Annual Report 2020-21

Noosa Council
Notes to the Financial Statements
for the year ended 30 June 2021

Note 1. Information about these financial statements (continued)

(h) COVID-19
Council’s operations for the year ended 30 June 2021 have
continued to be impacted by the COVID-19 pandemic.

While Council facilities re-opened earlier than anticipated
and in line with Government directives, sales revenue
relating to some holiday parks, the leisure centre, aquatic
centre, The J entertainment venue and waste facilities are
still marginally down against the results achieved in the
2018/19 financial year.

Ratepayer support during the period was provided by way
of an extended general rate payment discount period, with a
5% discount for payment within 30 days and a 2.5% discount
for payments within 60 days. Remission of Interest on
outstanding rates was also provided to those ratepayers who
entered into payment arrangements.

Council also provided a business support package which
included community grants, options to extend rent
abatement periods for some its commercial tenants and the
waiving and discounting of various fees and permits to
impacted businesses.

Council continued to maintain supplier payments at reduced
terms of seven days to assist local business with cashflow.

Impacts of COVID-19 on asset revaluations undertaken
during the current year were assessed, however it was
determined that there was not a significant impact and
Council's assets as presented in the financial statement are
at fair value.

The overall financial impact on Council attributed to the
COVID-19 pandemic in the 2020/21 financial year was not
material.




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