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2016-11-08 S&O Agenda - Item 3, Attachment 1 - Local Economic Plan
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Log in to see the plans as drawnAnnual Report 2015/16 For the period 1 July 2015 to 30 June 2016 Services & Organisation Committee Agenda - 8 November 2016 Item 1 ATTACHMENT 1 Noosa Council Annual Report 2014/15 Page 1 of 29
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Section 2
© Noosa Council 2016 www.noosa.qld.gov.au General Enquiries: By telephone: (07) 5329 6500 By email: [email protected] Fax: (07) 5329 6501 Street Address: 9 Pelican Street, TEWANTIN Postal address: PO Box 141, TEWANTIN QLD 4565 Endorsed by Noosa Council [date to be inserted]
Section 3
Table of Contents
Our Previous Council 2014-2016 ................................................................................................. 2
Our New Council from April 2016 ................................................................................................ 2
Mayor’s Message .......................................................................................................................... 3
Chief Executive Officer’s Message .............................................................................................. 4
The Year in Review ....................................................................................................................... 5
Reportable Disclosures .............................................................................................................. 12
Information relating to Councillors ............................................................................................. 12
Remuneration ........................................................................................................................ 12
Reportable Council resolutions for the period ........................................................................ 14
Councillors’ expenses and resources provided ...................................................................... 14
Summary of expenses/reimbursements paid to Councillors for the period ............................. 15
Councillor meeting attendance .............................................................................................. 16
Complaints about Councillors ................................................................................................ 17
Overseas travel ......................................................................................................................... 18
Executive remuneration ............................................................................................................. 18
Commitment to equal opportunity employment.......................................................................... 19
Administrative action complaints ............................................................................................... 19
Council registers ....................................................................................................................... 20
Community grants 2015/16 ....................................................................................................... 20
Discretionary funds.................................................................................................................... 24
Beneficial enterprises ................................................................................................................ 24
Business activities ..................................................................................................................... 25
Significant business activity ....................................................................................................... 26
Competitive neutrality ................................................................................................................ 26
Commercial business units........................................................................................................ 26
Services, facilities and activities, for which special rates/charges levied .................................... 26
Summary of concessions for rates and charges ........................................................................ 27
General rate concessions ...................................................................................................... 27
Deferral of general rates ........................................................................................................ 27
Interest charges on deferred rates ......................................................................................... 28
Available pensioner concessions for the period ..................................................................... 28
Invitations to change tenders ..................................................................................................... 29
Audit and Risk Committee ......................................................................................................... 29
Internal Audit ............................................................................................................................. 29
Community Financial Report – 2015/16 ..................................................................................... 30
Financial Statements 2015/16 .................................................................................................... 38
Noosa Council Annual Report 2015/16 Page 1
Section 4
Our Previous Council 2014-2016 From left to right: Cr Joe Jurisevic, Cr Frank Pardon, Cr Bob Abbot (Deputy Mayor), Mayor Noel Playford, Cr Sandy Bolton, Cr Frank Wilkie, and Cr Tony Wellington. Our New Council from April 2016 From left to right: Cr Frank Pardon, Cr Joe Jurisevic , Cr Brian Stockwell, Mayor Tony Wellington, Cr Ingrid Jackson, Cr Jess Glasgow, and Cr Frank Wilkie (Deputy Mayor). Noosa Council Annual Report 2015/16 Page 2
Section 5
Mayor’s Message
2015/16 was a year of transition for Noosa Council. This occurred on two fronts.
First we completed the two-year process of building our new Council, by writing
and adopting remaining Council policies, largely finalising our workforce,
solidifying our economic strategies and bedding down our pioneering IT
systems.
The other transition was a product of the local government elections which saw
both Noel Playford and Bob Abbot retiring, and three new Councillors elected.
Noel Playford’s essential role in putting the Council on solid foundations cannot
be underestimated. When I took over the helm on 5th April 2016, Noosa Council was in a very solid
financial position, as reflected in assessments by the Queensland Treasury Corporation.
Noel and Bob, in their respective roles as Mayor and Deputy Mayor, also left a legacy of cooperative
participation amongst the elected body. Their interrelationship and leadership skills inform the model on
which the current elected body operates.
Looking back, I am amazed at how quickly Noosa Council managed to get to its proverbial feet.
Significant credit for this must go to our CEO, Brett de Chastel and his management team.
But of course it wasn’t just the CEO and our managers who were asked to pull out all stops. Our
Council is only as good as the staff who comprise it, and we are truly blessed with a skilled, passionate
workforce. The most commonplace comment that I receive from residents is acknowledgement of how
much they enjoy their interactions with our staff, whether it’s in the field or at the Tewantin building. This
reflects a corporate mind-set that is precious to my fellow councillors and myself.
2015-16 saw the completion of a hugely ambitious capital works program. There was certainly some
catch-up work to do following de-amalgamation, on top of which the sealing of the hinterland loop road
was added. This legacy project, the sealing of Dr Pages Rd and part of Kinmond Creek Rd, has already
produced demonstrable benefits in the hinterland. With Tourism Noosa helping promote our rural areas
through their Noosa Country Drive initiative, those benefits will continue to flourish.
The future for Noosa Council is glaringly bright. I am blessed with an excellent team of councillor
colleagues, all pulling together and working harmoniously. I thank each of them for their support and
camaraderie. Together, we have a unique opportunity to help develop a future vision for our wonderful
Shire. That will be expressed in our new planning scheme, but also in the decisions we make during our
budget deliberations and in Council meetings.
Fundamentally, the vision that I have is for Noosa to be an exemplar of best practice in sustainability,
environmental awareness and protection, economic vigour and community wellbeing. The move
towards a zero emissions future may well prove to be an essential catalyst in achieving those aims.
Let me conclude by paying my respects to the traditional owners of the land on which we are so lucky
to live, the Gubbi Gubbi or Kabi Kabi people. And I also want to express my deep gratitude to all those
community leaders, decision-makers, activists and foot soldiers who have helped shape the Noosa
Shire over the past half century and more. Without their efforts Noosa would not be the glorious place it
is today.
Tony Wellington
Mayor
Noosa Council Annual Report 2015/16 Page 3
Section 6
Chief Executive Officer’s Message
As I reflect on the last 12 months, I realise that 2015/16 was really a year of
transition. At one level, we were transitioning from a Council that was busy re-
establishing itself following de-amalgamation into a Council getting on with the
business of providing local government services. By necessity, the first year or
two following de-amalgamation was all about setting ourselves up as a new
working Council. New systems, getting the finances and governance right,
reconnecting with our community and making sure that we got through that
process as smoothly as possible.
Many people predicted that we would take 4 or 5 years to finalise that process based on the experience
of some Councils who had been through amalgamations and took that long to wrap up those
amalgamations. By the second half of the 2015 calendar year, we had successfully completed the de-
amalgamation process. This was an awesome effort from all concerned – Councillors, management
and staff. By that time, we were getting on with the normal business of local government and looking
forward, not backwards.
The second transition that occurred in 2015/16 was the political transition from our first Council term to
our second Council term. The election in March 2016 was a transition moment in Noosa’s political
history as well. Putting aside the last two years of the Sunshine Coast Council’s management of
Noosa, Noosa had not had a Mayor other than Bob Abbot or Noel Playford since 1988 – almost 28
years. I have had the privilege of working for both Noel and Bob as Mayors and their steady, astute
and visionary leadership has served Noosa well. We would not be where we are today without them,
both as a Council and a community.
In March 2016, the Noosa community elected Mayor Tony Wellington and Councillors Wilkie, Pardon,
Jurisevic, Glasgow, Jackson and Stockwell as their Council for the next 4 years. Our new Council
quickly settled into its stride after being sworn in on 4 April 2016.
While preparing an annual report is often an opportunity to reflect on the past, I think that the future is a
much more exciting thing to think about. In Noosa’s case (both as a Council and community) one of our
big challenges is never to become complacent. It is sometimes too easy to think that things are going
well and there is nothing to improve on. That is why the best time to prepare a Local Economic Plan is
when our economy is going well (our current unemployment rate is below the State average) which is
what we did by adopting this plan in early 2016. That is just one example and my message to our
community and our Council staff is to never rest on our laurels.
Noosa has always excelled at excellence and we need to continue to do so to stay ahead of the game.
To quote Jim Collins - “Good is the enemy of great. And that is one of the key reasons why we have so
little that becomes great. We don't have great schools, principally because we have good schools. We
don't have great government, principally because we have good government. Few people attain great
lives, in large part because it is just so easy to settle for a good life.”
As always, it is important to recognise the enormous amount of dedication and work undertaken by our
Council staff to provide services to our community on a daily basis. Whether it is opening the pool early
in the morning, lending library books, resealing roads or keeping our parks and gardens looking great,
our 350 Council staff are working hard for our community. I take this opportunity to publicly thank all of
our staff for their dedication, commitment and enthusiasm in making our Noosa community a better
place. Working at Council allows us to make a difference to the community that we live in.
Brett de Chastel
Chief Executive Officer
Noosa Council Annual Report 2015/16 Page 4
Section 7
The Year in Review This section of the Annual Report looks at Council’s progress in achieving the goals set out in its Corporate Plan. Noosa Council adopted its first Corporate Plan in June 2014. The Council’s Corporate Plan which was in place during 2015/16, identified 7 key priorities. Those 7 key priorities and the progress towards achieving them are set out below. Council’s Operational Plan 2015/16 detailed the major priorities and initiatives that Council undertook to work towards the implementation of the Corporate Plan. Throughout the year, the CEO provided the Council with quarterly reports looking at progress of the Operational Plan and details of Key Performance Indicators. The CEO also provided a separate report at the end of the financial year to the Council on the progress towards achieving the Corporate Plan outcomes. Both the quarterly and annual reports to Council are made available to the public via Council’s website. Our current Corporate Plan sets out a number of strategic goals and also identifies seven priorities for our Council. The key priorities identified are: 1. A financially sustainable Council 2. Great customer service 3. Community engagement and communication 4. Focus on community assets 5. Establishing new policies and strategies 6. Custodianship of Noosa’s environment 7. Diversification of our economy An assessment of progress in achieving our Corporate Plan goals will be made against these key priorities. Corporate Plan Priority 1 - A financially sustainable Council We will make sure that our Council is financially sustainable in both the short and long term. This will entail a focus on strong budget control and good long term planning. Key achievements include: Developing the 2015/16 budget based on a “build from base” budget methodology which examines every cost on its merits. The same methodology was used during the year to the 2016/17 budget development. The Queensland Treasury Corporation is now using Noosa Council as a best case exemplar as it promotes the use of “build from base” budgeting to other Councils. The use of the “build from base” budget methodology has allowed Council to minimise general rate increases. We applied a 0% general rate increase in 2014/15, a 1.3% general rate increase in 2015/16 and a 1.9% general rate increase in 2016/17. This is the lowest cumulative general rates increase in Councils across SEQ in that period. We have exceeded our operating surplus budget projection for 2015/16. Revenue is above budget and expenditure is below budget resulting in a greater operating surplus for Council than budgeted. Details of the full financial year result are set out in our audited financial statements which are attached to this annual report. Council re-adopted its Financial Sustainability Policy on 29 June 2016. This policy reinforces Council’s determination to apply good financial discipline and long term financial strategies to ensure that our early success in meeting prescribed financial ratios is maintained in the longer term. We met all of our financial ratio targets in 2015/16. Noosa Council Annual Report 2015/16 Page 5
Section 8
Reporting formats for monthly and quarterly financial reports to Council were reviewed in
2015/16 with improved performance graphs. These were reported to Council and made
available on Council’s website for the community. Detailed capital works reports were also
provided separately to keep a focus on progress with the Capital Works Program which had a
much higher completion rate than previous years (see priority 4 for further details).
Council continued to receive positive Queensland Audit Office results. We received an
unqualified audit sign off for the 2014/15 financial statements and the interim 2015/16 audit
conducted in early 2016 identified no significant issues that needed to be addressed. The
Audit and Risk Committee continued to monitor our approach to managing risk and compliance
with governance obligations.
Our continuous improvement program resulted in reviews being completed for Local Laws,
Libraries, Noosa Aquatic Centre, and Property & Facilities resulting in over 50
recommendations that will contribute to efficiencies and improvements in the delivery of these
services.
Corporate Plan Priority 2 – Great Customer Service
It goes without saying that our community expects and deserves great customer service. We aim
to increase the number of online services available to our community. We also aim to respond to
our customers as quickly as possible and to provide personal friendly service.
Key achievements include:
There is continuing improvement in the management of our front line phone interface with our
customers. Shortly after our establishment, too many customers were waiting too long on hold
to have their phone calls answered. This has steadily been improving over the last two years
with the introduction of “call back” facilities, better training for frontline customer service staff,
the introduction of better information on answering queries, dedicated staff and good
management of the Customer Service Branch. In July 2014, average wait times were above
75 seconds but during 2015/16, they were on average below 60 seconds.
There continued to be high levels of Customer Requests (CRMs) during the year with February
2016 having the highest total number of customer requests since we commenced in 2014
(mainly rates and trees requests). In total, there were 17,015 CRMs lodged in 2015/16.
The level of complaints about Council’s service to customers remains very low. Our KPIs show
our completion rate of responding to CRMs is improving compared to previous years but can
improve further. The main focus remains on our five most frequent customer requests
(animals, garbage bins, tree requests, rates and roads).
Council adopted a Customer Service Charter during 2015/16 that sets out our expected
standards for our customers.
Council continued to receive outstanding feedback from the community about customer service
and services provided to the community generally. The two areas that continually receive the
most positive feedback were parks and gardens and frontline customer service.
“I wrote to you guys yesterday about a pot-hole opposite our business. When we arrived for
work today it was fixed! I'm absolutely gobsmacked. You guys are the greatest. Please give
credit to those that had this fixed so quickly.”
Customer phoned to say thank you to the team who trimmed the trees in Poinciana Ave – a job
well done!
“G'day Council, We're newly arrived in the area after 10 years in the UK and I just wanted to
say it's great to see awesome communal resources like Cooroy library with so many great
resources/events and a social enterprise coffee shop to top it off! Much appreciated.”
“Thanks so much for the beautiful golden penda street trees … great work, as usual!”
Our internal staff survey undertaken in May 2016 included details of our staff attitude to
customer service. Pleasingly, that question receives one of the highest scores in the internal
staff survey with almost 83% of staff identifying that they can readily resolve a customer’s issue
to the customer’s satisfaction.
Noosa Council Annual Report 2015/16 Page 6
Section 9
Corporate Plan Priority 3 – Community engagement and communication We know that our community wants to be kept informed and we need to provide as much information as possible via local media and to develop a better online presence. We will involve the community in decision making on key issues affecting the future of Noosa. Key achievements include: Council completed its second Community Jury in December 2015 and the Jury provided its report to Council on the future options for management of the Noosa River in early 2016. Council is now advancing those recommendations. Council has undertaken a number of meetings across our region to engage with our community. A formal Council meeting was held at Noosa Junction in October 2015. Councillors and staff have also held numerous meetings across the Shire on a range of local issues. The Project News updates were refined and published on a regular basis to provide information on capital works projects occurring in local neighbourhoods. Our e-newsletter is continuing to be enhanced as it currently focuses on publishing links to press releases. There is more to do with this publication and enhancements are currently underway. The Libraries and Galleries e-newsletter continues to set the benchmark. Council’s website design and content is improving. The website is now mobile enabled. The online services component (including online payments) is also enabled but while usage is growing, it is still relatively low as a percentage of overall transactions. Technology One are developing more user friendly interfaces and we have recently incorporated the use of Apps into our service delivery interface to make it easier for customers to log requests. Council’s social media presence significantly improved in the 2015/16 year. Council’s Facebook followers have increased to around 4,000 and this medium has been particularly useful in keeping people informed during natural disasters. The Noosa Library Service and The J also have developed strong social media presences which assist in the promotion of their services. We are also just starting to develop our Noosa Council Instagram presence and the Noosa Library is well advanced with their Instagram processes aimed at engaging with a younger demographic. Council has been very active in liaising with various community organisations across the Shire. Regular meetings are held by Councillors and senior staff with a variety of community based organisations including CCIQ (Noosa and Cooroy), Noosa Junction Association, Tourism Noosa, Noosa Waters Residents Association, Hastings Street Association, Noosa Residents and Ratepayers Association etc. Consultation with the community on a range of issues took place throughout the year. While too numerous to list all of these, some examples include: o Noosa Transport Strategy o Sunshine Beach Skatepark o Pest Management Plan o Waste Reduction and Recycling Plan o Rufous Street project at Peregian Beach including a design charette. The Your Say Noosa portal on our website is fully operational and is becoming well used. Noosa Council has been identified by the supplier as the most extensive user of that engagement portal in Queensland. A significant number of staff have attended IAP2 training (with more training planned) to increase skills in community engagement and deliver more effective project outcomes. Noosa Council Annual Report 2015/16 Page 7
Section 10
Corporate Plan Priority 4 – Focus on community assets
The Council’s focus will be on maintaining and renewing existing assets rather than building new
assets. In the short term, there will be a strong focus on undertaking condition assessments and
developing long term asset management plans.
Key achievements include:
A successful rollout of the 2015/16 Capital Program which included a total program of $35.64M
once carryovers from the previous year and emergent projects during the year were taken into
account. In 2014/15, the Capital Program completion rate was 68%. The 2015/16 completion
rate was 89% (recognising that some of the capital program was based on a contingency for
emergent works which were not required). The team in Infrastructure Planning & Design
Services have done an excellent job in delivering such a large program.
By year end, there were no major projects that had not been finalised.
Some of the significant capital projects achieved in 2015/16 included:
o Dr Pages Road construction;
o Rifle Street Pomona flood mitigation project (jointly funded with the State and
Commonwealth);
o Bus stop design and stage 2 rollout;
o Munna Point erosion control project;
o Major road reseals including David Low Way, Cooroy Noosa Road and Goodchap Street;
and
o Munna Point Bridge refurbishment.
Looking ahead, substantial work was undertaken in 2015/16 to prepare for the 2016/17 Capital
Program. A longer term Capital Program is being developed to enable better forward planning
and design. Forward planning in 2015/16 included:
o Noosa Heads Boardwalk;
o Rufous Street Project at Peregian Beach; and
o Road condition assessments to guide a longer term future reseal program.
As noted by QTC in their 2015 report, Council has still not finalised its Asset Management
Plans (AMPs). During 2015/16, there was a continued focus on condition assessment of
various asset classes (e.g. mainly roads, drainage and Council buildings). High level AMPs
were adopted by Council in 2015/16 but detailed plans for each asset class have yet to be
finalised. Council commissioned an Asset Capability Audit to provide a road map to develop
our asset management capability based on ISO55000.
Council completed year 2 of a 3 year plant and fleet replacement program to bring Council’s
fleet and plant back up to standard. We have almost completed the replacement of leased
vehicles and continued to accelerate the replacement of trucks and yellow plant. At the
conclusion of our three year program, we will have a modern fleet.
A service review and strategy for our Library Services was completed which resulted in the
reallocation of resources within that program to focus on future technology (including radio
frequency tagging for library items) and a review of opening hours to better align with
community needs.
Some site specific asset management issues have involved significant focus. Examples
include:
o Ensuring that the Beach Sand Recycling System was operational and had regular
inspections. This became important following the major storm that required sand
replenishment pumping in June 2016 (funded by the Noosa Main Beach levy); and
o Improving security camera operations and maintenance in consultation with the
Hastings Street Association (funded by the Hastings Street Security levy).
