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

Operating expenditure – where the money goes
Council expended a total of $88.3 million in undertaking operating activities during the financial year.
The following graph presents a breakdown by expenditure type for normal operating expenditure
incurred during 2016/17.
Figure 5 – Operating Expenses by Function 2016/17




                          Depreciation
                             20%
                                                     Employee
                                                      Benefits
                                                       33%
                 Finance & Other
                      Costs
                       5%




                                   Materials &
                                    Services
                                     42%



Key Council expenditure sources include:
 Employee benefits - includes staff wages, superannuation, fees paid to Councillors and other
   employment costs.
   Depreciation expenditure – records the consumption of community infrastructure assets over their
    respective useful lives, and provides an indication of the level of required expenditure on the
    rehabilitation and renewal of existing assets annually.
   Materials and services – includes information communication technology, consultancy services,
    contractor services, electricity, external hire, rentals, repairs and maintenance, and advertising and
    donations.



Statement of financial position
The statement of financial position (or balance sheet) measures what Council owns (i.e. its assets), and
what we owe (i.e. liabilities) to determine the total community equity (net worth) at the end of each
financial year. Overall, Council’s investment in community capital continues to grow strongly.

Figure 6 – Comparative Statement of Financial Position 2016/17 ($’000)

                                   2015/16          2016/17
                                    ($’000)          ($’000)
Assets                          1,095,126         1,119,295
Liabilities                          58,502          64,418
Community Equity                1,036,624         1,054,877




                                                                         Noosa Council | Annual Report 2016 - 2017
                                                                                                          Page 32