FINANCIAL PERFORMANCE REPORT – DEC 2024 · Attachment 1 - Statement of Income and Expenditure - Dec 2024

Attachment 1 - Statement of Income and Expenditure - Dec 2024


Noosa Council
Statement of Income and Expenditure
For the Year Ended 30 June 2025
As at 31 December 2024
                                                           Current    Current
                                                           Budget     Budget     Actual    Variance     Annual
                                                              2025        YTD       YTD         YTD     Budget
                                                            ($'000)    ($'000)   ($'000)     ($'000)      %
Profit and Loss Statement

Revenue
   Recurrent Revenue
   Rates, levies and charges                                94,398     47,108    47,035          (73)    50%
   Fees and charges                                         10,936      5,897     5,789        (108)     53%
   Interest received                                         3,150      1,826     3,310        1,484     105%
   Sale of Goods and major services                         15,602      7,892     8,576          684     55%
   Sale of contract and recoverable works                       31          -        13           13     43%
   Rental & lease income                                     2,273      1,183     1,191            9     52%
   Other income                                              1,001        502       746          244     74%
   Grants, subsidies, contributions and donations            6,650      3,407     4,181          774     63%
   Unitywater Distributions                                  5,950      2,605     2,605            -     44%
                                                           139,990     70,420    73,447        3,026     52%
Expenses
   Recurrent Expenses
   Employee benefits                                        52,577     25,753    25,753           (1)    49%
   Materials and services                                   62,339     28,483    29,127        (644)     47%
   Finance costs                                             3,032      1,248     1,113          135     37%
   Depreciation                                             21,936     10,968    10,968           (0)    50%
   Other expenses                                              246        104        57           47     23%
                                                           140,130     66,555    67,018        (463)     48%

Operating Result                                              (140)     3,866     6,429        2,563

Summary of Capital Expenditure and Funding

Capital Funding
   Capital cash contributions and infrastructure charges     1,429        614       614            -     43%
   Contributed assets                                        1,500          -         1            1      0%
   Capital grants and subsidies                             92,983     29,921    34,419        4,497     37%
   Cash / revenue                                           33,182     42,003    14,959     (27,044)     45%
   New loan borrowings                                       5,000          -         -            -      0%
   Other capital revenue                                         -          -         -            -      0%
Total Capital Funding                                      134,094     72,538    49,993     (22,546)

Capital Expenditure
   Contributed assets                                        1,500          -         1            1      0%
   Capital works - constructed assets                      120,700     67,734    43,851     (23,883)     36%
   Capital works - other capital                            10,653      4,184     2,236      (1,948)     21%
   Loan redemption                                           1,241        621       621            -     50%
   Other capital expenses                                        -          -     3,284        3,284      0%
Total Capital Expenditure                                  134,094     72,538    49,993     (22,546)