FINANCIAL PERFORMANCE REPORT – JUN 2025 · Statement of Income and Expenditure - Jun 2025

Attachment 1 - Statement of Income and Expenditure


Noosa Council
Statement of Income and Expenditure
For the Year Ended 30 June 2025
As at 30 June 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     94,308     94,040       (267)     100%        88,952
   Fees and charges                                         10,986     10,986      9,581     (1,405)      87%         9,073
   Interest received                                         3,711      3,711      6,608       2,897     178%         7,059
   Sale of Goods and major services                         15,914     15,914     16,452         538     103%        16,286
   Sale of contract and recoverable works                       31         31         27          (4)     88%            27
   Rental & lease income                                     2,234      2,234      1,786       (449)      80%         1,652
   Other income                                                981        981      1,633         652     166%         1,714
   Grants, subsidies, contributions and donations            7,169      7,169      7,019       (150)      98%         3,939
   Unitywater Distributions                                  5,950      5,950      5,950            -    100%         5,950
                                                           141,283    141,283    143,096       1,813     101%       134,652
Expenses
   Recurrent Expenses
   Employee benefits                                        53,122     53,122     52,191         931      98%        46,708
   Materials and services                                   62,809     62,809     59,201       3,608      94%        57,263
   Finance costs                                             3,032      3,032      2,232         801      74%         1,301
   Depreciation                                             21,936     21,936     21,978         (43)    100%        21,297
   Other expenses                                              246        246        145         100      59%           210
                                                           141,145    141,145    135,747       5,398      96%       126,778

Operating Result                                               138        138      7,349       7,211                  7,874

Summary of Capital Expenditure and Funding

Capital Funding
   Capital cash contributions and infrastructure charges     1,429      1,429      1,399        (30)      98%         2,586
   Contributed assets                                        1,500      1,500      1,770         270     118%         3,017
   Capital grants and subsidies                             90,464     90,464     63,498    (26,966)      70%        32,861
   Cash / revenue                                           33,025     33,025     19,289    (13,736)      58%        39,594
   New loan borrowings                                           -          -          -           -      0%              -
   Other capital revenue                                         -          -          -           -      0%             18
Total Capital Funding                                      126,418    126,418     85,955    (40,463)                 78,075

Capital Expenditure
   Contributed assets                                        1,500      1,500      1,770         270     118%         3,017
   Capital works - constructed assets                      112,895    112,895     70,237    (42,657)      62%        67,406
   Capital works - other capital                            10,782     10,782      4,271     (6,511)      40%         2,636
   Loan redemption                                           1,241      1,241      1,241           -     100%             -
   Other capital expenses                                        -          -      8,436       8,436      0%          5,016
Total Capital Expenditure                                  126,418    126,418     85,955    (40,463)                 78,075