BUDGET REVIEW 2 (BR2) FOR THE 2024/25 FINANCIAL YEAR · Attachment 4 - BR2 Budget Financial Statements 2024-25

Attachment 4
                                   2024/25 Budget Statements                                                                                                                            STATEMENT OF FINANCIAL POSITION
                                                                                                                                                                                                             For the period ending 30 June
                                                           Original
                                            Actuals                        BR1             BR2                                                                             Forecast
                                                           Budget
                                               2024           2025            2025            2025         2026            2027            2028            2029             2030             2031            2032            2033            2034
   Annual Result - Total Council
                                              $,000           $,000           $,000           $,000        $,000           $,000           $,000           $,000            $,000            $,000           $,000           $,000           $,000
Assets
  Current Assets
  Cash and Cash Equivalents            $    106,126    $     84,737    $     90,162    $     91,652    $     78,444    $     73,959    $     72,999    $     71,782    $      72,173     $     69,381    $     66,169    $     66,526    $     64,736
  Trade and Other Receivables          $     19,151    $     12,919    $     13,017    $     13,073    $     13,563    $     14,061    $     14,483    $     14,992    $      15,414     $     15,843    $     16,239    $     16,736    $     17,202
  Inventories                          $        237    $        198    $        198    $        237    $        237    $        237    $        237    $        237    $         237     $        237    $        237    $        237    $        237
  Other Current Assets                 $      8,064    $      2,854    $      2,854    $      1,102    $      1,102    $      1,102    $      1,102    $      1,102    $       1,102     $      1,102    $      1,102    $      1,102    $      1,102
  Total Current Assets                 $    133,578    $    100,708    $    106,231    $    106,064    $     93,346    $     89,359    $     88,821    $     88,113    $      88,926     $     86,563    $     83,747    $     84,601    $     83,277
  Non-Current Assets
  Investments                          $     156,712   $     152,798   $     152,798   $     156,712   $     156,712   $     156,712   $     156,712   $     156,712   $      156,712    $     156,712   $     156,712   $     156,712   $     156,712
  Property, Plant & Equipment          $   1,232,917   $   1,478,939   $   1,551,112   $   1,385,006   $   1,461,985   $   1,513,656   $   1,561,568   $   1,609,017   $    1,647,466    $   1,688,432   $   1,731,172   $   1,771,426   $   1,814,344
  Other Non-Current Assets             $       1,360   $         551   $         551   $       1,317   $       1,273   $       1,230   $       1,187   $       1,144   $        1,122    $       1,122   $       1,122   $       1,122   $       1,122
  Total Non-Current Assets             $   1,390,989   $   1,632,287   $   1,704,460   $   1,543,034   $   1,619,970   $   1,671,597   $   1,719,467   $   1,766,872   $    1,805,300    $   1,846,265   $   1,889,006   $   1,929,260   $   1,972,178
  Total Assets                         $   1,524,567   $   1,732,995   $   1,810,691   $   1,649,098   $   1,713,316   $   1,760,956   $   1,808,288   $   1,854,985   $    1,894,226    $   1,932,828   $   1,972,752   $   2,013,861   $   2,055,455

Liabilities
  Current Liabilities
  Trade and Other Payables             $     24,824    $      9,326    $      9,445    $      9,530    $      9,879    $     10,124    $     10,392    $     10,715    $      10,986     $     11,296    $     11,568    $     11,917    $     12,240
  Contract Liabilities                 $      8,167    $      4,000    $      4,000    $      4,000    $      4,000    $      4,000    $      4,000    $      4,000    $       4,000     $      4,000    $      4,000    $      4,000    $      4,000
  Borrowings                           $      1,406    $      1,339    $      1,339    $      1,228    $      1,407    $      1,450    $      1,577    $      1,713    $       1,773     $      1,832    $      1,899    $      1,934    $      1,828
  Provisions                           $     11,727    $      8,103    $      8,103    $      8,103    $      8,103    $      8,103    $      8,103    $      8,103    $       8,103     $      8,103    $      8,103    $      8,103    $      8,103
  Other Current Liabilities            $      9,569    $      8,955    $      8,955    $      9,569    $      9,569    $      9,569    $      9,569    $      9,569    $       9,569     $      9,569    $      9,569    $      9,569    $      9,569
  Total Current Liabilities            $     55,693    $     31,723    $     31,842    $     32,430    $     32,958    $     33,246    $     33,640    $     34,100    $      34,431     $     34,801    $     35,139    $     35,523    $     35,740
  Non-Current Liabilities
  Borrowings                           $     23,449    $     28,394    $     28,394    $     22,436    $     26,030    $     24,579    $     25,253    $     26,040    $      24,267     $     22,435    $     20,536    $     18,602    $     16,774
  Provisions                           $     31,559    $     33,251    $     33,251    $     35,183    $     35,183    $     35,183    $     35,183    $     35,183    $      35,183     $     35,183    $     35,183    $     35,183    $     35,183
  Other Non-Current Liabilities        $      6,120    $      8,247    $      8,247    $      6,120    $      6,120    $      6,120    $      6,120    $      6,120    $       6,120     $      6,120    $      6,120    $      6,120    $      6,120

