2019-02-18 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA   18 FEBRUARY 2019


                                     ATTACHMENT 1




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GENERAL COMMITTEE MEETING AGENDA                                                             18 FEBRUARY 2019

                                                                                                       ATTACHMENT 1

Noosa Council
Statement of Income and Expenditure
For the Year Ended 30 June 2019
As at 31 January 2019
                                                     Current           Current
                                                      Budget           Budget           Actual        Variance        Annual
                                                         2019             YTD              YTD             YTD        Budget
                                                       ($'000)          ($'000)         ($'000)          ($'000)         %
Profit and Loss Statement

Revenue
    Recurrent Revenue
    Rates, levies and charges                           66,553          67,336           67,364               28        101%
    Fees and charges                                     5,547           3,562            4,211              649        76%
    Dividend income                                      1,600             800              800                -        50%
    Interest received                                    4,406           2,991            3,134              143        ™1%
    Tax equivalents                                      1,450             963              963                -        66%
    Sale of Goods and major services                     8,770           5,254            5,661             407         65%
    Sale of contract and recoverable works                 16                 -               3                3        19%
    Rental & lease income                                1,530             975              873            (102)        57%
    Other income                                          846              556              769              212        91%
    Grants, subsidies, contributions and donations       5,261           2,859            2,971              112        56%
                                                        95,978          85,296           86,748            1,452        90%
Expenses
    Recurrent Expenses
    Employee benefits                                   32,326          18,568           17,605            (964)        54%
    Materials and services                             41,817           22,477           21,802            (674)        52%
    Finance costs                                        2,400            1,400           1,344             (57)        56%
    Depreciation and amortisation                       19,264          11,237           11,242                4        58%
    Other expenses                                        154               85              105               20        68%
                                                        95,961          53,767           52,097           (1,670)       54%
Operating Result                                           17           31,529           34,651            3,122

Summary of Capital Revenue and Expenditure

Capital Revenue
    Capital contributions and donations                  4,043             885            1,087              202        27%
    Grants, subsidies, contributions and donations       3,375            1,223           1,327              104        39%
    Other capital revenue                                    -                -               -                -
Total Capital Revenue                                    7,419           2,108            2,414              306

Capital Expenditure
    Contributed assets                                   2,000             129               46             (83)        2%
    Constructed assets                                  29,815          20,283           18,046           (2,237)       61%
    Other capital expenses                                   -                -             512              512
Total Capital Expenditure                               31,815          20,412           18,604           (1,808)

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