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2020-11-16 General Committee Agenda
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AGENDA
General Committee
Meeting
Monday, 16 November 2020
commencing at 10am
Council Chambers, 9 Pelican Street, Tewantin
Committee: Crs Frank Wilkie (Chair), Karen Finzel, Joe Jurisevic, Amelia
Lorentson, Clare Stewart, Brian Stockwell, Tom Wegener
“Noosa Shire – different by nature”
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Section 2
GENERAL COMMITTEE MEETING AGENDA 16 NOVEMBER 2020
TABLE OF CONTENTS
ITEM PAGE
1 ATTENDANCE & APOLOGIES 3
2 CONFIRMATION OF MINUTES 3
3 PRESENTATIONS 3
4 DEPUTATIONS 3
5 ITEMS REFERRED FROM COMMITTEES 3
1 132008.1128.04 REQUEST TO CHANGE AN EXISTING APPROVAL FOR
MULTIPLE HOUSING - TYPE 3 RETIREMENT & SPECIAL NEEDS;
COMMERCIAL BUSINESS - TYPE 2 MEDICAL AND RECONFIGURING A
LOT (1 INTO 2 LOTS) AT GRASSTREE COURT AND BEN LEXCEN DRIVE,
SUNRISE BEACH 3
2 MCU19/0134 PLANNING & ENVIRONMENT COURT APPEAL NO. D67 OF
2020 - REFUSAL OF AN APPLICATION FOR A BAR AT 5 TAYLOR COURT,
COOROY 3
3 PLANNING &
ENVIRONMENT COURT APPEAL NO. D144 OF 2019 - APPLICATION FOR
BUILDING WORKS AT 54 SEAVIEW TCE, SUNSHINE BEACH 3
4 LOCAL GOVERNMENT GOVERNANCE REFORM 3
5 INFRASTRUCTURE SERVICES DEPARTMENT UPDATE – 1ST QUARTER
2020-21 3
6 REPORTS DIRECT TO GENERAL COMMITTEE 4
6 NOOSA COUNCIL 2019-20 ANNUAL REPORT 4
7 FINANCIAL PERFORMANCE REPORT – OCTOBER 2020 6
7 CLOSED SESSION 19
Page 2 of 19
Section 3
GENERAL COMMITTEE MEETING AGENDA 16 NOVEMBER 2020
1 ATTENDANCE & APOLOGIES
2 CONFIRMATION OF MINUTES
The Minutes of the General Committee Meeting held on 12 October 2020 be received and
confirmed.
3 PRESENTATIONS
Nil.
4 DEPUTATIONS
Nil.
5 ITEMS REFERRED FROM COMMITTEES
PLANNING & ENVIRONMENT COMMITTEE
1 132008.1128.04 REQUEST TO CHANGE AN EXISTING APPROVAL FOR
MULTIPLE HOUSING - TYPE 3 RETIREMENT & SPECIAL NEEDS; COMMERCIAL
BUSINESS - TYPE 2 MEDICAL AND RECONFIGURING A LOT (1 INTO 2 LOTS) AT
GRASSTREE COURT AND BEN LEXCEN DRIVE, SUNRISE BEACH
(Planning & Environment Committee Agenda, 10 November 2020, Item 2, Page 16)
Reason for referral – Significance of the issue
2 MCU19/0134 PLANNING & ENVIRONMENT COURT APPEAL NO. D67 OF 2020 -
REFUSAL OF AN APPLICATION FOR A BAR AT 5 TAYLOR COURT, COOROY
(Planning & Environment Committee Agenda, 10 November 2020, Item 3, Page 54)
Reason for referral – Significance of the issue
3 PLANNING & ENVIRONMENT
COURT APPEAL NO. D144 OF 2019 - APPLICATION FOR BUILDING WORKS AT
54 SEAVIEW TCE, SUNSHINE BEACH
(Planning & Environment Committee Agenda, 10 November 2020, Item 6, Page 80)
Reason for referral – Significance of the issue
SERVICES & ORGANISATION COMMITTEE
4 LOCAL GOVERNMENT GOVERNANCE REFORM
(Services & Organisation Committee Agenda, 10 November 2020, Item 4, Page 17)
Reason for referral – Significance of the issue
5 INFRASTRUCTURE SERVICES DEPARTMENT UPDATE – 1ST QUARTER 2020-21
(Services & Organisation Committee Agenda, 10 November 2020, Item 7, Page 98)
Reason for referral – For further consideration
Page 3 of 19
Section 4
GENERAL COMMITTEE MEETING AGENDA 16 NOVEMBER 2020
6 REPORTS DIRECT TO GENERAL COMMITTEE
6 NOOSA COUNCIL 2019-20 ANNUAL REPORT
Author Director Executive Services, Debra Iezzi
Executive Services Department
Index ECM/ Meetings / 27.80 Executive Services
Attachments 1. Noosa Council 2019-20 Annual Report
(Note: Attachment provided separately to this report)
EXECUTIVE SUMMARY
Not applicable.
