Original source · versioned page text
2018-11-06 S&O Agenda - Attachment 1 to Item 5 - Draft Annual Report 2017-18
Very large file: it may take a few minutes
The original of this document is very large (10.3 MB). Opening the original or downloading it may take a few minutes. Please be patient and don't click again. The page text is quick to read. If you are on mobile data, it is best to wait until you are on Wi-Fi.
Text sections have not been matched to the original PDF pages. Use the original document to check page numbers.
Services & Organisation Committee
6 November 2018
Attachment 1 to Item 5
2017/18
Annual Report
for the period 1 July 2017 to 30 June 2018
PO Box 141 Tewantin QLD 4565
P (07) 5329 6500
[email protected]
www.noosa.qld.gov.au
See the original
The page text is free to read. Viewing or downloading an original file needs an account.
Log in to see the originalLog in to download the original file
Very large file: the download may take a few minutes. If you are on mobile data, it is best to wait until you are on Wi-Fi.
Searchable page text hides email addresses. Original files are unchanged and may show email addresses.
Full text of sections 2 to 78 (of 101)
Section 2
© Noosa Council 2018
Endorsed by Noosa Council xxxxxx
Page 2 | 2017-2018 Annual Report
a fs | | s
— fo i : :
\ 5 NI r /
i ; H i = =
ae : = f j i I li =
| | Ts F | Hil = 5
meN _ ny iit ,
{ ie ge) ;
a ' ’ ’ >.
7 . ‘
a | |
EF A€ :
be + Sawin “4 “eal 7
) a | nk s '
= T= wat Tt
— a =
/[ _
| a aay : ~
cel ie en =
y - f “Section 3
Contents
Introduction 4
A message from our Mayor 4
A message from our Chief Executive Officer 6
Councillors 7
The Year in Review 8
Reportable Disclosures 16
Information relating to Councillors 16
Reportable Council resolutions for the period 17
Councillors’ expenses and resources provided 17
Summary of expenses/ reimbursements paid to Councillors for the period 18
Councillor meeting attendance 18
Complaints about Councillors 19
Overseas travel 20
Executive remuneration 20
Equal opportunity employment 20
Administrative action complaints 21
Council registers 21
Community grants 2017/18 22
Discretionary funds 28
Beneficial enterprises 28
Business activities 28
Significant business activity 28
Commercial business units 28
Competitive neutrality 28
Services, facilities and activities, for which special rates/ charges levied 28
Summary of concessions for rates and charges 29
Invitations to change tenders 30
Audit and Risk Committee 30
Internal Audit 30
Community Financial Report 2017/18 32
Background 32
Highlights and achievements 32
Where was the budget spent? 33
Statement of comprehensive income 33
Operating revenue – where the money came from 34
Operating expenditure – where the money goes 34
Statement of financial position 35
Assets - what we own 36
Liabilities – what we owe 36
Statement of changes in equity 36
Statement of cash flows 37
Financial Ratios 38
Summary 39
Financial Statements 40
2017-2018 Annual Report | Page 3
Section 4
Introduction
Meanwhile, at Peregian, works were
completed on our business accelerator, known
as the Peregian Digital Hub. As the financial
year drew to a close, the Hub was humming
with tenants and numerous tech events.
In the spirit of cooperation, Council also
established a first for the Shire: the
Sustainable Tourism Stakeholder Reference
Group. This brings together 15 business,
community and environmental groups as well
as Tourism Noosa and Council to consider
the challenges we face around our success
A message from our Mayor as a premier tourist destination. The work by
this broad assemblage of players will continue
The 2017-18 financial year saw Council
into the new financial year. Never before have
complete a remarkable workload. I am sure
so many local representatives been asked to
many staff are still a tad breathless from the
tackle such a key issue for our locale.
effort!
Back to core Council business, and 2017-18
One of our more significant achievements
found Council completing the first draft of the
for the year was also a more left-field project
new Noosa Planning Scheme and thereafter
for Council. The purchase of land beside
delivering this massive document to the State
the Noosa River known as John’s Landing
for their first interest check. The next stage
allowed Council to resolve perhaps the most
will be further public consultation in 2018-19,
pressing social issue in the Shire. With the
before going back to the State for gazettal.
help of our Noosa Community Roundtable,
plus a wonderful project officer, we were able And, while we’re talking planning, during
to assist more than 90 people to find better the year Council received 503 development
accommodation. As a result, many lives were applications and approved 98.5% of them.
significantly improved and a host of children Council also enjoyed considerable success in
were reacquainted with school life. We entered the Planning & Environment Court defending
this project with some trepidation. Thankfully, numerous appeal cases.
the outcomes exceeded our expectations.
Following extensive consultation and a good
Another big picture project was the negotiation deal of debate, the Noosaville Foreshore Land
over the Yurol/Ringtail Forest Conservation Use Master Plan was finally completed. So
Project. This unique and innovative four- too was a Noosa Main Beach Events Policy to
way deal between HQ Plantations, the State help guide the future of activities at one of our
Government, Noosa Parks Association and key assets.
the Council will see 2,400 hectares of land
added to the conservation estate. Much of it We worked extensively on our transport
will be rehabilitated plantation land, and all solutions for the Shire, with significant data
will eventually finish up as national park. The collection undertaken. Various project groups,
scale and audacity of this complex project is consultants and experts all grappled with
extraordinary, with the end result providing our transport issues. This is no easy nut to
koala habitat and environmental connectivity crack, and our ongoing research is continually
between the hinterland and the Cooloola challenging assumptions about the best way
section of the Great Sandy National Park. forward. Meanwhile, the initial walk-and-
ride-to-school program is having significant
success.
Page 4 | 2017-2018 Annual Report
Section 5
On top of our regular maintenance schedule, Of even greater significance was that, thanks
we managed to complete a record $29 to Noosa’s input, the State’s new overarching
million in capital works delivery and achieve planning document, the SEQ Regional Plan
an Asset Sustainability Ratio of 131%. (Shaping SEQ), respected Noosa’s historical
Hearty congratulations must go to all in our approach to development. It included
Infrastructure Department for that herculean no increase to our urban footprint and a
effort. projected population increase that would not
see us reach our so-called “population cap”
Work was begun on the new Park Road until 2041.
Boardwalk which connects Hastings
Street with the Noosa National Park, and I’d like to conclude by thanking all the Council
construction also began on the refurbishment staff for their efforts over 2017-18, and also
and expansion of the Noosaville Library. my excellent Councillor colleagues, all of
whom are focussed on the best outcomes
During the 2017/18 financial year we rolled for our community. It’s an honour to work
out our green bin system to divert green with you all and to serve this wonderful
waste from landfill, continued to implement community.
our Zero Emissions Strategy with a range of
energy and cost saving measures, supported
Boomerang Alliance with their Plastic Free
Noosa campaign, and took a policy position
Tony Wellington
opposing any further applications for coal
exploration or coal-seam gas mining in the
Shire.
The overall structure of the organisation
received a minor shake-up, with the
creation of a newly badged Environment &
Sustainable Development Department, plus
an updated Corporate Plan.
And, as if that weren’t enough (and I’m only
scraping the surface of Council’s many
achievements) we also beefed-up our
Economic Development activities, hosted
the Queen’s Baton Relay, supported the
Pomona Community’s successful campaign
to retain their mid-town rail crossing, opened
an innovative Makerspace in the Cooroy
Library, and resolved land issues at the
Cooroy Community Hall before helping fund
its restoration.
On the bigger stage, we managed to garner
more than $6 million in Federal and State
grants. We were not only instrumental in
getting the State to consider the matter
of short-term on-line property lettings, we
were one of only two local governments
represented on their Stakeholder Reference
Group established to tackle the issue.
2017-2018 Annual Report | Page 5
Section 6
They help explain why we are working hand-
in-hand with our community. They help explain
why our staff are so passionate about our
Noosa community. They help explain why we
are always looking to do things better for our
community.
Of course, while we are rightly proud of what
we have achieved for our community in the
last 12 months as set out in this annual report,
it is also important that we don’t ever become
complacent. We need to keep striving to do
even better. Our community expects this and
deserves it.
A message from our
However, we can’t do everything on our own.
Chief Executive Officer One of the great things about Noosa is the
level of volunteers in our community who add
How do you concisely sum up such a busy to the social fabric by getting involved and
year like 2017/18? It is almost impossible to helping in some way. Whether it’s delivering
do so given the scope of what our Council has meals on wheels, helping at the football club
achieved for our community in that 12 month canteen, helping maintain a bushland reserve
period. or as a volunteer lifesaver, our community
Elsewhere in this annual report, you can read has a higher level of volunteerism than the
details about our progress towards achieving Queensland average. This evidences passion
our five Key Focus Areas as set out in our for where we live and the desire for our
Corporate Plan. There are a myriad of projects community to make a difference. I’m reminded
that we have undertaken to focus on our of an anonymous quote that I read recently
environment, community, economy, long-term “Volunteering is the ultimate exercise in
planning and the Council itself. That quite democracy. You vote in elections once every
extensive list of projects identifies what we now and then, but when you volunteer, you
have achieved in the 2017/18 financial year. vote every day about the kind of community
However, I would like to spend some time you want to live in”. On behalf of Council,
focusing on why we have undertaken these thanks to all of the volunteers in our community
initiatives on behalf of the Noosa community. who help make Noosa such a great place to
live.
I believe there is something different in the
DNA of our Council compared to other local And finally, I would like to thank the Mayor,
governments. I think we can trace that back Councillors and all of our staff for their efforts
to how we were re-born – our community in the 2017/18 financial year. We would not
fought hard to get its Council back through a have been able to achieve all of the incredible
de-amalgamation and there has always been outcomes that are set out elsewhere in this
a special bond between our Council and our annual report without you. To our staff, I
community. particularly say thank you. Every day, you
provide public service to our community. From
Some Councils talk about their community. putting out the lane ropes at the Aquatic Centre
We talk about our community. Some Councils at 5am, to pruning trees in parks, to fixing
refer to their residents and ratepayers as potholes, to answering customer phone calls
stakeholders and citizens. We still prefer the and putting away chairs at The J at 10pm, our
term “our community”. Some Councils refer staff are out there every day providing service
to their staff as public servants. We focus to our community.
on public service. We are here to serve our
community. These are subtle differences but
important ones. Brett de Chastel
Page 6 | 2017-2018 Annual Report
Section 7
Councillors
Noosa Shire is represented by the Mayor and six Councillors who were elected at the Local
Government elections in April 2016. Our Councillors represent all areas of the Shire as Noosa is an
undivided local government area.
From left to right:
Cr Frank Pardon, Cr Joe Jursevic, Cr Brian Stockwell, Mayor Tony Wellington, Cr Ingrid Jackson,
Cr Jess Glasgow, and Cr Frank Wilkie (Deputy Mayor).
2017-2018 Annual Report | Page 7
Section 8
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 Corporate Plan in January 2017 and more recently, in September 2018, adopted an update to that document. The Corporate Plan identifies five themes, a series of long term goals and key focus areas for 2017-2022. Council’s progress towards achieving them is set out on the following pages. Council’s Operational Plan 2017/18 detailed the major priorities and initiatives that Council undertook to work towards the implementation of the Corporate Plan. Throughout the year, the CEO provided 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 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. Page 8 | 2017-2018 Annual Report
Section 9
Corporate Plan Theme 1: The Noosa Environment
“Our environment is protected and enhanced and is valued by the community”
• Council reviewed its management approach • Council successfully negotiated for the ongoing
to the Noosa River and has committed to processing and sale of our recyclable waste
refresh and rewrite the Noosa River Plan following the 2017 decision of the Chinese
with an expanded focus on river catchment government to discontinue taking Australian
management. Community consultation on the recyclable materials. At the same time, we have
revised Noosa River Plan is to be undertaken in responded to the announcement by the State
mid 2018 with the updated Plan expected to be government to introduce a $70 per tonne landfill
adopted by Council in late 2018. levy from early 2019.
• Council signed a Memorandum of • Council is continuing to develop a Climate
Understanding in October 2017 with the State Hazard Adaption Plan. This project (being
Government, HQPlantations and the Noosa funded by the State government via the Local
Parks Association for the development of a Government Association of Queensland) is
project to protect major parts of the Yurol and aiming to develop both a Climate Hazard
Ringtail forest areas. Council agreed to the Adaption Plan (CHAP) and a Climate Change
final format of the contracts in June 2018. This Adaption Plan. Research and community
is the most significant environmental project in engagement has been undertaken in 2017/18
recent years and will see almost 2,400 ha of for the CHAP.
land transition to protected conservation tenure
over the next 10 years providing regional scale • Council awarded tenders in September 2017
environmental connectivity, particularly for for the ongoing environmental monitoring of
koala corridors. Council owned landfills including both current
and closed landfills. This ensures that Council
• Council completed its audit of stormwater meets its environmental obligations in relation
pollution in the Noosaville Industrial Estate to its landfills (both current and closed).
and is working closely with local businesses to
improve environmental management practices • Council issued a new 7-year licence to operate
in that area. the Recycling and Sales Facility at the Eumundi
Road Resource Recovery Facility to Resource
• Council provided ongoing support to the Recovery Australia. This decision saw the
Boomerang Alliance in their campaign for a closure of the Brightside Tip Shop and the
Plastic Free Noosa. launch of Noosa Reviva in July 2018.
• Council is implementing its Zero Emissions • Council approved a further 3-year funding
Strategy focused on eliminating our agreement with the Noosa Biosphere Reserve
organisation’s emissions by 2026. Council Foundation in June 2018. During 2017/18,
considered a report by ERM Energy in relation Council also provided $250,000 to the Noosa
to the energy use of nine of Council’s largest Biosphere Reserve Foundation for projects that
energy producing sites. Contracts were let advance the purpose of the Noosa Biosphere
for the installation of solar panels at most Reserve as well as $140,000 for operational
of the major Council buildings at a cost of expenses (in accordance with the funding
approximately $250,000. This will reduce both agreement that was in place until 30 June
Council’s emissions and also our ongoing 2018).
electricity costs.
• Council has addressed a range of significant
• Council’s new waste management contract planning and environment applications during
commenced in September 2017. This new the last 12 months. During that period, Council
contract (awarded to Cleanaway for the approved 98.5% of planning applications.
period 2017 - 2024 at an approximate cost
of $46 million) is the largest contract Council • Council adopted a policy to oppose any further
manages. The introduction of a mandated applications for coal exploration, coal mining,
green waste recycling bin in urban areas coal seam gas exploration or coal seam gas
of the Shire (which will reduce green waste production within the Shire.
being buried in the landfill and significantly
reduce methane gas production) was a smooth
process with significant communication with our
community to ensure that service delivery was
seamless.
2017-2018 Annual Report | Page 9
Section 10
Corporate Plan Theme 2: The Noosa Community
“Our community is connected, safe and happy and able to meet their potential”
• Council finalised the settlement of the purchase • Council finalised the design of the Park Road
of Johns Landing at Cooroibah. This was one Boardwalk following an extensive community
of the most significant projects undertaken engagement process. Expressions of interest
by Council in 2017/18. More than 90 people were called and following a subsequent tender
were re-housed through the work of the Noosa process, a contract for $6.5M was awarded
Community Roundtable – a coalition of State to Hutchinson Builders. The Boardwalk is
agencies, a significant number of community expected to be finalised in late 2018.
groups and Council. Rehabilitation of the
land (partly purchased with the Environment • Noosa participated in the University of
Levy) has commenced with the removal of a Canberra’s Rural and Regional Wellbeing
significant amount of rubbish and contaminated survey. The survey found that as a community,
material. our sense of well-being exceeded other
regional areas in Queensland and Australia in 9
• Council adopted a 3-year implementation out of the 10 areas measured.
plan for the Noosa Social Strategy. One of the
Social Strategy initiatives is the establishment • Following extensive engagement with the
of the Noosa Community Roundtable, which Cooroy community regarding the future of the
successfully assisted with the transition process Cooroy Community Hall, Council agreed to
at Johns Landing and is now focusing on accept trusteeship of the Deed of Grant in Trust
affordable housing. and supported the establishment of the Cooroy
Community Hall Association Inc. An agreement
• Council adopted a Sport and Active Recreation to lease was signed with the Association so
Plan following extensive community they could renovate and ultimately manage the
engagement. The Plan will help guide Council Hall. As part of that agreement Council agreed
in managing community facilities and programs to fund 50% of the restoration costs (capped
associated with both active and passive sports. at $192,000) with the community funding the
An implementation plan was adopted by remaining 50%. This has been an excellent
Council in February 2018. outcome for the Cooroy community with the
official re-opening of the hall occurring in April
• The Queen’s Baton Relay event was held in 2018.
Noosa on 26 March 2018. With over 35 baton
bearers and thousands of residents lining the • Council has undertaken numerous Library and
route, the Baton Relay was a successful event Gallery programs to support our community.
with positive feedback from the Commonwealth Our Library Services have physically issued
Games organisers. over 744,000 items during the last 12 months.
The Council also let a tender for the major
• Council held two community Council meetings refurbishment of the Noosaville Library, which
during 2017/18. In November 2017, we held will be completed in late 2018.
a Council meeting at Sunshine Beach and
in June 2018, we held a Council meeting at • Council opened a Makerspace at the Cooroy
Kin Kin. This continues Council’s ongoing Library with funding assistance from the State
commitment to open decision making and Library of Queensland. The Makerspace
provides an opportunity for more members includes 3D printers, robotics and virtual reality
of the public to attend Council meetings. In activities.
keeping with our ongoing commitment to
transparency, during the year we only closed • Council completed a detailed review of the
Council/Committee meetings on 5 occasions to options for the future use of the Noosaville
deal with confidential matters. foreshore. This included an extensive
community engagement process that
• Council worked closely with the Pomona culminated in the adoption of the Noosaville
community to provide support and advocacy Foreshore Land Use Master Plan in May 2018.
in relation to the Mid-Town Rail crossing. The importance of this area to our community
Following a significant lobbying campaign was highlighted by the large number of
and working very closely with the community, submissions made through the community
success was achieved when Queensland Rail engagement process.
announced that it would retain the crossing and
look at safety upgrades rather than closing the
crossing.
Page 10 | 2017-2018 Annual Report
Section 11
• Council has reviewed and updated its Community • Our Noosa Aquatic Centre, Noosa Leisure Centre
Engagement Policy. Significant engagement and The J all had outstanding years. In terms of
projects included: numbers the NAC had 242,922 visits which is
• Park Road Boardwalk; just under last year’s record number of visits, the
Leisure Centre had 109,108 visits which is up 7.1
• Climate Change Adaption Plan; % on last year and The J had 85,089 visits which
• Pioneer Park, Cooran; is up 6.7% on 2016/17.
• Cooroy Memorial Hall; • Council once again provided funding for the free
• Peregian Beach Digital Hub; bus service at Christmas and Easter to make
• Waste Management Local Law; and it easier for our community to move around
during those busy holiday periods. Usage of
• Arts, Heritage and Cultural Plan. that service continued to grow and we also
• Council responded to community concerns about negotiated new service arrangements for parking
the proliferation of short term accommodation at the Noosa Heads Lions Park with increased
online booking agencies. We were successful in parking fees from $10 to $20. The average
having a motion passed at the Local Government number of passengers using the free buses during
Association of Queensland Conference the Christmas period has grown from 3,926 in
that resulted in the establishment of a State 2015/16 to 4,157 in 2017/18. Like previous years,
Government Reference Group to address the 66% of users had access to a car but caught the
issue and Mayor Wellington was appointed as one bus to avoid traffic and congestion.
of two Local Government representatives on that • Council continued to provide its community grant
Group. program supporting our community groups.
• Council won a Queensland National Trust Award During 2017/18, we provided $842,946 in grants
for the project on “Noosa Remembers – A History to 135 recipients to support projects, acquisition of
of the World War 1 memorials of Noosa Shire”. equipment or events. Council staff also facilitated
a number of evening information sessions for
• Council provided Pomona Arts Inc. with one off community organisations to help improve their
funding to support their ongoing management of governance and grant writing skills.
the historic Pomona Majestic Theatre.
• Council focused on recognising the important role
of volunteers in our community. A series of videos
were produced highlighting examples of the work
undertaken by volunteers and Council hosted a
“volunteer recognition” event.
2017-2018 Annual Report | Page 11
Section 12
Corporate Plan Theme 3: The Noosa Economy
“Our economy is diverse and resilient”
• The construction of the Peregian Beach Digital • Council and Tourism Noosa worked together to
Hub was completed (Council was successful establish a Sustainable Tourism Stakeholder
in obtaining $1 million of funding from the Reference Group. This brings together
State Government). Following an EOI process, approximately 15 different groups from the
tenants and co-workers have been identified business, community and environmental
and the Hub now has its first tenants. sectors to consider challenges associated
with how Noosa can manage the success it
• Council adopted an Economic Development has achieved in becoming a premier tourism
Grants Policy in November 2017 and provided destination. The Group met three times during
grants in support of programs that will achieve 2017/18.
the outcomes of the Local Economic Plan.
