2016-11-08 S&O Agenda - Item 3, Attachment 1 - Local Economic Plan

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