2022-06-28 Special Meeting Agenda

SPECIAL MEETING AGENDA                                                                 28 JUNE 2022

4     Operating Budget
Council’s 2022/23 operating budget includes both revenue and expenditure required to both fund
and deliver day to day operations according to current levels of service. The table below outlines the
proposed operating budget position, with an operating surplus position ensuring that Council’s
required operating expenditure for the financial year is fully funded by operating revenue.

 Operating Budget                 2022/23
                                  ($’000)
 Revenue                          $118,213
 Expenditure                      $118,066
 Operating Surplus                $147

5     Budget Breakdown
A brief outline of the main elements of the Council budget is provided below.

5.1   Operating Revenue

Net Rates and Utility Charges
2022/23 budgeted net rates and utility charges total $82.5 million, with the early payment discount
($2.8 million), pensioner concessions ($700k), and general rate donations for community
organisations ($174k) continuing.

The rate notice for the majority of properties will show a minimum general rate increase of $58
(5.0%), a $17 (5.0%) increase in the waste collection charge, and an increase in the existing
environment levy of $6 (9.4%), heritage levy of $1.50 (18%) and no increase to the sustainable
transport levy.

Overall, this represents a total net minimum rate increase of 5.1% in line with the March 2022 national
Consumer Price Index. Full details of Council’s rates and charges are contained in the Revenue
Statement 2022/23.

Fees and Charges
Council has forecast $8.9 million in revenue from fees and charges in 2022/23. The majority of
Council fees and charges budget relates to development related revenue (planning applications),
local laws (parking and infringement fees) and plumbing and building regulatory fees for service.

Rental Income
Total 2022/23 budgeted rental income totals $1.8 million. Included in this budget are a number of
commercial property leasing arrangements including the Digital Hub, Noosa North Shore Ferry and
Sunrise shopping centre.

Interest Received
Interest on cash investments and overdue rates is forecast to achieve $870k in 2023/23. Interest
revenues are expected to increase from current year 2021/22 levels due to higher interest rates
forecast in the current economic climate.

Sales
Total sales revenue for 2022/23 is estimated at $12.3 million. Sales revenue is derived from activities
such as holiday park occupancy, waste management disposal fees and recyclable sales, and
revenue generated from Council’s community facilities (Aquatic Centre, Leisure Centre, The J, etc.)
These revenue streams have recovered strongly following the pandemic and are forecast to return
to pre pandemic levels in the 2022/23 financial year.

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