• Council awarded management rights for the
• Council continued to work closely with Tourism Cooroy RV Stopover to the Cooroy Chamber
Noosa and entered into a new funding of Commerce for a 3-year term. The ongoing
agreement which provides funding for 3 years activation of the Cooroy RV Stopover will assist
with a further 2-year option. Council worked the local Cooroy economy.
closely with Tourism Noosa on the development
of its Noosa Tourism Strategy 2017 - 2022. • Council continued to successfully implement its
This strategy includes a focus on “value over Local Economic Plan. Unemployment rates in
volume” in relation to tourism so that the focus Noosa continue to be at historic lows – Noosa
is on yield per visitor rather than simply more 4.5%, compared to the balance of the Sunshine
visitor numbers. As a separate but related Coast, 5.1% and Queensland, 6.0%.
issue, Council adopted the Noosa Main Beach
Events Policy which prescribed a limit on the • Council co-funded an Innovation Masterclass
number of events to be held annually on Noosa for 14 local businesses to develop local
Main Beach. business capacity.
• Council continued to work closely with Regional
Development Australia (Sunshine Coast) on
a range of projects including a successful
entrepreneurship program.
Page 12 | 2017-2018 Annual Report
Section 13
Corporate Plan Theme 4: Long term planning for
Noosa Shire
“Noosa Shire is well managed and sustainable”
• Council undertook significant work on the management exercises to train our staff. Our long
development of the new Planning Scheme during serving Local Disaster Co-ordinator stepped down
2017/18. Council adopted the New Noosa Plan from the role on 30 June 2018 and was replaced
in May 2018 for the purpose of the State interest by Council’s Director Infrastructure Services.
review step of the new plan making process. We Council also adopted the Noosa Local Recovery
have undertaken a large range of studies and Sub-plan 2018 to guide recovery processes in the
assessments to support the development of the event that a major disaster occurs.
scheme including:
• Council completed the Six Mile Creek Flood
• Agriculture & Agricultural Land in Noosa Shire; Study after extensive consultation with the Lake
• Biodiversity Assessment Report; Macdonald Drive Community Reference Group.
• Centres Hierarchy;
• Council began implementation of its Transport
• Extractive Resources & Minerals; Policy and Transport Strategy. We have begun
• Flood Management; to work with some local schools on Walk/Ride
• Housing Needs Assessment; to School programs. Extensive research has
• Landslip Hazard Report; also been undertaken on the other four priorities
identified in the Strategy including parking studies,
• Nature-based Tourism Review;
negotiations with Translink etc.
• Noosa Open Space Study;
• On-site Effluent Disposal; • Council provided a charging station for electric
• Urban Design Locality Summary Report; and vehicles at Cooroy as its contribution to the State
Government’s Electric Super Highway stretching
• Waterways Assessment Study.
from the Gold Coast to Cairns.
• Council was able to provide significant input into
the ongoing development of the draft South-East • Council adopted a Strategic Asset Management
Queensland Regional Plan. The Plan, which was Plan in September 2017. That Plan set the
adopted in August 2017, resulted in recognition framework for the adoption of more detailed Asset
of Noosa’s planning approach. There was no Management Plans. To date, detailed asset
expansion of the urban footprint which is a good management plans have been adopted for the
outcome for the Noosa community. Noosa Main Beach Sand Recycling System and
the Noosa Aquatic Centre.
• Council undertook a significant review of our
infrastructure plans to enable us to meet new • Council developed its first 5-year Capital Program
legislative requirements for the imposition of allowing for a longer planning horizon for capital
contributions from developers towards the cost of projects. Our Infrastructure Planning, Design
infrastructure. This included the adoption of a suite and Delivery team now have future projects they
of plans such as the Transport Network Plan as can plan for. In addition, our teams delivered a
required for the Local Government Infrastructure significant number of capital projects including:
Plan (LGIP). We were one of the first Councils • Weyba Road, Noosaville;
in Queensland to develop a LGIP under the new
legislation which was adopted by Council in May • Donnellys Road, Ridgewood;
2018. • Poinciana Avenue, Tewantin; and
• Major reseal program with 11.8 km of roads
• Council undertook a review of our Local Laws either resealed, rehabilitated or spray sealed.
and Subordinate Local Laws focusing particularly
• Council was successful in securing grant funding
on Local Law 1 (Administration) and Local Law 2
to replace a number of bridges including the Mary
(Animal Management). Council also established
River Road Bridge in Cooroy and the Noosa Road
a new Local Law (Local Law 7) dealing with waste
Bridge in Cooran. Tenders have been awarded
management on the basis that the State was
for these two bridges with the tender for the third
going to remove the legislative power on which
bridge at Orealla Crescent, Sunrise Beach to be
local governments regulated commercial waste
undertaken in 2018/19.
collection.
• Council adopted its Signage Policy in August
• Council adopted an updated Noosa Local Disaster
2017. This provides for a more uniform and
Management Plan that guides our responses to
consistent approach to Council signage noting the
natural disasters. Council has also undertaken
importance of the Noosa “look and feel” as set out
considerable work in developing our response to
in our Noosa Design Principles.
natural disasters including undertaking disaster
2017-2018 Annual Report | Page 13
Section 14
Corporate Plan Theme 5: Excellence as a Council
“The Noosa Shire community is proud of its Council”
• Council undertook its first detailed community • We continued to focus on good governance
satisfaction survey that was reported to Council practices and adopted or updated a range of
in August 2017. The Survey was undertaken by polices in support of that goal. These included:
an independent professional survey firm (Market • Administrative Action Complaints Process;
Facts) and identified that Council was achieving
a community satisfaction score significantly • Audit and Risk Committee Charter;
above comparable Councils in almost all service • Councillors’ Expense Reimbursement
categories. Policy;
• 76.4% of respondents viewed Council’s • Internal Audit Policy and Terms of
overall performance as good and very good; Reference;
• Local Law Making Process; and
• Top performing services were Waste
Management, Customer Service, Disaster • Public Interest Disclosure Policy and
Management, Community Safety, Procedure.
Management and Supervisory Officers, • The transformation of our Workplace Health
Quality of Elected Council and Financial and Safety performance has been significant.
Management; and We recently undertook an external audit of
• Areas for improvement included Parking, our WH&S Systems and achieved a score of
Facilities, Economic Development/ 74% (up from 19% three years ago). We have
Local Employment, Road Maintenance, transitioned from one of the worst performing
responding to the Community, Road local governments of our size to one of the best
Construction, and Providing Leadership and performing local governments of our size.
Advocacy. • The Audit and Risk Committee has continued to
• Council has successfully achieved another add value to our compliance and performance
unmodified audit from the Queensland Audit for governance and finance. This has included
Office. an oversight of our strategic risks, review of
key governance and financial policies, review
• Council continued to look at ways in which of organisational KPIs, and development of
we can improve services. One of the most Business Continuity Planning. Council’s Internal
important steps this year was the development Audit Program included internal audits on:
of a Level of Service catalogue that was adopted
as part of our 2018/19 budget process. This • Bank reconciliations;
is the first time that Council has had service- • Rates and utility charges; and
by-service details of what is provided, costs, • Insurance strategy and insurance renewal
response times, benchmarking etc. processes.
The following statistics outline some of our day to day activities for 2017/18:
Number of visitors to:
Noosa Aquatic Centre 242,922
The J 85,089
Noosa Leisure Centre 109,108
Number of clients serviced at Noosa Community Support 2,681 clients
Number of physical items issued by our Libraries 744,051
Number of domestic bin collections 1,518,164 general waste bins
740,725 recycling bins
360,312 garden bins
Number of customer visits to the Waste Disposal facilities 131,000
Number of transactions by our frontline customer service team 100,232
Number of development applications and percentage approved 503 applications - 98.5% approved
(incl. tree removal applications on private land)
Number of rate notices issued 63,354
Length of road resurfaced in 2017/18 11.8km
Length of road serviced by street sweeper 11,678 km
Number of requests regarding trees on public land 1,973
Page 14 | 2017-2018 Annual Report
Section 15
2017-2018 Annual Report | Page 15
- A PMR ENO AW Ra ANA A AS 5 -* ® ~ ~F 7-\. . 7a » = - _ et 2
LA OT S\N ee RR ON oo iy eReader
5 1 1 1 3 2 697 68 102 35 0 FE
5 1 1 1 3 3 1012 45 39 64 46 it
5 1 1 1 3 4 1080 45 125 70 6 aN
5 1 1 1 3 5 1230 35 175 66 53 RN
5 1 1 1 3 6 1443 64 11 18 0 ‘
5 1 1 1 3 7 2550 64 55 23 12 pe
5 1 1 1 3 8 2635 48 124 37 12 Nie
5 1 1 1 3 9 2789 56 31 11 18 ae
5 1 1 1 3 10 2862 31 36 51 44 a
5 1 1 1 3 11 3119 49 32 28 37 ii
5 1 1 1 3 12 3274 42 148 29 12 Sie
4 1 1 1 4 0 501 72 2966 78 -1
5 1 1 1 4 1 501 104 39 21 68 4
5 1 1 1 4 2 706 83 73 57 28 AE
5 1 1 1 4 3 834 78 202 72 39 AN.
5 1 1 1 4 4 1091 89 74 37 57 AER
5 1 1 1 4 5 1186 74 250 60 34 AAS
5 1 1 1 4 6 2580 72 99 34 5 Se
5 1 1 1 4 7 2757 37 88 87 23 lags
5 1 1 1 4 8 2880 82 99 23 6 aN
5 1 1 1 4 9 3246 100 2 2 69 |
5 1 1 1 4 10 3438 96 29 5 16 1,
4 1 1 1 5 0 520 93 2450 115 -1
5 1 1 1 5 1 520 121 24 33 10 s
5 1 1 1 5 2 729 93 240 93 0 Lie!)
5 1 1 1 5 3 1176 116 88 60 37 Qs
5 1 1 1 5 4 1280 107 201 63 58 SN
5 1 1 1 5 5 2586 101 242 63 23 Gee
5 1 1 1 5 6 3433 102 37 40 32 Be
4 1 1 1 6 0 738 139 2688 98 -1
5 1 1 1 6 1 738 139 352 98 41 LN
5 1 1 1 6 2 1202 165 75 59 43 NN
5 1 1 1 6 3 2666 155 198 44 44 cer
5 1 1 1 6 4 3088 153 52 41 78 %
5 1 1 1 6 5 3366 150 143 44 20 eo,
4 1 1 1 7 0 501 182 3008 120 -1
5 1 1 1 7 1 537 240 10 9 0
yi) Ys ANN i AY \ NaN aa 7 sid SS Seeger =
4 1 1 1 8 0 264 227 3226 52 -1
5 1 1 1 8 1 264 261 4 8 0 ‘
5 1 1 1 8 2 470 273 26 6 5 mee
5 1 1 1 8 3 884 247 106 29 3 ee)
5 1 1 1 8 4 1102 247 3 18 48 HA
5 1 1 1 8 5 1192 247 15 27 30 A
5 1 1 1 8 6 1232 246 23 12 30 VIN
5 1 1 1 8 7 1285 244 187 29 60 RRS)
5 1 1 1 8 8 1522 261 16 7 32 cc
5 1 1 1 8 9 2605 235 19 13 33 a
5 1 1 1 8 10 2790 250 2 3 0 ;
5 1 1 1 8 11 3054 246 16 7 13 ?
5 1 1 1 8 12 3293 228 49 24 47 See}
5 1 1 1 8 13 3456 227 34 39 13 Be
4 1 1 1 9 0 540 218 2966 140 -1
5 1 1 1 9 1 540 286 419 55 38 fe
5 1 1 1 9 2 970 218 138 140 40 a
5 1 1 1 9 3 1130 248 369 94 23 ON
5 1 1 1 9 4 2464 297 35 14 40 2
5 1 1 1 9 5 2760 285 169 33 43 —
5 1 1 1 9 6 3073 297 4 5 16 @4
5 1 1 1 9 7 3472 279 34 43 37 ee
4 1 1 1 10 0 656 307 2785 76 -1
5 1 1 1 10 1 588 344 44 28 13 pie
5 1 1 1 10 2 984 337 64 33 35 Leg
5 1 1 1 10 3 1066 336 94 36 28 VN
5 1 1 1 10 4 1181 342 13 6 38 Wit
5 1 1 1 10 5 1232 335 54 38 31 Wt)
5 1 1 1 10 6 1292 326 19 38 31 ))
5 1 1 1 10 7 1441 321 48 48 28 aay
5 1 1 1 10 8 1597 339 46 23 0 “s
5 1 1 1 10 9 2411 329 7 4 11 A
5 1 1 1 10 10 2728 307 31 57 92 €
5 1 1 1 10 11 2859 353 3 2 5 7
5 1 1 1 10 12 3077 317 49 29 31 Bays)
5 1 1 1 10 13 3191 333 7 11 47 Ly
5 1 1 1 10 14 3330 346 9 2 28 Ree
5 1 1 1 10 15 3425 325 67 25 27 PS
4 1 1 1 11 0 572 331 2916 69 -1
5 1 1 1 11 1 572 368 9 32 18 5.
5 1 1 1 11 2 853 373 2 2 26 :
5 1 1 1 11 3 1014 352 33 44 27 Z|
5 1 1 1 11 4 1075 357 68 37 0 yj)
5 1 1 1 11 5 1187 365 14 17 44 Nh
5 1 1 1 11 6 1332 367 3 2 71 1
5 1 1 1 11 7 2847 355 3 1 25 ;
5 1 1 1 11 8 3094 351 86 20 0 ABIL
5 1 1 1 11 9 3414 362 18 4 56 “A
5 1 1 1 11 10 3465 331 23 52 40 af
4 1 1 1 12 0 24 369 3463 55 -1
5 1 1 1 12 1 24 397 9 9 22 .
5 1 1 1 12 2 462 417 2 3 41 ,
5 1 1 1 12 3 522 399 86 21 18 aa.
5 1 1 1 12 4 683 396 18 21 25 oy
5 1 1 1 12 5 709 392 12 33 0 .
5 1 1 1 12 6 743 400 38 15 35 ee
5 1 1 1 12 7 956 405 3 1 6 _
5 1 1 1 12 8 1107 391 38 24 34 We
5 1 1 1 12 9 1190 387 40 27 50 Lp!
5 1 1 1 12 10 1343 396 2 5 79 |
5 1 1 1 12 11 1538 369 38 55 13 a
5 1 1 1 12 12 1591 400 9 10 23 v
5 1 1 1 12 13 2548 399 8 7 60 4
5 1 1 1 12 14 2616 389 32 15 36 Pd
5 1 1 1 12 15 2836 393 12 5 21 7
5 1 1 1 12 16 3199 371 11 8 19 7
5 1 1 1 12 17 3319 391 2 3 14 5
5 1 1 1 12 18 3437 373 50 22 56 er
4 1 1 1 13 0 454 400 3055 57 -1
5 1 1 1 13 1 454 407 26 50 10 ga
5 1 1 1 13 2 593 423 21 20 26 _
5 1 1 1 13 3 943 422 59 18 20 7
5 1 1 1 13 4 1082 419 17 20 28 EEA
5 1 1 1 13 5 1129 416 60 19 17 flys
5 1 1 1 13 6 1521 400 30 50 14 if
5 1 1 1 13 7 2545 405 57 23 33 4
5 1 1 1 13 8 2924 402 26 15 40 y
5 1 1 1 13 9 3319 400 18 6 0 2
5 1 1 1 13 10 3446 400 63 18 34 oy
4 1 1 1 14 0 469 457 3022 118 -1
5 1 1 1 14 1 469 523 4 18 2 :
5 1 1 1 14 2 1457 484 453 63 35 et
5 1 1 1 14 3 2504 479 519 96 0 (\\-
5 1 1 1 14 4 3216 457 245 84 46 ge
4 1 1 1 15 0 231 527 3131 68 -1
5 1 1 1 15 1 231 559 24 21 0 <]
5 1 1 1 15 2 466 552 1 14 70 i
5 1 1 1 15 3 721 560 4 2 71 -
5 1 1 1 15 4 1023 543 22 28 45 oh
5 1 1 1 15 5 1833 546 9 18 50 jf
5 1 1 1 15 6 1890 538 43 29 17 Ps
5 1 1 1 15 7 2411 537 35 58 73 /
5 1 1 1 15 8 2467 540 16 24 57 AS
5 1 1 1 15 9 2514 537 34 30 41 AN
5 1 1 1 15 10 2877 527 34 34 25 ae
5 1 1 1 15 11 2965 532 19 24 40 oe
5 1 1 1 15 12 3195 527 35 31 36 us
5 1 1 1 15 13 3360 540 2 2 0
dt ‘ | a “A ‘ 4 As ay i —< er 2 J af
a | = . a beh, . the. i tare :
4 | 5 1 1 1 18 4 984 632 7 7 0 y
5 1 1 1 18 5 1090 641 2 2 0 _
5 1 1 1 18 6 1267 636 1 5 0 ;
5 1 1 1 18 7 1481 638 6 1 9 _
5 1 1 1 18 8 2447 614 14 3 0 -
5 1 1 1 18 9 2878 626 2 3 0 \
5 1 1 1 18 10 2970 618 6 2 0 -
5 1 1 1 18 11 3144 624 2 3 46 .
5 1 1 1 18 12 3272 618 9 8 0 e
4 1 1 1 19 0 836 663 2502 77 -1
5 1 1 1 19 1 836 672 148 68 12 CS
5 1 1 1 19 2 2323 669 70 19 9 aes
5 1 1 1 19 3 3042 661 30 22 0 |
5 1 1 1 19 4 3102 663 6 5 34 ed
5 1 1 1 19 5 3204 677 3 4 59 :
5 1 1 1 19 6 3330 678 8 4 0 -
4 1 1 1 20 0 1188 685 2303 32 -1
5 1 1 1 20 1 1188 707 5 4 0 Z
5 1 1 1 20 2 2576 704 51 13 7 itis
5 1 1 1 20 3 2656 689 31 27 27 ZB
5 1 1 1 20 4 2836 687 82 27 16 I
5 1 1 1 20 5 2937 687 88 6 14 PON
5 1 1 1 20 6 3041 674 15 44 14 \
5 1 1 1 20 7 3057 685 26 17 43 a
5 1 1 1 20 8 3215 687 127 19 9 yy
5 1 1 1 20 9 3370 704 8 1 38 eee
5 1 1 1 20 10 3423 704 68 8 27 ae
4 1 1 1 21 0 2185 683 1321 81 -1
5 1 1 1 21 1 2185 745 7 5 5 ,
5 1 1 1 21 2 2606 720 13 4 47 4
5 1 1 1 21 3 2736 683 60 70 40 4
5 1 1 1 21 4 2843 706 42 40 38 We
5 1 1 1 21 5 2919 691 88 73 25 Tg
5 1 1 1 21 6 3026 683 28 39 23 >
5 1 1 1 21 7 3196 726 17 4 39 es
5 1 1 1 21 8 3378 729 14 7 49 er
5 1 1 1 21 9 3499 737 7 4 0 :
4 1 1 1 22 0 2132 729 1377 56 -1
5 1 1 1 22 1 2132 751 52 28 42 a
5 1 1 1 22 2 2733 753 4 6 47 f
5 1 1 1 22 3 2842 748 17 19 21 V4
5 1 1 1 22 4 2861 734 64 51 57 “Sh
5 1 1 1 22 5 2963 769 7 10 0 ;
5 1 1 1 22 6 3033 744 19 22 1 W,
5 1 1 1 22 7 3109 730 52 51 26 Fes
5 1 1 1 22 8 3199 729 19 47 21 Ri
5 1 1 1 22 9 3232 741 15 44 22 x.
5 1 1 1 22 10 3309 740 15 40 0 f
5 1 1 1 22 11 3340 756 2 2 50 f
5 1 1 1 22 12 3364 734 45 50 13 oo
5 1 1 1 22 13 3474 745 35 12 26 reas
4 1 1 1 23 0 627 777 2864 56 -1
5 1 1 1 23 1 627 830 3 3 7 “
5 1 1 1 23 2 2094 792 11 6 83 A
5 1 1 1 23 3 2371 816 7 3 12 3
5 1 1 1 23 4 2693 806 12 9 0 y
5 1 1 1 23 5 2846 781 59 29 5 en
5 1 1 1 23 6 3045 777 116 29 9 Bee
5 1 1 1 23 7 3225 777 61 33 17 Fe
5 1 1 1 23 8 3304 779 51 27 15 Doth
5 1 1 1 23 9 3437 781 54 29 24 ae
4 1 1 1 24 0 358 790 3081 96 -1
5 1 1 1 24 1 358 838 6 6 0 .
