Annual Report 2022-23(PDF, 12MB)

      Note 6. Employee Benefits                                                                                                       Note 8. Finance Costs
                                                                                                                                      §SSuubnote§




                                                                                                                                                    $ '000                                                                                    2023               2022
      §TTootal§




              $ '000                                                                            Notes        2023             2022                                                                                       Notes


              Employee benefit expenses are recorded when the service has been provided by the employee.                                            Finance Costs - Queensland Treasury Corporation                        20                  697                 527
              Wages and Salaries                                                                            31,361          28,377                  Bank Charges                                                                               152                 147
              Councillors Remuneration                                                                         584             573                  Impairment of Receivables                                                                   15                   7
              Annual, Sick and Long Service Leave Entitlements                                               5,473           4,957                  Interest on Leases                                                     18                    2                   2
              Superannuation                                                               26                4,091           3,767                  Landfill Restoration                                                   21                8,799               8,016
                                                                                                            41,509          37,674                  Total Finance Costs                                                                     9,665              8,699
              Other Employee Related Expenses                                                                1,915           2,024
                                                                                                            43,424          39,698
                                                                                                                                                    Note 9. Capital Expenses
              Less: Capitalised Employee Expenses                                                          (2,395)         (2,046)
              Total Employee benefits                                                                      41,029         37,652
                                                                                                                                      §Subnote§




                                                                                                                                                    $ '000                                                                                    2023               2022
      Councillor remuneration represents salary, and other allowances paid in respect of carrying out their duties.
                                                                                                                                                    Other Capital Expenses

                                                                                                                                                    Loss on Write-off of Assets                                                              8,974               2,645
                                                                                                                                                                                                                                            8,974               2,645
      §TTootal§




                                                                                                             2023             2022
                                                                                                              FTE              FTE

              Additional information:
              Total Council approved positions at the reporting date:                                                                               Total Capital Expenses                                                                  8,974              2,645




                                                                                                                                                                                                                                                                           Noosa Council Annual Report 2022 - 2023
              Elected members                                                                                    7               7
              Administration staff                                                                             316             280
              Depot and outdoors staff                                                                         109             107
              Total full time equivalent (FTE) positions
                                                                                                                                                    Note 10. Cash, Cash Equivalents and Investments
                                                                                                               432             394
                                                                                                                                                    $ '000                                                                                    2023               2022
                                                                                                                                      §Subnote§




              Note 7. Materials and Services                                                                                          Cash and cash equivalents in the statement of cash flows include cash on hand, all cash and cheques receipted but not banked
                                                                                                                                      at the year end, deposits held at call with financial institutions, other short-term, highly liquid investments with maturities of
                  $ '000                                                                                     2023             2022    three months or less that are readily convertible to cash and which are subject to an insignificant risk of changes in value.
      §Subnote§




                  Expenses are recorded on an accruals basis as Council receives the goods or services.
                                                                                                                                            Cash and Cash Equivalents
                  Administration Supplies and Consumables                                                      725             651
                                                                                                                                            Cash at Bank and On Hand                                                                         1,409              1,484
                  Audit Services *                                                                             249             170
                                                                                                                                            Deposits at Call                                                                                12,879             97,017
                  Communications and IT                                                                        845             928
                                                                                                                                            Term Deposits                                                                                   62,219                  –
                  Consultancy Services                                                                       1,749           1,598
                                                                                                                                            Balance per Statement of Financial Position                                                     76,507             98,501
                  Contract Services                                                                         27,379          24,698
                  Commission Paid                                                                            1,733           1,449          Balance per Statement of Cashflows                                                             76,507              98,501
                  Donations, Contributions and Prizes                                                        3,919           3,532
                  Electricity                                                                                1,533           1,654          Investments
                  Fleet Operating Costs                                                                      1,915           1,996          Term Deposits                                                                                   40,000                   –
                  Grants Paid to Community Organisations                                                     2,244           1,573          Total Investments                                                                              40,000                    –
                  Insurance                                                                                    794             688
                  Legal Expenses                                                                             1,274           1,741
                                                                                                                                      At 30 June 2023, Council had invested $40 million in term deposits with maturity terms greater than 3 months. $30 million of
                  Operating Leases - Rentals                                                                   360             306    these investments are due to mature in July 2023 with the balance maturing in Nov 2023. These investments where made
                  Software and Maintenance                                                                   2,260           2,144    in accordance with Council's investment of surplus funds policy.
                  Water and Sewerage Costs                                                                   1,125             854
                  Other Materials and Services                                                               7,102           6,554
                  Less: Capitalised Internal Expenses                                                        (408)             (45)
                  Total Materials and Services                                                             54,798         50,491
      Audit fees quoted by the Queensland Audit Office relating to the 2022/23 financial statements were $157,500 (2022: $153,500).




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