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2019-03-18 General Committee Agenda
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AGENDA
General Committee
Meeting
Monday, 18 March 2019
commencing at 10am
Council Chambers, 9 Pelican Street, Tewantin
Committee: Crs Frank Wilkie (Chair), Jess Glasgow, Ingrid Jackson,
Joe Jurisevic, Frank Pardon, Brian Stockwell, Tony Wellington
“Noosa Shire – different by nature”
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Section 2
GENERAL COMMITTEE MEETING AGENDA 18 MARCH 2019
TABLE OF CONTENTS
ITEM PAGE
ATTENDANCE & APOLOGIES
PRESENTATIONS
ITEMS REFERRED FROM PLANNING & ENVIRONMENT COMMITTEE 2
1 132008.1128.02 REQUEST TO CHANGE AN EXISTING APPROVAL FOR MULTIPLE
HOUSING TYPE 3 RETIREMENT & SPECIAL NEEDS; COMMERCIAL BUSINESS,
TYPE 2 MEDICAL & WELLBEING, TYPE 1 HEALTH; & RECONFIGURING A LOT (1
INTO 2 LOTS) AT GRASSTREE CT & BEN LEXCEN DR SUNRISE BCH
(Planning & Environment Committee Agenda, 12 March 2019, Item 2, Page 11)
Reason for referral – Significance of the issue
2 MCU18/0102 REQUEST FOR NEGOTIATED DECISION NOTICE FOR VISITOR
ACCOMMODATION TYPE 4 CONVENTIONAL (122 BEDS) AT 14-16 MARY ST
NOOSAVILLE
(Planning & Environment Committee Agenda, 12 March 2019, Item 4, Page 68)
Reason for referral – For a further report (Refer to GC Agenda, Item 7, Page 3)
3 KOALA CONSERVATION ACTION PLAN UPDATE
(Planning & Environment Committee Agenda, 12 March 2019, Item 5, Page 74)
Reason for referral – Significance of the issue
4 PROCUREMENT OUTCOME FOR FISHING FUTURES CONSULTANCY
(Planning & Environment Committee Agenda, 12 March 2019, Item 6, Page 110)
Reason for referral – Significance of the issue
5 NOOSA BIOSPHERE RESERVE FOUNDATION - 2017-18 ANNUAL REPORT
(Planning & Environment Committee Agenda, 12 March 2019, Item 7, Page 112)
Reason for referral – Significance of the issue
ITEMS REFERRED FROM SERVICES & ORGANISATION COMMITTEE 2
6 PROPOSED EXPRESSION OF INTEREST FOR COMMUNITY ACTIVATION OF THE
TOP FLOOR OF PEREGIAN BEACH SURF CLUB
(Services & Organisation Committee Agenda, 12 March 2019, Item 3, Page 9)
Reason for referral – Significance of the issue
REPORTS DIRECT TO GENERAL COMMITTEE 3
7 FURTHER REPORT – MCU18/0102 REQUEST FOR NEGOTIATED DECISION NOTICE
FOR VISITOR ACCOMMODATION TYPE 4 CONVENTIONAL (122 BEDS) AT 14-16
MARY ST NOOSAVILLE 3
8 FINANCIAL PERFORMANCE REPORT 6
CLOSED SESSION -
Page 2 of 15
Section 3
GENERAL COMMITTEE MEETING AGENDA 18 MARCH 2019
REPORTS DIRECT TO GENERAL COMMITTEE
7 FURTHER REPORT – MCU18/0102 REQUEST FOR NEGOTIATED DECISION NOTICE
FOR VISITOR ACCOMMODATION TYPE 4 CONVENTIONAL (122 BEDS) AT 14-16
MARY ST NOOSAVILLE
Author Manager Development Assessment, Kerri Coyle
Environment & Sustainable Development
Index ECM/ Application/ MCU18/0102
Attachments Nil
EXECUTIVE SUMMARY
Not Applicable
RECOMMENDATION
That Council note the report to the Planning and Environment Committee dated 12 March 2019
and the further report to the General Committee Meeting dated 18 March 2019 by the Manager
Development Assessment regarding a request for a Negotiated Decision Notice for Application No.