5 1 1 1 24 2 652 834 2 2 21 ee
5 1 1 1 24 3 1991 807 87 43 0 -
5 1 1 1 24 4 2292 798 123 69 42 LE
5 1 1 1 24 5 2647 817 44 18 42 ZZ
5 1 1 1 24 6 2826 803 379 83 42 eee
5 1 1 1 24 7 3219 790 140 55 33 Pe
5 1 1 1 24 8 3393 794 112 53 31 cane
4 1 1 1 25 0 0 948 3466 141 -1
5 1 1 1 25 1 0 993 104 96 24 ay
5 1 1 1 25 2 547 980 20 31 53 é
5 1 1 1 25 3 644 992 48 63 18 a
5 1 1 1 25 4 761 981 17 55 0 ’
5 1 1 1 25 5 1598 996 14 16 0 .
5 1 1 1 25 6 2194 970 155 35 27 O50
5 1 1 1 25 7 2806 951 311 52 0 PREIS
5 1 1 1 25 8 3121 953 87 44 0 TIRE
5 1 1 1 25 9 3284 946 89 51 0 INO
4 1 1 1 26 0 453 995 2980 56 -1
5 1 1 1 26 1 482 1013 29 57 10 va
5 1 1 1 26 2 544 1047 29 10 22 a
5 1 1 1 26 3 1595 1028 46 17 25 eS
5 1 1 1 26 4 2430 1009 47 33 20 a
5 1 1 1 26 5 2790 1002 122 32 26 Son
5 1 1 1 26 6 2942 999 145 40 15 eae
5 1 1 1 26 7 3120 995 126 41 10 OSes
5 1 1 1 26 8 3392 996 41 35 58 F
4 1 1 1 27 0 56 1019 3450 79 -1
5 1 1 1 27 1 56 1065 4 2 4 '
5 1 1 1 27 2 455 1047 128 47 16 De
5 1 1 1 27 3 672 1058 8 4 31 pee
5 1 1 1 27 4 1464 1045 90 46 31 ke
5 1 1 1 27 5 1685 1058 26 29 0 <
5 1 1 1 27 6 2252 1043 86 39 54 Sy
5 1 1 1 27 7 2387 1030 86 52 66 NS
5 1 1 1 27 8 2529 1042 79 56 68 ~
5 1 1 1 27 9 2794 1035 96 23 3 eeu
5 1 1 1 27 10 2987 1019 192 64 28 NS
5 1 1 1 27 11 3231 1037 10 31 31 RoR
5 1 1 1 27 12 3335 1040 7 23 6 ast
5 1 1 1 27 13 3394 1043 1 23 31 =
5 1 1 1 27 14 3415 1033 91 34 23 eR
4 1 1 1 28 0 520 1057 2967 77 -1
5 1 1 1 28 1 520 1096 96 13 31 ee
5 1 1 1 28 2 711 1114 80 7 28 Bec
5 1 1 1 28 3 1263 1107 16 22 33 NGS.
5 1 1 1 28 4 1420 1087 118 34 0 eran
5 1 1 1 28 5 1715 1067 16 50 37 \
5 1 1 1 28 6 2255 1077 218 45 9 Spe
5 1 1 1 28 7 2608 1098 14 11 41 <
5 1 1 1 28 8 2792 1065 272 50 7 Beare
5 1 1 1 28 9 2972 1061 35 69 30 a
5 1 1 1 28 10 3086 1088 12 16 24 se
5 1 1 1 28 11 3181 1077 29 27 8 ere
5 1 1 1 28 12 3235 1053 34 68 15 Se
5 1 1 1 28 13 3352 1069 14 16 37 Be
5 1 1 1 28 14 3398 1063 89 71 25 core
4 1 1 1 29 0 145 1102 3364 65 -1
5 1 1 1 29 1 145 1134 16 33 60 fi
5 1 1 1 29 2 207 1134 12 19 46 CY
5 1 1 1 29 3 383 1133 44 23 9 Dal
5 1 1 1 29 4 444 1129 5 2 18 a
5 1 1 1 29 5 486 1153 1 3 0
eA ; Fes ere oa Be ee \ Vf 4 AN y / SI wo Lec i = 7k | — Sr ee
— A = Pe ta a Ud ye, NOS ce eee
. es >. 2 Sates Gey exodus ray Yar ame Wie GP SN See Aen
\ CUES ee Ae Ales oo et : Ps 3 ae @ ? : ~ ue ats: f ; ? j
: tes es Be Leh hes ie Ne Rd ese aS BSS. CER ARY \e ee REN
, a = Tap PG Ciok le tex aS ee, <~$aye5 : Ss > re ne | io IG eS \ “
~~ 2 a8 ue Oe Si at ye sas RSD OE: ESVes a EVE ” SES Og aes ie
by : y ie BSE > Pe Y, < » M Se Ree
a : S , OE ASSES Be OY Mercer's } (Se es 7 TREE ESR
aes F : 3 hy 5 = Se “ae by ‘ a — , < . 3 S e FP Na a .
Te. 5 eT ee EE po Seen ee Rt = ISU ZTFG ASL : NN ae Se
Se . Ae Pt Mee eal 6 a MRL, SED Whe Sng oe OF NES .
a Y Sn Oe en POS ar Ran SR hs Saar wes Oe Jasin lage Sees: an
Mente oo Ml ee re ee ONG en Oi Be ao
ee yo a a SC Ome ete Nao we
, ; 120, ak ston (Gti 4 3 aa e's eos EON SE oa Ie y yZ 9) Ba ir, = ayy > a \ Mn > os
Vo Drs rs Ate WA ge Di ees : ae i jaa bs i wy, we . S Sa Fi . . pee
A , 7 omuaeaete Wea Waoas Yh ; Pel a Oe . ; VIN one 2 ee nae
S ‘ yee Vea oh ae Seis, Ve (i ae <a SD Pee ee fe" on i re S<azd Vi iu x) 2 VA ; , ~~ a)
ie | ey a load UG) te SS Ry re . s Ga; nie \ : aaa lS Bee
3 a ay 5 <a A remeber 2 i : SRR OUGAN: es Shep D Owe ay > AO PS
; Ry ye ae hn Veen eines ace 4 ee a! ae t / lee . . AA Lai
e a jes BSA ee p — os fog p e hs D4 ae oe NS my a : Y > AY x We, Ss pe eee
) ee: wi Rio) cle, aa a eae ae eee Cea : BS 4 = Sie. i > 2 1; ie vy e 5 ‘ake nabs a es
Pee Os en ’ Yer ae ae .& 1 De = % & en
<a ree? a See i co Tepe 4 Ge ’ ye fle eS ge B vr Vp AG Oh) aS = . \ Hey , | )
fee Se ter ee RY te ae S LGD ea NS lyre \ SASS, eee Y
ee tF : Fs fi | ) Sere es ( (Q7, rah a y AE Pann i , , x M e< as ». Ee 5 | la | Ja 7 “ sh P
6e F; Pa é nae. ea a SIS (Se es Bn LH , BY) we SS ty. é ‘ty aS ow, BSD) Sr
ai Ae? lee mae 3S TE OE Oe, ROSE ed) ye
: ee en Di Py Ps SPS es a ‘al ge Sad ay ey Ves E
, ; ie O7-e yo ee. Qe) 7 RE Pe ie 8 Sa Ae
Bes —— EA Pe, EES Yas Se) LP oe
“i Aas soe || Ue NS = E> € Yn a db Nig Col ip, MeN
2 ee RY eee she | Wes ES Fp eS SI oR Nance Lorep yee iP
tee 2 al fin WO lee WF aAS ‘ L ease Se ae BS ewe ee |
: 3 | 1 /} . “sh ‘= SS \ ret) < ¥ * BS RN es VJ Ayer |
x , Sa ee ~ Ne SS . , eR ‘ ah { ss
{ i ; = wr 6 SG.
; ¢ ‘ J Ab ‘| 4 ] , eds a A] ee ; 1 V x ; e a a : . pO Ves 4 : |
r ee ee an AE aa mma 4 i a er nS es Row :; SC Qi y re. mite) > s
ey eck Keer - _— — ae (am tes Uy | - 4 u > ” Y 1G , c “NR : > ‘ yASection 16
Reportable Disclosures
Information relating to Councillors
Remuneration The LG Act does however allow a local government
to take part in a superannuation scheme for its
Councillor remuneration is set by the independent Councillors and Council on 20 January 2014
Local Government Remuneration and Discipline authorised the payment of superannuation
Tribunal established under the Local Government contributions for Councillors of up to 12% of their
Act 2009 (LG Act). The Tribunal determines annual salary on the condition that Councillors:
remuneration for Mayors, Deputy Mayors and
Councillors and releases a report in December each • Contribute an amount of up to 6% from their
salaries and Council contributes a proportionate
year which establishes single remuneration levels
amount of up to 12% to a nominated
for the following year. superannuation fund;
The Local Government Remuneration and Discipline • Make contributions through an arrangement by
Tribunal Report 2016 listed Noosa Council as a way of a formal request to Council; and
Category 3 Council, and prescribed the annual rate • Nominate the preferred superannuation fund,
of remuneration for the Mayor and Councillors for and where no nomination has occurred, the
the period 1 July 2017 to 30 June 2018 (the period) superannuation payments be made to LG
as follows: Super.
• Mayor - $125,084; An overview of the remuneration paid to Councillors
for the period is provided in Table 1.
• Deputy Mayor - $78,177; and
• Councillors - $66,450.
In accordance with s244 (3) of the Local
Government Regulation 2012 (LG Regulation), the
remuneration prescribed by the Tribunal cannot
include:
• Any amount for expenses to be paid or facilities
to be provided to a Councillor of a local
government under its expenses reimbursement
policy; or
• Any contribution a local government makes
for a Councillor to a voluntary superannuation
scheme for Councillors established or taken part
in by the local government under s226 of the LG
Act.
Table 1 - Councillor Remuneration
Councillor remuneration for period 1 July 2017 to 30 June 2018
Councillor Salary Superannuation* Total
($) ($) ($)
Cr Tony Wellington (Mayor) 125,084 15,010 140,094
Cr Frank Wilkie (Deputy Mayor) 78,177 9,381 87,558
Cr Joe Jurisevic 66,450 7,974 74,424
Cr Frank Pardon 66,450 7,974 74,424
Cr Jess Glasgow 66,450 7,974 74,424
Cr Ingrid Jackson 66,450 7,974 74,424
Cr Brian Stockwell 66,450 7,974 74,424
Note: amounts rounded to the nearest whole dollar value
*Superannuation shown is Council’s 12% employer contribution
Page 16 | 2017-2018 Annual Report
Section 17
Reportable Council resolutions for the period
The table below outlines the reportable resolutions under the Local Government Regulation for the period.
Table 2 - Reportable Resolutions
Local Government Resolution Adopted
Regulation 2012
Section 250 (1) Nil.
Section 250 (2) Councillors’ Expenses Reimbursement Policy Update
Council note the report by the Governance Advisor to the Services &
Organisation Committee Meeting dated 8 May 2018 and adopt, pursuant
to section 250(2) of the Local Government Regulation 2012, the updated
Councillors’ Expenses Reimbursement Policy.
(Adopted by Council 17 May 2018).
Section 206 (2) Nil.
Note: No resolutions were made during the 2017/18 financial year.
Council’s Non-Current Asset Accounting Policy adopted by Council
resolution on 15 June 2017 (effective from 1 July 2016) includes
recognition thresholds for non-current assets.
Councillors’ expenses and resources provided
The Councillors’ Expenses Reimbursement Policy The categories of expenses and eligibility for
ensures Councillors are provided a reasonable reimbursement as per the Policy for the Period
level of resources and equipment in order to carry include:
out their duties in an effective and efficient manner.
Minor amendments to the Policy were made at • Mandatory professional development;
Council meeting of 17 May 2018. • Professional development & representation
(Mandatory and Discretionary);
The Policy is compliant with the following principles
prescribed by the LG Act: • Travel as required to represent Council;
• Meals when travelling for Council business;
• Transparent and effective processes and
decision-making in the public interest; • Accommodation;
• Good governance of, and by, the local • Private vehicle usage;
government; and • Hospitality;
• Ethical and legal behaviour of Councillors and • Administration tools and access to Council office
local government employees. amenities;
• Safety equipment;
• Council vehicle usage;
• Home office and telecommunication needs; and
• 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.
2017-2018 Annual Report | Page 17
Section 18
Summary of expenses/ reimbursements paid to
Councillors for the period
The reimbursements that were made to Councillors For the period all claimed expenses were processed
for the period were for mandatory and discretionary and fell within the required limits prescribed by the
professional development, hospitality, vehicle use, Policy.
home office and telecommunication, and travel
expenses incurred whilst on Council business. A summary of expenses/ reimbursements to
Councillors for the period is outlined in Table 3
below.
Table 3 - Councillor Expenses 2017/18
Councillor Mandatory Discretionary Use of Home Hospitality Travel Total
Professional Professional private office & ($) expenses ($)
Development Development vehicle telecomms as required
($) ($) (option 1) ($) to represent
($)* Council
($)
Cr Tony Wellington 4,506 0 5,000 2,880 0 0 12,386
Cr Jess Glasgow 0 603 5,000 2,880 0 0 8,483
Cr Ingrid Jackson 0 0 5,000 2,880 0 0 7,880
Cr Joe Jurisevic 0 1,369 5,000 2,880 0 0 9,249
Cr Frank Pardon 0 0 5,000 2,880 0 0 7,880
Cr Brian Stockwell 0 1,326 5,000 2,880 0 0 9,206
Cr Frank Wilkie 566 71 5,000 2,880 0 0 8,516
Note amounts rounded to the nearest whole dollar value
*Under the Councillors’ Expenses Reimbursement Policy, Councillors may elect one of two options regarding private
vehicle reimbursement. Option 1 - Councillors accept an annual payment of $5,000 as reimbursement for the use of
their private vehicle on Council business.
Councillor meeting attendance
The attendance of Councillors at Ordinary meetings, Special meetings and Committees for the period is
outlined in Table 4 below.
Table 4 - Council Meeting Attendance 2017/18
Councillor Ordinary General Planning & Services & Special & Audit & Risk
Meeting Committee Environment Organisation Budgetary Committee
Committee Committee
Total no. of meetings held 12 12 11 11 6 4
Cr Tony Wellington 12 12 11 11 6 3
Cr Jess Glasgow 10 8 2* 6* 6 n/a
Cr Ingrid Jackson 11 11 9 n/a 6 2*
Cr Joe Jurisevic 12 12 7* 2* 6 2*
Cr Frank Pardon 9 9 n/a 7 3 n/a
Cr Brian Stockwell 12 12 10 n/a 6 n/a
Cr Frank Wilkie 12 11 n/a 10 6 n/a
Notes: n/a in the table above indicates that the relevant Councillor is not a representative of the particular Committee.
*Councillor membership on the Planning & Environment Committee, Services & Organisation Committee and Audit &
Risk Committee was altered in April 2018.
Page 18 | 2017-2018 Annual Report
Section 19
Complaints about Councillors
Sections 176 to 182 (inclusive) of the LG Act The Policy establishes:
prescribe the requirements for local governments
for dealing with complaints about the conduct and • The responsibilities of Councillors under the Act;
performance of Councillors so as to ensure that: • The standards of behaviour and ethical
obligations expected of Councillors in Noosa
• Appropriate standards of conduct and Shire; and
performance are maintained; and
• A clear administrative method for handling and
• A Councillor who engages in misconduct or resolving complaints made about the conduct
inappropriate conduct is disciplined. and performance of Councillors in accordance
The Councillor Code of Conduct Policy endorsed by with Division 6 of the LG Act.
Council on 13 January 2014 remained unchanged Table 5 identifies the reportable complaints, orders
for the period. and recommendations against Councillors for the
period.
Table 5 - 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 Act 1
(ii) The number of orders made under s181 of the LG Act. 2
The number of complaints made about the conduct or performance of a Councillor for
(iii) 2
which no further action was taken under s 176C(2) of the LG Act.
The number of complaints referred by the Council CEO to the department’s chief
(iv) Nil
executive under s176C (3)(a)(i) of the LG Act.
The number of complaints referred to the Mayor under s176C (3)(a)(ii) or (b)(i) of the
(v) 2
LG Act.
The number of complaints referred to the department’s chief executive under s 176C
(vi) 2
(4)(a) of the LG Act.
The number of complaints assessed by the Council CEO as being about corrupt
(vii) Nil
conduct under the Crime and Corruption Act.
(viii) The number of complaints heard by a regional conduct review panel. 1
(ix) The number of complaints heard by the tribunal. 1
(x) The number of complaints to which s176C (6) of the LG Act applied. Nil
Note: In accordance with section 181A (1)(2)(3) of the Local Government Act 2009, the public may inspect records
relating to the outcomes of complaints at Council’s Tewantin office.
2017-2018 Annual Report | Page 19
Section 20
Overseas travel Equal opportunity
No official overseas travel was undertaken by employment
Councillors or employees during the period.
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
Executive remuneration aligned to Queensland’s Anti-Discrimination Act
1991 and relevant federal anti-discrimination laws.
Under the LG Act, the annual report of a local
government must state the total remuneration Council recognises the importance workforce
packages that were payable during the reporting diversity and promotes a working environment
period to its senior management, and the number where people are treated on their merits at every
of employees in senior management who are being stage of their employment.
paid each of the total remuneration packages.
At Noosa Council, all employees are encouraged to
The senior management of a local government embrace equity and diversity at all levels within the
consists of the chief executive officer and all senior organisation. The Noosa Council Employee Code
executive employees of the local government. A of Conduct reinforces the standards of behaviours
senior executive employee is an employee who required of employees including non-discriminatory
reports directly to the chief executive officer and workplace practices.
whose position would ordinarily be considered to be
a senior position in the corporate structure. Council will continue to strive to build a workforce
and supporting organisational culture that reflects
The total of remuneration packages payable the diversity of the greater community and is free of
to senior management during the period was all forms of discrimination and harassment.
$1,235,296.
The annual package bands for Council’s senior
management team are outlined in Table 6 below.
Table 6 - Executive Remuneration
Package Band Number of senior
management
employees
$100,000 - $200,000 5
$200,001 - $300,000 1
Page 20 | 2017-2018 Annual Report
Section 21
Administrative action complaints
Council is committed to managing customer On 21 June 2018, the Administrative Action
feedback and ensuring all complaints are dealt with Complaints Process Policy was amended and an
in a fair, prompt and confidential manner. Council Administrative Action Complaint Procedure was
aspires to provide a level of service that does not adopted. The new policy provides further details
attract complaints. However, Council acknowledges around:
the public’s right to provide feedback on services,
including the right to lodge a complaint about a • The intended outcome of the policy;
decision or other action Council has taken, or failed • Legislative requirements;
to take, where considered appropriate to do so. • Analysis and reporting requirements;
Council’s Administrative Action Complaints Policy • The available review process with greater
has been developed to ensure: flexibility in terms of who can undertake a
review; and
• Complaints are handled in a structured,
timely and professional manner which is fair, • Various roles and responsibilities.
considerate and respectful of privacy; A copy of the Council’s current Administrative Action
• All staff members are aware of their Complaints Process Policy and Procedure can be
responsibilities regarding the complaints; and viewed on Council’s website.
• Complaints are used to identify problems and to Table 7 below provides a summary of Administrative
continuously improve the Council’s services.
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 7 - Administrative Action Complaints
Complaint statistics 30 June 2017 to 30 June 2018
Complaints Complaints Complaints Complaints
outstanding received during resolved outstanding
as at 30/06/17 the period during the period as at 30/06/18
6 30 27 3
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.
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; • Backflow Device Register;
• Delegations Register; • On-site Sewerage Facility Register;
• Complaints Register; • Local Laws Register;
• Claims Register; • Regulated Dog Register;
• General Cost Fees and Commercial Charges; • Roads Register;
• Engineering and Environment Fees and • Instrument of Appointments;
Charges;
• Noosa Policy Register;
• Planning and Development Fees and Charges;
• Gifts and Benefits Register;
• Building and Plumbing Fees and Charges;
• Contracts Register; and
• Other Development Fees and Charges;
• Registers of Interests.
• Development Application Register;
2017-2018 Annual Report | Page 21
Section 22
Community grants 2017/18
Council’s Community Grants for the period were managed in accordance with Council’s Community Grants
Policy as endorsed by Council on December 2016. This Policy is to be read in conjunction with any
supporting guidelines for specific funding programs. This Policy does not apply to sponsorship, donations,
advertising, naming rights and service level agreements.
The outcomes of this policy include:
• Providing community organisations and • Providing opportunities for community
individuals (for Regional Arts Development organisations to deliver on Council’s strategic
Funds only) with financial support to meet goals and identified key initiatives (e.g. Noosa
identified community needs; Corporate Plan, Noosa Social Strategy, Local
Economic Plan and Environmental outcomes).
• Building community skills and resilience;
• Developing and maintaining sustainable Table 8 outlines the funds supplied by Council
community infrastructure; through community grants for the period.