RECOMMENDATION
That Council note the report by the Director Executive Services to the General Committee Meeting
dated 16 November 2020 and:
A. Adopt the Noosa Council 2019-20 Annual Report incorporating the 2019-20 Audited
Financial Statements provided as Attachment 1 to this report.
B. Authorise the Chief Executive Officer to make any required minor amendments to the
document prior to publication.
REPORT
1. Annual Report & Financial Statements
The development and publication of an Annual Report by Queensland local governments is a
requirement under the Local Government Regulation 2012 (“the Regulation”).
The purpose of the Annual Report is to inform the community about Council’s activities and
financial performance throughout the 2019/20 financial year.
The Regulation prescribes a range of disclosures which must be included within the report relating
primarily to accountability matters, financial matters (which may be of interest to the community in
terms of the amounts spent and justification of expenditure) and Council’s progress towards
achieving its Corporate Plan objectives.
The Annual Report has been compiled in accordance with the Annual Report Compliance Checklist
2019-20 (Checklist) provided by the Department of Local Government, Racing and Multicultural
Affairs to ensure that all of the prescribed disclosures under the Regulation are included in the
document.
Council’s Financial Statements which were signed by a delegate of the Auditor General
Queensland on 26 October 2020, and in accordance with the Auditor General Act 2009, confirm:
The prescribed requirements in relation to the establishment and keeping of accounts have
been complied with in all material respects;
The Financial Report:
Page 4 of 19
Section 5
GENERAL COMMITTEE MEETING AGENDA 16 NOVEMBER 2020
(a) Gives a true and fair view of the Council’s financial position as at 30 June 2020, and of
its financial performance and cash flows for the year then ended; and
(b) Complies with the Local Government Act 2009, the Local Government Regulation 2012
and Australian Accounting Standards.
The Community Financial Report (provided from page 57 of the Annual Report) has been prepared
by Council’s Financial Services Branch and provides readers with an easy to follow summary and
analysis of Council’s financial position for the 2019/20 financial year.
2. Publication Requirements
Pursuant to section 182 of the Local Government Regulation 2012 (“the Regulation”), a local
government must:
Adopt its annual report within one month after the day the Auditor-General gives the Auditor-
General’s audit report about the local government’s financial statements for the financial year
to the local government; and
Publish its annual report on its website within two weeks of adopting the annual report.
Previous Council Consideration
Nil.
Finance
Graphic design for the Annual Report was outsourced and cost Council $1,200 (ex. GST).
Risks & Opportunities
The Annual Report forms part of Council’s commitment to delivering transparency to the
community and legislative compliance. Failing to ensure the accuracy of the prescribed disclosures
exposes Council to a risk of legislative non-compliance and reputational damage.
Consultation
External Consultation - Community & Stakeholder
The draft Noosa Council 2019-20 Annual Report was presented to Council’s Audit and Risk
Committee on 23 October 2020 and has been reviewed by the Queensland Audit Office.
