BUDGET REVIEW 2 (BR2) FOR THE 2024/25 FINANCIAL YEAR · Attachment 3 - BR2 Statement of Income and Expenditure 2024-25

Attachment 3 - Statement of Income and Expenditure (BR2)

Noosa Council
Statement of Income and Expenditure
For the Year Ended 30 June 2025
                                                   Current BR1      Proposed     Revised BR2
                                                        Budget    Adjustments         Budget
                                                        ($'000)        ($'000)        ($'000)

Revenue
  Recurrent Revenue
  Rates, Levies & Annual Charges                        94,398            (90)         94,308
  Fees & Charges                                        10,936              50         10,986
  Interest received                                      3,150            561           3,711
  Sale of Goods and major services                      15,632            312          15,944
  Sale of contract and recoverable works                     -               -              -
  Rental & lease income                                  2,273            (39)          2,234
  Other recurrent income                                 1,001             (5)            996
  Grants, subsidies, contributions and donations         6,653            519           7,173
  Unitywater Distributions                               5,950                          5,950
                                                       139,993          1,309         141,302
Expenses
  Recurrent Expenses
  Employee benefits                                     52,577            560          53,138
  Materials & services                                  62,343            470          62,813
  Finance costs                                          3,032              -           3,032
  Depreciation                                          21,936              -          21,936
  Other expenses                                           245              -             245
                                                       140,133          1,030         141,164

Operating Result                                          (140)           278            138


Summary of Capital Revenue and Expenditure
Capital Revenue
  Capital contributions and donations                    1,200               -         1,200
  Contributed Assets                                     1,500               -         1,500
  Grants, subsidies, contributions and donations        92,983         (2,519)        90,464
  Cash / revenue                                        33,411           (158)        33,253
  New loan borrowings                                    5,000         (5,000)             -
  Other capital revenue                                      -               -             -
Total Capital Revenue                                  134,094         (7,677)       126,417

Capital Expenditure
  Contributed assets                                     1,500               -         1,500
  Capital works - constructed assets                   119,906         (7,755)       112,151
  Capital works - other capital                         11,447              78        11,525
  Loan redemption                                        1,241               -         1,241
  Other capital expenses                                     -               -             -
Total Capital Expenditure                              134,094         (7,677)       126,417