• Providing opportunities for community
organisations to leverage Council’s financial
assistance to obtain funding from other sources;
and
Table 8 - Community Grants 2017/18
Community Grant Recipients Funding
Amounts ($)
Regional Arts Development Fund
Mr Ian Richter 1,000.00
Mr Izack Hunt 3,000.00
Ms Gail Hewton 7,500.00
Ms Florence Teillet 7,000.00
Press Gang Printmakers (Auspiced by Noosa Arts and Crafts Assoc. Inc) 1,500.00
Ms Annette Hughes 6,000.00
Miss Lisa Davis 2,695.00
Noosa Long Weekend Festival Inc. 7,000.00
Noosa District Concert Band Inc. 2,000.00
Mrs Tania Nash 5,000.00
Mr Geoffrey Datson 5,000.00
Noosa Arts Theatre Inc. 5,000.00
Ms Anya La Zanya 1,500.00
Pamela Walpole (Art ForARTsake) 2,900.00
Ms Anne Harris 5,000.00
Ms Anne Harris -4,000.00
Mr Stephen Hamacek 3,905.00
Noosa Long Weekend Festival Inc. 7,000.00
- : 69,000.00
Page 22 | 2017-2018 Annual Report
Section 23
Community Grant Recipients Funding
Amounts ($)
Three Year Alliance Agreement
Noosa District Community FM Radio Assn Inc. 7,612.50
Flying Fox Rescue Release Noosa Inc. 7,612.50
Pomona Arts Inc. 7,612.50
Sunshine Butterflies Inc. 7,612.50
Cooroora Historical Society Inc. t/as Noosa Museum 5,075.00
Noosa & District Landcare Group Inc. 15,732.50
Noosa Arts Theatre Inc. 7,612.50
Cooroy-Noosa Genealogical and Historical Research Group Inc. 5,075.00
SunnyKids Inc. (formerly Cooroy Family Support Centre) 5,075.00
Noosa Integrated Catchment Association Inc. 15,732.50
The Salvation Army Property Trust 15,225.00
Country Noosa Inc. 3,045.00
Noosa Community Biosphere Association Inc. 10,657.50
- : 113,680.00
Three Year Alliance Agreement - Emergency Services
Australian Volunteer Coast Guard Association Inc. 10,657.50
LifeFlight Australia Pty Ltd 10,650.00
- : 21,307.50
Water Rebates
Paid directly to eligible not-for-profit organisations 22,447.33
Paid on behalf of 41 eligible not-for-profit organisations 61,489.64
- : 83,936.97
Three Year Halls and Centres Maintenance and Management
Ridgewood Community Hall Assn Inc. 4,344.20
Pomona & District Community House Inc. 17,307.00
Federal Memorial Hall and Community Centre Inc. 4,985.26
Tinbeerwah Hall Inc. 3,080.50
Peregian Beach Community House Inc. 9,251.73
Cooran Memorial School of Arts Inc. 7,286.79
2017-2018 Annual Report | Page 23
Section 24
Community Grant Recipients Funding
Amounts ($)
Pomona Memorial School of Art Hall Inc. 12,380.22
Kin Kin Community Group Inc. 6,045.36
Rotary Club of Noosa Heads Inc. 2,537.50
Cooroy Memorial Hall Association Inc. 12,000.00
- : 79,218.56
Community Project Grants
Zero Emissions Noosa Inc. 3,835.00
Noosa & District Landcare Group Inc. 12,301.20
Women Initiating New Directions Organization Inc. 1,000.00
Noosa A H & I Society Inc. (Noosa Show Society) 4,250.00
Men’s Shed Pomona Inc. 5,021.00
Buddies Refugee Support Group Ltd 1,000.00
Pomona & Cooran Amateur Rugby League Football Club Inc. 3,160.00
Pomona Cooroy and District Australian Football Club Inc. 3,255.00
Noosa Open Studios Inc. 5,000.00
Noosa Strade Bianche Association Inc. 4,000.00
Zonta Club of Noosa Inc. 9,855.40
Australian Volunteer Coast Guard Assoc Inc. 12,997.00
Tewantin Noosa Cricket Club Inc. 15,000.00
Cooran Memorial School of Arts Inc. 7,322.00
Noosa Parks Association Inc. 2,250.00
Noosa Arts and Crafts Assoc. Inc. 3,028.40
Australian Volunteer Coast Guard Association Noosa QF5 6,860.00
Noosa Integrated Catchment Assoc Inc. 2,915.00
Peregian Beach Community House Inc. 8,500.00
Noosa Mens Shed Inc. 5,370.00
Noosa Long Weekend Festival Inc. 6,238.00
Noosa District Rugby League Football Club Inc. 5,000.00
Noosa Integrated Catchment Assoc Inc. 3,000.00
Noosa Triathletes Inc. 1,410.00
Noosa Gymnastics Club Inc. 30,000.00
Page 24 | 2017-2018 Annual Report
Section 25
Community Grant Recipients Funding
Amounts ($)
Noosa Lions Football Club Inc. 4,027.00
Friends of Noosa Botanic Gardens Inc. 2,250.00
Pomona & District Horse & Pony Club Inc. 8,000.00
Flying Fox Rescue Release Noosa Inc. 555.00
Noosa Integrated Catchment Assoc Inc. 2,250.00
Veggie Village Community Gardens Inc. 2,200.00
Noosa Trailblazers Mountain Bike Club Inc. 10,277.28
Noosa Tennis Club Inc. 9,145.00
Noosa Rainbow River Festival auspcied by Noosaville Business Assoc. Inc. 1,500.00
Mary River Catchment Coordination Assoc. Inc. 4,250.00
Noosa International Film Festival Inc. 5,000.00
School Breakfast Suport Group (Scripture Union Qld) 3,961.00
Noosa A H & I Society Inc. (Noosa Show Society) 3,400.00
Lower Mill Board Inc. 1,149.00
Queensland Koala Crusaders Inc. 7,577.90
Anywhere Theatre Festival Ltd 7,500.00
Sunshine Coast Reconciliation Group auspiced by Reconciliation Qld Inc. 2,000.00
Mary River Catchment Coordination Assoc Inc. 3,300.00
Noosa & District Landcare Group Inc. 5,000.00
Wildcare Australia Inc. 1,122.02
United Synergies Ltd 3,000.00
Sunshine Coast Health Network Ltd 1,000.00
Sunshine 60 & Better Group Inc. 1,525.00
The Royal Australian Institute of Architects Ltd 5,000.00
Tewantin Tennis Club Inc. 3,500.00
Community Skate Program 4,000.00
Kin Kin Community Group Inc. 1,550.00
Kin Kin Community Group Inc. 3,230.00
Repayment of Grant by Cooroy Eumund Cricket Club -4,972.00
- : 264,865.20
2017-2018 Annual Report | Page 25
Section 26
Community Grant Recipients Funding
Amounts ($)
Three Year Sports Field Maintenance Agreements
Noosa District Softball Association Inc. 14,371.64
Noosa District Rugby Union Club 14,371.64
Noosa Touch Association 11,497.31
Noosa Australian Football Club Inc. 17,245.97
Tewantin Noosa Cricket Club Inc. 21,557.59
Pomona Cooroy and District Australian Football Club Inc. 8,622.98
Noosa Lions Football Club Inc. 20,120.29
Cooroy Eumundi Cricket Club Inc. 8,622.98
Pomona & Cooran Amateur Rugby League Football Club Inc. 14,371.64
Cooroora United Football Club Inc. 8,622.98
Noosa District Junior Rugby League Football Club Inc. 14,371.39
Noosa District Rugby League Football Club Inc. 11,497.31
- : 165,273.72
Three Year Festive Season Event Grants
Lake Cootharaba Sailing Club Inc. 3,045.00
Cooroy Pomona Lions Club Inc. 2,436.00
Tewantin Noosa Sub Branch Inc. 3,552.50
Tewantin Noosa Lions Club Inc. 10,150.00
Cooroy Chamber of Commerce Inc. 7,105.00
Kin Kin Community Group Inc 1,522.50
Noosa Christian Outreach Centre 8,120.00
Noosa Marina auspiced by Tewantin Noosa Lions Clulb Inc. 5,075.00
East Coast Originals Inc. 3,552.50
- : 44,558.50
Three Year Signature Community Event Grants
Mary River Catchment Coordination Association Inc. - Noosa Festival of Water 8,628.00
Noosa A H & I Society Inc. - Noosa Country Show 10,658.00
Noosa Long Weekend Inc. - Noosa Alive Festival 10,658.00
Cooroy Pomona Lions Club Inc. - King of the Mountain Festival 10,658.00
United Synergies Ltd. - Booin Gari Festival 7,613.00
Cooroy Future Group Inc. - Cooroy Fusion Festival 7,105.00
Noosa Heads Jazz Club Inc. - Noosa Jazz Festival 5,000.00
- : 60,320.00
Page 26 | 2017-2018 Annual Report
Section 27
Community Grant Recipients Funding
Amounts ($)
Economic Development Grants
Innovate Noosa Inc. 750.00
Slow Food Noosa Inc. 750.00
Zero Emissions Noosa Inc. 14,500.00
Generation Innovation Ltd 2,000.00
Noosaville Association Inc. 1,500.00
Country Noosa 5,000.00
Trashy Artisians auspiced by Noosa Chamber of Commerce and Industry Inc. 5,000.00
- : 29,500.00
Sunshine Coast 50th Anniversary Project Grants
Ridgewood Hall 1,600.00
Kin Kin Community Group 2,000.00
Pomona Memorial Hall 2,000.00
Federal Hall 2,000.00
- : 7,600.00
TOTAL EXPENDITURE FOR THE PERIOD: $939,260.45
Notes:
1. The Regional Arts Development Fund grants were funded 50/50 between the Queensland Arts Council and Council.
The above amount is Council’s contribution.
2. Grant repayments relate to funds returned to Council relating to previous grant rounds that were not acquitted.
2017-2018 Annual Report | Page 27
Section 28
Discretionary funds Competitive neutrality
Section 109 of the LG Act, defines discretionary Council’s is committed to ongoing compliance
funds as funds in the local government’s operating with National Competition Policy principles and its
fund that are: legislative obligations in this area. It is committed
to ensuring that its business activities operate on
• Budgeted for community purposes; and a level playing field with private businesses in the
• Allocated by a Councillor at the Councillor’s community.
discretion.
Council ensures that the pricing practices for each
There were no Councillor discretionary funds business activity comply with the principles of
established during the period. full cost pricing such that total revenue, inclusive
of identified and measured community service
Beneficial enterprises obligations and net of any advantages and
disadvantages of public ownership, should aim to
cover the following elements:
Section 39(3) of the LG Act defines a beneficial
enterprise as an enterprise that a local government • Operational and resource costs;
considers is directed to benefiting, and can
• Administration and overhead costs;
reasonably be expected to benefit, the whole or part
of its local government area. • Depreciation;
• Tax and debt equivalents; and
Section 39(4) of the LG Act provides that a local
government is conducting a beneficial enterprise if • Return on capital / return on cost.
the local government is engaging in, or helping, the During the period, there were no investigation
beneficial enterprise. notices provided to Council relating to competitive
Council did not engage in any beneficial enterprises neutrality complaints. Accordingly, The Queensland
during the period. Competition Authority did not make any reportable
recommendations to Council in relation to a
competitive neutrality complaint.
Business activities
A business activity is defined in Schedule 4 of the
LG Act as “the trading in goods and services by the
Services, facilities and
local government”. activities, for which special
Council conducted the following business activities rates/ charges levied
during the period:
Below is a list of Council levies and special charges
• Waste management; and for the period:
• Holiday parks including the Boreen Point
Campground, Noosa North Shore Beachfront • Tourism and Economic Levy;
Caravan Park and Noosa River Holiday Park. • Noosa Waters Lock and Weir Maintenance
Levy;
Significant business activity • Noosa Waters Canal Maintenance Levy;
• Noosa Junction Levy;
In accordance with threshold of expenditure and the
methodology prescribed by s.19 and s. 20 of the LG • Hastings Street Precinct Maintenance Levy;
Regulation, Council’s waste management activity • Noosa Main Beach Maintenance Levy;
was considered a significant business activity for the • Rural Fire Charge;
period.
• Hastings Street Community Safety Program
Charge; and
Commercial business units • Lower Noosa North Shore Electricity Charge.
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.
Page 28 | 2017-2018 Annual Report
Section 29
Summary of concessions for rates and charges
General rate concessions Deferral of general rates
In addition to those classes of land granted a To assist eligible pensioners who have experienced
general rate exemption under s93(3) of the LG Act large increases in the value of their property as
and s73 of the LG Regulation, Council was able to determined by the Department of Natural Resources
grant a general rates concession to land identified and Mines, or who have experienced financial
in s20(1)(b) of the LG Regulation to the extent hardship, Council allows deferment of up to 50% of
that Council was satisfied the land at the relevant the general rate by way of application.
time was owned by an entity whose objects do not
include making a profit, or an entity that provides The deferred rates accumulate as a debt against
assistance or encouragement for arts or cultural the property until it is sold or until the death of the
development and is one of the following: ratepayer.
• Boy Scout or Girl Guide Association; The deferment of general rates applies only to rates
payable with respect to land included in Differential
• Surf Lifesaving or Coastguard organisation; General Rates Categories 1, 6, 7, 8, 9, 10, 11, 12,
• Community sporting organisation – not-for- 13, 14, 15, 28 & 30.
profit organisations without a commercial liquor
licence; To be eligible to defer up to 50% of the general rate
the applicant must:
• Community cultural or arts organisation – not-
for-profit organisations without a commercial • Own and occupy the property; and
liquor licence; or
• Have no overdue rates and charges on the said
• Charitable organisation: property; and
a. Not-for-profit organisation; and • Be the holder of a Pension Concession Card
issued by Centrelink or the Department of
b. Registered as a charity institution or a
Veteran Affairs; or
public benevolent institution; and
• A Repatriation Health (Gold) Card issued by the
c. Providing benefits directly to the
Department of Veteran Affairs; or
community; and
• A Commonwealth Seniors Health Card; or
d. Endorsed by the Australian Tax Office -
Charity Tax Concession. • A Queensland Seniors Card issued by the
Queensland State Government.
The relevant concession for the period for eligible
entities was 100% of the general rate. 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.
2017-2018 Annual Report | Page 29
Section 30
Available pensioner concessions for the period
Single owner on the maximum rate of pension Single owner not 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 Where the pensioner was not in receipt of the
that is their principal place of residence for the maximum level of pension and had sole title to the
period, the concession was 25% of the general rate property that was their principal place of residence
up to a maximum amount of $230.00 per annum. for the period, the concession was 25% of the
general rate up to a maximum amount of $115.00
Joint owner on the maximum rate of pension per annum.
Where the pensioner was in receipt of the maximum Joint owner not on the maximum rate of pension
level of pension and owned the property jointly with
one or more people for the period, the concession Where the pensioner was not in receipt of the
was 25% of the general rate up to a maximum maximum level of pension and owned the property
amount of $180.00 per annum. 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.
Table 9 - 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
Invitations to change Internal Audit
tenders Council recognises the relevance of strengthening
There were no reportable invitations made by governance and control systems through the
Council to change tenders during the 2017/18 establishment of an efficient and effective internal
period. audit function.
Council’s Internal Audit Plan for each financial year
Audit and Risk Committee is developed having regard to current operational
risks and is reviewed and adopted by the Audit
During the period, Council’s Audit and Risk and Risk Committee. Council’s internal audits are
Committee, which consists of two Councillor conducted in accordance with Council’s Internal
members and two expert independent external Audit Terms of Reference and Internal Audit
members, held four formal committee meetings. Policy, the objectives of which include providing
The Audit & Risk Committee played an active role independent, objective assurance and appropriate
as an advisory committee to Council through the services designed to add value and improve
provision of independent comment, advice and Council’s operations.
counsel on audit and risk management issues The Internal Audit activities for the period included a
covering a wide range of Council operations and review of the following:
projects.
• Procure to Pay processes and insurances,
In accordance with Council’s Audit and Risk bank reconciliation, rates and review; and
Committee Charter, a key duty of the Committee
• Investment of Surplus Funds.
is to provide reasonable assurance to Council that
its core business goals and objectives are being The above Audits were completed by specialist
achieved in an efficient and economical manner, external providers. Council has in place a
within an appropriate framework of internal control number of systems and processes to ensure that
and risk management. recommendations resulting from its internal audits
are appropriately actioned and implemented into
The Audit and Risk Committee observed the terms day-to-day operations.
of its Charter for the period and conducted an
annual assessment of its performance.
Page 30 | 2017-2018 Annual Report
Section 31
2017-2018 Annual Report | Page 31
4 * NS k i < ¢ — i = As r : et 3 e
ee poorer ~ < ce ; a Kos: PES S/o
ia Zi > ~ & or e = rn Fe ;
) ‘C : ex Fees
bi a w 3 GS ois i s rs
f = Iw a < S aa >) A =
— eer Cee
a | DB 5 es
- gaat Ces he ian a.
x a ae i ee é ae SS) 2) 3 8 ss iN g Si Bree et en
Ls \_ rey jaa rs = so t e OER ZS:
eee == ay i: = eee
5 hoa Y ate io | . PE Ce
|
5 1 1 1 14 2 742 1070 90 18 44 le
5 1 1 1 14 3 1417 1048 79 52 25 —_—
5 1 1 1 14 4 1543 1048 27 52 0 if
5 1 1 1 14 5 2863 1064 104 33 39 Sa
5 1 1 1 14 6 3015 1078 7 10 28 JG
5 1 1 1 14 7 3058 1078 119 29 0 MCEy
5 1 1 1 14 8 3334 1078 12 8 18 Sg
5 1 1 1 14 9 3388 1079 4 24 27 A
5 1 1 1 14 10 3407 1049 78 58 29 Pome
4 1 1 1 15 0 779 1078 2672 93 -1
5 1 1 1 15 1 779 1087 112 49 63 ay
5 1 1 1 15 2 1538 1108 80 63 37 i
5 1 1 1 15 3 2907 1078 186 63 46 ale
5 1 1 1 15 4 3195 1097 288 54 0 a
4 1 1 1 16 0 1240 1134 2141 41 -1
5 1 1 1 16 1 1240 1141 106 25 20 ye
5 1 1 1 16 2 2832 1139 128 33 0 ox
5 1 1 1 16 3 3091 1134 53 34 0 A
5 1 1 1 16 4 3339 1136 42 17 0 a
4 1 1 1 17 0 727 1105 2781 142 -1
5 1 1 1 17 1 727 1166 86 39 0 ,
5 1 1 1 17 2 991 1105 666 142 0 \\i-eee
5 1 1 1 17 3 2798 1128 506 96 19 eG
4 1 1 1 18 0 664 1217 2633 57 -1
5 1 1 1 18 1 664 1256 12 10 0 -
5 1 1 1 18 2 1066 1255 14 12 0 -
5 1 1 1 18 3 1213 1224 67 50 16 —_—-
5 1 1 1 18 4 1524 1223 83 29 8 ts
5 1 1 1 18 5 1646 1250 41 16 14 fe
5 1 1 1 18 6 1740 1250 41 19 1 atk
5 1 1 1 18 7 2061 1264 3 3 0 ;
5 1 1 1 18 8 2791 1217 7 21 32 |
5 1 1 1 18 9 2840 1223 109 44 22 GE
5 1 1 1 18 10 3211 1217 86 47 33 pee
4 1 1 1 19 0 1059 1263 2429 76 -1
5 1 1 1 19 1 1657 1266 585 73 20 Ss
5 1 1 1 19 2 2624 1267 440 64 43 ee
4 1 1 1 20 0 1068 1304 2440 92 -1
5 1 1 1 20 1 1068 1346 7 5 52 '
5 1 1 1 20 2 1799 1313 123 73 40 ae
5 1 1 1 20 3 2349 1321 35 67 10 o>
5 1 1 1 20 4 2748 1330 315 56 22 Senge
5 1 1 1 20 5 3006 1326 53 70 18 Oe
5 1 1 1 20 6 3115 1304 20 71 0 ,
5 1 1 1 20 7 3199 1338 73 58 34 rs
5 1 1 1 20 8 3443 1332 65 63 13 a
4 1 1 1 21 0 1200 1421 2079 81 -1
5 1 1 1 21 1 1200 1447 18 11 0 -
5 1 1 1 21 2 1692 1421 187 77 0 a.
