FINANCIAL PERFORMANCE REPORT – JANUARY 2025 · Attachment 1 Statement of Income and Expenditure - Jan 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 January 2025
                                                           Current    Current
                                                           Budget     Budget     Actual    Variance     Annual
                                                              2025        YTD       YTD         YTD     Budget
                                                            ($'000)    ($'000)   ($'000)     ($'000)      %
Profit and Loss Statement

Revenue
   Recurrent Revenue
   Rates, levies and charges                                94,308     95,525     95,490         (35)    101%
   Fees and charges                                         10,986      6,779      6,600       (179)      60%
   Interest received                                         3,560      2,624      3,753       1,129     105%
   Sale of Goods and major services                         15,914      9,538      9,831         292      62%
   Sale of contract and recoverable works                       31         13         13          (0)    43%
   Rental & lease income                                     2,234      1,439      1,462          23     65%
   Other income                                                981        572        812         240     83%
   Grants, subsidies, contributions and donations            7,169      4,086      4,250         164     59%
   Unitywater Distributions                                  6,101      3,326      3,321          (5)    54%
                                                           141,283    123,903    125,532       1,629     89%
Expenses
   Recurrent Expenses
   Employee benefits                                        53,122     29,250     28,905        346      54%
   Materials and services                                   62,809     34,763     34,573        190      55%
   Finance costs                                             3,032      1,441      1,287        154      42%
   Depreciation                                             21,936     12,796     12,796         (0)     58%
   Other expenses                                              246        145         58         87      24%
                                                           141,145     78,395     77,618        777      55%

Operating Result                                               138     45,508     47,914       2,406

Summary of Capital Expenditure and Funding

Capital Funding
   Capital cash contributions and infrastructure charges     1,429        652        652            -    46%
   Contributed assets                                        1,500         18          1         (17)    0%
   Capital grants and subsidies                             90,464     35,454     44,456       9,002     49%
   Cash / revenue                                           33,025     42,504      8,732    (33,773)     26%
   New loan borrowings                                           -          -          -            -    0%
   Other capital revenue                                         -          -          -            -    0%
Total Capital Funding                                      126,418     78,629     53,841    (24,788)

Capital Expenditure
   Contributed assets                                        1,500         18          1         (17)    0%
   Capital works - constructed assets                      112,152     72,179     47,059    (25,120)     42%
   Capital works - other capital                            11,525      5,811      2,505     (3,307)     22%
   Loan redemption                                           1,241        621        621            -    50%
   Other capital expenses                                        -          -      3,656       3,656     0%
Total Capital Expenditure                                  126,418     78,629     53,841    (24,788)