Internal Consultation
The development of the Annual Report is the end product of extensive internal consultation in
terms of collecting and verifying the information contained within it.
Departments/Sections Consulted:
X Chief Executive Officer X Community Services X Corporate Services
Executive Officer Director Director
Executive Support Community Development Financial Services
Community Facilities ICT
Libraries & Galleries Procurement & Fleet
Local Laws Property
Waste & Environmental Health Revenue Services
X Executive Services X Environment & Sustainable Development X Infrastructure Services
Director Director Director
Community Engagement Building & Plumbing Services Asset Management
Customer Service Development Assessment Buildings and Facilities
Governance Economic Development Civil Operations
People and Culture Environmental Services Disaster Management
Strategic Land Use Planning Infrastructure Planning,
Design and Delivery
Page 5 of 19
Section 6
GENERAL COMMITTEE MEETING AGENDA 16 NOVEMBER 2020
7 FINANCIAL PERFORMANCE REPORT – OCTOBER 2020
Author Manager Financial Services, Trent Grauf
Corporate Services Department
Index ECM/ Subject/ 22.09 – Monthly Financial Performance Report
Attachments 1. Statement of Income and Expenditure (Profit & Loss and Capital)
2. Statement of Financial Position
3. Statement of Cash Flows
4. Summary of Materials and Services Expenditure
EXECUTIVE SUMMARY
Year to date (YTD) operating performance against current budget as at 31 October 2020 is
positive, with operating revenues performing above forecast due to Council facilities and business
activity sales revenue outperforming COVID-19 budget assumptions. The budget review 2 (BR2)
process, which addresses any realised budget variations or emergent requests, is currently
underway and will be presented to the December round of Council meetings.
YTD Financial Performance Summary
Budget Actual Variance Variance Status
$m $m $m %
Operating Revenue $42.2 $44.7 $2.5 5.9% On Track
Operating Expense $31.1 $30.9 $0.2 0.8% On Track
Operating Position $11.1 $13.9 $2.7 24.6%
Capital Revenue $3.4 $4.0 $0.5 15.6% On Track
Capital Expenditure $8.4 $8.5 -$0.1 -0.9% On Track
Financial statements including Statement of Income & Expenditure, Statement of Financial
Position (balance sheet), and Statement of Cash Flows are included as attachments for information
for Council.
Figure 1: Actual Performance Compared to Budget
$50
YTD Budget ($m)
$44.7
$45 $42.2
YTD Actual ($m)
$40
$35 $31.1 $30.9
$30
$25
$20
$15
$10
$5
$-
Operating Revenue Operating Expenditure
Page 6 of 19
Section 7
GENERAL COMMITTEE MEETING AGENDA 16 NOVEMBER 2020
Council’s performance against key measures of financial sustainability have been calculated as at
October 2020. These indicators enable the reader to assess Council’s success in managing its
budget, cash and debt as well as undertaking sustainable asset management. The table below
contains a snapshot of a number of key measures, with full detail included in the report.
YTD Measures of Financial Sustainability
Target Current Actual YTD
Budget
Operating Surplus Ratio 0-10% -2.3% 31.0% On Track
Net Financial Liabilities Ratio <60% -6.3% -48.7% On Track
Cash Cover Ratio 3 months 6.6 months 10.7 months On Track
Asset Sustainability Ratio > 90% 101.5% 39.7% On Track
RECOMMENDATION
That Council note the report by the Manager Financial Services to the General Committee Meeting
dated 16 November 2020 outlining October 2020 year to date financial performance against
budget, including performance against key financial sustainability indicators.
REPORT
Operating Revenue (YTD Benchmark 33.3%)
Council has received 46% ($44.7 million) of its operating revenue budget ($96.6 million).
Commentary on each revenue category is provided below.
