30, 38, 42-43

Documents available for inspection..................... p.26 Partnerships........................................................... p.42-43
Policies...................................................................... p.24-25
Employee Assistance Program................................p.35 Programs........................................................... p.10, 38-41
Equal Opportunity.........................................................p.35 Protected Discolosures .............................................p.23
Expenditure....................................... p.17, 18-20, 61, 67
Regional Libraries Survey..........................................p.32
Financial Report............................................................p.51 Revenue............................................................. p.17-20, 51
Financial Statements..................................................p.51 RFID........................................................................... p.13-14
Financial Summary............................................... p.17-20 Risk Management................................................. p.23, 24
Fraud Awareness............................................ p.23, 24-25
Freedom of Information.............................................p.23 Staff Development............................................... p.10, 34
Friends of the Nunawading Libraries.....................p.49 Staff Profile............................................................ p.33, 34
Funding.......................................................p.17-20, 52, 64 Story time programs............................................ p.39-41
Strategic Resource Plan.............................................p.24
Glossary............................................................................p.82 Surveys.............................................................................p.32
Governance.............................................................. p.21-25 Sustainability......................................................... p.47, 48
Grant funding..................................................................p.17
Technology Infrastructure.........................................p.36
Home Library Service.......................................... p.30, 44
Homework Club...............................................p.37, 40, 44 Values statement............................................................ p.4
Vision statement............................................................. p.4
Income................................................. p.17-19, 51, 65, 64 Volunteers............................................................... p.44, 49
Information privacy......................................................p.23
Information Services.................................. p.27-28, 30, 38 Work Experience Program.........................................p.47
Information Technology Infrastructure.....................p.36
Internal Audit........................................... p.17, 21, 23, 24 Youth Services....................................................... p.39-41
Internet Services..........................................................p.36

Key Performance Indicators.....................................p.10

Whitehorse Manningham Regional Library Corporation Annual Report 2014/15 83

Whitehorse Manningham

Regional Library Corporation

www.wml.vic.gov.au

ADMINISTRATION BULLEEN LIBRARY THE PINES LIBRARY
1040 Whitehorse Road Bulleen Plaza The Pines Shopping Centre
Box Hill 3128 Manningham Road Cnr Blackburn and
Phone: 9896 4333 Bulleen 3105 Reynolds Roads
Phone: 9896 8450 East Doncaster 3109
BLACKBURN LIBRARY Phone: 9877 8550
Cnr Blackburn and DONCASTER LIBRARY
Central Roads MC Square VERMONT SOUTH LIBRARY
Blackburn 3130 687 Doncaster Road Pavey Place
Phone: 9896 8400 Doncaster 3108 Vermont South 3133
Phone: 9877 8500 Phone: 9872 8650
BOX HILL LIBRARY
1040 Whitehorse Road NUNAWADING LIBRARY WARRANDYTE LIBRARY
Box Hill 3128 379 Whitehorse Road Warrandyte Community Centre
Phone: 9896 4300 Nunawading 3131 168 Yarra Street
Phone: 9872 8600 Warrandyte 3113
Phone: 9895 4250

Facebook “f ” Logo CMYK / .eps Facebook “f ” Logo CMYK / .eps

www.facebook.com/whitehorsemanninghamlibraries

84 Whitehorse Manningham Regional Library Corporation Annual Report 2014/15