MCU18/0102 for a development approval for Visitor Accommodation - Type 4 Conventional
situated at 14-16 Mary Street, Noosaville and:
A. Refuse to change conditions 3d and 36 for the following reasons:
1. Conditions 3d and 36 are required and warranted due to the site’s proximity to
residential properties.
2. Conditions 3d and 36 are required to mitigate noise for nearby residents and
complement and support other conditioned noise management strategies for the
backpackers.
3. Condition 36 still permits entertainers and/or speakers to be located internal to the
building.
B. Agree to change to condition 52 as follows:
52. The site must be provided with a stormwater drainage system connecting to a lawful
point of discharge. The works must be undertaken in accordance with an Operational
Works approval and must include in particular:
a. the works shown on drawing number 17699-SK101 Revision A prepared by TOD
Engineers and Project Managers dated 17 August 2018, with the inclusion of the
following:
i. The storage tank must have sufficient capacity to cater for the runoff from
the driveway in a 5 minute 1%AEP rain event as a minimum.
ii. The basement structures (walls, floors and surfacing) must be constructed
of materials suitable for the potential inundation and all service connections
must be located a minimum of 300mm above the potential inundation level.
C. Note the report is provided in accordance with Section 63(5) of the Planning Act 2016.
Page 3 of 15
Section 4
GENERAL COMMITTEE MEETING AGENDA 18 MARCH 2019
REPORT
A report on this request for a Negotiated Decision Notice was considered by the Planning &
Environment Committee on 12 March 2019 (refer to page 68 of the Planning & Environment
Committee Agenda) and was subsequently referred to the General Committee meeting. During the
course of discussions at the committee meeting, Councillors requested that officers prepare an
alternative motion to allow entertainers and speakers to be located in the outdoor recreational area
around the pool and ensure the noise level is appropriately controlled.
In the circumstances the committee requested a further report be presented to the General
Committee meeting.
As advised in the report to the Planning & Environment Committee the applicant’s acoustic report
submitted as part of the application did not address or give consideration to potential noise impacts
from entertainers and speakers located outside, only advising that there will be no on-site
entertainment or formal social events such as parties. The report therefore does not include any
proposed measures to address potential noise impacts from entertainers or amplified music from
speakers.
Officers have subsequently discussed the matter further with Council’s acoustic consultant (MWA
Environmental) who advise that entertainers and speakers located outside are highly problematic
and difficult to control and ensure noise impacts do not arise for any nearby residents and thus the
reason why they have recommended that Council not agree to the requested change.
Notwithstanding this, the consultant has provided advice on an alternative condition should Council
wish to permit external speakers for the backpackers.
36. Speakers located in outdoor areas of the site must be selected to be low power, installed
as a distributed speaker system and controlled from a central volume control unit accessible
to staff only and fitted with an electronic noise limiter such that speakers do not operate at
noise levels which exceed 75 dB(C) at 3 metres from the source at any time. Speakers
must be located and oriented such that they are not be directed towards off-site residential
areas. There is to be no live entertainment on site.
In this regard, it should be noted the applicant has advised that they do not intend to have
entertainers on site and would accept a condition prohibiting entertainers on site. The applicant
has also advised that the speakers are intended to provide low level background music around the
pool area.
Staff have considered the issues raised by Councillors, but confirm the previous recommendation.
Should Council wish to agree to the representations in relation to condition 36 and permit speakers
to be located outside to play low level background noise, the requested motion has been drafted
for that purpose.
Requested Motion
That Council note the report to the Planning and Environment Committee dated 12 March 2019
and the further report to the General Committee Meeting dated 18 March 2019 by the Manager
Development Assessment regarding a request for a Negotiated Decision Notice for Application No.
