2017-11-07 S&O Agenda - Attachment 1 to Item 10 - Annual Report 2016-17

Contents
INTRODUCTION ............................................................................................................................ 4
   Our Council ............................................................................................................................................................ 4
   Mayor’s Message................................................................................................................................................... 5
   Chief Executive Officer’s Message ........................................................................................................................ 6
THE YEAR IN REVIEW .................................................................................................................. 7
REPORTABLE DISCLOSURES ................................................................................................... 13
   Information relating to Councillors ....................................................................................................................... 13
   Overseas travel.................................................................................................................................................... 18
   Executive remuneration ....................................................................................................................................... 18
   Equal opportunity employment ............................................................................................................................ 18
   Administrative action complaints ......................................................................................................................... 19
   Council registers .................................................................................................................................................. 19
   Community grants 2016/17.................................................................................................................................. 20
   Discretionary funds .............................................................................................................................................. 25
   Beneficial enterprises .......................................................................................................................................... 25
   Business activities ............................................................................................................................................... 25
   Significant business activity ................................................................................................................................. 25
   Competitive neutrality .......................................................................................................................................... 25
   Commercial business units .................................................................................................................................. 26
   Services, facilities and activities, for which special rates/ charges levied............................................................ 26
   Summary of concessions for rates and charges.................................................................................................. 26
   Invitations to change tenders ............................................................................................................................... 28
   Audit and Risk Committee ................................................................................................................................... 28
   Internal Audit........................................................................................................................................................ 28
COMMUNITY FINANCIAL REPORT ............................................................................................ 29
   Background.......................................................................................................................................................... 29
   Highlights and achievements ............................................................................................................................... 30
   Where was the budget spent? ............................................................................................................................. 30
   Statement of comprehensive income .................................................................................................................. 31
   Operating revenue – where the money came from ............................................................................................. 31
   Operating expenditure – where the money goes ................................................................................................. 32
   Statement of financial position ............................................................................................................................. 32
   Assets – what we own ......................................................................................................................................... 33
   Liabilities – what we owe ..................................................................................................................................... 34
   Statement of changes in equity ........................................................................................................................... 34
   Statement of cash flows....................................................................................................................................... 34
   Financial ratios..................................................................................................................................................... 35
   Operating surplus ratio ........................................................................................................................................ 35
   Net financial liabilities ratio .................................................................................................................................. 35
   Asset sustainability ratio ...................................................................................................................................... 36
   Summary ............................................................................................................................................................. 36
FINANCIAL STATEMENTS 2016/17 ............................................................................................ 37




                                                                                                                   Noosa Council | Annual Report 2016 - 2017
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