5 1 1 1 21 3 2936 1442 276 60 42 wen
5 1 1 1 21 4 3424 1433 66 58 20 Ls
4 1 1 1 22 0 1834 1495 1627 59 -1
5 1 1 1 22 1 1909 1499 81 40 39 a
5 1 1 1 22 2 2935 1500 40 45 93 \\
5 1 1 1 22 3 3201 1540 6 14 22 7
5 1 1 1 22 4 3240 1495 221 52 12 ko
4 1 1 1 23 0 712 1545 2736 72 -1
5 1 1 1 23 1 712 1584 8 7 15 7
5 1 1 1 23 2 830 1574 20 17 0 -
5 1 1 1 23 3 1029 1569 53 40 63 —
5 1 1 1 23 4 1836 1553 36 35 34 7
5 1 1 1 23 5 2828 1597 4 2 90 4
5 1 1 1 23 6 3106 1589 16 18 0 ¥
5 1 1 1 23 7 3196 1549 24 68 87 |
5 1 1 1 23 8 3289 1545 24 58 46 2
5 1 1 1 23 9 3444 1591 4 7 0 ]
4 1 1 1 24 0 715 1577 2755 108 -1
5 1 1 1 24 1 715 1636 39 27 0 .
5 1 1 1 24 2 1050 1617 48 28 0 —
5 1 1 1 24 3 1499 1599 56 27 4 0
5 1 1 1 24 4 1651 1588 64 48 44 eee
5 1 1 1 24 5 1871 1600 36 48 2 ae
5 1 1 1 24 6 2846 1602 106 53 42 —
5 1 1 1 24 7 2973 1635 75 12 87 =<
5 1 1 1 24 8 3069 1642 10 6 55 i
5 1 1 1 24 9 3117 1577 180 108 27 Sg
5 1 1 1 24 10 3460 1622 10 16 88 \
4 1 1 1 25 0 741 1656 2747 77 -1
5 1 1 1 25 1 741 1682 49 51 17 =
5 1 1 1 25 2 923 1683 38 30 0 .
5 1 1 1 25 3 995 1671 84 31 36 a
5 1 1 1 25 4 1609 1656 67 38 19 mee
5 1 1 1 25 5 2761 1672 24 49 40 iF
5 1 1 1 25 6 2849 1673 18 8 19 .
5 1 1 1 25 7 2948 1700 96 21 49 SS
5 1 1 1 25 8 3105 1667 69 54 38 sa
5 1 1 1 25 9 3188 1674 52 45 17 Q
5 1 1 1 25 10 3301 1693 41 24 2 *
5 1 1 1 25 11 3459 1698 29 31 9 he
4 1 1 1 26 0 1415 1704 1933 56 -1
5 1 1 1 26 1 1415 1704 43 56 24 ee
5 1 1 1 26 2 1523 1704 56 56 49 ae
5 1 1 1 26 3 2770 1720 17 30 0 ‘
5 1 1 1 26 4 3094 1721 98 44 41 Ser
4 1 1 1 27 0 1222 1734 2264 100 -1
5 1 1 1 27 1 1222 1765 60 60 18 ee
5 1 1 1 27 2 1472 1765 30 60 24 oe
5 1 1 1 27 3 2718 1786 8 1 49 :
5 1 1 1 27 4 2763 1755 112 79 22 ans
5 1 1 1 27 5 2952 1773 41 7 5 Ge
5 1 1 1 27 6 3095 1759 74 62 35 2
) o>.
- , ae We ios
—s > al F en mre ae ~ \ u ee <<" :
¥ <n — iY =) :
& - cs a ~~ Dee 2 a ~~ se
— = ; Zr t N : ine bec 3 ,
~~. - my pn aa ore a Ru ; a
‘ PS Ky ax = a ™. ad ae
a Naat A 2 We ee
. / ‘ : A eee e
Sh ei ES ce pee SE eer fea eeSection 32
Community Financial Report 2017/18
Background
This report aims to simplify the financial information that Council is required to prepare under legislation and
provides a simple summary of Council financial performance for the 2017/18 year just ended (1 July 2017
through to 30 June 2018).
Council’s annual financial statements are prepared to comply with
Australian Accounting Standards, and contain specific information
regarding financial performance.
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 (CFR) consists of five key reporting
elements, each of which has a specific purpose for the measurement
and presentation of Council’s finances. The linkages between the five
key elements are shown in Figure 1.
Figure 1 - Financial Reporting Elements
Highlights and achievements
In line with previous years, Council has achieved a strong financial result for the 2017/18 year. The following
key outcomes were achieved during the period:
1. An operating surplus of $8.5 million resulting from revenue growth in fees and sales, good expenditure
management, grants paid in advance, a reduction in asset depreciation expense as well as some
unspent levy funds that are required to be held for future use.
2. A positive net result when adding Council’s share of Unitywater’s annual profit, capital revenue and
capital income to Council’s operating profit, whilst deducting capital expenses for asset disposal and
valuation impacts.
3. A decrease in debt levels backed by stable cash balances.
Page 32 | 2017-2018 Annual Report
Section 33
Where was the budget spent?
Council spends significant amounts of ratepayer funds providing a range of services to the Noosa
community. A summary of the cost of the services for our major service areas is provided in Figure 2.
Spending on these services (including roads, bridges, parks, community facilities and waste management)
makes up a significant component of Council’s annual budget.
Figure 2 - Operating Cost of Core Council Services 2017/18 ($’000)
$25,000
$20,000
$15,000
$10,000
$5,000
$0
Waste/ Health
Roads/ Bridges/ Drainage
Parks and Reserves
Community Facilities
Libraries/ Galleries
Property/ Holiday Parks
Local Laws
Planning and Environment
Building / Plumbing
Economic Development
Community Development
Community Engagement
Statement of comprehensive income
This statement (also known as the profit and loss) measures how Council performed financially in relation
to funding its operations during the financial year. In simple terms, it summarises how much money was
received by Council and how much was spent in a particular year. Figure 3 summarises Council’s 2017/18
financial performance.
Figure 3 - Council Net Result Financial Performance 2017/18 ($’000)
2016/17 2017/18
($’000) ($’000)
Revenue 106,999 111,793
Expenses 89,875 111,200
Net Result 17,124 593
The 2017/18 net result of $0.6 million includes revenue received specifically to fund capital expenditure
(including grants and subsidies and developer contributions), Council’s share of Unitywater’s annual profit,
income and expenses recognised for property, plant and equipment valuation changes as well as asset
disposals.
The removal of the $7.9 million of non-operational items shows Council’s actual operating surplus to be
$8.5 million.
2017-2018 Annual Report | Page 33
Section 34
Operating revenue – where the money came from
Unitywater
Throughout the financial year, Council received a total of $95.4 million 3%
Grants &
in operating revenues (rates, fees, operating grants), $11.3 million in Other
capital revenues (developer contributions, capital grants) and $5.1 Revenue
6%
million recorded as revenue from Council’s share of investment in
Unitywater. Interest
5%
Figure 4 outlines the sources of Council’s $95.4 million in operating Fees & Charges
revenue received in 2017/18. The breakdown in operating revenue 16%
confirms that Council has significant control over the majority of Rates & Utility
Charges 67%
its income sources, and as a result is not reliant on other levels Other Income
3%
of government or external agencies to maintain its financial
independence.
Key Council revenue sources include:
• Rates and utility charges include general rates, charges Figure 4 - Operating Revenue Sources 2017/18
for waste collection and disposal, special rates such as the
tourism and economic levy as well as other separate and
special rates;
• Fees and charges include a range of regulatory fees and charges as well as revenue from commercial
operations such as holiday parks and waste management;
• Interest revenue includes the return from the investment of available cash; and
• Revenue from other income includes tax payments from Council’s shareholding in Unitywater.
Operating expenditure – where the money goes
Council expended a total of $86.9 million in undertaking operating activities during the financial year. Figure 5
presents a breakdown by expenditure type for normal operating expenditure incurred during 2017/18.
Key Council expenditure sources include:
• Employee benefits - includes staff wages, superannuation, fees
Depreciation
paid to Councillors and other employment costs;
17%
Employee
• Depreciation expenditure – records the consumption of community Benefits
infrastructure assets over their respective useful lives, and Finance &
Other Costs 3% 35%
provides an indication of the level of required expenditure on
the rehabilitation and renewal of existing assets annually. The
revaluation of infrastructure assets during the year has also
impacted the annual depreciation charge; and
• Materials and services – includes information communication Materials &
technology, consultancy services, contractor services, electricity, Services 45%
external hire, rentals, repairs and maintenance, and advertising
and donations.
Figure 5 - Operating Expenses by function 2017/18
Page 34 | 2017-2018 Annual Report
Section 35
Statement of financial position
The statement of financial position (or balance sheet) measures what Council owns (i.e. its assets), and what
we owe (i.e. liabilities) to determine the total community equity (net worth) at the end of each financial year.
Overall, Council’s investment in community capital continue to grow steadily.
Figure 6 - Comparative Statement of Financial Position 2017/18 ($’000)
2016/17 2017/18
($’000) ($’000)
Assets 1,065,002 1,078,927
Liabilities 64,418 62,902
Community Equity 1,000,584 1,016,024
Figure 7 shows Council’s cash and debt holdings as at 30 June 2018 compared to the previous year. Cash
levels have increased marginally, which is reflective of the investment in the substantial capital works
program undertaken during 2017/18. Debt levels have marginally decreased as Council continues to
minimise its debt position.
Figure 7 - Cash and Debt Comparison 2017/18
$70,000
2016/17 ($,000)
$60,000
2017/18 ($,000)
$50,000
$40,000
$30,000
$20,000
$10,000
$0
Cash Debt
2017-2018 Annual Report | Page 35
Section 36
Assets - what we own
Current assets are represented by cash, Work in
investments, inventories and receivables (money Progress
$42,822
owed to Council). Council’s current assets as at 30 Parks &
Land &
Other
June 2018 equated to $75.5 million. Infrastructure
Improvements
$141,746
$54,104
Non-current assets of over $1 billion, includes Stormwater &
property, plant and equipment totalling $867 Drainage Buildings $60,207
$120,142
million, as well as the value of Council’s investment Plant & Equipment
Intangible Assets
in Unitywater. Property, Plant and Equipment $1,913
$9,220
represents community infrastructure which includes
roads, bridges, stormwater, buildings, land and
Roads & Bridges
other operational assets owned and controlled by $441,499
Council. The main non-current asset categories and
their respective values are shown in Figure 8.
Figure 8 - Non-Current Assets and
Community Infrastructure 2017/18 ($’000)
Liabilities – what we owe Statement of changes in
Money owed by Council is presented as both
equity
current and non-current liabilities in the statement The statement of changes in equity illustrates how
of financial position. Current liabilities are those the net worth of Council has changed as a result of
amounts that are payable by Council within the activities undertaken during the period. Council’s
next twelve months, and non-current liabilities are total community equity as at 30 June 2018 is $1.0
payable beyond the twelve month horizon. billion. Community equity is equal to total assets
(what we own) less total liabilities (what we owe)
The most significant element is loans raised by
and represents Council’s net investment in assets.
Council to fund the investment in community
infrastructure. During 2017/18, Council’s total loan
borrowings decreased slightly due to repayments
for the year being greater than the value of new
borrowings.
Page 36 | 2017-2018 Annual Report
Section 37
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 in Figure 9 (columns above
the line represent cash flowing into the organisation, and columns below the line represent cash payments
made).
Key elements to Council’s annual cash flow include:
• Operating activities depicts the net of income received from rates, interest, grants, etc. and payments
made to suppliers and employees;
• 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. A negative outcome here
represents that Council has repaid more loans compared to new borrowings raised; and
• Net movement in cash represents the total physical movement of cash, with any accounting adjustments
and accruals removed. The net negative movement in cash for the year of $1.3 million represents a net
decrease in cash on hand.
Figure 9 - Net Cash Flow Sources 2017/18 ($’000)
$30000
$25000
$20000
$15000
$10000
$5000
$0
$-5000
$-10000
$-15000
$-20000
$-25000
Operating Activities Investing Activities Financing Activities Net Movement in Cash
2017-2018 Annual Report | Page 37
Section 38
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 periodically 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 in Figure 10, including actual results for
the current reporting period plus projections over the next 9 years.
Figure 10 - Financial Ratios 2017/18 (Actual) to 2026/27 (Forecast)
Period ended 30 June 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Sustainability Ratios
Operating Surplus Ratio
Operating Position 13.5% 0.0% 0.1% 0.3% 0.9% 1.0% 1.1% 1.0% 8.6% 2.0%
Local Govt Act upper indicator 10% 10% 10% 10% 10% 10% 10% 10% 10% 10%
Net Financial Liabilities Ratio
Net Financial Liabilities Ratio (12.6)% 1.9% 4.4% 1.6% 0.7% 0.9% 0.1% (2.3)% (2.4)% (3.9)%
Local Govt Act upper indicator 60% 60% 60% 60% 60% 60% 60% 60% 60% 60%
Asset Sustainability Ratio (not audited)
Asset Sustainability Ratio 130.9% 118.4% 109.8% 93.2% 86.0% 94.7% 98.4% 97.5% 103.0% 87.5%
Local Govt Act minimum indicator 90% 90% 90% 90% 90% 90% 90% 90% 90% 90%
Colour Scale: Within Moderate Outside
Range Range
Operating surplus ratio Net financial liabilities ratio
This ratio measures the operating surplus achieved This ratio represents Council’s net financial
for the period and represents the operating surplus liabilities (total liabilities less current assets)
/ (deficit) as a percentage of operating revenue. A expressed as a percentage of total operating
surplus will be represented by a positive result. revenue. The target range is less than 60%. A
negative percentage indicates that current assets
Council’s should be aiming to achieve as a exceed total liabilities, and is considered a very
minimum a balanced operating position to ensure strong position.
that revenues received are sufficient to fund
operations and capital replacement works. The The strong position of (12.6%) as at 30 June 2018
2017/18 operating surplus ratio of 13.5% is a indicates that Council has capacity to service higher
reflection of strong revenue growth along with levels of debt if needed.
good management of our expenditure, partial
prepayment of the 2018/19 financial assistance
grant early in June 2018, revaluation of non-current
asset impacts on depreciation expense, 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.
Page 38 | 2017-2018 Annual Report
Section 39
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
assets to ensure that they meet required levels of service for the community.
Asset Sustainability Ratio – infrastructure Asset Sustainability ratio – all assets (not
assets (audited) audited)
This is the ratio audited by the Queensland When considering the replacement of all assets
Government and specifically excludes the which also includes Council’s investment of $0.8
replacement of non-infrastructure assets such as million in replacing its plant and fleet of vehicles,
Council plant and fleet. During 2017/18 Council a sustainability ratio of 126.4% was achieved for
achieved a ratio of 130.9%. This ratio is reflective of the 2017/18 financial year. This outcome reflects
the efficient delivery of the capital program during Council’s commitment not only to maintaining
the year, including an investment of $18 million in effective levels of service on long life infrastructure
the replacement of infrastructure such as roads, such as roads and bridges, but also on the
bridges and buildings. This result refelcts Council’s machinery and equipment critical to Council’s day-
continued investment in infrastructure replacement to-day operations.
and adherence to sound asset management
principles to maintain levels of service to the
community.
Summary
The financial period ended 30 June 2018 represents an excellent financial result for Council, and provides a
firm foundation for future operations. Ongoing innovation and a commitment to strong financial management
through compliance with our Financial Sustainability policy will ensure that this position is maintained into the
future.
2017-2018 Annual Report | Page 39
Section 40
FINANCIAL STATEMENTS
for the year ended 30 June 2018
2017-2018 Annual Report | Page 40
FINANCIAL STATEMENTS
for the year ended 30 June 2018
ee! NOOSA COUNCIL
a
2017-2018 Annual Report | Page 40Section 41
Noosa Shire Council
Financial Statements
for the year ended 30 June 2018
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 8
2(b) Council Functions - Analysis of Results by Function 9
3 Revenue Analysis 10
4 Grants, Subsidies, Contributions and Donations 12
5 Employee Benefits 13
6 Materials and Services 13
7 Finance Costs 14
8 Capital Expenses 14
9 Cash and Cash Equivalents 15
10 Trade and Other Receivables 16
11 Investment Property 17
12 Property, Plant and Equipment 17
13 Fair Value Measurements 21
14 Intangible Assets 27
15 Trade and Other Payables 27
16 Borrowings 28
17 Provisions 29
18 Asset Revaluation Surplus 31
19 Commitments for Expenditure 32
20 Contingent Liabilities 33
21 Superannuation 34
22 Operating Lease Income 35
23 Equity Investments 36
24 Trust Funds 38
Reconciliation of Net Result for the year to Net Cash
25 38
Inflow (Outflow) from Operating Activities
26 Reconciliation of Liabilities arising from Finance Activities 39
27 Prior Period Adjustments 39
28 Events Occurring After Balance Sheet Date 40
29 Financial Instruments 40
30 National Competition Policy 45
31 Transactions with Related Parties 46
3. Management Certificate 49
4. Independent Auditor's Report 50
5. Current Year Financial Sustainability Statement 52
Certificate of Accuracy - Current Year Financial Sustainability Statement 54
Independent Auditor's Report - Current Year Financial Sustainability Statement 55
6. Long Term Financial Sustainability Statement 57
Certificate of Accuracy - Long Term Financial Sustainability Statement 59
Page 1
Section 42
Noosa Shire Council
Statement of Comprehensive Income
for the year ended 30 June 2018
2018 2017
Notes $'000 $'000
Income from Continuing Operations
Revenue
Recurrent Revenue
Rates, Levies and Charges 3a 64,011 62,531
Fees and Charges 3b 6,113 5,494
Rental Income 3c 1,301 1,337
Interest and Investment Revenue 3c 4,701 4,831
Sales Revenue 3d 9,201 8,604
Other Income 3e 4,064 2,371
Grants, Subsidies, Contributions and Donations 4a 6,052 6,287
Total Recurrent Revenue 95,443 91,455
Capital Revenue
Grants, Subsidies, Contributions and Donations 4b 11,275 9,530
Total Revenue 106,718 100,985
Capital Income 5 - 255
Equity share of profit (loss) in investment in associate through participation
rights 23 5,075 5,759
Total Income (Continuing Operations) 111,793 106,999
Expenses from Continuing Operations
Recurrent Expenses
Employee Benefits 5 30,460 28,849
Materials and Services 6 39,017 37,418
Finance Costs 7 2,329 4,374
Depreciation and Amortisation 15,120 17,671
Total Recurrent Expenses 86,926 88,312
Capital Expenses 8 24,274 1,563
Total Expenses (Continuing Operations) 111,200 89,875
Net Result 593 17,124
Other Comprehensive Income
Items that will not be reclassified to Net Result
Increase/(decrease) in Asset Revaluation Surplus 18 14,847 2,375
Total Other Comprehensive Income 14,847 2,375
Total Comprehensive Income for the year 15,440 19,499
The above statement should be read in conjunction with the accompanying Notes and Significant Accounting Policies. Page 2
Section 43
Noosa Shire Council
Statement of Financial Position
as at 30 June 2018
2018 2017
Notes $'000 $'000
ASSETS
Current Assets
Cash and Cash Equivalents 9 64,193 65,463
Trade and Other Receivables 10 11,093 9,899
Inventories 13 225 330
Total Current Assets 75,511 75,692
Non-Current Assets
Trade and Other Receivables 10 49,218 49,218
Equity Investments 23 78,377 73,332
Investment Property 11 4,167 4,405
Property, Plant and Equipment 12, 27 866,605 858,858
Intangible Assets 14 5,049 3,497
Total Non-Current Assets 1,003,416 989,310
TOTAL ASSETS 1,078,927 1,065,002
LIABILITIES
Current Liabilities
Trade and Other Payables 15 11,681 11,818
Borrowings 16 3,969 3,745
Provisions 17 4,648 4,349
Other Liabilities 18 697 645
Total Current Liabilities 20,995 20,557
Non-Current Liabilities
Borrowings 16 32,171 34,291
Provisions 17 9,737 9,570
Total Non-Current Liabilities 41,908 43,861
TOTAL LIABILITIES 62,903 64,418
Net Community Assets 1,016,024 1,000,584
COMMUNITY EQUITY
Asset Revaluation Surplus 18 41,739 26,892
Retained Surplus/(Deficiency) 27 974,285 973,692
Total Community Equity 1,016,024 1,000,584
The above statement should be read in conjunction with the accompanying Notes and Significant Accounting Policies. Page 3
Section 44
Noosa Shire Council
Statement of Changes in Equity
for the year ended 30 June 2018
Asset
Revaluation Retained Total
Surplus Surplus Equity
Notes $'000 $'000 $'000
2018
Opening Balance 26,892 973,692 1,000,584
a. Net Result for the Year - 593 593
b. Other Comprehensive Income
Revaluations: Property, Plant & Equip. Asset Revaluation Surplus 18 14,847 - 14,847
Other Comprehensive Income 14,847 - 14,847
Total Comprehensive Income (c&d) 14,847 593 15,440
Equity Balance as at 30 June 2018 41,739 974,285 1,016,024
Asset
Revaluation Retained Total
Surplus Surplus Equity
Notes $'000 $'000 $'000
2017
Opening Balance 24,517 1,012,107 1,036,625
a. Correction to opening balance - (55,540) (55,540)
Revised Opening Balance (as at 1 July 2016) 24,517 956,568 981,085
b. Net Result for the Year - 17,124 17,124
c. Other Comprehensive Income
Revaluations: Property, Plant & Equip. Asset Revaluation Surplus 18 2,375 - 2,375
Other Comprehensive Income 2,375 - 2,375
Total Comprehensive Income (c&d) 2,375 17,124 19,499
Equity Balance as at 30 June 2017 26,892 973,692 1,000,584
The above statement should be read in conjunction with the accompanying Notes and Significant Accounting Policies. Page 4
Section 45
Noosa Shire Council
Statement of Cash Flows
for the year ended 30 June 2018
2018 2017
Notes $'000 $'000
Cash Flows from Operating Activities
Receipts from Customers 87,075 81,498
Payments to Suppliers and Employees (77,033) (67,789)
10,042 13,709
Receipts:
Investment and Interest Revenue Received 4,701 4,831
Rental Income 1,301 1,337
Non Capital Grants and Contributions 6,052 6,287
Income Tax Equivalent Received 3,067 1,456
Income from Equity Investments 30 1,568
Payments:
Interest Expense (131) (122)
Net Cash Inflow/(Outflow) from Operating Activities 25 25,062 29,066
Cash Flows from Investing Activities
Receipts:
Proceeds of Sale of Property, Plant and Equipment 154 259
Grants, Subsidies, Contributions and Donations 6,369 6,314
Payments:
Payments of Property, Plant and Equipment (26,981) (19,317)
Payments for Intangible Assets (1,874) (1,176)
Net Cash Inflow/(Outflow) from Investing Activities (22,332) (13,920)
Cash Flows from Financing Activities
Receipts:
Proceeds from Borrowings 1,165 2,697
Payments:
Repayment of Borrowings (5,165) (4,966)
Net Cash Inflow/(Outflow) from Financing Activities (4,000) (2,269)
Net Increase/(Decrease) in Cash and Cash Equivalents held (1,270) 12,877
Cash and Cash Equivalents at the beginning of the financial year 65,463 52,586
Cash and Cash Equivalents at the end of the financial year 9 64,193 65,463
The above statement should be read in conjunction with the accompanying Notes and Significant Accounting Policies. Page 5
Section 46
Financial Statements 2018
Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2018
Note 1. Summary of Significant Accounting Policies
(1.a) Basis of preparation (1.d) Adoption of New and Revised Accounting
Standards
These general purpose financial statements are for the
period 1 July 2017 to 30 June 2018 and have been In the current year, Council adopted all of the new and
prepared in compliance with the requirements of the Local revised Standards and Interpretations issued by the
Government Act 2009 and the Local Government Australian Accounting Standards Board (AASB) that are
Regulation 2012. Consequently, these financial relevant to its operations and effective for the current
statements have been prepared in accordance with all reporting period. The adoption of the new and revised
Australian Accounting Standards, Australian Accounting Standards and Interpretations has not resulted in any
Interpretations and other authoritative pronouncements material changes to Council's accounting policies.
issued by the Australian Accounting Standards Board.
