FINANCIAL PERFORMANCE REPORT – JUNE 2023 · Attachment 1 Statement of Income and Expenditure - Jun 2023

 ATTACHMENT 1 - STATEMENT OF INCOME & EXPENDITURE

Noosa Council
Statement of Income and Expenditure
For the Year Ended 30 June 2023
As at 30 June 2023
                                                           Current    Current
                                                           Budget     Budget     Actual    Variance     Annual
                                                              2023        YTD       YTD         YTD     Budget
                                                            ($'000)    ($'000)   ($'000)     ($'000)      %
Profit and Loss Statement

Revenue
   Recurrent Revenue
   Rates, levies and charges                                83,239     83,239     83,190         (49)    100%
   Fees and charges                                          8,651      8,651      8,251       (399)      95%
   Interest received                                         3,200      3,200      4,432       1,232     138%
   Sale of Goods and major services                         13,218     13,218     13,870         652     105%
   Sale of contract and recoverable works                       23         23         51          29     227%
   Rental & lease income                                     1,626      1,626      1,747         122     107%
   Other income                                              1,030      1,030      1,834         804     178%
   Grants, subsidies, contributions and donations            5,743      5,743      6,941       1,198     121%
   Unitywater Distributions                                  5,950      5,950      5,950           -     100%
                                                           122,679    122,679    126,267       3,587     103%
Expenses
   Recurrent Expenses
   Employee benefits                                        42,423     42,423     41,375       1,047      98%
   Materials and services                                   58,883     58,883     53,614       5,269      91%
   Finance costs                                             1,301      1,301      1,327         (27)    102%
   Depreciation                                             19,654     19,654     19,681         (26)    100%
   Other expenses                                              256        256        227           29     89%
                                                           122,517    122,517    116,225       6,292      95%

Operating Result                                               163        163     10,042       9,879

Summary of Capital Expenditure and Funding

Capital Funding
   Capital cash contributions and infrastructure charges     1,505      1,605      3,212       1,607     213%
   Contributed assets                                        1,500      1,500        451     (1,049)      30%
   Capital grants and subsidies                             32,136     32,036     36,921       4,885     115%
   Cash / revenue                                           17,242     23,001     10,446    (12,555)      61%
   New loan borrowings                                       5,759          -          -           -      0%
   Other capital revenue                                         -          -         18          18      0%
Total Capital Funding                                       58,142     58,142     51,048     (7,094)

Capital Expenditure
   Contributed assets                                        1,500      1,500        451     (1,049)      30%
   Capital works - constructed assets                       52,762     52,762     44,289     (8,473)      84%
   Capital works - other capital                             2,877      2,877      1,301     (1,576)      45%
   Loan redemption                                           1,003      1,003      1,003           -     100%
   Other capital expenses                                        -          -      4,003       4,003      0%
Total Capital Expenditure                                   58,142     58,142     51,048     (7,094)