2021-04-12 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA   12 APRIL 2021




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GENERAL COMMITTEE MEETING AGENDA                                                                         12 APRIL 2021

 Noosa Council                                                                                                   ATTACHMENT 1
Statement of Income and Expenditure
For the Year Ended 30 June 2021
As at 31 March 2021
                                                           Current           Current
                                                            Budget            Budget           Actual        Variance         Annual
                                                               2021             YTD               YTD              YTD        Budget
                                                             ($'000)          ($'000)          ($'000)          ($'000)          %
Profit and Loss Statement

Revenue
    Recurrent Revenue
    Rates, levies and charges                                 68,388           68,371           69,313              943        101%
    Fees and charges                                           6,640            5,029            5,747              718         87%
    Interest received                                           870               592              618               Z5         71%
    Sale of Goods and major services                           7,281            3.327            8,506            3)179        117%
    Sale of contract and recoverable works                        23                -                o                5         24%
    Rental & lease income                                      1,197              918            1,079              161         90%
    Other income                                                796               639              726               87         91%
    Grants, subsidies, contributions and donations             6,115            3,602            3,788              186         62%
    Unitywater Distributions                                   5,650            3,025            3,025                 :        54%
                                                              96,958           87,504           92,807            5,304         96%
Expenses
    Recurrent Expenses
    Employee benefits                                         34,752           25,292           24,760              532         71%
    Materials and services                                    44,473           31,142           31,779             (637)        71%
    Finance costs                                              1,538            1,162            1,089               72         71%
    Depreciation                                              18,963           14,222           14,236              (14)        75%
    Other expenses                                               189              144              195              (51)       103%
                                                              99,915           71,961           72,060              (98)        72%
Operating Result                                              (2,957)          15,542           20,747            5,205

Summary of Capital Expenditure and Funding

Capital Funding
    Capital cash contributions and infrastructure charges      1,521            1,411            1,441               30         95%
    Contributed assets                                         2,000              132              205               72         10%
    Capital grants and subsidies                              11,642            4,297            7,466            3,169         64%
    Cash / revenue                                            18,810           10,558            9,316           (1,242)        50%
    New loan borrowings                                        3,420                -                -                 -        0%
    Other capital revenue                                          -                -               12               12         0%
Total Capital Funding                                         37,392           16,398           18,441            2,042

Capital Expenditure
    Contributed assets                                         2,000              132              205               72         10%
    Capital works - constructed assets                        28,912           11,925           12,741              816         44%
    Capital works - other capital                              4,066            1,928            1,724             (204)        42%
    Loan redemption                                            2,414            2,414            2,414                 -       100%
    Other capital expenses                                         -                -            1,357            1,357         0%
Total Capital Expenditure                                     37,392           16,398           18,441            2,042

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