Category Summary Comments
Rates and Levies $34.5 million (50%) of the Waste utility charges $369k above YTD budget
annual budget of $68.4 (53% or $6.5 million of $12.3 million budget
million has been earned earned), due to recovery of commercial
collection services previously impacted by the
COVID-19 pandemic (partially offset by
additional contractor operating costs)
Fees and $2.6 million (39%) of the $6.6 Building application fees $69k above YTD
Charges million annual budget has budget (43% or $288k of $667k budget earned)
been earned Plumbing application fees $59k above YTD
budget (38% or $382k of $1.0 million budget
earned)
Environmental Health licences $56k below YTD
(81% of $237k of $292k budget earned) –
reduced licences following COVID-19 pandemic
business closures
Sale of Goods $3.5 million (48%) of the $7.3 Holiday Park sales $661k above YTD budget
and Services million budget has been (74% or $1.2 million of $1.6 million budget
received earned) – Parks have reopened earlier than
forecast following COVID-19 pandemic
closures. Any positive revenue variances that
hold through the financial year will be partially
offset by additional variable operating costs
Community Facilities (NAC, NLC and The J)
$534k above YTD budget (46% or $675k of $1.5
million budget earned) – Facilities have
reopened earlier than forecast following
COVID-19 pandemic closures. Any positive
Page 7 of 19
Section 8
GENERAL COMMITTEE MEETING AGENDA 16 NOVEMBER 2020
Category Summary Comments
revenue variances that hold through the
financial year will also be partially offset by
additional variable operating costs
Waste management disposal fees and sale of
recoverable materials $208k above YTD budget
(38% or $1.5 million of $4.0 million budget
earned)
Interest $278k (32%) of the $870k Interest revenues on cash invested will need
Received annual budget has been ongoing monitoring given further recent interest
earned rate cuts and impacts on term deposit / cash
fund rates
Unitywater On track Nil
Dividend and
Tax
Other Revenue $754k (38%) of the $2.0 Recoupment of Unitywater charges from
million budget has been lessees $82k above YTD budget - offset by
earned additional utility charge expenses
Operating $2.1 million (37%) of the $5.8 Disaster resilience and recovery grant of $152k
Grants, million budget has been received for 2019 fire events (not budgeted)
Subsidies received 50% ($1.2 million) of the financial assistance
grant was prepaid in May 2020 and may impact
on Council’s 2020/21 final operating position if
the prepayment approach is discontinued by the
Australian government
All operating grants are in line with budget
expectations at this stage
Unitywater On track Unitywater distributions are fixed each year so
Distributions there is little budget variance risk
Unitywater have advised that distributions will
not change due to any COVID-19 impacts on its
financial position
Figure 2: Operating Revenue Position by Type (Excluding Rates)
$4.0
$3.5
$3.5
YTD Budget ($m)
$3.0 $2.5 $2.6 YTD Actual ($m)
$2.5 $2.1
$2.1
$2.0 $1.8
$1.5
$0.9 $0.9
$1.0
$0.5
$0.3 $0.4 $0.4 $0.3
$0.2 $0.1
$0.0
Charges
Other
Income
Grants
Unitywater
Goods &
Services
Sales of
Rental
Interest
Fees &
Share of
Page 8 of 19
Section 9
GENERAL COMMITTEE MEETING AGENDA 16 NOVEMBER 2020
Operating Expenditure (YTD Benchmark 33.3%)
Actual operating expenditure is currently 31% ($30.9 million) of full year budget ($98.8 million).
Detailed commentary for each expenditure category is provided below.