Noosa Council Annual Report 2015/16 Page 8
Section 11
Corporate Plan Priority 5 – Establishing new policies and strategies As a Council, we will need to develop a range of policies and strategies that set the path for future Councils. There are a number of strategies and policies to be reviewed and developed that will set the strategic direction for the future. Key achievements include: Council’s new Local Laws came into effect on 1 July 2015 with a smooth transition. A number of background studies have been undertaken in preparation for the development of the new Planning Scheme. Council fine-tuned its Community Grants Policy and established a better process for receiving and assessing community grant applications. Council adopted a new Social Strategy for Noosa. This included the establishment of a community reference group and using the outcomes of the Noosa Demographic Profile. An implementation plan has been developed and funding provided in the 2016/17 budget for the first phase of implementation. This Strategy has four long term development goals: o A cohesive and resilient community o An active and healthy community o An accessible, diverse and affordable community o A creative and informed community Council adopted the Noosa Local Economic Plan. More details on this can be found under priority 7. Council adopted a set of Sustainability Principles that guide the development of numerous strategies. All Council strategies will now incorporate a focus on long term sustainability. Council adopted a Waste Reduction and Recycling Plan following community consultation. Council adopted a Koala Conservation Plan following community consultation and an implementation plan has also been developed following community consultation. Council adopted an Environment Levy Policy to provide guidance on the management and expenditure of Environment Levy funds. Council adopted a Business Continuity Policy to ensure Council’s services are maintained throughout any disruption and a Fraud and Corruption Policy to protect Council’s assets, interests and reputation. Corporate Plan Priority 6 – Custodianship of Noosa’s environment Noosa has a long and proud environmental record. Our Council will continue to apply best practice to its custodianship of Noosa’s natural environment aiming to enhance local biodiversity for the benefit of future generations. Key achievements include: Council is developing a series of bushland reserve plans and the first of these, at Tewantin, is well underway with significant community consultation. More funds are set aside in the 2016/17 budget to develop more bushland reserve plans. Council’s Environment Levy Working Group continues to identify potential land purchases under the Environment Levy. Following its recommendation, Council made a major Environment Levy purchase in 2015 through the acquisition of an environmentally significant parcel of land with Noosa River frontage at Cooroibah a cost of $2.7M. Council commenced its second Green Army project with a focus on weed removal in bushland reserve areas. Council is working with the Noosa Biosphere Reserve Foundation, the Thomas Foundation and University of the Sunshine Coast on a project in the Noosa River and is assisting with obtaining the necessary State approvals so that an Oyster restoration project can proceed. Noosa Council Annual Report 2015/16 Page 9
Section 12
Council has provided funds for the Noosa Biosphere Reserve Foundation to facilitate a series
of projects including work on Koala mapping, Oyster restoration in the Noosa River and long
term reduction of sediment in the Kin Kin Creek catchment. This funding has been enhanced
through the Noosa Biosphere Reserve Foundation model which has seen a “multiplier effect”
with additional funding and University research support being attracted to these projects.
The future management arrangements for the Noosa River are being advanced following the
outcomes of the second Community Jury. Council has also developed a new Noosa
Hydrodynamic Model for the lower Noosa River. Council undertook work on a number of
erosion projects including Weyba Creek and Munna Point. The Noosa River continued to
maintain the highest rating (A-) throughout SEQ waterways.
We began to trial electric equipment in our day to day operations such as an electric quad bike
at the Botanical Gardens as well as electric brush cutters and chainsaws.
Council has adopted an Emission Reduction Policy and is working with Beyond Zero Emissions
on measuring our Carbon output as a first step in that process.
Council has been undertaking a program to audit bio-retention basins – both Council owned
and privately owned. The audit of Council owned bio-retention basins has been the first priority
and is substantially complete.
The flying fox colony at Wallace Park was monitored with the number of flying foxes fluctuating
substantially at different times during the year. Council adopted a management plan and while
some actions were undertaken during the year, the flying foxes have come and gone from that
site as part of their natural cycle.
The new cell 2.2 at the Eumundi Road Resource Recovery Centre has been commissioned
and began accepting waste on 26 February 2016.
The Waste Management Contract 2017-2024 tender documentation has been prepared with
tenders advertised on 1 July 2016.
A significant amount of work has been undertaken to establish the Electric Bus trial. The trial
was delayed due to supplier issues and will commence in 2016 / 2017.
Corporate Plan Priority 7 – Diversification of our economy
While recognising our world class tourism industry, the Council will also focus on diversifying the
economy with an emphasis on “smart economy” businesses and rural futures.
Key achievements include:
Council adopted the Noosa Local Economic Plan following extensive consultation via a
Community Focus Group. A report by AEC analysing the Noosa Economic Profile has also
been published.
During 2015/16, Council continued to have a very close working relationship with Tourism
Noosa. We jointly developed the Noosa Sporting Facilities Guide which is designed to attract
events and sporting groups to Noosa. This was launched in March 2016.
Council adopted a Masterplan for the Rufous Street site at Peregian Beach following an
extensive community consultation process including a design charette. The development has
been approved and preparation is underway for a funding application to the Commonwealth
and State governments.
The Council developed RV Park at Cooroy opened, including a waste dump facility, and
appropriate management arrangements were put in place. The RV Park will encourage more
visitors to visit and stay in Cooroy.
During 2015/16, support was provided to encourage the ongoing development of the ICT
sector in Noosa. Council was a partner in an innovation networking event and a sponsor of the
GovHack event. We also provided data sets to the GovHack event.
Noosa Council Annual Report 2015/16 Page 10
Section 13
A #NoosaConnects networking event was held by Council in conjunction with CCIQ at The J in
March 2016. This business networking evening was attended by over 200 people to connect
with industry and government funding and other support bodies. It was very well received by
the Noosa business community.
During 2015/16, Council approved 98% of development applications with the number of
applications showing a steady increase in activity. We met statutory assessment timeframes
for most types of applications except for MCUs. The complexity and issues involved in MCU
applications meant that statutory timeframes were met between 60% and 80% of the time.
Building and Plumbing approval timeframes remained significantly better than statutory
requirements. There has been a significant improvement in building approval times in the last
two years.
Other Activities
Of course, not everything that Council has done in the last 12 months falls neatly into the seven
key priorities outlined above. In no particular order, some other key issues during 2015/16
included:
Local Government Election - March 2016
Although managed by the Electoral Commission of Queensland, the March 2016 Council
election was a milestone event seeing the conclusion of our first term following de-
amalgamation and the commencement of our second term. The retirement of Mayor Noel
Playford and Deputy Mayor Bob Abbot saw the departure of over 50 years of local government
experience. Cr Tony Wellington was elected as Mayor and there were also three new
Councillors elected. As such, an extensive and intense induction program was developed to
smooth the transition process from April to June 2016. That has been successfully achieved.
Audit and Risk Committee
Our Audit and Risk Committee continues to work quietly on ensuring that good governance
practices are in place. Although not high profile, this Committee plays an important role in
making sure that Council “dots the i’s and crosses the t’s” both in governance and in the
management of risk. Council received an unqualified audit from the Queensland Audit Office
(QAO) for its financial statements and during the external audit process no issues of concern
were raised by the QAO. Council’s Internal Audit Program included internal audits on Cash
Handling and the Waste Charges system.
Establishment of Enterprise Risk Management
We are significantly more advanced over the last 12 months in embedding risk management
practices into Council operations. An Enterprise Risk Management Policy and Framework has
been adopted by Council and risk registers established. The Leadership Team reviews
strategic risks on a quarterly basis and operational risk registers have been established at a
Departmental level. A comprehensive Business Continuity Plan is all but complete and will be
tested in 2016/17.
Disaster Management
Our Noosa Disaster Management and Disaster Recovery Plans have been adopted by Council.
Specific Disaster Management Plans were also developed for the Pomona and Daintree Estate
areas. In 2015/16, we undertook a major training exercise for a wild fire event. Luckily,
throughout the year, we were spared any major flooding events unlike some other SEQ
Councils. We have undertaken significant training for our staff to ensure that we are ready for
disaster events and the level of volunteering for this role by staff remains high.
Noosa North Shore
Council is well advanced with planning for a refurbishment of the Noosa North Shore
Wilderness Camp. At the same time, negotiations are continuing with DNRM to sort out
historical tenure issues on the Noosa North Shore and these negotiations are progressing well.
Noosa Council Annual Report 2015/16 Page 11
Section 14
Reportable Disclosures
Information relating to Councillors
Remuneration
Councillor remuneration is set by the independent Local Government Remuneration and Discipline
Tribunal established under the Local Government Act 2009 (LG Act). The Tribunal determines
remuneration for Mayors, Deputy Mayors and Councillors and releases a report in December each
year which establishes single remuneration levels for the following year.
The Local Government Remuneration and Discipline Tribunal Report 2014 listed Noosa Council as
a Category 4 Council, and prescribed that the annual rate of remuneration for the Mayor and
Councillors for the period 1 July 2015 to 30 June 2016 (the period) as follows:
Mayor - $120,226
Deputy Mayor - $75,141
Councillors - $63,870
In accordance with s244 (3) of the Local Government Regulation 2012 (LG Regulation), the
remuneration prescribed by the Tribunal cannot include:
any amount for expenses to be paid or facilities to be provided to a Councillor of a local
government under its expenses reimbursement policy, or
any contribution a local government makes for a Councillor to a voluntary superannuation
scheme for Councillors established or taken part in by the local government under s226 of the
LG Act.
The LG Act does however allow a local government to take part in a superannuation scheme for its
Councillors and Council on 20 January 2014 authorised the payment of superannuation
contributions for Councillors of up to 12% of their annual salary on the condition that Councillors:
contribute an amount of up to 6% from their salaries and Council contributes a proportionate
amount of up to 12% to a nominated superannuation fund;
make contributions through an arrangement by way of a formal request to Council, and
nominate the preferred superannuation fund, and where no nomination has occurred, the
superannuation payments be made to LG Super.
An overview of the remuneration paid to Councillors for the period is provided in Table 1 on the
following page.
Noosa Council Annual Report 2015/16 Page 12
Section 15
Table 1 – Councillor Remuneration
Councillor remuneration for period 1 July 2015 to 30 June 2016
Councillor Salary ($) Superannuation* ($) Total ($)
Mayor Noel Playford 90,632 10,876 101,508
Cr Bob Abbot (Deputy) 56,934 6,832 63,766
Cr Tony Wellington 77,522 9,303 86,825
(Mayor from 05.04.2016)
Cr Frank Wilkie 66,598 7,992 74,589
(Deputy from 05.04.2016)
Cr Joseph Jurisevic 63,865 7,664 71,529
Cr Frank Pardon 63,665 7,664 71,529
Cr Sandy Bolton 45,390 5,806 54,197
Cr Jess Glasgow 15,475 1,857 17,332
Cr Ingrid Jackson 15,475 1,857 17,332
Cr Brian Stockwell 15,475 1,470 16,945
Notes:
1. Amounts rounded to the nearest whole dollar value.
2. * Superannuation shown is Council’s 12% employer contribution (as outlined on the previous page), with
the exception of Councillor Stockwell who elected the national standard 9.5% contribution.
3. In respect of the re-arrangement of Councillors as a result of the election, relevant dates are:
a. Councillors Abbot and Bolton ceased duty on 31.03.2016
b. Mayor Noel Playford ceased duty on 30.03.2016
c. Returning Councillors Jurisevic, Pardon and Mayor Wellington ceased duty on 31.03.2016 and
recommenced on 05.04.2016
d. Councillors Jackson, Glasgow and Stockwell commenced duty on 05.04.2016
Noosa Council Annual Report 2015/16 Page 13
Section 16
Reportable Council resolutions for the period
Table 2 below outlines the reportable resolutions under the LG Regulation for the period.
Table 2 – Reportable Resolutions
Local Government Regulation 2012 Resolution adopted
Section 250(1) Nil.
Section 250(2) 5 April 2016 (Post Election Meeting)
Adopt the updated Councillors’ Expenses and Reimbursement
Policy.
Section 206(2) 29 June 2016 (Special Budget Meeting)
Adopt the Non-Current Asset Accounting Policy.
(The Policy included recognition thresholds for Non-Current
Assets. These thresholds are disclosed by way of note in the
General Purpose Financial Statements)
Councillors’ expenses and resources provided
The Councillors’ Expenses Reimbursement Policy ensures Councillors are provided a reasonable
level of resources and equipment in order to carry out their duties in an effective and efficient
manner. Minor amendments to the Policy were made at the Post Election Meeting of 5 April 2016.
The Policy is compliant with the following principles prescribed by the LG Act:
transparent and effective processes and decision-making in the public interest,
good governance of, and by, the local government; and
ethical and legal behaviour of Councillors and local government employees.
The categories of expenses and eligibility for reimbursement as per the Policy for the Period
include:
mandatory professional development
discretionary professional development
travel as required to represent Council
meals when travelling for Council business
accommodation
private vehicle usage
hospitality
administration tools and access to Council office amenities
safety equipment
Council vehicle usage
home office and telecommunication needs
insurance cover1.
1
Councillors are covered under relevant Council insurance policies while on Council business. Cover includes
public liability, professional indemnity, Councillors’ liability, personal accident and overseas travel.
Noosa Council Annual Report 2015/16 Page 14
Section 17
Summary of expenses/reimbursements paid to Councillors for the period
The reimbursements that were made to Councillors for the period were for discretionary
professional development, vehicle use, home office and telecommunication, and travel expenses
incurred whilst on Council business.
For the period:
All claimed expenses were processed and fell within the required limits prescribed by the
Policy.
No Councillors claimed expenses relating to categories of mandatory professional
development, hospitality, meals or accommodation expenses.
A summary of expenses/reimbursements to Councillors for the period is outlined in tables 3 and 4
below.
Table 3 – Councillor Expenses 2015/16 (up to 31 March 2016)
Councillor Discretionary Use of Home office & Travel TOTAL
Professional private tele- Expenses as ($)
Development vehicle communication required to
represent
($) (option 1) ($)
Council
($)
Mayor Noel Playford 0 0 2160 0 2160
Cr Bob Abbot 0 3593 2160 0 5753
Cr Joseph Jurisevic 717 3593 2160 0 6470
Cr Frank Pardon 19 3593 2160 0 5772
Cr Tony Wellington 36 3593 2160 64 5789
Cr Frank Wilkie 19 3593 2160 0 5772
Cr Sandy Bolton 99 3593 2160 0 5852
Table 4 – Councillor Expenses 2015/16 (from April 2016)
Councillor Discretionary Use of Home office & Travel TOTAL ($)
Professional private tele- Expenses as
Development vehicle communication required to
represent
($) (option 1) ($)
Council
($)
Mayor Tony 0 1250 720 0 1970
Wellington
Cr Jess Glasgow 0 1250 720 0 1970
Cr Ingrid Jackson 0 1250 720 0 1970
Cr Joe Jurisevic 268 1250 720 0 2238
Cr Frank Pardon 0 1250 720 0 1970
Cr Brian Stockwell 0 1250 720 0 1970
Cr Frank Wilkie 0 1250 720 0 1970
Note: Amounts rounded to the nearest whole dollar.
Noosa Council Annual Report 2015/16 Page 15
Section 18
Councillor meeting attendance
The attendance of Councillors at Ordinary meetings, Special meetings and Committees for the
period is outlined in tables 5 and 6 below.
Table 5 – Previous Council Meeting Attendance 2015/16
Councillor Ordinary General Planning & Infrastructure & Audit & Risk Total
meeting Committee Organisation Services Committee
Committee Committee
Mayor Noel Playford 9 8 6 5 1 29
Cr Bob Abbot 8 8 N/A 8 N/A 24
Cr Sandy Bolton 9 9 N/A 8 N/A 26
Cr Joe Jurisevic 9 9 8 N/A N/A 26
Cr Frank Pardon 8 8 N/A 8 N/A 24
Cr Tony Wellington 8 9 8 N/A 3 28
Cr Frank Wilkie 9 9 8 N/A 2 28
Table 6 – New Council Meeting Attendance 2015/16
Councillor Post- Ordinary General Planning & Services & Special & Audit & Risk Total
election meeting Committee Environment Organisation Budgetary Committee
meeting Committee Committee
Mayor Tony Wellington 1 3 3 3 3 2 0 15
Cr Jess Glasgow 1 3 3 N/A 3 2 N/A 12
Cr Ingrid Jackson 1 3 3 3 N/A 2 1 13
Cr Joe Jurisevic 1 3 3 3 N/A 2 N/A 12
Cr Frank Pardon 1 3 3 N/A 3 2 N/A 12
Cr Brian Stockwell 1 3 3 3 N/A 2 N/A 12
Cr Frank Wilkie 1 3 2 N/A 3 2 N/A 11
Note: N/A in the table above indicates that the relevant Councillor is not a representative of the particular
committee.
Noosa Council Annual Report 2015/16 Page 16
Section 19
Complaints about Councillors
Sections 176 to 182 (inclusive) of the LG Act prescribe the requirements for local governments for
dealing with complaints about the conduct and performance of Councillors so as to ensure that:
appropriate standards of conduct and performance are maintained, and
a Councillor who engages in misconduct or inappropriate conduct is disciplined.
The Councillor Code of Conduct Policy endorsed by Council on 13 January 2014 remained
unchanged for the period. The Policy establishes:
the responsibilities of Councillors under the LG Act;
the standards of behaviour and ethical obligations expected Councillors in Noosa Shire; and
a clear administrative method for handling and resolving complaints made about the conduct
and performance of Councillors in accordance with Division 6 of the LG Act.
The table 7 below identifies the reportable complaints, orders and recommendations against
Councillors for the period.
Table 7 – Complaints Against Councillors
Reportable information relating to complaints against Councillors: Number of
complaints:
(for the period)
(i) The number of orders and recommendations made under s180 (2) or (4) of the LG Nil
Act.
(ii) The number of orders made under s181 of the LG Act. Nil
(iii) The number of complaints made about the conduct or performance of a Councillor Nil
for which no further action was taken under s 176C(2) of the LG Act.
(iv) The number of complaints referred by the Council CEO to the department’s chief Nil
executive under s176C (3)(a)(i) of the LG Act.
(v) The number of complaints referred to the Mayor under s176C (3)(a)(ii) or (b)(i) of Nil
the LG Act.
(vi) The number of complaints referred to the department’s chief executive under s Nil
176C (4)(a) of the LG Act.
(vii) The number of complaints assessed by the Council CEO as being about corrupt Nil
conduct under the Crime and Corruption Act.
(viii) The number of complaints heard by a regional conduct review panel. Nil
(ix) The number of complaints heard by the tribunal. Nil
(x) The number of complaints to which s176C (6) of the LG Act applied. Nil
Noosa Council Annual Report 2015/16 Page 17
Section 20
Overseas travel
Official Travel undertaken during the period is outlined in the table below.
Table 8 – Official Overseas Travel
Position Date of Destination Purpose of travel Cost to
Travel Council
Director of 2 – 11 New Zealand Attendance at SOLGM Conference (New Nil.
Planning and November Zealand Society of Local Government
Infrastructure, 2015 Managers) as part of Local Government
Martin Managers Australia (LGMA) Management
Drydale Exchange Program
Chief 3-5 New Zealand Invited to present to SOLGM Conference Nil.
Executive February (New Zealand Society of Local Government
Officer, Brett 2016 Managers) (cost covered by SOLGM NZ –
de Chastel South Island)
Councillor, 12-15 June New Zealand Represent Noosa Council as a delegate for Nil.
Frank Wilkie 2016 the Tourism and Events Queensland/Visit
Sunshine Coast Regional Tourism
Delegation. The purpose of the trip was to
undertake marketing and experience
development activities to help industry
achieve growth in visitor numbers and
expenditure for the Sunshine Coast region by
learning from Tourism New Zealand’s world
renowned successful tourism campaign
‘100% Pure New Zealand’.
Executive remuneration
Under the LG Act, the annual report of a local government must state the total remuneration
packages that were payable during the reporting period to its senior management, and the number
of employees in senior management who are being paid each of the total remuneration packages.
The senior management of a local government consists of the chief executive officer and all senior
executive employees of the local government. A senior executive employee is an employee who
reports directly to the chief executive officer and whose position would ordinarily be considered to
be a senior position in the corporate structure.
The total of remuneration packages payable to senior management during the period was
$1,046,015. The annual package bands for Council’s senior management team are outlined in
table 9 below.
Table 9 – Executive Remuneration
Package Band Number of senior
management employees
$100,000 - $200,000 3
$200,001 - $300,000 2
Noosa Council Annual Report 2015/16 Page 18
Section 21
Commitment to equal opportunity employment Council is an equal opportunity employer, which is committed to providing equal employment opportunities for its current and prospective employees. Council’s employment practices are aligned to Queensland’s Anti-Discrimination Act 1991 and relevant federal anti-discrimination laws. Council recognises the importance workforce diversity and promotes a working environment where people are treated on their merits at every stage of their employment. At Noosa Council, all staff are encouraged to embrace equity and diversity at all levels within the organisation. The Noosa Council Employee Code of Conduct reinforces the standards of behaviours required of employees including non-discriminatory workplace practices. Council will continue to strive to build a workforce and supporting organisational culture that reflects the diversity of the greater community and is free of all forms of discrimination and harassment. Administrative action complaints Council is committed to managing customer feedback and ensuring all complaints are dealt with in a fair, prompt and confidential manner. Council aspires to provide a level of service that does not attract complaints. However, Council acknowledges the public’s right to provide feedback on services, including the right to lodge a complaint about a decision or other action Council has taken, or failed to take, where considered appropriate to do so. Council’s Administrative Action Complaints Policy has been developed to ensure: complaints are handled in a structured, timely and professional manner which is fair, considerate and respectful of privacy; all staff members are aware of their responsibilities regarding the complaints; and complaints are used to identify problems and to continuously improve the Council’s services. A copy of the Council’s current Administrative Action Complaint Process Policy can be viewed on Council’s website. Table 10 below provides a summary of Administrative Action Complaints for the period. Council reviews each complaint it receives objectively and aims to ensure that any improvement opportunities identified by a particular complaint are implemented into operations. Table 10 – Administrative Action Complaints Complaint statistics 30 June 2015 to 30 June 2016 Complaints Complaints Complaints resolved during the Complaints outstanding at outstanding as at received during the period 30/06/16 30/06/15 period 2 19 21 Nil. Note: The above statistics relate to formal administrative action complaints, which can be distinguished from ‘a request for service’ by members of the public. An administrative action may include a decision, or a failure to make a decision, a failure to provide a written statement of reasons for a decision, an act, a failure to do an act, the formulation of a proposal or intention, or the making of a recommendation. Noosa Council Annual Report 2015/16 Page 19
Section 22
Council registers
Council is required under the LG Regulation to develop and maintain certain registers. A number of
these registers are available for public inspection at Council’s Tewantin Office or can be viewed on
Council’s website.
