2018-02-12 General Committee Agenda

GENERAL COMMITTEE MEETING AGENDA   12 FEBRUARY 2018

                                       Attachment 1




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GENERAL COMMITTEE MEETING AGENDA                                                                       12 FEBRUARY 2018

                                                                                                               Attachment 1

   Noosa Council
   Statement of Income and Expenditure
   For the Year Ended 30 June 2018
  As at 31 January 2018
                                                         Current          Current
                                                          Budget           Budget          Actual          Variance          Annual
                                                            2018             YTD               YTD              YTD           Budget
                                                          ($'000)          ($'000)          ($000)           ($000)                %
   Profit and Loss Statement

   Revenue
      Recurrent Revenue
      Rates, levies and charges                            63,898           64,641           64,718               77            101%
      Fees and charges                                      5,089            3,364            3,799              435             75%
      Dividend income                                       1,860              925              925                -             50%
      Interest received                                     4,408            2,353            2,448               95             56%
      Tax equivalents                                       1,200              703              703                -             59%
      Sale of Goods and major services                      8,391            5,036            5,295              259             63%
      Sale of contract and recoverable works                   16                1               12               11             74%
      Rental & lease income                                 1,322              833              915               82             69%
      Other income                                          1,144              725              906              180             719%
      Grants, subsidies, contributions and donations        5,605            3,251            3,460              208             62%
                                                           92,932           81,832           83,180            1,348             90%
   Expenses
      Recurrent Expenses
      Employee benefits                                    30,445           17,144           16,737             (407)            55%
      Materials and services                               41,248           21,557           21,391             (166)            52%
      Finance costs                                         2,464            1,437            1,407              (30)            57%
      Depreciation and amortisation                        18,577           10,837           10,837                -             58%
      Other expenses                                          136              100               95               (5)            70%
                                                           92,870           51,074           50,467            (608)             54%
   Operating Result                                            63           30,758           32,713            1,956

   Summary of Capital Revenue and Expenditure

   Capital Revenue
      Capital contributions and donations                   3,867            1,089              983             (106)            25%
      Grants, subsidies, contributions and donations        4,709              504              645              140             14%
      Other capital revenue                                     -                -               36               36
   Total Capital Revenue                                    8,577            1,594            1,664               70

   Capital Expenditure
      Contributed assets                                        -                -               11               11
      Constructed assets                                   28,580           14,707           14,097             (611)            49%
      Other capital expenses                                    -                -               55               55
   Total Capital Expenditure                               28,580           14,707           14,163            (544)

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