FINANCIAL PERFORMANCE REPORT – APRIL 2025 · Attachment 1 Statement of Income and Expenditure - Apr 2025

Attachment 1 - Statement of Income and Expenditure


Noosa Council
Statement of Income and Expenditure
For the Year Ended 30 June 2025
As at 30 April 2025
                                                           Current    Current                                    Prior Year
                                                           Budget     Budget     Actual    Variance     Annual       Actual
                                                              2025        YTD       YTD         YTD     Budget         YTD
                                                            ($'000)    ($'000)   ($'000)     ($'000)      %         ($'000)
Profit and Loss Statement

Revenue
   Recurrent Revenue
   Rates, levies and charges                                94,308     94,240     94,066       (174)     100%        88,888
   Fees and charges                                         10,986      9,208      8,480       (728)     77%          7,837
   Interest received                                         3,711      3,454      5,614       2,160     151%         5,945
   Sale of Goods and major services                         15,914     13,345     13,855         510     87%         13,783
   Sale of contract and recoverable works                       31         13         13          (0)     43%             0
   Rental & lease income                                     2,234      1,966      1,836       (131)     82%          1,429
   Other income                                                981        780      1,238         458     126%         1,386
   Grants, subsidies, contributions and donations            7,169      5,070      5,215         146     73%          3,412
   Unitywater Distributions                                  5,950      4,009      3,987         (23)    67%          3,271
                                                           141,283    132,085    134,303       2,218     95%        125,951
Expenses
   Recurrent Expenses
   Employee benefits                                        53,122     43,621     42,967         654     81%         38,863
   Materials and services                                   62,809     48,076     48,681       (605)     78%         46,561
   Finance costs                                             3,032      2,085      1,860         225     61%          1,131
   Depreciation                                             21,936     18,280     18,312        (32)     83%         17,748
   Other expenses                                              246        194        142          51     58%            128
                                                           141,145    112,255    111,962         293     79%        104,431

Operating Result                                               138     19,830     22,341       2,511                 21,521

Summary of Capital Expenditure and Funding

Capital Funding
   Capital cash contributions and infrastructure charges     1,429      1,009      1,235         226     86%          2,126
   Contributed assets                                        1,500        692      1,770       1,078     118%         3,017
   Capital grants and subsidies                             90,464     44,954     53,357       8,403     59%         27,250
   Cash / revenue                                           33,025     69,739     18,726    (51,014)     57%         28,369
   New loan borrowings                                           -          -          -           -      0%              -
   Other capital revenue                                         -          -          -           -      0%             18
Total Capital Funding                                      126,418    116,395     75,088    (41,307)                 60,779

Capital Expenditure
   Contributed assets                                        1,500        692      1,770       1,078     118%         3,017
   Capital works - constructed assets                      112,895    105,239     61,999    (43,239)     55%         49,688
   Capital works - other capital                            10,782      9,223      3,745     (5,478)     35%          1,961
   Loan redemption                                           1,241      1,241      1,241           -     100%         1,210
   Other capital expenses                                        -          -      6,333       6,333      0%          4,903
Total Capital Expenditure                                  126,418    116,395     75,088    (41,307)                 60,779