Below is a list of the registers kept by Council:
Asset Register
Delegations Register
Complaints Register
Claims Register
General Cost Fees and Commercial Charges
Engineering and Environment Fees and Charges
Planning and Development Fees and Charges
Building and Plumbing Fees and Charges
Other Development Fees and Charges
Local Laws Register
Roads Register
Instrument of Appointments
Noosa Council Policy Register, and
Registers of Interests.
Community grants 2015/16
Council’s Community Grants the relevant period were managed in accordance with Council’s
Community Grants Policy as endorsed by Council on 15 January 2015.
The outcomes of the Policy include:
providing community organisations and individuals (including under the Regional Arts
Development Fund) with financial support to meet identified community needs;
building community skills and resilience;
developing and maintaining sustainable community infrastructure; and
providing opportunities for community organisations to leverage Council’s financial assistance
to obtain funding from other sources.
Table 11 outlines the funds supplied by Council through community grants for the period.
Noosa Council Annual Report 2015/16 Page 20
Section 23
Table 11 – Community Grants 2015/16
Community Grant Recipients Type Funding
Amounts ($)
Regional Arts Development Fund
Visual ArtX3 - Sculptures from recycled materials Visual Arts 5,633
Cooroy Future Group - create and exhibit Skateboard art Visual Arts 3,315
Cooroy Butter Factory
Apollonian Social Club Inc. - Floating Land Gallery - Boreen Visual Arts 7,500
Point
R Bahloo - Indij by Design Crafts 5,200
Textile Art Group - workshops Crafts 1,195
Paper & Book Artists - workshops Crafts 1,500
Toni Wills - Farmhouse Theatre Theatre 1,600
Noosa Arts Theatre - "Still" Theatre 4,800
Jally Productions Inc. - Kookoo Kookaburra Theatre 5,354
Noosa Creative - Activate Laneways Noosa Creative Music 9,270
Pomona Arts Ince - Mentoring young local musical talent at Music 7,080
The Majestic Theatre
Endeavour - Good Vibration Workshops 3,536
Edgeware Creative Entrepreneurship - Business workshop for Workshops 700
local creatives
Green Web Marketing - Marketing workshop for local creatives Workshops 500
Sub-total: 57,183
Community Alliance Agreement
Pomona Arts Inc. Arts and Culture 7,500
Sub-total: 7,500
Annual Operating Expenses Grants
Noosa District Concert Band Inc. Arts and Culture 1,000
Noosa Heads Jazz Club Inc. Arts and Culture 1,000
Cooroy Community Gardens Inc. Environment 1,000
Noosa & District Landcare Group Inc. Environment 15,000
Noosa Integrated Catchment Assoc. Inc. Environment 15,000
Noosa Community Biosphere Assoc. Inc. Environment 10,000
CareFlight Group (now LifeFlight) Emergency Services 10,000
CoastGuard Noosa (Australian Volunteer) Emergency Services 10,000
The Noosa Long Weekend Inc. Economic Development 6,500
The Salvation Army Community Development 10,000
Noosa Show Society (Noosa AH & I Society) Community Development 10,000
Cooroy Noosa Genealogical & Historical Group Inc. Community Development 3,000
Sunshine Coast Camphor Laurel Time Initiative Inc. Community Development 1,000
Pomona & District Meals on Wheels Inc. Community Development 1,000
For Our Daily Bread Inc. Community Development 1,000
Cooroora Woodworkers Club Inc. Community Development 1,000
Pomona Men's Shed (auspiced by Pomona Community House Community Development 1,000
Inc)
Noosa Museum (Cooroora Historical Society) Inc. Community Development 2,267
Pomona Arts Inc. Community Development 6,500
Noosa Arts Theatre Inc. Community Development 6,500
Sunshine Butterflies Inc. Community Development 6,500
Noosa District Community FM Radio Assoc. Inc. Community Development 6,500
University of Third Age Inc. Community Development 5,000
Cooroy Gymnastics Club Inc. Sport and Recreation 5,000
Noosa Gymnastics Club Inc. Sport and Recreation 5,000
Noosa District Netball Assoc. Inc. Sport and Recreation 5,000
Noosa Council Annual Report 2015/16 Page 21
Section 24
Community Grant Recipients Type Funding
Amounts ($)
Cooroy Tennis Club Inc. Sport and Recreation 3,000
Noosa Outrigger Canoe Club Inc. Sport and Recreation 3,000
Tewantin Tennis Club Inc. Sport and Recreation 3,000
Lake Cootharaba Sailing Club Inc. Sport and Recreation 3,000
Noosa District Sports Complex (auspiced by Netball Inc.) Sport and Recreation 3,000
Peregian Tennis Club Inc. Sport and Recreation 2,267
Noosa Croquet Club Inc. Sport and Recreation 1,000
Tewantin Noosa Pony Club Inc. Sport and Recreation 1,000
Cooroy Horse and Pony Club Inc. Sport and Recreation 1,000
Combined Coastal Car Club Inc. Sport and Recreation 1,000
Pomona & District Horse & Pony Club Inc. Sport and Recreation 1,000
Water Rebates - paid directly to eligible Not-for-Profit
Organisations
Noosa District Junior Rugby League Football Club Inc. 10,096
Noosa Australian Football Club Inc. 768
Cooroy Family Support Centre Inc. 768
Subtotal: 179,665
Water Rebates - paid to UnityWater
Paid on behalf of 190 eligible Not-for-Profit Organisations 16,945
Community Halls & Centres Management & Maintenance
Ridgewood Community Hall Assoc. Inc. 4,217
Kin Kin Community Hall (Kin Kin Community Group Inc.) 5,868
Tinbeerwah Hall Inc. 2,991
Peregian Beach Community House Inc. 8,980
Federal Memorial Hall & Community Centre Inc. 4,839
Pomona & District Community House Inc. 16,800
Cooran Hall Memorial School of Arts Inc. 7,073
Pomona Memorial School of Arts Inc. 12,017
Sub-total: 62,785
Community Project Grant
Sunshine Coast Camphor Laurel Timber Initiative Inc. Event 5,762
Noosa & District Landcare Group Inc. - Series of workshops Event 2,370
Noosa District Softball Assoc. Inc. - U15 Boys State Event 1,800
Championships 2015
The Noosa Long Weekend - Opera Australia - The Magic Flute Event 5,025
East Coast Originals - Originals Events Cooroy & Peregian Event 3,000
Beach
Mary River Catchment Coordination Assoc. Inc. - Festival of Event 8,000
Water
United Synergies - Booin Gari Festival Event 5,000
Cooroy & Pomona Lions Club Inc. - Pomona King Of The Event 10,000
Mountain Festival
Cooroora Woodworkers Inc. - Woodworkers Annual Show Event 2,000
Cooroy Lower Mill Board Inc. - Cooroy Fusion Festival 2016 Event 5,000
Noosa Jazz Club inc. - Free public jazz concert at Lions Event 2,000
Riverstage, Noosaville
Noosa Open Studios Inc. - Noosa Open Studios Event Event 7,500
One Billion Women Rising Inc. - One Billion Women Rising Event 200
event
Noosa Council Annual Report 2015/16 Page 22
Section 25
Community Grant Recipients Type Funding
Amounts ($)
SevGEN Indigenous Corporation - SevGen Football Carnival Event 5,000
4-5 Feb 17
The Noosa Long weekend - Carnivale 2016 Event 4,000
Noosa Strade Bianchi Inc - Strada Bianche 2016 Event Event 3,420
CareFlight Rescue - "Live & Breathe" Safety equipment in Program 1,579
helicopter
Noosa District Community Radio - Recording Studio Program 6,750
equipment upgrade
Pomona & District Community House - Young at 'Art program Program 2,200
Noosa Christian Outreach Church - Hydration Station Program 7,500
Wildcare Australia Inc. - Wildcare Mobile Aviary Program 4,778
Flying Fox Rescue & Release Noosa Inc. Program 13,000
Peregian Beach Community House Inc. - Community Family Program 1,180
Initiative
Noosa Integrated Catchment Assoc. - Project Grant Fishing Program 10,800
Line Recovery
Noosa Integrated Catchment Assoc. - Project Grant Seagrass Program 5,300
Monitoring
Noosa Integrated Catchment Assoc. - Project Grant River Program 3,650
Education
Ozharvest Ltd (REAP) - Mobile Cold Storage - redistribute Program 10,450
food waste
Marcus Beach Bushcare Assoc. Inc - Establishing Program 2,126
Interpretative Walks at Peregian Creek and Marcus Beach
Pomona & District Community House - replacement of floor Infrastructure 2,400
coverings
Pomona Men’s Shed - extend concrete slab Infrastructure 5,440
Noosa Community Garden - relocation to accommodate Tait Infrastructure 4,590
Duke Cottage
Noosa Australia Football Club Inc. - Irrigation Project Infrastructure 7,023
Cooroy Noosa Genealogical & Historical Research Group Inc. Infrastructure 20,000
- contribution to new Heritage Centre in Cooroy
Noosa Shire Arts & Crafts Assoc. Inc. - Bathroom & foyer Infrastructure 2,935
repairs & renovation
Pomona Mens Shed - Extension to kitchen Infrastructure 8,991
Noosa Outrigger Canoe Club Inc. - Equipment Maintenance Infrastructure 3,750
and Repair Project
Noosa Bridge Club Inc. - Amenities Upgrade to meet Disability Infrastructure 9,050
requirements
Peregian Tennis Inc. - Replacement of Retaining wall and Infrastructure 3,150
attached spectator/player seating
Noosa Men’s Shed Inc. - The First Stage Development of a Infrastructure 20,000
Multifunction area
Tewantin Noosa Pony Club Inc - Clubhouse Upgrade Infrastructure 5,000
University of the Third Age Inc. - Operation WC Infrastructure 2,670
Pomona Men’s Shed - Fitout Infrastructure 6,172
Pomona & Cooran Amateur Rugby League Football Club Inc. - Infrastructure 19,632
sports field lighting upgrade
Grant repayment - Noosa District Softball Assoc. Inc.(unused -303
amount)
Sub-total: 259,890
Sports Field Maintenance Grants
Tewantin Noosa Cricket Club Inc. 20,925
Noosa Lions Football Club Inc. 19,530
Noosa Australian Football Club Inc. 16,740
Noosa District Junior Rugby League Club Inc. 13,950
Noosa District Rugby Union Club Inc. 13,950
Noosa Council Annual Report 2015/16 Page 23
Section 26
Community Grant Recipients Type Funding
Amounts ($)
Noosa District Softball Association Inc. 13,950
Pomona & Cooran Amateur Rugby League Football Club Inc. 12,682
Noosa District Rugby League Club Inc. 11,160
Noosa Touch Assoc. Inc. 11,160
Cooroora United Football Club Inc. 8,370
Cooroy Eumundi Cricket Club Inc. 8,370
Pomona & Cooroy & District AFC Inc. 8,370
Sub-total: 159,157
Festive Season Event Grant
Cooroy Chamber of Commerce Inc. - Cooroy Christmas 7,000
Carols
Lake Cootharaba Sailing Club Inc. - Booreen Point New Year’s 2,500
Eve event
Kin Kin Community Group Inc. - Christmas Tree event 2015 1,200
Noosa Christian Outreach Church - Carols on the Noosa 7,500
River, Noosaville
Lions of Peregian Beach Inc. - Peregian Beach Christmas 3,500
Carols
Tewantin Noosa RSL - Carols by Candlelight, Tewantin 3,182
Lions of Cooroy/Pomona Inc. - Pomona Night of Lights 1,500
Noosa Marina Pty Ltd - New Year’s Event at Noosa Harbour 5,000
Lions & Rotary - Australia Day on the Noosa River 10,000
Kin Kin Community Group Inc. - Christmas Tree event 2016 1,500
Sub-total: 42,882
Other
Healthy Waterways Program Contribution 24,000
TOTAL EXPENDITURE FOR THE PERIOD: 810,007
Notes:
1. The Regional Arts Development Fund grants were funded 50/50 between the Queensland Arts Council
and Noosa Council. The above amount is Noosa Council’s contribution.
2. Water Rebates – Not a direct payment from Council to the Community Organisation but a payment by
Council to Unity Water.
Discretionary funds
Section 109 of the LG Act, defines discretionary funds as funds in the local government’s
operating fund that are:
budgeted for community purposes, and
allocated by a Councillor at the Councillor’s discretion.
There were no Councillor discretionary funds established during the period.
Beneficial enterprises
Section 39(3) of the LG Act defines a beneficial enterprise as an enterprise that a local
government considers is directed to benefiting, and can reasonably be expected to benefit, the
whole or part of its local government area.
Noosa Council Annual Report 2015/16 Page 24
Section 27
Section 39(4) of the LG Act provides that a local government is conducting a beneficial enterprise if
the local government is engaging in, or helping, the beneficial enterprise.
The previous 2014/15 period saw the finalisation of a long and carefully considered transition to
reshape the Noosa Biosphere®2 Reserve Management arrangements. This began on 20 January
2014 when Council endorsed the establishment of a working group, consultation with key
stakeholders, workshops, and calling of submissions from the community to review the
arrangements.
As outlined in Council’s previous Annual Report, at the Ordinary Meeting held on 29 May 2014,
Council resolved to wind up Noosa Biosphere Ltd as part of the transition to the new Noosa
Biosphere Reserve management model.
The new Noosa Biosphere Reserve management model included the establishment of the Noosa
Biosphere Reserve Trust (NBRT), a public trust approved as a charity with a company limited by
guarantee, and the Noosa Biosphere Reserve Foundation Ltd (NBRF), as the Trustee. Under the
new arrangements Council does not hold a controlling interest in NBRF or NBRT.
As part of the new arrangements Council indicated that it would provide funding for operational
costs together with funding to allow delivery of significant projects that meet the principal objects of
the trust, which include:
1. advancing the protection and enhancement of a significant aspect of the natural environment,
being the natural ecosystems and biodiversity of the Noosa Biosphere Reserve, and
2. advancing research, education and information about a significant aspect of the natural
environment, being the Noosa Biosphere Reserve.
In seeking to achieve the abovementioned principal objects of the Trust, the Trust may, without
limitation:
1. foster economic and human development that is environmentally and socially sustainable and
culturally appropriate;
2. develop and implement a management plan for the Noosa Biosphere Reserve that is aligned
with the UNESCO Man and the Biosphere Programme (an Intergovernmental Scientific
Programme that aims to establish a scientific basis for the improvement of relationships
between people and their environments3); and
3. monitor performance of the Noosa Biosphere Reserve and its reporting to UNESCO and the
Noosa Community.
In 2014/15, Council entered into a funding deed with the NBRF until the end of 2017/18.
Business activities
A business activity is defined in Schedule 4 of the LG Act as “the trading in goods and services
by the local government”.
Council conducted the following business activities during the period:
waste management, and
operations of holiday parks including the Boreen Point Campground, Noosa North Shore
Beachfront Caravan Park and Noosa River Holiday Park.
2
Noosa Biosphere” is a registered trademark of Noosa Council
3
United Nations Educational, Scientific and Cultural Organisation – Man and the Biosphere Programme.
Noosa Council Annual Report 2015/16 Page 25
Section 28
Significant business activity
In accordance with threshold of expenditure and the methodology prescribed by ss. 19 and 20 of
the LG Regulation, Council’s waste management activity was considered a significant business
activity for the period.
Council conducted a Public Benefit Assessment during the period recommending the continuation
of full cost pricing business model commencing in the 2017/18 financial year. This was adopted by
Council at the Ordinary Meeting of 10 March 2016.
Competitive neutrality
By resolution at the ordinary meeting held on 11 February 2016, Council adopted to:
apply the Full Cost Pricing reform option to the waste management business activity for the
2015/16 financial year in accordance with s44(1)(b) of the LG Act 2009, and
apply the Code of Competitive Conduct to the holiday parks business activity for the
2015/16 financial year in accordance with s47 of the LG Act 2009.
Council’s is committed to ongoing compliance with National Competition Policy principles and its
legislative obligations in this area. It is committed to ensuring that its business activities operate on
a level playing field with private businesses in the community.
Council ensures that the pricing practices for each business activity complies with the principles of
full cost pricing such that total revenue, inclusive of identified and measured community service
obligations and net of any advantages and disadvantages of public ownership, should aim to cover
the following elements:
operational and resource costs;
administration and overhead costs;
depreciation;
tax and debt equivalents; and
return on capital / return on cost.
During the period, there were no investigation notices provided to Council relating to competitive
neutrality complaints. Accordingly, The Queensland Competition Authority did not make any
reportable recommendations to Council in relation to a competitive neutrality complaint.
Commercial business units
Pursuant to s 27(2) of the LG Regulation, a commercial business unit is a business unit that
conducts business in accordance with the prescribed key principles of commercialisation.
Council did not nominate any business activities as commercial business units during the period.
Services, facilities and activities, for which special rates/charges
levied
Below is a list of Council levies and special charges for the period:
Tourism Levy
Noosa Council Annual Report 2015/16 Page 26
Section 29
Noosa Waters Lock and Weir Maintenance Levy
Noosa Waters Canal Maintenance Levy
Noosa Junction Levy
Hastings Street Precinct Maintenance Levy
Noosa Main Beach Maintenance Levy
Rural Fire Charge
Hastings Street Community Safety Program Charge
Lower Noosa North Shore Electricity Charge
Summary of concessions for rates and charges
General rate concessions
In addition to those classes of land granted a general rate exemption under s93(3) of the LG Act
and s73 of the LG Regulation, Council was able to grant a general rates concession to land
identified in s20(1)(b) of the LG Regulation to the extent that Council was satisfied the land at the
relevant time was owned by an entity whose objects do not include making a profit, or an entity that
provides assistance or encouragement for arts or cultural development and is one of the following:
Boy Scout or Girl Guide Association;
Surf Lifesaving or Coastguard organisation;
community sporting organisation – not-for-profit organisations without a commercial liquor
licence or a community club liquor licence;
community cultural or arts organisation – not-for-profit organisations without a commercial
liquor licence or a community club liquor licence; or
charitable organisation, which is:
(a) a not-for-profit organisation
(b) registered as a charity institution or a public benevolent institution
(c) providing benefits directly to the community
(d) endorsed by the Australian Tax Office - Charity Tax Concession.
The relevant concession for the period for eligible entities was 100% of the general rate.
Deferral of general rates
To assist eligible pensioners who have experienced large increases in the value of their property
as determined by the Department of Natural Resources and Mines, or who have experienced
financial hardship, Council allows deferment of up to 50% of the general rate by way of application.
The deferred rates accumulate as a debt against the property until it is sold or until the death of the
ratepayer.
The deferment of general rates applies only to rates payable with respect to land included in
Differential General Rates Categories 1, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 28 & 30.
To be eligible to defer up to 50% of the general rate the applicant must:
own and occupy the property, and
have no overdue rates and charges on the said property, and
Noosa Council Annual Report 2015/16 Page 27
Section 30
be the holder of a Pension Concession Card issued by Centrelink or the Department of Veteran
Affairs, or
o a Repatriation Health (Gold) Card issued by the Department of Veteran Affairs, or
o a Commonwealth Seniors Health Card, or
o a Queensland Seniors Card issued by the Queensland State Government.
Automatic eligibility applies to those ratepayers currently receiving a Pension Concession on their
rate notice. Eligibility for those ratepayers with a Seniors Card will be assessed accordingly.
Interest charges on deferred rates
In accordance with s122(5) of the LG Regulation, Council is authorised to charge interest, or
request payment of an additional charge, to all deferred general rates for the relevant period.
For the period there was one rate payer who had their general rates deferred for the relevant
period.
Available pensioner concessions for the period
Table 12 below provides a summary of available pensioner concessions for the period.
