02 Financial Performance Report - Aug 2021

GENERAL COMMITTEE MEETING AGENDA                                                                                                                   13 SEPTEMBER 2021


Figure 3: Operating Expenditure Position by Type

$10.0
                                                     $8.7 $8.5
 $9.0
                                                                                                      YTD Budget ($m)
 $8.0
                                                                                                      YTD Actual ($m)
 $7.0
 $6.0       $5.6
                           $5.2
 $5.0
 $4.0                                                                                                         $3.3 $3.3
 $3.0
 $2.0
 $1.0                                                                        $0.2 $0.2                                                             $0.0 $0.0
 $0.0


                                                                                    Finance Costs
                                                        Materials




                                                                                                                 Depreciation
               Employees




                                                                                                                                                        Other
Tourism and Economic Development Investment
Council resolved to report on a monthly basis investment details for tourism and economic
development. Expenditure as at 31 August 2021 is outlined below, which includes the first instalment
payment to Tourism Noosa under the funding agreement.
 Expenditure                                                        Budget                    YTD              Actual
                                                                       $m                   Budget                $m
                                                                                               $m
 Payment to Tourism Noosa                                            $2.52                          $1.26       $1.26
 Economic Development                                                $0.95                          $0.09       $0.09
 Total                                                               $3.47                          $1.35       $1.35

Capital Revenue
YTD capital revenue of $3.6 million received comprises cash contributions from developers ($880k)
and capital grants ($2.7 million). Note that the timing of capital grant receipts are generally dependent
on the timing of grant conditions and also capital delivery performance, and that the timing of the
receipt of developer contributions (both cash and contributed) is unpredictable.

Figure 4: Capital Revenue by Type

 $3.0                                                                    $2.8                       $2.8

 $2.5
                                                                                                                 YTD Budget ($m)
                                                                                                                 YTD Actual ($m)
 $2.0

 $1.5

 $1.0                                         $0.9

                   $0.5
 $0.5
                                                                                                                                $-                 $-
 $0.0
                              Contributions




                                                                                Subsidies




                                                                                                                                     Contributed
                                                                                 Grants /




                                                                                                                                       Assets
                                 Cash