MCU18/0102 for a development approval for Visitor Accommodation - Type 4 Conventional
situated at 14-16 Mary Street, Noosaville and:
A. Refuse to change condition 3d for the following reasons:
1. Conditions 3d and 36 are required and warranted due to the site’s proximity to
residential properties.
2. Conditions 3d and 36 are required to mitigate noise for nearby residents and
complement and support other conditioned noise management strategies for the
backpackers.
B. Agree to change conditions 36 & 52 as follows:
Page 4 of 15
Section 5
GENERAL COMMITTEE MEETING AGENDA 18 MARCH 2019
36. Speakers located in outdoor areas of the site must be selected to be low power,
installed as a distributed speaker system and controlled from a central volume control
unit accessible to staff only and fitted with an electronic noise limiter such that speakers
do not operate at noise levels which exceed 75 dB(C) at 3 metres from the source at
any time. Speakers must be located and oriented such that they are not be directed
towards off-site residential areas. There is to be no live entertainment on site.
52. The site must be provided with a stormwater drainage system connecting to a lawful
point of discharge. The works must be undertaken in accordance with an Operational
Works approval and must include in particular:
a. the works shown on drawing number 17699-SK101 Revision A prepared by TOD
Engineers and Project Managers dated 17 August 2018, with the inclusion of the
following:
i. The storage tank must have sufficient capacity to cater for the runoff from
the driveway in a 5 minute 1%AEP rain event as a minimum.
ii. The basement structures (walls, floors and surfacing) must be constructed
of materials suitable for the potential inundation and all service connections
must be located a minimum of 300mm above the potential inundation level.
C. Note the report is provided in accordance with Section 63(5) of the Planning Act 2016.
Consultation
External Consultation - Community & Stakeholder
MWA Environmental
Internal Consultation
Departments/Sections Consulted:
Chief Executive Officer x Community Services Corporate Services
Executive Officer Director Director
Executive Support Community Development Financial Services
Community Facilities ICT
Libraries & Galleries Procurement & Fleet
Local Laws Property
x Waste & Environmental Health Revenue Services
Executive Services Environment & Sustainable Development Infrastructure Services
Director Director Director
Community Engagement Building & Plumbing Services Asset Management
Customer Service Development Assessment Buildings and Facilities
Governance Economic Development Civil Operations
People and Culture Environmental Services Disaster Management
Strategic Land Use Planning Infrastructure Planning,
Design and Delivery
Page 5 of 15
Section 6
GENERAL COMMITTEE MEETING AGENDA 18 MARCH 2019
8 FINANCIAL PERFORMANCE REPORT
Author Manager Financial Services, Trent Grauf
Corporate Services Department
Index ECM/ Subject/ 22.09 – Monthly Financial Performance Report
Attachments 1. Statement of Income and Expenditure (Profit & Loss and Capital)
2. Statement of Financial Position
3. Statement of Cash Flows
EXECUTIVE SUMMARY
Overall year to date operating financial performance to date at February 2019 is positive, with
operating revenue continuing to track above budget and operating expenditure below budget. The
YTD budget and actual operating position is high reflecting revenue associated with the second
annual rates and charges levied in January. This will degrade through to June as expenditure is
incurred for service delivery.
YTD Financial Performance Summary
Budget Actual Variance Variance Status
$m $m $m %
Operating Revenue $86.3 $88.0 $1.7 1.9% On Track
Operating Expense $62.1 $60.5 $1.6 2.6% On Track
Operating Position $24.2 $27.5 $3.3 13.4%
Capital Revenue $3.9 $4.1 $0.2 5.4% On Track
Capital Expenditure* $21.5 $19.2 $2.3 10.4% Below Budget
* Reflects constructed assets and intangibles only (excludes contributed)
Financial statements including Statement of Operating Profit & Loss, Summary of Capital Financial
Performance, Statement of Financial Position (balance sheet) and Statement of Cash Flows are
included as attachments for information of Council.