Table 12 – Pensioner Concessions
Pension Rate Sole title to the property Joint title to the property
Maximum level of pension $230 p.a. maximum $180 p.a. maximum
$115 per half year $90 per half year
Not maximum level of pension $115 p.a. maximum $65 p.a. maximum
$57.50 per half year $32.50 per half year
Single owner on the maximum rate of pension
Where the pensioner was in receipt of the maximum level of pension and had sole title to the
property that is their principal place of residence for the period, the concession was 25% of the
general rate up to a maximum amount of $230.00 per annum.
Joint owner on the maximum rate of pension
Where the pensioner was in receipt of the maximum level of pension and owned the property
jointly with one or more people for the period, the concession was 25% of the general rate up to a
maximum amount of $180.00 per annum.
Single owner not on the maximum rate of pension
Where the pensioner was not in receipt of the maximum level of pension and had sole title to the
property that was their principal place of residence for the period, the concession was 25% of the
general rate up to a maximum amount of $115.00 per annum.
Noosa Council Annual Report 2015/16 Page 28
Section 31
Joint owner not on the maximum rate of pension Where the pensioner was not in receipt of the maximum level of pension and owned the property jointly with one or more people for the period, the concession was 25% of the general rate up to a maximum amount of $65.00 per annum. Invitations to change tenders There were no reportable invitations made by Council to change tenders during the period. Audit and Risk Committee During the period, Council’s Audit and Risk Committee, which consists of two Councillor members and two expert independent external members, held four formal committee meetings and played an active role as an advisory committee to Council through the provision of independent comment, advice and counsel on audit and risk management issues covering a wide range of Council operations and projects. In accordance with Council’s Audit and Risk Committee Charter, a key duty of the Committee is to provide reasonable assurance to Council that its core business goals and objectives are being achieved in an efficient and economical manner, within an appropriate framework of internal control and risk management. The Audit and Risk Committee observed the terms of its Charter for the period and conducted an annual assessment of its performance. Internal Audit Council recognises the relevance of strengthening governance and control systems through the establishment of an efficient and effective internal audit function. Council’s Internal Audit Plan for each financial year is developed having regard to current operational risks. Council’s internal audits are conducted in accordance with Council’s Internal Audit Terms of Reference and Internal Audit Policy, the objectives of which include providing independent, objective assurance and appropriate services designed to add value and improve Council’s operations. Council’s Internal Audit Plan for each period is reviewed and adopted by the Audit and Risk Committee. The Internal Audit activities for the period included a review of the following: Cash handling management and processes at Council and Council facilities; Waste Charges Systems reconciliation; and Council’s ICT Security Systems. The above Audits were completed by specialist external providers. Council has in place a number of systems and processes to ensure that recommendations resulting from its internal audits are appropriately actioned and implemented into day-to-day operations. Noosa Council Annual Report 2015/16 Page 29
Section 32
Community Financial Report – 2015/16
Background
This community financial report aims to simplify the financial information required to be prepared
by Council under legislation and accounting standards, and provides a simple summary of our
financial performance for the financial year just ended.
Council’s financial statements are prepared based on Australian accounting standards, and contain
specific information regarding financial performance for the relevant period. Financial statements
include a statement of comprehensive income (i.e. profit and loss), a statement of financial position
(i.e. balance sheet), a statement of cash flows as well as a statement of changes in equity.
Collectively, the statements provide a formal picture of the financial strength of an organisation.
The Community Financial Report consists of five key reporting elements, each of which has a
specific purpose for the measurement and presentation of our finances. The linkages between the
five key elements are shown below:
Statement of
Comprehensive
Income
Statement of
Statement of Financial
Financial
Cash Flows Ratios
Position
Statement of
Changes in
Equity
Noosa Council Annual Report 2015/16 Page 30
Section 33
Highlights and achievements
Council has achieved a strong financial result after the completion of the 12-month financial
reporting period that ended on 30 June 2016. The following outcomes were achieved last financial
year:
1. An operating surplus of $6.4 million as a result of recurrent revenues received being above
those forecast, good management of our expenditure, as well as some unspent levy funds that
are required to be held for future use.
2. Full review undertaken by the Queensland Audit Office with the financial statements audited
and signed-off with no significant issues identified.
3. Continued strong financial performance across all financial sustainability ratios.
Where was the budget spent?
Council spends significant amounts of ratepayer funds providing a range of services to the Noosa
community. A summary of the cost of the services for our major service areas is contained in the
graph below. Spending on these services (including roads, bridges, parks, community facilities and
waste management) makes up a significant component of Council’s annual budget.
Figure 1 – Operating Cost of Core Council Services 2015/16 ($’000)
$30,000
$25,000
$20,000
$15,000
$10,000
$5,000
$0
Local Laws
Parks and Reserves
Community Engagement
Roads / Bridges / Drainage
Libraries / Galleries
Property / Holiday Parks
Waste / Health
Planning and Environment
Community Facilities
Economic Development
Community Development
Building / Plumbing
Statement of comprehensive income
This statement (also known as the profit and loss) measures how a council performed financially in
relation to funding its operations during the financial year. In simple terms, it illustrates how much
money was received by Council and how much was spent in a particular year.
Figure 2 – Expenses against revenue (Net Result)
2014/15 2015/16
($’000) ($’000)
Revenue 97,031 101,969
Expenses 79,202 84,944
Net Result 17,829 17,025
Noosa Council Annual Report 2015/16 Page 31
Section 34
The 2015/16 net result as reported in the audited financial statements was a surplus of $17.03
million. The net result includes capital revenue received for capital works (including grants and
subsidies and developer contributions), Council’s share of profit made by Unitywater during the
financial year, as well as income and expenses recognised for investment property valuation
changes and asset disposals. The removal of these non-standard operational items shows
Council’s actual operating surplus to be $6.4 million.
Operating revenue – where the money came from
Throughout the financial year Council received a total of $88 million in operating revenues (rates,
fees, operating grants); $7.6 million in capital revenue (developer contributions, capital grants); and
$5.8 million recorded as revenue from our share of profit made by Unitywater during the financial
year. The sources of Council’s operating revenue are shown below.
Figure 3 – Operating revenue sources 2015/16
Grants &
Interest Other
Revenue Revenue
5% 6%
Fees &
Charges
16%
Other Income
4%
Rates &
Utility
Charges
69%
The above breakdown in operating revenue confirms that Council has significant control over the
majority of its income sources, and as a result is not reliant on other levels of government or
external agencies to maintain its financial independence. Key Council revenue sources include:
Rates and utility charges include general rates, charges for waste collection and disposal,
special rates such as the tourism and transport levy, and other separate and special rates.
Fees and charges include a range of regulatory fees and charges and revenue from
commercial operations such as the holiday parks and waste management.
Interest revenue includes the return from the investment of reserve funds.
Revenue from other income includes tax payments from Council’s shareholding in Unitywater.
Noosa Council Annual Report 2015/16 Page 32
Section 35
Operating expenditure – where the money goes
Council expended a total of $85 million in undertaking operating activities during the financial year.
The following graph shows a breakdown by expenditure type for normal recurrent Council
operations.
Figure 4 – Operating expenses by function 2015/16
Depreciation
20%
Employee
Benefits
Finance & 33%
Other Costs
4%
Materials &
Services
43%
Key Council expenditure sources include:
Employee benefits - includes staff wages, superannuation, fees paid to Councillors and other
employment costs.
Depreciation expenditure records the consumption of community infrastructure assets over
their respective useful lives, and provides an indication of the level of required expenditure on
rehabilitation and renewal of existing assets annually.
Materials and services – includes information communication technology, consultancy services,
contractor services, electricity, external hire, rentals, repairs and maintenance, advertising and
donations.
Statement of Financial Position
The Statement of financial position (or balance sheet) measures what Council owns (i.e. its
assets); and what we owe (i.e. liabilities) to determine the total community equity (net worth) at the
end of each financial year. Overall, Council’s investment in community capital continues to grow
strongly.
Figure 5 – Comparative statement of financial position summary
2014/15 2015/16
($’000) ($’000)
Assets 1,067,563 1093,104
Liabilities 60,509 59,956
Community 1,007,054 1,033,148
Equity
Noosa Council Annual Report 2015/16 Page 33
Section 36
The graph below shows Council’s cash and debt holdings as at 30 June 2016 compared to the
previous year. Cash levels have increased marginally despite delivery of the large capital works
program undertaken during 2015/16. Debt levels have decreased as Council continues to minimise
its debt position.
Figure 6 – Cash and Debt Comparison ($’000)
$60,000
$50,000
$40,000
$30,000
$20,000
$10,000
$-
Cash Debt
2014/15 2015/16
Assets – what we own
Current Assets are represented by cash, investments, inventories and receivables (money owed to
Council). Council’s current assets as at 30 June 2016 equated to $61.3 million.
Non-Current assets of over $1 billion, includes property, plant and equipment totalling $907 million,
as well as the value of Council’s investment in Unitywater. Property, Plant and Equipment
represents community infrastructure including roads, bridges, stormwater and buildings, as well as
other operational assets owned and controlled by Council.
The main non-current asset categories and their respective values are shown in the following
figure.
Noosa Council Annual Report 2015/16 Page 34
Section 37
Figure 7 – Non-Current Assets & Community Infrastructure ($’000)
Work in Progress,
$8,879
Other
Infrastructure, Land &
$56,880 Improvements,
Stormwater & $130,109
Drainage
Network, Buildings,
$114,774
Intangible Assets, $59,208
$2,614 Plant &
Equipment,
$8,670
Road & Bridge
Network,
$528,147
Liabilities – What We Owe
Money owed by Council is shown as both current and non-current liabilities in the statement of
financial position. Current liabilities are those amounts that are payable by Council within the next
twelve months, and non-current liabilities are payable beyond the twelve-month horizon. The most
significant element is loans raised by Council to fund the investment in community infrastructure.
Statement of Changes in Equity
The statement of changes in equity illustrates how the net worth has changed as a result of
Council’s operations through the period. Council’s total community equity as at 30 June 2016 is
$1.03 billion. Community equity is equal to total assets (what we own) less total liabilities (what we
owe) and represents Council’s net investment in assets.
Statement of Cash Flows
The statement of cash flows shows where Council has generated cash, and where these funds
have been expended. The detailed schedule in the financial statements is summarised below
(columns above the line represent cash flowing into the organisation, and columns below the line
represent cash payments made).
Noosa Council Annual Report 2015/16 Page 35
Section 38
Figure 8 – 2015/16 Net Cash Flow Sources ($’000)
30,000
25,000
20,000
15,000
10,000
5,000
-
(5,000)
(10,000)
(15,000)
(20,000)
(25,000)
Operating Activities Investing Activities Financing Activities Net Movement in
Cash
Operating activities depicts the net of income received from rates, interest, grants, etc. and
payments made to suppliers and employees (net increase).
Investing activities relate to the acquisition and sale/disposal of long-term assets, generally in
the form of roads, bridges, plant and equipment, etc. A negative outcome here represents a net
investment in community infrastructure during the reporting period.
Financing Activities shows the receipt and repayment of Council borrowings.
Net Movement in Cash represents the physical movement of cash, with any accounting
adjustments and accruals removed. The net movement in cash for the year of $1.7 million
represents the net increase in cash on hand, with all significant outlays fully funded within the
period.
Financial Ratios
Ratios are useful tools for getting a snap-shot of the financial status and trends of an organisation.
Ratios can also be useful in comparing Noosa Council to other Councils to gain an understanding
of relative financial strength. This analysis is undertaken annually by the Queensland Treasury
Corporation (QTC) in assessing the financial sustainability of Council.
A number of sustainability ratios are mandated under the Local Government Regulation 2012,
including target ranges for each measure. Details of these ratios are shown below, including
actual results for the current reporting period, plus projections over the next 9 years.
Figure 9 – Financial ratios (actual and forecast)
Period Ended 30-Jun-16 30-Jun-17 30-Jun-18 30-Jun-19 30-Jun-20 30-Jun-21 30-Jun-22 30-Jun-23 30-Jun-24 30-Jun-25
Sustainability Ratios
Operating Surplus Ratio
Operating Position 5.0% 0.4% 0.5% 1.2% 1.6% 1.8% 1.7% 2.0% 2.2% 2.7%
Local Govt Act upper indicator 10% 10% 10% 10% 10% 10% 10% 10% 10% 10%
Net Financial Liabilities Ratio
Net Financial Liabilities Ratio (1.5)% 12.0% 9.9% 8.8% 5.1% 1.7% (2.1)% (5.8)% (8.9)% (11.5)%
Local Govt Act upper indicator 60% 60% 60% 60% 60% 60% 60% 60% 60% 60%
Asset Sustainability Ratio
Asset Sustainability Ratio 88.4% 111.0% 99.2% 98.4% 98.5% 97.2% 96.5% 97.7% 100.7% 104.5%
Local Govt Act minimum indicator 90% 90% 90% 90% 90% 90% 90% 90% 90% 90%
Notes: Colour Within Moderate Outside
scale range range
Noosa Council Annual Report 2015/16 Page 36
Section 39
Operating Surplus Ratio This ratio measures the operating surplus achieved for the period and represents the operating surplus / (deficit) as a percentage of operating revenue. A surplus will be represented by a positive result. Council’s should be aiming to achieve as a minimum a balanced operating position to ensure that revenues received are sufficient to fund operations and capital replacement works. The 2015/16 operating surplus ratio of 5.0% is a reflection of revenues received being above those forecast along with good management of our expenditure, as well as some unspent levy funds that are required to be held for future use. The forecast also shows Council’s ongoing commitment to strong financial management. Net Financial Liabilities Ratio This ratio represents Council’s net financial liabilities (total liabilities less current assets) expressed as a percentage of total operating revenue. The target range is less than 60%. A negative percentage indicates that current assets exceed total liabilities, and is considered a very strong position. The position of (1.5%) as at 30 June 2016 represents a strong outcome for Council and indicates that we have capacity to service higher levels of debt if needed, though additional debt funding has not been included in forward projections. Asset Sustainability Ratio This ratio is calculated by measuring the annual expenditure on the renewal and rehabilitation of Council’s assets against the annual depreciation charge. It is a measure of whether Council is reinvesting in existing infrastructure assets to hold them in optimal condition. For the 2015/16 year, Council achieved a ratio 88.36%. This is reflective of the successful delivery of a significant capital works program during the year, with strong asset management being sustained over forward projections. Summary Financial performance for the year ended 30 June 2016 reflects an excellent result for Council, and provides a firm foundation for the delivery of sustainable service delivery into the future. Ongoing innovation and a commitment to strong financial management through compliance with our Financial Sustainability policy will support this established foundation. Noosa Council Annual Report 2015/16 Page 37
Section 40
Financial Statements 2015/16 Noosa Council Annual Report 2015/16 Page 38 Financial Statements 2015/16 Noosa Council Annual Report 2015/16 Page 38
Section 41
Noosa Shire Council
FINANCIAL STATEMENTS
for th6 year endad 30 June 20'16
NOOSA COUNCIL
Noosa Shire Council
FINAINCIAL STATEMENTS
for the year ended 30 June 20156
fe) NOOSA COUNCILSection 42
Noosa Shire Council
Financ!al Statements
for the year ended 30 June 2016
Table of Contents Page
1. Primary Financial Statements:
Statement of Comprehensive Income 2
Statement of Financial Position 3
Statement of Changes in Equity 4
Statement of Cash Flows 5
2. Notes to the Financial Statements
1 Summary of Significant Accounting Policies 6
2(a} Council Functions - Component Descriptions 12
2(b) Council Functions- Analysis of Results by Function 13
3 Revenue Analysis 14
4 Grants, Subsidies, Contributions and Donations 15
5 Employee Benefits 16
6 Materials and Services 16
7 Depreciation and Amortisation 17
8 Cash, Cash Equivalents and Investments 17
9 Trade and Other Receivables 18
10 Investment Property 19
11 Property, Plant and Equipment 20
12 Fair Value Measurements 22
13 Intangible Assets 29
14 Trade and Other Payables 29
15 Borrowings 30
16 Provisions 30
17 Asset Revaluation Surplus 31
18 Commitments for Expenditure 32
19 Contingent Liabilities 33
20 Superannuation 33
21 Operating Lease Income 34
22 Equity Investments 35
23 Trust Funds 37
Reconciliation of Net Result for the year to Net Cash
24 37
Inflow (Outflow) from Operating Activities
25 Events Occurring After Balance Sheet Date 38
26 Financial Instruments 38
27 National Competition Policy 43
3. Management Certificate 44
4. Independent Aud itor's Report 45
5. Current Year Financial Sustainability Statement 47
Certificate of Accuracy - Current Year Financial Sustainability Statement 49
Independent Auditor's Report- Current Year Financial Sustainability Statement 50
6. Long Term Financial Sustainability Statement 52
Certificate of Accuracy - Long Term Financial Sustainability Statement 54
page 1
Section 43
Noosa Shire Council
Statement of Comprehensive Income
for the year ended 30 June 2016
---·----~-· ______ _ .__.. __..._. __ _......,_._.___ ------.....
__.......
I
1\iotes 1
---·~ ···~~-- ·-·~
Income
Revenue
Recurrent Revenue
Rates, Levies and Charges 3a 60,665 59,388
Fees and Charges 3~ 5,701 4,943
Rental Income 1,227 1,131
Interest and Investment Revenue 3c 4,908 5,006
Sales Revenue 2d 8,049 7,393
Other Income 2,406 2,106
Grants, Subsidies, Contributions and Donations 4a ...._ ..._?.JOS .. - _____ §,06~
Total Recurrent Revenue 8_
8,J61
- - .. 85,035.
Capital Revenue . . . .. .. ... . ..... ... . . . .J- --- -·· ·<4·--··. ... _. .
Grants, Subsidies, Contributions and Donations <b 7,696 6,279
_.. ..-... --..- .. ..-. ... .............---·--·"'
Total Revenue 9~~ §2?. .. ~1]?J~
Capital Income 319 604
Equity share of profit (loss) in investment in associate through participation
rights 22 5,793 5,113
- ~ --
_.. .. . ... _... ·-.-- .
~ -.
Total Income 101 ,969 ...~?:Q31 ..
Expenses
RecunentExpenses
Employee Benefits 'i 27,822 26,125
Materials and Services "'
v 35,671 33,729
Finance Costs 3,275 2,527
Depreciation and Amortisation ., 1 ~!~7.?. 1 ?.~~0
Total Recurrent Expenses . -~3,7.~1 - -- 78.!..~91 -
Capital Expenses 1,203 901
.. - -·-
Total Expenses 84,944 79,202
Operating Res.ult
. -- 17,025 = J_?!_~~ ~"!'l:'..::.'"'~ ::.
-
Net Result 1?. '9.2.~, _
, . . ·. 1_ 7 !8~9-.
Other Comprehensive Income
Items that will not be reclassified to Net Result
. lfl.CT~l!.~_ej(~.~~r~~~e). i~ . ~ss~t ~ev_al~~i()~ _!:)urph_!s ... 17 19.·183.. J4~~~~.
Total Other Comprehensive Income 1_0 , 18_3 - 14,3~~
·=ratai com.pretieiislve.lncorr1e tor·itie ·period··- ··· --- ·-·
The above statement should be read in conjunction with the accompanying Notes and Significant Accounting Policies. page 2
Section 44
Noosa Shire Council
Statement of Financial Position
as at 30 June 2016
201S 2015
$'000 $'(':00
ASSETS
Current Assets
Cash and Cash Equivalents 52 ,586 50,891
Trade and Other Receivables 8,572 8,527
Inventories 156 104
Total Current Assets . ~~.~~4 5~,!;~_2
Non-Current Assets
Trade and Other Receivables 49,218 49,218
Equity Investments 69,141 65,212
Investment Property 4, 150 3,831
Property, Plant and Equipment 906,667 887,078
1r.!ta.n9!b.l~ -~~s~ts_ _ ____ . ·-·-- ----- ------ -- .. _______ ~!6..1 ~ 2,702
Total Non-Current Assets 1 !~~~- ~~~~ -~!Q~~!Q~~
TOTAL ASSETS 1,093,104
: : + •••• •• · ~.• ": 1.0~~/~~63_
LIABILITIES
Current Liabilities
Trade and Other Payables 7,888 7,736
Borrowings •r 2,932 2,633
Provisions ~ .: 4,329 4,114
Other Liabilities
• ••w'
538 1,083
Total Current Liabilities 15~~~7_ ~-~,s.~
Non-Current Liabilities
Borrowings ~' 35, 186 3~. 748
Provisions 9.9..~3 8,195
Total Non-Current Liabilities 4~,269 44,943
TOTAL LIABILITIES 59,956 60,509
Net Community Assets 1.~~~!.1~~ 1,007,054
COMMUNITY EQUITY
Asset Revaluation Surplus 24,517 14,334
Retained Surplus/(Deficiency) 1,008,631 992,720
Total Community Equity 1,033,148 1,007,054
The above statement should be read in conjunction with the accompanying Notes and Significant Accounting Policies. page 3
Section 45
Noosa Shire Council
Statement of Changes in Equity
for the year ended 30 June 2016
As~ I
Revaluation Retained Total
Surplus Surplus Equity
"f'tc~ $'000 $'000 $'000
_ _ _,_ _ _ _. .:... - - - - - ; , ....
