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2019-06-28 Special Meeting Agenda
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SPECIAL MEETING AGENDA 28 JUNE 2019
5 Budget Breakdown
A brief outline of the main elements of Council budget is provided below.
5.1 Operating Revenue
Net Rates and Utility Charges
Total 2019/20 budgeted net rates and utility charges total $68 million, with the early payment
discount ($2.2 million), pensioner concessions ($656k), and general rate donations for
community organisations ($139k) continuing. An average residential property on the minimum
general rate will receive an annual increase in total rates and charges of $36.50 or 2.5%.
Included in this amount is a minimum general rate increase of $20 (1.8%) below the Queensland
local government cost index of 2%, an increase in the environment levy of $10 (16.7%) to fund
the implementation of Noosa River Plan identified actions and private land conservation
partnerships expansion, and a $7.50 (2.3%) increase in the 3-bin waste collection charge
resulting from additional contract costs to Council for waste recycling.
Full details of Council’s rates and charges are contained in the Revenue Statement 2019/20.
Fees and Charges
Council has forecast $6.6 million in revenue from fees and charges in 2019/20, an increase of
$1.1 million or 20%. Development related revenue of $1.6 million and local laws revenue of $1.4
million makes up 45% of the total Council fees and charges budget.
Rental Income
Total 2019/20 budgeted rental income primarily related to property leasing totals $1.3 million.
Included in this total is $919k specifically relating to commercial property leasing arrangements
including the ferry and Sunrise shopping centre.
Interest Received
Interest on cash investments and overdue rates is anticipated to reach $1.41 million in 2019/20.
This is slightly lower than that budgeted for the 2018/19 year and is based on expected cash
balances and rate arrears throughout the year.
Sales
Total sales revenue for 2019/20 is estimated at $9.6 million. Sales revenue is derived from
activities such as holiday park occupancy, waste management disposal fees and recyclable
sales, and revenue generated from Council’s community facilities (Aquatic Centre, Leisure
Centre, The J, etc.)
Unitywater Interest
Interest associated with Council’s equity holding in Unitywater is estimated at $2.6 million for
2019/20.
Other Unitywater Payments
Dividend and tax payments associated with Council’s equity holding in Unitywater is estimated at
$3 million for 2019/20
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