Meeting papers

SPECIAL MEETING                                                                       30 JUNE 2025



Materials and Services
Materials and services are a significant component of Council’s expenditure budget at $61.2 million.
Significant areas of material and service expenditure that assist with the delivery of services to the
community include $11.1 million in maintenance and operational costs for shire parks and natural
areas, roads, beaches and canals, $3.5 million investment in environmental management and
sustainability initiatives as well as waste management costs of $16.2 million relating primarily to
waste collection, processing and recycling, and disposal contracts.


Other significant expense items included in the 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 $2.9 million includes $1.3 million for interest payments on Council's existing and
proposed borrowings with Queensland Treasury Corporation, $1.4 million for future landfill
rehabilitation cost provisioning and also bank and merchant fees $0.2 million.


Depreciation
The draft budget includes asset consumption costs of $23.5 million which is utilised to assist with
funding renewal and replacement works in Council’s proposed $50.9 million capital program in
2025/26.


Other Expenses
Other minor expenses are estimated at $294k for 2025/26.


6. Capital Budget


Council’s 2025/26 capital budget of $50.9 million includes an investment of $27.5 million to renew
existing infrastructure, $22.1 million for new and upgrade works and an additional $1.3 million
allocated to repay existing debt. Council intends to sustainably fund the capital plan via a mix of
grants and external funds ($16.2 million), new borrowings ($5.0 million) and cash ($29.7 million).


A number of significant value projects are proposed to be included in the 2025/26 financial year
including:
   •   Doonella Bridge renewal $8.9 million,
   •   Shire Road Reseal Program $5.6 million,
   •   Noosa Eumundi Road Landfill Resource Recovery Expansion $5.0 million,
   •   Kin Kin - Wahpunga (Trail 4) & Woondum (Trail 3) - Renewal $2.4 million,
   •   Noosa Aquatic Centre Filtration System Upgrade $2.8 million




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