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

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