Category Summary Comments
Employee Costs $10.1 million (29%) of the Under expenditure for permanent staff salaries
annual budget of $34.8 and wages ($1.0 million) partially offset by
million has been expended additional spend on casual staff and external
labour hire ($350k)
Materials and $13.9 million (32%) of the Parks and Landscapes $125k below YTD
Services $43.3 million annual budget budget (26% or $1.2 million of $4.6 million
has been expended. budget spent) – reactive arborist work
anticipated to increase during the next few
months (storm season)
Works operations $108k above YTD budget
(24% or $784k of $3.3 million budget spent) –
sealed and gravel road maintenance works
Holiday parks $146k above YTD budget (48%
or $409k of $861k budget spent) – variable
operating costs from parks reopening earlier
than budgeted following COVID-19 pandemic
related closures - offset by additional revenues
Finance Costs On track Nil
Depreciation On track Nil
Other Expenses On track Nil
Figure 3: Operating Expenditure Position by Type
$16.0
$13.8 $13.9
$14.0 YTD Budget ($m)
$12.0 $10.5 $10.1 YTD Actual ($m)
$10.0
$8.0
$6.3 $6.3
$6.0
$4.0
$2.0
$0.4 $0.5 $0.1 $0.1
$0.0
Finance Costs
Materials
Depreciation
Employees
Other
Page 9 of 19
Section 10
GENERAL COMMITTEE MEETING AGENDA 16 NOVEMBER 2020
Capital Revenue
YTD capital revenue of $4.0 million received comprises cash contributions from developers ($427k)
and capital grants ($3.5 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
$4.0
$3.5
$3.5
$3.0 YTD Budget ($m)
$3.0
YTD Actual ($m)
$2.5
$2.0
$1.5
$1.0
$0.4 $0.4
$0.5
$0.0 $0.0
$0.0
Contributions
Subsidies
Contributed
Grants /
Assets
Cash
Capital Program
Actual capital expenditure (excluding commitments) is $8.5 million (YTD budget $8.4 million).
Detailed discussion of progress in the delivery of the capital works program is provided through a
separate report by the Asset Planning Manager.
Figure 5: Capital Program Delivery Performance
$7.0 $6.4
$6.3
$6.0 YTD Budget ($m)
YTD Actual ($m)
$5.0
$4.0
$3.0
$2.0
$1.2 $1.2
$0.8 $0.8
$1.0
$0.0
Capital works Other capital Loan redemption
Page 10 of 19
Section 11
GENERAL COMMITTEE MEETING AGENDA 16 NOVEMBER 2020
Cash Management and Investment Performance
Total cash on hand at the end of October was $70 million. Included in this balance are funds held
in trust and for restricted purposes (e.g. unexpended levy and grant funds), prepaid grants
including the financial assistance grant and other capital works grants, the July rates payments as
well as any other monies committed for funding capital projects which are underway and will
continue during the financial year.
The following pie charts present the mix of cash held at October 2020 by agency (graph on the
left) and by credit risk rating (graph on the right). All funds have been invested in accordance with
the Investment Policy and in consideration of the principles of ethical investment, preservation of
capital, return on investment and counterparty thresholds.
Figure 6: Closing Cash Held by Agency and Credit Rating
CBA A1 +
10% (CBA +…
QTC A1 +
90% (QTC…
The following chart monitors the 12 month trend on total cash and the agencies invested. Cash
balances will decline between September and January as cash from the bi-annual issue of rates
and levies in July are utilised to fund Council operations. During October, $5 million was withdrawn
from QTC investments.
Figure 7: 12 Month Trend of Cash Invested by Agency
90,000,000
80,000,000
70,000,000
60,000,000
50,000,000
40,000,000
30,000,000
20,000,000
10,000,000
-
Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20
Bendigo TD Westpac TD NAB TD Suncorp TD CBA TD QTC CBA Operating
Page 11 of 19
Section 12
GENERAL COMMITTEE MEETING AGENDA 16 NOVEMBER 2020
Borrowings
The debt restructure review is underway with the Queensland Treasury Corporation. Once the
review has been completed a report will be provided to a future Council meeting outlining the
findings and potentially recommending any actions that provides a positive net benefit to
ratepayers.
Measures of Financial Sustainability
The following table incorporates a set of financial sustainability indicators to further assist in
managing Council financial performance. There are no current emerging risks regarding financial
performance year to date.
