Financial Performance Report – Jun 2025 · Financial Performance Report

GENERAL COMMITTEE MEETING                                                             14 JULY 2025



Figure 3: Operating Expenditure Position by Type




Tourism and Economic Development Investment Summary
Council resolved to report on a monthly basis, investment details for tourism and economic
development. Tourism and economic development activity is funded through the general rates
revenue. Expenditure as of 30 June 2025 is outlined below:
 Expenditure                              YTD Budget      YTD Actual      Variance
                                               $’000           $’000         $’000
 Tourism Noosa Funding Agreement             $2,520.0        $2,520.0             -
 Economic Development                        $1,299.3        $1,165.0       $134.3
 Total                                       $3,819.3        $3,685.0       $134.3

All instalments payable under the Tourism Noosa agreement for the 2024-25 financial year have
been made. The Tourism Noosa agreement was renewed for 12 months in May 2025 (ending 30
June 2026).

   •     Employee Costs $21.3k below FY budget (96.7% or $633.4k of $654.6k annual budget spent)
   •     Materials & Services are $115.0k below FY budget (96.1% or $2.9m of $3.0m annual budget
         spent)

Legal Costs Summary

An update on legal costs and associated expenditure is provided on a quarterly basis.

Legal and associated costs are $126.1k over budget YTD (108.9% or $1.5 million of $1.4 million
annual budget spent). Legal and associated expenditure is dependent on the type and specialist
nature of appeals being undertaken and costs and timing may fluctuate as a result.

Full year interim expenditure at 30 June 2025 is outlined below: