Meeting papers

      Where was the budget spent?                                                                                                  Operating revenue – where the money came from
      Council spends significant amounts of ratepayer funds providing a range of services to the Noosa community.                  Throughout the financial year, Council received a total of $123.7 million in operating revenues (rates, fees,
                                                                                                                                   operating grants), $24.6 million in capital revenues (developer contributions, capital grants) and $5.8 million
      A summary of the cost of the services for our major service areas is provided in Figure 2. Spending on these                 recorded as revenue from Council’s share of investment in Unitywater.
      services (including roads, bridges, parks, community facilities and waste management) makes up a significant
      component of Council’s annual budget.                                                                                        Figure 4 outlines the sources of Council’s operating revenues including Unitywater distributions received in 2022/23.


      Figure 2                                                                                                                     Key Council revenue sources include:
      Operating Cost of Core Council Services 2022/23 ($’000)
                                                                                                                                   — Rates and utility charges comprising general rates, charges for waste collection and disposal, special rates
                                                                                                                                     such as the environment levy as well as other separate rates and special charges.
          $30,000

          $25,000
                                                                                                                                   — 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.
          $20,000

           $15,000
                                                                                                                                   — Interest revenue includes the return from the investment of available cash.
           $10,000




                                                                                                                                                                                                                                                                  Noosa Council Annual Report 2022 - 2023
           $5,000                                                                                                                  — Revenue from other income includes tax payments from Council’s shareholding in Unitywater.
               $0
                                                                                                                                   Figure 4
                                                                                                                                   Operating Revenue Sources 2022/23

                                                                                                                                                                                                3% Other Income



                                                                                                                                                                                                                   17% Fees & Charges



      Statement of Comprehensive Income
      This statement (also known as the profit and loss)             Figure 3                                                                                                                                                  3% Interest Revenue
      measures how Council performed financially in relation to      Council Net Result Financial Performance 2022/23 ($’000)
      funding its operations during the financial year. In simple
                                                                                                                                                                                                                                6% Grants & Other
      terms, it summarises how much money was received                                                2021/22        2022/23                                                                                                       Revenue
      by Council and how much was spent in a particular                                                ($’000)        ($’000)
      year. Figure 3 summarises Council’s 2022/23 financial                                                                           64%Rates & Utility Charges

      performance.                                                      Revenue                         135,376         151,193
                                                                                                                                                                                                                            7% Unitywater


      The 2022/23 net result of $16.7 million includes non-             Expenses                         117,416       134,430
      operational items such as revenue received specifically
                                                                        Net Result                       17,960         16,763
      to fund capital expenditure (including grants and
      subsidies and developer contributions), Council’s share of
      Unitywater’s annual profit and movements in investment         The removal of $12.6 million of non-operational items         The above breakdown in operating revenue confirms that Council continues to have significant control over the
      property valuations. This result also includes an increase     shows Council’s actual operating deficit to be $4.1 million   majority of its income sources, and as a result is not reliant on other levels of government or external agencies to
      in Council’s landfill restoration provision of $8.8 million.   (including the equity share of profit in Unitywater).         maintain its financial independence.

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