2019-12-10 P&E Agenda - Item 6 - Attachment 1 - NBRF Annual Report 2018-19

3. MANAGEMENT ACCOUNTS
The fiscal accounts are quite complex due to the correct accounting treatment of grant monies not paid out as a
balance sheet liability. The fiscal accounts consolidate everything into one P&L and we wish to manage by project
and operational expenses. Finally we want some actionable reports we can use on a monthly and year to date
basis.

We have implemented a system of Management Accounts to help us do this. A copy of the full year management
accounts for 2018/19 is given in Appendix B. This is completed on a simpler “as it happens” cash basis.

These are now in regular use in the Board Meetings.




4. STATUS OF THE PERIODIC REVIEW
After much work between NBRF and the Council, our 10 year periodic review of progress was submitted to
UNESCO. The document is an in depth analysis of our progress since designation in 2007 and our future plans.
The following media release by Council is a great summary of the result of our submission:-

      Noosa Biosphere Reserve gets the nod of approval from UNESCO’s 10-year review

      Noosa Shire’s place among the world’s biosphere reserves is assured for another decade, with UNESCO
      giving Noosa Biosphere Reserve the 10-year tick of approval.

      Mayor Tony Wellington said the acknowledgement is another win for the region.

      “It is wonderful to receive confirmation that UNESCO has not only confirmed the ongoing status of the
      Noosa Biosphere Reserve, but that they have done so with accolades.

      “Noosa Shire was designated a Biosphere Reserve in 2007 by UNESCO’s Man and the Biosphere program.
      In true pioneering Noosa fashion, it was the first biosphere designation in Queensland,” he said.

      The World Network of Biosphere Reserves, which recognises areas that demonstrate a balanced relationship
      between nature and people, now consists of 701 biosphere reserves in 124 countries.

      In its review, the Advisory Committee acknowledged the efforts to manage tourism and the Noosa Biosphere
      Reserve Foundation’s initiatives across the restoration of fish in the river and work on koala populations.

      “All Biosphere Reserves are required to carry out periodic reviews and report back to UNESCO. This is
      Noosa’s first assessment, and it appears we passed with flying colours.

      “The Advisory Committee noted our Zero Emissions Noosa objective, and encouraged authorities to
      continue efforts to reach this goal. They also commended Noosa on its efforts to deal with feral animals
      that present major threats to biodiversity conservation, entreating us to share our experiences with other
      biosphere reserves that also suffer from invasive species.”

      Mr Wellington said this achievement must be shared by many.

      “I want to thank everyone who has been directly or indirectly involved in the Noosa Biosphere Reserve
      management and activities over the past 12 years.

      “The Man and the Biosphere program seeks to encourage actions that improve the overall relationship
      between people and their environment. Enjoying a great living and working environment, whilst protecting
      and respecting the natural environment – that’s exactly what Noosa is all about.”


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