Annual Report 2017-18

Where was the budget spent?
Council spends significant amounts of ratepayer funds providing a range of services to the Noosa
community. A summary of the cost of the services for our major service areas is provided in Figure 2.
Spending on these services (including roads, bridges, parks, community facilities and waste management)
makes up a significant component of Council’s annual budget.

Figure 2 - Operating Cost of Core Council Services 2017/18 ($’000)
$25,000




$20,000




$15,000




$10,000




 $5,000




     $0
                                          Waste/ Health
               Roads/ Bridges/ Drainage




                                                          Parks and Reserves


                                                                               Community Facilities


                                                                                                        Libraries/ Galleries

                                                                                                                               Property/ Holiday Parks




                                                                                                                                                                                                                                                                Local Laws
                                                                                                                                                          Planning and Environment


                                                                                                                                                                                           Building / Plumbing


                                                                                                                                                                                                                 Economic Development


                                                                                                                                                                                                                                        Community Development




                                                                                                                                                                                                                                                                             Community Engagement


Statement of comprehensive income
This statement (also known as the profit and loss) measures how Council performed financially in relation
to funding its operations during the financial year. In simple terms, it summarises how much money was
received by Council and how much was spent in a particular year. Figure 3 summarises Council’s 2017/18
financial performance.
Figure 3 - Council Net Result Financial Performance 2017/18 ($’000)

                                                                                                      2016/17                                            2017/18
                                                                                                       ($’000)                                            ($’000)
Revenue                                                                                               106,999                                            111,793
Expenses                                                                                               89,875                                            111,200
Net Result                                                                                             17,124                                                                        593

The 2017/18 net result of $0.6 million includes revenue received specifically to fund capital expenditure
(including grants and subsidies and developer contributions), Council’s share of Unitywater’s annual profit,
income and expenses recognised for property, plant and equipment valuation changes as well as asset
disposals.

The removal of the $7.9 million of non-operational items shows Council’s actual operating surplus to be
$8.5 million.

                                                                                                                                                                                                                                        2017-2018 Annual Report | Page 33