2018-12-11 Services & Organisation Committee Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                                     11 DECEMBER 2018


A breakdown of revenue and expense performance against budget will be provided further in this
report. Council has achieved another firm annual financial result which reflects responsible budget
setting, oversight and delivery by the Mayor and Councillors, Council management and staff on
behalf of our community.

Council has met the requirements of its financial sustainability policy with respect to the operating
surplus ratio, with the ratio of 9% at the high end of the 0-10% target range set by the state
government.

Operating Revenue

Council received $96 million of its operating revenue budget ($93 million), reflecting the prudent
budgeting approach adopted to manage any downside revenue risk. A breakdown on each of
Council’s revenue streams is contained in the following table:

Table 2: Operating Revenue Performance by Type
  Revenue Type                Budget           Actual        Variance
                                 $m               $m               $m
  Rates                        $64.0            $64.0               $-
  Fees                          $5.4             $6.1             $0.7
  Sales                         $8.8             $9.2             $0.4
  Unitywater                    $5.7             $5.7               $-
  Interest                      $2.0             $2.2             $0.2
  Other                         $2.5             $2.8             $0.3
  Grants                        $4.8             $6.0             $1.2
  Total                        $93.2            $96.0             $2.8
Note: Some rounding


  Category            Summary                          Comments
  Rates and           $64.0 million (100%) of the         Rates and levies earned aligned with budget
  Levies              annual budget of $64.0 million
                      has been earned
  Fees and            $6.1 million (113%) of the          Development related fees $220k above budget
  Charges             $5.4 million annual budget            (117% or $1.5m of $1.3m budget earned)
                      has been earned                     Building and plumbing application and search fees
                                                            $160k above budget (111% or $1.6m of $1.5m
                                                            budget earned)
                                                          Local laws fees $136k above budget (114% or
                                                            $1.1m of $1m budget earned)
                                                          Community land use applications and permits $82k
                                                            above budget (121% or $472k of $390k budget
                                                            earned)
  Sale of Goods       $9.3 million (106%) of the          Landfill disposal charges and recyclable sales
  and Services        $8.8 million budget has been          $259k above budget (109% or $3.1m of $2.8m
                      received                              budget earned)
                                                          Noosa Aquatic Centre $71k above budget (104% or
                                                            $1.8m of $1.7m budget earned)
                                                          The J $58k above budget (115% or $432k of the
                                                            $375k budget earned)
                                                          Noosa Leisure Centre $37k above budget (107% or
                                                            $564k of the $527k budget earned)
                                                          Holiday parks $59k above budget (102% or $3.2m
                                                            of $3.2m budget earned)



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