2018-07-16 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA   16 JULY 2018




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GENERAL COMMITTEE MEETING AGENDA                                                                            16 JULY 2018

  Noosa Council
  Statement of Income and Expenditure
  For the Year Ended 30 June 2018
 As at 30 June 2018

                                                  Current Budget      Actual (Interim)         Variance          Annual
                                                             2018                2018               2018         Budget
                                                           ($'000)             ($000)             ($000)            %
  Profit and Loss Statement

  Revenue
     Recurrent Revenue
     Rates, levies and charges                              63,988             63,978                  (9)        100%
     Fees and charges                                        5,441               6,130                689         113%
     Dividend income                                         1,860               1,860                  -         100%
     Interest received                                       4,588              4,741                 153         103%
     Tax equivalents                                         1,200               1,200                  -         100%
     Sale of Goods and major services                        8,733               9,238                506         106%
     Sale of contract and recoverable works                     33                 34                   1         103%
     Rental & lease income                                   1,322               1,358                 36         103%
     Other income                                            1,210               1,489                279         123%
     Grants, subsidies, contributions and donations          4,832               6,033              1,201         125%
                                                            93,206             96,061               2,855         103%
  Expenses
     Recurrent Expenses
     Employee benefits                                      30,408             30,121                (287)         99%
     Materials and services                                 41,669             38,962              (2,706)         94%
     Finance costs                                           2,414               2,404                (10)        100%
     Depreciation and amortisation                          18,577              18,577                  -         100%
     Other expenses                                            136                158                  22         116%
                                                            93,204             90,222              (2,982)         97%
  Operating Result                                               2               5,839              5,837

  Summary of Capital Revenue and Expenditure

  Capital Revenue
     Capital contributions and donations                     3,867               2,954               (913)         76%
     Grants, subsidies, contributions and donations          4,375              4,397                  22         100%
     Other capital revenue                                       -                   -                  -
  Total Capital Revenue                                      8,242               7,351              (892)
  Capital Expenditure
     Contributed assets                                      2,000               1,012               (988)         51%
     Constructed assets                                     30,939             25,753              (5,186)         83%
     Other capital expenses                                      -                387                 387
  Total Capital Expenditure                                 32,939             27,151              (5,788)

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