Noosa Council Annual Report 24/25

Operating expenditure – where the money goes                                                                         Statement of Financial Position

Council expended a total of $139.8 million in undertaking operating activities during the financial year.            The Statement of Financial Position (or balance sheet) measures what Council owns (i.e. its assets), and what
                                                                                                                     we owe (i.e. liabilities) to determine the total community equity (net worth) at the end of each financial year.
Figure 5 presents a breakdown by expenditure type for operating expenditure incurred during 2024/25.                 Overall, Council’s investment in community capital continues to grow steadily.


Figure 5 – Operating Expenses by Function 2024/25                                                                    Figure 6 summarises the movement in Council’s assets and liabilities that comprise community equity.


                             2% Finance & Other Costs                                                                Figure 6 – Comparative Statement of Financial Position 2024/25 ($’000)


                 16% Depreciation
                                                                                                                                                     2023/24            2024/25
                                                                                                                                                      ($’000)            ($’000)

                                                                                                                        Assets                       1,524,567          1,645,919

                                                                                                                        Liabilities                    116,821            104,796

                                                                                                                        Community Equity              1,407,746          1,541,123
                                                                                          45% Materials & Services

                                                                                                                     Figure 7 shows Council’s cash and debt holdings (including investments) as at 30 June 2025 compared




                                                                                                                                                                                                                                                Noosa Council Annual Report 24/25
                                                                                                                     to the previous year.


                                                                                                                     Cash levels are high due to the advance payment of multi-year waste levy subsidies, increased capital grant
                                                                                                                     funding and the timing of capital works projects. Debt levels have remained consistent as Council continues
     37% Employee Benefits                                                                                           to strengthen its debt position. Overall, our net cash position (i.e. cash less debt) continues to be strong with
                                                                                                                     an increase of $4.1 million year on year.


                                                                                                                     Figure 7 – Cash and Debt Comparison 2024/25 ($’000)

Key Council expenditure sources include:                                                                             $120,000



 — E
    mployee benefits - includes staff wages, superannuation, fees paid to Councillors and other                     $100,000

   employment costs.
 — D
    epreciation expenditure – records the consumption of community infrastructure assets over their                 $80,000

   respective useful lives and provides an indication of the level of required expenditure on the rehabilitation
   and renewal of existing assets annually. The revaluation of infrastructure assets during the year has also        $60,000

   impacted the annual depreciation charge.
 — M
    aterials and services – include information communication technology, consultancy services, contractor          $40,000

   services, electricity, external hire, rentals, repairs and maintenance, and advertising and donations.
 — F
    inance and other costs – include interest paid on loan borrowings, bank charges and movements in the            $20,000

   provision for future landfill rehabilitation costs.
                                                                                                                          $0
                                                                                                                                                        Cash (inc Investments)                               Debt

                                                                                                                                                                                                            2023/24 ($,000)   2024/25 ($,000)




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