Noosa Shire Council has not applied any Australian
These financial statements have been prepared under the Accounting Standards and Interpretations that have been
historical cost convention except for the following: issued but are not yet effective.
Financial assets and liabilities, certain classes of Some Australian Accounting Standards and Interpretations
property, plant and equipment and investment have been issued but are not yet effective. Those standards
property which are measured at fair value; have not been applied in these financial statements. Council
will implement them when they are effective.
Council is constituted under the Queensland Local
Government Act 2009 and is domiciled in Australia.
The standards that will be adopted by Council in future
Council uses the Australian dollar as its functional financial statements are as follows
currency and its presentation currency.
Effective for annual reporting periods beginning on or
Amounts included in the financial statements have been after 1 July 2018
rounded to the nearest $1,000 unless otherwise indicated.
AASB 9 Financial Instruments. This replaces AASB 139
Comparative information has been restated where
Financial Instruments: Recognition and Measurement,
necessary to be consistent with disclosures in the current
and addresses the classification, measurement and
reporting period.
disclosure of financial assets and liabilities. This
change will require Council to measure all financial
(1.b) Statement of Compliance assets at fair value or amortised cost rather than at
cost. The impact is expected to be immaterial.
These general purpose financial statements comply with
all accounting standards and interpretations issued by the
Australian Accounting Standards Board (AASB) that are Effective for annual reporting periods beginning on or
relevant to Council's operations and effective for the after 1 July 2019
current reporting period. Because the Council is a not-for-
profit entity and the Australian Accounting Standards AASB 15 Revenue from Contracts with Customers,
include requirements for not-for-profit entities which are AASB 1058 Income of Not-for-Profit Entities and AASB
inconsistent with International Financial Reporting 2016-8 Amendments to Australian Accounting
Standards (IFRS), to the extent these inconsistencies are Standards - Australian Implementation Guidance for
applied, these financial statements do not comply with Not-for-Profit Entities
IFRS. The main impacts are the offsetting of revaluation
and impairment gains and losses within a class of assets, AASB 15 will replace AASB 118 Revenue, AASB 111
and the timing of the recognition of non-reciprocal grant Construction Contracts and a number of Interpretations.
revenue. AASB 2016-8 provides Australian requirements and
guidance for not-for-profit entities in applying AASB 9
(1.c) Date of Authorisation and AASB 15, and AASB 1058 will replace AASB 1004
Contributions. Together they contain a comprehensive
The financial statements were authorised for issue on the and robust framework for the recognition, measurement
date they were submitted to the Auditor-General for final and disclosure of income including revenue from
signature. This is the date the management certificate is contracts with customers.
signed.
Council is currently reviewing the way that income is
measured and recognised to identify whether there will
be any material impact arising from these standards.
Page 6
Section 47
Financial Statements 2018
Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2018
Note 1. Summary of Significant Accounting Policies (continued)
AASB 16 Leases applied. All other disclosures relating to the measurement
and financial risk management of financial instruments are
AASB 16 Leases will require the recognition of all included in Note 29.
leases in the Statement of Financial Position. A lease
liability will initially be measured at the present value (1.g) Taxation
of the lease payments to be made over the lease
term. A corresponding right-of-use asset will also be Income of local authorities and public authorities is exempt
recognised over the lease term. The overall impact of from Commonwealth taxation except for Fringe Benefits Tax
this standard is yet to be quantified and Council will
review over the next reporting period. GST recoverable from the ATO or payable to the ATO is
shown as an asset or liability respectively.
(1.e) Critical accounting judgements and key
sources of estimation uncertainty Unitywater pays Council an income tax equivalent in
accordance with the requirements of the Local Government
In the application of Council's accounting policies, Act 2009. Where the activity of such an entity is subject to
management is required to make judgements, estimates the tax equivalents regime, the income tax expense is
and assumptions about carrying values of assets and calculated on the operating surplus adjusted for permanent
liabilities that are not readily apparent from other sources. differences between taxable and accounting income.
The estimates and associated assumptions are based on
historical experience and other factors that are considered
to be relevant. Actual results may differ from these
estimates. The estimates and ongoing assumptions are
reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the
estimate is revised and in future periods as relevant.
Judgements, estimates and assumptions that have a
potential significant effect are outlined in the following
financial statement notes:
Investment Property - Note 11
Valuation and depreciation of Property, Plant &
Equipment - Note 12
Provisions - Note 17
Contingent Liabilities - Note 20.
(1.f) Financial assets and financial liabilities
Council recognises a financial asset or a financial liability
in its Statement of Financial Position when, and only
when, Council becomes a party to the contractual
provisions of the instrument.
Noosa Shire Council has categorised and measured the
financial assets and financial liabilities held at balance
date as follows:
Financial assets
Cash and cash equivalents. Note 9.
Receivables - measured at amortised cost. Note 10.
Financial liabilities
Payables - measured at amortised cost. Note 15.
Borrowings - measured at amortised cost. Note 16.
Financial assets and financial liabilities are presented
separately from each other and offsetting has not been
Page 7
Section 48
Financial Statements 2018
Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2018
Note 2(a). Council Functions - Component Descriptions
Details relating to the Council's functions / activities as reported in Note 2(b) are as follows:
CEO
The goal of the Chief Executive Officer function 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.
INFRASTRUCTURE SERVICES
The goals of the Infrastructure Services department is to provide efficient planning, maintenance and delivery of
infrastructure over its lifecycle. The department operates and maintains infrastructure including roads and bridges,
buildings, canals, parks, stormwater drainage, waterways and beaches in the Noosa Shire in accordance with
established service levels. Service areas include Asset Management, Council Buildings and Facilities, Civil
Operations, Infrastructure Planning, Design and Delivery.
EXECUTIVE SERVICES
The goal of the Executive Services office is to provide effective governance oversight of the organisation, human
resource management support to the organisation and ensure Council's customer focus including communication
and community engagement processes. Service areas include the Community Engagement, Customer Service,
Executive Services, Governance and Human Resources.
CORPORATE SERVICES
The goal of the Corporate Services department is 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.
ENVIRONMENT AND SUSTAINABLE DEVELOPMENT
The goal of the Environment and Sustainable Development department is to provide effective planning,
development compliance, economic development and environmental services that promote long-term sustainable
outcomes for the Noosa community. Service areas include Building and Plumbing Services, Economic
Development, Development Assessment, Environmental Services and Strategic Land Use Planning.
Page 8
Section 49
Financial Statements 2018
Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2018
Note 2(b). Analysis of Results by Function
Gross Program Elimination Gross Elimination
Income of Inter- Total Expenses of Inter- Total Net
Functions Total Assets
Function Income Function Expenses Result
Total
Grants Other Activities Activities
2018 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
CEO - - - - (1,705) 237 (1,468) (1,468) -
Community Services 3,447 23,375 (1,575) 25,247 (32,669) 6,910 (25,759) (512) 1,148
Infrastructure Services 3,937 8,620 (2,679) 9,878 (36,178) 6,463 (29,715) (19,837) 168
Executive Services 20 3,250 (3,250) 20 (4,086) 717 (3,369) (3,349) 308
Corporate Services 2,211 70,183 (11,474) 60,920 (43,745) 2,739 (41,006) 19,914 1,059,922
Environment and Sustainable Development 793 10,112 (221) 10,684 (12,017) 2,133 (9,884) 800 (16)
Total Council 10,408 115,540 (19,199) 106,749 (130,400) 19,199 (111,201) (4,452) 1,061,530
Controlled Entity Net of Eliminations - 5,045 - 5,045 - - - 5,045 17,397
Total 10,408 120,585 (19,199) 111,794 (130,400) 19,199 (111,201) 593 1,078,927
Gross Program Elimination Gross Elimination
Income of Inter- Total Expenses of Inter- Total Net
Functions Total Assets
Recurring Function Income Function Expenses Result
Recurring
Grants Other Activities Activities
2017 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
CEO - - - - (568) 42 (526) (526) -
Community Services 3,211 20,590 (884) 22,917 (33,713) 6,384 (27,329) (4,412) 1,115
Planning and Infrastructure 2,984 13,524 (2,709) 13,799 (45,158) 7,155 (38,003) (24,204) 308
Executive Office 4 7,901 (3,253) 4,652 (8,670) 1,213 (7,457) (2,805) -
Corporate Services 3,225 68,689 (10,474) 61,440 (19,086) 2,526 (16,560) 44,880 1,051,225
Total Council 9,424 110,704 (17,320) 102,808 (107,195) 17,320 (89,875) 12,933 1,052,648
Controlled Entity Net of Eliminations - 4,191 - 4,191 - - - 4,191 12,354
Total 9,424 114,895 (17,320) 106,999 (107,195) 17,320 (89,875) 17,124 1,065,002
Financial Statements 20
page Page 9
Section 50
Financial Statements 2018
Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2018
Note 3. Revenue Analysis
2018 2017
Notes $'000 $'000
Rates, levies, grants and other revenue are recognised as revenue on receipt of funds
or earlier upon unconditional entitlements to the funds.
(a). Rates, Levies and Charges
Where rates monies are received prior to the commencement of the rating/levying
period, the amount is recognised as revenue in the period in which they are received,
otherwise rates are recognised at the commencement of rating period.
General Rates 47,955 46,988
Separate Rates 5,672 5,301
Special Rates 1,543 1,560
Waste Utility Charges 11,525 11,293
Other Rates, Levies and Charges (1) 8
Total rates and utility charge revenue 66,694 65,150
Less: Discounts (1,888) (1,850)
Less: Pensioner remissions (795) (769)
TOTAL RATES, LEVIES AND CHARGES 64,011 62,531
(b). Fees and Charges
Fees and charges are recognised upon unconditional entitlement to the funds.
Generally this is upon lodgement of the relevant applications or documents, issuing
of the infringement notice or when the service is provided.
Building and Development Fees 2,741 2,524
Permits and Licences 831 745
Fines and Penalties 270 179
Registration Fees 334 293
Parking Penalties 692 587
User Fees and Charges 639 594
Other Statutory Fees 606 572
TOTAL FEES AND CHARGES 6,113 5,494
Page 10
Section 51
Financial Statements 2018
Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2018
Note 3. Revenue Analysis (continued)
2018 2017
Notes $'000 $'000
(c). Interest and Investment Revenue
Interest received from term deposits is accrued over the term of the investment.
Dividends are recognised once they are formally declared by the directors of the
associated entities.
Investments 1,659 1,704
Interest from Overdue Rates and Utility Charges 493 504
Loan to Unitywater 2,549 2,623
TOTAL INTEREST AND INVESTMENT REVENUE 4,701 4,831
(d). Sales Revenue
The amount recognised as revenue for contract revenue during the financial year is
the amount receivable in respect of invoices issued during the period.
Sale of services
Contract and Recoverable Works 34 18
Waste Management Charges 2,296 2,116
Venue Hire 384 368
Holiday Parks Fees and Charges 3,241 3,113
Learn to Swim 704 690
Admission Fees 1,139 1,013
Total Sale of Services 7,798 7,318
Sale of goods
Sale of Recyclables 755 633
Retail Shop Sales 648 653
Total Sale of Goods 1,403 1,286
TOTAL SALES REVENUE 9,201 8,604
There are no contracts in progress at the year end. The contract work carried out
is not subject to retentions.
(e). Other Income
Unitywater Income Tax Equivalent Received 3,067 1,456
Other 997 915
TOTAL OTHER INCOME 4,064 2,371
Page 11
Section 52
Financial Statements 2018
Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2018
Note 4. Grants, Subsidies, Contributions and Donations
2018 2017
Notes $'000 $'000
Grants & Subsidies
Grants,subsidies and contributions that are non-reciprocal in nature are recognised as
revenue in the year in which Council gains control over them.
Where grants are received that are reciprocal in nature, revenue is recognised as the
various performance obligations are fulfilled under the funding agreement. Council
does not currently have any reciprocal grants.
Non-cash contributions
Non-cash contributions with a value in excess of the recognition thresholds, are
recognised as revenue and as non-current assets. Non-cash contributions below the
thresholds are recorded as revenue and expenses.
Physical assets contributed to Council by developers in the form of road works,
stormwater, infrastructure and park equipment are recognised as revenue when the
development becomes "on maintenance" (i.e. the Council obtains control of the assets
and becomes liable for any ongoing maintenance) and there is sufficient data in the
form of drawings and plans to determine the approximate specifications and values of
such assets. All non-cash contributions are recognised at the fair value of the
contribution received on the date of acquisition.
Cash contributions
Council receives cash contributions from property developers to construct assets such
as roads and footpaths. Where agreements between Council and the developers
relating to these contributions are determined to fall within the scope of AASB
Interpretation 18 Transfers of Assets from Customers, these contributions are
recognised as revenue when the related service obligations are fulfilled.
(a) Recurrent
General Purpose Grants 2,200 3,191
State Government Subsidies and Grants 1,089 1,188
Commonwealth Government Subsidies and Grants 2,673 1,820
Donations 60 53
Contributions 11 20
Other Non-Government Subsidies 19 15
TOTAL RECURRENT GRANTS, SUBSIDIES,
CONTRIBUTIONS AND DONATIONS 6,052 6,287
(b) Capital
State Government Subsidies and Grants 3,016 1,909
Commonwealth Government Subsidies and Grants 1,411 1,298
Contributions 1,942 3,106
Non-Monetary - Developer Assets contributed by Developers at Fair Value 4,906 3,217
TOTAL CAPITAL GRANTS, SUBSIDIES,
CONTRIBUTIONS AND DONATIONS 11,275 9,530
Page 12
Section 53
Financial Statements 2018
Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2018
Note 5. Employee Benefits
2018 2017
Notes $'000 $'000
Wages and Salaries 24,162 22,613
Annual, Sick and Long Service Leave Entitlements 3,995 3,674
Superannuation 21 3,110 2,943
Councillors Remuneration 536 527
31,803 29,757
Other Employee Related Expenses 1,462 1,455
33,265 31,212
Less: Capitalised Employee Expenses (2,805) (2,363)
TOTAL EMPLOYEE BENEFITS 30,460 28,849
Councillor remuneration represents salary, and other allowances paid in respect of
carrying out their duties.
Additional information:
Total Employees at year end:
Administration Staff 273 255
Depot and Outdoors Staff 92 97
Total full time equivalent employees 365 352
Total Elected members 7 7
Note 6. Materials and Services
2018 2017
Administration Supplies and Consumables 821 1,300
Audit Services * 198 147
Communications and IT 709 618
Consultancy Services 1,521 688
Contract Services 19,928 20,140
Commission Paid 783 622
Donations and Prizes 3,576 3,442
Electricity 1,713 1,773
Fleet Operating Costs 1,735 1,481
Grants Paid to Community Organisations 940 848
Insurance 481 452
Legal Expenses 1,163 1,045
Operating Leases - Rentals 144 283
Software and Maintenance 1,034 844
Water and Sewerage Costs 950 876
Other Materials and Services 3,806 3,391
Less: Capitalised Internal Expenses (485) (532)
TOTAL MATERIALS AND SERVICES 39,017 37,418
* Total audit fees quoted by the Queensland Audit Office relating to the 2017-18 financial statements
were $131,500 (2017: $131,500)
Page 13
Section 54
Financial Statements 2018
Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2018
Note 7. Finance Costs
2018 2017
Notes $'000 $'000
Finance costs - Queensland Treasury Corporation 2,104 2,187
Bank Charges 118 104
Impairment of Debts 13 17
Landfill Restoration 94 2,065
Other - 1
TOTAL FINANCE COSTS 2,329 4,374
Note 8. Capital Expenses
2018 2017
(a) Revaluation decrement
Downwards Revaluation of Property, Plant and Equipment (Roads &
Bridges Network) 12 23,437 -
Downwards Revaluation of Investment Property 11 238 -
23,675 -
(b) Other capital expenses
Loss on Write-Off of Assets and Disposal of Assets 599 1,563
599 1,563
TOTAL CAPITAL EXPENSES 24,274 1,563
Page 14
Section 55
Financial Statements 2018
Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2018
Note 9. Cash and Cash Equivalents
2018 2017
Notes $'000 $'000
Cash and Cash Equivalents
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.
Cash at Bank and on Hand 363 148
Cash Equivalent Assets
- Deposits at Call 57,830 47,315
- Term Deposits 6,000 18,000
TOTAL CASH ASSETS AND CASH EQUIVALENTS 64,193 65,463
Restricted Cash and Cash Equivalents
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 the
following cash assets:
Unspent Government Grants and Subsidies 186 602
Unspent Levy Funds 6,219 6,378
Unspent Developer Contributions 717 8,470
Unspent Carbon Tax 502 502
Unspent Loan Monies - 598
Total External Restrictions 7,625 16,550
Internally imposed expenditure restrictions at the reporting date relate to the
following assets:
Future Asset Replacement 2,702 8,461
Natural Disaster Rehabilitation 2,396 2,343
Waste Management 4,334 3,512
Specific Purpose Recurrent 1,873 1,941
Total Internal Restrictions 11,305 16,257
Total Unspent Restricted Cash and Cash Equivalents 18,929 32,807
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 2.20% and 2.86%.
Investments
Term deposits in excess of three months are reported as investments, with deposits of less than three months
being reported as cash equivalents.
Page 15
Section 56
Financial Statements 2018
Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2018
Note 10. Trade and Other Receivables
2018 2017
Notes $'000 $'000
Receivables
Trade receivables are recognised at the amounts due at the time of sale or service delivery i.e. the agreed
purchase price / contract price. Settlement of these amounts is required within 30 days from invoice date.
The collectability of receivables is assessed periodically and if there is objective evidence that Council will not be
able to collect all amounts due, the carrying amount is reduced for impairment. The loss is recognised in finance
costs. The amount of the impairment is the difference between the asset’s carrying amount and the present value
of the estimated cash flows discounted at the effective interest rate.
All known bad debts were written-off at 30 June 2018. Subsequent recoveries of amounts previously written off in
the same period are recognised as finance costs in the Statement of Comprehensive Income. If an amount is
recovered in a subsequent period it is recognised as revenue.
Because Council is empowered under the provisions of the Local Government Act 2009 to sell an owner's property
to recover outstanding rate debts, Council does not impair any rate receivables.