Category Comments
Operating Surplus Ratio Intent: Identifies the extent to
90% which revenues cover operational
80%
expenses, to ensure community
70%
equity is not degraded
60% Target: 0 – 10%
50% Result: 31.0%
40% Comment: The high ratio reflects
30% the levying of rates in July, which
20% is degrading as expenditure
10% occurs on operations through to
0% the next rate run in January 2021
-10%
July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June
Actual Budget Minimum Target
Cash Expense Cover Intent: Indicates how long
14.0 Council can continue paying its
day-to-day expenses from cash at
Months (Cash to Cover Operations)
12.0 bank without needing additional
10.0 cash flows
Target: > 3 months
8.0
Result: 10.7 months
6.0
Comment: Whilst current cash
4.0 cover remains above target,
business as usual expenditure
2.0
and any other unforseen financial
- impacts through to 30 June 2021
Nov Dec Jan Feb Mar Apr May June July Aug Sep Oct will degrade Council’s cash
Actual Minimum (>0 months) holdings.
Target (3 months) Maximum (6 months)
Page 12 of 19
Section 13
GENERAL COMMITTEE MEETING AGENDA 16 NOVEMBER 2020
Category Comments
Asset Sustainability Ratio Intent: Measures the extent to
120% which assets are being replaced
101.5% as their condition degrades to
100% ensure service potential is
90% maintained
80%
Target: 90% of depreciation
60%
budget spent on renewals
annually
40% Result: In line with budget
Comment: The ratio will
20%
progressively increase each
0% month as expenditure on
July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June renewals occurs.
Actual Renewals Spend Target (90% spend) Renewals Budget
Net Financial Liabilities Ratio Intent: Outlines the level that net
Council debt can be serviced by
80%
operating revenues. A ratio below
60%
60% zero implies that liabilities are less
than cash (and other current
40% assets) and there is adequate
borrowing capacity available if
20% needed.
Target: less than 60%
0%
Target Budget YTD Actual Result: -48.7%
-20% -6.3% Comment: Council has low debt
levels and strong cash holdings.
-40% The July rates revenue and
-48.7%
prepayment of the financial
-60%
assistance grant also inflates the
YTD actual outcome
Investment Return Intent: Ensure appropriate return
on investment yield for cash at
bank.
Target: 0.25% above current
Bloomberg commonwealth 10
year bond rate yield (0.11%)
Result: 0.65%
Comment: Regardless of the
current levels of low long term
bond and interest rates (due to
current economic conditions),
Council’s investment return still
remains above target
Page 13 of 19
Section 14
GENERAL COMMITTEE MEETING AGENDA 16 NOVEMBER 2020
Category Comments
Rates in Arrears Intent: Ensuring that the amount
of unpaid rates remains
12.00%
Percentage of Annual Rates in Arrears
sustainable and does not
10.00% negatively impact cash flows
Target: 5% industry benchmark
8.00%
Result: 7.1%
6.00% Comment: Following issue of
reminder notices in September,
4.00%
rates arrears have reduced and is
2.00%
in line with performance for the
same period in previous years.
0.00%
Nov Dec Jan Feb Mar Apr May June July Aug Sep Oct
Actual Target
Previous Council Consideration
Nil.
Finance
As above.
Risks & Opportunities
Council’s risk register includes a number of risks that could impact on ongoing financial
sustainability. Effective budget management and reporting is an important risk mitigation tool.
Consultation
External Consultation - Community & Stakeholder
Nil.
Internal Consultation
All areas of Council are consulted as part of the regular monitoring of budget performance.
