2019-12-10 Planning & Environment Committee Agenda

PLANNING & ENVIRONMENT COMMITTEE MEETING AGENDA                             10 DECEMBER 2019


The report also outlines NBRF’s progress against the key performance indicators outlined in the
current funding deed. These indicators are tracking well, with further work required only on better
quantification of outcomes.


The notes to the financial statements for 2017/18 indicated that changes to the Australian
Accounting Standards will result in changed requirements in relation to accounting for fair value
of the right to use the premises provided by Council at Doonella House. These changes were
due to come into effect from 30 June 2020. The Australian Accounting Standards Board,
recognising the difficulty of not-for profits implementing this Standard, have now removed the
requirement to adjust for peppercorn leases from the Standard. As such, this is not a current
concern for NBRF.
Previous Council Consideration
Ordinary Meeting Minutes, 21 March 2019, Item 5, Page 19
That Council note the report by the Director Environment and Sustainable Development to the
Planning & Environment Committee Meeting dated 12 March 2019 and note the report received
from the Noosa Biosphere Reserve Foundation including the 2017/2018 Annual Report and
Audited Financial Statement as provided at Attachment 1 and thank the volunteer Board
Members of NBRF for their efforts.
Ordinary Meeting Minutes, 21 June 2018, Item 1, Page 15
That Council note the report by the Chief Executive Officer to the Planning & Environment
Committee Meeting dated 12 June 2018 and:
A.   Agree to enter into a 3-year Funding Deed with the Noosa Biosphere Reserve Foundation
     (the Foundation) as set out in Attachment 1 to the report;
B.   Authorise the Chief Executive Officer to make any minor alterations to the Funding Deed,
     as may be necessary, and enter into the Funding Deed with the Foundation;
C.   Offer the Foundation the remaining 3-year lease option to continue the use of the Council
     premises at 52 Doonella Street, Tewantin subject to the existing lease conditions and
     continuation of the informal arrangements for use of the premises by other community
     groups.
D.   Thank the NBRF members including current board members for their considerable
     volunteer efforts over the past 3 years.
Ordinary Meeting Minutes, 15 February 2018, Item 1, Page 11
That Council note the report by the Chief Executive Officer to the Planning & Environment
Committee Meeting dated 6 February 2018 and note the reports received from the Noosa
Biosphere Reserve Foundation including the 2016/17 Annual Report, Audited Financial
Statement and the 2017/18 Six Monthly Progress Report.


Finance
The NBRF 2018/19 Audited Financial Statements are provided at Attachment 2.
The 2018/19 financial year is the first year of a new funding agreement. In accordance with the
funding deed, $125,000 was quarantined from the Environment Levy for contribution of the NBRF
projects that align with the principal purposes of the trust. NBRF did not seek that funding during
the 2018/19 financial year, so it was not provided.
Also in accordance with the new funding deed, for the remaining years of the deed (2019/20 and
2020/21) NBRF will need to lodge an application for project funding to be provided out of the
Environment Levy, and these applications will be assessed against others through the
Environment Grants process.

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