2019-04-15 General Committee Agenda

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Noosa Council                                                                                                 ATTACHMENT 1
Statement of Income and Expenditure
For the Year Ended 30 June 2019
As at 31 March 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                            66 553            66,553           66,465              (88)       100%
    Fees and charges                                      5,547             4,417            5,455             1,038        98%
    Dividend income                                        1,600             669               669                 -        42%
    Interest received                                     4,406             3,266            3,579              313         81%
    Tax equivalents                                        1,450            1,255            1,255                 -        87%
    Sale of Goods and major services                      8,770             6,702            7,255              553         83%
    Sale of contract and recoverable works                   16                 -                3                3         20%
    Rental & lease income                                  1,530            1,203            1,041             (162)        68%
    Other income                                            846              655               950              295        112%
    Grants, subsidies, contributions and donations        5,261             3,255            3,345               90         64%
                                                         95,978            87,976           90,018            2,042         94%
Expenses
    Recurrent Expenses
    Employee benefits                                    32,326            23,493           22,803             (690)        71%
    Materials and services                               41,817            29,425           28,824             (601)        69%
    Finance costs                                         2,400             1,800            1,721              (79)        712%
    Depreciation and amortisation                         19,264           14,448           14,461               13         15%
    Other expenses                                          154               133              162               29        105%
                                                         95,961            69,300           67,972           (1,328)        71%

Operating Result                                             17            18,676           22,046            3,369

Summary of Capital Revenue and Expenditure

Capital Revenue
    Capital contributions and donations                   4,043             2,839            4,018             1,179        99%
    Grants, subsidies, contributions and donations        3,375             2,428            2,548              120         15%
    Other capital revenue                                      -                -                -                 -
Total Capital Revenue                                     7,419             5,267            6,566            1,299

Capital Expenditure
    Contributed assets                                    2,000             2,000            2,590              590        130%
    Constructed assets                                   29,815            23,034           20,268           (2,766)        68%
    Other capital expenses                                     -                -              646              646
Total Capital Expenditure                                31,815            25,034           23,504           (1,530)

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