Noosa Council Annual Report 24/25

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 9. Capital Expenses                                                                                                                  Note 10. Cash, Cash Equivalents and Investments (continued)
§Note/Subtotal§
§Subnote§




                                                                                                                                          §Note/Subtotal§
                                                                                                                                          §Total§




$ '000                                                                                Notes                2025                 2024      $ '000                                                                                              2025               2024

(a) Loss on Disposal of Non-Current Assets                                                                                                Restricted and Internally Allocated Cash and Cash Equivalents

Proceeds from the disposal of property, plant and equipment                                                  424                    –     Unrestricted Cash
Less: carrying value of disposed property, plant and equipment                          15                 (482)                    –     Cash and Cash Equivalents                                                                          83,238             76,126
                                                                                                              58                    –     Less: Externally Imposed Restrictions on Cash                                                    (30,742)           (23,048)
                                                                                                                                          Unrestricted Cash                                                                                 52,496             53,078
Loss on disposal of non-current assets                                                                        58                    –
                                                                                                                                          Restricted Cash and Cash Equivalents

                                                                                                                                          Council's cash and cash equivalents are subject to a number of internal and external restrictions that limit amounts available
(b) Revaluation Decrement
§Subnote§




                                                                                                                                          for discretionary or future use. These include:

Downwards Revaluation of Investment Property                                            14                      –                250      (i) Externally Imposed Expenditure Restrictions at the reporting date relate to
                                                                                                               –                 250      the following Cash Assets:

                                                                                                                                          Unspent Government Grants and Subsidies                                                           19,903             16,444
                                                                                                                                          Unspent Levy Funds                                                                                 7,093              4,226
(c) Other Capital Expenses
§Subnote§




                                                                                                                                          Unspent Developer Contributions                                                                    3,746              2,378
                                                                                                                                          Total Externally Imposed Restrictions on Cash Assets                                              30,742             23,048




                                                                                                                                                                                                                                                                            Noosa Council Annual Report 24/25
Loss on Write-off of Assets                                                             15               10,203               19,916
                                                                                                         10,203              19,916       (ii) Internal Allocations of Cash at the Reporting Date:
                                                                                                                                          Internal Allocations of Cash may be lifted by a Council with a resolution.

                                                                                                                                          Future Asset Replacement                                                                           3,555              3,815
§Subnote§




Total Capital Expenses                                                                                  10,261              20,166        Natural Disaster Rehabilitation                                                                    3,543              3,565
                                                                                                                                          Waste Management                                                                                  16,735             14,301
                                                                                                                                          Specific Purpose Recurrent                                                                         1,476              1,341
Note 10. Cash, Cash Equivalents and Investments                                                                                           Total Internally Allocated Cash                                                                   25,309             23,022
§Note§




§Subnote§




                                                                                                                                          Total Unspent Restricted Cash                                                                     56,051             46,070
$ '000                                                                                                     2025                 2024
                                                                                                                                          Cash and deposits at call are held in the Commonwealth Bank in a normal business cheque account. On call accounts are
Cash and cash equivalents in the statement of cash flows include cash on hand, all cash and cheques receipted but not banked              also held with QTC. Deposits at call earn variable interest over varying terms at interest rates between 3.70% and 5.59%.
at the year end, deposits held at call with financial institutions, other short-term, highly liquid investments with initial maturities
of three months or less that are readily convertible to cash and which are subject to an insignificant risk of changes in value.          Investments
                                                                                                                                          Term deposits with an initial maturity term greater than three months are treated as investments, with deposits of less than
                                                                                                                                          three months being reported as cash equivalents.
Cash and Cash Equivalents
Cash at Bank and On Hand                                                                                  1,237                1,578
Deposits at Call                                                                                          6,893                3,547
                                                                                                                                          Note 11. Receivables
                                                                                                                                          §Note§




Term Deposits                                                                                            75,108               71,001
Balance per Statement of Financial Position                                                              83,238              76,126       §Subnote§




Balance per Statement of Cash Flows                                                                                                       Settlement of receivables is required within 30 days after the invoice is issued.
                                                                                                         83,238              76,126
Investments                                                                                                                               Because Council is empowered under the provisions of the Local Government Act 2009 to sell an owner's property to recover
                                                                                                                                          outstanding rate debts, Council does not impair rate receivables.
Term Deposits                                                                                            25,828               30,000
Total Investments                                                                                        25,828              30,000       All known bad debts were written-off at 30 June. If an amount is recovered in a subsequent period it is recognised as revenue.




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