2018 2017
Notes $'000 $'000
Current
Rateable Revenue and Utility Charges 4,420 4,431
Other Debtors 1 25
GST Recoverable 1,153 1,053
Accrued Revenue 1,907 2,415
Prepayments 2,208 382
Fees and Charges 1,404 1,593
TOTAL CURRENT TRADE AND OTHER RECEIVABLES 11,093 9,899
Non-Current
Loans and Advances to Associates 49,218 49,218
TOTAL NON-CURRENT TRADE AND OTHER RECEIVABLES 49,218 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 loan agreement for the subordinated debt was executed on the 21 June 2013.
The interest only loan structure terminates on the 30 June 2033 with the interest
rate set by QTC annually. Applicable interest rate for 2018 was 5.18% (2017: 5.33%).
Page 16
Section 57
Financial Statements 2018
Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2018
Note 11. Investment Property
2018 2017
Notes $'000 $'000
Investment property is property held for the primary purpose of earning rentals and/or
capital appreciation.
Investment property is measured using the fair value model. This means all
investment property is initially recognised at cost (including transaction costs) and then
subsequently revalued annually at the balance date.
Gains or losses arising from changes in the fair value of investment property are
recognised as incomes or expenses respectively for the period in which they arise.
Investment property is not depreciated and is not tested for impairment.
Fair value at beginning of financial year 4,405 4,150
Revaluation adjustment to the Income Account - 255
Revaluation decrement (238) -
TOTAL INVESTMENT PROPERTY 4,167 4,405
Operating expenses in respect of investment property are shown in note 6.
Note 12. Property, Plant and Equipment
2018 2017
Recognition
Each class of property, plant and equipment is carried at cost or fair value less, where applicable, any accumulated
depreciation and accumulated impairment losses. Items of property, plant and equipment with a total value of less
than $5,000, $1,000 for computer equipment and $15,000 for Buildings, except for land and network assets (which
have a recognition threshold of $1) are treated as an expense in the year of acquisition. All other items of property,
plant and equipment are capitalised.
The classes of property, plant and equipment recognised by Council are reported in the table contained in this note.
Acquisition of assets
Acquisitions of assets are initially recorded at cost. Cost is determined as the fair value of the assets given as
consideration plus costs incidental to the acquisition, including freight in, architect's fees and engineering design
fees and all other establishment costs.
Property, plant and equipment received in the form of contributions, are recognised as assets and revenues at fair
value by Council valuation where that value exceeds the recognition thresholds for the respective asset class. Fair
value is the price that would be received to sell the asset in an orderly transaction between market participants at
the measurement date.
Routine operating maintenance, repair costs and minor renewals to maintain the operational capacity and useful life
of the non-current asset is expensed as incurred, while expenditure that relates to replacement of a major
component of an asset to maintain its service potential is capitalised.
Page 17
Section 58
Financial Statements 2018
Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2018
Note 12. Property, Plant and Equipment (continued)
2018 2017
Valuation
Land and improvements, buildings, major plant and all infrastructure assets are measured on the revaluation basis,
at fair value, in accordance with AASB 116 Property, Plant and Equipment and AASB 13 Fair Value requirements.
Other plant and equipment and work in progress are measured at cost.
Non-current physical assets measured at fair value are revalued, where required, so that the carrying amount of
each class of asset does not materially differ from its fair value at the reporting date. This is achieved by engaging
independent, professionally qualified valuers to determine the fair value for each class of property, plant and
equipment assets every three to five years. This process involves the valuer physically sighting a representative
sample of Council assets across all asset classes and making their own assessments of the condition of the assets
at the date of inspection.
Council uses internal engineers to assess the condition and cost assumptions associated with all infrastructure
assets, the results of which are considered in combination with the relevant indices independently published for the
Sunshine Coast Region. Together these are used to form the basis of a management valuation for infrastructure
asset classes in each of the intervening years. With respect to the valuation of the land and improvements, and
buildings classes in the intervening years, management engage independent, professionally qualified valuers to
perform a "desktop" valuation. A desktop valuation involves management providing updated information to the
valuer regarding additions, deletions and changes in assumptions such as useful life, residual value and condition
rating. The valuer then determines suitable indices which are applied to each of these asset classes.
Capital work in progress
The cost of property, plant and equipment being constructed by the Council includes the cost of purchased
services, materials, direct labour and an appropriate proportion of labour overheads.
Depreciation
Land is not depreciated as it has an unlimited useful life. Depreciation on other property, plant and equipment
assets is calculated on a straight-line basis so as to write-off the net cost or revalued amount of each depreciable
asset, less its estimated residual value, progressively over its estimated useful life to the Council. Management
believe that the straight-line basis appropriately reflects the pattern of consumption of all Council assets.
Assets are depreciated from the date of acquisition or, in respect of internally constructed assets, from the time an
asset is completed and commissioned ready for use.
Where assets have separately identifiable components that are subject to regular replacement, these components
are assigned useful lives distinct from the asset to which they relate. Any expenditure that increases the originally
assessed capacity or service potential of an asset is capitalised and the new depreciable amount is depreciated
over the remaining useful life of the asset to the Council.
The depreciable amount of improvements to or on leasehold land is allocated progressively over the estimated
useful lives of the improvements to the Council or the unexpired period of the lease, whichever is the shorter.
Depreciation methods, estimated useful lives and residual values of property, plant and equipment assets are
reviewed at the end of each reporting period and adjusted where necessary to reflect any changes in the pattern of
consumption, physical wear and tear, technical or commercial obsolescence, or management intentions. The
condition assessments performed as part of the annual valuation process for assets measured at depreciated
current replacement cost are used to estimate the useful lives of these assets at each reporting date. Road
formation has an unlimited life and is not subject to depreciation. The range of estimated useful lives for each class
of asset are detailed in the table contained in this note.
Page 18
Section 59
Financial Statements 2018
Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2018
Note 12. Property, Plant and Equipment (continued)
30 June 2018 Capital Work in Plant and Road and Bridge Other Infrastructure
Land Buildings Storm Water Total
Progress Equipment Network Assets
$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
Measurement Basis Note Cost Fair Value Fair Value Cost Fair Value Fair Value Fair Value
Opening Gross Balance - at Cost 18,059 - - 12,084 - - - 30,143
Opening Gross Balance - at Fair Value - 130,649 79,645 - 575,715 169,262 87,188 1,042,459
Opening Gross Balance as at 1 July 2017 18,059 130,649 79,645 12,084 575,715 169,262 87,188 1,072,602
Additions* 26,982 - - - - - - 26,982
Contributed Assets - 1,640 1,025 - 1,358 883 - 4,906
Disposals 5,10 - - - (263) - - - (263)
Write-offs 5,10 - - (121) - (461) (245) (345) (1,172)
Revaluation Decrements to P&L 8 - - - - (20,822) - - (20,822)
Revaluation Adjustment to Other Comprehensive Income (Asset Revaluation Surplus) 18 - 7,135 - - - 7,606 4,382 19,123
Work in Progress Capitalisation* (5,351) 2,322 303 858 228 887 753 -
Internal Transfers to / from other Asset Classes - - - - (83) - 83 -
Total Gross Value of Property, Plant and Equipment - at Cost as at 30 June 2018 39,687 - - 12,679 - - - 52,366
Total Gross Value of Property, Plant and Equipment - at Fair Value as at 30 June 2018 - 141,746 80,852 - 555,935 178,393 92,062 1,048,988
Total Gross Value of Property, Plant and Equipment as at 30 June 2018 39,687 141,746 80,852 12,679 555,935 178,393 92,062 1,101,354
Opening Accumulated Depreciation as at 1 July 2017 - - 19,252 2,471 104,969 53,751 33,301 213,744
Depreciation Provided in the Period 8 - - 1,417 1,075 7,096 2,146 3,064 14,798
Depreciation on Disposals 5,10 - - - (87) - - - (87)
Depreciation on Write-offs 5,10 - - (24) - (240) (130) (202) (596)
Revaluation Decrements to P&L 8 - - - - 2,614 - - 2,614
Revaluation Adjustment to Other Comprehensive Income (Asset Revaluation Surplus) 18 - - - - - 2,484 1,792 4,276
Total Accumulated Depreciation of Property, Plant and Equipment as at 30 June 2018 - - 20,645 3,459 114,436 58,251 37,958 234,749
Consolidated Book Value as at 30 June 2018 39,687 141,746 60,207 9,220 441,499 120,142 54,104 866,605
Other Information
Range of Estimated Useful Life (in years) - - 3 - 120 1 - 50 3-120 17 - 100 2-120
*Asset Additions Comprise
Asset Renewals - 2,247 772 12,394 2,603 655 18,671
Other Additions 2,119 2,172 420 2,542 297 759 8,309
Total Asset Additions - 2,119 4,419 1,192 14,936 2,900 1,414 26,980
page xx
Financial Statements 2015
Page 19
Section 60
Financial Statements 2018
Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2018
Note 12. Property, Plant and Equipment (continued)
30 June 2017 Capital Work in Plant and Road and Bridge Other Infrastructure
Land Buildings Storm Water Total
Progress Equipment Network Assets
$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
Measurement Basis Note Cost Fair Value Fair Value Cost Fair Value Fair Value Fair Value
Opening Gross Balance - at Cost 8,879 - - 10,308 - - - 19,187
Opening Gross Balance - at Fair Value - 130,109 76,397 - 636,269 167,285 87,327 1,097,386
Opening Gross Balance as at 1 July 2016 8,879 130,109 76,397 10,308 636,269 167,285 87,327 1,116,573
Correction to Opening Balances 27 (1,246) 540 - - (65,328) - - (66,034)
Additions* 19,319 - - - - - - 19,319
Contributed Assets - - - - 1,098 2,119 - 3,217
Disposals 5,10 - - - (341) - - - (341)
Write-offs 5,10 - - (128) - (2,845) (170) (101) (3,244)
Revaluation Adjustment to Other Comprehensive Income (Asset Revaluation Surplus) 18 - - 3,114 - - - - 3,114
Work in Progress Transfers (8,893) - 262 2,117 5,923 29 561 -
Internal Transfers to / from other Asset Classes - - - - 599 - (599) -
Total Gross Value of Property, Plant and Equipment - at Cost as at 30 June 2017 18,059 - - 12,084 - - - 30,143
Total Gross Value of Property, Plant and Equipment - at Fair Value as at 30 June 2017 - 130,649 79,645 - 575,715 169,262 87,188 1,042,459
Total Gross Value of Property, Plant and Equipment as at 30 June 2017 18,059 130,649 79,645 12,084 575,715 169,262 87,188 1,072,602
Opening Accumulated Depreciation as at 1 July 2016 - - 17,189 1,638 106,929 51,682 30,447 207,885
Correction to Opening Balances 27 - - - - (10,495) - - (10,495)
Depreciation Expense 8 - - 1,338 919 9,985 2,104 3,032 17,378
Disposals 5,10 - - - (86) - - - (86)
Write-offs 5,10 - - (14) - (1,587) (35) (43) (1,679)
Revaluation Adjustment to Other Comprehensive Income (Asset Revaluation Surplus) 18 - - 739 - - - - 739
Internal Transfers to / from other Asset Classes - - - - 136 - (136) -
Total Accumulated Depreciation of Property, Plant and Equipment as at 30 June 2017 - - 19,252 2,471 104,969 53,751 33,301 213,744
Consolidated Book Value as at 30 June 2017 18,059 130,649 60,393 9,613 470,745 115,511 53,887 858,858
Other Information
Range of Estimated Useful Life (in years) - - 3 - 120 1 - 50 3-120 17 - 100 2-120
*Asset Additions Comprise
Asset Renewals - - 881 2,261 10,490 1,174 943 15,749
Other Additions - 202 812 14 1,726 33 759 3,546
Total Asset Additions - 202 1,693 2,275 12,216 1,207 1,702 19,295
page
Financial Statements 20
Page 20
Section 61
Financial Statements 2018
Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2018
Note 13. Fair Value Measurements
(i) Recognised fair value measurements
Council measures and recognises the following assets at fair value on a recurring basis:
- Investment Property
- 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 16 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 29.
The carrying amounts of trade receivables and trade payables are assumed to approximate their fair values due to
their short-term nature (Level 2).
In accordance with AASB 13 Fair Value Measurements are categorised on the following basis:
- Level 1 - Fair value based on quoted prices in active markets for the asset or liability
- Level 2 - Fair value based on inputs that are observable for the asset or liability, either directly (as prices) or
indirectly (derived from prices).
- Level 3 - Fair value based on unobservable inputs for the asset and liability.
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 on a recurring basis 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 21
Section 62
Financial Statements 2018
Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2018
Note 13. Fair Value Measurements (continued)
(1) The following table presents all assets and liabilities that have been measured and recognised at
fair values:
Fair Value
Measurement using:
Level 1 Level 2 Level 3 Total
Date Quoted Significant Significant
of latest prices in observable unobservable
valuation active mkts inputs inputs
2018 $'000 $'000 $'000 $'000
Property, Plant and Equipment
- Land 31/03/18 - 4,085 137,661 141,746
- Buildings 30/06/15 - - 60,207 60,207
- Road and Bridge Network 31/03/18 - - 441,499 441,499
- Storm Water 30/06/15 - - 120,142 120,142
- Other Infrastructure Assets 30/06/16 - - 54,104 54,104
- Investment Property 30/06/18 4,167 - 4,167
Total Property, Plant and Equipment - 8,252 813,613 821,865
valuation active mkts inputs inputs
2017 $'000 $'000 $'000 $'000
Property, Plant and Equipment
- Land 30/06/14 - 68,769 61,340 130,109
- Buildings 30/06/15 - - 60,393 60,393
- Road and Bridge Network 30/06/14 - - 470,745 470,745
- Storm Water 30/06/15 - - 115,511 115,511
- Other Infrastructure Assets 30/06/16 - - 53,887 53,887
- Investment Property 30/06/17 4,405 - 4,405
Total Property, Plant and Equipment - 73,174 761,876 835,050
(2) Transfers between Level 1 and Level 2 Fair Value Hierarchies
During the year, there were no transfers between Level 2 and Level 3 Fair Value hierarchies for recurring fair
value measurements.
Council's policy for determining transfers between Fair Value hierarchies is at the end of the reporting period.
Page 22
Section 63
Financial Statements 2018
Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2018
Note 13. Fair Value Measurements (continued)
(3) Valuation techniques used to derive Level 2 and Level 3 Fair Values
Where Council is unable to derive Fair Valuations using quoted market prices of identical assets
(ie. Level 1 inputs) Council instead utilises a spread of both observable inputs (Level 2 inputs) and
unobservable inputs (Level 3 inputs).
The Fair Valuation techniques Council has employed while utilising Level 2 and Level 3 inputs are as follows:
Infrastructure, Property, Plant and Equipment
Land (Level 2 and 3)
A full comprehensive valuation of Land was completed by independent valuer, AssetVal Pty Ltd effective 31 March 2018.
Fair values have been derived based on a combination of market approach and direct comparison by analysing land
sales occurring over the past year within the Noosa Shire Council area.
Where there was an active and liquid market as evidenced by sales transactions of similar property types, a market
approach by way of direct comparison or income methods can be utilised, and are accepted valuation methodologies
under AASB 13. If a market approach is adopted, the valuation is deemed to be a Level 2 input.
The direct comparison method which is considered a Level 2 input on the fair value hierarchy, involves the analysis of
sales evidence and comparisons with the subject land taking into account matters such as area, location and other
general site characteristics. Direct Comparison approach was utilised in the assessment for all Council land assets,
however, the fair value measurement has been either a Level 2 or 3, depending on the assumptions as to:
- Whether the land is subject to restrictions as to use and/or sale;
- Whether there is no active market.
Land that is utilised for footpath or access restriction purposes, land that is a volumetric title, or due to its general
characteristics land that has no observable active market have been assessed as a Level 3.
The results of the full comprehensive valuation of Land by AssetVal, completed as at 31 March 2018 was an increase in
value of $7.1m.
Page 23
Section 64
Financial Statements 2018
Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2018
Note 13. Fair Value Measurements (continued)
Buildings (Level 3)
For the majority of Council's buildings, there is no active market due to the specialised nature of the assets and the
services they provide. The fair value of buildings were independently valued by registered valuers Australia Pacific
Valuers, effective 30 June 2015.
Due to the predominately specialised nature of local government buildings, the valuations have been undertaken using a
cost approach. This is deemed to be a level 3 input.
Under this approach the cost to replace the asset is calculated and then adjusted to take account of accumulated
depreciation. The valuer disaggregated the building into different components and for each component determined a
value based on the interrelationship between a range of factors. These include asset condition, legal and commercial
obsolescence and the determination of key depreciation related assumptions such as pattern of consumption and future
economic benefit.
Inputs to the valuation include the design and construction, average cost of construction, condition and consumption
score for each component. Where these are supported by observable evidence obtained via inspection and market
evidence they have been classified as a Level 2 inputs. The unobservable inputs (such as estimates pattern of
consumption and (based on the asset consumption score) its relationship to the assessed level of remaining service
potential of the depreciable amount, required extensive professional judgement and impacted significantly on the final
determination of fair value. As these inputs are significant to the valuation the overall valuation has been classified as
level 3.
The consumption rating scales were based initially on the past experience of the valuation firm and industry guides and
were then updated to take into account the experience and understanding of Noosa Shire Council's own engineers, asset
management and finance staff. The results of the valuation were further evaluated by confirmation against Noosa Shire
Council's own understanding of the assets and the level of remaining service potential.
Building index rates for the period since last valuation to 30 June 2018 shows no significant material changes and
therefore the values are considered still at fair value. As a result of this, no indexation has been applied to this class.
Other Infrastructure Assets (Level 3)
Other Infrastructure was last comprehensively valued as at 30 June 2016 by Aurecon Australia Pty Ltd.
The valuation technique used to determine fair value is essentially based on price modelling of the fair value through
'Level 3' unobservable inputs. These include a variety of sources to obtain the best information available for each asset
type, including actual contract prices or supply quotes for similar assets.
The unit rates were predominantly developed from first principles by estimating the plant, material and labour required for
asset replacement. The base rates were sourced from local suppliers estimates and quotes, contract schedules for work
recently completed and council records. Where costs have not been readily available then rates were obtained from
Aurecon's cost database or the Rawlinson 2014 edition of the Australian Construction Handbook.
Council applied an index rate of 5.1% to the value of Other Infrastructure for the period 1 July 2017 to 31 March 2018.
This resulted in an increase in value of $2.59m.
Accumulated Depreciation
In determining the level of accumulated depreciation, assets are disaggregated into significant components which exhibit
different useful lives. Useful lives are an estimate of the total service capacity in years for that type of asset.
Page 24
Section 65
Financial Statements 2018
Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2018
Note 13. Fair Value Measurements (continued)
Infrastructure Assets (Level 3)
Due to the specialised nature of Council's infrastructure assets and the services they provide, there is no active
measurable market. The fair value of all infrastructure assets is determined on the basis of replacement of a new asset or
modern equivalent.
Current Replacement Cost (CRC) is measured by reference to the lowest cost at which the gross economic benefits of
the asset could be obtained in the normal course of business. Where existing assets were over designed, had excess
capacity or where redundant an adjustment was made so that the resulting valuation reflected the cost of replacing the
existing economic benefits based on an efficient set of modern equivalent assets to achieve the required level of service
output within the Council's planning horizon.
Infrastructure assets are comprehensively revalued every three to five years, based on component unit rates developed
in line with asset renewal methods.
Specific Valuation Techniques used to value Council Infrastructure Assets comprise:
Road and Bridge Network - current replacement cost
Roads (Level 3)
Road and bridge infrastructure was comprehensively valued by independent valuer AssetVal Pty Ltd as at 31 March
2018. Results of the valuation is a written down value decrement of $11 million.
The valuation technique used to determine fair value is essentially based on price modelling of the fair value through
'Level 3' unobservable inputs. These include a variety of sources to obtain the best information available for each asset
type, including actual contract prices or supply quotes for similar assets.
The unit rates were predominantly developed from first principles by estimating the plant, material and labour required for
asset replacement. The base rates were sourced from local suppliers estimates and quotes, contract schedules for work
recently completed and council records. Where costs have not been readily available then rates were obtained from
AssetVal's cost database or the Rawlinson 2017 edition of the Australian Construction Handbook.
Council uses 3 distinct location factors categorising its road infrastructure into urban, rural and commercial/industrial.
Roads are further categorised as sealed or unsealed and managed in segments. All road segments are then further
componentised into the sub classes of assets that make up each segment, i.e. Road Surface, Road pavement - base,
Road pavement - sub-base, Road shoulder, Formation, Kerbs, footpaths etc. Each asset unit rate is determined on cost
to construct, material type and useful life to facilitate valuation and depreciation.
During the financial year a comprehensive review and stocktake was undertaken between the financial, spatial and asset
management records. As a result, numerous prior period adjustments were identified to derecognise assets, initially
recognise assets for the first time and amend existing assets (see Note 27).
