Meeting papers

      Operating expenditure – where the money goes                                                                          Statement of Financial Position
      Council expended a total of $125.4 million in undertaking                                                             The Statement of Financial Position (or balance sheet) measures what Council owns (i.e. its assets), and
      operating activities during the financial year.                                                                       what we owe (i.e. liabilities) to determine the total community equity (net worth) at the end of each financial
                                                                                                                            year. Overall, Council’s investment in community capital continues to grow steadily.
      Figure 5 presents a breakdown by expenditure type for
      operating expenditure incurred during 2022/23.                                                                        Figure 6 summarises the movement in Council’s assets
                                                                                                                            and liabilities that comprise community equity.
      Figure 5
      Operating Expenses by Function 2022/23                                                                                Figure 6
                                                                                                                            Comparative Statement of Financial Position 2022/23 ($’000)
                                                                  8% Finance & Other Costs


                                                                                                                                                                       2021/22    2022/23
                                                                                             16% Depreciation
                                                                                                                                                                        ($’000)    ($’000)

                                                                                                                               Assets                                 1,443,840    1,497,225

                                                                                                                               Liabilities                              94,032       117,792




                                                                                                                                                                                                                                                               Noosa Council Annual Report 2022 - 2023
                                                                                                                               Community Equity                       1,349,808   1,379,433



             43% Materials & Services
                                                                                                                            Figure 7 shows Council’s cash and debt holdings (including investments) as at 30 June 2023 compared to the
                                                                                                                            previous year.

                                                                                                                            Cash levels have increased due to sustainable cash management practices, the advance payment of multi-
                                                                                                    33% Employee Benefits
                                                                                                                            year waste levy subsidies, increased capital grant funding and the timing of capital works projects. Debt
                                                                                                                            levels have remained consistent as Council continues to strengthen its debt position. Overall, our net cash
                                                                                                                            position (i.e. cash less debt) continues to be strong with an increase of $18.0 million year on year.


                                                                                                                            Figure 7
                                                                                                                            Cash and Debt Comparison 2022/23 ($’000)
      Key Council expenditure sources include:

                                                                                                                             $140,000
      — Employee benefits - includes staff wages, superannuation, fees paid to Councillors and other employment costs.
                                                                                                                             $120,000
      — Depreciation expenditure – records the consumption of community infrastructure assets over their respective
                                                                                                                             $100,000
        useful lives and 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       $80,000

        depreciation charge.                                                                                                  $60,000

      — Materials and services – includes information communication technology, consultancy services, contractor              $40,000

        services, electricity, external hire, rentals, repairs and maintenance, and advertising and donations.                $20,000

      — Finance and other costs – include interest paid on loan borrowings, bank charges and movements in the provision           $0
                                                                                                                                             Cash (inc Investments)                     Debt                  2021/22 ($,000)   2022/23 ($,000)
        for future landfill rehabilitation costs.




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