·~..-. ~-__......_.._... ...
-.c:ll!r-;J.''::.!.~
2016
Opening Balance 14,334 992,720 1,007,054
_a. Correctio~.2L ~~~r ~~i9.9 .§.r::o_~- ___ _ ... ·- ____ . _. __ ____ ·---·-- ·--·--· ···-·- u.u~> ------~.1141
Revised Opening Balance (as at 1/7/15) 14,334 991,606 1,005,940
b. Net Operating Surplus for the Year 17,025 17,025
c. Other Comprehensive Income
~" Re~~ua_~E.!]S: f!~~-f!Y.!.~I..~~t.!~,~ -~g~i~. A~s~! R2v~~~~-~rt -~~~ery~ ~7 'I.Q,.~§~.. - - - ... ·---- . !Q11~~
Other Comprehensive income 10,183 10,183
Total Comprehensive Income
Equity Balance as at 30 June 2016 24,517 1,008,631 1,033,148
:":.-.::: =:.:....... ::-:· :~-:-~ ::· :"'--"::"'--·-::..~.!'":--"':"''::-;.·. .".:::'-~!.~-:. .;:~~':"" •=:t...---~:--=-
Asset
Revaluation Retained Total
Surplus Surplus Equity
$'000 ~ ,,, * $'000
. :·.·,·.. ·...
2015
Opening Balance 973,501 973,501
a. Correction of Prior Period Errors
,...,.... .-r -<...,_..,__.. a,...•. ,_ ,, , ,_ __ ,, ·' ' ..__.,., ,. "- -'4' • •·•· - 1 d~ .. 1!~-~
Revised Opening Balance (as at 1/7114) 974,891 974,891
b. Net Operating Surplus for the Year 17,829 17,829
c. Other Comprehensive Income
~~~~!~_!!t_~':'-~.=!:~O.REt'!Y·. E'~I)t _an_d E~~ip..~ss~t ~~v~luatio':l.~~~e~e ~7 ~~. ?..3'! 14.~~4.
Other Comprehensive Income 14,334 14,334
Total Comprehensive Income
Equity Balance as at 30 June 2015
The above statement should be read in conjunction with the accompanying Notes and Significant Accounting Policies. page 4
Section 46
Ql\0
certified statements
~---
Noosa Shire Council
Statement of Cash Flows
for the year ended 30 June 2016
2016 2015
$'000 $"0Q{i
Cash Flows from Operating Activities
Receipts from Customers 79,410 78,632
Payments to Suppliers and Employees (f?8,477) ({3_4,Q99}
10,933 14,533
Receipts:
Investment and Interest Revenue Received 4,908 5,006
Rental Income 1,227
Non Capital Grants and Contributions 5,205 5,083
Income Tax Equivalent Received 1,144 973
Income from Equity Investments 1,864 1,918
Payments:
Interest Expense (955} {28)
Net Cash lnflow/(Outflow) from Operating Activities - ·- ?'!!_~?~ .?,!.:!.~?
Cash Flows from Investing Activities
Receipts:
Proceeds of Sale of Property, Plant and Equipment 452 359
Inter-entity Balance with Sunshine Coast Regional Council (SCRC) 1,022
Grants, Suhsidies, Contributions and Donations 7,696 3.841
Payments:
Payments of Property, Plant and Equipment (28,858) (15,339)
Payments for Intangible Assets (202) (684)
Contributions Paid to Joint Ventures and Associates 1,864
Net Cash lnflow/(Outflow) from Investing Activities (192Q~~)
Cash Flows from Financing Activities
Receipts:
Proceeds from Borrowings 1,360 794
Payments:
Repayment of Borrowings (4,943) (4,857)
Cash Collected under Service Level Agreements (102)
Net Cash lnflow/(Outflow) from Financing Activities (3,583) (4,165)
Net lncrease/(Decrease) in Cash and Cash Equivalents held 1._€)95 12,519
Cash and Cash Equivalents at the beginning of the financial year 50,891 28,893
Cash and Cash Equivalents transferred on De-amalgamation from SCRC 9,479
Cash and Cash Equivalents at the end of the financial year 52,586 50,891
The above statement should be read in conjunction with the accompanying Notes and Significant Accounting Policies. page 5
Section 47
Financial Statements 2016
Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2016
Note 1 Summary of Significant Accounting Policies
(1.a) Basis of preparation (1.c) Date of Authorisation
These general purpose financial statements are for The financial statements were authorised for issue on
the period 1 July 2015 to 30 June 2016 and have the date they were submitted to the Auditor-General
been prepared in compliance with the requirements for final signature. This is the date the management
of the Local Government Act 2009 and the Local certificate is signed.
Government Regulation 2012. Consequently, these
financial statements have been prepared in (1.d) Adoption of New and Revised
accordance with all Australian Accounting Accounting Standards
Standards, Australian Accounting Interpretations and
other authoritative pronouncements issued by the In the current year, Council adopted all of the new and
Australian Accounting Standards Board. revised Standards and Interpretations issued by the
Australian Accounting Standards Board (MSB) that
These financial statements have been prepared are relevant to its operations and effective for the
under the historical cost convention except for the current reporting period. The adoption of the new and
following: revised Standards and Interpretations has not
resulted in any material changes to Council's
• Financial assets and liabilities, certain classes of accounting policies.
property, plant and equipment and investment
property which are measured at fair value; Noosa Shire Council has not applied any Australian
Accounting Standards and Interpretations that have
Council is constituted under the Queensland Local been issued but are not yet effective with the
Government Act 2009 and is domiciled in Australia. exception of MSB 2015-7 Amendments to Australian
Accounting Standards - Fair Value Disclosures of
Council uses the Australian dollar as its functional Not-for-Profit Public Sector Entities. Generally Council
currency and its presentation currency. applies standards and interpretations in accordance
with their respective commencement dates. The
Amounts included in the financial statements have retrospective application of MSB 2015-7 has
been rounded to the nearest $1,000 unless exempted Council from the disclosure of quantitative
otherwise indicated. information and sensitivity analysis for some
valuations categorised within Level 3 of the fair value
Comparative information has been restated where hierarchy.
necessary to be consistent with disclosures in the
current reporting period. At the date of authorisation of the financial report,
AASB 9 Financial Instruments and MSB 2015-6
(1.b) Statement of Compliance Amendments to Australian Accounting Standards -
Extending Related Party Disclosures to Not-for-Profit
These general purpose financial statements comply Public Sector Entities are the only new accounting
with all accounting standards and interpretations standards with a future application date that are
issued by the Australian Accounting Standards expected to have a material impact on Council's
Board (AASB) that are relevant to Council's financial statements.
operations and effective for the current reporting
period. Because the Council is a not-for-profit entity As a result, Council will be required to measure its
and the Australian Accounting Standards include financial assets, including its investment in Unitywater
requirements for not-for-profit entities which are at fair value. There will be no financial impact on the
inconsistent with International Financial Reporting financial statements.
Standards (IFRS), to the extent these
inconsistencies are applied, these financial From 1 July 2016 MSB 124 Related Party
statements do not comply with IFRS. The main Disclosures will apply to Council, which means that
impacts are the offsetting of revaluation and Council will disclose more information about related
impairment gains and losses within a class of parties and transactions with those related parties.
assets, and the timing of the recognition of non-
reciprocal grant revenue.
page 6
Section 48
Financial Statements 2016
Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2016
Note 1. Summary of Significant Accounting Policies (continued)
(1.e) Critical accounting judgements and Non-cash contributions
key sources of estimation uncertainty
Non-cash contributions with a value in excess of the
In the application of Council's accqunting policies. recognition thresholds, are recognised as revenue
management is required to make judgements, and as non-current assets. Non-cash contributions
estimates and assumptions about carrying values of below the thresholds are recorded as revenue and
assets and liabilities that are not readily apparent expenses.
from other sources. The estimates and associated
assumptions are based on historical experience and Physical assets contributed to Council by developers
other factors that are considered to be relevant. in the form of road works, stormwater, infrastructure
Actual results may differ from these estimates. The and park equipment are recognised as revenue when
estimates and ongoing assumptions are reviewed on the development becomes "on maintenance" (i.e. the
an ongoing basis. Revisions to accounting Council obtains control of the assets and becomes
estimates are recognised in the period in which the liable for any ongoing maintenance) and there is
estimate is revised and in future periods as relevant. sufficient data in the form of drawings and plans to
determine the approximate specifications and values
Judgements, estimates and assumptions that have a of such assets. All non-cash contributions are
potential significant effect are outlined in the recognised at the fair value of the contribution
following financial statement notes: received on the date of acquisition
• Investment Property- Note 1.k and Note 10 Cash contributions
• Valuation and depreciation of Property,
Plant & Equipment- Note 1.! and Note 11 Council receives cash contributions from property
o Provisions- Note 1.n and 1.p and Note 16 developers to construct assets such as roads and
• Contingent Liabilities - Note 19. footpaths. Where agreements between Council and
the developers relating to these contributions are
determined to fall within the scope of AASB
(1.f) Revenue
Interpretation 18 Transfers of Assets from Customers,
these contributions are recognised as revenue when
Rates, levies, grants and other revenue are
the related service obligations are fulfilled.
recognised as revenue on receipt of funds or earlier
upon unconditional entitlement to the funds.
Interest and dividends
Rates and levies
Interest received from term deposits is accrued over
the term of the investment. Dividends are recognised
Where rate monies are received prior to the
once they are formally declared by the directors of the
commencement of the rating/levying period, the
associated entities.
amount is recognised as revenue in the period in
which they are received, otherwise rates are
Fees and Charges
recognised at the commencement of rating period.
Fees and charges are recognised upon unconditional
Grants and subsidies
entitlement to the funds. Generally this is upon
lodgement of the relevant applications or documents,
Grants, subsidies and contributions that are non-
issuing of the infringement notice or when the service
reciprocal in nature are recognised as revenue in the
is provided.
year in which Council obtains control over them.
Where grants are received that are reciprocal ir. (1.g) Financial assets and financial
nature, revenue is recognised as the various liabilities
performance obligations are fulfilled under the
funding agreement. Council does not currently have Council recognises a financial asset or a financial
any reciprocal grants. liability in its Statement of Financial Position when,
and only when, Council becomes a party to the
contractual provisions of the instrument.
page 7
Section 49
Financial Statements 2016
Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2016
Note 1 Summary of Significant Accounting Policies (continued)
Noosa Shire Council has categorised and measured (1.i) Investments
the financial assets and financial liabilities held at
balance date as follows: Term deposits in excess of three months are reported
as investments, with deposits of less than three
Financial assets months being reported as cash equivalents.
• Cash and cash equivalents (1.j) Investment in Associate
• Receivables - measured at amortised cost
(Note 1.h) As at 1 July 2010 a water distribution and retail
business called Unitywater was established in
Financial liabilities accordance with the South-East Queensland Water
(Distribution and Retail Restructuring) Act 2009 to
• Payables - measured at amortised cost (Note deliver water and waste water services to customers
1.m) within the local government areas of Moreton Bay
• Borrowings - measured at amortised cost (Note Regional Council, Sunshine Coast Regional Council
1.0) and Noosa Shire Council.
Financial assets and financial liabilities are Under the Act, governance arrangements for
presented separately from each other and offsetting Unitywater were established in a Participation
has not been applied. All other disclosures relating Agreement which commenced from 1 July 2010. The
to the measurement and financial risk management agreement provides for participation rights to be held
of financial instruments are included in note 26. by the participating Councils. The participating
Councils are Noosa Shire Council, Moreton Bay
(1.h) Receivables Regional Council and the Sunshine Coast Regional
Council. The Participation Rights effectively represent
Trade receivables are recognised at the amounts an investment in an associate by Noosa Shire Council
due at the time of sale or service delivery i.e. the and are disclosed in note 22.
agreed purchase price I contract price. Settlement
of these amounts is required within 30 days from (1.k) Investment property
invoice date.
Investment property is property held for the primary
The collectability of receivables is assessed purpose of earning rentals and/or capital appreciation.
periodically and if there is objective evidence that
Council will not be able to collect all amounts due, Investment property is measured using the fair value
the carrying amount is reduced for impairment The model. This means all investment property is initially
loss is recognised in finance costs. The amount of recognised at cost (including transaction costs) and
the impairment is the difference between the asset's then subsequently revalued annually at the balance
carrying amount and the present value of the date.
estimated cash flows discounted at the effective
interest rate. Gains or losses arising from changes in the fair value
of investment property are recognised as incomes or
All known bad debts were written-off at 30 June. expenses respectively for the period in which they
Subsequent recoveries of amounts previously arise. Investment property is not depreciated and is
written off in the same period are ·recognised as not tested for impairment.
finance costs in the Statement of Comprehensive
Income. If an amount is recovered in a subsequent (1.1) Property, Plant & Equipment
period it is recognised as revenue.
Each class of property, plant and equipment is carried
Because Council is empowered under the provisions at cost or fair value less, where applicable, any
of the Local Government Act 2009 to sell an owner's accumulated depreciation and accumulated
property to recover outstanding rate debts, Council impairment losses. Items of property, plant and
does not impair any rate receivables. equipment with a total value of less than $5,000, and
$15,000 for Buildings, except for land and network
page 8
Section 50
Financial Statements 2016
QAO
Noosa Shire Council
Notes to the Financial Statements
for the year e nded 30 June 201 6
Note 1. Summary of Significant Accounting Policies (continued)
assets (which have a recognition threshold of $1), Non·current physical assets measured at fair value
are treated as an expense in the year of acquisition. are revalued. where required, so that the carrying
All other items of property, plant and equipment are amount of each class of asset does not materially
capitalised. differ from its fair value at the reporting date. This is
achi~ved by engaging independent, professionally
The classes of property, plant and equipment qualified valuers to determine the fair value for each
recognised by Council are reported in note 11 . class of property, plant and equipment assets at least
once every 3 years. Th is process involves the valuer
Acquisition of assets physically sighting a representative sample of Council
assets across all asset classes and making their own
Acquisitions of assets are initially recorded at cost. assessments of the condition of the assets at the date
Cost is determined as the fair value of the assets of inspection.
given as consideration plus costs incidental to the
acquisition, including freight in. architect's fees and Council uses internal engineers to assess the
engineering design fees and all other establishment condition and cost assumptions associated with all
costs. infrastructure assets , the results of which are
considered in combination with the relevant indices
Property, plant and equipment received in the form independently published for the Sunshine Coast
of contributions, are recognised as assets and Region. Together these are used to form the basis of
revenues at fair value by Council valuation where a management valuation for infrastructure asset
that value exceeds the recognition thresholds for the classes in each of the intervening years. With respect
respective asset class. Fair value is the price that to the valuation of the land and improvements, and
would be received to sell the asset in an orderly buildings classes in the intervening years,
transaction between market participants at the management engage independent. professionally
measurement date. qualified valuers to perform a "desktop" valuation. A
desktop valuation involves management providing
Capital and operating expenditure updated information to the valuer regarding additions,
deletions and changes in assumptions such as useful
Direct labour and materials and an appropriate life, residual value and condition rating. The valuer
proportion of overheads incurred in the acquisition or then determines suitable indices which are applied to
construction of assets are treated as capital each of these asset classes.
expenditure. Assets under construction are not
depreciated until they are completed and On revaluation, accumulated depreciation is restated
commissioned , at which time they are reclassified proportionately with the change in the carrying
from work in progress to the appropriate property, amount of the asset and any change in the estimate
plant and equipment class. of remaining useful life.
Routine operating maintenance. repair costs and Separately identified components of assets are
minor renewals to maintain the operational capacity measured on the same basis as the assets to which
and useful life of the non-current asset is expensed they relate.
as incurred, while expenditure that relates to
replacement of a major component of an asset to Capital work in progress
maintain its service potential is capitalised.
The cost of property, plant and equipment being
Valuation constructed by the Council includes the cost of
purchased services, materials, direct labour and an
Land and improvements, butldtngs, major plant and appropriate proportion of labour overheads.
all infrastructure assets are measured on the
revaluation basis, at fair value, in accordance with Depreciation
AASB 116 Property, Plant & Equipment and AASB
13 Fair Value requirements. Other plant and Land is not depreciated as it has an unlimited useful
equipment and work in progress are measured at life. Depreciation on other property, plant and
cost. equipment assets is calculated on a straight-line basis
so as to write-off the net cost or revalued amount of
page 9
Section 51
Financial Statements 2016
Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2016
Note 1. Summary of Significant Accounting Policies (continued)
each depreciable asset, less its estimated residual (1.n) Liabilities- Employee Benefits
value, progressively over its estimated useful life to
the Council. Management believe that the straight- Liabilities are recognised for employee benefits such
line basis appropriately reflects the pattern of as wages and salaries, annual leave and long service
consumption of all Council assets. leave in respect of services provided by the
employees up to the reporting date. Liabilities for
Assets are depreciated from the date of acquisition employee benefits are assessed at each reporting
or, in respect of internally constructed assets, from date. Where it is expected that the leave will be paid
the time an asset is completed and commissioned in the next twelve months the liability is treated as a
ready for use. current liability. Otherwise the liability is treated as
non-current.
Where assets have separately identifiable
components that are subject to regular replacement, Annual leave
these components are assigned useful lives distinct
from the asset to which they relate. Any expenditure A liability for annual leave is recognised. Amounts
that increases the originally assessed capacity or expected to be settled within 12 months are
service potential of an asset is capitalised and the calculated on current wage and salary levels and
new depreciable amount is depreciated over the includes related employee on-costs. Amounts not
remaining useful life of the asset to the Council. expected to be settled within 12 months are
calculated on projected future wage and salary levels
The depreciable amount of improvements to or on and related employee on-costs, and are discounted to
leasehold land is allocated progressively over the present values. This liability represents an accrued
estimated useful lives of the improvements to the expense and is reported in Note 14 as a payable. As
Council or the unexpired period of the lease, council does not have an unconditional right to defer
whichever is the shorter. this liability beyond 12 months annual leave is
classified as a current liability.
Depreciation methods, estimated useful lives and
residual values of property, plant and equipment Long service leave
assets are reviewed at the end of each reporting
period and adjusted where necessary to reflect any A liability for long service leave is measured as the
changes in the pattern of consumption, physical present value of the estimated future cash outflows to
wear and tear, technical or commercial be made in respect of services provided by
obsolescence, or management intentions. The employees up to the reporting date. The value of the
condition assessments performed as part of the liability is calculated using current pay rates and
annual valuation process for assets measured at projected future increases in those rates and includes
depreciated current replacement cost are used to related employee on-costs. The estimates are
estimate the useful lives of these assets at each adjusted for the probability of the employee remaining
reporting date. Details of the range of estimated in the Council's employment or other associated
useful lives for each class of asset are shown in employment which would result in the Council being
Note 11. required to meet the liability. Adjustments are then
made to allow for the proportion of the benefit earned
(1.m) Payables to date. and the result is discounted to present value.
The interest rates attaching to Commonwealth
Trade creditors are recognised upon receipt of the Government guaranteed securities at the reporting
goods or services ordered and are measured at the date are used to discount the estimated future cash
agreed purchase/contract price net of applicable outflows to their present value. This liability is
discounts other than contingent discounts. Amounts reported in Note 16 as a provision.
owing are unsecured and are generally settled on 30
day terms. Where employees have met the prerequisite length of
service and council does not have an unconditional
right to defer this liability beyond 12 months long
service leave is classified as a current liability.
Otherwise it is classified as non-current.
page 10
Section 52
Financial Statements 2016
Noosa Shire Council ~Q.A.O
'-.._~rtified staten:ent~
----
Notes to the Financial Statements
for the year ended 30 June 2016
Note 1 Summary of Significant Accounting Policies (continued)
(1.o) Borrowings and Borrowing Costs amounts currently provided. Because of the long-term
nature of the liability, the most significant uncertainty
Loans payable are measured at amortised cost in estimating the provision is the costs that will be
using the effective interest rate method. The incurred.
effective interest rate is the rate that exactly
discounts estimated future cash payments or The provision recognised for the Eumundi Rd landfill
receipts through the expected life of the financial sites is reviewed at least annually and updated based
instrument. Borrowing costs, which includes interest on the facts and circumstances available at the time.
calculated using the effective interest method and Management estimates that the site will fully close in
administration fees, are expensed in the period in 2054 and that site restoration will occur progressively
which they arise. Costs that are not settled in the over the subsequent thirty years.
period in which they arise are added to the carrying
amount of the borrowing. Quarry Sites
All borrowing costs are expensed in the period in The provision represents the present value of the
which they are incurred. anticipated future costs associated with the closure of
the Ringtail Creek quarry sites, reclamation and
Borrowings are classified as current liabilities unless rehabilitation of the site.
