2014-11-17 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA   17 NOVEMBER 2014




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GENERAL COMMITTEE MEETING AGENDA                                                                                    17 NOVEMBER 2014

             Noosa Council
             Statement of Comprehensive Income
             For the Year Ended 30 June 2015
             As at 31-Oct-2014
                                                                      Budget              Budget              Actual             Percentage
                                                                       2015                 YTD                 YTD            Annual Budget
                                                                         $                   $                   $                   %

             Revenue
                   Recurrent Revenue
                   Rates, levies and charges                            60,515,037          29,667,644          29,703,945                 49%
                   Fees and charges                                      9,577,348           3,567,771            3,847,051                40%
                   Rental income                                         2,065,092                    -                   -                 0%
                   Interest received                                     4,467,000           1,273,167            1,449,662                32%
                   Tax equivalents                                         775,526              87,949               87,949                11%
                   Profit from investments                                       -                    -                   -
                   Other income                                          2,981,558           1,029,297            1,166,856                39%
                   Grants, subsidies, contributions and donations        5,321,609           1,791,097            1,916,518                36%
                                                                        85,703,170          37,416,923           38,171,982                45%
             Expenses
                   Recurrent Expenses
                   Employee benefits                                    27,742,957           9,018,316            8,824,490                32%
                   Materials and services                               37,784,311          10,934,544           10,470,520                28%
                   Finance costs                                         2,524,711             921,570             867,052                 34%
                   Depreciation and amortisation                        17,523,468           5,841,156            5,841,156                33%
                   Other expenses                                          105,886              37,660              40,141                 38%
                                                                        85,681,333          26,753,247          26,043,359                 30%

             Operating Result                                               21,837          10,663,676           12,128,623

             Capital Revenue
                   Capital contributions and donations                   1,843,100             614,367             696,482                 38%
                   Grants, subsidies, contributions and donations        2,810,000           1,132,678            1,161,678                41%
                   Other capital revenue                                   427,000              86,333               92,904                22%
             Capital Expenses
                   Capital Expenses                                              -                    -                   -
             Net Result                                                  5,101,937          12,497,054           14,079,686
             Other Comprehensive Income
               Increase / (decrease) in asset revaluation surplus                -                    -                   -
               Other Comprehensive Income                                        -                    -                   -
             Total Other Comprehensive Income                                    -                    -                   -
             Total Comprehensive Income                                  5,101,937          12,497,054           14,079,686

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