  Total Non-Current Liabilities        $     61,128    $     69,892    $     69,892    $     63,739    $     67,333    $     65,882    $     66,556    $     67,343    $      65,570     $     63,738    $     61,839    $     59,905    $     58,077
  Total Liabilities                    $    116,821    $    101,615    $    101,734    $     96,169    $    100,290    $     99,128    $    100,196    $    101,443    $     100,001     $     98,539    $     96,978    $     95,428    $     93,817
Net Community Assets                   $   1,407,746   $   1,631,380   $   1,708,957   $   1,552,929   $   1,613,026   $   1,661,828   $   1,708,091   $   1,753,542   $    1,794,225    $   1,834,290   $   1,875,774   $   1,918,433   $   1,961,638

Community Equity
  Asset Revaluation Surplus            $     316,106   $     411,231   $     410,608   $     363,820   $     405,735   $     445,468   $     483,585   $     520,525   $      554,738    $     588,321   $     623,165   $     659,308   $     696,713
  Retained Surplus                     $   1,091,639   $   1,220,149   $   1,298,349   $   1,189,109   $   1,207,291   $   1,216,360   $   1,224,506   $   1,233,017   $    1,239,487    $   1,245,969   $   1,252,610   $   1,259,125   $   1,264,925
  Total Community Equity               $   1,407,746   $   1,631,380   $   1,708,957   $   1,552,929   $   1,613,026   $   1,661,828   $   1,708,091   $   1,753,542   $    1,794,225    $   1,834,290   $   1,875,774   $   1,918,433   $   1,961,638

