2019-05-13 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA       13 MAY 2019


                                   Attachment 1




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GENERAL COMMITTEE MEETING AGENDA                                                                                            13 MAY 2019

                                                                                                                     Attachment 1

      Noosa Council
      Statement of Income and Expenditure
      For the Year Ended 30 June 2019
      As at 30 April 2019
                                                            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                            65,251           66,553           66,454              (98)       102%
          Fees and charges                                      6,391            5,615            5,918              303         93%
          Dividend income                                       1,600              669              669                 -        42%
          Interest received                                     4,642            4,257            4417               160         95%
          Tax equivalents                                       1,450            1,409            1,409                 -        97%
          Sale of Goods and major services                      9,316            7,786            8,085              300         87%
          Sale of contract and recoverable works                   23                -                3                3         14%
          Rental & lease income                                 1,292            1,135            1,142                7         88%
          Other income                                           924               772            1,031              259        112%
          Grants, subsidies, contributions and donations        4,235            3,886            3,824              (62)        90%
                                                               95,123           92,082           92,953              871         98%
      Expenses
          Recurrent Expenses
          Employee benefits                                    32,106           25,595           25,371             (224)        79%
          Materials and services                               42,290           32,710           31,575           (1,135)        75%
          Finance costs                                         2,309            1,909            1,900               (9)        82%
          Depreciation and amortisation                        16,864           16,054           16,067               13         95%
          Other expenses                                          154              140              172               32        112%
                                                               93,723           76,407           75,085           (1,322)        80%
      Operating Result                                          1,400           15,675           17,867            2,193

      Summary of Capital Revenue and Expenditure

      Capital Revenue
          Capital contributions and donations                   4,043            2,839            4,915            2,076        122%
          Grants, subsidies, contributions and donations        3,375            2,428            2,695              267         80%
          Other capital revenue                                     -                -                -                 -
      Total Capital Revenue                                     7,419            5,267            7,610            2,343,

      Capital Expenditure
          Contributed assets                                    2,000            2,000            3,072            1,072        154%
          Constructed assets                                   28,391           22,692           21,516           (1,175)        76%
          Other capital expenses                                    -                -              734              734
      Total Capital Expenditure                                30,391           24,692           25,322              630

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