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Noosa Council Annual Report 24/25
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Noosa Council Noosa Council
Notes to the Financial Statements Notes to the Financial Statements
for the year ended 30 June 2025 for the year ended 30 June 2025
Note 4. Interest and Other Income Note 6. Employee and Councillor Costs (continued)
§Note/Subtotal§
§Subnote§
§Note/Subtotal§
§Total§
$ '000 2025 2024 2025 2024
FTE FTE
(a) Interest and Investment Revenue
Total Council Employees at the reporting date:
Interest received from financial institutions and term deposits is accrued over the term of the investment. Elected Members 7 7
Administration Staff 323 326
Interest from Financial Institutions and Term Deposits 5,691 6,354 Depot and Outdoors Staff 120 112
Interest from overdue Rates and Utility Charges 917 705 Total Full Time Equivalent Employees 450 445
Loan to Unitywater 2,382 2,220
Total Interest and Investment Revenue 8,990 9,279
Note 7. Materials and Services
§Note§
(b) Other Income
§Subnote§
§Subnote§
$ '000 2025 2024
Dividends are recognised when they are declared. Expenses are recorded on an accruals basis as Council receives the goods or services.
Unitywater Income Tax Equivalent Received 1,611 1,400 Administration Supplies and Consumables 848 786
Other 1,447 1,344 Audit Services * 274 200
Total Other Income 3,058 2,744 Communications, IT Equipment Maintenance & Software 4,136 3,745
Consultancy Services 2,415 1,660
Noosa Council Annual Report 24/25
Contract Services** 28,999 28,729
Commission Paid 1,856 1,706
Note 5. Capital Income
§Note§
Donations, Contributions and Prizes 3,771 4,004
Electricity 2,017 1,683
§Subnote§
$ '000 Notes 2025 2024
Fleet Operating Costs 2,476 2,219
(a) Provision for restoration of land Fraud Related Loss 1,700 –
Change in provision due to movement in discount rate and estimate of future Grants Paid to Community Organisations 1,460 1,511
cost 21 7,329 – Insurance 902 845
7,329 – Legal Expenses 1,568 3,528
Materials 4,239 2,215
Total Capital Income 7,329 – Operating Leases - Rentals 418 472
State Waste Levy 5,436 4,694
State Waste Levy Subsidy *** (3,027) (2,585)
Water and Sewerage Costs
Note 6. Employee and Councillor Costs 1,281 1,363
§Note§
Other Materials and Services 2,495 3,943
Less: Capitalised Internal Expenses (212) (383)
§Subnote§
§Total§
$ '000 Notes 2025 2024
Total Materials and Services 63,052 60,335
Employee Benefit expenses are recorded when the service has been provided by the Employee.
Wages and Salaries * Audit fees quoted by the Queensland Audit Office relating to the 2024/25 financial statements were $186,500 (2024:
38,895 35,427
$193,382).
Councillors Remuneration 607 603 ** Contract Services includes Waste Collection, Roads & Parks maintenance and Lifeguard service contracts.
Annual, Sick and Long Service Leave entitlements 6,641 6,466 *** The Queensland State Government rebated $3,027,296 (2024: $2,584,782) of the state waste levy to mitigate the direct
Superannuation 26 5,229 4,621 impacts on households.
51,372 47,117
Other Employee Related expenses 2,995 2,728
Note 8. Finance Costs
§Note§
54,367 49,845
§Subnote§
Less: Capitalised Employee expenses (2,185) (2,480) $ '000 Notes 2025 2024
Total Employee Benefits 52,182 47,365
Finance Costs - Queensland Treasury Corporation 20 710 670
Councillor Remuneration represents Salary, and Other Allowances paid in respect of carrying out their duties. Bank Charges 152 160
Impairment of Receivables 10 21
Interest on Leases 18 52 6
Landfill Restoration 21 1,401 529
Total Finance Costs 2,325 1,386
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