&¢ NOOSA Macher aa Council 2024/25 Budget Statements STATEMENT OF FINANCIAL POSITION For the period ending 30 June Original Actuals 9 BR1 BR2 Forecast Budget q 2024 2025 2025 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Annual Result - Total Council EMIT) $,000 $,000 Pmt) $,000 $,000 $,000 $,000 $,000 PATH) $,000 $,000 $,000 Assets Current Assets Cash and Cash Equivalents $ 106,126 $ 84,737 $ 90,162 $ 91,652 $ 78,444 §$ 73,959 $ 72,999 $ 71,782 $ 72,173 $ 69,381 $ 66,169 $ 66,526 $ 64,736 Trade and Other Receivables $ 19,151 $ 12,919 $ 13,017 $ 13,073 $ 13,563 $ 14,061 $ 14,483 $ 14,992 $ 15,414 $ 15,843 $ 16,239 $ 16,736 $ 17,202 Inventories $ 237 $ 198 $ 198 $ 237 $ 237 $ 237 $ 237 $ 237 $ 237 $ 237 $ 237 $ 237 $ 237 Other Current Assets $ 8,064 $ 2,854 $ 2,854 $ 1,102 $ 1,102 $ 1,102 $ 1,102 $ 1,102 $ 1,102 $ 1,102 $ 1,102 $ 1,102 $ 1,102 Total Current Assets $ 133,578 $ 100,708 $ 106,231 $ 106,064 $ 93,346 $ 89,359 $ 88,821 $ 88,113 $ 88,926 $ 86,563 $ 83,747 $ 84,601 $ 83,277 Non-Current Assets Investments $ 156,712 $ 152,798 $ 152,798 $ 156,712 $ 156,712 $ 156,712 $ 156,712 $ 156,712 $ 156,712 $ 156,712 $ 156,712 $ 156,712 $ 156,712 Property, Plant & Equipment $ 1,232,917 $ 1,478,939 $ 1,551,112 $ 1,385,006 $ 1,461,985 $ 1,513,656 $ 1,561,568 $ 1,609,017 $ 1,647,466 $ 1,688,432 $ 1,731,172 $ 1,771,426 $ 1,814,344 Other Non-Current Assets $ 1,360 $ 551 $ 551 $ 1,317 $ 1,273 $ 1,230 $ 1,187 $ 1,144 $ 1,122 $ 1,122 $ 1,122 $ 1,122 $ 1,122 Total Non-Current Assets $ 1,390,989 $ 1,632,287 $ 1,704,460 $ 1,543,034 $ 1,619,970 $ 1,671,597 $ 1,719,467 $ 1,766,872 $ 1,805,300 $ 1,846,265 $ 1,889,006 $ 1,929,260 $ 1,972,178 Total Assets $ 1,524,567 $ 1,732,995 $ 1,810,691 $ 1,649,098 $ 1,713,316 $ 1,760,956 $ 1,808,288 $ 1,854,985 $ 1,894,226 $ 1,932,828 $ 1,972,752 $ 2,013,861 $ 2,055,455 Liabilities Current Liabilities Trade and Other Payables $ 24,824 $ 9,326 $ 9445 $ 9,530 $ 9,879 $ 10,124 $ 10,392 $ 10,715 $ 10,986 $ 11,296 $ 11,568 $ 11,917 $ 12,240 Contract Liabilities $ 8,167 $ 4,000 $ 4,000 $ 4,000 $ 4,000 $ 4,000 $ 4,000 $ 4,000 $ 4,000 $ 4,000 $ 4,000 $ 4,000 $ 4,000 Borrowings $ 1,406 $ 1,339 $ 1,339 $ 1,228 $ 1,407 $ 1,450 $ 1,577 $ 1,713 $ 1,773 $ 1,832 $ 1,899 $ 1,934 $ 1,828 Provisions $ 11,727 $ 8,103 $ 8,103 $ 8,103 $ 8,103 §$ 8,103 $ 8,103 §$ 8,103 $ 8,103 §$ 8,103 $ 8,103 $ 8,103 $ 8,103 Other Current Liabilities $ 9,569 $ 8,955 §$ 8,955 $ 9,569 $ 9,569 $ 9,569 $ 9,569 $ 9,569 $ 9,569 $ 9,569 $ 9,569 $ 9,569 $ 9,569 Total Current Liabilities $ 55,693 $ 31,723 $ 31,842 $ 32,430 $ 32,958 $ 33,246 $ 33,640 $ 34,100 $ 34,431 $ 34,801 $ 35,139 $ 35,523 $ 35,740 Non-Current Liabilities Borrowings $ 23,449 $ 28,394 $ 28,394 $ 22,436 $ 26,030 $ 24,579 $ 25,253 $ 26,040 $ 24,267 $ 22,435 $ 20,536 $ 18,602 $ 16,774 Provisions $ 31,559 $ 33,251 $ 33,251 $ 35,183 $ 35,183 §$ 35,183 $ 35,183 §$ 35,183 $ 35,183 §$ 35,183 $ 35,183 $ 35,183 $ 35,183 Other Non-Current Liabilities $ 6,120 $ 8,247 $ 8,247 §$ 6,120 $ 6,120 $ 6,120 $ 6,120 $ 6,120 $ 6,120 $ 6,120 $ 6,120 $ 6,120 $ 6,120 Total Non-Current Liabilities $ 61,128 $ 69,892 $ 69,892 $ 63,739 $ 67,333 $ 65,882 $ 66,556 $ 67,343 $ 65,570 $ 63,738 $ 61,839 $ 59,905 $ 58,077 Total Liabilities $ 116,821 $ 101,615 $ 101,734 $ 96,169 $ 100,290 $ 99,128 $ 100,196 $ 101,443 $ 100,001 $ 98,539 $ 96,978 $ 95,428 $ 93,817 Net Community Assets $ 1,407,746 $ 1,631,380 $ 1,708,957 $ 1,552,929 $ 1,613,026 $ 1,661,828 $ 1,708,091 $ 1,753,542 $ 1,794,225 $ 1,834,290 $ 1,875,774 $ 1,918,433 $ 1,961,638 Community Equity Asset Revaluation Surplus $ 316,106 $ 411,231 $ 410,608 $ 363,820 $ 405,735 $ 445,468 $ 483,585 $ 520,525 $ 554,738 $ 588,321 $ 623,165 $ 659,308 $ 696,713 Retained Surplus $ 1,091,639 $ 1,220,149 $ 1,298,349 $ 1,189,109 $ 1,207,291 $ 1,216,360 $ 1,224,506 $ 1,233,017 $ 1,239,487 $ 1,245,969 $ 1,252,610 $ 1,259,125 $ 1,264,925 Total Community Equity $ 1,407,746 $ 1,631,380 $ 1,708,957 $ 1,552,929 $ 1,613,026 $ 1,661,828 $ 1,708,091 $ 1,753,542 $ 1,794,225 $ 1,834,290 $ 1,875,774 $ 1,918,433 $ 1,961,638