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

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