Departments/Sections Consulted:
X Chief Executive Officer X Community Services X Corporate Services
Executive Officer Director X Director
Executive Support Community Development X Financial Services
Community Facilities ICT
Libraries & Galleries Procurement & Fleet
Local Laws Property
Waste & Environmental Health Revenue Services
X Executive Services X Environment & Sustainable Development X Infrastructure Services
Director Director Director
Community Engagement Building & Plumbing Services Asset Management
Customer Service Development Assessment Buildings and Facilities
Governance Economic Development Civil Operations
People and Culture Environmental Services Disaster Management
Strategic Land Use Planning Infrastructure Planning,
Design and Delivery
Page 14 of 19
Section 15
GENERAL COMMITTEE MEETING AGENDA 16 NOVEMBER 2020
Page 15 of 19
GENERAL COMMITTEE MEETING AGENDA 16 NOVEMBER 2020
Profit and Loss Statement
Revenue
Recurrent Revenue
Rates, levies and charges 68,388 34,148 34,525 377 50%
Fees and charges 6.640 2,508 2,608 99 30%
Interest received 870 234 278 44 32%
Sale of Goods and major services 7,281 2,063 3,481 1,418 48%
Sale of contract and recoverable works 23 - 0 0 1%
Rental & lease income 1,197 357 432 75 36%
Other income 771 134 322 188 42%
Grants, subsidies, contributions and donations 5,757 1,838 2,138 301 37%
Unitywater Distributions 5,650 044 044 - 17%
96,575 42,226 44,728 2,503 46%
Expenses
Recurrent Expenses
Employee benefits 34,806 10,550 10,108 442 20%
Materials and services 43,293 13,809 13,851 (41) 32%
Finance costs 1,538 362 501 (139) 33%
Depreciation 18,963 6,321 6,321 (0) 33%
Other expenses 189 54 79 (25) 42%
98,789 31,037 30,860 237 31%
OperatingResult 243) G18
Summary of Capital Revenue and Expenditure
Capital Funding
Capital cash contributions and infrastructure charges 1,521 427 427 - 28%
Contributed assets 2,000 10 10 - 0%
Capital grants and subsidies 11,340 3,002 3,524 523 31%
Cash / revenue 19,001 4,963 4,637 (326) 24%
New loan borrowings 3,420 - - - 0%
Other capital revenue - - 12 12 0%
Total CapitalRevenue BD AON we
Capital Expenditure
Contributed assets 2,000 10 10 - 0%
Capital works - constructed assets 28,692 6,338 6.424 86 22%
Capital works - other capital 4.176 846 834 (12) 20%
Loan redemption 2414 1,207 1,207 - 50%
Other a ai - - 136 136 0%
Page 15 of 19Section 16
GENERAL COMMITTEE MEETING AGENDA 16 NOVEMBER 2020
Page 16 of 19
GENERAL COMMITTEE MEETING AGENDA 16 NOVEMBER 2020
ee
Cash and cash equivalents 43,016 69,808 57,023
Trade and other receivables 9,085 6.434 5.440
Inventones 198 183 181
Contract Assets - 27 27
Other current assets 2.466 3.317 4.732
54,765 79,768 67,403
Non Current Assets held for sale - - -
Total Current Assets 54,765 79,768 67,403
Non Current Assets
Trade and other receivables 49.718 49,593 49,593
Other non current Assets - - -
Investments 83.342 88.040 88.040
Investment property 3,300 3,000 3,000
Property, plant and equipment 948.640 929.948 929,355
Right of Use Assets - 161 161
Intangible assets 7.773 7,824 7,635
Total Non Current Assets 1,092,773 1,078,566 1,077,783
Total Assets 1,147,538 1,158,334 1,145,186
Current Liabilities
Trade and other payables 6.419 9,116 10,642
Contract Liabilities - 1,568 1,568
Borrowings 3.116 1,523 3.023
Lease Liablities - 54 54
Provisions 4,630 2,280 4.630
Other 2.778 2,368 1,561
Total Current Liabilities 16,942 16,919 21,478
