Meeting papers

SPECIAL MEETING                                                                         30 JUNE 2025



Rental Income
Total 2025/26 budgeted rental income totals $2.3 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 $3.1 million in 2025/26.
Interest revenues are forecast to be consistent with the prior year budget, but are lower than the
actual interest revenue received in the 2024/25 financial year due to expected lower interest rate
yields and the utilisation of cash reserves (grants and cash allocations) set aside to fund the delivery
of capital works projects.


Sales
Total sales revenue for 2025/26 is estimated at $17.3 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.)


Unitywater Distributions
Interest, dividend and tax payments associated with Council’s investment in Unitywater is estimated
at $6.0 million for the 2025/26 financial year. These distributions generally remain consistent year
on year in line with the terms of the Participation Agreement between Unitywater and Council.


Other Income
Income from other sundry sources is estimated at $1.0 million for the 2025/26 financial year.


Grants & Subsidies
Operating grants and subsidies of $5.3 million relate primarily to the annual financial assistance
grant, Australian and Queensland government payments to fund Noosa Seniors operations and
Queensland government library funding.


5.2     Operating Expenditure


Employee Benefits
Employee costs of $59.0 million include direct employee related salary expenditure and other indirect
costs such as superannuation, workers compensation insurance and staff training. There has been
a significant increase in staff costs over the prior year to reflect the in principal agreement reached
in respect to the renegotiation of Council's certified agreement and associated oncosts as well as
the inclusion of new staffing resources in the budget. Total employee costs represent 38.9% of
Council's total operating expenditure, which is in line with other Tier 3 councils.




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