FINANCIAL PERFORMANCE REPORT – MAY 2025 (Deferred from General Committee Meeting dated 16 June 2025 Item 8.13) · Attachment 1 Statement of Income and Expenditure - May 2025

Attachment 1 - Statement of Income and Expenditure


Noosa Council
Statement of Income and Expenditure
For the Year Ended 30 June 2025
As at 31 May 2025
                                                           Current    Current                                    Prior Year
                                                           Budget     Budget     Actual    Variance     Annual       Actual
                                                              2025        YTD       YTD         YTD     Budget         YTD
                                                            ($'000)    ($'000)   ($'000)     ($'000)      %         ($'000)
Profit and Loss Statement

Revenue
   Recurrent Revenue
   Rates, levies and charges                                94,308     94,247     94,084       (164)     100%        88,959
   Fees and charges                                         10,986      9,979      9,062       (916)      82%         8,544
   Interest received                                         3,711      3,624      6,117       2,493     165%         6,524
   Sale of Goods and major services                         15,914     14,612     15,143         531      95%        15,077
   Sale of contract and recoverable works                       31         13         14           0      45%             0
   Rental & lease income                                     2,234      2,094      1,776       (318)      80%         1,550
   Other income                                                981        896      1,318         422     134%         1,439
   Grants, subsidies, contributions and donations            7,169      5,344      5,515         171      77%         3,462
   Unitywater Distributions                                  5,950      4,118      4,118           -      69%         3,371
                                                           141,283    134,928    137,146       2,218      97%       128,926
Expenses
   Recurrent Expenses
   Employee benefits                                        53,122     48,219     47,013       1,206     88%         42,772
   Materials and services                                   62,809     52,909     53,344       (436)     85%         51,457
   Finance costs                                             3,032      2,287      2,050         237     68%          1,259
   Depreciation                                             21,936     20,108     20,143         (35)    92%         19,523
   Other expenses                                              246        217        142           75    58%            132
                                                           141,145    123,740    122,692       1,047     87%        115,142

Operating Result                                               138     11,189     14,454       3,265                 13,784

Summary of Capital Expenditure and Funding

Capital Funding
   Capital cash contributions and infrastructure charges     1,429      1,429      1,305       (124)      91%         2,344
   Contributed assets                                        1,500        692      1,770       1,078     118%         3,017
   Capital grants and subsidies                             90,464     45,633     56,782      11,148      63%        27,362
   Cash / revenue                                           33,025     71,599     20,714    (50,885)      63%        33,347
   New loan borrowings                                           -          -          -           -      0%              -
   Other capital revenue                                         -          -          -           -      0%             18
Total Capital Funding                                      126,418    119,353     80,570    (38,783)                 66,087

Capital Expenditure
   Contributed assets                                        1,500        692      1,770       1,078     118%         3,017
   Capital works - constructed assets                      112,895    107,874     65,227    (42,647)      58%        55,912
   Capital works - other capital                            10,782      9,546      4,071     (5,475)      38%         2,272
   Loan redemption                                           1,241      1,241      1,241           -     100%             -
   Other capital expenses                                        -          -      8,261       8,261      0%          4,885
Total Capital Expenditure                                  126,418    119,353     80,570    (38,783)                 66,087