Noosa Council Annual Report 24/25

Where was the budget spent?                                                                                                Operating revenue – where the                                   Key Council revenue sources include:
                                                                                                                           money came from                                                  — R ates and utility charges comprising general
Council spends significant amounts of ratepayer funds providing a range of services to the Noosa community.                                                                                    rates, charges for waste collection and disposal,
A summary of the cost of the services for our major service areas is provided in Figure 2. Spending on these               Throughout the financial year, Council received a total             special rates such as the environment levy as well
services (including roads, bridges, parks, community facilities and waste management) makes up a significant               of $140.3 million in operating revenues (rates, fees,               as other separate rates and special charges.
component of Council’s annual budget.                                                                                      operating grants), $63.0 million in capital revenues             — F ees and charges include a range of regulatory
                                                                                                                           (developer contributions, capital grants, and other                 fees and charges as well as revenue from
Figure 2 – Operating Cost of Core Council Services 2024/25 ($’000)                                                         capital revenue) and $7.7 million recorded as revenue               commercial operations such as holiday parks
                                                                                                                           from Council’s share of investment in Unitywater.                   and waste management.
   $35,000                                                                                                                                                                                  — Interest revenue includes the return from the
   $30,000                                                                                                                  Figure 4 outlines the sources of Council’s operating               investment of available cash.
                                                                                                                           revenues including Unitywater distributions received             — R evenue from other income includes tax payments
   $25,000
                                                                                                                           in 2024/25.                                                         from Council’s shareholding in Unitywater
   $20,000

    $15,000
                                                                                                                           Figure 4 – Operating Revenue Sources 2024/25
    $10,000

    $5,000                                                                                                                                                    2% Other Income

        $0


                                                                                                                                        18% Fees & Charges




                                                                                                                                                                                                                                                        Noosa Council Annual Report 24/25
                                                                                                                           4% Interest Revenue

Statement of Comprehensive                                      Figure 3 – Council Net Result Financial
Income                                                          Performance 2024/25 ($’000)
                                                                                                                                 5% Grants &
                                                                                                                                 Othe Revenue

This statement (also known as the profit and loss)                                              2023/24        2024/25
measures how Council performed financially in                                                    ($’000)        ($’000)
relation to funding its operations during the financial                                                                             8% Unitywater
                                                                                                                                                                                                                          63% Rates & Utility Charges
year. In simple terms, it summarises how much money                   Revenue                    198,244         210,974
was received by Council and how much was spent in a
particular year. Figure 3 summarises Council’s 2024/25                Expenses                    151,422        150,071
financial performance.
                                                                      Net Result                  46,822         60,903

The 2024/25 net result of $60.9 million includes
non-operational items such as revenue received                  The removal of $52.7million of non-operational             The above breakdown in operating revenue confirms that Council continues to have significant control over the
specifically to fund capital expenditure (including             items shows Council’s actual operating surplus to          majority of its income sources, and as a result is not reliant on other levels of government or external agencies to
grants and subsidies and developer contributions),              be $8.2 million (including the equity share of profit      maintain its financial independence.
Council’s share of Unitywater’s annual profit,                  in Unitywater).
movements in investment property valuations, and
asset disposals.




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