Funding
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.
Income
Total income for 2010-11 was $466.5m, which is an increase of $33.6m over the previous year's total of $432.9m. The reasons for this variation are an increase of $4.9m in government and insurance contributions, a decrease in major incident funding of $2.8m, an increase in supplementary funding of $24.5m (attributable to funding received in relation to the 2009 Victorian Bushfires Royal Commission Outcomes and Valuing Volunteers), an increase in other income of $3.7m, an increase in Sales of Goods and Services of $0.8m, and an increase in interest income of $2.5m.
Government and statutory funding
CFA received contributions from Government and other sources amounting to $400.4 million (2008-09 $410.8 million). Under the CFA Act, CFA receives funding of annual expenditure from the State Government (22.5 per cent), insurance contributions (77.5 per cent), and from other companies under Section 80A of the CFA Act (which relates to property located in Victoria but insured offshore). During 2009-10, statutory contributions totalled $400.4 million, comprising $75.9 million from the State Government (of which $16.5 million was treated as contributed capital), $0.6 million from the Commonwealth Government, $303.2 million from insurance companies, and $20.7 million from other companies.
Sales of goods and services
CFA received $14.5m during the year from the provision of goods and services to external bodies (2009-10 $13.7m). This includes the provision of external training services, fire protection fees, alarm monitoring, dangerous goods inspections, and charges for hazardous materials incidents.
Other income and interest
Other income during the year totalled $17.8m from a number of sources including the Transport Accident Commission, public donations and recognition of additional brigade assets. Interest income for the year totalled $7.0m.
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