Accumulated Depreciation
In determining the level of accumulated depreciation, roads are disaggregated into significant components which exhibit
different useful lives. Useful lives are an estimate of the total service capacity in years for that type of asset.
Page 25
Section 66
Financial Statements 2018
Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2018
Note 13. Fair Value Measurements (continued)
Bridges (Level 3)
A full valuation of bridges assets was undertaken by independent valuers, AssetVal Pty Ltd effective 31 March 2018. All
bridges, with exception to 3 major bridges, were valued based on unit rates developed according to varying material
types used for construction, as well as the deck area, size and length of construction. Construction estimates were
determined on a similar basis to roads. Significant bridge structures were individually assessed by AssetVal Ply Ltd.
Results of the valuation are a $12 million decrement to the written down value of bridge assets.
Accumulated Depreciation
In determining the level of accumulated depreciation, bridges are disaggregated into significant components which
exhibit different useful lives. Useful lives are an estimate of the total service capacity in years for that type of asset.
Stormwater (Level 3)
A comprehensive valuation of stormwater infrastructure was undertaken by independent valuers Aurecon Australia Pty
Ltd effective 30 June 2015. As there is a significant level of professional judgement used in determining the valuation due
to the level of unobservable data, the valuation of drainage assets has been determined as Level 3.
The fair value unit rates were determined using the prevailing market costs for supply and installation of similar assets or
their modern equivalent. The methodology for calculation of unit rates from first principles consists of breaking down each
asset into its cost components such as demolition, reinstatement, excavation, construction, delivery and installation. The
models used to determine the unit rates included internal selection of variables for asset size, depth, location and soil
type.
Council applied an index rate of 4.5% to the value of Stormwater Assets for the period 1 July 2017 to 31 March 2018.
This resulted in an increase in value of $5.1m.
Accumulated Depreciation
In determining the level of accumulated depreciation. stormwater assets are disaggregated into significant components
which exhibit different useful lives. Useful lives are an estimate of the total service capacity in years for that type of asset.
Investment Property
Investment Property was valued at fair value by AEC Group Limited, an independent professionally qualified valuation
firm, as at 30 June 2018
A market-based approach was applied to determine the fair value of investment property. The two calculation
methodologies underpinning this approach by the valuation firm are the capitalisation rate valuation approach and the
discounted cashflow valuation approach.
Page 26
Section 67
Financial Statements 2018
Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2018
Note 14. Intangible Assets
2018 2017
Notes $'000 $'000
Intangible Assets are as follows;
Computer Software
Opening Gross Carrying Value 2,831 2,836
Acquired at Cost 256 -
Disposals - (5)
Closing Carrying Value 3,087 2,831
Work In Progress 3,135 1,517
Closing Gross Carrying Value 6,222 4,348
Opening Accumulated Amortisation Balance (851) (562)
Amortisation in the period 8 (322) (293)
Closing Accumulated Amortisation Balance (1,173) (851)
Net Book Value 5,049 3,497
TOTAL INTANGIBLE ASSETS - NET BOOK VALUE 5,049 3,497
Software assets have a finite life estimated at 10 years.
Straight line amortisation has been used with no residual value.
Note 15. Trade and Other Payables
2018 2017
Payables
Trade creditors are recognised upon receipt of the goods or services ordered and are measured at the agreed
purchase/contract price net of applicable discounts other than contingent discounts. Amounts owing are
unsecured and are generally settled on 30 day terms.
Liabilities - Employee Benefits
Employee related accruals comprise annual leave, long service leave and accrued salaries and wages in
respect of services provided by the employees up to the reporting date. Liabilities for employee benefits are
assessed at each reporting date. Where it is expected that the leave will be paid in the next twelve months the
liability is treated as a current liability. Otherwise the liability is treated as non-current.
Annual leave
A liability for annual leave is recognised. Amounts expected to be settled within 12 months are calculated on
current wage and salary levels and includes related employee on-costs. Amounts not expected to be settled
within 12 months are calculated on projected future wage and salary levels and related employee on-costs,
and are discounted to present values. This liability represents an accrued expense. As council does not have
an unconditional right to defer this liability beyond 12 months annual leave is classified as a current liability.
Page 27
Section 68
Financial Statements 2018
Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2018
Note 15. Trade and Other Payables (continued)
2018 2017
Notes $'000 $'000
Current
ATO - Net GST Payable 109 106
Accruals 5,183 3,688
Trade Creditors 2,715 4,498
Employee Related Accruals 1,237 1,228
Annual Leave 2,349 2,207
Other Entitlements 88 91
TOTAL CURRENT TRADE AND OTHER PAYABLES 11,681 11,818
Note 16. Borrowings
2018 2017
Loans payable are measured at amortised cost using the effective interest rate
method. The effective interest rate is the rate that exactly discounts estimated future
cash payments or receipts through the expected life of the financial instrument.
Borrowing costs, which includes interest calculated using the effective interest method
and administration fees, are expensed in the period in which they arise. Costs that are
not settled in the period in which they arise are added to the carrying amount of the
borrowing.
All borrowing costs are expensed in the period in which they are incurred.
Borrowings are classified as current liabilities unless Council has an unconditional right
to defer settlement of the liability for at least 12 months after the balance date.
Current
Loans - Queensland Treasury Corporation 3,969 3,745
TOTAL CURRENT BORROWINGS 3,969 3,745
Non-current
Loans - Queensland Treasury Corporation 32,171 34,291
TOTAL NON-CURRENT BORROWINGS 32,171 34,291
Page 28
Section 69
Financial Statements 2018
Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2018
Note 16. Borrowings (continued)
2018 2017
Notes $'000 $'000
Reconciliation of Loan Movements for the year
Loans - Queensland Treasury Corporation
Opening balance at beginning of financial year 38,036 38,118
Loans Raised 1,165 2,697
Loan Interest Capitalised in Period 2,104 2,188
Principal Repayments (5,164) (4,967)
Book value at end of financial year 36,141 38,036
The QTC loan market value at the reporting date was $40,141,537 (2017: $42,885,207). This represents the
value of the debt if Council repaid it at that date. As it is the intention of Council to hold the debt for its term, no
provision is required to be made in these accounts. No assets have been pledged as security by the council for
any liabilities.
Borrowings are all in $AUD and are underwritten by the Queensland State Government.
Note 17. Provisions
2018 2017
Long service leave
Long service leave liability is measured as the present value of the estimated future cash outflows to be made
in respect of services provided by employees up to the reporting date. The value of the liability is calculated
using current pay rates and projected future increases in those rates and includes related employee on-costs.
The estimates are adjusted for the probability of the employee remaining in the Council's employment or other
associated employment which would result in the Council being required to meet the liability. Adjustments are
then made to allow for the proportion of the benefit earned to date, and the result is discounted to present
value. The interest rates attaching to Commonwealth Government guaranteed securities at the reporting date
are used to discount the estimated future cash outflows to their present value.
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.
Restoration Provisions
A provision is made for the cost of rehabilitation of assets and other future restoration costs where it is
probable the Council will be liable, or required, to incur such a cost on the cessation of use of the facility. This
liability is provided in respect of Quarries and Landfill sites.
The provision is measured at the expected cost of the work required discounted to current day values using an
appropriate rate. The current capital market yield bond rate is considered an appropriate rate with a maturity
date corresponding to the anticipated date of restoration.
Page 29
Section 70
Financial Statements 2018
Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2018
Note 17. Provisions (continued)
2018 2017
Notes $'000 $'000
Council has the following restoration provisions:
Landfill sites
The provision represents the present value of the anticipated future costs associated with the closure of the
Eumundi Rd landfill sites, decontamination and monitoring of historical residues and leaching on the site.
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 amounts currently provided. Because of the long-term nature of the liability,
the most significant uncertainty in estimating the provision is the costs that will be incurred.
The provision recognised for the Eumundi Rd landfill sites is reviewed at least annually and updated based on
the facts and circumstances available at the time. Management estimates that the site will fully close in 2070
and that site restoration will occur progressively over the subsequent thirty years. The provision recognises the
costs associated with closure and rehabilitation of historical and existing cells as well as the rehabilitation of
the site following full closure in 2070.
Quarry Sites
The provision represents the present value of the anticipated future costs associated with the closure of the
Ringtail Creek quarry site, reclamation and rehabilitation of the site.
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 amounts currently provided. Because of the long-term nature of the liability,
the most significant uncertainty in estimating the provision is the costs that will be incurred. The provision
recognised for quarry sites rehabilitation is reviewed at least annually and updated based on the facts and
circumstances available at the time.
2018 2017
Notes $'000 $'000
Current
Long Service Leave 4,364 4,076
Landfill Sites 284 273
TOTAL CURRENT PROVISIONS 4,648 4,349
Non-current
Long Service Leave 618 534
Quarry Rehabilitation 50 50
Landfill Sites 9,069 8,986
TOTAL NON-CURRENT PROVISIONS 9,737 9,570
Page 30
Section 71
Financial Statements 2018
Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2018
Note 17. Provisions (continued)
2018 2017
Notes $'000 $'000
Details of movements in Provisions:
Long Service Leave
Balance at beginning of financial year 4,610 4,714
Amount provided for in the period 780 579
Amount paid in the period (408) (683)
Balance at end of financial year 4,982 4,610
Quarry Rehabilitation
Balance at beginning of financial year 50 50
Balance at end of financial year 50 50
This is the present value of the estimated future cost of restoring the quarry site under
the State Government environmental regulations at the end of its useful life.
Landfill Sites
Balance at beginning of financial year 9,259 7,194
Remeasurement due to discount rate 251 2,585
Unwinding of provision over time (157) (520)
Balance at end of financial year 9,353 9,259
This is the present value of the estimated cost of restoring the Noosa landfill under
the State Government environmental regulations at the end of its useful life.
Note 18. Asset Revaluation Surplus
2018 2017
Movements in the asset revaluation surplus:
The asset revaluation surplus comprises adjustments relating to changes in value of property, plant and equipment
that do not result from the use of those assets. Net incremental changes in the carrying value of classes of
non-current assets since initial recognition are accumulated in the asset revaluation surplus. Increases and
decreases on revaluation are offset within a class of assets.
Where a class of assets is decreased on revaluation, that decrease is offset first against the amount remaining
in the asset revaluation surplus in respect of that class. Any excess is treated as an expense. When an asset is
disposed of, the amount in respect of that asset is retained in the asset revaluation surplus and not transferred to
retained surplus.
Page 31
Section 72
Financial Statements 2018
Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2018
Note 18. Asset Revaluation Surplus (continued)
Balance at Balance at
beginning 2018 end of
of year Movements year
$'000 $'000 $'000
Movements in the asset revaluation surplus:
2018
Land 6,815 7,135 13,950
Buildings 9,348 - 9,348
Stormwater 8,696 5,122 13,818
Other Infrastructure Assets 2,033 2,590 4,623
26,892 14,847 41,739
2017
Land 6,815 - 6,815
Buildings 6,973 2,375 9,348
Stormwater 8,696 - 8,696
Other Infrastructure Assets 2,033 - 2,033
24,517 2,375 26,892
Note 19. Commitments for Expenditure
2018 2017
Notes $'000 $'000
(a) Capital Contractual Commitments
Capital expenditure committed for at the reporting date but not recognised in
the financial statements as liabilities:
Property, Plant and Equipment
Roads, Bridges and Stormwater 11,089 6,844
Pathways 9,846 54
Other 2,518 5,019
Total Commitments 23,453 11,917
These expenditures are payable as follows:
Within the next year 16,888 11,917
Later than one year and not later than 5 years 5,094 -
Later than 5 years 1,471 -
Total Payable 23,453 11,917
Page 32
Section 73
Financial Statements 2018
Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2018
Note 19. Commitments for Expenditure (continued)
2018 2017
Notes $'000 $'000
(b) Operating Leases (Non Cancellable)
Minimum lease payments in relation to non-cancellable operating
leases are as follows:
Within one year 134 190
One to five years 492 60
Later than five years - -
626 250
IT equipment lease payments are generally fixed, but with inflation clauses on which
future rentals are determined.
(c) Operational Contractual Commitments
Contractual commitments at end of financial year but not recognised in the
financial statements are as follows:
Within one year 19,747 7,855
One to five years 47,491 27,961
Later than five years 19,356 14,238
86,594 50,054
Note 20. Contingent Liabilities
Council
Details and estimates of maximum amounts of contingent liabilities are as follows:
Local Government Mutual
Noosa Shire Council is a member of the local government mutual liability self-insurance pool, LGM Queensland.
In the event of the pool being wound up or it is unable to meet its debts as they fall due, the trust deed and rules
provide that any accumulated deficit will be met by the individual pool members in the same proportion as their
contribution is to the total pool contributions in respect to any year that a deficit arises.
As at 30 June 2017 the financial statements reported an accumulated surplus and it is not anticipated any liability
will arise.
Page 33
Section 74
Financial Statements 2018
Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2018
Note 20. Contingent Liabilities (continued)
Council
Local Government Workcare
Noosa Shire Council is a member of the Queensland local government worker's compensation self-insurance
scheme, Local Government Workcare. Under this scheme the Council has provided an indemnity towards a bank
guarantee to cover bad debts which may remain should the self insurance licence be cancelled and there was
insufficient funds available to cover outstanding liabilities. Only the Queensland Government’s workers
compensation authority may call on any part of the guarantee should the above circumstances arise. The
Council's maximum exposure to the bank guarantee is $656,444, (2017: $512,634)
Note 21. Superannuation
Council contibutes to the LGIAsuper Regional Defined Benefits Fund (the scheme), at the rate of 12% for each
permanent employee who is a defined benefit member. This rate is set in accordance with the LGIAsuper trust
deed and may be varied on the advice of an actuary. The Regional Defined Benefits Fund is a complying
superannuation scheme for the purpose of the Commonwealth Superannuation Industry (Supervision) legislation
and is also governed by the Local Government Act 2009 .
The scheme is a defined benefit plan, however Council is not able to account for it as a defined benefit plan in
accordance with AASB119 because LGIAsuper is unable to account for its proportionate share of the defined
benefit obligation, plan assets and costs.
Any amount by which the scheme is over or under funded may affect future benefits and result in a change to the
contribution rate, but has not been recognised as an asset or liability of the Council.
Technically Noosa Shire Council can be liable to the scheme for a portion of another local governments’ obligations
should that local government be unable to meet them. However the risk of this occurring is extremely low and in
accordance with the LGIAsuper trust.
The last completed actuarial assessment of the scheme was undertaken as at 1 July 2015. The actuary indicated
that “At the valuation date of 1 July 2015, the net assets of the scheme exceeded the vested benefits and the
scheme was in a satisfactory financial position as at the valuation date." The Council is not aware of anything
that has happened since that time that indicates the assets of the scheme are not sufficient to meet the vested
benefits, as at the reporting date.
Another actuarial investigation is being conducted as at 1 July 2018. At the time of signing these financial
statements this investigation is still in progress.
The most significant risks that may result in LGIAsuper increasing the contribution rate, on the advice of the
actuary, are:
Investment risk - The risk that the scheme's investment returns will be lower than assumed and additional
contributions are needed to fund the shortfall.
Salary growth risk - The risk that wages or salaries will rise more rapidly than assumed, increasing vested benefits
to be funded.
There are currently 63 entities contributing to the scheme and any changes in contribution rates would apply
equally to all 63 entities. Noosa Shire Council made less than 4% of the total contributions to the plan in the 2017-18
financial year.
Page 34
Section 75
Financial Statements 2018
Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2018
Note 21. Superannuation (continued)
2018 2017
Notes $'000 $'000
Superannuation contributions made to the Regional Defined Benefits Fund 229 248
Other superannuation contributions for employees 2,881 2,695
Total superannuation contributions paid by Council for employees 5 3,110 2,943
2019
$'000
Contributions council expects to make to the Regional Defined Benefits Fund for 2018-19 235
Note 22. Operating Lease Income
2018 2017
The Council has leased properties to various tenants under commercial
lease arrangements.
The minimum lease receipts are as follows:
Not later than one year 255 357
One to five years 290 484
Later than five years - -
17 545 841
Page 35
Section 76
Financial Statements 2018
Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2018
Note 23. Equity Investments
Accounting Recognition:
As at 1 July 2010 a water distribution and retail business called Unitywater was established in accordance with the
South-East Queensland Water (Distribution and Retail Restructuring) Act 2009 to deliver water and waste water
services to customers within the local government areas of Moreton Bay Regional Council, Sunshine Coast
Regional Council and Noosa Shire Council.
Under the Act, governance arrangements for Unitywater were established in a Participation Agreement which
commenced from 1 July 2010. The agreement provides for participation rights to be held by the participating
Councils. The participating Councils are Noosa Shire Council, Moreton Bay Regional Council and the Sunshine
Coast Regional Council. The Participation Rights effectively represent an investment in an associate by Noosa
Shire Council.
Investment in Associates are accounted for using the Equity Accounting Method - and are disclosed as a one
line entry in both the Income Statement and Statement of Financial Position.
Council's Share of Net Income Council's Share of Net Assets
2018 2017 2018 2017
$'000 $'000 $'000 $'000
Investment in Associate 5,075 5,759 81,559 76,515
Total 5,075 5,759 81,559 76,515
Associates
Council has incorporated the following Associate into its Financial Statements.
(a) Net Carrying Amounts - Council's Share
Nature of Measurement 2018 2017
Name of Entity Relationship Method $'000 $'000
Unitywater Associate Equity 78,377 73,332
Total Carrying Amounts 78,377 73,332
(b) Details
Place of
Name of Entity Principal Activity Business
Moreton Bay,
Sunshine
Unitywater Water and Wastewater Services Coast &
Noosa
Regions
(c) Relevant Interests and Fair Values Quoted Interest in Interest in Participation
Fair Value Outputs Ownership Portion
Name of Entity 2018 2017 2018 2017 2018 2017 2018 2017
Unitywater 4.25% 4.25%
Page 36
Section 77
Financial Statements 2018
Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2018
Note 23. Equity Investments (continued)
2018 2017
$'000 $'000
(d) Summarised financial information for associate is set out below
Summarised Statement of Financial Position - Councils Share Unitywater
2018 2017
Assets 160,562 153,831
Total Assets - - 160,562 153,831
Liabilities 79,003 77,316
Total Liabilities - - 79,003 77,316
Net Assets - - 81,559 76,515
Reconciliation of the Carrying Amount of Participation Rights
Opening Net Assets (1 July) - 73,332 69,141
Profit/(Loss) for the period 5,075 5,759
Dividends Payable (30) (1,568)
Closing Participation Rights - - 78,377 73,332
Council's share in % 4.25% 4.25%
Council's share in $ 81,559 76,515
Summarised Statement of Comprehensive Income - Councils Share Unitywater
2018 2017
2018 2017 $'000 $'000
Income 29,591 28,455
Income Tax Expense (3,682) (1,905)
Total Expenses (20,834) (20,791)
Profit/(Loss) for Period - - 5,075 5,759
Total Comprehensive Income - - 5,075 5,759
Dividends received by Council 30 1,567
Page 37
Section 78
Financial Statements 2018
Noosa Shire Council
Notes to the Financial Statements
for the year ended 30 June 2018
Note 24. Trust Funds
2018 2017
Notes $'000 $'000
Trust funds held for outside parties
Monies collected or held on behalf of other entities yet to be paid out to or on
behalf of those entities 3,387 3,372
3,387 3,372
Noosa Shire Council performs only a custodial role in respect of these monies. As
these funds cannot be used for Council purposes, they are not brought to account
in these financial statements.
Note 25. Reconciliation of Net Result for the year to Net
Cash Inflow/(Outflow) from Operating Activities
2018 2017
Net operating result from Income Statement 593 17,124
Non-cash items
Depreciation and amortisation 8 15,120 17,671
Non cash capital contributions (4,906) (3,217)
Impairment of receivables and bad debts written off 13 17
Interest expense capitalised in QTC loans 2,104 2,188
12,331 16,659
Losses/(Gains) recognised on fair value re-measurements through the P&L
Investment properties 238 (255)
Unwinding of Discount Rates on Reinstatement Provisions 94 2,065
332 1,810
Investing and development activities
Loss on write-off and disposal of assets 24,036 1,563
Capital grants and contributions 4 (6,369) (6,313)
Share of net (profits)/losses of Associates (5,075) (5,759)
12,592 (10,509)
Changes in operating assets and liabilities:
(Increase)/Decrease in receivables (1,194) (1,327)
(Increase)/Decrease in inventories 105 (174)
Increase/(Decrease) in other assets 30 1,568
Increase/(Decrease) in payables and accruals (289) 3,525
Increase/(Decrease) in other liabilities 203 511
Increase/(Decrease) in employee leave entitlements 372 (104)
Increase/(Decrease) in other provisions (13) (17)
(786) 3,982
Net cash inflow from Operating Activities 25,062 29,066
Page 38
The text continues on section 79.