2021-06-30 Special Meeting Agenda

SPECIAL MEETING AGENDA                                                                30 JUNE 2021


Materials and Services

Materials and services are a significant component of Council’s expenditure budget at $47.7 million.
Significant areas of material and service expenditure that assist with the delivery of services to the
community include $8.4 million in maintenance and operational costs for shire parks and natural
areas, roads, beaches and canals, $3.1 million investment in environmental management and
sustainability initiatives, and waste management costs of $11 million relating primarily to waste
collection, processing and recycling, and disposal contracts.

Other significant expense items included in the budget include information communication and
technology contract costs, annual lifeguard service provision provided by SLSQ, holiday park
operations, Tourism Noosa payments for tourism promotion, and operating and maintenance costs
for Council’s community and commercial facilities.

Finance Costs

Finance costs of $1.1 million includes $0.6 million for interest payments on Council borrowings with
Queensland Treasury Corporation, $0.5 million for future landfill rehabilitation cost provisioning and
also bank and merchant fees.

Depreciation

The draft budget includes asset consumption costs of $19.6 million which is utilised to assist with
funding Council’s proposed $47 million capital program in 2021/22.

Other Expenses

Other minor expenses are estimated at $233k for 2021/22.

6    Capital Budget

Council’s 2021/22 capital budget of $47 million includes an investment of $20 million to renew
existing infrastructure, $25.5 million for new and upgrade works and an additional $1.3 million
allocated to repay existing debt. Council intends to sustainably fund the capital plan via a mix of
grants and external funds ($20.6 million), new borrowings ($2.4 million) and cash ($23.9 million).

A number of significant value projects are proposed to be included in the 2021/22 financial year
including the completion of the Peregian Beach Rufous Street precinct development, Beckmans
Road Bypass Stage 1 roundabout, Hinterland Recreation Trails upgrade, Peregian Digital Hub
FireTech Living Lab establishment, Cooroy Hinterland Playground construction, and the
replacement of a number of bridges as part of the Australian Government Bridge Renewal Program.

The full list of projects for the financial year is contained in the Noosa Council 2021/22 Budget
document.

Previous Council Consideration
Council adopted its 2020/21 Budget at a Special Meeting of Council on 10 July 2020.

Finance
The Revenue Policy and Statement is the head of power that allows Council to levy rates and
charges on an annual basis.




                                                                                       Page 41 of 67