Non Current Liabilities
Borrowings 19.637 18.493 18.493
Lease Liabilities - 110 110
Provisions 12,054 15,307 15,307
Total Non Current Liabilities 31,691 33,910 33,910
Total Liabilities 48,633 50,829 55,388
Net Community Assets 1,098,905 1,107,505 1,089,798
Community Equity
Asset Revaluation Surplus 85,293 86,525 86,525
Retained Surplus / (Defeciency) - - -
Shire Capital 1,013,612 1,003,273 992,284
Current Year Net Eamings - 17,706 10,989
Total Community Equity 1,098,905 1,107,505 1,089,798
Page 16 of 19Section 17
GENERAL COMMITTEE MEETING AGENDA 16 NOVEMBER 2020
Page 17 of 19
GENERAL COMMITTEE MEETING AGENDA 16 NOVEMBER 2020
Cash flows from operating activities
Cash Flows from Operating Activities
Receipts from Customers 83,308 43,465 91,168
Payments to Suppliers and Employees (77,358) (29.388) (82,671)
5,951 14,077 8,498
Receipts:
Investment and Interest Revenue Received 3.470 833 3,937
Rental Income 1,198 432 1,003
Non Capital Grants and Contributions 5,752 2,138 5,315
Income Tax Equivalent Received 1,200 388 1,857
Income from Equity Investments 1,850 - 1,396
Payments:
Borrowing Costs - - -
Interest Expense (1,126) (51) (143)
‘Net Cash Inflow/(Outflow) from Operating Activities = 18,2960 17,818 21,861
Cash Flows from Investing Activities
Proceeds of Sale of Property, Plant and Equipment - - 234
Grants, Subsidies, Contributions and Donations 12,861 3,952 8.640
Payments:
Payments of Property, Plant and Equipment (31,419) (6.782) (24,208)
Payments for Intangible Assets (1,449) (447) (1,710)
Net Movement in Loans and Advances - 125 125
‘Net Cash Inflowi(Outflow) from Investing Activities ==) (20,007) (3,153) (16,869),
Cash Flows from Financing Activities
Proceeds from Borrowings 3,420 - -
Payments:
Repayment of Borrowings (2,636) (1,881) (3,950)
‘Net Cash Inflowi(Outflow) from Financing Activities = 78K (4,881) (8,950),
‘Net Increase/(Decrease) in Cash and Cash Equivalents held = (827) 12,784,082
Cash and Cash Equivalents at the beginning of the reporting period 43,942 57,023 55,981
Cash and Cash Equivalents at the end of the reporting period. = 43,015 69.807 57,023
Page 17 of 19Section 18
GENERAL COMMITTEE MEETING AGENDA 16 NOVEMBER 2020
Page 18 of 19
GENERAL COMMITTEE MEETING AGENDA 16 NOVEMBER 2020
Materials and services
Advertising and Marketing 187 49 35 (14) 19%
Administration Supplies and Consumables 683 221 177 (44) 26%
Audit Expenditure 160 2 1 (1) 0%
Communications and IT 678 225 181 (44) 27%
Commission Paid 605 203 350 147 58%
Consultancy Services 928 240 226 (14) 24%
Contract Services 20,798 6.004 6,061 (33) 28%
Contributions, Donations, Sponsorship and Prizes 3,387 1,556 1,525 (31) 45%
Electricity 1,639 512 570 58 35%
Internal Fleet Costs and External Plant Hire 1,615 495 635 140 39%
Grants Paid to Community Organisations 1,547 688 669 (19) 43%
Insurance 625 5a7 507 (0) 95%
Legal Expenses 1,105 352 447 95 40%
Operating Leases and Rentals 256 118 123 6 48%
Software and Maintenance 2,003 571 592 22 30%
Subscriptions and Registrations 263 177 209 33 80%
Waste Levy Payments 1,185 478 55 (423) 5%
Water and Sewerage Charges 1,091 306 234 (72) 21%
All Other Materials and Services 4,538 926 1,163 238 26%
43,293 13,809 13,851 (41) 32%
Page 18 of 19Section 19
GENERAL COMMITTEE MEETING AGENDA 16 NOVEMBER 2020
7 CLOSED SESSION
Refer to Item 3.
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