2021-04-12 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA   12 APRIL 2021




                                   Page 22 of 43

GENERAL COMMITTEE MEETING AGENDA                                                               12 APRIL 2021

Noosa Council                                                                                    ATTACHMENT 4
Statement of Income and Expenditure
For the Year Ended 30 June 2021
                                                       Original Current Budget            Proposed        Revised BR3
                                                        Budget                         Adjustments              Budget
                                                         ($'000)          ($000)              ($000)             ($'000)

Revenue
   Recurrent Revenue
   Rates, levies and charges                              68,388           68,388                936             69,324
   Fees & charges                                          6,640            6,640                409               7,048
   Interest received                                        870               870                   -               870
   Sale of Goods and major services                        7,254            7,296               at Vt             10,013
   Sale of contract and recoverable works                    23                23                   -                23
   Rental & lease income                                   1,197             1,197                  -              1,197
   Other income                                             771               796                 69                865
   Grants, subsidies, contributions and donations          5,406            6,100                 73               6,173
   Unitywater Distributions                                5,650            5,650                                  5,650
                                                          96,198           96,958              4,203            101,162
Expenses
   Recurrent Expenses
   Employee benefits                                      34,656           34,752                116             34,868
   Matenals & services                                    42,671           44,473              2,078             46,551
   Finance costs                                           1,538             1,538                  -              1,538
   Depreciation                                           18,963            18,963                  -             18,963
   Other expenses                                            189              189                   -               189
                                                          98,017           99,915              2,194            102,109
Operating Result                                         (1,819)           (2,957)             2,009               (947)

Summary of Capital Expenditure and Funding

Capital Funding Sources
   Capital contributions and donations                     3,521            3,521                100               3,621
   Grants, subsidies, contributions and donations          7,254            11,642                46              11,688
   Cash / revenue                                         14,842            18,810              (875)             17,934
   New loan borrowings                                     3,420            3,420             (3,420)                  -
   Other capital revenue                                       -                 -                  -                  -
Total Capital Funding Sources                            29,037            37,392             (4,150)            33,243
Capital Expenditure
   Contributed assets                                      2,000            2,000                   -              2,000
   Capital works - constructed assets                     21,419           28,912             (4,150)            24,763
   Capital works - other capital                           3,204            4,066                   =              4,066
   Loan redemption                                         2,414            2,414                   -              2,414
   Other capital expenses                                      -                 -                  -                  -
Total Capital Expenditure                                 29,037           37,392             (4,150)            33,243

                                                                                                     Page 22 of 43