Noosa Council Annual Report 24/25

Community
Financial Report
Overview                                                                                          Background                                                    Collectively, these financial statements provide
                                                                                                                                                                a formal picture of the financial strength of an
This report simplifies the detailed financial information
that Council is required to prepare under legislation
                                                                    $148 million                  Council’s annual financial statements are prepared
                                                                                                  to comply with Australian Accounting Standards
                                                                                                                                                                organisation.

                                                                    Operating Revenue generated                                                                 The Community Financial Report (CFR) consists of five
and provides a summary of Council financial                                                       and contain specific information regarding financial
performance for the 2024/25 financial year.                                                       performance.                                                  key reporting elements, each of which has a specific
                                                                                                                                                                purpose for the measurement and presentation of
The period ended 30 June 2025 represents another                                                  Financial statements include:                                 Council’s finances. The linkages between the five key
positive financial result for Council and provides a firm                                          — a  Statement of Comprehensive Income (i.e. Profit         elements are shown in Figure 1.
foundation for future operations. Ongoing innovation                Strong                             and Loss),
and a commitment to strong financial management                                                    — a  Statement of Financial Position (i.e. Balance
                                                                    Cash & Debit Position
through compliance with our Financial Sustainability                                                   Sheet),
Policy will ensure that this position is maintained into                                           — a  Statement of Changes in Equity, and
the future.                                                                                        — a  Statement of Cash Flows.




                                                                                                                                                                                                                        Noosa Council Annual Report 24/25
Highlights and achievements                                         Over

Council has achieved another positive financial result
                                                                    $1.5 billion
                                                                    in Community Equity               Figure 1 - Financial Reporting Elements
this year. The following outcomes were achieved
during the year:


1. An operating surplus of $8.2 million resulting from
     revenues received being higher than forecast, good
     management of our expenditure, as well as some
                                                                    $65 million                                                    Statement                          Statement of
     unspent levy and grant funds that are required to be           on renewal of                                                  of Cash                            Comprehensive
     held for future use.                                           Infrastructure Assets                                          Flows                              Income
2. A net financial result of $60.9 million when
      including Council’s share of Unitywater’s annual
      profit, capital revenue and capital expenditure to                                                                                             Financial

                                                                    $56 million
      Council’s operating position.
                                                                                                                                                      Ratios
3. State and federal government support for both
      operating and capital projects continued with grant           received in Capital
      funding of $59.4 million received, with $46.5 million         Grants & Subsidies
      relating to QRA funded disaster reconstruction
                                                                                                                                   Statement                          Statement
                                                                                                                                   of Changes                         of Financial
      projects.
                                                                                                                                   in Equity                          Position
4. Continued investment in infrastructure
      replacement to maintain service levels to the                 Credit rating
      community, with $14.1 million in capital works
                                                                    Sound with a Neutral
      delivered and a further $62.8 million expended on
                                                                    outlook maintained
      QRA funded disaster projects.


                                                              124                                                                                         125

Communit Financial Report Collectively, these financial statements provide Overview Background a formal picture of the financial strength of an This report simplifies the detailed financial information Council’s annual financial statements are prepared organisation. $148 million that Council is required to prepare under legislation to comply with Australian Accounting Standards Operating Revenue generated The Community Financial Report (CFR) consists of five and provides a summary of Council financial and contain specific information regarding financial performance for the 2024/25 financial year. performance. key reporting elements, each of which has a specific purpose for the measurement and presentation of Financial statements include: Council's finances. The linkages between the five key The period ended 30 June 2025 represents another positive financial result for Council and provides a firm a a Statement of Comprehensive Income (i.e. Profit elements are shown in Figure 1. foundation for future operations. Ongoing innovation and Loss), Strong and a commitment to strong financial management Cash & Debit Position a Statement of Financial Position (i.e. Balance through compliance with our Financial Sustainability Sheet), Policy will ensure that this position is maintained into a Statement of Changes in Equity, and the future. a Statement of Cash Flows. Highlights and achievements Over aoa z Council has achieved another positive financial result $1.5 billion Figure 1 - Financial Reporting Elements this year. The following outcomes were achieved in Community Equity during the year: An operating surplus of $8.2 million resulting from revenues received being higher than forecast, good $65 million Statement management of our expenditure, as well as some Statement of unspent levy and grant funds that are required to be on renewal of of Cash Comprehensive held for future use. Infrastructure Assets Flows Income 2 Anet financial result of $60.9 million when including Council's share of Unitywater’s annual profit, capital revenue and capital expenditure to Financial Council's operating position. Ratios 3 State and federal government support for both $56 million operating and capital projects continued with grant received in Capital funding of $59.4 million received, with $46.5 million Grants & Subsidies Statement Statement relating to QRA funded disaster reconstruction of Financial projects. of Changes in Equity Position Continued investment in infrastructure replacement to maintain service levels to the Credit rating community, with $14.1 million in capital works Sound with a Neutral delivered anda further $62.8 million expended on outlook maintained QRA funded disaster projects. 124 125