Financial Performance Report – November 2023 · Financial Performance Report

GENERAL COMMITTEE MEETING                                                       11 DECEMBER 2023


 Category             Summary                      Comments
                                                         •   Cemeteries $32.0k below budget (12.7%
                                                             or $41.3k of $325.6k annual budget spent)


 Finance Costs        Currently on track                 •   Whilst existing loan borrowings are set
                                                             with fixed interest rates, any further RBA
                                                             rate rises will impact finance costs on new
                                                             loan borrowings.
 Depreciation         Currently on track           Nil
 Other Expenses       Currently on track           Nil

Figure 3: Operating Expenditure Position by Type




Tourism and Economic Development Investment Summary
Council resolved to report on a monthly basis, investment details for tourism and economic
development. Expenditure at 30 November 2023 is outlined below:




The first instalment payable under the Tourism Noosa agreement for the 2023-24 financial year was
made in July.

Tourism and economic development activity is funded through the general rate, with 5.8% of the
annual general rate committed towards tourism and economic development. Should actual general
rate revenue fall below budget, this does not impact Council’s contractual commitment to fully fund
its contribution to Tourism Noosa and all associated tourism activity. Any general rate revenue
shortfall is funded through other general revenue sources to ensure all planned activities are
undertaken in full.