Figure 1: Actual Performance Compared to Budget
$100
YTD Budget ($m)
$90
YTD Actual ($m)
$80
$70
$60
$50
$40
$30
$20
$10
$-
Operating Revenue Operating Expenditure
Page 6 of 15
Section 7
GENERAL COMMITTEE MEETING AGENDA 18 MARCH 2019
RECOMMENDATION
That Council note the report by the Manager Financial Services to the General Committee Meeting
dated 18 March 2019 outlining February 2019 year to date financial performance against budget.
REPORT
Operating Revenue (YTD Benchmark 67%)
Council has received 92% ($88.0 million) of its operating revenue budget ($96.0 million).
Commentary on each revenue category is provided below.
Category Summary Comments
Rates and $66.5 million (100%) of the Overall, rates and levies earned are slightly below
Levies annual budget of $66.6 YTD budget, with general rates $58k below budget
million has been earned and Tourism Levy $24k below budget.
Fees and $4.2 million (76%) of the $5.5 Development related fees $194k above YTD
Charges million annual budget has budget (84% or $952k of $1.1m budget earned) –
been earned offset by development appeal legal costs above
YTD budget
Building application and search fees $168k above
YTD budget (98% or $523k of $534k budget
earned)
Local laws fees $183k above YTD budget (92% or
$1.1 million of $1.2 million budget earned)
Lions Park holiday period parking revenue $81k
above budget (202% or $121k of $40k budget
earned). Partially offset by additional costs
Cemetery fees $56k above YTD budget (92% or
$203k of $222k budget earned)
Waste management temporary bin services $52k
above YTD budget (277% or $68k of $16k budget
earned)
Sale of Goods $6.4 million (73%) of the $8.8 Holiday parks $194k above YTD budget (74% or
and Services million budget has been $2.1m of $2.9m budget earned)
received Eumundi Road landfill disposal charges and
recyclable sales $164k above YTD budget (73% or
$2.1m of $2.9m budget earned)
Interest $3.4 million (76%) of the $4.4 Investment revenue $177k above YTD budget
Received million annual budget has (83% or $1.2 million of $1.4 million budget earned)
been earned Interest on overdue rates and charges $59k above
YTD budget (81% or $325k of $400k budget
earned)
Dividend and On track Nil
Tax
Other $1.8 million (75%) of the $2.4 Works Operations internal plant hire recoveries
Revenue million budget has been $716k (no budget) – offset by internal hire charges
earned Waste Management internal recoveries for landfill
disposal $50k above YTD budget (318% or $64k of
$20k budget earned)
Local laws SPER penalty recoveries $31k above
YTD budget (94% or $105k of $112k budget
earned)
Page 7 of 15
Section 8
GENERAL COMMITTEE MEETING AGENDA 18 MARCH 2019
Category Summary Comments
Lease revenue for Sunrise Beach Shops $85k
below YTD budget (61% or $578k of $946k budget
earned). Two vacancies currently being negotiated.
Operating $3.2 million (62%) of the $5.3 Operating grants are in line with budget
Grants, million budget has been expectations at this stage.
Subsidies received 50% or $1 million of the financial assistance grant
was prepaid in June 2018 and may impact on
Council’s 2018/19 final operating position (if the
prepayment approach is discontinued by the
Australian government).
Figure 2: Operating Revenue Position by Type (Excluding Rates)
$7.0
YTD Budget ($m)
YTD Actual ($m)
$6.0
$5.0
$4.0
$3.0
$2.0
$1.0
$0.0
Charges
Other
Income
Grants
Goods &
Dividend
Services
Sales of
Rental
Interest
Fees &
& Tax
Operating Expenditure (YTD Benchmark 67%)
Actual operating expenditure is currently 63% ($60.5 million) of full year budget ($96.0 million).
