2021-11-15 GC Agenda - Item 12 - Attachment 1 - Noosa Council Annual Report 2020-21

                                                                                                2020 - 21 Annual Report


Operating revenue – where the money came from
Throughout the financial year, Council received a total         Figure 4 – Operating Revenue Sources
of $101.7 million in operating revenues (rates, fees,           2020/21
operating grants), $13.1 million in capital revenues
(developer contributions, capital grants) and $5.9                                 Unitywater
                                                                                       9%
million recorded as revenue from Council’s share of                    Grants & Other
                                                                          Revenue
investment in Unitywater.                                           Interest 6%
                                                                   Revenue
                                                                     1%
Figure 4 outlines the sources of Council’s $101.7 million
in operating revenue received in 2020/21.                      Fees & Charges
                                                                    18%

Key Council revenue sources include:
• Rates and utility charges comprising general rates,
                                                                  Other Income
charges for waste collection and disposal, special rates              2%                                    Rates & Utility
                                                                                                              Charges
such as the tourism and economic levy as well as other                                                          64%

separate rates and special charges.
• Fees and charges include a range of regulatory                The above breakdown in operating
fees and charges as well as revenue from commercial             revenue confirms that Council continues
operations such as holiday parks and waste                      to have significant control over the
management.                                                     majority of its income sources, and as
• Interest revenue includes the return from the                 a result is not reliant on other levels of
investment of available cash.                                   government or external agencies to
• Revenue from other income includes tax payments               maintain its financial independence.
from Council’s shareholding in Unitywater.


Operating expenditure – where the money goes
Council expended a total of $102.0              Key Council expenditure sources include:
million in undertaking operating                •	Employee benefits - includes staff wages,
activities during the financial year.              superannuation, fees paid to Councillors and other
Figure 5 presents a breakdown by                   employment costs.
expenditure type for operating                  •	Depreciation expenditure – records the consumption
                                                   of community infrastructure assets over their
expenditure incurred during 2020/21.
                                                   respective useful lives and provides an indication of
Figure 5 – Operating Expenses by                   the level of required expenditure on the rehabilitation
Function 2020/21                                   and renewal of existing assets annually. The
                                                   revaluation of infrastructure assets during the year
         Depreciation                              has also impacted the annual depreciation charge.
            17%
                                                •	Materials and services – includes information
  Finance &
                                    Employee       communication technology, consultancy services,
                                     Benefits
 Other Costs
                                      35%          contractor services, electricity, external hire, rentals,
     5%
                                                   repairs and maintenance, and advertising and
                                                   donations.
                                                •	Finance and other costs – include interest paid on
   Materials &                                     loan borrowings, fees associated with the early
    Services
     43%                                           repayment of borrowings and movement in the
                                                   provision for future landfill rehabilitation costs.

                                                                                                                  Page 65