2019-06-28 Special Meeting Agenda

SPECIAL MEETING AGENDA                                                               28 JUNE 2019


Other Income

Income from other sundry sources is estimated at $880k for the 2019/20 financial year.

Grants & Subsidies

Operating grants and subsidies of $5.1 million relate primarily to the annual financial assistance
grant $2.2 million, Australian and Queensland government payments totalling $2.5 million to fund
Noosa Community Support operations, and Queensland government library funding of $264k.

5.2   Operating Expenditure

Employee Benefits

Employee costs of $33.9 million represents the staff operational cost of Council and includes all
employee related expenditure including superannuation, workers compensation insurance and
staff training. The total increase in staff costs from 2018/19 is 5.1%, which includes additional
resourcing with respect to local laws, capital delivery and asset management, human resources,
building certification and compliance, environment, property, and building and facility
maintenance increasing the total Council establishment to 375 FTE.

Materials and Services

Materials and services are a significant component of Council’s expenditure budget at $44.2
million. $8.8 million in maintenance and operational costs has been allocated to maintain and
enhance service levels for shire parks and natural areas, roads and beaches and canals. Waste
management costs of $9.4 million have increased due to increased recycling contract disposal
and processing costs in addition to inflation allowances for waste collection and landfill contracts.

Other significant expense items included in the budget include annual lifeguard service provision
by SLSQ, holiday park operations, Tourism Noosa payments for tourism promotion and operating
and maintenance costs for Council’s community and commercial facilities.

Finance Costs

Finance costs of $1.5 million includes $1.2 million for interest payments on Council borrowings
with Queensland Treasury Corporation, future landfill rehabilitation provisioning and bank and
merchant fees.

Depreciation

The budget includes asset consumption costs of $18.7 million and has decreased by $551k when
compared to the 2018/19 budget due to a review of Council’s road asset financial data.

Other Expenses

Other expenses are estimated at $188k for 2019/20.

6     Capital Budget

Council’s 2019/20 capital budget of $28.4 million includes an investment of $18 million to renew
existing infrastructure, with an additional $10.4 million for new and upgrade works. Council
intends to fund the program via a mix of grants ($4.6 million) and cash ($23.8 million).



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