Detailed commentary for each expenditure category is provided below.
Category Summary Comments
Employee $20.2 million (62%) of the Under expenditure for permanent staff salaries and
Costs annual budget of $32.3 wages ($1.6 million) partially offset by casual staff,
million has been expended external labour hire ($635k), sick / other leave
($461k), allowances, overtime and penalty rates
($119k).
Staff training underspend of $63k YTD (noting that
a further $81k is committed to suppliers for future
training)
Materials and $25.8 million (62%) of the Maintenance of Council leased properties $197k
Services $41.8 million annual budget below YTD budget (55% or $1.1 million of $2.1
has been expended. million budget spent) – relating to the timing of
community building refurbishment works
Waste management contract services $132k below
YTD budget (65% or $5.1m of $7.9m budget spent)
– waste collection
Page 8 of 15
Section 9
GENERAL COMMITTEE MEETING AGENDA 18 MARCH 2019
Category Summary Comments
Community Development grants $103k below
budget due to timing of grant allocations (76% or
$746k of $982k budget spent)
Beaches and Canals contract maintenance
services $102k below YTD budget (42% or $317k
of $755k budget spent)
Fleet fuel costs $83k below YTD budget (51% or
$280k of $546k budget spent)
ICT equipment lease costs $48k below YTD budget
due to timing of PC replacement program (27% or
$57k of $209k budget spent)
Cemetery operations $51k below YTD budget (36%
or $63k of $177k budget spent)
Arborist services $35k above YTD budget (71% or
$639k of $898k budget spent)
Development assessment legal appeals costs
$211k above YTD budget (105% or $595k of $568k
budget spent) – offset by additional development
fee revenue received above YTD budget
Finance Costs On track Nil
Depreciation On track Nil
Other On track Nil
Expenses
Figure 3: Operating Expenditure Position by Type
$30
YTD Budget ($m)
$25 YTD Actual ($m)
$20
$15
$10
$5
$0
Materials
Finance Costs
Depreciation
Employees
Other
Capital Revenue
YTD capital revenue of $4.1 million received comprises cash contributions from developers ($1.3
million), capital grants ($1.2 million) and contributed assets ($1.6 million). Note that the timing of
capital grant receipts are generally dependent on the timing of grant conditions and also capital
delivery performance, and that the timing of the receipt of developer contributions (both cash and
contributed) is unpredictable.
Page 9 of 15
Section 10
GENERAL COMMITTEE MEETING AGENDA 18 MARCH 2019
Figure 4: Capital Revenue by Type
$2.0
YTD Budget ($m)
$1.8
YTD Actual ($m)
$1.6
$1.4
$1.2
$1.0
$0.8
$0.6
$0.4
$0.2
$0.0
Contributions
Subsidies
Contributed
Grants /
Assets
Cash
Capital Expenditure Program
Actual capital expenditure (excluding commitments) is $19.2 million (YTD budget $21.5 million).
Detailed discussion of progress in the delivery of the capital works program is provided via a
separate report by the Infrastructure Services Department.
Figure 5: Capital Program Delivery Performance
$20.0
YTD Budget ($m)
$18.0
YTD Actual ($m)
$16.0
$14.0
$12.0
$10.0
$8.0
$6.0
$4.0
$2.0
$0.0
Capital works Other capital
Cash Management and Investment Performance
Total cash on hand at the end of February 2019 was $78 million reflecting the receipt of the majority
of the January rates and charges levy. Also included in this balance are funds held in trust and for
restricted purposes (e.g. unexpended levy and grant funds).
The pie charts following present the mix of cash held at February 2019 by agency (graph on the
left) and by credit risk rating (graph on the right). All funds have been invested in accordance with
the Investment Policy and in consideration of the principles of ethical investment, preservation of
capital, return on investment and counterparty thresholds.