Council has an unconditional right to defer
settlement of the liability for at least 12 months after The calculation of this provision requires assumptions
the balance date. such as application of environmental legislation, site
closure dates, available technologies and engineering
(1.p) Restoration Provisions cost estimates. These uncertainties may result in
future actual expenditure differing from amounts
A provision is made for the cost of rehabilitation of currently provided. Because of the long-term nature of
assets and other future restoration costs where it is the liability, the most significant uncertainty in
probable the Council will -be liable, or required, to estimating the provision is the costs that will be
incur such a cost on the cessation of use of the incurred. The provision recognised for quarry sites
facility. This liability is provided in respect of rehabilitation is reviewed at least annually and
Quarries and Landfill sites. updated based on the facts and circumstances
available at the time.
The provision is measured at the expected cost of
the work required discounted to current day values (1.q) Taxation
using an appropnate rate. The current capital market
yield bond rate is considered an appropriate rate Income of local authorities and public authorities is
with a maturity date corresponding to the anticipated exempt from Commonwealth taxation except for
date of restoration. Fringe Benefits Tax and Goods and Services Tax
('GST'). The net amount of GST recoverable from the
Council has the following restoration provisions: A TO or payable to the ATO is shown as an asset or
liability respectively.
Landfill sites
Unitywater pays Council an income tax equivalent in
The provision represents the present value of the accordance with the requirements of the Local
anticipated future costs associated with the closure Government Act 2009. Where the activity of such an
of the Eumundi Rd landfill sites, decontamination entity is subject to the tax equivalents regime, the
and monitoring of historical residues and leaching on income tax expense is calculated on the operating
the site. surplus adjusted for permanent differences between
taxable and accounting income.
The calculation of this provision requires
assumptions such as application of environmental
legislation, site closure dates, available technologies
and engineering cost estimates. These uncertainties
may result in future actual expenditure differing from
page 11
Section 53
Financial Statements 2016
Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2016
Note 2(a). Council Functions - Component Descriptions
Details relating to the Council's functions I activities as reported in Note 2(b) are as follows:
CEO
The goal of the Chief Executive Officer is to provide leadership to the organisation to ensure it meets its strategic
and operational objectives, as well as to provide executive support to Councillors, the Chief Executive Officer
(CEO) and Council leadership team. Service areas include the CEO's office and internal audit.
COMMUNITY SERVICES
Community Services goals are to provide facilities and opportunities for residents and visitors to participate in
community, cultural and recreational activities across the shire; protect the health and safety of the Noosa
community; and assist community groups and organisations through the provision of advice and community grants.
Service areas include Cemeteries, Community Development, Cooroy and Noosaville Libraries, Environmental
Health, Local Laws, Noosa Aquatic Centre, Noosa Community Support, Noosa Leisure Centre, Noosa Regional
Gallery, Pest and Vector Control, the J, and Waste Management.
PLANNING AND INFRASTRUCTURE
The goals of the Planning and Infrastructure department are to provide efficient planning and asset management
services including infrastructure planning and development assessment. The department operates and maintains
infrastructure including roads and bridges, buildings, canals, parks, stormwater drainage, waterways, beaches and
bushland in the Noosa shire in accordance with established service levels. Service areas include Building and
Plumbing Services, Civil Works, Infrastructure Plar:tning and Design, Parks and Gardens, Planning and
Environment, Disaster Management and Strategic Land Use Planning.
EXECUTIVE OFFICE
The goal of the Executive office is to provide effective governance oversight of the organisation, human resource
management support to the organisation, support economic development, support sustainability initiatives, and
ensure Council's customer focus including communication and community engagement processes. Service areas
include the Community Engagement, Customer Service, Executive OffiCe, Economic Development, Sustainability,
Governance and Human Resources.
CORPORATE SERVICES
The goal of the Corporate Services department 1s to provide effective support to the organisation to ensure that
Council services are provided in accordance with agreed service levels that ensure Council's ongoing sustainability.
Service areas include Financial Services, Information Communication Technology, Procurement and Fleet,
Property and Facilities and Revenue Services
page 12
Section 54
Financial Statements 2016
Noosa Shire Council
Notes to ~he Financial Statements
for the year ended 30 June 20 16
Note 2(b ). Analysis of Results by Function
. ·-·-.. . ... ·-- . ~ . _...._.,._._..._.. ~
Gross Program Gross ~ Net Result •
Income -:-r..~::li ~x!)ens9s Total· from Net ~
Functions Tot aI Assets.
~esult ~,
ln::c:.•:Tl.;) ·
Racurring
Enp9::1ses Recurring 1
Gran~s Ottr~ r Operations · I
2016 $'000 :s-or.c ~·oon $·ooo •• h .
· $'ooo .1·· , · ·$·ooo
· ·· - ....
......
. ---~-·
$'ooo·;----- $;ooo·
" -- -~ -- - - --P,--- - ----- ·· -~ - --· -·
CF.O - - (699) (699) · (699) (699)~
CommunityServices 2,930 18,986 21,916 (29,789) (29,789)" (7,873)< (7,873)r- 811
Planning and Infrastructure 5,307 8,634 13,941 (42,280) ' (42,280) . (28,339) : (28, 339)~ 94
Executive Office 13 4.472 : 4,485 (8.121) (8,121) , (3,636) (3,636)~ (2):
.Corp_or~t~ Se!Yice~ .. ..?~) ?-~---- ..~~!~±~_j_ _ __ !~.~6 :._ __(:1 7 ,9?_~)_i_ _ _(~.J.!~Qt;,____5~~~_,__ _ _!?3.!~~3.L._J , 084!.0.~~- t
:rota! ~()~~cil_ - ·- · ·-··· ·-- _ ... _ _·---·- ----- - -- ____ __1~.~.!_3_ ---· 10_~.!~.!5.\.__ _!~~..~~~-:_ ___j~8,8_~~li _ __{98~~-~)~-----!~~J6 .r__,.~;_tl!I.~J ___J_,084.!~~J
~cmtrolled ~ntity_ Net of Eliminations i - 3,929 ; 3,929 ~ -\ -i 3,929 r 3,929 i 8,162 ~
T~tal_ -
. _. . .,. __ ,. __ ··- ~- ·-·- --·-·----.
·- · ---·~ · ···· ··----
. -,.-,. .____ - ·····-----·-··--1
. ·--- --·---
. . . . .-.fo-
_,_. ..,.37·
. .,_,.,.,3.,. .,.-,·- -1os;46.
,__~-·-..----. - -·4·T-·-fis·
...._._. ._ .., _
a3rr
_"'1··- ---19a,af2)l
_,. ._.-_-(9a,a1·
-.--___ _ ,' 2f-[_ -_17:o2s·
. !1- -17:<f2s·r-·
. . ..
. {o93-;1o4·
.
·,
..,_..,__,
''-'""P .·r-.,-'"'....--~ -·-~·- ·----~---•· -::--->" - ,_.,._ ..__,_.... . ..............,
Gross Program 1 : Gross. i Net Result' l
Fuilctions .. lnco_me . ------j' Totalt ___ ~:CP.~t:'~~s , Total'. from: Net; Total Assets:
Recurring I ncome~' R . , Expenses, Recurring: Result;. ·
- h . : ecurrmg , .
f.:> rants 0 t er ·. '.
.. -- ----~- ·- - - - ·-···" ''"'' -"' ' · " - - - ·- - -.. ~---···-····- - -~--- --- -- -
· 1 0 perat1ons'
-·-- -~------ . .... ___ ., . ,.,..j _ __ _., _ _ _ ___ - ----- ----
;
2015 $'000 $'000 ' $'000 ! $'000 $'000 ,j
···-·- ··-··· ...... .-~- --··· ~· -·· · ·-~ -· ----~-~· - ·- ·· ······~-~-'l--·- . . . ~-- -...~., ....... -~.--·, - - - --.. ~- ~-
$'000 ..
- -- - - ····-- ...
$'000 .:
__ __ __ __ , _
s·oo·cf·
· --- ·- ..... -~· ·······-~ _____ ..___ ·-- - --- ·.:;·-- ~
CEO (536r (536) (536) (536)
Community Serviens 2,908 17,668 20,576 (27,650) (27,650) (7,074) (7,074)t 594
Planning and Infrastructure 2,238 8,481 10,719 (38,015) (38,015):, (27,296)·. (27,296)~ 34 .
Executive Office . 2 4,380 4,382 (7,223) (7,223){ (2.841) (2,841 )~ (BY
_Co~RO_rate_ Se_!Vlc~s
I
. ---- - --- .... _ ------ - ----- +------~ 121 .. 6!.600 69,72_:1
. .
. __ . (1_7.~39t _ __(:!.!....~?~t__ _2~,. 3~~----~~!~~------!!..062..!Z9~:
~
Tota.l Coun_cil ..... ._. ... _ .. ____ .... ·- --- __ !_ ___ _?:!2~_9 -' _ __ 9~,12.9 .. . 1_05,398 (~~._?~31;__. {~_Q_..?~3)L_. __ __1_~?!3..~;: __ __1_~~~~ .L- !_,_O~~!~~~J.
Controlled
. .. Entity Net
. ... of Eliminations ! - 3,195 3,195 . - ' ··------ .. - -.. -------- ······
..._ -·--- · t··-----··· . . - ·- ·- ·- - - ---···--- ·-·- ---· ··--· · - - ----- ----- ---·--··-- ·- --··-3,195
3,195 t
.....,r
·--- __.;,_ ___.........4,234 ~
! C?ta!. . -.-- _ . : --~-Q.~.~~£L.....!.Q~.~93._L..__t90,7~~~~!~1~ ___1!!.!P.o t_17_,8~0J...
_________ _ _ t _ ,_ _ _ ~-~~!._ ~.~'!.~_I.s6!_~ ~~
(to
o..o
~)>
0
m
f'li
=J
~~
;.,.
,~
page 13
Financial Statements 2016
Noosa Shire Council
Notes to ine Financial Statemenis
for the year ended 30 June 2016
Note 2(b). Analysis of Results by Function
— Gross Program Gross s—=—<“<i~*é=S:*S*~*«~N RSE
PUAEtoné Income Tetei Expenses: Fotall from Net Téhal awaete:
Income: genuine Expenses Recurring Result!
Granis Other | meemetoweose Operations
2016 $000 eee your | S000 00 000 F000; $1080
CFO s . : (699) (699) (699) (699): -
Community Services 2,930 18,986 21,916 (29,789) (29,789) (7,873): (7,873) 811
Pianning and Infrastructure 5,307 8,634 13,941 (42,280): (42,280) (28,339) (28,339)° 94
Executive Office 13 4,472. 4,485 (8,121) (8,121) (3,636) (3,636): (2)
Corporate Services 2,123 69,443, 71,566, (17,923). (17,923) 53,643. 53,643 1,084,039 »
TotalCouncil 0 10,373 101,535 111,908 (98,812) (98,812), 13,096 13,096 _— 1,084,942 °
Controlled Entity Net of Eliminations =f i 8929892 8929 RTO ga BAS? :
Tota nn wen 10373 105,464 | 115,837 | (98,812)! (98,812); 17,025 | 17,025 | __ 1,093,104 |
GrossProgram | ~~ ~©6<Gross”—=—<“(‘ sr.) ~~CNOReSt
funciions OUT mmc , VOU Eavenegs “Total from! Net Total Assets
Recurring i Income: Recurrin Expenses, Recurring, Resuit’ f
Grants Other et Operations: _-l
2015 $000 S000. S000 S000 S000 S000 1000 $000
CEO 2 - - (536) (536) (536). (536). -
Community Services 2,908 17,668 20,576 (27,650): (27,650). (7,074) (7,074). 594
Planning and Infrastructure 2,238 8,481 10,719 (38,015) (38,015): (27,296) (27,296): 34.
Executive Office ‘ 2 4,380 4,382 (7,223) (7,223); (2,841) (2,841 yi (8):
Corporate Services 2 67,600 69,721 (17,339).____-(17,339),__ 52,382: 52,3827 1,062,709
TotalCouncl = 269 98,129. 105,398 (90,763) _(90,763) 14,635 14,635: _ 1,063,329 |
Controlled Entity Net of Eliminations 89 9K VB 4284 8
Total 7,269 | 101,324 | 108,593 | (90,763). (90,763): 17,830 ; 17,830 | 1,067,563 [3
22
a
oO
\3
ee)
page 13Section 55
Financial Statements 2016
Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2016
Note 3. Revenue Analysis
2016 2015
S'OOO $'000
(a). Rates, Levies and Charges
General Rates 45,418 44,865
Separate Rates 5,136 5,045
Special Rates 1,444 1,398
_~~~te ~-~i~~ -~har~es __ ________--·-·- ·- ··-- - - - ~~.1 ~?.~~- ... - ..JP.!-~.1?..
Total rates and utility charge revenue 63,224 61 ,925
Less: Discounts (1,802) (1,793)
Less: Pensioner rem issions (757} (744)
TOTAL RATES. LEVIES AND CHARGES
(b). Fees and Charges
Building and Development Fees 2,819 2,289
Permits and Licences 808 754
Fines and Penalties 47 57
Registration Fees 292 168
Parking Penalties 612 548
User Fees and Charges 567 669
Other Statutory Fees 556 458
TOTAL FEES AND CHARGES .. - ....5,701 .
"'·.-:·.::;;.;.~· -- .
4,943_
(c). Interest and Investment Revenue
Investments 1,786 1,835
Interest from Overdue Rates and Utility Charges 484 479
Loan to Unitywater 2,638 2,692
TOTAL INTEREST AND INVESTMENT REVENUE
page 14
Section 56
Financial Statements 2016
Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2016
Note 3. Revenue Analysis (continued)
-------- 2016 2015
------ $'000 $'000
(d). Sales Revenue
Sale of services
Contract and Recoverable Works 5 155
Refuse Tips and Transfer Station Charges 2,096 1,695
Venue Hire 362 390
Holiday Parks Fees and Charges 3,120 2,859
Learn to Swim 604 643
Admission Fees 870 693
Total Sale of Services 7,057 6,435
Sale of goods
Sale of Recyclables 431 483
J3.~-~?!l ~~.<?P §?J~s. .. ________ 561 475
Total Sale of Goods 992 958
--- .. ..
---~ -- ~· · · ·-- -- - .•... '
TOTAL SALES REVENUE ~10_4g . ,=Z~3,~-~ -·
--
The amount recognised as revenue for contract revenue during the financial year is the
amount receivable in respect of invoices issued during the period. There are no
contracts in progress at the year end. The contract work carried out is not subject
to retentions.
Note 4. Grants, Subsidies, Contributions and Donations
(a) Recurrent
General Purpose Grants 2,107 2,121
State Government Subsidies and Grants 1,158 1,020
Commonwealth Government Subsidies and Grants 1,876 1,864
Donations 38 33
Contributions 8
Other Non-Government Subsidies 18 30
TOTAL RECURRENT GRANTS, SUBSIDIES,
CONTRIBUTIONS AND DONATIONS 5,068
(b) Capital
State Government Subsidies and Grants 3,333 1,680
Commonwealth Government Subsidies and Grants 1,880 554
Contributions 2,483 1,607
Non-Monetary - Developer Assets contributed by Developers at Fair Value 2,438
TOTAL CAPITAL GRANTS, SUBSIDIES,
CONTRIBUTIONS AND DONATIONS 7,696 6,279
page 15
Section 57
Financial Statements 2016
Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2016
Note 5. Employee Benefits
2016 2015
;~ .a ...r --
------------------------------------------------------~-~------- -----
Wages and Salaries 21 '111 20,051
Annual, Sick and Long Service Leave Entitlements 3,581 3,222
Superannuation 2li 2,805 2,707
Councillors Remuneratfon 514 505
~~'>'--~· · ...._. ~ ... ··---- --
28,011 26,485
Other Employee Related Expenses - ---...JJ 14~--
29,567 27,626
Less: Capitalised Employee Expenses (1 ,745) (1,501)
.. - ·--· ·~-~-----
TOTAL EMPLOYEE BENEFITS 27,822
:=""....~-:..>:.-=-=~~ ....
Councillor remuneration represents salary, and other allowances paid in respect of
carrying out their duties.
Additional information:
Total Employees at year end:
Administration Staff 248 247
Depot and Outdoors Staff 97 97
·--·..·--·- -·-··- ··~ ... - - .. · · - .- - - · A
T otal full tim e equiva le nt employees 345 344
Tot al Elected m e m bers 7 7
Note 6. Materials and Services
Administration Supplies and Consumables 926 831
Audit Services 139 112
Communications and IT 616 576
Consultancy Services 243 403
Contract Services 18,540 17,291
Commission Paid 583 465
Donations and Prizes 3,976 2,902
Electricity 1,739 1,859
Fleet Operating Costs 1,221 1,291
Grants Paid to Community Organisations 810 781
Insurance 507 508
Legal Expenses 789 1,055
Operating Leases - Rentals 551 809
Software and Maintenance 873 474
Water and Sewerage Costs 862 931
Other Materials and Services 3,413 3,638
Less: Capitalised lntemal Expenses (117) (197)
··- ·······--- --·--·-·--
TOTAL MATERIALS AND SERVICES ,,=}5.~~ - =--.,.-~~·!_2_~-=
page 16
Section 58
Financial Statements 20 16
Noosa Shire Council
Notes to the Financial Statements
for the yea r ended 30 June 2016
Note 7. Depreciation and Amortisation
..
,.._, ~-
201 6 2015
$'000
Depreciation/Amortisation of Non Current Assets
Buildings 1,341 1,457
Plant and Equipment 712 623
Road and Bridge Network 9,648 9, 129
Storm Water 2,042 1,861
Other Infrastructure Assets ....~]~.:4.9. .. ?.~.~~.~
Total Depreciation of Non Current Assets 1 ~!~83 ·-·- 1 ?.~§~
Amortisation of Intangible Assets
Software 290 251
Total Amortisation of Intangible Assets 290 251
TOTAL DEPRECIATION AND AMORTISATION
Note 8. Cash, Cash Equivalents and Investments
Cash and Cash Equivalents
Cash at Bank and on Hand 391 175
Cash Equivalent Assets
-Deposits at Call 38,195 34,716
- Term Deposits 14,000 16,000
,..
TOTAL CASH ASSETS, CASH EQUIVALENTS AND INVESTMENTS 5?,,.9~9. 59, ..891
Restricted Cash, Cash Equivalents and Investments
Council's Cash and Cash Equivalents are subject to a number of Internal and
External Restrictions that limit amounts available for discretionary of future use.
These include:
Externally imposed Expenditure Restrictions at the reporting date relate to th e
following cash assets:
Unspent Government Grants and Subsidies 144 116
Unspent Levy Funds 5,006 6,248
Unspent Developer Contributions 5,465 3,223
Unspent Carbon Tax 969 635
Total External Restrictions 11,584 10,222
Cash and cash equivalents includes cash on hand, all cash and cheques receipted but not banked
at the year end, deposits held at call with financial institutions, other short-term, highly liquid
investments with original maturities of three months or less that are readily convertible to known
amounts of cash which are subject to an insignificant risk of changes in value, and bank overdrafts.
page 17
Section 59
Financial Statements 2016
Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2016
Note 8. Cash, Cash Equivalents and Investments (continued)
2016 2015
$'00a S'OOO
Restricted Cash, Cash Equivalents and Investments (continued)
Internally imposed Expenditure Restrictions at the reporting date relate to the
following assets:
Future Asset Replacement 7,364 5,335
Natural Disaster Rehabilitation 2,271 2,249
Waste Management 3,616 3,466
.§.eecific Pureo~e Re~~~~~-~-- ..- - . _ -··-·--·J ,874. -- _1~9] _
Total Internal Restrictions 15, 1 ~5. 1 ~:.?.?~ .
Total Unspent Restricted Cash, Cash Equivalents and Investments
Cash and deposits at call are held in the Commonwealth Bank in a normal
business cheque account. On call accounts are also held with QTC. Deposits
at call earned variable interest over varying terms at interest rates of between 2 .74%
and 3.22%.
Note 9. Trade and Other Receivables
Current
Rateable Revenue and Utility Charges 4,337 4,166
Other Debtors 63
GST Recoverable 561 458
Accrued Revenue 2,172 2,451
Prepayments 457 646
Fees and Charges 982 806 --
·-· .. . . .... . . .
