2022-06-28 Special Meeting Agenda

SPECIAL MEETING AGENDA                                                                28 JUNE 2022

Unitywater Distributions
Interest, dividend and tax payments associated with Council’s investment in Unitywater is estimated
at $6.0 million for the 2022/23 financial year.

Other Income
Income from other sundry sources is estimated at $1.0 million for the 2022/23 financial year.

Grants & Subsidies
Operating grants and subsidies of $4.9 million relate primarily to the annual financial assistance
grant, Australian and Queensland government payments to fund Noosa Community Support
operations and Queensland government library funding.

5.2   Operating Expenditure

Employee Benefits
Employee costs of $42.2 million includes direct employee related salary expenditure and other
indirect costs such as superannuation, workers compensation insurance and staff training. The total
increase in staff costs from 2021/22 is 11%, reflecting employee certified agreement increases and
workers compensation premium increases, and the inclusion of new staffing resources in the budget.

Materials and Services
Materials and services are a significant component of Council’s expenditure budget at $54.8 million.
Significant areas of material and service expenditure that assist with the delivery of services to the
community include $8.4 million in maintenance and operational costs for shire parks and natural
areas, roads, beaches and canals, $3.2 million investment in environmental management and
sustainability initiatives as well as waste management costs of $13.5 million relating primarily to
waste collection, processing and recycling, and disposal contracts.

Other significant expense items included in the draft budget include information communication and
technology contract costs, annual lifeguard service provision provided by SLSQ, holiday park
operations, Tourism Noosa payments for tourism promotion, and operating and maintenance costs
for Council’s community and commercial facilities.

Finance Costs
Finance costs of $1.2 million includes $0.6 million for interest payments on Council borrowings with
Queensland Treasury Corporation, $0.5 million for future landfill rehabilitation cost provisioning and
also bank and merchant fees ($0.1 million).

Depreciation
The draft budget includes asset consumption costs of $19.7 million which is utilised to assist with
funding renewal and replacement works in Council’s proposed $42 million capital program in
2022/23.

Other Expenses
Other minor expenses are estimated at $256k for 2022/23.

6     Capital Budget
Council’s 2022/23 capital budget of $42.0 million includes an investment of $29.8 million to renew
existing infrastructure, $11.3 million for new and upgrade works and an additional $1.0 million
allocated to repay existing debt. Council intends to sustainably fund the capital plan via a mix of
grants and external funds ($14.4 million), new borrowings ($5.8 million) and cash ($21.8 million).




                                                                                       Page 57 of 79