Page 10 of 15
Section 11
GENERAL COMMITTEE MEETING AGENDA 18 MARCH 2019
Figure 6: Closing Cash Held by Agency and Credit Rating
Bendigo A3
Suncorp 5% (Bendigo)
A1
5% 5%
(Suncorp)
NAB 5%
8%
A1 +
CBA (CBA + NAB +
11% Wpac)…
A1 +
(QTC)
QTC
71%
71%
The following chart monitors the year-to-date trend on total cash and the agencies invested.
Payments received in February from bi-annual rates generated a significant increase in cash,
which was has been invested in short term QTC deposits in line with Council’s Investment Policy.
In addition, a $2 million held in commercial term deposit with NAB matured and was utilised to fund
operating and capital expenditure requirements.
Figure 7: Year to Date Trend of Cash Invested by Agency
90,000,000
80,000,000
70,000,000
60,000,000
50,000,000
40,000,000
30,000,000
20,000,000
10,000,000
-
Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19
Bendigo TD Westpac TD NAB TD Suncorp TD CBA TD QTC CBA Operating
Actual interest revenue for February was $157k with a weighted average yield of 2.6%, which
reflects a positive return compared to the industry benchmark (Bloomberg AusBond Bank Bill
Index) of 2.3%.
Previous Council Consideration
Nil.
Page 11 of 15
Section 12
GENERAL COMMITTEE MEETING AGENDA 18 MARCH 2019
Finance
As above.
Risks & Opportunities
Council’s risk register includes a number of risks that could impact on ongoing financial
sustainability. Effective budget management and reporting is an important risk mitigation tool.
Consultation
External Consultation - Community & Stakeholder
Nil.
Internal Consultation
All areas of Council are consulted as part of the regular monitoring of budget performance.
Departments/Sections Consulted:
x Chief Executive Officer x Community Services X Corporate Services
Executive Officer Director x Director
Executive Support Community Development x Financial Services
Community Facilities ICT
Libraries & Galleries Procurement & Fleet
Local Laws Property
Waste & Environmental Health Revenue Services
x Executive Services x Environment & Sustainable Development x Infrastructure Services
Director Director Director
Community Engagement Building & Plumbing Services Asset Management
Customer Service Development Assessment Buildings and Facilities
Governance Economic Development Civil Operations
People and Culture Environmental Services Disaster Management
Strategic Land Use Planning Infrastructure Planning,
Design and Delivery
Page 12 of 15
Section 13
GENERAL COMMITTEE MEETING AGENDA 18 MARCH 2019
Attachment 1
Page 13 of 15
GENERAL COMMITTEE MEETING AGENDA 18 MARCH 2019
Attachment 1
Profit and Loss Statement
Revenue
Recurrent Revenue
Rates, levies and charges 66,553 66,553 66.495 (58) 100%
Fees and charges 5,547 4,053 4.889 836 88%
Dividend income 1,600 669 669 - 42%
Interest received 4,406 3.129 3,365 236 76%
Tax equivalents 1,450 1,113 1,113 - 77%
Sale of Goods and major services 8.770 5,950 6,304 444 73%
Sale of contract and recoverable works 16 - 3 3 20%
Rental & lease income 1,530 1,085 932 (153) 61%
Other income 846 590 2840 250 90%
Grants, subsidies, contributions and donations 5,261 3,193 3,279 86 62%
95,978 86,334 87,979 1,645 92%
Expenses
Recurrent Expenses
Employee benefits 32,326 21,023 20,160 (863) 62%
Materials and services 41.817 26.480 25.792 (688) 62%
Finance costs 2.400 1,600 1,509 (91) 63%
Depreciation and amortisation 19,264 12,843 12.849 6 67%
