Annual Report 2020-21

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

Note 3. Revenue
§Note/Subtotal§
§Subnote§




$ '000                                                                                                  2021                2020

(a) Rates, Levies and Charges

Rates and annual charges are recognised as revenue when the Council obtains control over the assets comprising these
receipts which is the beginning of the rating period to which they relate. Prepaid rates are recognised as a financial liability
until the beginning of the rating period.

General Rates                                                                                         52,207              51,150
Separate Rates                                                                                         5,599               6,154
Special Rates                                                                                          1,159               2,037
Waste Utility Charges                                                                                 13,208              12,838
Total Rates and Utility Charge Revenue                                                                72,173              72,179

Less: Discounts                                                                                       (2,178)             (2,148)
Less: Pensioner Remissions                                                                              (827)               (794)
Total Rates, Levies and Charges                                                                      69,168              69,237


§Subnote§




(b) Fees and Charges

Revenue arising from fees and charges are recognised at the point in time when or as the performance obligation is completed
and the customer receives the benefit of the goods / services being provided.

The performance obligation relates to the specific services which are provided to the customers and generally the payment
terms are within 30 days of the provision of the service or in some cases, the customer is required to pay on arrival, for example
caravan parks. There is no material obligation for Council in relation to refunds or returns.

Licences granted by Council are all either short-term or low value and all revenue from licences is recognised at the time that
the licence is granted rather than the term of the licence.

Revenue from infringements is recognised on issue of infringment notice after applying the expected credit loss model relating
to impairment of receivables for initial recognition of statutory receivables.

Building and Development Fees                                                                          3,312               2,919
Permits and Licences                                                                                     786                 846
Fines and Penalties                                                                                      517                 242
Registration Fees                                                                                        423                 401
Parking Penalties                                                                                        984                 799
User Fees and Charges                                                                                    757                 727
Other Statutory Fees                                                                                     725                 510
Total Fees and Charges                                                                                 7,504              6,444




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