FINANCIAL PERFORMANCE REPORT – FEBRUARY 2025 · Attachment 1 Statement of Income and Expenditure - Feb 2025

Attachment 1 - Statement of Income and Expenditure


Noosa Council
Statement of Income and Expenditure
For the Year Ended 30 June 2025
As at 28 February 2025
                                                           Current    Current
                                                           Budget     Budget     Actual    Variance     Annual
                                                              2025        YTD       YTD         YTD     Budget
                                                            ($'000)    ($'000)   ($'000)     ($'000)      %
Profit and Loss Statement

Revenue
   Recurrent Revenue
   Rates, levies and charges                                94,308     94,282     94,472         191     100%
   Fees and charges                                         10,986      7,573      7,365       (208)      67%
   Interest received                                         3,711      3,059      4,378       1,319     118%
   Sale of Goods and major services                         15,914     10,759     11,174         415      70%
   Sale of contract and recoverable works                       31         13         13          (0)    43%
   Rental & lease income                                     2,234      1,622      1,722         100     77%
   Other income                                                981        631        915         284     93%
   Grants, subsidies, contributions and donations            7,169      4,487      4,695         208     65%
   Unitywater Distributions                                  5,950      3,132      3,132            -    53%
                                                           141,283    125,557    127,866       2,309     91%
Expenses
   Recurrent Expenses
   Employee benefits                                        53,122     33,286     33,294          (9)    63%
   Materials and services                                   62,809     39,260     39,370       (109)     63%
   Finance costs                                             3,032      1,633      1,468         165     48%
   Depreciation                                             21,936     14,624     14,624          (0)    67%
   Other expenses                                              246        158         89          69     36%
                                                           141,145     88,961     88,845         116     63%

Operating Result                                               138     36,596     39,022       2,425

Summary of Capital Expenditure and Funding

Capital Funding
   Capital cash contributions and infrastructure charges     1,429        988        988           -     69%
   Contributed assets                                        1,500        374        120       (254)      8%
   Capital grants and subsidies                             90,464     37,600     46,454       8,854     51%
   Cash / revenue                                           33,025     50,190     13,286    (36,903)     40%
   New loan borrowings                                           -          -          -           -      0%
   Other capital revenue                                         -          -          -           -      0%
Total Capital Funding                                      126,418     89,151     60,848    (28,303)

Capital Expenditure
   Contributed assets                                        1,500        374        120       (254)      8%
   Capital works - constructed assets                      112,895     80,145     52,054    (28,091)     46%
   Capital works - other capital                            10,782      7,392      3,184     (4,207)     30%
   Loan redemption                                           1,241      1,241      1,241           -     100%
   Other capital expenses                                        -          -      4,249       4,249      0%
Total Capital Expenditure                                  126,418     89,151     60,848    (28,303)