2018-11-12 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA   12 NOVEMBER 2018

                                      Attachment 1




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GENERAL COMMITTEE MEETING AGENDA                                                                              12 NOVEMBER 2018
TO                                                                                                                    Attachment 1

        Noosa Council
       Statement of Income and Expenditure
       For the Year Ended 30 June 2019
       As at 31 October 2018
                                                             Current          Current
                                                              Budget          Budget           Actual        Variance         Annual
                                                                2019             YTD              YTD              YTD        Budget
                                                              ($'000)          ($000)           ($'000)          ($000)          %
       Profit and Loss Statement

       Revenue
           Recurrent Revenue
           Rates, levies and charges                           66,553           33,276           33,195             (82)        50%
           Fees and charges                                    5,542            2,313            2,707              394         49%
           Dividend income                                      1,600                -                -                -        0%
           Interest received                                    4,250            1,805            2,028             223         48%
           Tax equivalents                                      1,450             523              523                 -        36%
           Sale of Goods and major services                     8,731            2,836            3,022             186         35%
           Sale of contract and recoverable works                  16                -                1               1         5%
           Rental & lease income                                1,546              582             552              (30)        36%
           Other income                                           811             339              588              248         72%
           Grants, subsidies, contributions and donations       5,225            1,771            1,856              85         36%
                                                               95,724           43,447          44,473             1,026        46%
       Expenses
           Recurrent Expenses
           Employee benefits                                   32,273            9,924            9,328            (596)        29%
           Materials and services                              41,439           13,422           13,217            (205)        32%
           Finance costs                                        2,579             800              792               (9)        31%
           Depreciation and amortisation                       19,264            6,421            6,421                -        33%
           Other expenses                                         154               63              68                6         44%
                                                               95,709           30,630           29,826            (804)        31%
       Operating Result                                            14           12,817           14,647            1,830

       Summary of Capital Revenue and Expenditure
       Capital Revenue
           Capital contributions and donations                  4,043             258              336               78         8%
           Grants, subsidies, contributions and donations       3,375             946              946                 -        28%
           Other capital revenue                                    -                -                -                -
       Total Capital Revenue                                    7,419            1,204            1,282              78
       Capital Expenditure
           Contributed assets                                   2,000                -                -                -        0%
           Constructed assets                                  31,240           13,254           10,756          (2,498)        34%
           Other capital expenses                                   -                -              165             165
       Total Capital Expenditure                               33,240           13,254           10,921          (2,333)

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