Meeting papers

GENERAL COMMITTEE MEETING                                                      11 DECEMBER 2023


6.2     NOOSA JUNCTION LEVY AND REVENUE STATEMENT AMENDMENT - 2023-24
        BUDGET



Author              Director Corporate Services, Trent Grauf
                    Corporate Services Department
Index               47.26 Noosa Junction Levy
Attachments         1.   ATTACHMENT 1 2023-24 Revenue Statement REVISED DEC 2023


EXECUTIVE SUMMARY
Under section 94 of the Local Government Act 2009 and section 170 of the Local Government
Regulation 2012, Council is required to adopt, for each financial year a budget and revenue
statement. Council may decide by resolution to amend its budget and revenue statement, including
rates and charges.


The Noosa Junction Levy, as set out in Section 4.3 and Appendix 3 of the 2023-24 Revenue
Statement, applies a charge of 0.2582 cents in the dollar of rateable land valuation to all properties
identified in the Overall Plan's Levy Benefited Area. These funds are utliised by the Noosa Junction
Association to undertake projects and initiatives. This charge was set through the budget adoption
on 30 June 2023 to generate additional revenue in line with CPI of 7.7% for the 2023/24 Financial
Year.


The Noosa Junction Association has advised that no increase in funding is needed for the 2023/24
financial year, and as such it is proposed to reduce the Noosa Junction Levy by 10% for the January
2024 second rates and charges levy for the year. This reduction will also provide some financial
relief to affected ratepayers.


RECOMMENDATION
That Council note the report by the Director Corporate Services to the General Committee Meeting
dated 11 December 2023 and pursuant to section 94 of the Local Government Act 2009 and section
94 of the Local Government Regulation 2012, resolve to:
      A. Reduce the special charge for the Noosa Junction Levy for the second January 2024 levy by
         10% from 0.2583 to 0.2329 cents in the dollar;
      B. Advise the levy benefit area ratepayers of the proposed change;
      C. Adopt the attached revised Revenue Statement for the 2023/24 Budget; and
      D. Refer the revenue and expenditure disclosure changes to be reflected in the 2023/24 Budget
         at Budget Review 2 (BR2).


REPORT
Under section 94 of the Local Government Act 2009 and section 170 of the Local Government
Regulation 2012, Council is required to adopt, for each financial year a budget and
revenue statement. Council may decide by resolution to amend its budget and revenue statement,
including rates and charges.




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