TOTAL CURRENT TRADE AND OTHER RECEIVABLES 8<~!3 ~. .. ·- ~~~?X
Non-Current
Loans and Advances to Associates :4~!2. 1.§ 4~!.?!~
TOTAL NON-CURRENT TRADE AND OTHER RECEIVABLES -' · -. ~!i21.~. ~ .;.. .....49,218
:... _.. , ·.· ...
Interest is charged on outstanding rates at a rate of 11% per annum. There is no concentration of credit risk for
rates and utility charges, fees and other debtors receivable.
A new loan agreement for the subordinated debt was executed on the 21 June 2013. The new interest only loan
structure terminates on the 30 June 2033 with the interest rate set by QTC annually. Applicable interest rate for
2016 was 5.36% (2015: 5.47%).
page 18
Section 60
Financial Statements 2016
Noosa Shire Council QAO
( l'Fr.ifiPrl statements
~--
Notes to the Financial Statements
for the year ended 30 June 2016
Note 10. Investment Property
2016 2015
$'000 $'000
Fair value at Beginning of Financial Year 3,831
Fair value of Assets transferred from other Asset Category 3,227
Revaluation adjustment to the Income Account 319 604
TOTAL INVESTMENT PROPERTY
All investment property was valued at fair value by AEC Group Limited, an independent professionally qualified
valuation firm, as at 30 June 2016. Operating expenses in respect of investment property are shown in note 6.
page 19
Section 61
Finenclal Stal.emanta 2016
Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2016
Note 11. Property, Plant and Equipment
~~-~~~:~~~-------------~ --·---- - . ._. --------,. ___. _ _ _ _ _ _____ ---rea~:~·:::·r- --··:·":---;--·=--r·-:~nl and--l·=::r:~- ~~·-~--1 ,~, I
;_.::g: ___:_ __ -- - · _
___
_!__ __ _: __j __ E~u-lp_me_n~_j. --~~\work _ _!__________
·t 3--~:~Q. --iI
_J .:~~~~
·M-;.~~;~16~---- · •· • -· - 0
~~ - --· ----- --- -----·---·-·------ ---- -- --------- ----·---------- .............1~---------_1_____
- -- -- ~,->'- ti:--- -' -- -F~t:~; --i- --F~~;~u~ --- ~ -- --~6~ ---- -1---i=.~~u-;··-!- -F'.;;~.iu·e±
---------------'--·~
- --F.r:;u-;--
---r----- - - - - ----~
__
i Opening Gross Balance - at Cost · i 7,396 I - i ·: 1
8,354 - ; ~ 15,750
; g:~:~~:::~;::~:;;-~~~~:~~15-- -------- ------ ---- -----··1 ; -- -- 7.39~- :___ ---- +~~:~~~-:- - -- - -~~~~~~-l, --- --- --..8~s;;-i--------~~ii 1-----
1
~:~:::: -~{::~~I -;-rri~l
' Correction to Opening Balances
: Additions•
. Disposals
1 28,949
-~
1
3,780 i
·-
•
(1 ,289).
20 1
:
·I
2,208 !
(758)1 •!
·
16,912 ,
-
4,020
·
l (18)
435
- j
(1,307)
56,324
{758)
; Write-offs j ·: - -I ·, (2,107)1 · (131)• (2,238)
:. Revaluation Adjustment to Other Comprehensive Income (Asset Revaluation Surplus) 1 '-' 1 - ! 6,815
1
1,783 i - II - · I 4,134 1 12,732 _
~. Wor11 in Progress Transfers r
I
(27.381 )•
I
· ·
I
-.
I
·I •
.II ·1 (27,381)1
· Adjustments and Other Transfers 1 (84)! · : : -i · 1 · • 1 (84)1
;:l-_-· ·_:_·_.< ~)' ~- . ~--~;~;~J.:=.·_-~. ·- _"~ ~t ~-~~~-~ .-------~-~~._--_-_ -_.i9,3iiij
1 5
~~~~~9:~~:~uikifr~~~;i~~%~~~iq~i;;!11~~(-·a_lg_o~i ~~i ~~ 3~:~u~-~2o_,·s___ ~.
1
_ . 8,8J9 :_ ·. . ...- ...
"Tota_!_ ~-'~~~l(~e oJ_!'rs>.e.~r:!Y,__F'I!!~~n_Q_~qy_l~m_e!lt:.!!tf.?ir_y~lue_as_~~ J9_J_un~ ~Q'!.L. -· ___ ,__ . __ .... , ___._:_........ 1~~Q.9.• ____ __7M_97_ ._.. ____ _ _______:_I. _ ____41,~!i.!IJ.6.i __ _ . J!.M.l!& .... ___ ~7.._327 l-____j.Q,9§.._~5
J.2t~~!.P.~f.QP,2_r!f~~~-~~d. -E;,q~Jp}!l~-~~)_3_Q_~y_n_~_@lt ___ _
_ w _ _ _ _ _ __J_ 1 8 879_! ·- 1301109 i 761397 i •10,30Bl 635,076 1 __,6 456 67,~.3271 1114 552
:·ap;~in9Ac;;;,;;j;t;do-;;pre;;-~~-;;~; 1"J~i;2o1s-·----~-----·------~~--- ---:-"·T·------ : 1s.so2 ; · -835: '"'98.5'27T- 49,594 ~s.s30 ! 190:1sa l'
-I -
· Com!ction to Opening Balanoes
'- Depreciation Provided In the Perood I
1 • •
• I
• :
· :'
(177)
1,341 ; 712 1J I9,648
1 -
2,042
(17)1
2,940 I:
(194)
16,683 ,
-~ 1
; Depreciation on Disposals
"DepreclationonWrite-offs
I
! ·1 (1,128) -: -L (83)1 ·.
-i
·
-1
(151 ) - • (151)
(1,191)
:. ~~:;_~~~:n~:S!;~-~~!=~~;~;_~:slveln~:-~Asset~:~~u~U~~u~lus_>_i '~) ___ ___ __:: __ _ _______ :i .... ------~~~·------- ..1.~+------ - {11_;), ___ _ _ - ~ ------~C:l
2
·~.:.!
::_r_otal_t_c~9~d-~-~~~!!>r:t.2.f.~rqP.~!!Y, f.~.!~n~ -~!-I':!P~~-nt__as at.~q~~n_E;~ _-?,9_:1_§. ______,___.__ . ----- -~-~ ----------
· ,___ __j!,1B.~.!~-----M!!..J_____ !_2~~.~L ......-~1..!!!.1______~11.1£l..~~'!ill
~:Asse!A'cidiii~ns·~;;;.P.
(,\;;t-R;e;.;;~~- ·.
___s_9lo8T~:___. s,61o !
,coD~i~ated Bo~~yi~ as atTfJun.~:?.0.1§.-==:~=:·:.:~~==~-- ~-=--=-~~--=~~:..:_~-=:i--=~::--a:sJ.~:~==~~::-13!!.1~~]
.
L "56,aso L_j~
·;----·=~~~=~~~=~- --~1;~---~;··· :
:~;~~~}~~:t~U~~::~ ~~~:)~-=-~~~:~~=.:~~~~~-~=:----.-=~-=-~---~~==~-~-=-=~=-~-==~~~- ---- ·--··_
-----~------~1.464-;'"-
:=3
-~~=-:::---:._ _;:::.::..:-::::-::::-::::-.:::::::.;.:;::;:;:·.::;::-.:;:::::::..:..--::::.::::=-...:::.___- - ;--·
--:--:.:::::-
-:·
• .: : : - - -
,
s28,147j
-
_::-_]l£74
!
-: ----- ~2,1 14_!____1o.7621""'--·~340 ~ ~------297"1
2·12:r- ·:
14:9F
•
gm!![.!'_d_~j~O!l~-- _ _ _ _
;__ • _ _ _________ 0. __ _-----· _.:.... __ .......... !... ........;!.•7~9: ________ .f.Q..~. - - - · ., .. !!.'Ll __ __ -----~5.9-J- _ ____J
.!!!t-- 1381 1~,!!!J
'I9.1~flts!! L'~l~~~~-- -- ... - ------·----- " .... --------- ------- ---- ------~--------~':ti!.~L. ___ ;_ri!O.~------ ~~}_____ _2,,208_L_ _______j_~.~E..:_ _______4_,!1_~-----~----28,859 I
pagc20
Financial Statements 2016
Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2016
Note 11. Property, Plant and Equipment
sis iia aS TC ge nance a ie — onmegenecoen ai Be mance Peed
30 June 2016 Capital Work in | | , Plant and Road and Bridge | Other Infrastructure}
Progress | Land i Buildings | Equipment | Network Storm Weter Assets ' Total
Enero sere eax emsrence meenfineeesnseen am oeeeapseeeee ef n-penpane oper seme metneeeree rere wife ee
ae Se tee 8000 27 g000 TTT" g000 $000 8000 000 S000 S000
“Measurement Basis oe po etter Ltt i Cost | FairValue | Fair Value) Cost \"FairValue_|__Fair Value | “Fair Value
i Opening Gross Balance - at Cost : i 7,396 i - i =| 8,354 a - | 15,750
{Opening Gross Balance -atFair Value 2 ee ee ee ee Va ess ee nesta IMO UA alias ee 76,885) |. etter |___..__161,968 —_ 82,922} 1,061,516.
;, Opening Gross Balance as at 1 July 2015 | 7,396 119,514 | 75,985 | 8,354 | 621,127 161,968 82,922 1,077,266
* Correction to Opening Balances : | =} qa 289)! “| - . (18) (1,30
' Additions" \ 28,949 3,780 ! 20! 2,208 : 16,912 | 4,020 435 56,324
, Disposals - “ (758) sit « 7 {758
+ Write-offs “4 < -| . e2nomy “ (131) (2,238
“ Revaluation Adjustment to Other Comprehensive Income (Asset Revaluation Surplus) ; =| 6,815 1,783 | - | - -t 4,134 | 12,732
! Work in Progress Transfers (27.381): - -| -| -| . | (27,381)}
* Adjustments and Other Transfers (84)! | ef “| “| -| - (84)
5 1 1 1 22 2 222 1176 97 51 87 Intemal
5 1 1 1 22 3 318 1176 124 51 96 Transfers
5 1 1 1 22 4 441 1176 33 51 90 to
5 1 1 1 22 5 472 1181 261 37 32 OtherAssetClasses
5 1 1 1 22 6 1630 1181 51 33 17 mihi
5 1 1 1 22 7 1777 1210 53 5 14 a
5 1 1 1 22 8 1854 1180 241 35 39 a:
5 1 1 1 22 9 2212 1184 117 31 39 ee
5 1 1 1 22 10 2305 1174 19 52 62 |
5 1 1 1 22 11 2341 1210 112 5 28 ae
5 1 1 1 22 12 2467 1174 90 70 30 {285},
5 1 1 1 22 13 2609 1184 146 31 0 468]
4 1 1 1 23 0 212 1195 3007 77 -1
5 1 1 1 23 1 212 1219 68 54 0 tTotel
5 1 1 1 23 2 284 1219 77 54 77 Gross
5 1 1 1 23 3 363 1219 75 54 70 Value
5 1 1 1 23 4 446 1219 28 54 77 of
5 1 1 1 23 5 478 1219 113 54 81 Property,
5 1 1 1 23 6 590 1219 68 54 0 Pant
5 1 1 1 23 7 669 1219 43 54 75 arid
5 1 1 1 23 8 716 1219 130 54 60 Equiprient
5 1 1 1 23 9 860 1226 10 29 74 -
5 1 1 1 23 10 880 1225 21 29 89 at
5 1 1 1 23 11 912 1224 55 30 78 Gost
5 1 1 1 23 12 976 1230 26 25 2 ag
5 1 1 1 23 13 1012 1226 22 28 2 at
5 1 1 1 23 14 1044 1224 24 31 51 20
5 1 1 1 23 15 1072 1224 66 31 42 sing
5 1 1 1 23 16 1147 1224 98 30 33 6016.
5 1 1 1 23 17 1560 1224 97 30 10 BETO
5 1 1 1 23 18 2052 1229 96 24 36 te
5 1 1 1 23 19 2163 1249 42 3 25 on
5 1 1 1 23 20 2219 1220 106 33 33 MOB
5 1 1 1 23 21 2953 1195 59 77 31 =f
5 1 1 1 23 22 3107 1195 91 77 16 19407
5 1 1 1 23 23 3204 1199 15 55 16 |
4 1 1 1 24 0 213 1257 2989 37 -1
5 1 1 1 24 1 196 1253 91 50 71 Total
Gross Value of Property, Plant and Equipment - at Fair Value as at 30 June 2016 go a ett werner 4901082 78OZ sessed ~.-.— $35,076 | __166,456/ 87,327) 1,095,365
Total Gross Value of Property, Plant and Equipments at 30 June 2016 BBO 130,109 | 76,387; ___._.10,308 | ___ 635,076 | __ 166,456 sab 114,552
Opening
5 1 1 1 26 2 331 1332 169 61 89 Accumulated
5 1 1 1 26 3 501 1332 163 61 55 Depreciation
5 1 1 1 26 4 667 1338 31 37 83 as
5 1 1 1 26 5 703 1337 56 37 13 att
5 1 1 1 26 6 817 1337 581 46 0 July2015.=~*~*~*~<C*<“<*~*“<S
5 1 1 1 26 7 1635 1345 25 45 38 ed
5 1 1 1 26 8 1857 1363 8 4 51 :
5 1 1 1 26 9 2006 1342 98 39 64 15602:
5 1 1 1 26 10 2163 1336 164 39 0 ~~—~«835)
5 1 1 1 26 11 2380 1336 178 52 0 ——~SCS
5 1 1 1 26 12 2512 1332 50 60 0 |
5 1 1 1 26 13 2660 1332 96 52 77 49,694
5 1 1 1 26 14 2897 1336 101 50 75 25,630!
5 1 1 1 26 15 3105 1337 116 40 89 190,188
5 1 1 1 26 16 3200 1332 18 52 40 !
4 1 1 1 27 0 215 1378 2989 52 -1
5 1 1 1 27 1 215 1392 6 31 2 '
5 1 1 1 27 2 228 1390 271 33 96 Correction
5 1 1 1 27 3 361 1386 32 41 96 to
5 1 1 1 27 4 398 1390 101 33 96 Opening
5 1 1 1 27 5 509 1390 112 23 96 Balances
5 1 1 1 27 6 1433 1400 4 14 64 1
5 1 1 1 27 7 1635 1397 25 30 25 a5
5 1 1 1 27 8 1858 1401 8 3 86 -
5 1 1 1 27 9 1878 1386 4 42 47 :
5 1 1 1 27 10 2034 1385 71 36 51 (177).
5 1 1 1 27 11 2302 1400 9 5 78 -
5 1 1 1 27 12 2324 1378 4 38 92 |
5 1 1 1 27 13 2525 1395 25 24 27 4
5 1 1 1 27 14 2747 1400 10 4 92 -
5 1 1 1 27 15 2941 1382 57 48 41 (17)}
5 1 1 1 27 16 3148 1390 56 27 95 {194
4 1 1 1 28 0 216 1415 2989 62 -1
5 1 1 1 28 1 216 1428 4 11 38 '
5 1 1 1 28 2 232 1429 154 26 96 Depreciation
5 1 1 1 28 3 394 1429 107 22 96 Provided
5 1 1 1 28 4 511 1429 20 21 96 in
5 1 1 1 28 5 540 1429 38 21 96 the
5 1 1 1 28 6 586 1429 77 21 95 Period
5 1 1 1 28 7 1340 1422 2 17 63 |
5 1 1 1 28 8 1637 1439 4 2 36 .
5 1 1 1 28 9 1858 1437 23 13 20 a
5 1 1 1 28 10 2022 1428 63 25 86 1,341
5 1 1 1 28 11 2086 1415 17 51 67 |
5 1 1 1 28 12 2266 1427 44 22 82 712
5 1 1 1 28 13 2323 1424 4 15 70 |
5 1 1 1 28 14 2466 1427 68 26 96 9,648
5 1 1 1 28 15 2547 1420 4 57 95 |
5 1 1 1 28 16 2673 1415 84 45 95 2,042
5 1 1 1 28 17 2912 1427 69 25 87 2,940
5 1 1 1 28 18 2991 1431 6 15 55 :
5 1 1 1 28 19 3121 1428 84 25 96 16,683
4 1 1 1 29 0 216 1440 2985 61 -1
5 1 1 1 29 1 216 1472 5 22 27 -
5 1 1 1 29 2 232 1467 153 27 94 Depreciation
5 1 1 1 29 3 393 1471 31 18 96 on
5 1 1 1 29 4 432 1466 119 28 96 Disposals
5 1 1 1 29 5 1340 1458 3 27 83 |
5 1 1 1 29 6 1860 1478 22 23 49 =i
5 1 1 1 29 7 2081 1476 9 3 63 :
5 1 1 1 29 8 2258 1440 70 59 38 (151)!