Other expenses 1 126 147 21 96%
95,961 62,072 60,457 (1,615) 63%
Operating Result 28262 5820
Summary of Capital Revenue and Expenditure
Capital Revenue
Capital contributions and donations 4,043 2,688 2.889 202 71%
Grants, subsidies, contributions and donations 3,375 1,223 1,231 8 3%
Other capital revenue - - - -
Total CapitalRevenue at 9 att
Capital Expenditure
Contributed assets 2.000 1,849 1,569 (280) 78%
Constructed assets 29,815 21,476 19,238 (2,238) 65%
Other fal Ex penditure - - 611 611
Page 13 of 15Section 14
GENERAL COMMITTEE MEETING AGENDA 18 MARCH 2019
Attachment 2
Page 14 of 15
GENERAL COMMITTEE MEETING AGENDA 18 MARCH 2019
Attachment 2
Current Assets
Cash and cash equivalents 46,127 77,914 64,193
Trade and other receivables 8,943 10,518 6,979
Inventories 330 233 225
Other current assets 490 4,302 4,115
55,890 92,967 75,512
Non Current Assets held for sale - - -
Total Current Assets 55,890 92,367 75,512
Non Current Assets
Trade and other receivables 49,218 49,218 49,218
Other non current Assets - - -
Investment property 4,405 4,167 4,167
Property, plant and equipment 978,029 873,364 866,604
Intangible assets 7,156 5,458 5,048
Total Non Current Assets 4,142,140 993,184 986,014
TotalAssets 68,0397 086,151 1,061,526
Current Liabilities
Trade and other payables 4,705 10,141 11,679
Borrowings 3,715 2,501 3,969
Provisions 4,282 3,561 4,648
Other SH OST
Total Current Liabilities —— 3368 EF 20,993
Non Current Liabilities
Trade and other payables - - -
Borrowings 34,040 32,171 32,171
Provisions 10,328 9,858 9,738
Total Non Current Liabilities 44,367 42,023 41,303
Total Liabilities: TBE 62,902
Community Equity
Asset Revaluation Surplus 67,090 41,740 41,740
Retained Surplus / (Defeciency) - - -
Shire Capital 1,043,204 954,384 961,335
Current Year Net =" - 31,031 96.624
Page 14 of 15Section 15
GENERAL COMMITTEE MEETING AGENDA 18 MARCH 2019
Attachment 3
Page 15 of 15
GENERAL COMMITTEE MEETING AGENDA 18 MARCH 2019
Attachment 3
Cash flows from operating activities
Cash Flows from Operating Activities
Receipts from Customers 81,670 79,286 87,075
Payments to Suppliers and Employees (81,570) (52.861) (77,033)
100 26.425 10,042
Receipts:
Investment and Interest Revenue Received 4,406 3.365 4701
Rental Income 1,529 932 1,301
Non Capital Grants and Contributions 5,258 3.279 6,052
Income Tax Equivalent Received 1,200 1,113 3,067
Income from Equity Investments 1,850 660 30
Payments:
Borrowing Costs - - -
Interest Expense (355) (189) (131)
Net Cash Inflow/(Outflow) from Operating Activities 13,388 35,594 25,062
Cash Flows from Investing Activities
Receipts:
Proceeds of Sale of Property, Plant and Equipment (32) - 154
Grants, Subsidies, Contributions and Donations 5.419 4.120 6,369
Payments:
Payments of Property, Plant and Equipment (27,490) (19.972) (26,981)
Payments for Intangible Assets (2,325) (731) (1,874)
Net Cash Inflow/(Outflow) from Investing Activities (24,428) (16,583) (22,332)
Cash Flows from Financing Activities
Receipts:
Proceeds from Borrowings 3,075 - 1,165
Payments:
Repayment of Borrowings (3,320) (5,289) (5,165)
Net Cash Inflow/(Outflow) from Financing Activities (245) (5,289) (4,000)
Net Increase/(Decrease) in Cash and Cash Equivalents held (10,685) 13,721 (1,270)
Cash and Cash Equivalents at the beginning of the reporting period 64,193 64.193 65,463
‘Cash and Cash Equivalents at the end of the reporting period 53,508 77914 64,193
Page 15 of 15