2015-02-09 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA   9 FEBRUARY 2015
                                    ATTACHMENT 1




                                        Page 8 of 20

ATTACHMENT 1

Noosa Council
Statement of Comprehensive Income
For the Year Ended 30 June 2015
As at 31-Jan-2015
                                                         Budget               Budget              Actual            Percentage
                                                          2015                YTD                 YTD             Annual Budget
                                                            $                   $                    $                   %

Revenue
      Recurrent Revenue
      Rates, levies and charges                            60,515,037           61,145,037          59,915,184                99%
      Fees and charges                                      9,525,517            5,859,280           6,616,735                69%
      Dividend income                                       2,065,092                    -                   -                 0%
      Interest received                                     4,467,000            2,364,167           2,614,580                59%
      Tax equivalents                                         775,526             281,831              181,813                23%
      Other income                                          3,138,151            1,849,170           2,054,945                65%
      Grants, subsidies, contributions and donations        5,484 054            3,182,622           3,241,771                59%
                                                           85,970,377           74,682,106          74,625,029                87%
Expenses
      Recurrent Expenses
      Employee benefits                                    27,908,265           15,920,843          15,008,085                54%
      Materials and services                               38,033 683           19,989 345          18,349,535                48%
      Finance costs                                         2,524,711            1,574,314           1,476,781                58%
      Depreciation and amortisation                        17,526,115           10,223,567          10,223,567                58%
      Other expenses                                           84,000               59,196              67,312                80%
                                                           86,076,775          47,767,265           45,125,279                52%

Operating Result                                             (106,398)          26,914,841          29,499,750

Capital Revenue
      Capital contributions and donations                    1,843,100           1,075,142           1,289,104                70%
      Grants, subsidies, contributions and donations        2,810,000            1,133,928           1,187,178                42%
      Other capital revenue                                   427,000             193,083              100,799                24%

Capital Expenses
      Capital Expenses                                               -                   -                   -

Net Result                                                  4,973,702           29,316,994          32,076,831

Other Comprehensive Income
   Increase / (decrease) in asset revaluation surplus                -                   -                   -
  Other Comprehensive Income                                         -                   -                   -
Total Other Comprehensive Income                                     -                   -                   -

Total Comprehensive Income                                  4,973,702           29,316,994          32,076,831

                                                                                                               Page 8 of 20