Meeting papers

ATTACHMENT ONE - STATEMENT OF INCOME AND EXPENDITURE

Noosa Council
Statement of Income and Expenditure
For the Year Ended 30 June 2024
As at 30 November 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                                89,287     44,558    44,510          (48)    50%
   Fees and charges                                         11,363      5,184     5,025        (159)     44%
   Interest received                                         2,820      1,293     2,980        1,688     106%
   Sale of Goods and major services                         13,904      5,716     6,521          804     47%
   Sale of contract and recoverable works                       23          -         0             0     0%
   Rental & lease income                                     1,733        722       666          (56)    38%
   Other income                                              1,129        476       634          158     56%
   Grants, subsidies, contributions and donations            6,225      2,571     2,870          299     46%
   Unitywater Distributions                                  5,950      2,130     2,135             5    36%
                                                           132,434     62,650    65,340        2,691     49%
Expenses
   Recurrent Expenses
   Employee benefits                                        49,593     20,202    19,225          977     39%
   Materials and services                                   60,653     23,572    23,480            92    39%
   Finance costs                                             1,401        593       644          (51)    46%
   Depreciation                                             21,294      8,872     8,876           (3)    42%
   Other expenses                                              255        119        85            34    33%
                                                           133,195     53,358    52,310        1,049     39%

Operating Result                                              (761)     9,291    13,031        3,739

Summary of Capital Expenditure and Funding

Capital Funding
   Capital cash contributions and infrastructure charges     1,584      1,159     1,159            -     73%
   Contributed assets                                        1,500          -     2,570        2,570     171%
   Capital grants and subsidies                              8,696      1,426     6,269        4,843     72%
   Cash / revenue                                           35,293     17,470    17,539           69     50%
   New loan borrowings                                       5,759          -         -            -      0%
   Other capital revenue                                         -          -        18           18      0%
Total Capital Funding                                       52,833     20,055    27,555        7,500

Capital Expenditure
   Contributed assets                                        1,500          -     2,570        2,570     171%
   Capital works - constructed assets                       43,112     17,845    23,037        5,192     53%
   Capital works - other capital                             7,010      1,605       864        (742)     12%
   Loan redemption                                           1,210        605       605            -     50%
   Other capital expenses                                        -          -       480          480      0%
Total Capital Expenditure                                   52,833     20,055    27,555        7,500




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