2022-12-12 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA   12 DECEMBER 2022




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GENERAL COMMITTEE MEETING AGENDA                                                                              12 DECEMBER 2022

         ATTACHMENT 1

          Noosa Council
          Statement of Income and Expenditure
          For the Year Ended 30 June 2023
         As at 30 November 2022
                                                                     Current          Current
                                                                     Budget           Budget           Actual         Variance        Annual
                                                                        2023             YTD              YTD              YTD        Budget
                                                                      ($'000)          ($'000)          ($'000)          ($'000)         %
          Profit and Loss Statement

          Revenue
             Recurrent Revenue
             Rates, levies and charges                                 82,499           41,163           41,568             405         50%
             Fees and charges                                           8,890            3,788            4,085             297         46%
             Interest received                                           870              431             1,594            1,163        183%
             Sale of Goods and major services                          12,299            5,067            5,658             591         46%
             Sale of contract and recoverable works                       23                44               10              (1)        45%
             Rental & lease income                                      1,751             749               547            (202)        31%
             Other income                                               1,063             459               479               20        45%
             Grants, subsidies, contributions and donations             5,073            4,299            1,711             412         34%
             Unitywater Distributions                                   5,950            1,105            1,142               36        19%
                                                                      118,417           54,072           56,793            2,721        48%
          Expenses
             Recurrent Expenses
             Employee benefits                                         42,348           17,113           16,617             496         39%
             Materials and services                                    55,663           21,234           21,949            (714)        39%
             Finance costs                                              1,214             512               442               70        36%
            Depreciation                                               19,654            8,189            8,189                -        42%
             Other expenses                                              256               103               15               29        29%
                                                                      119,135           47,152           47,272            (120)        40%
         Operating Result                                               (718)            6,920            9,521            2,601

         Summary of Capital Expenditure and Funding

         Capital Funding
             Capital cash contributions and infrastructure charges      1,505             808               808                -        54%
             Contributed assets                                         1,500                -                -                -         0%
             Capital grants and subsidies                              17,630            3,241           14,361           11,120        81%
             Cash / revenue                                            32,219           23,183            6,351         (16,833)        20%
             New loan borrowings                                        5,759                2                5                =         0%
             Other capital revenue                                          -                -               18               18         0%
         Total Capital Funding                                         58,613           27,232           21,537           (5,695)
         Capital Expenditure
             Contributed assets                                         1,500                -                -                -         0%
             Capital works - constructed assets                        51,353           26,202           20,460           (5,742)       40%
             Capital works - other capital                              4,758             529               419            (109)         9%
             Loan redemption                                            1,003             501               501                -        50%
             Other capital expenses                                         -                -              157              157         0%
         Total Capital Expenditure                                     58,613           27,232           21,537           (5,695)

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