5 1 1 1 29 9 2526 1476 9 5 42 -
5 1 1 1 29 10 2748 1477 10 3 80 -
5 1 1 1 29 11 2972 1448 27 45 80 -|
5 1 1 1 29 12 3149 1465 52 29 71 (1st
4 1 1 1 30 0 216 1492 2999 59 -1
5 1 1 1 30 1 216 1500 6 38 60 ”
5 1 1 1 30 2 233 1505 152 26 96 Depreciation
5 1 1 1 30 3 394 1510 30 17 92 on
5 1 1 1 30 4 432 1504 119 23 77 Write-offs
5 1 1 1 30 5 1339 1497 5 46 11 :
5 1 1 1 30 6 1637 1516 7 3 30 “|
5 1 1 1 30 7 1859 1510 23 17 0 -|
5 1 1 1 30 8 2080 1513 25 33 45 “|
5 1 1 1 30 9 2304 1514 8 5 39 :
5 1 1 1 30 10 2458 1493 84 48 96 (1,128)
5 1 1 1 30 11 2749 1514 10 5 85 -
5 1 1 1 30 12 2941 1492 46 59 0 (63)
5 1 1 1 30 13 3127 1502 88 30 83 (4,191)
4 1 1 1 31 0 216 1537 2989 44 -1
5 1 1 1 31 1 216 1537 6 32 58 }
5 1 1 1 31 2 234 1542 143 23 86 Revaluation
5 1 1 1 31 3 384 1542 140 28 96 Adjustment
5 1 1 1 31 4 531 1543 23 22 96 to
5 1 1 1 31 5 562 1541 70 23 96 Other
5 1 1 1 31 6 639 1541 192 28 96 Comprehensive
5 1 1 1 31 7 841 1541 88 24 96 Income
5 1 1 1 31 8 939 1541 77 28 96 (Asset
5 1 1 1 31 9 1024 1541 145 24 96 Revaluation
5 1 1 1 31 10 1177 1541 103 28 87 Surplus)
5 1 1 1 31 11 1339 1545 5 28 45 »
5 1 1 1 31 12 1382 1546 56 22 16 Fy
5 1 1 1 31 13 1657 1563 4 13 0 }
5 1 1 1 31 14 1858 1552 9 6 67 -
5 1 1 1 31 15 2044 1537 45 36 96 448
5 1 1 1 31 16 2102 1570 4 9 0 ;
5 1 1 1 31 17 2303 1553 9 5 89 -
5 1 1 1 31 18 2526 1552 10 6 88 -
5 1 1 1 31 19 2748 1552 10 5 74 -
5 1 1 1 31 20 2913 1541 64 26 92 2,101
5 1 1 1 31 21 2991 1551 9 30 14 {
5 1 1 1 31 22 3135 1542 70 26 96 2,549
4 1 1 1 32 0 216 1575 2990 39 -1
5 1 1 1 32 1 216 1578 571 36 20 {.Intemnal-Transfers
5 1 1 1 32 2 444 1571 30 49 20 ito
5 1 1 1 32 3 481 1571 79 49 66 Other
5 1 1 1 32 4 563 1571 74 49 51 Aspet
5 1 1 1 32 5 636 1571 99 49 0 Clagege
5 1 1 1 32 6 930 1571 50 49 13 ig
5 1 1 1 32 7 962 1575 383 35 0 eres
5 1 1 1 32 8 1322 1571 38 49 60 Ny
5 1 1 1 32 9 1377 1605 32 2 41 ee
5 1 1 1 32 10 1502 1605 40 2 23 se
5 1 1 1 32 11 1576 1592 116 16 33 ee
5 1 1 1 32 12 1710 1604 44 4 28 eee
5 1 1 1 32 13 1841 1576 180 34 26 Racer
5 1 1 1 32 14 2041 1579 62 30 21 ON
5 1 1 1 32 15 2114 1604 20 4 18 co
5 1 1 1 32 16 2136 1604 102 5 25 cc
5 1 1 1 32 17 2248 1580 64 29 20 A
5 1 1 1 32 18 2457 1579 191 30 10 IN
5 1 1 1 32 19 2657 1571 14 49 14 ae
5 1 1 1 32 20 2664 1579 95 30 34 MO
5 1 1 1 32 21 2906 1579 92 30 26 AIM
5 1 1 1 32 22 3135 1591 71 18 15 gS
4 1 1 1 33 0 216 1591 2990 67 -1
5 1 1 1 33 1 216 1606 74 52 95 ‘Total
5 1 1 1 33 2 294 1606 157 52 95 Accumulated
5 1 1 1 33 3 454 1606 157 52 96 Depreciation
5 1 1 1 33 4 610 1615 38 34 96 of
5 1 1 1 33 5 653 1606 109 52 96 Property,
5 1 1 1 33 6 770 1606 69 52 38 Plant
5 1 1 1 33 7 840 1606 48 52 38 and
5 1 1 1 33 8 888 1606 143 52 0 Equipment
5 1 1 1 33 9 1030 1606 35 52 0 as
5 1 1 1 33 10 1069 1606 65 52 89 at30
5 1 1 1 33 11 1137 1616 66 32 78 June
5 1 1 1 33 12 1204 1606 69 52 42 2076
5 1 1 1 33 13 1732 1626 102 22 0 To
5 1 1 1 33 14 1883 1591 202 67 0 aiass
5 1 1 1 33 15 2091 1619 33 29 39 |
5 1 1 1 33 16 2252 1591 67 67 32 ean
5 1 1 1 33 17 2323 1595 5 53 52 |
5 1 1 1 33 18 2430 1591 102 67 18 406,920
5 1 1 1 33 19 2536 1591 24 67 49 |
5 1 1 1 33 20 2659 1591 96 67 0 st,682
5 1 1 1 33 21 2882 1591 96 67 5 30,447
5 1 1 1 33 22 3006 1612 84 48 36 -———
5 1 1 1 33 23 3106 1612 96 48 44 207,885
4 1 1 1 34 0 216 1654 3008 65 -1
5 1 1 1 34 1 216 1655 747 59 9 Varco
5 1 1 1 34 2 422 1650 80 79 33 Bok
5 1 1 1 34 3 501 1650 179 79 20 Vee
5 1 1 1 34 4 686 1650 40 79 21 90
5 1 1 1 34 5 751 1650 41 79 14 iN
5 1 1 1 34 6 916 1650 27 79 19 a
5 1 1 1 34 7 942 1650 416 79 0 ceneremeecaaerrsncarecar
5 1 1 1 34 8 1423 1655 73 64 25 ear
5 1 1 1 34 9 1647 1655 80 59 30 ar
5 1 1 1 34 10 1950 1655 40 59 31 re
5 1 1 1 34 11 2193 1654 54 59 32 nen
5 1 1 1 34 12 2238 1655 986 59 20 rT
5 1 1 1 34 13 2904 1650 192 79 28 No
5 1 1 1 34 14 3095 1650 133 79 37 SE
4 1 1 1 35 0 217 1719 3003 35 -1
5 1 1 1 35 1 217 1720 78 33 0 PERS
5 1 1 1 35 2 303 1719 182 34 17 ANNO
5 1 1 1 35 3 543 1745 35 6 0 alecsmche
5 1 1 1 35 4 619 1745 58 6 16 peasy
5 1 1 1 35 5 653 1715 12 48 17 ie
5 1 1 1 35 6 699 1746 45 6 21 ei
5 1 1 1 35 7 759 1735 1964 19 26 at
5 1 1 1 35 8 1445 1715 32 48 37 a
5 1 1 1 35 9 1529 1715 28 48 28 cy
5 1 1 1 35 10 1561 1715 24 48 13 EC
5 1 1 1 35 11 1685 1715 60 48 24 SS
5 1 1 1 35 12 1957 1715 24 48 20 CD
5 1 1 1 35 13 2033 1715 236 48 27 Sc
5 1 1 1 35 14 2369 1715 56 48 27 i
5 1 1 1 35 15 2425 1715 72 48 35 i
5 1 1 1 35 16 2529 1715 36 48 39 ig
5 1 1 1 35 17 3066 1722 3 3 0 ,
5 1 1 1 35 18 3216 1722 4 3 85 j
4 1 1 1 36 0 217 1749 2741 61 -1
5 1 1 1 36 1 217 1754 90 56 3 Longe
5 1 1 1 36 2 315 1754 29 56 54 of
5 1 1 1 36 3 343 1754 50 56 14 Es
5 1 1 1 36 4 396 1779 74 31 14 mae
5 1 1 1 36 5 476 1758 71 44 0 vaet
5 1 1 1 36 6 542 1754 42 55 0 Ea
5 1 1 1 36 7 643 1758 83 44 6 ee
5 1 1 1 36 8 762 1754 168 55 0 cases
5 1 1 1 36 9 939 1777 46 33 0 Spapet
5 1 1 1 36 10 992 1777 42 33 0 Gavee
5 1 1 1 36 11 1040 1777 38 33 0 cadem
5 1 1 1 36 12 1043 1783 242 19 0 taeeioemmeneo
5 1 1 1 36 13 1201 1777 40 33 26 ions
5 1 1 1 36 14 1251 1777 69 33 0 eomome
5 1 1 1 36 15 1292 1781 241 21 15 oN
5 1 1 1 36 16 1438 1777 56 33 14 SE
5 1 1 1 36 17 1493 1777 50 33 0 eeu
5 1 1 1 36 18 1556 1777 26 33 0 ae
5 1 1 1 36 19 1581 1777 56 33 1 TEE
5 1 1 1 36 20 1659 1749 214 61 0 setae
5 1 1 1 36 21 1888 1749 107 61 0 apenas
5 1 1 1 36 22 2030 1753 77 38 32 oe
5 1 1 1 36 23 2270 1752 60 27 58 =
5 1 1 1 36 24 2475 1757 36 23 19 a1
5 1 1 1 36 25 2690 1758 29 22 2 ce
5 1 1 1 36 26 2922 1758 36 22 69 =
4 1 1 1 37 0 224 1796 3000 57 -1
5 1 1 1 37 1 224 1796 77 57 0 Asset
5 1 1 1 37 2 305 1796 119 57 88 Additions
5 1 1 1 37 3 429 1796 123 57 96 Comprise
5 1 1 1 37 4 1290 1797 117 58 1 errr
5 1 1 1 37 5 1464 1797 98 58 12 ees
5 1 1 1 37 6 1633 1797 76 58 16 cia
5 1 1 1 37 7 1710 1801 951 41 0 cenitlomeeiimnennitdrandoiionnertirkonmptsthiemnsibterecrnsBeemeentstbine
5 1 1 1 37 8 2778 1835 21 7 19 sc
5 1 1 1 37 9 2811 1793 182 64 0 deneierngnsitl
5 1 1 1 37 10 2998 1793 219 64 0 ementemarenrereeel
4 1 1 1 38 0 218 1836 2989 47 -1
5 1 1 1 38 1 234 1851 70 23 94 Asset
5 1 1 1 38 2 312 1850 119 23 96 Renewals
5 1 1 1 38 3 1435 1863 6 20 61 i
5 1 1 1 38 4 1580 1851 66 24 83 1,484
5 1 1 1 38 5 1659 1851 4 19 67 |
5 1 1 1 38 6 1860 1848 25 23 37 =i
5 1 1 1 38 7 2082 1845 25 27 45 “4
5 1 1 1 38 8 2246 1844 85 32 58 2,114:
5 1 1 1 38 9 2455 1849 83 25 95 10,762
5 1 1 1 38 10 2549 1856 4 22 60 |
5 1 1 1 38 11 2714 1849 46 23 96 340
5 1 1 1 38 12 2772 1836 5 30 95 |
5 1 1 1 38 13 2938 1851 45 21 95 297
5 1 1 1 38 14 2994 1854 8 29 24 +
5 1 1 1 38 15 3123 1851 84 25 95 14,997
4 1 1 1 39 0 218 1866 2989 77 -1
5 1 1 1 39 1 219 1862 86 68 42 Other
5 1 1 1 39 2 304 1862 125 68 29 Additions
5 1 1 1 39 3 804 1913 53 2 0 -
5 1 1 1 39 4 1025 1914 13 1 0 :
5 1 1 1 39 5 1246 1885 230 34 0 oven
5 1 1 1 39 6 1487 1912 138 6 0 eet
5 1 1 1 39 7 1650 1872 30 46 34 he
5 1 1 1 39 8 1695 1913 87 6 30 eee
5 1 1 1 39 9 1786 1885 118 33 39 BBO!
5 1 1 1 39 10 2055 1884 67 34 21 BOE
5 1 1 1 39 11 2236 1866 95 52 37 oat
5 1 1 1 39 12 2500 1888 34 30 24 50
5 1 1 1 39 13 2539 1862 12 68 39 |
5 1 1 1 39 14 2675 1862 121 85 0 3800]
5 1 1 1 39 15 2795 1862 298 85 22 ____138j___
5 1 1 1 39 16 3097 1890 110 29 37 13.902
4 1 1 1 40 0 219 1918 3169 58 -1
5 1 1 1 40 1 219 1925 76 30 61 Total
Asset ACD ONS a cee vege ace epee en ee eetennen nee ye tng, ABH | 38780, 20 2208) 16,942; 4020) a8 28,8595 &
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page 20Section 62
f·lnanc«ol Statements 2016
Noosa Shire Council
Notes to the Financ!al Statements
for the year ended 30 June ?016
Note 11. Property, Plant and Equipment
30 June 2015 C::.p;Jnt Wo•k J•~ Pl ant and Road ond Brod oe
SIG<'mWote •
Ott'lcr rnfrast• ucttiTC:
Total
.; u':!' Bu;I•:J11, 95
~'rr.g r~_s;, t:QUI,C'~Tll.if1\ NetvtOrk A SS'::! I~
$"000 1 '{)(1~1 $'nOD $'00i' $'000 l'OOO $'000 s·oon
t~ easur!!~e~! ~~~ CCO~i . ..
r :.;:r ·~~J~1e: ~-.<:llr Vntu~;:
..Cust ,.......
. .. . ......., . ·-·a·rr
-~ .....,
~ V~11l1 e
-~ · .
FctirVallm F-li!_Y.~J~~ .............
Opening Gross Balance -at Cost 1,523 7.478 9,001
Opening Gross Balance - at FalrV!J! ue 120,91\5 _74,546 615,3_7:?. . 147,8..16 77,380 1,036,079
Opening Gross Balance as at 1 July 2014 1.523 1:?0,945 74,546 7,478 . 615,372 147,836 77.380 . 1,045,080 .
Correction to Opening Balanoes 174 1,!'>01 1,675 .
Additions• 5,93!! 789 62 1,374 . 3,944 15 3,215 I 15,338 .
Contributed Assets 1,251 . 1.187 2,438 ·
Disposals (498) (498)
Writo--offs (75) (941) (216); (1,234).,
Rovaluation Adjustment to Other Comprehensive I nco me (Asset Revaluation Surplus) 5,527 12,930 18,457 '
Wor1<. in Progress Transfers (66) 66 . .
Transfers from/(to) Investment Properties (2,:7.20) (1,770) (3,990)!
Internal Transfers to Other Asset Classes (:7.,479) 2,479. :
Total Gross Value~~ Property: Plani a~cl Equipment :~t Cost as· ~I 30 June 2015 -
Total Gross vai~~of P~p~y. ~18~; ancl !=quipment- ai Fair Val_u~ ~s at3()j~_io15 - ~ : :-r~
:
_ _.
7,396 .
119,514 _ _ _ .. 75,985
8,354
621 ,127 . . 1~1,968 82,922 i
15,750 .·
__ 1,1)61,516
Tol_al G~os_s Val~~l .f'r.tJP~, P lant ;;!ncl Equ_ipment l!~ ap9_Jy!1~..~15__ _____ ______ _______ .,;_ ----·- ! ..:!.~. _
'"•-····· ··- .. .. ...
... --
Opening Accumulated Depreciation as at 1 July 2014
--- ....... _
· · --~- ------~-......
----------~·-
___ . ~~ .514_ _ __ 75,98 ~ . . ....
-- - -· - -~ _.,__ ..... .
15,186
____
8,_3_54
. ..............
743
- ~21,12?
. ......
89,681
.. ·, - · . . -· !~1..~ · -- - .. . ~~~9~-~-- . . . !.O.?Z·~~-
. . .. ...
43.499
- -- · ......, .. ....
23.023 :
~- . -~ " ·--·- ' - "-<
171,632 .
~· - - . ~·-· · · -- -·· - -- ~-.
Depreciation Expense 1,457 . 623 9,129 . 1,861 2,599 ; 15,669
Disposals (31) (31):
Writo-offs • (25) (283) (134L (442)
Revaluation Acljustmant to Olher Comprehensive Income (As sot Revalua~on Surplus) - (111) 4,234 4,123
Transfers from/(to) Investment Properties • (763) (763) ·
lntema! Transfers to Qther Asset Classes . : • .. .. (1_ 42) _ . . _ ·- . . 142 :·
Total Aq;ym ~~l~__d__Dep~!al~_n !?f Prope'!Y, P lant and _E(lulp~ent !IS at :30 J.'!.~-~-!5 __ _ _ _ _: ________ _._· - - - - · - - _:___ __ ___ ~_;~~- - - - - - - 835 ; _ _ _ . ~.~~~ : _ _ _ ~~M.~ -- __2_f!,6~~ -~ _ ___.. ~9().~~ • ... _
-sP'..w.:_~ii'i.l14-::_· ~-- -~ .-. ~r~i~-- ~-~ .-.-~7:!ir8 ~
·t~r1s~l[~aiect s~ok Y.a!ue·~ ·§!f~q)u~e ·.?o·1~: ·_· --~-=--==~ ---~ ----....
~~~~~~:~~~~[~~~~=~-~ --~- -=~~
.~~~~l ASl.d.it~.~~-~~~·p;i~~~·-~~~-.:~~::·~:~.::.-=.===:.:.~_::-::::.=~=====-~--+==---==-=-=--=-:~~==--=~~-
As set Renewals i
---·r:i~---= 1 1i~=---·&o-.-383~===:~s19 ~
4,267 •
- ~~~
62 1,338
~- -~~~_;;~::~=~:. -·.
-=--==~:==·~:~-=~=-_:__-~~~~-
3,921 11
-.·- ..,.
602 10,201
Other Additions . . .. . .. ... . .. . . . . .. ... . . . . . . . .• -· ... ...... __ . •. ,_. ___ ·-··· 1_,672_ _ _ . 7f>.~ ... _ ·- _ 36. 1,2?4 1,19_2 .. _ . . _2,6.1.3 7,576
Total Ass_llt ~.d9i.tio.ns_ - --- -- · ·--- ----·- - - - ·-- --- ----·-- -·- -- - --·- · -..·--- ____ _;______5,93_9 .. ______.!..~.t.__ 6_2 ___ !,!7'1 __ ..5~95_ _ • __1_2!03_ _ . . ... ~,215 ' 17,7!!
pa gcl1
Financial Statements 2016
Noosa Shire Council
Notes to the Financial Statemenis
for the year ended 30 June 2016
Note 11. Property, Plant and Equipment
DO NEO aS obe e lene Buildings owner ROE wae Storm Water omer eer Total
$00 ¢'009 ~"yn00 ‘soot S000 “sono = ssHDs—i— “SN
Measurement Basis Cosi. San alue | FawVawe Gost Fair Value Bair Vale Faille
Opening Gross Balance - at Cost 1,523 “e - 7,478 . -" - 9,001 -
Opening Gross Balance - at Fair Value . § 120,945 74,546 st. 615,372. 147,836 77,380 1,036,079
Opening Gross Balance as at 1 July 2014 1,523 120,945 74,546 7,478 615,372 147,836 77,380 . 1,045,080 ©
Correction to Opening Balances : ‘ 174 1,501 7 -: 4,675
Additions* } §,939 789 62 1,374. 3,944 15 3,215 15,338
Contributed Assets ' - 4,254 1.187 : 2,438 -
Disposals ‘ - . : (498) - . - (498).
Write-offs < : (75) . (941), = (218), (1,234).
Revaluation Adjustment to Other Comprehensive Income (Asset Revaluation Surplus) j - . 5,527 . - 42,930 18,457 |
Work in Progress Transfers } (66) - - - 66 - .,
Transfers from/(to) Investment Properties (2,220) (1,770) : - . (3,990)!
Intemal Transfers to Other Asset Classes _ . / ; — | - - (2,479) - . - 2,479 | os
Total Gross Value of Property, Plant and Equipment - at Cost as at 30 June 2015 | 788 - - 8,354 Fee ene a cal ill 15,750
Total Gross Value of Property, Plant and Equipment - at Fair Value as at30 June 2015 j : - 119,514 —— 75,985 :. 621,127, 161,968 82,922 | 1,061,516 ©
Total Gross Value of Property, Plant and Equipment as al30June 2016 IB 919,514 75,985 8354 621,127, 161,968: 82,922 1,077,266
Opening Accumulated Depreciation as at 1 July 2014 T Sy i ee ee 45186 243 89,681 43,499 23,023 : 171,632
Depreciation Expense 2 - 1,457 623 9,129 1,861 2,599 + 15,669 |
Disposals - (31) . a (31):
Write-offs . : (25) (283) 7 (134). (442)
Revaluation Adjustment to Other Comprehensive Income (Asset Revaluation Surplus) . - (411) - . 4,234 - 4,123 ©
Transfers fromito) Investment Properties ; (763) . _ (763):
Internal Transfers to Other Asset Classes __ (142) s a “ eas 142: :
Total Accumulated Depreciation of Property. Plant and Equipment as at30 June 2015S 15602 8S 98,527 49594 25,630. 190,188 |
Consolidated Book Value as at 30 June 2015 7806 199,514 60.383 7,519 822,600 112,374 87.202 887,078:
Other Infor sneer yn gta ent net ne ingeninnetineonaes
Far Of Earnie FR LIN OI acres eect apncecanintcnaii aes sae cnia erage rain see aT escape OE sce ceteeaas ees Ot cae sered le bncconparsceasimer
POU UO OI ec eee nnmernunevonemnamnrceroememarctenemrnersrlenneor-evmon gpm ernnne-ne-errnp vena sneerstensranensaneneaerarerenmremenenme ans diemanersee:hi initia titra
Asset Renewals ‘ 4,267 - 62 1,338 ° 3,921 1 602 - 10,201 |
OtherAdditions wt ast srsemeicacseat 1,672 . pL OOD carerepre ccusctten ay seog tea 1,274 (4,992) 2613 7,576 %
Tolal Asset Additions 8888 788 2 4874-5195. 12080 3248 ATIT Ed
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page 21Section 63
Financial Statements 2016
Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2016
Note 12. Fair Value Measurements
(i) Recognised fair value measurements
Council measures and recognises the following assets at fair value on a recurring basis:
Property, plant and equipment
• Land
~ Buildings
- Road and Bridge Network
• Storm Water
- Other Infrastructure Assets
Council does not measure any liabilities at fair value on a recurring basis.
Council has assets and liabilities which are not measured at fair value, but for which fair values are disclosed in the other
notes.
Council borrowings are measured at amortised cost with interest recognised in profit or loss when incurred.
The fair value of borrowings disclosed in Note 15 is provided by the Queensland Treasury Corporation (QTC) and
represents the market value to extinguish the debt at balance date. This information was provided by QTC and
represents the contractual undiscounted cash flows at balance date. Liquidity risk information on Council's borrowings is
also disclosed in Note 26.
The carrying amounts of trade receivables and trade payables are assumed to approximate their fair values due to
their short-term nature (Level2).
In accordance with AASB 13 Fair Value Measurements are categorised on the following basis:
- Fair value based on quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1)
- Fair value based on inputs that are directly or indirectly observable for the asset or liability (Level2}
- Fair value based on unobservable inputs for the asset and liability (Level 3)
The fair values of the assets are determined using valuation techniques which maximise the use of observable data,
where it is available, and minimise the use of entity specific estimates. If all significant inputs required to fair value an
asset are observable, the asset is included in level 2. If one or more of the significant inputs is not based on observable
market data, the asset is included in level 3. This is the case for Council infrastructure assets, which are of a specialist
nature for which there is no active market for similar or identical assets. These assets are valued using a combination of
observable and unobservable inputs.
The table below presents all items that are measured and recognised within the Statement of Financial Position at fair
value. In accordance with AASB 13, all fair value measurements are recurrent and categorised as either Level 2 or Level
3 fair value measurements. Council does not have any assets or liabilities measured at fair value which meet the criteria
for categorisation as Level 1.
page 22
The text continues on section 64.